Index buoyant on changing sentiment during the week

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.

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.

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.

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

BRENT Last month

Posted on: 2017-10-21T20:53:00+05:00