Tag: PSX

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).

KARACHI: The stock market added 26 points on Thursday owing to narrow range trading during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,541 points as against 40,515 points showing an increase of 26 points.

Analysts at Arif Habib Limited said that the market continued trading in a narrow range amid below 200 million trading volumes as observed in the past couple of sessions.

Uncertainty on lockdown and rising COVID cases amid finalization of IMF review, kept the market in limbo with HBL, UBL and LUCK adding some points to the contribution pulled back by OGDC, PPL and DGKC.

International oil prices also remained range bound causing E&P stocks to trade in a narrow range, especially POL. Banking sector, overall, helped the Index climb 230 points during the session, however, ended the session +26 points.

Sectors contributing to the performance include E&P (-16 points), Inv Banks (-15 points), Cement (+17 points), Technology (+16 points) and Banks (+15 points).

Volumes increased from 145.8 million shares to 188.5 million shares (+30 percent DoD). Average traded value also increased by 28 percent to reach US$ 50 million as against US$ 39.1 million.

Stocks that contributed significantly to the volumes include TRG, UNITY, FABL, ASL and NETSOL, which formed 37 percent of total volumes.

Stocks that contributed positively to the index include HBL (+27 points), TRG (+21 points), LUCK (+17 points), UBL (+11 points) and ILP (+8 points). Stocks that contributed negatively include BAHL (-22 points), DAWH (-15 points), PPL (-13 points), OGDC (-12 points) and FFC (-7 points).

KARACHI: The stock market ended down by 138 point on Wednesday owing to range bound trading activities during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,514 points as against 40,653 points showing a decline of 138 points.

Analysts at Arif Habib Limited said that the market traded range bound today but maintained a downtrend in contrast with yesterday.

Banks, E&P and Cement sector stocks dipped on concerns relating to spread of coronavirus as well as resumption of IMF package, which requires an upward adjustment in electricity tariff as well as curtailment of subsidies.

International crude oil prices went up by 1 percent during the session, however, local E&P companies failed to reciprocate. Foreign selling in banking sector stocks created an extra pressure on the Index, which lost 308 points during the session, closing -138 points.

Among scrips, TRG topped volumes with 11.9 million shares, followed by UNITY (8.7 million) followed by SNBL (6.4 million).

Sectors contributing to the performance include E&P (-51 points), Cement (-24 points), O&GMCs (-17 points), Fertilizer (-16 points) and Food (-10 points).

Volumes remained low at 145.9 million shares compared with 150.3 million the other day (-5 percent DoD). Average traded value declined by 2 percent to reach US$ 39.1 million as against US$ 40 million.

Stocks that contributed significantly to the volumes include TRG, UNITY, SNBL, KEL and AVN, which formed 26 percent of total volumes.

Stocks that contributed positively to the index include MCB (+15 points), TRG (+12 points), ISL (+6 points), MEBL (+6 points) and FFC (+5 points). Stocks that contributed negatively include HBL (-20 points), PPL (-19 points), ENGRO (-17 points), PSO (-14 points) and POL (-14 points).

KARACHI: The share market gained 148 points on Tuesday despite lack of trading activities and lower volume.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,653 points as against 40,505 points showing an increase of 148 points.

Analysts at Arif Habib Limited said that the market traded in the positive zone for the entire session, however, activity remained lackluster for lack of clear triggers for the market.

The State Bank of Pakistan (SBP) is expected to announce monetary policy in the coming week, which gives investors a reason to switch portfolio positions per their views on policy rate.

Banking sector stocks, especially UBL and MCB, stole the limelight. E&P sector saw selling pressure after making a stride earlier in the session, which followed the climb in international crude oil prices.

Volumes remained thin overall, where none of the top volume leaders could cross 10 million shares in today’s trading.

Sectors contributing to the performance include Banks (+93 points), E&P (+52 points), Cement (+22 points), Chemical (-21 points) and Power (-12 points).

Volumes continued the declining trend and further slashed to 150.3 million shares as against 243 million shares the day before (-38 percent DoD).

Average traded value also declined by 20 percent to reach US$ 40 million as against US$ 49.9 million.

Stocks that contributed significantly to the volumes include TRG, BIPL, SNBL, PRL and UNITY, which formed 29 percent of total volumes.

Stocks that contributed positively to the index include UBL (+51 points), POL (+22 points), PPL (+20 points), MARI (+15 points) and LUCK (+13 points). Stocks that contributed negatively include COLG (-28 points), SYS (-14 points), HUBC (-13 points), FFC (-11 points) and OGDC (-5 points).