Pakistan Strategy - Mar’23 Market Review & Outlook,(AKD Daily, Apr 04, 2023)
AKD Daily
Pakistan Strategy - Mar’23 Market Review & Outlook,
- The KSE-100 index lost 1.3% or 510pts during the course of the outgoing month to close at 40,001pts, ending a month on a low. Amid such uncertainties, Average volumes in the index dropped further by 20%MoM to 81mn shares vs. the 102mn shares recorded in the last month.
- For foreigners, Banks remained the least favorite sector, followed by the Technology sector, while the E&P sector remained the preferred sector for foreign inflows. From local participants, Companies were by far the largest buyers while Mutual funds remained the largest sellers.
- The Glass & Ceramics sector was the most favorite sector, followed by the Sugar, Textile Weaving and Leather sectors. While on the flipside, the least preferred sectors were Miscellaneous, Vanaspati & Allied Industries along with the Tobacco and Food sectors.
- As aforementioned, market participation has been low in the recent past due to uncertainties on the political and economic fronts. With this backdrop, we continue to recommend our investors to remain cautious in the market.
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.