June Review

June was a particularly devastating month for the KSE100, recording a 4026pt plunge. Average volume tumbled 25pc to 256mln shares, while value traded fell 35pc to Rs12.7bln. Weakness in crude oil prices, the rising spectre of political uncertainty over the Panama JIT, and rising current account deficit took a heavy toll on investor sentiment. Inflow during the month was USD7.9mln compared to an outflow of USD141mln last month. 

Worst performers were ISL, SNGP, DFML, DSL, TRG​, ASL

EPCL was the top performer 16pc. HBL, UBL, MLCF, FATIMA, NPL also out performed the market.

E&P, Oil Marketing, Refiners and Steel were worst hit. Banks, Cements also declined but less so.

We expect the market to take support once the Panama issue concludes and earnings season kicks off.

	Change	MaxCls	MinCls	Max	Min	PctChg	Avg Volume	Avg Value
Jan	951.00	50192	48240	50887	47791	2	443,284,727	22,682,001,723
Feb	-224.00	49966	48521	50322	48146	-0.5	353,513,847	16,948,120,816
Mar	-379.00	49754	47949	49894	47679	-0.8	246,169,030	11,929,999,754
Apr	1,146.00	50111	46874	50305	46050	2.4	240,718,454	12,962,885,550
May	1,290.00	52876	48605	53123	48490	2.6	338,177,279	19,284,096,972
Jun	-4,026.00	50163	44914	50641	43827	-8	256,567,714	12,739,938,789