Elixir Securities - Pakistan Equity Market: Weekly Review - Best Performance in 53 Weeks

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Elixir Securities

Elixir Research

EUR 4.29 For Business Accounts Only

Pakistan Equity Market: Weekly Review - Best Performance in 53 Weeks

Pakistan Equities (KSE100) rose by 5.53%WoW (2,126 pts) to close at 40,556 – driven by the USD6bn package announced by Saudi Arabia, expectations of support from other countries (UAE, China, Malaysia), aggressive buying by Mutual Funds and lower international oil prices. Average daily volume/value traded also improved by 51% and 54%WoW to 301mn shares and USD75.4mn, respectively.
The rout in global markets could not weaken the sentiments at the local bourse. By the time of writing this report, Dow Jones Industrial Average (DJIA) has fallen 5.3% MTD with Europe (Euro Stoxx 50 -8.8%) and Asia (MSCI Asia Pac -11.4%) following suit – with bulk of these declines recorded during the outgoing week. Global investors remain concerned about higher interest rates, trade wars and weak corporate earnings (especially in tech stocks).
Coming back to domestic markets, Prime Minister’s visit to Saudi Arabia concluded in an economic package of USD6bn for Pakistan (USD3bn as one year cash deposit and USD3bn of rolling over deferred oil payment facility).

26/10/2018 11 EN

Provider

Elixir Securities

Elixir Securities Pakistan is a Corporate Member of the Pakistan Stock Exchange & Pakistan Mercantile Exchange and is one of the leading securities brokerage & investment banking firms in Pakistan, established since 1994. Our principal business activities include all aspects of Pakistan’s Capital Markets covering Securities Brokerage (Equities, Fixed Income and Commodities), Corporate Finance & Capital Markets Advisory (M&A, ECM, DCM) and Investment Research (Economics & Securities). We are one of the most active & aggressive Broker-Dealers in Pakistan executing trades for most of the Top 20 Global Brokers with unmatched corporate access credentials and have successfully advised and closed on some landmark ECM transactions in the history of Pakistan including the largest deal in frontier Asia (USD 1.02 billion). Our Clients include foreign and domestic financial institutions (Banks, Asset Managers, Insurance Companies, Pension Funds) corporates, HNWI’s and retail investors. This is supported by a very strong and independent research capability, which is quoted regularly in both local and international media.

Elixir Securities Pakistan is the proud recipient of many awards & recognitions including AsiaMoney’s Brokers Poll 2017, FinanceAsia’s Pakistan Best Investment Bank and Best Broker 2017, The Asset’s Best Brokerage House in Pakistan 2016, Asiamoney’s “Best Domestic Equity House 2015 in Pakistan”, The Asset Triple A Country Awards 2015 - Pakistan “Deal of the Year” and “Deal of the Year-Highly Commended”, CFA Society of Pakistan Awards for Year 2015 “Best Research Analyst (1^st Rank), CFA Society of Pakistan Awards for Year 2014 “Best Research Analyst (1^st Rank)”, “Best Trader” 2nd Runner-up (3rd Rank), The Asset Triple A Country Awards 2014’s “Best Deal in Pakistan” and Capital Finance International’s nomination for “Best Equity Research in Pakistan 2010”.

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Analysts

Elixir Research

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Pakistan Equity Market: Weekly Review - Best Performance in 53 Weeks

Open End Mutual Funds Industry - Ad Oculos

Pakistan Equity Market: Weekly Review - Index Closes Above 41k Mark on Foreign Buying

Elixir Grid - KSE100: Make or Break?

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