Pakistan Stock Exchange (PSX) Weekly Analysis 19 January, 2019

BUY recommendations are:  ABL, ACPL, AKBL, APL, ASTL, BAFL, BOP, CHCC, DGKC, ENGRO, EFERT, FATIMA, FFBL, FFC, GWLC, HASCOL, HBL, HUBCO, INDU, KAPCO, KOHC, LOTCHEM, LUCK, MARI, MCB, MLCF, MTL, NBP, NCL, NCPL, NML, NPL, OGDC, PIOC, POL, PPL, PSMC, PSO, SNGP and UBL.

Top gainers of last week were: PPL, PSMC, NCL, EFOODS, FFC, ENGRO, OGDC, HCAR, FFBL, PAKT, and TRG.

Top losers of last week were: APL, PIOC, MARI, POL, CHCC, BAHL, DOL, SEARL, MTL, and DGKC.

Top Volume Leaders of last week:  KEL, PAEL, BOP, TRG, and LOTCHEM.

The Pakistan Stock Exchange (PSX) market index closed in the green this week, for the third consecutive week. KSE-100 index closed on 39,307 by gaining 258 points or 0.66 %, while KSE-30 index closed on 18,757 by gaining 142 points or 0.76 %.

According to experts of http://www.karachistockexchange.org, following news have played vital role in Karachi Stock Market index movement:


  • The visit of Abu Dhabi Crown Prince put stamp on a US$6bn package for Pakistan including a US$3bn deferred oil facility which caused an adrenaline rush as the market increased
  • Upward movement in oil, WTI increased by ~8.7% during the week, provided support to the oil stocks
  • The PTI-led government deciding to slap additional taxes for the purpose of achieving import compression and enhance revenue base
  • Government notifying ban on import of furnace oil asking refineries to enter into contracts with IPPs for furnace oil sales
  • Trading volumes for the week increased by 29.7%WoW as market activity was led by Mutual funds (net buy US$6.72mn) where insurance companies continued to offload their equity portfolio (net sell US$3.12mn)
  • The government is planning to introduce a mini-budget in a bid to meet the revenue requirement likely to be announced in the latter part of next week
  • The average daily traded volumes for the week were 140mn, up 18% WoW and average daily traded value for the week was US$46mn, up 12% WoW
  • Millat Tractors Ltd (MTL) in a notice to the exchange announced it has extended its current plant shutdown for another week. Production shall resume from Monday, 21 January 2019
  • The Drug Regulatory Authority of Pakistan (DRAP), with the approval of the federal government, announced up to 15% hike in the prices of medicines, apart from life-saving drugs
  • Moody’s said Pakistan’s ability to refinance its foreign debt and fund its growing deficits is at stake given low foreign exchange reserves and gross borrowing requirements
  • Remittances from overseas Pakistanis jumped 10% to US$10.72bn during the first six months of this fiscal year as compared to US$9.744bn in same period last year, reported the State Bank of Pakistan
  • Gas supplies to industrial, fertilizer and power sectors was restored after the Sui Northern Gas Pipelines Limited teams repaired damaged portion of the 36 inch diameter pipeline at Bhong, near Sadiqabad (Rahim Yar Khan), about 650km away
  • More than RS9bn have so far been collected for construction of dams with 13% being foreign currency component having been transmitted by overseas Pakistanis


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 108.0
Target Price: PKR 118.5

Attock Cement Ltd. (ACPL) – BUY 
Current Price: PKR 111.6
Target Price: PKR 140.6

Askari Bank (AKBL) – BUY 
Current Price: PKR 23.7
Target Price: PKR 28.4

Attock Petroleum (APL) – BUY 
Current Price: PKR 4 35.8
Target Price: PKR 479.57

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 48.31
Target Price: PKR 80.0

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 47.4
Target Price: PKR  60.1

Bank of Punjab (BOP) – BUY 
Current Price: PKR 12.8
Target Price: PKR 18.3

Cherat Cement Co. Ltd. (CHCC) – BUY 
Current Price: PKR 68.83
Target Price: PKR 96

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 82.11
Target Price: PKR 105.00

Engro Corporation (ENGRO) – BUY 
Current Price: PKR 327.81
Target Price: PKR 348.84

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 74.9
Target Price: PKR 91.0

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 34.88
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 42.86
Target Price: PKR 43.5

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 104.99
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 16.58
Target Price: PKR 25

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 153.18
Target Price: PKR 234.57

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 134.1
Target Price: PKR 143.25

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 89.34
Target Price: PKR 136.9

Indus Motors (INDU) – BUY 
Current Price: PKR 1,189.80
Target Price: PKR 1,426.6

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 49.0
Target Price: PKR 64

Kohat Cement Company (KOHC) – BUY 
Current Price: PKR 84.3
Target Price: PKR 111

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 16.9
Target Price: PKR 25.3

Lucky Cement (LUCK) – BUY 
Current Price: PKR 463.44
Target Price: PKR 605.8

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR   1,325.1
Target Price: PKR  1,983.6

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   195.79
Target Price: PKR 224.73

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 43.24
Target Price: PKR 56.6

Millat Tractors Limited (MTL) – BUY 
Current Price: PKR 751.8
Target Price: PKR  1,017

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 46.27
Target Price: PKR 66.51

Nishat Chunian Limited (NCL) – BUY 
Current Price: PKR 54.8
Target Price: PKR 67.7

Nishat Chunian Power Limited (NCPL) – BUY 
Current Price: PKR 22.0
Target Price: PKR 27.8

Nishat Mills (NML) – BUY 
Current Price: PKR 138.3
Target Price: PKR 158

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 25.9
Target Price: PKR 32.5

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 145.15
Target Price: PKR 190

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 44.21
Target Price: PKR 60

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 468.6
Target Price: PKR 593.0

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 178.05
Target Price: PKR 208

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 198.43
Target Price: PKR 244.87

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 235.16
Target Price: PKR 298.00

Sui Northern Gas Pipeline (SNGP) – BUY 
Current Price: PKR 84.31
Target Price: PKR 96.2

United Bank Limited (UBL) – BUY 
Current Price: PKR 139.28
Target Price: PKR 154.60

Thank you very much for reading this article.

NOTE: The information posted in this blog /forum (http://www.karachistockexchange.org/) is based on current affairs & investors point of view. There may be discrepancy in the ground realities. The information given in this blog /forum (http://www.karachistockexchange.org/) is as of the date of this post and there can be no assurance that future results or events will be consistent with this information. This post is provided for assistance only and is not intended to be and must not alone be taken as the basis for any investment decision. The user assumes the entire risk of any use made of this information. Each viewer of this post should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this post (including the merits and risks involved), and should consult his or her own advisors to determine the merits and risks of such investment. This blog /forum (http://www.karachistockexchange.org/)  or any of its affiliates shall not be in any way responsible for any loss or damage that may be arise to any person from any inadvertent error in the information contained in this post.

Written by: Rana Khuram

Pakistan Stock Exchange (PSX) Weekly Analysis 12 January, 2019

BUY recommendations are:  ABL, ACPL, AKBL, APL, ASTL, BAFL, BOP, CHCC, DGKC, ENGRO, EFERT, FATIMA, FFBL, FFC, GWLC, HASCOL, HBL, HCAR, HUBCO, INDU, KAPCO, KOHC, LOTCHEM, LUCK, MARI, MCB, MLCF, MTL, NBP, NCL, NCPL, NML, NPL, OGDC, PIOC, POL, PPL, PSMC, PSO, SNGP and UBL.

Top gainers of last week were: PPL, POL, FFBL, GWLC, FFC, HBL, and OGDC.

Top losers of last week were: KAPCO, PAKT, PSEL, COLG, HMB, KAPCO, CHCC, APL, PIOC, and PTC.

Top Volume Leaders of last week:  KEL, PAEL, TRG, SSGC, and BOP.

The Pakistan Stock Exchange (PSX) market index propelled during the week because of visit of Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al-Nahyan, report released by Fitch stating that SBP can keep rates at 10% for the rest of FY19, and FATF showing satisfaction over the steps taken by Pakistan to avoid black-list which proved to be a breath of fresh air against the negative developments over the issue in last 6-8 months. KSE-100 index closed on 39,049 by gaining 1502 points or 4.00 %, while KSE-30 index closed on 18,615 by gaining 1020 points or 5.80 %.

According to experts of http://www.karachistockexchange.org, following news have played vital role in Karachi Stock Market index movement:


  • The visit of Abu Dhabi Crown Prince put stamp on a US$6bn package for Pakistan including a US$3bn deferred oil facility which caused an adrenaline rush as the market increased
  • Upward movement in oil, WTI increased by ~8.7% during the week, provided support to the oil stocks
  • The PTI-led government deciding to slap additional taxes for the purpose of achieving import compression and enhance revenue base
  • Government notifying ban on import of furnace oil asking refineries to enter into contracts with IPPs for furnace oil sales
  • Trading volumes for the week increased by 29.7%WoW as market activity was led by Mutual funds (net buy US$6.72mn) where insurance companies continued to offload their equity portfolio (net sell US$3.12mn)
  • The government is planning to introduce a mini-budget in a bid to meet the revenue requirement likely to be announced in the latter part of next week
  • The average daily traded volumes for the week were 140mn, up 18% WoW and average daily traded value for the week was US$46mn, up 12% WoW
  • Millat Tractors Ltd (MTL) in a notice to the exchange announced it has extended its current plant shutdown for another week. Production shall resume from Monday, 21 January 2019
  • The Drug Regulatory Authority of Pakistan (DRAP), with the approval of the federal government, announced up to 15% hike in the prices of medicines, apart from life-saving drugs
  • Moody’s said Pakistan’s ability to refinance its foreign debt and fund its growing deficits is at stake given low foreign exchange reserves and gross borrowing requirements
  • Remittances from overseas Pakistanis jumped 10% to US$10.72bn during the first six months of this fiscal year as compared to US$9.744bn in same period last year, reported the State Bank of Pakistan
  • Gas supplies to industrial, fertilizer and power sectors was restored after the Sui Northern Gas Pipelines Limited teams repaired damaged portion of the 36 inch diameter pipeline at Bhong, near Sadiqabad (Rahim Yar Khan), about 650km away
  • More than RS9bn have so far been collected for construction of dams with 13% being foreign currency component having been transmitted by overseas Pakistanis


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 109.1
Target Price: PKR 118.5

Attock Cement Ltd. (ACPL) – BUY 
Current Price: PKR 108.2
Target Price: PKR 140.6

Askari Bank (AKBL) – BUY 
Current Price: PKR 2 3.7
Target Price: PKR 28.4

Attock Petroleum (APL) – BUY 
Current Price: PKR 445.0
Target Price: PKR 479.57

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 49.08
Target Price: PKR 80.0

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 4 7.4
Target Price: PKR  60.1

Bank of Punjab (BOP) – BUY 
Current Price: PKR 1 2.6
Target Price: PKR 18.3

Cherat Cement Co. Ltd. (CHCC) – BUY 
Current Price: PKR 71.74
Target Price: PKR 96

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 83.89
Target Price: PKR 105.00

Engro Corporation (ENGRO) – BUY 
Current Price: PKR 321.3
Target Price: PKR 348.84

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 7 5.7
Target Price: PKR 91.0

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 34.70
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 3 9.8
Target Price: PKR 43.5

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 101.1
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 16.83
Target Price: PKR 25

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 150.27
Target Price: PKR 234.57

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 132.9
Target Price: PKR 143.25

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 176.6
Target Price: PKR 206

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 88.79
Target Price: PKR 136.9

Indus Motors (INDU) – BUY 
Current Price: PKR 1,197.47
Target Price: PKR 1,426.6

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 4 8.2
Target Price: PKR 64

Kohat Cement Company (KOHC) – BUY 
Current Price: PKR 8 4.9
Target Price: PKR 111

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 1 7.6
Target Price: PKR 25.3

Lucky Cement (LUCK) – BUY 
Current Price: PKR 458.65
Target Price: PKR 605.8

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR   1 ,362.6
Target Price: PKR  1,983.6

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   194.6
Target Price: PKR 224.73

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 44.13
Target Price: PKR 56.6

Millat Tractors Limited (MTL) – BUY 
Current Price: PKR 795.1
Target Price: PKR  1,017

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 44.99
Target Price: PKR 66.51

Nishat Chunian Limited (NCL) – BUY 
Current Price: PKR 5 1.6
Target Price: PKR 67.7

Nishat Chunian Power Limited (NCPL) – BUY 
Current Price: PKR 2 2.5
Target Price: PKR 27.8

Nishat Mills (NML) – BUY 
Current Price: PKR 137.34
Target Price: PKR 158

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 2 5.7
Target Price: PKR 32.5

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 142.40
Target Price: PKR 190

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 45.32
Target Price: PKR 60

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 482.2
Target Price: PKR 593.0

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 171.88
Target Price: PKR 208

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 186.41
Target Price: PKR 244.87

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 235.4
Target Price: PKR 298.00

Sui Northern Gas Pipeline (SNGP) – BUY 
Current Price: PKR 8 4.1
Target Price: PKR 96.2

United Bank Limited (UBL) – BUY 
Current Price: PKR 137.9
Target Price: PKR 154.60

Thank you very much for reading this article.

NOTE: The information posted in this blog /forum (http://www.karachistockexchange.org/) is based on current affairs & investors point of view. There may be discrepancy in the ground realities. The information given in this blog /forum (http://www.karachistockexchange.org/) is as of the date of this post and there can be no assurance that future results or events will be consistent with this information. This post is provided for assistance only and is not intended to be and must not alone be taken as the basis for any investment decision. The user assumes the entire risk of any use made of this information. Each viewer of this post should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this post (including the merits and risks involved), and should consult his or her own advisors to determine the merits and risks of such investment. This blog /forum (http://www.karachistockexchange.org/)  or any of its affiliates shall not be in any way responsible for any loss or damage that may be arise to any person from any inadvertent error in the information contained in this post.

Written by: Rana Khuram

Pakistan Stock Exchange (PSX) Weekly Analysis 6 January, 2019

BUY recommendations are:  ABL, ACPL, AKBL, APL, ASTL, BAFL, BOP, CHCC, DGKC, ENGRO, EFERT, FATIMA, FFBL, FFC, GWLC, HASCOL, HBL, HCAR, HUBCO, INDU, KAPCO, KOHC, LOTCHEM, LUCK, MARI, MCB, MLCF, MTL, NBP, NCL, NML, OGDC, PAEL, PIOC, POL, PPL, PSMC, PSO, SNGP, and UBL.

Top gainers of last week were: BAFL, BAHL, CHCC, ENGRO, PIOC, POL, and HBL.

Top losers of last week were: MTL, NESTLE, LUCK, ATRL, DAWH, FATIMA, HASCOL, EFOODS, FFBL, and NCL.
.
Top Volume Leaders of last week:  TRG, PAEL, KEL, SILK, and BOP.

The Pakistan Stock Exchange (PSX) market index had a turbulent first week of the new year, with the wild intra-day moves. KSE-100 index closed on 37,547 by gaining 380 points or 1.02 %, while KSE-30 index closed on 17,595 by gaining 321 points or 1.86 %.

According to experts of http://www.karachistockexchange.org, following news have played vital role in Karachi Stock Market index movement:


  • Trading activity remained largely subdued with average daily trading volumes further declining to 106.95mn shares, down 3.1%WoW
  • Sector‐wise Commercial Banks, Oil & Gas Exploration Companies and Fertilizer were the best performing sectors as they added 471 points, cumulatively
  • Finance Minister Asad Umer hinting towards another fiscal adjustment, with likely announcement of mini-budget in mid Jan’19
  • The government officials reportedly announcing that the Chinese government agreed to lend US$2bn to Pakistan for helping it boost dwindling foreign exchange reserves
  • Markedly below consensus expectations, monthly inflation reading for Dec’18 clocking in at 6.17%YoY compared to 6.5%YoY in Nov’18 and 4.57%YoY in Dec’17
  • US President Donald Trump hinting towards a better relationship with Pakistan, eyeing meet-up with Pakistani leadership
  • FX reserves held by central bank further dwindling US$170mn to reach at US$7.28bn during the week ended Dec 28’18
  • Foreigners remained net sellers, offloading US$0.51mn worth of equities, compared to US$1.1mn outflow in the previous week
  • Ongoing graft hearings in the apex court against the main opposition leaders could lead to limited investors’ participation
  • Reserves held by the State Bank of Pakistan decreased by US$170mn to US$7.29bn on account of external debt servicing and other official payments during the week ended on Dec 28
  • The government has jacked up the price of indigenous liquefied petroleum gas (LPG) by Rs2/kg or Rs22.92/11.8kg for the month of January 2019, which translates into an increase of 1.71% over the previous month
  • Pakistan LNG is seeking five liquefied natural gas (LNG) cargoes for delivery over March to April, a tender document showed
  • A consistent fall in cotton cultivation area for the last seven years has eventually reduced crop production to little over 10 million bales this year from the bumper crop of 15m bales in 2011‐12
  • Opec oil supply fell in December by the largest amount in almost two years, as top exporter Saudi Arabia made an early start to a supply‐limiting accord while Iran and Libya posted involuntary declines
  • Foreign exchange firms provided US$13bn to the government through commercial banks over the last nine years to stabilize the currency market, an official said
  • Prime Minister Imran Khan met with a delegation of the Turkey‐Pakistan Business Council of the Foreign Economic Relations Board of Turkey
  • Gold prices scaled a more than six‐month peak as fears of a global economic slowdown embellished safe‐haven demand for bullion, with a weaker dollar adding further support
  • Prime Minister Imran Khan invited Turkish businessmen and investors to invest in various fields and industries in Pakistan, including construction, tourism and exploration of natural resources


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 107
Target Price: PKR 118.5

Attock Cement Ltd. (ACPL) – BUY 
Current Price: PKR 106.11
Target Price: PKR 140.6

Askari Bank (AKBL) – BUY 
Current Price: PKR 23.49
Target Price: PKR 28.4

Attock Petroleum (APL) – BUY 
Current Price: PKR 445.05
Target Price: PKR 479.57

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 46.93
Target Price: PKR 80.0

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 45.86
Target Price: PKR  60.1

Bank of Punjab (BOP) – BUY 
Current Price: PKR 12.06
Target Price: PKR 18.3

Cherat Cement Co. Ltd. (CHCC) – BUY 
Current Price: PKR 71.75
Target Price: PKR 96

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 82.20
Target Price: PKR 105.00

Engro Corporation (ENGRO) – BUY 
Current Price: PKR 313.56
Target Price: PKR 348.84

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 72.02
Target Price: PKR 91.0

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 34.18
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 35.82
Target Price: PKR 43.5

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 93.01
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 15.28
Target Price: PKR 25

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 143.59
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 125.41
Target Price: PKR 143.25

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 176.68
Target Price: PKR 206

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 85.60
Target Price: PKR 136.9

Indus Motors (INDU) – BUY 
Current Price: PKR 1,181.57
Target Price: PKR 1,426.6

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 52.80
Target Price: PKR 64

Kohat Cement Company (KOHC) – BUY 
Current Price: PKR 83.53
Target Price: PKR 111

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 17.27
Target Price: PKR 25.3

Lucky Cement (LUCK) – BUY 
Current Price: PKR 441.71
Target Price: PKR 605.8

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR   1300.85
Target Price: PKR  1,983.6

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   187.98
Target Price: PKR 224.73

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 42.75
Target Price: PKR 56.6

Millat Tractors Limited (MTL) – BUY 
Current Price: PKR 787.95
Target Price: PKR  1,017

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 42.58
Target Price: PKR 66.51

Nishat Chunian Limited (NCL) – BUY 
Current Price: PKR 48.98
Target Price: PKR 67.7

Nishat Mills (NML) – BUY 
Current Price: PKR 134.59
Target Price: PKR 158

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 130.18
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 24.41
Target Price: PKR 28.20

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 45.24
Target Price: PKR 60

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 430.09
Target Price: PKR 593.0

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 150.08
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 181.23
Target Price: PKR 244.87

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 227.40
Target Price: PKR 298.00

Sui Northern Gas Pipeline (SNGP) – BUY 
Current Price: PKR 75.38
Target Price: PKR 96.2

United Bank Limited (UBL) – BUY 
Current Price: PKR 131.39
Target Price: PKR 154.60

Thank you very much for reading this article.

NOTE: The information posted in this blog /forum (http://www.karachistockexchange.org/) is based on current affairs & investors point of view. There may be discrepancy in the ground realities. The information given in this blog /forum (http://www.karachistockexchange.org/) is as of the date of this post and there can be no assurance that future results or events will be consistent with this information. This post is provided for assistance only and is not intended to be and must not alone be taken as the basis for any investment decision. The user assumes the entire risk of any use made of this information. Each viewer of this post should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this post (including the merits and risks involved), and should consult his or her own advisors to determine the merits and risks of such investment. This blog /forum (http://www.karachistockexchange.org/)  or any of its affiliates shall not be in any way responsible for any loss or damage that may be arise to any person from any inadvertent error in the information contained in this post.

Written by: Rana Khuram

Pakistan Stock Exchange (PSX) Weekly Analysis 30 December, 2018

BUY recommendations are:  ABL, ACPL, AKBL, APL, ASTL, BAFL, BOP, CHCC, DGKC, ENGRO, EFERT, FATIMA, FFBL, FFC, GWLC, HASCOL, HBL, HCAR, HUBCO, INDU, KAPCO, KOHC, LOTCHEM, LUCK, MARI, MCB, MLCF, MTL, NBP, NML, OGDC, PAEL, PIOC, POL, PPL, PSMC, PSO, SNGP, and UBL.

Top gainers of last week were: FATIMA, FFC, APL, ABL, FABL, ABOT, MEBL, SHEL and KAPCO.

Top losers of last week were: BAFL, UBL, ENGRO, LUCK, OGDC, PPL, FCCL, DGKC, and EFOODS .

Top Volume Leaders of last week:  BOP, LOTCHEM, KEL, BAFL, and PAEL.

The Pakistan Stock Exchange (PSX) market index declined because of the emerging political instability and economic slowdown. KSE-100 index closed on 37,167 by losing 1084 points, while KSE-30 index closed on 17,274 by losing 785 points.

According to experts of http://www.karachistockexchange.org, following news have played vital role in Karachi Stock Market index movement:


  • The political front kept noise higher during the week as the joint investigation team (JIT) submitted its report to the Supreme Court on fake account case
  • The accountability court announced its verdict against Nawaz Shareef’s Al Aziziah reference case thereby imposing seven years imprisonment
  • In fake accounts case Asif Ali Zardari was placed on the ECL
  • Average daily traded volume improved by 5% WoW to 110mn
  • Foreign selling stood at USD1.1mn for the week while domestic mutual funds also offloaded shares worth USD6.2mn
  • The Banks, Power, Cement and Chemical sectors were the volume leaders
  • All sectors witnessed a selling pressure. The Banks, Cements, Refinery, E&P and Fertilizers were the negative contributors and declined the Index by 672 points
  • Net-selling from Insurance (US$2.19mn) that has been providing key support to the market in recent times, followed by Mutual Funds (US$6.2mn) while their selling was mainly absorbed by Banks (US$4.57mn)
  • Across the board selling was witnessed in the market with Cement (down 4.5%), Oil & Gas (down 3.8% where volatility in international oil prices also played a part), and followed by Banks (down 3.1%) 
  • Chinese bank to loan USD 262 mn for Thar coal power project
  • NESPAK has secured a short-term assignment of the Diamer Basha Dam project through competitive bidding
  • SNGPL to get Rs 26 bn to supply gas to export oriented industry
  • IMF puts Pakistan in a tight spot. The IMF has asked Pakistan to ensure primary surplus on budget deficit to move ahead with the program
  • Government releases Rs184.6b for development projects
  • K-Electric acquisition: Shanghai Electric receives nine-month extension
  • FIA raided the head office of Securities and Exchange Commission of Pakistan (SECP) and taken the record pertaining to a bank 

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 106.95
Target Price: PKR 121

Attock Cement Ltd. (ACPL) – BUY 
Current Price: PKR 115.26
Target Price: PKR 140.6

Askari Bank (AKBL) – BUY 
Current Price: PKR 23.89
Target Price: PKR 28.4

Attock Petroleum (APL) – BUY 
Current Price: PKR 430.13
Target Price: PKR 530.3

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 47.59
Target Price: PKR 92.0

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 42.33
Target Price: PKR 69.6

Bank of Punjab (BOP) – BUY 
Current Price: PKR 12.40
Target Price: PKR 18.3

Cherat Cement Co. Ltd. (CHCC) – BUY 
Current Price: PKR 68.17
Target Price: PKR 96

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 81.77
Target Price: PKR 122

Engro Corporation (ENGRO) – BUY 
Current Price: PKR 298.01
Target Price: PKR 348.84

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 69.77
Target Price: PKR 90.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 36.55
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 37.57
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 91.97
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 15.70
Target Price: PKR 36

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 150.95
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 120.25
Target Price: PKR 170

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 171.57
Target Price: PKR 206

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 85.87
Target Price: PKR 136.9

Indus Motors (INDU) – BUY 
Current Price: PKR 1,181.25
Target Price: PKR 1,426.6

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 49.52
Target Price: PKR 64

Kohat Cement Company (KOHC) – BUY 
Current Price: PKR 84.31
Target Price: PKR 111

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 17.01
Target Price: PKR 25.3

Lucky Cement (LUCK) – BUY 
Current Price: PKR 455.56
Target Price: PKR 605.8

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR   1246.86
Target Price: PKR  1,983.6

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   189.38
Target Price: PKR 231.4

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 41.52
Target Price: PKR 56.6

Millat Tractors Limited (MTL) – BUY 
Current Price: PKR 872.59
Target Price: PKR  1,017

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 42.57
Target Price: PKR 57.74

Nishat Mills (NML) – BUY 
Current Price: PKR 130.47
Target Price: PKR 167.5

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 127.72
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 24.73
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 43.04
Target Price: PKR 60

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 415.24
Target Price: PKR 657

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 147.75
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 174.99
Target Price: PKR 346

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 228.15
Target Price: PKR 399.08

Sui Northern Gas Pipeline (SNGP) – BUY 
Current Price: PKR 76.98
Target Price: PKR 96.2

United Bank Limited (UBL) – BUY 
Current Price: PKR 128.26
Target Price: PKR 173.9

Thank you very much for reading this article.

NOTE: The information posted in this blog /forum (http://www.karachistockexchange.org/) is based on current affairs & investors point of view. There may be discrepancy in the ground realities. The information given in this blog /forum (http://www.karachistockexchange.org/) is as of the date of this post and there can be no assurance that future results or events will be consistent with this information. This post is provided for assistance only and is not intended to be and must not alone be taken as the basis for any investment decision. The user assumes the entire risk of any use made of this information. Each viewer of this post should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this post (including the merits and risks involved), and should consult his or her own advisors to determine the merits and risks of such investment. This blog /forum (http://www.karachistockexchange.org/)  or any of its affiliates shall not be in any way responsible for any loss or damage that may be arise to any person from any inadvertent error in the information contained in this post.

Written by: Rana Khuram

Pakistan Stock Exchange (PSX) Weekly Analysis 23 December, 2018

BUY recommendations are:  ABL, ACPL, AKBL, APL, ASTL, BAFL, BOP, CHCC, DGKC, ENGRO, EFERT, FATIMA, FFBL, FFC, GWLC, HASCOL, HBL, HCAR, HUBCO, INDU, KAPCO, KOHC, LOTCHEM, LUCK, MARI, MCB, MLCF, MTL, NBP, NML, OGDC, PAEL, PIOC, POL, PPL, PSMC, PSO, SNGP, and UBL.

Top gainers of last week were: MLCF, APL, FFBL, PAKT, ENGRO, KEL, ABL, TRG.

Top losers of last week were: PPL, HBL, POL, GWLC, PSMC, FFC, BAHL.

Top Volume Leaders of last week:  KEL, BOP, PAEL, EPCL and TRG.

The Pakistan Stock Exchange (PSX) market index witnessed a dull activity throughout the week and the Index consolidated around 38,000 levels. The decline in the market was primarily witnessed due to the decline in oil prices in the international market and the continuing uncertainty on the economic front. The Index showed a slight recovery during the last trading day of the week on the announcement of USD 3bn economic assistance package by UAE. KSE-100 index closed on 38,251 by losing 335 points, while KSE-30 index closed on 18,059 by losing 347 points.

According to experts of http://www.karachistockexchange.org, following news have played vital role in Karachi Stock Market index movement:


  • The E&P and Banking stocks emerged as the negative contributors and eroded 374 and 177 points respectively
  • Increased clarity on points of contention between the IMF and Pakistan's negotiations over an additional facility with FX support in the form of previously pledged US1bn from Saudi Arabia and financing facility worth US$3bn from the UAE failed to raise participation (average daily turnover for the week fell 13.4%WoW) and fermented bearish sentiment
  • Foreigners continued to stand out the major sellers with net outflows of USD12.2mn. The mutual funds and Individuals were the net buyers worth USD7mn cumulatively
  • In a meeting of senior representatives of different Islamic banks on matters pertaining to the launch of Islamic Sukuk by the GoP's power sector holding company, while the Economic Coordination Committee (ECC) of the Cabinet has reportedly directed Power Division and Finance Division to prepare a joint plan for raising PkR300bn Islamic financing by mortgaging Discos' assets
  • A bit of a commotion was caused at the of 'withdrawal of public announcement of intention (PoI) to acquire 18,336 mn shares or 66.40 per cent stake in K-Electric Ltd by Shanghai Electric Power Company Ltd', where a fresh PoI is highly likely
  • The country's liquid foreign exchange reserves increased by US$831mnWoW, mainly due to arrival of US$1bn from Saudi Arabia with total liquid forex reserves at US$14.584bn as on Dec 14th while the UAE's Abu Dhabi Development Fund reportedly pledged to keep US$3bn in the SBP's coffers
  • The Banks, Technology, Power and Chemical sectors were the volume leaders
  • IMF demands sharp revenue hikes
  • PC board refuses to delay privatization of three firms
  • Government offers IMF Rs190b in new taxes for bailout
  • PTI government likely to present second mini-budget in Jan
  • Upcoming judgment for landmark accountability cases before various judicial forums and news flow pertaining to granular details surrounding an IMF facility and bi-lateral assistance should keep markets range bound over the coming week

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 107.51
Target Price: PKR 121

Attock Cement Ltd. (ACPL) – BUY 
Current Price: PKR 117.69
Target Price: PKR 140.6

Askari Bank (AKBL) – BUY 
Current Price: PKR 23.88
Target Price: PKR 28.4

Attock Petroleum (APL) – BUY 
Current Price: PKR 429.68
Target Price: PKR 530.3

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 49.61
Target Price: PKR 92.0

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 46.33
Target Price: PKR 69.6

Bank of Punjab (BOP) – BUY 
Current Price: PKR 12.88
Target Price: PKR 18.3

Cherat Cement Co. Ltd. (CHCC) – BUY 
Current Price: PKR 71.95
Target Price: PKR 96

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 88.15
Target Price: PKR 122

Engro Corporation (ENGRO) – BUY 
Current Price: PKR 314.37
Target Price: PKR 348.84

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 72.17
Target Price: PKR 90.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 34.15
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 38.02
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 91.51
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 16.10
Target Price: PKR 36

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 155.37
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 181.72
Target Price: PKR 170

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 181.72
Target Price: PKR 206

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 89.55
Target Price: PKR 136.9

Indus Motors (INDU) – BUY 
Current Price: PKR 1,204.88
Target Price: PKR 1,426.6

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 49.96
Target Price: PKR 64

Kohat Cement Company (KOHC) – BUY 
Current Price: PKR 87.71
Target Price: PKR 111

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 18.08
Target Price: PKR 25.3

Lucky Cement (LUCK) – BUY 
Current Price: PKR 486.88
Target Price: PKR 605.8

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR   1309.56
Target Price: PKR  1,983.6

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   194.76
Target Price: PKR 231.4

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 43.96
Target Price: PKR 56.6

Millat Tractors Limited (MTL) – BUY 
Current Price: PKR 894.12
Target Price: PKR  1,017

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 45.73
Target Price: PKR 57.74

Nishat Mills (NML) – BUY 
Current Price: PKR 132.03
Target Price: PKR 167.5

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 133.61
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 27
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 44.21
Target Price: PKR 60

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 429.97
Target Price: PKR 657

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 154.04
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 186.02
Target Price: PKR 346

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 239.75
Target Price: PKR 399.08

Sui Northern Gas Pipeline (SNGP) – BUY 
Current Price: PKR 76.86
Target Price: PKR 96.2

United Bank Limited (UBL) – BUY 
Current Price: PKR 139.40
Target Price: PKR 173.9

Thank you very much for reading this article.

NOTE: The information posted in this blog /forum (http://www.karachistockexchange.org/) is based on current affairs & investors point of view. There may be discrepancy in the ground realities. The information given in this blog /forum (http://www.karachistockexchange.org/) is as of the date of this post and there can be no assurance that future results or events will be consistent with this information. This post is provided for assistance only and is not intended to be and must not alone be taken as the basis for any investment decision. The user assumes the entire risk of any use made of this information. Each viewer of this post should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this post (including the merits and risks involved), and should consult his or her own advisors to determine the merits and risks of such investment. This blog /forum (http://www.karachistockexchange.org/)  or any of its affiliates shall not be in any way responsible for any loss or damage that may be arise to any person from any inadvertent error in the information contained in this post.

Written by: Rana Khuram

Pakistan Stock Exchange (PSX) Weekly Analysis 17 December, 2018

BUY recommendations are:  ABL, ACPL, APL, AKBL, ASTL, BAFL, CHCC, DGKC, ENGRO, EFERT, FATIMA, FFBL, FFC, GWLC, HASCOL, HBL, HCAR, HUBCO, INDU, KOHC, LUCK, MARI, MCB, MLCF, MTL, NBP, NCPL, NML, NPL, OGDC, PAEL, PIOC, POL, PPL, PSMC, PSO, SEARL, SNGPL, UBL.

Top gainers of last week were: EFOODS, ABL, PPL, LUCK, and ENGRO.

Top losers of last week were: MLCF, HASCOL, PSMC, ASTL, and FFBL.

Top Volume Leaders of last week:  KEL, PAEL, BOP, TRG, and EPCL.

The Pakistan Stock Exchange (PSX) market index gyrated during the week. KSE-100 index closed on 38,586 by gaining 24 points or 0.06%, while KSE-30 index closed on 18,406 by gaining 24 points.

According to experts of http://www.karachistockexchange.org, following news have played vital role in Karachi Stock Market index movement:


  • PM and Finance Minister giving assurances on Tax/Regulatory concessions for the equity market and positive outcome of the OPEC meeting (OPEC members and Russia agreed to a cut of 1.2mn bpd effective Jan’19)
  • Uncertainty surrounding IMF program
  • Delay in issuance of US$3bn bonds
  • US placing Pakistan on the blacklist (before removing it shortly)
  • SSGC closed gas transmission to captive power plants as the company faced gas shortage while resuming it after three days
  • SC decision to allow high rise construction in Karachi,
  • Positive developments surrounding KE sale, failed to invigorate any interest
  • Friday blessed market again with a positive close as Pakistan received another tranche of Saudi Aid of US$1bn
  • ENGRO sold 24% of outstanding shares of Elengy Terminal Pakistan Limited (EPTL) to VOPAK for US$31.4mn

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 102
Target Price: PKR 121

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 116.81
Target Price: PKR 139.7

Attock Petroleum (APL) – BUY 
Current Price: PKR 408.41
Target Price: PKR 530.3

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 23.59
Target Price: PKR 29.2

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 49.93
Target Price: PKR 92.0

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 48
Target Price: PKR 69.6

Cherat Cement Co. Ltd. (CHCC) – BUY 
Current Price: PKR 70
Target Price: PKR 96

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 89
Target Price: PKR 122

Engro Corporation (ENGRO) – BUY 
Current Price: PKR 307
Target Price: PKR 348.84

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 73
Target Price: PKR 90.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 35
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 36
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 94
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 17
Target Price: PKR 36

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 164
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 132
Target Price: PKR 170

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 182.70
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 90
Target Price: PKR 136.9

Indus Motors (INDU) – BUY 
Current Price: PKR 1,195
Target Price: PKR 1,426.6

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 87.40
Target Price: PKR 152.5

Lucky Cement (LUCK) – BUY 
Current Price: PKR 484
Target Price: PKR 605.8

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   194.
Target Price: PKR 231.4

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 41
Target Price: PKR 56.6

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,354.71
Target Price: PKR 1,781.5

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 878.97
Target Price: PKR 1,255.1

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 47
Target Price: PKR 57.74

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 23.27
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 132.03
Target Price: PKR 167.5

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 25.21
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 139
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 25.40
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 42
Target Price: PKR 60

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 465
Target Price: PKR 657

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 169
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 196
Target Price: PKR 346

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 237
Target Price: PKR 399.08

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 242.34
Target Price: PKR 505.0

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 75.16
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 140
Target Price: PKR 173.9

Thank you very much for reading this article.

NOTE: The information posted in this blog /forum (http://www.karachistockexchange.org/) is based on current affairs & investors point of view. There may be discrepancy in the ground realities. The information given in this blog /forum (http://www.karachistockexchange.org/) is as of the date of this post and there can be no assurance that future results or events will be consistent with this information. This post is provided for assistance only and is not intended to be and must not alone be taken as the basis for any investment decision. The user assumes the entire risk of any use made of this information. Each viewer of this post should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this post (including the merits and risks involved), and should consult his or her own advisors to determine the merits and risks of such investment. This blog /forum (http://www.karachistockexchange.org/)  or any of its affiliates shall not be in any way responsible for any loss or damage that may be arise to any person from any inadvertent error in the information contained in this post.

Written by: Rana Khuram

Pakistan Stock Exchange (PSX) Weekly Analysis 9 December, 2018

BUY recommendations are:  ABL, ACPL, APL, AKBL, ASTL, BAFL, CHCC, DGKC, ENGRO, EFERT, FATIMA, FFBL, FFC, GWLC, HASCOL, HBL, HCAR, HUBCO, INDU, KOHC, LUCK, MARI, MCB, MLCF, MTL, NBP, NCPL, NML, NPL, OGDC, PAEL, PIOC, POL, PPL, PSMC, PSO, SEARL, SNGPL, UBL.

Top gainers of last week were: FCCL, FATIMA, UBL, KEL and EFERT.

Top losers of last week were: APL, HASCOL, PIOC, PSO and PSMC.

Top Volume Leaders of last week:  KEL, BOP, LOTCHEM, MLCF, and PAEL.

The Pakistan Stock Exchange (PSX) market index witnessed another difficult week for the market with KSE-100 index closing at 38,562.05pts. KSE-100 index closed on 38,562 by losing 1934 points or 4.8%, while KSE-30 index closed on 18,382 by losing 942 points.

According to experts of http://www.karachistockexchange.org, following news have played vital role in Karachi Stock Market index movement:


  • Unexpected interest rate hike of 150bps to 10.0% by SBP in post market hours on previous Friday caught investors off guard
  • The Sensitive Price Indicator (SPI) for the week ended December 7, 2018 registered a decrease of 0.55% for the combined income group, going down from 239.25 points in the prior week to 237.94 in the week under review
  • PkR currency depreciation triggered across the board selling
  • Oil prices receded 2.4%WoW in the run-up to the OPEC’s meeting as non-OPEC producers expand production, with pressure being exerted by OPEC’s decision to delay a final decision on output cuts, awaiting support from non-OPEC heavyweight Russia
  • Oil & Gas sector lost 5.7% of its market capitalization during the week
  • The negatives overshadowed the improving relationship of Pakistan with the US, with the latter coming for assistance in negotiating settlement of the Afghan War
  • Importantly, foreign selling subsided in the current week with FIPI standing at –ve USD2.5mn vs. –ve USD51.1mn in the previous week (USD32.6mn net selling on Friday, being the last day for MSCI rebalancing in the local market)
  • Average volumes turned lower standing at 205.0mn shares (KSE All-share) vs. 278.2mn shares in the previous week whereas activity was tilted towards blue-scrips with KSE-100/KSE-All share traded value standing at 0.74x vs. 0.66x in the previous week


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 96.00
Target Price: PKR 121

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 119.68
Target Price: PKR 139.7

Attock Petroleum (APL) – BUY 
Current Price: PKR 413.27
Target Price: PKR 530.3

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 24.93
Target Price: PKR 29.2

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 57.95
Target Price: PKR 92.0

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 48.61
Target Price: PKR 69.6

Cherat Cement Co. Ltd. (CHCC) – BUY 
Current Price: PKR 72.07
Target Price: PKR 96

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 89.72
Target Price: PKR 122

Engro Corporation (ENGRO) – BUY 
Current Price: PKR 299.54
Target Price: PKR 348.84

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 74.18
Target Price: PKR 90.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 34.15
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 37.65
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 94.25
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 17.37
Target Price: PKR 36

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 173.76
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 132.51
Target Price: PKR 170

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 192.10
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 94.77
Target Price: PKR 136.9

Indus Motors (INDU) – BUY 
Current Price: PKR 1,184.92
Target Price: PKR 1,426.6

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 88.18
Target Price: PKR 152.5

Lucky Cement (LUCK) – BUY 
Current Price: PKR 469.59
Target Price: PKR 605.8

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   197.35
Target Price: PKR 231.4

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 44.21
Target Price: PKR 56.6

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,325.27
Target Price: PKR 1,781.5

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 904.91
Target Price: PKR 1,255.1

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 46.96
Target Price: PKR 57.74

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 24.49
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 136.54
Target Price: PKR 167.5

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 26.80
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 140.29
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 28.49
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 42.87
Target Price: PKR 60

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 463.07
Target Price: PKR 657

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 162.47
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 206.12
Target Price: PKR 346

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 235.19
Target Price: PKR 399.08

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 243.53
Target Price: PKR 505.0

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 77.48
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 140.02
Target Price: PKR 173.9

Thank you very much for reading this article.

NOTE: The information posted in this blog /forum (http://www.karachistockexchange.org/) is based on current affairs & investors point of view. There may be discrepancy in the ground realities. The information given in this blog /forum (http://www.karachistockexchange.org/) is as of the date of this post and there can be no assurance that future results or events will be consistent with this information. This post is provided for assistance only and is not intended to be and must not alone be taken as the basis for any investment decision. The user assumes the entire risk of any use made of this information. Each viewer of this post should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this post (including the merits and risks involved), and should consult his or her own advisors to determine the merits and risks of such investment. This blog /forum (http://www.karachistockexchange.org/)  or any of its affiliates shall not be in any way responsible for any loss or damage that may be arise to any person from any inadvertent error in the information contained in this post.

Written by: Rana Khuram

Pakistan Stock Exchange (PSX) Weekly Analysis 1 December, 2018

BUY recommendations are:  ABL, ACPL, APL, AKBL, ASTL, BAFL, CHCC, DGKC, EFERT, FATIMA, FFBL, FFC, GWLC, HASCOL, HBL, HCAR, HUBCO, INDU, KOHC, LUCK, MARI, MCB, MLCF, MTL, NBP, NCPL, NML, NPL, OGDC, PAEL, PIOC, POL, PPL, PSMC, PSO, SEARL, SNGPL, UBL.

Top gainers of last week were: EFOODS, PPL, MCB, OGDC, and HBL.

Top losers of last week were: CHCC, ASTL, PIOC, FCCL, and LUCK.

Top Volume Leaders of last week:  UBL, LOTCHEM, BOP, PAEL, and FCCL.

The Pakistan Stock Exchange (PSX) market index week ended with the dominance of bears. KSE-100 index closed on 40,496 by losing 373 points or 0.91%, while KSE-30 index closed on 19,324 by losing 119 points.

According to experts of http://www.karachistockexchange.org, following news have played vital role in Karachi Stock Market index movement:


  • The State Bank of Pakistan raised its benchmark policy rate by 150bps to 10 percent 
  • Lack of clarity on external funding amidst foreign selling pressure (US$51.1mn vs. US$11.6mn in the last week) post MSCI rebalancing kept the domestic market under pressure
  • Market activity remained lackluster with average daily turnover declining to 151.9mn shares, down 3.1% WoW
  • Rupee losing another 2.5% against dollar, with PKR/US$ parity settling at PkR136.75 after touching intra-day high of 143
  • Pakistan’s total foreign exchange reserves surging 6.24%WoW to US$14.57bn during the week ended Nov 23’18, with reserves held by central bank increasing by US$776mn to US$8.06bn
  • The GoP deciding to raise up to PkR200bn to bail out the country’s ever-bleeding power sector by pledging major assets of the distribution and generation companies
  • Country’s fiscal deficit rising to 1.4% of GDP or PKR542bn in 1QFY19, compared to 1.2pc or PkR441bn in the same period last year
  • NEPRA withholding countrywide applicability of PkR1.27 per unit increase in uniform electricity tariff, citing legal grounds

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 103.73
Target Price: PKR 121

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 130.74
Target Price: PKR 139.7

Attock Petroleum (APL) – BUY 
Current Price: PKR 479.89
Target Price: PKR 530.3

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 25.31
Target Price: PKR 29.2

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 57.95
Target Price: PKR 92.0

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 50.07
Target Price: PKR 69.6

Cherat Cement Co. Ltd. (CHCC) – BUY 
Current Price: PKR 78.62
Target Price: PKR 96

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 97.19
Target Price: PKR 122

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 76.37
Target Price: PKR 90.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 34.50
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 39.63
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 98.56
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 18.01
Target Price: PKR 36

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 200.46
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 139.86
Target Price: PKR 170

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 206.98
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 94.77
Target Price: PKR 136.9

Indus Motors (INDU) – BUY 
Current Price: PKR 1,294.79
Target Price: PKR 1,426.6

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 94.84
Target Price: PKR 152.5

Lucky Cement (LUCK) – BUY 
Current Price: PKR 493.92
Target Price: PKR 605.8

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   206.10
Target Price: PKR 231.4

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 48.43
Target Price: PKR 56.6

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,391.31
Target Price: PKR 1,781.5

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 984.87
Target Price: PKR 1,255.1

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 48.75
Target Price: PKR 57.74

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 25.30
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 147.82
Target Price: PKR 167.5

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 28.55
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 147.54
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 28.49
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 49.24
Target Price: PKR 60

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 486.00
Target Price: PKR 657

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 169.31
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 232.16
Target Price: PKR 346

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 268.70
Target Price: PKR 399.08

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 258.27
Target Price: PKR 505.0

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 79.66
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 141.53
Target Price: PKR 173.9

Thank you very much for reading this article.

NOTE: The information posted in this blog /forum (http://www.karachistockexchange.org/) is based on current affairs & investors point of view. There may be discrepancy in the ground realities. The information given in this blog /forum (http://www.karachistockexchange.org/) is as of the date of this post and there can be no assurance that future results or events will be consistent with this information. This post is provided for assistance only and is not intended to be and must not alone be taken as the basis for any investment decision. The user assumes the entire risk of any use made of this information. Each viewer of this post should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this post (including the merits and risks involved), and should consult his or her own advisors to determine the merits and risks of such investment. This blog /forum (http://www.karachistockexchange.org/)  or any of its affiliates shall not be in any way responsible for any loss or damage that may be arise to any person from any inadvertent error in the information contained in this post.

Written by: Rana Khuram

Pakistan Stock Exchange (PSX) Weekly Analysis 24 November, 2018

BUY recommendations are:  ABL, ACPL, APL, AKBL, ASTL, BAFL, CHCC, DGKC, EFERT, FATIMA, FFBL, FFC, GWLC, HASCOL, HBL, HCAR, HUBCO, INDU, KOHC, LUCK, MARI, MCB, MLCF, MTL, NBP, NCPL, NML, NPL, OGDC, PAEL, PIOC, POL, PPL, PSMC, PSO, SEARL, SNGPL, UBL.

Top gainers of last week were: ICI Pak, CHCC, NRL, LUCK, PIOC, ASTL, MCB, and Engro Polymer.

Top losers of last week were: POL, HBL, DGKC, KEL, OGDC, Jubilee Life Insurance, Honda Atlas Cars, and Shifa International Hospitals.

Top Volume Leaders of last week:  LOTCHEM, EPCL, NRSL, PAEL, STPL, MLCF.

The Pakistan Stock Exchange (PSX) market index failed to consolidate gains made during the last week, mainly led by rout in E&Ps owing to sliding international oil prices and delays in finalization of IMF Bailout Package. The KSE-100 index gave way to wider macro jitters, amidst an uncertain foreign exchange reserve picture. KSE-100 index closed on 40,869 by losing 792 points or 1.9%, while KSE-30 index closed on 19,443 by losing 516 points.

According to experts of http://www.karachistockexchange.org, following news have played vital role in Karachi Stock Market index movement:


  • The International Monetary Fund (IMF) viewed policy uncertainty and economic imbalances as risks to growth saying that its growth forecasts would slide to 4% in the current fiscal year from a decade-high of 5.8% in FY18
  • IMF negotiations get delayed, investor expectations of FX reserve funding from China, Saudi Arabia would deliver some welcomed relief
  • Market activity remained dull during the week with average daily traded value and volumes declining by 23%/26%WoW to USD56mn/157mn
  • Pakistan could face a tough time in the coming years as the delegation of Asia Pacific Group (APG)—a subsidiary of Financial Action Task Force (FATF) during its recent visit rated Pakistan partially/non-compliant in 33 out of 40 recommendations
  • Prime Minister Imran Khan on Monday led a sharp reaction by political leaders to US President Donald Trump's tirade against Pakistan by hinting at review of foreign policy options
  • During the week Pakistan received USD1bn from Saudi Arabia which took SBP’s foreign exchange reserves to USD8.3bn on 19th November
  • E&P sector contributed 42% (329pts) to the decline in KSE100 index as it was down 4.8%WoW due to fall in international oil prices (Brent / WTI: down around 9%WoW to USD60 / USD51 per bbl) owing to concerns regarding oil supply glut
  • Banks contributed 35% (279pts) to the decline in Benchmark Index mainly led by selling in United Bank Limited (UBL) and Habib Bank Limited (HBL). UBL was down 2.4%WoW due to its intimation of voluntary liquidation of New York branch in view of commercial viability
  • Foreign selling for the week stood at USD11.6mn. Among the domestic investors, Companies and NBFC remained the major sellers with net selling of USD3.0mn and USD1.0mn, respectively. The bulk of this selling was absorbed by Insurance companies and Banks with net buying of USD8.0mn and USD4.1mn, respectively


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 103.14
Target Price: PKR 121

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 137
Target Price: PKR 139.7

Attock Petroleum (APL) – BUY 
Current Price: PKR 498.31
Target Price: PKR 530.3

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 24.82
Target Price: PKR 29.2

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 64.97
Target Price: PKR 92.0

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 49.80
Target Price: PKR 69.6

Cherat Cement Co. Ltd. (CHCC) – BUY 
Current Price: PKR 91.22
Target Price: PKR 96

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 104.68
Target Price: PKR 122

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 76.09
Target Price: PKR 90.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 34
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 39.99
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 99.55
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 18.86
Target Price: PKR 36

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 215.01
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 136.65
Target Price: PKR 170

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 224
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 95.32
Target Price: PKR 136.9

Indus Motors (INDU) – BUY 
Current Price: PKR 1,348.82
Target Price: PKR 1,426.6

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 103
Target Price: PKR 152.5

Lucky Cement (LUCK) – BUY 
Current Price: PKR 532.44
Target Price: PKR 605.8

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   200.02
Target Price: PKR 231.4

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 51.96
Target Price: PKR 56.6

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,343
Target Price: PKR 1,781.5

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 995.49
Target Price: PKR 1,255.1

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 49.71
Target Price: PKR 57.74

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 25
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 145.91
Target Price: PKR 167.5

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 29
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 143.79
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 32.49
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 54.58
Target Price: PKR 60

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 480.48
Target Price: PKR 657

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 163.67
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 243.95
Target Price: PKR 346

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 278.13
Target Price: PKR 399.08

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 277.17
Target Price: PKR 505.0

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 86.53
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 139.13
Target Price: PKR 173.9

Thank you very much for reading this article.

NOTE: The information posted in this blog /forum (http://www.karachistockexchange.org/) is based on current affairs & investors point of view. There may be discrepancy in the ground realities. The information given in this blog /forum (http://www.karachistockexchange.org/) is as of the date of this post and there can be no assurance that future results or events will be consistent with this information. This post is provided for assistance only and is not intended to be and must not alone be taken as the basis for any investment decision. The user assumes the entire risk of any use made of this information. Each viewer of this post should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this post (including the merits and risks involved), and should consult his or her own advisors to determine the merits and risks of such investment. This blog /forum (http://www.karachistockexchange.org/)  or any of its affiliates shall not be in any way responsible for any loss or damage that may be arise to any person from any inadvertent error in the information contained in this post.

Written by: Rana Khuram

Pakistan Stock Exchange (PSX) Weekly Analysis 18 November, 2018

BUY recommendations are:  ABL, ACPL, APL, AKBL, ASTL, BAFL, CHCC, DGKC, EFERT, FATIMA, FFBL, FFC, GWLC, HASCOL, HBL, HCAR, HUBCO, INDU, KOHC, LUCK, MARI, MCB, MLCF, MTL, NBP, NCPL, NML, NPL, OGDC, PAEL, PIOC, POL, PPL, PSMC, PSO, SEARL, SNGPL, UBL.

Top gainers of last week were: PIOC, CHCC, PSMC, MCB, and HBL.

Top losers of last week were: ASTL, KEL, PTC, HASCOL, and PPL.

Top Volume Leaders of last week:  LOTCHEM, STPL, TRG, PAEL, and PIBTL.

The Pakistan Stock Exchange (PSX) market index remained range bound throughout the week touching a low of 40,994pts before closing at 41,661. KSE-100 index closed on 41,661 by gaining 272 points, while KSE-30 index closed on 19,959 by gaining 79 points.

According to experts of http://www.karachistockexchange.org, following news have played vital role in Karachi Stock Market index movement:


  • There was a weak start of the week as uncertainties around the Chinese package and materialization of Saudi package amid IMF negotiations kept investors on the err side of caution
  • MSCI on Nov 14’18 announced its semi-annual review where it declassified LUCK and UBL from the Standard Index to Small Cap Index and downgraded HCAR and MLCF from the EM index
  • Consequent to exclusion of LUCK and UBL, Pakistan’s weight has been reduced to 0.4% in the MSCI EM index from 0.7% in May’18
  • Market activity remained strong with ADT standing at 213.3mn shares vs. 196.5mn shares in the previous week as local participants bounced on cheap valuations
  • ADTV for the week stood at US$88.9mn vs.US$77.9mn in the previous week
  • A closer look suggests activity to have been tilted towards the main board with ADTV of KSE-100 Index/KSE- All share Index at 81.4% (30W high) vs. 73.2% recorded in the previous week
  • News flows relating to IMF negotiations (to be completed by Nov 20’18), likely disbursement of US$1bn from Saudi authorities (Out of US$3bn) and PM’s visit to UAE for a potential package would drive market performance next week

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 105.54
Target Price: PKR 121

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 137.04
Target Price: PKR 139.7

Attock Petroleum (APL) – BUY 
Current Price: PKR 509.10
Target Price: PKR 530.3

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 25.65
Target Price: PKR 29.2

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 64.80
Target Price: PKR 92.0

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 50.67
Target Price: PKR 69.6

Cherat Cement Co. Ltd. (CHCC) – BUY 
Current Price: PKR 83.60
Target Price: PKR 96

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 110.61
Target Price: PKR 122

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 78.34
Target Price: PKR 90.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 34.80
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 41.90
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 100.06
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 19.16
Target Price: PKR 36

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 221.87
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 144.89
Target Price: PKR 170

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 241.59
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 95.39
Target Price: PKR 136.9

Indus Motors (INDU) – BUY 
Current Price: PKR 1,386.40
Target Price: PKR 1,426.6

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 102.18
Target Price: PKR 152.5

Lucky Cement (LUCK) – BUY 
Current Price: PKR 506.67
Target Price: PKR 605.8

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   203.63
Target Price: PKR 231.4

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 52.41
Target Price: PKR 56.6

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,402.79
Target Price: PKR 1,781.5

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 990.49
Target Price: PKR 1,255.1

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 49.96
Target Price: PKR 57.74

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 25.74
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 152.03
Target Price: PKR 167.5

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 28.70
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 150.75
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 32.86
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 53.82
Target Price: PKR 60

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 523.35
Target Price: PKR 657

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 170.62
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 250.87
Target Price: PKR 346

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 278.13
Target Price: PKR 399.08

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 281.13
Target Price: PKR 505.0

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 90.82
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 142.55
Target Price: PKR 173.9

Thank you very much for reading this article.

NOTE: The information posted in this blog /forum (http://www.karachistockexchange.org/) is based on current affairs & investors point of view. There may be discrepancy in the ground realities. The information given in this blog /forum (http://www.karachistockexchange.org/) is as of the date of this post and there can be no assurance that future results or events will be consistent with this information. This post is provided for assistance only and is not intended to be and must not alone be taken as the basis for any investment decision. The user assumes the entire risk of any use made of this information. Each viewer of this post should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this post (including the merits and risks involved), and should consult his or her own advisors to determine the merits and risks of such investment. This blog /forum (http://www.karachistockexchange.org/)  or any of its affiliates shall not be in any way responsible for any loss or damage that may be arise to any person from any inadvertent error in the information contained in this post.

Written by: Rana Khuram