Ismail Iqbal Securities - Most Local Commodity Prices Rise as PKR Depreciates

Report

Ismail Iqbal Securities

Ajay Kumar

EUR 9.32 For Business Accounts Only

Most Local Commodity Prices Rise as PKR Depreciates

During the outgoing week, Local CRC manufacturers raised their
prices by PKR 2,000/MT to 101,500/MT in order to pass on the
impact of recent PKR devaluation. Please note that price of Chinese
CRC declined by USD 5/MT during the outgoing week.
However, CRC-HRC spread remained unchanged at USD 40/MT,
due to equal decline of USD 5/MT in Chinese HRC price.

15/10/2018 4 EN

Provider

Ismail Iqbal Securities

Ismail Iqbal Securities (Private) Limited (IISPL) is a TREC holder of the Pakistan Stock Exchange, as well as an SECP registered Underwriter and Book Runner. IISPL provides comprehensive financial services including Equity Sales, Research on Equities and the Macro-Economy, Investment Advisory, Portfolio Management, Corporate Finance, and extensive services for Private Equity investors. IISPL services a diversified client base, from Institutional to Retail Investors including High Net worth Individuals.

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Analysts

Ajay Kumar

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PSMC outperforms during March with sales up +23% YoY

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Most Local Commodity Prices Rise as PKR Depreciates

Â Oil prices up owing to production outages in the U.S Gulf of Mexico

Oil prices closed marginally up during the out going week

PSMC outperforms during March with sales up +23% YoY

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