Tag: PSX

KARACHI: The share market ended down by 116 points on Friday in a range bound trading activity.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,868 points as against previous day’s closing of 45,984 points showing a decline of 116 points.

Analysts at Arif Habib Limited said that the market oscillated between +132 points and -294 points, ending the session down 116 points.

Global stock markets took breather since last evening, which trickled in regional markets as well.

KSE-100 saw across the board selling on the concern of monetary policy decision, which was announced in the last half hour of the session, besides the redemptions from mutual funds.

Increase in electricity tariff also affected investor sentiment towards manufacturing concerns. Among scrips, KEL realized the most volumes with 54 million shares, followed by FFL (24.6 million) and ICIBL (23.7 million).

Sectors contributing to the performance include E&P (-51 points), Fertilizer (-21 points), Technology (-19 points), O&GMCs (-16 points) and Power (-13 points).

Volumes declined from 606.3 million shares to 430.6 million shares (-29 percent DoD). Average traded value also declined by 12 percent to reach US$ 98.5 million as against US$ 111.5 million.

Stocks that contributed significantly to the volumes include KEL, FFL, ICIBL, PIBTL and FFBL, which formed 34 percent of total volumes.

Stocks that contributed positively to the index include SYS (+21 points), KTML (+15 points), FABL (+13 points), FFBL (+12 points) and INIL (+11 points).

Stocks that contributed negatively include TRG (-40 points), ENGRO (-16 points), MARI (-16 points), PPL (-14 points) and OGDC (-14 points).

KARACHI: The share market gained 307 points on Thursday as buying activities seen on positive sentiments.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,984 points as against 45,677 points showing an increase of 307 points.

Analysts at Arif Habib Limited said that the market went up today with 467 points during the session, closing the session +307 points.

The renegotiation of the government with power sector on resolution of circular debt has paved the way for HUBC, KAPCO and KEL to perform.

On the other hand, a pause in institutional selling (due to redemptions) helped the Index recover today. Banking and E&P sectors recovered from selling observed in past 2 sessions, besides Cement sector that performed in anticipation of better quarterly results.

Among scrips, KEL led the volumes with 143.8 million shares (24 percent of total volumes), followed by HUMNL (43.2 million) and PIBTL (31.4 million).  

Sectors contributing to the performance include Banks (+69 points), Cement (+67 points), Technology (+41 points), Textile (+34 points) and Fertilizer (+32 points).

Volumes increased from 476.6 million shares to 606.3 million shares (+27 percent DoD). Average traded value however declined by 6 percent to reach US$ 111.6 million as against US$ 119.1 million.

Stocks that contributed significantly to the volumes include KEL, HUMNL, PIBTL, FFL and UNITY, which formed 43 percent of total volumes.

Stocks that contributed positively to the index include LUCK (+43 points), ENGRO (+27 points), TRG (+25 points), KTML (+24 points) and BAHL (+23 points). Stocks that contributed negatively include MARI (-11 points), UNITY (-9 points), SHFA (-5 points), BAFL (-4 points) and JLICL (-4 points).

KARACHI: The share market fell by 226 points on Wednesday owing to profit taking observed during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,677 points as against previous day’s closing of 45,903 points, showing a decline of 226 points.

Analysts at Arif Habib Limited said that the market dipped further by 358 points during the session courtesy of redemption at mutual funds which prompted selling in Banks, E&P, Power, Cement and O&GMCs.

Investors preferred switching to Food, Chemical and Power sectors as safe haven. E&P stocks went contrary to the trend of international crude oil prices, which went up overnight.

Textile sector also saw selling pressure, partly due to yet another deferral of the most awaited textile policy. Among scrips, SILK topped the volumes with 42.6 million shares, followed UNITY (40.9 million) and HUMNL (38.5 million).  

Sectors contributing to the performance include E&P (-62 points), Fertilizer (-47 points), Banks (-45 points), Cement (-30 points) and Technology (-30 points).

Volumes declined from 491.7 million shares to 476.6 million shares (-3 percent DoD). Average traded value also declined by 4 percent to US$ 119.2 million as against US$ 124.2 million.

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

Stocks that contributed positively to the index include HBL (+34 points), UNITY (+22 points), MARI (+9 points), PAKT (+7 points) and APL (+6 points). Stocks that contributed negatively include OGDC (-34 points), HUBC (-32 points), ENGRO (-29 points), MCB (-24 points) and PPL (-22 points).

The Pakistan stock market witnessed a modest gain of 177 points amid range-bound trading activities, with the benchmark KSE-100 index closing at 45,903 points, up from the previous day’s close of 45,726 points.

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KARACHI: The Pakistan Stock Exchange (PSX) experienced a downturn on Monday, with the share market closing lower by 204 points as selling pressure dominated trading activities throughout the day.

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Karachi: The stock market likely to remain positive during the next week on the back of healthy earnings expectations, analysts said.

The analysts at Arif Habib Limited said that the market to remain positive on the back of healthy earnings expectations, which will drive the index.

Moreover, the ongoing rollout of vaccines across the globe will most likely keep equity markets buoyant.

The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) is currently trading at a PER of 7.7x (2021) compared to the Asia Pac regional average of 17.9x and while offering DY of around 6.2 percent versus 2.5 percent offered by the region.

The market commenced on a positive note briefly on the back of the government and power companies reaching a master agreement, breaching 46,000 level on Monday.

Governor SBP’s statement regarding IMF program revival kept sentiment positive. Furthermore, the announcement of auto sales figures by PAMA (15 percent YoY growth in December 2020) ignited bullish sentiments in the Automobile Assemblers Sector.

Expectations of better corporate results particularly amongst cyclical sectors kept the overall sentiment buoyant.

The KSE-100 Index closed at 45,931 points, gaining 277 points (up 0.61 percent) WoW.

Sector-wise positive contributions came from:

i) Technology & Communication (168 points),

ii) Power Generation & Distribution (66 points),

iii) Engineering (41 points),

iv) Glass & Ceramic (37 points), and

v) Textile Composite (34 points).

Whereas, sectors that contributed negative included:

i) Fertilizer (63 points),

ii) Tobacco (30 points) and

iii) Oil & Gas Exploration Companies (27 points).

Scrip-wise positive contributions were led by i) SYS (89 points), ii) TRG (82 points), iii) INIL (42 points), iv) KAPCO (42 points), and v) GHGL (37 points).

Foreign selling this week clocking-in at USD 2.1 million compared to a net buy of USD 3.4 million last week. Selling was witnessed in Cement (USD 0.9 million) and FMCG (USD 0.8 million).

On the domestic front, major buying was reported by Individuals (USD 24.0 million and Banks / DFIs (USD 1.2 million).

Average volumes arrived at 682 million shares (up by 9 percent WoW). Whereas, average value traded settled at USD 129 million (down by 16 percent WoW).

Karachi: The share market fell by 58 points on Friday owing to selling activity observed during the day, analysts said.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,931 points as against previous day’s close of 45,990 points, showing a decline of 58 points.

The analysts at Arif Habib Limited said that the market traded in a narrow range between -114 points and +188 points, closing the session -58 points.

Selling activity was observed almost across the board, but was more prominent in cement, banks and O&GMC sectors.

Engineering (Steel) sector performed well in relative terms on the back of expectation of an increase in product prices. Among scrips, HUMNL topped the volumes with 66.3 million shares, followed by POWER (45.2 million) and FFBL (23.7 million).

Sectors contributing to the performance include Banks (-50 points), Cement (-33 points), Fertilizer (-20 points), Tobacco (-18 points) and Chemical (-16 points).

Volumes declined further from 620.7 million shares to 531.1 million shares (-15 percent DoD). Average traded value also declined by 10 percent to reach US$ 111.3 million as against US$ 123.6 million.

Stocks that contributed significantly to the volumes include HUMNL, POWER, FFBL, TRG and KOSM, which formed 33 percent of total volumes.

Stocks that contributed positively to the index include HUBC (+24 points), NATF (+18 points), GHGL (+13 points), INIL (+11 points) and APL (+11 points). Stocks that contributed negatively include MCB (-22 points), HBL (-20 points), PAKT (-18 points), LUCK (-11 points) and EFERT (-10 points).

KARACHI: The stock exchange fell by 103 points on Thursday in range-bound trading activities during the day.

The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 45,989 points as against the previous day’s close of 46,092 points showing a decline of 103 points.

Analysts at Arif Habib Limited said that the market saw profit booking today after testing 46k level a number of times during the week.

The index oscillated between -239 points and +181 points during the session and closed -103 points.

Selling activity was observed in Banks, Cement, E&P sectors, which was caused by a host of reasons including a slight decline in international crude oil prices.

Among fertilizer sector stocks, FFBL performed well on the back of subsidy on DAP, being announced and taken into effect.

Delay in issuance of the textile policy, which was earlier scheduled to be announced yesterday is now postponed for tomorrow. Among scrips, HUMNL topped the volumes with 57.5 million shares, followed by KEL (45.6 million) and FFBL (25.8 million).

Sectors contributing to the performance include E& (-70 points), Cement (-31 points), Fertilizer (-17 points), Pharma (-14 points) and Technology (-20 points).

Volumes declined from 845.2 million shares to 620.7 million shares (-27 percent DoD). The average traded value also declined by 26 percent to reach US$ 123.7 million as against US$ 167.7 million.

Stocks that contributed significantly to the volumes include HUMNL, KEL, FFBL, KAPCO and KOSM, which formed 28 percent of total volumes.

Stocks that contributed positively to the index include KAPCO (+23 points), SYS (+20 points), COLG (+15 points), GHGL (+13 points) and PAKT (+13 points). Stocks that contributed negatively include OGDC (-34 points), ENGRO (-18 points), HUBC (-17 points), PPL (-16 points) and POL (-14 points).