Stock Smart Weekly (Aug 04, 2017)
​Smooth political transition strengthened sentiments with KSE-100 index gaining 965pts or +2.10%WoW to close the current week at 46,877. In this regard, the new PM, Shahid Khaqan Abbasi, was sworn in this week with the formation of the cabinet. Average daily traded volumes also inched up by 75.9%WoW to 349mn shares with 1) ANL (134.2mn shares), 2) BOP (120.1mn shares), 3) KEL (113.2mn shares), 4) TRG (99.1mn shares) and 5) ASL (95.2mn shares) leading the board. Key news flows during the week included: 1) Ministry of national food security and research directed to immediately disburse PkR20bn in pending subsidy claims to the fertilizer makers and to simplify the process for disbursing pending payments under the subsidy schemes of FY16 and FY17, 2) issuance of fresh guarantee of PkR30bn by Finance Ministry to the power sector for settlement of its liabilities on account of repayment of loan and interest payment through a fresh loan, 3) headline inflation for Jul’17 came in at 2.91% vs. 3.93% in Jun’17, 4) NEPRA approved upfront tariff of PkR7.1129/kWh for coal-fired CPP which will remain applicable till Dec 31’18 and 5) textile sector expected to receive PkR15bn as incentives under the export package worth of PkR180 billion by Aug 15’17. Performance leaders during the week were: 1) PSO (+10.2%WoW), 2) KEL (+10.1%WoW), 3) PTC (+6.6%WoW), 4) UBL (+6.2%WoW) and 5) EFERT (+6.2WoW); while laggards included: 1) HBL (-4.7%WoW), 2) FFC (-2.3%WoW), 3) PPL (-1.6%WoW), 4) INDU (-1.5%WoW) and 5) ABL (-0.8%WoW). Foreign participation continued its negative trend with US$41.09mn outflows compared to US$13.15mn in the preceding week.
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.