Karachi Stock Exchange Weekly Analysis 27 Dec, 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: Soneri Bank, Attock Refinery Ltd., Jah.Sidd. Co., Fatima Fert.Co., Allied Rental Mod, Nestle Pakistan, Rafhan Maize Prod., Larpir Power Ltd, Askari Bank Ltd. and Shifa International Hospitals.

Top losers of last week were: Associated Services Limited, Pak Tobacco Co.XD, Ferozsons (Lab), Nishat Chunian, Sui South Gas, Sui North Gas Pipe., Indus Dyeing, Colgate Palmolive, Allied Bank and Nishat Mills Limited.

Top ten volume leaders: PAEL, JSCL, SNGP, HBL, TRG, BOP, SSGC, OGDC, FFC, KEL, and ENGRO.

The Karachi Stock Exchange (KSE) market recorded three consecutive days of decline as falling crude oil prices and regulatory concerns for the banking sector caused selling pressure at the bourse, resulting in the benchmark KSE-100 index falling 276 points (0.8%) during the week ended December 23.

Average daily volumes fell sharply by 34.4% and stood at 91.3 million shares while average daily values plummeted 24.5% and were recorded at Rs6.6 billion. The Karachi Stock Exchange’s market capitalisation stood at Rs6.84 trillion ($65.3 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 week was cut short to only three days due to public holidays on December 24 and December 25 on account of 12th Rabiul Awwal and Quaid-e-Azam Day respectively. Investors took a backseat as volumes remained abysmally low in all three trading sessions
  • With oil prices falling to six-year lows, pressure mounted on the KSE-100 index due to the futures contract rollover week
  • Some support came in the form of approval of the ninth tranche of the International Monetary Fund (IMF) loan programme and positive developments about gas supply to Engro Fertilizers
  • The week started off on a negative note as the index fell 118 points on Monday as selling was witnessed in index heavyweights Oil and Gas Development Company due to falling crude oil prices and Habib Bank Limited due to the investigation at its New York branch
  • Foreigners continued to be net sellers at the bourse offloading a net $1.8 million worth of equity during the shortened week. The number was an improvement over the $10.2 million net selling registered in the previous week
  • The fertiliser sector dominated the headlines with news of the Ministry of Petroleum proposing an extension in gas supply from Mari gas field to the Engro Fertilizers’ plant beyond 2015
  • Uncertainty prevails on political front as Anti‐terrorism court ordered to put Dr.Asim on terror charge and issued non‐bailable arrest warrants against numerous senior leaders of a renowned political party
  • International crude (Brent) slumped to eleven years low hovering around USD 36.10/barrel as US lifts ban on its crude exports. This may add fuel to the on‐going fight for market share among oil producing nations
  • Going against the trend, investors opted value hunting in cement scrips with DGKC and CHCC being amongst the major gainers in the sector
  • FFC remained a victim of foreign selling as stock price made a new 52‐week low; closing down by 3.6% during the week
  • NETSOL was in limelight with stock gaining 16% W/W as company signed USD 100mn contracts to implements its software solutions globally
  • The top gainer during the week was SNBL while ATRL and JSCL secured the second and third spot respectively
  • IMF has approved USD498mn tranche for Pakistan. Pakistan's reserves would increase to USD21bn with the inflow of USD498mn from the IMF
  • As a result of the OGRA decision, from January 2016, the gas tariff will go up by 38% for SNGPL consumers. OGRA has approved an increase in gas tariff by PKR107/mmbtu for the consumers of SNGPL, while the regulator has approved a reduction in gas tariff for the consumers of SSGC by PKR25.32/ mmbtu
  • South Africa imposes 14‐77pc dumping duties on Pakistan cement
  • Cotton production falls 32%
  • PAC should decide fate of PKR480bn circular debt
  • Siemens Pakistan to spin off healthcare business
  • Cement industry worried as raw material evaporating fast
  • No intention to privatize PIA: Ishaq Dar
  • Ministry wants Engro to continue getting gas from Mari

Following are few BUY recommendations:

Pak Suzuki Motors (PSMC) – BUY
Current Price: PKR 484.78
Target Price: PKR 542

Indus Motor (INDU) – BUY
Current Price: PKR 1005.39
Target Price: PKR 1293.99

Honda Atlas Cars (HCAR) – BUY
Current Price: PKR 243.52
Target Price: PKR 324.00

Dera Ghazi Khan Cement (DGKC) – BUY
Current Price: PKR 143.89
Target Price: PKR 169.5

Lucky Cement (LUCK) – BUY
Current Price: PKR 495.80
Target Price: PKR 665

Maple Leaf Cement (MLCF) – BUY
Current Price: PKR 71.42
Target Price: PKR 87.4

Fauji Cement (FCCL) – BUY
Current Price: PKR 36.27
Target Price: PKR 39.50

Kohat Cement (KOHC) – BUY
Current Price: PKR 232.12
Target Price: PKR 268

Fauji Fertilizer Company (FFC) – BUY
Current Price: PKR 109.40
Target Price: PKR 163.5

ENGRO Fertilizer Limited (EFERT) – BUY
Current Price: PKR 83.49
Target Price: PKR 125.00

Fatima Fertilizer (FATIMA) – BUY
Current Price: PKR 43.59
Target Price: PKR 58.9

Engro Corporation (ENGRO) – BUY
Current Price: PKR 275.49
Target Price: PKR 362.00

Engro Foods Limited (EFOODS) – BUY
Current Price: PKR 145
Target Price: PKR 181.1

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 115.98
Target Price: PKR 174.8

Pak Oilfields (POL) – BUY
Current Price: PKR 268.92
Target Price: PKR 423.0

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 119.06
Target Price: PKR 193.8

Pakistan State Oil (PSO) – BUY
Current Price: PKR 334
Target Price: PKR 456.8

Attock Petroleum (APL) – BUY
Current Price: PKR 475
Target Price: PKR 620.0

K-Electric Co. (KEL) – BUY
Current Price: PKR 7.35
Target Price: PKR 13.9 

Kot Addu Power Co (KAPCO) – BUY
Current Price: PKR 82.88
Target Price: PKR 97.00

Nishat Mills (NML) – BUY
Current Price: PKR 93
Target Price: PKR 168.5
 
Pakistan Telecommunication (PTC) – BUY
Current Price: PKR 16
Target Price: PKR 25.1

Allied Bank Limited (ABL) – BUY
Current Price: PKR 91.08
Target Price: PKR 120.7 

National Bank (NBP) – BUY
Current Price: PKR 53.05
Target Price: PKR 69.0

United Bank Ltd (UBL) – BUY
Current Price: PKR 153.63
Target Price: PKR 194.00

Habib Bank Limited (HBL) – BUY
Current Price: PKR 201.80
Target Price: PKR 270

Bank Al-Falah (BAFL) – BUY
Current Price: PKR 28.98
Target Price: PKR 34

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

Karachi Stock Exchange Weekly Analysis 20 Dec, 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: Pak Petroleum, Archroma Pakistan, Mari Petroleum, Kohat Cement, Shifa International Hospitals, Shell Pakistan, Ghani Glass Ltd, Orix Leasing, P.S.O. and Cherat Cement.

Top losers of last week were: Sui North Gas Pipe., Associated Services Limited, TRG Pakistan Ltd, Sui South Gas, Rafhan Maize Prod., Nestle Pakistan, Larpir Power Ltd, B.O.Punjab, Bannu Woollen and J.D.W.Sugar.

Top ten volume leaders: TRG, SSGC, SNGP, BOP, PAEL, JSCL, KEL, OGDC, PPL, PIBTL, and MLCF.

The Karachi Stock Exchange (KSE) market witnessed volatility during the week as the index traded in the range of 625pts. The benchmark Karachi Stock Exchange (KSE) 100-share Index gained 341 points, or 1.04 percent, to close the week at 33,049 points. KSE 30-share Index gain 191 points, or 0.99 percent, to end at 19,391 points.

Average traded volumes went down by 23% to 139mn shares/day, while average traded value stand out at US$82mn (down 3.1% WoW). As far as FIPI is concerned, foreigners sold US$6.1mn during the week as compared to net selling of US$10.2mn in the past week.

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

  • OPEC’S indecision to maintain its oil output in its last week’s policy review has triggered another slide in global crude oil prices where Arablight/Brent have slipped 7.7%/7.4%
  • SBP announced auction of GoP three year Ijara Sukuk against Jinnah International Airport Karachi as the underlying Asset with expected borrowing over PkR300bn
  • Remittances for Nov’15 clocked in at US$1.6bn rising 18.5%YoY while for 5MFY16 remittances amounted to US$8bn up by 7.5%YoY
  • HCAR raised its prices with immediate effect following 1% additional duty on imports
  • APCMA number show cement sales grew by 15.5%YoY to 12.2mn tonnes in 5MFY16
  • ECC of the Cabinet allowed the export of 0.5mn metric tons of sugar by Mar 31’16 and approved PkR13 as cash freight subsidy on the export
  • PPL gained attention amid huge gas discovery of 56mmcfd with the stock hitting upper limit
  • Global markets welcome the 0.25bps hike in FED rate as it shows better economic health of one of the leading world economy
  • The local political puddle saw the extension of stay for the Sindh Rangers, to allow them to continue their security operation in the province
  • Major energy breakthrough: TAPI launched
  • ADB to provide USD1.2 to USD1.5bn in 2016
  • PSMC, the country’s largest carmaker, is planning to introduce 2‐fresh variants in the local market, besides setting up a manufacturing plant for spare parts at a total investment of USD430mn. PSMC will introduce a smaller car in the 660cc engine category, while also introducing a 1,600cc compact SUV
  • FED raises interest rates for first time in a decade
  • Petroleum products contribute 44% to sales tax collection

Following are few BUY recommendations:

Pak Suzuki Motors (PSMC) – BUY
Current Price: PKR 470.1
Target Price: PKR 542

Indus Motor (INDU) – BUY
Current Price: PKR 1,015.5
Target Price: PKR 1293.99

Honda Atlas Cars (HCAR) – BUY
Current Price: PKR 241.17
Target Price: PKR 324.00

Dera Ghazi Khan Cement (DGKC) – BUY
Current Price: PKR 138.4
Target Price: PKR 169.5

Lucky Cement (LUCK) – BUY
Current Price: PKR 496.7
Target Price: PKR 665

Maple Leaf Cement (MLCF) – BUY
Current Price: PKR 69.9
Target Price: PKR 87.4

Fauji Cement (FCCL) – BUY
Current Price: PKR 36.00
Target Price: PKR 39.50

Kohat Cement (KOHC) – BUY
Current Price: PKR 235.13
Target Price: PKR 268

Fauji Fertilizer Company (FFC) – BUY
Current Price: PKR 113.56
Target Price: PKR 163.5

ENGRO Fertilizer Limited (EFERT) – BUY
Current Price: PKR 83.55
Target Price: PKR 125.00

Fatima Fertilizer (FATIMA) – BUY
Current Price: PKR 41.50
Target Price: PKR 58.9

Engro Corporation (ENGRO) – BUY
Current Price: PKR 276.61
Target Price: PKR 362.00

Engro Foods Limited (EFOODS) – BUY
Current Price: PKR 147
Target Price: PKR 181.1

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 114.7
Target Price: PKR 174.8

Pak Oilfields (POL) – BUY
Current Price: PKR 269.6
Target Price: PKR 423.0

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 111.0
Target Price: PKR 193.8

Pakistan State Oil (PSO) – BUY
Current Price: PKR 329.2
Target Price: PKR 456.8

Attock Petroleum (APL) – BUY
Current Price: PKR 471.5
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 83.1
Target Price: PKR 97.00

Nishat Mills (NML) – BUY
Current Price: PKR 95.4
Target Price: PKR 168.5
 
Pakistan Telecommunication (PTC) – BUY
Current Price: PKR 16.3
Target Price: PKR 25.1

Allied Bank Limited (ABL) – BUY
Current Price: PKR 97.5
Target Price: PKR 120.7 

National Bank (NBP) – BUY
Current Price: PKR 55.0
Target Price: PKR 69.0

United Bank Ltd (UBL) – BUY
Current Price: PKR 159.4
Target Price: PKR 194.00

Habib Bank Limited (HBL) – BUY
Current Price: PKR 215.4
Target Price: PKR 270

Bank Al-Falah (BAFL) – BUY
Current Price: PKR 29.6
Target Price: PKR 34

Bank Al-Habib (BAHL) – BUY
Current Price: PKR 42.50
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 Dec, 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: Mari Petroleum, Ferozsons (Lab), Bata (Pak) Ltd., B.O.Punjab, Arif Habib Corp, Sui South Gas, Pak Int.Bulk Ter, Larpir Power Ltd, Packages Limited and Abbott Lab
   
Top losers of last week were: Nestle Pakistan, Allied Rental Mod, Pak Oilfields, Bannu Woollen, Indus Dyeing, EFU Life Assur Ltd., Hum Network Ltd, Attock Petroleum, Ibrahim Fibres and Oil and Gas Deve.

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

The Karachi Stock Exchange (KSE) market index ended the week on a positive note by recovering back to its previous 33K pts to settle at 33,049pts up 1.04% WoW . The benchmark Karachi Stock Exchange (KSE) 100-share Index gain 341 points, or 1.04 percent, to close the week at 33,049 points. KSE 30-share Index shed 191 points, or 0.99 percent, to end at 19,391 points.

Trading volumes showed some improvement with average volumes for the week resting at 181mn vs 155mn shares.

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


  • OPEC’S indecision to maintain its oil output in its last week’s policy review has triggered another slide in global crude oil prices where Arablight/Brent have slipped 7.7%/7.4%
  • SBP announced auction of GoP three year Ijara Sukuk against Jinnah International Airport Karachi as the underlying Asset with expected borrowing over PkR300bn
  • Remittances for Nov’15 clocked in at US$1.6bn rising 18.5%YoY while for 5MFY16 remittances amounted to US$8bn up by 7.5%YoY
  • HCAR raised its prices with immediate effect following 1% additional duty on imports
  • Government of Pakistan has levied 1% additional duty on the import of raw material for the agriculture sector, which will also increase the prices of tractors between PKR5,000 and PKR10,000 with immediate effect
  • APCMA number show cement sales grew by 15.5%YoY to 12.2mn tonnes in 5MFY16
  • ECC of the Cabinet allowed the export of 0.5 mn metric tons of sugar by Mar 31’16 and approved PkR13 as cash freight subsidy on the export
  • Government gives sugar industry PKR7bn export subsidy instead of benefiting consumers
  • Foreigners continued selling spree of US$10.2mn during the week as compared to net selling of US$17mn in the past week
  • MARI was the star performer of the week as the company aimed to ramp‐up its gas production by 150 – 200 mmscfd within a couple of months
  • Announcement made by the Mari Gas that it will add 200mmcfd of gas within a couple of months which in turn provided momentum to the fertilizer industry
  • Engro Foods also added to rally as it is about to launch powdered milk in the next 6 months
  • Appreciation of Pak Rupee against the U.S. dollar attracted investor attention in the market
  • Government of Pakistan takes concrete step towards PIA sell‐off
  • PIA has issued 2.356bn shares to the federal government against its advance equity of the same amount. The airline also increased its authorised capital to PKR54bn, from PKR30bn 
  • The Asian Development Bank on Friday approved USD 250mn loan for Pakistan to boost cross‐border trade activity with its neighbouring countries by reducing customs processing time for cargo and goods at three key border points of Chaman, Torkham, and Wagah 
  • PACRA upgrades Bestway Cement’s rating
  • Arif Habib Corp to acquire 28.23% shares of Silk Bank
  • Millat Tractors goes global with historic signing of export agreement with AGCO


Following are few BUY recommendations:

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 470.1
Target Price: PKR 542

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 239.45
Target Price: PKR 324.00

Indus Motor (INDU) – BUY 
Current Price: PKR 1,015.5
Target Price: PKR 1293.99

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 115.72
Target Price: PKR 163.5

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 84.18
Target Price: PKR 118.7

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 43.26
Target Price: PKR 58.9

Engro Corporation (ENGRO) – BUY
Current Price: PKR 279.16
Target Price: PKR 362.00

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 114.66
Target Price: PKR 212.00

Pak Oilfields (POL) – BUY 
Current Price: PKR 269.58
Target Price: PKR 423.0

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 110.98
Target Price: PKR 193.8

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 329
Target Price: PKR 493

Attock Petroleum (APL) – BUY 
Current Price: PKR 471.50
Target Price: PKR 626.37

Nishat Mills (NML) – BUY 
Current Price: PKR 95
Target Price: PKR 168.5

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 97.47
Target Price: PKR 135.00

National Bank (NBP) – BUY 
Current Price: PKR 54.99
Target Price: PKR 69.0

United Bank Ltd (UBL) – BUY 
Current Price: PKR 159.38
Target Price: PKR 194.00

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 215.39
Target Price: PKR 270

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 29.62
Target Price: PKR 34

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 43.50
Target Price: PKR 68

Dera Ghazi Khan Cement (DGKC) – BUY
Current Price: PKR 138.35
Target Price: PKR 176

Lucky Cement (LUCK) – BUY
Current Price: PKR 496.67
Target Price: PKR 665

Maple Leaf Cement (MLCF) – BUY
Current Price: PKR 69.89
Target Price: PKR 79.05

Fauji Cement (FCCL) – BUY
Current Price: PKR 35.56
Target Price: PKR 39.50

Kohat Cement (KOHC) – BUY
Current Price: PKR 221
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 6 Dec, 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: Ghani Glass Ltd, Ferozsons (Lab), Stand.Chart.Bank, Service Indus, Colgate Palmolive, Kohat Cement, GlaxoSmithKline Pak., Pioneer Cement, Engro Corp and Fauji Cement Company Ltd.

Top losers of last week were: Associated Services Limited, Bannu Woollen, Jah.Sidd. Co., Ibrahim Fibres, Pak Oilfields, Packages Limited, Shifa International Hospitals, Sui South Gas, Abbott Lab and Oil and Gas Deve

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

The Karachi Stock Exchange (KSE) market witnessed high volatility during the week where escalation in political uncertainty caused the KSE-100 index to lose 1250pts in the week’s first two consecutive sessions. The benchmark Karachi Stock Exchange (KSE) 100-share Index lost -252 points, or -0.77 percent, to close the week at 32,708 points. KSE 30-share Index shed -206 points, or -1.06 percent, to end at 19,200 points.

Average traded volumes during the week increased to 154.6mn shares (+3.88% WoW). On the same lines, average traded value also improved by 3% WoW to US$72.8mn. As far as FIPI is concerned foreign investors’ sold US$17mn during the week as compared to net selling of US$13.1mn in the past week.

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

  • Nov’15 CPI-based inflation clocking in at 2.73%YoY (0.59%MoM) vs. 1.61%YoY in Oct’15
  • GoP increasing import duties by 5-10% on luxury items (incl. used cars >1000cc), FED on cigarettes and customs tariffs by 1%
  • SECP accepting major broker demands regarding the proposed Securities Brokers Regulations, 2015
  • Nishat Chunian, Nishat Power, Hub Power (Narowal), Saif Power and 5 other IPPs approaching international arbitration against NTDC for unpaid capacity payments of PkR11bn
  • PkR/US$ parity coming under pressure in the open market to trade at PkR107.70 as US$ continued to gain strength
  • Foreigners continued to be net sellers at the bourse, offloading a net of $17 million worth of equity during the week, as opposed to the $13.1 million net selling in the previous week
  • Oil prices continued to remain low and showed no signs of improving after OPEC announced that it would maintain oil production at high levels despite the current supply glut. With crude oil prices sustaining low levels, the all-important Oil and Gas sector remained under pressure and shed 3.8% of its value during the week, knocking off 142 points from the KSE-100 index in the process
  • Pakistan’s non‐textile exports fell by 22.56% to USD2.605bn during the 4MFY16 from USD3.364bn in the same period last year. Exports of tanned leather dropped 22.48% and leather products by 16.80%

Following are few BUY recommendations:

Pak Suzuki Motors (PSMC) – BUY
Current Price: PKR 460.0
Target Price: PKR 542

Indus Motor (INDU) – BUY
Current Price: PKR 1,021.7
Target Price: PKR 1293.99

Honda Atlas Cars (HCAR) – BUY
Current Price: PKR 240.30
Target Price: PKR 324.00

Dera Ghazi Khan Cement (DGKC) – BUY
Current Price: PKR 133.6
Target Price: PKR 169.5

Lucky Cement (LUCK) – BUY
Current Price: PKR 495.3
Target Price: PKR 665

Maple Leaf Cement (MLCF) – BUY
Current Price: PKR 67.6
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 213
Target Price: PKR 268

Fauji Fertilizer Company (FFC) – BUY
Current Price: PKR 117.5
Target Price: PKR 163.5

ENGRO Fertilizer Limited (EFERT) – BUY
Current Price: PKR 81.5
Target Price: PKR 125.00

Fatima Fertilizer (FATIMA) – BUY
Current Price: PKR 42.0
Target Price: PKR 58.9

Engro Corporation (ENGRO) – BUY
Current Price: PKR 280.3
Target Price: PKR 362.00

Engro Foods Limited (EFOODS) – BUY
Current Price: PKR 145.9
Target Price: PKR 181.1

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 119.4
Target Price: PKR 174.8

Pak Oilfields (POL) – BUY
Current Price: PKR 286.0
Target Price: PKR 423.0

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 113.3
Target Price: PKR 193.8

Pakistan State Oil (PSO) – BUY
Current Price: PKR 319
Target Price: PKR 456.8

Attock Petroleum (APL) – BUY
Current Price: PKR 492.0
Target Price: PKR 620.0

K-Electric Co. (KEL) – BUY
Current Price: PKR 7.3
Target Price: PKR 13.9

Kot Addu Power Co (KAPCO) – BUY
Current Price: PKR 83.8
Target Price: PKR 97.00

Nishat Mills (NML) – BUY
Current Price: PKR 98.17
Target Price: PKR 168.5
 
Pakistan Telecommunication (PTC) – BUY
Current Price: PKR 16.39
Target Price: PKR 25.1

Allied Bank Limited (ABL) – BUY
Current Price: PKR 95.35
Target Price: PKR 120.7

National Bank (NBP) – BUY
Current Price: PKR 54.31
Target Price: PKR 69.0

United Bank Ltd (UBL) – BUY
Current Price: PKR 153.53
Target Price: PKR 194.00

Habib Bank Limited (HBL) – BUY
Current Price: PKR 209.20
Target Price: PKR 270

Bank Al-Falah (BAFL) – BUY
Current Price: PKR 29.01
Target Price: PKR 34

Bank Al-Habib (BAHL) – BUY
Current Price: PKR 43
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