Tag: PSX

KARACHI: Pakistan stocks ended down by 305 points on Thursday in dull trading activity during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) fell to 43,033 points from previous day’s closing of 43,338 points, showing a decline of 305 points.

READ MORE: Pakistan stocks end flat to 43,338 points

Analysts at Arif Habib Limited said that the market was remained range bound throughout the day owing to concerns over rising inflation and political noise.

The benchmark KSE-100 index opened in the positive zone but dull activity was observed. In the last trading hour, profit taking was witnessed across the board which dragged the index in the red zone.

READ MORE: Pakistan stocks gain 540 points on unchanged policy rate

Volumes remained dry in the main board although hefty volumes were witnessed in the 3rd tier stocks.

Sectors contributing to the performance include Power (-142.4 points), Fertilizer (-32.0 points), E&P’s (-28.4 points), Banks (-27.6 points) and Technology (-25.0 points).

READ MORE: Pakistan equities fall by 444 points on political noise

Volumes decreased from 256.5 million shares to 208.1 million shares (-18.9 per cent DoD). Average traded value also decreased by 11.0 per cent to reach US$ 35.5 million as against US$ 39.9 million.

Stocks that contributed significantly to the volumes are WTL, HASCOL, PIAA, TELE and HUBC.

READ MORE: Weekly Review: monetary policy decision likely to dictate market

KARACHI: Pakistan stocks ended flat on Wednesday as range bound trading activities observed during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 43,338 points from previous day’s closing of 43,367 points, showing a decline of 29 points.

READ MORE: Pakistan stocks gain 540 points on unchanged policy rate

Analysts at Arif Habib Limited said that a range bound session was observed in the market today due to roll-over week.

The benchmark KSE-100 index opened in the positive zone but sluggish activity was witnessed throughout the day.

READ MORE: Pakistan equities fall by 444 points on political noise

In the last trading hour profit taking was observed which led the index to close in the red zone.

Volumes remained dry in the main board although healthy volumes were witnessed in the 3rd tier stocks.

Sectors contributing to the performance include Cement (-43.8 points), Misc. (-43.5 points), Inv Banks (-19.1 points), Textile Composite (-12.2 points) and E&P (-12.1 points).

READ MORE: Weekly Review: monetary policy decision likely to dictate market

Volumes decreased from 324.4 million shares to 256.5 million shares (-20.9 per cent DoD). Average traded value also decreased by 9.4 per cent to reach US$ 40.1 million as against US$ 44.2 million.

Stocks that contributed significantly to the volumes are HASCOL, KEL, PIAA, BAFL and TPLP.

READ MORE: Weekly Review: stock market likely to move in positive zone

KARACHI: Pakistan stocks gained 540 points on Tuesday as investors posed confidence on central bank’s decision to leave policy rate unchanged.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 43,367 points from previous day’s closing of 42,827 in the interbank foreign exchange market.

READ MORE: Pakistan equities fall by 444 points on political noise

Analysts at Arif Habib Limited said that the stock market witnessed a bullish session today.

The benchmark KSE-100 index traded in the green zone throughout the day as investors’ confidence boosted due to policy rate being unchanged, they added.

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) a day earlier decided to keep the policy rate unchanged at 15 per cent.

READ MORE: Weekly Review: monetary policy decision likely to dictate market

Cement sector remained in the limelight. Hefty volumes were witnessed in the main board and 3rd tier stocks.

The Index closed at 43,366.78 points, up by 540.1 points (+1.26 per cent DoD). Sectors contributing to the performance include Fertilizer (+124.8 points), Cement (+121.7 points), E&P’s (72.2 points), Technology (+62.2 points) and Banks (+43.9 points).

READ MORE: Weekly Review: stock market likely to move in positive zone

Volumes increased from 194.7 million shares to 324.4 million shares (+66.7 per cent DoD). Average traded value also increased by 81.1 per cent to reach US$ 44.4 million as against US$ 24.5 million.

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

READ MORE: Weekly Review: market likely to continue positive sentiments

KARACHI: Pakistan equities have declined by 444 points on Monday owing to rising political noise in the country.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 42,826 points from last Friday’s closing of 43,270 points, showing a decline of 444 points.

READ MORE: Weekly Review: monetary policy decision likely to dictate market

Analysts at Topline Securities said that Pakistan equities had a bearish day on the back of increasing political noise as news flow regarding possible arrest of top leadership of PTI (an opposition to the ruling alliance) since last night.

In addition to this, Monetary Policy Statement is scheduled to announce in the evening today where the Central Bank of Pakistan is expected to maintain interest rate at 15 per cent as reflected in the Topline survey conducted earlier this month.

READ MORE: Weekly Review: stock market likely to move in positive zone

During the session, the benchmark index made an intraday high at 43,314 (+44 points; up 0.10 per cent) and an intraday low at 42,788 (-483 points; down 1.1 per cent) before eventually settled at 42,827 (-444points; down 1.03 per cent) for the day.

Banks, E&P and Tech sector stocks contributed negatively to the index where PSEL, HBL, OGDC, UBL & SYS lost 154 points, cumulatively.

READ MORE: Weekly Review: market likely to continue positive sentiments

On the flip side, POL, DAWH and IDNU have witnessed some buying interest as they added 32 points collectively, during the day.

Over 195 million shares traded today at the bourse while total value clocked in at Rs5.3 billion. PRL led the volumes chart today with trading of 17.5 million shares in it, today.

READ MORE: Pakistan stocks up 671 points on continuous rupee gain

KARACHI: The upcoming monetary policy decision scheduled for August 22, 2022 likely to dictate the stock market during the next week.

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KARACHI: Pakistan Stocks ended down by 211 points on Friday as market witnessed dull trading and investors preferred profit taking during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 43,270 points from previous day’s closing of 43,481 points, showing a decline of 211 points.

READ MORE: Pakistan stocks fall 195 points in range bound trading

Analysts at Arif Habib Limited said that the market remained under pressure throughout the day as investors opted for profit taking.

“Activity remained dull in the first session due to lack of any trigger. In the second session, profit taking was witnessed across the board which led the index to close in the red zone,” the analysts added.

READ MORE: Pakistan stocks gain 240 points amid profit taking

Refinery sector remained in the limelight. Main board volumes stayed dull whereas hefty volumes were observed in the 3rd tier stocks.

Sectors contributing to the performance include Banks (-81.6 points), Cement (-56.4 points), Power (-33.3 points), Tobacco (-11.2 points) and E&P (-10.3 points).

READ MORE: Stocks shed 185 points amid profit taking

Volumes decreased from 621.2 million shares to 306.2 million shares (-50.7 per cent DoD). Average traded value also decreased by 39.1 per cent to reach US$ 29.8 million as against US$ 48.9 million.

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

READ MORE: Pakistan stocks gain 764 points on Saudi help reports

KARACHI: Pakistan stocks ended lower on Thursday as the benchmark KSE-100 index shed 195 points, closing at 43,481 compared to the previous day’s closing of 43,676 points.

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KARACHI: Pakistan stocks gained 240 points on Wednesday despite profit taking observed during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 43,676 points from previous day’s closing of 43,436 points, showing a gain of 240 points.

READ MORE: Stocks shed 185 points amid profit taking

Analysts at Arif Habib Limited said that the stock marked observed a positive session during the day.

The KSE-100 index opened in the green zone but investors opted for profit taking in the1st trading hour.

Banking sector remained in the limelight due to major result announcements.

READ MORE: Pakistan stocks gain 764 points on Saudi help reports

Value buying was observed in the last trading hour which led the index to close in the green zone.

Sectors contributing to the performance include Technology (+116.2 points), Cement (+97.2 points), Power (+38.1 points), Engineering (+16.1 points) and Fertilizer (+13.6 points).

READ MORE: Weekly Review: stock market likely to move in positive zone

Volumes increased from 518.0 million shares to 608.0 million shares (+17.4 per cent DoD). Average traded value decreased by 31.4 per cent to reach US$ 51.8 million as against US$ 75.8 million.

Stocks that contributed significantly to the volume are KEL, WTL, HASCOL, PIA and FLYNG.

READ MORE: Weekly Review: market likely to continue positive sentiments