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

Pakistan Stock Exchange (PSX) Weekly Analysis 15 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: UCAPM, KOHP, AMBL, PPVC, FCIBL, SBL, SERF, DWSM, TSBL and RUBY.

Top losers of last week were: FNBM, DAAG, OML, MUBT, EPCLR, SFAT, SASML, POML, LPGL and AABS.

Top Volume Leaders of last week:  BOP, EPCLR, KEL, FABL, EPCL, PTC, FFL, UBL, AKBL and UNITY.

The Pakistan Stock Exchange (PSX) market index had a rough start but better ending. KSE-100 index closed at 40,271pts by losing just 13 points or 0.03%. While KSE-30 index has closed on 19,865 by gaining 91 points.

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


  • The State Bank of Pakistan on Saturday raised its interest rate by a sharp 100 basis points to 7.5 per cent, the biggest push in 10 years, and flagged concerns about economic uncertainties, which remain the key factor for policy tightening this year
  • An analyst from Elixir Securities said that the banks would continue to remain in limelight owing to expected interest rate hike
  • In comparison to the previous week, average daily volume increased 18% to 131 million, while average daily traded value grew by 41% to $49.3 million
  • Monday kicked off on a bearish note, as the market remained gloomy due to the Supreme Court’s verdict in the Avenfield apartment case against former Prime Minister Nawaz Sharif and Maryam Nawaz
  • Pakistan Army’s press conference regarding holding the elections on time also contributed to stability at the stock market
  • In terms of sectors, positive contribution came from banks (up 417 points), fertilizers (40 points) and chemicals (20 points). On the other hand, sectors that remained under pressure were led by cements (down 137 points) as coal prices touched $109/ton, food and personal care products (76 points), and oil and gas marketing companies (55 points)
  • Foreigners continued to remain net sellers for the 10th successive week, offloading stocks worth $26.6 million due to the uncertain political and economic climate
  • On the local front, mutual funds also remained net sellers of $9.5 million
  • State Bank of Pakistan released its 3QFY18 report, urea sales inched up 22% in June, FIA sought Summit Bank’s equity details from SBP and SECP, fiscal deficit increased to 4.3% of GDP in July-Marc period and trade deficit hit an all-time high of $37.67 billion

Following are few BUY recommendations:

Allied Bank Ltd (ABL) – BUY 
Current Price: PKR 104.93
Target Price: PKR 125.5

Attock Cement Ltd (ACPL) – BUY 
Current Price: PKR 120.99
Target Price: PKR 195.4

Askari Bank Ltd (AKBL) – BUY 
Current Price: PKR 22.55
Target Price: PKR 28.2

Attock Petroleum (APL) – BUY 
Current Price: PKR 559.75
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 57.26
Target Price: PKR 128

Cherat Cement (CHCC) – BUY 
Current Price: PKR 84.77
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 86.25
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 314.22
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 32.42
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 20.22
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 36.40
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 19.38
Target Price: PKR 58

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 167.94
Target Price: PKR 248

Honda Atlas Cars (Pak) Ltd. (HCAR) – BUY 
Current Price: PKR 282.46
Target Price: PKR 671.6

HUBCO (HUBC) – BUY 
Current Price: PKR 89.74
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,321.79
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 54.03
Target Price: PKR 65

Kohat Cement Company (KOHC) – BUY
Current Price: PKR 105.45
Target Price: PKR 169.4

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY
Current Price: PKR 11.22
Target Price: PKR 15.9

Lucky Cement (LUCK) – BUY 
Current Price: PKR 482.75
Target Price: PKR 827

Mari Petroleum (MARI) – BUY 
Current Price: PKR   1433.53
Target Price: PKR 2130

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   204.02
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 41.98
Target Price: PKR 107

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1050.42
Target Price: PKR 1604

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 50.58
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 46.22
Target Price: PKR 69

Nishat Mills (NML) – BUY 
Current Price: PKR 132.25
Target Price: PKR 174

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 28.00
Target Price: PKR 39.1

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 149.03
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 33.05
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 41.65
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 207.48
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 363.20
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 300.42
Target Price: PKR 392

Searle Company Ltd. (SEARL) – BUY 
Current Price: PKR 301.74
Target Price: PKR 505

Sui Northern Gas Pipeline Ltd. (SNGP) – BUY 
Current Price: PKR 85.53
Target Price: PKR 163.1

United Bank Limited (UBL) – BUY 
Current Price: PKR 160.19
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 7 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: KAPCO, NBP, EFERT, MCB, and BAFL.

Top losers of last week were: NML, EFOODS, MLCF, CHCC, and ASTL.

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

The Pakistan Stock Exchange (PSX) market index was volatile, During a week where accountability court reserved its verdict on Avenfield reference case and finally ended with severe punishments & hefty fines on Nawaz and family, investors chose to remain on the sidelines with volumes sliding down by 39.1%WoW to 110.65mn shares, while the benchmark KSE-100 index closed at 40,284pts on Friday, down 3.88% WoW. While KSE-30 index has closed on 19,774 by losing 795 points or 3.87%.

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


  • Concentrated interest was witnessed in K-Electric (KEL) as the regulator announced revised tariff, albeit giving a meagre PkR0.047/KwH raise (under O&M expenses) over the previous one, where the scrip gathered volumes of 79.37mn shares
  • Extension in tax amnesty scheme till Jul 31’18, with latest reports claiming collection of PkR100bn so far
  • China reportedly lending US$1bn to support Pakistan’s forex reserves, with SBP reserves reported at US$9.79bn
  • GoP raising MS and HSD prices by PkR7.54/14/liter to PkR99.50/119.31/liter
  • Fitch warning gov’t authorities about the deteriorating economic situation, specifically forex reserves, and revising growth assumption for FY19 to 5.0% from 5.5% previously
  • Inflation for Jun’18 spiking up to 5.2%YoY, averaging at 3.92%YoY for FY18


Following are few BUY recommendations:

Allied Bank Ltd (ABL) – BUY 
Current Price: PKR 98
Target Price: PKR 125.5

Attock Cement Ltd (ACPL) – BUY 
Current Price: PKR 124.28
Target Price: PKR 195.4

Askari Bank Ltd (AKBL) – BUY 
Current Price: PKR 21.42
Target Price: PKR 28.2

Attock Petroleum (APL) – BUY 
Current Price: PKR 559.88
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 61.16
Target Price: PKR 128

Cherat Cement (CHCC) – BUY 
Current Price: PKR 85.82
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 108.62
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 307.26
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 31.41
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 22.44
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 36.17
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 19.80
Target Price: PKR 58

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 160.77
Target Price: PKR 248

Honda Atlas Cars (Pak) Ltd. (HCAR) – BUY 
Current Price: PKR 300.75
Target Price: PKR 671.6

HUBCO (HUBC) – BUY 
Current Price: PKR 88.96
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,335.69
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 54.56
Target Price: PKR 65

Kohat Cement Company (KOHC) – BUY
Current Price: PKR 110.76
Target Price: PKR 169.4

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY
Current Price: PKR 11.79
Target Price: PKR 15.9

Lucky Cement (LUCK) – BUY 
Current Price: PKR 484.30
Target Price: PKR 827

Mari Petroleum (MARI) – BUY 
Current Price: PKR   1452.41
Target Price: PKR 2130

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   195.53
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 46.66
Target Price: PKR 107

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1106.13
Target Price: PKR 1604

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 47.21
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 46.68
Target Price: PKR 69

Nishat Mills (NML) – BUY 
Current Price: PKR 131.67
Target Price: PKR 174

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 28.25
Target Price: PKR 39.1

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 148.10
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 34.26
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 43.79
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 205.08
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 378.65
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 304.71
Target Price: PKR 392

Searle Company Ltd. (SEARL) – BUY 
Current Price: PKR 310.44
Target Price: PKR 505

Sui Northern Gas Pipeline Ltd. (SNGP) – BUY 
Current Price: PKR 90.79
Target Price: PKR 163.1

United Bank Limited (UBL) – BUY 
Current Price: PKR 161.33
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 1 July, 2018

BUY recommendations are:  ABL, ACPL, APL, ASTL, CHCC, DGKC, ENGRO, FATIMA, FCCL, FFBL, GWLC, GTYR, HASCOL, HBL, HCAR, HMB, HTL, HUBC, INDU, KAPCO, KOHC, LPL, LUCK, MARI, MCB, MLCF, NATF, NBP, NCL, NCPL, NML, NPL, OGDC, PAEL, PIOC, PKGP, POL, POWER, PPL, PSMC, PSO, and UBL.

Top gainers of last week were: HASCOL, KEL, ASTL, ABL and INDU.

Top losers of last week were: NML, PMSC, APL, KAPCO, and CHCC.

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

The Pakistan Stock Exchange (PSX) market index staged recovery on emerging clarity over Pakistan’s status in the FATF’s watch-list (being placed only in grey list, later confirmed by FO). KSE-100 index has closed on 41,911 by gaining 274 points or 0.66%. While KSE-30 index has closed on 20,569 by gaining 79 points or 0.39%.

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


  • GoP notifying increase in profit margins of Oil Marketing Companies (OMCs) and dealers for HSD (+PkR0.26/liter) and MoGAS (+0.09/liter)
  • Government also increased the fuel (Petrol/Diesel etc.) prices
  • GoP reportedly raising PkR36bn in tax revenue under the amnesty program for undeclared local and foreign assets
  • Gas utilities demanding an increase in their average prescribed prices for FY19 by PkR357/109/mmbtu (SNGP/SSGC) based on their revenue requirements, however, consumer gas prices will officially be hiked post gov’t notification
  • Pakistan’s foreign exchange reserves falling 3.30%WoW to US$16.243bn during the week ended Jun 22’18


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 103
Target Price: PKR 122

Attock Cement (ACPL) – BUY 
Current Price: PKR 134.48
Target Price: PKR 261

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 48.73
Target Price: PKR 83

Attock Petroleum (APL) – BUY 
Current Price: PKR 589.99
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 70.55
Target Price: PKR 128

Cherat Cement (CHCC) – BUY 
Current Price: PKR 97.23
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 114.49
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 313.86
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 32.40
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 22.85
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 38.60
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 20.92
Target Price: PKR 58

General Tyre & Rubber (GTYR) – BUY 
Current Price: PKR 166.20
Target Price: PKR 231

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 313.76
Target Price: PKR 372

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 166.44
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 316.39
Target Price: PKR 707

Habib Metro (HMB) – BUY 
Current Price: PKR 43.35
Target Price: PKR 50

Hi-Tech Lubricant (HTL) – BUY 
Current Price: PKR 101.32
Target Price: PKR 116

HUBCO (HUBC) – BUY 
Current Price: PKR 92.16
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,421.46
Target Price: PKR 2,069

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

Kohat Cement (KOHC) – BUY
Current Price: PKR 123.07
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 19.21
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 507.93
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,506
Target Price: PKR 2,040 

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   197.77
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 50.74
Target Price: PKR 107

National Foods (NATF) – BUY 
Current Price: PKR 318
Target Price: PKR 413

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 47.37
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 47.48
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 28.14
Target Price: PKR 50

Nishat Mills (NML) – BUY 
Current Price: PKR 140.92
Target Price: PKR 174

Nishat Power (NPL) – BUY 
Current Price: PKR 29.64
Target Price: PKR 51

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 155.62
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 39.78
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 46.86
Target Price: PKR 109

Pakgen Power (PKGP) – BUY 
Current Price: PKR 19.28
Target Price: PKR 34

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 671.79
Target Price: PKR 714

Power Cement (POWER) – BUY 
Current Price: PKR 8.35
Target Price: PKR 16

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 214.90
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 393.38
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 318.31
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 168.98
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 24 June, 2018

BUY recommendations are:  ABL, ACPL, APL, ASTL, CHCC, DGKC, ENGRO, FATIMA, FCCL, FFBL, GWLC, GTYR, HASCOL, HBL, HCAR, HMB, HTL, HUBC, INDU, KAPCO, KOHC, LPL, LUCK, MARI, MCB, MLCF, NATF, NBP, NCL, NCPL, NML, NPL, OGDC, PAEL, PIOC, PKGP, POL, POWER, PPL, PSMC, PSO, and UBL.

Top gainers of last week were: FATIMA, FFC, EFERT, APL, and FFBL.

Top losers of last week were: MLCF, ASTL, HASCOL, HBL and LUCK.

Top Volume Leaders of last week: KEL, POWER, TRG, LOTCHEM, and SMBL.

The Pakistan Stock Exchange (PSX) market index the benchmark KSE-100 Index stayed in the red territory this week as well. KSE-100 index has closed on 41,637 by losing 2044 points or -4.68%. While KSE-30 index has closed on 20,490 by losing 1076 points or 4.99%.

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


  • Rising concerns regarding global growth amid ongoing trade war (US and China) and domestic macroeconomic headwinds were major reasons behind the overall poor performance of the market during the week
  • With the conclusion of Ramadan, average daily traded volumes the at bourse increased encouragingly by 29%WoW to 170.07mn shares
  • The caretaker FM commented that the amnesty scheme for declaration of assets will not be extended beyond the Jun 30’18 deadline
  • Country’s current account deficit rising to US$15.961bn in 11MFY18, an increase of 43%YoY
  • Moody’s Investors Service downgrading Pakistan’s rating outlook to negative from stable
  • SECP notifying new Anti- Money Laundering and Countering Financing of Terrorism Regulations 2018 to satisfy the upcoming FATF meeting
  • Local urea prices posting a sharp increase toward PkR1,600/bag in the last few week amid looming urea shortage in upcoming months
  • Any decision with regards to the review of Pakistan’s action plan by the FATF in its plenary meeting (scheduled next week from Jun 24-29) can continue to weigh on market sentiment


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 99.02
Target Price: PKR 122

Attock Cement (ACPL) – BUY 
Current Price: PKR 143.20
Target Price: PKR 261

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 49.22
Target Price: PKR 83

Attock Petroleum (APL) – BUY 
Current Price: PKR 604.49
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 66.16
Target Price: PKR 128

Cherat Cement (CHCC) – BUY 
Current Price: PKR 105
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 113.08
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 310.32
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 31.71
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 23.12
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 38.61
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 20.83
Target Price: PKR 58

General Tyre & Rubber (GTYR) – BUY 
Current Price: PKR 156.42
Target Price: PKR 231

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 287.03
Target Price: PKR 372

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 163.86
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 312.25
Target Price: PKR 707

Habib Metro (HMB) – BUY 
Current Price: PKR 40.37
Target Price: PKR 50

Hi-Tech Lubricant (HTL) – BUY 
Current Price: PKR 89.54
Target Price: PKR 116

HUBCO (HUBC) – BUY 
Current Price: PKR 93.84
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,363.53
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 57.19
Target Price: PKR 65

Kohat Cement (KOHC) – BUY
Current Price: PKR 123.50
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 19.07
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 500.29
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,487
Target Price: PKR 2,040 

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   197.78
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 51.57
Target Price: PKR 107

National Foods (NATF) – BUY 
Current Price: PKR 310
Target Price: PKR 413

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 47.95
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 47.47
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 25.17
Target Price: PKR 50

Nishat Mills (NML) – BUY 
Current Price: PKR 143.51
Target Price: PKR 174

Nishat Power (NPL) – BUY 
Current Price: PKR 28.42
Target Price: PKR 51

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 156.54
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 39.78
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 45.67
Target Price: PKR 109

Pakgen Power (PKGP) – BUY 
Current Price: PKR 18.81
Target Price: PKR 34

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 647.95
Target Price: PKR 714

Power Cement (POWER) – BUY 
Current Price: PKR 8.49
Target Price: PKR 16

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 212.76
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 402.87
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 311.03
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 169.13
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 18 June, 2018

BUY recommendations are:  ABL, ACPL, APL, ASTL, CHCC, DGKC, ENGRO, FATIMA, FCCL, FFBL, GWLC, GTYR, HASCOL, HBL, HCAR, HMB, HTL, HUBC, INDU, KAPCO, KOHC, LPL, LUCK, MARI, MCB, MLCF, NATF, NBP, NCL, NCPL, NML, NPL, OGDC, PAEL, PIOC, PKGP, POL, POWER, PPL, PSMC, PSO, and UBL.

Top gainers of last week were: ENGRO, NML, PSO, OGDC, and PPL.

Top losers of last week were: FCCL, PIOC, DGKC, MLCF, and ASTL.

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

The Pakistan Stock Exchange (PSX) market index remained lackluster most part of the current week. KSE-100 index has closed on 43,681 by losing 267 points or -0.61%. While KSE-30 index has closed on 21,566 by gaining 98 points or 0.45%.

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


  • Leadership in National Security Committee meeting, reaffirming Pakistan's commitment to meet the international agency's requirements in upcoming FATF meeting later this month
  • SC sets 30-day deadline for verdict in Nawaz cases, after extending the deadline given to the accountability court of Islamabad
  • CJP observing that the court has no objection to the Amnesty Scheme and gave one month time to the committee to come up with suggestions against their reservations
  • SECMC claiming to unearth the first layer of coal from its open-pit coal mine in Thar Coal Block II, five months ahead of schedule
  • GoP making special allocation of PkR25bn to start construction of Bhasha Dam and Mohmand Dam

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 99.82
Target Price: PKR 122

Attock Cement (ACPL) – BUY 
Current Price: PKR 156
Target Price: PKR 261

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 51
Target Price: PKR 83

Attock Petroleum (APL) – BUY 
Current Price: PKR 610.51
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 73.95
Target Price: PKR 128

Cherat Cement (CHCC) – BUY 
Current Price: PKR 107.78
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 120.33
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 321.21
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 30.29
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 23.75
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 39.24
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 21.53
Target Price: PKR 58

General Tyre & Rubber (GTYR) – BUY 
Current Price: PKR 166.57
Target Price: PKR 231

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 317.93
Target Price: PKR 372

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 181.24
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 350.70
Target Price: PKR 707

Habib Metro (HMB) – BUY 
Current Price: PKR 44
Target Price: PKR 50

Hi-Tech Lubricant (HTL) – BUY 
Current Price: PKR 95.36
Target Price: PKR 116

HUBCO (HUBC) – BUY 
Current Price: PKR 98.15
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,459.56
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 58.49
Target Price: PKR 65

Kohat Cement (KOHC) – BUY
Current Price: PKR 130.40
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 19.12
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 542.02
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,562
Target Price: PKR 2,040 

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   206.12
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 58.94
Target Price: PKR 107

National Foods (NATF) – BUY 
Current Price: PKR 300
Target Price: PKR 413

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 49.12
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 49.55
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 26
Target Price: PKR 50

Nishat Mills (NML) – BUY 
Current Price: PKR 153.54
Target Price: PKR 174

Nishat Power (NPL) – BUY 
Current Price: PKR 29
Target Price: PKR 51

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 167
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 39.78
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 47.48
Target Price: PKR 109

Pakgen Power (PKGP) – BUY 
Current Price: PKR 19.10
Target Price: PKR 34

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 693.39
Target Price: PKR 714

Power Cement (POWER) – BUY 
Current Price: PKR 8.60
Target Price: PKR 16

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 221.17
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 433
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 330.30
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 179.86
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 10 June, 2018

BUY recommendations are:  ABL, ACPL, APL, ASTL, CHCC, DGKC, ENGRO, FATIMA, FCCL, FFBL, GWLC, GTYR, HASCOL, HBL, HCAR, HMB, HTL, HUBC, INDU, KAPCO, KOHC, LPL, LUCK, MARI, MCB, MLCF, NATF, NBP, NCL, NCPL, NML, NPL, OGDC, PAEL, PIOC, PKGP, POL, POWER, PPL, PSMC, PSO, and UBL.

Top gainers of last week were: UBL, HBL, BAFL, LUCK and FATIMA.

Top losers of last week were: KAPCO, NCL, PSMC, INDU and KEL.

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

The Pakistan Stock Exchange (PSX) market index continued its bull run into the 2nd week post announcement of caretaker setup. KSE-100 index has closed on 43,948 by gaining 1035 points or 2.41%. While KSE-30 index has closed on 21,664 by gaining 673 points or 3.21%.

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


  • Volumes returned over perceived political calmness despite shorter Ramadan days, averaging 183.79mn vs. 119.05mn in the preceding week, up by 54%WoW
  • Supreme Court suspending a Lahore High Court (LHC) judgment that annulled the new nomination papers, paving the way for timely election
  • Headline inflation for May’18 ticking up to 4.2%YoY as the impact of petroleum price hike and rupee depreciation became more visible
  • World Bank revising down Pakistan’s GDP growth to 5% against officially envisaged target of 6.2% for FY19, citing adverse impact of tighter policies
  • Petroleum products sales reaching 2.45mn tons in May’18, up 31%MoM/1%YoY

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 100
Target Price: PKR 122

Attock Cement (ACPL) – BUY 
Current Price: PKR 160.03
Target Price: PKR 261

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 50.45
Target Price: PKR 83

Attock Petroleum (APL) – BUY 
Current Price: PKR 609.60
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 82.12
Target Price: PKR 128

Cherat Cement (CHCC) – BUY 
Current Price: PKR 114.14
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 131.30
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 309.86
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 30.02
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 25.49
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 39.22
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 22.25
Target Price: PKR 58

General Tyre & Rubber (GTYR) – BUY 
Current Price: PKR 170.44
Target Price: PKR 231

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 314.63
Target Price: PKR 372

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 184.88
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 409.33
Target Price: PKR 707

Habib Metro (HMB) – BUY 
Current Price: PKR 43.92
Target Price: PKR 50

Hi-Tech Lubricant (HTL) – BUY 
Current Price: PKR 99.73
Target Price: PKR 116

HUBCO (HUBC) – BUY 
Current Price: PKR 96.26
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,518.55
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 58.71
Target Price: PKR 65

Kohat Cement (KOHC) – BUY
Current Price: PKR 137.25
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 19.11
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 579.15
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,531
Target Price: PKR 2,040 

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   213.32
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 64.76
Target Price: PKR 107

National Foods (NATF) – BUY 
Current Price: PKR 294.34
Target Price: PKR 413

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 49.85
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 49.88
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 24.94
Target Price: PKR 50

Nishat Mills (NML) – BUY 
Current Price: PKR 148.65
Target Price: PKR 174

Nishat Power (NPL) – BUY 
Current Price: PKR 28
Target Price: PKR 51

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 162.36
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 39.78
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 51.34
Target Price: PKR 109

Pakgen Power (PKGP) – BUY 
Current Price: PKR 19
Target Price: PKR 34

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 680.30
Target Price: PKR 714

Power Cement (POWER) – BUY 
Current Price: PKR 8.91
Target Price: PKR 16

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 216.11
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 449.85
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 320.03
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 182.47
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 4 June, 2018

BUY recommendations are:  ABL, ACPL, APL, ASTL, CHCC, DGKC, ENGRO, FATIMA, FCCL, FFBL, GWLC, GTYR, HASCOL, HBL, HCAR, HMB, HTL, HUBC, INDU, KAPCO, KOHC, LPL, LUCK, MARI, MCB, MLCF, NATF, NBP, NCL, NCPL, NML, NPL, OGDC, PIOC, PKGP, POL, POWER, PPL, PSMC, PSO, and UBL.

Top gainers of last week were: ATRL, NRL, COLG, SEARL, PAEL, TRG, GADT, SHFA, NML and PAKT.

Top losers of last week were: PIBTL, PICT, IBFL, EFUG, PIOC, NPL, FML, MLCF, PSX and MEBL.

Top Volume Leaders of last week: PAEL, TRG, BOP, PIBTL, FABL, UNITY, KEL, FCCL, DCR, and DGKC.

The Pakistan Stock Exchange (PSX) market index extended its gains to close 2% WoW higher at 42,913 levels as sentiments remained positive on smooth transition from current government to caretaker set-up during the week. KSE-100 index has closed on 42,913 by gaining 839 points or 1.99 %. While KSE-30 index has closed on 20,991 by gaining 371 points or 1.80 %.

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


  • Nasir-ul-Mulk, a former Chief Justice of Pakistan, was named as caretaker Prime minister for a period of two months to hold general election on July 25
  • Banks posted gains as the State Bank of Pakistan (SBP) increased Policy rate by 50bps to 6.50% on account of growing external account pressures ahead
  • With the month ending, FBR posted revenue collection numbers for May-2018, which reflected a shortfall to government’s target
  • The government also announced extension of Export package for another three years
  • World Bank is reported to give US$400mn for green projects in Punjab
  • China has stated to roll over US$500mn loan that expires in Jun-2018
  • Cement prices increase in retail market
  • Pak Suzuki Motor Co (PSMC) set to increase car prices by Rs30,000-Rs80,000
  • Deposit Protection Corp starts today, which has been introduced to protect small depositors
  • Exxon, Eni Pakistan, Oil & Gas Development Co (OGDC) and Pakistan Petroleum Ltd (PPL) sign deed of assignment for offshore Indus
  • Attock Refinery (ATRL) and National Refinery (NRL) remained among top performers during the week, where both gained around 24% and 17% respectively in their values amid attractive valuation and restoration of FO supplies to power plants in Pakistan
  • Searle Pakistan (SEARL) gained around 12% during the week, as news was floating in market regarding build up of position by Milan based asset manager in SEARL
  • Foreigners were net sellers during the week amounting to US$17.5mn vs. net selling of US$26.1mn last week. On the other hand, amongst local investors Banks were net sellers of US$4.7mn whereas insurance were net buyer of US$30.4mn
  • Pakistan has borrowed US$9.6bn from external sources during 10MFY18 of which US$1.6bn was through new foreign loans during the month of April'18
  • The ECC of the Cabinet approved a package of five-year tax exemptions and a number of other incentives for former tribal region under federal and provincial administration
  • Foreign investors went against market movement and turned out as net sellers of USD17.52mn, whereas Insurance companies were the major buyers among local investors


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY
Current Price: PKR 99.66
Target Price: PKR 122

Attock Cement (ACPL) – BUY
Current Price: PKR 154.62
Target Price: PKR 261

Adamjee Insurance (AICL) – BUY
Current Price: PKR 49.91
Target Price: PKR 83

Attock Petroleum (APL) – BUY
Current Price: PKR 598.77
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY
Current Price: PKR 81.03
Target Price: PKR 128

Cherat Cement (CHCC) – BUY
Current Price: PKR 113.20
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY
Current Price: PKR 125.88
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY
Current Price: PKR 303.66
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY
Current Price: PKR 28.56
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY
Current Price: PKR 25
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY
Current Price: PKR 38.79
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY
Current Price: PKR 21.99
Target Price: PKR 58

General Tyre & Rubber (GTYR) – BUY
Current Price: PKR 169.56
Target Price: PKR 231

Hascol Petroleum (HASCOL) – BUY
Current Price: PKR 308.53
Target Price: PKR 372

Habib Bank Limited (HBL) – BUY
Current Price: PKR 172.91
Target Price: PKR 248

Honda Cars (HCAR) – BUY
Current Price: PKR 402.43
Target Price: PKR 707

Habib Metro (HMB) – BUY
Current Price: PKR 43
Target Price: PKR 50

Hi-Tech Lubricant (HTL) – BUY
Current Price: PKR 95.83
Target Price: PKR 116

HUBCO (HUBC) – BUY
Current Price: PKR 97.35
Target Price: PKR 138.7

Indus Motors (INDU) – BUY
Current Price: PKR 1,559.99
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 59
Target Price: PKR 65

Kohat Cement (KOHC) – BUY
Current Price: PKR 135.67
Target Price: PKR 248

Lalpir Power (LPL) – BUY
Current Price: PKR 19.52
Target Price: PKR 30

Lucky Cement (LUCK) – BUY
Current Price: PKR 545.56
Target Price: PKR 827

MARI Petroleum (MARI) – BUY
Current Price: PKR 1,528
Target Price: PKR 2,040

Muslim Commercial Bank (MCB) – BUY
Current Price: PKR   205.67
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY
Current Price: PKR 64.51
Target Price: PKR 107

National Foods (NATF) – BUY
Current Price: PKR 296
Target Price: PKR 413

National Bank of Pakistan (NBP) – BUY
Current Price: PKR 49.07
Target Price: PKR 74

Nishat Chunian (NCL) – BUY
Current Price: PKR 50
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY
Current Price: PKR 26.18
Target Price: PKR 50

Nishat Mills (NML) – BUY
Current Price: PKR 146.34
Target Price: PKR 174

Nishat Power (NPL) – BUY
Current Price: PKR 28
Target Price: PKR 51

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 159.21
Target Price: PKR 193

Pioneer Cement Limited (PIOC) – BUY
Current Price: PKR 50.97
Target Price: PKR 109

Pakgen Power (PKGP) – BUY
Current Price: PKR 19.69
Target Price: PKR 34

Pakistan Oilfields (POL) – BUY
Current Price: PKR 673.74
Target Price: PKR 714

Power Cement (POWER) – BUY
Current Price: PKR 8.78
Target Price: PKR 16

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 214.02
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY
Current Price: PKR 457
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY
Current Price: PKR 317.90
Target Price: PKR 392

United Bank Limited (UBL) – BUY
Current Price: PKR 169.09
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 27 May, 2018

BUY recommendations are:  ABL, ACPL, APL, ASTL, CHCC, DGKC, ENGRO, FATIMA, FCCL, FFBL, GWLC, GTYR, HASCOL, HBL, HCAR, HMB, HTL, HUBC, INDU, KAPCO, KOHC, LPL, LUCK, MARI, MCB, MLCF, NATF, NBP, NCL, NCPL, NML, NPL, OGDC, PIOC, PKGP, POL, POWER, PPL, PSMC, PSO, and UBL.

Top gainers of last week were: EFOODS, GWLC, MLCF, BAFL, ENGRO, HUBC, FFC, BAHL, and PPL.

Top losers of last week were: PSMC, LUCK, APL, INDU, NATF, KTML, COLG, OGDC and KEL.

Top Volume Leaders of last week: FABL, PAEL, FCCL, BOP and FDIBL.

The Pakistan Stock Exchange (PSX) market index managed to close in the green (+450pts/1.1%WoW) to 42,074 points, amid attractive valuation that enticed investors to make fresh entry in the market.  KSE-100 index has closed on 42,074 by gaining 450 points or 1.08 %. While KSE-30 index has closed on 20,620 by gaining 306 points or 1.51 %.

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


  • State Bank of Pakistan raises key interest rate by 50 basis points to 6.5% in the monetary policy 
  • 10MFY18 CAD widening 50% to US$14.035bn on the back of increasing merchandise imports outweighing exports
  • ECP proposing July 25th-27th as possible dates for the upcoming General Election'18
  • Foreign reserves reach below US$17bn mark after declining US$415mn during the last week, after having incurred debt servicing cost of ~US$0.5bn
  • Auto sector is consistently underperforming as Govt. has barred non-filers from buying a new car that is likely to hit sales of the assemblers. INDU has lost around 18% since budget announcement date, while HCAR and PSMC has lost ~15% and 9% respectively
  • Foreigners were net sellers during the week amounting to US$26.1mn vs. net selling of US$20mn last week. On the other hand, amongst local investors mutual funds were net sellers of US$4.4mn whereas insurance were net buyer of US$23.2mn
  • Meezan Bank (MEBL) notified exchange regarding successful divestment of 2.49% stake of its majority shareholder (Noor Financial) to various foreign institutional investors at price of Rs70 per share
  • The National Electric Power Regulatory Authority (NEPRA) on Thursday ordered ex‐Wapda distribution companies to refund 62 paisa per unit to consumers for overcharging them about Rs6.5 billion in April

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 97.50
Target Price: PKR 122

Attock Cement (ACPL) – BUY 
Current Price: PKR 166.50
Target Price: PKR 261

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 48.31
Target Price: PKR 83

Attock Petroleum (APL) – BUY 
Current Price: PKR 593.57
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 75.01
Target Price: PKR 128

Cherat Cement (CHCC) – BUY 
Current Price: PKR 112.81
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 125.65
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 297.34
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 27.51
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 24.53
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 37.50
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 23.31
Target Price: PKR 58

General Tyre & Rubber (GTYR) – BUY 
Current Price: PKR 162.97
Target Price: PKR 231

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 304.11
Target Price: PKR 372

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 170.61
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 400.88
Target Price: PKR 707

Habib Metro (HMB) – BUY 
Current Price: PKR 43.50
Target Price: PKR 50

Hi-Tech Lubricant (HTL) – BUY 
Current Price: PKR 90.66
Target Price: PKR 116

HUBCO (HUBC) – BUY 
Current Price: PKR 98.03
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,556.59
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 56.68
Target Price: PKR 65

Kohat Cement (KOHC) – BUY
Current Price: PKR 136.08
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 19.61
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 539.19
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,510
Target Price: PKR 2,040 

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   199.98
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 66.54
Target Price: PKR 107

National Foods (NATF) – BUY 
Current Price: PKR 300
Target Price: PKR 413

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 49.19
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 48.08
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 25.94
Target Price: PKR 50

Nishat Mills (NML) – BUY 
Current Price: PKR 133.89
Target Price: PKR 174

Nishat Power (NPL) – BUY 
Current Price: PKR 29
Target Price: PKR 51

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 159.88
Target Price: PKR 193

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 53
Target Price: PKR 109

Pakgen Power (PKGP) – BUY 
Current Price: PKR 19.95
Target Price: PKR 34

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 662.13
Target Price: PKR 714

Power Cement (POWER) – BUY 
Current Price: PKR 8.74
Target Price: PKR 16

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 214.97
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 440
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 302.28
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 170.06
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 21 May, 2018

BUY recommendations are:  ABL, ACPL, APL, ASTL, CHCC, DGKC, ENGRO, FATIMA, FCCL, FFBL, GWLC, GTYR, HASCOL, HBL, HCAR, HMB, HTL, HUBC, INDU, KAPCO, KOHC, LPL, LUCK, MARI, MCB, MLCF, NATF, NBP, NCL, NCPL, NML, NPL, OGDC, PIOC, PKGP, POL, POWER, PPL, PSMC, PSO, and UBL.

Top gainers of last week were: JDWS, MUREB, JSCL, DCR, HMB, SSGC, ATLH, IBFL, COLG and PMPK.

Top losers of last week were: UNITY, PAEL, ATRL, CSAP, HCAR, SEARL, TRG, LUCK, FCCL and INIL.

Top Volume Leaders of last week: KEL, PAEL, FCCL, BOP, TRG, EPCL, SSGC, UNITY, DGKC and EFERT.

The Pakistan Stock Exchange (PSX) market index remained in shambles for the third consecutive week in a row with benchmark KSE-100 index splashing red on the screen in all trading sessions. KSE-100 index has closed on 41,624 by losing -1971 points or - 4.52 %. While KSE-30 index has closed on 20,314 by losing -1065 points or -4.98 %.

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


  • Bears slammed volatile political climate post controversial comments by ex-PM Nawaz Sharif made over the weekend on Mumbai terror attack as it added towards overall uncertainty surrounding the upcoming general elections 
  • Recent numbers showing continued downward spiral in FX reserves (State Bank of Pakistan held US$10.79bn as on May 11, 2018, implying import cover of less than 2.5 months)
  • International oil prices hitting US$80/bbl mark
  • Foreign exchange: SBP's reserves plunge 3.26% to USD10.8bn
  • Foreign selling in Commercial banks kept whole sector under pressure during the week and eroded 346 points from the index. Among scrips HBL lost 4 5% UBL ( 5%) and MCB ( 1%) during the week
  • Engro Polymers (EPCL) has announced right shares of 37% at price of Rs22 per share (inclusive of premium of PKR 12/share) for expansion of its PVC capacity by 100k tons to 295k tons and debottlenecking of 50k tons of VCM
  • The ground breaking for the 780-kilometre long portion of Turkmenistan-Afghanistan-Pakistan-India (Tapi) Pipeline has been put on hold for the next couple of months, delaying initiation of civil work that was earlier planned to be done in December last year
  • Foreign direct investment (FDI) has grown at a slower pace during the current financial year compared to the same period last year
  • Kuwait’s Noor Financial Investment said on Wednesday a foreign financial firm has shown interest in buying part of its stake in Pakistan’s leading Islamic lender Meezan Bank
  • Government has consumed one billion dollars of short-term loans taken from Chinese banks within a fortnight to settle repayments of old debts
  • As per the recent SBP data, Pakistan external debt has reached to a record of US$91.8bn (30.8% of GDP) reflecting an increase of US$8.3bn in 9MFY18


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 94.90
Target Price: PKR 122

Attock Cement (ACPL) – BUY 
Current Price: PKR 158.64
Target Price: PKR 261

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 49.84
Target Price: PKR 83

Attock Petroleum (APL) – BUY 
Current Price: PKR 610.07
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 75.32
Target Price: PKR 128

Cherat Cement (CHCC) – BUY 
Current Price: PKR 113.43
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 126.32
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 288.10
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 28.03
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 24.31
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 37.84
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 22.01
Target Price: PKR 58

General Tyre & Rubber (GTYR) – BUY 
Current Price: PKR 164.99
Target Price: PKR 231

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 293.06
Target Price: PKR 372

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 167.93
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 403
Target Price: PKR 707

Habib Metro (HMB) – BUY 
Current Price: PKR 43.75
Target Price: PKR 50

Hi-Tech Lubricant (HTL) – BUY 
Current Price: PKR 90.99
Target Price: PKR 116

HUBCO (HUBC) – BUY 
Current Price: PKR 94.51
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,594.94
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 55.76
Target Price: PKR 65

Kohat Cement (KOHC) – BUY
Current Price: PKR 134.68
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 19.25
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 556.83
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,520
Target Price: PKR 2,040 

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   197.45
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 63.54
Target Price: PKR 107

National Foods (NATF) – BUY 
Current Price: PKR 330
Target Price: PKR 413

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 47.27
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 48.53
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 26.07
Target Price: PKR 50

Nishat Mills (NML) – BUY 
Current Price: PKR 131.14
Target Price: PKR 174

Nishat Power (NPL) – BUY 
Current Price: PKR 28.90
Target Price: PKR 51

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 161.56
Target Price: PKR 193

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 51.91
Target Price: PKR 109

Pakgen Power (PKGP) – BUY 
Current Price: PKR 19.21
Target Price: PKR 34

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 650.77
Target Price: PKR 714

Power Cement (POWER) – BUY 
Current Price: PKR 9.01
Target Price: PKR 16

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 206.38
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 459.48
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 303.59
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 166.54
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