Tag: PSX

KARACHI: Coronavirus fear to haunt the local bourses during next week as it has already dented the market badly in the outgoing week.

Analysts at Arif Habib Limited said that with the extension of global panic over coronavirus and its spill-over on markets, currencies and commodities alike, pressure on the benchmark KSE-100 index to sustain.

Albeit, topsy-turvy trend of the market on last day of the week suggests that recent correction has opened up valuations and select sectors may come under limelight.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 6.6x (2020) compared to Asia Pac regional average of 11.4x and while offering DY of ~7.2 percent versus ~2.9 percent offered by the region.

Given the outbreak of Coronavirus across 40-odd countries with no signs of containment in sight, global equities and commodities (such as Oil) were quick to witness a rout.

Moreover, Moody’s report signaling an adverse impact on local Banks post Pakistan’s inclusion in the FATF’s Grey List, further eroded sentiments.

That said, Pakistan and IMF’s staff-level agreement on the second review under the $6 billion Extended Fund Facility (EFF) provided respite to the market.

The local equity bourse shed 2,266points (5.6 percent WoW) to close at 37,984 points, depicting the biggest weekly decline since 16th Jun 2017 in points.

Sector-wise negative contributions came from i) E&P (575 points) led by weakness in International oil prices, ii) Commercial Banks (531 points), iii) Fertilizer (278 points), iv) Power Generation & Distribution (233 points), and v) Oil and Gas Marketing Companies (191 points). Scrip-wise negative contributions were led by PPL (256 points), OGDC (194 points), HUBC (170 points), HBL (152 points), and ENGRO (103 points).

Foreign selling continued this week clocking-in at USD 22.5mn compared to a net sell of USD 8.6 million last week.

Selling was witnessed in Commercial Banks (USD 7.6 million) and E&P (USD 4.8 million). On the domestic front, major buying was reported by Insurance Companies (USD 25.3 million) and Banks / DFIs (USD 7.8 million).

Average Volumes settled at 174 million shares (up by 63 percent WoW) while average value traded clocked-in at USD 48 million (up by 54 percent WoW).

KARACHI: The stock market fell by 104 points on Friday amid reports of Pakistan and International Monetary Fund (IMF) reached on a staff-level agreement.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) Index closed at 37,984 points as against 38,087 points showing a decline of 104 points.

Analysts at Arif Habib Limited said that the market continued the path to recovery after melting yesterday and then later staging a comeback.

The index went up by 220 points and also saw -329 points, closing the session -104 points. Cement and Steel sectors remained the outperformers, with further price gains following yesterday’s performance. Banking sector scrips generally faced selling pressure with NBP bearing lower circuit, whereas BOP could post only nominal gain.

Continuous slide in international crude prices kept the E&P, OMCs and Refinery sector under pressure.

Cement sector topped the volumes with 48.3 million shares, followed by Banks (26.1 million) and O&GMCs (23.4 million). Among scrips, HASCOL realized 18.5 million shares, followed by MLCF (17.6 million) and UNITY (14 million).

Sectors contributing to the performance include E&P (-130 points), Banks (-90 points), Power (-32 points), O&GMCs (-16 points), Cement (+73 points), Fertilizer (+54 points), Pharma (+18 points).

Volumes increased from 147.9 million shares to 201.6 million shares (+36 percent DoD). Average traded value also increased by 23 percent to reach US$ 55.7 million as against US$ 45.1 million.

Stocks that contributed significantly to the volumes include HASCOL, MLCF, UNITY, BOP and DGKC, which formed 36 percent of total volumes.

Stocks that contributed positively include ENGRO (+39 points), LUCK (+34 points), MEBL (+29 points), FFC (+18 points) and SEARL (+17 points). Stocks that contributed negatively include HBL (-46 points), PPL (-45 points), OGDC (-41 points), MCB (-35 points), and POL (-31 points).

KARACHI: The stock market ended by a decline of 251 points on Thursday after making recovery from significant fall earlier in the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 38,087 points as against 38,338 points showing a decline of 251 points.

Analysts at Arif Habib Limited said that the market made a strong comeback after losing 1420 points earlier in the session.

The recovery extended into MoC and closed the session -251 points. Concerns relating to Coronoa were on investors’ minds that caused the selling pressure, which was also aggravated by Moody’s report on banking sector, relaying negativity on the banking sector.

Recovery however, also came in banking sector, followed by Cement which has recently been showing decent progress in terms of dispatches. Cement sector led the volumes with 39.4 million shares, followed by Vanaspati (29.1 million) and O&GMCs (28.8 million).

Among scrips, UNITY topped with 29.1 million shares, followed by HASCOL (17.5 million) and MLCF (15.1 million).

Sectors contributing to the performance include E&P (-131 points), O&GMCs (-50 points), Food (-42 points), Autos (-25 points), Insurance (-25 points), Banks (+61 points) and Cement (-27 points).

Volumes increased from 147.9 million shares to 248.9 million shares (+68 percent DoD). Average traded value also increased by 44 percent to reach US$ 64.7mn as against US$ 45.1 million.

Stocks that contributed significantly to the volumes include UNITY, HASCOL, MLCF, BOP and TRG, which formed 35 percent of total volumes.

Stocks that contributed positively include UBL (+62 points), HBL (+30 points), MCB (+21 points), LUCK (+16 points) and ENGRO (+16 points).

Stocks that contributed negatively include PPL (-55 points), OGDC (-46 points), POL (-31 points), BAHL (-25 points), and NESTLE (-24 points).

KARACHI: The stock market fell by 1,051 points in early trading on Thursday after coronavirus cases confirmed by the government authorities.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is current trading (10:30AM) at 37,287 points losing around 1051 points.

The coronavirus haunted the stock market since start of this week. Today the market fell sharply after two cases of coronavirus were confirmed by the health ministry last night.

KARACHI: The stock market witnessed decline of another 520 points on Wednesday owing to selling pressure.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 38,338 points as against 38,858 points showing a decline of 520 points.

Analysts at Arif Habib Limited said that the market observed continuation of downward trend today with index falling by 784 points during the session and closing -520 points.

Similar to previous couple of sessions, foreign selling kept the local investors cautious despite positive news triggers. International crude price traded below US$50/bbl that caused E&P and OMC stocks to slide.

Similarly, Banking sector saw profit booking by concerned investors as foreign selling continued unabated.

Vanaspati segment realized trading volumes of 29.8 million shares, followed by O&GMCs 1(17.4 million) and Cement (16 million).

Among scrips, UNITY led the volumes with 29.8 million shares, followed by HASCOL (10.4 million) and TRG (7.5 million).

Sectors contributing to the performance include Fertilizer (-78 points), Banks (-77 points), Power (-68 points), O&GMCs (-50 points) and Inv Banks (-50 points).

Volumes increased from 124.3 million shares as against 147.8 million shares (+19 percent DoD). Average traded value also increased by 16 percent t reach US$ 45.1 million as against US$ 38.6 million.

Stocks that contributed significantly to the volumes include UNITY, HASCOL, TRG, BOP and MLCF, which formed 40 percent of total volumes.

Stocks that contributed positively include HMB (+9 points), SCBPL (+4 points), MUREB (+3 points), SHFA (+2 points) and SEARL (+2 points).

Stocks that contributed negatively include HUBC (-63 points), ENGRO (-56 points), DAWH (-48 points), UBL (-38 points), and PAKT (-32 points).

KARACHI: The stock market was remained under pressure during the course of the day as concerns over coronavirus in neighboring country Iran continued to weigh down on investor sentiment.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 38,858 points as against 39,144 points showing a decline of 285 points.

Analysts at Topline Securities said that KSE 100 index remained under pressure during the course of the day as concerns over coronavirus in neighboring country Iran continued to weigh down on investor sentiment.

Result announcement of main board companies that clocked in lower than the street consensus didn`t offer any respite to the market.

Analysts at Arif Habib Limited said that the market opened 105 points down but quickly went green with 104 points for a short while, only falling back in to red zone for the rest of the session.

During the session, index lost 451 points and closed the session -285 points. E&P, Banks, and OMCs largely faced selling pressure, whereas Cement and Steel sectors showed price gains.

PPL announced financial results today and failed to impress the investors that resulted in further selling in the stock. Cement sector led the table with 17.7 million shares, followed by Banks (17.6 million) and Technology (12.4 million).

Among scrips, UNITY topped the chart with 10 million shares, followed by BOP (9.2 million) and HASCOL (8.6 million).

Sectors contributing to the performance include Banks (-116 points), E&P (-81 points), Fertilizer (-47 points), Tobacco (-34 points), Power (-28 points) and Cement (+25 points).

Volumes declined from 144.2 million shares to 124.3 million shares (-14 percent DoD). Average traded value however, increased from US$ 35.7 million to US$ 386 million (+8 percent DoD).

Stocks that contributed significantly to the volumes include UNITY, BOP, HASCOL, KEL and MLCF, which formed 33 percent of total volumes.

Stocks that contributed positively include MEBL (+20 points), NBP (+13 points), EFERT (+12 points), KOHC (+7 points) and MARI (+7 points). Stocks that contributed negatively include UBL (-54 points), PPL (-52 points), ENGRO (-49 points), HBL (-42 points), and MCB (-36 points).

KARACHI: The stock market plunged by 1,105 points or 2.7 percent on Monday owing to rising coronavirus cases in neighboring country.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 39,144 points as against 40,249 points showing a decline of 1105 points (-2.7 percent DoD).

Analysts at Arif Habib Limited said that the market bled a total of 1169 points during the session and closed 1105 points down from LDCP.

Concerns from pending IMF Executive Board’s decision to developing and worsening situation at border with Iran due to Corona virus and decline in international crude oil prices caused panic among investors.

Foreign investors have largely been sellers during the past couple of sessions due to possible de-tracking and reversal of rupee appreciation that the currency has realized so far since last quarter.

Barring 48 scrips in green and 17 scrips unchanged, a total of 271 scrips on the Bourse saw decline across the board including E&P, Refineries, OMCs, Cement, Steel and Banking sectors being the prominent ones.

O&GMCs topped the volumes with 18.3 million shares, followed by Banks (17.4 million) and Cement (17.1 million).

Among scrips, HASCOL realized volumes of 14.4 million, followed by UNITY (11.5 million) and KEL (10.6 million).

Sectors contributing to the performance include Banks (-311 points), E&P (-188 points), Fertilizer (-109 points), Power (-94 points) and Cement (-82 points).

Volumes increased from 85.6 million shares to 144.1 million shares (+68 percent DoD). Average traded value also increased by 54 percent to reach US$ 35.7 million as against US$ 23.2 million.

Stocks that contributed significantly to the volumes include HASCOL, UNITY, KEL, BOP and MLCF, which formed 35 percent of total volumes.

Stocks that contributed positively include NESTLE (+37 points), MUREB (+5 points), MTL (+4 points), DCR (+1 points) and EFUG (+1 points). Stocks that contributed negatively include PPL (-86 points), HBL (-78 points), HUBC (-67 points), UBL (-67 points), and OGDC (-60 points).

KARACHI: The Novel Coronavirus haunted the investors of Pakistan Stock Exchange (PSX) as the equity market fell by around 720 points in early day trading on Monday.

The benchmark KSE-100 index of PSX fell by 720 points in less than 90 minutes trading. The market is trading at 39,530 points.

Muhammad Sohail, Chief of Topline Securities, said that global markets had witnessed fall on fears that coronavirus affected Iranians and could affect Pakistan as well.

Sohail said that local bourses also witnessed sharp decline early in the day as investors fear coronavirus from Iran may affect Pakistan also.

He said that global market also witnessed decline as cases related to the virus on the rise.