Tag: PSX

KARACHI: Pakistan stocks likely to stay under pressure during next week owing to political unrest, analysts said.

Analysts at Arif Habib Limited said that domestic political unrest together with opposition’s planned long march against the government, is likely to keep the bourse under pressure. A key event to look out for is the OIC meeting.

READ MORE: Pakistan stocks plunge 777 points on rupee devaluation

On the international front, any de-escalation by Russia and successful negotiation with the West may push the commodity prices down, which will improve sentiment of the local bourse.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 4.7x (2022) compared to Asia Pac regional average of 12.4x while offering a dividend yield of 9.2 per cent versus 2.4 per cent offered by the region.

READ MORE: Equities slip by 168 points in range bound trading

The domestic bourse commenced on a negative note amid investor’s concerns over the outcome of probable Russia Ukraine war together with prevailing political tensions within the country

Albeit, net buying was observed mid-week as the investor’s cheered a dip in global oil prices (WTI and Brent fell below USD 100/bbl. mark) together with peace talks between Russia and Ukraine.

In particular, the cement sector remained in limelight following a decline in coal prices. Albeit, as the week neared its end, the bourse failed to sustain gains on the back of rupee weakening to its historic low, breaching the 180 mark, and resumption of surge in oil prices. The market settled at 43,030 points, losing 777 points (down by 1.42 per cent) WoW.

READ MORE: Pakistan stocks gain 256 points on easing oil prices

Sector-wise negative contributions came from i) Oil & Gas Exploration Companies (310 points), ii) Bank (127 points), iii) Technology & Communication (79 points), iv) Oil & Gas Marketing (42 points), and v) Cement (39 points). Whereas, sectors which contributed positively were i) Fertilizer (96 points), ii) Food & Personal Care Products (15 points) and iii) Leather and Tanneries (14 points). Scrip-wise negative contributors were PPL (140 points), OGDC (103 points), TRG (84 points), HBL (63 points) and MCB (43 points). Meanwhile, scrip-wise positive contribution came from FFC (91 points), EFERT (58 points) and BAHL (32 points).

READ MORE: Pakistan equities gain 353 points as oil prices ease

Foreign selling continued this week, clocking-in at USD 4.90 million compared to a net sell of USD 3.13 million last week. Major selling was witnessed in Banks (USD 6.0 million) and OMC’s (USD 0.7 million).

On the local front, buying was reported by Banks/DFIs (USD 4.4 million) followed by Companies (USD 2.9 million). Average volumes clocked-in at 174 million shares (down by 19 per cent WoW) while average value traded settled at USD 26 million (down by 32 per cent WoW).

KARACHI: Pakistan stocks plunged by 777 points on Friday owing to reasons including Pakistan Rupee (PKR) devaluation and political unrest.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,030 points as against previous day’s closing of 43,807 points, showing a decrease of 777 points.

READ MORE: Equities slip by 168 points in range bound trading

Analysts at Arif Habib Limited said that bloodbath session was witnessed today due to political unrest and devaluation of PKR against dollar.

In the first session, dull session was observed. In the second session, across the board selling was observed due to last working day of the week. Moreover, foreign activity was witnessed today due to FTSE rebalancing.

READ MORE: Pakistan stocks gain 256 points on easing oil prices

Sectors contributing to the performance include Banks (-158.3 points), Technology (-150.3 points), E&P (-140.4 points), Cement (-113.1 points) and OMC (-54.3 points).

Volumes increased from 148.5 million shares to 180.4 million shares (+21.5 per cent DoD). Traded value also increased by 113.4 per cent to reach US$ 35.4 million as against US$ 16.6 million.

READ MORE: Pakistan equities gain 353 points as oil prices ease

Stocks that contributed significantly to the volumes include WTL, GGL, KEL & PAELR3

Analysts at Topline Securities said that pressure was observed in the market on last trading session of the week, which can largely be attributed to increase in political noise where few members of the ruling party have expressed that they may vote against the PM in the upcoming no confidence vote.

READ MORE: Pakistan stocks shed 286 points on political unrest

Apart from this FTSE rebalance (SNGP, KAPCO and FCCL are excluded from FTSE Small Cap Index) added further pressure in last hours of trading, as the index declined to settle at 43,030 level (down by -1.77 per cent).

Pakistan equities experienced a dip of 168 points in a day marked by range-bound trading activities, reflecting the prevailing volatility in the market.

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KARACHI: Pakistan stocks gained 256 points on Wednesday owing to ease in oil prices in the international markets.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,976 points as against previous day’s close of 43,720 points, showing an increase of 256 points.

READ MORE: Pakistan equities gain 353 points as oil prices ease

Analysts at Topline Securities said that Pakistan equities witnessed a green day today as the KSE-100 index opened on a positive note and remained in the green zone throughout the trading hours.

This was due to opposition parties announced a couple of days delay in their protest at Islamabad, easing off on the global commodities prices front and news flow regarding dialogues between the Russia/Ukraine officials.

READ MORE: Pakistan stocks shed 286 points on political unrest

During the day, the benchmark index made an intraday high at 44,281 level (+561 points; up 1.2 per cent) before settling at 43,976 level.

Analysts at Arif Habib Limited said that green session was witnessed today due to decline in international commodity prices. Cement sector stayed in the green zone due to major drop in international coal prices.

Main board activity remained dull as investors remained cautious due to prevailing political noise. In the last trading hour, across the board buying was observed.

READ MORE: Weekly Review: market likely to stay range bound

Sectors contributing to the performance include Technology (+87.7 points), Cement (+76.1 points), Banks (+42.6 points), Textile Composite (+18.5 points) and Power (+18.1 points).

Volumes increased from 189.0 million shares to 236.5 million shares (+25.1 per cent DoD). Traded value also increased by 23.6 per cent to reach US$ 32.3 million as against US$ 26.1 million.

Stocks that contributed significantly to the volumes include FLYINGR1, WTL, TREET, TPLP AND PAELR.

READ MORE: Pakistan stocks dip 200 points on political uncertainty

KARACHI: Pakistan equities gained 353 points on Tuesday owing to decline in oil prices in the international markets.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,720 points as against previous day’s closing of 43,367 points, showing an increase of 352.93 points.

READ MORE: Pakistan stocks shed 286 points on political unrest

Analysts at Topline Securities said that Pakistan equities closed on a positive note as benchmark KSE-100 Index settled at 43,719 level (up 0.81 per cent).

Market open on a positive note over decline in international oil prices as market make an intraday high of 426 points.

Major contributors in today’s trading session were HUBC, LUCK, TRG and SYS cumulatively added 150 points in KSE100 Index further investor’s interest also witnessed in Financial sector where HBL, MCB and BAHL closed higher.

READ MORE: Weekly Review: market likely to stay range bound

Analysts at Arif Habib Limited said that another Lackluster session was observed today due to political noise. Market opened in the green zone and stayed positive throughout the day.

Main board activity continued to remain sluggish, whereas market witnessed hefty volumes in the 3rd tier stocks. In the last trading hours buying was observed across the board.

READ MORE: Pakistan stocks dip 200 points on political uncertainty

Sectors contributing to the performance include Cement (+75.9 points), Power (+68.1 points), Technology (+55.3 points), Banks (+39.5 points) and OMC’s (+26.49 points).

Volumes increased from 115.1 million shares to 189.0 million shares (+64.2 per cent DoD). Traded value also increased by 28.6 per cent to reach US$ 26.2 million as against US$ 20.3 million.

Stocks that contributed significantly to the volumes include TELE, TPLP, TREET, WTL AND SSGC.

READ MORE: Pakistan stocks gain 810 points on sharp dip in oil prices

KARACHI: Pakistan stock lost 286 points on Monday owing to ongoing political unrest in the country and higher commodity prices in the international markets.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,367 points as against 43,653 points, showing a decrease of 286 points.

READ MORE: Weekly Review: market likely to stay range bound

Analysts at Arif Habib Limited said that range bound session was observed today due to political unrest.

Market opened in the green zone and stayed volatile throughout the day. Main board activity remained dull.

On the flip-side, activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks. In the last trading hour, across the board selling was witnessed which led the index to close in the red zone.

READ MORE: Pakistan stocks dip 200 points on political uncertainty

Analysts at Topline Securities said that Pakistan equities closed on a negative note where lackluster activity has been witnessed at the bourse. Uncertainty over Local politics and higher international commodities prices kept the investor confidence in check.

Investors interest mostly witnessed in Fertilizers sector over increasing urea prices where EFERT,FFC and FFBL closed on a higher note.

READ MORE: Pakistan stocks gain 810 points on sharp dip in oil prices

PSX recorded 20-month lowest volume of 114 million shares today. Last seen on Jun 05, 2020 of 89 million shares.

Sectors contributing to the performance include E&P (-57.7 points), Banks (-56.7 points), Cement (-56.5 points), Technology (-52.2 points) and Power (-29.0 points).

READ MORE: Stocks gain 165 points on unchanged monetary policy

Volumes decreased from 149.3 million shares to 115.1 million shares (-22.9 per cent DoD). Traded value also decreased by 30.8 per cent to reach US$ 20.4 million as against US$ 29.4 million.

Stocks that contributed significantly to the volumes include FLYNGR1, PAELR3, GGL, TELE and TPLP.

KARACHI: The stock market likely stay range bound during next week owing to political uncertainties after no-confidence motion against the prime minister.

(more…)

KARACHI: Pakistan stocks declined by 200 points on Friday due to political uncertainty and high commodity prices.

The benchmark KSE-100 index closed at 43,653 points as against previous day’s closing of 43,853.62 points, showing a decrease of 200 points.

READ MORE: Pakistan stocks gain 810 points on sharp dip in oil prices

Analysts at Arif Habib Limited said that range bound session was observed today due to political unrest and overheated commodities cycle.

Market opened in the green zone and stayed volatile throughout the day.

READ MORE: Stocks gain 165 points on unchanged monetary policy

Main board activity remained gloomy. On the flip-side, activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks. In the last trading hour, across the board selling was witnessed.

Sectors contributing to the performance include Commercial Banks (-43.0 points), E&P (-42.0 points), Cement (-40.1 points), Power (-30.0 points) and OMC’s (-19.5 points).

READ MORE: KSE-100 index sheds 389 points in volatile trading

Volumes decreased from 271.9 million shares to 149.3 million shares (-45.1 per cent DoD). Traded value also decreased by 29.7 per cent to reach US$ 29.5 million as against US$ 42.0 million.

Stocks that contributed significantly to the volumes include TPLP, PAELR3, TPL, UNITY and FLYNGR1.

Analysts at Topline Securities said that range bound activity was observed at the exchange today during the first trading session, as the index juggled between positive and negative zone.

READ MORE: Pakistan stocks nosedive on world oil, political unrest

However pressure was observed in the second half of trading session, as investor preferred to reduce their exposure in the market before the weekend given ongoing local political uncertainty and volatility in commodity prices on the backdrop of Russia Ukraine armed conflict.

KARACHI: Pakistan stocks gained 810 points on Thursday owing to massive decline in international oil prices.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,854 points as against previous day’s closing of 43,043 points showing an increase of 810 points.

READ MORE: Stocks gain 165 points on unchanged monetary policy

Analysts at Arif Habib Limited said that the market opened positive and stayed in the green zone throughout the day due to decline in international commodity prices.

The oil prices in the international markets fell sharply and recorded 13 per cent decline in a single day in last two years. The oil prices remained volatile since start of Russia-Ukraine war on February 24, 2021.

Moreover, Investors opted for an accumulation across the board specially in the cement stocks. Volumes remained dull.

READ MORE: KSE-100 index sheds 389 points in volatile trading

KSE 100 index closed 810 points up, value buying was observed in the last trading hour.

Sectors contributing to the performance include Cement (+217.5 points), Commercial Banks (+199.4 points), Technology (128.1 points), Automobile Assembler (+41.5 points) and Textile Composite (+33.6 points).

READ MORE: Pakistan stocks nosedive on world oil, political unrest

Volumes increased from 183.7 million shares to 271.9 million shares (+48.0 per cent DoD). Traded value also increased by 23.6 per cent to reach US$ 42.0 million as against US$ 34.0 million.

Stocks that contributed significantly to the volumes include PAELR3, TPLP, WTL, FLYNGR1 and GGL.

READ MORE: Weekly Review: market to remain jittery

Analysts at Topline Securities said that Pakistan equities closed on a positive note where benchmark KSE100 Index settled at 43,854 level (up 1.88 per cent).

Following international markets and decline in international commodities prices, KSE100 Index opened gap up and remained positive throughout the day where market make an intraday high of 878 points, they added.