Tag: Pakistan Stock Exchange

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

KARACHI: Pakistan stocks ended positive on Monday despite political uncertainty because of long march initiated by the opposition party.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 41,264 points from last Friday’s closing of 41,140 points, showing an increase 124 points.

READ MORE: Weekly Review: stocks to stay uncertain over PTI’s Long March

Analysts at Arif Habib Limited said that despite the lack of investors’ participations a positive session was witnessed at the PSX today.

Prevailing political clatter kept the volumes dry in the main board as 3rd tier stocks continued to be the volumes leaders.

READ MORE: Pakistan stocks observe bloodbath session amid political uncertainty

Sectors contributing to the performance include Technology & Communication (46.7 points), Power Generation & Distribution (32.5 points), Cement (21.5 points), E&P’s (16.2 points) and Automobile Assembler (12.1 points).

READ MORE: Pakistan stocks end up 63 points in range bound trading

Volumes decreased from 177.7 million shares to 97.5 million shares (-45.2 per cent DoD). The average traded value also decreased by -45.9 per cent to USD 11.3 million as against USD 20.9 million.

Stocks that contributed significantly to the volumes are WTL, GTECH, SILK, KEL and CNERGY.

READ MORE: Pakistan stocks plummet on long march announcement

KARACHI: Pakistan stocks may stay uncertain during next week due to rising political noise after a long march initiated by Pakistan Tehreek I Insaaf (PTI).

Analysts at 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.

READ MORE: Pakistan stocks observe bloodbath session amid political uncertainty

Furthermore, the Prime minister’s visit to China to enhance bilateral corporation and development on CPEC cooperation might bring positive momentum in the market.

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 12.2x while offering a dividend yield of 9.8 per cent versus 3.0 per cent offered by the region.

READ MORE: Pakistan stocks end up 63 points in range bound trading

The market commenced on a positive note this week as Pakistan exited the FATF grey list after four years. The momentum shifted toward the red zone since former Prime Minister Imran Khan announced the long march plan.

Furthermore, the Pak Rupee (PKR) remained under pressure against the greenback, closing at PKR 222.47 (down by PKR 2.06 | 1 per cent WoW).

In addition to this, State Bank of Pakistan (SBP) reserves went down to $7.4 billion this week, down by $157 million compared to $7.6 billion on September 14, due to external debt repayment.

READ MORE: Pakistan stocks plummet on long march announcement

Further, Pakistan’s 5-Yr CDS crossed the 50 per cent mark during the week (the highest level since Nov’09). The market closed at 41,140 points, losing 1,073 points (down by 2.5 per cent) WoW.

Sector-wise positive contributions came from i) Fertilizer (31 points), ii) Automobile Parts (4.6 points), iii) Vanaspati (0.22 points). Whereas, sectors which contributed negatively were i) Cement (208 points), ii) Technology (162 points), iii) E&P (126 points), iv) Automobile Assemblers (106 points) and, v) Power (85 points).

Scrip-wise positive contributors were EFERT (39 points), FABL (28 points), SYS (53 points), POL (22 points) and MCB (21 points). Meanwhile, scrip-wise negative contribution came from TRG (159 points), PPL (99 points), LUCK (96 points), MTL (70 points) and PSO (67 points).

READ MORE: Pakistan equities end down 157 points amid profit taking

Foreigners buying was witnessed during this week, clocking in at $0.97 million compared to a net sell of $3.4 million last week. Major buying was witnessed in Technology ($1.0 million), E&P’s ($0.8 million) and OMC’s ($0.6 million). On the local front, selling was reported by Mutual Funds ($3.3 million) followed by Individuals ($2.4 million). Average volumes clocked in at 214 million shares (down by 6 per cent WoW) while average value traded settled at $28 million (down by 1 per cent WoW).

KARACHI: Pakistan stocks on Friday observed bloodbath session and lost 462 points owing to rising political uncertainty.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) fell to 41,140 points from previous day’s closing of 41,602 points, showing a decline of 462 points.

READ MORE: Pakistan stocks end up 63 points in range bound trading

Analysts at Arif Habib Limited said that the PSX witnessed a bloodbath session during the day. As the prevailing political clamor pushed KSE-100 to plunge by 488 points in an intraday low.

Imran Khan, the chief of Pakistan Tehreek I Insaaf (PTI), started long march towards Islamabad on Friday with an aim to remove the existing government through obtaining date of fresh elections.

READ MORE: Pakistan stocks plummet on long march announcement

The market remained under pressure throughout the day as investors opted to stay on the sideline during both sessions. Volumes in the mainboard declined whereas as decent volumes were recorded in the 3rd tier stocks.

Sectors contributing to the performance include Cement (-74.6 points), E&P’s (-74.3 points), Technology & Communication (-66.7 points), Oil & Gas Marketing Companies (-46.8 points) and Power Generation & Distribution (-39.8 points).

READ MORE: Pakistan equities end down 157 points amid profit taking

Volumes decreased from 203.5 million shares to 177.8 million shares (-12.7 per cent DoD). The average traded value also decreased by -27.2 per cent to USD 20.9 million as against USD 28.7 million.

Stocks that contributed significantly to the volumes WTL, KEL, CNERGY, FFL and PRL.

READ MORE: Stocks gain 134 points in range bound trading

KARACHI: Pakistan stocks ended up 63 points on Thursday owing to range bound trading activity witnessed during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 41,603 points from previous day’s closing of 41,540 points, showing an increase of 63 points.

READ MORE: Pakistan stocks plummet on long march announcement

Analysts at Topline Securities said that Pakistan equities closed slight positive where benchmark KSE-100 Index settled at 41,602 level (up 0.15 per cent).

Range bound activity witnessed at the bourse today where market make an intraday high of 171 points and low of 221 points.

READ MORE: Pakistan equities end down 157 points amid profit taking

Major positive contributors in today’s trading session were TRG, FABL and POL cumulatively added 89 points in KSE-100 Index, on the other hand HUBC, PPL and SEARL cumulatively dented the Index the 54 points.

On the results front, PPL announced its 1QFY23 EPS at Rs9.78, PAEL announced 3Q2022 EPS at Rs0.41, KOHC announced its 1QFY23 EPS at Rs8.89, BAHL announced its 3Q2022 EPS at Rs4.9, NML announced its 1QFY23 EPS at Rs11.8.

READ MORE: Stocks gain 134 points in range bound trading

Traded volume and value for the day stood at 203.3 million shares (down by 23 per cent) and Rs6.36 billion (down by 17.5 per cent) on DoD basis respectively. WTL was today`s volume leader with 22.93 million shares.

READ MORE: Weekly Review: market to stay positive after Pakistan exit from FATF grey list

The Pakistan Stock Exchange (PSX) witnessed a significant downturn on Wednesday, with the benchmark KSE-100 index plummeting by 650 points.

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KARACHI: Pakistan equities ended down by 157 points on Tuesday owing to profit taking observed during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 42,190 points from previous day’s closing of 42,347 points, showing a decline of 157 points.

READ MORE: Stocks gain 134 points in range bound trading

Analysts at Topline Securities said that Pakistan equities had a range bound day today.

The KSE-100 index initially opened in a green zone, made an intraday high at 42,524 (+176 points; up 0.42 per cent) where profit taking started and pushed the benchmark index towards intraday low at 42,157 (-191 points; down 0.45 per cent) before eventually settling at 42,190 (-157 points; up 0.37 per cent) for the day.

During the day, many companies announced their quarterly results including followings:

READ MORE: Weekly Review: market to stay positive after Pakistan exit from FATF grey list

FFBL: FFBL: 3Q2022 EPS at Rs -0.46 vs. Rs3.11 in 3Q2021 – Earnings lower than expectations – Dividend: NIL

OGDC: 1QFY23 EPS at Rs12.39 (+58 per cent YoY & +145 per cent QoQ); Earnings higher than industry expectations – Dividend: 1.75

DGKC: 1QFY23 EPS at Rs0.9 (-57 per cent YoY); Earnings lower than industry expectations – Dividend: NIL

POL: 1QFY23 EPS at Rs29.59 (+60 per cent YoY & +0 per cent QoQ); Earnings in line with industry expectations – Dividend: NIL

READ MORE: Pakistan stocks trade range bound amid PTI chief disqualification

During the day, Power, Fertilizer & E&P sector stocks contributed positively to the index where HUBC, DAWH, POL, EFERT & ENGRO added 100 points, cumulatively.

On the flip side, TRG, SYS and DGKC have witnessed some profit taking as they lost 118 points collectively, today.

Around 195 million shares traded today at the bourse while total value clocked in at Rs 6.2 billion. HASCOL led the volumes chart today with trading of 35.2 million shares in it.

READ MORE: Stocks end down as rupee fall erodes confidence

KARACHI: Pakistan stocks gained 134 points on Monday as the market traded in a range bound session.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 42,347 points from last Friday’s closing of 42,213 points, showing an increase of 134 points.

READ MORE: Weekly Review: market to stay positive after Pakistan exit from FATF grey list

Analysts at Arif Habib Limited said that the benchmark KSE-100 index witnessed a range bound session during the day.

Despite having an astounding news that Pakistan has been taken off from the “grey list” of the Financial Action Task Force (FATF), the PSX was unable to capitalize from it because of political upheaval as investor’s participation remained sideways.

READ MORE: Pakistan stocks trade range bound amid PTI chief disqualification

The mainboard had reasonable volumes, although the top volume leaders remained the third-tier stocks.

Sectors contributing to the performance include Technology & Communication (46.9 points), Fertilizer (40.9 points), E&P’s (24.4 points), Power Generation & Distribution (22.6 points) and Automobile Parts & Accessories (7.2 points).

READ MORE: Stocks end down as rupee fall erodes confidence

Volumes decreased from 289.6 million shares to 226.7 million shares (-21.7 per cent DoD). The average traded value also dereased by -22.9 per cent to USD 27.5 million as against USD 35.6 million.

Stocks that contributed significantly to the volumes are WTL, DFML, PRL, HASCOL and TRG.

READ MORE: Stocks gain 387 points as trade deficit narrows

KARACHI: The stock market is likely to trade in positive territory during next week owing to Pakistan’s exit from the grey list of Financial Action Task Force (FATF).

Analysts at Arif Habib Limited said that the market is expected to remain positive in the upcoming week as the participants will celebrate the removal of Pakistan from FATF’s grey list.

Furthermore, in case of materialization of inflow of $1.5 billion from Asian Development Bank (ADB), the market will respond positively. However, the political noise will keep the market in check.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 4.1x (2023) compared to Asia Pac regional average of 12.2x while offering a dividend yield of 9.8 per cent versus 3.0 per cent offered by the region.

The market commenced on a negative note this week amid hustle and bustle in the political arena. Furthermore, the Pakistani Rupee remained under pressure against the greenback, closing at PKR 220.84 (down by PKR 2.41 | 1 per cent WoW).

READ MORE: Pakistan stocks trade range bound amid PTI chief disqualification

Furthermore, the foreign exchange reserves of State Bank of Pakistan (SBP) remained unchanged at $7.6 billion this week. In addition to this, the Foreign Direct Investment (FDI) declined by 47 per cent YoY during the first quarter of fiscal year 2022/2023.

The momentum shifted towards the green zone since the current account deficit narrowed by 72.5 per cent YoY to $316 million during September 2022 (lowest since April 2021).

Furthermore, a statement from the USA showing confidence in Pakistan’s nuclear energy strengthened the sentiment.

Moreover, a loan worth $1.5 billion from ADB was finalized during the week, which kept the momentum strong. The market closed at 42,213 points, gaining 265 points (up by 0.63 per cent) WoW.

Sector-wise positive contributions came from i) Fertilizer (112 points), ii) Power (82 points), iii) E&Ps (49 points), iv) Banks (37 points) and v) Tobacco (31 points). Whereas, sectors which contributed negatively were i) Technology (40 points), and ii) Chemical (28 points).

READ MORE: Stocks end down as rupee fall erodes confidence

Scrip-wise positive contributors were HUBC (80 points), ENGRO (77 points), MARI (51 points), POL (44 points) and MTL (40 points). Meanwhile, scrip-wise negative contributions came from PPL (31 points), PSO (26 points), SYS (19 points), TRG (18 points) and EPCL (16 points).

Foreigners selling was witnessed during this week, clocking in at $3.4 million compared to a net buy of $12.3 million last week. Major selling was witnessed in Commercial Banks ($1.9 million), Technology ($1.1 million) and All Other Sectors ($0.9 million). On the local front, buying was reported by Individuals ($5.4 million) followed by Broker Proprietary Trading ($0.9 million).

Average volumes clocked in at 228 million shares (down by 14 per cent WoW) while average value traded settled at $28 million (down by 35 per cent WoW).

READ MORE: Stocks gain 387 points as trade deficit narrows

KARACHI: Pakistan stocks remained traded in range bound on Friday owing to disqualification of PTI chief by the Election Commission.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 42,213 points from previous day’s closing of 42,137 points, showing a gain of 76 points.

READ MORE: Stocks end down as rupee fall erodes confidence

Analysts at Topline Securities said that KSE 100 Index largely remained range bound during the trading hours as the index gained to make an intraday high of 108 points and intraday low of -343 points to finally close at 42,214 level.

READ MORE: Stocks gain 387 points as trade deficit narrows

Market opened on a negative note in second half of trading session on news that election Commission of Pakistan (ECP) has disqualified PTI chief Imran Khan for making false statements and incorrect declaration, triggering protests in various cities, however value buying came in closing hours of the trade as index managed to close in the green zone.

READ MORE: Pakistan stocks make gains on positive US nuke statement

Major contribution to the index came from HUBC, ENGRO, MCB, MARI & RMPL, as they cumulatively contributed 98.3 points to the index, on the flip side PSO, FFC, FATIMA, MTL & UBL lost value to weigh down on the index by 42 points.

Traded volume and value for the day stood at 290 million shares and Rs.7.87 billion respectively. WTL was today`s volume leader with 31 million shares.

READ MORE: Stocks end down by 193 points on political unrest