Pakistan Stock Exchange – KSE100
KSE – 100 performance was abysmal during the week closing negative during the first three days only to gain on Thursday and Friday and that too by a total of 181.61 points.
[Exhibit: 1 – KSE100 Performance last week]
The KSE-100 during the week lost a total of 591.3 points during the week, closing at 41435.70 points on last Friday (10th November, 2017) and closing on 40844.40 points on Friday (17th November, 2017); a 1.42% decrease.
Foreign/Local Investment – NCCPL
By Investor
Mutual Funds were the only net buyers during the week whereas other investors including Companies, Insurance Companies, Banks/DFIs, Overseas Pakistanis, and Foreign Corporates offloaded their position in the index by varying amounts.
[Exhibit: 2 – Total Investments by Investor Type]
By Sector
Cement and Commercial Banks sectors fared well during the outoging week whereas Fertilizer, Oil & Gas Marketing Companies, Food and Personal Care Products, Power Generation & Distribution, Commercial Banks, and Technology & Communication sectors couldn’t garner much interest.
[Exhibit: 3 – Total Investments by Sector]
Weekly – Sensitivity Price Index
Weekly Sensitive Price Indicator decreased by 0.88% from last week (9-11-17).
Sensitive Price Indicator |
|||
---|---|---|---|
Index |
Nov 17, 2017 |
Nov 09, 2017 |
% Change |
SPI Combined |
225.81 |
227.81 |
-0.88 |
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 53 items monitored 20 registered an increase, 9 decreased while 24 remained unchanged. Of the items increased, Chicken Farm, Broiler, Live prices increased by 3.88%. On the other hand to the relief of general populace prices of tomatoes -20.30% and onions -16.05% reported substantial decrease.
Reserves Position |
||||
---|---|---|---|---|
Foreign reserves held by |
10 Nov, 2017 |
3 Nov, 2017 |
Change |
% Change |
State Bank of Pakistan |
13,677.60 |
13,861.20 |
-183.60 |
-1.32% |
Net Foreign Reserves Held by Banks |
6,017.40 |
6,050.90 |
-33.50 |
-0.55% |
Total Liquid Foreign Reserves |
19,695.00 |
19,912.10 |
-217.10 |
-1.09% |
During the week ending 10 November 2017, SBP’s reserves decreased by US $ 183 million to US $ 13,678 million. Bank Forex Reserves for the period decreased by 33.50 million to $ 6.017 billion.
Oil Prices
Crude prices for both benchmarks posted steep losses in the wake of incredibly bearish assessment regarding demand from the IEA. The losses continued on Wednesday and Thursday after the EIA reported a surprise uptick in crude inventories.
While the trend for WTI Crude is up, the IEA report has put cold water on the price rally. Analysts expect that owing to the IEA’s bearish sentiment, the prices for oil may fall during the coming days as bullish investors turn bearish in their strategy.
Weekly WTI – BRENT Prices |
|||||
---|---|---|---|---|---|
Benchmark |
Nov 13, 2017 |
Nov 14, 2017 |
Nov 15, 2017 |
Nov 16, 2017 |
Nov 17, 2017 |
WTI |
56.78 |
55.69 |
55.29 |
55.13 |
56.57 |
BRENT |
63.10 |
62.06 |
61.76 |
61.29 |
62.55 |
[Exhibit: 4 – West Texas Intermediate prices last week]
[Exhibit: 5 – BRENT prices last week]