Stock Smart Weekly
Weekly Review
KSE-100 index ended flat during the week, losing 37pts/0.1% to close at 42,750. Domestic politics continued to direct market sentiments where LHC’s order to make the Model Town report public created pressure. Average daily traded volumes soared up by 8.59%WoW to 170.63mn shares with 1) WTL (72.59mn shares), 2) TRG (61.76mn shares), 3) DSL (58.48mn shares), 4) EPCL (34.92mn shares) and 5) KEL (29.18mn shares) leading the board. Other key newsflow impacting the market performance included: 1) PML-N winning in NA-120 bye elections, 2) MoF seeking to appoint financial advisors for issuance of Islamic Sukuks upto US$1bn, 3) UK reiterating its commitment to retain duty-free access for Pakistan, 4) increase in FDI by 2.5xYoY to US$457.2mn in 2MFY18, 5) IMF’s representative stating that Pakistan can address fiscal and external account challenges on its own and 5) Senate standing committee demanding resignation of Finance Minister Ishaq Dar.Performance leaders during the week were: 1) FFC (7.12%WoW), 2) ABL (4.65%WoW), 3) MCB (4.42%WoW), 4) UBL (3.83%WoW) and 5) EFERT (3.38%WoW); while laggards included: 1) HBL (-5.37%WoW), 2) EFOODS (-4.40%WoW), 3) LUCK (-3.51%WoW), 4) PIOC (-2.61%WoW) and 5) DGKC (-1.93%WoW). Foreign activity slacked down this week with a net inflow of US$0.377mn against US$27.7mn in the previous week.
Outlook
With the result season nearing its end, future rollover week round the corner and lack of any positive triggers, we expect market to remain lackluster in the upcoming week. Events to track include: 1) developments on the model town report, 2) upcoming hearing of ex-PM (Nawaz Sharif) and FM (Ishaq Dar), and 3) upcoming monetary policy.
Fauji Fertilizer is engaged in the manufacturing, purchasing and marketing of fertilizers including the investment in other fertilizer manufacturing operations. As of Dec 31 2004, Co. had a design capacity of 2,455,000 tonnes for urea production and 445,000 tonnes for DAP production.
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.