Discuss PSX Talk

[finance.pk]

Let's talk about Pakistan Stock Exchange (PSX).

 

[finance.pk]

20 April 2022

Profit taking continued at PSX today, KSE-100 index opened positive but could not sustain in green zone as profit taking dragged the index down to red zone due to weakening of Pak rupee against US Dollar, the session remained dull whereas hefty volumes were observed in 3rd tier stocks.

The Index closed at 45,943.16 down by 390.20pts (-0.84% DoD). Sectors contributing to the performance include Banks (-98.3pts), Cement (-87.5pts), E&P (-67.22 pts), Fertilizer (-45.6pts) and Power (-20.7 pts)

Volumes increased from 228.6mn shares to 235.0mn shares (+2.8% DoD). Average traded value decreased by 9.4% to reach US$ 43.1mn as against US$ 47.5mn.

Stocks that contributed significantly to the volumes are CNERGY, TPLP, GGL, MLCF and TELE.

 

[finance.pk]

 

[Samad]

Wednesday, April 20, 2022

IMF projects rise in inflation - Negative
https://epaper.brecorder.com/2022/04/20/1-page/926764-news.html

WB lists factors exacerbating macroeconomic imbalances - Negative
https://epaper.brecorder.com/2022/04/20/1-page/926765-news.html

Russia sends 4-year economic cooperation roadmap - Neutral
https://epaper.brecorder.com/2022/04/20/12-page/926848-news.html

China assures full support to develop SEZs - Positive
https://mettisglobal.news/china-assures-full-support-to-develop-sezs/

Jul-Mar FDI declines 2pc to $1.285bn YoY - Negative
https://epaper.brecorder.com/2022/04/20/1-page/926759-news.html

PKR: Another massive fall - Negative
https://epaper.brecorder.com/2022/04/20/1-page/926767-news.html

Price differential claims of OMCs/refineries; Rs68.81bn supplementary grant approved by ECC - Positive
https://epaper.brecorder.com/2022/04/20/1-page/926758-news.html

ATRL, NRL, CNERGY and PRL to benefit from 10 year high Refinery margins - Positive
https://augaf.com/atrl-nrl-cnergy-and-prl-to-benefit-from-10-year-high-refinery-margins/

PSO receivables, payables soar to Rs508.3bn - Negative
https://epaper.brecorder.com/2022/04/20/12-page/926849-news.html

Tariffs of Discos; CPPA-G seeks hike of Rs3.16 per unit - Negative
https://epaper.brecorder.com/2022/04/20/4-page/926795-news.html

Power generation cost up 66% YoY in March - Negative
https://www.brecorder.com/news/40168160/power-generation-cost-up-66-yoy-in-march

Pakistani Banks In Sri Lanka Likely to Face Losses - Neutral
https://propakistani.pk/2022/04/19/pakistani-banks-in-sri-lanka-likely-to-face-losses/

Tariq Glass shut its main furnace for major overhaul: PSX - Neutral
https://augaf.com/tariq-glass-shut-its-main-furnace-for-major-overhaul-psx/

PM picks coalition Cabinet 
https://epaper.brecorder.com/2022/04/20/1-page/926761-news.html

Stock Bulls Wake Up From the Nightmare of a Dying Economy
https://www.bloomberg.com/news/articles/2022-04-19/hot-data-save-stock-bulls-from-the-nightmare-of-a-dying-economy?srnd=premium-asia

 

[Samad]

*Morning Highlights *
Thursday, April 21, 2022

IMF projects decrease in gross debt - Neutral
https://epaper.brecorder.com/2022/04/21/1-page/926903-news.html

July-March 2021-22; Country incurs foreign debt of $12.767bn - Neutral
https://epaper.brecorder.com/2022/04/21/4-page/926933-news.html

Govt may increase fiscal deficit to Rs5,600bn to discredit PTI: Tarin - Neutral
https://epaper.brecorder.com/2022/04/21/1-page/926900-news.html

Planning ministry to release development funds for Q4 - Neutral
https://epaper.brecorder.com/2022/04/21/1-page/926902-news.html

PKR: Yet another decline - Negative
https://epaper.brecorder.com/2022/04/21/1-page/926905-news.html

Returns on MTBs soar to 70bps - Negative
https://epaper.brecorder.com/2022/04/21/11-page/926974-news.html

IMF asks Pakistan to end fuel subsidy, exemptions to revive loan program - Negative
https://profit.pakistantoday.com.pk/2022/04/20/imf-asks-pakistan-to-end-fuel-subsidy-exemptions-to-revive-loan-program/

Gas sector circular debt reaches Rs 1,500 billion: Miftah Ismail - Negative
https://augaf.com/gas-sector-circular-debt-reaches-rs-1500-billion-miftah-ismail/

Pakistan to file for damages on default by Eni, Gunvor - Neutral
https://profit.pakistantoday.com.pk/2022/04/19/pakistan-to-file-for-damages-on-default-by-eni-gunvor/

KE seeks Rs5.27/unit raise for March - Positive
https://epaper.brecorder.com/2022/04/21/1-page/926904-news.html

WB, Wapda holding talks on setting up of 300MW floating solar project - Neutral
https://epaper.brecorder.com/2022/04/21/1-page/926891-news.html

Toyota IMC Resumes Bookings at the Same Prices - Positive
https://propakistani.pk/2022/04/20/toyota-imc-resumes-bookings-at-the-same-prices/

$5.3bn import substitution likely; Fertilizer industry providing urea at 84pc discount: Engro CFO - Neutral
https://epaper.brecorder.com/2022/04/21/5-page/926940-news.html

‘Irregularities’ in subsidies to be investigated - Neutral
https://epaper.brecorder.com/2022/04/21/1-page/926898-news.html

UBL Overtakes HBL as the Most Profitable Bank in Pakistan - Positive
https://propakistani.pk/2022/04/20/ubl-overtakes-hbl-as-the-most-profitable-bank-in-pakistan/

Pakistan IT services exports increased 29.9% to $1.688 billion in 8 months – Positive
https://augaf.com/pakistan-it-services-exports-increased-29-9-to-1-688-billion-in-8-months/

2021-22: Rice sector showing strong performance - Positive
https://epaper.brecorder.com/2022/04/21/18-page/927014-news.html

Maple Leaf Cement to buy back shares at market price: PSX - Neutral
https://augaf.com/maple-leaf-cement-to-buy-back-shares-at-market-price-psx/

Food ministry decides to import 3MMTs of wheat on G2G basis - Neutral
https://epaper.brecorder.com/2022/04/21/1-page/926895-news.html

All political parties wanted to hold elections as soon as possible: Kaira
https://augaf.com/all-political-parties-wanted-to-hold-elections-as-soon-as-possible-kaira/

U.S. Futures Rise as Yields Sink; Asia Seen Muted: Markets Wrap
https://www.bloomberg.com/news/articles/2022-04-20/bond-yields-sink-asia-stocks-set-for-muted-open-markets-wrap?srnd=premium-asia

Oil settles mixed on Russia supply, demand concerns
https://www.reuters.com/business/energy/oil-prices-rise-1-after-sinking-previous-session-2022-04-20/

WTI (Nymex):  102.75 USD/bbl
BRENT (ICE):  106.80 USD/bbl.
ARAB LIGHT:  113.36 USD/bbl` 
R BAY COAL: 311.50 USD/TON
USDPKR: 185.924

 

[finance.pk]

*Morning Highlights *
Friday, April 22, 2022

SBP raises Rs137.24bn through sale of GOP Ijara Sukuk - Neutral
https://mettisglobal.news/sbp-raises-rs137-24bn-through-sale-of-gop-ijara-sukuk/

SBP’s reserves up $36m - Neutral
https://epaper.brecorder.com/2022/04/22/1-page/927027-news.html

Defence Minister hints to reverse autonomy granted to SBP - Neutral
https://profit.pakistantoday.com.pk/2022/04/21/defence-minister-hints-to-reverse-autonomy-granted-to-sbp/

Govt to wind up CPEC authority - Neutral
https://tribune.com.pk/story/2353506/govt-to-wind-up-cpec-authority

PKR: declines further - Negative
https://epaper.brecorder.com/2022/04/22/1-page/927032-news.html

Pakistan receives minimum LNG bid at $24.15/mmbtu for May and June Spot cargoes - Neutral
https://augaf.com/pakistan-receives-minimum-lng-bid-at-24-15-mmbtu-for-may-and-june-spot-cargoes/

Pakistan receives half of gasoline exports of China in March - Neutral
https://augaf.com/pakistan-receives-half-of-gasoline-exports-of-china-in-march/

Pakistan looks for alternatives as South African coal remains out of bounds: S&P Global - Neutral
https://augaf.com/pakistan-looks-for-alternatives-as-south-african-coal-remains-out-of-bounds-sp-global/

Pakistan Urea prices cross PKR 2,000 per bag as second largest manufacturer increase price - Positive
https://augaf.com/pakistan-urea-prices-cross-pkr-2000-per-bag-as-second-largest-manufacturer-increase-price/

Banks’ deposits rise 2.9pc MoM to Rs20.5tr in March - Positive
https://profit.pakistantoday.com.pk/2022/04/21/banks-deposits-rise-2-9pc-mom-to-rs20-5tr-in-march/

Outstanding bank financing grows 8.8pc to Rs524bn in 2021: SECP chief - Neutral
https://epaper.brecorder.com/2022/04/22/11-page/927107-news.html

Maximum limit for modaraba companies increased - Positive
https://epaper.brecorder.com/2022/04/22/11-page/927115-news.html

USC outlets facing shortage of edible items due to rush of buyers: survey - Negative
https://epaper.brecorder.com/2022/04/22/4-page/927052-news.html

5G networks; WB for cautious implementation of new IoT regulation - Neutral
https://epaper.brecorder.com/2022/04/22/7-page/927082-news.html

Imran asks supporters to gear up for long march against ‘imported govt’
https://tribune.com.pk/story/2353637/imran-asks-supporters-to-gear-up-for-long-march-against-imported-govt

Stocks, Bonds Wilting as Half-Point Fed Hikes Loom: Markets Wrap
https://www.bloomberg.com/news/articles/2022-04-21/stocks-bonds-wilting-as-half-point-fed-hikes-loom-markets-wrap?srnd=premium-asia

Oil edges higher on concerns over Russia, Libya supply disruption
https://www.reuters.com/business/energy/oil-climbs-takes-breather-tight-range-2022-04-21/

WTI (Nymex):  103.61 USD/bbl
BRENT (ICE):  108.33 USD/bbl.
ARAB LIGHT:  113.76 USD/bbl` 
R BAY COAL: 311.80 USD/TON
USDPKR: 186.969

 

[finance.pk]

IMF Conditions 

 

[finance.pk]

Small investors can now open SAHULAT ACCOUNT in easy steps

 

[NAS]

BREAKING: European Commission allows payment for Russian gas in Rubles.
Good for markets
Crude oil will come down

 

[Farhan]

Usd will get weak thts why international market specially dow Jones got crash??
In shaAllah usd will come down too now internationally

 

[Fabb]

Us will be happy...

 

[Fabb]

Which Psx share has highest dividend yield currently?

 

[NA869]

Which Psx share has highest dividend yield currently?

I think engro Polymers.

 

[ZPSx]

I think engro Polymers.

Also Kapco n Saif power

 

[aha900]

Also Kapco n Saif power

Kapco is posting lps on its running business . It's other income shows eps now. Chekc last 2 results.

 

[finance.pk]

 

[Fabb]

How's sazgar at current rates? Any expert fundamental views?

 

[Asif]

Hubc has also good dividends

 

[finance.pk]

Breakthrough in Pak-IMF bailout talks, loan amount to be $8bn


IMF agrees to extend the stalled bailout programme by up to one year and increase the loan size to $8 billion

https://tribune.com.pk/story/2354052/breakthrough-in-pak-imf-bailout-talks-as-8bn-package-approved

 

[KA971]

پاکستان کا ایک اعلی سطحی وفد آیندہ چند روز میں سعودی عرب کا دورہ کرے گا، اور ممکنہ طور پر تیل کی موخر ادائیگی پر فراہمی اور امدادی پیکج پر بات چیت ہو گی۔ جس سے مقامی سطح پر قیمتوں میں اضافے کا بوجھ صارفین پرکم سے کم منتقل کیا جائے۔