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Foreign investors sell securities worth Rs 31.3 billion via...

January 25, 2021 (MLN): The gross sale of securities during the week ended January 15, 2021 was recorded at Rs.31.3 billion, which is around 88.1 percent higher than the figures recorded last week.

On the other hand, the total purchase of securities stood at Rs.29 billion, which is 36.1 percent higher than the prior week.

Consequently, the net sale of securities for the week clocked in at Rs.2.28 billion, whereas last week, the accounts observed a net purchase of Rs.4.69 billion.

According to a weekly report on Specially Convertible Rupee Accounts (SCRA) released by the State Bank of Pakistan, over the week, the overall purchase of securities rose by Rs.7.68 billion while the net sale of securities increased by Rs.14.65 billion.

Apart from this, the inflow of remittance into these accounts stood at Rs.6.25 billion, while its outflow has been reported at Rs.6.7 billion.

The closing balance of SCRA was recorded at Rs.32.3 billion, which marks a rise of Rs.2.49 billion over the week.

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China remains Pakistan’s top source of imports during 1HFY21

January 25, 2020 (MLN): Among Pakistan’s top trading partners, China remained the top source of imports for Pakistan during July-Dec FY21, followed by United Arab Emirates (UAE), Singapore, and Saudi Arabia.

According to the latest figures released by the State Bank of Pakistan (SBP), the total imports from China during the period under review were increased by 17% YoY to $5.7 billion, as compared to $4.87 billion recorded in the corresponding period of last year.

This was followed by UAE, as Pakistan imported goods worth $3.3 billion from the Emirates as compared to the imports of $3.64 billion recorded during Jul-Dec FY20, depicting a decline of 9% YoY.

Singapore was the third in the list as Pakistan imported products worth $1.34 billion from the country. This figure was up by 24% from the imports of $1 billion in the same period last year.

Saudi Arabia was the fourth in line as imports came from the region during the aforementioned period was $1 billion, depicting a significant increase of 39% YoY.

Among other countries, Pakistan’s imports from the USA stood at $993.58 million, marking a meager rise of 2% YoY, while imports from South Korea were increased by 68% YoY to $578.3 million.

The imports from Malaysia stood at $564.8 million, up by 20% YoY.

In the month of December alone, the total imports from China jumped by 40% YoY and 26% MoM to $1.192 billion. Similarly, imports from UAE surged to $614.47 million, up by 7% YoY and 17% MoM.

Moreover, total imports from Singapore depicted a significant jump of 77% YoY and an increase of 5% MoM to $289.27 million.

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PSX Closing Bell: A Clearer Picture

January 25, 2021 (MLN): The KSE-100 index ended the trading session on Monday with a 219.60 point or 0.48 percent gain to close at 46,087.64.

The Index remained positive throughout the session touching an intraday high of 46,189.43. This can be accredited to the after-effects of the MPC meeting that was held on Friday, wherein the State Bank maintained the policy rate at 7%.  Expectations of improvement in the financial performance for the quarter ended December 31, 2020 further boosted investors’ sentiments.

TRG continued to reign over the trading floors, as it added the highest points to the benchmark index. This was followed by HUBC, whose stocks were lifted after the company announced an agreement between its wholly owned subsidiary, Narowal Energy Limited and Central Power Purchasing Agency (Guarantee) Limited (Power Purchaser) to share future O&M savings and heat rate efficiency in the larger national interest and sectoral sustainability.

Some of the major events for today that had an impact on the performance of benchmark index include drop in oil prices for a second straight session as renewed COVID-19 lockdowns raised fresh concerns about global fuel demand. As a result, the E&P sector emerged as the worst performing sector for today.

Of the 97 traded companies in the KSE100 Index 54 closed up 39 closed down, while 4 remained unchanged. Total volume traded for the index was 258.30 million shares.

Sectors propping up the index were Technology & Communication with 96 points, Cement with 49 points, Pharmaceuticals with 45 points, Fertilizer with 38 points and Power Generation & Distribution with 22 points.

The most points added to the index was by TRG which contributed 85 points followed by HUBC with 20 points, ANL with 17 points, UNITY with 17 points and FFC with 17 points.

Sector wise, the index was let down by Oil & Gas Exploration Companies with 31 points, Commercial Banks with 24 points, Inv. Banks / Inv. Cos. / Securities Cos. with 16 points, Food & Personal Care Products with 10 points and Insurance with 7 points.

The most points taken off the index was by HBL which stripped the index of 24 points followed by DAWH with 17 points, OGDC with 15 points, UBL with 13 points and MEBL with 12 points.

All Share Volume increased by 39.43 Million to 470.06 Million Shares. Market Cap increased by Rs.28.61 Billion.

Total companies traded were 414 compared to 391 from the previous session. Of the scrips traded 226 closed up, 166 closed down while 22 remained unchanged.

Total trades increased by 29,784 to 156,071.

Value Traded increased by 5.22 Billion to Rs.21.05 Billion

CompanyVolume

Top Ten by Volume

K-Electric36,610,000
Unity Foods36,256,262
TRG Pakistan29,800,000
Azgard Nine25,097,500
Fauji Foods18,668,000
Fauji Fertilizer Bin Qasim18,296,000
Jahangir Siddiqui & Co. Ltd.15,905,000
Aisha Steel Mills15,502,000
Worldcall Telecom13,600,000
Avanceon12,037,500

 

SectorVolume

Top Sector by Volume

Technology & Communication76,856,400
Power Generation & Distribution53,195,978
Vanaspati & Allied Industries36,256,262
Engineering34,279,037
Commercial Banks33,851,766
Textile Composite31,857,700
Cement30,469,855
Food & Personal Care Products27,512,920
Inv. Banks / Inv. Cos. / Securities Cos.26,238,201
Fertilizer21,896,125

 

 

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SECP’s eServices integrated with Pakistan MNP Database

January 25, 2021: To further improve the security of electronic filings and the company registration process, the Securities and Exchange Commission of Pakistan (SECP) has integrated its eServices with Pakistan Mobile Number Portability (MNP) Database (Guarantee) Limited to verify the cell number of applicants against their CNICs.

The verification of the cell phone number of directors and sponsors of a company will also eliminate the chances of misuse of CNIC or cell number of any individual for fraudulent purposes. Verification of CNICs with NADRA databases is already in practice. The whole verification process is fully electronic and instant.  It is an important development in the context of challenges posed by AML and CFT also.

The SECP has provided the facility of online submissions of returns since 2008. Since then it has been continuously working on the improvement of its online portal “eServices” in order to ensure secure and efficient service delivery to the entrepreneurs and the corporate sector.

Press Release

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