Karachi Stock Exchange Weekly Analysis 20 Dec, 2015

BUY recommendations are PSMC, INDU, HCAR, DGKC, LUCK, MLCF, FCCL, KOHC, FFC, EFERT, FATIMA, ENGRO, EFOODS, OGDC, POL, PPL, PSO, APL, KEL, KAPCO, NML, PTC, ABL, NBP, UBL, HBL, BAFL and BAHL.

Top gainers of last week were: Pak Petroleum, Archroma Pakistan, Mari Petroleum, Kohat Cement, Shifa International Hospitals, Shell Pakistan, Ghani Glass Ltd, Orix Leasing, P.S.O. and Cherat Cement.

Top losers of last week were: Sui North Gas Pipe., Associated Services Limited, TRG Pakistan Ltd, Sui South Gas, Rafhan Maize Prod., Nestle Pakistan, Larpir Power Ltd, B.O.Punjab, Bannu Woollen and J.D.W.Sugar.

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

The Karachi Stock Exchange (KSE) market witnessed volatility during the week as the index traded in the range of 625pts. The benchmark Karachi Stock Exchange (KSE) 100-share Index gained 341 points, or 1.04 percent, to close the week at 33,049 points. KSE 30-share Index gain 191 points, or 0.99 percent, to end at 19,391 points.

Average traded volumes went down by 23% to 139mn shares/day, while average traded value stand out at US$82mn (down 3.1% WoW). As far as FIPI is concerned, foreigners sold US$6.1mn during the week as compared to net selling of US$10.2mn in the past week.

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
  • APCMA number show cement sales grew by 15.5%YoY to 12.2mn tonnes in 5MFY16
  • ECC of the Cabinet allowed the export of 0.5mn metric tons of sugar by Mar 31’16 and approved PkR13 as cash freight subsidy on the export
  • PPL gained attention amid huge gas discovery of 56mmcfd with the stock hitting upper limit
  • Global markets welcome the 0.25bps hike in FED rate as it shows better economic health of one of the leading world economy
  • The local political puddle saw the extension of stay for the Sindh Rangers, to allow them to continue their security operation in the province
  • Major energy breakthrough: TAPI launched
  • ADB to provide USD1.2 to USD1.5bn in 2016
  • PSMC, the country’s largest carmaker, is planning to introduce 2‐fresh variants in the local market, besides setting up a manufacturing plant for spare parts at a total investment of USD430mn. PSMC will introduce a smaller car in the 660cc engine category, while also introducing a 1,600cc compact SUV
  • FED raises interest rates for first time in a decade
  • Petroleum products contribute 44% to sales tax collection

Following are few BUY recommendations:

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

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

Honda Atlas Cars (HCAR) – BUY
Current Price: PKR 241.17
Target Price: PKR 324.00

Dera Ghazi Khan Cement (DGKC) – BUY
Current Price: PKR 138.4
Target Price: PKR 169.5

Lucky Cement (LUCK) – BUY
Current Price: PKR 496.7
Target Price: PKR 665

Maple Leaf Cement (MLCF) – BUY
Current Price: PKR 69.9
Target Price: PKR 87.4

Fauji Cement (FCCL) – BUY
Current Price: PKR 36.00
Target Price: PKR 39.50

Kohat Cement (KOHC) – BUY
Current Price: PKR 235.13
Target Price: PKR 268

Fauji Fertilizer Company (FFC) – BUY
Current Price: PKR 113.56
Target Price: PKR 163.5

ENGRO Fertilizer Limited (EFERT) – BUY
Current Price: PKR 83.55
Target Price: PKR 125.00

Fatima Fertilizer (FATIMA) – BUY
Current Price: PKR 41.50
Target Price: PKR 58.9

Engro Corporation (ENGRO) – BUY
Current Price: PKR 276.61
Target Price: PKR 362.00

Engro Foods Limited (EFOODS) – BUY
Current Price: PKR 147
Target Price: PKR 181.1

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 114.7
Target Price: PKR 174.8

Pak Oilfields (POL) – BUY
Current Price: PKR 269.6
Target Price: PKR 423.0

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 111.0
Target Price: PKR 193.8

Pakistan State Oil (PSO) – BUY
Current Price: PKR 329.2
Target Price: PKR 456.8

Attock Petroleum (APL) – BUY
Current Price: PKR 471.5
Target Price: PKR 620.0

K-Electric Co. (KEL) – BUY
Current Price: PKR 7.6
Target Price: PKR 13.9 

Kot Addu Power Co (KAPCO) – BUY
Current Price: PKR 83.1
Target Price: PKR 97.00

Nishat Mills (NML) – BUY
Current Price: PKR 95.4
Target Price: PKR 168.5
 
Pakistan Telecommunication (PTC) – BUY
Current Price: PKR 16.3
Target Price: PKR 25.1

Allied Bank Limited (ABL) – BUY
Current Price: PKR 97.5
Target Price: PKR 120.7 

National Bank (NBP) – BUY
Current Price: PKR 55.0
Target Price: PKR 69.0

United Bank Ltd (UBL) – BUY
Current Price: PKR 159.4
Target Price: PKR 194.00

Habib Bank Limited (HBL) – BUY
Current Price: PKR 215.4
Target Price: PKR 270

Bank Al-Falah (BAFL) – BUY
Current Price: PKR 29.6
Target Price: PKR 34

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