PPL (+5%), Hubco (+4.6%), OGDC (+3.8%), Engro (+1.6%), MCB (+1.6%), Bank Alfalah (+3.8%) and UBL (+1.2%) were the major movers of the last trading day of the week at bourse. Bank of Punjab (+6%), TRG Pakistan (-0.9%), Unity Foods (-1.1%) and K-Electric (-2.3%) were the principal contributors. 

The entities that remained on the -ve were: Lucky Cement, Pakistan Oilfields, Dawood Hercules and PSO. Volumes were led by the banking sector with trading in 90.1 million shares. It was followed by technology sector (49.4 m shares) and cement firms (28.4 m shares).

Foreign institutional investors were net sellers of Rs. 138.1 million worth of shares. Volume leader was Bank of Punjab with 52.5 million shares. Runner-up was TRG Pakistan with 25.8 million shares. That was followed by Unity Foods with 20 million shares.

Value of the stocks of 235 companies augmented, 116 plummeted while 18 remained stagnant.

PSX: Bulls return to the bourse as political noise subdues

9th of January, 2020

KARACHI: When Trump’s message of peace drastically de-escalated the geo-political state-of affairs, bulls invaded the bourse here today (Thursday 8th of January, 2020).

Stocks rebounded with the KSE-100 index recouping 1,165.51 points (2.74 per cent). Some 249. 5 million shares worth Rs. 11.7  billion were traded. Rally was seen across the board buying in cement, oil, bank and fertilizer stocks.

PSX: Bears color the bourse red that lost Rs. 169b in a single day

KARACHI: KSE-100 Index closed in the red (41,296) shedding 1,027 points here today (Tuesday 7th of January, 2020) as augmenting US-Iran tension unnerved the investors.

According to details Rs. 169 billion was wiped off at PSX today. Investors went after gold that that made the highest single day rise of Rs. 2,600 per tola. Concerns were raised over the impact on import bill due to augmentation of oil prices globally.

Banks, fertilizer, cements, steel and pharmaceutical stocks took the final blows. Lucky lost four percent, DG Khan, Pioneer, Maple Leaf and Cherat ended lower among cement. In steel, Aisha and International hit their low.

As far as pharmaceuticals are concerned Searle and Ferozsons lost their maximum value for the day. Engro, Hubco, Pakistan Petroleum, MCB, Bank Al Habib, GlaxoSmithKline were other major sufferers.

PSX: US-Iran conflict lets bears color the bourse red

3rd of January, 2020

KARACHI: On week’s last trading day, bears forced the bulls out of bourse encouraged by the uncertainty caused by Iran-US conflict.

Both high inflation data and augmenting political noise shattered the investors’ confidence. oil chain reacted to the jump in global oil prices which went up on the news of US attack on Iranian military commander.

Regional security concern and profit booking was the reason most of the stocks performed bearish.  As a result KSE 100-share Index closed in the red (shedding 157.46 points)  at 42,323.30. Overall 322.9 million shares changed hands. Value of the shares of 127 companies augmented, 218 plummeted while 15 remained stagnant.

Volume leader was TRG Pakistan with 23.8 million shares, gaining Rs. 1.11 to close at Rs. 28.16. Unity Foods with 20.8 million shares, losing Rs. 0.66 to close at Rs. 16.59 was the runner-up. The third was K-Electric Limited with 20.2 million shares, losing Rs. 0.15 to close at Rs. 4.62. Foreign institutional investors were net sellers of Rs. 141.1 million worth of shares.

PSX: Bulls seen raging all over the bourse

KARACHI: Benchmark KSE-100 Index closed in the red following an augmentation of 2.54% (1.080 points).

It has been insinuated by savants that possible tax-relaxation and lowering of interest rate had made investors buy the shares. Then agreement of PML-N over Army Act amendments has also reassured them.

Other positive factors were that PSX had been judged the best bourse of the region. Level of inflation too was as expected. Consequently, some 283 million shares changed hands on the second day of the New Year.

PSX: KSE-100 Index closes in the green today (1st Jan., 2020)

1st day of January, 2020

KARACHI: Thanks to absence of dampeners and investors New Year jubilant mood, the Karachi Stock Exchange-100 Index closed in the green at 41.400 with an augmentation of 664 points.

Of 238 million shares of 361 entities that changed hands today, value of 280 augmented, 67 plummeted whereas, the share price of 14 companies remained stagnant.

Colgate Palm recorded the maximum increase in its share price, which was Rs. 50.00 rupees while Pak Tobacco recorded maximum decrease of Rs. 120.54 rupees.

It is pertinent to mention here that 19.386,000 million shares were attracted by K-Electric Ltd after Nepra approved the utility’s power tariff hike.The total turnover was 330,740,610.

PSX: Bulls return to the bourse after X-Mas

KARACHI:  The day after Christmas bulls returned to the bourse, as a result the KSE-100 Index closed in the green (gaining 799.47 points) after a couple of days of bloodbath.

According to details the endorsement of the economic indicators by IMF revived the investors’ confidence. Buying activity was focused on oil and gas exploration/production sector (E&P), refineries, oil marketing companies and banks.

Unity Foods, Worldcall, Hascol, Fauji Foods and TRG Pakistan contributed significantly forming 38pc of total turnover. Sectors contributing the most points to the performance included banks, higher by 360 points, E&P 140 points, oil and gas marketing companies 54 points, power 44 points and investment banks 35 points.

Habib Bank was up 4.6pc, Oil and Gas Development Company 3.4pc, Bank Al Habib 4.3pc, United Bank 3.1pc, Pakistan Petroleum 2.2pc, MCB 1.9pc, Hub Power 1.8pc and Dawood Hercules 3pc performed scrip-wise. Unity Foods augmented by 6.7pc, Shell 5pc, Meezan Bank 5pc and Hascol 5pc. Pakistan Tobacco plummeted 5pc, EFU General 5pc and Murree Brewery 1.5pc.

PSX: Bears color the bourse red as verdict against Gen. Musharraf unnerves investors

19th of December, 2019

KARACHI: The verdict against former military dictator Gen. (R) Musharraf encouraged bears enter the bourse as a result KSE-100 index lost 948 points to close at 40,655.

Although the bourse opened on a positive note, as soon as the detailed judgment in the high treason case against the former dictator was announced bears chased the bulls away. News apropos deteriorating Indo-Pak terms also played its role in discouraging the investors.

It seems that due to fear of conflict between institutions it will not be possible for the bourse to break the 42,000-point barrier in the remaining two weeks of 2019.

KSE-100 index crosses 39,000 points to 9-month high

KARACHI: Benchmark KSE-100 index gained 513 points to cross the 39-000 point-mark today, after nine months.

According to the details, the bourse witnessed bullish trend on Friday as the KSE-100 index gained 513 points to trade at over 39,200 points.

On the other hand, Pakistani rupee gained 7 paisa against US dollar and was traded at Rs. 155.25.

Earlier: PSX: Bears color the bourse red!

Earlier in September, Benchmark KSE-100 index lost 264 points as encouraged by the absence of positive triggers bears entered the bourse.

Following release of Asian Development Bank Outlook Update 2019 Karachi Stock Exchange-100 ended in the red. According to details Asian Development Bank has cut the economic growth forecast for Pakistan to 2.8% that is the lowest in South Asia. On the contrary the Manila-based lending entity had projected that the inflation in Pakistan would increase 12% – highest in the region.

Sources privy to NPTV have insinuated that augmenting ME tensions and the resulting fluctuation in crude oil prices had also played a vital role in shaking the confidence of investors because of which the bourse lost 0.83% to settle at 31,565 points.

By gaining 1.5% K-Electric proved to be the volume leader, followed by Maple Leaf Cement (-2.5%) and Pakistan State Oil (-0.2%). PSO and PPL that announced dividend of 20% each attracted the attention of observers with a cumulative volume of 10.5 million shares.

Stock-wise volume leaders were K-Electric, WorldCall Telecom and PSO with cumulative trading in 34 million shares. Overall, 105 million shares changed hands today as the traded value went up by 7%.  Due to decline in international oil prices OGDC lost 1.58%.

Mari Petroleum and Pakistan Oilfields experienced flattish trend. Shares of 362 entities were traded today. Value of the 130 stocks closed higher, 212 plummeted and 20 remained stagnant.

During the trading session today foreign institutional investors were net sellers of Rs 405.01 million worth of shares. K-Electric was the volume leader with 14.9 million shares, gaining Rs. 0.05 to close at Rs. 3.31.

It was followed by WorldCall Telecom with 12.4 million shares, gaining Rs. 0.15 to close at Rs. 1.08 and Pakistan State Oil with 6.96 million shares, losing Rs. 0.26 to close at Rs. 155.67.

Many who had invested in various funds had lamented that due to bearish trend for long, not only their money had shed half of its value due to its depreciation against dollar, they had not received a single rupee as interest.

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