Karachi Stock Exchange Weekly Analysis 20 April, 2015

The Karachi Stock Exchange (KSE) market Uptrend continues as oil stocks join the party. KSE-100 index closed on 33,234.73 by gaining 884 points or 2.7%.

Although the market increased by 883 points and average traded value drove up by 1.3%WoW to US$137mn, average traded volume also increased by 15%WoW to average at 276mn shares. Market seems positive in the upcoming week, as substantial deals are likely to be sign in Energy and infrastructure projects as much-awaited Chinese Premier Visit to the country is schedule in the upcoming week.

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

  • Chinese president to visit Pakistan on April 20, hammer out US$46‐billion deal
  • DG Khan’s agreement with K-Electric for receipt of 40MW to be supplied to its green field project raised alarms within investors, albeit temporarily, fearing escalation of price wars amongst the cement companies
  • Dispatches of majority of cement companies witnessed a steep decline in the quarter while MLCF sold better quantity of its product in the market
  • Results of banking sector are likely to be better than anticipated where possible gains from sale of bonds and lower cost of funding may boost the overall profitability
  • Better result of FFC is anticipated while EFERT result may remain flat
  • The oil prices bounced back in the international market has finally fueled the oil and gas sector
  • ECC of the Cabinet has approved a levy of 17% GST on LNG import
  • As a result of OGDCL failure to install LPG plants at three major oil/gas fields namely Nashpa, Sinjhoro and KunnarPasaki Deep, the country is facing a financial loss of PKR16.6bn/annum
  • Trade deficit widens 15% to US$16bn in July‐March
  • T‐bill yields come off slightly

Top gainers of last week were: TRG Pakistan Ltd, J.D.W.Sugar, Dawood Hercules Chem, Attock Refinery Ltd., Pak Elektron, Pak Petroleum, Nishat Power Ltd, Gul Ahmed, Arif Habib Corp and Nishat Chunian Power.

Top losers of last week were: P.T.C.L.A, Nestle Pakistan, Attock Cement Ltd, Indus Dyeing, Rafhan Maize Prod., Archroma Pakistan, Ghani Gases Ltd, Atlas Battery, Meezan Bank and Jubilee Gen Ins.

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

Following are few BUY recommendations:

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 185.20
Target Price: PKR 256.5 

Pak Oilfields (POL) – BUY
Current Price: PKR 374.73
Target Price: PKR 442.00

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 179.21
Target Price: PKR 221.00

Attock Petroleum (APL) – BUY
Current Price: PKR 529.63
Target Price: PKR 626.00

Allied Bank Limited (ABL) – BUY
Current Price: PKR 111.48
Target Price: PKR 140.0 

Habib Bank Limited (HBL) – BUY
Current Price: PKR 185.19
Target Price: PKR 255.0

Bank Al-Falah (BAFL) – BUY
Current Price: PKR 27.19
Target Price: PKR 39.00

United Bank Ltd (UBL) – BUY
Current Price: PKR 168.09
Target Price: PKR 194.00

National Bank (NBP) – BUY
Current Price: PKR 58.58
Target Price: PKR 72.00

Bank Al-Habib (BAHL) – BUY
Current Price: PKR 45.88 
Target Price: PKR 68.00

Lucky Cement (LUCK) – BUY
Current Price: PKR 476.61
Target Price: PKR 552.00

Cherat Cement (CHCC) - BUY
Current Price: PKR 79.98
Target Price: PKR 95.00 

Pak Suzuki (PSMC) – BUY
Current Price: PKR 397.82
Target Price: PKR 495.00

Following are few SELL recommendations:

Hub Power Co (HUBCO) – SELL
Current Price: PKR 91.64
Target Price: PKR 71.00

Nishat Power Ltd (NPL) – SELL
Current Price: PKR 60.35
Target Price: PKR 38.00

Nishat Chun Power (NCPL) – SELL
Current Price: PKR 61.83 
Target Price: PKR 43 

Pakgen Power Ltd (PKGP) – SELL
Current Price: PKR 31.00  
Target Price: PKR 24

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

2 comments:

  1. MCB bank ki share price kiu up down hoi 2005 to2014 tk ki us k reseans botany h Monday ko merit presentation and assignment h plz help me

    ReplyDelete
  2. Dear Mr.Rana waiting for your this week Analysis

    ReplyDelete