Pakistan Stock Exchange (PSX) Weekly Analysis 1 Aug, 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: Feroze1888, Shell Pakistan, Gul Ahmed Textile Mills, Nishat (Chunian) Limited, Pak Services and Lucky Cement, NML, and ABL.

Top losers of last week were: Associated Services  Limited,  Pakistan Oilfields,  Pak  Suzuki  Motors,  Lalpir  Power  Limited,  PPL, OGDC, EPCL, and  International  Steel.

Top ten volume leaders: DCL, AGL, SNGP, DFML, BYCO, PIBTL and TRG.

The Pakistan Stock Exchange (PSX) market index gained 1.36% WoW closing at 39,685pts (up 533pts) with volumes increasing 4% WoW, with the benchmark index closing the month 4.62% (up 1,745pts). KSE-100 index has reached on 39,529 by increasing 377 points or 0.96%.While KSE-30 index has reached on 22,743 by increasing 113 points or 0.50%.

Volumes tapered slightly during the week to avg. at 182mn shares vs. 207.1mn for the previous week. Foreign participation however improved with inflows of US$10.94mn compared to outflows of US$11.5mn last week.

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

  • SBP keeps interest rate unchanged at 5.75% in the announcement of Monetary Policy
  • The Foreign Institutional Portfolio Investment (FIPI) witnessed an inflow of US$10.94mn during the week vs US$11.49mn outflow last week, whereas the average volume traded changed by -11.7% WoW and the value of shares traded decreased by 20.6% WoW
  • The Government of Pakistan and IMF commenced staff level discussions for the twelfth and last review under the EFF program
  • Pakistan and Russia to start negotiations for laying 1,100km LNG pipeline with an estimated cost of US$2bn next week where first phase of the project is planned for completion by Dec’17
  • ECC allowed BAFL to remit US$27.2mn to set up branch in UAE
  • DRAP approved price increments for scheduled drugs, non‐scheduled drugs and lower priced drugs by 1.43%, 2.02% and 2.86% respectively under the Drug Pricing Policy
  • Mari Petroleum’s Managing Director stated that the company plans to establish a 400MW power plant at Dharki/Sadiqabad with an estimated cost of US$400mn
  • Earnings season is likely to be the guiding factor over the near term with key results likely to be announced in the coming month. On the global front, further decline in int’l crude oil prices can keep pressure on the Oil & Gas sector

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY
Current Price: PKR 89.3
Target Price: PKR 135.00 

Attock Petroleum (APL) – BUY
Current Price: PKR 477.3
Target Price: PKR 580

Amreli Steels Ltd. (ASTL) – BUY
Current Price: PKR 55.4
Target Price: PKR 83.0

Bank Al-Falah (BAFL) – BUY
Current Price: PKR 27.3
Target Price: PKR 32

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

DG Khan Cement (DGKC) – BUY
Current Price: PKR 210
Target Price: PKR 237.0

ENGRO Fertilizer Limited (EFERT) – BUY
Current Price: PKR 68.6
Target Price: PKR 95

Engro Corporation (ENGRO) – BUY
Current Price: PKR 335
Target Price: PKR 362

Fatima Fertilizer (FATIMA) – BUY
Current Price: PKR 33.2
Target Price: PKR 41

Fauji Cement Company Limited (FCCL) – BUY
Current Price: PKR 37.7
Target Price: PKR 47

Habib Bank Limited (HBL) – BUY
Current Price: PKR 217.5
Target Price: PKR 255

Indus Motor (INDU) – BUY
Current Price: PKR 1,086
Target Price: PKR 1109.67

K-Electric (KEL) – BUY
Current Price: PKR 8.2
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 276.2
Target Price: PKR 353

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

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 136.5
Target Price: PKR 160.00

Pak Electron (PAEL) – BUY
Current Price: PKR 71.7
Target Price: PKR 83

Pak Gen Power (PKGP) – BUY
Current Price: PKR 25.4
Target Price: PKR 41

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 157.2
Target Price: PKR 193.8

Pak Suzuki Motors (PSMC) – BUY
Current Price: PKR 401.6
Target Price: PKR 532

Pakistan State Oil (PSO) – BUY
Current Price: PKR 417.1
Target Price: PKR 456

Pakistan Telecommunications (PTC) – BUY
Current Price: PKR 16.5
Target Price: PKR 21.9

Tariq Glass (TGL) – BUY
Current Price: PKR 83.2
Target Price: PKR 120

United Bank Ltd (UBL) – BUY
Current Price: PKR 185
Target Price: PKR 212

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 25 July, 2016

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

Top gainers of last week were: Larpir Power Ltd, Sui South Gas, Nishat Chunian, Thal Limited, Pak Suzuki Motor, Shifa International Hospitals, Pakgen Power Ltd., National Refinery, Sui North Gas Pipe. and National Bank of Pak.
   
Top losers of last week were: Ibrahim Fibres, Feroz 1888 Mills Ltd, Fauji Fert Bin, IGI Insurance, Dawood Hercules Chem, GlaxoSmithKline Pak., Punjab Oil, Bannu Woollen, Pak Tobacco Co and Hascol Petroleum Ltd.

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

The Pakistan Stock Exchange (PSX) market broadly remained flat and skidded down by meager 0.1% WoW (↓37pts) to close at 39,151pts. KSE-100 index has reached 39,152 points by losing -36 points or -0.09%, while KSE-30 index has reached 22,630 points by losing -91 points or -0.40%.

Average daily volumes witnessed a 7% rise, with volumes clocking in at 207.1mn shares, on the other hand, average daily values fell 8%, to Rs13.2bn/US$125.7mn.

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


  • SECP has formally sent the final draft of the Companies Bill, 2016 to the MoF for initiating necessary legislative process and its passage by the Parliament
  • Textile exports went down by one billion dollars during last financial year due to massive decline in cotton crop production and slowdown in the economy of China pushing Pakistan's exported textile goods to US$12.45bn during FY16
  • Foreigners were net sellers of US$11.5mn worth of shares this week
  • According to SBP, Foreign Direct Investment (FDI) clocked in at US$1.3bn, witnessing 39% YoY increase
  • According to Pakistan Bureau of Statistics (PBS), Large Scale Manufacturing (is down 1.5% YoY in May 2016
  • Federal Board of Revenue (FBR) and Real Estate sector on Thursday agreed on withdrawal of new valuation system for assessment of immovable properties under Finance Act 2016 and a possible applicability of a joint multiple table for fair market values of urban and rural properties by the FBR and real estate sector
  • The results season kicked‐off with index blue chip PTC announcing earnings and payout that were in line with street estimates
  • PPL, the operator of Gambit South Exploration License holding a 65%working interest, that hydrocarbon (gas) was discovered from its exploratory well Hadi X‐1A, located in district Sanghar, Sindh 
  • Cotton yarn prices up 25% to PKR11,500/bag
  • Import of used cars surge 67% to 53,600 in 2015/16


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 87.0
Target Price: PKR 120.00

Attock Petroleum (APL) – BUY 
Current Price: PKR 468.4
Target Price: PKR 580

Amerli Steel (ASTL) – BUY 
Current Price: PKR 56.2
Target Price: PKR 83.0

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 26.6
Target Price: PKR 32

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 42.28
Target Price: PKR 68

DG Khan Cement (DGKC) – BUY 
Current Price: PKR 207
Target Price: PKR 237.0

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 68.6
Target Price: PKR 91

Engro Corporation (ENGRO) – BUY
Current Price: PKR 331.0
Target Price: PKR 362.00

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 34.2
Target Price: PKR 41

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 38.0
Target Price: PKR 47.0

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 208.2
Target Price: PKR 233.54

K-Electric (KEL) – BUY
Current Price: PKR 8.2
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 277.0
Target Price: PKR 353

MCB Bank Limited (MCB) – BUY 
Current Price: PKR 221.98
Target Price: PKR 268

Nishat Chun Power (NCPL) – BUY 
Current Price: PKR 53.64
Target Price: PKR 63

Nishat Mills (NML) – BUY 
Current Price: PKR 115.0
Target Price: PKR 140

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 143.10
Target Price: PKR 160.00

Pak Electron (PAEL) – BUY 
Current Price: PKR 69.9
Target Price: PKR 83

Pakgen Power Limited (PKGP) – BUY 
Current Price: PKR 26.0
Target Price: PKR 41.0

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 433.2
Target Price: PKR 532

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 411.6
Target Price: PKR 450

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 15.9
Target Price: PKR 21.0

Tariq Glass (TGL) – BUY 
Current Price: PKR 82.4
Target Price: PKR 120

United Bank Ltd (UBL) – BUY 
Current Price: PKR 180.00
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 18 July, 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: Hascol Petroleum Ltd, Indus Motor, Bannu Woollen, International Steels Ltd, Associated Services Limited, Pioneer Cement, IGI Insurance, GlaxoSmithKline Pak., Packages Limited and Hum Network Ltd.

Top losers of last week were: Feroz 1888 Mills Ltd, Pak Tobacco Co, Rafhan Maize Prod., Engro Foods Ltd, Stand.Chart.Bank, Larpir Power Ltd, Orix Leasing, Muree Brewery Co Ltd, Saif Power Ltd and Habib Metro Bank.

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

The Pakistan Stock Exchange (PSX) market registered an increase of 3.2% WoW (↑1,222pts) consolidating at new highs as broad based surge plays out at the helm of recent MSCI upgrade . KSE-100 index has reached on 39,188 by increasing 1404 points or 3.72%. While KSE-30 index has reached on 22,721 by increasing 1068 points or 4.93%.

Increased activity resulted in 35% rise in average daily volume to 193.8mn shares while average daily value rose 73% to Rs14.3bn/US$136.4mn.

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

  • The return of Prime Minister Nawaz Sharif gave much needed confidence to business circles reassuring continuity of order at the helm and quashing rumors suggesting otherwise
  • Fears over Brexit and a global economic slowdown subsided with local mutual funds as well as foreigners’ buying provided support to the market
  • Key sectors of the week consumers, pharmaceuticals and cements outperformed the benchmark KSE-100 index amidst positive news flows whereas banks, fertilisers and foods underperformed
  • Oil and gas marketing and exploration companies came in the limelight driven by impressive oil products sales numbers as sales grew by 5% to 23.37 million tons in FY16 and well discoveries
  • Auto sales also increased by 20% year-on-year in FY16 led by a sharp increase of 28% in sales for Pak Suzuki Motor and continued strength in Toyota sales. The loss in the value of yen also provided some much-needed support to the auto sector that suffered over Brexit fears
  • Foreign Institutional Portfolio Investment (FIPI) witnessed an inflow of $21.4 million during the week vs $1.19 million outflow last week
  • Interloop Limited, one of the world’s largest socks manufacturer, has poured Rs2 billion into the dairy business and set up a new company named Interloop Dairies Limited. It is going to launch its milk brand next year
  • The federal government has introduced a tax reduction of 2 per cent for Shariah-compliant listed companies through Finance Act 2016.The tax rebate, introduced on the suggestion of the Securities and Exchange Commission of Pakistan (SECP), is part of reforms being introduced for elimination of Riba and for promotion and development of Islamic capital market
  • EFOODS continued to bleed value as its deal finalized at a price much lower than street expectations
  • MOL, the operator of Tal block in the Khyber Pakhtunkhwa, has encountered hydrocarbons in development well Makori East‐5, Pakistan Oilfields Limited that has pre‐commerciality working interest of 21 per cent in Tal block stated in a stock filing on Monday.Other stakeholders include OGDC and Pakistan Petroleum with 28pc each
  • Sales of automobiles increased 19 percent to 1.626 million vehicles in the last fiscal year of 2015/16, industry data showed on Wednesday, as the soft interest rate whetted appetite for cars
  • Lucky Cement Limited, a Pakistan’s leading cement maker, will invest $200 million to set up a new plant in Chakwal
  • Privatisation Commission approved offloading of the government's remaining 40.25% stake in KAPCO, where Expressions of Interest from prospective bidders was invited on Jul 15’16
  • Three foreign investors including Shanghai Stock Exchange (SSE) have expressed interest in acquiring a stake of up to 40% in the PSX
  • Total deposits of the banking industry crossed Pkr10tn as of Jun'16 (up 10%YoY) vs.PkR9.14tn as of Jun'15

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY
Current Price: PKR 87.4
Target Price: PKR 135.00 

Attock Petroleum (APL) – BUY
Current Price: PKR 455.0
Target Price: PKR 580

Amreli Steels Ltd. (ASTL) – BUY
Current Price: PKR 50.8
Target Price: PKR 83.0

Bank Al-Falah (BAFL) – BUY
Current Price: PKR 25.4
Target Price: PKR 32

Bank Al-Habib (BAHL) – BUY
Current Price: PKR 42.37
Target Price: PKR 68

DG Khan Cement (DGKC) – BUY
Current Price: PKR 203
Target Price: PKR 237.0

ENGRO Fertilizer Limited (EFERT) – BUY
Current Price: PKR 66.7
Target Price: PKR 95

Engro Corporation (ENGRO) – BUY
Current Price: PKR 339.1
Target Price: PKR 362.00

Fatima Fertilizer (FATIMA) – BUY
Current Price: PKR 33.3
Target Price: PKR 41

Fauji Cement Company Limited (FCCL) – BUY
Current Price: PKR 38.0
Target Price: PKR 47

Habib Bank Limited (HBL) – BUY
Current Price: PKR 212.2
Target Price: PKR 255

Indus Motor (INDU) – BUY
Current Price: PKR 1,093
Target Price: PKR 1109.67

K-Electric (KEL) – BUY
Current Price: PKR 8.2
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 282.9
Target Price: PKR 353

MCB Bank Limited (MCB) – BUY
Current Price: PKR 225.19
Target Price: PKR 268

Nishat Chun Power (NCPL) – BUY
Current Price: PKR 51.70
Target Price: PKR 63

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 145.52
Target Price: PKR 172.00

Pak Electron (PAEL) – BUY
Current Price: PKR 60
Target Price: PKR 83

Pak Gen Power (PKGP) – BUY
Current Price: PKR 24.5
Target Price: PKR 41

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 169
Target Price: PKR 193.8

Pak Suzuki Motors (PSMC) – BUY
Current Price: PKR 404.59
Target Price: PKR 532

Pakistan State Oil (PSO) – BUY
Current Price: PKR 397
Target Price: PKR 456

Pakistan Telecommunications (PTC) – BUY
Current Price: PKR 16.1
Target Price: PKR 21.9

Tariq Glass (TGL) – BUY
Current Price: PKR 80.2
Target Price: PKR 120

United Bank Ltd (UBL) – BUY
Current Price: PKR 180.74
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 2 July, 2016

BUY recommendations are ABL, APL, 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: Bata (Pak) Ltd., Abbott Lab, Pak Tobacco Co, Stand.Chart.Bank, Service Indus, Thal Limited, Fatima Fert.Co., Kohinoor Textile, Arif Habib Corp and Saif Power Ltd.
   
Top losers of last week were: Feroz 1888 Mills Ltd, Rafhan Maize Prod., Jubilee Gen Ins, Associated Services Limited, Millat Tractors, Hum Network Ltd, Nishat Mills Limited, Allied Rental Mod, EFU Life Assur Ltd. and Muree Brewery Co Ltd.

Top ten volume leaders: KEL, TRG, SNGP, NML, EFERT, PAEL, PIBTL, HUBC, SSGC, JSCL and FATIMA.

The Pakistan Stock Exchange (PSX) market edged up by 1.1%WoW (up 394 pts) amidst thin volumes as aftershocks from Brexit subsided and sharp corrections gather attention of bargain hunters.

Volumes remained slim during the week amidst Ramadan snooze clocking in at 162mn shares slightly above (i.e. 4%) relative to the previous week. Retail favorites led the volume with KEL, DCL & TRG cumulatively accounting for 26% of the volumes.

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


  • Global equity markets remained under pressure in post Brexit week while massive terrorist activity at Turkey’s capital further dampened the investor’s sentiments
  • Foreign fund managers are still struggling to cope with global asset sell‐off as they remained net sellers with ~USD7.18mn outflow during the week
  • Cement manufacturers rose the cement prices by PKR35/bag in order to pass on the impact of change in FED calculation mechanism
  • International crude traded in a narrow range of USD 45.30 – 45.80/barrel while GBP dropped to historic low against USD
  • IMF successfully reviewed the country’s performance and approved the second last tranche under EFF facility of USD501mn while the review for last tranche of USD100mnis expected to be held in September ’16
  • Turnover stayed on lower side as penny stocks continued to churn majority of the volumes where KEL topped the chart with 108mn traded shares followed by TRG and SNGP with 29mn and 20mn traded shares respectively 
  • The super thrilling month of June ended on a positive note as index gained 4.78% during the month. The budget FY17 was largely a non‐event for local stock market whereas index took a deep drive in green zone on successful classification to MSCI EM in mid of the month 
  • All is set to give K-Electric under the control of Shanghai Powers. K‐Electric will see another change of owner as Shanghai Powers is said to have decided to buy it 
  • TPL Properties: Book‐building process for IPO raises PKR696.8mn
  • OGDCL has discovered gas from its Exploratory Well Thal West No 1, 100% owned by OGDCL located in District Sukkur, a company statement said
  • Oman Telecommunications Co (Omantel) said its board received a non‐binding offer for its controlling stake in Pakistan’s WTL from an investor whose identity it didn’t disclose
  • Money market remained tranquil in the shortened week in the absence of any auctions by the central bank


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 89.96
Target Price: PKR 120.00

Attock Petroleum (APL) – BUY 
Current Price: PKR 437.54
Target Price: PKR 580

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 25.57
Target Price: PKR 32

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 43.12
Target Price: PKR 68

DG Khan Cement (DGKC) – BUY 
Current Price: PKR 190
Target Price: PKR 237.0

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 64.48
Target Price: PKR 106.49

Engro Corporation (ENGRO) – BUY
Current Price: PKR 333.0
Target Price: PKR 362.00

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 33.94
Target Price: PKR 41

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 35.80
Target Price: PKR 42.35

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 197.56
Target Price: PKR 233.54

Indus Motor (INDU) – BUY 
Current Price: PKR 939.54
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 261.9
Target Price: PKR 353

MCB Bank Limited (MCB) – BUY 
Current Price: PKR 220
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 52.56
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 138.07
Target Price: PKR 160.00

Pak Electron (PAEL) – BUY 
Current Price: PKR 64.7
Target Price: PKR 83

Pioneer Cement (PIOC) – BUY 
Current Price: PKR 107.4
Target Price: PKR 123.0

Pakgen Power Limited (PKGP) – BUY 
Current Price: PKR 24.1
Target Price: PKR 41.0

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 155
Target Price: PKR 193.8

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 382.15
Target Price: PKR 532

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 375.5
Target Price: PKR 450

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

Tariq Glass (TGL) – BUY 
Current Price: PKR 74.0
Target Price: PKR 120

United Bank Ltd (UBL) – BUY 
Current Price: PKR 176.92
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