Pakistan Stock Exchange (PSX) Weekly Analysis 25 Dec, 2016

BUY recommendations are ABL, ASC, EFERT, ENGRO, FATIMA, FCCL, FFBL, FFC, INDU, KEL, KOHC, NBP, NML, OGDC, PAEL, PIOC, PSMC, PSO, PTC and TGL.

Top gainers of last week were: HMB, AICL, PSMC, THALL, PAKT, ABL, BAFL, HBL, ATRL, BAHL, MLCF, PSO, and FATIMA.

Top losers of last week were: PIBTL, MEBL, CSAP, CPPL, EFUG, SSGC, GLAXO.

Top Volume Leaders of last week: DSL, PIBTL, EPCL, BOP, POWER, and JSCL.

The Pakistan Stock Exchange (PSX) market index witnessed correction in the latter half of the outgoing going week. KSE-100 index has reached on 46,634 by increasing 49 points or 0.11 %.While KSE-30 index has reached on 25,152 by decreasing -32 points or -0.13 %.

Average daily volumes for the outgoing week posted a decline of 6% WoW to 337mn shares while average daily value decreased 13% WoW to Rs17.2bn/US$164.3mn over the week.

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


  • The Pakistan Stock Exchange (PSX) sold 40% strategic stake to a Chinese consortium at an amount of Rs8.9bn or US$85.5mn, translating into Rs28/share. 
  • Foreigners remained net sellers of US$45.6mn during the week
  • As per news reports, VimpelCom and Dhabi Group announced the completion of Mobilink and Warid deal, after getting approval from the Islamabad High Court (IHC) to merge Pakistan Mobile Communications Limited (Mobilink) and Warid Telecom (Warid). According to the announcement, combined legal entity will be serving over 51mn customers in the country
  • ICI Pakistan (ICI) made an announcement stating that the transaction with respect to acquisition of Cirin Pharmaceuticals (Pvt) Ltd. has been completed and ICI has taken over the control and ownership of the company as a wholly owned subsidiary 
  • Pakistan’s foreign direct investment (FDI) sharply fell 45.2 percent to $459.8 million during the five months of the current fiscal year of 2016/17
  • Dutch company FrieslandCampina Pakistan BV (FC Pakistan) has completed its acquisition of a majority stake in Engro Foods at an estimated price of $446.81 million and the company is expected to bring in expertise and introduce new products
  • PSMC confirmed plans to launch the standard model of Suzuki Celerio in Mar’17 that will replace it Cultus model
  • Prime Minister Mian Nawaz Sharif will inaugurate the Karachi-Lahore Liquefied Natural Gas (LNG) Pipeline project in the first week of January 2017
  • China expressed its intention to set up a steel factory at Gwadar to stimulate the ongoing process of economic development going on in the country in the wake of current CPEC project development 
  • PM Nawaz Sharif brought five key regulatory bodies including OGRA and NEPRA under the administrative control of relevant divisions/ministries 
  • Government of Pakistan raised PkR149.9bn in MTB auction where cut off yields for 3mth and 6mth came in at 5.991% (up 4.4bps) and 6.0109% (up 6.3bps)
  • Competition Appellate Tribunal has dismissed an appeal filed by HASCOL to prevent PSO from acquiring SHEL’s shares in PRL
  • NEPRA granted power generation license to Maple Leaf Power Limited, clearing the way for setting up an imported coal-fired plant of 40MW at an estimated cost of PkR5.5bn
  • Banks performed well during the week as investors anticipated good earnings. HBL (+159.7pts), HMB (+44.6pts), BAHL (+36.2pts) and BAFL (+34.2pts) secured their position as the top 5 index movers
  • Hubco allowed to build two imported coal-based plants
  • Government seeks $200m ADB loan to dualise Lahore-Peshawar railway track


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 119
Target Price: PKR 132

Al Shaheer Corpporation Ltd. (ASC) – BUY 
Current Price: PKR 56.50
Target Price: PKR 82

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 65.41
Target Price: PKR 83

Engro Corporation (ENGRO) – BUY
Current Price: PKR 313.16
Target Price: PKR 361

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 35.64
Target Price: PKR 39

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 41.84
Target Price: PKR 47

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 50.06
Target Price: PKR 60

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 103.34
Target Price: PKR 117

Indus Motors (INDU) – BUY
Current Price: PKR 1574
Target Price: PKR 1735

K-Electric (KEL) – BUY
Current Price: PKR 9.3
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 277
Target Price: PKR 353

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 74
Target Price: PKR 80

Nishat Mills Limited (NML) – BUY 
Current Price: PKR 151.30
Target Price: PKR 172

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 162.32
Target Price: PKR 200

Pak Electron (PAEL) – BUY 
Current Price: PKR 67.8
Target Price: PKR 83

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 137.36
Target Price: PKR 153

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 620
Target Price: PKR 661

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 418.98
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 17.30
Target Price: PKR 21.9

Tariq Glass (TGL) – BUY 
Current Price: PKR 96.4
Target Price: PKR 120

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.

Written by: Rana Khurram

Pakistan Stock Exchange (PSX) Weekly Analysis 18 Dec, 2016

BUY recommendations are ABL, ASC, BAFL, BAHL, EFERT, ENGRO, FATIMA, FCCL, FFBL, FFC, INDU, KAPCO, KEL, KOHC, NBP, NML, OGDC, PAEL, PIOC, PSMC, PSO, PTC and TGL.

Top gainers of last week were: Mari Petroleum, Pak Oilfields, Pak Petroleum, Associated Services Limited, Meezan Bank, Pak Int.Bulk Ter, Sui North Gas Pipe., Faysal Bank, Crescent Steel and The Searle Pak.

Top losers of last week were: Nishat Power Ltd, Allied Rental Mod, Bestway Cem, Fatima Fert.Co., Thal Limited, Fauji Fert Bin, National Foods, Engro Fertilizer, Engro Corp and Shifa International Hospitals.

Top Volume Leaders of last week: PIBTL, BOP, TRG, SNGP, OGDC, FCCL, KEL, DCL, SSGC, FABL, AKBL.

The Pakistan Stock Exchange (PSX) market index continues to set fresh records this week as well with the index closing at an all‐time high of 46,585 (‐2.64%WoW). KSE-100 index has reached on 46,585 by increasing 1198 points or 2.64 %.While KSE-30 index has reached on 25,184 by increasing 737 points or 3.01 %.

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


  • Bullish performance was led by calming political uncertainty over Panama paper and strong oil prices post deal with Non‐OPEC producers propelling gains in the index heavy Oil & Gas sector (+7.8%WoW)
  • Four strategic investors submitted bids on Thursday for acquiring 40% stake in the Pakistan Stock Exchange (PSX)
  • Car sales dropped five per cent year-on-year to 71,877 units in the July-November period, though they posted an increase in November alone, according to figures released by the Pakistan Automotive Manufacturers Association
  • After Lucky Cement and a Chinese investor, Fecto Cement has now shown interest in acquiring stakes in Dewan Cement Limited
  • The government on Thursday reversed its decision of November 25 to reduce gas prices for the industrial sector by 33 per cent following a strong protest from the Punjab government and Punjab-based textile industry
  • As per the latest numbers released by the Pakistan Telecommunications Authority (PTA), the 3G/4G subscribers depicted a phenomenal growth of 20% over 4MFY17
  • US FOMC increased the Federal Funds Target Rate (FFTR) by 25bps to 0.75% in its monetary policy and also raised its outlook on rate increase over CY17
  • Chinese firm showed interest in participating Nishat Energy Limited (NEL) plan of setting up a 660MW power plant on imported coal by Dec’20
  • ECC of the cabinet reversed its earlier decision to reduce the gas sale price for industrial sector to PkR400/mmbtu however, it approved reduction in price for power stations and IPPs from PkR613/mmbtu to PkR400/mmbtu
  • PSMC linked its US$460mn investment in a new Greenfield project with a steep cut in import duties
  • HUBC was seen back in action as its 330MW Thar coal mine mouth power plant received an LOS from the government and renewed hopes of its 660MWx2 plant regaining traction as per its notification to the exchange
  • ICI Pakistan Limited is in discussions to finalize arrangements to acquire the assets of Wyeth Pakistan Limited, a multinational pharmaceutical company operating in Pakistan since 1949
  • A meeting of the Economic Coordination Committee (ECC) of the Cabinet has approved wheat procurement price at Rs 1,300 per 40 kilograms for the next fiscal year to support the farmers against declining wheat price in the international market 
  • A parliamentary panel was informed on Tuesday that Pakistan Steel Mills Corporation (PSM) would be privatized in three months
  • US grants $81 million for Kurram Tangi project in KP
  • State Bank of Pakistan approves sale of Burj Bank
  • Engro Foods Ltd's (EFOODS) shareholders tendered an aggregate 29.66mn shares being 3.9% of the total shares of the Company and 60% of the maximum Public Offer uptake, which have been accepted and transferred. Due to lower than-maximum aggregate shares tendered, we believe Engro Corporation (ENGRO) will sell 361.30mn shares to FrieslandCampina Pakistan Holding B.V to take the Dutch company’s holding to 51%  
  • Foreigners offloaded shares worth USD47mn during the outgoing week, with cumulative outflows CYTD now standing at a hefty USD273mn


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 110.91
Target Price: PKR 120

Al Shaheer Corpporation Ltd. (ASC) – BUY 
Current Price: PKR 54.29
Target Price: PKR 82

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 35
Target Price: PKR 38

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 55
Target Price: PKR 60

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 65.77
Target Price: PKR 83

Engro Corporation (ENGRO) – BUY
Current Price: PKR 308.55
Target Price: PKR 361

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 35.07
Target Price: PKR 39

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 41.41
Target Price: PKR 47

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 51.07
Target Price: PKR 60

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 103.89
Target Price: PKR 117

Indus Motors (INDU) – BUY
Current Price: PKR 1587
Target Price: PKR 1735

Kot Addu Power Company (KAPCO) – BUY
Current Price: PKR 77.99
Target Price: PKR 116

K-Electric (KEL) – BUY
Current Price: PKR 9.3
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 283.97
Target Price: PKR 353

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 73.20
Target Price: PKR 80

Nishat Mills Limited (NML) – BUY 
Current Price: PKR 151
Target Price: PKR 172

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 166.53
Target Price: PKR 200

Pak Electron (PAEL) – BUY 
Current Price: PKR 68.9
Target Price: PKR 83

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 139.13
Target Price: PKR 153

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 570
Target Price: PKR 661

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 411
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 17.84
Target Price: PKR 21.9

Tariq Glass (TGL) – BUY 
Current Price: PKR 104
Target Price: PKR 120

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.

Written by: Rana Khurram

Pakistan Stock Exchange (PSX) Weekly Analysis 10 Dec, 2016

BUY recommendations are ABL, BAFL, BAHL, DGKC, EFERT, ENGRO, FATIMA, FCCL, FFBL, KAPCO, KEL, KOHC, MCB, MLCF, NBP, NML, OGDC, PAEL, PIOC, PPL, PSMC, PSO, PTC, TGL and UBL.

Top gainers of last week were: National Foods, Bestway Cem, Lucky Cement, Mari Petroleum, ICI Pakistan, Pioneer Cement, Adamjee Ins, Bannu Woollen, EFU General Ins and D.G.K.Cement.

Top losers of last week were: Feroz 1888 Mills Ltd, Ibrahim Fibres, Indus Dyeing, B.O.Punjab, IGI Insurance, Hascol Petroleum Ltd, Pak Tobacco Co, National Refinery, J.D.W.Sugar and Pak Suzuki Motor.

Top Volume Leaders of last week: BOP, KEL, FCCL, SNGP, AKBL, EFERT, PIBTL, DGKC, SSGC, TRG, and OGDC.

The Pakistan Stock Exchange (PSX) market index marked another stellar week with 4.89%WoW return (close at 45,387pts all time high) on the back of sturdy oil prices, continued expansions in industrial sectors and announcements of corporate actions. KSE-100 index has reached on 45,387 by increasing 2116 points or 4.89 %.While KSE-30 index has reached on 24,447 by increasing 1280 points or 5.53 %.

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


  • LUCK announced plans for entry into automotive business through setting up manufacturing plant in partnership with Kia motors, furthering operations in Iraq while expressing intention to bid for DCL's assets, keeping sentiment strong
  • TREET and ICI’s plans to invest in the pharma sector (Renancon and WYETH respectively)
  • TREET’s declared intention to acquire Reacon Pharma failed to ignite further steam in the stock as the market anticipated a bigger name to be on its shopping list
  • Shanghai Electric sharing a US$9bn investment plan following KEL’s acquisition and BoD approval of MCB and NIB merger
  • Supreme Court adjourned Panamagate hearing till January
  • Continuation of SC hearings for the Panama‐gate case, with PM Sharif facing criticism from the court for failing to provide a money trail for asset purchases
  • Government of Pakistan raising PkR147bn through MTB auctions where cut‐off yields for 3mth/6mth remained stable at 5.9463%/5.9471%
  • Cotton arrivals increasing 13.8%YoY for the season
  • Delay in bid opening process for the 40% divestment of PSX
  • CCP imposing a penalty of PkR150mn on PSO for deceptive marketing
  • Cement sales up 15pc in Nov as construction activities boom
  • Cements stocks rallied by ~11.6% in the outgoing week on account of i) robust dispatch growth, and, ii) decline in international coal prices
  • The boards of directors of MCB Bank and NIB Bank in their separate meetings on Wednesday approved the amalgamation scheme through a share swap arrangement. The banks approved the swap ratio of one share of MCB Bank for every 140.043 shares of NIB Bank 
  • Foreign participants were persistent sellers during the week offloading large positions, but the market shrugged off any concerns
  • FCCL convened its BoD to approve a planned waste heat recovery project, which ignited another ascent in the stock
  • NCL also enjoyed a field week as its 660MW coal based power project got an approval from NEPRA
  • Rice output likely to fall 6pc in Punjab during 2016/17
  • Pakistan Petroleum Limited (PPL), a state-owned frontline player in energy sector, hit unprecedented oil and gas production level of one billion cubic feet equivalent per day (Bcfepd) 
  • Rupee recovers sharply on crackdown against smugglers


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 106
Target Price: PKR 120

Al Shaheer Corpporation Ltd. (ASC) – BUY 
Current Price: PKR 57
Target Price: PKR 82

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 35
Target Price: PKR 38

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 50.97
Target Price: PKR 60

DG Khan Cement (DGKC) – BUY 
Current Price: PKR 215
Target Price: PKR 221

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 68
Target Price: PKR 83

Engro Corporation (ENGRO) – BUY
Current Price: PKR 319
Target Price: PKR 361

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 36.51
Target Price: PKR 39

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 42.10
Target Price: PKR 47

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 53
Target Price: PKR 60

Indus Motors (INDU) – BUY
Current Price: PKR 1591
Target Price: PKR 1735

Kot Addu Power Company (KAPCO) – BUY
Current Price: PKR 76
Target Price: PKR 116

K-Electric (KEL) – BUY
Current Price: PKR 9.5
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 274
Target Price: PKR 353

MCB Bank Limited (MCB) – BUY 
Current Price: PKR 233
Target Price: PKR 243

Maple Leaf Cement Factory (MLCF) – BUY 
Current Price: PKR 118
Target Price: PKR 125

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 73.47
Target Price: PKR 80

Nishat Mills Limited (NML) – BUY 
Current Price: PKR 148.20
Target Price: PKR 172

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 156.38
Target Price: PKR 164

Pak Electron (PAEL) – BUY 
Current Price: PKR 68.9
Target Price: PKR 83

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 136.59
Target Price: PKR 153

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 167
Target Price: PKR 177

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 521.7
Target Price: PKR 661

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 407
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 17.79
Target Price: PKR 21.9

Tariq Glass (TGL) – BUY 
Current Price: PKR 104
Target Price: PKR 120

United Bank Limited (UBL) – BUY 
Current Price: PKR 226
Target Price: PKR 235

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.

Written by: Rana Khurram

Pakistan Stock Exchange (PSX) Weekly Analysis 4 Dec, 2016

BUY recommendations are ABL, BAFL, BAHL, DGKC, EFERT, ENGRO, FATIMA, FCCL, FFBL, HUBCO, KAPCO, KEL, KOHC, LUCK, MCB, MLCF, NBP, OGDC, PAEL, PIOC, PPL, PSMC, PSO, PTC, TGL and UBL.

Top gainers of last week were: Indus Dyeing, Philip Morris (Lakson Tobacco), IGI Insurance, International Steels Ltd, Thal Limited, Ghani Glass Ltd, Millat Tractors, Saif Power Ltd, National Foods and Pak Tobacco Co.

Top losers of last week were: Sui South Gas, Sui North Gas Pipe., Nishat Chunian, Nishat Mills Limited, Colgate Palmolive, Bank AL-Habib, Pak.Int.Con.Ter., Jubilee Life Ins, MCB Bank Ltd and Jah.Sidd. Co.

Top Volume Leaders of last week: BOP, SSGC, SNGP, TRG, KEL, DCL, FABL, PTC, NCL, PIBTL, and EFERT.

The Pakistan Stock Exchange (PSX) market index posted a volatile trend in the outgoing week. The outgoing week saw the benchmark index closing at a new all-time high of 43,270pts (+271pts; +0.63% WoW) KSE-100 index has reached on 43,271 by increasing 271 points or 0.63 %.While KSE-30 index has reached on 23,167 by increasing 22 points or 0. 09 %.

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


  • Foreigners (USD 33.5mn) and Banks & DFI (USD 2.26mn) were net sellers, while Mutual Funds (USD 19.26mn), Individuals (USD 11.32mn), NBFC (USD 8.99mn) and Companies (USD 5.24mn) were net buyers
  • Prime Minister Nawaz Sharif Saturday appointed Lt Gen Qamar Javed Bajwa as new Chief of Army Staff and Lt Gen Zubair Hayat as Chairman Joint Chiefs of Staff Committee
  • State Bank of Pakistan has announced the Monetary Policy and keeps policy rate unchanged at 5.75%
  • The Pakistan Stock Exchange (PSX) is scheduled to open on Wednesday the bids submitted in response to its offer of 40% stake to strategic partner(s) as part of the ongoing demutualization process of the equity market
  • Rawalpindi, Lahore to get smart meters from June 2017
  • Sindh Engro Coal Minning Company (SECMC) Chief Executive Officer Shamsudin Ahmed Sheikh has informed that five more coal-fired power plants would be set up in block II of Thar by December 2021 and the total production capacity of coal based electricity of Thar would be expanded to around 3,000 megawatts
  • FFC stands to gain the most from the recent PKR200/mmbtu reduction in gas prices with an annualized positive earnings impact of 13% (i.e. ~PKR1.35/sh) over 2017-19, followed by EFERT (~10% or PKR0.7-0.8/sh) and FATIMA (i.e. ~9% or PKR0.5/sh) while the impact for FFBL would be muted as the company is moving to coal based generation from 2017
  • International crude oil prices jumped by 10% following oil supply cut decision by the Organization of Petroleum Exporting Countries (OPEC), which brought the local bourse back to a state of pragmatism
  • Foreign exchange reserves held by State Bank of Pakistan (SBP) decreased 1.44% to US$18.5bn, while total reserves stood at US$23.6bn
  • The government on Friday reduced gas prices for industry by about 33 per cent and settled a Rs78 billion dispute with the Sindh government over outstanding electricity bills against a payment of Rs27.4bn
  • FBR extends return filing date till December 15
  • The Panama-Gate case against the premier’s family proceeded at the apex court with a heightened perception of the opposition’s stance gaining traction
  • US Dollar crossing Rs108 in the open market
  • Shortfall of Rs130bn in tax collection during 5MFY17
  • Finance Minister announced increase in price of petrol and diesel by PkR 2/ltr and PkR 2.7/ltr respectively
  • Pakistan Telecom (PTC) announcing its fourth VSS targeting 9,000 employees

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 103.98
Target Price: PKR 120

Al Shaheer Corpporation Ltd. (ASC) – BUY 
Current Price: PKR 54.65
Target Price: PKR 82

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 34
Target Price: PKR 38

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 48
Target Price: PKR 60

DG Khan Cement (DGKC) – BUY 
Current Price: PKR 195.18
Target Price: PKR 221

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 65.5
Target Price: PKR 83

Engro Corporation (ENGRO) – BUY
Current Price: PKR 305.98
Target Price: PKR 361

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 34.5
Target Price: PKR 39

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 38.3
Target Price: PKR 47

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 52.4
Target Price: PKR 60

HUB Power CO (HUBCO) – BUY
Current Price: PKR 108.1
Target Price: PKR 121

Indus Motors (INDU) – BUY
Current Price: PKR 1481
Target Price: PKR 1735

Kot Addu Power Company (KAPCO) – BUY
Current Price: PKR 76.0
Target Price: PKR 116

K-Electric (KEL) – BUY
Current Price: PKR 9.2
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 268.3
Target Price: PKR 353

Lucky Cement (LUCK) – BUY
Current Price: PKR 733.8
Target Price: PKR 813

MCB Bank Limited (MCB) – BUY 
Current Price: PKR 218.69
Target Price: PKR 243

Maple Leaf Cement Factory (MLCF) – BUY 
Current Price: PKR 112
Target Price: PKR 125

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 71.42
Target Price: PKR 80

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 147.1
Target Price: PKR 164

Pak Electron (PAEL) – BUY 
Current Price: PKR 69.6
Target Price: PKR 83

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 120.8
Target Price: PKR 137

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 159.3
Target Price: PKR 177

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 529.7
Target Price: PKR 661

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 399
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 17.64
Target Price: PKR 21.9

Tariq Glass (TGL) – BUY 
Current Price: PKR 103
Target Price: PKR 120

United Bank Limited (UBL) – BUY 
Current Price: PKR 214.67
Target Price: PKR 235

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.

Written by: Rana Khurram