Report
Team AKD Research
EUR 8.70 For Business Accounts Only

Pakistan Commodities_Feb’18 Review

Mimicking bearish oil price trend, the global commodity index lost 1.7%MoM in Feb’18. The energy component recorded the steepest decline with oil prices (Arab Light/Brent: down 4.7%/4.8%MoM) losing out the most. In this regard, a strengthening US Dollar (DXY: +1.7%MoM) together with rising production statistics from US weighed on energy prices. Similarly, lower demand on account of end of heating season kept coal prices under pressure while cotton prices retreated from its 3.5yr high following a strong rally in Jan’18. That said Dairy (+6.2% MoM on strong import demand and lower output in the largest milk producing country, New Zealand) and Urea (+4.4%MoM on lower production as gas supply issues intensify in China) were notable exceptions to the trend. Going forward, commodities are likely to consolidate around current levels however much depends upon the environmental/trade policies adopted by China and incoming US oil production data that can impact prices accordingly.

 

Provider
AKD Securities Limited
AKD Securities Limited

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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Team AKD Research

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