KSE-100 Index gained 1.63%WoW – AKD Research
By: AKD Securities Limited
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The KSE-100 Index gained 1.63%WoW to close at 19,227 points with average daily traded volume declining by 10.94%WoW to 168.36mn shares. Key news flows this week included i) CPI for Apr’13 clocking in at 5.8%YoY compared to a rise of 6.6%YoY in Mar’13, ii) PPL giving up on its plan to acquire assets of Tullow Oil, iii) OGRA’s notification for the decrease in POL prices, iv) shut down of HUBC’s Narowal plant due to fuel shortage, v) PBS’ approval of change in National Accounts base from 1999-2000 to 2005-2006 leading to a 7.8% increase in the size of economy, and vi) IMF’s offer of Extended Fund Facility worth US$5bn. Within the AKD Universe, top gainers during the week were PSMC (+10.5%WoW), AKBL (8.7%WoW), PPL (6.0%WoW), DAWH (5.4%WoW) and MCB (4.8%WoW on a better than expected 1QCY13 result). Top losers during the week were led by NBP (-6.1%WoW on below expectations 1QCY13 result), PTC (-5.1%WoW driven by the penalty imposed by CCP on LDI operators), ENGRO (-3.2%WoW), NCL (-3.1%WoW) and SNGP (-2.3%WoW). Volumes were led by FCCL (79.6mn shares), TRG (71.3mn shares), WTCL (32.5mn shares), MLCF (27.1mn shares) and PTC (26.9mn shares).