AKD STOCK SMART
Weekly Review
The ongoing political instability further fueled by announcement of tough US Pak-Afghan policy continued to cloud the investors’ sentiment, leading to the benchmark KSE-100 index falling 1.01%WoW, to close the week at 42,642pts. Continuing with risk-off approach, investors stayed away at bay where average daily turnover fell 2.06%WoW to 179.73mn shares with volume leaders comprising: 1) TRG (74.85mn shares), 2) ANL (74.76mn shares), 3) KEL (43.21mn shares), 4) BOP (41.81mn shares) and 5) ASL (41.69mn shares). Major news flows impacting the market included: 1) NAB filing application before SC seeking statements from JIT members in the implementation of Panama leaks case verdict, 2) country’s CAD during Jul’17 widening by 3.1xYoY to US$2.05bn, where both imports and exports growing by 36%YoY/10.58%YoY, respectively, 3) GoP reportedly revealing plans to raise US$1bn via Eurobond/Sukuk in next few months, 4) PSX proposing certain amendments regarding less liquid stocks, fee structure and classification under defaulters’ segment and 5) total foreign exchange reserves reverting back to US$20.046bn after falling for five consecutive weeks. Scrips leading the bourse during the week were: 1) ASTL (+7.07%WoW), 2) POL (+5.42%WoW), 3) NML (+4.51%WoW), 4) PPL (+3.13%WoW) and 5) INDU (+2.97%WoW), while EFOODS (â€9.08%WoW), DGKC (â€8.49%WoW), PIOC (â€6.79%WoW) and GWLC (â€6.52%WoW) topped the major losers list. Foreign interest remained lackluster in view of elevated concerns over currency depreciation and political instability, where net outflows during the week were US$9.77mn vs. net outflows of US$2.04mn 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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