Tag: Pakistasn Stock Exchange

Karachi, August 29, 2023 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) experienced a substantial decline of 708 points during a bearish trading session on Tuesday.

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KARACHI: The stock market gained 220 points on Monday as major scrips contributed positively after expectation of better financial results.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 46,088 points as against the closing of last Friday 45,868 points, showing an increase of +220 points.

Analysts at Arif Habib Limited said that the market opened on a positive note today, which is also the first day of the rollover week.

Cement, Engineering (Steel), Power and O&GMCs contributed positively to the Index, in anticipation of better financial results of the outgoing quarter.

Technology stocks also contributed positively to the Index. Scrips that have high weightage in Futures contract subject to rollover traded in the positive zone, especially TRG and Netsol.

Among scrips, KEL topped the volumes with 36.6 million shares, followed by UNITY (35.9 million) and TRG (29.8 million). 

Sectors contributing to the performance include Technology (+96 points), Cement (+49 points), Pharma (+45 points), Fertilizer (+38 points) and Power (+22 points).

Volumes increased from 430.6 million shares to 470.1 million shares (+9 percent DoD). Average traded value also increased by 33 percent DoD to reach US$ 130.9 million as against US$ 98.4 million.

Stocks that contributed significantly to the volumes include KEL, UNITY, TRG, ANL and FFL, which formed 31 percent of total volumes.

Stocks that contributed positively to the index include TRG (+85 points), HUBC (+20 points), ANL (+17 points), UNITY (+17 points) and FFC (+17 points). Stocks that contributed negatively include HBL (-24 points), DAWH (-17 points), OGDC (-15 points), UBL (-13 points) and MEBL (-12 points).

KARACHI: The stock market gained 16 points on Monday while trading in narrow range.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,284 points as against 33,268 points showing an increase of 16 points.

Market traded in a narrow range between +48 points and -142 points, closing the session +16 points. Banking sector traded in the negative zone, and similar activity was observed in Cement and E&P.

All eyes are set on MSCI rebalancing and Monetary Policy rate cut, of which MSCI is scheduled to announce decision on May 12, whereas SBP is also expected to take the decision on Policy rate during the ongoing week. Side board scrips came in the limelight today and contributed to the volumes, including WTL, HUMNL, UNITY and TRG.

Pharma stocks, FEROZ and SEARL also reacted to possible non-exclusive engagement with Gilead for manufacturing Coronavirus drug Remdesivir and performed well on the bourse.

Technology stocks contributed 94.2 million shares to the index, followed by O&GMCs (16.5 million) and Vanaspati (15.1 million). Among scrips, WTL topped with 62.4 million shares, followed by TRG (15.8 million) and UNITY (15.1 million).

Sectors contributing to the performance include Pharma (+23 points), Technology (+12 points), Insurance (+8 points), Power (-10 points) and E&P (-10 points).

Volumes increased from 88 million shares to 198.2 million shares (+125 percent DoD). Average traded value also increased by 15 percent to reach US$ 27.4 million as against US$ 23.9 million.

Stocks that contributed significantly to the volumes include WTL, TRG, UNITY, HASCOL and HUMNL, which formed 56 percent of total volumes.

Stocks that contributed positively to the index include SEARL (+12 points), SNGP (+10 points), TRG (+7 points), AICL (+6 points) and GLAXO (+6 points). Stocks that contributed negatively include HUBC (-12 points), PPL (-7 points), HBL (-4 points), PSO (-4 points), and OGDC (-4 points).

KARACHI: The stock market plunged by 492 points on Monday as energy scrips remained under pressure owing to slide in international oil prices. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 32,315 points as against 32,806 points showing a decline of 492 points.

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KARACHI: The share market fell by 1,000 points on Monday despite announcement in cut of international oil production.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 31,033 points as against 32,03 points showing a decline of 1000 points.

Analysts at Arif Habib Limited said that the market headed south today on the back of negative development on OPEC+ deal, which although announced hefty production cuts, but still not enough to meet the global oil demand.

Another key trigger awaited by Oil & gas scrips were the announcement of Official Selling Price (OSP) by Saudi Aramco, which was already delayed by a week for reasons of disagreement on production cuts among OPEC, NOPEC and G20 countries.

The OSP announcement came by the end of session, during MoC, and saw selling activity on KSE100 increased further.

Early on, the index bore significant selling pressure in HUBC, which hit lower circuit after realizing trade of around 2.7 million shares and maintained lower circuit by close of session.

Besides, oil & gas scrips, selling activity was observed almost across the board in Cement and Banking sector scrips as well. Cement sector continued the lead in terms of trading volumes with 39.7 million shares, followed by O&GMCs (21.8 million) and Power (14 million).

Among scrips, HASCOL topped the volumes with 16.9 million shares, followed by MLCF (12.7 million) and PAEL (8.2 million).

Sectors contributing to the performance include Banks (-253 points), Power (-148 points), Cement (-110 points), Fertilizer (-107 points and E&P (-93 points).

Volumes increased from 127.1 million shares to 153.8 million shares (+21 percent DoD). Average traded value also increased by 14 percent to reach US$ 34.4 million as against US$ 30.1 million.

Stocks that contributed significantly to the volumes include HASCOL, MLCF, PIOC, PAEL and TRG, which formed 35 percent of total volumes.

Stocks that contributed positively to the index include SYS (+6 points), JLICL (6 points), IDYM (+3 points), MUREB (+1 points) and ARPL (+1 points). Stocks that contributed negatively include HUBC (-126 points), ENGRO (-57 points), UBL (-51 points), HBL (-49 points), and NESTLE (-42 points).

KARACHI: The stock market fell by 153 points on Tuesday as the last day of 2019 while trading in narrow range during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,735 points as against 40,888 points showing a decline of 153 points.

Analysts at Arif Habib Limited said that the market traded in a narrow range throughout the session with index swinging +110 points to -199 points.

Similar to yesterday, market maintained a slow pace with continued selling pressure in Banks and Oil chain. Cement sector also faced selling.

Overall, the benchmark index returned 10 percent over the year and managed to close the year above 40,000 level. Power sector led the volumes with 22.5 million shares, followed by Vanaspati (21.5 million) and Banks (19.3 million).

Among scrips, UNITY registered trading volume of 21.5 million, followed by KEL (13.8 million) and FFL (10.2 million).

Sectors contributing to the performance include Banks (-17 points), E&P (-32 points), Inv Banks (-19 points), Autos (-11 points), Power (+17 points), Technology (+10 points).

Volumes increased from 165.8 million shares to 177.1 million shares (+7 percent DoD). Average traded value also increased by 7 percent to reach US$ 45.7 million as against US$ 42.8 million.

Stocks that contributed significantly to the volumes include UNITY, KEL, FFL, SILK and HASCOL, which formed 34 percent of total volumes.

Stocks that contributed positively include FFC (+34 points), KAPCO (+7 points), HUBC (+7 points), INIL (+7 points) and SHEL (+6 points). Stocks that contributed negatively include ENGRO (-44 points), UBL (-36 points), HBL (-32 points), DAWH (-19 points), and PPL (-17 points).