Business community predicts that Global Asset Markets would not be as productive or as calm in the year 2018 as they have been in 2017. Furthermore, statistics explicit that every main stock market recorded strong gains for the year amid record low volatility. The corporate profit growth was strong almost everywhere, by the standards of the post-crisis era. Despite all this, the Government of Pakistan merged all three stock exchanges into one Pakistan Stock Exchange (PSX), which is currently offering a single platform to financiers mainly to the international investors. The government statistics show that the period from July-March FY 2018, the capital market operated in a wide range. During the period under review, the market remained volatile. Till August 2017, it was rising reaching the peak point of 47,084 on August 03, 2017, after which it started moving down, reaching lowest closing point of 37,919 on December 19, 2017. The performance of some of the major sectors cataloged PSX as on March 30, 2018 is mentioned below:
Oil & Gas Exploration Companies
The Finance Ministry of Pakistan mentioned in the statement that in Oil & Gas Exploration sector 4 companies are listed at PSE with accumulated paid up capital of Rs 66,194.40 million. The market capitalization of this sector is Rs 1,485,484 million. The Profit After Tax (PAT) of this sector is Rs 118,296.75 million.
Oil & Gas Marketing Companies
In this sector 8 companies are cataloged at PSX with the paid up capital of Rs 23,144.20 million. The market capitalization of this sector is Rs 346,961 million. The PAT of this sector is Rs 37,479.14 million.
Refinery Companies
In this sector 4 companies are listed at PSX with the paid up capital of Rs 58,101.44 million. The market capitalization of this sector is Rs 144,309 million. The PAT of this sector is Rs 16,641.96 million.
Cement
This sector comprises 20 companies, with total listed capital of Rs 72,618.94 million and the market capitalization of Rs 610,576.9 million. On the back of higher consumption and better exports, the sector recorded tremendous growth which translated into good financial results. The sector registered PAT at Rs 59,933.97 million.
Automobile Assembler
The sector comprises of 12 companies with the total paid up capital of Rs 7694.03 million and the total market capitalization was Rs 451,501.7 million. The PAT of this sector is Rs 36,497.54.
Technology & Communication
The sector comprises of 10 companies which includes PTCL with capital of Rs 51,000 million. The market capitalization of this sector was Rs 103,526.7 million and PAT is Rs 10,489.59 million.
Commercial Banks
The sector comprises 20 listed banks with the listed capital of Rs 379,851.45 million and market capitalization of Rs 1,625,052.6 million. The PAT of the sector is Rs 144,270.4.
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Pharmaceuticals
The sector comprises 11 listed pharmaceutical companies with the paid up capital of Rs 8,516.56 million and market capitalization of Rs 321,854.7 million. This total PAT of this sector is Rs 14,120.45.
Textile Spinning
In this sector 81 companies are listed at PSX, having total paid up capital of Rs 22,282.23 million and the market capitalization is Rs 47,655 million.
Textile Weaving
In this sector 13 companies are listed at PSX, having total paid up capital of Rs 2,279.17 million and the market capitalization is Rs 25,564.7 million.
| Â Sensex index suffered major single-day falls | ||
|---|---|---|
| Â S.NO | Â Date | Â Points |
| 1 | 24-Aug-2015 | 1624.51 |
| 2 | 21-Jan-2008 | 1408.35 |
| 3 | 24-Oct-2008 | 1070.63 |
| 4 | 17-Mar-2008 | 951.03 |
| 5 | 3-Mar-2008 | 900.84 |
| Note: SENSEX (Mumbai, Maharashtra, India) | ||
Textile Composite
In this sector 52 companies are listed at PSX, having total paid up capital of Rs 14,721.07 million and the market capitalization was Rs 217,805.6 million.
Sugar & Allied
The sector comprises of 32 companies with the total paid up capital of Rs 10,894.67 million and market capitalization is Rs 84,713.5 million. The PAT of this sector was 1168.2 million.
Fertilizer
The sector comprises of 7 companies with the total paid up capital of Rs 71,004.69 million and market capitalization is Rs 561,170.4 million. The PAT of this sector Rs 50,072.09 million.
Power Generation and Distribution
Sector comprises of 19 companies and the listed capital was Rs 148,042.3 million with market capitalization of Rs 449,531.9 million. The PAT of the sector is 31,602.50 million.
Chemicals
In this sector 27 companies are listed, having total paid up capital of Rs 38,413 million and the market capitalization is Rs 351,913 million. The PAT is Rs 14,429.93.
Conclusion
In last, I would like to mention here, the stock markets have a lot to offer. Many avoid investing in PSX and even in the world stocks, however, because they are afraid of the many associated risks. News about the occasional market recession or slump doesn’t help matters. Truly speaking, the confidence of potential financiers is eroded, and consequently, they’re excluded from this market of opportunities. If you’re a potential investor, it’s possible to rid yourself of this fear and make good returns from stocks. The secret is to understand the market and be fully aware of the risks. Be aware of your appetite for risk and invest accordingly.