Karachi Stock Exchange Weekly Analysis 21 Nov, 2015


Top gainers of last week were: Associated Services Limited, Mari Petroleum, Shifa International Hospitals, TRG Pakistan Ltd, Ibrahim Fibres, B.O.Punjab, Jah.Sidd. Co., Kohinoor Textile, Pak Tobacco Co. and Attock Refinery Ltd.

Top losers of last week were: Bannu Woollen, Allied Rental Mod, Shell Pakistan, Jubilee Gen Ins, International Steels Ltd, Oil and Gas Deve, Meezan Bank, MCB Bank Ltd, Rafhan Maize Prod. and Fauji Fert Bin.

Top ten volume leaders: TRG, SSGC, BOP, PAEL, JSCL, KEL, SNGP, PIBTL, ENGRO, ATRL and NML.

The Karachi Stock Exchange (KSE) market index remained under pressure this week sliding down by 0.84%WoW to 33,857pts. The benchmark Karachi Stock Exchange (KSE) 100-share Index lost -288 points, or -0.84 percent, to close the week at 33,857 points. KSE 30-share Index shed 206 points, or -1.02 percent, to end at 20,001 points.

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

  • Continuous foreign selling, decline in oil prices (WTI Crude down 2.3% WoW) and lack of any market-moving update kept investors wary from taking any fresh positions
  • Millat Tractors Limited (MTL) signing an export agreement with AGCO Corporation to export Massey Fergusons tractors
  • FDI in the country falling by 24.1%YoY during 4MFY16 clocking in at US$350.8mn, according to figures released by SBP
  • Byco releasing plans to add 50 more outlets to its existing retail network of 300 across the country
  • PNSC swapping its loan of PkR3.3bn for another with favorable terms and a 4‐yr repayment period
  • Russia offering to supply LNG to Pakistan. Scrips that led the bourse included
  • Average daily volumes declined by 5% to 176mn shares while traded value fell by 18% to Rs6.6bn/US$62.6mn
  • Foreigners were sellers this week with net selling of US$15.9mn. They offloaded stocks in Oil & Gas and Chemicals sectors with selling of US$9.4mn and US$5.4mn, respectively
  • E&P sector received an upward thrust where companies (PPL, Mari) announced conversion of new exploratory sites to Petroleum Policy 2012 which will entitle them to new rates where an improvement in margins of refineries was also witnessed as a result of maintenance endeavors across the globe
  • The FBR is likely to increase the incidence of excise duty on beverages to generate additional revenue during FY16
  • Total Parco plans PKR 21bn investment for Caltex acquisition
  • Govt to issue fresh Sukuk worth PKR 300bn

Following are few BUY recommendations:

Pak Suzuki Motors (PSMC) – BUY
Current Price: PKR 466.28
Target Price: PKR 542

Indus Motor (INDU) – BUY
Current Price: PKR 1069.99
Target Price: PKR 1293.99

Honda Atlas Cars (HCAR) – BUY
Current Price: PKR 256.52
Target Price: PKR 324.00

Dera Ghazi Khan Cement (DGKC) – BUY
Current Price: PKR 138.42
Target Price: PKR 169.5

Lucky Cement (LUCK) – BUY
Current Price: PKR 514.58
Target Price: PKR 665

Maple Leaf Cement (MLCF) – BUY
Current Price: PKR 71.82
Target Price: PKR 87.4

Fauji Cement (FCCL) – BUY
Current Price: PKR 35.21
Target Price: PKR 39.50

Kohat Cement (KOHC) – BUY
Current Price: PKR 218
Target Price: PKR 268

Fauji Fertilizer Company (FFC) – BUY
Current Price: PKR 121.60
Target Price: PKR 163.5

ENGRO Fertilizer Limited (EFERT) – BUY
Current Price: PKR 84.04
Target Price: PKR 125.00

Fatima Fertilizer (FATIMA) – BUY
Current Price: PKR 46.27
Target Price: PKR 58.9

Engro Corporation (ENGRO) – BUY
Current Price: PKR 285.89
Target Price: PKR 362.00

Engro Foods Limited (EFOODS) – BUY
Current Price: PKR 154
Target Price: PKR 181.1

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 127.46
Target Price: PKR 174.8

Pak Oilfields (POL) – BUY
Current Price: PKR 315.63
Target Price: PKR 423.0

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 120.93
Target Price: PKR 193.8

Pakistan State Oil (PSO) – BUY
Current Price: PKR 336
Target Price: PKR 456.8

Attock Petroleum (APL) – BUY
Current Price: PKR 510.26
Target Price: PKR 620.0

K-Electric Co. (KEL) – BUY
Current Price: PKR 7.7
Target Price: PKR 13.9 

Kot Addu Power Co (KAPCO) – BUY
Current Price: PKR 85.84
Target Price: PKR 97.00

Nishat Mills (NML) – BUY
Current Price: PKR 103.6
Target Price: PKR 168.5
Pakistan Telecommunication (PTC) – BUY
Current Price: PKR 16.8
Target Price: PKR 25.1

Allied Bank Limited (ABL) – BUY
Current Price: PKR 96.8
Target Price: PKR 120.7 

National Bank (NBP) – BUY
Current Price: PKR 56.7
Target Price: PKR 69.0

United Bank Ltd (UBL) – BUY
Current Price: PKR 162.7
Target Price: PKR 194.00

Habib Bank Limited (HBL) – BUY
Current Price: PKR 212.0
Target Price: PKR 270

Bank Al-Falah (BAFL) – BUY
Current Price: PKR 29.0
Target Price: PKR 34

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

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 comment:

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