AKD STOCK SMART
With rising political uncertainty (PAT’s protest against Punjab government, summoning of former PM and his sons to NAB), the benchmark KSE-100 index fell 4.8%WoW, ending the 4-day trading session at 43,078pts. In tandem, average daily turnover also declined 3.38%WoW to 183.5mn shares, with volume leaders comprising: 1) ANL (57.15mn shares), 2) ASL (41.21mn shares), 3) TRG (39.18mn shares), 4) BOP (38.77mn shares) and 5) KEL (32.47mn shares). Apart from aforementioned developments, key news flows impacting the market included: 1) Nawaz Sharif’s counsel filing review petition against Panama leaks case verdict, 2) NAB sending letter to Saudi authorities requesting details of the Azizia Steel Mills, 3) total foreign exchange reserves falling consecutively fifth week to US$19.94bn during the week ended Aug 11’17, 4) country’s service exports rising 1.76%YoY to US$5.5bn in FY17 and 5) net FDI during Jul’17 clocking in at US$222mn. Performance wise, scrips losing the most during the week were: 1) ASTL (-15.71%WoW), 2) PSMC (-15.43%WoW), 3) EFOODS (-13.02%WoW), 4) CHCC (-10.90%WoW) and 5) GWLC (-10.06%WoW), while in AKD universe only NBP managed to end the week in green territory. Foreign interest continued to wane amidst rising concerns over currency depreciation and political instability, where net outflows during the week were US$2.04mn against US$31.16mn preceding week.
Pak Suzuki Motor is engaged in assembling, progressive manufacturing and marketing of Suzuki cars, pickups, vans, and 4X4 vehicles. Co.'s product models include Baleno, Margalla, Mehran, Kyber, Ravi Pickup, Bolan Van and Potohar Jeep.
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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