AKD STOCK SMART
​
Recovering from last week dreadful performance (where the market lost 7.75% or 4,082pts), the KSE-100 index gained 2.0%WoW this week to close at 49,527pts. Foreign participation remained encouraging with inflows of US$6.5mn compared to outflows of US$149.5mn in the previous week. However, investor participation remained week, where average daily traded volumes fell by 18.82%WoW to 239.3mn shares, with 1) EPCL (68.91mn shares), 2) DSL (59.30mn shares), 3) DFSM (53.75mn shares), 4) ANL (48.29mn shares) and 5) ASL (37.39mn shares) as volume leaders. Pertinent news flows during the week were: 1) domestic cement offtake increased 11%YoY to 37.6mt in 11MFY17, whereas exports fell 21.3% in the same period, 2) CM Sindh presented FY18 provincial budget with a record outlay of PkR1.04tn, with total expenditures/revenues estimated at PkR1043/1028bn and PkR274bn has been allocated for development expenditure, 3) the Pakistan Stock Exchange concluded the IPO for 20% of its stake in line with its demutualization process, 4) the World Bank has forecasted Pakistan's GDP growth rate for FY18/FY19 at 5.5%/5.8% on the back of robust agriculture sector and CPEC led development, and 5) LNG imports soared 107% to ~469mmcfd in 9MFY17, where LNG is being imported by PSO through competitive bidding and short/long term contracts. Stock driving the index higher were: 1) EPCL (+17.67%WoW), 2) AGTL (+12.41%WoW), 3) ICI (+7.94%WoW), 4) HCAR (+6.98%WoW) and 5) INDU (+6.27%WoW), whereas dampeners were: 1) 1) EFOODS (-3.31%WoW), 2) NML (-3.07%WoW), 3) NCL (-2.64%WoW), 4) OGDC (-1.81%WoW) and 5) SNGP (-1.10%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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.