AKD STOCK SMART
​The KSE-100 Index slid 2.88% WoW, shedding 1,343 points to close at 45,222 Pts. Record PkR depreciation of 3.2% in a single day built some impetus on intra-day basis, but summoning of Sharif family members and the associate by the JIT added to the prevailing risk-off sentiment. Average daily traded volumes dropped by 36.01%WoW (vs. the last 5 trading days) to 165.97mn shares with 1) TRG (73.42mn shares), 2) EPCL (46.68mn shares), 3) BOP (42.48mn shares), 4) KEL (34.84mn shares), and 5) ASL (28.60mn shares) leading the board. Notable news during the week included: 1) GoP slashing retail fuel prices by PkR1.5/ltr for July’17, 2) PACRA maintaining Bank Al Habib’s long-term and short-term entity ratings at AA+ and AA, 3) Ittefaq Steel’s (IIIL) trading initiating on the bourse, 4) fertilizer manufacturers resuming sales of urea after MoF and the ministry of food security gave an assurance to issue a subsidy notification within a few days, and 5) long awaited operations of PIBTL finally commencing. Performance leaders during the week were: 1) PPL (+10.08%WoW), 2) SSGC (+5.66%WoW), 3) MLCF (+2.54%WoW), 4) HMB (+1.36%WoW) and 5) HUBC (+1.34WoW); while laggards included: 1) HCAR (-14.91%WoW), 2) LUCK (-9.92%WoW), 3) FFBL (-9.34%WoW), 4) UBL (-8.64%WoW) and 5) PSMC (-7.61%WoW). Foreign participation continued its negative trend with US$5.84mn outflows compared to a net inflow of US$34.12mn 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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