Companies Results April 2017

Prosperity Weaving Mills Limited (PRWM)
Profit/Loss (million): NIL
Bonus/Div: 32.11

Feroze 1888 mills limited (FML)
Profit/Loss (million): NIL
Bonus/Div: 128.33

Southern Electric Power Co.  (SEPCO)
Profit/Loss (million): NIL
Bonus/Div: 2.21

Fecto Cement (FECTC)
Profit/Loss (million): NIL
Bonus/Div: 122

Security Papers (SEPL)
Profit/Loss (million): NIL
Bonus/Div: 151

Pioneer Cement (PIOC)
Profit/Loss (million): NIL
Bonus/Div: 161

Tata Tex (TATM)
Profit/Loss (million): NIL
Bonus/Div: 42

Reliance Weaving (REWM)
Profit/Loss (million): NIL
Bonus/Div: 45.83

Bhanero (BHAT)
Profit/Loss (million): NIL
Bonus/Div: 840.89

Kohinoor Tex (KTML)
Profit/Loss (million): NIL
Bonus/Div: 115.39

Allied Bank Limited (ABL)
Profit/Loss (million): 17.50%
Bonus/Div: 95

Samba Bank Limited (SBL)
Profit/Loss (million): NIL
Bonus/Div: 7.58

Burshane LPG Limited (BPL)
Profit/Loss (million): NIL
Bonus/Div: 61.01

Pak Datacom Limited (PAKD)
Profit/Loss (million): NIL
Bonus/Div: 61

Quice Food Industries Limited (QUICE)
Profit/Loss (million): NIL
Bonus/Div: 8.8

Salfi Textiles (SALT)
Profit/Loss (million): NIL
Bonus/Div: 118

Muslim Commercial Bank Limited (MCB)
Profit/Loss (million): 40%
Bonus/Div: 219.95

Charat Cement Company Limited (CHCC)
Profit/Loss (million): NIL
Bonus/Div: 207

Atlas Insurance Limited (ATIL)
Profit/Loss (million): NIL
Bonus/Div: 72.5

Jubilee Gen.Insurance Company Limited (JGICL)
Profit/Loss (million): NIL
Bonus/Div: 101

Ashfaq Textile Mills Limited (ASHT)
Profit/Loss (million): NIL
Bonus/Div: 10

Fauji Fertilizer (FFC)
Profit/Loss (million): 15%
Bonus/Div: 99.1

Al-Shaheer Corporation (ASC)
Profit/Loss (million): NIL
Bonus/Div: 45.77

Allied Rental Modaraba (ARM)
Profit/Loss (million): NIL
Bonus/Div: 23.45

Blessed Textiles Limited (BTL)
Profit/Loss (million): NIL
Bonus/Div: 247

Tri-pak Films (TRIPF)
Profit/Loss (million): NIL
Bonus/Div: 256.5

Engro Chemical (ENGRO)
Profit/Loss (million): 50%
Bonus/Div: 357.97

Island Tex (ILTM)
Profit/Loss (million): NIL
Bonus/Div: 991.99

TPL Direct Insurance Limited. (TDIL)
Profit/Loss (million): NIL
Bonus/Div: 24.75

Century Insurance (CENI)
Profit/Loss (million): NIL
Bonus/Div: 28

Johnson & Phillips (JOPP)
Profit/Loss (million): NIL
Bonus/Div: 33.41

Agriautos Industries Limited (AGIL)
Profit/Loss (million): NIL
Bonus/Div: 349.81

Chenab Limited (CHBL)
Profit/Loss (million): NIL
Bonus/Div: 6.4

Kohat Cement (KOHC)
Profit/Loss (million): NIL
Bonus/Div: 266

Faisal Spinning Mills Limited (FASM)
Profit/Loss (million): NIL
Bonus/Div: 243.65

Nimir Industrial Chemical Limited (NICL)
Profit/Loss (million): NIL
Bonus/Div: 50

Asia Insurance Corpoaration (ASIC)
Profit/Loss (million): NIL
Bonus/Div: 23.25

Popular Islamic Modaraba (PIM)
Profit/Loss (million): NIL
Bonus/Div: 8.95

Ravi Textiles (RAVT)
Profit/Loss (million): NIL
Bonus/Div: 4.81

Nagina Cotton Mills Limited (NAGC)
Profit/Loss (million): NIL
Bonus/Div: 55.5

Linde Pakistan Limited (LINDE)
Profit/Loss (million): NIL
Bonus/Div: 269

Glamour Tex (GLAT)
Profit/Loss (million): NIL
Bonus/Div: 50.11

Millat Tractors Limited (MTL)
Profit/Loss (million): NIL
Bonus/Div: 1464

Dolmen City REIT (DCR)
Profit/Loss (million): NIL
Bonus/Div: 11.3

Gharibwal Cement (GWLC)
Profit/Loss (million): NIL
Bonus/Div: 61

Cresent Star Insurance (CSIL)
Profit/Loss (million): NIL
Bonus/Div: 9.9

Al-Ghazi Tractors Limited (AGTL)
Profit/Loss (million): 250%
Bonus/Div: 662

Trust Sec & Brokrage (TSBL)
Profit/Loss (million): NIL
Bonus/Div: 16.14

Security Inv. Bank (SIBL)
Profit/Loss (million): NIL
Bonus/Div: 6.96

Macpac Films Limited (MACFL)
Profit/Loss (million): NIL
Bonus/Div: 23

Maqbool Textile (MQTM)
Profit/Loss (million): NIL
Bonus/Div: 29.29

K.s.b.pumps (KSBP)
Profit/Loss (million): NIL
Bonus/Div: 400

Lotte Chemical Limited (LOTCHEM)
Profit/Loss (million): NIL
Bonus/Div: 11.85

Shezan International (SHEZ)
Profit/Loss (million): NIL
Bonus/Div: 416

Dadex Enternit (DADX)
Profit/Loss (million): NIL
Bonus/Div: 68.5

National Food Limited (NATF)
Profit/Loss (million): NIL
Bonus/Div: 335.11

Khalid Siraj Tex (KSTM)
Profit/Loss (million): NIL
Bonus/Div: 4.8

Shiffi Chemical Industries Limited (SHCI)
Profit/Loss (million): NIL
Bonus/Div: 8.57

Toweller Limited (TOWL)
Profit/Loss (million): NIL
Bonus/Div: 44.65

Nimir Resins Limited (NRSL)
Profit/Loss (million): NIL
Bonus/Div: 10.2

Maple Leaf Cement (MLCF)
Profit/Loss (million): NIL
Bonus/Div: 126.5

Bank Al-Habib Limited (BAHL)
Profit/Loss (million): NIL
Bonus/Div: 53

SME Leasing Limited (SLL)
Profit/Loss (million): NIL
Bonus/Div: 5.01

Pakistan Gum & Chemical (PGCL)
Profit/Loss (million): NIL
Bonus/Div: 130

Gammon Pakistan (GAMON)
Profit/Loss (million): NIL
Bonus/Div: 36.5

Bolan Casting (BCL)
Profit/Loss (million): NIL
Bonus/Div: 178.8

Rupali Polyester (RUPL)
Profit/Loss (million): NIL
Bonus/Div: 17.36

Lalpir Power Limited (LPL)
Profit/Loss (million): NIL
Bonus/Div: 21.8

Al-noor Modarab 1st (FANM)
Profit/Loss (million): NIL
Bonus/Div: 5

IGI Life Insurance Limited (IGIL)
Profit/Loss (million): 8% B
Bonus/Div: 86

Golden Arrow (GASF)
Profit/Loss (million): 22%
Bonus/Div: 14.75

Sazgar Engineering (SAZEW)
Profit/Loss (million): NIL
Bonus/Div: 103.69

TPL Trakker Limited (TPL)
Profit/Loss (million): NIL
Bonus/Div: 14.35

Pakistan Services Limited (PSEL)
Profit/Loss (million): 50%
Bonus/Div: 939

Goodluck Industries (GIL)
Profit/Loss (million): NIL
Bonus/Div: 500

Pak Hotels Developers (PHDL)
Profit/Loss (million): NIL
Bonus/Div: 116.45

Descon Oxychem Limited (DOL)
Profit/Loss (million): NIL
Bonus/Div: 24.01

Shams Tex (STML)
Profit/Loss (million): NIL
Bonus/Div: 33

Mari Gas Company Limited (MARI)
Profit/Loss (million): NIL
Bonus/Div: 1606

Mubarak Textile (MUBT)
Profit/Loss (million): NIL
Bonus/Div: 7.11

Colgate Palmolives (COLG)
Profit/Loss (million): NIL
Bonus/Div: 2100

Otsuka Pakistan Limited (OTSU)
Profit/Loss (million): NIL
Bonus/Div: 235.15

Mian Textile (MTIL)
Profit/Loss (million): NIL
Bonus/Div: 4.8

Saif Power Limited (SPWL)
Profit/Loss (million): NIL
Bonus/Div: 31.5

Sui Northern Gas Pipelines Limited (SNGP)
Profit/Loss (million): NIL
Bonus/Div: 163

Diamond Industries (DIIL)
Profit/Loss (million): NIL
Bonus/Div: 26.22

Al-Khair Gadoon Limited (AKGL)
Profit/Loss (million): NIL
Bonus/Div: 13.5

Pak Suzuki Motor Company Limited (PSMC)
Profit/Loss (million): NIL
Bonus/Div: 794.59

Orix Leasing (OLPL)
Profit/Loss (million): 69.6% R
Bonus/Div: 47.67

TPL Properties Limited (TPLPL)
Profit/Loss (million): NIL
Bonus/Div: 11.24

Kohinoor Mills (KML)
Profit/Loss (million): NIL
Bonus/Div: 48.35

Searle Pakistan (SEARL)
Profit/Loss (million): NIL
Bonus/Div: 678

Sitara Energy (SEL)
Profit/Loss (million): NIL
Bonus/Div: 29.2

Bata Pakistan Limited (BATA)
Profit/Loss (million): NIL
Bonus/Div: 4199

BIPL Securities Limited (BIPLS)
Profit/Loss (million): NIL
Bonus/Div: 10.2

Cyan Limited (CYAN)
Profit/Loss (million): NIL
Bonus/Div: 70.55

Punjab Modaraba Ist (FPJM)
Profit/Loss (million): NIL
Bonus/Div: 7.1

Arif Habib Limited (AHL)
Profit/Loss (million): NIL
Bonus/Div: 97.01

Sitara Peroxide (SPL)
Profit/Loss (million): NIL
Bonus/Div: 25.85

Dawood Equities Limited (DEL)
Profit/Loss (million): NIL
Bonus/Div: 7.91

B.r.r.guardian (BRR)
Profit/Loss (million): NIL
Bonus/Div: 9.39

Cresent Standard Modaraba (CSM)
Profit/Loss (million): NIL
Bonus/Div: 3.98

Berger Paints (BERG)
Profit/Loss (million): NIL
Bonus/Div: 238.97

Elite Capital Mod Ist (FECM)
Profit/Loss (million): NIL
Bonus/Div: 4.1

Power Cement Limited (POWER)
Profit/Loss (million): 162%
Bonus/Div: 19.61

Suraj Cotton (SURC)
Profit/Loss (million): NIL
Bonus/Div: 153

Pakistan International Container Limited (PICT)
Profit/Loss (million): 38%
Bonus/Div: 425

Dawood Lawrencepur Limited (DLL)
Profit/Loss (million): NIL
Bonus/Div: 218.7

Fateh Sports Wear (FSWL)
Profit/Loss (million): NIL
Bonus/Div: 57.85

Fateh Industries Limited (FIL)
Profit/Loss (million): NIL
Bonus/Div: 176.59

Paramount Mod.ist (FPRM)
Profit/Loss (million): NIL
Bonus/Div: 9.95

ENGRO Fertilizer Limited. (EFERT)
Profit/Loss (million): NIL
Bonus/Div: 61.84

Glaxosmithkline (GLAXO)
Profit/Loss (million): NIL
Bonus/Div: 212

Askari General Insurance (AGIC)
Profit/Loss (million): NIL
Bonus/Div: 30

Thal Limited (THALL)
Profit/Loss (million): NIL
Bonus/Div: 577

Karam Ceramics (KCL)
Profit/Loss (million): NIL
Bonus/Div: 27.08

Century Paper & Board Mills Limited (CEPB)
Profit/Loss (million): NIL
Bonus/Div: 76.25

Fauji Fertilizer Bin Qasim (FFBL)
Profit/Loss (million): NIL
Bonus/Div: 51.43

Bank Alfalah Limited (BAFL)
Profit/Loss (million): NIL
Bonus/Div: 38.5

Haji Mohammad Ismail (HMIM)
Profit/Loss (million): NIL
Bonus/Div: 9

Ittehad Chemical (ICL)
Profit/Loss (million): NIL
Bonus/Div: 36.55

First Dawood Investment Bank Limited (FDIBL)
Profit/Loss (million): NIL
Bonus/Div: 5.1

Kohinoor Energy Limited (KOHE)
Profit/Loss (million): 15%
Bonus/Div: 41.55

Ismail Industries (ISIL)
Profit/Loss (million): NIL
Bonus/Div: 390

Grays Leasing (GRYL)
Profit/Loss (million): NIL
Bonus/Div: 5.5

Thatta Cement Company Limited (THCCL)
Profit/Loss (million): NIL
Bonus/Div: 49

Altern Energy Limited (ALTN)
Profit/Loss (million): NIL
Bonus/Div: 41

Hira Textile Mills Limited (HIRAT)
Profit/Loss (million): NIL
Bonus/Div: 12.71

Crescent Jute (CJPL)
Profit/Loss (million): NIL
Bonus/Div: 5.4

Awwal Modaraba (AWWAL)
Profit/Loss (million): NIL
Bonus/Div: 9.55

Hamid Textile Mills Limited (HATM)
Profit/Loss (million): NIL
Bonus/Div: -

Invest & Finance Securities Limited (IFSL)
Profit/Loss (million): NIL
Bonus/Div: 119

Shahzad Tex (SZTM)
Profit/Loss (million): NIL
Bonus/Div: 25.7

Indus Motor (INDU)
Profit/Loss (million): 300%
Bonus/Div: 1845.74

Taha Spinning (THAS)
Profit/Loss (million): NIL
Bonus/Div: 70

Orix Modaraba (ORIXM)
Profit/Loss (million): NIL
Bonus/Div: 23.3

GOC (PAK) LIMITED (GOC)
Profit/Loss (million): NIL
Bonus/Div: 71

Gillette Pakistan (GLPL)
Profit/Loss (million): NIL
Bonus/Div: 353.4

ZIL Limited (ZIL)
Profit/Loss (million): NIL
Bonus/Div: 188.6

Loads Limited (LOADS)
Profit/Loss (million): NIL
Bonus/Div: 50.01

First Credit & Investment Bank Limited (FCIBL)
Profit/Loss (million): NIL
Bonus/Div: 6.6

Azgard Nine Limited (ANL)
Profit/Loss (million): NIL
Bonus/Div: 13.24

Hi Tech Lubricants limited (HTL)
Profit/Loss (million): NIL
Bonus/Div: 106

Ecopack Limited (ECOP)
Profit/Loss (million): NIL
Bonus/Div: 24.8

Shabbir Tiles & Ceramics (STCL)
Profit/Loss (million): NIL
Bonus/Div: 16.38

Ibrahim Fibres (IBFL)
Profit/Loss (million): NIL
Bonus/Div: 70

Pakistan State Oil (PSO)
Profit/Loss (million): NIL
Bonus/Div: 447

Dynea Pakistan Limited (DYNO)
Profit/Loss (million): NIL
Bonus/Div: 77.78

Nishat Mills Limited (NML)
Profit/Loss (million): NIL
Bonus/Div: 163.48

Lucky Cement (LUCK)
Profit/Loss (million): NIL
Bonus/Div: 895

MCB-Arif Habib Savings and Investments Limited (MCBAH)
Profit/Loss (million): NIL
Bonus/Div: 29.07

Sitara Chemicals (SITC)
Profit/Loss (million): NIL
Bonus/Div: 565

Rafhan Maiz Prod. (RMPL)
Profit/Loss (million): 1000%
Bonus/Div: 7200

Philip Morris(Pak) Limited (PMPK)
Profit/Loss (million): NIL
Bonus/Div: 2600

National Bank Of Pakistan Limited (NBP)
Profit/Loss (million): NIL
Bonus/Div: 62.5

Engro Powergen Qadirpur Limited (EPQL)
Profit/Loss (million): NIL
Bonus/Div: 33.54

First National Bank Modaraba (FNBM)
Profit/Loss (million): NIL
Bonus/Div: 3.5

International Ind. (INIL)
Profit/Loss (million): NIL
Bonus/Div: 270

Fauji Foods Limited (FFL)
Profit/Loss (million): NIL
Bonus/Div: 108

Bank Of Khyber (BOK)
Profit/Loss (million): NIL
Bonus/Div: 13.91

Ghazi Fabrics (GFIL)
Profit/Loss (million): NIL
Bonus/Div: 7.4

Bestway Cement (BWCL)
Profit/Loss (million): 30%
Bonus/Div: 279.9

Din Textile Mills Limited (DINT)
Profit/Loss (million): NIL
Bonus/Div: 119

Oil & Gas Development Corp. Limited (OGDC)
Profit/Loss (million): 15%
Bonus/Div: 157

INVESTMENT CAPITAL BANK (ICIBL)
Profit/Loss (million): NIL
Bonus/Div: 2.19

PAK ELEKTRON LIMITED (PAEL)
Profit/Loss (million): NIL
Bonus/Div: 96.79

Pakistan Stock Exchange (PSX) Weekly Analysis 23 April, 2017

BUY recommendations are ABL, AICL, APL, ASC, BAFL, BAHL, DGKC, EFERT, EFOODS, ENGRO, FCCL, FFBL, FFC, GWLC, HBL, HASCOL, HTL, INDU, KAPCO, KEL, KOHC, LPL, LUCK, MCB, MEBL, MLCF, MTL, NBP, NATF, NCL, NCPL, NML, NPL, OGDC, PIOC, PKGP, POL, POWER, PPL, PSO, PTC, SEARL, TGL and UBL..

Top gainers of last week were: PAEL, SNGP, CHCC, TRG, HCAR, MARI, GHGL, MTL, HASCOL and NML.

Top losers of last week were: FML, ATRL, ISL, SPWL, NPL, MCB, IBFL, PICT, SRVI and OLPL.

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

The Pakistan Stock Exchange (PSX) market index started off on a weaker note but gained momentum during the latter half of the week, posting the highest ever intra-day level of 49,505pts following the Panama verdict which was taken positively by the investors. KSE-100 index has reached on 49,709 by increasing 2132 points or 4.48 %, while KSE-30 index reached on 26,454 by increasing 1242 points or 4.93 %.

Average daily traded volumes also picked up by +62%WoW to 278mn with foreigners remaining net sellers offloading shares worth USD31.97mn vs. USD2.84mn in previous week, with increased volumes allowing them to book gains and reshuffle their portfolios.

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


  • With verdict on Panama case out, the benchmark KSE‐100 index returned 4.48%WoW to close the week at 49,709pts. In this regard, Supreme Court (SC) while forming a Joint Investigation Team (JIT) stayed short of disqualifying the Prime Minister (PM) in the Panama ‐gate decision. The JIT (to be comprised of one senior official each from the FIA, NAB, SECP, SBP, ISI and MI) has been tasked to further probe offshore assets (incl. money transfer to Qatar) of the PM’s family
  • Amreli Steel Ltd. announced expansion in its Billets and Rebar capacity 
  • Punjab Government unveiled its plan to launch the Orange cap scheme as a youth employment initiative. This initiative is expected to benefit PSMC and the stock was seen closing at its upper limit during the day
  • Net foreign direct investment (FDI) soared 12.4%YoY to US$1.6bn during 9MFY17
  • FY18 federal budget would be presented on May 16’17 as announced by Finance Minister
  • Current account deficit (CAD) increased by 161%YoY to US$6.13bn during 9MFY17
  • The Planning Commission has received a demand of PKR1.8trn from various ministries and agencies for next year’s development schemes, but the commission was proposing PKR1trn for the PSDP of FY18 
  • The country’s total FX reserves dropped to US$21.57bn by April 14, 2017, down 0.8% WoW. Reserves held by SBP fell to US$16.42bn from US$16.69bn in the previous week, while reserves held by Commercial Banks rose 1.9% WoW to US$5.15bn from US$5.06bn last week 
  • The government has decided to announce the budget for financial year 2017-18 on May 26
  • The Auto Indus-try Development Committee (AIDC) has reportedly approved Brownfield status for M/s Dewan Farooque Motors Limited (DFML) and rejected application of existing player M/s Al-Haj FAW Motors (Pvt) Ltd which sought Greenfield status, well-informed sources told Business Recorder
  • The government is set to increase the rates of 56 withholding taxes (WHTs) for non-filers of income tax returns in the next fiscal year
  • Oil & Gas Development Company (OGDC) announced 3QFY17 EPS of Rs4.1/sh, up 89% YoY and inline with our expectations. Earnings growth stemmed from higher oil prices & production. OGDC announced interim cash dividend of Rs1.5/share
  • National Bank of Pakistan (NBP) announced 1Q2017 consolidated EPS of Rs1.98/sh, up 3% YoY. Despite flat Net Interest Income (NII), earnings were supported by 62% YoY higher capital gains. The result was inline with our expectations
  • Fatima Fertilizer (FATIMA) announced 1Q2017 consolidated EPS of Rs0.91/sh, up 117% YoY and inline with our expectations. Earnings growth stemmed from better off-take and lower discounts offered
  • Kot Addu Power Company (KAPCO) reported 3QFY17 EPS of Rs2.9, up 38% YoY and inline with market expectations

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 94.2
Target Price: PKR 132

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 73.02
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 653.1
Target Price: PKR 796

Al Shaheer Corporation Ltd. (ASC) – BUY 
Current Price: PKR 47.62
Target Price: PKR 82

Bank Al-Falah Limited (BAFL) – BUY 
Current Price: PKR 38.4
Target Price: PKR 42

Bank Al-Habib Limited (BAHL) – BUY 
Current Price: PKR 52.24
Target Price: PKR 64

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 230.8
Target Price: PKR 270

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 62.6
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 161.66
Target Price: PKR 225

Engro Corporation (ENGRO) – BUY
Current Price: PKR 367.24
Target Price: PKR 391

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 44.1
Target Price: PKR 54

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

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 101.2
Target Price: PKR 122.0

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 62.0
Target Price: PKR 104.0

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 275.6
Target Price: PKR 304

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 347.76
Target Price: PKR 428

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 108.01
Target Price: PKR 133

Indus Motors (INDU) – BUY
Current Price: PKR 1,757.9
Target Price: PKR 1,974

Kot Adu Power (KAPCO) – BUY
Current Price: PKR 75.92
Target Price: PKR 107

K-Electric (KEL) – BUY
Current Price: PKR 8.2
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 276.0
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 20.79
Target Price: PKR 46

Lucky Cement (LUCK) – BUY 
Current Price: PKR 892.3
Target Price: PKR 1,046

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 212.72
Target Price: PKR 280

Meezan Bank (MEBL) – BUY 
Current Price: PKR 79.38
Target Price: PKR 90

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 124.6
Target Price: PKR 154.0

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,385.1
Target Price: PKR 1,594.8

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 63.3
Target Price: PKR 74

National Foods (NATF) – BUY 
Current Price: PKR 331.27
Target Price: PKR 473

Nishat Chunian (NCL) – BUY 
Current Price: PKR 57.8
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 46.43
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 166.7
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 49.60
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 153.4
Target Price: PKR 200

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 145.0
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 20.79
Target Price: PKR 47

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 477.85
Target Price: PKR 569.4

Power Cement (POWER) – BUY 
Current Price: PKR 19.71
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 162.5
Target Price: PKR 218

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 443.4
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 16.76
Target Price: PKR 21.9

The Searle Co. Ltd (SEARL) – BUY 
Current Price: PKR 677.7
Target Price: PKR 816.6

Tariq Glass (TGL) – BUY 
Current Price: PKR 117.1
Target Price: PKR 134

United Bank Limited (UBL) – BUY 
Current Price: PKR 245.7
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 17 April, 2017

BUY recommendations are ABL, ACPL, AICL, APL, ASC, BAFL, BAHL, DGKC, EFERT, EFOODS, ENGRO, FCCL, FFBL, FFC, GTYR, GWLC, HASCOL, HBL, HCAR, HTL, INDU, KAPCO, KEL, KOHC, LPL, LUCK, MCB, MEBL, MLCF, MTL, NBP, NATF, NCL, NCPL, NML, NPL, OGDC, PIOC, PKGP, POL, POWER, PPL, PSO, PTC, SEARL, TGL and UBL..

Top gainers of last week were: POML, PSMC, HASCOL, SSGC, MUREB, IDYM, COLG, FEROZ, PIOC and JLICL.

Top losers of last week were: JGICL, FATIMA, PAKT, MARI, EFOODS, NML, GLAXO, PMPK, BNWM and BATA.

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

The Pakistan Stock Exchange (PSX) market index exhibited heightened levels of volatility, trading in a 880point/2%-wide range which drew out improved participation as ADT volume/value was up 10%/9% WoW to 171mn.sh/US$87mn. KSE-100 index has reached on 47,577 by decreasing -312 points or - 0.65 %, while KSE-30 index reached on 25,212 by decreasing -206 points or - 0.81 %.

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


  • Pak-Suzuki plans to replace the current Cultus model with the latest available international model. The same model is known as Celerio internationally. Suzuki Cultus 2017 is set to launch on April 22nd, 2017. There is no official word on the pricing yet, though, it is expected to cost around Rs. 1,250,000
  • CPEC investments increased to USD62bn
  • Despite CM Sinds threats SSGC rallied 7% as investors were likely more thrilled with lifting of moratorium on gas connections & RLNG pipeline project
  • The foreign investors resorted to step out as the FIPI number punched a net outflow of USD 2.21bn, while local banks also shared the sentiments as they further fueled the selling spree
  • A German company namely Fugro is set to start its work on second phase of exploration of mineral resources in Chiniot and its ad-joining areas
  • The Ministry of Petroleum and Natural Resources has submitted a proposal to the federal Cabinet on import of Liquefied Natural Gas (LNG) from Italy on government-to-government basis, a country which itself is a major importer of gas, which may make the proposed deal controversial
  • Bestway Cement Ltd (BCL) has said it is pulling out of a deal to acquire Dewan Cement Ltd’s (DCL) north plant due to delay and uncertainty arising out of the recent legal proceedings initiated in the Sindh High Court (SHC)
  • The United Arab Emirates (UAE) has allowed transportation of halal products from Paki-stan via sea which would bring down freight cost by one third
  • Forbes Maga-zine has rated General Tyre amongst Asia's 200 best companies below 1 Billion Club for 2016
  • The Federal Cabinet on Wednesday approved a number of agenda items, enhancing cooperation and agreements between Pakistan and other countries in the field of aviation, defense, interior, health, law and order and others. The cabinet also approved a policy to outsource the management of the country's three major airports along the lines of a public-private part-nership. Karachi, Lahore and Islamabad's international airports would be the first to be tackled by this change in policy
  • Member IT of the Federal Board of Revenue (FBR) disclosed Thursday that the federal budget for 2017-18 would be announced in the third week of May 2017 and a leg-islation would be proposed in Finance Bill 2017 to exempt mobile phone subscribers (below taxable limit) from payment of withholding tax in cases where they are not liable to file returns
  • Foreigners turned net sellers during the week, offloading USD2.84mn worth of shares


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 92.0
Target Price: PKR 132

Attock Cement Ltd. (ACPL) – BUY 
Current Price: PKR 338.0
Target Price: PKR 372.0

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 69.68
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 629.1
Target Price: PKR 796

Al Shaheer Corporation Ltd. (ASC) – BUY 
Current Price: PKR 46.10
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 51.50
Target Price: PKR 64

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 230.8
Target Price: PKR 270

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 60.8
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 152.65
Target Price: PKR 225

Engro Corporation (ENGRO) – BUY
Current Price: PKR 343.78
Target Price: PKR 391

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 41.7
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 52.5
Target Price: PKR 67

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 97.8
Target Price: PKR 122.0

General Tyre & Rubber (GTYR) – BUY 
Current Price: PKR 303.92
Target Price: PKR 313

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 58.3
Target Price: PKR 104.0

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 268.7
Target Price: PKR 304

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 777.2
Target Price: PKR 912.2

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 317.49
Target Price: PKR 428

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 101.51
Target Price: PKR 133

HUB Power Company (HUBCO) – BUY 
Current Price: PKR 126.1
Target Price: PKR 138.5

Indus Motors (INDU) – BUY
Current Price: PKR 1,674.8
Target Price: PKR 1,974

Kot Adu Power (KAPCO) – BUY
Current Price: PKR 74.98
Target Price: PKR 107

K-Electric (KEL) – BUY
Current Price: PKR 8.0
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 264.7
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 21.55
Target Price: PKR 46

Lucky Cement (LUCK) – BUY 
Current Price: PKR 867.3
Target Price: PKR 1,046

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 218.19
Target Price: PKR 280

Meezan Bank (MEBL) – BUY 
Current Price: PKR 74
Target Price: PKR 90

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 122.0
Target Price: PKR 154.0

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,264.2
Target Price: PKR 1,594.8

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 62.0
Target Price: PKR 74

National Foods (NATF) – BUY 
Current Price: PKR 329.06
Target Price: PKR 473

Nishat Chunian (NCL) – BUY 
Current Price: PKR 55.1
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 47.01
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 152.6
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 50.96
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 153.4
Target Price: PKR 200

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 145.0
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 21.11
Target Price: PKR 47

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 458.71
Target Price: PKR 569.4

Power Cement (POWER) – BUY 
Current Price: PKR 18.68
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 162.2
Target Price: PKR 218

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 420.4
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 15.9
Target Price: PKR 21.9

The Searle Co. Ltd (SEARL) – BUY 
Current Price: PKR 640.0
Target Price: PKR 816.6

Tariq Glass (TGL) – BUY 
Current Price: PKR 117.1
Target Price: PKR 134

United Bank Limited (UBL) – BUY 
Current Price: PKR 235.5
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 9 April, 2017

BUY recommendations are ABL, AICL, APL, ASC, BAFL, BAHL, DGKC, EFERT, EFOODS, ENGRO, FCCL, FFBL, FFC, GTYR, GWLC, HBL, HASCOL, HTL, INDU, KAPCO, KEL, KOHC, LPL, LUCK, MCB, MEBL, MLCF, MTL, NBP, NATF, NCL, NCPL, NML, NPL, OGDC, PIOC, PKGP, POL, POWER, PPL, PSO, PTC, SEARL, TGL and UBL..

Top gainers of last week were: SSGC, MARI, INDU, MEBL, FEROZ, PPL, UBL, SNBL, HCAR and BATA.

Top losers of last week were: NBP, EFUG, BOP, IDYM, COLG, NCL, CJPL, JSCL, IBFL and AICL.

Top Volume Leaders of last week: BOP, TRG, KEL, NBP, EFERT, SNGP, SSGC, PAEL, FFBL, FFC, and BAFL.

The Pakistan Stock Exchange (PSX) market index sustained its lackluster performance during the week as uncertainty from the possible verdict on Panama case persisted while volumes remained thin owing to absence of leverage product. KSE-100 index has reached on 47,889 by decreasing -267 points or -0.55 %, while KSE-30 index reached on 25,418 by decreasing -198 points or -0.77 %.

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


  • Foreigners turned net buyers in the outgoing week, mopping up USD9.25mn worth of shares against net sell of USD19mn in the preceding week. Whereas, Banks & DFIs remained net sellers, selling USD 16.8mn worth of shares
  • Large Scale Manufacturing (LSM) sector recorded a growth of 3.9 percent during the first half of FY17, the same level realised last year, the State Bank of Pakistan's second quarterly report
  • The Pakistan Tele-communication Authority (PTA) has formally invited applications from interested mobile phone service providers to participate in the auction for a 3G/4G mobile internet licence
  • The Punjab government on Monday withdrew a ban imposed on cotton cultivation before 15 April, although it didn’t unveil any plan to pro-vide irrigation water for the crop’s sowing
  • Bestway Cement (BWCL) notified the bourse that they will not be proceeding with the acquisition of Dewan Cement’s (DCL) North Plant due to delay & uncertainty from legal proceedings. DCL share price rose to its upper limit (5%) as investors likely viewed the decision to retain the plant as more favorable for DCL shareholders in the long run 
  • Asian Development Bank (ADB) projected Pakistan’s economic growth at 5.2% for the current fiscal year due to better security, macroeconomic stability and investment under the CPEC projects. “The GDP growth is expected to edge up to 5.2% in FY2017 and 5.5% in FY2018, underpinned by higher growth in the major industrial economies,” the ADB’s new Asian Development Outlook (ADO) 2017 stated


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 93.00
Target Price: PKR 132

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 71.46
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 624.7
Target Price: PKR 796

Al Shaheer Corporation Ltd. (ASC) – BUY 
Current Price: PKR 46.22
Target Price: PKR 82

Bank Al-Falah Limited (BAFL) – BUY 
Current Price: PKR 36.8
Target Price: PKR 42

Bank Al-Habib Limited (BAHL) – BUY 
Current Price: PKR 52.11
Target Price: PKR 64

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 230.3
Target Price: PKR 270

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 61.5
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 163.65
Target Price: PKR 225

Engro Corporation (ENGRO) – BUY
Current Price: PKR 354.78
Target Price: PKR 391

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 42.3
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 51.0
Target Price: PKR 67

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 100.5
Target Price: PKR 122.0

General Tyre & Rubber (GTYR) – BUY 
Current Price: PKR 292.42
Target Price: PKR 313

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 58.3
Target Price: PKR 104.0

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 267.25
Target Price: PKR 304

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 295.89
Target Price: PKR 428

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 102.01
Target Price: PKR 133

Indus Motors (INDU) – BUY
Current Price: PKR 1,678.80
Target Price: PKR 1,974

Kot Adu Power (KAPCO) – BUY
Current Price: PKR 76.50
Target Price: PKR 107

K-Electric (KEL) – BUY
Current Price: PKR 8.2
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 269.9
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 22.01
Target Price: PKR 46

Lucky Cement (LUCK) – BUY 
Current Price: PKR 866.37
Target Price: PKR 1,046

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 220.30
Target Price: PKR 280

Meezan Bank (MEBL) – BUY 
Current Price: PKR 74.98
Target Price: PKR 90

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 124.9
Target Price: PKR 154.0

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,323.16
Target Price: PKR 1,594.8

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 60.2
Target Price: PKR 74

National Foods (NATF) – BUY 
Current Price: PKR 330.00
Target Price: PKR 473

Nishat Chunian (NCL) – BUY 
Current Price: PKR 56.56
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 47.36
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 161.99
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 49.56
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 152.2
Target Price: PKR 200

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 140.0
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 21.79
Target Price: PKR 47

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 445
Target Price: PKR 569.4

Power Cement (POWER) – BUY 
Current Price: PKR 18.95
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 159.1
Target Price: PKR 218

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 417.0
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 16.2
Target Price: PKR 21.9

The Searle Co. Ltd (SEARL) – BUY 
Current Price: PKR 621.15
Target Price: PKR 816.6

Tariq Glass (TGL) – BUY 
Current Price: PKR 117.1
Target Price: PKR 134

United Bank Limited (UBL) – BUY 
Current Price: PKR 234.8
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