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 14
|
280.30
|
|
USD PKR Interbank Buying
/ Mar 14
|
280.05
|
|
USD to Japanese Yen
/ Mar 14
|
148.64
|
|
USD to Swiss Franc
/ Mar 14
|
0.89
|
|
Pound Sterling to USD
/ Mar 14
|
1.29
|
|
Euro to USD
/ Mar 14
|
1.09
|
|
UK LIBOR %
/ Mar 14
|
4.96
|
| Stock | Volume |
|---|---|
|
S&P 500
/ Mar 14
|
5,638.94
|
|
India Sensex
/ Mar 14
|
73,828.91
|
|
Tokyo Nikkei
/ Mar 14
|
37,053.10
|
|
Nasdaq
/ Mar 14
|
17,754.09
|
|
Hang Seng
/ Mar 14
|
23,959.98
|
|
FTSE 100
/ Mar 14
|
8,632.33
|
|
Dow Jones
/ Mar 14
|
41,488.19
|
|
Germany DAX 30
/ Mar 14
|
22,986.82
|
|
France CAC40
/ Mar 14
|
8,028.28
|
| Item | Value |
|---|---|
|
Crude Oil USD/Barrel
/ Mar 14
|
67.18
|
|
Karachi Cotton PKR/37.32 KG
/ Mar 14
|
17,285
|
|
Gold 10 Grams PKR
/ Mar 14
|
269,204
|
|
Gold Spot USD/Ounce
/ Mar 14
|
2,984.16
|
|
Cotton US¢/pound
/ Mar 14
|
67.37
|
|
Petrol/Litre
/ Mar 17
|
255.63
|
|
Diesel/Litre
/ Mar 17
|
258.64
|
| Stock | Price |
|---|---|
|
First Fid. Leasing
/ Mar 14
First Fidelity Leasing Modaraba(FFLM)
|
2.30
▲ 0.27
(13.3%)
|
|
Frontier Ceram
/ Mar 14
Frontier Ceramics Limited(FRCL)
|
20.89
▲ 1.9
(10.01%)
|
|
Pak Synthetics
/ Mar 14
Pakistan Synthetics Limited(PSYL)
|
45.16
▲ 4.11
(10.01%)
|
|
At-Tahur Ltd.
/ Mar 14
At-Tahur Limited(PREMA)
|
47.08
▲ 4.28
(10%)
|
|
Sanghar Sugar
/ Mar 14
Sanghar Sugar Mills Limited(SANSM)
|
43.46
▲ 3.95
(10%)
|
|
Int. Knit.
/ Mar 14
International Knitwear Limited(INKL)
|
16.63
▲ 1.51
(9.99%)
|
|
Idrees Tex.
/ Mar 14
Idrees Textile Mills Limited(IDRT)
|
26.10
▲ 2.37
(9.99%)
|
|
Hala Enterprise
/ Mar 14
Hala Enterprises Limited(HAEL)
|
13.13
▲ 1.19
(9.97%)
|
|
Grays Leasing
/ Mar 14
Grays Leasing Limited(GRYL)
|
4.89
▲ 0.39
(8.67%)
|
|
Apna Microfin.
/ Mar 14
Apna Microfinance Bank Limited(AMBL)
|
11.10
▲ 0.87
(8.5%)
|
| Stock | Price |
|---|---|
|
Oilboy Energy
/ Mar 14
Oilboy Energy Limited(OBOY)
|
9.80
▼ -1.2
(-10.91%)
|
|
St.Chart.Bank
/ Mar 14
Standard Chartered Bank (Pak) Ltd(SCBPL)
|
58.45
▼ -6.95
(-10.63%)
|
|
Tri-Star Mutual
/ Mar 14
Tri-Star Mutual Fund Limited(TSMF)
|
7.26
▼ -0.75
(-9.36%)
|
|
National Bank
/ Mar 14
National Bank of Pakistan(NBP)
|
74
▼ -7.2
(-8.87%)
|
|
Askari Bank
/ Mar 14
Askari Bank Limited(AKBL)
|
39.20
▼ -3.74
(-8.71%)
|
|
F.Credit & Inv
/ Mar 14
First Credit and Investment Bank Limited(FCIBL)
|
7.55
▼ -0.68
(-8.26%)
|
|
Prosperity Weav
/ Mar 14
Prosperity Weaving Mills Limited(PRWM)
|
35
▼ -3
(-7.89%)
|
|
Elahi Cot.
/ Mar 14
Elahi Cotton Mills Limited(ELCM)
|
112
▼ -9.16
(-7.56%)
|
|
First Capital Equities
/ Mar 14
First Capital Equities Limited(FCEL)
|
4.65
▼ -0.35
(-7%)
|
|
Kohinoor Mills
/ Mar 14
Kohinoor Mills Limited(KML)
|
31.56
▼ -2.34
(-6.9%)
|
| Stock | Volume |
|---|---|
|
B.O.Punjab
/ Mar 14
The Bank of Punjab(BOP)
|
48,802,683
▼ -0.41
|
|
Pak Int.Bulk
/ Mar 14
Pakistan International Bulk Terminal(PIBTL)
|
42,663,591
▲ 0.4
|
|
Fauji Foods Ltd
/ Mar 14
Fauji Foods Limited(FFL)
|
25,591,149
▲ 0.98
|
|
Barkat Frisian Agro
/ Mar 14
Barkat Frisian Agro Limited(BFAGRO)
|
24,680,233
▲ 1.08
|
|
Fauji Cement
/ Mar 14
Fauji Cement Company Limited(FCCL)
|
19,660,929
▼ -0.17
|
|
Maple Leaf Cement
/ Mar 14
Maple Leaf Cement Factory Limited(MLCF)
|
18,453,160
▲ 1.21
|
|
Cnergyico PK
/ Mar 14
Cnergyico PK Limited(CNERGY)
|
13,785,111
▲ 0.04
|
|
Sui South Gas
/ Mar 14
Sui Southern Gas Company Limited(SSGC)
|
13,148,794
▲ 0.02
|
|
Pak Elektron
/ Mar 14
Pak Elektron Limited(PAEL)
|
13,130,224
▲ 1.14
|
|
D.G.K.Cement
/ Mar 14
D.G. Khan Cement Company Limited(DGKC)
|
12,175,485
▲ 0.87
|
Comments