Pakistan Stock Exchange (PSX) Weekly Analysis 26 March, 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: BOP, SPWL, ARM, GHGL, SNGP, AHCL, FML, PAEL, MUREB and BNWM.

Top losers of last week were: AKBL, KEL, SNBL, RMPL, IDYM, ICI, JLICL, FABL, UBL and OLPL.

Top Volume Leaders of last week: KEL, BOP, TRG, SNGP, SSGC, PAEL, HBL. ISL, DGKC, FATIMA, and NML.

The Pakistan Stock Exchange (PSX) market index broke its losing streak despite political noise & low international oil price and closed the week at 48,971pts, up by 1.2% WoW. KSE-100 index has reached on 48,971 by increasing 562 points or 1.16 %, while KSE-30 index reached on 26,174 by increasing 218 points or 0.84 %.

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


  • Global crude has been following the downward trajectory lately, mainly due to increased drilling and stockpiles of crude in the US, which kept a lid on the local oil stocks  hereas, PPL rallied over result announcement, which came broadly in-line with street expectations alongside a higher than anticipated payout 
  • The Inclusion of five local stocks namely (HBL, NML, SEARL, FCCL, and EFERT) into FTSE Global Equity Index ignited buying spree in these names, while HBL recorded the highest turnover in recent memory during the outgoing week 
  • KEL, the vertically integrated electricity giant, remained in market headlines owing to downward revision of its basic tariff coupled with speculations, coming out of the rumor-mill, regarding its likely acquisition being jeopardized. 
  • HUBC, on the flip side, remained abuzz amid groundbreaking ceremony of the country’s largest coal based power plant at Hub, Balochistan
  • Wi-tribe has announced the launch of 4.5G services, for the first time in Pakistan, which will be made operational by June 2017 in five cities of the country 
  • Nepra grants license to Hunza Group for energy generation
  • Foreigners turned net buyers in the outgoing week, mopping up USD3.47mn worth of shares against net sell of USD11.08mn in the preceding week
  • CAD coming in at US$744mn in Feb’17 taking cumula􀆟ve 8MFY17 deficit to US$5.47bn, up 120%YoY
  • PIB yields remaining flat in the latest auc􀆟on with GoP raising PkR28.5bn
  • Feb’17 fer􀆟lizer off‐take declining 19%MoM/2%YoY to 491k tons though standing 10%YoY higher in 2MCY17
  • HBL announcing plans to sell its Kenyan branches in exchange for 4.18% holding (13.28mn shares) in Diamond Trust Bank Kenya
  • PSMC considering shelving its planned US$450mn investment in spare parts plant and capacity expansion
  • Steel stocks blipped on investor’s radar; with ASL standing out to return 21% WoW…hitting its upper circuit 4 sessions in a row.
  • Pharmaceuticals outperformed with the sector’s cap growing 6.5% WoW, while Cement, Fertilizer and E&P’s gained 0.8-1.2%
  • Textile exports fell 2.53% YoY to $1bn in February, mainly driven by lower proceeds from raw material and low value-added products such as cotton yarn and fabrics, according to PBS data. The decline in export proceeds was also evident in rupee terms. However, exports of value-added products grew during the month, both in terms of value and quantity. Product-wise details show that exports of readymade garments rose 5.3pc while that of knitwear grew 2pc in February  


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 95.55
Target Price: PKR 132

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 76.90
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 643.6
Target Price: PKR 796

Al Shaheer Corporation Ltd. (ASC) – BUY 
Current Price: PKR 48.41
Target Price: PKR 82

Bank Al-Falah Limited (BAFL) – BUY 
Current Price: PKR 37.4
Target Price: PKR 42

Bank Al-Habib Limited (BAHL) – BUY 
Current Price: PKR 54.27
Target Price: PKR 64

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 236.1
Target Price: PKR 270

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 65.0
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 171.20
Target Price: PKR 225

Engro Corporation (ENGRO) – BUY
Current Price: PKR 382.88
Target Price: PKR 391

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 43.5
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 54.0
Target Price: PKR 67

General Tyre & Rubber  (GTYR) – BUY 
Current Price: PKR 278.88
Target Price: PKR 313

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 283.98
Target Price: PKR 304

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 324.51
Target Price: PKR 428

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 115.72
Target Price: PKR 133

Indus Motors (INDU) – BUY
Current Price: PKR 1,601.31
Target Price: PKR 1,974

Kot Adu Power (KAPCO) – BUY
Current Price: PKR 80.93
Target Price: PKR 107

K-Electric (KEL) – BUY
Current Price: PKR 8.7
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 271.6
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 22.44
Target Price: PKR 46

Lucky Cement (LUCK) – BUY 
Current Price: PKR 882.75
Target Price: PKR 1,046

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 126.3
Target Price: PKR 165

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 229.98
Target Price: PKR 280

Meezan Bank (MEBL) – BUY 
Current Price: PKR 70
Target Price: PKR 72

National Foods (NATF) – BUY 
Current Price: PKR 338.34
Target Price: PKR 473

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 48
Target Price: PKR 59

Nishat Power (NPL) – BUY 
Current Price: PKR 51.47
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 147.2
Target Price: PKR 200

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 141.5
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 22.27
Target Price: PKR 47

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 458.70
Target Price: PKR 569.4

Power Cement (POWER) – BUY 
Current Price: PKR 20.34
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 157.0
Target Price: PKR 218

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 438.0
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 120.0
Target Price: PKR 134

United Bank Limited (UBL) – BUY 
Current Price: PKR 229.4
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

Pakistan Stock Exchange (PSX) Weekly Analysis 19 March, 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: PICT, COLG, MEBL, BOP, FATIMA, ICI, CHCC, PAKT, PTC and RMPL

Top losers of last week were: HMB, EFOODS, FABL, ARM, POML, PPL, FFBL, EFERT, BATA and NPL

Top Volume Leaders of last week: KEL, BOP, TRG, SNGP, HBL. FCCL, EFERT, SSGC, PAEL, ISL, and BAFL.

The Pakistan Stock Exchange (PSX) market index remained under pressure as political noise, low international oil price and stern action by the regulator kept the sentiments negative. KSE-100 index has reached on 48,409 by decreasing -783 points or -1.59 %, while KSE-30 index reached on 25,956 by decreasing -649 points or -2.44 %.

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


  • The delay in announcement of the verdict on the ‘Panama- gate’ case was further complicated by Hussain Haqqani’s recent revelations bringing back the memories of the Memo-Gate scandal
  • Ministry of Finance approved payment of Rs6bn to PSO as an urgent case to avoid international default next week against fuel supplies. Simultaneously, Ministry of Petroleum and Natural Resources and the oil industry decided to put on hold future fuel oil import orders until the Ministry of Water & Power submits firm plan for payment & draw down of record stockpile 
  • SBP issued PkR284bn worth of short term government papers with cut off yields on 3/6mth papers remained stable at 5.9463% and 5.9896%
  • In line with expectations, the US FOMC raised the target range for the federal funds rate between 0.75% to 1%
  • In addition to independent power producers’ claims of over PkR414bn, non‐payments to oil companies are reported to be crossing PkR300bn
  • MOF approved payment of PkR6bn on Thursday for the state owned OMC, PSO to avoid an international default
  • PSX welcomes four board directors from China
  • IFC to invest $100 million in new hydropower project
  • In an astonishing move, the shipping companies have announced to begin collecting ''Port Congestion Charge'' from importers from March 22, 2017
  • Around 400m cubic feet of natural gas is going to waste every day, accounting for almost 14-15pc of total supplies to the country’s integrated transmission and distribution network


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 96.49
Target Price: PKR 132

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 76.42
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 649.0
Target Price: PKR 796

Al Shaheer Corporation Ltd. (ASC) – BUY 
Current Price: PKR 47.30
Target Price: PKR 82

Bank Al-Falah Limited (BAFL) – BUY 
Current Price: PKR 37.0
Target Price: PKR 42

Bank Al-Habib Limited (BAHL) – BUY 
Current Price: PKR 54.94
Target Price: PKR 64

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 235.9
Target Price: PKR 270

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 64.5
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 169.50
Target Price: PKR 225

Engro Corporation (ENGRO) – BUY
Current Price: PKR 376.49
Target Price: PKR 391

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 43.0
Target Price: PKR 54

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

General Tyre & Rubber  (GTYR) – BUY 
Current Price: PKR 277.28
Target Price: PKR 313

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 285.40
Target Price: PKR 304

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 320.85
Target Price: PKR 428

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 110.03
Target Price: PKR 133

Indus Motors (INDU) – BUY
Current Price: PKR 1,587.03
Target Price: PKR 1,974

Kot Adu Power (KAPCO) – BUY
Current Price: PKR 79.67
Target Price: PKR 107

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

Kohat Cement (KOHC) – BUY
Current Price: PKR 269.6
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 22.36
Target Price: PKR 46

Lucky Cement (LUCK) – BUY 
Current Price: PKR 887.15
Target Price: PKR 1,046

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 123.7
Target Price: PKR 165

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 226.35
Target Price: PKR 280

Meezan Bank (MEBL) – BUY 
Current Price: PKR 67.90
Target Price: PKR 72

National Foods (NATF) – BUY 
Current Price: PKR 343
Target Price: PKR 473

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 47.96
Target Price: PKR 59

Nishat Power (NPL) – BUY 
Current Price: PKR 52
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 144.6
Target Price: PKR 200

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 139.9
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 23.12
Target Price: PKR 47

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 453.65
Target Price: PKR 569.4

Power Cement (POWER) – BUY 
Current Price: PKR 19.05
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 155.4
Target Price: PKR 218

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 436.5
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 16.89
Target Price: PKR 21.9

Tariq Glass (TGL) – BUY 
Current Price: PKR 109.0
Target Price: PKR 120

United Bank Limited (UBL) – BUY 
Current Price: PKR 233.6
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

Companies Result March 14, 2017

BANKISLAMI PAKISTAN LIMITED (BIPL)
Profit/Loss (million): (131.029)
Bonus/Div: NIL

LANDMARK SPINNING (LMSM)
Profit/Loss (million): (9.211)
Bonus/Div: NIL

Philip Morris (Pak.) Ltd (Formely Lakson Tobbaco) (PMPK)
Profit/Loss (million): (83.749)
Bonus/Div: NIL

SHELL PAKISTAN (SHEL)
Profit/Loss (million): 3342.992
Bonus/Div: 280.00%

UNILEVER PAKISTAN FOOD LIMITED (UPFL)
Profit/Loss (million): 352.669
Bonus/Div: 2780.00%

ASKARI GENERAL INSURANCE (AGIC)
Profit/Loss (million): 55.999
Bonus/Div: 10% , 15% B

GLAXOSMITHKLINE (GLAXO)
Profit/Loss (million): 984.063
Bonus/Div: 60.00%

SNOFI AVENTIS PAKISTAN LIMITED (SAPL)
Profit/Loss (million): 412.227
Bonus/Div: 300.00%

BANK OF KHYBER (BOK)
Profit/Loss (million): 550.857
Bonus/Div: NIL

JAHANGER SIDDIQUI & CO (JSCL)
Profit/Loss (million): 18.319
Bonus/Div: NIL

Summit Bank Limited (Formely Arif Habib Bank Ltd) (SMBL)
Profit/Loss (million): (889.333)
Bonus/Div: NIL

STANDARD CHARTERED BANK PAKISTAN LIMITED (SCBPL)
Profit/Loss (million): 2245.519
Bonus/Div: 12.50%

Pakistan Stock Exchange (PSX) Weekly Analysis 13 March, 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: POML, SNBL, FFBL, BATA, SHFA, HMB, SHEL, MCB, ICI and RMPL.

Top losers of last week were: TRG, GHGL, ATRL, NRL, JSCL, FEROZ, NCL, MARI, FATIMA and FML.

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

The Pakistan Stock Exchange (PSX) market index remained under pressure as political noise, higher VaR requirement by regulator and lower international oil price kept the index in check. KSE-100 index has reached on 49,192 by decreasing -432 points or -0.87 %, while KSE-30 index reached on 26,605 by decreasing -327 points or -1.21 %.

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


  • Inaugural ceremony of the Front and Engineering Design (FEED) was held on 3rd Mar’17 to start work on the TAPI gas pipeline project
  • Circular debt at the end of Jan'17 stood at PkR370bn, up PkR50bn during 7MFY17
  • Urea sales decreased 38%MoM/20%YoY to 251k tons in Feb'17, while DAP sales clocked in at 92k tons, up 51%MoM/30%YoY
  • Pakistan's total sales of petroleum oil and lubricants clocked in at 1.74mn tons in Feb'17, down 15%MoM
  • TPL announced intention to acquire 69.12% additional shares in TPL direct insurance limited
  • HASCOL entered into lease agreement with BYCO for construction of storage facility of 36k MT in Balochistan
  • Oil stocks dragged the index as Oil prices registered a 3 month low after inventory data pointed towards a persistent glut albeit production cuts that came about towards the end of Nov-16 with , OGDC, PPL, TRG, PSO and MARI cumulatively dragging the index by 250pts
  • Foreigners (+USD15.4mn) and Mutual Funds (+USD8.6mn) were net buyers during the week, while Individual (-USD23.5mn) and & Banks/DFIs (USD3.3mn) were net buyers
  • Pioneer Cement Limited- Expansion Plans to Drive Efficiencies
  • United Bank Limited- Advances growth holds the Key for Valuation Rerating
  • Pakistan Petroleum Limited- PPL: 2H Offers More Promise, After a Mellow 1H
  • The government released Rs431 billion (54 per cent of the budgeted amount) till Friday last (February 24), including Rs118.6 billion foreign aid, for different development projects under the Public Sector Development Programme (PSDP) 2016-17 against the total budgeted allocation of Rs800 billion 
  • Pakistan has missed the cotton production target by around 25 per cent as the production has been recorded at 10.5 million bales against the set target of 14.1 million bales for 2016-17, it is learnt 
  • Water and Power Development Authority (Wapda) on Wednesday signed two agreements worth Rs 179.4 billion with a Chinese firm, China Gezhouba Group Company (CGGC), for construction of main civil works of stage-I of Dasu hydropower project which will have an installed capacity of 2160MW with six units (360 MW each)

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 98.0
Target Price: PKR 132

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 74.89
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 644.8
Target Price: PKR 796

Al Shaheer Corporation Ltd. (ASC) – BUY 
Current Price: PKR 48.50
Target Price: PKR 82

Bank Al-Habib Limited (BAHL) – BUY 
Current Price: PKR 54.20
Target Price: PKR 64

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 234.5
Target Price: PKR 270

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 68.1
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 183.70
Target Price: PKR 225

Engro Corporation (ENGRO) – BUY
Current Price: PKR 377.58
Target Price: PKR 391

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 44.3
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 56.2
Target Price: PKR 67

General Tyre & Rubber  (GTYR) – BUY 
Current Price: PKR 265.66
Target Price: PKR 313

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 288.30
Target Price: PKR 304

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 325.07
Target Price: PKR 428

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 110.56
Target Price: PKR 133

Indus Motors (INDU) – BUY
Current Price: PKR 1,622.50
Target Price: PKR 1,974

Kot Adu Power (KAPCO) – BUY
Current Price: PKR 79.96
Target Price: PKR 107

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

Kohat Cement (KOHC) – BUY
Current Price: PKR 270.1
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 21.95
Target Price: PKR 46

Lucky Cement (LUCK) – BUY 
Current Price: PKR 888.06
Target Price: PKR 1,046

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 124.0
Target Price: PKR 165

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 238.11
Target Price: PKR 280

Meezan Bank (MEBL) – BUY 
Current Price: PKR 65
Target Price: PKR 72

National Foods (NATF) – BUY 
Current Price: PKR 353.66
Target Price: PKR 473

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 48.37
Target Price: PKR 59

Nishat Power (NPL) – BUY 
Current Price: PKR 54.71
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 151.9
Target Price: PKR 200

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 140.3
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 22.99
Target Price: PKR 47

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 467.06
Target Price: PKR 569.4

Power Cement (POWER) – BUY 
Current Price: PKR 18.18
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 167.1
Target Price: PKR 218

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 442.3
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 16.5
Target Price: PKR 21.9

Tariq Glass (TGL) – BUY 
Current Price: PKR 114.4
Target Price: PKR 120

United Bank Limited (UBL) – BUY 
Current Price: PKR 245.63
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 5 March, 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, PGF, CSAP, PAKT, SNGP, ATRL, ICI, MTL, IGIIL and POML.

Top losers of last week were: FML, NCL, SHFA, BWCL, NCPL, SRVI, IBFL, HMB, PICT and ARM.

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

The Pakistan Stock Exchange (PSX) market index recovers as clarity emerges on margin financing issues. KSE-100 index has reached on 49,624 by increasing 616 points or 1.26 %, while KSE-30 index reached on 26,932 by increasing 340 points or 1.28 %.

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


  • Trading volumes remained on the top and appreciated 55% to settle at 148m shares as compared to 96m shares recorded last day
  • Construction work on much-vaunted Turkmenistan-Afghanistan-Pakistan and India (TAPI) gas pipeline project has been kick off in Pakistan on Friday
  • The State Bank of Pakistan (SBP) Friday imposed a 100% cash margin requirement on the import of some 404 items with immediate effect. The requirement has been prescribed on items such as mobile phones, cigarettes, jewelry, cosmetics, personal care, electrical and home appliances, arms and ammunitions, etc 
  • PSMC sent an investment plan of US$660mn to the government, requesting same benefits/incentives for 2 years from the start of mass production of new models instead of 5 years granted to new entrants in the Auto Policy 2016-21
  • MUGHAL announced to set up 6 additional lines of 3.1MW gas CPP taking total CPP capacity to 27.9MW and spend PkR1bn on these lines and BMR of existing re‐rolling mill
  • SBP issued PkR387.4bn worth of T-Bills against the participation of PkR473bn with cut-off yields on 3m, 6m, 12m papers of 5.9463%, 5.9896%, and 5.9935%, respectively
  • SNGP’s BoD approved a capital intensive project for development of 1,200mmcfd LNG pipeline from Karachi to Lahore at an estimated cost of PkR111bn with expected COD of Oct’18
  • Retail favorites ASL and POWER pared gains, as market punters hinted at a possible rights issue by both companies to fund their expansion plans
  • German truck maker MAN SE to set up assembly plant in Pakistan
  • Nishat Group, which has recently entered into an agreement with Hyundai Motor Company to set up a car assembly plant in Pakistan, is planning to introduce electric and hybrid passenger cars 
  • Foreigners were net sellers of US$32.7mn during the week as against selling of US$4.8mn during the previous week. Major buying was seen in Oil & Gas Exploration Sector whereas major selling was seen in Cement Sector
  • PSX to sell 20% stake to general public through book building


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 99.84
Target Price: PKR 132

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 75.28
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 634.92
Target Price: PKR 796

Al Shaheer Corporation Ltd. (ASC) – BUY 
Current Price: PKR 46
Target Price: PKR 82

Bank Al-Habib Limited (BAHL) – BUY 
Current Price: PKR 54.50
Target Price: PKR 64

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 239.32
Target Price: PKR 270

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 69.32
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 184.30
Target Price: PKR 225

Engro Corporation (ENGRO) – BUY
Current Price: PKR 380.43
Target Price: PKR 391

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 45.14
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 53.40
Target Price: PKR 67

General Tyre & Rubber  (GTYR) – BUY 
Current Price: PKR 272.29
Target Price: PKR 313

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 286.34
Target Price: PKR 304

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 321.33
Target Price: PKR 428

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 113.76
Target Price: PKR 133

Indus Motors (INDU) – BUY
Current Price: PKR 1,642.60
Target Price: PKR 1,974

Kot Adu Power (KAPCO) – BUY
Current Price: PKR 80.77
Target Price: PKR 107

K-Electric (KEL) – BUY
Current Price: PKR 9.91
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 278.97
Target Price: PKR 353

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

Lucky Cement (LUCK) – BUY 
Current Price: PKR 870.89
Target Price: PKR 1,046

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 127.02
Target Price: PKR 165

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 231.94
Target Price: PKR 280

Meezan Bank (MEBL) – BUY 
Current Price: PKR 66.25
Target Price: PKR 72

National Foods (NATF) – BUY 
Current Price: PKR 347.50
Target Price: PKR 473

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 48.32
Target Price: PKR 59

Nishat Power (NPL) – BUY 
Current Price: PKR 54.24
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 158.76
Target Price: PKR 200

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 145.18
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 23.29
Target Price: PKR 47

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 478.85
Target Price: PKR 569.4

Power Cement (POWER) – BUY 
Current Price: PKR 19.94
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 172.3
Target Price: PKR 218

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 459.11
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 16.80
Target Price: PKR 21.9

Tariq Glass (TGL) – BUY 
Current Price: PKR 112.8
Target Price: PKR 120

United Bank Limited (UBL) – BUY 
Current Price: PKR 248.93
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