Elixir Securities - Pakistan Equity Market: Weekly Review - Foreign Selling Continues to Haunt the Index

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Elixir Securities

Elixir Research

Pakistan Equity Market: Weekly Review - Foreign Selling Continues to Haunt the Index

Anxiety over political and economic climate continued into this week, as KSE100 Index declined 2.1%WoW (942pts) to close at 43,595pts. Deterioration in ties with the US also added to market vows as Pakistan announced a tit-for-tat move, imposing reciprocal travel restrictions on American diplomats in the country.
Trading Activity remained relatively flat during the week where average daily traded shares/value rose by 1%WoW/3%WoW to 167mn/USD56.7mn.
Amongst key listed sectors, Oil & Gas Exploration stood out as it returned 1.5%WoW on higher crude oil prices. WTI/Brent rallied 2.4%WoW/3.4%WoW as US President Donald Trump announced to withdraw from the Iran Nuclear Deal and enforce new sanctions on the country, leading to concerns that the global oil supply could be squeezed.

11/05/2018 10 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 - Foreign Selling Continues to Haunt the Index

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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