Karachi Stock Exchange Weekly Analysis 30 Nov, 2015

BUY recommendations are PSMC, HCAR, INDU, FFC, EFERT, FATIMA, ENGRO, OGDC, POL, PPL, PSO, APL, NML, ABL, NBP, UBL, HBL, BAFL, BAHL, DGKC, LUCK, MLCF, FCCL and KOHC

Top gainers of last week were: Associated Services Limited, Mari Petroleum, Sui South Gas, Muree Brewery Co Ltd, Shifa International Hospitals, Ferozsons (Lab), Meezan Bank, Pak Suzuki Motor, Nishat Chunian Power and J.D.W.Sugar.
   
Top losers of last week were: Pak Elektron, Fatima Fert.Co., Jubilee Gen Ins, Bannu Woollen, Engro Foods Ltd, Arif Habib Corp, MCB Bank Ltd, Pioneer Cement, Honda Atlas Cars and Maple Leaf Cement.

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

The Karachi Stock Exchange (KSE) market index remained under the shadow of dark clouds wherein the bears loomed large as the benchmark index spilled 896 points during the week. The benchmark Karachi Stock Exchange (KSE) 100-share Index lost 896 points, or -2.65 percent, to close the week at 32,960 points. KSE 30-share Index shed 595 points, or -2.98 percent, to end at 19,406 points.

Average traded volumes during the week went down to 150mn shares (down 17.6% WoW). On the same lines, average traded value also declined by 9.2% WoW to US$51mn.

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


  • The decision by the State Bank (SBP) to keep the policy rate unchanged was highly in line with market expectations
  • The banking scrips reacted contrary to expectations of Bull Run declined by 2.38%WoW as the SBP decision brings an end to a cycle of rate cuts which had led to an attrition of banking interest rate spreads
  • VimpelCom Ltd and its 51.9%‐owned Global Telecom Holding unit are merging their Mobilink operations in Pakistan with those of Warid Telecom (Pvt) Ltd, creating a company with 45mn customers. The deal is expected to create capital and operating expenditure synergies of about USD 500mn. Mobilink CEO will become CEO of the combined business, whose board will consist of six directors from the VimpelCom and Global Telecom side and one from Warid's parent Dhabi Group
  • Bank Al Falah (BAFL PA) +0.74% rallied on the news of a merger happening between Mobilink and Warid Telecom as the bank owns 8.76% stake in Warid Telecom)
  • The oil and gas sector continued to bleed (-2.09%) vis‐a‐vis the route of global oil prices as index heavy weights OGDC ‐2.79% and POL ‐2.99% led the decline
  • Gas utility Sui South (SSGC) +9.94% rallied on speculation that the company will soon announce long awaited results
  • The cement sector declined 2.68%, led by LUCK ‐2.45% and DGKC ‐3.9% as news of a Chinese company setting up a plant in the south cast concerns over supply and pricing power
  • Engro‘s subsidiary Engro Polymer (EPCL) gained 10.09% on the back of material information disclosure that ATS Synthetics is seeking to acquire 56.2% shareholding of EPCL
  • On the local front rumors of NAB investigations being opened against prominent business names sent shockwaves across palpable investors, who were hesitant in taking any fresh positions
  • ADB has approved combined loan assistance of nearly USD1.4bn for 2 ‐ programmed that will help Pakistan resolve some of the key issues in the power sector, allowing it to lift growth, boost incomes and cut poverty 
  • Government of Pakistan urged to curb Iranian cement smuggling
  • Vehicles imports increased by 76.7% in the first fourth months of 2015‐16 to reach 14,106 units as compared with same period of previous year showing its high demand mainly on the small cars segments, the industry numbers said  


Following are few BUY recommendations:

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 475.2
Target Price: PKR 542

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 240.46
Target Price: PKR 324.00

Indus Motor (INDU) – BUY 
Current Price: PKR 1041.76
Target Price: PKR 1293.99

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 121.60
Target Price: PKR 163.5

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 82.30
Target Price: PKR 118.7

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 42.41
Target Price: PKR 58.9

Engro Corporation (ENGRO) – BUY
Current Price: PKR 274.01
Target Price: PKR 362.00

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 125.20
Target Price: PKR 212.00

Pak Oilfields (POL) – BUY 
Current Price: PKR 305.32
Target Price: PKR 423.0

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 117.40
Target Price: PKR 193.8

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 324
Target Price: PKR 493

Attock Petroleum (APL) – BUY 
Current Price: PKR 502.00
Target Price: PKR 626.37

Nishat Mills (NML) – BUY 
Current Price: PKR 97.4
Target Price: PKR 168.5

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 96.4
Target Price: PKR 135.00

National Bank (NBP) – BUY 
Current Price: PKR 55.9
Target Price: PKR 69.0

United Bank Ltd (UBL) – BUY 
Current Price: PKR 160.5
Target Price: PKR 194.00

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 208.0
Target Price: PKR 270

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 28.9
Target Price: PKR 34

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

Dera Ghazi Khan Cement (DGKC) – BUY
Current Price: PKR 132
Target Price: PKR 176

Lucky Cement (LUCK) – BUY
Current Price: PKR 493
Target Price: PKR 665

Maple Leaf Cement (MLCF) – BUY
Current Price: PKR 67.34
Target Price: PKR 79.05

Fauji Cement (FCCL) – BUY
Current Price: PKR 34.36
Target Price: PKR 39.50

Kohat Cement (KOHC) – BUY
Current Price: PKR 205.92
Target Price: PKR 268

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 Nov, 2015

BUY recommendations are PSMC, INDU, HCAR, DGKC, LUCK, MLCF, FCCL, KOHC, FFC, EFERT, FATIMA, ENGRO, EFOODS, OGDC, POL, PPL, PSO, APL, KEL, KAPCO, NML, PTC, ABL, NBP, UBL, HBL, BAFL and BAHL.

Top gainers of last week were: Associated Services Limited, Mari Petroleum, Shifa International Hospitals, TRG Pakistan Ltd, Ibrahim Fibres, B.O.Punjab, Jah.Sidd. Co., Kohinoor Textile, Pak Tobacco Co. and Attock Refinery Ltd.

Top losers of last week were: Bannu Woollen, Allied Rental Mod, Shell Pakistan, Jubilee Gen Ins, International Steels Ltd, Oil and Gas Deve, Meezan Bank, MCB Bank Ltd, Rafhan Maize Prod. and Fauji Fert Bin.

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

The Karachi Stock Exchange (KSE) market index remained under pressure this week sliding down by 0.84%WoW to 33,857pts. The benchmark Karachi Stock Exchange (KSE) 100-share Index lost -288 points, or -0.84 percent, to close the week at 33,857 points. KSE 30-share Index shed 206 points, or -1.02 percent, to end at 20,001 points.

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

  • Continuous foreign selling, decline in oil prices (WTI Crude down 2.3% WoW) and lack of any market-moving update kept investors wary from taking any fresh positions
  • Millat Tractors Limited (MTL) signing an export agreement with AGCO Corporation to export Massey Fergusons tractors
  • FDI in the country falling by 24.1%YoY during 4MFY16 clocking in at US$350.8mn, according to figures released by SBP
  • Byco releasing plans to add 50 more outlets to its existing retail network of 300 across the country
  • PNSC swapping its loan of PkR3.3bn for another with favorable terms and a 4‐yr repayment period
  • Russia offering to supply LNG to Pakistan. Scrips that led the bourse included
  • Average daily volumes declined by 5% to 176mn shares while traded value fell by 18% to Rs6.6bn/US$62.6mn
  • Foreigners were sellers this week with net selling of US$15.9mn. They offloaded stocks in Oil & Gas and Chemicals sectors with selling of US$9.4mn and US$5.4mn, respectively
  • E&P sector received an upward thrust where companies (PPL, Mari) announced conversion of new exploratory sites to Petroleum Policy 2012 which will entitle them to new rates where an improvement in margins of refineries was also witnessed as a result of maintenance endeavors across the globe
  • The FBR is likely to increase the incidence of excise duty on beverages to generate additional revenue during FY16
  • Total Parco plans PKR 21bn investment for Caltex acquisition
  • Govt to issue fresh Sukuk worth PKR 300bn

Following are few BUY recommendations:

Pak Suzuki Motors (PSMC) – BUY
Current Price: PKR 466.28
Target Price: PKR 542

Indus Motor (INDU) – BUY
Current Price: PKR 1069.99
Target Price: PKR 1293.99

Honda Atlas Cars (HCAR) – BUY
Current Price: PKR 256.52
Target Price: PKR 324.00

Dera Ghazi Khan Cement (DGKC) – BUY
Current Price: PKR 138.42
Target Price: PKR 169.5

Lucky Cement (LUCK) – BUY
Current Price: PKR 514.58
Target Price: PKR 665

Maple Leaf Cement (MLCF) – BUY
Current Price: PKR 71.82
Target Price: PKR 87.4

Fauji Cement (FCCL) – BUY
Current Price: PKR 35.21
Target Price: PKR 39.50

Kohat Cement (KOHC) – BUY
Current Price: PKR 218
Target Price: PKR 268

Fauji Fertilizer Company (FFC) – BUY
Current Price: PKR 121.60
Target Price: PKR 163.5

ENGRO Fertilizer Limited (EFERT) – BUY
Current Price: PKR 84.04
Target Price: PKR 125.00

Fatima Fertilizer (FATIMA) – BUY
Current Price: PKR 46.27
Target Price: PKR 58.9

Engro Corporation (ENGRO) – BUY
Current Price: PKR 285.89
Target Price: PKR 362.00

Engro Foods Limited (EFOODS) – BUY
Current Price: PKR 154
Target Price: PKR 181.1

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 127.46
Target Price: PKR 174.8

Pak Oilfields (POL) – BUY
Current Price: PKR 315.63
Target Price: PKR 423.0

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 120.93
Target Price: PKR 193.8

Pakistan State Oil (PSO) – BUY
Current Price: PKR 336
Target Price: PKR 456.8

Attock Petroleum (APL) – BUY
Current Price: PKR 510.26
Target Price: PKR 620.0

K-Electric Co. (KEL) – BUY
Current Price: PKR 7.7
Target Price: PKR 13.9 

Kot Addu Power Co (KAPCO) – BUY
Current Price: PKR 85.84
Target Price: PKR 97.00

Nishat Mills (NML) – BUY
Current Price: PKR 103.6
Target Price: PKR 168.5
 
Pakistan Telecommunication (PTC) – BUY
Current Price: PKR 16.8
Target Price: PKR 25.1

Allied Bank Limited (ABL) – BUY
Current Price: PKR 96.8
Target Price: PKR 120.7 

National Bank (NBP) – BUY
Current Price: PKR 56.7
Target Price: PKR 69.0

United Bank Ltd (UBL) – BUY
Current Price: PKR 162.7
Target Price: PKR 194.00

Habib Bank Limited (HBL) – BUY
Current Price: PKR 212.0
Target Price: PKR 270

Bank Al-Falah (BAFL) – BUY
Current Price: PKR 29.0
Target Price: PKR 34

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

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 14 Nov, 2015

BUY recommendations are PSMC, INDU, DGKC, LUCK, MLCF, FCCL, KOHC, FFC, EFERT, FATIMA, ENGRO, EFOODS, OGDC, POL, PPL, PSO, APL, KEL, KAPCO, NML, PTC, ABL, NBP, UBL, HBL, BAFL and BAHL.

Top gainers of last week were: Associated Services Limited, Packages Limited, Shell Pakistan, Pakgen Power Ltd., IGI Insurance, Millat Tractors, Mari Petroleum, Engro Foods Ltd, Colgate Palmolive and Dolmen City Rei.

Top losers of last week were: Ibrahim Fibres, TRG Pakistan Ltd, Pak Elektron, Jah.Sidd. Co., Arif Habib Corp, Muree Brewery Co Ltd, Indus Motor, Nishat Chunian Power, P.S.O. and National Foods.

Top ten volume leaders: SSGC, KEL, TRG, SNGP, PAEL, JSCL, PIBTL, BOP, NML, ISL, and PTC.

The Karachi Stock Exchange (KSE) market index remained under pressure throughout the week managing to end at 34,145pts, down 0.82%WoW. The benchmark Karachi Stock Exchange (KSE) 100-share Index lost 282 points, or -0.82 percent, to close the week at 34,145 points. KSE 30-share Index shed 348 points, or -1.69 percent, to end at 20,207 points.

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

  • Continuous foreign selling coupled with decline in oil prices (WTI Crude down 8.3% WoW) weighed heavily on the market as the benchmark KSE-100 index declined 0.8% WoW to close at the 34,145 level
  • Average daily volumes fell by 0.9% to 185mn shares and traded value also declined to Rs8bn/US$76mn (12.3%)
  • Foreigners trimmed their positions amid pressure on global markets. Over the week, foreigners were net sellers of US$5.7mn with major selling in Cement (US$3.4mn) and Chemical (US$3mn) sectors
  • The government has borrowed PKR96bn from commercial banks through Power Holding (Private) Limited (PHPL), to cap overdue payables below 218bn as per agreement with the IMF
  • Pakistan’s debt affordability has weakened after it shifted to non‐conventional loans by issuing USD3.5bn worth of international bonds, increasing its borrowing costs. Pakistan has been given a B3 rating, which is a sub‐investment grade with a stable outlook
  • The domestic steel industry is seeking increase in regulatory duty and sales tax on the import of finished steel products for creating a level playing field. Regulatory duty on finished steel products must be increased to at least 30% from 15% and sales tax to 30% from 17% on imported finished steel products to protect the domestic industry
  • The OGRA increased system losses in gas tariff to over 7% from 4.5% for two utilities, involving an additional revenue impact of around PKR67bn
  • The GoP approved the sovereign guarantee and foreign currency loan agreement for Sindh Engro Coal Mining Company’s (SECMC) Thar coal mining project
  • WB projected Pakistan's GDP growth at 4.5% in FY16 and to 4.8% in FY17
  • Moody’s Investors Service revised upwards the outlook for the Pakistan banking system to stable from negative
  • SBP is expected to release the date of its upcoming Monetary Policy Statement (MPS) by next week

Following are few BUY recommendations:

Pak Suzuki Motors (PSMC) – BUY
Current Price: PKR 465.9
Target Price: PKR 542

Indus Motor (INDU) – BUY
Current Price: PKR 1,097.0
Target Price: PKR 1293.99

Dera Ghazi Khan Cement (DGKC) – BUY
Current Price: PKR 137.9
Target Price: PKR 169.5

Lucky Cement (LUCK) – BUY
Current Price: PKR 520.8
Target Price: PKR 665

Maple Leaf Cement (MLCF) – BUY
Current Price: PKR 72.5
Target Price: PKR 87.4

Fauji Cement (FCCL) – BUY
Current Price: PKR 34.96
Target Price: PKR 39.50

Kohat Cement (KOHC) – BUY
Current Price: PKR 218
Target Price: PKR 268

Fauji Fertilizer Company (FFC) – BUY
Current Price: PKR 122.54
Target Price: PKR 163.5

ENGRO Fertilizer Limited (EFERT) – BUY
Current Price: PKR 84.88
Target Price: PKR 125.00

Fatima Fertilizer (FATIMA) – BUY
Current Price: PKR 46.40
Target Price: PKR 58.9

Engro Corporation (ENGRO) – BUY
Current Price: PKR 294.39
Target Price: PKR 362.00

Engro Foods Limited (EFOODS) – BUY
Current Price: PKR 158.2
Target Price: PKR 181.1

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 133.4
Target Price: PKR 174.8

Pak Oilfields (POL) – BUY
Current Price: PKR 319.3
Target Price: PKR 423.0

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 123.2
Target Price: PKR 193.8

Pakistan State Oil (PSO) – BUY
Current Price: PKR 338.4
Target Price: PKR 456.8

Attock Petroleum (APL) – BUY
Current Price: PKR 520.0
Target Price: PKR 620.0

K-Electric Co. (KEL) – BUY
Current Price: PKR 7.9
Target Price: PKR 13.9 

Kot Addu Power Co (KAPCO) – BUY
Current Price: PKR 85.8
Target Price: PKR 97.00

Nishat Mills (NML) – BUY
Current Price: PKR 102.7
Target Price: PKR 168.5
 
Pakistan Telecommunication (PTC) – BUY
Current Price: PKR 16.9
Target Price: PKR 25.1

Allied Bank Limited (ABL) – BUY
Current Price: PKR 98.0
Target Price: PKR 120.7 

National Bank (NBP) – BUY
Current Price: PKR 56.1
Target Price: PKR 69.0

United Bank Ltd (UBL) – BUY
Current Price: PKR 163.0
Target Price: PKR 194.00

Habib Bank Limited (HBL) – BUY
Current Price: PKR 210.0
Target Price: PKR 270

Bank Al-Falah (BAFL) – BUY
Current Price: PKR 29.8
Target Price: PKR 34

Bank Al-Habib (BAHL) – BUY
Current Price: PKR 44.76
Target Price: PKR 68

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 8 Nov, 2015

BUY recommendations are PSMC, INDU, DGKC, LUCK, MLCF, FCCL, KOHC, FFC, EFERT, FATIMA, ENGRO, EFOODS, OGDC, POL, PPL, PSO, APL, KEL, KAPCO, NML, PTC, ABL, NBP, UBL, HBL, BAFL and BAHL.

Top gainers of last week were: TRG Pakistan Ltd, Pakgen Power Ltd., Larpir Power Ltd, Ibrahim Fibres, Packages Limited, Punjab Oil, International Steels Ltd, P.S.O., K‐Electric and Maple Leaf Cement

Top losers of last week were: Associated Services Limited, Muree Brewery Co Ltd, Colgate Palmolive, Bata (Pak) Ltd., Engro Fertilizer, Pak Tobacco Co., Hum Network Ltd, Sui North Gas Pipe., J.D.W.Sugar and Bannu Woollen.

Top ten volume leaders: TRG, KEL, PAEL, JSCL, SSGC, SNGP, NML, MLCF, FCCL, FFBL, and EFERT.

The Karachi Stock Exchange (KSE) market index remained flat over the week as it ended at 34,426.75 pts, up 0.5%WoW. The benchmark Karachi Stock Exchange (KSE) 100-share Index lost 165 points, or 0.48 percent, to close the week at 34,427 points. KSE 30-share Index shed 138 points, or 0.67 percent, to end at 20,555 points.

Average traded volumes during the week increased to 156mn shares vs. 181mn shares in the past week (-13.8%WoW). However, average traded value followed reversed trajectory and was down by 2.35%WoW to US$83mn.

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

  • Investors remained on the sideline amid consolidate their positions as the focus has now shifted to the upcoming monetary policy to be announced in the mid of November
  • Foreigner continued the selling tune in line with previous momentum
  • E&P sector recovered 1%WoW lead by improvement in international crude prices where PSO remained the star performer in the sector on the back of an increase in local POL product prices and unexpectedly pleasant results announced last week
  • Rupee remained relatively stable against US$ during the week (PkR105.40-105.51). We believe that rupee may further depreciate against US$ in the upcoming two months
  • The country`s total liquid foreign exchange reserves reached comfortable levels of US$19.81bn during the week ending October 30
  • The International Monetary Fund (IMF) cleared the next installment of US$502mn under Pakistan’s bailout package by mid-Dec 2015
  • Government of Pakistan increased prices of petrol and high speed diesel (HSD) by PkR2.5/ltr to PkR76.26/ltr and PkR1.75/ltr to PkR83.79/ltr respectively effective Nov 01 2015
  • Urea sales for Sep’15 chocked in at 193k tons depicting 54%YoY decline while DAP nose‐dived 92%YoY to 6.8k tons
  • Domestic cement sales during 4MFY16 increased 14.38%YoY while exports plunged by 27%YoY
  • FFC set to invest in a joint venture operation to set up a new fertilizer plant in Tanzania
  • Fresh buying was seen in cement scrips led by MLCF and PIOC on strong cement sales numbers for preceding month
  • Yarn manufacturers are acting like a cartel, the value‐added apparel sector claims, as they have raised prices by 50% to PKR1,200 per 100‐pound bag from PKR800 since the imposition of 10% import duty
  • Atlas Honda Limited (AHL), a joint venture of Atlas Group and Honda Motor Company, will invest USD100mn for expansion of its motorcycle operations in Pakistan. The board of directors approved a three year expansion plan to double the installed capacity of its Sheikhupura factory from the existing 0.6mn to over 1.2mn units per annum
  • Honda Atlas Cars (Pakistan) Limited will introduce HR‐V, a 1,497cc completely built unit of Thailand origin in January 2016. The vehicle would cost around PKR3.5mn. The exact price, however, would be announced at the time of the launch based on the exchange rate. Pak Suzuki Motor Company Limited is also planning to replace its flagship Suzuki Cultus with Celerio a 1,000cc hatchback by end‐2016 or the first quarter of 2017. Market is also abuzz with reports that the Indus Motor Company also considers starting local assembly of Toyota Vitz and Toyota Vios during 2018‐ 2020 

Following are few BUY recommendations:

Pak Suzuki Motors (PSMC) – BUY
Current Price: PKR 473.0
Target Price: PKR 542

Indus Motor (INDU) – BUY
Current Price: PKR 1,147.5
Target Price: PKR 1293.99

Dera Ghazi Khan Cement (DGKC) – BUY
Current Price: PKR 139.2
Target Price: PKR 169.5

Lucky Cement (LUCK) – BUY
Current Price: PKR 535.1
Target Price: PKR 665

Maple Leaf Cement (MLCF) – BUY
Current Price: PKR 74.3
Target Price: PKR 87.4

Fauji Cement (FCCL) – BUY
Current Price: PKR 35
Target Price: PKR 39.50

Kohat Cement (KOHC) – BUY
Current Price: PKR 220
Target Price: PKR 268

Fauji Fertilizer Company (FFC) – BUY
Current Price: PKR 125.6
Target Price: PKR 163.5

ENGRO Fertilizer Limited (EFERT) – BUY
Current Price: PKR 85.8
Target Price: PKR 125.00

Fatima Fertilizer (FATIMA) – BUY
Current Price: PKR 47.0
Target Price: PKR 58.9

Engro Corporation (ENGRO) – BUY
Current Price: PKR 298.1
Target Price: PKR 362.00

Engro Foods Limited (EFOODS) – BUY
Current Price: PKR 152.6
Target Price: PKR 181.1

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 138.7
Target Price: PKR 174.8

Pak Oilfields (POL) – BUY
Current Price: PKR 329.6
Target Price: PKR 423.0

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 127.3
Target Price: PKR 193.8

Pakistan State Oil (PSO) – BUY
Current Price: PKR 353.1
Target Price: PKR 456.8

Attock Petroleum (APL) – BUY
Current Price: PKR 529.8
Target Price: PKR 620.0

K-Electric Co. (KEL) – BUY
Current Price: PKR 7.9
Target Price: PKR 13.9 

Kot Addu Power Co (KAPCO) – BUY
Current Price: PKR 86.2
Target Price: PKR 97.00

Nishat Mills (NML) – BUY
Current Price: PKR 101.2
Target Price: PKR 168.5
 
Pakistan Telecommunication (PTC) – BUY
Current Price: PKR 17.5
Target Price: PKR 25.1

Allied Bank Limited (ABL) – BUY
Current Price: PKR 99.1
Target Price: PKR 120.7 

National Bank (NBP) – BUY
Current Price: PKR 55.5
Target Price: PKR 69.0

United Bank Ltd (UBL) – BUY
Current Price: PKR 163.8
Target Price: PKR 194.00

Habib Bank Limited (HBL) – BUY
Current Price: PKR 211
Target Price: PKR 270

Bank Al-Falah (BAFL) – BUY
Current Price: PKR 28.9
Target Price: PKR 34

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

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 1 Nov, 2015

BUY recommendations are PSMC, INDU, DGKC, LUCK, MLCF, FCCL, KOHC, FFC, EFERT, FATIMA, ENGRO, EFOODS, OGDC, POL, PPL, PSO, APL, KEL, KAPCO, NML, PTC, ABL, NBP, UBL, HBL, BAFL and BAHL.

Top gainers of last week were: Bannu Woollen, Bata (Pak) Ltd., Colgate Palmolive, Indus Motor, Arif Habib Corp, Dawood Hercules Chem, Pak Services, IGI Insurance, Pak Tobacco Co. and Shifa International Hospitals.
    
Top losers of last week were: Ibrahim Fibres, Allied Rental Mod, Hum Network Ltd, Nestle Pakistan, Millat Tractors, Larpir Power Ltd, Jubilee Gen Ins, Thal Limited, Pakgen Power Ltd. and Attock Cement Ltd.

Top ten volume leaders: KEL, PAEL, JSCL, TRG, BOP, SSGC, FCCL, SNGP, FFBL, UBL, and ENGRO.

The Karachi Stock Exchange (KSE) market received a spark in the form of impressive earnings announcements that helped the benchmark KSE-100 index gain 316 points (0.9%) and shoot past the 34,000 barrier during the week ended October 30. The benchmark Karachi Stock Exchange (KSE) 100-share Index lost 316 points, or 0.93 percent, to close the week at 34,262 points. KSE 30-share Index shed 129 points, or 0.64 percent, to end at 20,417 points.

Average daily volumes were up slightly by 2.1% and were recorded at 165.2 million shares traded per day, while average daily values picked up 13.4% and stood at Rs9.28 billion per day. The Karachi Stock Exchange’s market capitalisation stood at Rs7.28 trillion ($68.8 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:

  • The earnings season, along with a recovery in crude oil prices and global equities, proved to be the catalyst and resulted in the KSE-100 index closing at 34,261 points on Friday
  • The cement, auto and banking sectors led the gains during the week after strong results from major players in the respective sectors. The oil and gas sector also rebounded after taking a beating in the previous week
  • Lucky Cement announced its decision to set up a new cement plant in the Punjab province in its earnings announcement
  • The auto sector also performed well after earnings announcements by the Indus Motor Company (Toyota) and Pak Suzuki Motor Company exceeded investors’ expectations. The share price of both companies jumped 11.5% and 5.9%, respectively during the week
  • Pakistan State Oil announced surprisingly good earnings and put a shot in the arm of the Oil Marketing Companies (OMC) sector
  • Foreigners continued to offload equity at the bourse and were net sellers of a whopping $20 million worth of equity during the week
  • NBP and UBL announced their earnings with NBP’s profits expanding by 7% Q/Q whereas UBL’s results were mainly in line with market expectations
  • EFERT’s surprise payout announcement failed to mask the otherwise disappointing results as FFBL faced the ire of investors after below par earnings
  • KEL’s doubled earnings were cheered by the market as the scrip gained 3.6% during the week
  • KEL, Pakistan and US OPIC executed a commitment letter for USD250mn 10‐year financing project. it is expected that K-Electric grid strengthening project will significantly improve the reliability, stability and efficiency of the K‐Electric power network and increase K‐Electric's transmission system capacity by 33% (up to 1000MVA), thereby allowing it to deliver more electricity to customers
  • Fatima Fertilizer (FATIMA) is scheduled to announce its 9MCY15 results on October 30,2015 for the period of 9MCY15
  • NEPRA approved a refund of PKR 2.88 per unit to the consumers over charged by the Discos in September 2015
  • The value‐added textile sector on Monday slammed the imposition of 10% R/D on import of cotton yarn and fabric from India on the grounds that a case of anti‐dumping filed by spinners’ body is already pending before the NTC
  • On Tuesday morning there was an incident of a fire at Crude Oil Heater of Byco Oil Pakistan Limited, Mouza Kund, Lasbella, Balochistan. The fire was controlled by the Refinery's emergency response team
  • FFC has entered into a joint venture for setting up large‐scale fertilizer plant in Tanzania
  • The forex market was buzzing with activity as local currency hit 21 month low. Despite continuous foreign inflows, PKR shed 111 paisas (↓ 1.04%) against US dollar, allowing green back to rise to PKR 105.52

Following are few BUY recommendations:

Pak Suzuki Motors (PSMC) – BUY
Current Price: PKR 465.8
Target Price: PKR 542

Indus Motor (INDU) – BUY
Current Price: PKR 1,194.5
Target Price: PKR 1293.99

Dera Ghazi Khan Cement (DGKC) – BUY
Current Price: PKR 140.7
Target Price: PKR 169.5

Lucky Cement (LUCK) – BUY
Current Price: PKR 535.3
Target Price: PKR 665

Maple Leaf Cement (MLCF) – BUY
Current Price: PKR 71.1
Target Price: PKR 87.4

Fauji Cement (FCCL) – BUY
Current Price: PKR 35.79
Target Price: PKR 39.50

Kohat Cement (KOHC) – BUY
Current Price: PKR 215
Target Price: PKR 268

Fauji Fertilizer Company (FFC) – BUY
Current Price: PKR 125.51
Target Price: PKR 163.5

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 91.51
Target Price: PKR 125.00

Fatima Fertilizer (FATIMA) – BUY
Current Price: PKR 46.6
Target Price: PKR 58.9

Engro Corporation (ENGRO) – BUY
Current Price: PKR 305.6
Target Price: PKR 362.00

Engro Foods Limited (EFOODS) – BUY
Current Price: PKR 149.7
Target Price: PKR 181.1

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 138.0
Target Price: PKR 174.8

Pak Oilfields (POL) – BUY
Current Price: PKR 319.0
Target Price: PKR 423.0

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 127.1
Target Price: PKR 193.8

Pakistan State Oil (PSO) – BUY
Current Price: PKR 337.5
Target Price: PKR 456.8

Attock Petroleum (APL) – BUY
Current Price: PKR 518.0
Target Price: PKR 620.0

K‐Electric Co. (KEL) – BUY 
 Current Price: PKR 7.6
Target Price: PKR 13.9 

Kot Addu Power Co (KAPCO) – BUY
Current Price: PKR 84.67
Target Price: PKR 97.00

Nishat Mills (NML) – BUY 
 Current Price: PKR 102.9
Target Price: PKR 168.5
 
Pakistan Telecommunication (PTC) – BUY
Current Price: PKR 17.6
Target Price: PKR 25.1

Allied Bank Limited (ABL) – BUY
Current Price: PKR 100.9
Target Price: PKR 120.7 

National Bank (NBP) – BUY 
 Current Price: PKR 55.8
Target Price: PKR 69.0

United Bank Ltd (UBL) – BUY
Current Price: PKR 164.1
Target Price: PKR 194.00

Habib Bank Limited (HBL) – BUY
Current Price: PKR 209.7
Target Price: PKR 270

Bank Al-Falah (BAFL) – BUY 
 Current Price: PKR 28.7
Target Price: PKR 34

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

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