AKD STOCK SMART
Deteriorating investor confidence spilled over from an unstable political picture as the JIT report submission and political response from the same, prompted ‘wild’ intra-day moves. The market hit CYTD low of 43,043 pts during the week ending at 44,337 pts, losing 885 pts (down 1.96% WoW). Major news flows during the week included: 1) KEL unveiling its US$1bn investment plan to set up a new 900MW power plant as NEPRA held public hearings for MYT Review, 2) cement dispatches during FY17 rising to 3.71%YoY to 40.315mn tons, despite declining 18.6% YoY to 2.72mn tons in Jun’17, 3) foreign workers’ remittances during FY17 falling 3.08%YoY to US$19.30bn, 4) trade deficit widening by 36.32%YoY to US$32.578bn in FY17, where imports rose 18.67%YoY to US$53.026bn while exports fell 1.63%YoY to US$20.448bn, and 5) total domestic car sales during FY17 going up 2.55%YoY to 185,781units. Average daily traded volume slightly improved by 5.24%WoW (vs. last 5 trading days) to 174.66mn shares, where volume leaders during the week were: 1) KEL (68.63 mn shares), 2) TRG (55.32 mn shares), 3) BOP (46.74 mn shares), 4) EPCL (34.74 mn shares) and 5) ASL (29.47 mn shares). Scrips losing most during the week were: 1) HCAR (-12.64%WoW), 2) PSMC (-10.56%WoW), 3) CHCC (-9.36%WoW), 4) ICI (-7.08%WoW), 5) LOTCHEM (-6.93%WoW), whereas gainers were 1) GWLC (4.43%WoW), 2) EFERT (3.99%WoW), 3) NBP (3.93%WoW),4) PPL (2.99%WoW), 5) FFC (2.47%WoW).
AKD Securities Ltd. is one of the leading securities firm in Pakistan, providing a comprehensive range of investor focused services, including equity brokerage, economic and securities research, investment banking and financial advisory services. AKD Securities accounts for more than 6% of the average daily value of the Karachi Stock Exchange. AKD Securities was the first brokerage house to launch an online trading platform in Pakistan in November 2002 and now has the largest market share with over 6000 customers. This has helped diversify and expand the retail investor base in the country and ushered in a whole new universe of investors to the stock market.
AKD Securities Ltd. caters to a diversified group of domestic and international institutional investors, high net worth individuals and upscale retail clients, including expatriate Pakistanis. With high quality research, unparalleled execution and distribution capability for both regular and large block trades, AKD Securities Ltd. has earned an outstanding reputation in the Pakistani securities industry.Outside of commercial banks, AKD Securities Ltd. is one of the biggest capital market firms in the country. AKD Securities is the leader in raising and providing risk capital in underwriting, market making and mergers and acquisitions in Pakistan. Good corporate governance and professionalism are emphasized throughout the firm and AKD Securities Ltd. is amongst the very few companies to have introduced a firm-wide comprehensive CODE of ETHICS, overseen by an independent compliance manager.Ultimately, our success is based on the quality of service we provide to our customers and the trust and confidence reposed in us by them. Our focus, therefore, remains on customer satisfaction at all levels in the company.
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