Nov'17_Commodities Update
Continuing to climb, bullish sentiment prevailed during Nov'17 with commodity index firming up around 189.1 points. This uptrend was led by higher oil prices that treaded upwards (Brent/WTI gaining9.4%/10.3%MoM) following OPEC's agreement to extend supply cuts amid escalating Middle East crisis. Similar trend was seen in Coal (+2.4%MoM) with the increase being driven by higher demand in China (ongoing heating season, lower hydro power output). Steel prices also treaded upwards (+2.1%MoM) as the Chinese government implements a policy of curtailing supply in the backdrop of improved demand. That said, prices for international milk (FAO dairy index down 4.9%MoM) and Urea (down 1.8%MoM) cooled on the back of rising output. Going into Jan'17, the commodity cycle can sustain its current uptrend with weather disruptions, policies of the Chinese govt. and manageable inventory levels making room for higher prices.
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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