Tag: PSX

KARACHI: The share market witnessed a gain of 165 points on Friday mainly due to activities in energy sector after rise in international oil prices.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,470 points as against 42,305 points showing an increase of 165 points.

Analysts at Arif Habib Limited said that the market added a total of 322 points during the session and closed +165 points.

International crude oil prices went overboard in last night’s trading which saw both WTI and Brent increasing by 4 percent and Brent crossing US$50/bbl level, which was last observed in March 2020. Local E&P sector saw pronounced impact of crude oil prices, with significant interest in OGDC and PPL.

Similarly, banking sector stocks showed persistent interest from investors, especially in HBL and NBP. Among Cement sector stocks, LUCK performed relatively better in comparison with its peers.

Volume leaders had PRL on top slot with 84.7 million shares, followed by ANL (35.2 million) and UNITY (35.2 million).

Sectors contributing to the performance include E&P (+117 points), Textile (+33 points), Power (+26 points), Refinery (+15 points) and O&GMCs (+14 points).

Volumes increased from 472.3 million shares to 557.6 million shares (+18 percent DoD). Average traded value also increased by 24 percent to reach US$ 149.3 million as against US$ 120.6 million.

Stocks that contributed significantly to the volumes include PRL, ANL, UNITY, TRG and HASCOL, which formed 37 percent of total volumes.

Stocks that contributed positively to the index include OGDC (+43 points), PPL (+27 points), POL (+24 points), MARI (+23 points) and HUBC (+21 points).

Stocks that contributed negatively include MCB (-32 points), TRG (-28 points), COLG (-10 points), BAFL (-10 points) and HMB (-7 points).

KARACHI: The stock market gained 102 points on Thursday amid cautious approach of investors amid negative reports from political front.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,306 points as against 42,204 points showing an increase of 102 points.

Analysts at Arif Habib Limited said that the market maintained the cautious approach as have been witnessed in the previous sessions, however, in the process discounted the potential negative impact of resignation of Opposition parties from National and Provincial Assemblies as well as the threat of Indian false flag operation.

Investors focused gaze on fundamentally sound scrips, essentially the main board scrips, such as HBL and NBP which not only highlights dividend prospects but have so far shown healthy profits in the bottom line.

Cement sector remained range bound, as did O&GMCs and Fertilizer sectors. Investors, in general, have been waiting for a clear positive trigger and have weathered the threats from Political as well as Law and order situation. PIBTL topped the volumes with 50 million shares, followed by UNITY (35.6 million) and KEL (34.1 million).

Sectors contributing to the performance include Banks (+47 points), Technology (+21 points), Cement (+15 points), Transport (+13 points), Fertilizer (+12 points) and E&P (-20 points).

Volumes increased from 438.1 million shares to 472.1 million shares (+8 percent DoD). Average traded value also increased by 2 percent to reach US$ 120.1 million as against US$ 118.3 million.

Stocks that contributed significantly to the volumes include PIBTL, UNITY, KEL, PRL and TRG, which formed 40 percent of total volumes.

Stocks that contributed positively to the index include FFC (+32 points), TRG (+21 points), HBL (+17 points), BAHL (+15 points) and PIBTL (+13 points). Stocks that contributed negatively include ENGRO (-20 points), MARI (-10 points), POL (-7 points), KTML (-5 points) and UBL (-5 points).

KARACHI: The stock market gained 102 points on Wednesday as the market discounted all the hype created by the opposition parties yesterday on plans of tendering resignations from the National and Provincial assemblies.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,204 points as against 42,101 points showing an increase of 102 points (+0.2 percent DoD).

Analysts at Arif Habib Limited said that the market discounted all the hype created by the opposition parties yesterday on plans of tendering resignations from the National and Provincial assemblies.

Banking sector played vital role in the shape of HBL and UBL taking charge again after a lull of almost 2 months since announcement of 3QFY20 financial results.

International crude prices went positive as well, trading +1 percent that helped E&P stocks inch up.

Chemical and O&GMCs also contributed to the positivity and helped the index maintain level above 42,200.

The Index swayed between +248 points and -72 points, and closed the session +102 points. Among scrips, TRG topped the volumes with 33.7 million shares, followed by LOTCHEM (27.1 million) and UNITY (26.1 million).

Sectors contributing to the performance include E&P (+44 points), Technology (+20 points), Power (-13 points), Tobacco (-10 points) and Autos (-6 points).

Volumes increased from 409.7 million shares to 438.1 million shares (+7 percent DoD). Average traded value also increased by 3 percent to reach US$ 118.3 million as against US$ 115.3 million.

Stocks that contributed significantly to the volumes include TRG, LOTCHEM, UNITY, HASCOL and MLCF, which formed 30 percent of total volumes.

Stocks that contributed positively to the index include TRG (+30 points), OGDC (+24 points), PPL (+12 points), UBL (+11 points) and HBL (+10 points).

Stocks that contributed negatively include HUBC (-18 points), PAKT (-9 points), BAHL (-9 points), SYS (-9 points) and MLCF (-8 points).

KARACHI: The stock market ended down by 14 points on Tuesday amid range bound trading activities during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,102 points as against 42,115 points showing a decline of 14 points.

Analysts at Arif Habib Limited said that the market remained range bound with an oscillation of +119 points and -167 points and closing the session -14 points.

Cement sector stocks bounced on the news of further investment in Cement sector in Punjab, however, close of session saw selling pressure that brought the prices down. Banking sector performed relatively better with growing interest in NBP, MCB and UBL, whereas trading volumes also improved in the previous sessions despite consistent selling from foreign investors. International crude prices stay muted which became the reason for consolidation in E&P sector stocks.

Tech stocks continued the trailblazing performance, with NETSOL trading near upper circuit and strong interest in TRG despite the price coming down. Among scrips, MLCF topped the volumes with 31.6 million shares, followed by FFL (23.1 million) and TRG (22.5 million).

Sectors contributing to the performance include Cement (+48 points), Banks (+35 points), Engineering (+16 points), E&P (-37 points) and Technology (-27 points).

Volumes increased from 380.5 million shares to 409.6 million shares (+8 percent DoD). Average traded value also increased by 3 percent to reach US$ 115.4 million as against US$ 111.8 million.

Stocks that contributed significantly to the volumes include MLCF, FFL, TRG, HASCOL and UNITY, which formed 29 percent of total volumes.

Stocks that contributed positively to the index include MLCF (+19 points), UBL (+14 points), ENGRO (+13 points), ISL (+11 points) and MCB (+10 points). Stocks that contributed negatively include PPL (-19 points), FFC (-15 points), SYS (-14 points), PSO (-14 points) and SEARL (-13 points).

KARACHI: The share market ended down by 92 points on Monday while trading in narrow range during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,115 points as against 42,207 points, showing a decline of 92 points.

Analysts at Arif Habib Limited said that the market traded in a narrow range today after opening on a positive note with +41 points.

The session saw index swaying +114 points and -160 points, demonstrating Investors general lack of interest due to concerns over political uncertainty.

Selling pressure was mostly evident in Cement sector stocks, however, E&P stocks also failed to perform amid sticky oil prices in the international market.

Technology sector stocks performed relatively better with NETSOL hitting upper circuit, while TRG trading in the positive zone.

Although ASL and ISL increased product prices, the market didn’t react as positively as they could have. Among scrips, TRG topped the volumes with 41.2 million shares, followed by UNITY (33.2 million) and GGLR1 (18 million).

Sectors contributing to the performance include E&P (-54 points), Cement (-26 points), O&GMCs (-14 points), Banks (-12 points), Power (-12 points), Technology (+19 points) and Insurance (+14 points).

Volumes declined from 427.9 million shares to 380.5 million shares (-11 percent DoD). Average traded value also declined by 2 percent to reach US$ 111.6 million as against US$ 113.3 million.

Stocks that contributed significantly to the volumes include TRG, UNITY, JSCL, PRL and AVN, which formed 32 percent of total volumes.

Stocks that contributed positively to the index include TRG (+16 points), AICL (+13 points), BAHL (+12 points), NESTLE (+9 points) and EPCL (+7 points). Stocks that contributed negatively include OGDC (-27 points), PPL (-25 points), MCB (-15 points), DAWH (-10 points) and LUCK (-10 points).

The stock market is likely to move in tandem with the daily number of coronavirus cases and the upcoming major show of opposition parties next week.

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KARACHI: The share market gained 159 points on Friday despite lackluster response from the investors during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,207 points as against 42,048 points showing an increase of 159 points.

Analysts at Arif Habib Limited said that the market traded range bound today, although remained positive the entire session, but lacked the excitement from Investors’ end to make a forward move.

International crude oil prices increased after OPEC+ made the decision for a gradual increase in output in 2021.

E&P stocks responded cautiously to the price increase. O&GMCs, Cement sector stocks saw selling pressure on the concerns over political uncertainty as well as Index correction after an increase of around 2800 points.

The index went up by 269 points during the session, however, selling pressure in the last half hour brought the index down slightly, closing the session +159 points.

Among scrips, TRG posted 42.6 million shares in trading volumes, followed by PRL (30.9 million) and PTC (21.7 million).

Sectors contributing to the performance include E&P (+61 points), Banks (+57 points), Technology (+31 points), O&GMCs (-16 points) and Fertilizer (-12 points).

Volumes increased slightly from 420.3 million shares to 427.5 million shares (+2 percent DoD). Average traded value also increased by 0.5 percent to reach US$ 113.2 million as against US$ 112.6 million.

Stocks that contributed significantly to the volumes include TRG, PRL, PTC, ASL and KEL, which formed 32 percent of total volumes.

Stocks that contributed positively to the index include OGDC (+38 points), TRG (+26 points), UBL (+15 points), PPL (+12 points) and HMB (+11 points). Stocks that contributed negatively include FFC (-12 points), MTL (-11 points), SNGP (-8 points), PSO (-7 points) and EFERT (-6 points).

KARACHI: The share market ended with an increase of 20 points on Thursday as market traded in range bound during the day.

The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 42,047 points against 42,027 points showing an increase of 20 points.

Analysts at Arif Habib Limited said that the market traded range bound after a gradual yet sketchy run up from around 39500 level till now, which has resulted in an addition of 2500 points however, investors still seem perplexed for reasons of rising cases of corona and potential negative impact of lock down.

International crude prices also traded direction less for want of an impending decision by OPEC+ regarding crude output. Resultantly, E&P stocks also traded range bound without much excitement.

Cement and Steel sectors saw cautious buying activity, however, selling pressure kept the increase in prices in check. Among scrips, TRG led the table with 35.2 million shares, followed by MLCF (30.9 million) and ASL (29.6 million).

Sectors contributing to the performance include Power (-7 points), Pharma (-4 points), E&P (-2 points), Autos (+8 points), Cement (+7 points) and Fertilizer (+5 points).

Volumes declined from 476.8 million shares to 420 million shares (-12 percent DoD). Average traded value also dipped by 12 percent to reach US$ 112.5 million as against US$ 127.4 million.

Stocks that contributed significantly to the volumes include TRG, MLCF, ASL, HASCOL and PRL, which formed 36 percent of total volumes.

Stocks that contributed positively to the index include SYS (+27 points), LUCK (+17 points), MCB (+15 points), FFC (+15 points) and PSO (+12 points).

Stocks that contributed negatively include TRG (-12 points), MTL (-12 points), SEARL (-11 points), HBL (-8 points) and COLG (-7 points).

KARACHI: The stock market on Wednesday added 362 points after carrying the momentum shown in the past couple of sessions.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,027 points as against 41,665 points showing an increase of 362 points.

Analysts at Arif Habib Limited said that the market carried the momentum shown in the past couple of sessions and finally crossed the 42,000 index level.

Cement sector led the Index on the back of an increase in Cement price / bag in North Region, which coincided with brisk buying activity in small and mid-caps in Autos, Chemical, Steel, Refinery and Miscellaneous sectors that pulled the index with 409 points. The Index closed the session +362 points.

International crude oil prices also started recovering on the news of UK announcing expeditious delivery of vaccine. Among scrips, UNITY topped the volumes with 39.7 million shares, followed by TRG (38.5 million) and PRL (34.5 million).

Sectors contributing to the performance include Autos (+75 points), Banks (+57 points), Technology (+38 points), Cement (+34 points) and Power (+31 points).

Volumes declined from 489.6 million shares to 476.9 million shares (-3 percent DoD). Average traded value however, increased by 5 percent to reach US$ 127.2 million as against US$ 121.4 million.

Stocks that contributed significantly to the volumes include UNITY, TRG, PRL, MLCF and HUMNL, which formed 36 percent of total volumes.

Stocks that contributed positively to the index include BAHL (+42 points), TRG (+41 points), MTL (+40 points), HUBC (+24 points) and LUCK (+23 points). Stocks that contributed negatively include PPL (-14 points), PKGS (-5 points), HBL (-4 points), EFUG (-3 points) and KTML (-3 points).

KARACHI: The share market gained 596 points on Tuesday after a peaceful rally of various political parties under the umbrella of Pakistan Democratic Movement (PDM) and lower reported cases of coronavirus.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,665 points as compared with the previous day’s closing of 41,069 points, showing a gain of 596 points.

Analysts at Topline Securities said that the market continued its positive momentum with the KSE-100 Index closing the day at 41,665.

Safe completion of the PDM rally along with lower COVID cases improved sentiment at the bourse.

Major positive contributors to the benchmark index were HUBC, ENGRO & PAKT who cumulatively added 170.43 points to the index.

Volumes also saw an uptick with the total traded volume clocking in at 489 million shares while total traded value was registered at Rs19.5 billion.

UNITY was today’s volume leader with 67.87 million shares traded and the stock closing up 7.05 percent amid news reports that the company is all set to issue a Rs3 billion Sukuk to fund its working capital requirements.