Karachi Stock Exchange Weekly Analysis 20 Sep, 2015


Top gainers of last week were: Punjab Oil, Indus Dyeing, Pioneer Cement, Colgate Palmolive, Kot Addu Power Co., Atlas Honda Limited, Millat Tractors, Jubilee Life Ins, Pak Tobacco Co. and Dawood Hercules Chem.
Top losers of last week were: Service Indus, Ibrahim Fibres, Pak Elektron, TRG Pakistan Ltd, Gul Ahmed, MCB Bank Ltd, Sui South Gas, Pak Petroleum, Habib Bank Ltd and Bannu Woollen.

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

The Karachi Stock Exchange (KSE) market remained lackluster with directionless trading seen throughout most of the outgoing week. KSE-100 index closed on 32,760.95 by losing -912 points or -2.71%.

Average traded volumes during the week declined to 135mn shares vs 206mn shares in the past week (down 34% WoW).

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

  • Local bourses felt immense pressure with lower volumes owing to militant’s attack on Peshawar Air Base
  • The central bank’s decision to slash DR by a further 50bps on account of lower inflation expectations turned out to be a non‐event
  • An uptick in international crude gave a fresh lease of life to the index heavy E&P sector, while momentary excitement in cements on the back of lower international coal prices was nullified by selling pressure towards the week’s close
  • The last bit of the result season will be over in the upcoming week as DGKC unveils its earnings, while that of KOHC and PIOC failed in creating a meaningful stir
  • The next week is likely to be overshadowed by shortened proceedings due to long weekend which is likely to keep the overall level of activity very limited
  • Nawaz Sharif announced a reduction in prices of electricity by Rs 2.19 per unit
  • Oil ministry says it authorized LNG imports from Qatar
  • MoF plans to raise $500 million through issuance of Eurobonds
  • Investors show interest in buying Engro Polymer
  • SBP injects Rs61.9bln into money market
  • Bank deposits fall by Rs121 billion in two months
  • Nawaz Sharif has announced a Rs 341 billion relief package for farmers with a direct cash assistance to rice and cotton growers, subsidy on fertilizer and electricity and tax relief on import of machinery
  • SBP allows Rs 1.5 billion financing for Power Company
  • OGDC has announced a 5.10mmcfd gas discovery from Ardin Well‐I in Khewari Block, Sindh

Following are few BUY recommendations:

Pak Suzuki Motors (PSMC) – BUY
Current Price: PKR 417.71
Target Price: PKR 542

Honda Atlas Cars (HCAR) – BUY
Current Price: PKR 226.29
Target Price: PKR 324.00

Indus Motor (INDU) – BUY
Current Price: PKR 1077.20
Target Price: PKR 1293.99

Fauji Fertilizer Company (FFC) – BUY
Current Price: PKR 127.43
Target Price: PKR 163.5

ENGRO Fertilizer Limited (EFERT) – BUY
Current Price: PKR 92.26
Target Price: PKR 118.7

Fatima Fertilizer (FATIMA) – BUY
Current Price: PKR 46.29
Target Price: PKR 58.9

Engro Corporation (ENGRO) – BUY
Current Price: PKR 305.76
Target Price: PKR 362.00

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 133.60
Target Price: PKR 212.00

Pak Oilfields (POL) – BUY
Current Price: PKR 306.55
Target Price: PKR 423.0

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 122.08
Target Price: PKR 193.8

Pakistan State Oil (PSO) – BUY
Current Price: PKR 292
Target Price: PKR 493

Nishat Mills (NML) – BUY
Current Price: PKR 99
Target Price: PKR 168.5 

Allied Bank Limited (ABL) – BUY
Current Price: PKR 98.00
Target Price: PKR 135.00 

National Bank (NBP) – BUY
Current Price: PKR 51.95
Target Price: PKR 69.0

United Bank Ltd (UBL) – BUY
Current Price: PKR 155.25
Target Price: PKR 194.00

Habib Bank Limited (HBL) – BUY
Current Price: PKR 202.62
Target Price: PKR 270

Bank Al-Falah (BAFL) – BUY
Current Price: PKR 25.54
Target Price: PKR 34

Bank Al-Habib (BAHL) – BUY
Current Price: PKR 42.50
Target Price: PKR 68

Dera Ghazi Khan Cement (DGKC) – BUY
Current Price: PKR 135.48
Target Price: PKR 176

Lucky Cement (LUCK) – BUY
Current Price: PKR 518.64
Target Price: PKR 665

Maple Leaf Cement (MLCF) – BUY
Current Price: PKR 64.36
Target Price: PKR 79.05

Kohat Cement (KOHC) – BUY
Current Price: PKR 198
Target Price: PKR 268

Cherat Cement (CHCC) – BUY
Current Price: PKR 83.59
Target Price: PKR 109

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


  1. Thanks sir... its very nice if you can update us every sunday...

  2. Usually how it may take to reach its target price ??? Any idea..