Tag: PSX

KARACHI: Pakistan’s stocks gained 47 points on Friday amid profit taking witnessed on the last trading day of the week.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 45,910 points as against previous day’s closing of 45,863, showing an increase of 47 points.

READ MORE: KSE-100 index ends down 256 points on profit taking

Analysts at Topline Securities said that the KSE-100 index largely remained in the positive session during the trading session, but some profit taking was observed in the second half of trading session as the index settled at 45,910 level, up by 0.10 per cent.

READ MORE: Stocks climb up 445 points ahead IMF announcement

Major contribution to the index came from FFC, MTL, PSO, OGDC and SHEL, as they cumulatively contributed 108 points to the index, whereas on the other hand SYS, POL, MEBL, TRG and FCCL lost value to weigh down on the index by 59 points.

READ MORE: Stocks gain 300 points on upcoming IMF announcement

Traded volume and value for the day stood at 191 million shares and Rs8.85 billion, respectively.

WTL was today`s volume leader with about 12.8 million shares.

READ MORE: KSE-100 index gains 297 points

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended down by 256 points on Thursday owing to profit taking observed during the day.

The index ended at 45,863 points as against previous day’s closing of 46,119 points, showing decrease of 256 points.

READ MORE: Stocks climb up 445 points ahead IMF announcement

Analysts at Arif Habib Limited said that the index opened on a positive note as the International Monetary Fund (IMF)’s Executive Board approved the loan tranche of $1 billion of its $6 billion Extended Fund Facility (EFF) for Pakistan.

READ MORE: Stocks gain 300 points on upcoming IMF announcement

Physiological level of 46,000 was unable to digest by the investors as profit taking was witnessed across the board, which led the index to close in the red zone. 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.

READ MORE: KSE-100 index gains 297 points

Sectors contributing to the performance include Misc. (-65.8 points), Cement (-51.6 points), Banks (-47.9 points), E&P (-39.6 points) and Power (-18.5 points).

Volumes decreased from 360.8 million shares to 328.0 million shares (-9.1 per cent DoD). Traded value also decreased by 3.9 per cent to reach US$ 59.9 million as against US$ 62.3 million.

Stocks that contributed significantly to the volumes include WTL, TELE, GGL, HUMNL and TREET.

READ MORE: Stocks end flat amid profit taking

KARACHI: Pakistan’s stocks climbed up 445 points on Wednesday ahead of IMF announcement to approve around $1 billion tranche.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 46,119 points as against previous day’s closing of 45,674 points, showing an increase of 445 points.

READ MORE: Stocks gain 300 points on upcoming IMF announcement

Analysts at Arif Habib Limited said that bullish momentum was witnessed today due to uplifted optimism towards IMF announcement.

The International Monetary Fund’s Executive Board will take the sixth review of the $6 billion Extended Fund Facility (EFF) for Pakistan on the agenda in its meeting scheduled for Wednesday (February 2, 2022).

The market opened on a positive note and stayed in the green zone throughout the day.

READ MORE: KSE-100 index gains 297 points

In banking sector, BAFL announced 4QCY21 result in line with market expectations. Activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks.

Sectors contributing to the performance include Banks (+105.6 points), E&P (+80.7 points), Cement (+63.0 points), Textile Composite (35.1 points) and OMC’S (+25.3 points).

READ MORE: Stocks end flat amid profit taking

Volumes increased from 312.5 million shares to 360.8 million shares (+15.5 per cent DoD). Traded value also increased by 15.3 per cent to reach US$ 62.0 million as against US$ 53.8 million.

Stocks that contributed significantly to the volumes include HUMNL, TELE, TREET, WTL and GGL.

READ MORE: Pakistan stocks gain amid concerns over rising oil prices

KARACHI: Pakistan’s stocks gained 300 points on Tuesday owing to upcoming IMF announcement to release tranche of over $1 billion.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 45,674 points as against previous day’s closing of 45,374 points, showing an increase of 300 points.

READ MORE: KSE-100 index gains 297 points

The IMF Executive Board is scheduled to meet on February 02, 2022 to review Pakistan’s $6 billion Extended Fund Facility (EFF) and approve next tranche of $1 billion.

Analysts at Arif Habib Limited said that bullish momentum was witnessed today due to uplifted optimism towards upcoming corporate results and IMF announcement.

READ MORE: Stocks end flat amid profit taking

Market opened on a positive note and stayed in the green zone throughout the day. 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, profit taking was witnessed due to rising Covid-19 cases and alarming CPI for the month of January 2022 at around 13 per cent.

READ MORE: Pakistan’s inflation climbs up 24-month high in January

Sectors contributing to the performance include E&P (+62.8 points), Banks (+60.7 points), Fertilizer (+57.9 points), Misc (56.7 points) and Cement (+59.6 points).

Volumes increased from 251.7 million shares to 312.5 million shares (+24.2 per cent DoD). Traded value also increased by 10.8 per cent to reach US$ 53.8 million as against US$ 48.5 million.

Stocks that contributed significantly to the volumes include GGL, WTL, TREET, HUMNL and UNITY.

READ MORE: Pakistan stocks gain amid concerns over rising oil prices

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) gained 297 points on Monday.

The index closed at 45,375 points as against last Friday’s closing of 45,078 points, showing an increase of 297 points.

READ MORE: Weekly Review: market to stay positive on IMF talks

Analysts at Arif Habib Limited said that bulls ruled over the bears today as Pakistan eyes $3 billion loan from China.

Market opened on a positive note and stayed in the green zone throughout the day. Main board activity remained gloomy.

READ MORE: Stocks end flat amid profit taking

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, profit taking was witnessed due to rising Covid-19 cases.

Sectors contributing to the performance include Banks (+65.0 points), Fertilizer (+40.9 points), Technology (+32.9 points), E&P (29.6 points) and Chemical (+22.6 points).

READ MORE: Pakistan stocks gain amid concerns over rising oil prices

Volumes decreased from 258.9 million shares to 251.7 million shares (-2.8 per cent DoD). Traded value increased by 5.4 per cent to reach US$ 48.5 million as against US$ 45.9 million.

Stocks that contributed significantly to the volumes include TREET, WTL, TRG, WAVES and HUMNL.

READ MORE: Stocks end up 67 points amid range bound trading

KARACHI: The stock market likely to stay positive during next week due to expected release of IMF’s next tranche to Pakistan.

Analysts at Arif Habib Limited said that Pakistan and IMF 6th Review scheduled for next week (February 2, 2022), any positive outcome could be a key trigger for the local bourse.

Moreover, with the ongoing result season, certain sectors and scrips are expected to stay under limelight.

READ MORE: Stocks end flat amid profit taking

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 13.6x while offering a dividend yield of ~8.6 per cent versus ~2.4 per cent offered by the region.

The market commenced on a negative note this week, given concerns over expectations of hike in policy rate. The market turned green after Monetary Policy Committee (MPC) kept the policy rate unchanged.

READ MORE: Pakistan stocks gain amid concerns over rising oil prices

However, momentum remained in check given hefty surge in international oil prices, climbing up to a 7-Yr high which raised concerns over inflation.

Moreover, rising COVID-19 cases and postponement of IMF’s review kept the market range bound. Meanwhile, reduction in cut-off yields of government’s Market Treasury Bills by 68 bps provided resistance against bears.

READ MORE: Stocks end up 67 points amid range bound trading

Furthermore, the market welcomed the passing of SBP bill 2021 by Senate, since it is now most likely that disbursement of $1 billion will be approved by the Executive Board of IMF in the next scheduled meeting.

The market closed at 45,078 points, gaining 60 points (up by 0.13 per cent) WoW.

Sector-wise positive contributions came from i) Cement (55 points), ii) Power Generation & Distribution (45 points), iii) Food & Personal Care Products (30 points), iv) Fertilizer (26 points), and v) Commercial Banks (24 points). Whereas, sectors which contributed negatively were i) Technology & Communication (52 points), ii) Oil & Gas Exploration Companies (50 points) and iii) Automobile Assembler (14 points). Scrip-wise positive contributors were HUBC (50 points), BAFL (38 points), LUCK (36 points), FFC (32 points) and TRG (30 points). Meanwhile, scrip-wise positive contribution came from KAPCO (30 points), MARI (24 points) and BAHL (23 points).

READ MORE: Stocks fall on rising COVID cases

Foreign selling continued this week, clocking-in at USD 4.0 million compared to a net sell of USD 2.09 million last week. Major selling was witnessed in Technology and Communication (USD 2.4 million) and Cement (USD 1.3 million). On the local front, buying was reported by Companies (USD 19.5 million) followed by Mutual Funds (USD 4.8 million). Average volumes clocked-in at 187 million shares (down by 7 per cent WoW) while average value traded settled at USD 38 million (down by 9 per cent WoW).

READ MORE: Stocks fall 94 points amid policy announcement

KARACHI: Pakistan stocks ended flat on Friday amid profit taking seen on the last trading day of the week.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 45,078 points as against previous day’s closing of 45,083 points, showing a decrease of 5 points.

READ MORE: Pakistan stocks gain amid concerns over rising oil prices

Analysts at Arif Habib Limited said that range bound session was witnessed today due to the concerns over mounting international oil prices and rising Covid-19 cases.

Market opened on a positive note but soon after profit taking was witnessed across the board.

READ MORE: Stocks end up 67 points amid range bound trading

In the cement sector, LUCK closed in the red zone due to disappointing result as gross margin underwent a dip to 22.6 per cent during 2QFY22 (2QFY21: 29.2 per cent) amid higher coal prices, PKR depreciation and augmented packaging costs, coupled with volumetric decline.

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.

READ MORE: Stocks fall on rising COVID cases

Sectors contributing to the performance include Cement (-38.8 points), E&P (-17.8 points), Chemical (-12.6 points), OMC’S (-11.24 points) and Automobile Assembler (-3.11 points).

Volumes increased from 173.6 million shares to 258.9 million shares (+49.2 per cent DoD). Traded value also increased by 23.7 per cent to reach US$ 46.0 million as against US$ 37.2 million.

Stocks that contributed significantly to the volumes include TRG, HUMNL, UNITY, WTL and CNERGY.

READ MORE: Stocks fall 94 points amid policy announcement

KARACHI: Pakistan stocks gained 128 points on Thursday amid concerns over rising oil prices and surge in coronavirus cases.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 45,083 points as against previous day’s closing of 44,955 points, showing an increase of 128.0 points.

READ MORE: Stocks end up 67 points amid range bound trading

Analysts at Arif Habib Limited said that range bound session was witnessed today due to the concerns over mounting international oil prices and rising Covid-19 cases.

Oil touched $90 a barrel for the first time in seven years supported by tight supply and rising political tensions between Russia and Ukraine that added to concerns about further disruption in an already-tight market.

READ MORE: Stocks fall on rising COVID cases

Market opened on a positive note but soon after profit taking was witnessed across the board. 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, value buying was observed due to announcement of corporate results.

Sectors contributing to the performance include Technology (+62.7 points), Power (+28.4 points),

READ MORE: Stocks fall 94 points amid policy announcement

Commercial Banks (+22.1 points), Misc. Sectors (+20.9 points) and E&P (+17.4 points).

Volumes increased from 137.3 million shares to 173.6 million shares (+26.4 per cent DoD). Traded value also increased by 22.5 per cent to reach US$ 37.1 million as against US$ 30.3 million.

Stocks that contributed significantly to the volumes include TRG, HUMNL, UNITY, WTL and CNERGY.

READ MORE: Stocks gain on unchanged policy rate expectations

KARACHI: The Pakistan stocks closed higher by 67 points on Wednesday as the benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 44,955 points compared to 44,888 points in the previous session. Despite the gain, trading remained range-bound due to concerns over rising COVID-19 cases and escalating global oil prices.

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KARACHI: Pakistan stocks have declined by 36 points on Tuesday amid rising cases of COVID-19 in the country.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 44,888 points as against previous day’s closing of 44,924 points, showing a decrease of 36 points.

READ MORE: Stocks fall 94 points amid policy announcement

Analysts at Arif Habib Limited said that the market opened on a positive note as Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) kept the policy rate unchanged at 9.75 percent.

Cement stocks remained in the limelight due to expectation of tremendous earnings in the upcoming results.

READ MORE: Stocks gain on unchanged policy rate expectations

The market stayed in the green zone but profit taking was witnessed in the last trading hour, which led the index to close in the red zone due to alarming Covid-19 cases and mounting international oil prices.

The 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.

READ MORE: Bearish trend continues at Pakistan Stocks

Sectors contributing to the performance include Technology (-91.3points), E&P (-38.8points), Chemical (-21.8points), Insurance (-8.5points) and Power (-5.8points).

Volumes increased from 160.2 million shares to 207.0 million shares (+29.2 per cent DoD). Traded value also increased by 41.3 per cent to reach US$ 45.9 million as against US$ 32.5 million.

Stocks that contributed significantly to the volumes include WAVES, TRG, TREET, CNERGY and WTL.

READ MORE: Pakistan’s stocks plunge by 674 points on high oil prices