Analyst Research Report Snapshot

Title:

AKD STOCK SMART: Nov 02, 2012

Price:

$92.00

Provider:

AKD Securities Limited

Date:

02 Nov 2012

Pages:

9

Type:

AcrobatPDF

Companies referenced:

FAUC.KA AZNL.KA DGKH.KA

Available for Immediate Download
Summary:

Weekly Review The KSE-100 Index closed out the week at 16,101.5 points, up 1.83%WoW, closing above the 16,000 points level for the first time. In this regard, Friday’s session saw the market add about 0.85% with benign inflation data (CPI came in at 7.66% for Oct’12, the lowest in 3yrs) adding impetus to expectations of further monetary easing come the Dec’12 MPS (Discount Rate is at 10%). Activity at the KSE picked up this week with average daily turnover of 150mn shares, up 13%WoW with cement stocks in the limelight, while net foreign inflow for the outgoing week clocked in at US$12.6mn. Within our coverage cluster, top performing stocks during the week were POL (+6.0%WoW), NML (+5.4%WoW with improved outlook of spinning segment and kickoff of EU’s preferential trade package) and UBL (+5.1%WoW post an above-line 9MCY12 result). Stocks losing out this week included PSMC (-5.8%WoW with bearish sentiment continuing post poor 3QCY12 results), SNGP (-5.1%WoW) and ENGRO (-2.6%WoW due to lingering gas supply concerns). Top five volume leaders for the week were FCCL, MLCF, DGKC, ANL and PTC.

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