AZEE Securities
AZEE Securities
February 8, 2025 at 10:58 AM
*📈 KSE-100 Index Weekly Wrap* The market remained under pressure this week, closing at 110,323 points (-3,933 points | -3.44% WoW) as profit-taking and concerns over the upcoming IMF review weighed on sentiment. *Economic Highlights* Inflation in Jan’25 dropped to a 101-month low of 2.4% YoY. Trade deficit widened 18% YoY in Jan’25, reaching USD 2.3bn. SBP raised PKR 452bn in the latest T-bill auction against a target of PKR 450bn. Petroleum sales remained stable at 1.38mn tons YoY, with 8% MoM growth. Cement dispatches surged 14% YoY to 3,895K tons in Jan’25. Fertilizer sales declined: Urea (-27% YoY), DAP (-6% YoY). SBP reserves increased USD 46mn WoW, reaching USD 11.4bn. *Key Developments* Kia Lucky Motors launches EV9-GT Line SUV in Pakistan. FBR demands Rs18bn from a tractor manufacturer. PM likely to approve a housing sector package. Exports rose 10% YoY to $19.55bn (July-Jan’25). SBP raised Rs651bn through floating rate PIBs. *Outlook and Recommendation* The market is expected to turn positive next week, driven by earnings season and selective buying in key scrips. 🔹 KSE-100 is trading at 6.0x (2025E PER) vs. 10-year average of 8.0x, offering an 8.4% dividend yield (vs. 10-year avg: 6.5%). 📌 Preferred Stocks: PSO, OGDC, PPL, FFC, FCCL, MLCF, LUCK, NBP, AKBL, HUMNL, SYS, AIRLINK, HTL. This version keeps it concise, structured, and impactful. Let me know if you want any tweaks!
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