Daily Market Insights

Total Page：16

File Type：pdf, Size：1020Kb

DAILY MARKET INSIGHTS 4-Aug-2021 Change Index points KMI 30 INDEX PERFORMANCE OVERVIEW PKR % Change Closing KMI 30 Index (25) 77,436 Contributing shares Closing Price - Rs. Meezan Bank Limited 2.25 1.74 63.64 131.84 Sui Northern Gas Pipelines Limited 2.54 5.04 57.97 52.96 Pakistan Oilfields Limited 5.31 1.38 55.12 391.33 KMI 30 INDEX VOLUMES Today 53 5 days average 54 52 14 days average Millions Source: https://formerdps.psx.com.pk/ & Calculations of Kifayah Investment Management Limited Top most buyer Top most seller PORTFOLIO INVESTMENT SUMMARY Individuals Mutual Funds Amount (Net) 138,838,579 (326,764,512) Buying / Selling sector wise composition All other Sectors 26.69% 26.43% Debt Market 13.53% 9.55% Technology and Communication 13.38% 11.47% Oil and Gas Exploration Companies 2.95% 12.93% Source: https://www.nccpl.com.pk/en/market-information/fipi-lipi/fipi-normal-daily FOREIGN PORTFOLIO INVESTMENT TREND Today 120 (24) 5 days average (240) 14 days average Millions Source: https://www.nccpl.com.pk/en/market-information/fipi-lipi/fipi-normal-daily & Calculations of Kifayah Investment Management Limited MATERIAL INFORMATION Disclosure of Interest by a Substantial Shareholder, bought 63,000 shares at the Packages Limited average price of Rs. 525.0 each on 3 Aug 2021. Disclosure of Interest by a Substantial Shareholder, bought 37,500 shares at the Shams Textile Mills Limited average price of Rs. 72.14 each on 3 Aug 2021. Source: https://dps.psx.com.pk/announcements/companies CONSOLIDATED (where applicable) RESULTS and EPS (Qtr.) EPS DPS Growth over same Quarter ANNOUNCEMENTS Rs. Rs. Rs. EPS Gross Revenue Source: https://dps.psx.com.pk/announcements/companies UPCOMING BOOK CLOSURES DPS % Ex-Dividend Date Source: https://dps.psx.com.pk/Downloads/quote_202129jul.pdf EXCHANGE RATE Change Closing PKR / USD 0.26% 163.47 Source: https://www.sbp.org.pk/ecodata/rates/m2m/2021/Aug/04-Aug-21.pdf KIFAYAH INVESTMENT MANAGEMENT LIMITED Office No. 402, 4th Floor, Plot No. 6-C, [email protected] 021-38922660 Khayaban-e-Rizwan, Phase VII, DHA Karachi www.kifayah.com.

Copy Link

Recommended publications

January 2021 � � �� - ٓ�� * � �� 40
NBP FUNDS Managing Your Savings Islamic Savings Fund Manager Report of Shari’ah Compliant Schemes January 2021 � � �� - ٓ�� * � �� 40 � � �� ، �� GOOD OPPORTUNITY FOR SALARIED PERSON AM1 NBP Fund Management Limited Rated by PACRA Note: Detailed monthly reports of NBP Funds are also available on our website www.nbpfunds.com Smart & Easy Savings! Contact our Investment Consultant for free investment advice *Subject to conditions as per section 62 and 63 of the Income Tax Ordinance, 2001. Disclaimer: All investments in mutual funds are subject to market risk. Past performance is not necessarily indicative of future results. Please read the Offering Documents to understand the investment policies and the risks involved. NBP FUNDS Table of Contents Managing Your Savings Islamic Savings 01 CEO’s Write-up 02 Capital Market Review NBP Islamic Daily 03 of Contents Table NIDDF Dividend Fund 04 NBP Riba Free Savings Fund NRFSF 05 NBP Islamic Mahana Amdani Fund NIMAF 06 NBP Islamic Savings Fund NBP-ISF 07 NBP Islamic Income Fund NBP-IIF 08 NBP Islamic Money Market Fund NIMMF 09 NBP Islamic Sarmaya Izafa Fund NISIF 10 NBP Islamic Regular Income Fund NIRIF 11 NBP Islamic Stock Fund NISF 12 NBP Islamic Energy Fund NIEF NAFA Islamic Principal Protected 13 NAFA Islamic Pension Fund 14 NIPF NIPPF-II Fund-II 15 NAFA Islamic Active Allocation 16 NAFA Islamic Active Allocation NIAAP-I Plan-I NIAAP-II Plan-II 17 NAFA Islamic Active Allocation 18 NAFA Islamic Active Allocation NIAAP-III Plan-III NIAAP-IV Plan-IV 19 NAFA Islamic Active Allocation
[Show full text]
December 2020
GO DIGITAL, STAY CONNECTED 1. In case of complaint you may contact your Relationship Manager or call us at Toll free number 0800-HALAL (42525) or email us at [email protected] 2. In case of unsatisfactory resolution, you can also send your complaints at [email protected] or you may contact on +92 300 0208399 3. In case your complaint has not been properly redressed by us, you may also lodge your complaint with SECP on SECP Service Desk : https://sdms.secp.gov.pk/ Risk Disclaimer: All investments in mutual funds are subject to market risks. Past performance is not necessarily indicative of the future results. Please read the oﬀering document to understand the investment policies, tax implications and the risks involved December 2020 Risk Prole of Collective Investment Scheme/Plans Fund Name Symbol Funds Category Risk Prole Risk of Principal Erosion Meezan Islamic Fund MIF Islamic Equity High High Al Meezan Mutual Fund AMMF Islamic Equity High High KSE Meezan Index Fund KMIF Islamic Index Tracker High High Meezan Energy Fund MEF Islamic Equity High High Meezan Dedicated Equity Fund MDEF Islamic Equity High High Meezan Pakistan Exchange Traded Fund MP-ETF Exchange Traded Fund High High Meezan Gold Fund MGF Islamic Commodity High High Meezan Asset Allocation Fund MAAF Islamic Asset Allocation High High Meezan Balanced Fund MBF Islamic Balanced Medium Medium Meezan Islamic Income Fund MIIF Islamic Income Medium Medium Meezan Sovereign Fund MSF Islamic Income Moderate Moderate Meezan Cash Fund MCF Islamic Money Market Low Low Meezan
[Show full text]
NBP Islamic Energy Fund (NIEF) NBP FUNDS Managing Your Savings
NBP Islamic Energy Fund (NIEF) NBP FUNDS Managing Your Savings Formerly; NAFA Islamic Energy Fund (NIEF) Islamic Savings Unit Price (30/11/2019): Rs. 10.1932 November 2019 % Nov FYTD Rolling FY FY FY Last 3 Since Launch* Performance Period 12 2019 2020 Months 2019 2018 2017 Years* April 21, 2016 NBP Islamic Energy Fund 11.0% 11.4% (12.8%) (27.8%) (3.2%) 32.2% (4.2%) 3.4% Formerly; NAFA Islamic Energy Fund (NIEF) 12.3% 15.9% (8.3%) (23.8%) (9.6%) 18.8% (4.2%) 1.7% * Annualized Return The performance reported is net of management fee & all other expenses and based on dividend reinvestment All Other returns are Cumulative gross of with-holding tax where applicable. Launch Date: April 21, 2016 The objective of NBP Islamic Energy Fund is to provide investors with long term Fund Size: Rs. 592 million Type: Open Ended Shari'ah Compliant Equity capital growth from an actively managed portfolio of Shari’ah Compliant listed Scheme equities belonging to the Energy Sector. Dealing Days: Daily – Monday to Friday Dealing Time: (Mon - Thr) 9:00 A.M to 4:30 P.M ‘ (Friday) 9:00 A.M to 5:00 P.M Settlement: 2-3 business days NBP Funds launched its third open-end Islamic Equity Fund namely NBP Pricing Mechanism Forward Pricing Islamic Energy Fund (NIEF) in April, 2016. The aim of the Fund is to provide Load:** Front End Load (Individual): 3% (Nil on growth to the investment of unit holders over the long-term in approved investment above Rs.
[Show full text]
FMR-March-2020.Pdf
SAVE UP TO % ON 40YOUR •Up to 20%* Tax Savings through •Up to 20%* Tax Savings through investment in investment in Meezan Mutual Funds Meezan Tahaffuz Pension Fund *As per Section 62 of Income Tax Ordinance, 2001, an individual investor of open end mutual fund (unit trust schemes) can claim tax credit on investment of up to Rs. 2,000,000/- or 20% of an individual’s taxable income or actual cost of acquisition of units (whichever is less) on an investment made in Mutual Funds between July 1st and June 30th. As per section 63 of the income tax ordinance 2001, an eligible person joining Meezan Tahaffuz Pension Fund can avail tax credit of up to 20% of the [eligible] person’s taxable income for the relevant tax year. In view of the individual nature of tax consequences, each investor is advised to consult with his/her tax advisor with respect to specic tax consequences of investing in the Fund. To avail tax rebate on Mutual Funds, minimum investment holding period of two years from the date of investment is required, failing which taxes shall be applicable as per the tax laws. Tax credit can be only once during these two years and not every year. Risk Disclaimer: All investments in Mutual Funds are subject to market risks. Past performance is not necessarily indicative of future results. Please read the Offering Document to understand the investment policies, risks and tax implication involved. This is for general information purposes only. CIO Note: March 2020 Sizeable market fall due to Covid-19, bounce back likely as economic activity resumes Dear Investor, KMI-30 index declined by a massive 24% MoM and KSE-100 index dropped by a similar 23% in Mar-20, as Covid-19 popularly known as Corona virus turned into a pandemic and shook the foundations of global economy and world markets.
[Show full text]
NBP Islamic Energy Fund June 2021 Download
NBP ISLAMIC ENERGY FUND (NIEF) MONTHLY REPORT (MUFAP's Recommended Format) June 2021 Unit Price (30/06/2021): Rs.9.4868 Performance % Since Launch CYTD - FY-2021 FY - FY - FY - FY - Last 3 Last 5 Performance Period Jun-2021 (Rolling April 21, 2016* 2021 12 Months) 2020 2019 2018 2017 Years* Years* NBP ISLAMIC ENERGY FUND (1.7)% 4.0% 14.6% (7.2)% (27.8)% (3.2)% 32.2% (8.4)% (0.4)% 1.4% BENCHMARK (2.7)% 7.7% 39.3% 1.6% (23.8)% (9.6)% 18.8% 2.5% 3.0% 5.2% * Annualized return. All other returns are cumulative. The performance reported is net of management fee & all other expenses and based on dividend reinvestment gross of with-holding tax where applicable. General Information Investment Objective Launch Date: April 21, 2016 The objective of NBP Islamic Energy Fund is to provide investors with long term capital Fund Size: Rs. 865 million growth from an actively managed portfolio of Shari’ah Compliant listed equities Type: Open-end - Shari'ah Compliant Equity Fund belonging to the Energy Sector. Dealing Days: Daily – Monday to Friday Fund Manager Commentary Dealing Time: (Mon-Thr) 9:00 A.M to 3:00 P.M NBP Funds launched its third open-end Islamic Equity Fund namely NBP Islamic Energy Fund (NIEF) in April, 2016. The aim of the Fund is to provide growth to the (Friday) 9:00 A.M to 4:00 P.M investment of unit holders over the long-term in approved Shariah Compliant energy Settlement: 2-3 business days stocks.
[Show full text]
Shariah Screening Criteria (For Equity Securities)
Shariah Screening Criteria (For Equity Securities) Shariah compliance of stocks is done under the guidance of qualified and reputed Shariah experts. For stocks to be “Shariah compliant”, it must meet ALL the six key tests given below. Business Of The Investee Company Core business of the company must be halal and in line with the dictates of Shariah. Hence, investment in securities of any company dealing in conventional banking, conventional insurance, alcoholic drinks, tobacco, pork production, arms manufacturing, pornography or related activities is not permissible. Debt To Total Assets Debt to Asset ratio should be less than 37%. Debt, in this case, is classified as any interest bearing debts. Zero coupon bonds and preference shares are, both, by definition, part of debt. Non-Compliant Investments To Total Assets The ratio of non compliant investments to total assets should be less than 33%. Investment in any non-compliant security shall be included for the calculation of this ratio. Non-Compliant Income To Total Revenue – Purification Of Non-Compliant Income The ratio of non compliant income to total revenue should be less than 5%. Total revenue includes Gross revenue plus any other income earned by the company. This amount is cleansed out as charity as a pro rata ratio of dividends issued by the company. Illiquid Assets To Total Assets The ratio of illiquid assets to total assets should be at least 25%. Illiquid asset, here, is defined as any asset that that Shariah permits to be traded at value other than the par. Net Liquid Assets To Share Price The market price per share should be greater than the net liquid assets per share calculated as: (Total Assets – Illiquid Assets – Total Liabilities) divided by number of shares.
[Show full text]
FMR-November-2020.Pdf
November 2020 Risk Profile of Collective Investment Scheme/Plans Fund Name Symbol Funds Category Risk Profile Risk of Principal Erosion Meezan Islamic Fund MIF Islamic Equity High High Al Meezan Mutual Fund AMMF Islamic Equity High High KSE Meezan Index Fund KMIF Islamic Index Tracker High High Meezan Energy Fund MEF Islamic Equity High High Meezan Dedicated Equity Fund MDEF Islamic Equity High High Meezan Pakistan Exchange Traded Fund MP-ETF Exchange Traded Fund High High Meezan Gold Fund MGF Islamic Commodity High High Meezan Asset Allocation Fund MAAF Islamic Asset Allocation High High Meezan Balanced Fund MBF Islamic Balanced Medium Medium Meezan Islamic Income Fund MIIF Islamic Income Medium Medium Meezan Sovereign Fund MSF Islamic Income Moderate Moderate Meezan Cash Fund MCF Islamic Money Market Low Low Meezan Rozana Amdani Fund MRAF Islamic Money Market Low Low Meezan Financial Planning Fund of Fund MFPF Islamic Fund of Funds Plan Specific (Low to High) Plan Specific (Low to High) Meezan Strategic Allocation Fund MSAF Islamic Fund of Funds Plan Specific (Medium to High) Plan Specific (Medium to High) Meezan Strategic Allocation Fund - II MSAF-II Islamic Fund of Funds Plan Specific (Medium to High) Plan Specific (Medium to High) Meezan Strategic Allocation Fund - III MSAF-III Islamic Fund of Funds Plan Specific (Medium to High) Plan Specific (Medium to High) Disclaimer This publication is for informational purpose only and nothing herein should be construed as a solicitation, recommendation or an offer to buy or sell any fund. All investments in mutual funds are subject to market risk. The NAV based prices of units and any dividends/returns thereon are dependent on force and factors affecting the capital markets.
[Show full text]
Forecasting Islamic Stock Market Volatility: an Empirical Evidence from Pakistan Economy
P a g e | 17 Forecasting Islamic Stock Market Volatility: An Empirical Evidence from Pakistan Economy Amina Rizwan1 and Ambreen Khursheed1 Abstract Islamic investment particularly, in stocks has revealed an incredible growth in the 21st century. The growing demand of Islamic finance in Pakistan has asserted the main controllers of stock market to launch Islamic index for assisting investors in buying and selling of shares in alignment to their religious beliefs. Though Pakistan is deficient in having a proper Islamic stock market but Al-Meezan and Karachi Stock Exchange has initiated an Islamic stock market by the name of Karachi stock exchange Meezan index (KMI-30). This study uses time series analysis for the forecasting of Islamic stock index of Pakistan under the influence of volatility. The daily data of KMI-30 of five days per week starting from 1st September 2008 to 3rd May 2012 is taken. The output reveal that Muslim investors can earn substantial revenues by investing in Islamic stock indices and can also achieve their peace of mind by aligning their investments to their religious values. The results of Box-Jenkins methodology show that ARIMA model with the value of (2, 1, 0) and Generalized Autoregressive Conditional Heteroskedasticity shows that GARCH with the value of (1, 1) are the best models for forecasting of KMI-30 in Pakistan. Hence, the study assists policy makers, practitioners and investors who desire to make alignment in their financial investment and religious values. Keywords: KSE-100 Index, Shari’ah, Stock Performance, Generalized Autoregressive Conditional Heteroskedasticity. 1. Introduction: Stock market is a place where buying and selling of financial and industrial securities take place (Hosseni, 2011).
[Show full text]
Research Report
Daily Report June 11, 2021 Market Statistics summary 1 June 11, 2021 SCS Research Market Report PSX REP-033 also log onto MARKET INDEX www.jamapunji.pk June 11, 2021 Net Current Net High Low Change Volume Index Change Indices % KSE 100 Index 48,304.72 48,531.40 48,245.40 (+53.23) +0.11% 373,933,118 KSE-30 Index 19,478.73 19,588.94 19,477.55 (-58.87) -0.30% 65,510,892 KMI-30 Index 78,798.77 79,265.31 78,650.31 (+13.89) +0.02% 98,995,758 All Share Index 32,715.62 32,842.42 32,657.40 (+58.22) +0.18% 1,024,214,098 KMI All Shares Index 23,671.18 23,772.17 23,634.10 (+37.08) +0.16% 430,013,758 June 10, 2021 Net Previous Net High Low Change Volume Index Change Indices % KSE 100 Index 48,251.49 48,287.52 47,777.62 (+473.87) +0.98% 296,571,812 KSE-30 Index 19,537.60 19,563.13 19,317.32 (+155.79) +0.80% 114,742,492 KMI-30 Index 78,784.88 78,818.25 78,230.76 (+554.12) +0.70% 148,255,240 All Share Index 32,657.40 32,672.04 32,397.26 (+260.14) +0.80% 1,039,343,622 KMI All Shares Index 23,634.10 23,634.64 23,485.73 (+148.37) +0.63% 620,858,940 June 11, 2021 Net Current Net High Low Change Volume Indices Index Change % NIT Pak.
[Show full text]
Daily Market Insights
DAILY MARKET INSIGHTS 10-Jun-2021 Change Index points KMI 30 INDEX PERFORMANCE OVERVIEW PKR % Change Closing KMI 30 Index 554 78,785 Contributing shares Closing Price - Rs. Unity Foods Limited 2.83 6.08 122.82 49.36 Engro Fertilizers Limited 1.44 2.08 75.55 70.81 Engro Corporation Limited 2.71 0.86 73.77 316.85 KMI 30 INDEX VOLUMES Today 148 5 days average 99 113 14 days average Millions Source: https://formerdps.psx.com.pk/ & Calculations of Kifayah Investment Management Limited Top most buyer Top most seller PORTFOLIO INVESTMENT SUMMARY Mutual Funds Individuals Amount (Net) 911,372,433 (798,360,592) Buying / Selling sector wise composition All other Sectors 37.86% 31.91% Cement 16.81% 5.43% Food and Personal Care Products 15.20% 9.96% Technology and Communication 6.13% 39.66% Source: https://www.nccpl.com.pk/en/market-information/fipi-lipi/fipi-normal-daily FOREIGN PORTFOLIO INVESTMENT TREND Today (399) (152) 5 days average (44) 14 days average Millions Source: https://www.nccpl.com.pk/en/market-information/fipi-lipi/fipi-normal-daily & Calculations of Kifayah Investment Management Limited MATERIAL INFORMATION Disclosure of Interest by a Substantial Shareholder, bought 71,300 shares at the Packages Limited average price of Rs. 529.97 each on 9 June 2021. Source: https://dps.psx.com.pk/announcements/companies CONSOLIDATED (where applicable) RESULTS and EPS (Qtr.) EPS DPS Growth over same Quarter ANNOUNCEMENTS Rs. Rs. Rs. EPS Gross Revenue Source: https://dps.psx.com.pk/announcements/companies UPCOMING BOOK CLOSURES DPS % Ex-Dividend
[Show full text]
Journal of Risk and Financial Management
Research Paper – Article Differentiation of Market Risk Characteristics among Sharia Compliant and Conventional Equities listed on the Pakistani Capital Market - KSE 100 Index over a selective time period. Syed Adeel Hussain Pakistan E-Mail: [email protected] 00923323814319 Received: / Accepted: / Published: Abstract: This technical paper highlights the substantive and notable Market Risk difference among Islamic and Conventional Securities with respect to their Actual Price Volatility Risk Characteristics in context of Listed Pakistani Capital Markets. The data analyzes market risk of each listed security based on price series of the last five years drawn from the KSE 100 Index. We have used KMI 30 Index within KSE 100 Index to separate Islamic Stocks from their conventional counterparts. The study has applied two different market risk measurement methods of VaR - Value at Risk calculation such as Historical Simulation and VCV – Variance Covariance. In this paper three different confidence intervals are applied distinctly but simultaneously to both methods of VaR Calculation and groups of stocks ie (Islamic/Sharia Compliant and Conventional Equities). At the end, Percentiles are used to classify VaR measurements belonging to each group of stock. The Null Hypothesis is tested using a difference between means of two populations’ z test statistic model at given 5% level of significance. The intention of writing this paper was to technically ‘fill the literature gap’ which exists within the purview of literature review covering both areas in Risk Finance and Islamic Finance. Keywords: Equity Capital Markets, Value at Risk, Historical Simulation, Variance- Covariance, Market Risk, Islamic Finance, Sharia Compliant, KSE 100 Index, and KMI 30 Index .
[Show full text]
Pakistan Stock Exchange Limited Stock Exchange Building, Stock Exchange Road, Karachi Phone: (021) 111-001-122
PAKISTAN STOCK EXCHANGE LIMITED STOCK EXCHANGE BUILDING, STOCK EXCHANGE ROAD, KARACHI PHONE: (021) 111-001-122 PSX/N-746 N O T I C E Dated: June 18, 2021 RE-COMPOSITION OF KSE-MEEZAN 30 INDEX (KMI-30) It is hereby informed that the Pakistan Stock Exchange Limited has carried-out the exercise of re- composition of KSE-Meezan 30 Index for the review period from July 01, 2020 to December 31, 2020. The re-composition has been carried out on the basis of the criteria of selection of companies as detailed in the Brochure of KSE-Meezan 30 Index, which can be downloaded from the website of the Exchange: www.psx.com.pk. As a result, 6 companies would be affected due to re composition process as given hereunder: - Exclusion Sr no. Incoming Companies Outgoing Companies Reason 1 Hub Power Company Limited Abbott Laboratories Pak Ltd. Rank#37* 2 Systems Limited Kohat Cement Co. Ltd. Rank#39* 3 Ghandhara Industries Limited ICI Pakistan Limited. Rank#43* 4 Avanceon Limited K-Electric Limited. Rank#44* Pakistan International Bulk Terminal 5 Packages Ltd. Rank#45* Limited 6 National Refinery Limited Glaxo SmithKline Pakistan Ltd. Rank#47* * Does not fall in list of top 30 Shariah Compliant stocks ** Shariah Non-Compliant The recomposed index will be implemented w.e.f. Monday, 28 June, 2021, list of companies included in the recomposed Index and the list of sharia screen companies are also attached. – sd – Mohammad Hussain Senior Manager Product Management & Research Copy to: PSX Website Notice Board LIST OF COMPANIES INCLUDED IN THE KMI-30 INDEX ON THE
[Show full text]