Tag: PSX

KARACHI: Positive sentiments likely prevail in the equity market during next week owing to inflows in debt market and stable exchange rate, analysts said.

Analysts at Arif Habib Limited said expect that the market to be positive in the upcoming weeks as sentiments should reflect improvement in foreign exchange reserves of the State Bank of Pakistan (SBP) and stable Pak Rupee/USD parity amid inflows in T-bills and narrowing Current Account Deficit (CAD).

Albeit, commencement of the financial result season in the coming week will keep certain scrips under limelight.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 7.6x (2020) compared to Asia Pac regional average of 12.5x and while offering DY of around 6.3 percent versus 2.7 percent offered by the region.

The market commenced on a negative note this week with investors resorting to profit-taking.

With coalition partners showing dissatisfaction over policies of the PTI-led government, lackluster momentum prevailed.

Furthermore, concerns over rising inflation kept the sentiment weak. Whereas, overwhelming response to the Treasury Bill Auction (bids over Rs1.1 trillion), cushioned the dip. Albeit, the market closed at 43,168 points, (down by 0.1 percent / 39 points WoW).

Sector-wise positive contributions came from i) Commercial Banks (109 points), ii) Automobile Parts & Accessories (29 points), iii) Automobile Assembler (20 points), iv) Refinery (20 points), and v) Textile Weaving (12 points). Whereas, negative sector-wise contribution came from Oil & Gas Exploration Companies (96 points) and Power Generation & Distribution (55 points). Scrip-wise positive contributions were led by MEBL (31 points), HBL (28 points), THALL (25 points), BYCO (21 points) and HMB (18 points).

Foreign buying continued this week clocking-in at USD 2.8 million compared to a net buy of USD 7.0 million last week. Buying was witnessed in E&Ps (USD 1.4 million) and Fertilizer (USD 1.3 million).

On the domestic front, major selling was reported by Insurance Companies (USD 2.8 million) and Individuals (USD 2.2 million). Average Volumes settled at 246 million shares (down by 19 percent WoW) while average value traded clocked-in at USD 49 million (down by 38 percent WoW).

KARACHI: The stock market increased by 103 points on Friday amid record foreign inflows in debt securities. Analysts at Arif Habib Limited said that the week ended nearly where it began, i.e. near 43,000 level.

During the week, the index did slip towards 42800 but closed the week above 43,000.

Among OMCs, PSO made an upward move whereas E&P & Refineries remained largely unchanged and declined respectively.

Throughout the week, political uncertainty reverberated that cautioned otherwise optimistic investors and therefore a halt in index performance.

By the end of session, news of further foreign inflows of $500 million in treasury bills broke that proved to be single highest inflow in a single day yet.

Positive sentiment was observed in the equity market as well but MoC activity pulled the index back. Banking sector again led the pack with 46.9 million shares, followed by Technology (42.7 million) and Cement (20.5 million).

Among scrips, BOP topped the chart with 27.8 million, followed by TRG (23.9 million) and WTL (8.6 million).

Sectors contributing to the performance include Others (+21 points), O&GMCs (+17 points), Autos (+17 points), Fertilizer (+11 points), Textile (-11 points).

Volumes declined from 229.9 million shares to 211.2 million shares (-8 percent DoD). Average traded value also declined by 4 percent to reach US$ 40.7 million as against US$ 42.3 million.

Stocks that contributed significantly to the volumes include BOP, TRG, WTL, KEL and DCL, which formed 35 percent of total volumes.

Stocks that contributed positively include PSEL (+21 points), PSO (+16 points), THALL (+13 points), MEBL (+13 points) and ENGRO (+13 points). Stocks that contributed negatively include MCB (-19 points), DAWH (-9 points), BOP (-5 points), HUBC (-5 points), and NBP (-5 points).

KARACHI: The equity market gained 72 points on Thursday amid range bound trading activity during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,065 points as against 42,993 points showing an increase of 72 points.

Analysts at Arif Habib Limited said that the market maintained the range bound activity, witnessed for the past 2 sessions, where the index moves both directions and in the end maintains 43,000 level.

Political uncertainty has so far kept the otherwise bright outlook muddled.

Banking sector scrips also held on to price levels, whereas Index heavy weights such as ENGRO, POL, OGDC, HBL, PSO remained under slight pressure.

In general, Cement and Textile sector scrips performed well and price gains were observed, although a news article quoted additional cost burden being added by the government on the textile sector.

Banking sector led the volumes with 81.1 million shares, contributed mainly by BOP (60.3 million), followed by Cement (33.9 million) and Technology (29.4 million).

Among scrips, WTL (11.7 million) and TRG (9.1 million) followed BOP.

Sectors contributing to the performance include Banks (+63 points), Textile (+21 points), Cement (+13 points), E&P (-18 points), Chemical (-16 points), Inv Banks (-16 points).

Volumes increased from 171.3 million shares to 229.9 million shares (+34 percent DoD). Average traded value increased by merely 7 percent to reach US$ 42.3 million as against US$ 39.6 million.

Stocks that contributed significantly to the volumes include BOP, WTL, TRG, MLCF and POWER, which formed 42 percent of total volumes.

Stocks that contributed positively include FFC (+17 points), MEBL (+17 points), MCB (+17 points), BOP (+16 points) and HMB (+15 points). Stocks that contributed negatively include DAWH (-17 points), COLG (-16 points), OGDC (-15 points), ENGRO (-12 points), and POL (-12 points).

KARACHI: The equity market fell by 214 points on Wednesday owing to political uncertainty as allies of ruling party are showing disapproval.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,993 points as against 43,207 points showing a decline of 214 points.

Analysts at Arif Habib Limited said that political uncertainty took controls over sentiment today.

Allies of PTI are one by one showing disapproval of their policies and hinting a crisis in the making that caused investors to be safe than sorry.

Investors kept booking profit at current levels which exerted pressure on oil & gas chain (i.e. OMCs, E&P and Refineries).

Banking sector also remained slow, whereas Cement sector had some buying interest that caused prices to be on the higher side.

Overall, Cement sector led the volumes with 34.4 million shares, followed by Banks (32.9 million) and Technology (16.2 million).

Among scrips, BOP led the volumes with 19.6 million shares, followed by MLCF (18.2 million) and TRG (9.2 million).

Sectors contributing to the performance include E&P (-553 points), Power (-40 points), Fertilizer (-25 points), other (-23 points), Banks (-21 points).

Volumes declined further from 249.7 million shares to 171.3 million shares (-32 percent DoD). Average traded value also declined by 22 percent to reach US$ 39.6 million as against US$ 50.4 million.

Stocks that contributed significantly to the volumes include BOP, MLCF, TRG, STPL and UNITY, which formed 37 percent of total volumes.

Stocks that contributed positively include MCB (+18 points), PAKT (+7 points), DGKC (+7 points), AICL (+7 points) and FML (+6 points). Stocks that contributed negatively include HUBC (-35 points), PPL (-27 points), PSEL (-23 points), DAWH (-14 points), and POL (-12 points).

KARACHI: The stock market remained flat on Tuesday amid selling activity during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,207 points as against 43,219 points showing a decline of 12 points.

Analysts at Arif Habib Limited said that the market replicated the performance seen yesterday with a sway from +250 points to -123 points and closing the session -12 points.

Mainly Cyclicals faced the music with major selling pressure was witnessed in Cement Stocks (due to higher coal prices) and Steel sector stocks.

E&P sector also saw selling pressure, whereby OGDC, PPL and POL traded in red territory.

EPCL also faced heavy selling after announcement of issuance of Preference Shares.

Banking sector stocks remained in the limelight even today with trading volumes of 44.7 million shares, followed by Technology (42.4 million) and Cement (26.6 million).

Among scrips, BOP managed to realize trading volumes of 18 million shares, followed by TRG (16.5 million) and TPL (14.6 million).

Sectors contributing to the performance include Fertilizer (+48 points), Banks (+21 points), E&P (-53 points), Chemical (-21 points) and Cement (-20 points).

Volumes declined further from 366.2 million shares to 249.7 million shares (-32 percent DoD). Average traded value also declined by 28 percent to reach US$ 50.4 million as against US$ 69.7 million.

Stocks that contributed significantly to the volumes include BOP, TRG, TPL, BYCO and KEL, which formed 31 percent of total volumes.

Stocks that contributed positively include ENGRO (+45 points), UBL (+34 points), HUBC (+23 points), DAWH (+20 points) and EFERT (+7 points). Stocks that contributed negatively include PPL (-27 points), OGDC (-23 points), SNGP (-16 points), COLG (-13 points), and MCB (-10 points).

KARACHI: The stock exchange market ended with 12 points gain on Monday after trading moved both ways.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,219 points as against 43,208 points showing an increase of 12 points.

Analysts at Arif Habib Limited said that the market moved both ways with an opening of +83 points and oscillating between +246 points and -169 points during the session.

The session ended -12 points. Oil & Gas chain remained under pressure throughout the session, with PSO touching session’s low of 210, but bounced back in MoC, crossing 218.

Refineries also faced selling pressure, with the exception of BYCO that was recently added to benchmark Islamic Index.

Among banking sector scrips, BOP and SMBL realized trading volumes in excess of 20 percent of total traded volumes.

Overall, Banking sector stocks led the volumes with 123.6 million shares, followed by Cement (46.2 million) and Technology (41.1 million).

Among scrips, BOP topped the volumes with 34.9 million shares, followed by SMBL (34.9 million) and SILK (24.8 million).

Sectors contributing to the performance include Banks (+46 points), E&P (+18 points), Textile (+17 points), Tobacco (-32 points), Fertilizer (-31 points).

Volumes declined from 400.1 million shares to 366 million shares (-9 percent DoD). Average traded value also declined by 30 percent to reach US$ 69.7 million as against US$ 100 million.

Stocks that contributed significantly to the volumes include BOP, SMBL, SILK, TRG and TPL, which formed 35 percent of total volumes.

Stocks that contributed positively include PPL (+40 points), HBL (+31 points), BAFL (+24 points), TRG (+12 points) and BYCO (+12 points). Stocks that contributed negatively include UBL (-35 points), PAKT (-32 points), HUBC (-29 points), ENGRO (-24 points), and OGDC (-16 points).

KARACHI: The stock market may maintain upward trajectory during next week, analysts said.

Fundamentals appear intact with stable PKR, compressing current account deficit, and inflows in T-bills, PIBs and the local bourse, should all bode well for the index.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 7.6x (2020) compared to Asia Pac regional average of 12.5x and while offering DY of ~6.3 percent versus ~2.7 percent offered by the region.

The market depicted a mixed trend during the outgoing week with the benchmark KSE-100 index witnessing some weakness at the beginning of the week amid rising conflict between Iran and the US.

Sentiments further worsened mid-week given Iranian strike on US Military base in Iraq. Albeit, the Pakistani bourse echoed global stock markets, depicting a swift rally post speech of the POTUS Donald Trump, which helped de-escalate tensions. With that, the market breached a 17 month high level of 13k to close at 43,207points (up by 2.1 percent WoW, +884 points WoW).

Sector-wise positive contributions came from i) Commercial Banks (403 points), ii) Oil & Gas Exploration Companies (178 points), iii) Fertilizer (111 points), iv) Power Generation (86 points), and v) Cement (77 points). Whereas, negative sector-wise contribution came from Automobile Assemblers (44). Scrip-wise positive contributions were led by HUBC (105 points), HBL (95 points), PPL (88 points), LUCK (87 points) and UBL (73 points).

Foreign buying witnessed this week clocking-in at USD 7.0 million compared to a net sell of USD 7.3 million last week. Buying was witnessed in Fertilizer (USD 5.9 million) and E&Ps (USD 1.8 million).

On the domestic front, major selling was reported by Mutual Funds (USD 5.9 million) and Individuals (USD 4.0 million). Average Volumes settled at 303 million shares (up by 8 percent WoW) while average value traded clocked-in at USD 78 million (up by 13 percent WoW).

KARACHI: The stock market crossed 43,000 level after 17 months on Friday following across the board buying activities.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,207 points as against 42,523 points showing an increase of 684 points.

Analysts at Arif Habib Limited said that the market continued the upward momentum and crossed 43,000 level after 17 months.

Buying activity was observed almost across the board, however, blue chip stocks that were recently ascending and kept the market elevated took a breather.

LUCK, POL, DAWH and PSO remained on the negative side. Banking sector led the volumes table with 90.1 million shares, followed by Technology (49.4 million) and Cement (28.4 million). Among scrips, BOP topped the charts with 53.1 million shares followed by KEL (33.4 million) and UNITY (24.3 million).

Sectors contributing to the performance include Banks (+196 points), E&P (+195 points), Power (+87 points), Fertilizer (+63 points) and Textile (-30 points).

Volumes increased from 362.5 million shares to 400.1 million shares (+10 percent DoD). Average traded value also increased by 12 percent to reach US$ 100.0 million as against US$ 88.9 million.

Stocks that contributed significantly to the volumes include BOP, KEL, UNITY, WTL and STPL, which formed 36 percent of total volumes.

Stocks that contributed positively include PPL (+105 points), HUBC (+98 points), OGDC (+81 points), ENGRO (+40 points) and MCB (+32 points). Stocks that contributed negatively include LUCK (-14 points), PSO (-10 points), DAWH (-9 points), KEL (-7 points), and KAPCO (-4 points).