Pakistan Strategy: Pak-India ties – When one door closes, another opens, (AKD Daily, Feb 19, 2019)
Drastic and abrupt, developments on our Eastern front appear to be of increased pertinence, due in part to timing (Indian national polls in April-May'19), as negotiations for a US pullout from Afghanistan are gaining steam, while regional geopolitical alliances adjust to a multi-polar world
Taking cues from past actions while commenting on possible developments across the border and at home, we highlight possible repercussions on polymer, packaging product and cotton imports, while delving into roadblocks placed on the Cement space from trade altercations (rising cost of polypropylene, Western Indian cement expansions)
Underlining our analysis with recorded cease-fire violations and contrasting these events with KSE-100 index performance, we highlight the non-event nature of low-intensity border conflicts. That said, the current spate of terrorist actions have a greater chance of escalating due to political motives (Indian elections), possibly deviating from 'run-of-the-mill' political rhetoric
The conclusion of Saudi Crown Prince's visit to Islamabad, accompanied by developments in the Afghan sphere and strengthening ties with China make for an increasingly tough defensive stance to Delhi's calls for 'isolating Pakistan', while long term developments towards sustainable peace in Afghanistan, (with the Taliban at the helm) could have positive spillovers for exports at home.
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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