Karachi Stock Exchange Weekly Analysis 29 March, 2015

The Karachi Stock Exchange (KSE) market shed an unusual 6% this week to close below psychologically important level of 30k.. KSE-100 index closed on 29,958 by losing 1842 points or -5.79% while KSE-30 index closed on 19,069 by losing 1158 points or - 5.73%.
   
Activity at the bourse picked up with average daily volumes clocking in at 126mn, up 32% WoW. Foreigners continued to remain sellers, offloading USD15mn worth of shares during the week. ADTO at 175mn shares was higher by 24% WoW, but ADV at US$70mn was 16% down WoW as bargain hunters refused to commit cash despite valuations opening up substantially. FIPI outflow at US$15.1mn for the week was down 37% WoW vs US$23.9mn outflow previous week.

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

  • After shedding 3.4% in the preceding week, KSE-100 index lost a staggering 5.8% (↓1,842pts) during the current week with bearish momentum strengthening at the bourse.
  • Selling was witnessed across the board with foreign and local institutional investors cutting hefty positions despite 50bp cut in policy rate over the weekend
  • Among the mainstream sectors, cements, chemicals and textiles led the decline, falling 8.9%, 7.7% and 7.7% WoW respectively. Despite reversal in international oil price, the oil and gas sector corrected by 3.8% WoW
  • The State Bank of Pakistan (SBP) announced a cut in key policy rate of 50 basis points (bps) from 8.5 percent to 8.0 percent
  • The Asian Development Bank (ADB) said on Tuesday Pakistan’s economy is showing signs for moderate growth of 4.2 per cent during this fiscal year (FY15) on the back of low international oil prices. And the government likely to miss 5.1pc growth target
  • Moody’s Investors Service on Wednesday upgraded Pakistan’s foreign currency government bonds rating from stable to positive. The rating is affirmed at Caa1
  • PIBs yields declined at an auction on Wednesday, showing bank’s persistent inclination to invest in the long-term government papers despite falling returns. SBP sold Rs46.472 billion of three-, five-, and 10-year PIBs. It sold Rs19.964 billion of 3-year paper at a cut-off yield of 8.29 percent, down 8.498 percent in the previous auction held on February 25
  • OGDCL has made a significant crude oil discovery with initial estimates of 1,095 barrels of oil per day at Palli field located in district Tando Allah Yar, Sindh
  • The govt has decided to withdraw tax exemptions worth PRs180bn or 0.5% of GDP, in budget of FY16 in a bid to lower the fiscal deficit
  • In a major boost to government’s privatization program, the Cabinet Committee on Privatization (CCoP) approved the strategic sale of 97% government’s stake in Heavy Electrical Complex (HEC) to Cargill Holding Ltd. The CCoP reportedly found the offer price to be in excess of reserved price for the deal, potentially resulting of net payment if PRs905mn
  • During week ended Mar 20th, foreign exchange reserves declined by US$142mn to US$16.13bn, where US$268mn debt repayments were made while US$114mn were received in the form of multilateral and bilateral loans
  • First LNG consignment arrived in the country this week with Universal Gas Distribution Company and Pak Arab Fertilizer importing 60k tons at a price of US$8/mmbtu
  • Nestle decided to reduce the price of Milk Pak to PRs110 from PRs120, previously, which is at par with Efoods’ Olpers

Top gainers of last week were: Pak Tobacco Co, Muree Brewery Co Ltd, Pakgen Power Ltd., Nishat Power Ltd, Nishat Chunian Power, Allied Rental Mod, Grays Of Combridge, Feroz 1888 Mills Ltd, Nestle Pakistan and Pak Services.

Top losers of last week were: B.O.Punjab, Packages Limited, Kohinoor Textile, Netsol Technologies, Pak Suzuki Motor, IGI Insurance, Bata (Pak) Ltd., D.G.K.Cement, Lafarge Pakistan and Cherat Cement.

Top ten volume leaders: BOP, KEL, JSCL, MLCF, FCCL, ENGRO, TRG, EFERT, FFBL, DGKC and FFC.

Following are few BUY recommendations:

Fatima Fertilizer (FATIMA) - BUY
Current Price: PKR 37.25
Target Price: PKR 43.00

Engro Fertilizer (EFERT) - BUY
Current Price: PKR 75.12
Target Price: PKR 91.00

Fauji Fert. Bin Qasim Ltd. (FFBL) - BUY
Current Price: PKR 46.1
Target Price: PKR 62.4 

Kot Addu Power Co (KAPCO) – BUY
Current Price: PKR 77.71
Target Price: PKR 97.0 

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 182.14
Target Price: PKR 256.5 

Pak Oilfields (POL) – BUY
Current Price: PKR 321.65
Target Price: PKR 442.00

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 152.00 
Target Price: PKR 221.00

Attock Petroleum (APL) – BUY
Current Price: PKR 520.12
Target Price: PKR 626.00

Allied Bank Limited (ABL) – BUY
Current Price: PKR 93.40
Target Price: PKR 140.0 

Habib Bank Limited (HBL) – BUY
Current Price: PKR 176.29
Target Price: PKR 255.0

MCB Bank Ltd (MCB) – BUY
Current Price: PKR 238.67
Target Price: PKR 295.00

National Bank (NBP) – BUY
Current Price: PKR 50.69
Target Price: PKR 72.00

United Bank Ltd (UBL) – BUY
Current Price: PKR 146.38
Target Price: PKR 194.00

Bank Al-Falah (BAFL) – BUY
Current Price: PKR 25.53
Target Price: PKR 39.00

Bank Al-Habib (BAHL) – BUY
Current Price: PKR 43.07
Target Price: PKR 68.00 

Lucky Cement (LUCK) – BUY
Current Price: PKR 447.14
Target Price: PKR 552.00

Cherat Cement (CHCC) - BUY
Current Price: PKR 68.53
Target Price: PKR 95.00 

Maple Leaf Cement Factory (MLCF) – BUY
Current Price: PKR 48.13
Target Price: PKR 61.0 

Pak Suzuki (PSMC) – BUY
Current Price: PKR 347.36
Target Price: PKR 495.00

Nishat Mills (NML) - BUY
Current Price: PKR 102.9
Target Price: PKR 163.5

Nishat Chunian Ltd. (NCL) - BUY
Current Price: PKR 38.1
Target Price: PKR 45.7

Following are few SELL recommendations:

Hub Power Co (HUBCO) – SELL
Current Price: PKR 85.59
Target Price: PKR 71.00

Nishat Power Ltd (NPL) – SELL
Current Price: PKR 51.51
Target Price: PKR 38.00

Nishat Chun Power (NCPL) – SELL
Current Price: PKR 51.20
Target Price: PKR 43 

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

Karachi Stock Exchange Weekly Analysis 21 March, 2015

The Karachi Stock Exchange (KSE) market remained in the red zone for the entire week – the fourth consecutive negative week. KSE-100 index closed on 31,800 by losing 1129 points or -3.43% while KSE-30 index closed on 20,227 by losing 973 points or -4.59%.
  
ADTO was flat WoW at 142mn shares, while ADV was up by 3.5% to US$83mn. FIPI registered yet another net out-flow of US$23mn vs last week’s out-flow of about US$28mn.

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

  • State Bank of Pakistan has announced monetary policy, cuts key rate by 50 bps to 8 pc. Which is all time low since 13 years
  • Bank stocks declined 7.9% during the week on the news that a target interest will be introduced and interest rate will come down in the upcoming monetary policy meeting
  • Foreigners sold shares valuing US$67.5mn and bought US$43.6mn with net selling of US$23.9mn
  • The ECC, in its meeting on Saturday, allowed Attock Cement Pakistan Limited (ACPL) to remit US$24mn, for establishment of Cement Grinding Unit in Basra (Iraq), on account of equity investment starting from March 2015 onwards
  • Govt imposes 25% regulatory duty on import of wheat, related products
  • Cement sector, most notably, suffered from a weak outlook emanating from the impending gas price hike
  • Lucky is expected to be a major loser also because of an unfavorable verdict in South Africa cement dumping case
  • An unexpected twist in Fecto Cement’s long‐drawn legal challenge regarding environmental degradation has created major downside risks
  • The Privatization Commission and Commerce Ministry voiced concerns over the import of 3‐yr old cars, which may pave the way for increased duty on imported cars
  • NEPRA approved the longpending coal conversion of K‐Electric
  • ECC approved a proposal for allocation of gas from TAPI pipeline to the SNGPL
  • SNGPL resumed gas supply to the textile sectors after three months
  • Lower crude oil prices did push the oil stocks lower with POL leading from the front with 11.7% decline, OGDC 9.3% and PPL 9.4% from the onset of calendar year
  • The LPCL deal is likely to complete soon whereby investors are likely to receive liquidity of PKR3.5bn, hence we can conclude number of investors would be willing to invest their funds back in the market
  • The government is likely to impose 15% regulatory duty on import of HR products as well as pipes and fixed sales tax at the rate of PKR5,600/metric ton on supply of billets and import of rerollable scrap for providing level playing field to the local industry
  • Pakistan has signed an agreement with Qatar on the import of LNG and the first shipment of 200mmcfd is expected to reach by the end of March 2015; however, the terms of the agreement have not yet been made public
  • Pharma sector all set to plan consolidation, expansion of business
  • Cotton output raises 10.6% to 14.8m bales
  • Government of Pakistan has decided to open branches of NBP in Azerbaijan in order to further expand economic ties
  • Pakistan has firmly stated that lifting the moratorium on death penalty would not impact the much coveted GSP plus status
  • CA figures for Feb’15, that included a surplus of US$877mn, reducing the 8MFY15 CA deficit to US$1.61bn
  • Country’s reserves reaching US$16.27bn for the week ended 13 Mar’15, of which the SBP held US$11.26bn
Top gainers of last week were: Hub Power, Kot Addu Power Co., Lafarge Pakistan, Colgate Palmolive, Atlas Honda Limited, Fauji Fertilizer Co., Meezan Bank, Maple Leaf Cem., Pioneer Cement and Nishat Power Ltd.

Top losers of last week were: Pak Services, Netsol Technologies, Jah.Sidd. Co., Pak Suzuki Motor, Askari Bank Ltd., Adamjee Ins, Allied Rental Mod, Faysal Bank, Pakgen Power Ltd. and PICIC Growth.

Top ten volume leaders: MLCF, JSCL, FCCL, BOP, ENGRO, TRG, KEL, FFBL, PTC, DGKC and NIB.

Following are few BUY recommendations:

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 187.85
Target Price: PKR 256.5

Pak Oilfields (POL) – BUY
Current Price: PKR 335.36
Target Price: PKR 442.00

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 159.84
Target Price: PKR 221.00

Allied Bank Limited (ABL) – BUY
Current Price: PKR 98.10
Target Price: PKR 140.0

Habib Bank Limited (HBL) – BUY
Current Price: PKR 190.16
Target Price: PKR 255.0

MCB Bank Ltd (MCB) – BUY
Current Price: PKR 251.09
Target Price: PKR 295.00

National Bank (NBP) – BUY
Current Price: PKR 56.05
Target Price: PKR 72.00

United Bank Ltd (UBL) – BUY
Current Price: PKR 148.07
Target Price: PKR 194.00

Bank Al-Falah (BAFL) – BUY
Current Price: PKR 27.00
Target Price: PKR 39.00

Bank Al-Habib (BAHL) – BUY
Current Price: PKR 44.54
Target Price: PKR 68.00

Cherat Cement (CHCC) - BUY
Current Price: PKR 78.16
Target Price: PKR 95.00

Lucky Cement (LUCK) – BUY
Current Price: PKR 480.6
Target Price: PKR 583.3

Maple Leaf Cement Factory (MLCF) – BUY
Current Price: PKR 54.5
Target Price: PKR 61.0

Pak Suzuki (PSMC) – BUY
Current Price: PKR 399.35
Target Price: PKR 495.00

Fatima Fertilizer (FATIMA) - BUY
Current Price: PKR 41.0
Target Price: PKR 51.7

Nishat Mills (NML) - BUY
Current Price: PKR 113.3
Target Price: PKR 163.5

Kot Addu Power Co (KAPCO) – BUY
Current Price: PKR 81.2
Target Price: PKR 97.0

Following are few SELL recommendations:

Hub Power Co (HUBCO) – SELL
Current Price: PKR 89.45
Target Price: PKR 71.00

Nishat Power Ltd (NPL) – SELL
Current Price: PKR 51.13
Target Price: PKR 38.00

Nishat Chun Power (NCPL) – SELL
Current Price: PKR 50.96
Target Price: PKR 43

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 Results March 2015

PAK SUZUKI MOTOR COMPANY LIMITED (PSMC)
Profit/Loss (million): 311.917
EPS: 23.35
Div/Bonus: 50%

SYSTEMS LIMITED (SYS)
Profit/Loss (million): 425.719
EPS: 4.92
Div/Bonus: 10%, 10%B

Pakgen Power Limited (PKGP)
Profit/Loss (million): 193.482
EPS: 1.65
Div/Bonus: 10%

Lalpir Power Limited (LPL)
Profit/Loss (million): 296.275
EPS: 2.09
Div/Bonus: 10%

SHELL PAKISTAN (SHEL)
Profit/Loss (million): (1962.563)
EPS: (9.97)
Div/Bonus: 80%

SNOFI AVENTIS PAKISTAN (SAPL)
Profit/Loss (million): 141.489
EPS: 24.72
Div/Bonus: 70%

Pakistan Refinery (PRL)
Profit/Loss (million): (212.328)
EPS: (102.21)
Div/Bonus: 800%R

Karachi Stock Exchange Weekly Analysis 15 March, 2015

The Karachi Stock Exchange (KSE) market continued its losing streak, falling by 1.01%WoW to 32,929 points in the week under review.  KSE-100 index closed on 32,929 by losing 335 points or -1.01%  while KSE-30 index closed on 21,200 by losing 495 points or -2.28%.
   
ADTO remained largely flat, down 18% WoW to 142mn shares, while ADV was down by 22% to US$80mn. FIPI registered yet another net outflow of US$28.4mn, much higher than last week’s outflow of about US$4.4mn.

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

  • The news of gas price increase, which came in limelight at the start of the week; dragged the market
  • Concerns regarding deteriorating law & order in Karachi further pilled pressure
  • On the positive side remittances continued to depict strong growth, up 15.1%YoY in Feb’15 to reach US$11.7bn for 8MFY15, the country’s Fx reserves increased by 1.2%WoW and are now at US$16bn level (import cover at 4.8m) with another US$500+mn tranche due from IMF this month
  • Cement sales for 8MFY15 clocking in at 22.8mt, rising 5.5%YoY
  • SBP figures revealing that the GoP borrowing for additional budgetary support reached PkR1.03trn from schedules banks during 8MFY15, 2.23x higher than the PkR318.42bn borrowed in the same period last year
  • NEPRA approving proceeding to finalize the import of 1000MW of electricity from Iran, with a tariff adjusted between US$65-US$110/bbl translating into PkR8-11/KwH similar to the prevailing arrangement importing 74MW from Iran since 2007
  • The entire fertilizer sector took prominence as an expected increase in both feed and fuel gas prices triggered a wave of selling in the respective stocks
  • Big tickets were seen under pressure on account of foreign selling, with banks and some leading names in the cement sector feeling the pinch
  • GoP’s announcement of putting up HBL’s 41.54% shares for sale to the general public in a secondary offering dragged its price in the earlier half of the week, only to recover upon late buying albeit thin volumes
  • HBL acquiring Pakistan business of Barclays Bank
  • DLL is going to invest USD30mn in the equity of TGL through the issue of right shares. The power generation facility is being constructed at a cost of USD89mn. The project is envisaged to be financed through a mix of 25% equity and 75% debt
  • The Board of Directors of Dawood Hercules Limited (DAWH) has approved to enter into a Share Purchase Agreement with Pakarab Fertilizers Limited (PFL) for the entire shareholding of the Company in DH Fertilizers Limited (subject to negotiated and finalizing SPA and procuring corporate approvals and regulatory consents)

Top gainers of last week were: Pak Services, Shezan International Ltd., Fatima Fert.Co., Arif Habib Corp, EFU Life Assur Ltd., TRG Pakistan Ltd, Attock Petroleum, Pak Suzuki Motor, EFU General Ins and Jubilee Life Ins.

Top losers of last week were: Pak Tobacco Co, Fauji Fert Bin, Fauji Fertilizer Co., Engro Fertilizer, Soneri Bank, Shell Pakistan, Atlas Honda Limited, Abbott Lab, Nishat Power Ltd and Gul Ahmed.

Top ten volume leaders: JSCL, FFBL, MLCF, TRG, BOP, KEL, EFERT, PTC, ENGRO, FABL, and FCCL.

Following are few BUY recommendations:

Maple Leaf Cement Factory (MLCF) – BUY
Current Price: PKR 53.2
Target Price: PKR 61.0 

Cherat Cement (CHCC) - BUY
Current Price: PKR 81.25
Target Price: PKR 95.00 

Fatima Fertilizer (FATIMA) - BUY
Current Price: PKR 41.3
Target Price: PKR 51.7

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 205.0
Target Price: PKR 256.5 

Pak Oilfields (POL) – BUY
Current Price: PKR 367.5
Target Price: PKR 442.00

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 166.56
Target Price: PKR 221.00

Nishat Mills (NML) - BUY
Current Price: PKR 118.8
Target Price: PKR 163.5

Allied Bank Limited (ABL) – BUY
Current Price: PKR 103.0
Target Price: PKR 140.0 

Bank Al-Falah (BAFL) – BUY
Current Price: PKR 30.1
Target Price: PKR 38.0

Habib Bank Limited (HBL) – BUY
Current Price: PKR 200.0
Target Price: PKR 255.0

United Bank Ltd (UBL) – BUY
Current Price: PKR 165.9
Target Price: PKR 210.0

Bank Al-Habib (BAHL) – BUY
Current Price: PKR 46.25
Target Price: PKR 68.00 

Kot Addu Power Co (KAPCO) – BUY
Current Price: PKR 81.29
Target Price: PKR 97.0 

Following are few SELL recommendations:

Hub Power Co (HUBCO) – SELL
Current Price: PKR 87.73
Target Price: PKR 71.00

Nishat Power Ltd (NPL) – SELL
Current Price: PKR 50.25
Target Price: PKR 38.00

Nishat Chun Power (NCPL) – SELL
Current Price: PKR 51.88
Target Price: PKR 43 

Pakgen Power Ltd. (PKGP) – SELL
Current hn6Price: PKR 30.46
Target Price: PKR 24.00

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

Karachi Stock Exchange Weekly Analysis 7 March, 2015

The Karachi Stock Exchange (KSE) market continued its bearish momentum this week while remaining volatile, down 1.1%WoW, closing at 33,264. KSE-100 index closed on 33,264 by losing 368 points or -1.10%  while KSE-30 index closed on 21,695 by losing -222 points or -1.01%.

ADTO remained largely flat, up 0.7% WoW to 173mn shares, while ADV rose by 15% to US$103mn. FIPI registered yet another net outflow of US$4.4mn, though lower than last week’s outflow of about US$ 10mn.

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

  • Senate election results, in which neither PML (N) nor PPP were able to achieve absolute majority, were broadly in‐line with expectations
  • Negative sentiment prevailed across the board with index heavyweight sectors oil and gas and banks declining by 1.7% and 2.3% respectively. Other sectors posted a negative return of 2.0%
  • MCB and OGDC alone dragged the KSE-100 index by almost 127pts and 84pts respectively while UBL, ABOT and ENGRO cumulatively contributed 112pts during the week
  • Average daily volumes picked up by 13% WoW clocking in at 118mn against 104mn last week. Retail favourites, PAEL, JSCL and KEL led the volume charts
  • Foreigners again remained on the selling side cutting USD4.4mn worth of positions during the outgoing week
  • Petroleum prices to stay unchanged
  • Inflation rate recorded at 3.24% in February 2015
  • Reserves cross USD16bn mark by week-end
  • Further dip in CPI expected with another cut in DR in the offing
  • DGKC opens Letter of Credit for 30MW coal power plant
  • Cotton output hits record 14.7mn bales
  • According to recent statement by Moodys in its credit outlook, Pakistan govt’s support for the implementation of the so‐called China‐Pakistan Economic Corridor is credit positive for Pakistan because it will spur investment activity, boost bilateral trade flows and help ease the country’s growing energy shortages 
  • PkR 80bn were raised in the latest MTB auction against the target of PkR75bn, cut off yields for 3mth, 6mth and 12mth MTBs were 8.23% (down 13bps), 8.16% (down 21bps) and 7.98% (down by 30bps)
  • SECP has executed a series of initiatives limiting money laundering, insider trading and implementation of regulations regarding AMC’s and NBFI’s with the passing of the amended SECP bill in the senate
  • Result season for the calendar year end has come close to the finish line where merely few companies are left with their result announcement
  • The long awaited LPCL deal has finally came to a close with the end of closure period for entitlement for stock buyout by the Bestway Group
  • The details published about KEL selloff plan by Abraj has spurred pessimism

Top gainers of last week were: Cherat Cement, Hum Network Ltd, Pak Services, D.G.K.Cement, Sui South Gas, TRG Pakistan Ltd, Fauji Fert Bin, Attock Refinery Ltd., Fauji Cement Company Ltd and Kohat Cement

Top losers of last week were: Shezan International Ltd., Abbott Lab, Jah.Sidd. Co., Pak Tobacco Co, Muree Brewery Co Ltd, Jubilee Life Ins, Avanceon Ltd, Lafarge Pakistan, Kohinoor Energy and Bank AL‐Habib.

Top ten volume leaders: JSCL, KEL, EFERT, MLCF, FFBL, ENGRO, DGKC, BOP, HUMNL, TRG, and LPCL.

Following are few BUY recommendations:

Maple Leaf Cement Factory (MLCF) – BUY
Current Price: PKR 52.2
Target Price: PKR 61.0 

Cherat Cement (CHCC) - BUY
Current Price: PKR 80.20
Target Price: PKR 95.00 

Fatima Fertilizer (FATIMA) - BUY
Current Price: PKR 38.2
Target Price: PKR 51.7

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 204.1
Target Price: PKR 256.5 

Pak Oilfields (POL) – BUY
Current Price: PKR 371.4
Target Price: PKR 442.00

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 172.62
Target Price: PKR 221.00

Attock Petroleum (APL) - BUY
Current Price: PKR 535.00
Target Price: PKR 626.00

Nishat Mills (NML) - BUY
Current Price: PKR 122.7
Target Price: PKR 163.5

Allied Bank Limited (ABL) – BUY
Current Price: PKR 106.5
Target Price: PKR 140.0 

Habib Bank Limited (HBL) – BUY
Current Price: PKR 201.9
Target Price: PKR 255.0

Bank Al-Falah (BAFL) – BUY
Current Price: PKR 30.5
Target Price: PKR 38.0

United Bank Ltd (UBL) – BUY
Current Price: PKR 164.4
Target Price: PKR 210.0

Bank Al-Habib (BAHL) – BUY
Current Price: PKR 46.98
Target Price: PKR 68.00 

Kot Addu Power Co (KAPCO) – BUY
Current Price: PKR 84.26
Target Price: PKR 97.0 

Following are few SELL recommendations:

Fauji Fert Bin Qasim (FFBL) – SELL
Current Price: PKR 56.66
Target Price: PKR 46

Hub Power Co (HUBCO) – SELL
Current Price: PKR 91.00
Target Price: PKR 71.00

Nishat Power Ltd (NPL) – SELL
Current Price: PKR 52.72
Target Price: PKR 38.00

Nishat Chun Power (NCPL) – SELL
Current Price: PKR 53.44
Target Price: PKR 43 

Pakgen Power Ltd. (PKGP) – SELL
Current hn6Price: PKR 30.19
Target Price: PKR 24.00

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

Company Results March 02, 2015

Pakistan State Oil (PSO)
Profit/Loss: (961.761)
EPS: 15.76
Bonus/Div: NIL 

GUL AHMAD TEX (GATM)
Profit/Loss: 429.298
EPS: 1.11
Bonus/Div: NIL

J.O.V. & CO (JOVC)
Profit/Loss: (0.400)
EPS: (0.0728)
Bonus/Div: NIL

FLYING CEMENT LIMITED (FLYNG)
Profit/Loss: 18.277
EPS: 0.29
Bonus/Div: NIL

AYESHA TEXTILE (AYTM)
Profit/Loss: (50.187)
EPS: (47.38)
Bonus/Div: NIL

ATLAS INSURANCE LTD.(FORMERLY MUSLIM INSURANCE) (ATIL)
Profit/Loss: 162.736
EPS: 7.77
Bonus/Div: 60%

AZGARD NINE LIMITE (ANL)
Profit/Loss: (243.467)
EPS: (0.85)
Bonus/Div: NIL

PACE
Profit/Loss: (69.727)
EPS: (0.68)
Bonus/Div: NIL

BESTWAY CEMENT (BWCL)
Profit/Loss: 2282.247
EPS: 6.90
Bonus/Div: 25%

GHANI GASES (GGL)
Profit/Loss: 59.797
EPS: 1.08
Bonus/Div: 6%

INDUS DYEING (IDYM)
Profit/Loss: 330.350
EPS: 25.28
Bonus/Div: 100%