AKD STOCK SMART, Oct 13, 2017
Political headwinds, concerns regarding the macroeconomic situation and seemingly tensed relations between the civil and military factions of the country kept the market under pressure, resulting in KSE-100 index losing 1,466pts (-3.55%WoW) to end the week at 39,847pts. This is the first time after Jun 02’17 that the benchmark index ended all five trading days in the negative zone. Avg. daily trading activity during the week slightly advanced by 4.96%WoW to 145.79mn shares, where volume leaders were: 1) KEL (120.63mn shares), 2) TRG (39.96mn shares), 3) ANL (33.20mn shares), 4) CWSM (24.33mn shares) and 5) BOP (21.29mn shares). Key news flows impacting the market included: 1) NEPRA announcing its decision on KEL’s MYT review petition where the regulator approved a minor 5% increase in previously announced tariff to PkR12.77/KwH against the company’s demand of PkR16.1/KwH, 2) ECC approving the rise in margins of petroleum products, deregulation of HSD and renewal of textile package with 50% of rebates to be offered without any condition, 3) fiscal deficit narrowing to 0.9% of GDP in 1QFY18 vs. 1.35% of GDP in 1QFY17, 4) World Bank reiterating its concerns over the external sector of Pakistan and 5) sales of cars and light commercial vehicles (LCVs), jeeps and vans increasing 27%YoY to 60,469 units in 1QFY18. Outperformers during the week were: 1) POL (+11.87%WoW), 2) INDU (+1.75%WoW), 3) PPL (+0.57%WoW) and 4) BAFL (+0.39%WoW) while major losers from our universe were: 1) MLCF (-14.08%WoW), 2) PIOC (-12.56%WoW), 3) ASTL (-12.44%WoW), 4) GWLC (-11.51%WoW), 5) KEL (-11.11%WoW) and 6) ABL (-0.02%WoW). Foreigners’ interest in the market grew significantly with an inflow of US$38.9mn, beating its previous highest weekly net accumulation of US$27.7mn since the beginning of FY18.
Lucky Cement is a cement manufacturing and distribution company which is based in Pakistan. Co. is engaged in the manufacture and sale of Ordinary Portland, Sulphate Resistant, and Slag Cement. Co.'s brand names included Lucky Cement, Lucky Star, Lucky Gold, Chairman, and Lucky Sulphate Resistant Cement. Co. maintains production facilities in Pezu (Production capacity: 13,000 tons per day) as well as in Karachi (Production capacity: 8,000 tons per day). In addition, Co. is engaged in developing export markets for bulk loose cement from Pakistan to the Gulf Countries, African Markets, and Far East Region including Nepal & Sri Lanka.
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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