Tag: PSX

KARACHI: The stock market tumbled on Thursday as selling pressure continued during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 48,158 points as against previous day’s closing of 48,481 points, showing a decline of 323 points.

Analysts at Arif Habib Limited said that the market tumbled again today with a drop of 365 points during the session and closing -323 points.

Refineries, O&GMCs, Cement, Engineering, Banks, Fertilizer and Technology stocks saw persistent selling pressure despite budget incentives announced last Friday.

E&P companies were relatively unscathed on the back of stable oil prices, which hovered around US$ 74/bbl. Among scrips, WTL topped the volumes with 243 million shares, followed by SILK (187.6 million) and KEL (57.4 million).

Sectors contributing to the performance include Banks (-62 points), Power (-44 points), O&GMCs (-34 points), Technology (-29 points) and Refinery (-28 points).

Volumes increased from 936.6 million shares to 1117.4 million shares (+19 percent DoD). Average traded value declined by 13 percent to reach US$ 125.1 million as against US$ 142.9 million.

Stocks that contributed significantly to the volumes include WTL, SILK, KEL, BYCO and HUMNL, which formed 50 percent of total volumes.

Stocks that contributed positively to the index include POL (+14 points), OGDC (+10 points), PSX (+10 points), FCEPL (+9 points) and LUCK (+6 points). Stocks that contributed negatively include HUBC (-31 points), TRG (-28 points), HBL (-26 points), UNITY (-24 points) and PSEL (-15 points).

KARACHI: The stock market ended down by 152 points on Wednesday amid selling pressure witnessed during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 48,481 points as against previous day’s closing of 48,633 points, showing a decline of 152 points.

Analysts at Arif Habib Limited said that the market saw persistent selling pressure that was felt across the board and made the index trade between -201 points and +246 points, closing the session -152 points.

Among E&P, OGDC and PPL both traded below LDCP against POL, which showed price uptick. Cement sector also traded in a narrow range. Although KEL & WTL retained top slot, volumes remained relatively low. Among scrips, KEL realized 114.9 million shares in trading, followed by WTL (86.4 million) and BYCO (63 million).

Sectors contributing to the performance include Textile (+25 points), Cement (-54 points), Banks (-33 points), Chemical (-24 points), Fertilizer (-17 points) and Pharma (-16 points).

Volumes declined from 1224.5 million shares to 936.7 million shares (-24 percent DoD). Average traded value also declined by 21 percent to reach US$ 142.7 million as against US$ 179.8 million.

Stocks that contributed significantly to the volumes include KEL, WTL, BYCO, HASCOL and GGGL, which formed 38 percent of total volumes.

Stocks that contributed positively to the index include HUBC (+27 points), PAKT (+17 points), POL (+16 points), KTML (+16 points) and SRVI (+9 points). Stocks that contributed negatively include ENGRO (-21 points), PPL (-17 points), COLG (-15 points), KEL (-14 points) and DGKC (-14 points).

KARACHI: The stock market ended down by 94 points on Tuesday while trading in range bound on account of profit booking.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 48,633 points as against previous day’s closing of 48,726 points, showing decline of 94 points.

Analysts at Arif Habib Limited said that the market traded range bound today on account of profit booking particularly in refinery, steel, cement and E&P sectors.

Index oscillated between -215 points and +115 points, closing the session -94 points. Technology sector failed to bounce back in the past sessions and similar downtrend was witnessed today.

E&P sector saw prominence of OGDC on the back of anticipated dividend payout, whereas Fertilizer sector remained under pressure after less than anticipated takeaways from the recently announced budget.

Among scrips, KEL topped the volumes with 312.9 million shares, followed by WTL (147.6 million) and BYCO (129.3 million).

Sectors contributing to the performance include Power (+80 points), Chemical (+12 points), Banks (-46 points), E&P (-45 points), Refinery (-24 points).

Volumes increased from 1217.8 million shares to 1224.6 million shares (+0.5 percent DoD). Average traded value declined by 34 percent to reach US$ 180.7 million as against US$ 274.4 million.

Stocks that contributed significantly to the volumes include KEL, WTL, BYCO, HASCOL and POWER, which formed 55 percent of total volumes.

Stocks that contributed positively to the index include HUBC (+52 points), KEL (+29 points), TRG (+28 points), FFC (+18 points) and PSO (+11 points). Stocks that contributed negatively include PPL (-32 points), LUCK (-21 points), SYS (-18 points), ENGRO (-17 points) and EFERT (-15 points).

KARACHI: The stock market gained 421 points on Monday as positive sentiments prevailed on budget announcement. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 48,726 points as against last Friday’s closing of 48,305 points, showing an increase of 421 points.

Analysts at Arif Habib Limited said that the market opened on a positive note following the Budget announcement on Friday evening.

Dividend anticipation from SOEs (State Owned Enterprises) helped OGDC propel to hit upper circuit (with a hefty dividend payout expectation), followed by positive price performance of PPL.

Similarly, positive measures for Footwear, Tyre, Refinery, Steel and Cement sectors supported the listed scrips in these sectors to perform positive during the session.

Market hit a high of 677 points after the pre-opening session, after which profit booking brought the index down by roundabout 400 points, however, buying momentum continued which enabled Index to close +421 points.

Among scrips, BYCO led the table with 108.4 million shares, followed by HUMNL (108.1 million) and WTL (98 million).

Sectors contributing to the performance include E&P (+202 points), Cement (+92 points), Engineering (+52 points), Banks (+42 points), O&GMCs (+32 points).

Volumes increased from 1024 million shares to 1217.8 million shares (+19 percent DoD). Average traded value also increased by 72 percent to reach US$ 275.1 million as against US$ 159.8 million.

Stocks that contributed significantly to the volumes include BYCO, HUMNL, WTL, ASL and AGL, which formed 32 percent of total volumes.

Stocks that contributed positively to the index include OGDC (+106 points), PPL (+68 points), SYS (+44 points), INIL (+27 points) and POL (+25 points). Stocks that contributed negatively include TRG (-61 points), FFC (-27 points), UNITY (-17 points), FFBL (-13 points) and NRL (-10 points).

The Pakistani stock market saw a significant surge on Thursday, gaining 474 points after positive comments from the Finance Minister during the disclosure of the Economic Survey of Pakistan for the outgoing fiscal year.

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KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) fell by 370 points on Wednesday as profit taking was witnessed during the day.

The index closed at 47,778 points from previous day’s closing of 48,148 points, showing a decline of 370 points,

Analysts at Topline Securities said that the equities closed negative.  After a slight positive opening profit taking has been witnessed at the bourse as Pakistan’s trade deficit widened by 20 percent to US$3.6 billion in May 2021 compared to US$3.0 billion in April 2021.  

E&Ps sector closed down 0.70 percent despite higher international oil prices. KAPCO down by 3.98 percent after announcing DPS of Rs5/share – lower than street expectation. Similarly TRG dented the KSE100 Index by 48 points.

Total traded volume and value for the day stood at 1,355 million shares and Rs23.18 billion, respectively. The volume leader for today’s session was WTL with 716.81 million shares exchanging hands.

KARACHI: The stock market witnessed a decline of 155 points on Tuesday mainly on selling pressure during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 48,148 points as against previous day’s closing of 48,303 points, showing a decline of 155 points.

Analysts at Arif Habib Limited said that the market slumped today while bearing selling pressure that began yesterday.

Increase in cement price / bag helped Cement stocks trade in green, whereas KAPCO saw price moving up on the notification of board meeting to consider interim dividend.

On the other hand, TRG contributed to downside in Index due to concerns over minimum global tax as envisaged by EU and US. Among scrips, WTL topped the volumes with 400 million shares, followed by BYCO (37.8 million) and HUMNL (35.1 million).

Sectors contributing to the performance include Technology (-72 points), O&GMCs (-41 points), Textile (-29 points), E&P (-19 points) and Refinery (-13 points).

Volumes increased from 936.1 million shares to 1,040.5 million shares (+11 percent DoD). Average traded value however declined by 14 percent to reach US$ 153.4 million as against US$ 177.7 million.

Stocks that contributed significantly to the volumes include WTL, BYCO, HUMNL, TPLP and PTC, which formed 52 percent of total volumes.

Stocks that contributed positively to the index include KAPCO (+29 points), HBL (+14 points), MCB (+12 points), DAWH (+12 points) and BAHL (+8 points). Stocks that contributed negatively include TRG (-74 points), PSO (-24 points), OGDC (-14 points), SNGP (-13 points) and KTML (-8 points).

KARACHI: The stock market witnessed a gain of 91 points on Monday amid heavy selling despite positive news flows related to budgetary measures.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 48,303 points as against last Friday’s closing of 48,212 points, showing an increase of 91 points.

Analysts at Arif Habib Limited said that the market saw heavy selling pressure today against all the positive news flow that came to fruition over the weekend, from possible reduction in CGT to duty reduction for Auto manufacturers and release of circular debt related payments to IPPs.

Reportedly, ISL increased steel prices today which helped the stock price gain during the session, however profit booking brought the price below LDCP by the closing. E&P, Refinery, O&GMCs, Technology stocks bore selling pressure.

KAPCO, which was the main beneficiary of release of circular debt related funds from the Government, could not stand firmly and selling pressure brought its price below LDCP briefly. Among scrips, HUMNL topped the volumes with 118 million shares, followed by WTL (80.5 million) and PTC (64.6 million).

Sectors contributing to the performance include Glass (+22 points), Fertilizer (+19 points), Textile (+18 points), Power (+14 points) and Cement (+12 points).

Volumes increased from 867.3 million shares to 936 million shares (+7 percent DoD). Average traded value also increased by 4 percent to reach US$ 178.3 million as against US$ 171.9 million.

Stocks that contributed significantly to the volumes include HUMNL, WTL, PTC, BYCO and TELE, which formed 37 percent of total volumes.

Stocks that contributed positively to the index include SYS (+27 points), GHGL (+22 points), KTML (+19 points), HUBC (+12 points) and PTC (+11 points). Stocks that contributed negatively include TRG (-25 points), PSO (-12 points), PPL (-10 points), NML (-9 points) and HBL (-9 points).

KARACHI: The stock market will likely remain positive during the next week with a view of a positive budget for the market, analysts said.

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