Latest news with #BRAutomobileAssemblerIndex
Business Recorder
31-07-2025
- Business
- Business Recorder
Banking sector leads rebound
KARACHI: The Pakistan Stock Exchange (PSX) experienced a mixed day of trading on Wednesday, with some indices posting gains as the State Bank of Pakistan kept policy rate unchanged. The KSE100 rose by 447.43 points, or 0.32 percent, reaching 138,412.25 points from its previous close of 137,964.82 points. During intraday trading, the index fluctuated between a high of 139,018.88 points and a low of 137,658.81 points before settling near its upper limit. On Wednesday, BRIndex100 closed at 14,122.07 points which was 26.03 points or 0.18 percent higher than previous close with the total volume remaining 304.357 million shares. BRIndex30 closed at 39,167.11 points which was 148.35 points or 0.38 percent lower than previous close and 152.44 million shares changed hands. In its post session commentary, Topline Securities noted that Wednesday's session remained volatile. Early trading was marked by selling pressure from leveraged investors amid uncertainty over a potential interest rate cut. However, following the State Bank of Pakistan's (SBP) decision to keep the policy rate unchanged at 11 percent in its latest Monetary Policy Committee (MPC) meeting, the market rebounded, led primarily by strength in the banking sector. In the Ready Market, a total of 476 companies were traded. Among these, 152 companies saw their rates increase, 290 experienced a decrease, and 34 remained unchanged. The Ready Market's turnover remained robust and stood at 425.84 million shares, with a traded value of Rs 25 billion. However, this marks a decrease from the previous day's turnover of 606.33 million shares and traded value of Rs 32.68 billion. However, the market capitalization in the ready market saw a slight uptick of Rs 25 billion to Rs 16.595 trillion from Rs 16.570 trillion in the earlier session. Leading the Ready Market in turnover was with 24.81 million shares traded, closing at Rs 13.72. Crescent Star Insurance followed with 20.9 million shares, closing at Rs 4.34 while Maple Leaf's 14.50 million shares changed hands at closing price of Rs 79.62. Unilever Pakistan Foods Limited saw the largest increase in the Ready Market, rising by Rs 399.61 to a close rate of Rs 33,020.02. PIA Holding Company Limited-B also showed a substantial gain, increasing by Rs 141.57 to close at Rs 31,299.00. Conversely, Mills Limited experienced the biggest decrease, falling by Rs 87.90 to a close rate of Rs 791.08. Nestle Pakistan Limited also saw a decline, decreasing by Rs 78.52 to close at Rs 7,611.32. The BR Automobile Assembler Index concluded the day at 23,073.74 points, registering a decrease of 190.64 points, which translates to a 0.82 percent decline. Its total turnover for the period was 6.481 million shares. Meanwhile, the BR Cement Index finished at 10,687.40 points, experiencing a negative shift of 112.04 points, or 1.04 percent. The sector's total turnover amounted to 41.80 million shares. In contrast, the BR Commercial Banks Index closed higher at 40,339.89 points, gaining 594.72 points for a positive change of 1.5 percent. This sector saw a total turnover of 49.13 million shares. The BR Power Generation and Distribution Index ended at 21,201.87 points, down by 34.83 points, or 0.16 percent. The total shares traded in this index were 23.01 million. The BR Oil and Gas Index also saw a slight dip, closing at 11,948.04 points with a decrease of 5.72 points, representing a 0.05 percent change. Its total turnover was 12.18 million shares. Lastly, the BR Technology & Communication Index closed positively at 3,139.01 points, marking an increase of 114.81 points, or 3.8 percent. The sector's total turnover reached 53.53 million shares. According to Ahsan Mehanti of Arif Habib Corporation, Stocks experienced a sharp recovery, driven by investor anticipation of potential policy easing from the State Bank of Pakistan (SBP) later today, amid subdued inflation. This bullish close at the PSX was further propelled by strong financial results, surging global equities, robust global crude oil prices, and the stability of the Pakistani Rupee following strict vigilance by the SBP. Copyright Business Recorder, 2025
Business Recorder
26-07-2025
- Business
- Business Recorder
Rating boost lifts PSX
KARACHI: The Pakistan Stock Exchange (PSX) rebounded on Friday as investors responded positively to encouraging macroeconomic developments. The market's upward move was largely fueled by S&P Global's decision to upgrade Pakistan's sovereign credit rating coupled with growing expectations of an interest rate cut by the State Bank of Pakistan (SBP) in its upcoming policy meeting. The KSE-100 Index gained 514.62 points, or 0.37 percent, to close at 139,207.29, up from the previous session's level of 138,692.67. Throughout the trading session, the benchmark fluctuated within a narrow range, touching an intraday high of 139,436.77 and dipping to a low of 138,808.64, before ultimately settling near the upper end of the range. On Friday, BRIndex100 gained 63.12 points or 0.44 percent to settle at 14,307.43 points. It recorded a total volume of 453.6 million shares. BRIndex30 also closed higher by 71.5 points or 0.18 percent at 39,920.84 points, with a total volume of 297.8 million shares. According to an assessment by Topline Securities, the market's return to a positive trajectory after remaining sluggish for last two trading session and was driven by strong gains in index-heavyweights. It noted that Engro Corporation, United Bank Limited, Lucky Cement, Meezan Bank, National Bank of Pakistan, Atlas Honda, and Systems Limited emerged as key contributors. However during the Friday's session trading activity remained somewhat mix. Turnover in the ready market registered a slight dip, declining from 648.8 million shares to 634.8 million, a drop of over 2 percent. While volumes saw a marginal decline in the ready market, traded value also followed suit, falling to Rs 24.61 billion from Rs 28.11 billion, a decline of more than 12 percent. Meanwhile, market capitalization continued to improve, rising from Rs 16.614 trillion to Rs 16.688 trillion, registering a net gain of Rs 74 billion, a sign of positive valuation expansion amid broader investor confidence. The most actively traded shares by volume included Bank of Punjab, which closed at Rs 13.60 with over 50.2 million shares exchanged, Fauji Foods at Rs 16.29 with 48.8 million shares, and Aisha Steel Mills, which ended at Rs 12.34 on 35.5 million shares. Among companies reflecting the sharpest increase in value were Unilever Pakistan Foods, which surged by Rs 529.12 to close at Rs 34,139.55, and Atlas Honda Limited, which gained Rs 61.39 to end the day at Rs 1,160.25. On the losing side, PIA Holding Company suffered a steep fall of Rs 1,642.97, closing at Rs 31,934.62, while Nestlé Pakistan shed Rs 174.04 to finish at Rs 7,699.77. The Ready Market Companies Position reflected a broadly mixed trading session, with 211 companies advancing, 236 declining, and 32 remaining unchanged, out of a total of 479 listed companies. The BR Automobile Assembler Index closed at 23,025.39 points, gaining 207.16 points or 0.91 percent, with a total turnover of 7.96 million shares. The BR Cement Index ended at 10,699.81 points, up by 68.35 points or 0.64 percent, on a turnover of 32.7 million shares. The BR Commercial Banks Index settled at 40,668.89 points after rising 155.47 points or 0.38 percent, with 105.87 million shares traded. In contrast, the BR Power Generation and Distribution Index edged down by 15.62 points or 0.07 percent to close at 21,792.09 points, with a volume of 35.3 million shares. The BR Oil and Gas Index posted a modest gain of 9.67 points or 0.08 percent to finish at 12,060.96 points, on a turnover of 33.2 million shares. Meanwhile, the BR Technology & Communication Index dipped slightly by 0.61 points or 0.02 percent, closing at 3,033.05 points, with 51.7 million shares changing hands. Ahsan Mehanti of Arif Habib Corporation attributed the day's bullish close to a combination of improved sovereign risk perception and monetary easing hopes. He noted that the S&P Global upgrade to B- had bolstered investor confidence, while expectations of a key policy rate cut next week — driven by the declining trend in government bond yields — added further momentum to the market. According to Mehanti, these factors together acted as catalysts, helping the PSX sustain its rally amid cautious optimism. With structural reforms gaining traction and external sentiment improving, the bourse appears well-positioned for stability — provided macroeconomic discipline continues and expected policy support is realized. Copyright Business Recorder, 2025
Business Recorder
23-07-2025
- Business
- Business Recorder
PSX witnesses robust rally
KARACHI: Pakistan Stock Exchange surged on Tuesday as investor sentiment strengthened. Confidence rose after a meeting between business leaders and Field Marshal Asim Munir coupled with the government's Senate majority win further eased political uncertainty. The benchmark KSE-100 Index surged by 1,202 points or 0.87 percent to close at 139,419.62 points, up from the previous day's close of 138,217.58. During intraday trading, the index touched a high of 139,901.78 and the low of 138,197.81 points before settling with strong momentum. On Tuesday, BRIndex100 closed at 14,344.60 points which was 205 points or 1.45 percent higher than previous close. The total volume remains 437.04 million shares. Also the BRIndex30 closed at 39,750.82 points which was 423.86 points or 1.08 percent higher than previous close with the total volume remaining 190.89 million shares. According to Topline Securities, the bulls roared back to life in Tuesday's trading session, lifting the benchmark index to impressive levels. It further noted that the rally was fuelled by positive investor sentiment and renewed market confidence, as the index moved upward ahead of the anticipated announcement of strong corporate results. This wave of optimism helped paint a bullish picture across the board, setting the tone for a potentially upbeat week ahead. The surge in buying was accompanied by increased trading activity. Total volume in the ready market stood at 629 million shares, up from 608 million of yesterday, while traded value also jumped to Rs 34.67 billion from Rs 23.52 billion in the previous session. Among volume leaders, First Dawood Properties led the board with 44 million shares traded, closing at Rs 7.64. WorldCall Telecom followed with 26.4 million shares and closed at Rs 1.46, while PTCL recorded a turnover of nearly 25 million shares and settled at Rs 23.96. In terms of gains, Unilever Pakistan Foods emerged as the top performer, soaring by Rs 2,279.22 to close at Rs. 27,777.22, while Nestlé Pakistan added Rs 45.45 to finish at Rs. 7,445.45. However, PIA Holding Company Limited-B plunged by Rs 3,101.53 to close at Rs 27,913.79, and Pakistan Services Limited declined by Rs 117.42 to settle at Rs 1,097.22. Market capitalization rose from Rs. 16.505 trillion to Rs. 16.629 trillion, reflecting the addition of Rs 124 billion to the market cumulative capital price. Out of 478 companies traded on the ready counter, 268 advanced, 178 declined, and 32 remained unchanged — showcasing a strong bullish breadth across the board. The BR Automobile Assembler Index closed at 22,626.13 points after gaining 49.69 points, reflecting a 0.22 percent increase, with a total turnover of 5.27 million shares. The BR Cement Index climbed to 10,714.73 points, marking a rise of 28.86 points or 0.27 percent, as over 35 million shares changed hands during the session. The BR Commercial Banks Index registered a modest gain, adding 96.63 points or 0.24 percent to settle at 40690.84 points, with turnover reaching 58.69 million shares. The BR Power Generation and Distribution Index ended the day at 21,486.47 points, having advanced 52.86 points or 0.25 percent, while total traded shares stood at 21.37 million shares. Meanwhile, the BR Oil and Gas Index concluded at 12,100.68 points after a robust gain of 208.06 points or 1.75 percent, supported by a turnover of 43.72 million shares. The BR Technology and Communication Index saw a slight increase of 4.55 points or 0.15 percent to close at 2,995.94 points, with 86.23 million shares traded. According to Ahsan Mehanti of Arif Habib Corporation, stocks were trading at new all-time highs after the business leaders' meeting with Field Marshal Munir assured the military's support for economic progress, while the government's Senate majority helped bolster investor confidence. He noted that speculation over possible monetary easing by the State Bank of Pakistan next week, alongside expectations of strong financial results and generous annual payouts during the earnings season, played a catalytic role in sustaining bullish activity at the PSX. Copyright Business Recorder, 2025
Business Recorder
18-07-2025
- Business
- Business Recorder
PSX extends bullish rally
KARACHI: The Pakistan Stock Exchange (PSX) extended its bullish momentum on Thursday, buoyed by strong institutional buying, renewed interest in blue-chip stocks, and investor optimism. The benchmark KSE-100 Index surged 2,285 points or 1.68 percent to a new all-time closing high of 138,665.50 points as compare to its previous close of 136,380 points. The index traded between a low of 136,674.98 points and a high of 138,943.47 points during the day. On Thursday, BRIndex100 closed at 14,139.26 points gaining 275.26 points or 1.99 percent from the previous close. The total volume stood at 564.69 million shares. Meanwhile, BRIndex30 closed at 40,135.35 points, up 636.29 points or 1.61 percent. Its total turnover stood at 305 million shares. According to a market review issued by Topline Securities, bulls at PSX roared back after two sessions of mild consolidation, with fertilizers leading the charge. FFC and EFERT collectively contributed 563 points to the index, while UBL, Systems Ltd, Engro Holdings, and Hub Power added another 763 points. In the ready market, turnover improved to 780 million shares, compared to 706 million in the previous session, while traded value surged to Rs 39.97 billion from Rs 32.18 billion, highlighting revived investor interest and confidence. The market capitalization also increased from Rs 16.41 trillion to Rs 16.62 trillion, a net addition of Rs 204 billion. Volume leaders on the ready board included Pak International Bulk Terminal, which closed at Rs 10.09 with over 82.6 million shares traded. Other actively traded stocks were First Dawood Properties with 42.47 million shares and closed at Rs 7.00 and Ghani Chemical World with 26 million shares changes hands closed at Rs 13.21. Among the top gainers in the ready market, PIA Holding Company Limited-B stood out with an exceptional rise of Rs 3,480.96 to close at Rs 38,290.52, while Unilever Pakistan Foods Limited gained Rs 281.14, ending at Rs24,199.14. On the other hand, the biggest losers in the ready market included Pakistan Engineering Company Limited, which fell by Rs 35.79 to close at Rs 740.00, and Bhanero Textile Mills Limited, down Rs 16.48 to Rs 953.39. The BR Automobile Assembler Index ended the session at 22,568.25 points, registering a net gain of 323.03 points, or 1.45 percent up. The total turnover for the sector stood at 8.23 million shares. The BR Cement Index advanced to 10,816.19 points, reflecting a positive movement of 143.44 points or a 1.34 percent rise, supported by a robust trading volume of 56.51 million shares. Closing at 40,451.75 points, the BR Commercial Banks Index recorded a net increase of 543.84 points, equivalent to a 1.36 percent gain, with a cumulative turnover of 52.66 million shares. The BR Power Generation and Distribution Index also closed on a strong note at 21,759.88 points, up 475.18 points or 2.23 percent, driven by a turnover of 34.54 million shares. The BR Oil and Gas Index posted a modest gain, closing at 12,054.20 points after adding 59.3 points, which represents a 0.49 percent increase. The sector saw a total volume of 42.33 million shares traded. Meanwhile, the BR Technology and Communication Index posted a sharp increase of 99.05 points, or 3.32 percent, closing at 3,084.46 points, with a total turnover of 58.22 million shares. Ahsan Mehanti of Arif Habib Corporation noted that the market's record-setting close was driven by broad-based buying, spurred by media speculation about a possible US presidential visit in September. He added that optimism over resolution of budgetary matters and improving economic data also helped drive Thursday's rally. Copyright Business Recorder, 2025
Business Recorder
16-07-2025
- Business
- Business Recorder
Bulls maintain control
KARACHI: The Pakistan Stock Exchange (PSX) maintained its upward momentum on Wednesday as investors engaged in select profit-taking, while maintaining interest in key growth sectors. The KSE-100 Index advanced by 440 points or 0.32 percent to settle at 136,380 points as compare to its previous close of 135,939.87 points. During the trading session, the index hit a high of 137,232 points and dipped to a low of 135,543 points, the overall session reflected a tone of consolidation. On Wednesday, BRIndex100 closed at 13,864 points, gaining 84.65 points or 0.61 percent with a total volume of 520.6 million shares, while BRIndex30 ended at 39,499.06 points, losing 119.68 points or 0.3 percent with a total volume of 309.8 million shares. According to Topline Securities, the session was marked by consolidation and the gains were underpinned by strength in select index movers. Fauji Fertilizer Company (FFC), Engro Corporation (ENGROH), Engro Fertilizers (EFERT), Pakistan State Oil (PSEL), and Attock Refinery (ATRL) collectively contributed 1,160 points to the index. On the downside, major banking stocks, including United Bank (UBL), Meezan Bank (MEBL), and MCB Bank, cumulatively shaved off 443 points due to profit-taking after recent advances. Trading activity, though slightly muted from the previous session, remained healthy. The regular market saw volumes of 706 million shares, down from 879 million a day earlier. Similarly, traded value decreased to Rs 32.18 billion from Rs 38.6 billion. Nonetheless, the market capitalization rose to Rs 16.413 trillion, up from Rs. 16.401 trillion the previous day, adding Rs 12 billion in market cap and signaling a net positive investment trend. Leading the volume charts was Pak International Bulk Terminal (PIBTL), which closed at Rs. 9.69 with over 90 million shares changing hands. Other heavily traded scrips included First Dawood Properties, closing at Rs. 6.11 with 40.6 million shares and DH Partners Limited closed at Rs. 42.06 with 37.2 million shares. On the gainers' board, PIA Holding Company surged by Rs 3,164.51 to close at Rs. 34,809.56, while Unilever Pakistan Foods rose Rs 121.82 to end at Rs 23,918. Meanwhile, Rafhan Maize and Ismail Industries led the laggards, finishing at Rs 9,453 and 2,013.15 declining by Rs 96.44 and Rs 67.57 respectively. Overall market breadth remained evenly balanced, with 223 companies advancing, 221 declining, and 38 remaining unchanged out of 482 total scrips traded. The BR Automobile Assembler Index ended the session down by 111.77 points or 0.5 percent at 22,245.22 points, with a total turnover of 3.336 million shares. The BR Cement Index finished lower by 6.06 points or 0.06 percent at 10,672.75 points, recording a total turnover of 39.668 million shares. The BR Commercial Banks Index ended down 610.62 points at 39,907.91 points, with a total turnover of 62.53 million shares. The BR Power Generation and Distribution Index dropped 54.12 points to settle at 21,284.70, with a total turnover of 19.46 million shares. The BR Oil and Gas Index slipped 36 points or 0.3 percent to close at 11,994.90, with a total turnover of 41,648,957 shares. The BR Technology & Communication Index was down by 28.68 points or 28.68 percent, ending the session at 2,985.41 points, with a total turnover of 72.81 million shares. Market observers noted that the current rally is being fueled by investors' expectations of robust corporate earnings and attractive dividend payouts. Analyst Ahsan Mehanti stated that the ongoing bull run is supported by anticipated credit rating upgrades from Moody's, driven by strong macroeconomic recovery. Reports of the Finance Minister presenting compelling fiscal data to Moody's to improve the country's rating and additionally, government assurances of resolving industrial concerns over budgetary measures, is paving the way for a bullish close at PSX. Copyright Business Recorder, 2025
