AKD STOCK SMART, Sep 15, 2017
In the absence of major political updates, KSE-100 index ended the week at 42,787 points, rising 3.35%WoW, as the bourse rode on to the path carved out by Intl. oil prices (+4.8%WoW) while incorporating the buoyant pull from HBL as the saga ended with HBL paying US$225mn against the initial expectations of US$630mn. Average daily traded volumes, though remaining dismal, soared up by 15.5%WoW to 157.13mn shares with 1) WTL (60.91mn shares), 2) ANL (60.74mn shares), 3) TRG (44.16mn shares), 4) ASL (40.11mn shares) and 5) BOP (31.92mn shares) leading the board. Other keys news flows impacting the market during the week included: 1) Country’s trade deficit widening by 33.52%YoY to US$6.29bn in 2MFY18, where both imports/exports(+24.85/+11.8%YoY) witnessed upward trend, 2) foreign workers’ remittances during 2MFY18 tweaking up to US$3.49bn (+13.2%YoY) with a seasonal impact of Eid-ul-Azha, 3) total cement dispatches growing by 5.02%YoY to 3.76mn tons in Aug’17 backed by strong domestic dispatches growth of 10.8%YoY, 4) GoP approving sugar export quota of 0.5mn tons with a subsidy of PkR10.7/sh and 5) NAB reportedly finalizing to file an appeal against Sharif family in the Hudabiya Paper Mills Ltd case. Performance leaders during the week were: 1) HBL (21.8%WoW), 2) ENGRO (11.1%WoW), 3) EFOODS (9.7%WoW), 4) NBP (9.6%WoW) and 5) NML (7.4%WoW); while laggards included 1) CHCC (-4.9%WoW), 2) APL (-4.5%WoW), 3) FCCL (-1.7%WoW), 4) GWLC (-1.6%WoW) and 5) PIOC (-1.2%WoW). Domestic equities garnered significant foreign interest where foreigners remained net buyers of US$27.7mn, the most in a week since the beginning of FY18.
Nishat Mills is engaged in the business of textile manufacturing and of spinning, combing, weaving, bleaching, dyeing, printing, stitching, buying, selling and otherwise dealing in yarn, linen, cloth and other goods and fabrics made from raw cotton, synthetic fiber and cloth, and to generate, accumulated, distribute and supply electricity.
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.