Elixir Securities - Pakistan Equity Market: Weekly Review - PSX Rallies as Fears of a Hung Parliament Subside

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Elixir Securities

Elixir Research

EUR 4.31 For Business Accounts Only

Pakistan Equity Market: Weekly Review - PSX Rallies as Fears of a Hung Parliament Subside

Pakistan Equity Market took-off as fears of hung parliament subsided post a decisive Pakistan Tehreek-e-Insaf (PTI) victory in the Elections. During the week KSE100 Index rose by 3.8% (1,565pts) to close at 42,786. Index was mainly driven by heavyweight sectors i.e. Commercial Banks (359pts), Cements (287pts) and Fertilizers (208pts).
Market activity also continued to improve with average daily traded value/volume going up by 5.8%/7.0%WoW to USD70.4mn/235mn shares.
Pharmaceuticals returned 6.2%WoW, Cement sector posted a 9.4%WoW return while Oil Marketing Companies (OMCs) returned 6.6%WoW. Key contributors to the above sectors’ performance were The Searle Company (SEARL, +6.3%), Lucky Cement (LUCK, + 8.4%), DG Khan Cement (DGKC, +11.9%) and Pakistan State Oil (PSO, +6.8%)

27/07/2018 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 - PSX Rallies as Fears of a Hung Parliament Subside

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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