Tag: PSX

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

Pakistan stocks saw a decline of 94 points on Monday as investors reacted cautiously to the impending monetary policy announcement. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 44,924 points, down from Friday’s closing of 45,018 points.

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KARACHI: Investors to keep eye on inflationary pressure and subsequent monetary policy announcement during next week.

Analysts at Arif Habib Limited said that investors should remain cautious in the upcoming week as the monetary policy committee (MPC) is meeting whereas inflationary pressure is set to rise in the backdrop of augmenting commodity prices.

READ MORE: Stocks gain on unchanged policy rate expectations

Moreover, talks with the IMF are expected to resume on January 28, 2022 which could have a positive impact on the market.

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 8.7 per cent versus 2.3 per cent offered by the region.

The market commenced on a negative note this week. This trend continued throughout the week due to higher COVID-19 cases and an increase in global commodity prices.

READ MORE: Bearish trend continues at Pakistan Stocks

However, the sentiment once again turned positive on Friday as the government revised GDP numbers upwards from 3.94 per cent to 5.4 per cent. Furthermore, FDI increased 20 per cent during the first half of the fiscal year to USD 1,050 million against USD 880 million USD SPLY.

The Pak Rupee closed below 176 for the first time in over 45 days on Monday but crept up during the week, closing at 176.24.

Overall the market closed at 45,018 points down 745 points from last week, marking a 1.63 per cent decrease WoW.

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

Sector-wise negative contributions came from i) Technology & Communication (241 points), ii) Commercial Banks (96 points), iii) Cement (69 points), iv) Refinery (65 points), and v) Fertilizer (63 points). Whereas, sectors which contributed positively were i) Oil & Gas Exploration Companies (36 points), ii) Power Generation & Distribution (7 points) and iii) Real Estate Investment Trust (6 points). Scrip-wise negative contributors were TRG (239 points), CNERGY (31 points), MCB (23 points), DAWH (22 points) and PSO (21 points). Meanwhile, scrip-wise positive contribution came from KAPCO (30 points), MARI (24 points) and BAHL (23 points).

Foreigners remained net sellers this week, clocking-in at USD 2.09 million compared to a net buy of USD 0.53 million last week. Major selling was witnessed in OMC’s (USD 1.4 million) and Technology & Communication (USD -1.0 million). On the local front, buying was reported by Individuals (USD 12.4 million) followed by Banks (USD 5.9 million). Average volumes clocked-in at 201 million shares (down by 43 per cent WoW) while average value traded settled at USD 42 million (down by 17 per cent WoW).

READ MORE: Stocks fall 105 points on high oil prices, COVID cases

KARACHI: The Pakistan stocks witnessed a positive trend on Friday, with the benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) gaining 192 points. This increase was driven by investor optimism surrounding expectations that the key policy rate will remain unchanged in the upcoming monetary policy statement.

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KARACHI: Pakistan stocks have witnessed bearish trend on Thursday which was continued since alarming rise in coronavirus.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 44,826 points as against previous day’s closing 44,833 points, showing a decrease of 7 points.

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

Analysts at Arif Habib Limited said that bearish momentum was witnessed today due to alarming Covid-19 cases and higher international oil prices.

Market opened on a bleak note and stayed in the red 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.

READ MORE: Stocks fall 105 points on high oil prices, COVID cases

In the last trading hour, across the board buying was observed as short-sellers jumped in to square-off positions.

Sectors contributing to the performance include Technology (-83.1 points), Fertilizer (-22.8 points), Inv. Banks (-17.8 points), Commercial Banks (-9.5 points) and Automobile Assembler (-6.5 points).

READ MORE: KSE-100 observes dull trading on rising COVID cases

Volumes increased from 236.9 million shares to 254.2 million shares (+7.3 per cent DoD). Traded value decreased by -10.7 per cent to reach US$ 43.8 million as against US$ 49.1 million.

Stocks that contributed significantly to the volumes include WTL, CNERGY, GGL, TELE and KEL.

READ MORE: Stocks ends flat in volatile trading

KARACHI: Pakistan’s stocks on Wednesday plunged by 674 points owing to sharp increase in international oil prices and alarming rise in coronavirus cases in the country.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 44,833 points as against previous day’s ending at 45,507 points, showing a decrease of 674.

READ MORE: Stocks fall 105 points on high oil prices, COVID cases

Analysts at Arif Habib Limited said that bloodbath session was witnessed today due to alarming Covid-19 cases and higher international oil prices.

Market opened on a bleak note and stayed in the red zone throughout the day due to selling pressure from the mutual funds.

READ MORE: KSE-100 observes dull trading on rising COVID cases

Cement sector stayed under pressure due to uptick in international coal prices. In the last trading hour, across the board hefty selling was observed.

Sectors contributing to the performance include Cement (-101.1 points), Technology (-98.8 points), Commercial Banks (-73.0 points), E&P (-50.1 points) and Fertilizer (-47.6 points).

READ MORE: Stocks ends flat in volatile trading

Volumes increased from 165.1 million shares to 236.9 million shares (+43.5 per cent DoD). Traded value also increased by 14.5 per cent to reach US$ 49.2 million as against US$ 42.9 million.

Stocks that contributed significantly to the volumes include WTL, TRG, TELE, CNERGY and HASCOL.

READ MORE: Finance (Supplementary) Bill gets presidential approval

KARACHI: The stocks have fallen by 105 points on Tuesday owing to rise in coronavirus cases and surge in oil prices in international markets.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 45,507 points as against previous day’s closing of 45,612 points, showing a decrease of 105 points.

READ MORE: KSE-100 observes dull trading on rising COVID cases

Analysts at Arif Habib Limited said that the market continued to remain range bound due to uptick in Covid-19 cases and higher international oil prices.

Market opened on a bleak note and stayed dull throughout the day. In Power sector, HUBC remained in the limelight as it announced interim cash dividend of 6.5 per share.

READ MORE: Stocks ends flat in volatile trading

In the last trading hour, profit taking was witnessed due to upcoming monetary policy and IMF board to meet on January 28. Activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks.

Sectors contributing to the performance include Cement (-54.6 points), Commercial Banks (-38.6 points), Power (-26.3 points), Technology (-24.2 points) and Textile Composite (-11.3 points).

READ MORE: Finance (Supplementary) Bill gets presidential approval

Volumes decreased from 173.5 million shares to 165.1 million shares (-4.8 per cent DoD). Traded value increased by 23.9 per cent to reach US$ 42.9 million as against US$ 34.7 million.

Stocks that contributed significantly to the volumes include TRG, WTL, HUBC, TELE and CNERGY.

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) observed dull trading on Monday due to alarming rise in COVID-19 cases.

The index closed at 45,612 points as against last Friday’s closing of 45,763 points, showing a decrease of 151.3 points.

READ MORE: Stocks ends flat in volatile trading

Analysts at Arif Habib Limited said that the market continued to remain under pressure due to uptick in COVID-19 cases and higher international oil prices.

Market opened on a bleak note and stayed dull throughout the day even after passing of mini-budget by the President and recovery of PKR against dollar as investors remained risk-averse due to alarming Covid-19 numbers.

READ MORE: Finance (Supplementary) Bill gets presidential approval

Cement sector stayed in the red zone due to uptick in international coal prices. In the last trading hour, value buying was observed. Activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks.

Sectors contributing to the performance include Technology & Communication (-100.8 points), Commercial Banks (-28.0 points), Refinery (-13.8 points), Textile Composite (-7.5 points) and Insurance (-7.3 points).

Volumes decreased from 240.0 million shares to 173.5 million shares (-27.7 per cent DoD). Traded value increased by 0.1 per cent to reach US$ 34.70 million as against US$ 34.66 million.

Stocks that contributed significantly to the volumes include WTL, TRG, CNERGY, ACIETF and TELE.

KARACHI: The stock market is likely to stay positive during the next week owing to results season with expectations of better earnings.

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

With commencement of the result season, certain sectors and scrips are expected to stay under limelight.

Moreover, any update with regards to IMF’s 6th review will have an impact on the market.

January 14, 2022: Stocks ends flat in volatile trading

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 5.2x (2022) compared to Asia Pacific regional average of 14.1x while offering a dividend yield of ~8.6 per cent versus ~2.3 per cent offered by the region.

The market commenced on a positive note this week. However, the momentum shifted to red zone given delay in IMF’s review.

January 13, 2022: Pakistan stocks fall on corona cases record 4-month high

Alongside this, resurgence of higher COVID-19 cases (especially Omicron variant) raised expectation of a potential imposition of restrictions and smart lockdown.

However, the sentiment once again turned positive after the Finance Supplementary Bill (mini-Budget) got passed despite strong protest by opposition, ending the uncertainty.

January 12, 2022: Stocks gain 35 points amid profit taking

Moreover, auto numbers depicted a massive growth in the month of Dec’21 of 96 per cent YoY/ 46 per cent MoM. Furthermore, hike in Arab Light prices to USD 86.16/bbl generated activity in the E&P sector. Lastly, Pak Rupee appreciated to PKR 176.07 against USD. The market closed at 45,763 points, gaining 418 points (up by 0.9 per cent) WoW.

Sector-wise positive contributions came from i) Commercial Bank (328 points), ii) Miscellaneous (54 points), iii) Chemical (50 points), iv) Power Generation & Distribution (47 points), and v) Oil & Gas Exploration Companies (37 points). Whereas, sectors which contributed negatively were i) Cement (67 points), ii) Technology & Communication (64 points) and iii) Fertilizer (26 points). Scrip-wise positive contributors were HBL (87 points), MCB (73 points), PSEL (57 points), HUBC (43 points) and COLG (39 points). Meanwhile, scrip-wise negative contribution came from SYS (53 points), LUCK (38 points) and ENGRO (33 points).

January 11, 2022: Stocks remain volatile amid rising Omicron cases

Foreign remained net buyers this week, clocking-in at USD 0.53 million compared to a net buy of USD 24.2 million last week. Major buying was witnessed in Technology (USD 0.5 million) and Power (USD 0.4 million). On the local front, selling was reported by Mutual Funds (USD 9.9 million) followed by Companies (USD 2.4 million). Average volumes clocked-in at 356 million shares (up by 12 per cent WoW) while average value traded settled at USD 51 million (down by 12 per cent WoW).

January 10, 2022: KSE-100 index gains 542 points in hefty buying

KARACHI: The Pakistan stocks ended flat on Friday owing to an alarming rise in coronavirus cases in the country.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,763.5 points as against previous day’s closing of 45,763.2 points.

Analysts at Arif Habib Limited said that the market continued to remain volatile as Country reported an alarming rise in Covid-19 cases.

The market opened on a bleak note and stayed dull throughout the day even after passing of the mini-budget by the National Assembly as investors remained risk-averse due to rising Covid-19 cases.

In the last trading hour, profit taking was witnessed across the board. Activity continued to remain side-ways as the market witnessed hefty volumes in the 3rd tier stocks.

Sectors contributing to the performance include Banks (+43 points), E&Ps (+28 points), Fertilizer (+18 points), Automobile (+10 points) and Chemicals (+10 points).

Volumes decreased from 327.6 million shares to 240.0 million shares (-26.7 per cent DoD). Traded value also decreased by 5.9 per cent to reach US$ 34.6 million as against US$ 36.8 million.

Stocks that contributed significantly to the volumes include UNITYR3, WTL, CNERGY, DSL and UNITY.

Pakistan stocks fall on corona cases record 4-month high