Tag: PSX

KARACHI: The stock market likely turn green after facing five consecutive red sessions owing to expected healthy financial results to be announced during the next week.

Analysts at Arif Habib Limited said that the market to turn positive in the coming week given healthy earnings expectations in the ongoing result season.

They also highlighted that the Pak Rupee had appreciated against the USD to PKR 158.82 in the outgoing week.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 7.4x (2021) compared to Asia Pac regional average of 17.7x and while offering DY of 6.5 percent versus 2.5 percent offered by the region.

The market commenced on a negative note as investors resorted to profit taking. Despite finalization of agreement between IPPs and the Government, sentiment in Power sector remained lackluster.

While as international oil prices crossed USD 60/bbl during mid-week, brief interest was witnessed in the E&P sector.

Albeit this was short-lived as oil prices corrected slightly by week end, and market participants sidelined from the E&P stocks.

Pertinently, this week the market witnessed its highest ever single day volume of 1,125 million shares. With that said, the market closed red on all five days, closing at 45,808 points, down by 1,098 points / 2.4 percent WoW.

Sector-wise negative contributions came from i) Commercial Banks (448 points), ii) Fertilizer (267 points), iii) Oil & Gas Exploration Companies (175 points) and iv) Power Generation & Distribution (113 points). Whereas sectors that contributed positively include i) Cements (318 points), Technology & Communication (16 points) and Refinery (16 points).

Scrip-wise negative contributors were UBL (105 points), HBL (100 points), and ENGRO (99 points) while positive contributors included LUCK (144 points), DGKC (63 points), and KOHC (36 points).

Foreign selling continued this week clocking-in at USD 3.2 million compared to a net sell of USD 2.7 million last week. Selling was witnessed in Commercial Banks (USD 4.3 million) and E&P (USD 0.4 million). On the domestic front, major buying was reported by Individuals (USD 12.7 million and Companies (USD 8.4 million).

Average volumes arrived at 734 million shares (up by 32 percent WoW) while average value traded settled at USD 169 million (down by 1.5 percent WoW).

KARACHI: The share market fell by 247 points on Friday as selling pressure continued during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,808 points as against previous day’s closing of 46,055 points showing a decline of 247 points.

Analysts at Arif Habib Limited said that the market saw repeat of selling pressure witnessed yesterday in the second session, which was driven by institutional selling and caused the market closing in red.

The second session today saw aggressive selling, particularly in E&P, Banks and O&GMCs sector that brought the Index down by -247 points.

Draw down in international crude oil prices supplemented the decline in E&P sector. Cement sector continued the uptrend with DGKC, LUCK, PIOC moving up and helped adding +303 points during the session.

Technology stocks also saw profit booking, barring NETSOL that despite declaring nominal EPS and hitting session’s low, bounced back strong.

Among scrips, WTL topped the volumes with 58.6 million, followed by TELE (37.8 million) and TRG (17.9 million).

Sectors contributing to the performance include Banks (-114 points), E&P (-109 points), Power (-64 points), Inv Banks (-40 points) and Fertilizer (-16 points).

Volumes declined from 1.12 bn shares to 442.7 million shares (-61 percent DoD). Average traded value also declined by 41 percent to reach US$ 131.7 million as against US$ 224.1 million.

Stocks that contributed significantly to the volumes include WTL TELE, TRG, DGKC and PIBTL, which formed 32 percent of total volumes.

Stocks that contributed positively to the index include LUCK (+58 points), SYS (+23 points), DGKC (+22 points), MTL (+10 points) and PIOC (+6 points). Stocks that contributed negatively include OGDC (-42 points), DAWH (-40 points), HUBC (-37 points), POL (-35 points) and MCB (-30 points).

The Pakistan share market witnessed a significant downturn on Thursday as the benchmark KSE-100 index fell by 589 points, closing at 46,056 points compared to the previous day’s 46,644 points.

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a subdued trading session on Wednesday, as the stock market ended the day with a marginal loss of 31 points. The benchmark KSE-100 index settled at 46,644 points, slipping slightly from the previous day’s closing of 46,675 points. The market showed signs of cautious sentiment as investors opted for profit booking after recent gains.

KARACHI: The stock market fell by 47 points on Tuesday owing to mixed trading activities during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 46,675 points as against previous day’s closing of 46,722 points showing a decline of 47 points.

Analysts at Arif Habib Limited said that anticipation of better quarterly results as well as continued Bull Run in international crude oil prices boosted investor confidence to take new positions in O&GMCs, E&P and refinery sectors.

Banking sector stocks remained under selling pressure following the downtrend witnessed in the recent sessions. Power and Refinery sectors also performed well on the expectation of finalization of OMC Policy by the government.

Among scrips, TELE realized trading volume of 62.8 million shares, followed by PRL (43.1 million) and HASCOL (39.7 million).  

Sectors contributing to the performance include Banks (-79 points), Pharma (23 points), Textile (-20 points), E&P (+44 points) and O&GMCs (+22 points).

Volumes increased from 428.6 million shares as against 664.0 million shares (+55 percent DoD). Average traded value also increased by 28 percent to reach US$ 178.1 million as against US$ 139.2 million.

Stocks that contributed significantly to the volumes include TELE, PRL, HASCOL, TRG and PIBTL, which formed 32 percent of total volumes.

Stocks that contributed positively to the index include POL (+22 points), PSO (+20 points), KAPCO (+15 points), MEBL (+15 points) and ATRL (+14 points). Stocks that contributed negatively include UBL (-30 points), HBL (-26 points), MCB (-24 points), ENGRO (-13 points) and FCEPL (-12 points).

KARACHI: The share market witnessed a decline of 184 points on Monday as profit booking was seen across the board.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 46,721 points as against 46,906 points showing a decline of 184 points.

Analysts at Arif Habib Limited said that the market saw selling pressure at the beginning of the week, which was also observed in the last trading session when Index crossed 47,000 level.

Profit booking was observed across the board, especially in Banks, E&P, Cement and Fertilizer sectors that kept any increase in index in check.

The Index swayed positively by 168 points earlier in the session, however, ended the session -184 points.

Conclusion of IPPs agreeing with the Government on power tariff as well resolution of circular debt helped Power, Refinery and O&GMCs sectors to contribute positively to the Index.

Similarly, Tech stocks performed well today with TRG closing upper circuit. Among scrips, WTL topped the volumes with 52.9 million shares, followed by TELE (35.6 million) and TRG (33.1 million).  

Sectors contributing to the performance include Fertilizer (-101 points), Cement (-53 points), Banks (-53 points), Chemical (-27 points) and Inv Banks (-22 points).

Volumes declined from 440.2 million shares to 428.6 million shares (-3 percent DoD). Average traded value also declined by 16 percent to reach US$ 139.0 million as against US$ 165.5 million.

Stocks that contributed significantly to the volumes include WTL, TELE, TRG, HASCOL and PRL, which formed 39 percent of total volumes.

Stocks that contributed positively to the index include TRG (+91 points), POL (+29 points), MARI (+16 points), SYS (+9 points) and OGDC (+8 points). Stocks that contributed negatively include ENGRO (-44 points), FFC (-26 points), HBL (-22 points), DAWH (-20 points) and EFERT (-19 points).

KARACHI: The stock market likely to stay green during next week as the country recorded a decline in infection rate of COVID cases.

Analysts at Arif Habib Limited said that the market to continue trading in the green. COVID cases have seen a further decline with infection ratios coming down to below 4 percent this week.

Cyclicals are expected to continue being in the limelight while recent rise in oil prices may continue to attract attention in E&P scrips.

The benchmark KSE-100 index of Pakistan Stock Exchange is currently trading at a PER of 7.6x (2021) compared to Asia Pac regional average of 17.1x and while offering DY of 6.3 percent versus 2.6 percent offered by the region.

The domestic bourse continued its ascent this week, closing at 46,906 points (+520 points WoW), a ~3.5-Yr high. Rally in the equity market has continued with investors celebrating the start of the vaccination drive across the country. Moreover, with the onset of the result season, corporate earnings are showing and are expected to continue showing a strong momentum particularly amongst cyclicals.

This week agreements were also initiated between IPPs and CPPAG attracting bulls once again to the power sector while jump in oil prices (Arab Light is up 4.6 percent WoW) kept E&P scrips in the green as well.

Sector-wise positive contributions came from

i) Oil & Gas Exploration Companies (334 points),

ii) Power Generation & Distribution (101 points), and

iii) Fertiliser (90 points).

 Whereas sectors that contributed negatively included: Technology and Communication (94 points), Engineering (59 points) and Commercial Banks (45 points).

Top scrip-wise contributors were MARI (147 points), OGDC (93 points), and HUBC (78 points) while laggards included TRG (130 points), HBL (46 points), and INIL (38 points).

Foreign selling continued this week clocking-in at USD 2.7 million compared to a net sell of USD 9.1 million last week. Selling was witnessed in Cements (USD 2.0 million) and technology and Communication (USD 0.5 million).

 On the domestic front, major buying was reported by Individuals (USD 9.5 million and Companies (USD 6.6 million). Average volumes arrived at 554 million shares (down by 18 percent WoW) while average value traded settled at USD 171 million (up by 1.2 percent WoW).

KARACHI: The stock market fell by nominal 28 points on Thursday owing to profit taking as investors preferred profit booking considering long weekend.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 46,905 points as against previous day’s closing of 46,933 points, showing a slight decline of 28 points.

Analysts at Arif Habib Limited said that last trading session of the short trading week made yet another new high of 47,339 points with E&P, O&GMCs, Banks and Cement sectors contributing to the upsurge.

Being a long weekend ahead, Investors preferred booking profit than holding the positions to meet an unforeseen event over the weekend.

Resultantly, the index eroded the gains of 406 points made during the session to close the session -28 points. Banking sectors saw almost across the board slide, whereas Engineering (Steel) sector also saw regression. Among scrips, PRL realized trading volumes of 34.4 million shares, followed by TRG (30.3 million) and KEL (18.6 million).  

Sectors contributing to the performance include E&P (+119 points), Fertilizer (+21 points), Banks (-37 points), Pharma (-34 points), and Technology (-29 points).

Volumes declined from 616.3 million shares to 440.3 million shares (-29 percent DoD). Average traded value also declined by 11 percent to reach US$ 165.1 million as against US$ 184.2 million.

Stocks that contributed significantly to the volumes include PRL, TRG, KEL, PIBTL and HASCOL, which formed 26 percent of total volumes.

Stocks that contributed positively to the index include MARI (+70 points), OGDC (+42 points), LUCK (+29 points), SYS (+18 points) and ENGRO (+16 points). Stocks that contributed negatively include TRG (-47 points), AGP (-19 points), MCB (-16 points), PAKT (-14 points) and MLCF (-14 points).