STOCK MARKET with SHEHERYAR BUTT
STOCK MARKET with SHEHERYAR BUTT
June 19, 2025 at 06:19 AM
BUY recommendations for four listed Pakistani companies. Here's a concise summary for each: 1. Oil & Gas Development Co. Ltd (OGDC) Strategy: Buy Last Close: Rs 211.2 Target: Rs 219.0 Stoploss: Rs 206.5 PIVOT: Rs 211.98 Support Levels: S1: 209.12 | S2: 206.47 Resistance Levels: R1: 214.30 | R2: 216.81 Rationale: Positive on energy reforms under IMF, Reko Diq progress, and gas discoveries. 2. Sui Southern Gas Co. Ltd (SSGC) Strategy: Buy Last Close: Rs 44.2 Target: Rs 50.4 Stoploss: Rs 41.5 PIVOT: Rs 44.62 Support Levels: S1: 43.01 | S2: 41.87 Resistance Levels: R1: 45.60 | R2: 46.61 Rationale: Expected strong quarterly earnings, circular debt settlement, and gas price hikes. 3. DG Khan Cement Co. Ltd (DGKC) Strategy: Buy Last Close: Rs 156.4 Target: Rs 169.8 Stoploss: Rs 150.7 PIVOT: Rs 157.80 Support Levels: S1: 153.83 | S2: 150.59 Resistance Levels: R1: 159.75 | R2: 162.09 Rationale: Budget FY26 construction incentives, cement price recovery, and lower interest rates. 4. Fauji Fertilizer Co. Ltd (FFC) Strategy: Buy Last Close: Rs 374.6 Target: Rs 382.4 Stoploss: Rs 370.1 PIVOT: Rs 375.52 Support Levels: S1: 372.41 | S2: 370.53 Resistance Levels: R1: 377.16 | R2: 380.55 Rationale: Attractive dividend, merger potential, and interest in acquiring PIA.
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