Index buoyant on changing sentiment during the week

MG News | October 21, 2017 at 08:53 PM GMT+05:00

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Pakistan Stock Exchange – KSE100

KSE – 100 witnessed a significant recovery during the last week as it gained more than 2240 points in the week. Settling down of political turmoil, attractive stock values, PM’s announcement on a KSE – 100 Fund and positive earnings helped the market recover.

Pakistan Exchange is beginning to show signs of healthy recovery as it progresses upwards after a 3 month long hammering.

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The KSE-100 gained a total of 2240 points during the week, opening at 39846 points on Monday and subsequently closing on 42087 points on Friday.

NCCPL Data

By Investor

Banks/DFIs, Brokers, Companies and Insurance Cos were net buyers throughout the week whereas Foreign Corporates, Individuals and Mutual Funds offloaded their positions in the market.

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By Sector

Cement, Fertilizer, and Technology were the pick of investors during the week however Commercial Banks, Oil & Gas Exploration Cos., Oil & Gas Marketing Cos. and Textile composite couldn’t garner much interest.

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Weekly Reserves

Reserves Position
Foreign reserves held by	Oct 13, 2017	Oct 06, 2017	Change	% Change
State Bank of Pakistan	14,157.60	13,787.90	369.70	2.68%
Net Foreign Reserves Held by Banks	5,895.30	5,884.10	11.20	0.19%
Total Liquid Foreign Reserves	20,052.9	19,672.00	380.90	1.94%

During the week ending 13 October 2017, SBP’s reserves increased by US$ 370 million to US$ 14,158 million, due to official flows.

Weekly SPI

Weekly Sensitive Price Indicator up by 0.46% from last week (12-10-17). Whereas, year-on-year change was +2.21% during the year.

Sensitive Price Indicator
Index	Oct 19, 2017	Oct 12, 2017	% Change
SPI Combined	225.23	224.20	+0.46%

The weekly SPI is computed with base year of 2007-08=100 covers from 17 urban centers and 53 essential items for all income groups/quintiles. Of the items covered, average prices of 14 items registered an increase whereas average prices of the 9 items registered a decrease.

Weekly Oil Prices – WTI & BRENT

Oil seems to have found a relative bottom after the declines over the past few weeks, with WTI firming up at the $50-per-barrell level. Tensions in the middle-east combined with growing confidence on the likelihood of an CPEC extension, has very few analysts seeing a downside risk. Still, prices showed some weakness on Thursday and Friday, and benchmark prices are set to post a loss on the week.

Weekly WTI Prices
Benchmark	Oct 16, 2017	Oct 17, 2017	Oct 18, 2017	Oct 19, 2017	Oct 20, 2017
WTI	51.86	51.87	52.04	51.30	51.88
BRENT	57.56	57.54	57.80	56.98	57.58

WTI Month

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BRENT Last month

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Related News

Name	Price/Vol	%Chg/NChg
KSE100	161,872.32 497.19M	-0.04% -62.87
ALLSHR	98,145.31 1,154.22M	0.16% 155.67
KSE30	48,987.46 118.04M	-0.19% -95.68
KMI30	230,997.38 102.18M	-0.26% -593.19
KMIALLSHR	63,840.37 804.62M	0.17% 109.99
BKTi	44,399.27 30.42M	-0.25% -111.99
OGTi	31,195.73 13.42M	-0.11% -33.37

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	95,775.00	96,100.00 92,975.00	1410.00 1.49%
BRENT CRUDE	64.06	64.12 63.67	-0.33 -0.51%
RICHARDS BAY COAL MONTHLY	85.00	0.00 0.00	-0.25 -0.29%
ROTTERDAM COAL MONTHLY	96.45	0.00 0.00	0.30 0.31%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	59.75	59.84 59.32	-0.34 -0.57%
SUGAR #11 WORLD	14.65	14.94 14.65	-0.31 -2.07%