Elixir Securities - Pakistan Equity Market: Weekly Review - Index Down 1.9%WoW on Deadlock in IMF Negotiations

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Elixir Securities

Elixir Research

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Pakistan Equity Market: Weekly Review - Index Down 1.9%WoW on Deadlock in IMF Negotiations

KSE100 Index closed down 1.9%WoW (791pts) at 40,869 mainly led by rout in E&Ps owing to sliding international oil prices and delays in finalization of IMF Bailout Package.
Market activity remained dull during the week with average daily traded value and volumes declining by 23%/26%WoW to USD56mn/157mn.
IMF talks stalled owing to disagreements over the terms of bailout package. The government has extended talks with the IMF and expect final deal to be reached by mid of Jan-19. Finance Minister Asad Umar said that the government will not sign the agreement with IMF under pressure and was not in a hurry for the package as alternative arrangements have been made to address immediate economic needs.

23/11/2018 11 EN

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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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Pakistan Equity Market: Weekly Review - Index Down 1.9%WoW on Deadlock in IMF Negotiations

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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