Corporate Member of the Karachi & Islamabad Stock Exchanges & the Pakistan Mercantile Exchange

Weekly Review 19th December 2014

Weekly Review 19th December 2014

Week 51 - 2014
________________
Contents
About Askari Securities Ltd..................................................................................... 2
Dos & Donts of Investments................................................................................ 3
Market Snapshot........................................................................................................ 4
Corporate Actions ..................................................................................................... 5
Upcoming Board Meetings ...................................................................................... 6
Regional Stock Markets and Commodities Performance Review...................... 6
Stock Market Risk Level .......................................................................................... 7
Stock Market Liquidity Level .................................................................................. 7
Value Basket............................................................................................................... 7
Sentiment Basket ....................................................................................................... 7
Market Commentary ................................................................................................. 8
Special Feature: Board Meeting Calendar December 2014 ............................. 9
Red List Companies - Sector Wise ....................................................................... 10

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Corporate Member of the Karachi & Islamabad Stock Exchanges & the Pakistan Mercantile Exchange
Weekly Review 19th December 2014

About Askari Securities Ltd

Askari Securities Ltd. (ASL) is one of the fastest developing investment houses in Pakistan's Capital
market, offering a wide range of investment services for institutions and retail clients. ASL is a member of
the Karachi Stock Exchange, the Islamabad Stock Exchange and the Pakistan Mercantile Exchange. ASL
is registered as a certified Mutual Fund Distributor with the Mutual Fund Association of Pakistan.
ASL is a subsidiary of Askari Bank Ltd and the Army Welfare Trust. Askari Bank Ltd is a leading bank in
Pakistan and is owned by the Fauji Foundation and its group of Companies. The Fauji Foundation and
the Army Welfare Trust have launched companies, which are among the most renowned in Pakistans
corporate arena. Askari Investment Management is a mutual fund management company which is wholly
owned by Askari Bank Ltd.
ASLs success is built on its expanding presence in the market, service to the client, maturity in dealing
with market situations and continuous evolution in services offered. For more information you can visit
our office, website or simply contact us.

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Corporate Member of the Karachi & Islamabad Stock Exchanges & the Pakistan Mercantile Exchange
Weekly Review 19th December 2014

Dos & Donts of Investments

The following is a list of Dos and Donts that you should go through.
It is aimed at helping you gain an insight into what ones mental framework should be in the process of
investments. The following have been observed time and again and are also based on empirical evidence.
Dont try to beat the market. You simply cant moving sensibly with the market is good
enough.
Explore the idea: Sell when the market is rising, Buy when the market is falling. This is an
important way to make the best of price movements.
Dont be greedy. When you are making a profit, book it and become ready to buy at lower levels.
Be ready to engage the market. If you are not ready, that opportunity will pass.
Dont fear. Markets will dip and they will rise.
Be Patient. The market may make movements that are sudden, against your analysis or beyond
your expectations in all circumstances remain patient.
Buy good things and dont expect bad things to outperform good things. When you buy a
good security, the probability of it giving you a positive return is higher than a bad security.
Avoid deciding in a state of panic. Decisions taken while in a state of panic usually have bad
results.
Dont over trade. Avoid trading unnecessarily.
This is a game of averages. Success in investments is a function of averages.

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Corporate Member of the Karachi & Islamabad Stock Exchanges & the Pakistan Mercantile Exchange
Weekly Review 19th December 2014

Market Snapshot
12-Dec-14
KSE 100 Index
31,589.82
Weekly Total KSE Volume: 1,013,939,400
Daily Avg. KSE Traded Value: 11,940,784,880
Admajee Insurance
49.92
Allied Bank Ltd.
114.51
Arif Habib Corp
23.21
Askari Bank Ltd.
22.39
Attock Refinery
189.76
Attock Petroleum
525.67
Atlas Battery Ltd
854.12
Atlas Honda
309.17
Attock Cement
193.59
Azgard Nine
6.31
Bank Al-Falah
30.63
Bank Al-Habib Ltd
47.00
Bank Of Punjab
9.74
Biafo Industries
183.33
Archroma Pakistan Ltd
683.53
Colgate-Palmolive (Pakistan) Ltd
1865.43
Crescent Steels & Allied Products
52.84
D.G.K.Cement
109.45
Dewan Cement
8.29
Dewan Salman
2.07
Engro Corp.
213.07
Engro Foods
106.28
Fatima Fert Co.
32.37
Fauji Cement
24.26
Fauji Fert Bin Qasim
42.66
Fauji Fertilizer Co.
119.10
Gatron Industries
161.50
Ghani Glass
65.91
Habib Bank Ltd.
207.38
Hub Power Co.
74.86
Jahangir Siddiqui & Co.
14.25
J.D.W. Sugar Mills Ltd
344.83
ICI Pakistan
493.00
Indus Motor Co.
911.62
Karachi Electric Ltd.
8.43
Kot Addu Power Co.
76.13
Lafarge Pakistan
16.85
Lotte Chemical
7.05
Lucky Cement Ltd.
504.74
Maple Leaf Cement
42.99
Mari Gas Co. Ltd
581.36
MCB Bank Ltd.
292.20
Millat Tractors Ltd
643.53
National Bank
66.79
National Refinery Ltd.
190.31
Nestle Pakistan Ltd
8500.00
NIB Bank
2.12
Nishat (Chunian)
46.50

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19-Dec-14
31,011.15

49.31
112.92
23.27
21.89
187.33
519.28
847.01
302.72
198.55
5.93
30.64
45.75
9.88
186.36
616.61
1885.91
50.67
109.06
7.95
1.95
212.49
103.20
32.80
24.29
43.10
116.60
163.00
65.10
215.13
75.03
14.30
321.53
462.13
870.82
8.74
76.93
17.30
6.85
485.12
41.83
511.40
280.61
647.07
65.15
192.81
8500.00
2.08
43.39

Change
-578.67

% Change
-1.83

Daily Avg.: 202,787,880

Avg. Traded Val/Share:58.88
-0.61
-1.22
-1.59
-1.39
0.06
0.26
-0.50
-2.23
-2.43
-1.28
-6.39
-1.22
-7.11
-0.83
-6.45
-2.09
4.96
2.56
-0.38
-6.02
0.01
0.03
-1.25
-2.66
0.14
1.44
3.03
1.65
-66.92
-9.79
20.48
1.10
-2.17
-4.11
-0.39
-0.36
-0.34
-4.10
-0.12
-5.80
-0.58
-0.27
-3.08
-2.90
0.43
1.33
0.03
0.12
0.44
1.03
-2.50
-2.10
1.50
0.93
-0.81
-1.23
7.75
3.74
0.17
0.23
0.05
0.35
-23.30
-6.76
-30.87
-6.26
-40.80
-4.48
0.31
3.68
0.80
1.05
0.45
2.67
-0.20
-2.84
-19.62
-3.89
-1.16
-2.70
-69.96
-12.03
-11.59
-3.97
3.54
0.55
-1.64
-2.46
2.50
1.31
0.00
0.00
-0.04
-1.89
-3.11
-6.69

Corporate Member of the Karachi & Islamabad Stock Exchanges & the Pakistan Mercantile Exchange
Weekly Review 19th December 2014
Nishat Chunian Power
Nishat Mills Ltd
Nishat Power Ltd.
OGDC
P.S.O.
P.T.C.L.A
Pak Oilfields
Pak Petroleum Ltd.
Pak Reinsurance Ltd
Rafhan Maize Products
Security Papers Ltd.
Service Industries Ltd.
Shahtaj Sugar Mills Ltd
Sui North Gas
Sui South Gas
TRG Pakistan Ltd.
Tri-Pack Films Ltd.
United Bank Ltd.
Unilever Pakistan Food

Corporate Actions
Company Name
Engro Fertilizers Limited
Attock Cement Pakistan
Standard Chartered Bank (Pakistan) Ltd.
Azgard Nine Limited
Pakistan Reinsurance Company Limited
Engro Foods Limited
Pakistan Oilfields Ltd
Shell Pakistan Limited
Maple Leaf Cement Factory
Hinopak Motors Limited
The Bank of Khyber
Pakistan International Airlines Ltd.
Cherat Cement Co. Ltd.
Attock Petroleum Ltd
National Refinery Ltd
NIB Bank Limited
Lucky Cement Limited
National Bank of Pakistan
Pak Suzuki Motor Co. Limited
Atlas Honda Limited
Nishat Mills Limited
Dewan Cement Limited
Fatima Fertilizer Co. Ltd
Bank Al-Habib Limited
Lotte Chemical Pakistan Ltd.
Pakistan State Oil Co Ltd
The Hub Power Co. Ltd.
Askari Bank Limited

49.08
131.43
45.87
213.41
364.80
22.24
391.77
177.92
30.64
10200.00
76.44
976.12
72.75
26.57
36.25
13.85
266.99
172.13
8111.00

47.96
118.10
45.75
204.61
360.59
21.73
370.11
177.38
30.44
10275.00
75.43
927.58
72.75
28.81
38.23
13.78
251.83
163.09
8111.00

-1.12
-13.33
-0.12
-8.80
-4.21
-0.51
-21.66
-0.54
-0.20
75.00
-1.01
-48.54
0.00
2.24
1.98
-0.07
-15.16
-9.04
0.00

-2.28
-10.14
-0.26
-4.12
-1.15
-2.29
-5.53
-0.30
-0.65
0.74
-1.32
-4.97
0.00
8.43
5.46
-0.51
-5.68
-5.25
0.00

Payouts

EPS (Rs.)

Book Closure

-----------------------------------------------------------------------------------------------------------------

4.24
4.11
1.91
(0.30)
3.02
0.33
17.62
8.37
1.03
40.21
0.83
(4.65)
2.39
15.17
(10.47)
0.07
8.96*, 8.25**
5.51*, 5.67**
19.57
10.67
1.14
0.17
3.06
4.00
(0.71)
19.30
1.81
2.47

-----------------------------------------------------------------------------------------------------------------

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Corporate Member of the Karachi & Islamabad Stock Exchanges & the Pakistan Mercantile Exchange
Weekly Review 19th December 2014
Jahangir Siddiqui & Co Limited
Kot Addu Power Co Ltd
Murree Brewery Co Ltd
Pakistan Petroleum Ltd
Engro Polymer & Chemicals
GlaxoSmithKline Pakistan
D. G. Khan Cement Co.
Thal Limited
MCB-Arif Habib Savings Invest. Limited
*(Consolidated) ** (Unconsolidated),

-------------------------------------

Upcoming Board Meetings

Company Name
Fauji Fertilizer Co. Limited.
Al-Noor Sugar Mills Limited
Dewan Sugar Mills Limited
Mirpurkhas Sugar Mills Ltd
Ibrahim Fibres Limited
Hub Power Company Limited
Askari general insurance Company ltd
Habib Sugar Mills Limited
Mohammad Farooq Textile
Unilever Pakisan Foods Ltd

0.18
2.74
11.25
6.94
(0.05)
3.75
2.64
3.85
0.73

Date / Day

Time

22.12.2014 Monday
22.12.2014 Monday
22.12.2014 Monday
23.12.2014 Tuesday
23.12.2014 Tuesday
24.12.2014 Wednesday
24.12.2014 Wednesday
24.12.2014 Wednesday
24.12.2014 Wednesday
04.03.2015 Wednesday

11:00 a.m.
11:30 a.m.
04:00 p.m.
03:00 p.m.
04:00 p.m.
10:00 a.m.
11:00 a.m.
12:00 p.m.
04:00 p.m.
02:30 p.m.

Regional Stock Markets and Commodities Performance Review

Last
Regional Markets
Country
Level
Daily %
KSE-100 Index
BSE-30 SENSEX Index
DSI Index
CSE All Shares Index
SSE Composite Index
NASDAQ Dubai UAE 20 Index

-------------------------------------

Pakistan
India
Bangladesh
Sri Lanka
China
U.A.E

WTD %

MTD %

CYTD
%

31,011
27,372
4,856
7,253
3,109
3,558

0.60
0.90
0.00
0.31
1.67
0.00

(1.83)
0.08
(0.75)
0.22
5.80
5.39

(0.60)
(4.61)
1.82
1.38
15.87
(13.05)

22.76
29.29
13.83
22.66
46.91
4.74

60.26
1,197.30
15.94

1.67
0.23
0.03

(2.57)
(2.03)
(6.58)

(14.10)
1.89
2.44

(45.61)
(0.42)
(17.73)

(3.41)

(30.24)

(56.20)

369.30

Commodities
Brent Crude Oil ($/bbl)
Gold ($/oz.)
Silver ($/oz.)

In $ Millions
Foreign Investors Portfolio Invest. (FIPI)

Pakistan

Source: Indices Website, Chicago Mercantile Exchange (CME), FIPI as of 18/12/2014, DSI Index & NASDAQ Dubai Closed on Friday.

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Corporate Member of the Karachi & Islamabad Stock Exchanges & the Pakistan Mercantile Exchange
Weekly Review 19th December 2014

Stock Market Risk Level

Low

Moderate

High

Moderate

High

Stock Market Liquidity Level

Low

Value Basket

Allied Bank Ltd (ABL)

Attock Cement Pakistan (ACPL)
Adamjee Insurance Co. (AICL)
Attock Petroleum(APL)
Atlas Battery (ATBA)
Atlas Honda (ATLH)
Bank Al-Habib (BAHL)
Biafo Industries (BIFO)
Colgate-Palmolive Pakistan (COLG)
Clariant Pakistan (CPL)
Engro Corporation (ENGRO)
Fauji Fertilizer Co. (FFC)
Fauji Fertilizer Bin Qasim (FFBL)
Gatron Industries (GATI)
Ghani Glass (GHGL)

Sentiment Basket

Arif Habib Corporation (AHCL)

Azgard Nine (ANL)
Attock Refinery (ATRL)
Bank Alfalah (BAFL)
Bank of Punjab (BOP)
Crescent Steel (CSAP)

Habib Bank (HBL)

Hub Power Co. (HUBC)
ICI Pakistan (ICI)
Indus Motor Co. (INDU)
J.D.W. Sugar Mills (JDWS)
KotAddu Power (KAPCO)
Lucky Cement (LUCK)
Mari Petroleum. (MARI)
MCB Bank (MCB)
Millat Tractors (MTL)
National Bank of Pakistan (NBP)
Nestle Pakistan (NESTLE)
Nishat Chunian Power (NCPL)
Nishat Mills(NML)
Nishat Power (NPL)

D.G.K. Cement (DGKC)

Jahangir Siddiqui Co. (JSCL)
Karachi Electric (KESC)
Lafarge Pakistan (LPCL)
Lotte Pak PTA (LOTPTA)
NIB Bank Ltd. (NIB)

Note: Ltd. excluded for the sake of brevity

7 / 11

Oil & Gas Dev. Co. (OGDC)

Pak Oil Field ( POL)
Pak Petroleum (PPL)
Pak State Oil (PSO)
Pak Telecommunication (PTC)
Pak Tobacco (PAKT)
Rafhan Maize Product (RMPL)
Security Papers (SEPL)
Sui North Gas (SNGP)
Sui South Gas (SSGC)
Thal Ltd. (THAL)
Tri-Pack Films (TRIPF)
United Bank (UBL)
Unilever Pakistan (ULEVER)
Unilever Food (UPFL)

National Refinery (NRL)

Service Industries (SRVI)
Shahtaj Sugar Mills (SHJS)
Silk Bank Ltd. (SILK)
TRG Pak Ltd. (TRG)

Corporate Member of the Karachi & Islamabad Stock Exchanges & the Pakistan Mercantile Exchange
Weekly Review 19th December 2014

Market Commentary
We pray for the brave souls of the innocents departed from us, a couple of days back. We pray for
the early recovery of those injured in that attack. Ameen.
The KSE-100 Index ended this week at 31,011 losing 579 points i.e. -1.83% (last week: -1.74%) in this
week. Daily total volumes for this week were 203 million shares (last week: 238 million shares). Risk is
moderate and liquidity is high. Average traded value per share for this week was Rs. 58.9 (last: Rs. 53.27).
The US Federal Reserve is expected to pursue a rate hike despite global growth issues. Oil was at a 5 and a
half year low, Asian shares fell to 9 month lows and Chinas factory sector contracted for the first time in 7
months.
The IMF said that it seeks tax reforms in Pakistan. The WB and ADB approved $180 mln for irrigation
projects. IMF approved a $1.1 bln EFF loan for Pakistan. Askari Bank Ltd and Sindh bank were allowed
to proceed with the due diligence with regards to KASB bank. Agricultural credit disbursement rose to Rs.
167.6 bln for the July to November period (last: Rs. 117.4 bln). Agricultural loans as of June 2014 stood at
Rs. 290.35 bln, increasing from Rs. 257 bln. FDI rose 19.2% to $422 mln in the July to November period.
SPI inflation increased by 0.05% for the week ending 11 December. Pakistans Forex reserves were at
$14.04 bln. The Pakistani Rupee was trading at Rs. 100.75 / $US at the end of the week and Rs. 101.40 /
$US in the beginning of the week. Gold was trading at $1196.70 at the end of the week (weeks beginning:
$1222.8), Silver was trading at $15.90 at the end of the week (weeks beginning: $17.16) and Crude Oil was
trading at $54.84 at the end of the week (weeks beginning: $59.37).
Going Forward
The market has taken a dip for the second week running with a consolidated dip of approximately 3.5%.
The market is behaving sentimentally but multiple options exist at this stage as there is fundamental
strength. Clients should build positions in these dips and sell on strength.

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Corporate Member of the Karachi & Islamabad Stock Exchanges & the Pakistan Mercantile Exchange
Weekly Review 19th December 2014

Special Feature: Board Meeting Calendar December 2014

Monday

Tuesday

Wednesday

Thursday

Friday

Saturday

Sunday

1
FRCL,

3
DNCC,

6
UNIC,

10

11

12
MSOT,

13
GHGL,

14
BAFL,

15
GADT, FZTM,

16
STCL, BYCO,

17
NIB, PMPK,

18
KASBSL,

19
SIEM, SHSML

20

21

22
FFC, ALNRS,
DWSM,

23
MIRKS, IBFL,

24
HUBC, AGIC,
HABSM, MFTM,

25

26

27

28

29

30

31

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Corporate Member of the Karachi & Islamabad Stock Exchanges & the Pakistan Mercantile Exchange
Weekly Review 19th December 2014

Red List Companies - Sector Wise

Automobile & Parts
Symbols
Company

Company
Ghani Automobile Industries

Symbols

GAIL

Chemicals
Mandviwala Mauser Plastic Industries
United Distributors Pakistan

MWMP
UDPL

Pakistan PVC

PPVC

Commercial Banks
Apna Microfinance Bank

AMBL

KASB Bank

KASBB

Construction & Materials(Cement)

Frontier Ceramics
Haydary Construction Company
Safe Mix Concrete Products

FRCL
HADC
SMCPL

Japan Power Generation

Southern Electric Power Company

JPGL
SEPCO

Dadabhoy Cement Industries

Emco Industries

DBCI
EMCO

Electricity
Kohinoor Power Company
Tri-Star Power *

KOHP
TSPL

Electronic & Electrical Goods

Climax Engineering Company

CECL

Dewan Automotive Engineering

DWAE

Engineering
Equity Investment Instruments
Crescent Standard Modaraba*
First IBL Modaraba
First Punjab Modarba
First Tri-Star Modarba*
First Equity Modarba

CSM
FIBLM
FPJM
FTSM
FEM

First Dawood Investment Bank

Dawood Capital Management
First Capital Securities Corporation
Grays Leasing
IGI Investment Bank
Dawood Equities
Escorts Investment Bank
First Credit & Invest Bank
Invest Capital Investment Bank

FDIBL
DCM
FCSC
GRYL
IGIBL
DEL
ESBL
FCIBL
ICIBL

Dewan Sugar Mills

Abdullah Shah Ghazi Sugar Mills
Goodluck Industries *
Hussain Sugar Mills

DWSM
AGSML
GLIN
HUSS

First Fidelity Leasing Modaraba

B.R.R. Guardian Modaraba
First Prudential Modarba
Tri-Star Mutual Fund
Modaraba Al Mali

FFLM
BRR
PMI
TSMF
MODAM

Financial Services
Trust Securities and Brokerage
Security Investment Bank
Security Leasing Corporation
Saudi Pak Leasing Company
Trust Investment Bank
KASB Securities
Pervez Ahmed Securities
Sigma Corporation
UNICAP Modarba

TSBL
SIBL
SLCL
SPLC
TRIBL
KASBSL
PASL
SIGL
UCAPM

Food Producers
Khairpur Sugar Mills
Mirza Sugar Mills
Pangrio Sugar Mills

KPUS
MZSM
PNGRS

General Industrials
Baluchistan Particle Board

BPBL

Ecopack

Industrial Metals & Mining

Metropolitan Steel Corporation

MSCL

East West Life Assurance Company

EWLA

Life insurance

10 / 11

ECOP

Corporate Member of the Karachi & Islamabad Stock Exchanges & the Pakistan Mercantile Exchange
Weekly Review 19th December 2014

Non-Life Insurance
Asia Insurance Company *
Century Insurance Company
Crescent Star Insurance Company
East West Insurance Company *
Silver Star Insurance Co.
Shaheen Insurance Company

ASIC
CENI
CSIL
EWIC
SSIC
SHNI

United Insurance Company of Pakistan

Reliance Insurance Company
Pakistan Guarantee Insurance Company
Premier Insurance
Universal Insurance Company

UNIC
RICL
PGIC
PINL
UVIC

Personal Goods(Textile)
Ghazi Fabrics International
Haji Mohammed Ismail Mills
Crescent Jute Products
DewanFarooque Spinning Mills
Fateh Industries.
I.C.C. Textile
Chenab - Preference Shares
Glamour Textile Mills *
D.M. Textile Mills
D.S. Industries
International Knitwear *
Amtex
Ayesha Textile Mills
Crescent Cotton Mills
Chenab
Ishaq Textile Mills
J.A. Textile Mills
Globe (OE) Textile Mills Mills
National Silk and Rayon Mills
Quality Textile Mills *

GFIL
HMIM
CJPL
DFSM
FIL
ICCT
CLCPS
GLAT
DMTX
DSIL
INKL
AMTEX
AYTM
CCM
CHBL
ISTM
JATM
GOEM
NSRM
QUAT

Sajjad Textile Mills

Kohat Textile Mills
Mian Textile Industries
S.G. Fiber
Pak Leather Crafts
Ravi Textile Mills
Salman Noman Enterprises*
Taha Spinning Mills
United Brands
Khalid Siraj Textile Mills
Mubarak Textile Mills
Redco Textiles
Jubilee Spinning and Weaving Mills
Khyber Textile Mills
Kohinoor Industries
MohummedFarooq Textile Mills
Sargodha Spinning Mills *
Yousuf Weaving Mills
Zephyr Textile *

SJTM
KOHTM
MTIL
SGFL
PAKL
RAVT
SANE
THAS
UBDL
KSTM
MUBT
REDCO
JUBS
KHYT
KOIL
MFTM
SRSM
YOUW
ZTL

Travel And Leisure

Dreamworld Limited

DREL

We have identified The Red Companies which are taken from the KSE All companies list and are sorted out on
the basis of their past performance as they are not liquid (i.e. having low volumes) and havenot paid dividends in
last 3 to 4 years andthey have lesser chances of any capital gain as well.
*

These are the scrips which have declared dividend at least once or twice in the last four years.

For further details and queries

research@askarisecurities.com.pk

please

contact

Khurshid

Ahmed

at:

+92

51

2894521,

Disclaimer: This market and expectation review is meant solely for the purpose of information and discussion. Any liability arising of an
investor consequent to the consumption of this review is the sole responsibility of the investor and can in no way whatsoever be attributed
to this review or Askari Securities Ltd. Expectations and pertinent risks are subject to market conditions and can change, which is
outside the view of this review.

11 / 11