Tag: Pakistan Stock Exchange

KARACHI: Pakistan stocks witnessed bearish trading on Tuesday which was continued from a day earlier.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 41,540 points from previous day’s closing of 41,613 points, showing a decline of 73 points.

READ MORE: Pakistan stocks witness bloodbath due to economic woes

Analysts at Arif Habib Limited said that a mixed session was witnessed at the PSX during the day.

The market opened in the green territory however, selling momentum built up over the ongoing political clamor in the country.

READ MORE: Weekly Review: Investors to remain cautious after Sukuk repayment

Deteriorating macroeconomic factors have continued to undermine investors’ confidence resulting in significant volume reductions from the mainboard as 3rd tier stocks continued to dominate the volume board.

Sectors contributing to the performance include Automobile Assembler (-27.7 points), Chemical (-18.7 points), OMC’s (-16.6 points), Commercial Banks (-16.0 points), Inv. Banks / Inv. Cos. / Securities Cos. (-13.6 points).

READ MORE: Pakistan stocks lose 243 points on political unrest

Volumes increased from 126.3 million shares to 131.7 million shares (+4.3 per cent DoD). The average traded value also increased by 20.1 per cent to USD 17.4 million as against USD 14.5 million.

Stocks that contributed significantly to the volumes are DCL, WTL, DFML, TPLP and KOSM.

READ MORE: Stocks end positive 45 points despite profit taking

KARACHI: Pakistan stocks witnessed bloodbath session on Monday due to rising economic worries and political uncertainty.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended down to 41,613 points from last Friday’s closing of 42,150 points, showing a decline of 537 points.

READ MORE: Weekly Review: Investors to remain cautious after Sukuk repayment

Analysts at Arif Habib Limited said that a bloodbath session was recorded at the PSX during the day.

The market opened in the green, but lack of investor participation and redemptions caused the index to drop 632 points intraday and close in the red.

Volumes in the mainboard dried up notably as a result of political noise in the country, and third-tier companies continued to lead the volume board.

READ MORE: Pakistan stocks lose 243 points on political unrest

Analysts at Topline Securities said that after a slight positive opening market witnessed profit taking as investor varied over delayed IMF 9th review and subsequent approval of $1.2 billion loan tranche followed by unstable economic conditions and poor foreign reserves led the investor’s confidence in check.

Sectors contributing to the performance include Cement (-127.1 points), Technology & Communication (-89.0 points), Commercial Banks (-76.2 points), Fertilizer (-50.6 points), E&P’s (-42.4 points).

READ MORE: Stocks end positive 45 points despite profit taking

Volumes decreased from 143.2 million shares to 126.3 million shares (-11.8 per cent DoD). The average traded value also decreased by 36.4 per cent to USD 14.5 million as against USD 22.8 million.

Stocks that contributed significantly to the volumes are WTL, FCCL, HASCOL, KEL and DSIL.

READ MORE: Pakistan stocks end flat in low volumes

KARACHI: Investors of Pakistan Stock Exchange (PSX) may cautious during next week after repayment of Sukuk made by the country.

The repayment has been made under a scenario when foreign exchange reserves are alarmingly low.

Analysts at Arif Habib Limited expect the market to remain range bound during next week.

READ MORE: Pakistan stocks lose 243 points on political unrest

“The extension in the term of Saudi Fund worth $3 billion will provide breather to the concerns regarding external repayments. We do highlight that Pakistan International Sukuk is maturing on December 05, 2022, however, as per SBP, funding against this has already been arranged,” they added.

The benchmark KSE-100 index of PSX was trading at a PER of 4.1x (2023) compared to Asia Pac regional average of 12.9x while offering a dividend yield of 10.2 per cent versus 2.8 per cent offered by the region.

READ MORE: Stocks end positive 45 points despite profit taking

The market commenced on a negative note amid surprising policy rate hike by the SBP (+100 basis points to 16 per cent) on last Friday coupled with political noise, with the index losing 973 points during the intraday.

The momentum briefly turned green after the SBP received $500 million from Asian Infrastructure Investment Bank. With this, Pak Rupee appreciated during the week against the greenback, gaining by PKR 0.25 | 0.11 per cent WoW to settle at PKR 223.69.

READ MORE: Pakistan stocks end flat in low volumes

However, momentum shifted back to the negative zone, after PBS data depicted an increase in trade deficit by 24 per cent MoM in November 2022. In addition to this, the Consumer Price Index (CPI) in November 2022 arrived at 23.84 per cent (up by 0.76 per cent MoM).

Furthermore, SBP’s foreign exchange reserves data showcased a decline of $327 million. The market closed at 42,150points, shedding 787 points (down by 1.8 per cent WoW).

Sector-wise negative contributions came from i) Cement (243 points), ii) Technology (101 points), iii) Fertilizer (83 points), iv) E&Ps (70 points) and v) Banks (62 points).

Whereas, sectors which contributed positively were i) Miscellaneous (82 points), and ii) Power (48 points). Scrip-wise negative contributors were TRG (102 points), LUCK (79 points), CHCC (43 points), MTL (39 points) and MLCF (38 points).

READ MORE: Stocks gain 302 points on AIIB inflows

Meanwhile, scrip-wise positive contribution came from PSEL (87 points), HUBC (59 points), SYS (24 points), HBL (12 points) and IBFL (4 points).

Foreigners buying continued during this week, settling at $6.6 million compared to a net buy of $1.1 million last week. Major buying was witnessed in E&P ($2.0 million), Cement ($1.8 million), and Technology ($1.6 million).

On the local front, selling was reported by Mutual Funds ($6.3 million) followed by Broker Proprietary Trading ($2.1 million). Average volumes clocked in at 162 million shares (up by 1 per cent WoW) while average value traded settled at $24 million (down by 7 per cent WoW).

KARACHI: Pakistan stocks have lost 243 points on Friday owing to rising political unrest.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 42,150 points from previous day’s close of 42,393 points, showing a decline of 243 points.

Analysts at Arif Habib Limited said that a negative session was witnessed by PSX during the day.

READ MORE: Stocks end positive 45 points despite profit taking

The benchmark KSE-100 index started off in green, but the continuous political unrest kept investors away, causing the index to hit an intraday low of 447.04 points.

Bears took charge of the bulls during the first session and kept on driving the market during the day as investors opted to square up their positions owing to the uncertain weekend ahead due to ongoing political noise.

READ MORE: Pakistan stocks end flat in low volumes

Volumes in the mainboard remained decent whereas healthy volumes were observed in the 3rd tier stocks today as well.

Sectors contributing to the performance include Technology & Communication (-71.6 points), Cement (-68.2 points), Oil & Gas Marketing Companies (-19.1 points), Pharmaceuticals (-19.0 points), Food & Personal Care Products (-18.6 points).

READ MORE: Stocks gain 302 points on AIIB inflows

Volumes decreased from 161.8 million shares to 143.2 million shares (-11.5 per cent DoD). The average traded value increased by 8.7 per cent to USD 22.8 million as against USD 21.0 million.

Stocks that contributed significantly to the volumes are DFML, TRG, WTL , HASCOL, PIBTL, & BGL.

READ MORE: Pakistan stocks nosedive by 865 points to react policy rate hike

KARACHI: Pakistan stocks ended positive by 45 points on Thursday despite profit taking observed in last hours of day trading.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 42,393 points from previous day’s closing of 42,348 points, showing an increase of 45 points.

READ MORE: Pakistan stocks end flat in low volumes

Analysts at Arif Habib Limited said that a positive session was witnessed at the PSX during the day continuing the acclamatory momentum from the previous close.

An increase in OMC margins facilitated the market participation on the higher side.

READ MORE: Stocks gain 302 points on AIIB inflows

The market opened in positive territory and made an intraday high of 310 points as investors elected for value angling in the main board.

Healthy volumes were recorded across the board, whereas 3rd tier stocks remained volume leaders.

READ MORE: Pakistan stocks nosedive by 865 points to react policy rate hike

Sectors contributing to the performance include Commercial Banks (+73.5 points), Miscellaneous (+25.7 points), Power Generation & Distribution (+19.8 points), Oil & Gas Marketing Companies (+10.6 points), Fertilizer (+5.6 points).

READ MORE: Weekly Review: investors may react to surprise policy rate hike

Volumes increased from 120.2 million shares to 161.8 million shares (+34.6 per cent DoD). The average traded value also increased by 0.8 per cent to USD 21.0 million as against USD 20.8 million.

Stocks that contributed significantly to the volumes are WTL, HASCOL, GCIL, NCPL, HBL & GGL.

KARACHI: Pakistan stocks ended flat on Wednesday as the market witnessed low volumes during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 42,349 points from previous day’s closing of 42,374 points, showing a decline of 25 points.

READ MORE: Stocks gain 302 points on AIIB inflows

Analysts at Arif Habib Limited said that the PSX witnessed a range-bound session during the day.

The market opened in the green zone but the lack of investors’ participation dive the index down into the red zone and continued to trade in the same zone for most of the trading session.

READ MORE: Pakistan stocks nosedive by 865 points to react policy rate hike

Market participation was approximately lower than the previous session as volumes remained dry in the main board however, decent volumes were recorded in the 3rd tier

Sectors contributing to the performance include Commercial Banks (-79.9 points), Technology and Communication (-17.3 points), Power Generation and Distribution (-18.2 points), Chemical(-8.2 points), Automobile Assembler (-6.9 points).

READ MORE: Weekly Review: investors may react to surprise policy rate hike

Volumes decreased from 139.2 million shares to 120.2 million shares (-13.7 per cent DoD). The average traded value also decreased by 7.9 per cent to USD 20.80 million as against USD 22.58 million.

Stocks that contributed significantly to the volumes are WTL, NCP, DFML, KEL, TRG, GCI, & PIBTL.

READ MORE: Stocks trade in narrow range on last day of week

KARACHI: Pakistan stocks gained 302 on Tuesday due to positive sentiments prevailed and inflows received from Asian Infrastructure Investment Bank (AIIB).

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 42373 points from previous day’s closing of 42,071 points, showing a gain of 302 points.

READ MORE: Pakistan stocks nosedive by 865 points to react policy rate hike

Analysts at Arif Habib Limited said that a positive session was witnessed at the PSX during the day.

The Index was driven by the bulls throughout the day which shows signs of recovery after yesterday’s sharp decline.

READ MORE: Weekly Review: investors may react to surprise policy rate hike

Investors’ sentiments improved as Govt of Pakistan received $ 500 million from the Asian Infrastructure Investment Bank (AIIB).

Investor participation remained active throughout the day, with 3rd tier stocks witnessing the most activity today as well.

READ MORE: Stocks trade in narrow range on last day of week

Sectors contributing to the performance include Commercial Banks (+67.7 points), Technology & Communication (+60.7 points), Power Generation & Distribution (+57.5 points), E&P’s (+34.2 points), Cement (+28.5 points).

READ MORE: Pakistan stocks end flat amid political uncertainty

Volumes decreased from 244.4 million shares to 139.2 million shares (-43.0 per cent DoD). The average traded value also decreased by 27.5 per cent to USD 22.6 million as against USD 31.1 million.

Stocks that contributed significantly to the volumes are WTL, UNITY,  KEL, BAFL, DFML, GCIL, & HUBC.

KARACHI: Investors of Pakistan stocks may react to the surprise hike in policy rate during next week as the central bank made announcement of sharp increase after the closing of last trading day of the outgoing week.

The State Bank of Pakistan (SBP) in its policy announcement on November 25, 2022 shocked all the stakeholders while raising a massive increase in benchmark policy rate by 100 basis points to 16 per cent.

READ MORE: Stocks trade in narrow range on last day of week

Analysts at Arif Habib Limited said market is expected to remain range bound in the upcoming week on the back of surprise hike in the policy rate to 16 per cent (+100bps) by the SBP.

Moreover, dollar inflow from AIIB and the repayment of the SUKUK (fully funded as per SBP) next week are expected to support market momentum and increase investor confidence.

In addition, the PM’s visit to Turkey to enhance bilateral cooperation might bring some positive momentum in the market.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 4.2x (2023) compared to Asia Pac regional average of 12.9x while offering a dividend yield of ~10.2 per cent versus 2.8 per cent offered by the region.

READ MORE: Pakistan stocks end flat amid political uncertainty

The market commenced on a positive note this week, However, uncertainty prevailed throughout the week due to political concerns. In addition, during the week Pak Rupee depreciated against the greenback, dropping by PKR 0.28 | 0.13 per cent WoW settling at PKR 223.94.

In addition, the current Account Deficit declined by 68 per cent YoY, primarily due to a decline in imports which went down by 23 per cent YoY. The market closed at 42,937, gaining 206 points (up by 0.48 per cent) WoW.

READ MORE: Political uncertainty keeps Pakistan stocks range-bound

Sector-wise positive contributions came from i) Technology & Communications (202 points), ii) Fertilizer (114 points), iii) E&P (26 points), iv) Banks (26 points) and v) Miscellaneous (17 points). Whereas sectors that contributed negatively were i) Power (31 points), ii) Cement (20 points), and iii) Glass (14 points).

Scrip-wise positive contributors were SYS (147 points), ENGRO (92 points), TRG (53 points), DAWH (36 points), and INDU (27 points). Meanwhile, scrip-wise the negative contribution came from HUBC (120 points), MTL (28 points), FATIMA (14 points), LUCK (11 points), and GHGL (11 points).

READ MORE: Stocks end up on addition of Pakistani companies in global indices

Foreigners buying was witnessed during this week, clocking in at $1.11 million compared to a net buying of $2.06 million last week. Major buying was witnessed in Technology & Communications ($0.78 million), All other sectors ($0.74 million), and E&P ($0.24 million).

On the local front, selling was reported by Mutual Funds ($2.82 million) followed by Insurance ($1.42 million). Average volumes clocked in at 160 million shares (down by 14 per cent WoW) while the average value traded settled at $25 million (down by 10 per cent WoW).

KARACHI: Pakistan stocks traded in narrow range on the last day of week on Friday anticipating monetary policy announcement.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 42,937 points from previous day’s closing of 42,904 points, showing an increase of 33 points.

The week concluded with another range-bound trading session at the PSX during the day, analysts at Arif Habib Limited said.

READ MORE: Pakistan stocks end flat amid political uncertainty

The session began in the positive zone after the name of the new COAS was announced, providing much-needed clarity on the political ground, they added.

However, after the second session resumed, the index traded in a narrow range, drying up volumes as investors chose to remain on the sidelines in anticipation of today’s Monetary Policy announcement.

READ MORE: Political uncertainty keeps Pakistan stocks range-bound

Sectors contributing to the performance include Fertilizer (+34.3 points), Miscellaneous (+26.4 points), Commercial Banks (+21.9 points), E&P’s (+20.2 points), Food & Personal Care Products (+6.9 points).

READ MORE: Stocks end up on addition of Pakistani companies in global indices

Volumes increased from 153.1 million shares to 177.3 million shares (+15.8 per cent DoD). The average traded value also increased by 3.3 per cent to USD 27.0 million as against USD 26.1 million.

Stocks that contributed significantly to the volumes are HUMNL, DFML, WTL, HASCOL, and CNERGY.

READ MORE: Stocks end flat amid lackluster trading activity