Pakistan Stock Exchange (PSX) Weekly Analysis 23 Jan, 2016

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: National Refinery, Kohinoor Textile, Sui North Gas Pipe., Pak Petroleum, Attock Refinery Ltd., Punjab Oil, Pak Int.Bulk Ter, Pak Oilfields, Soneri Bank and GlaxoSmithKline Pak.

Top losers of last week were: Archroma Pakistan, Ferozsons (Lab), Fatima Fert.Co., MCB Bank Ltd, Pak Elektron, EFU Life Assur Ltd., Engro Corp, Orix Leasing, Lucky Cement and Habib Bank Ltd.

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

The Karachi Stock Exchange (KSE) market rebounded in line with the global trend as the increase in international crude prices meant investors were more than happy to take positions ahead of the weekend. The benchmark Karachi Stock Exchange (KSE) 100-share Index lost -52 points, or -0.17 percent, to close the week at 30,949 points. KSE 30-share Index lost -117 points, or -0.65 percent, to end at 17,941 points.

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

  • Honda Atlas (HCAR) gained as the company announced its results which were better than the market expectations
  • Trade volumes fell to 131 million shares compared with Thursday’s tally of 136 million shares
  • Nepra allowed KEL to increase tariff to 57.661 paisa/unit for November 2015 under fuel adjustment mechanism
  • KEL acquired land at Port Qasim for its 700MW coal fired project to be as a JV between the utility and the China Datang Group
  • NTCP imposed anti‐dumping duties in the range of 8.31% and 19.04% for 4 months on import of cold‐rolled coils and sheets from China and Ukraine
  • Government of Pakistan initiated its plan to install 4 new LNG terminals with handling capacity of ~2.3bcf/day to help mitigate the country's gas deficit
  • MOL completed exploration activities in Mardan Khel‐1 confirming a discovery of 3,440bpd oil and 40.56mmcfd gas
  • NA pushed through two major Acts approving Income Tax Amnesty and PIA's Privatization in the face of stiff opposition
  • MLCF kicked started the result season with a bang with earnings surpassing street estimates, supported by jump in gross margins, however, uncertainty in the broader market kept the scrip’s performance subdued
  • PSO drops planned Shell LNG deal, to buy from Qatar
  • OGDCL says confident on full‐year drilling target
  • Gloom continues as cotton output falls 33.5%
  • MOL makes major gas well discovery
  • Singer Pakistan parent sells its entire stake
  • Steel makers ignore steep fall in global prices
  • SBP delays monetary policy meeting as govt holds up board nominations   

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY
Current Price: PKR 90.91
Target Price: PKR 135.00 

Attock Petroleum (APL) – BUY
Current Price: PKR 439.96
Target Price: PKR 626.37

Bank Al-Falah (BAFL) – BUY
Current Price: PKR 26.86
Target Price: PKR 32

Bank Al-Habib (BAHL) – BUY
Current Price: PKR 43.56
Target Price: PKR 68

Cherat Cement (CHCC) – BUY
Current Price: PKR 95.04
Target Price: PKR 120

ENGRO Fertilizer Limited (EFERT) – BUY
Current Price: PKR 77.69
Target Price: PKR 110

Engro Corporation (ENGRO) – BUY
Current Price: PKR 257.06
Target Price: PKR 362.00

Fatima Fertilizer (FATIMA) – BUY
Current Price: PKR 37.74
Target Price: PKR 49

Fauji Fertilizer Bin Qasim (FFBL) – BUY
Current Price: PKR 47.86
Target Price: PKR 62

Habib Bank Limited (HBL) – BUY
Current Price: PKR 177.84
Target Price: PKR 268

Honda Atlas Cars (HCAR) – BUY
Current Price: PKR 248.98
Target Price: PKR 330.00

Kot Addu Power Co (KAPCO) – BUY
Current Price: PKR 79.51
Target Price: PKR 94

Lucky Cement (LUCK) – BUY
Current Price: PKR 479.14
Target Price: PKR 652

MCB Bank Limited (MCB) – BUY
Current Price: PKR 190.20
Target Price: PKR 268

National Bank (NBP) – BUY
Current Price: PKR 52.92
Target Price: PKR 65

Nishat Chun Power (NCPL) – BUY
Current Price: PKR 53.47
Target Price: PKR 63

Nishat Power Ltd (NPL) – BUY
Current Price: PKR 50.50
Target Price: PKR 59

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 103.53
Target Price: PKR 172

Pioneer Cement (PIOC) – BUY
Current Price: PKR 87.64
Target Price: PKR 105

Pak Oilfields (POL) – BUY
Current Price: PKR 209.55
Target Price: PKR 348

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 112.05
Target Price: PKR 168

United Bank Ltd (UBL) – BUY
Current Price: PKR 144.73
Target Price: PKR 212.00

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:

  1. I want to know about NIB future trading forecast because last it showed small profit and recover from loss. What you see it forecasted rate in stock market ..
    Pakistan Web Online

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