Dear Friends, ‘There are decades where nothing happens; and there are weeks where decades happen”Lenin“Investing for Good” or ESG investment is a theme which we covered in our webinars this month. We hosted the legendary Mark Mobius, who now manages a ESG focused emerging markets fund and his colleague Usman Ali, who is a Partner at Mobius… Continue reading Pakistan Macro Blog: Investing for Good in Pakistan: embracing ESG
With the COVID-19 situation showing little to no signs of abating anytime soon, home offices, online classes, and webinars are fast becoming part of ‘the new normal’. Ever-dedicated to carve out opportunities from threats, KASB Securities launched the KASB Varsity initiative not too long ago, which at the time of this article being written, boasts… Continue reading Technical Analysis for laymen
The outcome of an investment largely depends on the selection of stocks, pretty much make or break thing. That is why during this whole process, a large chunk of time and effort should be allocated in finding the right scrips ensuring the desired result to a great extent. Probably, the biggest mistake an investor in… Continue reading FORMALISING THOUGHT PROCESS: HOW TO INVEST
Dear Friends,On résiste à l’invasion des armées; on ne résiste pas à l’invasion des idées (No army can stop an idea whose time has come) – Victor Hugo Retail investors are driving the global markets. While many businesses are hurt by the lock down, volumes are booming for brokers and exchanges. The Financial Times published this… Continue reading Pakistan Macro Blog: Where are the retail investors?
In an anticipated outcome, Pakistan has maintained its position in the MSCI Emerging Market (EM) index post MSCI’s May20 semi-annual index review. Note that all 3 of Pakistan’s constituents were unable to meet the required criteria for eligibility. We, however, believe that MSCI likely offered some relaxation in light of the coronavirus pandemic as the… Continue reading Pakistan survives downgrade from emerging status
MSCI’s Semi-Annual Index Review is scheduled to take place on 12th May 20. Pakistan Market’s recent downtrend has garnered concerns of potential downgrade to Frontier Status. It is also important to note that Pakistan has been able to hold onto its emerging status despite not meeting the requisites due to the Index Continuity Rule. Pakistan’s… Continue reading MSCI Semi-Annual Index Review – May’20
Well no one is April fooled. After a mind-boggling plunge in the local and global markets, the stock market of Pakistan rose 16% in a single month to catch-up on the lost ground. The rebound was primarily led by government’s policy response to Covid 19. The perils of the virus have accompanied a permanent dent… Continue reading KSE – 100 returns 16% in April – A short-lived V shaped recovery
Dear Friends, “Whats in a name? That which we call a rose by any other name would smell as sweet” – Romeo & Juliet Shakespeare was wrong. Names matter. Last week I was talking to a fund manager from Singapore and I mentioned to him that until 2008 Pakistan Stock Exchange (then called Karachi… Continue reading Pakistan Macro Blog: Whats in a name?
Dear Friends, I have been MIA from this blog. Since the lock down began, I have been writing quite regular (daily) brief notes on the COVID situation and its impact on the economy. Since the 21st of March, we have also hosted 6 webinar with international experts and put our research website live (click here for… Continue reading Pakistan Macro Blog: PSX more transparent than London and Frankfurt?