Pakistan Stock Exchange (PSX) Weekly Analysis 27 Mar, 2016

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

Top gainers of last week were: Punjab Oil, Pakgen Power Ltd., Larpir Power Ltd, EFU Life Assur Ltd., D.G.K.Cement, International Steels Ltd, Maple Leaf Cem., Pioneer Cement, Muree Brewery Co Ltd and Sui North Gas Pipe.

Top losers of last week were: Pak Suzuki Motor, Indus Motor, Askari Bank Ltd., Bannu Woollen, Stand.Chart.Bank, National Bank of Pak, IGI Insurance, B.O.Punjab, K-Electric (KESC) and Allied Bank.

Top ten volume leaders: TRG, KEL, BOP, SNGP, FCCL, FATIMA, OGDC, SSGC, EFOODS, PAEL, and EFERT.

The Karachi Stock Exchange (KSE) market index remained lacklustre during the week. The benchmark Karachi Stock Exchange (KSE) 100-share Index losing -203 points, or -0.62 percent, to close the week at 32,877 points. KSE 30-share Index losing -235 points, or -1.21 percent, to end at 19,139 points.

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

  • Foreigners were net sellers of US$2.3mn this week. Net selling was seen in Oil & Gas Exploration and Chemicals sector of US$2.6mn and US$2.4mn, respectively. Net buying of US$2.8mn was witnessed in Cement sector
  • Visit of Iranian President to Pakistan for 2 days, where the talks will feature discussion on Iran-Pakistan gas pipeline, a plan to increase trade between the two countries and increase electricity sale to Pakistan
  • Auto sector had a rough week as investors have started to reduce large capped auto stocks from their portfolio as the long‐awaited auto policy was meaningless to existing assemblers
  • Cement stocks rallied as GoP approved to provide freight subsidy on cement exports under Strategic Trade Policy Framework where DGKC, PIOC and MLCF ended the week in deep green
  • Government doubles regulatory duty on iron, steel imports to 30%
  • LSM registering 4.12%YoY growth in 7MFY16
  • HUBC announcing reduction of stake in China Power Hub Generation Company
  • Imposition of 15% additional RD on import of finished iron and steel products till Jun 30’16
  • MARI planning to increase 150‐200mmscfd hydrocarbon output to avail higher prices

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY
Current Price: PKR 84.54
Target Price: PKR 135.00

Attock Petroleum (APL) – BUY
Current Price: PKR 420.57
Target Price: PKR 626.37

Bank Al-Falah (BAFL) – BUY
Current Price: PKR 24.31
Target Price: PKR 32

Bank Al-Habib (BAHL) – BUY
Current Price: PKR 41.35
Target Price: PKR 68

DG Khan Cement (DGKC) – BUY
Current Price: PKR 172.6
Target Price: PKR 237

ENGRO Fertilizer Limited (EFERT) – BUY
Current Price: PKR 68.61
Target Price: PKR 118

Engro Corporation (ENGRO) – BUY
Current Price: PKR 307.25
Target Price: PKR 362.00

Fatima Fertilizer (FATIMA) – BUY
Current Price: PKR 31.71
Target Price: PKR 49

Fauji Fertilizer Company (FFC) – BUY
Current Price: PKR 106.13
Target Price: PKR 124.19

Habib Bank Limited (HBL) – BUY
Current Price: PKR 177.44
Target Price: PKR 249.7

Honda Atlas Cars (HCAR) – BUY
Current Price: PKR 235.70
Target Price: PKR 330.00

Indus Motor (INDU) – BUY
Current Price: PKR 909.95
Target Price: PKR 1305

K-Electric (KEL) – BUY
Current Price: PKR 6.8
Target Price: PKR 13.7

Lucky Cement (LUCK) – BUY
Current Price: PKR 534.56
Target Price: PKR 652

Kot Addu Power Co (KAPCO) – BUY
Current Price: PKR 77.70
Target Price: PKR 94

MCB Bank Limited (MCB) – BUY
Current Price: PKR 208.06
Target Price: PKR 268

Maple Leaf Cement Factory (MLCF) – BUY
Current Price: PKR 92
Target Price: PKR 108

National Bank (NBP) – BUY
Current Price: PKR 51.17
Target Price: PKR 65.00

Nishat Chun Power (NCPL) – BUY
Current Price: PKR 50.00
Target Price: PKR 63

Nishat Mills (NML) – BUY
Current Price: PKR 96.1
Target Price: PKR 129.2

Nishat Power Ltd (NPL) – BUY
Current Price: PKR 49.96
Target Price: PKR 59

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 116.05
Target Price: PKR 160

Pak Oilfields (POL) – BUY
Current Price: PKR 257.99
Target Price: PKR 348

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 129.33
Target Price: PKR 168

Pak Suzuki Motors (PSMC) – BUY
Current Price: PKR 399.75
Target Price: PKR 532

Pakistan State Oil (PSO) – BUY
Current Price: PKR 348.9
Target Price: PKR 456

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

United Bank Ltd (UBL) – BUY
Current Price: PKR 153.53
Target Price: PKR 195.7

Thank you very much for reading this article.

NOTE: The information posted in this blog /forum (http://www.karachistockexchange.org/) is based on current affairs & investors point of view. There may be discrepancy in the ground realities.

Written by: Rana Khurram

Pakistan Stock Exchange (PSX) Weekly Analysis 21 Mar, 2016

BUY recommendations are ABL, APL, BAFL, BAHL, CHCC, DGKC, EFERT, ENGRO, FATIMA, FFBL, HBL, HCAR, INDU, KEL, LUCK, MCB, MLCF, NCPL, NPL, OGDC, POL, PPL, PSMC, PSO, PTC and UBL.

Top gainers of last week were: Allied Rental Mod, Packages Limited, Attock Refinery Ltd., EFU General Ins, The Searle Pak, B.O.Punjab, GlaxoSmithKline Pak., Jubilee Gen Ins, Ghani Glass Ltd and Cherat Cement

Top losers of last week were: Gul Ahmed, Fatima Fert.Co., Habib Metro Bank, Engro Fertilizer, Larpir Power Ltd, Bank AL‐Habib, Arif Habib Corp, Pakgen Power Ltd., Jah.Sidd. Co. and Nestle Pakistan.

Top ten volume leaders: KEL, BOP, FCCL, TRG, OGDC, PAEL, SNGP, ENGRO, CHCC, FATIMA and JSCL.

The Karachi Stock Exchange (KSE) market index swayed like a pendulum around the 33k level with investors getting the taste of both sides, before the index closed the week by gaining marginal 1.26%. The benchmark Karachi Stock Exchange (KSE) 100-share Index gain 411 points, or 1.26 percent, to close the week at 33,080 points. KSE 30-share Index gain 142 points, or 0.74 percent, to end at 19,374 points.

Average daily volumes fell 5% to 166.8mn shares and average daily value dropped 13%to Rs 7.9bn/US$75.0 million over the week.

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

  • Foreign participation failed to sustain last week’s trend (US$4.1mn inflows) where net outflows during the week amounted to US$7.6mn
  • US Fed maintained interest rate policy, while expressing concerns about global economic outlook adopting a dovish stance on future rate hikes, spurring performance in emerging market equities
  • GLAXO announced details of its Sindh High Court approved divestment of its Consumer Health Care operations, with investors getting 10 shares for every 3 shares held in the parent entity
  • HTL expressed its intention to apply for an OMC license from OGRA expanding into the retail fuels segment
  • Auto Policy dominated news reports with conflicting details regarding greater incentives for domestic assemblers
  • NA passed the Futures Market Bill, 2015 and Financial Institutions (Recovery of Finances) (Amendment) Bill, 2015 in a bid to promote investment avenues and facilitate recovery of bank loans
  • Oil & Gas Development Company (OGDC) is seeking international partners as investment destinations, company’s CEO stated in an interview. Company is evaluating Iran and few African countries as potential investment avenues. He also stated that oil production is estimated at 46-50k bpd in the next 12 months while gas output will remain unchanged. OGDC is drilling two development wells in Nashpa 6 and 7 that may add up to 5k bpd. He also hinted that the company will incur higher exploration cost in 2H2016
  • According to a PSX notice, Summit Bank (SMBL) has indicated interest in acquiring majority shareholding of Burj Bank Ltd and has applied to State Bank of Pakistan for permission to conduct due diligence on the matter
  • MoW&P is to add 1500MW electricity to the national grid from Guddu Thermal Power Station by summer 2016. Secretary Water and Power inaugurated an addition of 270MW of electricity to the national grid from Guddu power plant, at Guddu
  • OGRA refuses to support increase in margins of OMCs, dealers
  • MCB announced that it is interested in buying the operations of NIB. According to a filing with the PSX, MCB Bank and Fullerton Financial Holdings Pte Ltd (FFH) were in a preliminary non‐binding discussion on a merger. The FFH is the majority shareholder of NIB Bank through its wholly‐owned subsidiary Bugis Investments (Mauritius) Pte Ltd

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY
Current Price: PKR 87.61
Target Price: PKR 135.00 

Attock Petroleum (APL) – BUY
Current Price: PKR 434.2
Target Price: PKR 626.37

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

Bank Al-Habib (BAHL) – BUY
Current Price: PKR 42.40
Target Price: PKR 68

Cherat Cement (CHCC) – BUY
Current Price: PKR 103.88
Target Price: PKR 120

DG Khan Cement (DGKC) – BUY
Current Price: PKR 167.0
Target Price: PKR 237

ENGRO Fertilizer Limited (EFERT) – BUY
Current Price: PKR 69.6
Target Price: PKR 118

Engro Corporation (ENGRO) – BUY
Current Price: PKR 310.22
Target Price: PKR 362.00

Fatima Fertilizer (FATIMA) – BUY
Current Price: PKR 32.3
Target Price: PKR 49

Fauji Fertilizer Bin Qasim (FFBL) – BUY
Current Price: PKR 51.03
Target Price: PKR 62

Fauji Fertilizer Company (FFC) – BUY
Current Price: PKR 108.7
Target Price: PKR 157.6

Habib Bank Limited (HBL) – BUY
Current Price: PKR 181.7
Target Price: PKR 249.7

Honda Atlas Cars (HCAR) – BUY
Current Price: PKR 239.88
Target Price: PKR 330.00

Indus Motor (INDU) – BUY
Current Price: PKR 973.2
Target Price: PKR 1305

K-Electric (KEL) – BUY
Current Price: PKR 7.1
Target Price: PKR 13.7

Lucky Cement (LUCK) – BUY
Current Price: PKR 532.8
Target Price: PKR 652

MCB Bank Limited (MCB) – BUY
Current Price: PKR 206.63
Target Price: PKR 268

Maple Leaf Cement Factory (MLCF) – BUY
Current Price: PKR 89.0
Target Price: PKR 108

Nishat Chun Power (NCPL) – BUY
Current Price: PKR 50.03
Target Price: PKR 63

Nishat Mills (NML) – BUY
Current Price: PKR 97.0
Target Price: PKR 129.2

Nishat Power Ltd (NPL) – BUY
Current Price: PKR 49.17
Target Price: PKR 59

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 119.1
Target Price: PKR 160

Pak Oilfields (POL) – BUY
Current Price: PKR 263.0
Target Price: PKR 348

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 129.5
Target Price: PKR 168

Pak Suzuki Motors (PSMC) – BUY
Current Price: PKR 436.3
Target Price: PKR 532

Pakistan State Oil (PSO) – BUY
Current Price: PKR 352.5
Target Price: PKR 456

Pakistan Telecommunications (PTC) – BUY
Current Price: PKR 14.9
Target Price: PKR 21.9

United Bank Ltd (UBL) – BUY
Current Price: PKR 153.0
Target Price: PKR 195.7

Thank you very much for reading this article.

NOTE: The information posted in this blog /forum (http://www.karachistockexchange.org/) is based on current affairs & investors point of view. There may be discrepancy in the ground realities.

Written by: Rana Khurram

Pakistan Stock Exchange (PSX) Weekly Analysis 12 Mar, 2016

BUY recommendations are ABL, APL, BAFL, BAHL, CHCC, DGKC, EFERT, ENGRO, FATIMA, FFBL, HBL, HCAR, INDU, KEL, LUCK, MCB, MLCF, NCPL, NPL, OGDC, PIOC, POL, PPL, PSMC, PSO, PTC and UBL.

Top gainers of last week were: Attock Cement Ltd, Engro Foods Ltd, TRG Pakistan Ltd, Fauji Fert Bin, P.T.C.L.A, Pak Petroleum, Oil and Gas Deve, Cherat Cement, Pak Oilfields and GlaxoSmithKline Pak.

Top losers of last week were: Associated Services Limited, Stand.Chart.Bank, Allied Rental Mod, Bannu Woollen, Packages Limited, Ghani Glass Ltd, Nishat Power Ltd, Pak Suzuki Motor, Honda Atlas Cars and Service Indus.

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

The Karachi Stock Exchange (KSE) market recovery remains on track as KSE-100 index up 0.7% WoW. The benchmark Karachi Stock Exchange (KSE) 100-share Index gain 227 points, or 0.7 percent, to close the week at 32,669 points. KSE 30-share Index gain 61 points, or 0.32 percent, to end at 19,232 points.

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

  • ECNEC’s approval of infrastructure projects in excess of PKR83bn also helped in keeping the cement sector afloat with excitement
  • Fertilizer plays cheered the increase in international fertilizer prices, but their celebrations were cut short as chatter of urea imports to check the alleged cartelization of the local fertilizer lobby pushed these stocks into red
  • EFOODS finally took a breather after crossing the PKR150/share mark as excitement regarding its acquisition by a Dutch dairy company ran out of fuel
  • The first motorcycle of Atlas Honda Limited’s new line is expected to roll out in the beginning of October this year under the company’s expansion project
  • Lucky Cement gets licence to generate 660MW coal power
  • Government plans to float another USD3.5bn worth of Eurobonds
  • Fuel sales in Pakistan grew by 5% to 14.8mt in 8MFY16, driven by strong growth in petrol and HSD
  • ECC of the Cabinet approved increase in withholding tax on banking transactions of non‐filers from 0.3% to 0.4% and deferred the approval of Auto Policy for more consultation
  • NTC rejected petition of PSM for imposition of anti‐dumping duty on import of iron ore and steel products from China
  • Foreigners turned net buyers during the week, mopping up shares worth USD 4.12mn versus a net sell of USD1.56mn in the prior week
  • Provisional tax collection numbers improving by 19% YoY in 8MFY16
  • Auto sales declining by 9% YoY in Feb-16 but up an impressive 46% YoY in 8MFY16
  • Total cement dispatches growing by 25% YoY in Feb-2016 and 9% YoY in 8MFY16

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY
Current Price: PKR 85.95
Target Price: PKR 135.00 

Attock Petroleum (APL) – BUY
Current Price: PKR 421.52
Target Price: PKR 626.37

Bank Al-Falah (BAFL) – BUY
Current Price: PKR 25.80
Target Price: PKR 32

Bank Al-Habib (BAHL) – BUY
Current Price: PKR 45.54
Target Price: PKR 68

Cherat Cement (CHCC) – BUY
Current Price: PKR 97.90
Target Price: PKR 120

DG Khan Cement (DGKC) – BUY
Current Price: PKR 165.4
Target Price: PKR 237

ENGRO Fertilizer Limited (EFERT) – BUY
Current Price: PKR 75.69
Target Price: PKR 110

Engro Corporation (ENGRO) – BUY
Current Price: PKR 307.35
Target Price: PKR 362.00

Fatima Fertilizer (FATIMA) – BUY
Current Price: PKR 36.34
Target Price: PKR 49

Fauji Fertilizer Bin Qasim (FFBL) – BUY
Current Price: PKR 51.97
Target Price: PKR 62

Habib Bank Limited (HBL) – BUY
Current Price: PKR 181.24
Target Price: PKR 268

Honda Atlas Cars (HCAR) – BUY
Current Price: PKR 245.45
Target Price: PKR 330.00

Indus Motor (INDU) – BUY
Current Price: PKR 946.83
Target Price: PKR 1200

K-Electric (KEL) – BUY
Current Price: PKR 6.9
Target Price: PKR 13.7

Lucky Cement (LUCK) – BUY
Current Price: PKR 521.27
Target Price: PKR 652

MCB Bank Limited (MCB) – BUY
Current Price: PKR 206.76
Target Price: PKR 268

Maple Leaf Cement Factory (MLCF) – BUY
Current Price: PKR 87.5
Target Price: PKR 108

Nishat Chun Power (NCPL) – BUY
Current Price: PKR 50.91
Target Price: PKR 63

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

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 116.82
Target Price: PKR 172

Pioneer Cement (PIOC) – BUY
Current Price: PKR 90.63
Target Price: PKR 105

Pak Oilfields (POL) – BUY
Current Price: PKR 259.61
Target Price: PKR 348

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 125.18
Target Price: PKR 168

Pak Suzuki Motors (PSMC) – BUY
Current Price: PKR 433.96
Target Price: PKR 532

Pakistan State Oil (PSO) – BUY
Current Price: PKR 350
Target Price: PKR 456

Pakistan Telecommunications (PTC) – BUY
Current Price: PKR 14.9
Target Price: PKR 21.9

United Bank Ltd (UBL) – BUY
Current Price: PKR 151.72
Target Price: PKR 212.00

Thank you very much for reading this article.

NOTE: The information posted in this blog /forum (http://www.karachistockexchange.org/) is based on current affairs & investors point of view. There may be discrepancy in the ground realities.

Written by: Rana Khurram

Pakistan Stock Exchange (PSX) Weekly Analysis 7 Mar, 2016

BUY recommendations are ABL, APL, BAFL, BAHL, CHCC, DGCC, EFERT, ENGRO, FATIMA, FFBL, FFC, HBL, HCAR, INDU, KEL, LUCK, MCB, MLCF, NCPL, NML, OGDC, PIOC, POL, PPL, PSO, PSMC, PTC, and UBL.

Top gainers of last week were: Engro Foods Ltd, Mari Petroleum, Lucky Cement, Maple Leaf Cem.,  Pak Suzuki Motor, Engro Corp, EFU General Ins, Arif Habib Corp, Stand.Chart.Bank, Kohat Cement.
   
Top losers of last week were: Hum Network Ltd, Larpir Power Ltd, Punjab Oil, IGI Insurance, Fauji Fert Bin, Shifa International Hospitals, Orix Leasing, Kot Addu Power Co., Meezan Bank and Muree Brewery Co Ltd.

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

The Karachi Stock Exchange (KSE) market Bulls welcomed the new month with strong bounce back which brushed aside negativity which had persisted throughout the month of Feb-15. The benchmark Karachi Stock Exchange (KSE) 100-share Index gain 1148 points or 3.67 percent, to close the week at 32,442 points. While Karachi Stock Exchange (KSE) 30-share Index lost 875 points or 4.78 percent, to close the week at 19,171 points.

Average daily volumes fell slightly by 2.3% and were recorded at to 135 million shares traded per day. On the other hand, average daily values picked up sharply by 31.2% and were recorded at Rs8.17 billion per day. The Pakistan Stock Exchange’s market capitalization stood at Rs6.80 trillion ($64.9 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 exchange traced global markets, which consolidated gains after strong manufacturing data from the United States. This also helped crude oil prices hit a two-month high. Brent Crude Oil traded above $37 on Friday
  • Interest of institutional investors in banking sector stocks resulted in the scrips increasing in today’s trading. MCB Bank (MCB), Habib Bank (HBL) and United Bank (UBL) increased 1.7-3.0% toady
  • Engro Corporation (ENGRO) and Engro Foods (EFOODS) closed at their upper limits (up 5%) after ENGRO notified the exchange that it has received an offer from Friesman Campina International Holding BV to acquire up to 51% of voting shares of EFOODS
  • According to the auction schedule released by State Bank of Pakistan (SBP) for the month of March-May, central bank plans to raise Rs1.3bn through T-Bills and Rs175mn through Pakistan Investment Bonds (PIB)
  • As per news reports, a Chinese company has expressed interest in establishing a steel mill with a capacity of one million tons in Punjab. Ansteel International Trading Company met with Punjab Board of Investment & Trade to discuss the potential investment opportunity
  • CPI inflation during Feb'16 stood at 4.02% YoY higher than 3.32%YoY for Jan'16 owing to the low base effect despite a sequential decline of 0.25%MoM
  • SNGPL announced to start supplying gas to the textile industry in Punjab from Mar'16 on 24/7 basis at a cost of US$6.66/mmbtu instead of US$9.8/mmbtu
  • Highest ever monthly cut in power tariff of Rs4.11/unit on account of Fuel Price Adjustment
  • PM approved OGRA recommended cut in petroleum products' prices in the range of Rs1.97 to Rs8.48 per litre w.e.f. March 1, 2016
  • Major results were announced in preceding month where Cements won the hearts of the investors
  • Pakistan’s Byco Petroleum Pakistan Limited is planning to lay off hundreds of employees to reduce costs due to the global plunge in oil prices and shrinking profits
  • KEL has signed an agreement with a Korean firm to improve its transmission network in the city
  • Foreigners sold US1.6mn during the week as compared to net selling of US$4.8mn in the past week


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 86.0
Target Price: PKR 135.00

Attock Petroleum (APL) – BUY 
Current Price: PKR 434.0
Target Price: PKR 626.37

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 27
Target Price: PKR 32

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 45
Target Price: PKR 68

Cherat Cement (CHCC) – BUY 
Current Price: PKR 92
Target Price: PKR 120

DG Khan Cement (DGKC) – BUY 
Current Price: PKR 163.7
Target Price: PKR 237

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 76
Target Price: PKR 110

Engro Corporation (ENGRO) – BUY
Current Price: PKR 297
Target Price: PKR 362.00

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 36.1
Target Price: PKR 49

Fauji Fertilizer Bin Qasim (FFBL) – BUY 
Current Price: PKR 47
Target Price: PKR 62

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 110.3
Target Price: PKR 125.58

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 187.4
Target Price: PKR 268

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 256
Target Price: PKR 330.00

Indus Motors (INDU) – BUY 
Current Price: PKR 979.8
Target Price: PKR 1124

Kot Addu Power Co (KAPCO) – BUY
Current Price: PKR 80
Target Price: PKR 94

K‐Electric Co. (KEL) – BUY 
Current Price: PKR 6.9
Target Price: PKR 13.0

Lucky Cement (LUCK) – BUY
Current Price: PKR 513
Target Price: PKR 652

MCB Bank Limited (MCB) – BUY 
Current Price: PKR 201
Target Price: PKR 268

Maple Leaf Cement Factory (MLCF) – BUY 
Current Price: PKR 86.8
Target Price: PKR 108.00

Nishat Chun Power (NCPL) – BUY 
Current Price: PKR 53.00
Target Price: PKR 63

Nishat Mills (NML) – BUY 
Current Price: PKR 94.8
Target Price: PKR 121

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 112.8
Target Price: PKR 172.00

Pioneer Cement (PIOC) – BUY 
Current Price: PKR 87
Target Price: PKR 105

Pak Oilfields (POL) – BUY 
Current Price: PKR 250.8
Target Price: PKR 348

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 118.7
Target Price: PKR 168.8

Pak State Oil (PSO) – BUY 
Current Price: PKR 344.8
Target Price: PKR 450

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 450.8
Target Price: PKR 532

Pakistan Telecommunication (PTC) – BUY 
Current Price: PKR 13.9
Target Price: PKR 21.0

United Bank Ltd (UBL) – BUY 
Current Price: PKR 156.7
Target Price: PKR 212.00

Thank you very much for reading this article.

NOTE: The information posted in this blog /forum (http://www.karachistockexchange.org/) is based on current affairs & investors point of view. There may be discrepancy in the ground realities.

Written by: Rana Khurram