Elixir Securities Limited – Pakistan Market Wrap

Karachi, September 25, 2018 (PPI-OT): Closing Bell – listless session!

Pakistan equities closed marginally positive Tuesday with benchmark KSE100 Index settling above 41,000 level. Market kicked off positive however thin volumes in the main board resulted in index trading in the range of 236 points and closed slightly positive. Major activity was witnessed in Cements and Oil as Crude oil (Brent) has crossed USD80/bbl.

Mari Petroleum Ltd MARI PA+2.79%, Pakistan Oil Fields Ltd POL PA +2.11%, Lucky Cement LUCK PA +1.61%, DG Khan Cement DGKC PA +1.32% and Maple Leaf Cement MLCF PA +3.27% collectively contributing 88 points to the Index. Dolmen City Reit DCR PA -0.55% announced its FY18 result posting EPS of PKR2.27. Going forward, we expect market to take cue from today’s ECC meeting where tough decision on rise in electricity tariff is on the agenda.

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