Tag: PSX

KARACHI: The stock market made a massive recovery of 1,369 points on Tuesday owing to increase in international oil prices and positive trend in global stocks.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,480 points as against 39,112 points showing an increase of 1,369 points.

Analysts at Arif Habib Limited said that the market rebounded today by adding a resounding +1400 points during the session and closing near day’s high at +1369 points.

Increase in international crude oil prices overnight as well as positive trend in global stock markets (following the Election day rally) helped the local bourse stage a comeback.

Besides, PM’s announcement with regards lowering the cost of electricity for Industrial consumers, which came by the end of session, also helped strengthen the Index.

Banking sector, which was under significant selling pressure during the past few sessions saw buyers taking charge over the sellers, giving way for the stock prices to trade near upper circuits.

Among scrips, UNITY led the table with 42.8 million shares, followed by POWER (35.6 million) and HASCOL (29.4 million).

Sectors contributing to the performance include Banks (+356 points), E&P (+170 points), Cement (+157 points), O&GMCs (+95 points) and Fertilizer (+91 points).

Volumes increased from 322.2 million shares to 383.9 million shares (+19 percent DoD). Average traded value also increased by 15 percent to reach US$ 86.2 million as against US$ 74.8 million.

Stocks that contributed significantly to the volumes include UNITY, POWER, HASCOL, AGHA and PIBTL, which formed 38 percent of total volumes.

Stocks that contributed positively to the index include HBL (+83 points), UBL (+79 points), POL (+70 points), LUCK (+64 points) and ENGRO (+61 points). Stocks that contributed negatively include COLG (-6 points), HGFA (-1 points) and EFUG (-0 points).

KARACHI: The stock market recorded 776 points decline on Monday owing to resurgence of coronavirus and end of results season.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 39,112 points as against 39,888 points showing a decline of 776 points.

Analysts at Arif Habib Limited said that the market continued the downtrend following end of earnings season as well as rapid spike in COVID related cases that resulted in a loss of 1109 points during the session, ending the session 776 points.

Market saw signs of intermittent recovery during the session on the pretext of SC’s decision on GIDC review case, which bodes well for Fertilizer stocks, as well as anticipation with regards Amnesty scheme.

However, selling pressure kept the Index recovery in check. Selling was observed across the board, however, brisk buying was seen in AGHA post listing, which took the stock price to upper circuit.

Among stocks, HASCOL topped the volumes with 32.4 million shares, followed by UNITY (31.1 million) and PIBTL (20.1 million).

Sectors contributing to the performance include Banks (-186 points), E&P (-143 points), O&GMCs (-71 points), Cement (-58 points) and Fertilizer (-53 points).

Volumes declined from 541.8 million shares to 322.3 million shares (-41 percent DoD). Average traded value also declined by 41 percent to reach US$ 74.7 million as against US$ 127 million.

Stocks that contributed significantly to the volumes include HASCOL, UNITY, PIBTL, PR and POWER, which formed 36 percent of total volumes.

Stocks that contributed positively to the index include DAWH (+17 points), DGKC (+5 points), UNITY (+4 points), NATF (+4 points) and IGIHL (+4 points). Stocks that contributed negatively include HBL (-69 points), OGDC (-66 points), PPL (-60 points), LUCK (-45 points) and MCB (-38 points).

KARACHI: The stock market trading likely range bound during next week on the back of concerns over rising number of cases and probable government measures to contain it.

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Karachi: The stock market has plunged by 1299 points on Thursday that can be attributed to surge in corona virus cases in the country.

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KARACHI: The stock market ended down by 195 points on Wednesday after trading in range bound.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,187 points as against 41,382 points showing a decline of 195 points.

Analysts at Arif Habib Limited said that the market traded range bound today between +306 points and -312 points, closing the session in red with -195 points.

Investors have lately been discounting the back to back good corporate results on concerns of rising COVID cases as well as end of Earnings season that has regressed the market to current levels.

E&P stocks went down (with the exception of PPL) following the downtrend in international crude oil prices, which declined 2.5 percent overnight.

PPL, on the other hand, saw brisk buying in the last half hour, making day’s high.

Among construction sector, STCL hit upper circuit, garnering significant trading volumes in the process, on the back of better expectation of results and construction activity to take place at the behest of the government.

Among scrips, UNITY led the volumes with 60.1 million shares, followed by PIBTL (31.2 million) and HASCOL (26.8 million).

Sectors contributing to the performance include Banks (-85 points), Cement (-67 points), Textile (-44 points), Pharma (-37 points) and O&GMCs (-19 points).

Volumes declined from 481 million shares to 368.4 million shares (-23 percent DoD). Average traded value also declined by 18 percent to reach US$ 94.3 million as against US$ 114.8 million.

Stocks that contributed significantly to the volumes include UNITY, PIBTL, HASCOL, HUBC and POWER, which formed 40 percent of total volumes.

Stocks that contributed positively to the index include HUBC (+96 points), PPL (+19 points), THALL (+13 points), GHGL (+13 points) and DAWH (+10 points). Stocks that contributed negatively include LUCK (-48 points), SEARL (-39 points), UBL (-30 points), HBL (-27 points) and POL (-23 points).

KARACHI: The share market witnessed a decline of 469 points on Tuesday owing to mixed trading session and later explosion in Peshawar.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,381 points as against previous day’s close of 41,850 points, showing a decline of 469 points.

Analysts at Topline Securities said that taking cue from global markets coupled with an explosion in Peshawar triggered profit taking at the bourse which dented the KSE-100 index by 469 points to close at 41,381.

On the results front, PSO posted 1QFY21 EPS of 11 (below industry estimates) which dragged the stock lower to the close the day down 3.17 percent while MCB and FFBL posted outstanding 3QCY20 earnings of 8.4 and 3.54 respectively, which were above industry estimates.

POL’s management also stated in its conference call that their formations in Jhandial 2 may turn out to be dry which resulted in the stock to close down 1.73 percent.

Major negative contributors to the benchmark included HBL, BAHL, PSO, TRG & OGDC who cumulatively dragged the index lower by around 190 points.

Total volume and value traded for the day clocked in at 480.67 million shares (down 1.3 percent DoD) and Rs. 18.42 billion (down 14.2 percent) respectively.

UNITY was the volume leader for today with 77.16 million shares traded.

The Pakistan Stock Market experienced a significant boost on Monday, with the benchmark KSE-100 index soaring by 585 points. This rise is attributed to positive stock market sentiments following the Financial Action Task Force (FATF) decision and the announcement of exceptional financial results from major companies.

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KARACHI: The stock market is expected to maintain a bullish trend in the coming week, driven by strong corporate profitability, according to analysts at Arif Habib Limited. They anticipate that the positive momentum seen in the stock market will continue, as political uncertainty diminishes and confidence in the economy strengthens.

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KARACHI: The stock market gained 67 points on Friday in a range bound trading activity.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,266 points as against 41,199 points showing an increase of 67 points.

Analysts at Arif Habib Limited said that the market traded range bound today between -135 points and +184 points.

The Index was swayed by mixed expectations on FATF (due to be announced today 7 PM PST) as well as the result announcements that saw E&P companies declining on the bourse, although international crude oil prices were stable.

Financial results kept the interest alive from Investors, however, persistent selling in Banks and E&P kept the Index in check.

UBL was scheduled to be announced by close of session, but was deferred to Monday as the meeting was still in progress.

Among scrips, MLCF topped the volumes with 45.7 million shares, followed by PRL (27.9 million) and UNITY (24.2 million).

Sectors contributing to the performance include Cement (+92 points), Insurance (+20 points), Fertilizer (+13 points), Banks (-31 points), E&P (-18 points) and Power (-11 points).

Volumes declined further from 500 million shares to 354.4 million shares (-29 percent DoD). Average traded value also declined by 10 percent to reach US$ 96.8 million as against US$ 107.2 million.

Stocks that contributed significantly to the volumes include MLCF, PRL, UNITY, FCCL and PIBTL, which formed 39 percent of total volumes.

Stocks that contributed positively to the index include LUCK (+25 points), ENGRO (+19 points), CHCC (+19 points), MLCF (+13 points) and KOHC (+10 points). Stocks that contributed negatively include BAHL (-18 points), HUBC (-18 points), EPCL (-10 points), OGDC (-9 points) and PPL (-7 points).