AKD Securities Limited Equity Research – Trigger Shark

Karachi, December 22, 2014 (PPI-OT): Minor Relief

Short‐Term: Last two candles on falling volume depict diminishing selling pressure at support around
30,480 level. This can allow an upwards relief towards 31,346 level. On the downside, slippage below
30,756 level would expose pressure towards 30,480 level. Short‐term theme remains restrictive below
31,755 level with the daily momentum readings breaching the bull market support.

General Outlook: Reaction from the upper line of an expanding triangle coinciding with the 150% re‐
tracement of Wave C at 32,284 level suggests that AKD Securities Limited’s earlier count is still valid. Moreover, the KSE 30‐Index is still off from its July’14 high of 21,335 Level –failing to confirm the KSE 100-Index rally.

A break below 30,518 – 30,340 levels would confirm that market is still in a broad consolidation phase with final leg down (wave E) on cards towards 28,179 – 27,000 levels. On the upside, a break above 31,755 – 32,284 levels is required to set continuation of primary bull trend towards 33,800 level. Preferred
investment plays on dips include SNGP, KTML, NML, NBP, BOP, AICL, CSAP, PKGP, PTC, EFERT, PSO, DGKC, MLCF, TREET and KEL.

13‐day Leaders: SHEZ, BOP, SNGP, KOHC, DGKC, JLICL, KTML, ACPL, TRG and MLCF

13‐day Laggards: MARI, GARYS, ABOT, ICI, POL, NML, NCL, PAKT, EFUG and UBL

Short
21 day Avg. 14 day 52 Week 52 Week 55 Day 55 Day General Trading
Scrip Close % Chg 21 MA 34 MA 55MA 144 MA 233 MA Term Trading Stance S3 S2 S1 PIVOT R1 R2 R3
Volume RSI High Low High Low Profile Stop
Trend
OGDC 204.61 1.68
1,056,233
33.38 215.84 222.08 228.80 244.60 249.47 282.74 197.00 257.55 197.00 Bearish Negative Sell 215.23 191.99 195.07 199.84 202.92 207.69 210.77 215.54
POL 370.11 (0.07)
493,374
22.59 421.51 445.72 468.73 507.86 501.24 570.49 360.99 538.00 360.99 Bearish Negative Sell 423.00 362.76 365.38 367.75 370.37 372.74 375.36 377.73
PPL 177.38 0.69
2,222,853
34.74 185.89 193.26 200.03 209.77 211.92 240.52 170.00 219.50 170.00 Bearish Negative Sell 186.85 171.09 172.59 174.99 176.49 178.89 180.39 182.79
PSO 360.59 0.19
1,640,719
50.88 360.67 357.44 352.47 371.12 365.38 451.99 290.10 382.99 322.10 Bullish Positive Awaiting a Signal 362.25 350.48 354.26 357.43 361.21 364.38 368.16 371.33
ATRL 187.33 (0.79)
356,081
39.48 191.88 192.88 199.58 203.50 208.82 242.05 173.80 225.60 184.70 Bearish Negative Sell 192.60 183.11 184.56 185.94 187.39 188.77 190.22 191.60
APL 519.28 1.76
37,867
40.22 535.76 547.89 544.03 547.06 527.53 582.00 448.62 582.00 502.13 Bearish Negative Sell 533.57 476.40 489.27 504.27 517.14 532.14 545.01 560.01
NRL 192.81 -
96,238
51.18 192.12 190.64 193.66 201.92 207.42 249.00 174.11 218.40 180.00 Bearish Positive Awaiting a Signal 193.98 190.21 191.10 191.96 192.85 193.71 194.60 195.46
MARI 511.40 5.00
1,012,419
35.17 626.64 626.36 575.55 449.95 364.98 802.53 187.52 802.53 405.00 Bearish Negative Sell 600.50 452.40 464.20 487.80 499.60 523.20 535.00 558.60
BYCO 9.28 (0.54)
2,626,667
36.57 9.86 9.93 9.97 10.62 10.63 13.35 8.59 10.68 9.25 Bearish Neutral Awaiting a Signal 9.97 9.04 9.15 9.21 9.32 9.38 9.49 9.55
MCB 280.61 (0.11)
395,162
37.12 290.43 286.99 284.74 285.38 272.35 304.00 223.77 303.00 273.01 Neutral Neutral Neutral 290.75 270.57 274.54 277.57 281.54 284.57 288.54 291.57
NBP 65.15 0.31
3,623,810
55.23 64.79 63.58 62.32 60.78 58.88 69.20 47.80 69.20 57.52 Bullish Positive Awaiting a Signal 65.40 64.15 64.59 64.87 65.31 65.59 66.03 66.31
HBL 215.13 1.95
375,095
65.59 207.37 209.57 208.71 194.99 181.34 219.00 133.50 219.00 196.75 Bullish Neutral Awaiting a Signal 209.55 203.09 207.04 211.09 215.04 219.09 223.04 227.09
UBL 163.09 0.73
1,186,691
26.41 173.93 179.20 181.87 176.66 163.76 197.00 116.60 195.30 161.00 Bearish Neutral Awaiting a Signal 172.00 155.96 158.56 160.82 163.42 165.68 168.28 170.54
BAFL 30.64 0.92
3,617,595
48.89 30.93 30.95 30.23 28.82 27.95 33.01 24.02 33.01 28.00 Bullish Positive Awaiting a Signal 31.34 29.15 29.73 30.18 30.76 31.21 31.79 32.24
AKBL 21.89 (0.50)
1,165,857
41.62 22.25 22.40 22.29 20.74 19.02 23.38 13.33 23.38 20.95 Neutral Neutral Neutral 22.38 21.60 21.68 21.78 21.86 21.96 22.04 22.14
ABL 112.92 0.43
502,995
46.42 113.62 115.48 116.78 118.85 109.62 138.00 74.66 124.99 108.00 Bearish Negative Sell 114.72 111.05 111.53 112.23 112.71 113.41 113.89 114.59
BOP 9.88 (1.00)
12,259,952
66.60 9.08 8.98 8.73 8.69 9.53 12.74 7.00 10.40 7.50 Bullish Positive Buy 9.22 9.48 9.63 9.75 9.90 10.02 10.17 10.29
MEBL 47.00 -
522,405
44.21 48.39 49.28 46.93 43.21 41.45 53.70 36.15 53.70 40.40 Neutral Negative Neutral 49.03 44.03 45.03 46.01 47.01 47.99 48.99 49.97
BIPL 9.95 (1.39)
140,190
43.35 10.21 10.32 10.14 10.05 9.88 12.00 6.85 11.10 9.30 Bearish Positive Awaiting a Signal 10.35 9.53 9.72 9.83 10.02 10.13 10.32 10.43
FFC 116.60 0.30
823,924
47.89 117.61 116.64 114.56 109.09 105.99 122.17 96.26 122.17 108.50 Bullish Positive Awaiting a Signal 118.19 115.07 115.53 116.07 116.53 117.07 117.53 118.07
FFBL 43.10 0.47
2,406,095
52.10 43.14 42.64 41.94 40.01 40.07 45.09 35.95 45.09 39.71 Bullish Positive Awaiting a Signal 43.42 41.97 42.33 42.72 43.08 43.47 43.83 44.22
ENGRO 212.49 (0.13)
4,448,991
54.62 214.80 203.88 189.25 183.78 183.74 232.00 145.63 232.00 159.07 Bullish Positive Awaiting a Signal 214.81 207.29 208.90 210.69 212.30 214.09 215.70 217.49
FATIMA 32.80 0.18
2,318,500
62.57 32.14 31.81 30.96 29.36 29.03 33.50 25.35 33.50 26.11 Bullish Positive Buy 32.25 32.05 32.27 32.54 32.76 33.03 33.25 33.52
DAWH 82.02 (0.57)
202,286
47.91 83.80 82.15 79.55 73.12 75.55 95.00 54.51 90.40 68.75 Bullish Positive Awaiting a Signal 83.70 80.01 81.01 81.51 82.51 83.01 84.01 84.51
DGKC 109.06 (0.25)
7,295,548
73.03 98.71 94.30 87.86 83.33 84.86 111.85 66.07 111.85 74.62 Bullish Positive Buy 99.43 104.66 106.15 107.61 109.10 110.56 112.05 113.51
LUCK 485.12 1.81
999,552
55.69 480.79 470.23 443.64 403.96 372.29 520.50 271.12 520.50 386.15 Bullish Neutral Awaiting a Signal 489.70 461.75 467.37 476.25 481.87 490.75 496.37 505.25
ACPL 198.55 1.79
316,600
69.38 183.77 179.79 177.59 170.11 159.28 201.00 123.00 201.00 163.40 Bullish Positive Buy 182.20 185.62 189.18 193.87 197.43 202.12 205.68 210.37
FCCL 24.29 1.42
5,462,619
60.44 23.55 23.10 22.19 20.10 18.44 25.00 12.40 25.00 19.08 Bullish Positive Buy 23.27 23.27 23.52 23.90 24.15 24.53 24.78 25.16
LPCL 17.30 (0.12)
5,845,024
63.95 16.70 16.43 16.45 15.84 14.31 17.52 8.05 17.52 15.52 Bullish Positive Buy 16.81 16.82 16.99 17.14 17.31 17.46 17.63 17.78
DCL 7.95 0.51
3,299,000
56.03 7.72 7.62 7.41 7.10 7.51 10.04 5.49 8.49 6.26 Bullish Positive Buy 7.70 7.57 7.68 7.82 7.93 8.07 8.18 8.32
MLCF 41.83 0.84

10,923,214 70.01 38.52 36.14 33.24 30.92 30.31 43.55 24.31 43.55 26.50 Bullish Positive Buy 38.02 39.92 40.41 41.12 41.61 42.32 42.81 43.52
SSGC 38.23 1.81
3,621,786
64.83 36.49 34.15 31.66 31.74 30.47 39.68 23.80 39.68 26.45 Bullish Positive Buy 36.65 36.73 37.09 37.66 38.02 38.59 38.95 39.52
SNGP 28.81 1.02
4,085,691
74.58 26.07 24.15 22.94 22.25 22.13 29.51 18.50 29.51 19.95 Bullish Positive Buy 26.00 27.74 28.13 28.47 28.86 29.20 29.59 29.93
HUBC 75.03 2.14
1,570,238
60.63 73.16 71.68 69.07 61.81 58.29 76.00 47.02 76.00 61.51 Bullish Positive Buy 72.34 70.20 71.36 73.19 74.35 76.18 77.34 79.17
KAPCO 76.93 2.44
421,952
68.61 74.24 72.52 69.48 64.45 62.68 78.00 53.15 78.00 62.00 Bullish Positive Buy 73.63 72.59 73.84 75.39 76.64 78.19 79.44 80.99
KEL 8.74 1.04
12,281,643
62.97 8.15 7.96 7.88 7.91 7.38 9.25 5.50 9.15 7.15 Bullish Positive Buy 8.16 8.37 8.53 8.63 8.79 8.89 9.05 9.15
AICL 49.31 0.10
3,720,738
52.31 49.11 48.59 47.63 46.73 44.96 53.55 34.11 53.55 44.90 Bullish Positive Awaiting a Signal 50.08 48.61 48.80 49.06 49.25 49.51 49.70 49.96
NML 118.10 (1.39)
2,191,581
40.15 125.88 122.83 120.78 113.27 116.65 138.40 92.80 138.40 109.51 Bullish Positive Awaiting a Signal 126.85 112.60 115.10 116.60 119.10 120.60 123.10 124.60
JSCL 14.30 (0.83)

12,030,262 50.42 15.08 14.27 12.60 11.11 11.30 17.20 7.50 17.20 9.40 Bullish Negative Weak Sell 15.67 13.82 14.03 14.17 14.38 14.52 14.73 14.87
AHCL 23.27 1.70
259,619
48.63 23.27 23.33 23.66 25.75 25.86 32.09 22.00 26.30 22.15 Bearish Neutral Awaiting a Signal 23.49 22.33 22.60 22.94 23.21 23.55 23.82 24.16
ANL 5.93 (0.50)
2,755,572
50.13 5.99 5.88 5.58 5.64 6.45 10.65 4.44 6.63 4.91 Bullish Positive Awaiting a Signal 6.07 5.60 5.72 5.83 5.95 6.06 6.18 6.29
PTC 21.73 0.42
2,678,714
45.50 22.14 21.78 22.08 24.14 25.57 31.50 20.64 24.50 20.64 Neutral Positive Neutral 22.44 21.25 21.42 21.57 21.74 21.89 22.06 22.21
TELE 3.40 1.19
1,556,143
47.39 3.43 3.43 3.55 3.80 4.34 5.99 2.81 4.41 3.20 Bearish Neutral Awaiting a Signal 3.47 3.08 3.19 3.30 3.41 3.52 3.63 3.74
WTL 1.78 8.54
1,764,548
64.09 1.64 1.65 1.71 1.92 2.17 3.11 1.51 1.98 1.51 Neutral Positive Neutral 1.73 1.39 1.53 1.66 1.80 1.93 2.07 2.20
LOTCHEM 6.85 (0.72)
1,502,619
45.02 6.94 6.95 6.94 7.06 7.10 8.40 6.15 7.49 6.62 Bearish Positive Awaiting a Signal 7.06 6.59 6.68 6.76 6.85 6.93 7.02 7.10

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