Tag: PSX

KARACHI: The stock market likely to stay range bound during next week due to geopolitical situation after Russia-Ukraine tensions.

Analysts at Arif Habib Limited said that any de-escalation in Russia-Ukraine tensions could propel a rebound in global markets.

Until geopolitical dust settles, we expect range bound activity to prevail in the market.

READ MORE: Pakistan Stocks gain 154 points, follow global markets

The market participants also remain wary of high commodity prices so any indication of oil prices cooling down would also the aid the sentiment in the local bourse.

Keeping in view the ongoing result season, certain sectors and scrips are expected to stay under limelight.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 4.9x (2022) compared to Asia Pacific regional average of 13.5x while offering a dividend yield of 8.9 per cent versus 2.4 per cent offered by the region.

READ MORE: Pakistan stocks shed 1,302 points on Russia-Ukraine war

In the week commencing February 21, 2022, KSE-100 index remained in the red zone slashing 313 points, mainly owing to investor concern over geopolitical tensions between Russia and Ukraine, which tossed global crude oil prices to above USD 100/bbl.

Other concerns such as the FATF’s decision together with selling spree during the ongoing roll over week, also kept the index under pressure.

Moreover, announcement of incentives worth Rs 1 billion for the IT sector triggered buying mid-week, albeit, the positive momentum could not sustain for long as the market plummeted over the noise of Russia’s military attack on Ukraine.

READ MORE: Equity market gains 121 points in volatile trading

The market closed at 43,984 points, shedding 1,692points (down by 3.7 per cent) WoW.

Sector-wise negative contributions came from i) Technology & Communication (342 points), ii) Commercial Banks (243 points), iii) Cement (222 points), iv) Oil & Gas Exploration Companies (146 points), and v) Fertilizer (127 points).

Whereas, sectors which contributed positively were i) Automobile Assembler (18 points), ii) Real Estate Investment Trust (10 points) and iii) Tobacco (9 points). Scrip-wise negative contributors were TRG (201 points), LUCK (133 points), SYS (109 points), HBL (100 points) and PPL (76 points). Meanwhile, scrip-wise positive contribution came from UBL (46 points), MTL (23 points) and HMB (16 points).

READ MORE: Stocks plunge 351 points on high international oil prices

Foreign selling continued this week, clocking-in at USD 3.2 million compared to a net sell of USD 1.97 million last week. Major selling was witnessed in Cement (USD 2.1 million) and Technology (USD 1.7 million).

On the local front, buying was reported by Banks (USD 0.6 million) followed by All other sectors (USD 0.5 million). Average volumes clocked-in at 229 million shares (up by 20 per cent WoW) while average value traded settled at USD 38 million (up by 29 per cent WoW).

READ MORE: Equities shed 313 points in lackluster trading

KARACHI: Pakistan stocks gained 154 points on Friday after following the global markets traded in positive zone.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 43,984 points as compared with previous day’s closing of 43,830 points, showing an increase of 154 points.

READ MORE: Pakistan stocks shed 1,302 points on Russia-Ukraine war

Analysts at Topline Securities said that in line with International markets KSE-100 Index traded in positive zone for the most part of trading session.

Major contribution to the index came from FFC, MEBL, ENGRO, PAKT and UNITY, as they cumulatively contributed 114 points to the index.

READ MORE: Equity market gains 121 points in volatile trading

On the flip side NBP, PPL, TRG, OGDC and MCB lost value to weigh down on the index by 107 points.

Traded volume and value for the day stood at 241 million shares (down by 31 per cent DoD) and Rs.6.73 billion (down by 23 per cent DoD) respectively.

READ MORE: Stocks plunge 351 points on high international oil prices

WTL was today`s volume leader with 33 million shares. INDU in automobile sector declared its 2QFY22 result announcement in which posted EPS of Rs.60.43 and interim DPS of Rs.30, which was in line with industry expectation.

PPL in the E&P sector also declared its 2QFY22 result in which posted PPL EPS of 5.41 and interim DPS of Rs.1.5, which was lower than industry estimate due to higher share of losses from associates.

READ MORE: Equities shed 313 points in lackluster trading

KARACHI: Pakistan stocks fell by 1,302 points on Thursday owing to war of aggression between Ukraine and Russia.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 43,831 points from previous day’s closing of 45,133 points, showing a decline of 1,302 points.

READ MORE: Equity market gains 121 points in volatile trading

Analysts at Topline Securities said that Pakistan equities witnessed blood bath today as benchmark KSE-100 Index settled at 43,831 level (down 2.89 per cent).

Anticipation of “War of aggression” between Ukraine and Russia led the market to open sideways where market make an intraday low of 1,341 points.

READ MORE: Stocks plunge 351 points on high international oil prices

Major negativity in today’s trading session came from HBL, LUCK, SYS, TRG and ENGRO cumulatively dented the Index by 381 points.

On the results front, HBL announced its 4Q2021 earnings per share at Rs5.7 along with dividend par share – Rs2.25.

READ MORE: Equities shed 313 points in lackluster trading

Traded volume and value for the day increased by 87 per cent and 28 per cent on a DoD basis to 349 million shares and Rs8.74 billion, respectively. FLYNGR1 was today`s volume leader with 38.41 million shares exchanging hands.

READ MORE: Weekly Review: positive sentiments likely on PM Moscow visit

KARACHI: Pakistan equity market gained 121 points on Wednesday in a volatile trading during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,133 points as against previous day’s closing of 45,012 points, showing an increase of 1201 points.

READ MORE: Stocks plunge 351 points on high international oil prices

Analysts at Arif Habib Limited said that the market remained volatile today due to political unrest and higher commodity prices.

Cement sector remained under pressure due to higher international coal prices.

READ MORE: Equities shed 313 points in lackluster trading

In banking sector, UBL remained in the limelight due to announcement of tremendous financial result beating market expectations.

In the last trading hour, value hunting was observed which led the recovery in the market. Activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks.

READ MORE: Weekly Review: positive sentiments likely on PM Moscow visit

Sectors contributing to the performance include Cement (+69.3 points), Banks (+48.0 points), Automobile Assembler (+19.1 points), Tobacco (+11.6 points) and Technology (+11.4 points).

Volumes decreased from 227.2 million shares to 186.4 million shares (-18.0 per cent DoD). Traded value also decreased by 10.8 per cent to reach US$ 38.6 million as against US$ 43.3 million.

Stocks that contributed significantly to the volumes include BOP, TELE, WTL, MLCF and TPLP.

READ MORE: Stocks gain 235 points on declining crude oil prices

KARACHI: Pakistan’s stocks plunged by 351 points on Tuesday due to surge in international oil prices.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,012 points as against 45,363 points, showing a decrease of 351 points.

Analysts at Arif Habib Limited said that the market remained under pressure today due to mounting international oil prices.

READ MORE: Equities shed 313 points in lackluster trading

New York’s West Texas Intermediate crude contract rose more than three percent on Tuesday as Russian President Vladimir Putin deployed troops to separatist areas of Ukraine.

Selling was witnessed throughout the day mainly in the tech and cement stocks, which led the market to stay in the red zone.

READ MORE: Weekly Review: positive sentiments likely on PM Moscow visit

In the last trading hour, value hunting was observed which led to recovery in the market.

Activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks.

Sectors contributing to the performance include technology (-124.2 points), Cement (-54.1 points), Fertilizer (-40.5 points), Power (-38.3 points) and OMC’S (-20.7 points).

READ MORE: Stocks gain 235 points on declining crude oil prices

Volumes increased from 137.7 million shares to 227.2 million shares (+65.0 per cent DoD). Traded value also increased by 111.1 per cent to reach $ 43.3 million as against $ 20.5 million.

Stocks that contributed significantly to the volumes include WTL, BOP, TELE, TRG and TPLP.

READ MORE: Stocks end down by 244 points on corporate results

KARACHI: Pakistan equities lost 313 points on Monday owing to lackluster trading activity during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 45,363 points from last Friday’s closing of 45,676 points, showing a decline of 313 points.

READ MORE: Weekly Review: positive sentiments likely on PM Moscow visit

Analysts at Topline Securities said that Pakistan equities started the week with lackluster activity.

During trading hours, the KSE-100 index lingered in a negative zone most of the day because of dismal investors’ sentiment.

During the day, the KSE 100 index made an intraday low at 45,342 level (-334 points; down 0.74 per cent) and eventually settled at 45,363 level (-313 points; down 0.69 per cent) for the day.

READ MORE: Stocks gain 235 points on declining crude oil prices

On corporate announcement front, Meezan Bank Limited disclosed its year 2021 result where the bank posted earnings of Rs. 17.35, an improvement of 26 per cent over YoY, along with the final cash dividend of Rs. 1.50, making total cash payout of Rs. 6 for the calendar year. The aforesaid result was better than expectation due to higher than anticipated Net Spread Earned and Fee Commission Income.

READ MORE: Stocks end down by 244 points on corporate results

In addition to this, Nishat Mills Limited (NML) also declared its half yearly 2021/2022 accounts where earning per shares (EPS) clocked in at Rs. 15.9 an improvement of 216 per cent YoY. The company didn’t announced any payout with the result.

Bank, Tech, Cement and E&P sectors’ stocks saw some selling today where MEBL, TRG, LUCK and MARI contributed negatively by losing 97 points. On the flip side, BAHL, DCR and FATIMA added 20 points collectively, today.

READ MORE: Stocks shed 47 points on inflation concerns

About 138 million shares traded today while total value clocked in at Rs. 3.6 billion. WTL was volume leader of the day with 19.1 million shares traded in it, today.

KARACHI: Pakistan’s stocks likely to stay positive during next week owing to scheduled visit of Prime Minister Imran Khan to Moscow, Russia.

Analysts at Arif Habib Limited said that the market to remain positive in the upcoming week.

PM Khan is expected to visit Moscow in the next week, with agenda of two mega gas pipeline projects in order to cater depleting gas reserves.

READ MORE: Stocks gain 235 points on declining crude oil prices

Signing of a commercial agreement during this visit will be a key catalyst. Keeping in view the ongoing result season, certain sectors and scrips are expected to stay under limelight.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 5.1x (2022) compared to Asia Pac regional average of 13.9x while offering a dividend yield of 8.6 per cent versus 2.3 per cent offered by the region

The market commenced on a negative note this week on the back of tensions over possible war between Russia and Ukraine (which shot up international oil prices) tagged with prevailing political situation in the country.

READ MORE: Stocks end down by 244 points on corporate results

Albeit, the market took some respite after news of Russian troops’ withdrawal from Ukraine’s border made the rounds. However, market sentiment remained subdued throughout the week owed to an increase in local petroleum prices which raised concerns over inflation.

Furthermore, the massive jump in trade deficit by 93 per cent YoY in 7MFY22 fuelled the negative sentiment.

Moreover, below expectation financial result of certain scrips further deteriorated the momentum. Whereas, passing of Oil and Gas Regulatory Authority (Amendment) Bill, 2022 and Weighted Average Cost of Gas (WACOG) Bill by Senate kept gas utilities and certain scrips of OMCs and E&Ps in the limelight, cushioning the overall dip. The market closed at 45,676 points, losing 403points (down by 0.9 per cent) WoW.

READ MORE: Stocks shed 47 points on inflation concerns

Sector-wise negative contributions came from i) Commercial Banks (88 points), ii) Fertilizers (68 points), iii) Power Generation & Distribution (66 points), iv) Technology & Communication (39 points), and v) Cement (37 points). Whereas, sectors which contributed positively were i) Automobile Assembler (9 points), ii) Chemical (9 points) and iii) Oil & Gas Exploration (5 points). Scrip-wise negative contributors were HUBC (67 points), ENGRO (62 points), MEBL (36 points), SYS (35 points) and DAWH (34 points). Meanwhile, scrip-wise positive contribution came from EFERT (55 points), SNGP (24 points) and MTL (22 points).

READ MORE: KSE-100 index gains 88 points in range-bound trading

Foreign selling continued this week, clocking-in at $1.97 million compared to a net sell of $5.9 million last week. Major selling was witnessed in Technology ($1.5 million) and Commercial Banks ($0.5 million). On the local front, buying was reported by Banks ($4.9 million) followed by Individuals ($2.4 million). Average volumes clocked-in at 191 million shares (down by 8 per cent WoW) while average value traded settled at $30 million (down by 36 per cent WoW).

KARACHI: Pakistan’s stocks witnessed an increase of 235 points on Friday owing to improved sentiments following decline in crude oil prices.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,676 points as against previous day’s closing of 45,441 points, showing an increase of 235 points.

READ MORE: Stocks end down by 244 points on corporate results

Analysts at Arif Habib Limited said that the market witnessed positive momentum along with improved trading volumes today due to decline in crude oil prices.

After the approval of two new bills by the Senate pertaining to the Gas Sector, “Oil and Gas Regulatory Authority (Amendment) Bill, 2022” and “Weighted Average Cost of Gas (WACOG) Bill” which led SNGP, SSGC, OGDC, PPL and PSO to close in the green zone.

READ MORE: Stocks shed 47 points on inflation concerns

In banking sector, Bank of Punjab (BOP) remained in the limelight as it announced financial result declaring 12.5 per cent bonus shares and earnings per share beating market expectations.

Sectors contributing to the performance include Banks (+47.4 points), Fertilizer (+36.3 points), OMC’s (+34.2 points), E&P (+31.6 points) and Cement (+28.3 points).

READ MORE: KSE-100 index gains 88 points in range-bound trading

Volumes increased from 152.9 million shares to 194.1 million shares (+26.9 per cent DoD). Traded value decreased by 9.7 per cent to reach US$ 24.5 million as against US$ 27.2 million.

Stocks that contributed significantly to the volumes include BOP, SNBL, TELE, SNGP and KEL.

READ MORE: Stocks plunge 435 points on rising international oil prices

KARACHI: Pakistan Stocks ended down by 244 points on Thursday owing to below expectation corporate results.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 45,441 points as against 45,685 points, showing a decrease of 244 points.

READ MORE: Stocks shed 47 points on inflation concerns

Analysts at Topline Securities said that Pakistan equities commenced the day on a negative note in the backdrop of below expectation corporate announcement.

Initially, ENGRO Corp announced the CY21 earnings where company announced Rupee 1 payout against the street expectation of Rupee 4-5.

The reports flow regarding resumption in Russia/Ukraine tension further deteriorated investors’ sentiment which triggered selling across the board.

READ MORE: KSE-100 index gains 88 points in range-bound trading

During the day, the KSE 100 index made an intraday low at 45,259 level (-426 points; down 0.93 per cent). However, value hunting resumed at that level which assisted market to show some recovery and eventually settled at 45,441 level.

Fertilizer, Power, Foods and Bank sectors’ stocks saw selling trend today where ENGRO, HUBC, DAWH and LUCK contributed negatively by losing 124 points. On the flip side, EFERT, MTL and HBL added 33 points collectively, today.

About 153 million shares traded today while total value clocked in at Rs. 4.8 billion. WTL was volume leader of the day with 16.1 million shares traded in it, today.

READ MORE: Stocks plunge 435 points on rising international oil prices

Analysts at Arif Habib Securities said that the market remained under-pressure today due to inflationary concern arising from higher fuel prices.

In cement sector, CHCC and KOHC remained in the limelight as it announced financial result in line with market expectations. Main board activity remained dull. Across the board selling was observed in the last trading hour, which led the market to close in the red zone.

READ MORE: Stocks gain 139 points in range-bound trading

Sectors contributing to the performance include Fertilizer (-56.0 points), Power (-42.0 points), Inv Banks (-36.4 points), Banks (-22.0 points) and Vanaspati & Allied (-16.7 points).

Volumes increased from 145.3 million shares to 152.9 million shares (+5.2 per cent DoD). Traded value also increased by 15.5 per cent to reach US$ 27.2 million as against US$ 23.6 million.

Stocks that contributed significantly to the volumes include WTL, HUMNL, TELE, KEL and UNITY.

KARACHI: Pakistan stocks have declined by 47 points on Wednesday owing to inflation concerns following hike in domestic fuel prices.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 45,685 points as against 45,732 points, showing a decrease of 47 points.

READ MORE: KSE-100 index gains 88 points in range-bound trading

Analysts at Arif Habib Limited said that the market witnessed another range-bound session today due to inflationary concern arising from higher fuel prices.

Index opened on positive note at the start of trading session but closed with negative 46 points.

READ MORE: Stocks plunge 435 points on rising international oil prices

In cement sector, PIOC remained under pressure despite of financial result in line with market expectations. Main board activity remained dull.

In last trading hour, Investors opted for profit-taking which led the market to close in the red zone.

READ MORE: Stocks gain 139 points in range-bound trading

Sectors contributing to the performance include Commercial Banks (-28.1 points), Cement (-28.1 points), OMC (-12.4 points), E&P (-6.0 points) and Sugar (-4.5 points).

Volumes decreased from 274.6 million shares to 145.3 million shares (-47.1 per cent DoD). Traded value also decreased by 38.8 per cent to reach US$ 23.5 million as against US$ 38.5 million.

Stocks that contributed significantly to the volumes include KEL, WTL, FABL, HUMNL and BOP.

READ MORE: Stocks plummet by 400 points in dull trading