Weekly Market Roundup

October 27, 2019 (MLN): The KSE-100 index lost around 213 points over the week and concluded at 33,657-mark, i.e. down by 0.63%, as compared to previous week’s closing of 33,870 points.

Commercial Banks, Cement, Power Generation & Distribution sector emerged as the top losers during the week, as they collectively snatched 288 points from the index. Company-wise, the scrips of LUCK, BAHL, HUBC, PSEL and HBL endured the maximum losses.

Meanwhile, the KSE All Share Market Cap rose by Rs. 346.5 million or 0.01% over the week, being recorded at Rs. 6.6396 trillion compared to a Market Cap of Rs.6.6392 trillion recorded last week.

This week, the local investors sold securities worth of Rs. 41.9 billion, amongst which, Individual investors emerged as the largest net sellers as they sold securities worth Rs.487.5 million. On the flip side, local investors bought securities worth 41.48 billion. This resulted in an overall net selling of Rs. 432.9 million over the week.

Forex Summary:

Pak Rupee continued to appreciate against the Dollar for the third straight week and in the week leading up, it gained another 2 paisa as compared to last Friday.

During the week, the Dollar remained relatively stable in the interbank, touching a high (bid) of 156.01 and a low (ask) of 155.79.

Fixed Income Summary:

PIB & T-Bill yields displayed a mixed pattern as the margin on shorter-term government securities declined following a reduction in the MTB month cutoff yields. However, longer-term yields increased slightly.

In the auction held on Wednesday, Cut off yield for 3, 6 and 12 months were 13.2981, 13.2999 and 12.79 per cent, which showed a reduction of 39, 26 and 68 basis points.

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