Tag: PSX

KARACHI: The equity market gained 151 points on Monday to observe positive streak and follow international market movement.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 35,203 points as against 35,051 points showing an increase of 151 points.

Analysts at Arif Habib Limited said that the market went up 187 points during the session and made a comfortable close above 35200 level.

E&P, OMC, Cement and Pharma sectors performed well. Although profit booking was also observed in Pharma sector.

Fertilizer sector bore price loss on the back of profit booking. Among Chemical sector, both LOTCHEM and EPCL performed well with LOTCHEM closing at upper circuit.

Technology sector led the volumes with 66.8 million shares, followed by Chemical (48.7 million) and Cable (39.2 million). Among scrips, TRG did 37.7 million shares, followed by PAEL (37.6 million) and LOTCHEM (30.8 million).

Sectors contributing to the performance include E&P (+40 points), Cement (+34 points), Pharma (+26 points), O&GMCs (+26 points) and Autos (+18 points).

Volumes increased from 175.7 million shares to 332.2 million shares (+89 percent DoD). Average traded value also increased by 66 percent to reach US$ 67 million as against US$ 40.4 million.

Stocks that contributed significantly to the volumes include TRG, PAEL, LOTCHEM, MLCF and JSCL, which formed 40 percent of total volumes.

Stocks that contributed positively to the index include PPL (+16 points), PSO (+16 points), INDU (+14 points), GLAXO (+10 points) and TRG (+10 points). Stocks that contributed negatively include HUBC (-40 points), DAWH (-34 points), FFC (-18 points), BAFL (-7 points), and PTC (-6 points).

KARACHI: The equity market likely to stay positive in the coming week owing to fall in corona cases during past couple of days.

Analysts at Arif Habib Limited said that the market to remain positive in the upcoming week.

With COVID-19 cases reducing on daily basis along with higher recovery rate we expect investor confidence to improve.

Given further inflow of funds, SBP’s foreign reserves are expected to swell up, which will stabilize Pak Rupee/USD parity.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 7.4x (2020) compared to Asia Pac regional average of 12.9x and while offering DY of 6.4 percent versus 2.8 percent offered by the region.

The market commenced on a positive note this week amid rally in OMC scrips due to rise in petroleum prices last week, followed by increase in international oil prices (leading to upward movement in E&P scrips).

Furthermore, approval of Federal Budget 2020-21 in National Assembly, monetary funding worth USD 500 million from World Bank and loan from Chinese Banks of USD 1.3 billion led to higher investor sentiment.

Moreover, inflation for June 2020 of 8.59 percent remained in line with expectations. Besides this, urea offtake surging to 76 percent MoM in June 2020 added fuel to the sentiment.

Additionally, foreign reserves of SBP jumped up to USD 11.23 billion given monetary funds from multilateral institutions last week, after which PKR/USD parity settled at PKR 166.21.

The market settled at 35,051 points, gaining 1,112 points (up by 3.3 percent) WoW.

Sector-wise positive contributions came from i) Commercial (176 point), ii) Cements (170 point), iii) Oil & Gas Exploration Companies (140 point), iv) Fertilizer (136 point) and v) Technology & Communication (85 point). However, sector-wise negative contribution came from i) Automobile Parts & Accessories (7 point) and ii) Textile Spinning (4 point). Scrip-wise positive contributions were led by LUCK (107 point), OGDC (81 point), MCB (72 point), TRG (59 point) and PSO (50 point).

Foreign selling continued this week clocking-in at USD 20.5mn compared to a net sell of USD 9.9mn last week. Selling was witnessed in Commercial Banks (USD 8.8 million) and E&P (USD 3.9 8.8 million). On the domestic front, major buying was reported by Insurance Companies (USD 17.5 8.8 million) and Companies (USD 9.6 8.8 million).

Average Volumes settled at 251 8.8 million shares (up by 42 percent WoW) while average value traded clocked-in at USD 51 8.8 million (up by 45 percent WoW).

KARACHI: The stock market ended with 73 points on Friday after traded in narrow range trading.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 35,051 points as against 34,978 points showing an increase of 73 points.

Analysts at Arif Habib Limited said that the market traded in a narrow range today between -60 points and +127 points, closing the session +73 points.

Pharma sector stood out with SEARL, FEROZ traded at and near upper circuits. Engineering (Steel) sector also showed price gains, barring MUGHAL, which closed negative.

Banking sector showed mixed trend, but buying activity was observed in HBL, UBL and BAFL. Among Fertilizer sector, EFERT realized high volume with price gains. Cement, E&P and OMCs on the other hand saw profit booking and closed red.

Technology sector topped the volumes with 51.7 million shares, followed by Inv Banks (14.8 million) and Cement (13.8 million).

Among Scrips, TRG realized trading volume of 23.3 million shares, followed by JSCL (12.7 million) and HUMNL (9.1 million).

Sectors contributing to the performance include Pharma (+34 points), Banks (+32 points), Fertilizer (+28 points), Technology (+16 points), Cement (-33 points).

Volumes declined from 383 million shares to 175.8 million shares (-54 percent DoD). Average traded value also declined by 46 percent to reach US$ 40.6 million as against US$ 74.9 million.

Stocks that contributed significantly to the volumes include TRG, JSCL, HUMNL, WTL and PTC, which formed 35 percent of total volumes.

Stocks that contributed positively to the index include FFC (+24 points), SEARL (+23 points), TRG (+21 points), UBL (+21 points) and BAFL (+15 points). Stocks that contributed negatively include LUCK (-16 points), HUBC (-12 points), OGDC (-9 points), MCB (-8 points), and PSO (-7 points).

KARACHI: The equity market gained 89 points on Thursday in a mixed trading activity, analysts said.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,978 points as against 34,889 points showing an increase of 89 points.

Analysts at Arif Habib Limited said that the KSE-100 index went up by 288 points during the session, which was contributed by a mix of sectors including Cements and Fertilizer sectors (which hit day’s high in early trading, but faced profit booking in later part of the session). Banking sector gained further as investors showed renewed interest post release of CPI data.

Among Cyclicals, Engineering (Steel) showed better performance contributed by MUGHAL and ASTL primarily, trading at and near upper circuits. Similar price performance was witnessed in Pharma stocks, among which SEARL and FEROZ remained prominent.

Technology sector contributed most to the traded volumes with 105.3 million shares, followed by Cement (51.7 million) and Banks (27.3 million). Among scrips, WTL topped 52.6 million shares, followed by TRG (28.6 million) and MLCF (21.1 million).

Sectors contributing to the performance include Banks (+58 points), Technology (+24 points), Food (+16 points), Pharma (+14 points), Power (-37 points).

Volumes increased further from 315 million shares to 383.1 million shares (+22 percent DoD). Average traded value also increased by 17 percent to reach US$ 74.9 million as against US$ 63.9 million.

Stocks that contributed significantly to the volumes include WTL, TRG, MLCF, PAEL and HASCOL, which formed 37 percent of total volumes.

Stocks that contributed positively to the index include NESTLE (+20 points), MCB (+19 points), UBL (+18 points), BAHL (+18 points) and EFERT (+14 points). Stocks that contributed negatively include HUBC (-31 points), FFC (-13 points), DAWH (-13 points), MEBL (-8 points), and MARI (-8 points).

KARACHI: The stock market gained 468 points on Wednesday to begin the new fiscal year 2020/2021 on positive note.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,889 points as against 34,421 points showing an increase of 468 points.

Analysts at Arif Habib Limited said that the first day of the financial year 2021 took the index close to 35K level, posting gains of 502 points during the session, mostly inline with regional markets.

Major contributors were Cement (on the back of recent increase in cement price / bag and reduction in FED charges), E&P (due to an increase in international crude prices), OMCs (primarily PSO, which gained from recent increase in retail price, eroding inventory losses at financial year end) and Fertilizer (for reasons of provision of cheap gas for feedstock for few fertilizer companies).

Technology sector realized 78.8 percent shares, followed by Cement (64.4 percent) and Power (44.6 percent). Among scrips, KEL topped 39.1 percent shares, followed by HUMNL (30.7 percent) and TRG (26.5 percent).

Sectors contributing to the performance include Cement (+178 points), E&P (+116 points), Power (+87 points), Fertilizer (+84 points) and O&GMCs (+25 points).

Volumes increased further from 223.3 percent shares to 315.0 percent shares (+41 percent DoD). Average traded value also increased from US$ 44.6 percent to US$ 63.5 percent (+42 percent DoD).

Stocks that contributed significantly to the volumes include KEL, HUMNL, TRG, MLCF and DGKC, which formed 43 percent of total volumes.

Stocks that contributed positively to the index include LUCK (+95 points), HUBC (+68 points), OGDC (+58 points), PPL (+41 points) and ENGRO (+38 points). Stocks that contributed negatively include UBL (-22 points), BAFL (-17 points), MCB (-16 points), BAHL (-14 points), and HBL (-11 points).

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed 2019/2020 with a positive return after two consecutive years in red, portraying a Pak Rupee based increase of 1.5 percent.

Analysts at Arif Habib Limited said that the performance of the fiscal year 2019/2020 is in stark contrast to the last 10-year performance of the benchmark index, which has depicted an average positive return of 15.4 percent.

Key highlights of the outgoing year include:

Macroeconomic concerns were largely controlled before COVID-19 outbreak, especially on the external side [CAD (still under control), currency stability, and building up of FX reserves].

However, post COVID-19 outbreak, the economy slowed down significantly amid introduction of a lockdown and overall decline in consumer spending.

The government announced a fiscal stimulus amounting PKR 1.3tn while the SBP announced various schemes/incentives to support households and industries’ stressed cash cycles alongside a reduction of 625 basis points since March 2020 post COVID-19 to stimulate spending and economic activity.

Profitability declined by -7.2n percent YoY in 9MFY20.

Foreign outflow (USD 279 million) continued for the fifth consecutive year. However, foreigners bought T-bills and PIBs worth USD 688 million.

KARACHI: The stock market gained 240 points to end the fiscal year on Tuesday over improved sentiments of investors over approval of finance bill and successful action by security forces against terrorists a day earlier.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,422 points as against 34,182 points showing an increase of 240 points.

Analysts at Arif Habib Limited said that the financial year ended on a positive note with 240 points at 34,422 points.

Trading volumes also improved over the day, however, the focus was still at marked to market valuation of securities in the portfolios.

Among banking sector stocks, HBL and NBP did high volumes, amid small price gains. Comparatively, MCB posted better gains but the volumes remained in check. Cement sector stocks, which performed well during the past 2 sessions, remained muted.

E&P sector stocks also lacked any excitement, which coincided with international crude oil prices, showing nominal price changes.

Refinery sector led the volumes with 43.3 million shares, followed by O&GMCs (27.4 million) and Technology (27.1 million). Among scrips, PRLR did 39.1 million shares, followed by SSGC (14.6 million) and TRG (13.7 million).

Sectors contributing to the performance include Banks (+140 points), Fertilizer (+30 points), Food (+24 points), Technology (+21 points) and Power (+16 points).

Volumes increased from 156.9 million shares to 223.3 million shares (+42 percent DoD). Average traded value also increased by 33 percent to reach US$ 44.7 million as against US$ 33.5 million.

Stocks that contributed significantly to the volumes include PRLR1, SSGC, TRG, KEL and HUMNL, which formed 37 percent of total volumes.

Stocks that contributed positively to the index include MCB (+69 points), NESTLE (+21 points), UBL (+17 points), OGDC (+17 points) and HBL (+15 points). Stocks that contributed negatively include PPL (-12 points), HCAR (-7 points), JLICL (-6 points), KOHC (-4 points), and SHEL (-4 points).

KARACHI: The successful operation by law enforcement agencies (LEAs) against the terror attack on the Pakistan Stock Exchange (PSX) on Monday boosted investor confidence, resulting in the KSE-100 index closing with a gain of 242 points.

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