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Intermarket Securities
Coverage:
Pakistan
Intermarket Securities Ltd (IMS) is a full service brokerage offering trading, research and IB services. IMS has one of the most accredited equity market teams in Pakistan, and has received multiple awards from CFA Society Pakistan and Asia Money.
Location: Karachi
Latest articles from Intermarket Securities
Macro Analysis /
Global
Pakistan Economy: SBP maintains Policy Rate at 7.0%
The State Bank of Pakistan (SBP) has maintained the policy rate at 7.0% in today’s monetary policy meeting. The decision falls in line with consensus expectations where the money market and PIB rates in recent auctions suggested no change in MPS. The...
Saad Ali @ Intermarket Securities 21 September 2020
Equity Analysis /
Pakistan
Pakistan OMCs: Pick-up in sales slows down in July due to higher prices
As per provisional data, overall OMC sales in July 2020 grew 8% yoy and 3% mom to 1.66mn tons. Excluding furnace oil (FO), sales are higher 15% yoy but down 5% mom. Sales of Mogas (petrol) and HSD (diesel) were up 14% and 24% yoy in July because of (...
Saad Ali @ Intermarket Securities 5 August 2020
Macro Analysis /
Pakistan
Pakistan: Rise in rural food inflation pushes CPI to 9.3% in July
National CPI rose to 9.3% yoy in July 2020 vs. 8.6% yoy in June. Urban non-food inflation continued to drop (3.9% in July vs. 4.7% in June), while Rural non-food inflation rose to 6.3% vs. 5.8% in the previous month. This was largely led by yoy rise...
Yusra Beg @ Intermarket Securities 3 August 2020
Macro Analysis /
Pakistan
Pakistan Market: KSE-100 in July – Sharp rebound on good economic trends
The KSE-100 bounced back sharply in July 2020 (up 14%mom) after muted performance in June (CYTD decline narrowed to -3.6%). KSE-100 has rallied c.44% (12,030 points) from its CY20td low in March, where we think the rally can extend if (i) future econ...
Yusra Beg @ Intermarket Securities 3 August 2020
Macro Analysis /
Global
Pakistan strategy: Cornered tiger
We see several reasons to be bullish on the Pakistan market. Despite the strong straight lift in July 2020 so far (+9.8% MTD), the KSE-100 is still down 7.2% CYTD (-14.1% in US$ terms). Improved policymaking underpins our liking for the market. Pakis...
Raza Jafri @ Intermarket Securities 22 July 2020
Macro Analysis /
Pakistan
Pakistan Economy: Remittances rise to record level in June
Remittances in June 2020 rose an astounding 49% yoy (up 31% mom) to US$2.5bn, which is also the highest monthly inflow ever recorded. Expats sending money to families in Pakistan to support them against the health and economic effects of the pandemic...
Saad Ali @ Intermarket Securities 13 July 2020
