Stock Market Weekly Overview; KSE smoothly sailing into unexplored waters – KASB Research
By: KASB Securities Limited,
It was a remunerative week for KSE-100 as corporate results were in full flow and a choppy political arena along with deteriorating law and order failed to dent the up swing. Pak-IMF talks over a possible US$5bn package under the Extended Finance Facility (EFF) which could be tapped by the new govt, was a key highlight.
Backed by support of foreign investors (FPI inflow of US$5.9mn) and healthy volumes, KSE-100 managed to venture further into uncharted territory clocking gains of 1.5% WoW.
TRG Pakistan, Pakistan Tobacco Company, Murree Brewery, Shifa Int Hospitals Ltd and Kohinoor Energy were the major gainers while Javedan Corporation, Ghani Glass, Pak Services, Pakistan Reinsurance and Bank of Khyber major losers in the benchmark KSE-100 this week.
News This Week
NIT paid off PRs12bn loan taken for NIT-SEF
Engro Fertilizer posted PAT of PRs646mn for 1Q13
New govt could take up US$5bn Extended Fund Facility from IMF
Engro Fertilizer to get listed in the stock exchange in 2013
Banking spreads increased 6bps MoM to 6.24%