Pakistan Stock Exchange (PSX) Weekly Analysis 26 February, 2017

BUY recommendations are ABL, AICL, APL, ASC, BAHL, DGKC, EFERT, ENGRO, FCCL, FFBL, HASCOL, HBL, INDU, KAPCO, KEL, KOHC, LPL, LUCK, MLCF, MCB, MEBL, NATF, NPL, OGDC, PIOC, PKGP, POWER, PPL, PSO, PTC, TGL and UBL.

Top gainers of last week were: IDYM, BWCL, NESTLE, HMB, MTL, BATA, MARI, PIOC, SSGC and FEROZ.

Top losers of last week were: BOP, HASCOL, GHGL, IGIIL, NPL, MUREB, DAWH, ISL, PMPK and AHCL.

Top Volume Leaders of last week: KEL, TRG, SSGC, BOP, SNGP, PAEL, BAFL, ISL, NBP, PAEL, NCL and PIBTL.

The Pakistan Stock Exchange (PSX) market index continued it’s downwards trend from the previous week, declining marginally by 0.7% (~367pts), to close at 49,008pts. KSE-100 index has reached on 49,008 by decreasing -368 points or -0.74 %, while KSE-30 index reached on 26,592 by decreasing -104 points or -0.39 %.

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


  • Foreigners remained net sellers during the week, mopping up USD 4.84mn worth of shares
  • Work on 1320 megawatts coal based power plant costing two point six billion dollars is underway at Thar Coal Field which will start producing electricity by 2018
  • NTC has decided final definitive antidumping duty on imports of cotton yarn
  • Daewoo Express, the Pakistan’s only foreign transport service provider, has planned to secure four billion rupees through an initial public offering (IPO) at the country’s capital market
  • Bestway Cement remained the key outperformer during the week with a gain of 1.4% post announcement of its non-binding agreement with Dewan Cement Limited (DCL) for acquisition of Hattar plant
  • Sui Southern Gas Company (SSGC) also gained traction (up 3.7% WoW) on recommendation of additional allowance of UFG by a reputable advisory firm
  • Bank Alfalah reported 2016 consolidated EPS of Rs 4.96 (+5% YoY). While earnings were in line with market expectation, lack of final cash dividend (amid CAR concerns) led the stock to close at its lower circuit
  • Tariq Glass (TGL) posted profits of Rs203mn (EPS: Rs2.77, +2.8x YoY/ 8% QoQ), on revenue of Rs 2.5bn (+27% YoY). The result took half year EPS to Rs 5.33 vs Rs 3.21 last year, up 66% YoY
  • PSMC released expansion plans for producing 100,000 units (current capacity is 150,000) with total planned outlay of US$460mn
  • Government finally allocates Rs25b for Gwadar LNG pipeline
  • Hascol to develop LPG Terminal at Port Qasim


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 100.23
Target Price: PKR 132

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 74.07
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 635.6
Target Price: PKR 796

Al Shaheer Corporation Ltd. (ASC) – BUY 
Current Price: PKR 46.20
Target Price: PKR 82

Bank Al-Habib Limited (BAHL) – BUY 
Current Price: PKR 54.10
Target Price: PKR 64

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 240.3
Target Price: PKR 270

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 68.2
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 182.97
Target Price: PKR 225

Engro Corporation (ENGRO) – BUY
Current Price: PKR 373.42
Target Price: PKR 391

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 44.7
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 54.1
Target Price: PKR 67

General Tyre & Rubber  (GTYR) – BUY 
Current Price: PKR 271.02
Target Price: PKR 313

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 273.87
Target Price: PKR 304

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 327.81
Target Price: PKR 428

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 112.44
Target Price: PKR 133

Indus Motors (INDU) – BUY
Current Price: PKR 1,679.17
Target Price: PKR 1,974

Kot Adu Power (KAPCO) – BUY
Current Price: PKR 80.37
Target Price: PKR 107

K-Electric (KEL) – BUY
Current Price: PKR 9.8
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 270.5
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 22.22
Target Price: PKR 46

Lucky Cement (LUCK) – BUY 
Current Price: PKR 877.55
Target Price: PKR 1,046

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 128.2
Target Price: PKR 165

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 231.01
Target Price: PKR 280

Meezan Bank (MEBL) – BUY 
Current Price: PKR 65.24
Target Price: PKR 72

National Foods (NATF) – BUY 
Current Price: PKR 345.12
Target Price: PKR 473

Nishat Power (NPL) – BUY 
Current Price: PKR 55.63
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 157.5
Target Price: PKR 200

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 148.8
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 24.05
Target Price: PKR 47

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 480.0
Target Price: PKR 569.4

Power Cement (POWER) – BUY 
Current Price: PKR 18.75
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 176.2
Target Price: PKR 218

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 449.5
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 16.88
Target Price: PKR 21.9

Tariq Glass (TGL) – BUY 
Current Price: PKR 107.4
Target Price: PKR 120

United Bank Limited (UBL) – BUY 
Current Price: PKR 248.50
Target Price: PKR 294

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 19 February, 2017

BUY recommendations are ABL, AICL, APL, ASC, BAHL, DGKC, EFERT, ENGRO, FCCL, FFBL, HASCOL, HBL, INDU, KAPCO, KEL, KOHC, LPL, LUCK, MLCF, MCB, MEBL, NATF, NPL, OGDC, PIOC, PKGP, PPL, PSO, PTC, TGL and UBL.

Top gainers of last week were: SHEL, JGICL, JLICL, SNGP, FFBL, RMPL, CSAP, PAEL, SRVI and IBFL.

Top losers of last week were: ISL, FEROZ, AKBL, TRG, BAHL, ARM, FCCL, FML, JSCL and BAFL.

Top Volume Leaders of last week: KEL, TRG, BOP, PAEL, SNGP, SSGC, PIBTL, FFBL, ISL, EFERT and AKBL.

The Pakistan Stock Exchange (PSX) market index remained dull and gloomy throughout the week. KSE-100 index has reached on 49,375 by decreasing 550 points or 1.1 %.

Average trading volumes increased by 15% to 354mn shared during the week with concentration primarily in retail favorites that included ASL, KEL, POWER, DSL and TRG, cumulatively contributing 32% of total market volume.

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


  • The political uncertainty surrounding the ‘Panamagate” case and the tumbling law and order situation trapped the bull in its tracks, with savvy investors resorting to profit taking on the first opportunity presented with the results announcement
  • Cements, Steels & Chemicals were major laggards, while Banks and Oil & Gas sector supported the index with fewer gains
  • Pharmaceutical companies ending their strike after reaching an agreement with provincial government
  • MTL’s announcement of its intention to join NML’s joint venture with Hyundai (announced earlier) for setting up an automobiles plant
  • Foreigners remained net buyers during the outgoing week, mopping up USD4.25mn worth of shares, down by 21% WoW
  • Remittances slipped to $10.9 billion in seven months
  • The Sui Southern Gas Company Limited (SSGCL) is laying nine gas pipelines in various areas of Sindh and Balochistan to augment its existing transmission network
  • The country's power sector receivables have soared to Rs 726.19 billion as of December 2016 as compared to Rs 684.06 billion on June 30, 2016, showing an increase of 6 per cent in just six months
  • The Pakistan National Shipping Corporation (PNSC) is going to purchase three tankers at an estimated cost of $65 million
  • ENGRO crushed hopes of its investors regarding a large payout as it announced a much lower than anticipated dividend consequently taking a sizeable hit
  • MARI’s recent discovery of Hydro-carbon reserves in Ghotki failed to have an impact on its stock performance as it remained lull throughout the week


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 106.06
Target Price: PKR 132

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 76.13
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 655.9
Target Price: PKR 796

Al Shaheer Corporation Ltd. (ASC) – BUY 
Current Price: PKR 50.69
Target Price: PKR 82

Bank Al-Habib Limited (BAHL) – BUY 
Current Price: PKR 54.12
Target Price: PKR 64

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 236.9
Target Price: PKR 270

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 69.7
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 191.03
Target Price: PKR 225

Engro Corporation (ENGRO) – BUY
Current Price: PKR 361.97
Target Price: PKR 391

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 43.9
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 56.6
Target Price: PKR 67

General Tyre & Rubber  (GTYR) – BUY 
Current Price: PKR 264.83
Target Price: PKR 313

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 357.96
Target Price: PKR 428

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 270.95
Target Price: PKR 304

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 118.75
Target Price: PKR 133

Indus Motors (INDU) – BUY
Current Price: PKR 1,703.67
Target Price: PKR 1,974

Kot Adu Power (KAPCO) – BUY
Current Price: PKR 82.30
Target Price: PKR 107

K-Electric (KEL) – BUY
Current Price: PKR 10
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 270.0
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 22.59
Target Price: PKR 46

Lucky Cement (LUCK) – BUY 
Current Price: PKR 867.89
Target Price: PKR 1,046

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 129.4
Target Price: PKR 165

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 227.31
Target Price: PKR 280

Meezan Bank (MEBL) – BUY 
Current Price: PKR 66.90
Target Price: PKR 72

National Foods (NATF) – BUY 
Current Price: PKR 365.00
Target Price: PKR 473

Nishat Power (NPL) – BUY 
Current Price: PKR 60.42
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 156.6
Target Price: PKR 200

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 143.5
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 24.37
Target Price: PKR 47

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 480.4
Target Price: PKR 569.4

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 175.5
Target Price: PKR 218

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 462.0
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 17.45
Target Price: PKR 21.9

Tariq Glass (TGL) – BUY 
Current Price: PKR 102.2
Target Price: PKR 120

United Bank Limited (UBL) – BUY 
Current Price: PKR 241.86
Target Price: PKR 294

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 13 February, 2017

BUY recommendations are ABL, AICL, APL, ASC, BAHL, DGKC, EFERT, ENGRO, FCCL, FFBL, HASCOL, HBL, INDU, KAPCO, KEL, KOHC, LPL, LUCK, MLCF, MCB, MEBL, NATF, NPL, OGDC, PIOC, PKGP, PPL, PSO, PTC, TGL and UBL.

Top gainers of last week were: Inter.Steel Ltd, Sui South Gas, Jubile Life Ins, Arif Habib Corp, National Bank, B.O.Punjab, Nishat Mills Ltd, Sui North Gas, D.G.K.Cement and Engro Corp.

Top losers of last week were: Mari Petroleum, National Foods, Ferozsons (Lab), MCB Bank Ltd, P.T.C.L., Crescent Steel, Hub Power Co., J.D.W.Sugar, Soneri Bank Ltd and Allied Bank Ltd.

Top Volume Leaders of last week: KEL, TRG, BOP, PTC, EFERT, SNGP, PIBTL, FCCL, SSGC, NBP and PAEL.

The Pakistan Stock Exchange (PSX) market index remained range bound during the week, posting an increase of a mere 0.7% WoW, just shy of the 50k mark at 49,925pts. KSE-100 index has reached on 49,925 by increasing 369 points or 0.75 %.While KSE-30 index has reached on 26,951 by increasing 234 points or 0.88 %.

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


  • World Bank to provide $145mln in financing to Engro Food’s buyer
  • Pak Suzuki unveils another imported vehicle this time the 1.4L Ciaz
  • Trading at the Pakistan Stock Exchange (PSX) remained range bound during outgoing week as confidence & liquidity waned amid SECP’s brokers probe clamping down on in-house financing, however, sentiments gained some respite as US lifted travel bans on Muslims; the KSE-100 index clocked in a high/low of 49,630/49,925 points closing the week up +0.7% WoW
  • Interest was seen in Fertilizer, Oil & Gas Marketing and Cement sectors, which were up 2.9%, 2.0% and 1.8% respectively. On the other hand, Tobacco, Power and Oil & Gas Exploration sectors showed decline of 7.2%, 2.3% and 2.0% respectively
  • Foreigner remained net buyers of US$5.4mn during the week as against selling of US$15.3mn last week. The market saw net buying after a lag of 13 weeks. Major buying was seen in Fertilizer and Banking Sectors whereas Food and Personal Care saw major selling
  • Mughal Steel (MUGHAL) notified the PSX of material information pertaining to SNGP enhancing their gas load for captive power generation from 1.8mmcfd to 2.8mmcfd. We believe additional gas allocation could potentially be used to enhance MUGHAL’s gas-fired CPP, which is currently operating 3 generators with aggregate capacity of 9.3MW
  • PIOC firming up its expansion plans with contract for 8,000tpd being finalized along with multiple power projects (12MW WHRP & 25MW Coal fired captive plant)
  • Hyundai Motor Company plans to set up a car assembly plant in Pakistan in a joint venture with local textile firm Nishat Mills, an official from Nishat said on Friday 
  • International Steel Limited (ISL) stated in a filing that the National Tariff Commission (NTC) has decided to impose definitive anti dumping duties on galvanized steel coils/sheets for a period of five years
  • PSO's receivables from different enterprises, particularly power companies, have swelled to PkR277bn
  • K-Electric initiates construction of $71 million grid station at Port Qasim


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 108.97
Target Price: PKR 132

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 75.01
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 646.6
Target Price: PKR 796

Al Shaheer Corporation Ltd. (ASC) – BUY 
Current Price: PKR 50.22
Target Price: PKR 82

Bank Al-Habib Limited (BAHL) – BUY 
Current Price: PKR 59.53
Target Price: PKR 64

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 244.9
Target Price: PKR 270

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 70.0
Target Price: PKR 83

Engro Corporation (ENGRO) – BUY
Current Price: PKR 379.66
Target Price: PKR 391

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 47.5
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 53.0
Target Price: PKR 67

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 367.08
Target Price: PKR 428

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 266.96
Target Price: PKR 304

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 120.62
Target Price: PKR 133

Indus Motors (INDU) – BUY
Current Price: PKR 1,700.50
Target Price: PKR 1,974

Kot Adu Power (KAPCO) – BUY
Current Price: PKR 81.88
Target Price: PKR 107

K-Electric (KEL) – BUY
Current Price: PKR 10.2
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 275.1
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 23.03
Target Price: PKR 46

Lucky Cement (LUCK) – BUY 
Current Price: PKR 860.56
Target Price: PKR 1,046

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 134.8
Target Price: PKR 165

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 226.02
Target Price: PKR 280

Meezan Bank (MEBL) – BUY 
Current Price: PKR 70.00
Target Price: PKR 72

National Foods (NATF) – BUY 
Current Price: PKR 374.28
Target Price: PKR 473

Nishat Chunian (NCL) – BUY 
Current Price: PKR 70.37
Target Price: PKR 74

Nishat Power (NPL) – BUY 
Current Price: PKR 63.00
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 156.8
Target Price: PKR 200

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 145.7
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 25.98
Target Price: PKR 47

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 490.58
Target Price: PKR 569.4

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 178.6
Target Price: PKR 218

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 474.3
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 17.93
Target Price: PKR 21.9

Tariq Glass (TGL) – BUY 
Current Price: PKR 102.4
Target Price: PKR 120

United Bank Limited (UBL) – BUY 
Current Price: PKR 240.90
Target Price: PKR 294

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 6 February, 2017

BUY recommendations are ABL, AICL, APL, ASC, BAHL, DGKC, EFERT, ENGRO, FCCL, FFBL, HASCOL, HBL, INDU, KAPCO, KEL, KOHC, LPL, LUCK, MLCF, MCB, MEBL, NATF, NPL, OGDC, PIOC, PKGP, PPL, PSO, PTC, TGL and UBL.

Top gainers of last week were: Inter.Steel Ltd, Pak Tobacco, Ibrahim Fibres, P.S.O., Soneri Bank Ltd, Engro Corp, Millat Tractors, Mari Petroleum, Oil & Gas Dev. and TRG Pak Ltd.

Top losers of last week were: Pak.Int.Cont., Pak Tobacco, Ibrahim Fibres, P.S.O., Soneri Bank Ltd, Engro Corp, Millat Tractors, Mari Petroleum, Oil & Gas Dev. and TRG Pak Ltd.

Top Volume Leaders of last week: KEL, TRG, BOP, SNGP, PAEL, EFERT, FABL, NBP, FCCL, SSGC, and OGDC.

The Pakistan Stock Exchange (PSX) market index recorded a steep fall during the early sessions due to heat on political front and executive orders from US president on travel ban on certain Muslim countries. KSE-100 index has reached on 49,556 by decreasing 408 points or -0.82 %.While KSE-30 index has reached on 26,717 by decreasing 197 points or -0.73 %.

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

  • The outgoing week observed a significant hike in the prices of petroleum products, which is likely to translate into inventory gains, providing a thrust to OMC names
  • Steel players registered their names in stellar performers of the week amid expansion plans and large scale steel orders from government entities
  • Banking sector, on the other hand, remained numb as FED decided to keep interest rates unchanged in US and local CPI hinted towards a downturn in inflationary pressure, quashing expectations of a rate hike in the near term 
  • The National Transmission and Despatch Company (NTDC) has connected 1,320MW Sahiwal Coal-fired power plant with the national grid through a 500kV transmission line under the China-Pakistan Economic Corridor (CPEC) framework 
  • Engro Fertilizers (Pvt) Limited, a country’s leading fertiliser maker, is mulling to make an offshore investment into pesticides manufacturing and market the products locally through its vast distribution network countrywide 
  • Sui Southern Gas Company (SSGC) is optimistic about a turnaround as the management is undertaking extensive efforts to ensure the company steers itself back to profitability 
  • The prospect of Kot Addu Power Company (Kapco) privatisation faces delay as issues of required comfort letter for the extension of power purchase agreement (PPA) and others remain unsettled 
  • National Accountability Bureau (NAB) has signed a Memorandum of Understanding (MoU) with China to ensure co-operation and oversee transparency in China Pakistan Economic Corridor (CPEC) projects in Pakistan 
  • Foreigners remained net sellers during the outgoing week as well, selling USD15.31mn worth of shares, up 12% WoW
  • Pharmaceuticals, Refinery, Cement & Commercial Banks declined by 2-5.5%, while Oil & Gas Exploration, Chemical and Oil & Gas Marketing supported the broader index during the week as they were up 1-2%
  • GoP initiated the process for sale of its 18.39% shareholding in MARI at 7.5% discount to the closing market price of MPCL shares on Jan 27’17 (PkR1,402.9/sh)
  • Sindh Bank Limited and Summit Bank (SMBL) begun talks for a potential merger
  • Cabinet Committee on Privatization (CCoP) deferred the divestment of GoP's 5% stake in OGDC on the stock exchange until its share price touched PkR200/sh
  • GoP increased POL prices from the month of Feb’17 (Petrol:+PkR2.25/ltr & HSD: +PkR2.26)
  • Major results announcement next week includes MCB, ABL, PRL, PTC, CHCC, LOTCHEM & EPCL
  • In a surprising result, EFOODS reported a loss of Rs0.3/sh in 4Q2016, taking full year EPS to Rs3.1, down 25% YoY. The company also paid out an un-anticipated cash dividend of Rs10 per share (including a one-time special dividend of Rs9/share). This will have after tax earnings impact of Rs4.6/share on Engro Corporation’s (ENGRO) book as it holds 36% stake in EFOODS


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 110.69
Target Price: PKR 132

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 74.19
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 664.6
Target Price: PKR 796

Al Shaheer Corporation Ltd. (ASC) – BUY 
Current Price: PKR 50.97
Target Price: PKR 82

Bank Al-Habib Limited (BAHL) – BUY 
Current Price: PKR 58.94
Target Price: PKR 64

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 230.6
Target Price: PKR 270

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 69.7
Target Price: PKR 83

Engro Corporation (ENGRO) – BUY
Current Price: PKR 358.86
Target Price: PKR 391

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 45.3
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 51.9
Target Price: PKR 67

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 351.93
Target Price: PKR 428

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 263.55
Target Price: PKR 304

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 120.68
Target Price: PKR 133

Indus Motors (INDU) – BUY
Current Price: PKR 1,718.69
Target Price: PKR 1,974

Kot Adu Power (KAPCO) – BUY
Current Price: PKR 81.21
Target Price: PKR 107

K-Electric (KEL) – BUY
Current Price: PKR 10.5
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 277.1
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 23.23
Target Price: PKR 46

Lucky Cement (LUCK) – BUY 
Current Price: PKR 859.41
Target Price: PKR 1,046

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 134.7
Target Price: PKR 165

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 237.99
Target Price: PKR 280

Meezan Bank (MEBL) – BUY 
Current Price: PKR 69.00
Target Price: PKR 72

National Foods (NATF) – BUY 
Current Price: PKR 392.71
Target Price: PKR 473

Nishat Chunian (NCL) – BUY 
Current Price: PKR 66.59
Target Price: PKR 74

Nishat Mills (NML) – BUY 
Current Price: PKR 168.10
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 63.08
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 159.3
Target Price: PKR 200

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 142.1
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 26.58
Target Price: PKR 47

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 495.94
Target Price: PKR 569.4

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 179.6
Target Price: PKR 218

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 486.1
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 18.77
Target Price: PKR 21.9

Tariq Glass (TGL) – BUY 
Current Price: PKR 102.3
Target Price: PKR 120

United Bank Limited (UBL) – BUY 
Current Price: PKR 233.4
Target Price: PKR 294

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