External broker reports(aggregated public sources), Topline Securities

Topline Securities

Topline Securities is one of the fastest growing brokerage houses in Pakistan. It has strong equity brokerage, economic / equity research, mutual fund distribution, commodity trading and corporate finance & advisory functions. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Macroeconomics

Karachi Stock Exchange Kse100 Index (KSE100 INDEX)

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<li>As per our channel checks, Pak Rupee has devalued by 3.0% in early hours of the interbank market today. It was trading at around Rs114 compared to yesterday’s closing rate of Rs110.58. To recall, the govt. had devalued the Pak Rupee by around 5% on December 8, 2017. During the last 10 years, Pak Rupee has devalued annually by 5%.</li>
<li>We believe this is much needed as Pakistan’s external account has deteriorated as of late. During FY17, Pakistan posted current account deficit (CAD) of US$12.2bn (4% of…</li>
</ul>


As per our channel checks, Pak Rupee has devalued by 3.0% in early hours of the interbank market today. It was trading at around Rs114 compared to yesterday’s closing rate of Rs110.58. To recall, the govt. had devalued the Pak Rupee by around 5% on December 8, 2017. During the last 10 years, Pak Rupee has devalued annually by 5%.
We believe this is much needed as Pakistan’s external account has deteriorated as of late. During FY17, Pakistan posted current account deficit (CAD) of US$12.2bn (4% of…


Flash Note: Pakistan Market: Pak Rupee Devalues in Interbank Market