Tag: PSX

KARACHI: The stock exchange gained 262 points on Monday after making recovery from early day losses.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,069 points as against 40,807 points showing an increase 262 points.

Analysts at Arif Habib Limited said that the market opened on a negative note with -24 points and slipped a total of 137 points during the session, before Banking sector took the front seat and drove the index to recover the intra-day loss and put together an increase of 308 points. The index closed +262 points.

MSCI semi-annual index review changes, which were made earlier in the month, had today as the effective date. Resultantly, MCB among banking sector and OGDC, PPL among E&P sector saw brisk activity.

PSO also reacted to the prospect of share swap arrangement as proposed by the Petroleum Division to settle Circular debt among public sector entities in the energy chain.

Although, international crude oil prices were down on the concerns of OPEC+ meeting scheduled for tomorrow, where deferment of oil supply till Q1, 2021 will be taken.

Among scrips, HUMNL topped the volumes with 88.5 million shares, followed by TRG (31.7 million) and PRL (24.7 million).

Sectors contributing to the performance include Technology (+57 points), Banks (+50 points), O&GMCs (+48 points), Cement (+36 points) and E&P (+25 points).

Volumes declined from 397.8 million shares to 388.6 million shares (-2 percent DoD). Average traded value however, increased by 7 percent to reach US$ 88.2 million as against US$ 82.5 million.

Stocks that contributed significantly to the volumes include HUMNL, TRG, PRL, KEL and UNITY, which formed 47 percent of total volumes.

Stocks that contributed positively to the index include TRG (+49 points), PSO (+39 points), MCB (+22 points), UBL (+20 points) and LUCK (+20 points). Stocks that contributed negatively include BAHL (-16 points), ENGRO (-16 points), PAKT (-11 points), FFC (-11 points) and KEL (-7 points).

KARACHI: The stock market likely to move with increase or decrease in number of cases during the next week.

Market’s mood on Monday is contingent upon the the news flow over the weekend, analysts said.

The lockdown effects need to be seen on the numbers, however, the cases & infection rates are still on the rising trend.

Economic activity is low while the partial lockdown should reduce demand for USD to keep currency/FX reserves buoyant.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) gained 1.5 percent on week-on-week basis.

Major events during the outgoing week were:

– Monetary Policy Committee maintaining policy rate at 7 percent,

– news that government is expected to hire advisers for Eurobond by early next week,

– imposition of constraints on business hours across country on recommendation of NCOC amid rising Covid cases,

– SBP’s forex reserves crossing $13 billion mark on arrival of government of Pakistan official inflows and

– news that government intends to pay dues of 53 IPPs in shape of promissory notes in two or three installments.

Foreigners continue to be sellers in the market, as during the week they sold equities worth $8.39 million. This selling was largely absorbed by companies, mutual funds and insurance sector as they net purchased equities worth $2.35 million, $1.39 million and $1.44 million respectively s of yesterday.

KARACHI: The stock market has lost 224 points on Friday as the market witnessed buying activity during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,807 points as against 41,031 points showing a decline of 224 points.

Analysts at Arif Habib Limited said that the market opened on a negative note today with -54 points and closed the first session -133 points.

Index lost a total of 278 points during the session, however, buying activity in banks, cement, refineries and technology sector helped the index gain some points. The index closed -224 points.

E&P and Cement sector stocks observed selling pressure primarily due to concerns on slow cement dispatches as well as staid crude prices. Among scrips, UNITY led the volumes with 53.4 million shares, followed by TRG (45.8 million) and KEL (23.1 million).

Sectors contributing to the performance include E&P (-86 points), Cement (-51 points), Fertilizer (-38 points), Banks (-31 points) and O&GMCs (-23 points).

Volumes increased from 389.2 million shares to 397.8 million shares (+2 percent DoD). Average traded value however, declined by 18 percent to reach US$ 82.5 million as against US$ 100.5 million.

Stocks that contributed significantly to the volumes include UNITY, TRG, KEL, HUMNL and MLCF, which formed 41 percent of total volumes.

Stocks that contributed positively to the index include TRG (+40 points), MTL (+17 points), COLG (+11 points), UNITY (+7 points) and SCBPL (+4 points).

Stocks that contributed negatively include PPL (-33 points), LUCK (-28 points), OGDC (-24 points), ENGRO (-22 points) and HUBC (-18 points).

KARACHI: The stock market gained 654 points on Thursday as trading activities were seen in energy sector.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,031 points as against 40,377 points showing an increase of +654 points.

Analysts at Arif Habib Limited said that the market followed the momentum shown yesterday, and added another 750 points during the session, closing +654 points.

The index was again led by E&P stocks in the beginning, but following the dip in international crude oil prices during the active session, E&P stocks also saw a reversion.

Cement sector stocks rebounded well with PIOC and MLCF hitting upper circuits. After a lull, observed in past week or so, Cement sector performed well today with considerably high volumes.

Banking sector stocks remained range bound and did not show any excitement, be it price or volume. Overall volumes grew further to 388 million shares as compared to below 200 million volumes in past several sessions.

Among scrips, UNITY topped the volumes with 49.9 million shares, followed by TRG (33.2 million) and MLCF (29.6 million).

Sectors contributing to the performance include Cement (+150 points), E&P (+89 points), Banks (+65 points), Technology (+50 points) and Power (+42 points).

Volumes increased from 241.9 shares to 389.2 million shares (+61 percent DoD). Average traded value also increased by 63 percent to reach US$ 100.6 million as against US$ 61.7 million.

Stocks that contributed significantly to the volumes include UNITY, TRG, MLCF, HUMNL and PIBTL, which formed 38 percent of total volumes.

Stocks that contributed positively to the index include LUCK (+38 points), TRG (+32 points), PPL (+32 points), HUBC (+32 points) and MLCF (+30 points).

Stocks that contributed negatively include DAWH (-5 points), SCBPL (-3 points), PMPK (-2 points), UBL (-2 points) and ICI (-2 points).

KARACHI: The stock market witnessed a gain of 514 points on Wednesday as trading activity was seen in energy sector following increase in prices of international crude oil.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,378 points as against 39,863 points showing an increase of 514 points.

Analysts at Arif Habib Limited said that E&P stocks drove the market today, contributing surge in the index, with OGDC and PPL hitting upper circuit at close.

Crude oil prices increased significantly overnight and maintained the momentum during today’s session as well, which particularly helped those Investors concerned with decline in Cement dispatches to switch to better alternative.

Banks, Textile and Fertilizer sector also contributed to the positivity. Cement sector continued the downturn today and traded below respective LDCPs the entire session.

Among scrips, FFBLR topped the volumes with 28.5 million, followed by TRG (21.1 million) and UNITY (20.8 million).

Sectors contributing to the performance include E&P (+280 points), Banks (+93 points), Technology (+78 points), O&GMCs (+31 points) and Fertilizer (+25 points).

Volumes increased from 174.7 million shares to 213.4 million shares (+22 percent DoD). Average traded value also increased by 42 percent to reach US$ 60.7 million as against US$ 42.6 million.

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

Stocks that contributed positively to the index include PPL (+93 points), OGDC (+90 points), POL (+68 points), SYS (+41 points) and TRG (+34 points). Stocks that contributed negatively include HUBC (-23 points), LUCK (-17 points), FCCL (-9 points), EFERT (-8 points) and ABOT (-6 points).

KARACHI: The stock market gained 231 points on Tuesday as investors have showing positive sentiments in banking and energy sectors.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 39,863 points as against 39,632 points showing an increase of 231 points.

Analysts at Arif Habib Limited said that the market traded in the positive zone today, even though Government announced lock down and School closures yesterday.

Consistent increase in international crude oil prices helped E&P stocks stage a comeback, whereas Banks and O&GMCs also traded positively for most part of the session.

Cement sector saw selling pressure, which came on the back of anticipation of slow growth in Cement dispatches due to winter season.

The underlying Cement sector stocks saw trading at discount of 12 percent to 18 percent from their respective recent peaks.

By the end of session, renewed buying interest was seen in Cement sector, which brought the index up, closing +231 points. Trading volumes remained below 200 million.

Sectors contributing to the performance include E&P (+67 points), Banks (+41 points), Fertilizer (+26 points), Technology (+22 points) and O&GMCs (+18 points).

Volumes declined from 174.7 million shares as against 195.1 million shares (-11 percent DoD). Average traded value also declined by 9 percent to reach US$ 42.4 million as against US$ 46.7 million.

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

Stocks that contributed positively to the index include POL (+23 points), DAWH (+18 points), MARI (+18 points), LUCK (+16 points) and OGDC (+16 points). Stocks that contributed negatively include COLG (-6 points), INDU (-6 points), DGKC (-5 points), ENGRO (-4 points) and MLCF (-4 points).

KARACHI: The share market ended down by 555 points on Monday following rise in coronavirus cases and imposition of partial lockdown in different cities.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 39,633 points as against 40,187 points showing a decline of 555 points.

Analysts at Arif Habib Limited said that following the rising cases of Corona and partial lock down in different cities, coinciding with the roll-over week, the KSE100 index took heavy bantering that resulted in Index losing 873 points during the session.

O&GMCs, Banks, Cement sector stocks played major role in this drop. E&P sector stocks saw trades executed below respective LDCPs, with the exception of POL, which recovered on the back of increase in international crude prices.

SBP also announced Monetary Policy keeping the rate unchanged at 7 percent, which was in line with street consensus.

Sectors contributing to the performance include Banks (-121 points), Cement (-65 points), O&GMCs (-64 points), Technology (-42 points) and Fertilizer (-41 points).

Volumes increased to 195.5 million shares against 189.6 million shares the other day (+3 percent DoD). Average traded value however declined by 1.4 percent to reach US$ 46.4 million as against US$ 47.05 million.

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

Stocks that contributed positively to the index include COLG (+6 points), POL (+5 points), ABOT (+3 points), NESTLE (+3 points) and HMB (+3 points).

Stocks that contributed negatively include HBL (-30 points), PSO (-26 points), TRG (-26 points), MEBL (-17 points) and MCB (-17 points).

KARACHI: The rising cases of COVID and fear of complete lockdown to keep investors away from venturing in the market during coming days.

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KARACHI: The stock market fell by 354 points on Friday owing to imposition of smart lockdown and schedule announcement of monetary policy statement (MPS).

The benchmark KSE-100 Index of Pakistan Stock Exchange (PSX) closed at 40,187 points as against 40,541 points showing a decline of 354 points.

Analysts at Arif Habib Limited said that the market took negative turn today by dipping down 414 points during the day and closed -354 points.

MoC saw selling pressure building up in banks and cements, for reasons that next week is roll-over, government has imposed smart lock down in areas where corona incidence is on the increase and State Bank of Pakistan (SBP) is due to announce monetary policy on Monday eve.

E&P stocks bit the dust as well, although international crude oil prices were up and trading positive. Among scrips, UNITY topped the volumes with 39.7 million shares, followed by TRG (14.2 million) and MLCF (10.1 million).

Sectors contributing to the performance include Banks (-91 points), Cement (-63 points), Inv Banks (-52 points), Technology (-38 points) and O&GMCs (-30 points).

Volumes increased to 189.9 million shares as against 188.5 million shares (+0 percent DoD). Average traded value however declined by 4 percent to reach US$ 47.1 million as against US$ 50 million (-6 percent DoD).

Stocks that contributed significantly to the volumes include UNITY, TRG, MLCF, EPCL and WTL, which formed 41 percent of total volumes.

Stocks that contributed positively to the index include ILP (+7 points), MTL (+5 points), UNITY (+4 points), NML (+4 points) and PMPK (+4 points). Stocks that contributed negatively include DAWH (-51 points), UBL (-29 points), LUCK (-26 points), TRG (-23 points) and BAFL (-18 points).