KSE100 Index rises 201 points closing at 40,448 (+0.5%)

A Selection from PakStox PSX Investment Universe.

Tuesday, 18 April 2023				KSE100 Index	40,448	201.38 ↑
PSX:Ticker	Price	Change	52 Week Range	EPS	BV/Share	PE
	Rs.	%	Rs.	Rs.	Rs.	X
OGDC	86.03	0.1%	109.6 - 69	37.2	221	69
PPL	67.33	0.2%	86 - 50.43	26.0	177	50
POL	399.87	0.3%	460 - 340	103.5	180	340
NRL	149.53	-0.2%	280.5 - 141.05	13.1	414	141
PSO	114.46	-0.2%	196.5 - 109.02	107.9	442	109
SNGP	40.83	-0.4%	48.45 - 25.4	18.1	63	25
HUBC	69.64	0.9%	80.35 - 57.05	21.5	44	57
KAPCO	25.18	2.4%	33.48 - 23.9	8.5	78	24
ENGRO	285.15	3.4%	308.8 - 225.3	36.8	158	225
EFERT	86.89	0.5%	102.4 - 74.6	11.5	32	75
FFC	99.98	-0.2%	128.89 - 97.45	15.8	40	97
NML	54.1	1.0%	88 - 49	35.7	239	49
ILP	49.02	2.0%	74.88 - 46.1	13.7	37	46
LUCK	392.97	-1.0%	611 - 375.55	51.5	415	376
DGKC	44.45	-0.6%	73.35 - 39	3.9	160	39
MLCF	26.26	-0.2%	38.65 - 19	4.4	41	19
FCCL	11.8	0.3%	18.5 - 10.24	3.8	29	10
EPCL	44.52	0.2%	93.48 - 39.75	12.4	29	40
AICL	23.95	-2.3%	34.99 - 23.5	7.4	71	24
ABOT	397.49	-0.8%	700 - 345	30.7	175	345
AGP	52.81	-0.2%	92 - 50	5.1	37	50
SEARL	51.73	0.0%	122.45 - 50	4.1	84	50
MCB	115.88	0.1%	152.5 - 106.99	27.6	160	107
MEBL	98.92	0.7%	146.5 - 85.7	25.2	64	86
BAHL	42	2.2%	71 - 40.26	14.9	86	40
SYS	480.35	0.4%	520.55 - 281	34.6	111	281

Brent Crude Logs Biggest Weekly Drop Since September on Weak Demand, Easing Tensions

Oil prices were under pressure this week. Brent crude oil futures fell 1.9% to $73 per barrel on Friday, registering the biggest weekly loss since early September, with prices dropping over 7%. The decline was attributed to weaker demand forecasts from OPEC and the International Energy Agency (IEA), slowing economic growth in China, and signs of easing geopolitical tensions in the Middle East. Both OPEC and the IEA revised down their demand forecasts for 2024 and 2025. China's refinery output declined for the sixth consecutive month, impacted by weak fuel demand and the growing adoption of electric vehicles (EVs). Meanwhile, U.S. crude oil production reached a new record last week. Although a drawdown in U.S. crude inventories and stronger-than-expected retail sales in September provided some support to oil prices, easing concerns about a broader conflict in the Middle East exerted additional downward pressure on the market.

A Snapshot of Exchange Traded Funds at PSX

PSX Strongly Rebounds

The Pakistan Stock Exchange (PSX) reacted positively to the conclusion of the IMF staff-level agreement and has now recovered a substantial part of the losses sustained on Monday. Today, out of the 1,139-point gain in the KSE-100 Index, around 800 points were contributed by UBL, OGDC, PPL, and Meezan Bank.

PakStox Outlook

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