Pakistan Stock Exchange (PSX) Weekly Analysis 10 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: FFBL, APL, PTC, INDU and ABL.

Top losers of last week were: HASCOL, EFOODS, MLCF, UBL, and HBL.

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

The Pakistan Stock Exchange (PSX) market index came into red zone this week to close at 41,389pts. KSE-100 index closed on 41,389 by losing 615 points, while KSE-30 index closed on 19,880 by losing 390 points.

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


  • Much of the weakness during the week has been driven by lack of clarity on financial package from China, and correction in int’l oil prices (Brent: down 4.2%WoW) that weighed on index heavy Oil & Gas sector
  • Average daily traded volume also declined by 39.03%WoW to 196.51mn shares
  • Asian Infrastructure Investment Bank (AIIB) expressing willingness to invest US$400mn in the upcoming 10-year Pakistan Infrastructure Bond for mega projects
  • FM Asad Umar saying Pakistan has come out of a balance of payment crisis after Saudi Arabia and China equally filled a gap of US$12bn in its payments
  • China expects to park about US$2bn in Pakistan’s foreign exchange reserves and extended a offer to triple it imports from Pakistan
  • GoP commencing talks with the IMF over the country’s possibly 13th bailout program to buoy its foreign exchange reserves
  • APCMA reporting, overall dispatches of the cement sector goes up by 5.37%YoY to 15.35mn tons during 4MFY19
  • News flows relating to IMF negotiations (to be concluded by Nov 20’18) and clarity over Chinese package would influence investor sentiments next week
  • Semi-annual MSCI review is due on Nov 13’18 and any revision in Pakistan stock(s) composition could have consequent effect on that stock(s) performance


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 105.05
Target Price: PKR 121

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 127.72
Target Price: PKR 139.7

Attock Petroleum (APL) – BUY 
Current Price: PKR 495.08
Target Price: PKR 530.3

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 25.0
Target Price: PKR 29.2

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 67.81
Target Price: PKR 92.0

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 52.5
Target Price: PKR 69.6

Cherat Cement Co. Ltd. (CHCC) – BUY 
Current Price: PKR 75.74
Target Price: PKR 96

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 108.51
Target Price: PKR 122

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 82.79
Target Price: PKR 90.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 35.59
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 41.23
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 98.1
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 18.97
Target Price: PKR 36

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 227.50
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 147.14
Target Price: PKR 170

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 260.83
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 95.36
Target Price: PKR 136.9

Indus Motors (INDU) – BUY 
Current Price: PKR 1,385.31
Target Price: PKR 1,426.6

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 100.74
Target Price: PKR 152.5

Lucky Cement (LUCK) – BUY 
Current Price: PKR 488.03
Target Price: PKR 605.8

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   198.19
Target Price: PKR 231.4

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 51.21
Target Price: PKR 65

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1 ,421.3
Target Price: PKR 1,781.5

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,007.65
Target Price: PKR 1,255.1

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 48.83
Target Price: PKR 57.74

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 25.50
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 150.95
Target Price: PKR 167.5

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 28.73
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 152.52
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 31.46
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 50.45
Target Price: PKR 60

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 526.40
Target Price: PKR 657

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 174.57
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 234.49
Target Price: PKR 346

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 274.85
Target Price: PKR 399.08

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 313.25
Target Price: PKR 505.0

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 90.40
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 151.20
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 3 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: MLCF, DGKC, CHCC, NCL, and PIOC.

Top losers of last week were: POL, PPL, FFC, FATIMA, and EFOODS.

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

The Pakistan Stock Exchange (PSX) market index closes the week with five bullish sessions as PM eyes financial support from China. KSE-100 index closed on 42,004 by gaining 1448 points, while KSE-30 index closed on 20,270 by gaining 684 points.

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


  • Increase of PKR 5 per litre in petrol and PKR 6.37 per litre in diesel prices
  • Advisor to PM on commerce asking cement manufacturers to be ready for an unexpected surge in demand due to PM’s housing scheme
  • Investors anticipated support packages from China and UAE as well, while giving little regard to the ongoing country-wide protests by the religious groups
  • Increase in automobile prices by major local assemblers
  • 7% inflation in October against inflation of PKR 5.12% in September
  • Healthy volumes were witnessed at the bourse where average traded shares leapt up by 7.07%WoW to 322.32mn
  • Among market participants' foreigners remained net seller during the week amounting to USD 12.62mn, primarily contributed by corporates amounting to USD 10.79mn.
  • Privatization commission coming up with an updated list of entities including State Life Insurance, SME Bank, First Women Bank, OGDC, PPL and Mari Petroleum while dropping loss making entities including PIA, PSM and the discos amongst others 
  • GoP reviving the ADB sponsored smart metering project worth US$900mn initially for 2 DISCOS
  • Pakistan jumping 11 places on the World Bank’s Doing Business Global ranking to reach 136th among 190 countries
  • Arrival of IMF team on Nov 7’18 for talks on a bailout package
  • Pakistan’s total foreign exchange reserves falling to US$14.18bn including SBP’s reserves at US$7.78bn

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 105.05
Target Price: PKR 121

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 133.70
Target Price: PKR 139.7

Attock Petroleum (APL) – BUY 
Current Price: PKR 474.31
Target Price: PKR 530.3

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 24.97
Target Price: PKR 29.2

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 69.18
Target Price: PKR 92.0

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 52.47
Target Price: PKR 69.6

Cherat Cement Co. Ltd. (CHCC) – BUY 
Current Price: PKR 79.92
Target Price: PKR 96

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 111.07
Target Price: PKR 122

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 81.38
Target Price: PKR 90.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 36.21
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 38.77
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 98.09
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 19.32
Target Price: PKR 36

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 286.25
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 147.14
Target Price: PKR 170

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 259.64
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 95.36
Target Price: PKR 136.9

Indus Motors (INDU) – BUY 
Current Price: PKR 1,371.22
Target Price: PKR 1,426.6

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 109.81
Target Price: PKR 152.5

Lucky Cement (LUCK) – BUY 
Current Price: PKR 498.08
Target Price: PKR 605.8

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   198.19
Target Price: PKR 231.4

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 54.61
Target Price: PKR 56.6

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,421.32
Target Price: PKR 1,781.5

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,005.81
Target Price: PKR 1,255.1

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 48.83
Target Price: PKR 57.74

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 25.90
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 150.95
Target Price: PKR 167.5

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 27.51
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 156.47
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 32.15
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 55.22
Target Price: PKR 60

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 533.50
Target Price: PKR 657

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 181.37
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 234.93
Target Price: PKR 346

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 283.69
Target Price: PKR 399.08

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 324.06
Target Price: PKR 505.0

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 93
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 151.20
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 27 October, 2018

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

Top gainers of last week were: KAPCO, GWLC, EFOODS, NML, and KEL.

Top losers of last week were: PSMC, NBP, FATIMA, POL, and UBL.

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

The Pakistan Stock Exchange (PSX) market index retracing lost ground following elevated sentiments from the "Davos in the Desert" US$6bn Saudi funding facility and expectations of additional bilateral assistance, weakened by sub-sequent earnings misses from index heavy Banks, the KSE-100 index closed at 40,556pts up 5.5%WoW. KSE-100 index closed on 40,556 by gaining 2126 points or 5.5 percent, while KSE-30 index closed on 19,586 by gaining 1137 points.

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


  • PM Imran Khan described the US$6bn bailout package as big relief for Pakistan and vowed to mediate between Saudi Arabia and Yemen to end their ongoing conflict
  • Positive outcome of PM Khan's second visit to Saudi Arabia has perpetuated the notion of further assistance from Malaysia (28th Oct) and China (2nd Nov) where the lack of material financial assistance could depress sentiment
  • FM Asad Umar constituted a seven-member core group to formulate a Memorandum of Economic and Financial Policies for discussion with the IMF aimed at getting financial assistance with the IMF delegation scheduled to visit Islamabad from Nov 7th-20th for discussion on MEFP with Pakistani authorities  
  • After deliberating in at least eight meetings, the government approved PkR1.20/KwH average increase in base tariff at a meeting of the ECC of the cabinet with a cumulative impact of about PkR124bn 
  • PM Imran Khan will pay his first official visit to China from Nov 2-5th at the invitation of the Chinese leadership inking a number of agreements, the Foreign Office announced
  • Global Oil prices dropped more than 1% on Friday, heading for a third weekly loss after Saudi Arabia warned of oversupply
  • Daily traded volumes jumped 51.1% WoW to average 301.0mn


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 101.96
Target Price: PKR 121

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 111.32
Target Price: PKR 139.7

Attock Petroleum (APL) – BUY 
Current Price: PKR 475.49
Target Price: PKR 530.3

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 24.05
Target Price: PKR 29.2

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 62
Target Price: PKR 92.0

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 50.08
Target Price: PKR 69.6

Cherat Cement Co. Ltd. (CHCC) – BUY 
Current Price: PKR 66.05
Target Price: PKR 96

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 94.87
Target Price: PKR 122

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 81.77
Target Price: PKR 90.3

Engro Corporation (ENGRO) – BUY 
Current Price: PKR 330.09
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 36.57
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 37.82
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 99.52
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 18.27
Target Price: PKR 36

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 288.70
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 131.78
Target Price: PKR 170

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 214.86
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 87.24
Target Price: PKR 136.9

Indus Motors (INDU) – BUY 
Current Price: PKR 1,325.48
Target Price: PKR 1,426.6

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 53.98
Target Price: PKR 61.7

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 97.52
Target Price: PKR 152.5

Lucky Cement (LUCK) – BUY 
Current Price: PKR 471.51
Target Price: PKR 605.8

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   191.41
Target Price: PKR 231.4

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 43.15
Target Price: PKR 56.6

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,431.02
Target Price: PKR 1,781.5

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1027.21
Target Price: PKR 1,255.1

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 48.79
Target Price: PKR 57.74

Nishat Chunian Ltd. (NCL) – BUY 
Current Price: PKR 54.88
Target Price: PKR 57.15

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 24.72
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 144.10
Target Price: PKR 167.5

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 26.50
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 157.74
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 31.20
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 47.67
Target Price: PKR 60

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 554.82
Target Price: PKR 657

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 189.19
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 229.18
Target Price: PKR 346

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 264.99
Target Price: PKR 277.5

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 257.72
Target Price: PKR 505.0

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 88.90
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 144.04
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 21 October, 2018

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

Top gainers of last week were: INDU, DGKC, FCCL, EFOODS, and MLCF.

Top losers of last week were: MCB, HBL, KAPCO, FFC, and FATIMA.

Top Volume Leaders of last week:  TRG, LOTCHEM, WTL, EPCL, and BOP.

The Pakistan Stock Exchange (PSX) market index staged a strong recovery in the last three sessions after losing 854 points in the first two trading sessions, as the investor’s regained confidence amid government guidance to address the external woes. KSE-100 index closed on 38,430 by gaining 912 points or 2.4 percent, while KSE-30 index closed on 18,449 by gaining 192 points.

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


  • Average daily volume traded improved by 13% WOW to 199 mn shares however most of it was concentrated in low-priced stocks as average traded value actually declined by 5.2% to USD49mn
  • State Bank of Pakistan foreign exchange reserves declined by 2.6% WoW (USD219mn) to USD8.1bn as at October 12, 2018. The decline came on the back of debt servicing and other official payments. Total liquid forex reserves held by the country stood at USD14.6bn
  • Government intent to rationalize the taxation regime for the capital market has been greeted with a great optimism, improving the market sentiment
  • Finance Minister Asad Umer announcing that the IMF team will visit Pakistan on Nov 07’18 to negotiate potential bailout
  • FBR notifying the regulatory duty on 570 imported items ranging from electronic items, woven fabrics, ceramic items, paper, bars/rods, and iron products
  • Federal cabinet delaying hike in consumer power tariff while announcing uninterrupted gas supply to five zero-rated export sectors
  • Credit rating agency, Moody’s, terming IMF financing facility as a credit positive for Pakistan, an imperative to address macroeconomic imbalance and restore confidence in the economy
  • SBP slashing estimates of GDP growth to 4.5-5% in FY19 (vs. GOP target of 6.2%) considering tough macroeconomic backdrop (i.e. monetary tightening & currency devaluation)
  • Key events to track are PM Imran Khan’s visit to Saudi Arabia (scheduled on Oct 23’18) and IMF team visit to Pakistan on Nov 07’18
  • Result season is in full swing with major players in Banking (NBP, ABL, MCB, & HBL) Cement (FCCL, BWCL, KOHC, & DGKC) Power (KAPCO & HUBC) & Auto sectors (PSMC & INDU) scheduled to announce their results next week

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 97
Target Price: PKR 134.9

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 111.32
Target Price: PKR 167.6

Attock Petroleum (APL) – BUY 
Current Price: PKR 447.93
Target Price: PKR 724.84

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 23.10
Target Price: PKR 29.2

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 59
Target Price: PKR 128

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

Cherat Cement Co. Ltd. (CHCC) – BUY 
Current Price: PKR 60
Target Price: PKR 69.6

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 88
Target Price: PKR 122

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 76
Target Price: PKR 90.3

Engro Corporation (ENGRO) – BUY 
Current Price: PKR 301
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 36
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 35
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 90
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 262.00
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 127
Target Price: PKR 248

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 196.20
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 82.56
Target Price: PKR 142.70

Indus Motors (INDU) – BUY 
Current Price: PKR 1,224
Target Price: PKR 1,864

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 55.19
Target Price: PKR 61.7

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 84.03
Target Price: PKR 152.5

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 16.22
Target Price: PKR 17.1

Lucky Cement (LUCK) – BUY 
Current Price: PKR 435
Target Price: PKR 636

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   179
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 40
Target Price: PKR 65

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,419.48
Target Price: PKR 1,959.7

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 49
Target Price: PKR 57.74

Nishat Chunian Ltd. (NCL) – BUY 
Current Price: PKR 51
Target Price: PKR 57.15

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 22.38
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 132
Target Price: PKR 169

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 24.52
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 148.63
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 25.41
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 44
Target Price: PKR 60

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 523.29
Target Price: PKR 676.29

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 177.50
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 238
Target Price: PKR 346

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 239
Target Price: PKR 399.08

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 246.92
Target Price: PKR 505

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 79.45
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 139
Target Price: PKR 210

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 14 October, 2018

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

Top gainers of last week were: KEL, ASTL, OGDC, PTC and FATIMA.

Top losers of last week were: PSMC, CHCC, PPL, MLCF, and INDU.

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

The Pakistan Stock Exchange (PSX) market index lost another 1,708 points because of fragile economic outlook and the ongoing foreign sell-off. KSE-100 index closed on 37,518 by losing 1,708 points or 4.36 percent, while KSE-30 index closed on 18,257 by losing 821 points.

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


  • Government of Pakistan formally announcing its intention to approach the IMF for a bailout package, with the latter demanding transparency over Pakistan’s external debts including those owed to China
  • ADB announcing US$7.1bn financial package for Pakistan spread over a three year period
  • SBP in its latest data revealing that country’s trade deficit has narrowed by 1.8%YoY to US$8.9bn in 1QFY19
  • Delegation of the Asia Pacific Group (APG) asking Pakistan to do more in order to get out of the grey list of FATF
  • PM Imran Khan launching ‘Naya Pakistan Housing Programme’ pilot project, aimed at building 5mn low-cost housing units across the country
  • Market will continue to take direction from the ongoing results season where major companies scheduled to announce their financial results next week include CHCC, EFOODS, EFERT, ENGRO, UBL, BAHL and MARI


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 95.73
Target Price: PKR 134.9

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 100.57
Target Price: PKR 167.6

Attock Petroleum (APL) – BUY 
Current Price: PKR 425.52
Target Price: PKR 724.84

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 21.62
Target Price: PKR 29.2

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 57.91
Target Price: PKR 128

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 47.51
Target Price: PKR 69.6

Cherat Cement Co. Ltd. (CHCC) – BUY 
Current Price: PKR 59.01
Target Price: PKR 69.6

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 81.45
Target Price: PKR 122

Engro Foods Limited (EFOODS) – BUY 
Current Price: PKR 72.40
Target Price: PKR 84.20

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 72.21
Target Price: PKR 90.3

Engro Corporation (ENGRO) – BUY 
Current Price: PKR 297
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 36.01
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 32.56
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 91.23
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 17.01
Target Price: PKR 36

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 256.11
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 131.35
Target Price: PKR 248

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 181.18
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 82.56
Target Price: PKR 142.70

Indus Motors (INDU) – BUY 
Current Price: PKR 1,048.36
Target Price: PKR 1,864

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 55.19
Target Price: PKR 61.7

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 112.87
Target Price: PKR 152.5

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 12.50
Target Price: PKR 17.1

Lucky Cement (LUCK) – BUY 
Current Price: PKR 425.90
Target Price: PKR 636

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   187.02
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 36.53
Target Price: PKR 65

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,441.89
Target Price: PKR 1,959.7

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 46.12
Target Price: PKR 57.74

Nishat Chunian Ltd. (NCL) – BUY 
Current Price: PKR 49.07
Target Price: PKR 57.15

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 22.47
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 127.45
Target Price: PKR 169

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 24.16
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 148.63
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 38.65
Target Price: PKR 60

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 523.29
Target Price: PKR 676.29

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 177.50
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 282.36
Target Price: PKR 346

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 224.86
Target Price: PKR 399.08

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 255.47
Target Price: PKR 505

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 73.46
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 136.93
Target Price: PKR 210

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 7 October, 2018

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

Top gainers of last week were: HASCOL, HUBC, EFERT, KAPCO, and NCL.

Top losers of last week were: PSO, DGKC, MLCF, ASTL, and INDU.

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

The Pakistan Stock Exchange (PSX) market index lost 911.5pts in the first 4 trading days, Shahbaz Sharif’s arrest by NAB in the Ashiana Housing case on Friday afternoon came as a final nail in the coffin (hard blow to investor sentiments), with KSE-100 index losing another 860.8pts to close the week. KSE-100 index closed on 39,226 by losing 1,773 points or 4.32 percent, while KSE-30 index closed on 19,078 by losing 840 points.

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


  • Shahbaz Sharif’s arrest by NAB in the Ashiana Housing case on Friday afternoon
  • Deferment of electricity rate hike and lack of direction on potential entry in to the IMF program kept trading activity suppressed, shrinking average trading volumes to 113.5mn shares as compared with 124.4mn shares in the previous week
  • Banking sector scrips failed to attract volumes despite a 100bps interest rate hike by SBP in its last monetary policy
  • IMF stressing upon more stringent measures including further currency devaluation, interest rate hikes, revenue collection measures and reforms in the PSEs during its article IV consultations with Pakistani authorities
  • Saudi Arabia’s increasing interest to invest in Pakistan with an MoU signed for the establishment of 500kbpd oil refinery at Gawadar in partnership with PSO
  • GoP once again imposing a ban on purchase of automobiles and property by non-filers
  • OGRA notifying hike in gas rates by ~30-40% for different industrial consumers effective Sep 27’18
  • A sharp drop of US$627mn in SBP reserves due to external debt financing
  • Foreigners dumped US$8.42mn worth of equities in the outgoing week, marking its 23rd week of outflows
  • News flows suggesting GoP extending subsidy to the fertilizer sector post gas rate hike should incite interest in the sector


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 98.75
Target Price: PKR 134.9

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 142.50
Target Price: PKR 167.6

Attock Petroleum (APL) – BUY 
Current Price: PKR 433.20
Target Price: PKR 724.84

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 23.16
Target Price: PKR 29.2

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 58.51
Target Price: PKR 128

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 47.58
Target Price: PKR 69.6

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 90.46
Target Price: PKR 143.1

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 74.99
Target Price: PKR 90.3

Engro Corporation (ENGRO) – BUY 
Current Price: PKR 305.57
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 36.04
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 35.98
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 95.94
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 18.33
Target Price: PKR 36

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 272.53
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 142.05
Target Price: PKR 248

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 223.25
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 87.47
Target Price: PKR 142.70

Indus Motors (INDU) – BUY 
Current Price: PKR 1,227.88
Target Price: PKR 2,069

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 56.03
Target Price: PKR 61.7

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 119.62
Target Price: PKR 152.5

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 12.81
Target Price: PKR 17.1

Lucky Cement (LUCK) – BUY 
Current Price: PKR 480.40
Target Price: PKR 827

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   189.29
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 41.97
Target Price: PKR 107

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,524.92
Target Price: PKR 1,959.7

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 49.75
Target Price: PKR 57.74

Nishat Chunian Ltd. (NCL) – BUY 
Current Price: PKR 50.52
Target Price: PKR 57.15

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 22.45
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 135
Target Price: PKR 174

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 24.30
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 147.32
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 42.06
Target Price: PKR 70

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 540.54
Target Price: PKR 676.29

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 210
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 282.36
Target Price: PKR 395

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 244.06
Target Price: PKR 399.08

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 283.20
Target Price: PKR 505

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 80.97
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 144.98
Target Price: PKR 210

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 September, 2018

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

Top gainers of last week were: PIOC, HBL, POL, PSMC, and NBP.

Top losers of last week were: ASTL, INDU, APL, DGKC, and MLCF.

Top Volume Leaders of last week:  UNITY, DCR, TRG, KEL, and LOTCHEM.

The Pakistan Stock Exchange (PSX) market index was 0.6%WoW lower because of lack of coherent policy direction to address the macro-economic woes continued to weigh on market performance. KSE-100 index closed on 40,999 by losing 321 points or 0.6 percent, while KSE-30 index closed on 19,918 by losing 212 points.

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


  • State Bank of Pakistan has increased interest rate by 1 percent from 7.5 to 8.5 percent in Monetary Policy
  • Foreigners continued to offload their stakes in domestic equities, with net outflow of US$9.43mn during the week
  • NEPRA’s proposal to increase the electricity tariffs (which ECC later deferred until next week) dampened the market sentiment
  • Average daily trading volume slumped 19.9%WoW to 124mn shares during the week
  • FX reserves of the SBP continued to plunge to reach at US$9.04bn (down 3.1%WoW) - a level last seen before US$2bn was loaned out by China
  • Pakistan and Russia signed a ‘memorandum of understanding’ on implementing US$10bn offshore gas pipeline project
  • The government of Saudi Arabia signed grant agreement with Pakistan to finance three infrastructure and energy projects under the umbrella of CPEC
  • International ratings agency Fitch estimated a slowdown in Pakistan’s GDP growth to 4.7%YoY in FY19 owing to external imbalance and monetary tightening
  • SBP highlighted that the factors such as external sector pressures, fiscal vulnerabilities, buildup of price pressure and volatile commodity market pose potential risk to financial stability
  • Key results during the next week include LOADS, BYCO, NCL and SEARL

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 101.92
Target Price: PKR 134.9

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 147.96
Target Price: PKR 167.6

Attock Petroleum (APL) – BUY 
Current Price: PKR 443.85
Target Price: PKR 724.84

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 24.53
Target Price: PKR 29.2

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 64.95
Target Price: PKR 128

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 49.64
Target Price: PKR 69.6

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 102.41
Target Price: PKR 143.1

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 75.49
Target Price: PKR 90.3

Engro Corporation (ENGRO) – BUY 
Current Price: PKR 311.63
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 37.41
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 37.21
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 97.64
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 19.12
Target Price: PKR 36

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 272.39
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 151.37
Target Price: PKR 248

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 254.71
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 87.47
Target Price: PKR 142.70

Indus Motors (INDU) – BUY 
Current Price: PKR 1,398.65
Target Price: PKR 2,069

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 56.58
Target Price: PKR 61.7

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 125.14
Target Price: PKR 152.5

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 13.49
Target Price: PKR 17.1

Lucky Cement (LUCK) – BUY 
Current Price: PKR 512.94
Target Price: PKR 827

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   201.21
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 47.10
Target Price: PKR 107

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,558.33
Target Price: PKR 1,959.7

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 51.94
Target Price: PKR 57.74

Nishat Chunian Ltd. (NCL) – BUY 
Current Price: PKR 51.16
Target Price: PKR 57.15

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 24.66
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 140.59
Target Price: PKR 174

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 26.20
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 152.99
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 43.46
Target Price: PKR 70

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 549.18
Target Price: PKR 676.29

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 213.40
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 309.82
Target Price: PKR 395

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 318.84
Target Price: PKR 399.08

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 315.93
Target Price: PKR 505

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 89.12
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 154
Target Price: PKR 210

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 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