Weekly Market Roundup

October 6, 2019 (MLN): The KSE-100 index gained around 962 points over the week and concluded at 33,033-mark, i.e. up by 3.00%, as compared to previous week’s closing of 32,070 points.

The performance of benchmark index, for the larger part of the week, was driven by cement sector owing to rise in the prices of cement.

Commercial Banks and Cement Sector emerged as the top performers during the week, as they collectively contributed 420 points to the index. Company wise, the scrips of HBL, HUBC, ENGRO, DGKC and NBP captured the maximum gains.

Meanwhile, the KSE All Share Market Cap rose by Rs. 144.5 billion or 2.26% over the week, being recorded at Rs. 6.55 trillion compared to a Market Cap of Rs.6.40 trillion recorded last week.

This week, the local investors bought securities worth of Rs. 43.1 billion, amongst which, Individual investors emerged as the largest net buyers as they bought securities worth Rs. 27.5 billion. On the flip side, local investors sold securities worth 42.4 billion. This resulted in an overall net buying of Rs. 740.9 million over the week.

Forex Roundup

The Rupee Depreciated by 36 paisa during the week, closing at 156.53 compared to 156.17 from previous Friday.

While the rupee remained stable during the middle of the week, its performance was bookended by loses on the first and last sessions, with the PKR declining by 19 and 17 paisa respectively.

During the week, the dollar was quoted at High (bid) of 156.65 and a Low (ask) of 156.25.

Bond Yields

Yields for PIB’s continued to decline, for all tenors greater than one year, with the 3 Year PIB declining by 13 basis points, 5 Year by 23 basis points and 10 year by 16 basis points while yields for the shorter-term T-Bills remained relatively unchanged.

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