Pakistan Stock Exchange (PSX) Weekly Analysis 25 Sep, 2016

BUY recommendations are ABL, DGKC, EFERT, EFOODS, ENGRO, FATIMA, FCCL, FFBL, HBL, KEL, KOHC, LUCK, MCB, MLCF, OGDC, PAEL, PIOC, PPL, PSMC, PSO, PTC, TGL and UBL.

Top gainers of last week were: Associated Services Limited, Honda Atlas Cars, Millat Tractors, International Steels Ltd, Orix Leasing, Pak Tobacco Co, Lucky Cement, Jubilee Life Ins, Colgate Palmolive and The Searle Pak.

Top losers of last week were: Hum Network Ltd, TRG Pakistan Ltd, Muree Brewery Co Ltd, Ghani Glass Ltd, Jah.Sidd. Co., Ferozsons (Lab), B.O.Punjab, Dawood Hercules Chem, Engro Corp and Fauji Fertilizer Co.

Top Volume Leaders of last week: BOP, TRG, KEL, JSCL, SSGC, PIBTL, PTC, SNGP, NBP, NCL, and NUMNL.

The Pakistan Stock Exchange (PSX) market index witnessed volatility on concerns regarding domestic politics and jitters from global monetary policies with profit taking deflating the benchmark index by 1.44%WoW to 39,782pts. KSE-100 index has reached on 39,782 by decreasing -582 points or - 1.44 %.While KSE-30 index has reached on 22,108 by decreasing -446 points or -1.98 %.

According to experts of http://www.karachistockexchange.org, following news have played vital role in Karachi Stock Market index movement:


  • SBP have announced its MPS over the weekend; and keeps the discount rate unchanged
  • The market was under dark clouds in the outgoing week as the wider investor community was spooked amid a heated exchange of statements between Indian and Pakistani leadership
  • Foreign selling continued with outflows for the week at US$16.04mn vs. US$4.49mn in the previous five sessions
  • PIB auction yields remained largely stable with GoP raising PkR219bn
  • WB approved US$390mn loan for Tarbela fifth extension project
  • Current account deficit for 2MFY17 clocked in at US$1.3bn, expanding 92%YoY
  • Mergers and acquisition stories remained the key play in most of the low cap names and even some big ticket items like PTC where rumors were rife regarding Etisalat approaching Zong for sale of its equity stake in the company. Shanghai Electric emerged as the key contender for a controlling stake in KEL while MCB’s planned acquisition of NIB also seems to be heading into a conclusive channel
  • Ministry of Industries and Production decided to seek approval of the ECC for further reduction in urea prices in order to offload 1.5mn tons of stock
  • Political risks remain in place with PTI’s protest set for next week likely keeping investors cautious
  • PKR 1mn penalty imposed on Takaful firm: Protection of interest of policyholders obligatory
  • Fertiliser importers are all set to increase the price of di‐ammonium phosphate (DAP) by Rs300 per 50kg bag as the government has not been able to establish a subsidy mechanism and transfer funds to the importers for three months 
  • More than half a million jobs have been lost in the country in two years due to factory closures, a global news agency reported
  • Mari Petroleum Company Limited (MPCL) has borrowed Rs9 billion from Habib Bank Limited in a bid to accelerate the search for untapped oil and gas deposits in the country, particularly in Sindh and Balochistan 
  • FFC, ENGRO and DAWH cumulatively contributed 216pts to index decline as overall fertilizer sector came under pressure, posting 4% negative return, mainly owing to renewed concerns on urea pricing and inventory levels
  • Pharma exports: Drug regulations to be brought at par with world


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 97.3
Target Price: PKR 120

DG Khan Cement (DGKC) – BUY 
Current Price: PKR 187
Target Price: PKR 230

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 62.3
Target Price: PKR 95

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 138.1
Target Price: PKR 163

Engro Corporation (ENGRO) – BUY
Current Price: PKR 286.7
Target Price: PKR 361

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 33.04
Target Price: PKR 48.68

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 35.6
Target Price: PKR 47

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 52.00
Target Price: PKR 60.48

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 218.4
Target Price: PKR 255

K-Electric (KEL) – BUY
Current Price: PKR 9
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 254.5
Target Price: PKR 353

Lucky Cement (LUCK) – BUY
Current Price: PKR 681.3
Target Price: PKR 755

MCB Bank Limited (MCB) – BUY 
Current Price: PKR 210.2
Target Price: PKR 240

Maple Leaf Cement Factory (MLCF) – BUY 
Current Price: PKR 96.6
Target Price: PKR 123

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 139.4
Target Price: PKR 164

Pak Electron (PAEL) – BUY 
Current Price: PKR 70
Target Price: PKR 83

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 105.1
Target Price: PKR 136

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 159
Target Price: PKR 193.8

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 514.6
Target Price: PKR 661

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 408.5
Target Price: PKR 456

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 18.1
Target Price: PKR 21.9

Tariq Glass (TGL) – BUY 
Current Price: PKR 100.8
Target Price: PKR 136

United Bank Limited (UBL) – BUY 
Current Price: PKR 195.7
Target Price: PKR 235

Thank you very much for reading this article.

NOTE: The information posted in this blog /forum (http://www.karachistockexchange.org/) is based on current affairs & investors point of view. There may be discrepancy in the ground realities.

Written by: Rana Khurram

Pakistan Stock Exchange (PSX) Weekly Analysis 18 Sep, 2016

BUY recommendations are ABL, ASTL, DGKC, EFERT, EFOODS, ENGRO, FATIMA, FCCL, FFBL, HBL, INDU, KEL, KOHC, LUCK, MCB, MLCF, NCPL, NML, OGDC, PAEL, PIOC, PPL, PSMC, PSO, PTC and UBL.

Top gainers of last week were: BOP, FEROZ, SSGC, NATF, ICI.

Top losers of last week were: OGDC, UBL, SCBPL, FML, ASRL.

The Pakistan Stock Exchange (PSX) market index closed to an all-time high during the two-day working week due to Eid holidays, while the next week is likely to show mixed reaction by the investors. The benchmark KSE-100 index saw bearish activity on Thursday that was recovered with a few gains on Friday that resulted in an increase of 0.05 percent, or 23.45 points, during the week to 40,363.68 points against 40,340.23 points last week.

The average traded volume increased by 51 percent to 691 million shares from 457 million shares a day because of investors' interest in small- and mid-cap stocks, while average traded value fell by five percent week-on-week to Rs14 billion.

According to experts of http://www.karachistockexchange.org, following news have played vital role in Karachi Stock Market index movement:


  • During the outgoing week, the market witnessed huge activity in small- and mid-cap stocks that resulted in surge of volumes by more than 60 percent to touch the highest volumes since last 11 years on Friday
  • Foreign Institutional Portfolio Investment (FIPI) recorded an outflow of $5.26 in two days as compared to the outflows of $7.06 million last week
  • Stocks in the oil and gas marketing sector witnessed net buying of $0.9 million during the week; net selling of $1.6$ million was seen in cement stocks
  • Automobile sector was among the top gainers, up 4.4 percent, after the release of auto numbers for August. This was followed by chemicals and pharmaceuticals, which increased 2.4 percent and 1.4 percent, respectively
  • Oil and gas exploration companies and commercial banks were among the losers, as they fell 1.5 percent and 0.8 percent, respectively
  • Pakistan officially became a signatory of the Organization for Economic Cooperation and Development’s (OECD) Multilateral Convention on Mutual Administrative Assistance in Tax Matters aimed at curbing tax evasion
  • Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 1.17 percent on a weekly basis on September 9
  • The SBP’s liquid foreign exchange reserves decreased $211 million to $17.8 billion as compared to $18 billion in the previous week
  • Remittances by overseas Pakistani workers have shown an increase of 15.3 percent year-on-year to $1.8 billion in August
  • In a bid to boost Islamic financing in the country, the central bank amended its regulations to exempt Islamic banks from using interest rate-based benchmarks for some of their financing products
  • The National Electric Power Regulatory Authority (Nepra) granted generation licence to China Power Hub Generation Company for their 1,320MW (660x2) coal-fired plant to be setup in Hub
  • On Friday WorldCall Telecom (WTL) led the volumes with over 114mn shares traded with average price of R2.83


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 96
Target Price: PKR 120

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 66.15
Target Price: PKR 84.0

DG Khan Cement (DGKC) – BUY 
Current Price: PKR 188
Target Price: PKR 230

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 65
Target Price: PKR 95

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 142.92
Target Price: PKR 163

Engro Corporation (ENGRO) – BUY
Current Price: PKR 306
Target Price: PKR 361

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 33.04
Target Price: PKR 48.68

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 37.23
Target Price: PKR 47

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 52.06
Target Price: PKR 60.48

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 225.31
Target Price: PKR 255

K-Electric (KEL) – BUY
Current Price: PKR 9
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 250
Target Price: PKR 353

Lucky Cement (LUCK) – BUY
Current Price: PKR 660
Target Price: PKR 755

MCB Bank Limited (MCB) – BUY 
Current Price: PKR 213
Target Price: PKR 240

Maple Leaf Cement Factory (MLCF) – BUY 
Current Price: PKR 98
Target Price: PKR 123

Nishat Chun Power Lmited (NCPL) – BUY 
Current Price: PKR 56.49
Target Price: PKR 60

Nishat Mills Lmited (NML) – BUY 
Current Price: PKR 131
Target Price: PKR 144.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 139
Target Price: PKR 172

Pak Electron (PAEL) – BUY 
Current Price: PKR 73
Target Price: PKR 83

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 106.75
Target Price: PKR 136

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 160.89
Target Price: PKR 193.8

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 538
Target Price: PKR 661

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 404
Target Price: PKR 456

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 18
Target Price: PKR 21.9

United Bank Limited (UBL) – BUY 
Current Price: PKR 202
Target Price: PKR 235

Thank you very much for reading this article.

NOTE: The information posted in this blog /forum (http://www.karachistockexchange.org/) is based on current affairs & investors point of view. There may be discrepancy in the ground realities.

Written by: Rana Khurram

Pakistan Stock Exchange (PSX) Weekly Analysis 12 Sep, 2016

BUY recommendations are ABL, ASTL, DGKC, EFERT, EFOODS, ENGRO, FATIMA, FCCL, FFBL, HBL, INDU, KEL, KOHC, LUCK, MCB, MLCF, NCPL, NML, OGDC, PAEL, PIOC, PPL, PSMC, PSO, PTC and UBL.

Top gainers of last week were: Associated Services Limited, TRG Pakistan Ltd, B.O.Punjab, Ghani Glass Ltd, Sui South Gas, Indus Motor, Service Indus, Jah.Sidd. Co., Thal Limited and National Foods.

Top losers of last week were: Saif Power Ltd, EFU Life Assur Ltd., Ibrahim Fibres, Pak Tobacco Co, Kohat Cement, Packages Limited, J.D.W.Sugar, Orix Leasing, Engro Fertilizer and Maple Leaf Cem.

Top volume leaders: TRG, DCL, PACE, BOP and DSFL

The Pakistan Stock Exchange (PSX) market index continued to set new highs closing at 40,340 (+2.22%WoW) primarily led by index heavy weights Banks (+4.0%WoW) on expectations of bottoming out interest rates and E&Ps (+2.2%WoW) on higher international oil prices (WTI: +5.2%WoW).  KSE-100 index has reached on 40,340 by increasing 875 points or 2.22 %.While KSE-30 index has reached on 22,755 by increasing 411 points or 1.84 %.

According to experts of http://www.karachistockexchange.org, following news have played vital role in Karachi Stock Market index movement:


  • Foreign participants preferred to offload their holding during the week as the first four days witnessed an outflow of USD4.7mn, while the tally for the month coming in at a negative USD8.94mn
  • Cement stocks continued paring gains in the earlier half of the week, only to see light of day in the second leg driven by value hunting
  • The automobile sector welcomed the listing of LOADS as it was handsomely oversubscribed and clocked in at a price which was 2.26x higher than its floor value
  • The major gainers during the week included mostly third tier stocks as TRG gained 19.41% in the week, followed by BOP that gathered 13.76%, while other notable names included GHGL (↑13.76%), SSGC (↑10.97%), INDU (↑10.11%) and THALL (↑8.66%) 
  • In a landmark decision, the government, on the recommendations of the Securities and Exchange Commission of Pakistan (SECP), has accorded tax neutrality to sukuk by allowing certain tax exemptions that were earlier available only to conventional securitization issues 
  • Russia, Saudi Arabia agree cooperation on oil price, not freeze
  • Bahrain‐based Al Baraka Banking Group, one of the Gulf´s top Islamic banks, said its Pakistani unit would merge with Pakistan´s Burj Bank to create an institution with assets totalling more than $1.1 billion 
  • Sales of refrigerators, deep freezers increase as Eid nears
  • Dewan Farooque Motors to resume production by Oct
  • World Call to buy back Omantel stake in $47mln deal
  • Pakistan’s electricity generation surges 12pc
  • Minister for Planning Development and Reforms Ahsan Iqbal Wednesday said the government planned to launch 5th generation cellular services soon to ensure faster connectivity 
  • Nepra grants licence to Hubco's coal‐fired power project


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 97.0
Target Price: PKR 120.0

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 65.3
Target Price: PKR 84.0

DG Khan Cement (DGKC) – BUY 
Current Price: PKR 191.1
Target Price: PKR 230.0

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 66
Target Price: PKR 95

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 142
Target Price: PKR 163

Engro Corporation (ENGRO) – BUY
Current Price: PKR 303.8
Target Price: PKR 361

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 33.0
Target Price: PKR 48.68

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 37.4
Target Price: PKR 47

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 53
Target Price: PKR 60.48

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 215.9
Target Price: PKR 255

Indus Motors (INDU) – BUY
Current Price: PKR 1156.2
Target Price: PKR 1274,7

K-Electric (KEL) – BUY
Current Price: PKR 8.9
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 261.3
Target Price: PKR 353

Lucky Cement (LUCK) – BUY
Current Price: PKR 656.6
Target Price: PKR 755.0

MCB Bank Limited (MCB) – BUY 
Current Price: PKR 209.6
Target Price: PKR 240

Maple Leaf Cement Factory (MLCF) – BUY 
Current Price: PKR 99.8
Target Price: PKR 123.0

Nishat Chun Power Lmited (NCPL) – BUY 
Current Price: PKR 55.9
Target Price: PKR 60

Nishat Mills Lmited (NML) – BUY 
Current Price: PKR 122.3
Target Price: PKR 144.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 143
Target Price: PKR 172.00

Pak Electron (PAEL) – BUY 
Current Price: PKR 72
Target Price: PKR 83

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 109
Target Price: PKR 136

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 159.7
Target Price: PKR 193.8

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 517.7
Target Price: PKR 661

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 394.1
Target Price: PKR 456

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 17
Target Price: PKR 21.9

United Bank Limited (UBL) – BUY 
Current Price: PKR 200.1
Target Price: PKR 235.0

Thank you very much for reading this article.

NOTE: The information posted in this blog /forum (http://www.karachistockexchange.org/) is based on current affairs & investors point of view. There may be discrepancy in the ground realities.

Written by: Rana Khurram

Pakistan Stock Exchange (PSX) Weekly Analysis 4 Sep, 2016

BUY recommendations are ABL, DGKC, EFERT, EFOODS, ENGRO, FATIMA, FCCL, FFBL, HBL, KEL, KOHC, LUCK, MCB, MLCF, OGDC, PAEL, PIOC, PKGP, PSMC, PSO, PTC, and TGL.

Top gainers of last week were: Muree Brewery Co Ltd, Service Indus, Shell Pakistan, Honda Atlas Cars, Ibrahim Fibres, Thal Limited, Ghani Glass Ltd, Associated Services Limited, Hum Network Ltd and Pak Suzuki Motor.

Top losers of last week were: Ferozsons (Lab), Allied Rental Mod, Indus Dyeing, Pioneer Cement, Maple Leaf Cement, Lucky Cement, Kohat Cement, Cherat Cement, B.O.Punjab and Engro Foods Ltd.

Top ten volume leaders: KEL, TRG, SNGP, BOP, SSGC, PIBTL, NBP, PTC, JSCL, EFOODS and NCL.

The Pakistan Stock Exchange (PSX) market index remained a cliffhanger for markets, coming off of the high water mark of 40K as result announcements were met with a passive reaction from market participants. KSE-100 index has reached on 39,465 by decreasing -462 points or -1.16 %.While KSE-30 index has reached on 22,344 by decreasing -427 points or -1.88 %.

According to experts of http://www.karachistockexchange.org, following news have played vital role in Karachi Stock Market index movement:


  • Average volumes surged by 60% WoW mainly driven by acquisition led stories in KEL and BYCO
  • Foreigners remained net sellers offloaded shares worth USD3.34mn during the outgoing week
  • Pakistani vessel arrested at South African port released
  • Import of RON 92 standard petrol likely to start in November
  • Government raises Rs173bn through T-bills
  • The State Bank of Pakistan (SBP) has announced that it will initiate a survey of Pakistan's Foreign Portfolio Investments Assets in order to meet the international requirements
  • LOADS Limited (LOADS) intends to access the equity markets through an IPO, whereby 50mn shares are on offer making up 40% of the post IPO paid up capital. The shares will be offered in two phases, first through a book building process (35.625mn shares) and later in a general public issue (14.375mn shares)


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 96.0
Target Price: PKR 120.00

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 66.0
Target Price: PKR 83.0

DG Khan Cement (DGKC) – BUY 
Current Price: PKR 192.0
Target Price: PKR 230.0

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 67.4
Target Price: PKR 95

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 137.6
Target Price: PKR 163

Engro Corporation (ENGRO) – BUY
Current Price: PKR 305.5
Target Price: PKR 362

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 33.2
Target Price: PKR 48.68

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 37.4
Target Price: PKR 47

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 52.59
Target Price: PKR 60.48

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 215.9
Target Price: PKR 255

K-Electric (KEL) – BUY
Current Price: PKR 9.0
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 261.3
Target Price: PKR 353

Lucky Cement (LUCK) – BUY
Current Price: PKR 661.4
Target Price: PKR 755.0

MCB Bank Limited (MCB) – BUY 
Current Price: PKR 209.6
Target Price: PKR 240

Maple Leaf Cement Factory (MLCF) – BUY 
Current Price: PKR 101.9
Target Price: PKR 123.0

Nishat Mills (NML) – BUY 
Current Price: PKR 122.3
Target Price: PKR 140.0

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 137.5
Target Price: PKR 172.00

Pak Electron (PAEL) – BUY 
Current Price: PKR 71.0
Target Price: PKR 83

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 71.0
Target Price: PKR 83

Pak Gen Power (PKGP) – BUY 
Current Price: PKR 25.5
Target Price: PKR 41

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 496.5
Target Price: PKR 532

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 394.1
Target Price: PKR 456

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 16.2
Target Price: PKR 21.9

Tariq Glass (TGL) – BUY 
Current Price: PKR 90.5
Target Price: PKR 120

Thank you very much for reading this article.

NOTE: The information posted in this blog /forum (http://www.karachistockexchange.org/) is based on current affairs & investors point of view. There may be discrepancy in the ground realities.

Written by: Rana Khurram

Pakistan Stock Exchange (PSX) Weekly Analysis 29 Aug, 2016

BUY recommendations are ABL, APL, BAHL, EFERT, ENGRO, FATIMA, FCCL, FFBL, HBL, KEL, KOHC, MCB, OGDC, PAEL, PKGP, PSMC, PSO, PTC, and TGL.

Top gainers of last week were: Muree Brewery Co Ltd, International Steels Ltd, Service Indus, Allied Rental Mod, Sui North Gas Pipe., Arif Habib Corp, ICI Pakistan, B.O.Punjab, Punjab Oil and Pak Suzuki Motor.

Top losers of last week were: Habib Metro Bank, Ibrahim Fibres, Shell Pakistan, Shifa International Hospitals, IGI Insurance, Jubilee Gen Ins, Pakgen Power Ltd., EFU Life Assur Ltd., Fatima Fert.Co. and Pak Petroleum.

Top ten volume leaders: KEL, SNGP, TRG, SSGC, BOP, PAEL, NBP, PIBTL, EFERT, JSCL and DGKC.

The Pakistan Stock Exchange (PSX) market index resumed their solid bullish momentum this
week after some profit taking in the previous week amid political uncertainty, pushing the benchmark Index to close at 39,927pts (up 1.08%WoW). KSE-100 index has reached on 39,927 by increasing 428 points or 1.08 %.While KSE-30 index has reached on 22,771 by increasing 205 points or 0.91 %.

According to experts of http://www.karachistockexchange.org, following news have played vital role in Karachi Stock Market index movement:

  • Gains to the index were led by the financials with HBL, MCB, NBP cumulatively adding 140pts with MCB & HBL bouncing back after a slight correction over bland quarterly reading in the previous week, while NBP posted an outstanding quarterly reading significantly outperforming street consensus
  • Other notable index movers were MUREB which rallied on the back of a huge (i.e. 1500% bonus) along with the full year
  • Foreigners remained net buyers mopping up shares worth USD1.9mn during the outgoing week
  • Chinese clean-energy group Golden Concord Holdings Ltd is competing with Shanghai Electric Power Co for control of K-Electric Ltd, the $2.3 billion Pakistani utility, reports China Daily
  • ADB approves $810 million for power transmission system
  • Agreement inked on construction of 870 megawatts hydro power project
  • Violence in the country’s major urban metropolis and the consequential arrests of leaders belonging to a key political party made headlines throughout the week
  • International markets continued the see‐saw ride in crude as local E&P names opened gap down at the start of the week amid dying hopes of any conclusive agreement of an output freeze at the upcoming OPEC meeting
  • Cement sector stocks were in for profit taking in the earlier part of the week followed by an ascent upon release of provisional offtake data that reflected a strong trend in sales
  • The results canvas witnessed steady earnings on part of index heavy OGDC and HUBC as they slightly surpassed estimates, alongside stellar payouts
  • The stateowned companies Oil and Gas Development Company Limited (OGDCL) and Pakistan Petroleum Limited (PPL) are finalizing a joint pilot project to drill shale gas and oil wells in various parts of the country, especially Balochistan, sources said on Monday
  • OGDC has found significant reserves of oil and gas at its Nashpa well 6 and development well 7 in Karak district of Khyber‐Pakhtunkhwa, a statement said on Wednesday
  • Al Baraka Bank has finished due diligence for the proposed merger of Burj Bank thereby paving way for the strengthening of capital bases of both the banks, a central bank official said on Saturday
  • FBR sets Aug 31 deadline for salaried tax return
  • Government finalizes subsidies on urea and DAP
  • SSGC in its plan submitted to the OGDC, said the company will spend PkR118.5bn on several of its ongoing and new projects for improving and upgrading its transmission and distribu􀆟on network, including RLNG transmission projects over the next 5yr
  • Meeting of the Drug Pricing Committee (DPC) summoned on Aug 30’16, where Pharmaceu􀆟cal companies have appealed to the government to increase the prices of various medicines by 2x‐8x
Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY
Current Price: PKR 96.3
Target Price: PKR 120.00 

Attock Petroleum (APL) – BUY
Current Price: PKR 513.15
Target Price: PKR 580


Amreli Steels Limited (ASTL) – BUY
Current Price: PKR 51.5
Target Price: PKR 83.0

Bank Al-Habib (BAHL) – BUY
Current Price: PKR 43.49
Target Price: PKR 68

ENGRO Fertilizer Limited (EFERT) – BUY
Current Price: PKR 67.5
Target Price: PKR 95

Engro Corporation (ENGRO) – BUY
Current Price: PKR 307.9
Target Price: PKR 362

Fatima Fertilizer (FATIMA) – BUY
Current Price: PKR 33.00
Target Price: PKR 48.68

Fauji Cement Company Limited (FCCL) – BUY
Current Price: PKR 38.3
Target Price: PKR 47

Fauji Fert Bin Qasim (FFBL) – BUY
Current Price: PKR 52.91
Target Price: PKR 60.48

Habib Bank Limited (HBL) – BUY
Current Price: PKR 220
Target Price: PKR 255

K-Electric (KEL) – BUY
Current Price: PKR 8.9
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 278.3
Target Price: PKR 353

MCB Bank Limited (MCB) – BUY
Current Price: PKR 213.69
Target Price: PKR 240

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 142.18
Target Price: PKR 172.00

Pak Electron (PAEL) – BUY
Current Price: PKR 73.0
Target Price: PKR 83

Pak Gen Power (PKGP) – BUY
Current Price: PKR 25.3
Target Price: PKR 41

Pak Suzuki Motors (PSMC) – BUY
Current Price: PKR 468.89
Target Price: PKR 532

Pakistan State Oil (PSO) – BUY
Current Price: PKR 402
Target Price: PKR 456

Pakistan Telecommunications (PTC) – BUY
Current Price: PKR 16.1
Target Price: PKR 21.9

Tariq Glass (TGL) – BUY
Current Price: PKR 92.6
Target Price: PKR 120

Thank you very much for reading this article.

NOTE: The information posted in this blog /forum (http://www.karachistockexchange.org/) is based on current affairs & investors point of view. There may be discrepancy in the ground realities.

Written by: Rana Khurram

Pakistan Stock Exchange (PSX) Weekly Analysis 22 Aug, 2016

BUY recommendations are ABL, APL, BAFL, BAHL, EFERT, ENGRO, FATIMA, FCCL, HBL, KEL, KOHC, MCB, OGDC, PAEL, PKGP, PPL, PSMC, PSO, PTC, and TGL.

Top gainers of last week were: Punjab Oil, National Foods, Attock Refinery Ltd., Meezan Bank, Kot Addu Power Co., Pak Services, Allied Bank, Pak Oilfields, Pak Suzuki Motor and TRG Pakistan Ltd.

Top losers of last week were: Engro Corp, Allied Rental Mod, Dawood Hercules Chem, Indus Dyeing, Stand.Chart.Bank, Bank AL‐Habib, Ferozsons (Lab), Hub Power, Maple Leaf Cem. and Sui North Gas Pipe.

Top ten volume leaders: KEL, TRG, PAEL, SSGC, SNGP, BOP, NCL, BOP, PIBTL, EFERT, ATRL and ENGRO.

The Pakistan Stock Exchange (PSX) market witnessed profit taking during the outgoing week after crossing 40,000pts mark. KSE-100 index has reached on 39,499 by decreasing -409 points or -1.02 %.While KSE-30 index has reached on 22,566 by increasing -321 points or 1.40 %.

According to experts of http://www.karachistockexchange.org, following news have played vital role in Karachi Stock Market index movement:

  • Cements (down 0.7% WoW on increasing coal prices and strong price run during 2016TD)
  • Fertilizers (down 2.6% WoW on increasingly weak outlook)
  • Banks (down 2.0% WoW on continuous foreign selling)
  • Gas Utilities (down 3.1% WoW after strong price run up) witnessing correction at high levels
  • A good chunk of volumes can also be attributed to continued buying interest in K-Electric (KEL) on rumors of potential stake acquisition by Chinese investors
  • KAPCO (+5.1%) emerged as star performer on expectations of clarity on PPA extension prior to its secondary public offering (SPO), contributing 36ppts to the index, moreover E&Ps (PPL, POL, OGDC) trekked rising international oil prices cumulatively contributing 91pts
  • Foreigners remained net sellers during the week, offloading USD 18mn worth of shares during the outgoing week
  • Volumes were mostly churned in retail darlings led by KEL, the Dewan triplets, TRG and PAEL as day traders and punters flocked to these stocks
  • Result announcements of big ticket names mostly led to profit booking as index heavy PSO, ENGRO and HBL all gave in to selling pressure
  • Islamic banks have emerged as lead financiers of housing projects at a time when conventional banks struggle to raise deposits for long‐term maturity leading to low lending levels
  • Economic Coordination Committee (ECC) of the Cabinet on Thursday approved the sale of imported urea available at the National Fertilizer Marketing Limited (NFML) at Rs 1310 per 50 kg bag on the recommendations of Finance Ministry

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY
Current Price: PKR 97.6
Target Price: PKR 120.00 

Attock Petroleum (APL) – BUY
Current Price: PKR 514.29
Target Price: PKR 580

Bank Al-Falah (BAFL) – BUY
Current Price: PKR 29.0
Target Price: PKR 33

Bank Al-Habib (BAHL) – BUY
Current Price: PKR 43.0
Target Price: PKR 68

ENGRO Fertilizer Limited (EFERT) – BUY
Current Price: PKR 67.6
Target Price: PKR 95

Engro Corporation (ENGRO) – BUY
Current Price: PKR 310.8
Target Price: PKR 362

Fatima Fertilizer (FATIMA) – BUY
Current Price: PKR 33.79
Target Price: PKR 48.68

Fauji Cement Company Limited (FCCL) – BUY
Current Price: PKR 37.4
Target Price: PKR 47

Habib Bank Limited (HBL) – BUY
Current Price: PKR 214.9
Target Price: PKR 255

K-Electric (KEL) – BUY
Current Price: PKR 8.7
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 278.7
Target Price: PKR 353

MCB Bank Limited (MCB) – BUY
Current Price: PKR 208.5
Target Price: PKR 240

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 141.88
Target Price: PKR 172.00

Pak Electron (PAEL) – BUY
Current Price: PKR 73.8
Target Price: PKR 83

Pak Gen Power (PKGP) – BUY
Current Price: PKR 26.0
Target Price: PKR 41

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 168.0
Target Price: PKR 193.8

Pak Suzuki Motors (PSMC) – BUY
Current Price: PKR 445.2
Target Price: PKR 532

Pakistan State Oil (PSO) – BUY
Current Price: PKR 405.4
Target Price: PKR 456

Pakistan Telecommunications (PTC) – BUY
Current Price: PKR 15.6
Target Price: PKR 21.9

Tariq Glass (TGL) – BUY
Current Price: PKR 86.5
Target Price: PKR 120

Thank you very much for reading this article.

NOTE: The information posted in this blog /forum (http://www.karachistockexchange.org/) is based on current affairs & investors point of view. There may be discrepancy in the ground realities.

Written by: Rana Khurram

Pakistan Stock Exchange (PSX) Weekly Analysis 14 Aug, 2016

BUY recommendations are ABL, APL, ASTL, BAFL, BAHL, DGKC, EFERT, ENGRO, FATIMA, FCCL, HBL, KEL, KOHC, MCB, OGDC, PAEL, PKGP, PPL, PSMC, PSO, PTC, and TGL.

Top gainers of last week were: EFU General Ins, Bannu Woollen, United Bank, Attock Petroleum, B.O.Punjab, Honda Atlas Cars, Pak Oilfields, Habib Metro Bank, Faysal Bank, International Steels Ltd.

Top losers of last week were: Feroz 1888 Mills Ltd, P.T.C.L.A, Kohinoor Textile, Pak Tobacco Co, MCB Bank Ltd, IGI Insurance, Soneri Bank, EFU Life Assur Ltd., Jah.Sidd.Co., Nishat Chunian.

Top ten volume leaders: KEL, BOP, EFERT, SSGC, PAEL, SNGP, JSCL TRG, PTC, BAFL and UBL.

The Pakistan Stock Exchange (PSX) market remained bullish during the week briefly crossing the psychological barrier of 40,000 during intraday on Friday however profit taking during the last few hours of the trading session paired the gains as market closed at 39,908pts, up 1.2% WoW. KSE-100 index has reached on 39,908 by increasing 518 points or 1.31 %.While KSE-30 index has reached on 22,887 by increasing 324 points or 1.43 %.

Average daily volumes witnessed a 18% increase, clocking in at 265.1 million shares. On the other hand, average daily values climbed 5%, to Rs11.4 billion/$109.3 million. Foreigners remained net sellers during the week, offloading $1.0 million worth of shares during the outgoing week.

According to experts of http://www.karachistockexchange.org, following news have played vital role in Karachi Stock Market index movement:

  • Oils gained on the back of international prices going up and local giants such as Pakistan Petroleum Limited (+4.9%) and Oil and Gas Development Limited (+3.0%) contributing 70 points and 49 points, respectively. The sector overall was up 3.7%
  • Banks contributed mainly on the back of institutional buying as reactions on corporate results. UBL (+8.1%) emerged as a key performer during the week, contributing 144 points to the index with continued exuberance post its 1H2016 financial results that outperformed market consensus. HBL also (+3.3%) tagged along with overall gains in the sector (+2.5%)
  • Cement sector gained 2.3% week-on-week as it reacted positively to better than expected off-take numbers
  • Increased activity was also witnessed in auto sector on the back of monthly car sales data and yen’s movement
  • The mergers and acquisitions canvas was bursting with excitement as MCB/NIB deal and KEL’s acquisition remained at the heart of the rumour mill
  • One of the most active stocks of the week was K-Electric (KEL) as it dominated the volume charts. KEL was a major contributor towards the traded volume especially on Thursday as rumour of its acquisition by Shanghai Electric and Engro Corporation were making rounds
  • Remittances plunged 20% in July
  • Banking transactions 0.4% WHT applicable till 31’Aug-16 
  • Cement sales jump 12.38% in July
  • Oil sales grow by a 10-yr high of 22% in July
  • Dewan Farooq Motors Ltd (DFML) has applied for revival of their plant situated in Sujawal under the incentives given for revival of closed units in the Automotive Development Policy (ADP) 2016 ‐ 21
  • PSO, the country's biggest oil marketing firm, imported 42 cargos carrying 133,307,087mmbtu of LNG since Mar'15 to meet growing energy requirements

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY
Current Price: PKR 93.52
Target Price: PKR 135.00 

Attock Petroleum (APL) – BUY
Current Price: PKR 500.73
Target Price: PKR 580

Amreli Steels Ltd. (ASTL) – BUY
Current Price: PKR 56.0
Target Price: PKR 83.0

Bank Al-Falah (BAFL) – BUY
Current Price: PKR 29.45
Target Price: PKR 32

Bank Al-Habib (BAHL) – BUY
Current Price: PKR 44.85
Target Price: PKR 68

DG Khan Cement (DGKC) – BUY
Current Price: PKR 206.28
Target Price: PKR 237.0

ENGRO Fertilizer Limited (EFERT) – BUY
Current Price: PKR 69.21
Target Price: PKR 95

Engro Corporation (ENGRO) – BUY
Current Price: PKR 334.84
Target Price: PKR 362

Fatima Fertilizer (FATIMA) – BUY
Current Price: PKR 34.61
Target Price: PKR 41

Fauji Cement Company Limited (FCCL) – BUY
Current Price: PKR 38.54
Target Price: PKR 47

Habib Bank Limited (HBL) – BUY
Current Price: PKR 225.35
Target Price: PKR 255

K-Electric (KEL) – BUY
Current Price: PKR 8.7
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 268.36
Target Price: PKR 353

MCB Bank Limited (MCB) – BUY
Current Price: PKR 215.04
Target Price: PKR 268

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 139.49
Target Price: PKR 160.00

Pak Electron (PAEL) – BUY
Current Price: PKR 73.89
Target Price: PKR 83

Pak Gen Power (PKGP) – BUY
Current Price: PKR 25.5
Target Price: PKR 41

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 164.24
Target Price: PKR 193.8

Pak Suzuki Motors (PSMC) – BUY
Current Price: PKR 430.39
Target Price: PKR 532

Pakistan State Oil (PSO) – BUY
Current Price: PKR 411.36
Target Price: PKR 456

Pakistan Telecommunications (PTC) – BUY
Current Price: PKR 15.2
Target Price: PKR 21.9

Tariq Glass (TGL) – BUY
Current Price: PKR 89.52
Target Price: PKR 120

Thank you very much for reading this article.

NOTE: The information posted in this blog /forum (http://www.karachistockexchange.org/) is based on current affairs & investors point of view. There may be discrepancy in the ground realities.

Written by: Rana Khurram

Pakistan Stock Exchange (PSX) Weekly Analysis 7 Aug, 2016

BUY recommendations are ABL, APL, ASTL, BAFL, BAHL, DGKC, EFERT, ENGRO, FATIMA, FCCL, HBL, KEL, KOHC, MCB, NCPL, OGDC, PAEL, PKGP, PPL, PSMC, PSO, PTC, TGL and UBL.

Top gainers of last week were: International Steels Ltd, Pak Suzuki Motor, IGI Insurance, Muree Brewery Co Ltd, Thal Limited, Cherat Packaging, Saif Power Ltd, Bank Al‐Falah, K‐Electric and Ibrahim Fibres.

Top losers of last week were: Lucky Cement, Pak Tobacco Co, Allied Rental Mod, Pioneer Cement, Stand.Chart.Bank, Maple Leaf Cem., Pak.Int.Con.Ter., Kohat Cement, Kot Addu Power Co. and Kohinoor Textile.

Top ten volume leaders: KEL, SNGP, TRG, EFERT, JSCL, PAEL, NCL, SSGC, BOP, PTC, and FCCL.

The Pakistan Stock Exchange (PSX) market persisted on its bullish spell testing the coveted 40k territory, despite of lower volumes and limited participation from HNWI’s and cautious institutional players. KSE-100 index has reached on 39,390 by decreasing -139 points or -0.35 %.While KSE-30 index has reached on 22,563 by decreasing -180 points or -0.79 %.

According to experts of http://www.karachistockexchange.org, following news have played vital role in Karachi Stock Market index movement:

  • SBP keeps policy rate unchanged at 5.75% citing inflation fears
  • The central bank’s decision to keep the benchmark interest rates unchanged did spur a short‐lived rally in banking and financial stocks, while E&P names closely tracked international crude prices
  • Savvy investors are also keeping an eye out for planned protests by opposition parties on the weekend
  • The release of fertilizer numbers failed to jump start the sector despite of showing signs of steady recovery
  • Government of Pakistan will extend export rebate of PKR11.3bn to the private sector on export of 0.9MT of wheat in the regional and international markets to be equally shared by the federal and provincial  government
  • Prices of packaged milk and sugar have gone up by PKR5/litre and PKR2/kg respectively
  • EU has urged the GoP to remove the 25% RD on import of milk powder, which has hurt the export of this product. The ambassadors argued that since Pakistan enjoys GSP Plus status in exporting its products to the EU, the government should avoid such curbs on EU products as well
  • PSMC announced an increase in prices of all its car models by 3% or PKR20,000–30,000 per unit from August 1, 2016. The company did not mention a reason for the price hike
  • Foreigners were net sellers of US$3.9mn worth of shares, during the week
  • The International Monetary Fund (IMF) cleared payment to Pakistan of a final US$102mn tranche in a US$6.4bn three-year program on Thursday, Aug 4, 2016

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY
Current Price: PKR 91.00
Target Price: PKR 135.00 

Attock Petroleum (APL) – BUY
Current Price: PKR 469.00
Target Price: PKR 580

Amreli Steels Ltd. (ASTL) – BUY
Current Price: PKR 56.0
Target Price: PKR 83.0

Bank Al-Falah (BAFL) – BUY
Current Price: PKR 28.9
Target Price: PKR 32

Bank Al-Habib (BAHL) – BUY
Current Price: PKR 43.87
Target Price: PKR 68

DG Khan Cement (DGKC) – BUY
Current Price: PKR 206
Target Price: PKR 237.0

ENGRO Fertilizer Limited (EFERT) – BUY
Current Price: PKR 67.73
Target Price: PKR 95

Engro Corporation (ENGRO) – BUY
Current Price: PKR 330
Target Price: PKR 362

Fatima Fertilizer (FATIMA) – BUY
Current Price: PKR 34.52
Target Price: PKR 41

Fauji Cement Company Limited (FCCL) – BUY
Current Price: PKR 37.9
Target Price: PKR 47

Habib Bank Limited (HBL) – BUY
Current Price: PKR 214.9
Target Price: PKR 255

K-Electric (KEL) – BUY
Current Price: PKR 8.7
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 265.9
Target Price: PKR 353

MCB Bank Limited (MCB) – BUY
Current Price: PKR 222
Target Price: PKR 268

Nishat Chun Powerr (NCPL) – BUY
Current Price: PKR 54.41
Target Price: PKR 63

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 135.44
Target Price: PKR 160.00

Pak Electron (PAEL) – BUY
Current Price: PKR 72.3
Target Price: PKR 83

Pak Gen Power (PKGP) – BUY
Current Price: PKR 25.5
Target Price: PKR 41

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 156.5
Target Price: PKR 193.8

Pak Suzuki Motors (PSMC) – BUY
Current Price: PKR 432.85
Target Price: PKR 532

Pakistan State Oil (PSO) – BUY
Current Price: PKR 411.8
Target Price: PKR 456

Pakistan Telecommunications (PTC) – BUY
Current Price: PKR 16.4
Target Price: PKR 21.9

Tariq Glass (TGL) – BUY
Current Price: PKR 89.6
Target Price: PKR 120

United Bank Ltd (UBL) – BUY
Current Price: PKR 191
Target Price: PKR 212

Thank you very much for reading this article.

NOTE: The information posted in this blog /forum (http://www.karachistockexchange.org/) is based on current affairs & investors point of view. There may be discrepancy in the ground realities.

Written by: Rana Khurram

Companies Result Jul - Aug, 2016

ENGRO POLYMER & CHEMICALS LTD (EPCL)
Profit/Loss (million): 21.138 
Bonus/Div: NIL

Mehran Sugar (MRNS)

Profit/Loss (million): 114.625
Bonus/Div: 15.00%

ANSARI SUGAR (ANSM)

Profit/Loss (million): (97.862)
Bonus/Div: NIL

HASEEB WAQAS SUGAR (HWQS)

Profit/Loss (million): (130.955)
Bonus/Div: NIL

ARIF HABIB LIMITED (AHL)

Profit/Loss (million): 128.69766
Bonus/Div: 70%

SECURITY PAPERS (SEPL)

Profit/Loss (million): 79.40304
Bonus/Div: 75%

Tandlianwala Sugar Mills Limited (TSML)

Profit/Loss (million): 20.442 
Bonus/Div: NIL

ENGRO FOODS LIMITED (EFOODS)

Profit/Loss (million): 853.273
Bonus/Div: NIL

NOON SUGAR (NONS)

Profit/Loss (million): 60.326 
Bonus/Div: NIL

IMPERIAL SUGAR MILL (FORMALY CSUML) (IMSL)

Profit/Loss (million): (51.025)
Bonus/Div: NIL

SAKRAND SUGAR (SKRS)

Profit/Loss (million): (69.144)
Bonus/Div: NIL

AL-ABBAS SUGAR (AABS)

Profit/Loss (million): 208.837 
Bonus/Div: NIL

ATLAS HONDA (ATLH)

Profit/Loss (million): 850.445 
Bonus/Div: NIL

BABA FARID SUGAR (BAFS)

Profit/Loss (million): 3.494 
Bonus/Div: NIL

Faran Sugar (FRSM)

Profit/Loss (million): 87.678 
Bonus/Div: NIL

Colgate Palmolives (COLG)

Profit/Loss (million): 1484.718 
Bonus/Div: 300.00%

Jauharabad Sugar Mills Limited (JSML)

Profit/Loss (million): 0.452 
Bonus/Div: NIL

Pak Suzuki Motor Company Limited (PSMC)

Profit/Loss (million): 487.846 
Bonus/Div: NIL

Exide Pakistan (EXIDE)

Profit/Loss (million): 275.155 
Bonus/Div: NIL

Archroma Pakistan Limited (ARPL)

Profit/Loss (million): 255.637 
Bonus/Div: NIL

PAKISTAN TOBACCO (PAKT)

Profit/Loss (million): 4258.022 
Bonus/Div: 60%

KHAIRPUR SUGAR (KPUS)

Profit/Loss (million): 24.802 
Bonus/Div: NIL

MITCHELL  FRUIT FARMS (MFFL)

Profit/Loss (million): 7.272 
Bonus/Div: NIL

Al-Noor Sugar (ALNRS)

Profit/Loss (million): (66.684)
Bonus/Div: NIL

Adam Sugar (ADAMS)

Profit/Loss (million): 2.423
Bonus/Div: NIL

CHASHMA SUGAR (CHAS)

Profit/Loss (million): 73.462 
Bonus/Div: NIL

Shahtaj Sugar (SHJS)

Profit/Loss (million): 166.34
Bonus/Div: NIL

PREMIER SUGAR (PMRS)

Profit/Loss (million): (122.216)
Bonus/Div: NIL

HUSEIN SUGAR (HUSS)

Profit/Loss (million): 24.661 
Bonus/Div: NIL

SYNTHETIC PRODUCT ENTERPRISE LIMITED (SPEL)

Profit/Loss (million): 142.324
Bonus/Div: 10%

J.D.W Sugar (JDWS)

Profit/Loss (million): 535.144 
Bonus/Div: 30.00%

UNITED BANK LIMITED (UBL)

Profit/Loss (million): 6994.936
Bonus/Div: 30.00%

HONDA ATLAS CARS (HCAR)

Profit/Loss (million): 1050.748
Bonus/Div: NIL

FAUJI FERTILIZER BIN QASIM (FFBL)

Profit/Loss (million): (381.066)
Bonus/Div: NIL

FAUJI FOODS Formely NOPK (FFL)

Profit/Loss (million): (246.136)
Bonus/Div: NIL

Thal Industries (TICL)

Profit/Loss (million): 199.313 
Bonus/Div: NIL

SHAHMURAD SUGAR (SHSML)

Profit/Loss (million): 52.815 
Bonus/Div: NIL

SANHAR SUGAR (SANSM)

Profit/Loss (million): (0.440)
Bonus/Div: NIL

Sind Abadgar Sugar (SASML)

Profit/Loss (million): 77.277 
Bonus/Div: NIL

HINO (HINO)

Profit/Loss (million): 73.539
Bonus/Div: NIL

SIEMENS ENGINEERING (SIEM)

Profit/Loss (million): (258.945)
Bonus/Div: NIL

Pakistan Stock Exchange (PSX) Weekly Analysis 1 Aug, 2016

BUY recommendations are ABL, APL, ASTL, BAFL, BAHL, DGKC, EFERT, ENGRO, FATIMA, FCCL, HBL, INDU, KEL, KOHC, MCB, NBP, NCPL, NPL, OGDC, PAEL, PIOC, PPL, PSMC, PSO, PTC and UBL.

Top gainers of last week were: Feroze1888, Shell Pakistan, Gul Ahmed Textile Mills, Nishat (Chunian) Limited, Pak Services and Lucky Cement, NML, and ABL.

Top losers of last week were: Associated Services  Limited,  Pakistan Oilfields,  Pak  Suzuki  Motors,  Lalpir  Power  Limited,  PPL, OGDC, EPCL, and  International  Steel.

Top ten volume leaders: DCL, AGL, SNGP, DFML, BYCO, PIBTL and TRG.

The Pakistan Stock Exchange (PSX) market index gained 1.36% WoW closing at 39,685pts (up 533pts) with volumes increasing 4% WoW, with the benchmark index closing the month 4.62% (up 1,745pts). KSE-100 index has reached on 39,529 by increasing 377 points or 0.96%.While KSE-30 index has reached on 22,743 by increasing 113 points or 0.50%.

Volumes tapered slightly during the week to avg. at 182mn shares vs. 207.1mn for the previous week. Foreign participation however improved with inflows of US$10.94mn compared to outflows of US$11.5mn last week.

According to experts of http://www.karachistockexchange.org, following news have played vital role in Karachi Stock Market index movement:

  • SBP keeps interest rate unchanged at 5.75% in the announcement of Monetary Policy
  • The Foreign Institutional Portfolio Investment (FIPI) witnessed an inflow of US$10.94mn during the week vs US$11.49mn outflow last week, whereas the average volume traded changed by -11.7% WoW and the value of shares traded decreased by 20.6% WoW
  • The Government of Pakistan and IMF commenced staff level discussions for the twelfth and last review under the EFF program
  • Pakistan and Russia to start negotiations for laying 1,100km LNG pipeline with an estimated cost of US$2bn next week where first phase of the project is planned for completion by Dec’17
  • ECC allowed BAFL to remit US$27.2mn to set up branch in UAE
  • DRAP approved price increments for scheduled drugs, non‐scheduled drugs and lower priced drugs by 1.43%, 2.02% and 2.86% respectively under the Drug Pricing Policy
  • Mari Petroleum’s Managing Director stated that the company plans to establish a 400MW power plant at Dharki/Sadiqabad with an estimated cost of US$400mn
  • Earnings season is likely to be the guiding factor over the near term with key results likely to be announced in the coming month. On the global front, further decline in int’l crude oil prices can keep pressure on the Oil & Gas sector

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY
Current Price: PKR 89.3
Target Price: PKR 135.00 

Attock Petroleum (APL) – BUY
Current Price: PKR 477.3
Target Price: PKR 580

Amreli Steels Ltd. (ASTL) – BUY
Current Price: PKR 55.4
Target Price: PKR 83.0

Bank Al-Falah (BAFL) – BUY
Current Price: PKR 27.3
Target Price: PKR 32

Bank Al-Habib (BAHL) – BUY
Current Price: PKR 44
Target Price: PKR 68

DG Khan Cement (DGKC) – BUY
Current Price: PKR 210
Target Price: PKR 237.0

ENGRO Fertilizer Limited (EFERT) – BUY
Current Price: PKR 68.6
Target Price: PKR 95

Engro Corporation (ENGRO) – BUY
Current Price: PKR 335
Target Price: PKR 362

Fatima Fertilizer (FATIMA) – BUY
Current Price: PKR 33.2
Target Price: PKR 41

Fauji Cement Company Limited (FCCL) – BUY
Current Price: PKR 37.7
Target Price: PKR 47

Habib Bank Limited (HBL) – BUY
Current Price: PKR 217.5
Target Price: PKR 255

Indus Motor (INDU) – BUY
Current Price: PKR 1,086
Target Price: PKR 1109.67

K-Electric (KEL) – BUY
Current Price: PKR 8.2
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 276.2
Target Price: PKR 353

MCB Bank Limited (MCB) – BUY
Current Price: PKR 221
Target Price: PKR 268

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 136.5
Target Price: PKR 160.00

Pak Electron (PAEL) – BUY
Current Price: PKR 71.7
Target Price: PKR 83

Pak Gen Power (PKGP) – BUY
Current Price: PKR 25.4
Target Price: PKR 41

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 157.2
Target Price: PKR 193.8

Pak Suzuki Motors (PSMC) – BUY
Current Price: PKR 401.6
Target Price: PKR 532

Pakistan State Oil (PSO) – BUY
Current Price: PKR 417.1
Target Price: PKR 456

Pakistan Telecommunications (PTC) – BUY
Current Price: PKR 16.5
Target Price: PKR 21.9

Tariq Glass (TGL) – BUY
Current Price: PKR 83.2
Target Price: PKR 120

United Bank Ltd (UBL) – BUY
Current Price: PKR 185
Target Price: PKR 212

Thank you very much for reading this article.

NOTE: The information posted in this blog /forum (http://www.karachistockexchange.org/) is based on current affairs & investors point of view. There may be discrepancy in the ground realities.

Written by: Rana Khurram