Pakistan Commodities: Unlikely end to trade war keeps commodities on edge
- Series of developments around trade tensions between the US and China weighed on commodity markets, as the G-20 meeting in Argentina failed to allay concerns over the next round of sanctions between the world top economies.
- Resultantly, the benchmark Thompson Reuters TRJ Commodity index slipped 4.8%MoM for Nov’18, amid fears over slowing economic growth in the US, emerging market contagion, softening GDP growth in the EU.
- Broadly, energy benchmarks witnessed declines, while steel prices extended their declines, and Cotton markets remained firm due to new buying activity. Additionally, international nitrogenous fertilizer benchmarks softened while the FAO index slipped 1.3%MoM, pulled by weaker vegetable oil, dairy and cereal prices.
- Approaching the end of CY18, fears over global economic growth have fueled bearish sentiment in commodities, where the fear of the US China trade spat flowing over to a full-blown trade war remains center stage. At home, falling commodity prices could bring much-needed relief for a strained external accounts picture, while spillovers in the form of subdued inflation are much welcome.
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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