AKD STOCK SMART, Jul 28, 2017
​Passing through a rough patch marred by political stressors, unveiling of the Supreme Court decision on the Panama papers inquiry and a spate of largely unsatisfactory results releases, the KSE-100 index held onto gains, closing the week at 45,912pts, up 1.4%WoW. News flows impacting the market included: 1) as per weekly data released by SBP, Pakistan's foreign exchange reserves falling to US$20.4bn down 1.89%WoW during the week, 2) ENGRO's Thar coal-fired power project likely to start commercial operations by Jun' 2019, about four months ahead of its official deadline, 3) NEPRA scaling down the tariff for electricity supply from the new Thar coal-fired plants by 18.51% because of falling production costs, and 4) as per recent data released by NFDC, urea off take during Jun'17 soaring 79%YoY/103%MoM to 1.06mn tons, while DAP offtakes climbing 161%YoY/61%MoM to stand at 112k tons. Scrips leading the bourse were: 1) EFOODS (+5.8%WoW), 2) HUBC (+5.7%WoW), 3) POL (+5.4%WoW), 4) MLCF (+4.3%WoW) and 5) INDU (+4.14%WoW); whereas laggards were: 1) PSMC (-6.9%WoW), 2) LUCK (-6.1%WoW), 3) ASTL (-2.5%WoW), 4) APL (-2.0%WoW) and 5) MCB (-1.9%WoW). Average daily traded volumes jumped 48%WoW to 198.35mn shares with leaders being: 1) ANL (24.9mn shares), 2) EPCL (19.8mn shares), 3) TRG (18.6mn shares), 4) KEL (16.4mn shares) and 5) ASL (14.96mn shares). Foreign interest continued to remain weak with net outflows of US$13.15mn against net outflows of US$2.00mn in the preceding 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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