Stock Smart Weekly
Continuing with its last five week’s positive momentum (where the benchmark index rose 15% or 5,905pts), market gained another 372pts this week to close the KSE-100 index at 44,551 (up 0.84%WoW). Uptrend in int’l oil prices (Brent: +2.6%WoW to stand at US$70.38/bbl), abated political noise and renewed interest from foreign investors helped the index to pursue its broad base recovery in the current week as well. Average daily traded volumes also improved significantly by 49.57%WoW to 275.41mn shares with 1) TRG (73.93mn shares), 2) KEL (73.26mn shares), 3) DCL (63.62mn shares), 4) BOP (59.65mn shares) and 5) POWER (51.41mn shares) leading the board. Key news flows impacting the market during the week were: 1) Pakistan's foreign exchange reserves fell to US$19.640bn, with the reserves held by central bank fell by US$166mn (1.23%WoW) attributable to external debt servicing, 2) Fitch Ratings revised the Pakistan's outlook from Stable to Negative and affirmed both long-term Foreign currency IDRs at ''B'', 3) As per NFDC, fertilizer off-take during CY17 grew by 8%YoY to 9.87mn tons, 4) World Economic Forum (WEF) ranked Pakistan (47th position) ahead of India (62nd position) in terms of emerging economies of the world and 5) the SBP in its quarterly report said that prospects for economic growth remain strong and the economy is poised to achieve FY18 growth target of 6%. Performance leaders during the week were: 1) EFOODS (+20.86%WoW), 2) DGKC (+11.06%WoW), 3) PIOC (+10.64%WoW), 4) CHCC (+9.35%WoW) and 5) FCCL (+6.38%WoW); while laggards included: 1) POL (-7.88%WoW), 2) UBL (-5.01%WoW), 3) FFBL (-4.03%WoW), 4) BAFL (-3.36%WoW) and 5) FFC (-3.29%WoW). Foreign participation remained in the positive zone with US$12.44mn inflows compared to US$33.11mn inflows in the preceding week.
FrieslandCampina Engro Pakistan Ltd Formerly known as Engro Foods Ltd. FrieslandCampina Engro Pakistan Limited, formerly Engro Foods Limited, is a Pakistan based company engaged in the manufacturing, processing and marketing of dairy products, fruit drinks and frozen desserts. The Company also owns and operates a dairy farm. The Company's segments include Dairy and beverages; Ice cream and frozen dessert, dairy farm and Others. The Company's brands include Olper's, Olper's Lite, Omore, Dairy Omung, Olper's Lassi and Tarang. The Company offers frozen desserts in cups, sticks, cones and family packs. The Company's exports portfolio consists of branded products, anhydrous milk fat (AMF) and unsalted butter. Its branded products include milk, beverages, tea whitener and others. The Company offers olper's full cream milk, olper's lite, olper's cream, olper's tarrka and olper's dobala. Olper's Lite is a low-fat, hi-calcium milk. The Company has operations in countries, such as Mozambique, Sri Lanka, Singapore, Guinea, Libya and the United Arab Emirates.
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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