Karachi stock market Weekly Analysis seventeen Jan, 2015

The Karachi stock market (KSE) market remained upbeat for a fourth consecutive week. KSE-100 index closed on thirty three,786 by gaining 461 points or one.39% whereas KSE-30 index closed on twenty one,799 by gaining 179 points or zero.83%.

ADTO rose twelve.2% WoW to 331.5mn shares. Average daily price listed lordotic four.2% to US$147.1mn. FIPI witnessed Associate in Nursing flow of US$17.6mn, compared to outflow of US$6.1mn last week.

Following news have compete important role in Karachi exchange index movement:

The main stories being a light recovery in oil stocks and triumphal sentiments on Macro’s
Average volumes registered Associate in Nursing dealings of 12-tone system W/W as jobbers propelled interest in penny plays with activity focused in JSCL, TRG, BOP and KEL
Financials came in limelight with the arena adding 210 points to the index. MCB emerged because the standout winner within the sector, rising by four.8% whereas UBL gained three.5%. Oils on the opposite hand that were gainers last week turned laggards with the arena shedding 228points
Cement stocks were seen harassed earlier within the week as rumors of a price cutting prompted investors to require profits, whereas they recovered within the later [*fr1] amid clarity relating to costs being unchanged
In the outgoing week EFOODS showed buoyancy driven by anticipation of a spike in its margins and therefore the company’s consolidation drive with its focus strategy bearing fruit
ENGRO marched more into inexperienced amid happy sentiments targeted on finance price savings within the wake of financial easing and bright prospects of LNG and fertiliser business
KEL was back in action on the last commercialism day of the week when Associate in Nursing in‐principle approval of Associate in Nursing extension within the provide of 650MW electricity from WAPDA
PIAA gathered steam within the week diode by lower fuel prices which can translate into Associate in Nursing improved bottom‐line
Alpha hunters and price seekers were active in banking plays as payout expectations propelled UBL and NBP
Foreign investors were web patrons throughout the week showing interest in FMCG’s as Associate in Nursing overall flow of USD10.9mn was recorded, taking the tally for the month to a negative US$ eight.75 million
ECC of the cupboard has approved a sovereign guarantee for issuing of PKR25bn TFC for power distribution corporations from a syndicate of economic banks
The freefall in oil costs is probably going to assist the allegory carrier Islamic Republic of Pakistan International Airlines save quite PKR twenty five billion this year, a company’s
In the outgoing week the Rupee lost some ground against the buck because the FX reserves control at SBP dialed in at US$ ten.365 billion showing a dip of US$ 111 million
Saudi Arabia has shown its temperament to produce rock oil to Islamic Republic of Pakistan at a subsided rate of US$40/bbl
Remittances rise by 15 August 1945 to US$
Engro Fertilizers converts IFC loan into equity
Consumers area unit expected to induce a relief of concerning PRs3.0/KWh in power tariff next month for attempt intensive load shedding last month
The financial institution would unveil its abundant hoped-for financial Policy Statement (MPS) on Jan‐24
High dividend yield scrips like FFC (up a pair of.2% WoW) and HUBCO (up four.6% WoW) continued to witness robust capitalist interest
The govt approved to impose a 15 August 1945 restrictive duty on the import of steel merchandise that triggered a rally within the native steel makers
Corolla continued to be the stand out entertainer with INDU duration in fifty one YoY growth throughout 1HFY15
PSO control steady with the govt. emotional PRs17.5bn to the corporate that helped defy rising expectations of inventory losses in 2Q
ECC approves 3 surcharges on power tariff
Duty obligatory on Mobile Set and Steel merchandise
Agreement of Islamic Republic of Pakistan and China to enter into the second spherical of trade Agreement (FTA), aimed to handle reservations of Islamic Republic of Pakistan

Top gainers of last week were: Islamic Republic of Pakistan Cables, Shifa International Hospitals, Arif Habib firm, Hum Network Ltd, Dawood Hercules Chem, National Foods, Kohinoor Textile, Jah.Sidd. Co., Attock rock oil and Avanceon Ltd.

Top losers of last week were: P.T.C.L.A, Pak rock oil, Pak Oilfields, Oil and Gas Deve, Soneri Bank, anniversary Life Ins, Lafarge Islamic Republic of Pakistan, Engro fertiliser, Packages restricted and Attock Cement Ltd.

Top 10 volume leaders: JSCL, KEL, TRG, BOP, HUMNL, MLCF, FCCL, DGKC, LOTCHEM, ENGRO, and LPCL.

Following area unit few purchase recommendations:

Fatima fertiliser Co. (FATIMA) – purchase
Current Price: PKR thirty six.86
Target Price: PKR forty three.00

Oil & Gas Development Co. (OGDC) – purchase
Current Price: PKR 207.97
Target Price: PKR 282

Pak Oilfields (POL) – purchase
Current Price: PKR 380.52
Target Price: PKR fifty three8.3

Pakistan rock oil (PPL) – purchase
Current Price: PKR 176.99
Target Price: PKR 221

Allied Bank restricted (ABL) – purchase
Current Price: PKR 114.80
Target Price: PKR 177.00

Habib Bank restricted (HBL) – purchase
Current Price: PKR 215.70
Target Price: PKR 262.00

Bank Al-Falah (BAFL) – purchase
Current Price: PKR thirty three.74
Target Price: PKR thirty-nine

Engro chemical compound Chemicals (EPCL) – purchase
Current Price: PKR thirteen.5
Target Price: PKR sixteen.5

Nishat Mills (NML) – purchase
Current Price: PKR 131.2
Target Price: PKR 163.5

Following area unit few SELL recommendations:

Hub Power Co (HUBCO) – SELL
Current Price: PKR eighty four.19
Target Price: PKR seventy one.00

Kot Addu Power Co (KAPCO) – SELL
Current Price: PKR seventy nine.03
Target Price: PKR fifty eight.00

Nishat Power Ltd (NPL) – SELL
Current Price: PKR forty five.00
Target Price: PKR thirty eight.00

Pakgen Power Ltd. (PKGP) – SELL
Current Price: PKR thirty one.52
Target Price: PKR twenty four.00

National Bank (NBP) – SELL
Current Price: PKR seventy.47
Target Price: PKR 53.00

Engro Corporation (ENGRO) – SELL
Current Price: PKR 246.0
Target Price: PKR 196.2

Dawood Hercules restricted (DAWH) – SELL
Current Price: PKR 113.5
Target Price: PKR seventy one.8

Thank you abundantly for reading this text.

NOTE: the data announce during this diary (forum) is predicated on current affairs & investors purpose of read. There could also be discrepancy within the ground realities.

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