Potentially profitable KSE stocks for early morning purchase on Monday (August 19, 2013)

Karachi Stock Exchange (KSE)I did some research and found some potentially profitable stocks for daytrading in Karachi Stock Exchange (KSE) early on Monday.

Following list of 11 stocks has the potential of showing bullish trend on Monday but it is important to purchase the shares early in the start of working.

ICI Pakistan (ICI)

It showed bullish trend during the last two working days i.e. August 15th and 16th. Its average price on Friday was 179.16.

Shell Pakistan Ltd. (SHEL)

It showed bullish trend on August 16th. Its average price on Friday was 163.38 per share.

Ferozsons (Lab) (FEROZ)

It showed bullish trend on August 16th. Its average price on Friday was 134.42 per share.

Mehmood Tex (MEHT)

It is showing bullish trend since the last few days i.e. from August 6th to 16th. Its average price on Friday was 125.13 per share.

Pak Datacom (PAKD)

It is showing bullish trend since the last few days i.e. from August 13th to 16th. MACD indicator for this stock on Friday (August 16th) is also showing positive signals. It got highest trading volume in six months on Friday. Its average price on Friday was 88.20 per share.

Akzo Nobel Pak. (AKZO)

It is showing bullish trend since the last few days i.e. since August 7th. Its average price on Friday was 80.90 per share.

Cyan Limited (CYAN)

It is showing bullish trend since the last few days i.e. since August 7th. Its average price on Friday was 76.25 per share.

Leather Up Ltd. (LEUL)

It showed bullish trend during the last two working days i.e. August 15th and 16th. Its average price on Friday was 6.12 per share.

BullishJohnson & Philips (JOPP)

It is showing bullish trend since August 6th. Its average price on Friday was 14.15 per share.

Noon Sugar (NONS)

It is showing bullish trend since August 5th. Its average price on Friday was 27.88 per share.

Data Agro (DAAG)

It is showing bullish trend since the start of this month. However, it can show less worth than the above mentioned stocks but it could have more potential of profit than the other stocks. Its average price on Friday was 8.50 per share.

Among this list AKZO showed maximum turnover of 792,500 with SHEL and ICI on 2nd and 3rd number with turnover of 516,900 and 244,000 respectively. Lowest turnover was found in MEHT that was 8,300.

ICI has the highest average price of 179.16 on Friday in this list with SHEL and FEROZ at 2nd and 3rd number with 163.38 and 134.42 respectively.

Remember, it is only through analysis and is not giving 100% surety of profit. Any loss, you suffer will not be caused by me. Moreover, this analysis is not covering the shares of bank and insurance companies.

Usman Zafar Paracha

Usman Zafar Paracha is Assistant Professor, Pharmaceutics, in Hajvery University, Lahore, Pakistan.