Stock Smart Weekly (May 28, 2021)
StockSmart Weekly Review Carrying the momentum from last week, the market started the week on an exuberant note on the back of strong economic growth data and the news related to populous budget proposals. The market remained in the green, gaining 1,211pts while KSE-100 closed the week at 47,126pts, up 2.64%WoW. The market witnessed a surge in trading volumes as highest intra-day volumes were witnessed on Thursday with an exchange of 2,220mn shares (up by 42%) over the previous day highest intra-day volume. Apart from this, the weekly trading volume also hit the all-time high of 6,187mn shares with average daily turnover soared to 1237.5mn shares (up 103%WoW) on the onset of improved macro-economic fundamentals and considerable decline in coivd-19 positivity rate which reinvigorated the market sentiment. Key news driving the market sentiment and high volumes: (i) expectations of GDP growth to exceed 3.94% in FY21, (ii) C/A surplus of US$773mn in July-April on account of upsurge in remittances and a healthy recovery in exports, (iii) growth in urea sales by 35% in 4MCY21, (iv) Tarin-led meeting discussed concessional power tariff for export oriented sector, (v) SBP’s reserves rising by US$88mn, and (vi) textile exports up by 230%YoY in April’21. Flow wise, Foreigners remained net buyers during the week (net buy of US$2.1mn) together with Broker Proprietary Trading (net buy of US$10.8mn) and other organization (net buy of US$7.9mn) which was mainly absorbed by Individuals (net sell of US$10.2mn) and Mutual Funds (net sell of US$7.4mn). Top volume gainers for the week were, i) WTL (2465.6mn), ii) HUMNL (370.04mn), and iii) SILK (244.16mn). Top performers for the week were, i) SYS (+11.2%WoW), ii) NML (+11.1%WoW), iii) PSX (+10.7%WoW), iv) UNITY (+9.2%WoW), and v) BAHL (+9.1%WoW) whereas laggards were, i) STJT (-11.7%WoW), ii) PAKT (-6.5%WoW), iii) AICL (-5%WoW), iv) EPCL (-4.2%WoW), and v) GHCL (-3.0%WoW). Outlook With the announcement of Monetary Policy Committee to maintain status quo, IMF review meeting scheduled to be held next month and positive news flows concerning FY22 budget, we expect the market to carry the same momentum in coming week. Inflation for May’21 is likely to clock in at 11.6%YoY compared to 11.1%YoY in the previous month. On a sequential basis, inflationary curve is likely to flatten with 0.8%MoM. We continue to advocate for stocks that fall on structural theme including Cements, Steel and Construction-allied, Power and select OMCs (PSO). AKD Research
Worldcall Telecom Limited is engaged in providing wireless local loop (WLL) and long distance international (LDI) services in Pakistan, and re-broadcasting international/national satellite/terrestrial wireless and cable television and radio signals, as well as interactive communication and to establish, maintain and operate the licensed telephony services. The Company's products/services include data, entertainment, voice and long distance international. The Company's data services include WorldCall Wireless Broadband and WorldCall Cable Broadband. The Company's entertainment services include WorldCall Digital television (TV), WorldCall Cable TV and WorldCall Video on Demand. The Company's voice service provides WorldCall Wireless Phone, which offers hassle-free wireless communication. The Company's LDI service provides voice and data solutions for national and international markets catering both to wholesale and retail segments.
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.