reports
- Usama Rauf
Pakistan Strategy - Mar'24 Market Review & Outlook (AKD Daily, Apr 01,...
AKD Daily Pakistan Strategy - Mar’24 Market Review & Outlook The KSE-100 index concluded the month with a modest increase of 2,427pts or 3.8%MoM, while market traded in band of 3,094pts on the closing basis. Overall the month remained eventful, highlighted by the new government taking office and smooth conclusion of second review of the IMF’s SBA. GDP growth for 2QFY24 was reported at 1.0%YoY, driven by a 5% annual growth in the agriculture sector but offset by a 0.8%YoY contraction in in...
- Kamal Ahmed
KSE-100_Closes above 67K (AKD Technical Daily 01-04-24)
AKD Daily Technical KSE-100_Closes above 67K Market View — Technical The index opened on a positive note and remained volatile throughout the last trading sessions. The local bourse posted a high of 166pts, a low of 137pts and concluded with a loss of 137pts to settle at 67,005pts. The volumes witnessed in the last trading session were lower than the previous trading session. Among the momentum oscillators, RSI is showing a reading at 66.16. The MACD is bullish since it is trading above its ...
- Team AKD Research
Stock Smart Weekly (Mar 29, 2024)
StockSmart Weekly Review Week remained bullish with the benchmark index breaking its previous closing highs and exceeding the 67k level. Overall, the first four trading days cumulatively added around 2k pts, with the index closing at 67,005pts (up 1,853pts/2.84% WoW) on Friday, following a slight profit-taking session noted on the last day of the week. Positivity loomed over the successful last review of IMF’s SBA, the new incumbent government's steps and commitment towards reforms. Furthermore,...
- Kamal Ahmed
KSE-100 - Faces a volatile trading session, (AKD Technical Daily 18-03...
Market View — Technical The index opened on a positive note and remained volatile throughout the last trading sessions. The local bourse posted a high of 289pts, a low of 305pts and concluded with a loss of 248pts to settle at 64,816pts. The volumes witnessed in the last trading session were lower than the previous trading session. Among the strength Indicators, RSI (Relative Strength Indicator) is currently trading 55.17 and seems to slide towards neutral level. The Index closed below trend li...
- Team AKD Research
- Kamal Ahmed
KSE-100_Likely to trade with a positive bias, (AKD Technical Daily 15-...
Market View — Technical The index opened on a positive note and remained bullish throughout the last trading sessions. The local bourse posted a high of 1,157pts and concluded with a gain of 1,016pts to settle at 65,064pts. The volumes witnessed in the last trading session were slightly higher than the previous trading session. Among the strength Indicators, RSI (Relative Strength Indicator) is currently trading 57.03. A sharp recovery witnessed in the last trading session and the Index once a...
- Team AKD Research
Pakistan Oil & Gas - E&P Production Oil/Gas production down 0.4%2.5%Yo...
Pakistan Oil & Gas - E&P Production Oil/Gas production down 0.4%/2.5%YoY in Jan’24 As per latest figures from PPIS for Jan’24, crude oil production stood at 71.7k BPD, depicting a decrease of 0.4%/0.4% on a MoM/YoY basis. Country's oil production remained stable, clocking in at 71.17kbpd during 7MFY24 (up 2.4% vs. 69.5kbpd during FY23). Sustained levels were aided majorly by inclusions of Mamikhel South (+2.4k BPD) in the Tal block, discovery of three Takhat wells in outgoing 12 months (+0...
- Kamal Ahmed
KSE-100_Approaching towards 50-SMA, (AKD Technical Daily 14-03-24)
Market View — Technical The index opened on a positive note and remained bearish throughout the last trading sessions. The local bourse posted a high of 242pts, a low of 945pts and concluded with a loss of 753pts to settle at 64,048pts. The volumes witnessed in the last trading session were slightly lower than the previous trading session. Among the strength Indicators, RSI (Relative Strength Indicator) is currently trading 50.72. The Index continued to decline and seems to slide towards 50-SMA...
- Usama Rauf
Pakistan Auto - Feb’24 Auto sales New year rhythm fades - however up 3...
Pakistan Auto - Feb’24 Auto sales New year rhythm fades - however up 33%YoY New Year's impact continues into the second month of the year, with total industry sales reaching 13.4k units (↓8%MoM/↑33%YoY). PSMC has shown the highest increase with sales of 4.9k units, up by 5.0xYoY, on the back of a low base where the company's production was significantly affected in SPLY. Likewise, INDU sales totaled 2.04k units (↓26%MoM/↑13%YoY). HCAR sales volume clocked in at 1.5k units, up by 13%MoM ...
- Kamal Ahmed
KSE-100-A big bearish candle occured, (AKD Technical Daily 13-03-24)
Market View — Technical The index opened on a positive note and remained bearish throughout the last trading sessions. The local bourse posted a high of 104pts, a low of 1,091pts and concluded with a loss of 954pts to settle at 64,802pts. The volumes witnessed in the last trading session were lower than the previous trading session. Among the strength Indicators, RSI (Relative Strength Indicator) is currently trading 56.24. A big bearish candle occurred in the last trading session. During the pa...
- Kamal Ahmed
KSE-100_Faces a volatile trading session (AKD Technical Daily 12-03-24...
Market View — Technical The index opened on a positive note and remained volatile throughout the last trading sessions. The local bourse posted a high of 326pts, a low of 95pts and concluded with a loss of 38pts to settle at 65,755pts. The volumes witnessed in the last trading session were slightly higher than the previous trading session. Among the strength Indicators, RSI (Relative Strength Indicator) is currently trading 65.01. The MACD is bullish since it is trading above its signal line. Th...
- Kamal Ahmed
KSE-100_Closes with a positive bias (AKD Technical Daily 11-03-24)
Market View — Technical The index opened on a positive note and remained bullish throughout the last trading sessions. The local bourse posted a high of 464pts and concluded with a gain of 191pts to settle at 65,794pts. The volumes witnessed in the last trading session were higher than the previous trading session. The Index is currently 24.3% above its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 trading session...
- Team AKD Research
Stock Smart Weekly (Mar 08,2024)
Week started on a positive note, with the index gaining 1% on the opening day. However, as the week progressed, profit-taking activities ensued, tempering some of the initial gains. Nonetheless, by the week's end, KSE100 index managed to maintain an upward momentum, closing with a gain of 468pts/0.7%WoW at 65,326pts by Friday. With new Prime Minister taking office and issuing immediate directives focusing on engaging with the IMF and addressing privatization matters set an initial positive impet...
- Usama Rauf
INDU_1HFY24 Analyst Briefing takeaways ,(AKD Off the Analyst's Desk Ma...
Indus Motor Company Limited (INDU) held its analyst briefing earlier today to discuss their 1HFY24 financial results and apprise investors about their future outlook. Here are the key highlights from the call: To recall, company posted a PAT of PkR5.0bn (PkR63.1/sh) in 1HFY24 compared to PkR2.6bn (PkR33.4/sh) in SPLY. This surge in profitability is attributable to enhanced gross margins, where 1HFY23’s gross margins remained negative due to unpassed cost impacts. As per management, the 61% ann...
- Usama Rauf
The Concrete Connection, (AKD Cement Quarterly Report, Mar 08' 2024)
The Concrete Connection Cement offtakes witnessed a decline of 5%MoM and 19%YoY, respectively, in the month of Feb’24, totaling 3.26mn tons. The monthly decline is attributed to February being a shorter month; however, on a daily dispatch basis, domestic dispatches rose by 3%MoM. The annual decline in dispatches is mainly due to a slowdown in construction activity amid election activities during the month. On the exports front, North exports increased by 95%MoM due to an overall low base in ...
- Kamal Ahmed
KSE-100_Faces a volatile trading session (AKD Technical Daily 08-03-24...
Market View — Technical The index opened on a positive note and remained volatile throughout the last trading sessions. The local bourse posted a high of 218pts, a low of 469pts and concluded with a loss of 54pts to settle at 65,603pts. The volumes witnessed in the last trading session were marginally lower than the previous trading session. The Index closed below the upper band by 15.7%. Bollinger Bands are 47.96% wider than normal. The large width of the bands suggest high volatility as co...
- Team AKD Research
HBL - CY23 Analyst Briefing takeaways, (AKD Off the Analyst's Desk Mar...
Habib Bank Ltd (HBL) held its analyst briefing earlier today, during which the management discussed the following: Regarding business segments, bank’s international business reported a PBT of US$21.4mn, while the group’s PBT on a consolidated basis amounted to PkR113.6bn (up 47%YoY) during CY23. Bank’s fee income experienced a growth of 35%YoY, primarily driven by the card segment, which grew by 50%YoY during the year. The company's domestic expenses surged by 31%, partly attributed to the ...
- Kamal Ahmed
KSE-100_Consolidation likely (AKD Technical Daily 07-03-24)
Market View — Technical The index opened on a positive note and remained volatile throughout the last trading sessions. The local bourse posted a high of 425pts, a low of 122pts and concluded with a loss of 69pts to settle at 65,657pts. The volumes witnessed in the last trading session were marginally higher than the previous trading session. The Index is currently 24.6% above its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over...
- Team AKD Research
PSO_RLNG Conundrum Tamed; Geared Up for the Macro Upswing ,(AKD Daily,...
PSO: RLNG Conundrum Tamed; Geared Up for the Macro Upswing Company’s receivable collection ratio for the RLNG segment has markedly improved over the past twelve months, averaging at 95% during CY23 (vs. 78% in CY22). Specifically, cost of diverting RLNG amounting to PkR232bn has been incorporated into the tariff calculation for indigenous gas customers for the first time. The adjustment was for the sale of ~161MMCFD of RLNG towards system gas users for the full year. With a more pronounced ...
- Kamal Ahmed
KSE-100_Profit taking witnessed (AKD Technical Daily 06-03-24)
Market View — Technical The index opened on a positive note and remained volatile throughout the last trading sessions. The local bourse posted a high of 183pts, a low of 451pts and concluded with a loss of 226pts to settle at 65,726pts. The volumes witnessed in the last trading session were lower than the previous trading session. The Index closed above major trend line. The MACD is bullish since it is trading above its signal line. The MACD crossed above its signal line 7 trading sessions ago....
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