Karachi Stock Exchange Weekly Analysis 26 July, 2015

The Karachi Stock Exchange (KSE) market remained range-bound during the week as KSE-100 closed the week at 35,815 points (down 72pts). KSE-100 index closed on 35,815 by losing -72 points or -0.2%.

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 and keep the discount rate unchanged
  • The findings of the judicial commission declared the elections to be free from any material rigging, but the market remained largely muted to this event
  • The international developments with the Greece saga heading to logical conclusion provided much needed relief in the international arena, the local arena remained indifferent as proceedings were a mixed bag
  • The banking space saw its first result announcement as UBL’s earnings came higher than street expectations
  • HBL slowed down its momentum taking a breather after a steady ascent, while EFODDS continue to pile up gains on account of earnings excitement
  • Fertilizer names remained mixed upon oscillating vibes regarding a lingering gas price increase
  • Shahid Khaqan Abbasi said that Pakistan had started construction work on 700‐km pipeline to import LNG from China. That hopefully the project would be initiated in October that year and would be completed in 30 months
  • SNGPL and SSGC have requested the government to approve increase in gas prices by at least 45%, saying that as a result of consumer gas price freeze the distribution companies'' debt has crossed PKR100bn mark in the wake of higher gas prices to producers
  • Over 200 villages submerged in southern Punjab
  • TCP asked to complete 0.15mn tons urea import by September
  • Engro Elengy Terminal received its first shipment of 130,000 cubic metre of LNG
  • KEL proposed a cumulative cut of PKR0.46/kilowatt‐hour for April and May tariffs in lieu of fuel charges adjustment
  • Higher arrivals of phutti (seed cotton) in Punjab pushed lint prices further lower on
  • Nepra approves Rs2.68 per unit cut in power tariff
  • In a notice sent to KSE, Byco Petroleum (BYCO) announced that its board of directors has approved, in principle, a potential merger of BYCO & Byco Terminals (100% owned subsidiary) with and into Byco Oil (holding company)
Top gainers of last week were: Jubilee Gen Ins, Sui South Gas, Orix Leasing, Sui North Gas Pipe., Fatima Fert.Co., Jah.Sidd. Co., National Bank of Pakistan, Pakgen Power Ltd., B.O.Punjab and Rafhan Maize Prod.
    
Top losers of last week were: Punjab Oil, Shezan International Ltd, Muree Brewery Co Ltd, Atlas Battery, Bata (Pak) Ltd., Jubilee Life Ins, Mari Petroleum, Attock Refinery Ltd., Bannu Woollen and Gul Ahmed.

Top ten volume leaders: BOP, KEL, TRG, JSCL, PTC, SNGP, SCBPL, PIBTL, PAEL, FFBL,  and LPCL.

Following are few BUY recommendations:

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 160.72
Target Price: PKR 238.2 

Pak Oilfields (POL) – BUY
Current Price: PKR 354.49
Target Price: PKR 442.00

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 151.33
Target Price: PKR 221.00

Pakistan State Oil (PSO) – BUY
Current Price: PKR 372.3
Target Price: PKR 493

Allied Bank Limited (ABL) – BUY
Current Price: PKR 104.52
Target Price: PKR 140.0 

Habib Bank Limited (HBL) – BUY
Current Price: PKR 227.92
Target Price: PKR 270

National Bank (NBP) – BUY
Current Price: PKR 57.70
Target Price: PKR 69.0

United Bank Ltd (UBL) – BUY
Current Price: PKR 180.04
Target Price: PKR 194.00

Bank Al-Falah (BAFL) – BUY
Current Price: PKR 28.04
Target Price: PKR 34

Bank Al-Habib (BAHL) – BUY
Current Price: PKR 45.00
Target Price: PKR 68

Lucky Cement (LUCK) – BUY
Current Price: PKR 560.42
Target Price: PKR 652.00

Fatima Fertilizer (FATIMA) – BUY
Current Price: PKR 45.8
Target Price: PKR 50.7

Engro Fertilizers Limited (EFERT) – BUY
Current Price: PKR 94.3
Target Price: PKR 103.2

Engro Corporation (ENGRO) – BUY
Current Price: PKR 327.1
Target Price: PKR 403

Engro Foords (EFOODS) – BUY
Current Price: PKR 172.5
Target Price: PKR 199

K-Electric Co. (KEL) – BUY 
Current Price: PKR 8.2
Target Price: PKR 13.3

Nishat Mills (NML) – BUY
Current Price: PKR 119
Target Price: PKR 168.5 

Nishat Chunian Ltd. (NCL) – BUY
Current Price: PKR 38
Target Price: PKR 45.7 

Following are few SELL recommendations:

Fauji Fert. Bin Qasim Ltd. (FFBL) – SELL
Current Price: PKR 62.92
Target Price: PKR 49.00

Hub Power Co (HUBCO) – SELL
Current Price: PKR 99.10
Target Price: PKR 71.00

Nishat Power Ltd (NPL) – SELL
Current Price: PKR 60.15
Target Price: PKR 38.00

Nishat Chun Power (NCPL) – SELL
Current Price: PKR 60.43
Target Price: PKR 43 

Pakgen Power Ltd (PKGP) – SELL
Current Price: PKR 32.93
Target Price: PKR 24

Indus Motor (INDU) – SELL
Current Price: PKR 1252.94
Target Price: PKR 1023.00

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 22 July, 2015

The Karachi Stock Exchange (KSE) market continued to rally higher, where the KSE‐100 index reached record‐high levels to close the week at 35,888pts. KSE-100 index closed on 3 5,888  by gaining 776 points or 2.21% while KSE-30 index closed on 22,350  by gaining 391 points or 1.78%.

Contrary to common perception, Pakistan market gained 4% in the Muslim religious month of Ramzan. Despite shorter trading sessions during Ramzan, avg. daily volume increased 45% from previous month to 383mn shares, while trading value was 17% better in Pakistan Rupee terms. With the earnings season set to start next week, we expect the market to continue its strong performance post Eid holidays. Furthermore, SBP is expected to announce its monetary policy review for Jul’15 next week, where we anticipate it to maintain status quo.

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


  • Iran and six major powers reached a nuclear deal agreeing to lift sanctions on the country, triggering expectations of increase in global oil supply which remained a dampener for the Oil & Gas sector’s performance
  • Remittances for FY15 touched their historic peak at US$18.4bn (up 16.5%YoY)
  • FDI during FY15 saw a decline of 58% to come in at US$709mn
  • GoP raised PkR51.69bn in the July’15 PIB auction
  • Expectations for ECC to increase gas prices by 15‐20% after Eid‐ul‐Fitr
  • Transparency International Pakistan raising allegations against K‐Electric (KEL) of tax evasion of PkR 111 billion
  • EFERT and FATIMA being largely immune from gas price increase gathered steady momentum taking strides onto an all-time high price level
  • SBP injected over PKR 1tn into the banking system, a move bankers aimed at covering the widening liquidity gap
  • DGKC to buy PKR6.5bn equipment from Danish firm
  • NEPRA has accorded approval to a fact‐finding report on K‐Electric system faults in which massive irregularities have been reported. A 120‐page fact‐finding report reveals that the power utility has failed to bring required improvement to the transmission and distribution systems as additional load‐shedding in Karachi has exposed its tall claims 


Top gainers of last week were: TRG Pakistan Ltd, Bannu Woollen, Soneri Bank, Sui North Gas Pipe., Atlas Battery, Fauji Fert BinXD, Sui South Gas, Ghani Gases Ltd, Jubilee Life Ins and Habib Bank Ltd.
   
Top losers of last week were: Oil and Gas Deve, Pak Oilfields, Bata (Pak) Ltd., Pak Petroleum, Pak Tobacco Co., Punjab Oil, National Refinery, Kohinoor Textile, Bank AL‐Habib and Kohinoor Energy.

Top ten volume leaders: KEL, PIBTL, JSCL, FFBL, PTC, BOP, SNGP, FCCL, SCBPL, ENGRO and PAEL.

Following are few BUY recommendations:

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 445.7
Target Price: PKR 552.00

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 43.0
Target Price: PKR 50.7

Engro Fertilizers Limited (EFERT) – BUY
Current Price: PKR 95
Target Price: PKR 103.2

Engro Corporation (ENGRO) – BUY
Current Price: PKR 325
Target Price: PKR 338

Engro Foords (EFOODS) – BUY
Current Price: PKR 166
Target Price: PKR 177.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 165.9
Target Price: PKR 238.2

Pak Oilfields (POL) – BUY 
Current Price: PKR 356.2
Target Price: PKR 442.00

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 155.13
Target Price: PKR 221.00

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 382
Target Price: PKR 493

Lucky Cement (LUCK) – BUY 
Current Price: PKR 577
Target Price: PKR 652.00

K-Electric Co. (KEL) – BUY
Current Price: PKR 8.3
Target Price: PKR 13.3

Nishat Mills (NML) – BUY 
Current Price: PKR 121.2
Target Price: PKR 168.5

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 101.0
Target Price: PKR 140.0

National Bank (NBP) – BUY 
Current Price: PKR 54.3
Target Price: PKR 69.0

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 232.24
Target Price: PKR 270

United Bank Ltd (UBL) – BUY 
Current Price: PKR 179.02
Target Price: PKR 194.00

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 27.35
Target Price: PKR 34

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 44.00
Target Price: PKR 68

Following are few SELL recommendations:

Fauji Fert. Bin Qasim Ltd. (FFBL) – SELL
Current Price: PKR 64.27
Target Price: PKR 49.00

Hub Power Co (HUBCO) – SELL
Current Price: PKR 100.15
Target Price: PKR 71.00

Nishat Power Ltd (NPL) – SELL
Current Price: PKR 59.67
Target Price: PKR 38.00

Nishat Chun Power (NCPL) – SELL
Current Price: PKR 59.67
Target Price: PKR 43

Pakgen Power Ltd (PKGP) – SELL 
Current Price: PKR 31.16
Target Price: PKR 24

Indus Motor (INDU) – SELL 
Current Price: PKR 1263.47
Target Price: PKR 1023.00

Honda Atlas Cars (HCAR) – SELL 
Current Price: PKR 241.58
Target Price: PKR 204

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 13 July, 2015

The Karachi Stock Exchange (KSE) market registered a much awaited correction during the week. KSE-100 index closed on 3 5,112 by losing -344 points or -0.97% while KSE-30 index closed on 21,959 by losing -354 points or -1.59%.

Over the week, the average trading volumes improved by 6% week-on-week to 378 million shares per day, while average daily trading value rose 23% to $160 million.

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

  • Political uncertainty and selling in oil stocks amid falling international crude prices, which hit a three-month low, wiped off the early gains
  • Oil prices fell during the week by about 2%, reeling from the effect of Greece’s financial crisis and China’s stock market woes, leading to a considerable battering of the exploration and production (E&P) sector (down an average 5.5% WoW)
  • Hascol hit its upper circuit within the first hour of trading, similarly Pakistan State Oil, Pakistan Oilfields Limited and Pakistan Petroleum Limited ended 0.7%, 0.6% and 0.3% higher, respectively
  • The cement sector continued to outperform others on strong June 2015 sales, while insurance stocks (+4% WoW) also attracted investor interest
  • The banking sector remained impressive on rising deposit growth and increasing yields of treasury bills
  • Among market-moving news, the debate over the controversial banking transaction tax heated up until the government and traders reached an agreement on Thursday to bring down the 0.6% withholding tax to 0.3% for the non-filers of tax returns till September 2015
  • Foreign funds flew out of the market, with foreigners selling $23 million worth of holdings compared to $1.6 million last week
  • NEPRA has made electricity costlier by 20 to 80% for domestic consumers of K‐Electric by slashing the amount of subsidy as per agreement with the IMF. The impact of reduction in subsidy for domestic consumers will be between PKR2 to PKR4.28/unit \
  • The government plans to borrow PKR1.35tn through the banking system in the 1QFY16. The government has slashed the selling of PIBs by limiting them to PKR200bn during the quarter
  • The NBP in collaboration with HBL is planning to invest PKR80bn in a 1,200MW power generation project
  • 150MW solar power plants: Pakistan, Norway companies sign MoU
  • Mughal Group of Industries has planned a 55MW coal‐fired power plant to be setup in Sheikhupura with an estimated cost of USD141.701mn
  • SSC on Water and Power headed by Senator decided to conduct a performance audit of KElectric through Auditor General of Pakistan aimed at judging the performance of the power utility
  • Major gain was seen in Life Insurance (5.0%), Non Life Insurance (4.3%) and Cement (3.5%), while major decline was witnessed in Oil & Gas (3.9%) and Telecom (3.2%), during the outgoing week
  • Pakistan’s fx reserves rising to highest ever levels of US$18.7bn as of last week, following inflows from the IMF, where the SBP’s reserves now stand at US$13.5bn

Top gainers of last week were: Punjab Oil, TRG Pakistan Ltd, Jubilee Gen Ins, Kohat Cement, Adamjee Ins, Jubilee Life Ins, Kohinoor Textile, Bannu Woollen, J.D.W.Sugar and Colgate Palmolive.
   
Top losers of last week were: Arif Habib Corp, Pak Oilfields, Service Indus, Pak Petroleum, National Refinery, Sui South Gas, P.S.O., Shifa International Hospitals, Dawood Hercules Chem and K‐Electric.

Top ten volume leaders: KEL, JSCL, PIBTL, TRG, FCCL, PAEL, LPCL, MLCF, PTC, DGKC, and BOP.

Following are few BUY recommendations:

Pak Suzuki Motors (PSMC) – BUY
Current Price: PKR 436.9
Target Price: PKR 552.00

Fatima Fertilizer (FATIMA) – BUY
Current Price: PKR 40.6
Target Price: PKR 50.7

Engro Fertilizers Limited (EFERT) – BUY
Current Price: PKR 91.75
Target Price: PKR 103.2

Engro Corporation (ENGRO) – BUY
Current Price: PKR 308
Target Price: PKR 338

Engro Foords (EFOODS) – BUY
Current Price: PKR 156
Target Price: PKR 177.8

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 176.7
Target Price: PKR 238.2

Pak Oilfields (POL) – BUY
Current Price: PKR 372.3
Target Price: PKR 442.00

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 159.58
Target Price: PKR 221.00

Pakistan State Oil (PSO) – BUY
Current Price: PKR 383
Target Price: PKR 493

K-Electric Co. (KEL) – BUY  
Current Price: PKR 8.0
Target Price: PKR 13.3

Pakistan Telecommunication (PTC) – BUY  
Current Price: PKR 20.5
Target Price: PKR 25.1

Nishat Mills (NML) – BUY
Current Price: PKR 115.5
Target Price: PKR 168.5

Nishat Chunian Ltd. (NCL) – BUY
Current Price: PKR 37.6
Target Price: PKR 45.7

Allied Bank Limited (ABL) – BUY
Current Price: PKR 99.1
Target Price: PKR 140.0

Habib Bank Limited (HBL) – BUY
Current Price: PKR 214.06
Target Price: PKR 270

National Bank (NBP) – BUY
Current Price: PKR 53.8
Target Price: PKR 69.0

United Bank Ltd (UBL) – BUY
Current Price: PKR 171.08
Target Price: PKR 194.00

Bank Al-Falah (BAFL) – BUY
Current Price: PKR 27.16
Target Price: PKR 34

Bank Al-Habib (BAHL) – BUY
Current Price: PKR 44.40
Target Price: PKR 68

MCB Bank Ltd (MCB) – BUY
Current Price: PKR 264
Target Price: PKR 320

Lucky Cement (LUCK) – BUY
Current Price: PKR 564.24
Target Price: PKR 652.00

Following are few SELL recommendations:

Fauji Fert. Bin Qasim Ltd. (FFBL) – SELL
Current Price: PKR 58.34
Target Price: PKR 49.00

Hub Power Co (HUBCO) – SELL
Current Price: PKR 97.45
Target Price: PKR 71.00

Nishat Power Ltd (NPL) – SELL
Current Price: PKR 59.21
Target Price: PKR 38.00

Nishat Chun Power (NCPL) – SELL
Current Price: PKR 59.70
Target Price: PKR 43

Pakgen Power Ltd (PKGP) – SELL
Current Price: PKR 29.50
Target Price: PKR 24

Indus Motor (INDU) – SELL
Current Price: PKR 1242.00
Target Price: PKR 1023.00

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 5 July, 2015

The Karachi Stock Exchange (KSE) market made a comeback with a bang as low inflation numbers along with improved macroeconomic numbers helped the benchmark KSE-100 index climb a whopping 1,571 points (4.6%) to close at a new all-time high of 35,456.. KSE-100 index closed on 35,456 by gaining 1,571 points or 4.64% while KSE-30 index closed on 22,313  by gaining 1107 points or 5.22%.

While average daily volumes remained flat at 355.7 million shares traded per day, average daily values rose sharply by 19.9% and stood at Rs13.2 billion per day, reflecting higher interest in blue-chip stocks. The Karachi Stock Exchange’s market capitalisation stood at Rs7.60 trillion ($73.6 billion) at the end of the week.

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

  • Politics took a backseat while IMF’s approval for the next tranche and record high foreign exchange reserves also contributed to the positive sentiment at the bourse
  • The biggest news of the week was the announcement of the inflation figures for the month of June 2015 which clocked in at 3.16%, well below the market consensus of 4%. Inflation figures for the complete fiscal year 2015 stood at only 4.35%, which was an 11-year low
  • Approval of the 7th installment of US$506mn under the EFF raising FOREX reserves to an all‐􀆟me high of US$18.5bn
  • The market recovered the lost momentum during the week, despite the prevailing uncertainties over Greek crises which has pushed down global equity markets and slide in international oil prices
  • Finance Act 2015 was signed by the President, imposing sales tax, FED and income tax as proposed, while a transaction tax on Bank transactions for non‐filers was imposed
  • Market sentiment was further improved by the continuously improving macroeconomic situation of the country
  • The latest figures revealed the country’s foreign exchange reserves crossed $18.5 billion to hit a new record high
  • Furthermore, the IMF approved the eighth tranche to Pakistan which will further improve the forex reserves in the coming weeks
  • The banking sector was the standout performer after weeks of underperforming. The sector contributed 434 points to the index’s gains with MCB Bank leading the way with a weekly gain of 12.3%
  • The cement sector, the darling of the market in recent times, continued its impressive performance on the back of impressive sales figures and in anticipation of further growth on increased public spending. The sector contributed 322 points to the index’s gains with all major manufacturers posting nearly double-digit growth during the week
  • The fertiliser sector also continued to perform strongly after the government decided to postpone the July 1 implementation of the gas tariff hike due to Ramazan. The sector contributed 231 points to the KSE-100’s gains with Engro Corporation climbing 7.2% during the week
  • Foreigners offloaded a net of $3.6 million during the week, following up on the $16.1 million selling in the previous week
  • OGRA imposed a PkR17.8mn fine on five OMCs for not maintaining adequate stocks of POL products causing the supply crisis of Jan'15
  • FBR failed to meet its thrice revised revenue collection target of PkR2.60trn, collecting PkR2.58trn implying a shortfall of PkR25bn
  • PRL continued to move north, gaining 3.1% in the course due to initiation of isomerization plant which will double petrol output to 24k tons and Supreme Court’s decision in the favor of HUBCO (PkR1.9bn) had unlock the stock’s appreciations
  • OGRA has reportedly raised objections over 4% margins for PSO on import of LNG
  • SBP injected PKR667.8bn into the banking system to meet the liquidity gap emerged after heavy government borrowing from the banks. The central bank injected PKR624.8bn for 7‐days and Rs43bn for four days, with rate of return at 6.51% and 6.50%, respectively
  • GTYR is building a new mixing plant facility at a cost of USD10mn
  • SNGPL has awarded PKR2.537bn contracts to CSAP for the supply of bare pipes
  • Nepra gives KEL no clean chit. Nepra in its preliminary report prepared accused K‐Electric of not making appropriate investment in transmission and distribution systems due to which service quality, reliability and supply to consumers was seriously affected. When KEL injected 2500‐2700MW electricity, its transmission and distribution system could not sustain it which resulted in tripping and breakdown 

Top gainers of last week were: Punjab Oil, Bannu Woollen, Jah.Sidd. Co., Service Indus, TRG Pakistan Ltd, MCB Bank Ltd, Lafarge Pakistan, Maple Leaf Cem., Hum Network Ltd and Kohinoor Textile.
    
Top losers of last week were: Muree Brewery Co Ltd, Nestle Pakistan, Colgate Palmolive, EFU Life Assur Ltd., Orix Leasing, Nishat Chunian Power, Jubilee Life Ins, Rafhan Maize Prod., Pak Suzuki Motor and Pak Services.

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

Following are few BUY recommendations:

Pak Suzuki Motors (PSMC) – BUY
Current Price: PKR 436.9
Target Price: PKR 552.00

Fatima Fertilizer (FATIMA) – BUY
Current Price: PKR 40.7 
Target Price: PKR 50.7

Engro Fertilizers Limited (EFERT) – BUY
Current Price: PKR 92.57
Target Price: PKR 103.2

Engro Corporation (ENGRO) – BUY
Current Price: PKR 312
Target Price: PKR 338

Engro Foords (EFOODS) – BUY
Current Price: PKR 156
Target Price: PKR 177.8

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 183.5
Target Price: PKR 238.2 

Pak Oilfields (POL) – BUY
Current Price: PKR 404.4
Target Price: PKR 442.00

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 167.84
Target Price: PKR 221.00

Pakistan State Oil (PSO) – BUY
Current Price: PKR 400
Target Price: PKR 493

K-Electric Co. (KEL) – BUY 
Current Price: PKR 8.3
Target Price: PKR 13.3

Nishat Mills (NML) – BUY
Current Price: PKR 120.0
Target Price: PKR 168.5 

Allied Bank Limited (ABL) – BUY
Current Price: PKR 100.0
Target Price: PKR 140.0 

National Bank (NBP) – BUY
Current Price: PKR 54.2
Target Price: PKR 69.0

Habib Bank Limited (HBL) – BUY
Current Price: PKR 213.35
Target Price: PKR 270

United Bank Ltd (UBL) – BUY
Current Price: PKR 175.45
Target Price: PKR 194.00

Bank Al-Falah (BAFL) – BUY
Current Price: PKR 25.78
Target Price: PKR 34

Bank Al-Habib (BAHL) – BUY
Current Price: PKR 44.47
Target Price: PKR 68

Lucky Cement (LUCK) – BUY
Current Price: PKR 557.68
Target Price: PKR 652.00

MCB Bank Ltd (MCB) – BUY
Current Price: PKR 269
Target Price: PKR 320

Following are few SELL recommendations:

Fauji Fert. Bin Qasim Ltd. (FFBL) – BUY
Current Price: PKR 58.1
Target Price: PKR 49.00

Hub Power Co (HUBCO) – SELL
Current Price: PKR 98.53
Target Price: PKR 71.00

Nishat Power Ltd (NPL) – SELL
Current Price: PKR 59.61
Target Price: PKR 38.00

Nishat Chun Power (NCPL) – SELL
Current Price: PKR 59.36
Target Price: PKR 43 

Pakgen Power Ltd (PKGP) – SELL
Current Price: PKR 30.00
Target Price: PKR 24

Indus Motor (INDU) – SELL
Current Price: PKR 1259.91
Target Price: PKR 1023.00

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