Author Topic: Exchange rate weakness & KSE-100  (Read 27466 times)

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Offline Farzooq

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Re: Exchange rate weakness & KSE-100
« Reply #79 on: August 28, 2017, 10:36:19 AM »

Offline Atif Ali

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Offline Farzooq

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Re: Exchange rate weakness & KSE-100
« Reply #81 on: December 11, 2017, 03:08:13 PM »
Dollar 109
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Offline SB786

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Re: Exchange rate weakness & KSE-100
« Reply #82 on: December 11, 2017, 04:23:22 PM »
Dollar 109
suggestion is to clock dollar at 110-115 range, official news should be out soon.

Offline msypk

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Re: Exchange rate weakness & KSE-100
« Reply #83 on: December 11, 2017, 09:52:01 PM »
Please guide from where we can have the latest interbank dollar rate

Offline SB786

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Re: Exchange rate weakness & KSE-100
« Reply #84 on: December 12, 2017, 12:14:48 AM »
Please guide from where we can have the latest interbank dollar rate
http://www.sbp.org.pk/

Offline Farzooq

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Re: Exchange rate weakness & KSE-100
« Reply #85 on: December 12, 2017, 10:34:07 AM »
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Offline Farzooq

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Re: Exchange rate weakness & KSE-100
« Reply #86 on: December 12, 2017, 05:36:00 PM »
Rupee shed another ~2% against greenback in interbank market today (PKR/USD closed at 110.75).
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Offline orange

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Re: Exchange rate weakness & KSE-100
« Reply #87 on: December 12, 2017, 05:46:00 PM »
Rupee shed another ~2% against greenback in interbank market today (PKR/USD closed at 110.75).
how long will rupee take to settle

Offline SB786

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Re: Exchange rate weakness & KSE-100
« Reply #88 on: December 12, 2017, 06:21:12 PM »
Rupee shed another ~2% against greenback in interbank market today (PKR/USD closed at 110.75).
how long will rupee take to settle
till govt. announces devalued rate, btw there is a speculation in open market that devalued pkr will be around 110-112 which will be confirmed after open market rates have dropped to 115+.
money changers are not going above 111/- they are not taking more dollar or selling.

Offline Farzooq

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Re: Exchange rate weakness & KSE-100
« Reply #89 on: December 13, 2017, 03:50:49 PM »
 At least a 10 to 15 percent decline would be needed to revive foreign interest in equities, according to Tundra Fonder AB, a Swedish asset manager that specializes in frontier markets.

https://www.bloomberg.com/news/articles/2017-12-13/rupee-devaluation-not-enough-to-reignite-ailing-pakistan-stocks
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Offline Farzooq

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Re: Exchange rate weakness & KSE-100
« Reply #90 on: March 20, 2018, 11:46:59 AM »
Dollar 115
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Offline Farzooq

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Offline Farzooq

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Re: Exchange rate weakness & KSE-100
« Reply #92 on: March 20, 2018, 12:47:54 PM »
Pakistan Economy: PKR Depreciation: Positive for Textile, E&P, IPPs, Chemicals and IT

Tuesday, 20 March 2018

By: Spectrum Securities (Private) Limited
 (*) Another devaluation in short time will again impact on  listed sectors as PKR depreciated by ~4% in a single day the touched to  114/USD. The devaluation of currency is positive for E&P: As its revenue is  linked with US dollar similarly positive for IPPs due to ROE indexation in USD. 

 (*) The PKR depreciation is also positive for export-oriented  sector mainly textile as its revenue and margins will improve. Similarly,  beneficial for chemicals sector as its price linked with imported chemicals.  Likewise, positive for IT sector as its major revenue is USD denominated.

 (*) However, the Rupee depreciation is negative for Autos and  Cement to some extent as a rise in the cost of imported raw material impacts  the profitability, however, ability nullify the impact. Furthermore, we expect  to further increase in policy rate in CY18.
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Online Alpha

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Re: Exchange rate weakness & KSE-100
« Reply #93 on: March 20, 2018, 07:21:05 PM »
At least a 10 to 15 percent decline would be needed to revive foreign interest in equities, according to Tundra Fonder AB, a Swedish asset manager that specializes in frontier markets.

https://www.bloomberg.com/news/articles/2017-12-13/rupee-devaluation-not-enough-to-reignite-ailing-pakistan-stocks

Since then re shed 10% plus....

Offline Farzooq

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Re: Exchange rate weakness & KSE-100
« Reply #94 on: March 20, 2018, 09:30:25 PM »
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Offline jaz

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Offline MZ

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Re: Exchange rate weakness & KSE-100
« Reply #96 on: March 27, 2018, 05:22:30 PM »
Pakistan Market Wrap

Closing Bell - Rangebound over 45K!

KSE-100 Index 45,004 | High 45,307 | Low 44,936 | Change -104 | Value USD49mn | Volume 104mn

Pakistan equities closed Tuesday lower with benchmark KSE100 Index settling slightly at 45K level. Market opened on a dreary note and witnessed a range-bound trading session as investors looked for positive triggers. Highlight was K-Electric KEL PA +3.6% that witnessed robust activity, accounting for ~30% of total volumes on KSE100 Index, as Shanghai Electric Power company submitted fresh public announcement of its intention to acquire 66.4% stake in the company. Among mainboards, E&Ps -0.9% and Financials -0.7% witnessed profit-taking, Cements +0.2% closed on a mixed note while Ferts +0.8% traded higher Urea and DAP sales number on YoY basis for February month.
 
We expect market to consolidate and trade rangebound in a 300-400 points range. Upcoming monetary policy announcement, newsflow on Amnesty Scheme and new exchange products (ETF) will keep investors' interest intact in the market.

Offline Farzooq

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Offline Farzooq

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Re: Exchange rate weakness & KSE-100
« Reply #98 on: June 11, 2018, 01:09:53 PM »
Another Hit as Trade Deficit Widens Further
Weakness in the Pak Rupee
As we write, the Pak rupee has once again witnessed a significant depreciation of 3.82% intraday against USD today
to ~121 vis-à-vis last closing of 116.55. However, we lie in wait for the currency market to close to see whether there
is adjustment by the SBP and at what level the PKR settles. We believe that the ballooning Current Account Deficit,
[which crossed the USD 14bn mark in 10MFY18 (+50% YoY)] alongside the trade deficit (which as per recent news
reports crossed ~USD 34bn during 11MFY18) to be the primary culprits for the attrition in value of the PKR. To recall,
last major movement in the parity in a single day was witnessed in Mar’18 whereby the SBP let slip the PKR against
USD by 3.60% DoD to settle at 115.00, due to similar concerns on the deteriorating external account. The table below
highlights visible PKR/USD intraday fluctuations:

Sector Impact Comment
Banks Neutral to Positive Change in exchange rate parity may lead to an early interest rate hike
Fertilizer Neutral to Positive Prices of some products (DAP) linked with import premium price
E&P Positive Revenues derived through oil prices which are denominated in USD
Power Positive ROE is indexed against PKR-USD parity
OMCs / Refinery Negative May results in foreign exchange losses due to fuel import and FX borrowings
Cement Neutral to Negative Will increase input cost (higher coal import prices), however export rupee based margins will rise
Autos Neutral to Negative High input cost (imported raw materials), however the incremental cost may be passed on
Chemicals Positive Product pricing is linked with the import parity price
Steel Neutral to Negative Higher input cost (imported raw materials), however impact likely to be passed on
Textiles Positive Cheaper PKR against USD will augment export revenues
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