AKD STOCK SMART
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KSE-100 index paired gains for the fifth consecutive session closing the week at 45,288 points, dwindling 3.39%WoW or down 1589pts. Despite ongoing result season, the index weighed upon political uncertainty with Tahir ul Qadri demanding public disclosure of 12th May judicial commission report and ousted Prime Minister marching out to protest Supreme Court’s decision. Key news flows impacting the markets were: 1) reduction in retail prices of MOGAS and HSD by PkR1.80/2.50/litre, 2) GoP disbursing PkR25-30bn to the exporters under PM’s package, 3) auto sales surging 17.9% YoY to 20,369 units in Jul’18, 4) total cement dispatches growing by 44%YoY to 3.382mn tons in Jul’18 where local cement offtake registered staggering 55%YoY growth to 2.906mn tons and 5) trade deficit widening by 56%YoY to US$3.2bn in Jul’18, wherein imports/exports went up by 37%/10.5%YoY to US$4.84/US$1.63bn. Average daily traded volumes plunged 45.57%WoW to 189.92mn shares where 1) ANL (62.31mn shares), 2) TRG (58.52mn shares), 3) KEL (57.54mn shares), 4) SMBL (55.43mn shares), and 5) ASL (54.91mn shares) topped the list. Performance wise, only 3 scrips in AKD Universe managed to close the week on a positive note namely 1) PSO (+4.88%WoW), 2) INDU (+1.79%WoW), and 3) BAFL (+0.07%WoW) while laggards included 1) MLCF (-14.67%WoW), 2) EFOODS (-12.08%WoW), 3) PSMC (-11.44%WoW), 4) ENGRO (-7.44% WoW), and 5) FFBL (-6.57%WoW). Foreigners remained net sellers dumping stocks worth US$31.16mn compared with US$41.09mn in the last week.
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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