Pakistan Stock Exchange (PSX) Weekly Analysis 25 June, 2016

BUY recommendations are ABL, APL, ASTL, BAFL, BAHL, DGKC, EFERT, ENGRO, FATIMA, FCCL, HBL, INDU, KEL, KOHC, MCB, NBP, NCPL, NPL, OGDC, PAEL, PIOC, PKGP, PPL, PSMC, PSO, PTC, TGL, and UBL.

Top gainers of last week were: PAKT, NRL, MUREB, PSEL, SCBPL, Tri-Star Modarba, Worldcall Telecom, Akzo Nobel Pak Ltd., Bank of Khyber, D.S.Ind.Ltd.
   
Top losers of last week were: GATM, AICL, RMPL, MCB, BAFL, Adamjee Ins. Co. Ltd., PICIC Growth Fund, Pak Elecktron Ltd.

Top ten volume leaders: KEL, DCL, PAEL, DFML, EFERT.

The Pakistan Stock Exchange (PSX) market fell 2 per cent in early trading on Friday, hurt by a global sell-off in risk assets after Britain voted to leave the European Union. KSE-100 index gained has reached on 37,390 by decreasing 1387 points or -3.58%. While KSE-30 index has reached on 21,347 by decreasing -1024 points or -4.58%.

Foreign participation remained under pressure, with foreigners selling US$20.6mn worth equities during the week against net buy of US$19.58mn last week.

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


  • With Britain unpredictably voting in favor of the ‘Leave’ campaign, global markets came crashing down with Pound Sterling and Euro taking a massive hit along with Oil
  • Besides one third foreign holding in free float, investors were concerned that Pakistan exports to UK will be affected after Brexit.
  • The market remained in the correction mode throughout the week as MSCI euphoria fizzled out with Brexit jitters diverting attention towards global financial markets
  • NA finalizing amendment in the Finance Bill 2016
  • C/A for May’16 recording US$792mn vs.US$23 surplus in Apr’16
  • WB approving US$1.02bn in developmental loans for Pakistan under the CGDPF and Sindh Resilience Project (SRP) while ADB approved US$100mn loan for construction of Shorkot‐Khanewal section of the M4 motorway 
  • Tractor prices to drop by up to Rs80k after cut in ST
  • In the monthly Fuel Charge Adjustment, National Electric Power Regulatory Authority (NEPRA) has announced reduction of Rs3.27/unit in fuel cost for the month of May. Consumers will receive the relief in their bills for the month of August. NEPRA cited lower than anticipated oil prices in international market as reason for negative FCA
  • Investment in new plant, machinery: Provisions allowing tax credits being extended for 3 years


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 85.5
Target Price: PKR 120.00

Attock Petroleum (APL) – BUY 
Current Price: PKR 420.1
Target Price: PKR 580

Amreli Steels Ltd. (ASTL) – BUY 
Current Price: PKR 45.8
Target Price: PKR 83.0

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

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

DG Khan Cement (DGKC) – BUY 
Current Price: PKR 182.6
Target Price: PKR 237.0

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 63.7
Target Price: PKR 79.6

Engro Corporation (ENGRO) – BUY
Current Price: PKR 330.4
Target Price: PKR 362.00

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 31.18
Target Price: PKR 41

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 35.7
Target Price: PKR 47

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 199.1
Target Price: PKR 255

Indus Motor (INDU) – BUY 
Current Price: PKR 908.4
Target Price: PKR 1109.67

K-Electric (KEL) – BUY
Current Price: PKR 7.8
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 253.1
Target Price: PKR 353

MCB Bank Limited (MCB) – BUY 
Current Price: PKR 221
Target Price: PKR 268

National Bank (NBP) – BUY 
Current Price: PKR 58
Target Price: PKR 65.00

Nishat Chun Power (NCPL) – BUY 
Current Price: PKR 51.7
Target Price: PKR 63

Nishat Power Ltd (NPL) – BUY 
Current Price: PKR 49.6
Target Price: PKR 59

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 135.8
Target Price: PKR 160.00

Pak Electron (PAEL) – BUY 
Current Price: PKR 63
Target Price: PKR 83

Pioneer Cement (PIOC) – BUY 
Current Price: PKR 103.1
Target Price: PKR 123.0

Pakgen Power Limited (PKGP) – BUY 
Current Price: PKR 22.8
Target Price: PKR 41.0

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 155.5
Target Price: PKR 193.8

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 378.5
Target Price: PKR 532

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 371.3
Target Price: PKR 450

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 14.8
Target Price: PKR 21.9

Tariq Glass (TGL) – BUY 
Current Price: PKR 70.8
Target Price: PKR 120

United Bank Ltd (UBL) – BUY 
Current Price: PKR 171.11
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 20 June, 2016

BUY recommendations are ABL, APL, ASTL, BAFL, BAHL, DGKC, EFERT, ENGRO, FATIMA, FCCL, HBL, INDU, KEL, KOHC, MCB, NBP, NCPL, NPL, OGDC, PAEL, PIOC, PPL, PSMC, PSO, PTC and UBL.

Top gainers of last week were: Habib Bank Ltd, Stand.Chart.Bank, MCB Bank Ltd, Bank Al‐Falah, United Bank, Maple Leaf Cem., National Bank of Pak, Ibrahim Fibres, Cherat Cement and Dawood Hercules Chem.

Top losers of last week were: International Steels Ltd, EFU Life Assur Ltd., Indus Dyeing, Bannu Woollen, Adamjee Ins, Sui North Gas Pipe., P.T.C.L.A, Nishat Mills Limited, Sui South Gas and TRG Pakistan Ltd.

Top ten volume leaders: KEL, PIBTL, EFERT, TRG, PAEL, FCCL, PTC, SNGP, HBL, DGKC and NML.

The Pakistan Stock Exchange (PSX) market ended on a strong note, settling at record high level of 38,776pts (?5%) in the outgoing week with market participants skidded upward on major development of Pakistan equity reclassification into MSCI EM after nearly a decade when it was removed in 2008. KSE-100 index gained  has reached on 38,777 by increasing 1836 points or 4.97%. While KSE-30 index has reached on 22,371 by increasing 1441 points or 6.88%.

Market participation surged 10% WoW with daily average trading volume reaching close to 183mn shares while trading in top five scripts i.e, KEL, PIBTL, EFERT, TRG and PAEL constituted ~34% of total weekly volumes. As oppose to recent foreign flows trend, this week foreigner remained net buyer, accumulating USD19.59mn worth of shares as oppose to previous week USD7.85mn worth of sales.

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

  • In a positive development, MSCI said its Pakistan Index will be reclassified to the Emerging Markets status, coinciding with the May 2017 Semi Annual Index Review. Its decision is to upgrade the country from the Frontier Markets status is expected to generate inflows of global portfolio investment amounting to USD475mn
  • A proposed merger between the Picic Insurance Ltd and the CSIL has fallen apart after the latter became disillusioned by Picic’s balance sheet during due diligence
  • Banking sector remained the best performing sector during the week, posting 13.1% return during the week with HBL, MCB and UBL posting double digit return of 20.9%, 14.8% and 12% respectively. Furthermore, HBL, MCB and UBL cumulatively added 901pts in the index
  • DAWH accumulated 97pts on the back of substantial holding in ENGRO, another MSCI EM constituent, to help remain scrip in the limelight
  • Cement domestic demand increases by 17.84pc in 11 months
  • The National Assembly’s Standing Committee on Finance on Tuesday recommended the government to withdraw general sales tax (GST) on tractors and maintain subsidy on DAP fertilizer at Rs500 instead of Rs250 per bag, as announced in the budget
  • Al-Shaheer Corporation (ASC) and Shell Pakistan (SHEL) have signed a Memorandum of Understanding (MoU) for collaboration in their retail business in Pakistan. The two parties are assessing the opportunities for having Meat One branded shops, chillers and products across ~700 plus SHEL retail sites across the country
  • National Assembly Standing Committee on Finance recommended 7 key amendments in Finance Bill 2016 that includes maintenance of zero‐rating sales tax regime on dairy and milk products

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY
Current Price: PKR 90.79
Target Price: PKR 135.00 

Attock Petroleum (APL) – BUY
Current Price: PKR 427.13
Target Price: PKR 580

Amreli Steels Ltd. (ASTL) – BUY
Current Price: PKR 47.0
Target Price: PKR 83.0

Bank Al-Falah (BAFL) – BUY
Current Price: PKR 27.75
Target Price: PKR 32

Bank Al-Habib (BAHL) – BUY
Current Price: PKR 42.00
Target Price: PKR 68

DG Khan Cement (DGKC) – BUY
Current Price: PKR 189.4
Target Price: PKR 237.0

ENGRO Fertilizer Limited (EFERT) – BUY
Current Price: PKR 66.58
Target Price: PKR 95

Engro Corporation (ENGRO) – BUY
Current Price: PKR 347.76
Target Price: PKR 362.00

Fatima Fertilizer (FATIMA) – BUY
Current Price: PKR 31.18
Target Price: PKR 41

Fauji Cement Company Limited (FCCL) – BUY
Current Price: PKR 35.13
Target Price: PKR 47

Habib Bank Limited (HBL) – BUY
Current Price: PKR 210.5
Target Price: PKR 255

Indus Motor (INDU) – BUY
Current Price: PKR 939.88
Target Price: PKR 1109.67

K-Electric (KEL) – BUY
Current Price: PKR 8.1
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 265.4
Target Price: PKR 353

MCB Bank Limited (MCB) – BUY
Current Price: PKR 244.82
Target Price: PKR 268

National Bank (NBP) – BUY
Current Price: PKR 58.10
Target Price: PKR 65.00

Nishat Chun Power (NCPL) – BUY
Current Price: PKR 52.13
Target Price: PKR 63

Nishat Power Ltd (NPL) – BUY
Current Price: PKR 50.28
Target Price: PKR 59

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 142.97
Target Price: PKR 172.00

Pak Electron (PAEL) – BUY
Current Price: PKR 64
Target Price: PKR 83

Pioneer Cement (PIOC) – BUY
Current Price: PKR 107.41
Target Price: PKR 123.0

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 159.5
Target Price: PKR 193.8

Pak Suzuki Motors (PSMC) – BUY
Current Price: PKR 404.75
Target Price: PKR 532

Pakistan State Oil (PSO) – BUY
Current Price: PKR 394
Target Price: PKR 456

Pakistan Telecommunications (PTC) – BUY
Current Price: PKR 15.4
Target Price: PKR 21.9

United Bank Ltd (UBL) – BUY
Current Price: PKR 184.11
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 13 June, 2016

BUY recommendations are ABL, APL, ASTL, BAFL, BAHL, DGKC, EFERT, FATIMA, FCCL, HBL, INDU, KEL, KOHC, LUCK, MCB, NBP, NCPL, NPL, OGDC, PSMC, PSO, PTC and UBL.

Top gainers of last week were: Feroz 1888 Mills Ltd, National Refinery, Pak Services, The Searle Pak, Pak Petroleum, Honda Atlas Cars, Shifa International Hospitals, J.D.W.Sugar, Bata (Pak) Ltd. and Pak Int.Bulk Ter.

Top losers of last week were: International Steels Ltd, EFU Life Assur Ltd., Indus Dyeing, Bannu Woollen, Adamjee Ins, Sui North Gas Pipe., P.T.C.L.A, Nishat Mills Limited, Sui South Gas and TRG Pakistan Ltd.

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

The Pakistan Stock Exchange (PSX) market gave way to selling pressure towards the week's close, ending at 36,941pts edging lower by 0.76%WoW. The benchmark Karachi Stock Exchange (KSE) 100-share Index losing -282 points, or -0.76 percent, to close the week at 36,941 points. KSE 30-share Index losing -438 points, or -2.05 percent, to end at 20,930 points.

Volumes took a breather during the week with the onset of Ramazan, inducing short trading hours. Average trading volume declined by 6% week-on-week to 152.0 million shares. Foreigners remained net sellers during the week, offloading $7.85 million worth of shares excluding $78 million inflow in Efert’s private placement

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


  • The market opened on Monday following neutral-to-positive budget measures and settled comfortably with fertiliser and textile names leading the way
  • With the start of Ramazan the index remained marginally subdued and by mid-week the bourse seemed determined to lead a dull ride
  • Friday resulted in massive profit-taking and panic selling over rumours of Pakistan’s possible inclusion in the MSCI emerging markets index taking a hit
  • In a latest development, Engro Corporation (Engro) informed through a PSX notice that it has successfully sold 295 million shares of Engro Fertilizers (Efert) to local and foreign investors through private placement. The said development, however, brought Efert under pressure as the deal was executed at 4.2% discount to Efert’s previous day closing price
  • In other news, Honda Car started pre-bookings for its new 2016 Civic. The announcement gave a boost to the company’s share price at the PSX
  • Budgetary measures supported agri‐industries, cements contended with an adverse tax levy, while blue chip tex􀆟le plays rallied on improved expecta􀆟ons of healthier margins brought on by tax relief
  • PTA declared Telenor Pakistan, the only operator that had submi􀆩ed a bid, as winner of its 850MHz spectrum (3G/4G) auc􀆟on with base price of US$395mn
  • PSO inked an agreement with China East Resource Import and Export Corpora􀆟on (CERIECO), the EPC contractor for SECMC to supply HSD to Thar Mining Project Block II
  • GoP borrowed PkR131bn through an MTB auc􀆟on, where cut‐off yields for 3mth, 6mth and 12mth papers came in at 5.9463% (down 4bps), 5.9684% (down 4bps) and 6.0048% (down 2bps) respec􀆟vely
  • PPL is expected to pay 10% of wellhead gas price as lease extension bonus to the government of Balochistan for the Sui field with accompanying CAPEX of PkR20bn into explora􀆟on ac􀆟vi􀆟es during the lease period
  • The government decision to extend subsidy to Urea and DAP brought a fresh wave of excitement in fertilizer sector where FATIMA rose to the upper price limit on the first trading day of the week
  • Price of cement bag to rise by PKR34 under new excise duty regime


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 82.9
Target Price: PKR 101.3

Attock Petroleum (APL) – BUY 
Current Price: PKR 420.0
Target Price: PKR 626.37

Amreli Steels Ltd (ASTL) – BUY 
Current Price: PKR 47.7
Target Price: PKR 83.0

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 24.40
Target Price: PKR 32

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 40.05
Target Price: PKR 68

DG Khan Cement (DGKC) – BUY 
Current Price: PKR 175.6
Target Price: PKR 237.0

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 66.5
Target Price: PKR 95

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 31.2
Target Price: PKR 49

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 34.7
Target Price: PKR 50.0

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 174.2
Target Price: PKR 233.54

Indus Motor (INDU) – BUY 
Current Price: PKR 919.5
Target Price: PKR 1109.67

K-Electric (KEL) – BUY
Current Price: PKR 8.0
Target Price: PKR 13.7

Kohat Cement (KOHC) – BUY
Current Price: PKR 258.2
Target Price: PKR 323

Lucky Cement (LUCK) – BUY
Current Price: PKR 610.0
Target Price: PKR 652

MCB Bank Limited (MCB) – BUY 
Current Price: PKR 213.20
Target Price: PKR 268

National Bank (NBP) – BUY 
Current Price: PKR 52.24
Target Price: PKR 65.00

Nishat Chun Power (NCPL) – BUY 
Current Price: PKR 49.97
Target Price: PKR 63

Nishat Power Ltd (NPL) – BUY 
Current Price: PKR 50.92
Target Price: PKR 59

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 141.57
Target Price: PKR 160

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 416.0
Target Price: PKR 532

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 373.5
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 164.4
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 6 June, 2016

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

Top gainers of last week were: Feroz 1888 Mills Ltd, Hascol Petroleum Ltd, Pioneer Cement, Millat Tractors, Kohat Cement, Mari Petroleum, Nishat Mills Limited, Engro Foods Ltd, Nishat Chunian and Honda Atlas Cars.

Top losers of last week were: Fauji Cement Company Ltd., Pak Tobacco Co, Jah.Sidd. Co., IGI Insurance, TRG Pakistan Ltd, Pakgen Power Ltd., Adamjee Ins, Fauji Fert Bin, Abbott Lab and Arif Habib Corp.

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

The Pakistan Stock Exchange (PSX) market remained relatively dull during the earlier half of the week as budget related developments kept investors at bay, while the later part of the week witnessed a sharp uptick as the MSCI’s decision on Pakistan’s reclassification came into touching distance. KSE-100 index gained 1,161 points in the final three sessions to post a 529-point (1.4%) gain over last week’s closing.

Average daily volumes dropped slightly to 238.7 million shares traded per day, a 4.1% decline compared to the previous week. Average daily values remained steady and stood at Rs11.1 billion per day. The Pakistan Stock Exchange’s market capitalization stood at Rs7.53 trillion ($72 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 market remained relatively dull during the earlier half of the week as budget related developments kept investors at bay, while the later part of the week witnessed a sharp uptick as the MSCI’s decision on Pakistan’s reclassification came into touching distance
  • The cement silo (storage for materials and cement) of FCCL's plant collapsed over the weekend, destroying the coal mill and damaging the new production line of the company, according to industry sources. As per details, the FCCL's Line II CFS used for blending and storing raw cement meal, has incurred a major break down. The reported accident has also damaged coal kiln adjacent to the silo as well
  • Concerns regarding the implementation of the China Pakistan Economic Corridor and the closure of Fauji Cement’s plant weighed heavily on the market in the opening couple of sessions
  • Textile Weaving sector was among the major gainer as it grew by 25%, whereas Tobacco was down 3%
  • Strong rally led by the oil and gas, cement and textile sectors led to a rebound in the latter half of the week
  • Oil prices continued to play a major role in determining the market’s direction. Oil prices declined during the first half of the week as oil supply picked up. However, during the second half of the week, OPEC convened a meeting to discuss production cuts, which resulted in prices returning near $50 per barrel by the end of the week
  • The EFOODS acquisition coming to a conclusion kept making rounds at the bourse as the stock garnered a steady advance
  • Federal PSDP will be increased by 14% in next year's budget ‐ from PKR700bn to PKR800bn ‐ while provincial PSDP would increase by 7.5% ‐ from PKR 813.7bn to PKR875bn
  • CCoP headed by FM has reportedly delisted Pak‐Arab Refinery (Parco) from the list of entities being sold off, well informed MoP
  • The government is set to increase the rate of around 30 withholding taxes(WHT) for those who do not file their income tax returns, in the budget announcement later this week
  • Two more LNG terminals will be set up at the Port Qasim with a cumulative capacity of one bcfd, the PQA. Of the two, the Fauji Foundation will build a terminal with a capacity of 600 mmcfd while the second terminal of 400mmcfd capacity will be built by a Gulf emirate investor
  • Banks agreed to share information of accountholders, making cash and non‐cash transactions with the tax authorities
  • Foreigners were net buyers of US$14.5mn in the outgoing week

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY
Current Price: PKR 84.31
Target Price: PKR 135.00 

Attock Petroleum (APL) – BUY
Current Price: PKR 434.3
Target Price: PKR 626.37

Amreli Steels Ltd. (ASTL) – BUY
Current Price: PKR 51.95
Target Price: PKR 83.0

Bank Al-Falah (BAFL) – BUY
Current Price: PKR 24.75
Target Price: PKR 32

Bank Al-Habib (BAHL) – BUY
Current Price: PKR 40.3
Target Price: PKR 68

DG Khan Cement (DGKC) – BUY
Current Price: PKR 181
Target Price: PKR 237.0

ENGRO Fertilizer Limited (EFERT) – BUY
Current Price: PKR 68.91
Target Price: PKR 106.49

Engro Corporation (ENGRO) – BUY
Current Price: PKR 343
Target Price: PKR 362.00

Fatima Fertilizer (FATIMA) – BUY
Current Price: PKR 31.6
Target Price: PKR 49

Fauji Cement Company Limited (FCCL) – BUY
Current Price: PKR 34.11
Target Price: PKR 50.0

Fauji Fertilizer Bin Qasim (FFBL) – BUY
Current Price: PKR 54
Target Price: PKR 60.48

Fauji Fertilizer Company (FFC) – BUY
Current Price: PKR 117
Target Price: PKR 124.19

Habib Bank Limited (HBL) – BUY
Current Price: PKR 178.95
Target Price: PKR 249.7

Indus Motor (INDU) – BUY
Current Price: PKR 929.96
Target Price: PKR 1109.67

K-Electric (KEL) – BUY
Current Price: PKR 8
Target Price: PKR 13.7

Lucky Cement (LUCK) – BUY
Current Price: PKR 619
Target Price: PKR 652

MCB Bank Limited (MCB) – BUY
Current Price: PKR 216.37
Target Price: PKR 268

National Bank (NBP) – BUY
Current Price: PKR 53.98
Target Price: PKR 65.00

Nishat Chun Power (NCPL) – BUY
Current Price: PKR 50.25
Target Price: PKR 63

Nishat Power Ltd (NPL) – BUY
Current Price: PKR 51.06
Target Price: PKR 59

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 143.4
Target Price: PKR 160

Pioneer Cement (PIOC) – BUY
Current Price: PKR 108.78
Target Price: PKR 123.0

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 156
Target Price: PKR 193.8

Pak Suzuki Motors (PSMC) – BUY
Current Price: PKR 415.03
Target Price: PKR 532

Pakistan State Oil (PSO) – BUY
Current Price: PKR 383
Target Price: PKR 456

Pakistan Telecommunications (PTC) – BUY
Current Price: PKR 16
Target Price: PKR 21.9

United Bank Ltd (UBL) – BUY
Current Price: PKR 172.36
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

KSE Results 25 May - 2 June 2016

HASEEB WAQAS SUGAR (HWQS)
Profit/Loss (million): (286.125)
Bonus/Div: NIL

Tandlianwala Sugar Mills Limited (TSML)
Profit/Loss (million): 325.819 
Bonus/Div: NIL

SAKRAND SUGAR (SKRS)
Profit/Loss (million): (71.701)
Bonus/Div: NIL

KHAIRPUR SUGAR (KPUS)
Profit/Loss (million): 14.449 
Bonus/Div: NIL

IMPERIAL SUGAR MILL (FORMALY CSUML) (IMSL)
Profit/Loss (million): (93.592)
Bonus/Div: NIL

HABIB SUGAR (HABSM)
Profit/Loss (million): 295.847
Bonus/Div: NIL

ANSARI SUGAR (ANSM)
Profit/Loss (million): 109.899 
Bonus/Div: NIL

NOON SUGAR (NONS)
Profit/Loss (million): 23.564 
Bonus/Div: NIL

JAUHARABAD SUGAR MILLS (Formely KOHS) (JSML)
Profit/Loss (million): 170.486 
Bonus/Div: NIL

CHASHMA SUGAR (CHAS)
Profit/Loss (million): 62.535 
Bonus/Div: NIL

PREMIER SUGAR (PMRS)
Profit/Loss (million): (34.329)
Bonus/Div: NIL

SANHAR SUGAR (SANSM)
Profit/Loss (million): 24.838 
Bonus/Div: NIL

BABA FARID SUGAR (BAFS)
Profit/Loss (million): 35.210 
Bonus/Div: NIL

Mirpurkas Sugar (MIRKS)
Profit/Loss (million): 0.373
Bonus/Div: NIL

MITCHELL & FRUIT FARMS (MFFL)
Profit/Loss (million): -0.671
Bonus/Div: NIL

Adam Sugar (ADAMS)
Profit/Loss (million): 185.779
Bonus/Div: NIL

Shahtaj Sugar (SHJS)
Profit/Loss (million): 95.833
Bonus/Div: NIL

Al-Noor Sugar (ALNRS)
Profit/Loss (million): 126.147
Bonus/Div: NIL

Mehran Sugar (MRNS)
Profit/Loss (million): 178.625
Bonus/Div: 15.00%

PICIC Insurance Limited (PIL)
Profit/Loss (million): (0.84)
Bonus/Div: NIL