Pakistan Economy: Inflation on a steady march, marking new highs, (AKD Daily Aug 30, 2019)
- Inflationary pressures continue to gain further momentum, with the upcoming Aug’19 CPI reading expected to hit 7yr high of 11.67%YoY vs. 10.34%YoY in the last month and 5.84%YoY in Aug’18. Sequentially, the CPI index is likely to move up 1.41%MoM.
- The steep increase in food prices particularly certain perishables and higher fuel prices as a result of hike in gov’t administered POL product prices are the key factors, pushing monthly reading to new highs.
- Core inflation - measured through NFNE index – is also projected to steadily increase in Aug’19 to 7.92%YoY vs. 7.80%YoY in the preceding month and 7.70%YoY in Aug’18, signifying sustained inflationary pressures in the economy.
- While the recent developments (steep fall in yield spreads, higher participation in longer tenor bills) in the debt market point to the end of tightening cycle, we think the inflation readings in the next few months remain critical in determining the monetary policy outlook.
AKD Research
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.