Elixir Securities - Pakistan Equity Market: Weekly Review - Low Steam January Effect

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Elixir Securities

Elixir Research

EUR 4.27 For Business Accounts Only

Pakistan Equity Market: Weekly Review - Low Steam January Effect

KSE100 Index rose by just 1%WoW (380 pts) to close at 37,548 as the January Effect remained low steamed likely due to economic uncertainty and lack of triggers. As such, market activity continued to remain dull with minor increase in Average daily traded value/volumes by 7%/14%WoW to USD41mn/118mn.
Index was mainly driven by Commercial Banks as it returned 1.8%WoW contributing 244pts (66%) on renewed buying interest.
Oil and Gas Exploration sector returned 2.3%WoW led by 10%WoW rally in Brent to USD57/bbl. Recovery in oil prices was attributable to 0.46mn bpd lower oil production by Organization of Oil Exporting Countries (OPEC) during Dec-18 an early start towards 1.2mnbpd cut to be enforced by OPEC+ from Jan-19. Individually, Oil and Gas Development Company (OGDC), Pakistan Petroleum (PPL), Mari Petroleum (MARI) and Pakistan Oilfields (POL) returned 1.9%, 1.6%, 4.3% and 3.6% WoW, respectively.

04/01/2019 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 - Low Steam January Effect

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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