KARACHI: Investors of Pakistan stocks may stay cautious during next week due to political uncertainty, analysts said. The analysts at the Arif Habib Limited said that the market is expected to remain range bound in the upcoming week as the participants will remain cautious due to the political noise in the country.
(more…)Tag: Pakistan Stock Exchange
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Stocks continues to gain on foreign inflow expectations
KARACHI: Pakistan stocks continued to make gain on Friday on the reports of foreign inflows from China and Saudi Arabia.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 43,093 points from previous day’s closing of 42,901 points, showing an increase of 192 points.
READ MORE: Pakistan equities gain 636 points on AIIB fund inflow
Analysts at Arif Habib Limited said yet another positive day was witnessed at the PSX during the day.
The market opened in the positive territory although lackluster activity was noticed which led the index to lose 96.39 points at the close of the opening trading session.
READ MORE: Pakistan equities extend gain amid inflows expectations
However, the benchmark KSE-100 did rebound once the trading resumed as investors resurfaced following the Finance Minister’s announcement of a $13 billion package from China and Saudi Arabia.
Volumes were stable overall, while healthy activity was observed in the Oil & Exploration Companies.
READ MORE: Pakistan stocks up 191 points on inflows expectations
Sectors contributing to the performance include E&P’s (+129.3 points), Technology & Communication (+98.4 points), OMC’s (+22.8 points), Tobacco (+13.1 points) and Food & Personal Care Products (+12.8 points).
Volumes decreased from 293.9 million shares to 232.8 million shares (-20.8 per cent DoD). The average traded value also decreased by -25.4 per cent to USD 34.4 million as against USD 46.1 million.
Stocks that contributed significantly to the volumes are CNERGY, WTL, TPLP, PRL and OGDC.
READ MORE: Weekly Review: investors may cautious over political noise
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Pakistan equities gain 636 points on AIIB fund inflow
KARACHI: Pakistan equities have recorded jump of 636 points on Monday on reports of fund inflow from Asia Infrastructure Bank (AIIB).
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 41,901 points from last trading of 42,265 on November 08, 2022, showing a gain of 636 points.
READ MORE: Pakistan equities extend gain amid inflows expectations
The stock market was remained closed on November 09, 2022 due to public holiday announced by the government on the occasion of Iqbal Day.
Analysts at Topline Securities said that Pakistan equities had witnessed a bullish momentum during the day. The KSE-100 index initially opened in a green zone, stayed positive throughout the day and eventually settled at 42,901 for the day.
READ MORE: Pakistan stocks up 191 points on inflows expectations
The aforesaid sentiment is attributed to easing off on the global energy commodity front where international oil and coal prices came down which lured investors’ interest toward cyclical stocks especially listed construction sector.
In addition to this, finance minister’s announcement of arrival of Asia Infrastructure Investment Bank’s (AIIB) co-financing of US$500 MILLION (under Building Resilience with Active Counter-cyclical Expenditure (BRACE) program of ADB) by the end of the month also supported market sentiment.
READ MORE: Weekly Review: investors may cautious over political noise
During the day, Tech, Bank & E&P sector stocks contributed positively to the index where TRG, MEBL, OGDC, PPL & BAFL added 278 points, cumulatively. On the flip side, PSEL, RMPL and FATIMA have witnessed some profit taking as they lost 52 points collectively, today.
Over 293 million shares traded today at the bourses while total value clocked in at Rs 10.2 billion. HASCOL led the volumes chart today with trading of 41.5 million shares in it, during the day.
READ MORE: Weekly Review: stocks to stay uncertain over PTI’s Long March
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Pakistan equities extend gain amid inflows expectations
KARACHI: Pakistan equities extended gain on Tuesday amid positive sentiments prevailed over expectation of inflows from China and Saudi Arabia.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 42,265 points from previous day’s closing of 42,047 points, showing a gain of 218 points.
READ MORE: Pakistan stocks up 191 points on inflows expectations
Analysts at Topline Securities said that the market continued its yesterday positive momentum over expectation of rollover of $13 billion upcoming debt payment from China and Saudi Arabia further investors also cheered decline in international coal prices which led the Cement sector to remain in limelight.
Meanwhile, the analysts at Arif Habib Limited said that the market witnessed another range bound session during the day.
READ MORE: Weekly Review: investors may cautious over political noise
The market opened in the positive zone continuing its momentum from the previous close as investors’ participation remained sluggish throughout the trading session.
Investors continued value hunting across the board although the cement sector remained in the limelight due to international coal prices plummeting.
READ MORE: Weekly Review: stocks to stay uncertain over PTI’s Long March
Sectors contributing to the performance include Commercial Banks (+97.9 points), Cement (+61.6 points), Fertilizer (+43.2 points), E&P’s (+40.3 points) and Automobile Assembler (+26.7 points).
Volumes decreased from 240.2 million shares to 237.4 million shares (-1.2 per cent DoD). The average traded value increased by 6.5 per cent to $ 26.2 million as against $ 24.6 million.
Stocks that contributed significantly to the volumes are FFL, WTL, CNERGY, HASCOL and HBLTETF.
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Pakistan stocks up 191 points on inflows expectations
KARACHI: Pakistan’s stocks witnessed a robust start to the week, with the benchmark KSE-100 index closing 191 points higher on Monday. The market rallied on optimism surrounding expected monetary inflows from China and Saudi Arabia.
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Weekly Review: investors may cautious over political noise
KARACHI: Pakistan stocks likely stay range bound during next week as investors remain cautious over political noise.
Analysts at Arif Habib Limited said that the market would remain range bound in the upcoming week as the participants would remain cautious due to the political noise in the country.
Furthermore, any positive outcome of IMF’s ninth review can aid the index.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 4.0x (2023) compared to Asia Pac regional average of 12.4x while offering a dividend yield of 10.2 per cent versus 2.9 per cent offered by the region.
READ MORE: Weekly Review: stocks to stay uncertain over PTI’s Long March
The market commenced on a positive note this week. The momentum continued throughout the week with the PMs visit to China.
Furthermore, the country’s trade deficit narrowed down by 26.59 per cent to $ 11.469 billion during the first four months of the current fiscal year compared to $ 15.624 billion during the same period of last year.
The Pak Rupee was slightly up against the greenback, closing at PKR 221.95 (up by 0.2 per cent WoW). In addition to this, SBP reserves went up to $ 8.9 billion this week, up by $ 1.5 billion compared to $ 7.44 billion on October 14, reflecting inflows from Asian Development Bank (ADB).
However, towards the end of the week, the market went down due to an attack on the ex-PM Imran Khan. The market closed at 41,856 points, gaining 716 points (up by 1.7 per cent) WoW.
READ MORE: Pakistan stocks fall amid attack on ex-PM
Sector-wise positive contributions came from i) Technology & Communication (168 points), ii) Oil & Gas Exploration Companies (144 points), iii) Fertilizers (107 points), iv) Power Generation & Distribution (85 points) and v) Cement (66 points).
Whereas, sectors which contributed negatively were i) Insurance (10 points), ii) Food & Personal Care Products (9 points), and iii) Paper & Board (8 points). Scrip-wise positive contributors were TRG (101 points), POL (89 points), HUBC (74 points), SYS (53 points) and ENGRO (43 points).
Meanwhile, scrip-wise negative contribution came from MEBL (31 points), NESTLE (15 points), HBL (12 points), PSEL (12 points) and AICL (10 points).
Foreigners selling was witnessed during this week, clocking in at $ 1.58 million compared to a net buy of $ 0.97 million last week.
Major selling was witnessed in Banks ($ 0.9 million), Fertilizer ($ 0.8 million) and other sectors ($ 0.3 million).
On the local front, buying was reported by Individuals Funds ($ 4.7 million) followed by Banks ($ 0.8 million). Average volumes clocked in at 229 million shares (up by 7 per cent WoW) while average value traded settled at $ 25 million (down by 11 per cent WoW).
READ MORE: KSE-100 index gains 146 points in mixed trading session
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Pakistan stocks fall amid attack on ex-PM
KARACHI: Pakistan stocks fell on Friday due to uncertainty after an attack on former Prime Minister Imran Khan a day earlier.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 41,856 points from previous day’s closing of 42,092 points, showing a decline of 234 points.
READ MORE: KSE-100 index gains 146 points in mixed trading session
Analysts at Arif Habib Limited said that a negative session was observed at the stock market during the day.
Due to the ongoing political uneasiness, the market tanked as soon as the bell rang and kept losing ground during both sessions, which caused investors to shy away from the equity market, drying up volumes across the board while third-tier equities continued to garner attention.
READ MORE: Pakistan stocks gain as investors hope good from PM China visit
Sectors contributing to the performance include Technology & Communication (-55.4 points), Cement (-55.8 points), Commercial Banks (-22.3 points), E&P’s (-23.7 points) and Pharmaceuticals (-25.3 points).
READ MORE: Bulls return as benchmark index gain 544 points
Volumes decreased from 325.7 million shares to 298.1 million shares (-8.5 per cent DoD). The average traded value also decreased by -24.2 per cent to USD 24.6 million as against USD 32.4 million.
Stocks that contributed significantly to the volumes are HASCOL, WTL, SSGC, DCL and CNERGY.
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KSE-100 index gains 146 points in mixed trading session
KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) gained 146 points on Thursday in mixed trading session during the day.
The index ended at 42,091 points from previous day’s closing of 41,945 points, showing a gain of 146 points.
READ MORE: Pakistan stocks gain as investors hope good from PM China visit
Analysts at Arif Habib Limited said that a positive session was witnessed at the PSX today continuing the favorable momentum from the previous close.
Despite opening in the red territory the market bounced back and made an intraday high of 288.87 points as investors opted for value hunting in the main board.
READ MORE: Bulls return as benchmark index gain 544 points
Healthy volumes were recorded across the board, on the contrary 3rd tier stocks remained volume leaders.
Sectors contributing to the performance include Technology & Communication (+67.9 points), E&P’s (+26.4 points), Commercial Banks (17.7 points), Cement (+14.4 points) and Pharmaceuticals (+8.7 points).
READ MORE: Stocks end positive amid political unrest
Volumes increased from 230.5 million shares to 325.7 million shares (+41.3 per cent DoD). The average traded value also increased by 15.1 per cent to USD 32.5 million as against USD 28.2 million.
Stocks that contributed significantly to the volumes HACOL, WTL, GGL, DCL and CNERGY.
READ MORE: Weekly Review: stocks to stay uncertain over PTI’s Long March
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Pakistan stocks gain as investors hope good from PM China visit
KARACHI: Pakistan stocks gained 136 points on Wednesday amid investors were hoping positive outcome from China visit by the prime minister.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 41,945 points from previous day’s closing of 41,809 points, showing a gain of 136 points.
READ MORE: Bulls return as benchmark index gain 544 points
Analysts at Arif Habib Limited said that another positive session was witnessed at the PSX today.
The benchmark KSE-100 index traded in the green for majority of the session, maintaining the momentum from the previous session, as investor remained hopeful for positive outcomes from the Prime Minister’s visit to China.
READ MORE: Stocks end positive amid political unrest
Volumes improved significantly in the main board yet 3rd tier stocks remained in the limelight.
Sectors contributing to the performance include E&P’s (+60.3 points), Power Generation & Distribution (+48.2 points), Oil & Gas Marketing Companies (+39.6 points), Fertilizer (+19.5 points) and Automobile Assembler (+9.5 points).
READ MORE: Weekly Review: stocks to stay uncertain over PTI’s Long March
Volumes increased from 192.1 million shares to 230.6 million shares (+20.0 per cent DoD). The average traded value decreased by -1.3 per cent to USD 28.2 million as against USD 28.60 million.
Stocks that contributed significantly to the volumes are HASCOL, WTL, CNERGY, GTECH and TPLP.
READ MORE: Pakistan stocks observe bloodbath session amid political uncertainty
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Bulls return as benchmark index gain 544 points
KARACHI: Bulls returned to Pakistan stocks as benchmark index gained 544 points on Tuesday after witnessing many dry sessions.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 41,809 points from previous day’s closing of 41,265 points, showing a gain of 544 points.
READ MORE: Stocks end positive amid political unrest
Analysts at Arif Habib Limited said that a positive session was witnessed at the PSX during the day.
In anticipation of positive outcomes from the Prime Minister’s visit to China and the international coal prices plummeting, the bulls made a comeback after continuous dry sessions, reaching an intraday high of 568 points and giving investors much needed confidence.
READ MORE: Weekly Review: stocks to stay uncertain over PTI’s Long March
Main board volumes improved dramatically yet 3rd tier stocks continued to lead the volume board.
Sectors contributing to the performance include Technology & Communication (+131.2 points), Power Generation & Distribution (+41.8 points), Cement (+83.7 points), E&P’s (+64.7 points) and Fertilizer (+42.6 points).
READ MORE: Pakistan stocks observe bloodbath session amid political uncertainty
Volumes increased from 97.5 million shares to 192.1 million shares (+97.1 per cent DoD). The average traded value also increased by 152.6 per cent to USD 28.6 million as against USD 11.32 million.
Stocks that contributed significantly to the volumes are WTL, CNERGY, TRG, PRL and GTECH.
READ MORE: Pakistan stocks end up 63 points in range bound trading