In the globe of finance, The stock exchange works as an essential barometer of a country’s economic health (PSX). Pakistan Stock Exchange is Pakistan’s most prominent finance institute, serving as a vital hub for trading and investment activities. Finance: Let’s talk about the Pakistan stock exchange market.
Main Board Highlights
- HUBC (Hub Power Company): Shares priced at PKR 81.75, with a daily high at PKR 83.35 and a low at PKR 81.1. Positive change of 0.77, with significant trading activity (11,856,202 shares).
- WTL (Worldcall Telecom Limited): Share price PKR 1.15, high PKR 1.17, low PKR 1.13. Change -0.02, robust trading volume (9,781,098 shares).
- TREET (Treet Corporation): Trading at PKR 16.39, high PKR 17.09, low PKR 16.0. Positive change of 0.43, 7,131,077 shares traded.
- UBL (United Bank Limited): Share price PKR 141.11, high PKR 146.4, low PKR 138.0. Impressive change of 3.17, 4,179,652 shares traded.
Market Activity
- KSE 100 Index: According to current international news, 45,508.39 points decreased by 357.34 points (0.78%). High at 45,902.72 points, low at 45,468.27 points. Trading volume substantial (58,350,762), total market value estimated at 4,193,744,567 PKR.
Futures Outlook
- AABS (Atlas Battery Limited): Priced at 505.0 PKR, decreased by 4.5 PKR (0.90%), no reported trading volume.
- KAPCO (Kot Addu Power Company): Trading at 25.42 PKR, decreased by 0.39 PKR (1.51%), with a trading volume of 2.755 contracts.
- OGDC (Oil & Gas Development Company): Currently priced at 93.35 PKR, decreased by 2.64 PKR (2.78%), trading volume of 3.428 contracts.
Exchange Notices and Announcements
- Habib Bank lIMITED Suspension of trading in the Term Finance Certificate of HBL TFC2.
- Approved amendments in NCCPL Regulations, 2015, and NCCPL Centralized Know Your Customer (KYC) Organization.
- Non-compliance with PSX Regulations 5.11.1. (c) & (d) by Ansari Sugar Mills Limited.
Company Updates
- Submission of Annual Report for the year ended June 30, 2023, by PRL (Pakgen Power Limited).
- Credit of interim cash dividend by DAWH (Dawood Hercules Corporation Limited).
- Corporate briefing session – Change in venue by SCBPL (Standard Chartered Bank Pakistan Limited).
- Notice of the 169th Board of Directors meeting by SPLC (Security Papers Limited).
Various Sectors Stock Exchange
AUTOMOBILE ASSEMBLER
| SCRIP | LDCP | OPEN | HIGH | LOW | CURRENT | CHANGE | VOLUME |
|---|---|---|---|---|---|---|---|
| AL-Ghazi Tractors | 259.53 | 258.99 | 265.0 | 258.02 | 258.02 | 2.03 | 6,200 |
| Dewan Motors | 15.98 | 17.32 | 17.65 | 15.98 | 15.98 | -1.3 | 5,575,994 |
| Ghandhara Automobile | 37.13 | 37.8 | 38.5 | 36.25 | 37.2 | -0.37 | 113,577 |
| Ghandhara Ind. | 99.12 | 98.7 | 101.7 | 97.4 | 99.35 | 1.1 | 352,069 |
| Hinopak Motor | 189.95 | 194.9 | 194.9 | 185.0 | 185.0 | 5.45 | 200 |
| Honda Atlas Cars | 113.24 | 111.85 | 116.87 | 110.0 | 113.3 | 2.47 | 345,308 |
| Indus Motor Co | 940.09 | 959.97 | 959.97 | 937.01 | 940.0 | -0.02 | 1,333 |
| Millat Tractors | 442.62 | 443.9 | 444.0 | 442.36 | 442.81 | 0.14 | 16,604 |
| Pak Suzuki | 111.16 | 109.99 | 113.3 | 108.91 | 111.0 | 1.68 | 432,753 |
| Sazgar Eng | 81.49 | 79.95 | 83.99 | 79.95 | 81.4 | 2.08 | 723,821 |
AUTOMOBILE PARTS & ACCESSORIES
| SCRIP | LDCP | OPEN | HIGH | LOW | CURRENT | CHANGE | VOLUME |
|---|---|---|---|---|---|---|---|
| Agriautos Ind. | 58.25 | 0 | 0 | 0 | 0 | 13,500 | |
| Atlas Battery | 236.36 | 235.11 | 238.0 | 235.0 | 236.0 | -0.41 | 31,100 |
| Bal.Wheels | 153.08 | 156.6 | 158.0 | 151.35 | 151.35 | -9.92 | 30,000 |
| Exide (PAK) | 329.89 | 325.0 | 338.52 | 325.0 | 330.0 | 4.13 | 6,700 |
| Ghandhara Tyre | 23.38 | 24.97 | 24.97 | 23.0 | 23.0 | -1.21 | 97,500 |
| Loads Limited | 5.98 | 6.1 | 6.12 | 5.78 | 5.94 | -0.11 | 166,500 |
| Panther Tyres Ltd. | 24.98 | 24.96 | 25.15 | 24.95 | 24.98 | 23,000 | |
| Thal Limited | 210.11 | 233.0 | 233.0 | 210.0 | 210.0 | -12.32 | 45,133 |
CABLE & ELECTRICAL GOODS
| SCRIP | LDCP | OPEN | HIGH | LOW | CURRENT | CHANGE | VOLUME |
|---|---|---|---|---|---|---|---|
| Pak Elektron | 9.37 |
Financial Results
- Kohinoor Textile: Reported a profit before tax of 3,463.592 million PKR and an after-tax profit of 2,407.262 million PKR for the year ended June 30, 2023.
- Dynea Pakistan: Announced a 200% (F) dividend and reported a profit before tax of 1,079.960 million PKR and an after-tax profit of 665.164 million PKR for the year ended June 30, 2023.
- National Foods: Breaking news: Declared a 50% (F) dividend and reported a profit before tax of 2,701.944 million PKR and an after-tax profit of 2,188.040 million PKR for the year ended June 30, 2023.
Formation of PSX
- PSX (Pakistan Stock Exchange): Established on January 11, 2016, through the merger of three major stock exchanges in Pakistan,
- Lahore Stock Exchange (LSE),
- Islamabad Stock Exchange (ISE),
- (KSE) Karachi Stock Exchange
Current Status of PSX
- Approximately 375 listed companies.
- Total market capitalization of PKR 7,756 billion (US$27 billion).
- Various types of investors include foreign and domestic institutional and retail investors.
- About 400 brokerage houses and 21 asset management companies are associated with PSX.
Frontier Market Status
- MSCI classified PSX as a frontier market on September 8, 2021, acknowledging its significance in the global investment landscape.
Strategic Partnership
- In December 2016, PSX sold 40% of strategic shares to a Chinese consortium for US$85 million.
Historical Significance
- KSE, one of PSX’s predecessors, was listed among the world’s best-performing frontier stock markets, delivering an average 26% return annually between 2009 and 2015.
Conclusion
The Pakistan Stock Exchange (PSX) reflects a dynamic and evolving landscape influenced by various domestic and international factors. Over the specified time frame, the PSX showed both periods of growth and setbacks, illustrating its susceptibility to economic conditions, geopolitical developments, and investor sentiment.