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Stock Watch
KSE-100 index gain 435 points but fails to stay above 48,000 level on profit-taking

The new month August started with a rally on first three days of the week. The investors shrug off the pandemic fear. The investors picked up shares of attractive valuations of textiles, technology and E&P sectors where heavy income is expected. The heavy rupee depreciation was seen as a blessing. The investors are prepared to bet on heavy dividend as result session has just started. The foreign investors during the week were buyer by 3.13m. After accumulating around 735 point on KSE-100 Index, the investors opted for profit taking in last two days of trading and shed around 300 points.

During the week the KSE-100 Index added 435 points. The average improved to 455m shares. The market capitalization increased by Rs.98 billion to stand at Rs.8,341 trillion on Friday.

Monday: KSE-100 47,453.25 change +397.96 vol 252m.

Tuesday: KSE-100 47,758.32 change +305.07 vol 443m.

Wednesday: KSE-100 47,789.88 change +31.56 vol 533m.

Thursday: KSE-100 47,640.88 change -149.00 vol 547m

Friday: KSE-100 47,489.95 change -150.93 vol 500m


Foreigners were net buyer $3.13m during the week; companies were buyer by 2.72m, Banks were buyer $1.08m; Mutual fund net seller10.54m individuals net buyer $7.56m and Insurance were seller $6.07m.

Volume leaders during the were: Telecard 135m; WTL 125m; TPL Corp ltd 108m;Pervez Ahmed Securities 67m;PTCL 62m; Hascol 59m; Byco Petroleum 43m; Hum Network 37m; Unity Foods 36m; Ghani Global Holdings 29m; Dost Steel Mills 26m; Fauji Foods Ltd 24m; Pace (Pakistan) and Citi Pharma Ltd 16m.

Participants: Companies Av 485; Gainer 255; Loser 208 and Unchanged 22.


– Foreign Exchange Reserves of SBP increased $16 million to $17.846 billion during the week ended July 30,2021. Reserves of Commercial banks decreased $38m to $7.007 billion. The country’s overall fall of $22m to $24.853 billion during the week.

– The government raised Rs.161.7 billion through the Pakistan Investment Bonds against total bids of Rs.444.95 billion.

– A meeting of WB’s Board of Directors is expected on September 27 and the authorities are making effort to address out-standing issues including finalization of Circular Debt Management Plan and seeks $400m WB loan for energy sector.

– The Board of Governors of IMF has approved a general allocation of SDR equivalent to $650 billion to boost global liquidity which according to Fitch Ratings could bolster Pakistan’s reserve by $2.8 billion.

– Lt-Gen Asim Bajwa (retd) quits. Mansoor appointed SAPM to ‘fast-track’ CPEC projects.

– The WB reallocated $150m for Pakistan to procure Covid-19 vaccines.

– Since July 1, the rupee has slipped by almost 4pc to a 10 month low on SBP projection that the current account deficit may widen from 0.6 percent of the GDP last fiscal to 2-3 percent this year on rising imports to support growth target of 4.8 percent.

– Inflation eased to 8.4 percent in July from 9.7 percent in June on the back of a slight drop in prices of food products showed the data released by PBS.

– Financial Results. 1) Arif Habib Ltd posted a record profit-after tax of Rs.2.1bn for the year ended July 30, 2021; 2) Excide Pakistan announced PAT at Rs.24.9 million for the first quarter; 3) Panther Tyre Ltd posted PAT at Rs.851m for the year; 4) Bank Al Habib Ltd announced the half yearly results PAT Rs.9.04bn; 5) ICI Parofit PAT rises to Rs.5.57bn.


The bench mark index of the Pakistan Stock Exchange has grown at an annualized rate of almost 14 percent since its inception 30 ago, according to a research report issued by Topline Securities. KSE-100 Index created in 1991 with a base value of 1,000 points, it’s total return index that is adjusted for dividend, bonus and rights. The index currently stands at 47,489.95.

Raees Uddin Khan,
Research & Development Institute of Securities Management Research& Training (Pvt) Ltd, Karachi
Dated: August 7, 2021

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