Tag: PSX

KARACHI: The stock market gained 139 points on Tuesday in weak sentiments on falling rupee value.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 42,001 points as compared with previous day’s closing of 41,862 points, showing a gain of 139 points.

READ MORE: Pakistan stocks shed 86 points in range bound trading

Analysts at Arif Habib Limited said another range bound session was witnessed at the PSX today. The market opened in positive zone and continued to trade in a consolidated range as investor’s participation remained dull throughout the day due to weakening Pak rupee against US dollar. However, in the last trading hour value buying was noticed.

READ MORE: Weekly Review: market to stay range bound on inflation concerns

The Index closed at 42,001.34 points, up by 139.05 points (+0.33 per cent DoD). Sectors contributing to the performance include Banks (+75.0 points), Automobile Assemblers (+35.7 points), Cements (+33.5 points), Power (+22.0 points) and Textile (+8.5 points).

READ MORE: Pakistan stocks end up 123 points in range bound activity

Volumes decreased from 161.5 million shares to 118.5 million shares (-26.6 per cent DoD). Average traded value also decreased by 33.3 per cent to reach US$ 16.7 million as against US$ 25.2 million.

Stocks that contributed significantly to the volumes are HASCOL, KEL, QUICE, JSBL and WTL.

READ MORE: Pakistan stocks gain 59 points in lackluster trading

KARACHI: Pakistan stocks recorded a decline of 86 points on Monday in range bound trading during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) fell to 41,862 points from last Friday’s closing of 41,948 points, showing a decline of 86 points.

READ MORE: Weekly Review: market to stay range bound on inflation concerns

Analysts at Arif Habib Limited said that the range bound session was witnessed at the PSX today due to mounting inflation, economic and political concerns.

No materialization of funds from friendly nations kept sentiments in check.

READ MORE: Pakistan stocks end up 123 points in range bound activity

The benchmark KSE-100 index observed a volatile session as investors opted to remain sideways due to continuous fleet of US dollar against Pak rupee. Value traded leaders were TRG, ICI and AVN.

Sectors contributing to the performance include Cement (-28.5 points), Food & Personal Care (-18.4 points), Chemicals (-17.0 points), Fertilizers (-15.4 points) and Investment Banks (-14.5 points).

READ MORE: Pakistan stocks gain 59 points in lackluster trading

Volumes increased from 146.6 million shares to 161.4 million shares (+10.1 per cent DoD). Average traded value decreased by 18.2 per cent to reach $ 25.4 million as against $ 31.0 million.

Stocks that contributed significantly to the volumes were TRG, SCBPL, KEL and CENERGY.

READ MORE: Pakistan stocks shed 94 points on PKR depreciation

KARACHI: Stock market likely to stay range bound during the next week owing to rising inflation concerns and rupee depreciation.

KARACHI: Pakistan stocks remained range bound on Friday and ended the week with a gain of 123 points.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 41,948 points from previous day’s closing of 41,825 points, showing a gain of 123 points.

READ MORE: Pakistan stocks gain 59 points in lackluster trading

Analysts at Ismail Iqbal Securities said that Pakistan equities remained range bound today and closed positive.

Market largely traded in the positive zone during the trading session, where index gained to make an intraday high of 275 points and finally settled at 41,986 level (up by 0.29 per cent), analyst at Topline Securities said.

READ MORE: Pakistan stocks shed 94 points on PKR depreciation

Major contribution to the index came from TRG, POL, FFC, MEBL and PAKT, as they cumulatively contributed 125 points to the index.

KAPCO in the power sector garnered investor interest after its notice to the exchange in which it disclosed that its Power Purchase Agreement (PPA) has been extended till September 21, 2024, where around 12.8 million shares of the company exchanged hands and it closed 1.5 per cent higher from its previous day close.

READ MORE: Pakistan stocks end flat amid rupee depreciation

Increased participation was observed in the market as traded volume and value for day stood at 146 million shares (up by 34 per cent on DoD basis) and Rs7.11 billion (up by 62 per cent on DoD basis) respectively.

TRG led the volumes at the exchange with 15 million shares.

READ MORE: Pakistan stocks plunge by 450 points on GDP forecast

KARACHI: Pakistan stocks on Thursday ended with a gain of 59 points in lackluster trading session.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 41,825 points from previous day’s closing of 41,766 points, showing a gain of 59 points.

READ MORE: Pakistan stocks shed 94 points on PKR depreciation

Analysts at Arif Habib Limited said that another slow session was witnessed at PSX today as rupee continued its devaluation against US dollar.

The exchange rate recorded a decline of Rs2 to end at Rs225.42 against the dollar on September 8, 2022 at interbank foreign exchange market.

READ MORE: Pakistan stocks end flat amid rupee depreciation

The market continued to trade sideways after opening in the positive zone although economic and political unrest kept the investors on the sideline.

Volumes remained dry across the main board however value buying was recorded in the last trading hour.

Sectors contributing to the performance include Cement (+96.5 points), Technology (+20.8 points), Textile (+9.7 points), Chemical (+9.2 points) and Glass & Ceramics (+6.5 points).

READ MORE: Pakistan stocks plunge by 450 points on GDP forecast

Volumes increased from 92.9 million shares to 108.7 million shares (+17.0 per cent DoD). Average traded value also increased by 39.1 per cent to reach US$ 19.5 million as against US$ 14.0 million.

Stocks that contributed significantly to the volumes are MLCF, LOTCHEM, HASCOL, PIOC and FFL.

READ MORE: Weekly Review: investors to remain cautious over socio-economic situation

KARACHI: Pakistan stocks declined by 94 points on Wednesday due to continuous depreciation in value of Pakistani Rupee (PKR) against the dollar.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 41,766 points from previous day’s closing of 41,860 points, showing a decline of 94 points.

READ MORE: Pakistan stocks end flat amid rupee depreciation

Analysts at Arif Habib Limited said that the PSX observed a range bound session today due to continuous depreciation of PKR against US dollar.

The local currency witnessed a continuous decline against the greenback. The rupee ended at Rs223.42 to the dollar at interbank closing on September 7, 2022.

READ MORE: Pakistan stocks plunge by 450 points on GDP forecast

The analysts said that the benchmark KSE-100 index despite opening in the positive zone failed to continue the momentum as investors’ participation remained sluggish that led the index to close in the red zone.

Volumes continued to decline in the main board although decent volumes were observed in the 3rd tier stocks.

READ MORE: Weekly Review: investors to remain cautious over socio-economic situation

Sectors contributing to the performance include Fertilizer (-32.8 points), Banks (-21.3 points), Technology (-17.5 points), Cement (-16.8 points) and E&P’s (-16.3 points).

Volumes decreased from 187.3 million shares to 92.9 million shares (-50.4 per cent DoD). Average traded value also decreased by 21.4 per cent to reach US$ 14.1 million as against US$ 18.0 million.

Stocks that contributed significantly to the volumes are HASCOL, PRL, CNERGY, UNITY and TPLP.

READ MORE: Pakistan stocks shed 151 points in range bound trading

KARACHI: Pakistan stocks ended flat on Tuesday as the continuous depreciation of the Pakistani Rupee (PKR) against the US Dollar weighed heavily on investor sentiment.

KARACHI: Pakistan stocks plunged by 450 points on Monday over downward revision in GDP growth and concerns over high inflation.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 41,859 points from last Friday’s closing of 42,309 points, showing a decline of 450 points.

READ MORE: Weekly Review: investors to remain cautious over socio-economic situation

Analysts at Arif Habib Limited said that the market witnessed bloodbath session today due to concerns over inflation and growth rate due to prevailing flood crisis.

The Planning Commission has forecast the GDP would be around 2.3 per cent in the current fiscal year as compared with the actual target of 3.5 per cent.

READ MORE: Pakistan stocks shed 151 points in range bound trading

The market opened in the positive zone but profit taking was witnessed throughout the day. The volumes remained dull across the main board on the contrary, hefty volumes were observed in the 3rd tier stocks.

Sectors contributing to the performance include Banks (-68.1 points), Technology (-67.1 points), Cement (-56.3 points), Fertilizer (-48.0 points) and Power (-38.2 points).

READ MORE: Pakistan stocks end in green as SBP gets IMF tranche

Volumes decreased from 160.1 million shares to 156.8 million shares (-2.1 per cent DoD). Average traded value also decreased by 5.7 per cent to reach US$ 19.9 million as against US$ 21.1 million.

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

READ MORE: Stocks end up 156 points amid political noise

KARACHI: Investors of Pakistan stocks may remain cautious over the ongoing socio-economic situation in the country.

Analysts at Arif Habib Limited said that following the disbursement of tranche by the IMF, government is expected to unlock further foreign economic assistance from various international creditors in addition to flood relief aid from friendly countries and other financial institutions.

READ MORE: Pakistan stocks shed 151 points in range bound trading

However, investor will remain cautious given the current overall socio-economic situation of the country. Albeit, the analysts expect the market to be range bound in the upcoming week.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 4.2x (2023) compared to Asia Pacific regional average of 12.5x while offering a dividend yield of 9.6 per cent versus 2.7 per cent offered by the region.

In the outgoing week, the market remained jittery and showed a mixed trend. It commenced on a negative note amid concerns over the flood crisis and its overall impact on the economy.

READ MORE: Pakistan stocks end in green as SBP gets IMF tranche

However, the market soon recovered following the approval and subsequent disbursement of USD 1.17bn tranche from the IMF to Pakistan. As a result, Pak Rupee strengthened against the greenback, closing the week at PKR 218.98, up by PKR 1.68|0.8 per cent WoW.

The bullish trend was short-lived as the announcement of inflation number for the month of Aug’22 (a 47-year high), changed the overall sentiment of the market.

In addition, trade numbers released during the week too dampened the overall sentiment as it posted a 29 per cent MoM jump in August 2022. The market closed at 42,309 points, shedding 282 points (down by 0.7 per cent) WoW.

READ MORE: Stocks end up 156 points amid political noise

Sector-wise negative contributions came from i) Banks (118 points), ii) E&P (90 points), iii) Automobile Assembler (61 points), iv) Miscellaneous (40 points) and v) Textile Composite (31 points). Whereas, sectors which contributed positively were i) Cement (110 points), and ii) Leather & Tanneries (25 points).

Scrip-wise negative contributors were HBL (73 points), TRG (47 points), PSEL (41 points), ENGRO (39 points) and POL (36 points). Meanwhile, scrip-wise positive contribution came from SYS (76 points), EFERT (48 points), KOHC (32 points), FABL (31 points) and SRVI (25 points).

READ MORE: Pakistan stocks plunge despite IMF program revival

Foreigners selling continued this week, clocking in at USD 0.74 million compared to a net sell of USD 1.87 million last week. Major selling was witnessed in Commercial Banks (USD 1.8 million) and Power (USD 0.8 million).

On the local front, buying was reported by Banks/DFIs (USD 3.0 million) followed by Individuals (USD 2.4 million). Average volumes clocked in at 211 million shares (down by 15 per cent WoW) while average value traded settled at USD 31 million (down by 15 per cent WoW).