J.P.Morgan on Tuesday downgraded South African equities to “neutral” from “overweight” due to concerns over an economic slowdown and the effectiveness of the country’s policy reforms.
End of FY23: JPMorgan has penciled in another 400bps rate-hike, but experts disagree
“While South Africa’s investment case on reforms remains an attractive point of departure, it is unlikely to result in meaningful (economic) growth that’s above 2% in the coming two years,” the brokerage said in a note.
| Currency | Rate |
|---|---|
|
USD PKR Interbank Selling
/ Mar 18
|
280.30
|
|
USD PKR Interbank Buying
/ Mar 18
|
280.10
|
|
USD to Japanese Yen
/ Mar 18
|
149.74
|
|
USD to Swiss Franc
/ Mar 18
|
0.88
|
|
Pound Sterling to USD
/ Mar 18
|
1.30
|
|
Euro to USD
/ Mar 18
|
1.09
|
|
UK LIBOR %
/ Mar 17
|
4.96
|
| Stock | Volume |
|---|---|
|
S&P 500
/ Mar 17
|
5,675.12
|
|
Nasdaq
/ Mar 17
|
17,808.66
|
|
Dow Jones
/ Mar 17
|
41,841.63
|
|
India Sensex
/ Mar 18
|
75,056.73
|
|
Tokyo Nikkei
/ Mar 18
|
37,883.46
|
|
Hang Seng
/ Mar 18
|
24,597.87
|
|
FTSE 100
/ Mar 18
|
8,724.65
|
|
Germany DAX 30
/ Mar 18
|
23,354.09
|
|
France CAC40
/ Mar 18
|
8,119.11
|
| Item | Value |
|---|---|
|
Karachi Cotton PKR/37.32 KG
/ Mar 17
|
17,285
|
|
Petrol/Litre
/ Mar 18
|
255.63
|
|
Crude Oil USD/Barrel
/ Mar 18
|
67.90
|
|
Gold 10 Grams PKR
/ Mar 18
|
272,076
|
|
Gold Spot USD/Ounce
/ Mar 18
|
3,012
|
|
Diesel/Litre
/ Mar 18
|
258.64
|
|
Cotton US¢/pound
/ Mar 18
|
66.44
|
| Stock | Price |
|---|---|
|
First IBL Mod.
/ Mar 18
First IBL Modaraba(FIBLM)
|
3.05
▲ 0.34
(12.55%)
|
|
Parmount Sp.
/ Mar 18
Paramount Spinning Mills Limited(PASM)
|
4.50
▲ 0.49
(12.22%)
|
|
Int. Knit.
/ Mar 18
International Knitwear Limited(INKL)
|
19.76
▲ 1.8
(10.02%)
|
|
Chakwal Spinning
/ Mar 18
Chakwal Spinning Mills Limited(CWSM)
|
57.16
▲ 5.2
(10.01%)
|
|
TRG Pak Ltd
/ Mar 18
TRG Pakistan Limited(TRG)
|
66.62
▲ 6.06
(10.01%)
|
|
Agritech Limited
/ Mar 18
Agritech Limited(AGL)
|
68.26
▲ 6.21
(10.01%)
|
|
Macter Int. Ltd
/ Mar 18
Macter International Limited(MACTER)
|
372.76
▲ 33.89
(10%)
|
|
Hala Enterprise
/ Mar 18
Hala Enterprises Limited(HAEL)
|
12.65
▲ 1.15
(10%)
|
|
At-Tahur Ltd.
/ Mar 18
At-Tahur Limited(PREMA)
|
56.97
▲ 5.18
(10%)
|
|
Bunnys Limited
/ Mar 18
Bunnys Limited(BNL)
|
17.40
▲ 1.58
(9.99%)
|
| Stock | Price |
|---|---|
|
Universal Ins.
/ Mar 18
The Universal Insurance Company Limited(UVIC)
|
8.97
▼ -1
(-10.03%)
|
|
Idrees Tex.
/ Mar 18
Idrees Textile Mills Limited(IDRT)
|
25.45
▼ -2.83
(-10.01%)
|
|
Khyber Textile
/ Mar 18
Khyber Textile Mills Limited(KHYT)
|
435
▼ -48.13
(-9.96%)
|
|
Sanghar Sugar
/ Mar 18
Sanghar Sugar Mills Limited(SANSM)
|
43.71
▼ -4.06
(-8.5%)
|
|
Dewan Textile
/ Mar 18
Dewan Textile Mills Limited(DWTM)
|
7.75
▼ -0.67
(-7.96%)
|
|
Equity Modaraba
/ Mar 18
First Equity Modaraba(FEM)
|
3
▼ -0.22
(-6.83%)
|
|
F.Credit & Inv
/ Mar 18
First Credit and Investment Bank Limited(FCIBL)
|
7.75
▼ -0.55
(-6.63%)
|
|
Unicap Modaraba
/ Mar 18
Unicap Modaraba(UCAPM)
|
2.90
▼ -0.2
(-6.45%)
|
|
Masood Textile
/ Mar 18
Masood Textile Mills Limited(MSOT)
|
50.02
▼ -3.31
(-6.21%)
|
|
Faisal Sp.
/ Mar 18
Faisal Spinning Mills Limited(FASM)
|
303.51
▼ -19.57
(-6.06%)
|
| Stock | Volume |
|---|---|
|
Pak Int.Bulk
/ Mar 18
Pakistan International Bulk Terminal(PIBTL)
|
58,826,162
▲ 0.57
|
|
Pak Elektron
/ Mar 18
Pak Elektron Limited(PAEL)
|
48,322,821
▼ -0.7
|
|
B.O.Punjab
/ Mar 18
The Bank of Punjab(BOP)
|
46,581,767
▲ 0.18
|
|
Fauji Cement
/ Mar 18
Fauji Cement Company Limited(FCCL)
|
24,855,885
▲ 0.28
|
|
Pak Refinery
/ Mar 18
Pakistan Refinery Limited(PRL)
|
21,328,442
▼ -0.64
|
|
WorldCall Telecom
/ Mar 18
Worldcall Telecom Limited(WTL)
|
19,370,888
▲ 0.01
|
|
TRG Pak Ltd
/ Mar 18
TRG Pakistan Limited(TRG)
|
18,016,216
▲ 6.06
|
|
Fauji Foods Ltd
/ Mar 18
Fauji Foods Limited(FFL)
|
17,460,299
▼ -0.14
|
|
Silk Bank Ltd
/ Mar 18
Silkbank Limited(SILK)
|
16,324,496
▼ -0.02
|
|
K-Electric Ltd.
/ Mar 18
K-Electric Limited(KEL)
|
16,312,492
▲ 0.05
|
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