Pakistan Weekly January 12, 2018 REP‐057 Topline Market Review Gains erode as profit taking ensues KSE‐100 Index +1.0 % WoW; Weekly net FIPI US$26mn Topline Research Best Local Brokerage House
[email protected] Brokers Poll 2011-14, 2016-17 Tel: +9221‐35303330, Ext: 133 Topline Securities, Pakistan www.jamapunji.pk Best Local Brokerage House 2015-16 Index gains 1% in outgoing week as profit taking ensues Market Weekly Data KSE Volume & Value KSE‐100 Index 42,933.72 (Shares mn) Volume Value (US$mn) 330 150 1‐Week Change (%) 1.0% 260 Market Cap (Rs tn) 8.9 106 190 1‐Week Change (%) 0.2% 63 Market Cap (US$ bn) 80.6 120 1‐Week Change (%) 0.2% 50 20 18 18 18 18 18 ‐ ‐ 1‐Week Avg. Daily Vol (shares mn) 276.4 ‐ ‐ ‐ n n n n n aa aa aa aa aa J J J J J ‐ ‐ 1‐Week Avg. Daily Value (Rs bn) 12.2 ‐ ‐ ‐ 9 8 1‐Week Avg. Daily Value (US$ mn) 110.2 10 11 12 Source: PSX Source: PSX Outgoing week saw the culmination of the Santa Clause rally which commenced on December 20, 2017 and peaked on Jan 10, 2018 with a net gain of 14%. Since then index has had red two sessions correcting 2%/697pts, which has trimmed weekly gains to 1%/410pts with the index closing the week at 42,934pts level. Going forward, equities maybe further pressured as agitation movement by opposition parties begin on Jan 17 to protest against the Model Town. PtiitiParticipation idimproved siifitlignificantlyasprofitswerebkdbooked, average volumes idincreased 30% WWWoW whilevalue rose 44%.