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KSE – 100 Index loses 591 points during the outgoing week; international oil prices tumble

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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. 

 


Liquid Foreign Reserves – Weekly

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.

 

Summary of Oil Prices

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]

Posted on: 2017-11-19T18:29:00+05:00