WEEKLY KSE UPDATE 24TH JUNE, TILL 28TH JUNE, 2013

SO FAR THIS HAS BEEN A GOOD CORRECTION . NOW THE MARKET IS IN OVERSOLD TERRITORY. I FEEL THAT THESE ARE GREAT LEVELS TO BUY . I STILL MAINTAIN 23,000 BY JULY 2013 IS VERY POSSIBLE...

I STRESS THIS MARKET IS SHOWING THE BULLISHNESS OF THE PEOPLE AS IT WONT GO DOWN BUT BY TRADING THE WAY IT HAS THESE PAST 2 WEEKS IT AUTOMATICALLY CORRECTS ITSELF AND THEN JUMPS UP.

BUT I WOULD REPEAT A WORD OF CAUTION AT HIGHER LEVELS WHICH I EXPECT TO BE TOUCHED.

AFTER ACHIEVING OUR TARGETS OF 22,000 THE MARKET INDICATORS ARE SHOWING THAT THERE IS A POSSIBILITY OF SEEING 23,000 AND MORE BY JULY AND MAYBE EVEN ABOVE 25,000 BY YEAR END 2013.

THERE IS NOW A CHANCE THAT WE SEE 23,000 OR HIGHER EVEN BY IN JULY TIME FRAME.

I REPEAT WHAT I WROTE BEFORE {THE PROBLEM WHY PEOPLE LOSE MONEY IS "GREED" . THEY OVER TRADE/LEVERAGE THEMSELVES TO MUCH THAT WHEN THE MARKET GOES SLIGHTLY AGAINST THEY CANNOT HOLD THEIR SHARES AND GET STOPPED OUT. (THAT IS EXACTLY WHY I SAY DO NOT DO THAT TRADE WITHIN YOUR LIMITS).. }... THE PROBLEM IS PEOPLE WANT TO BECOME RICH OVERNIGHT AND THUS OVER TRADE/MARGIN TRADE NOT THINKING OF THE CONSEQUENCES..
I WANT YOU ALL TO KNOW THAT IT TOOK ME 26 YEARS OF TRADING TO GET TO THIS POSITION WITH 29 YEARS OF EXPERIENCE AND THAT’S WHY I SAY BUILD UP YOUR EQUITY SLOWLY SLOWLY . THOSE THAT BORROW MONEY/OVER TRADE/MARGIN TRADE / DAY TRADE WILL ALWAYS LOSE MONEY IN THE LONG RUN .. MEDIUM/LONG TERM INVESTORS WILL ALWAYS MAKE MONEY AS I HAVE STATED MANY TIMES… STAY WITHIN YOUR MEANS YOU WILL MAKE SMALLER PROFITS BUT THEY WILL BE PROFITS AND LIKE ME 20 YEARS DOWN THE ROAD YOU WILL INSHA ALLAH BE RICH…

“KATRA KATRA KAR KAY DARYA BAANTA HAY” “ DROP BY DROP AN OCEAN IS MADE..

SOME GREAT NEWS .........

Byco considers listing country’s largest refinery (RUMORS ARE @ RS 25 PER SHARE)
Friday May 3, 2013

NOW BACK TO THE ANALYSIS…

THIS COMING WEEK SUPPORTS @ 21,550/21,650 SHOULD HOLD THE WEAKNESS AS WE TEST OUT OUR NEW TARGETS OF 23,000 AREA AND MUCH HIGHER. SO HIGHER HIGHS AND HIGHER LOWS. RESISTANCE FOR THIS WEEK SHOULD BE AT 22,050/22,150 

ALL MY TARGETS HAVE BEEN ACHIEVED EXCEPTING BYCO.......WHICH CAN START UPWARD TREND (UPPER CAPS) ANY DAY NOW ...

I REPEAT ENGRO, BYCO. QUICE , KESC , JSCL , SPL , BIPL STILL HAVE A LONG WAY TO GO UPWARDS ENGRO (TARGET ALREADY ACHIEVED OF RS 125) NOW NEW {NEW TARGET OF RS 155/165 BY JUNE 2013 TARGETS OF OUR OTHER SHARES HAVE BEEN MET AND ARE NOW BEING REVISED FOR EXAMPLE ATRL , NML, NCL , ETC ETC AND BYCO RS 17/20 (TARGET STILL TO BE ACHIEVED) BY NOW WOULD UNFORTUNATELY SAY MAY 2013 AND RS 27/30 BY JULY............

OUR TARGET OF AT LEAST 23,000 AND MAYBE EVEN MUCH HIGHER... INSHA ALLAH..... I DON’T WANT TO SOUND TOO OPTIMISTIC BUT AS ITS ELECTION YEAR AND UNCERTAINTY WILL PREVAIL THAT’S WHY MY “HOPE” OF KSE REACHING 24,000 THIS YEAR IS ALSO A POSSIBILITY BUT LIKE I SAID TOO MANY FACTORS AND UNCERTAINTIES ARE THERE TO SOUND OVERLY CONFIDENT..

AGAIN I SAY THAT ENGRO, HAS MUCH LOTS OF SCOPE AS OF COURSE DOES BYCO , KESC QUICE FOODS. IN QUICE FOODS I WOULD ADVISE PEOPLE TO TAKE PROFITS ABOVE RS 12.00/13.00 AREA....... AS COMPANY IS WITNESSING SOME CONSOLIDATION AND EXPANSION INTO OTHER AREAS. THERE IS A POSSIBILITY OF SATTA IN QUICE ALSO AS WHEN THOSE WHICH HAVE HEAVY LOSSES ( PIA, TELECARD , WTL , WTCL , PACE , PERVEZ SECURITIES, JAPAN POWER , WATEEN, ETC ETC ) ARE BEING TRADED AT 10 TIMES THEIR VALUE SO CHANCES OF QUICE COULD BE RS 17/RS 20 AS IT DID BEFORE AND AS IT HAS TREMENDOUS FUTURE PROSPECT ALL DEPENDING ON THEIR PROFESSIONAL OWNERS...

IT IS ALWAYS BETTER TO BE SELECTIVE WHERE TO BUY AND WHERE TO TAKE PROFITS AS THESE SHARES CAN STILL GO MUCH HIGHER FFC , ENGRO, ATRL , PSO, OGDC , PPL, POL, NRL , BYCO , QUICE , KESC, BIPL, SITC , TREET , ICI , AKZO , JSCL , ANL, EFOODS, KESC, MARI , SNGP, SSGC , CLARIANT PAK, ETC ETC .

AS I SAID BEFORE NOW THE WORLD EYES ARE NOW DEFINITELY ON ON KSE AND FOREIGN INVESTMENT IS SLOWLY COMING INTO KSE AND WILL DRIVE IT TO NEW HIGHS POSSIBLY EVEN 23,000 OR HIGHER. EVEN OUR PAKISTANI PEOPLE WITH BLACK MONEY HAVE REALISED THAT MAKING IT WHITE AND GETTING MAXIMUM PROFIT CAN EASILY BE HAD IN THE STOCK EXCHANGE... WITH THE DE MUTUALIZATION OF STOCK EXCHANGES FOREIGN FUNDS WILL ENTER THE PAKISTANI MARKET IN A MUCH BIGGER WAY ( I AM EXPECTING AN INVESTMENT OF MINIMUM US$ 1 OR US$ 2 BILLION OR MAYBE EVEN MORE NOW) AND THAT IS WHY I FORECAST EVEN 25,000 OR MORE BY 2013 END ...

SO SELECTIVE BUYING ON DIPS WOULD REMAIN MY MEDIUM AND LONG TERM STRATEGY AS I SEE NEW HIGHS EVENTUALLY..

BYCO HAS NOW ANNOUNCED THAT IT IS THE LARGEST REFINERY OF PAKISTAN BY FAR AND I AM EXPECTING IT TO START MOVING TO MORE HIGHER PRICES LIKE RS 27/30 IN JULY 2013. AS I SEE VOLUMES AND INTEREST IN BYCO IS FINALLY SPARKING SOME INTEREST AS I SEE BYCO COMING INTO PROFIT BY DECEMBER 2012 FINANCIALS 6 MONTHS IN ADVANCE. SO I STILL SAY BYCO HAS BEEN LAGGING THERE IS TREMENDOUS SCOPE FOR A BIG , BIG , BIG MOVE UP LIKE I SAID MY TARGETS ARE GIVEN BELOW. BESIDES AT LEAST 1 NEW IPO OF BYCO EXPECTED AT LEAST THIS YEAR THIS TIME IF NOT 2 IPO's AS 2 NEW COMPANIES FORMED RUNNING VERY VERY PROFITABLY.

I REPEAT BYCO NOW ALSO ENGRO ARE MY SPECIAL GOLDEN SHARES ALONG WITH KESC, QUICE THE JAHANGIR GROUP (JSCL, JSIL, BIPL, ANL, JS BANK, JS GLOBAL, JSVL, JS GROWTH ALSO HUM TV ) ALSO SHOULD NOW START ITS UPWARD JOURNEY AS WILL BYCO.. SOME PEOPLE HAVE BEEN SPREADING RUMORS AND THIS NEWS ITEM

APPEARS BEARISH AND PEOPLE (BIG GUNS) HAVE SOLD BYCO ....REMEMBER NOW BYCO IS THE LARGEST REFINERY IN PAKISTAN ALSO THEY HAVE OTHER THINGS THAT OTHER REFINERIES DO NOT HAVE. I AM WAITING FOR DECEMBER 2012 BALANCE SHEET... THAT WILL SHOW EVERYONE A CLEARER PICTURE IF IT IS IN A HEAVY LOSS OR NEAR BREAK EVEN (WHICH I THINK ITS NEAR BREAKEVEN)...

BYCO HAS UNDER PERFORMED AND IS LAGGING SO THERE IS A LOT OF SCOPE FOR IT TO GO MUCH MUCH HIGHER LIKE I SAID TO RS 27/RS 30 BY NOW JULY 2013.
FFC AND ENGRO ARE OTHER SHARES THAT ARE LAGGING.
BYCO NOW MAY TARGET STILL EXPECTED @ RS 17/20 BY JUNE/JULY END RS 35 BY END 2013
ENGRO TARGET OF RS 145/RS 155... ALREADY ACHIEVED ONCE NOW FRESH TARGET OF RS 155/RS 165 IN JULY 2013
FFC TARGET RS 130/RS 135... IS NOW EXPECTED IN JULY 2013

AS I MENTIONED BREAK EVEN FOR BYCO IS EXPECTED TO BE ANNOUNCED IN JUNE 2013 BUT I AM EXPECTING IT IN DECEMBER 2012 FINANCIALS/BALANCE SHEET (6 MONTHS BEFORE TIME) THUS AM EXPECTING IT AT RS 17/RS 20 AT LEAST MAYBE HIGHER WHEN ITS DECEMBER RESULTS BE ANNOUNCED .. IT SEEMS THAT DECEMBER 2012 BYCO WILL HAVE COME INTO PROFIT......WAITING FOR DECEMBER BALANCE SHEET DUE OUT IN JUNE 2013 ... I EXPECT THE PRICE TO BE RS 17/ RS 20 BY JUNE/JULY 2013 .

I STILL FEEL THAT BOTH ENGRO BYCO, HAVE BEEN UNDER PERFORMERS AND NOW I FEEL THAT THIS MONTH AND COMING MONTHS IT WILL BE NOW BOTH ENGRO BYCO'S TURN TO PERFORM AND ALSO ENGRO TO START PERFORMING AS MY OTHER SHARES OF QUICE , KESC , ATRL HAVE DONE..

I WILL CONTINUE TO BUY ATRL, BYCO, FFC, ENGRO, EPCL, CLARIANT PAK, NRL , PRL , JSCL , LUCKY, DGKC , ATTOCK CEMENT, NCL, NML, BIPL, ANL, PSO, POL, PPL , OGDC, MARI, NIB, BOP, MCB , NBP, HBL, ABL, ACIL, EFU, CYAN, PAKRI, APL , ICI , DAWH, AKZO , SITC , SPL AND NOW ALSO TREET ON DIPS. I AM LOOKING FOR LOWER LEVELS TO RE BUY OTHER SHARES AS WELL.. I HAVE ADDED SITARA CHEMICAL , CLARIANT PAK, SPL, ALSO TO MY PORTFOLIO AS SEE IT ALSO AS ATTRACTIVE...

MY FAVORITES REMAIN. ENGRO , FFC , ATRL , BYCO , KESC , SPL, JSCL , POL , PPL , NRL , SITC, LUCKY , DGKC, JSCL , ENGRO , NML, NCL , BIPL, EPCL , AZKO , NIB , BOP, MCB , ANL , EFOODS , ICI, AICL, EFU , . I HAVE ADDED TREET, ENGRO FOODS , ANL , BIPL , NIB TO MY PORTFOLIO. I HAVE ALSO ADDED ANL (AZGARD 9), SITC ,SPL, TREET , PTCL , BIPL , CLARIANT PAK, NIB, MARI, SSGC SNGP, TO MY PORTFOLIO AS SEE THEM MUCH HIGHER... .. 

ALTHOUGH I SEE HIGHER PRICES AND HIGHER INDEX I REPEAT A WORD OF CAUTION THE HIGHER WE GO IN THE INDEX AND PRICES THERE IS A POSSIBILITY OF BIGGER DIPS / CORRECTIONS LIKE WE HAVE SEEN...

I AGAIN REQUEST MY FRIENDS TO STAY WITHIN THEIR MEANS (BUY AND HOLD ONLY WHAT YOU CAN - NO LEVERAGE). I STILL THINK WE WILL SEE FURTHER NEW HIGHS THIS YEAR AND EVEN POSSIBLY 23,000/25,000 OR HIGHER BY END OF THE YEAR..... SO FAR MY MODEL HAS NOT CHANGED ANYTHING AND I DO NOT SEE A MAJOR CORRECTION AT THE MOMENT (MORE , I REPEAT MORE THAN 1,500 POINTS IS A MAJOR CORRECTION). A POINT I WANT TO MY FRIENDS READERS TO KNOW KEEP A LOOKOUT FOR SIGNS OF MAJOR SELL OFF WHICH I EXPECT FROM THE AMERICAN STOCK MARKET AND THIS SHOULD LEAD ALL OTHER MARKETS LOWER AND POSSIBLY SHARPLY LOWER.

I REPEAT -->> WHATEVER RALLY YOU SEE YOU SHOULD START THINKING ABOUT TAKING PROFITS -> BEWARE (TAKE PROFITS/GET OUT) OF THESE KATCHRA SHARES.. 
.. PIA , TRG , NETSOL, TELECARD , WATEEN , WORLDCALL , DEWAN GROUP , PACE , JAPAN POWER, TPL TRAKKER, I HAD TOLD EVERYONE TO GET OUT OF DFML @ RS 4.00 THANKFULLY...

NOW TIME TO BUY BIPL , ANL, JSCL , KESC , QUICE , BYCO , ATRL , PSO , PPL , POL , OGDC , PTCL, SNGP, SSGC , SPL , NRL , ENGRO , EFOODS, FFC, LUCKY , DGKC , MCB , HBL , NBP, ABL, UBL, MEEZAN , BOP , EFY , PAKRI, SITC , AKZO , ICI , TREET , AICL , CYAN , BOTH EFU'S , NCL , NML , CLARIANT , PICT , SIEMANS , BOTH UNILEVERS , ASKARI BANK , KAPCO , ALL PHARMA , NESTLE , NATF , MITCHELLS , MILLAT TRACTORS , AL GHAZI , HINOPAK , THAL , PACKAGES , DAWH , MARI , ALSO ADDING KOHINOOR MILLS AND COLGATE AND GADOON AND COLONY MILLS ETC ETC ..

REMEMBER MOST HAVE NOW PAID THEIR DIVIDENDS AND ARE TRADING EX DIVIDEND THUS MY TARGETS HAVE BEEN MET IN ALL EXCEPTING BYCO WHICH SHOULD START UPTREND ANY DAY..........

FFC@109-114.00 GREAT BUY AS MAINTAIN IT CAN GO TO RS 135 IN JULY 2013
ENGRO@132/137 GREAT BUY AS I MAINTAIN IT CAN GO TO RS 155/165 IN JULY 2013
ICI@172.00-177.00 GREAT BUY STILL MAINTAIN IT CAN GO TO RS 200 IN JULY 2013
ATRL @ 186-191 GREAT BUY STILL MAINTAIN IT CAN GO TO RS 235 IN JULY 2013
LUCKY @ 195-200 GREAT BUY AS I MAINTAIN IT CAN GO TO RS 210/220 IN JULY 2013
NML@ 96.00-101.00 GREAT BUY STILL MAINTAIN IT CAN GO TO RS 100 IN JULY 2013
NCL@ 60.00-65.00 GREAT BUY STILL MAINTAIN IT CAN GO TO RS 65 IN JULY 2013 EPCL@12.50-13.50 GREAT BUY STILL MAINTAIN IT CAN GO TO RS 15 IN JULY 2013
AKZO@ 62 - 67 GREAT BUY STILL MAINTAIN IT CAN GO TO RS 75 IN JULY 2013
DGKC@ 85 - 90 GREAT BUY STILL MAINTAIN IT CAN GO TO RS 85/95 IN JULY 2013
JSCL@12.50-13.50 GREAT BUY AS I THINK IT CAN GO TO RS 20-22 IN JULY 2013
POL @ 498-503 GREAT BUY AS THINK IT CAN GO TO RS 530 IN JULY 2013
PPL @ 210-215 GREAT BUY AS THINK IT CAN GO TO RS 225 IN JULY 2013
PSO @ 310-315 GREAT BUY AS THINK IT CAN GO TO RS 330/340 IN JULY 2013
NRL @ 235-240 GREAT BUY AS THINK IT CAN GO TO RS 255/265 IN JULY 2013
OGDC @ 230 - 240 GREAT BUY AS THINK IT CAN GO TO RS 255/265 IN JULY 2013
BIPL @ 6.50 - 7.50 GREAT BUY AS THINK IT CAN GO TO RS 12/13 IN JULY 2013
ANL @ 7.00 - 7.50 GREAT BUY AS THINK IT CAN GO TO RS 11/12 IN JULY 2013
NIB @ 2.20 - 2.60 GREAT BUY AS I THINK IT CAN GO TO RS 7/RS 9 IN 2 YEARS
EFOODS @ RS 140.00 - RS 145.00 GREAT BUY AS THINK IT CAN GO TO RS 150/152
BYCO @ 11.00 - 12.00 - GREAT BUY AS SEE IT AT RS 20 - 25 BY JULY 2013 RS 35/40 BY END 2013
KESC @ 6.50 - 7.00 GREAT BUY FOR INITIAL TARGET OF RS 8/RS 9 BY JULY 2013
QUICE @ 9.00 - 10.00 GREAT BUY FOR NOW NEW LOWER TARGET OF RS 12/RS 13 BY JUNE 2013 AND AS SATTA ITEM MIGHT EVEN TEST RS 17/ RS 20 BY JULY 2013.
MCB @ 280 - 285 GREAT BUY AS THINK IT CAN GO TO RS 320/330 BY JULY 2013
NBP @ 40 - 43 GREAT BUY AS THINK IT CAN GO TO RS 65 BY JULY 2013
HBL @ 110 - 115 GREAT BUY AS THINK IT CAN GO TO RS 120 / 125 BY JULY 2013
AICL @ 80 - 85 GREAT BUY AS THINK IT CAN GO TO RS 100 BY JULY 2013
PAKRI @ 23 - 24 GREAT BUY AS THINK IT CAN GO TO RS 27 BY JULY 2013
SITC @ 195.00 - 200.00 GREAT BUY AS THINK IT CAN GO TO RS 225 - RS 235 BY JULY 2013
SPL @ 12.75 - 13.75 GREAT BUY AS THINK IT CAN GO TO RS 17 / 19 BY JULY 2013
TREET @ 65 - 70 GREAT BUY AS I THINK IT CAN GO BACK TO RS 85 - 90 BY JULY 2013
BYCO, KESC , ENGRO , ATRL QUICE ARE MY GOLDEN LONG TERM PORTFOLIO AS I SEE THEM REALLY HIGH
INSHA ALLAH WE WILL SEE -> BYCO TARGET RS 70 BY 2014 AND KESC TARGET RS 17-18 MAYBE EVEN Rs 20 BY 2015