Tag: PSX

KARACHI: The KSE-100 index registered an increase of 870 points on Wednesday as investors’ sentiments improved on IMF talks resumption.

The benchmark KSE-100 Index of Pakistan Stock Exchange (PSX) at 45,500 points as against last trading on October 18, 2021 at 44,629 points.

Analysts at Arif Habib Limited said that as the news of resumptions of dialogue with IMF team relayed, investors’ concerns over the package started dissipating, causing the Index to make an upward swing.

Cement, Technology, Banks, Fertilizer stocks remained in the limelight. Cement stocks led the index on news of Cement companies increasing the cement price / bag, whereas dwindling outflows from foreign counters in Banks and Fertilizer stocks also helped these sectors post healthy gains.

Among scrips, WTL led the volumes with 49.3 million shares, followed by HUMNL (24.7 million) and BYCO (15.6 million).

Sectors contributing to the performance include Banks (+201 points), Cement (+160 points), Technology (+106 points), Fertilizer (+79 points) and Textile (+49 points).

Volumes increased from 248.2 million shares to 308.2 million shares (+24 per cent DoD). Average traded value also increased by 18 per cent to reach US$ 59.8 million as against US$ 50.8 million.

Stocks that contributed significantly to the volumes include WTL, HUMNL, BYCO, TELE and UNITY, which formed 39 per cent of total volumes.

Stocks that contributed positively to the index include TRG (+65 points), LUCK (+58 points), ENGRO (+50 points), HUBC (+49 points) and HBL (+44 points). Stocks that contributed negatively include OGDC (-8 points), NESTLE (-7 points), HGFA (-6 points), GHGL (-5 points) and KAPCO (-4 points).

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) fell by 192 points on Monday. The index declined owing to uncertainty in dialogues of the government authorities with the IMF.

The index closed at 44,629 points as against last Friday’s closing of 44,821 points.

Analysts at Arif Habib Limited said that the market took pressure from the negative news vibes due to delay in negotiating the resumption of IMF package.

Though, the Ministry of Finance highlighted that the negotiations are ongoing and underlying terms will be negotiated soon, the investors had not like the uncertainty.

Oil chain and banking stocks went positive earlier in the session that added a total of 169 points on the index, however, selling pressure eroded this gain and MoC brought the Index in negative territory.

Among scrips, HUMNL topped the volumes with 25.1 million shares, followed by WTL (20.8 million) and HASCOL (13.8 million).

Sectors contributing to the performance include Technology (-146 points), Cement (-47 points), Engineering (-27 points), Textile (-24 points) and Refinery (-18 points).

Volumes declined from 334.3 million shares to 248.3 million shares (-26 per cent DoD). Average traded value also declined by 25 per cent DoD to reach US$ 51 million as against US$ 68.2 million.

Stocks that contributed significantly to the volumes include HUMNL, WTL, HASCOL, UNITY and DSL, which formed 34 per cent of total volumes.

Stocks that contributed positively to the index include HBL (+48 points), MCB (+31 points), OGDC (+30 points), PPL (+29 points) and ENGRO (+27 points). Stocks that contributed negatively include TRG (-88 points), SYS (-47 points), BAHL (-42 points), FFC (-22 points) and UNITY (-17 points).

KARACHI: The stock market likely to move positive during next week on hope of resumption of IMF program.

Analysts at Arif Habib Limited said that the market to move positive as we get closer to resuming the IMF program and receiving a $1 billion tranche.

Whereas recent bouts of selling at the index has once again opened up valuations; we advise investors to cherry-pick blue chip stocks with a long term focus, they said.

Key short term risks include: regional volatility and the ensuing security concerns, together with PKR depreciation.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 5.2x (2021) compared to Asia Pac regional average of 14.7x while offering a dividend yield of 8.1 per cent versus 2.2 per cent offered by the region.

The benchmark equity bourse closed in green after four weeks of bleeding. During the early part of the week investors resorted to panic selling amid lack of clarity on continuation of the IMF package as well as delay in the process to appoint a new Director General of the ISI (DG ISI).

Albeit, with Finance Minister assuring that the government would soon address concerns of the global lender and resume the IMF’s EFF, as well as PM’s statement allaying any rumors of a military-political divide, the KSE-100 index posted two swift back to back bull runs. The market closed at 44,821 points, (gaining 344 points / up by 0.8 per cent WoW).

Sector-wise positive contributions came from i) Commercial Banks (393 points), ii) Oil & Gas Exploration Companies (136 points), iii) Fertilizer (123 points), iv) Cement (98 points), and v) Pharmaceuticals (28 points). Whereas, sectors which contributed negatively were i) Technology & Communication (342 points), and ii) Food & Personal Care Products (50 points). Scrip-wise positive contributors were HBL (153 points), PPL (87 points), UBL (67 points), LUCK (59 points) and OGDC (42 points). Meanwhile, scrip-wise negative contribution came from TRG (260 points), SYS (70 points) and PAKT (27 points).

Foreign selling continued this week, clocking-in at USD 13.3 million compared to a net sell of USD 3.7 million last week. Major selling was witnessed in Fertilizer Sectors (USD 12.1 million), Commercial Banks (USD 7.8 million) and Cement (USD 3.11 million). On the local front, buying was reported by Insurance Companies (USD 12.2 million) followed by Mutual Funds (USD 3.4 million). Average volumes clocked-in at 342 million shares (up by 29 per cent WoW) while average value traded settled at USD 71 million (up by 20 per cent WoW).

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) on Monday fell by 648 points owing to rising concerns over hike in electricity prices and contraction in economy.

The index closed at 43,829 points as against last Friday’s closing of 44,477 points, showing a decline of 648 points.

Analysts at Arif Habib Limited said that the market tumbled again on concerns over high energy and commodity prices as well as prospects of further electricity tariff hikes that can lead to erosion of purchasing power and an economic contraction.

Increase in international oil prices failed to have a material impact on the stock prices of E&P stocks. Selling pressure was witnessed across the board, however, Technology, Cement, O&GMCs contributed to downward trend.

Among scrips, WTL led the table with 41.3 million shares, followed by TELE (13.8 million) and TREET (9.4 million).

Sectors contributing to the performance include Technology (-202 points), Cement (-121 points), Banks (-56 points), Engineering (-49 points) and O&GMCs (-36 points).

Volumes increased from 176.1 million shares to 226.6 million shares (+29 per cent DoD). Average traded value also increased by 21 per cent to reach US$ 48.4 million as against US$ 40 million.

Stocks that contributed significantly to the volumes include WTL, TELE, TREET, HUMNL and TRG, which formed 35 per cent of total volumes.

Stocks that contributed positively to the index include PPL (+21 points), COLG (+9 points), HUBC (+8 points), ABL (+7 points) and FML (+7 points). Stocks that contributed negatively include TRG (-119 points), SYS (-68 points), LUCK (-26 points), FFC (-25 points) and UNITY (-25 points).