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

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

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

Top gainers of last week were: Larpir Power Ltd, Sui South Gas, Nishat Chunian, Thal Limited, Pak Suzuki Motor, Shifa International Hospitals, Pakgen Power Ltd., National Refinery, Sui North Gas Pipe. and National Bank of Pak.
   
Top losers of last week were: Ibrahim Fibres, Feroz 1888 Mills Ltd, Fauji Fert Bin, IGI Insurance, Dawood Hercules Chem, GlaxoSmithKline Pak., Punjab Oil, Bannu Woollen, Pak Tobacco Co and Hascol Petroleum Ltd.

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

The Pakistan Stock Exchange (PSX) market broadly remained flat and skidded down by meager 0.1% WoW (↓37pts) to close at 39,151pts. KSE-100 index has reached 39,152 points by losing -36 points or -0.09%, while KSE-30 index has reached 22,630 points by losing -91 points or -0.40%.

Average daily volumes witnessed a 7% rise, with volumes clocking in at 207.1mn shares, on the other hand, average daily values fell 8%, to Rs13.2bn/US$125.7mn.

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


  • SECP has formally sent the final draft of the Companies Bill, 2016 to the MoF for initiating necessary legislative process and its passage by the Parliament
  • Textile exports went down by one billion dollars during last financial year due to massive decline in cotton crop production and slowdown in the economy of China pushing Pakistan's exported textile goods to US$12.45bn during FY16
  • Foreigners were net sellers of US$11.5mn worth of shares this week
  • According to SBP, Foreign Direct Investment (FDI) clocked in at US$1.3bn, witnessing 39% YoY increase
  • According to Pakistan Bureau of Statistics (PBS), Large Scale Manufacturing (is down 1.5% YoY in May 2016
  • Federal Board of Revenue (FBR) and Real Estate sector on Thursday agreed on withdrawal of new valuation system for assessment of immovable properties under Finance Act 2016 and a possible applicability of a joint multiple table for fair market values of urban and rural properties by the FBR and real estate sector
  • The results season kicked‐off with index blue chip PTC announcing earnings and payout that were in line with street estimates
  • PPL, the operator of Gambit South Exploration License holding a 65%working interest, that hydrocarbon (gas) was discovered from its exploratory well Hadi X‐1A, located in district Sanghar, Sindh 
  • Cotton yarn prices up 25% to PKR11,500/bag
  • Import of used cars surge 67% to 53,600 in 2015/16


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 87.0
Target Price: PKR 120.00

Attock Petroleum (APL) – BUY 
Current Price: PKR 468.4
Target Price: PKR 580

Amerli Steel (ASTL) – BUY 
Current Price: PKR 56.2
Target Price: PKR 83.0

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 26.6
Target Price: PKR 32

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 42.28
Target Price: PKR 68

DG Khan Cement (DGKC) – BUY 
Current Price: PKR 207
Target Price: PKR 237.0

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 68.6
Target Price: PKR 91

Engro Corporation (ENGRO) – BUY
Current Price: PKR 331.0
Target Price: PKR 362.00

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 34.2
Target Price: PKR 41

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 38.0
Target Price: PKR 47.0

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 208.2
Target Price: PKR 233.54

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

Kohat Cement (KOHC) – BUY
Current Price: PKR 277.0
Target Price: PKR 353

MCB Bank Limited (MCB) – BUY 
Current Price: PKR 221.98
Target Price: PKR 268

Nishat Chun Power (NCPL) – BUY 
Current Price: PKR 53.64
Target Price: PKR 63

Nishat Mills (NML) – BUY 
Current Price: PKR 115.0
Target Price: PKR 140

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 143.10
Target Price: PKR 160.00

Pak Electron (PAEL) – BUY 
Current Price: PKR 69.9
Target Price: PKR 83

Pakgen Power Limited (PKGP) – BUY 
Current Price: PKR 26.0
Target Price: PKR 41.0

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 433.2
Target Price: PKR 532

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 411.6
Target Price: PKR 450

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 15.9
Target Price: PKR 21.0

Tariq Glass (TGL) – BUY 
Current Price: PKR 82.4
Target Price: PKR 120

United Bank Ltd (UBL) – BUY 
Current Price: PKR 180.00
Target Price: PKR 212.00

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 July, 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: Hascol Petroleum Ltd, Indus Motor, Bannu Woollen, International Steels Ltd, Associated Services Limited, Pioneer Cement, IGI Insurance, GlaxoSmithKline Pak., Packages Limited and Hum Network Ltd.

Top losers of last week were: Feroz 1888 Mills Ltd, Pak Tobacco Co, Rafhan Maize Prod., Engro Foods Ltd, Stand.Chart.Bank, Larpir Power Ltd, Orix Leasing, Muree Brewery Co Ltd, Saif Power Ltd and Habib Metro Bank.

Top ten volume leaders: KEL, SNGP, EFERT, TRG, PAEL, FCCL, PTC, FFBL, PIBTL, EFOODS and JSCL.

The Pakistan Stock Exchange (PSX) market registered an increase of 3.2% WoW (↑1,222pts) consolidating at new highs as broad based surge plays out at the helm of recent MSCI upgrade . KSE-100 index has reached on 39,188 by increasing 1404 points or 3.72%. While KSE-30 index has reached on 22,721 by increasing 1068 points or 4.93%.

Increased activity resulted in 35% rise in average daily volume to 193.8mn shares while average daily value rose 73% to Rs14.3bn/US$136.4mn.

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

  • The return of Prime Minister Nawaz Sharif gave much needed confidence to business circles reassuring continuity of order at the helm and quashing rumors suggesting otherwise
  • Fears over Brexit and a global economic slowdown subsided with local mutual funds as well as foreigners’ buying provided support to the market
  • Key sectors of the week consumers, pharmaceuticals and cements outperformed the benchmark KSE-100 index amidst positive news flows whereas banks, fertilisers and foods underperformed
  • Oil and gas marketing and exploration companies came in the limelight driven by impressive oil products sales numbers as sales grew by 5% to 23.37 million tons in FY16 and well discoveries
  • Auto sales also increased by 20% year-on-year in FY16 led by a sharp increase of 28% in sales for Pak Suzuki Motor and continued strength in Toyota sales. The loss in the value of yen also provided some much-needed support to the auto sector that suffered over Brexit fears
  • Foreign Institutional Portfolio Investment (FIPI) witnessed an inflow of $21.4 million during the week vs $1.19 million outflow last week
  • Interloop Limited, one of the world’s largest socks manufacturer, has poured Rs2 billion into the dairy business and set up a new company named Interloop Dairies Limited. It is going to launch its milk brand next year
  • The federal government has introduced a tax reduction of 2 per cent for Shariah-compliant listed companies through Finance Act 2016.The tax rebate, introduced on the suggestion of the Securities and Exchange Commission of Pakistan (SECP), is part of reforms being introduced for elimination of Riba and for promotion and development of Islamic capital market
  • EFOODS continued to bleed value as its deal finalized at a price much lower than street expectations
  • MOL, the operator of Tal block in the Khyber Pakhtunkhwa, has encountered hydrocarbons in development well Makori East‐5, Pakistan Oilfields Limited that has pre‐commerciality working interest of 21 per cent in Tal block stated in a stock filing on Monday.Other stakeholders include OGDC and Pakistan Petroleum with 28pc each
  • Sales of automobiles increased 19 percent to 1.626 million vehicles in the last fiscal year of 2015/16, industry data showed on Wednesday, as the soft interest rate whetted appetite for cars
  • Lucky Cement Limited, a Pakistan’s leading cement maker, will invest $200 million to set up a new plant in Chakwal
  • Privatisation Commission approved offloading of the government's remaining 40.25% stake in KAPCO, where Expressions of Interest from prospective bidders was invited on Jul 15’16
  • Three foreign investors including Shanghai Stock Exchange (SSE) have expressed interest in acquiring a stake of up to 40% in the PSX
  • Total deposits of the banking industry crossed Pkr10tn as of Jun'16 (up 10%YoY) vs.PkR9.14tn as of Jun'15

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY
Current Price: PKR 87.4
Target Price: PKR 135.00 

Attock Petroleum (APL) – BUY
Current Price: PKR 455.0
Target Price: PKR 580

Amreli Steels Ltd. (ASTL) – BUY
Current Price: PKR 50.8
Target Price: PKR 83.0

Bank Al-Falah (BAFL) – BUY
Current Price: PKR 25.4
Target Price: PKR 32

Bank Al-Habib (BAHL) – BUY
Current Price: PKR 42.37
Target Price: PKR 68

DG Khan Cement (DGKC) – BUY
Current Price: PKR 203
Target Price: PKR 237.0

ENGRO Fertilizer Limited (EFERT) – BUY
Current Price: PKR 66.7
Target Price: PKR 95

Engro Corporation (ENGRO) – BUY
Current Price: PKR 339.1
Target Price: PKR 362.00

Fatima Fertilizer (FATIMA) – BUY
Current Price: PKR 33.3
Target Price: PKR 41

Fauji Cement Company Limited (FCCL) – BUY
Current Price: PKR 38.0
Target Price: PKR 47

Habib Bank Limited (HBL) – BUY
Current Price: PKR 212.2
Target Price: PKR 255

Indus Motor (INDU) – BUY
Current Price: PKR 1,093
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 282.9
Target Price: PKR 353

MCB Bank Limited (MCB) – BUY
Current Price: PKR 225.19
Target Price: PKR 268

Nishat Chun Power (NCPL) – BUY
Current Price: PKR 51.70
Target Price: PKR 63

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 145.52
Target Price: PKR 172.00

Pak Electron (PAEL) – BUY
Current Price: PKR 60
Target Price: PKR 83

Pak Gen Power (PKGP) – BUY
Current Price: PKR 24.5
Target Price: PKR 41

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 169
Target Price: PKR 193.8

Pak Suzuki Motors (PSMC) – BUY
Current Price: PKR 404.59
Target Price: PKR 532

Pakistan State Oil (PSO) – BUY
Current Price: PKR 397
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 80.2
Target Price: PKR 120

United Bank Ltd (UBL) – BUY
Current Price: PKR 180.74
Target Price: PKR 212.00

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 2 July, 2016

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

Top gainers of last week were: Bata (Pak) Ltd., Abbott Lab, Pak Tobacco Co, Stand.Chart.Bank, Service Indus, Thal Limited, Fatima Fert.Co., Kohinoor Textile, Arif Habib Corp and Saif Power Ltd.
   
Top losers of last week were: Feroz 1888 Mills Ltd, Rafhan Maize Prod., Jubilee Gen Ins, Associated Services Limited, Millat Tractors, Hum Network Ltd, Nishat Mills Limited, Allied Rental Mod, EFU Life Assur Ltd. and Muree Brewery Co Ltd.

Top ten volume leaders: KEL, TRG, SNGP, NML, EFERT, PAEL, PIBTL, HUBC, SSGC, JSCL and FATIMA.

The Pakistan Stock Exchange (PSX) market edged up by 1.1%WoW (up 394 pts) amidst thin volumes as aftershocks from Brexit subsided and sharp corrections gather attention of bargain hunters.

Volumes remained slim during the week amidst Ramadan snooze clocking in at 162mn shares slightly above (i.e. 4%) relative to the previous week. Retail favorites led the volume with KEL, DCL & TRG cumulatively accounting for 26% of the volumes.

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


  • Global equity markets remained under pressure in post Brexit week while massive terrorist activity at Turkey’s capital further dampened the investor’s sentiments
  • Foreign fund managers are still struggling to cope with global asset sell‐off as they remained net sellers with ~USD7.18mn outflow during the week
  • Cement manufacturers rose the cement prices by PKR35/bag in order to pass on the impact of change in FED calculation mechanism
  • International crude traded in a narrow range of USD 45.30 – 45.80/barrel while GBP dropped to historic low against USD
  • IMF successfully reviewed the country’s performance and approved the second last tranche under EFF facility of USD501mn while the review for last tranche of USD100mnis expected to be held in September ’16
  • Turnover stayed on lower side as penny stocks continued to churn majority of the volumes where KEL topped the chart with 108mn traded shares followed by TRG and SNGP with 29mn and 20mn traded shares respectively 
  • The super thrilling month of June ended on a positive note as index gained 4.78% during the month. The budget FY17 was largely a non‐event for local stock market whereas index took a deep drive in green zone on successful classification to MSCI EM in mid of the month 
  • All is set to give K-Electric under the control of Shanghai Powers. K‐Electric will see another change of owner as Shanghai Powers is said to have decided to buy it 
  • TPL Properties: Book‐building process for IPO raises PKR696.8mn
  • OGDCL has discovered gas from its Exploratory Well Thal West No 1, 100% owned by OGDCL located in District Sukkur, a company statement said
  • Oman Telecommunications Co (Omantel) said its board received a non‐binding offer for its controlling stake in Pakistan’s WTL from an investor whose identity it didn’t disclose
  • Money market remained tranquil in the shortened week in the absence of any auctions by the central bank


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 89.96
Target Price: PKR 120.00

Attock Petroleum (APL) – BUY 
Current Price: PKR 437.54
Target Price: PKR 580

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 25.57
Target Price: PKR 32

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 43.12
Target Price: PKR 68

DG Khan Cement (DGKC) – BUY 
Current Price: PKR 190
Target Price: PKR 237.0

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 64.48
Target Price: PKR 106.49

Engro Corporation (ENGRO) – BUY
Current Price: PKR 333.0
Target Price: PKR 362.00

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 33.94
Target Price: PKR 41

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 35.80
Target Price: PKR 42.35

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 197.56
Target Price: PKR 233.54

Indus Motor (INDU) – BUY 
Current Price: PKR 939.54
Target Price: PKR 1109.67

K-Electric (KEL) – BUY
Current Price: PKR 8.1
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 261.9
Target Price: PKR 353

MCB Bank Limited (MCB) – BUY 
Current Price: PKR 220
Target Price: PKR 268

National Bank (NBP) – BUY 
Current Price: PKR 58
Target Price: PKR 65.00

Nishat Chun Power (NCPL) – BUY 
Current Price: PKR 52.56
Target Price: PKR 63

Nishat Power Ltd (NPL) – BUY 
Current Price: PKR 50.51
Target Price: PKR 59

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 138.07
Target Price: PKR 160.00

Pak Electron (PAEL) – BUY 
Current Price: PKR 64.7
Target Price: PKR 83

Pioneer Cement (PIOC) – BUY 
Current Price: PKR 107.4
Target Price: PKR 123.0

Pakgen Power Limited (PKGP) – BUY 
Current Price: PKR 24.1
Target Price: PKR 41.0

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 155
Target Price: PKR 193.8

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 382.15
Target Price: PKR 532

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 375.5
Target Price: PKR 450

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 15.0
Target Price: PKR 21.9

Tariq Glass (TGL) – BUY 
Current Price: PKR 74.0
Target Price: PKR 120

United Bank Ltd (UBL) – BUY 
Current Price: PKR 176.92
Target Price: PKR 212.00

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 25 June, 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, PKGP, PPL, PSMC, PSO, PTC, TGL, and UBL.

Top gainers of last week were: PAKT, NRL, MUREB, PSEL, SCBPL, Tri-Star Modarba, Worldcall Telecom, Akzo Nobel Pak Ltd., Bank of Khyber, D.S.Ind.Ltd.
   
Top losers of last week were: GATM, AICL, RMPL, MCB, BAFL, Adamjee Ins. Co. Ltd., PICIC Growth Fund, Pak Elecktron Ltd.

Top ten volume leaders: KEL, DCL, PAEL, DFML, EFERT.

The Pakistan Stock Exchange (PSX) market fell 2 per cent in early trading on Friday, hurt by a global sell-off in risk assets after Britain voted to leave the European Union. KSE-100 index gained has reached on 37,390 by decreasing 1387 points or -3.58%. While KSE-30 index has reached on 21,347 by decreasing -1024 points or -4.58%.

Foreign participation remained under pressure, with foreigners selling US$20.6mn worth equities during the week against net buy of US$19.58mn last week.

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


  • With Britain unpredictably voting in favor of the ‘Leave’ campaign, global markets came crashing down with Pound Sterling and Euro taking a massive hit along with Oil
  • Besides one third foreign holding in free float, investors were concerned that Pakistan exports to UK will be affected after Brexit.
  • The market remained in the correction mode throughout the week as MSCI euphoria fizzled out with Brexit jitters diverting attention towards global financial markets
  • NA finalizing amendment in the Finance Bill 2016
  • C/A for May’16 recording US$792mn vs.US$23 surplus in Apr’16
  • WB approving US$1.02bn in developmental loans for Pakistan under the CGDPF and Sindh Resilience Project (SRP) while ADB approved US$100mn loan for construction of Shorkot‐Khanewal section of the M4 motorway 
  • Tractor prices to drop by up to Rs80k after cut in ST
  • In the monthly Fuel Charge Adjustment, National Electric Power Regulatory Authority (NEPRA) has announced reduction of Rs3.27/unit in fuel cost for the month of May. Consumers will receive the relief in their bills for the month of August. NEPRA cited lower than anticipated oil prices in international market as reason for negative FCA
  • Investment in new plant, machinery: Provisions allowing tax credits being extended for 3 years


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 85.5
Target Price: PKR 120.00

Attock Petroleum (APL) – BUY 
Current Price: PKR 420.1
Target Price: PKR 580

Amreli Steels Ltd. (ASTL) – BUY 
Current Price: PKR 45.8
Target Price: PKR 83.0

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 24.8
Target Price: PKR 32

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 43.00
Target Price: PKR 68

DG Khan Cement (DGKC) – BUY 
Current Price: PKR 182.6
Target Price: PKR 237.0

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 63.7
Target Price: PKR 79.6

Engro Corporation (ENGRO) – BUY
Current Price: PKR 330.4
Target Price: PKR 362.00

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 31.18
Target Price: PKR 41

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 35.7
Target Price: PKR 47

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 199.1
Target Price: PKR 255

Indus Motor (INDU) – BUY 
Current Price: PKR 908.4
Target Price: PKR 1109.67

K-Electric (KEL) – BUY
Current Price: PKR 7.8
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 253.1
Target Price: PKR 353

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

National Bank (NBP) – BUY 
Current Price: PKR 58
Target Price: PKR 65.00

Nishat Chun Power (NCPL) – BUY 
Current Price: PKR 51.7
Target Price: PKR 63

Nishat Power Ltd (NPL) – BUY 
Current Price: PKR 49.6
Target Price: PKR 59

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 135.8
Target Price: PKR 160.00

Pak Electron (PAEL) – BUY 
Current Price: PKR 63
Target Price: PKR 83

Pioneer Cement (PIOC) – BUY 
Current Price: PKR 103.1
Target Price: PKR 123.0

Pakgen Power Limited (PKGP) – BUY 
Current Price: PKR 22.8
Target Price: PKR 41.0

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 155.5
Target Price: PKR 193.8

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 378.5
Target Price: PKR 532

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 371.3
Target Price: PKR 450

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 14.8
Target Price: PKR 21.9

Tariq Glass (TGL) – BUY 
Current Price: PKR 70.8
Target Price: PKR 120

United Bank Ltd (UBL) – BUY 
Current Price: PKR 171.11
Target Price: PKR 212.00

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 20 June, 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: Habib Bank Ltd, Stand.Chart.Bank, MCB Bank Ltd, Bank Al‐Falah, United Bank, Maple Leaf Cem., National Bank of Pak, Ibrahim Fibres, Cherat Cement and Dawood Hercules Chem.

Top losers of last week were: International Steels Ltd, EFU Life Assur Ltd., Indus Dyeing, Bannu Woollen, Adamjee Ins, Sui North Gas Pipe., P.T.C.L.A, Nishat Mills Limited, Sui South Gas and TRG Pakistan Ltd.

Top ten volume leaders: KEL, PIBTL, EFERT, TRG, PAEL, FCCL, PTC, SNGP, HBL, DGKC and NML.

The Pakistan Stock Exchange (PSX) market ended on a strong note, settling at record high level of 38,776pts (?5%) in the outgoing week with market participants skidded upward on major development of Pakistan equity reclassification into MSCI EM after nearly a decade when it was removed in 2008. KSE-100 index gained  has reached on 38,777 by increasing 1836 points or 4.97%. While KSE-30 index has reached on 22,371 by increasing 1441 points or 6.88%.

Market participation surged 10% WoW with daily average trading volume reaching close to 183mn shares while trading in top five scripts i.e, KEL, PIBTL, EFERT, TRG and PAEL constituted ~34% of total weekly volumes. As oppose to recent foreign flows trend, this week foreigner remained net buyer, accumulating USD19.59mn worth of shares as oppose to previous week USD7.85mn worth of sales.

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

  • In a positive development, MSCI said its Pakistan Index will be reclassified to the Emerging Markets status, coinciding with the May 2017 Semi Annual Index Review. Its decision is to upgrade the country from the Frontier Markets status is expected to generate inflows of global portfolio investment amounting to USD475mn
  • A proposed merger between the Picic Insurance Ltd and the CSIL has fallen apart after the latter became disillusioned by Picic’s balance sheet during due diligence
  • Banking sector remained the best performing sector during the week, posting 13.1% return during the week with HBL, MCB and UBL posting double digit return of 20.9%, 14.8% and 12% respectively. Furthermore, HBL, MCB and UBL cumulatively added 901pts in the index
  • DAWH accumulated 97pts on the back of substantial holding in ENGRO, another MSCI EM constituent, to help remain scrip in the limelight
  • Cement domestic demand increases by 17.84pc in 11 months
  • The National Assembly’s Standing Committee on Finance on Tuesday recommended the government to withdraw general sales tax (GST) on tractors and maintain subsidy on DAP fertilizer at Rs500 instead of Rs250 per bag, as announced in the budget
  • Al-Shaheer Corporation (ASC) and Shell Pakistan (SHEL) have signed a Memorandum of Understanding (MoU) for collaboration in their retail business in Pakistan. The two parties are assessing the opportunities for having Meat One branded shops, chillers and products across ~700 plus SHEL retail sites across the country
  • National Assembly Standing Committee on Finance recommended 7 key amendments in Finance Bill 2016 that includes maintenance of zero‐rating sales tax regime on dairy and milk products

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY
Current Price: PKR 90.79
Target Price: PKR 135.00 

Attock Petroleum (APL) – BUY
Current Price: PKR 427.13
Target Price: PKR 580

Amreli Steels Ltd. (ASTL) – BUY
Current Price: PKR 47.0
Target Price: PKR 83.0

Bank Al-Falah (BAFL) – BUY
Current Price: PKR 27.75
Target Price: PKR 32

Bank Al-Habib (BAHL) – BUY
Current Price: PKR 42.00
Target Price: PKR 68

DG Khan Cement (DGKC) – BUY
Current Price: PKR 189.4
Target Price: PKR 237.0

ENGRO Fertilizer Limited (EFERT) – BUY
Current Price: PKR 66.58
Target Price: PKR 95

Engro Corporation (ENGRO) – BUY
Current Price: PKR 347.76
Target Price: PKR 362.00

Fatima Fertilizer (FATIMA) – BUY
Current Price: PKR 31.18
Target Price: PKR 41

Fauji Cement Company Limited (FCCL) – BUY
Current Price: PKR 35.13
Target Price: PKR 47

Habib Bank Limited (HBL) – BUY
Current Price: PKR 210.5
Target Price: PKR 255

Indus Motor (INDU) – BUY
Current Price: PKR 939.88
Target Price: PKR 1109.67

K-Electric (KEL) – BUY
Current Price: PKR 8.1
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 265.4
Target Price: PKR 353

MCB Bank Limited (MCB) – BUY
Current Price: PKR 244.82
Target Price: PKR 268

National Bank (NBP) – BUY
Current Price: PKR 58.10
Target Price: PKR 65.00

Nishat Chun Power (NCPL) – BUY
Current Price: PKR 52.13
Target Price: PKR 63

Nishat Power Ltd (NPL) – BUY
Current Price: PKR 50.28
Target Price: PKR 59

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 142.97
Target Price: PKR 172.00

Pak Electron (PAEL) – BUY
Current Price: PKR 64
Target Price: PKR 83

Pioneer Cement (PIOC) – BUY
Current Price: PKR 107.41
Target Price: PKR 123.0

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 159.5
Target Price: PKR 193.8

Pak Suzuki Motors (PSMC) – BUY
Current Price: PKR 404.75
Target Price: PKR 532

Pakistan State Oil (PSO) – BUY
Current Price: PKR 394
Target Price: PKR 456

Pakistan Telecommunications (PTC) – BUY
Current Price: PKR 15.4
Target Price: PKR 21.9

United Bank Ltd (UBL) – BUY
Current Price: PKR 184.11
Target Price: PKR 212.00

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