Karachi Stock Exchange Weekly Analysis 14 Dec, 2015


Top gainers of last week were: Mari Petroleum, Ferozsons (Lab), Bata (Pak) Ltd., B.O.Punjab, Arif Habib Corp, Sui South Gas, Pak Int.Bulk Ter, Larpir Power Ltd, Packages Limited and Abbott Lab
Top losers of last week were: Nestle Pakistan, Allied Rental Mod, Pak Oilfields, Bannu Woollen, Indus Dyeing, EFU Life Assur Ltd., Hum Network Ltd, Attock Petroleum, Ibrahim Fibres and Oil and Gas Deve.

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

The Karachi Stock Exchange (KSE) market index ended the week on a positive note by recovering back to its previous 33K pts to settle at 33,049pts up 1.04% WoW . The benchmark Karachi Stock Exchange (KSE) 100-share Index gain 341 points, or 1.04 percent, to close the week at 33,049 points. KSE 30-share Index shed 191 points, or 0.99 percent, to end at 19,391 points.

Trading volumes showed some improvement with average volumes for the week resting at 181mn vs 155mn shares.

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

  • OPEC’S indecision to maintain its oil output in its last week’s policy review has triggered another slide in global crude oil prices where Arablight/Brent have slipped 7.7%/7.4%
  • SBP announced auction of GoP three year Ijara Sukuk against Jinnah International Airport Karachi as the underlying Asset with expected borrowing over PkR300bn
  • Remittances for Nov’15 clocked in at US$1.6bn rising 18.5%YoY while for 5MFY16 remittances amounted to US$8bn up by 7.5%YoY
  • HCAR raised its prices with immediate effect following 1% additional duty on imports
  • Government of Pakistan has levied 1% additional duty on the import of raw material for the agriculture sector, which will also increase the prices of tractors between PKR5,000 and PKR10,000 with immediate effect
  • APCMA number show cement sales grew by 15.5%YoY to 12.2mn tonnes in 5MFY16
  • ECC of the Cabinet allowed the export of 0.5 mn metric tons of sugar by Mar 31’16 and approved PkR13 as cash freight subsidy on the export
  • Government gives sugar industry PKR7bn export subsidy instead of benefiting consumers
  • Foreigners continued selling spree of US$10.2mn during the week as compared to net selling of US$17mn in the past week
  • MARI was the star performer of the week as the company aimed to ramp‐up its gas production by 150 – 200 mmscfd within a couple of months
  • Announcement made by the Mari Gas that it will add 200mmcfd of gas within a couple of months which in turn provided momentum to the fertilizer industry
  • Engro Foods also added to rally as it is about to launch powdered milk in the next 6 months
  • Appreciation of Pak Rupee against the U.S. dollar attracted investor attention in the market
  • Government of Pakistan takes concrete step towards PIA sell‐off
  • PIA has issued 2.356bn shares to the federal government against its advance equity of the same amount. The airline also increased its authorised capital to PKR54bn, from PKR30bn 
  • The Asian Development Bank on Friday approved USD 250mn loan for Pakistan to boost cross‐border trade activity with its neighbouring countries by reducing customs processing time for cargo and goods at three key border points of Chaman, Torkham, and Wagah 
  • PACRA upgrades Bestway Cement’s rating
  • Arif Habib Corp to acquire 28.23% shares of Silk Bank
  • Millat Tractors goes global with historic signing of export agreement with AGCO

Following are few BUY recommendations:

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 470.1
Target Price: PKR 542

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 239.45
Target Price: PKR 324.00

Indus Motor (INDU) – BUY 
Current Price: PKR 1,015.5
Target Price: PKR 1293.99

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 115.72
Target Price: PKR 163.5

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 84.18
Target Price: PKR 118.7

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 43.26
Target Price: PKR 58.9

Engro Corporation (ENGRO) – BUY
Current Price: PKR 279.16
Target Price: PKR 362.00

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 114.66
Target Price: PKR 212.00

Pak Oilfields (POL) – BUY 
Current Price: PKR 269.58
Target Price: PKR 423.0

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 110.98
Target Price: PKR 193.8

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 329
Target Price: PKR 493

Attock Petroleum (APL) – BUY 
Current Price: PKR 471.50
Target Price: PKR 626.37

Nishat Mills (NML) – BUY 
Current Price: PKR 95
Target Price: PKR 168.5

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 97.47
Target Price: PKR 135.00

National Bank (NBP) – BUY 
Current Price: PKR 54.99
Target Price: PKR 69.0

United Bank Ltd (UBL) – BUY 
Current Price: PKR 159.38
Target Price: PKR 194.00

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 215.39
Target Price: PKR 270

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 29.62
Target Price: PKR 34

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 43.50
Target Price: PKR 68

Dera Ghazi Khan Cement (DGKC) – BUY
Current Price: PKR 138.35
Target Price: PKR 176

Lucky Cement (LUCK) – BUY
Current Price: PKR 496.67
Target Price: PKR 665

Maple Leaf Cement (MLCF) – BUY
Current Price: PKR 69.89
Target Price: PKR 79.05

Fauji Cement (FCCL) – BUY
Current Price: PKR 35.56
Target Price: PKR 39.50

Kohat Cement (KOHC) – BUY
Current Price: PKR 221
Target Price: PKR 268

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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