Pakistan Stock Exchange (PSX) Weekly Analysis 20 September, 2018

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

Top gainers of last week were: FEM, HAEL, SARC, JATM, and JOPP.

Top losers of last week were: DKTM, APL, POL, ATRL, and SFAT.

Top Volume Leaders of last week: LOTCHEM, KEL, UNITY, DOL and SMBL.

The Pakistan Stock Exchange (PSX) market index turned green during the week with index gaining 400points, up by 0.98% WoW. Much of the gain came after the announcement of Mini Budget by the new govt. where index gained 718pts in a single day. KSE-100 index closed on 41,320 by gaining 400 points or 1.0 percent.

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


  • The Islamabad High Court suspended the prison sentences handed to former prime minister Nawaz Sharif, his daughter Maryam Nawaz and son‐in‐law Mohammad Safdar in the Avenfield corruption reference
  • Much of the index gain was contributed by automobile assemblers and automobile parts & accessories (148pts) as the select stocks (HCAR +5%; PSMC +5%) grabbed investors’ attention due to removal of ban on non‐tax filers from buying motor vehicles
  • Pharmaceutical sector helped the index (+83pts) to remain in green due to relief provided by the Mini Budget announced by Finance Minister on the import of medical equipment
  • Foreigners sold US$12.6mn worth of shares during the week vs. net selling of US$26.1mn last week
  • On local front, insurance companies and mutual funds were net buyers amounting to US$4.1mn and US$4.1mn, respectively
  • Kohinoor Textile Mills (KATM) announced its 4QFY18 result posting EPS of Rs3.60 up 112% YoY
  • Gul Ahmed Textiles Mills (GATM) disclosed its 4QFY18 result, announcing EPS of Rs2.37 up 64% YoY vs. EPS of Rs1.73 in the similar period last year
  • Mughal Iron & Steels Industries (MUGHAL) posted its 4QFY18 result with EPS of Rs1.36 up 30% YoY.
  • Unity Foods (UNITY) announced its FY18 result posting EPS of Rs0.72. The company posted sales of Rs2.78bn and a gross margin of ~9%. The company also announced a dividend of Rs0.5/share
  • Shield Corporation’s (SCL) BoDs approved an investment of Rs4mn out of total capital of Rs40mn in a Private Limited Company to harness demand for health & hygiene products in rural areas. Reckitt Benckiser Pakistan will be one of the shareholders


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 100
Target Price: PKR 134.9

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 152.17
Target Price: PKR 167.6

Attock Petroleum (APL) – BUY 
Current Price: PKR 470.64
Target Price: PKR 724.84

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 23.86
Target Price: PKR 29.2

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 71.36
Target Price: PKR 128

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 50
Target Price: PKR 69.6

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 107.07
Target Price: PKR 143.1

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 76.19
Target Price: PKR 90.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 37.92
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 37.90
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 97.17
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 19.90
Target Price: PKR 36

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 144.67
Target Price: PKR 248

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 291.03
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 91.69
Target Price: PKR 142.70

Indus Motors (INDU) – BUY 
Current Price: PKR 1,492.54
Target Price: PKR 2,069

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 58.72
Target Price: PKR 61.7

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 130.18
Target Price: PKR 152.5

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 14.51
Target Price: PKR 17.1

Lucky Cement (LUCK) – BUY 
Current Price: PKR 511.32
Target Price: PKR 827

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   199.80
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 49.24
Target Price: PKR 107

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,510.83
Target Price: PKR 1,959.7

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 50.92
Target Price: PKR 74

Nishat Chunian Ltd. (NCL) – BUY 
Current Price: PKR 51.53
Target Price: PKR 57.15

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 23.70
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 144.90
Target Price: PKR 174

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 26.06
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 152.77
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 33.76
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 42.11
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 211.50
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 303.38
Target Price: PKR 395

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 331.14
Target Price: PKR 399.08

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 328.32
Target Price: PKR 505

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 94.89
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 154.10
Target Price: PKR 238

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 16 September, 2018

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

Top gainers of last week were: FATIMA, CHCC, NML, NCL and PIOC.

Top losers of last week were: BAFL, MLCF, ABL, HBL, and PSMC.

Top Volume Leaders of last week: UNITY, MLCF, DOL, FFL, and TRG.

The Pakistan Stock Exchange (PSX) market index bears took note of concerns on the economy, resolving the crucial issue of twin deficits and uncertainty over gas price hike KSE-100 index closed on 40,920 by gaining 65 points. While KSE-30 index closed on 20,024 by losing 74 points.

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


  • The GoP's Cotton Crop Assessment Committee estimates crop output will be 10.8m bales in 2018 vs. the 14.4m bales target set in April due to decreased sowing area amid shortage of water
  • The PTI-led coalition government looks set to reverse the tax concessions of the previous government
  • Pakistan's economic managers on Thursday briefed the IMF team from Washington, DC, on video conference about the proposed mini-budget and partial withdrawal of tax incentives, imposition of regulatory duties on luxury items and slashing down development outlay
  • The PTI government on Thursday announced that it would speed up implementation of the $62 billion China-Pakistan Economic Corridor, open it to other countries and hire international consultants for financial modelling of future projects
  • Oil and Gas sector was up 1.8% WoW tracing upward movement in international oil prices followed by Chemicals (+1.4%WoW) on improvement in margins
  • Banks under influence from foreign selling of USD12.1mn lost 2.0% of value while cements closed in flat. Average Volume remained flat WoW at 138.9mn shares whereas average traded value stood at USD46.6mn as against USD39.2mn in the previous week

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 100.20
Target Price: PKR 134.9

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 148.15
Target Price: PKR 167.6

Attock Petroleum (APL) – BUY 
Current Price: PKR 603.92
Target Price: PKR 724.84

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 23.86
Target Price: PKR 29.2

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 69.67
Target Price: PKR 128

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 49.08
Target Price: PKR 69.6

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 104.63
Target Price: PKR 143.1

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 77.05
Target Price: PKR 90.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 37.15
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 40.26
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 96.96
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 19.68
Target Price: PKR 36

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 144.69
Target Price: PKR 248

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 277.88
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 90.86
Target Price: PKR 142.70

Indus Motors (INDU) – BUY 
Current Price: PKR 1,478.08
Target Price: PKR 2,069

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 58.08
Target Price: PKR 61.7

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 122.61
Target Price: PKR 152.5

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 14.44
Target Price: PKR 17.1

Lucky Cement (LUCK) – BUY 
Current Price: PKR 504.64
Target Price: PKR 827

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   199.91
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 49.18
Target Price: PKR 107

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,521.14
Target Price: PKR 1,959.7

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 51.14
Target Price: PKR 74

Nishat Chunian Ltd. (NCL) – BUY 
Current Price: PKR 50.03
Target Price: PKR 57.15

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 23.88
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 141.59
Target Price: PKR 174

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 26.38
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 154.08
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 33.99
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 43.14
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 208.88
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 268.98
Target Price: PKR 395

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 329.85
Target Price: PKR 399.08

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 315.04
Target Price: PKR 505.0

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 93.09
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 154.61
Target Price: PKR 238

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 September, 2018

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

Top gainers of last week were: COLG, OLPL, PICT, FHAM, and KAPCO.

Top losers of last week were: UNITY, PIOC, ABOT, DGKC, and CHCC.

Top Volume Leaders of last week: BOP, KEL, AGL, EPCL and LOTCHEM.

The Pakistan Stock Exchange (PSX) market index began on a negative note this week, amid cut in military aid by United States worth USD 300mn. Furthermore news of potential hike in domestic and industrial gas prices by an average of 46%, tagged with increase in electricity price by PKR 2/unit had an adverse impact on sectors such as Cement, Steel, Textile, Fertilizer and Chemical. KSE-100 index closed on 40,855 by losing 887 points or 2.1 percent. While KSE-30 index closed on 20,098 by losing 393 points or 1.91 percent.

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


  • Fall in SBP reserves by USD 342mn and circular debt reaching PKR 1.2tn further weakened the investor sentiment
  • US Secretary of State Michael Pompeo stating that his visit to Islamabad led to an agreement that it’s time for the United States and Pakistan to deliver on their commitments
  • The central bank planning to auction PkR5.15trn worth of Market Treasury Bills and Pakistan Investment Bonds during Sep-Nov’18
  • Foreign selling continued this week clocking-in at USD 9.9mn compared to a net sell of USD 10.0mn last week. Selling was witnessed in Commercial Banks (USD 5.8mn) and Cement (USD 3.0mn).
  • Prime Minister Imran Khan approving increase in gas prices up to 46% as proposed by OGRA, while ordering steps to control annual gas theft of PkR50bn
  • Petrol price slashed by Rs 2.41, diesel’s by Rs 6.37
  • Inflation surges to 5.8pc
  • Dutch company plans steel plant in Karachi
  • Byco issues Rs3.12bn worth of sukuk
  • Suzuki Mehran’s 30-year journey to end next April
  • The president on the advice of the PM reconstituting the Council of Common Interests (CCI), and constituting the Cabinet Committee on China-Pakistan Economic Corridor (CCoCPEC)
  • A number of crucial, time sensitive decisions for the nascent Government where clarity is awaited (headway on IMF negotiations vital)
  • Growing risk of a cyclical downturn in consumption led demand where monetary tightening and high fuel prices make for a terse spending backdrop
  • More volatility is expected as dulling volumes (average volumes at 138.7mn shares) give rise to large, incoherent moves in thinly traded scrips


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 105.4
Target Price: PKR 134.9

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 149.1
Target Price: PKR 167.6

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 24
Target Price: PKR 29.2

Attock Petroleum (APL) – BUY 
Current Price: PKR 599.81
Target Price: PKR 724.84

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 71.95
Target Price: PKR 128

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 56.2
Target Price: PKR 69.6

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 102.3
Target Price: PKR 143.1

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 76.9
Target Price: PKR 90.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 32.81
Target Price: PKR 45.1

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 96.7
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 19.44
Target Price: PKR 36

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 151.89
Target Price: PKR 248

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 277.6
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 89.63
Target Price: PKR 142.70

Indus Motors (INDU) – BUY 
Current Price: PKR 1,491.25
Target Price: PKR 2,069

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 57.9
Target Price: PKR 61.7

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 118.2
Target Price: PKR 152.5

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 13.3
Target Price: PKR 17.1

Lucky Cement (LUCK) – BUY 
Current Price: PKR 512.04
Target Price: PKR 827

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   201.35
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 52.61
Target Price: PKR 107

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,500.1
Target Price: PKR 1,959.7

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 51.27
Target Price: PKR 74

Nishat Chunian Ltd. (NCL) – BUY 
Current Price: PKR 47.23
Target Price: PKR 57.15

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 23.6
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 132.46
Target Price: PKR 174

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 26.0
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 150.77
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 33.99
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 40.99
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 203.90
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 278.10
Target Price: PKR 395

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 328.33
Target Price: PKR 399.08

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 307.8
Target Price: PKR 505.0

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 94.7
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 157.91
Target Price: PKR 238

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

Companies Results (Mar - Jun 2018)

Kot Addu Power Company Limited (KAPCO)
Profit: 4005.138 million
EPS: 4.55
Div/Bonus: 48%

Habib Arkady (HAL)
Profit: 41.20 million
EPS: 1.03
Div/Bonus: 25%

Ghani Global Glass Limited (GGGL)
Loss: 43 million
EPS: -0.80
Div/Bonus: NIL

Ghani Gases Limited (GGL)
Profit: 52.907 million
EPS: 0.79
Div/Bonus: 5%

Pakistan Reinsurance (PAKRI)
Profit: 329.922 million
EPS: 0.91
Div/Bonus: NIL

Dynea Pakistan Limited (DYNO)
Profit: 45.754 million
EPS: 0.37
Div/Bonus: 130%


National Bank Of Pakistan Limited (NBP)
Profit: 7597.751 million
EPS: 3.57
Div/Bonus: NIL


Mari Gas Company Limited (MARI)
Profit: 4589.708 million
EPS: 41.63
Div/Bonus: 25%, 10%B

Cherat Packaging Limited (CPPL)
Proft: 252.015 million
EPS: 7.50
Div/Bonus: 50%, 15%B


Meezan Bank (MEBL)
Proft: 1062.902 million
EPS: 2.08
Div/Bonus: 15%, 10%B

National Refinery Limited (NRL)
Proft: 201.541 million
EPS: 2.52
Div/Bonus: 100%

Attock Refinery Limited (ATRL)
Loss: 649.072 million
EPS: -7.61
Div/Bonus: 25%B

Attock Petroleum Limited (APL)
Profit: 1391.800 million
EPS: 16.78
Div/Bonus: 250%, 20%B


Pakistan State Oil (PSO)
Profit: 2236.518 million
EPS: 6.86
Div/Bonus: 50%, 20%B


Shell Pakistan (SHEL)
Profit: 247.412 million
EPS: 2.31
Div/Bonus: 70%

Pakistan Stock Exchange (PSX) Weekly Analysis 2 September, 2018

BUY recommendations are:  ASTL, FATIMA, GWLC, HBL, INDU, LUCK, MCB, MLCF, NBP, NML, OGDC, PAEL, PIOC, PPL, PSMC and UBL.

Top gainers of last week were: HASCOL, FFBL, NBP, BAFL, and APL.

Top losers of last week were: MLCF, CHCC, PIOC, LUCK, and FFC.

Top Volume Leaders of last week: EPCL, NRSL, AGL, STPL, and UNITY.

The Pakistan Stock Exchange (PSX) market index went downhill in four of the five trading sessions. KSE-100 index closed on 41,742 by losing 846 points or 1.99 percent. While KSE-30 index closed on 20,491 by losing 521 points.

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


  • Fearing gas price hike and its spillover effects on industries, investor sentiments had turned negative even before the ECC meeting
  • An inconclusive outcome with regards to fertilizer inventories, circular debt clearance and postponement of gas price hike led to further selling in the mainboard sectors, ramping the index down for rest of the week 
  • Volumes however improved 19.1%WoW during the outgoing week to daily average of 177.48mn shares
  • World Bank delegation emphasizing that Pakistan needs to focus on private sector policies for a longer time horizon to encourage private investors, while committing an indicative financing of US$11bn in CAS’ 2014-19
  • Moody’s identifying Pakistan as a country most vulnerable to US$ appreciation
  • Pakistan’s budget deficit widening to PkR2.26trn or 6.6% of GDP in FY18
  • Federal Cabinet setting up six committees to introduce reforms in different sectors and to carve out a new province from Punjab
  • Recent data from EAD showing that Pakistan has received US$439mn loans from various international lenders in Jul’18
  • Foreigners continued to offload their stake in domestic equities with net outflow of US$10.0mn in the outgoing week
  • Next ECC meeting (scheduled in the mid of week) in which pending decisions on key areas (i.e. gas pricing and circular debt) would impact market accordingly
  • A visit from US delegation led by Secretary of the State Mike Pompeo is of key strategic importance, where positive developments could improve investors’ confidence

Following are few BUY recommendations:

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 77.46
Target Price: PKR 128

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 33.71
Target Price: PKR 45.1

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 20.64
Target Price: PKR 36

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 151.03
Target Price: PKR 248

Indus Motors (INDU) – BUY 
Current Price: PKR 1,513.21
Target Price: PKR 2,069

Lucky Cement (LUCK) – BUY 
Current Price: PKR 540.78
Target Price: PKR 827

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   201.23
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 52.29
Target Price: PKR 107

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 52.34
Target Price: PKR 74

Nishat Mills (NML) – BUY 
Current Price: PKR 135.45
Target Price: PKR 174

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 152.46
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 33.99
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 46.02
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 208.30
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 283.25
Target Price: PKR 620

United Bank Limited (UBL) – BUY 
Current Price: PKR 158.03
Target Price: PKR 238

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 19 August, 2018

BUY recommendations are:  ABL, APL, ASTL, DGKC, FATIMA, FCCL, FFBL, GWLC, HBL, HUBC, INDU, KAPCO, LUCK, MCB, MLCF, NBP, NCL, NML, OGDC, PAEL, PIOC, PPL, PSMC, PSO, UBL.

Top gainers of last week were: APL, PSO, ABL, FFC, and EFOODS.

Top losers of last week were: PSMC, HBL, DGKC, GWLC, and PIOC.

Top Volume Leaders of last week: BOP, PAEL, UNITY, LOTCHEM, and WTL.

The Pakistan Stock Exchange (PSX) market index was volatile for most part of the week (KSE-100 index lost 881pts during first three sessions), market made decent recovery on the last trading day of the outgoing week (+486pts) to close at 42,447pts (down 0.92%WoW). KSE-100 index closed on 42,447 by losing 395 points or 0.92 percent. While KSE-30 index closed on 20,927 by losing 249 points.

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


  • Fitch Ratings raising concerns about Pakistan’s economic challenges and IMF program coupled with news regarding legal actions against cement companies and Mansha group, weighed on overall investor’s sentiment
  • Higher than expected payouts from Attock group of companies (APL, ATRL, POL & ACPL announced 20% bonus issue)
  • Average daily traded volumes at bourse also declined by 22.58%WoW to 161.22mn shares with 1) BOP (52.5mn shares), 2) PAEL (34.7mn shares), 3) UNITY (29.8mn shares), 4) LOTCHEM (28.1mn shares) and 5) WTL (27.3mn shares) leading the board
  • IMF ruled out the possibility that it would deny Pakistan a bailout package under US influence
  • Overseas Pakistani workers remitted US$1.93bn in Jul’19 compared to US$1.54bn received in Jul’17
  • PAMA released sales data for Jul’18, where car and light commercial vehicle (LCV) sales depicted 9%YoY growth to 21,344 units
  • PBS data showed that Pakistan’s trade deficit widened by US$3.19bn during Jul’18, where exports went up by 1.8%YoY while imports declined by 15% YoY
  • SBP revealed that Pakistan’s foreign debt and liabilities soared by 14%YoY to US$95.1bn in FY18
  • Foreigners remained net sellers during the week, with net outflows of US$6.55mn compared to US$38.63mn outflows in the preceding week
  • Smooth transition of National and Provincial assemblies with Imran Khan comfortably becoming 22nd Prime Minister of Pakistan will be key highlight of the upcoming week, strengthening investor’s sentiment 
  • Moreover, market will continue to take direction from the ongoing results season where major companies scheduled to announce financial results next week include FCCL, PKGS, DAWH, FABL and INDU

Following are few BUY recommendations:

Allied Bank Ltd (ABL) – BUY 
Current Price: PKR 106.73
Target Price: PKR 125.5

Attock Petroleum (APL) – BUY 
Current Price: PKR 606.17
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 77.46
Target Price: PKR 128

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 117.75
Target Price: PKR 194

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 34.32
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 25.62
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 40.17
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 21.49
Target Price: PKR 36

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 151.74
Target Price: PKR 248

HUBCO (HUBC) – BUY 
Current Price: PKR 96.39
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,515.97
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 58.08
Target Price: PKR 65

Lucky Cement (LUCK) – BUY 
Current Price: PKR 570.57
Target Price: PKR 827

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   201.77
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 58.28
Target Price: PKR 107

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 51.53
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 51.32
Target Price: PKR 69

Nishat Mills (NML) – BUY 
Current Price: PKR 136.66
Target Price: PKR 174

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 152.98
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 35.88
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 51.03
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 212.22
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 304.11
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 345.59
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 163.77
Target Price: PKR 238

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 11 August, 2018

BUY recommendations are:  ABL, ACPL, AKBL, APL, ASTL, DGKC, FATIMA, FCCL, FFBL, GWLC, HBL, HCAR, HUBC, INDU, KAPCO, KOHC, LOTCHEM, LUCK, MARI, MCB, MLCF, MTL, NBP, NCL, NML, NPL, OGDC, PAEL, PIOC, PPL, PSMC, PSO, SEARL, SNGP and UBL.

Top gainers of last week were: INDU, MLCF, PIOC, LUCK and DGKC.

Top losers of last week were: PSMC, HASCOL, NBP, POL and ABL.

Top Volume Leaders of last week: LOTCHEM, PAEL, EPCL, FCCL and PIBTL.

The Pakistan Stock Exchange (PSX) market index volumes staggered, largely inconsistent with mid-earnings season activity receding 26.6%WoW to average 208.2mn shares/day. KSE-100 index closed on 42,842 by gaining 337 points or 0.7 percent. While KSE-30 index closed on 21,176 by gaining 164 points.

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


  • Pakistan plans to borrow more than $4 billion from the Saudi-backed Islamic Development Bank (IDB) as part of its attempts to restore dangerously low stocks of foreign currency, reported through a foreign business journal with the Jeddah-based bank yet to make a formal offer
  • Caretaker Prime Minister Justice Nasir-ul-Mulk has formally recommended August 13 (Monday) for the first session of the National Assembly in the summary sent to the President
  • A bipartisan group of 16 US senators urged the Trump administration to block the IMF from bailing out countries that have obtained loans from China under its infrastructure development plan mentioning Pakistan among countries that have accepted billions of dollars in loans from China 
  • Asad Umar, the likely finance minister has stated an aim, to separate economic matters from politics, vowing on Tuesday to give administrative independence to key government institutions and public sector enterprises, through the formation of a sovereign wealth fund, in a bid to turn around their fortune 
  • Earnings are expected to continue driving sentiment as index blue chips PSO, ENGRO, and APL announce results


Following are few BUY recommendations:

Allied Bank Ltd (ABL) – BUY 
Current Price: PKR 104.96
Target Price: PKR 125.5

Attock Cement Ltd (ACPL) – BUY 
Current Price: PKR 167.43
Target Price: PKR 195.4

Askari Bank Ltd (AKBL) – BUY 
Current Price: PKR 22.85
Target Price: PKR 28.2

Attock Petroleum (APL) – BUY 
Current Price: PKR 575.23
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 79.41
Target Price: PKR 128

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 124.33
Target Price: PKR 194

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

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 25.89
Target Price: PKR 39

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

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 22.57
Target Price: PKR 36

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 160.95
Target Price: PKR 248

Honda Atlas Cars (Pak) Ltd. (HCAR) – BUY 
Current Price: PKR 290.49
Target Price: PKR 671.6

HUBCO (HUBC) – BUY 
Current Price: PKR 96.73
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,582.03
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 59.15
Target Price: PKR 65

Kohat Cement Company (KOHC) – BUY
Current Price: PKR 131.73
Target Price: PKR 169.4

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY
Current Price: PKR 14.46
Target Price: PKR 15.9

Lucky Cement (LUCK) – BUY 
Current Price: PKR 570.58
Target Price: PKR 827

Mari Petroleum (MARI) – BUY 
Current Price: PKR   1544.92
Target Price: PKR 2130

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   205.50
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 59.69
Target Price: PKR 107

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1202.97
Target Price: PKR 1604

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 52.47
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 53.75
Target Price: PKR 69

Nishat Mills (NML) – BUY 
Current Price: PKR 140.94
Target Price: PKR 174

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 29.19
Target Price: PKR 39.1

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 152.55
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 39.99
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 53.53
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 212.45
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 327.29
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 336.71
Target Price: PKR 392

Searle Company Ltd. (SEARL) – BUY 
Current Price: PKR 334
Target Price: PKR 505

Sui Northern Gas Pipeline Ltd. (SNGP) – BUY 
Current Price: PKR 105.40
Target Price: PKR 163.1

United Bank Limited (UBL) – BUY 
Current Price: PKR 163.78
Target Price: PKR 238

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 5 August, 2018

BUY recommendations are:  ABL, ACPL, AKBL, APL, ASTL, DGKC, FATIMA, FCCL, FFBL, GWLC, HBL, HCAR, HUBC, INDU, KAPCO, KOHC, LOTCHEM, LUCK, MARI, MCB, MLCF, MTL, NBP, NCL, NML, NPL, OGDC, PAEL, PIOC, PPL, PSMC, PSO, SEARL, SNGP and UBL.

Top gainers of last week were: ASTL, KAPCO, NBP, MLCF, and FFBL.

Top losers of last week were: UBL, HBL, CHCC, MCB, and PIOC.

Top Volume Leaders of last week: DSIL, EPCL, WTL, PIBTL, and PAEL.

The Pakistan Stock Exchange (PSX) market index continuing with it’s last week positive momentum KSE-100 index gained another 770pts on first trading session of the week. However, US State Secretary Mike Pompeo's statement raising concerns regarding IMF program and dismal banking sector results overshadowed the election relief rally, with KSE-100 index closing at 42,505pts (down 0.7%WoW). KSE-100 index closed on 42,505 by losing 281 points. While KSE-30 index closed on 21,012 by losing 324 points.

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


  • Average daily traded volume during the week jumped 20.8%WoW to 283.7mn shares
  • Chinese influx of ~US$2.0bn and extension of US$4.5bn oil financing facility by IDA, helped ease off pressure on the currency parity where currency appreciated 3.6% during the week in the interbank market with the parity settling at PkR124/US$ 
  • Owing to ~US$2.0bn inflow from China, FX reserves held by the central bank surged to US$10.3bn (up 14.9%WoW) while reserves held by the commercial bank remained stable at US$6.7bn (marginally up by US$12mn)
  • Headline inflation surged to forty-five months high at 5.8%YoY, primarily driven by higher oil prices accompanied by elevated food index (3.5%YoY) and housing rent index (5.95%YoY)
  • During Multi-party conference, leaders of various political parties expressed grievances over the election results while voiced their intention to form the government with their own representatives
  • NEPRA determined Rs1.172/kWh reduction in power rates for consumers of K-Electric under its profit claw back mechanism for FY15
  • Market will continue to take direction from the ongoing results season where major companies scheduled to announce their financial results include EFERT, ABL, GSKCH and LOTCHEM


Following are few BUY recommendations:

Allied Bank Ltd (ABL) – BUY 
Current Price: PKR 106.50
Target Price: PKR 125.5

Attock Cement Ltd (ACPL) – BUY 
Current Price: PKR 147.89
Target Price: PKR 195.4

Askari Bank Ltd (AKBL) – BUY 
Current Price: PKR 23.08
Target Price: PKR 28.2

Attock Petroleum (APL) – BUY 
Current Price: PKR 555.91
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 78.61
Target Price: PKR 128

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 152.43
Target Price: PKR 194

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 34.96
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 24.67
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 39.58
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 22.80
Target Price: PKR 36

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 162.05
Target Price: PKR 248

Honda Atlas Cars (Pak) Ltd. (HCAR) – BUY 
Current Price: PKR 282.85
Target Price: PKR 671.6

HUBCO (HUBC) – BUY 
Current Price: PKR 97.99
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,409.71
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 59.17
Target Price: PKR 65

Kohat Cement Company (KOHC) – BUY
Current Price: PKR 124.16
Target Price: PKR 169.4

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY
Current Price: PKR 13.73
Target Price: PKR 15.9

Lucky Cement (LUCK) – BUY 
Current Price: PKR 532.50
Target Price: PKR 827

Mari Petroleum (MARI) – BUY 
Current Price: PKR   1479.27
Target Price: PKR 2130

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   204.10
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 54.48
Target Price: PKR 107

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1179.50
Target Price: PKR 1604

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 53.78
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 51.67
Target Price: PKR 69

Nishat Mills (NML) – BUY 
Current Price: PKR 139.28
Target Price: PKR 174

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 30.50
Target Price: PKR 39.1

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 152.43
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 39.52
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 49.14
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 214.24
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 338
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 336.56
Target Price: PKR 392

Searle Company Ltd. (SEARL) – BUY 
Current Price: PKR 331
Target Price: PKR 505

Sui Northern Gas Pipeline Ltd. (SNGP) – BUY 
Current Price: PKR 97.49
Target Price: PKR 163.1

United Bank Limited (UBL) – BUY 
Current Price: PKR 165.24
Target Price: PKR 238

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 29 July, 2018

BUY recommendations are:  ABL, ACPL, AKBL, APL, ASTL, CHCC, DGKC, FATIMA, FCCL, FFBL, GWLC, HBL, HCAR, HUBC, INDU, KAPCO, KOHC, LOTCHEM, LUCK, MARI, MCB, MLCF, MTL, NBP, NCL, NML, NPL, OGDC, PAEL, PIOC, PPL, PSMC, PSO, SEARL, SNGP and UBL.

Top gainers of last week were: PIOC, ASTL, GWLC, FCCL, and EFOODS.

Top losers of last week were: PSMC, HASCOL, APL, FFC, and HUBC.

Top Volume Leaders of last week: PIOC, BOP, KEL, PIBTL, and LOTCHEM.

The Pakistan Stock Exchange (PSX) market index rebounded sharply from a tumultuous pre-election run-up, rising for all four sessions of the shortened week. KSE-100 index closed on 42,786 by gaining 1564 points or 3.8 percent. While KSE-30 index closed on 21,336 by gaining 938 points.

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


  • As the process of post-election flash-points gains steam (appointment of reserved members, by-election preparations), market dynamics are likely to hang in the balance. Further down the line, as the PTI-led government firms up its cabinet, legislative priorities and policy imperatives, investors are likely to be see-saw based on perceived outcomes for sectors, capital markets and the domestic investment environment
  • Election proceedings dominated investor sentiment, guiding stock price escalations as polling formalities were completed with limited violence and sporadic occurrences of documented discrepancies
  • Average traded volumes over the week jumped 7.04% WoW to 234.9mn shares/day
  • Citing a slew of economic challenges, MNA elect Asad Umar stated that all options, including approaching the IMF were on the table with urgency of reforms expected to be at the forefront of a PTI-led government
  • The country's total liquid foreign exchange reserves increased by US$46mn during the last week ending at US$15.73bn while SBP's reserves decreased by US$53mn to US$9.01bn
  • SNGP has reportedly refused to import Re-Gasified Liquefied Natural Gas until the Power Division commits to off-take on firm take-and-pay basis
  • June'18 figures released by the PBS shows a 2%YoY drop in textile exports for the month as GoP efforts to boost exports hit roadblocks
  • The GoP has released PkR32bn in cash support for promoting exports of textile and clothing under the special PM Package aimed at accelerating exports of value added goods


Following are few BUY recommendations:

Allied Bank Ltd (ABL) – BUY 
Current Price: PKR 109.95
Target Price: PKR 125.5

Attock Cement Ltd (ACPL) – BUY 
Current Price: PKR 144.74
Target Price: PKR 195.4

Askari Bank Ltd (AKBL) – BUY 
Current Price: PKR 24.09
Target Price: PKR 28.2

Attock Petroleum (APL) – BUY 
Current Price: PKR 559.58
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 71.67
Target Price: PKR 128

Cherat Cement (CHCC) – BUY 
Current Price: PKR 94.78
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 114.69
Target Price: PKR 194

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 35.90
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 24.13
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 37.62
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 21.81
Target Price: PKR 36

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 179.66
Target Price: PKR 248

Honda Atlas Cars (Pak) Ltd. (HCAR) – BUY 
Current Price: PKR 293.66
Target Price: PKR 671.6

HUBCO (HUBC) – BUY 
Current Price: PKR 94.75
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,354.96
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 54.75
Target Price: PKR 65

Kohat Cement Company (KOHC) – BUY
Current Price: PKR 128.03
Target Price: PKR 169.4

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY
Current Price: PKR 13.61
Target Price: PKR 15.9

Lucky Cement (LUCK) – BUY 
Current Price: PKR 549.02
Target Price: PKR 827

Mari Petroleum (MARI) – BUY 
Current Price: PKR   1433.69
Target Price: PKR 2130

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   213.63
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 51.07
Target Price: PKR 107

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1146.56
Target Price: PKR 1604

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 50.03
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 51.67
Target Price: PKR 69

Nishat Mills (NML) – BUY 
Current Price: PKR 139.28
Target Price: PKR 174

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 30.42
Target Price: PKR 39.1

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 152.43
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 38.30
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 51.01
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 214.24
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 345.18
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 322.34
Target Price: PKR 392

Searle Company Ltd. (SEARL) – BUY 
Current Price: PKR 319.49
Target Price: PKR 505

Sui Northern Gas Pipeline Ltd. (SNGP) – BUY 
Current Price: PKR 100.08
Target Price: PKR 163.1

United Bank Limited (UBL) – BUY 
Current Price: PKR 186.03
Target Price: PKR 238

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 22 July, 2018

BUY recommendations are:  ABL, ACPL, AKBL, APL, ASTL, CHCC, DGKC, ENGRO, FATIMA, FCCL, FFBL, GWLC, HBL, HCAR, HUBC, INDU, KAPCO, KOHC, LOTCHEM, LUCK, MARI, MCB, MLCF, MTL, NBP, NCL, NML, NPL, OGDC, PAEL, PIOC, PPL, PSMC, PSO, SEARL, SNGP and UBL.

Top gainers of last week were: UBL, MLCF, NCL, ASTL, and DGKC.

Top losers of last week were: NBP, PSMC, FFBL, GWLC and KAPCO.

Top Volume Leaders of last week:  BOP, FCCL, KEL, LOTCHEM, and EPCL.

The Pakistan Stock Exchange (PSX) market index opened the week on a negative note, plunging 605pts on its first trading session, however, fresh liquidity deployed by local AMCs rendered the much-needed support, with KSE-100 index closing the week at 41,222pts (up 951pts/2.36%WoW). While KSE-30 index closed on 20,398 by gaining 533 points.

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


  • With the country heading to General Elections 2018 (scheduled on Jul 25’18), political euphoria once again likely to dominate in the week ahead. In this regard, market activity could switch gear down, with investors staying on sidelines till election results. Post-election, market will react positively to strong mandate irrespective of which political party (PML-N or PTI) takes the lead
  • If we consider the last five elections, the domestic bourse has generated an average of 31% return during the first year of the government. This analysis includes 2008 which generated negative returns of 59% attributable to the global financial crisis,” according to the investment strategy report
  • Reeling on political crisis (further intensified by the arrest of Nawaz Sharif and his daughter), market opened the week on a negative note
  • Steel and cements garnered investors’ interest, as the respective sector increased retail prices passing on rupee depreciation impact
  • Trading activity at the bourse substantially improved during the week, with avg. daily turnover increasing to 219.46mn shares (up 67.92%WoW)
  • Current account deficit for FY18 reached record levels of US$18.0bn, reflecting a growth of 42.6%YoY from US$12.6bn in FY17, while GoP financed the external imbalance through US$11.4bn borrowings
  • Rupee further lost 5.4% against Greenback on Monday, with PKR/US$ parity closing the week at PkR128.5
  • Total FX reserves declined by US$402mn, ending at US$15.7bn while central bank reserves plunged 4.4%WoW to record at US$9.1bn (implying import cover of 1.9 months)
  • SBP withdrew advance payment facility for importers and imposed 100% cash margin requirement on non-essential items
  • FBR has allowed sales tax adjustment paid at customs clearance stage by steel melters on import of raw materials including various categories of remeltable iron and steel scrap

Following are few BUY recommendations:

Allied Bank Ltd (ABL) – BUY 
Current Price: PKR 105.98
Target Price: PKR 125.5

Attock Cement Ltd (ACPL) – BUY 
Current Price: PKR 135.29
Target Price: PKR 195.4

Askari Bank Ltd (AKBL) – BUY 
Current Price: PKR 23.68
Target Price: PKR 28.2

Attock Petroleum (APL) – BUY 
Current Price: PKR 550
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 62.35
Target Price: PKR 128

Cherat Cement (CHCC) – BUY 
Current Price: PKR 87.59
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 102.83
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 316.54
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 33.48
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 21.37
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 36.12
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 19.11
Target Price: PKR 36

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 170.71
Target Price: PKR 248

Honda Atlas Cars (Pak) Ltd. (HCAR) – BUY 
Current Price: PKR 287.48
Target Price: PKR 671.6

HUBCO (HUBC) – BUY 
Current Price: PKR 91.01
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,319.60
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 53.91
Target Price: PKR 65

Kohat Cement Company (KOHC) – BUY
Current Price: PKR 114.77
Target Price: PKR 169.4

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY
Current Price: PKR 12.83
Target Price: PKR 15.9

Lucky Cement (LUCK) – BUY 
Current Price: PKR 506.56
Target Price: PKR 827

Mari Petroleum (MARI) – BUY 
Current Price: PKR   1460.40
Target Price: PKR 2130

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   208.28
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 46.04
Target Price: PKR 107

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1098.47
Target Price: PKR 1604

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 48.96
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 49.07
Target Price: PKR 69

Nishat Mills (NML) – BUY 
Current Price: PKR 136.87
Target Price: PKR 174

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 29.00
Target Price: PKR 39.1

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 148.57
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 32.48
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 44.32
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 207.74
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 356.25
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 294.48
Target Price: PKR 392

Searle Company Ltd. (SEARL) – BUY 
Current Price: PKR 300.43
Target Price: PKR 505

Sui Northern Gas Pipeline Ltd. (SNGP) – BUY 
Current Price: PKR 90.84
Target Price: PKR 163.1

United Bank Limited (UBL) – BUY 
Current Price: PKR 177.16
Target Price: PKR 238

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