Pakistan Stock Exchange (PSX) Weekly Analysis 28 May, 2017

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

Top gainers of last week were: THALL, ISL, HASCOL, PSMC, DAWH, IDYM, ICI, PAEL, OGDC and MEBL.

Top losers of last week were: CJPL, FML, PICT, NPL, ACPL, BOP, JDWS, BWCL, IGIIL and MUREB.

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

The Pakistan Stock Exchange (PSX) market index started the week on a bullish note as the MSCI led excitement made a comeback with top index names especially those in oil and banking propelled the benchmark to within touching distance of the coveted 53K level.  KSE-100 gained 1,895pts in the outgoing week as investors accumulated index heavy names ahead of MSCI EM inclusion next week. Index point leaders were OGDC (+9.4%), ENGRO (+7.4%), HUBC (+6.6%), PPL (+7.3%) & HBL (+3%) adding 720pts. In terms of absolute return, MSCI EM Small Cap surprises THALL & ISL gained almost 15% during the outgoing week.

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


  • The market’s traction subsided in the later half of the week as the approach of federal budget and the holy month of Ramadan from next week prompted investors to book gains
  • Tax on dividends increased from 12.5% to 15.0%.
  • A blanket rate of 15% Capital Gains Tax on filers and 20% on non-filers has been imposed
  • Tax on dividend income from mutual funds to be raised from existing 10.0% to 12.5%
  • Corporate tax rate reduced by 1% to 30%
  • Super tax of 3/4% on non-banking companies/banks extended for another year
  • Tax credit on stock exchange listing to be increased from current 20% for first two years to 20% for two years and 10% for each of the third and fourth years
  • Minimum turnover tax to be increased from 1% to 1.25%
  • Minimum wage increased from PKR14,000 to 15,000 per month
  • Withholding tax exemptions will be given on withdrawal of cash from branchless banking
  • Islamic Banking instruments such as - Musharika, Ijarah, Murabaha to be taxed in line with conventional products
  • National Bank of Pakistan and ZTBL will launch a scheme for farmers with holdings of less than 12.5 acres to provide agricultural loans at a reduced rate of 9.9% per annum (total project outlay: PKR1,001bn)
  • A PKR8bn fund will be set up at the State Bank of Pakistan to provide loans to low-income segments through microfinance banks
  • Tax on interest income where markup does not exceed PKR5mn to be levied at 10% between PKR5-25mn-12.5%, and above PKR25mn-15.0%
  • Finance ministry has termed current account deficit (CAD) projection of 3.1 percent, set by the planning ministry for the next fiscal year, as ‘too high’, saying such a forecast might affect the country’s foreign ratings, sources said on Friday. The ministry of planning, in a summary for-warded to the National Economic Council (NEC), revised down current account deficit to 2.7 percent of GDP, or $9.1 billion, for 2017/18, from an earlier 3.1 percent or $10.4 billion
  • Government will soon start offering re-gasified liquefied natural gas (RLNG) connections to commercial consumers for the first time as locally-produced gas is not available for them in the Punjab, officials said on Friday. Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi confirmed that the government planned to supply RLNG to commercial consumers. Ample RLNG supplies are available for domestic use and it would be a wise move to utilise the fuel wherever required, Abbasi said
  • ICI Pakistan Limited is pleased to announce that on May 19, 2017, the Company executed Asset Purchase Agreements with Wyeth Pakistan Limited and Pfizer Pakistan Limited, for the acquisition of certain assets at the aggregate purchase price of PKR 1.91 billion
  • The Oil and Gas Regulatory Authority (Ogra) has allowed Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) to lay 18,531km gas pipelines in their respective operational areas at the cost of Rs29,371 million during the last five years
  • The Ministry of Water and Power on Monday briefed the Public Accounts Committee (PAC) regarding the status of power generation in the country


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 99.97
Target Price: PKR 132

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 80.18
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 682.62
Target Price: PKR 796

Bank Al-Habib Limited (BAHL) – BUY 
Current Price: PKR 62.93
Target Price: PKR 64

Cherat Cement Company Limited (CHCC) – BUY 
Current Price: PKR 188.88
Target Price: PKR 251

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 242.88
Target Price: PKR 270

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 59.15
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 157.58
Target Price: PKR 225

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 33.08
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 46.41
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 49.61
Target Price: PKR 67

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 96.78
Target Price: PKR 122.0

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 299.22
Target Price: PKR 334

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 389.41
Target Price: PKR 428

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 120.21
Target Price: PKR 133

HUBCO (HUBC) – BUY 
Current Price: PKR 132.60
Target Price: PKR 144

Kot Adu Power (KAPCO) – BUY
Current Price: PKR 77.09
Target Price: PKR 107

K-Electric (KEL) – BUY
Current Price: PKR 7.82
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 245.37
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 20.87
Target Price: PKR 46

Lucky Cement (LUCK) – BUY 
Current Price: PKR 952.45
Target Price: PKR 1,046

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,687.43
Target Price: PKR 2,068.2

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 242.56
Target Price: PKR 280

Meezan Bank (MEBL) – BUY 
Current Price: PKR 85.02
Target Price: PKR 90

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 118.54
Target Price: PKR 154.0

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,550.85
Target Price: PKR 1,594.8

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 67.09
Target Price: PKR 74

National Foods (NATF) – BUY 
Current Price: PKR 332
Target Price: PKR 473

Nishat Chunian (NCL) – BUY 
Current Price: PKR 61.82
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 44.60
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 177.74
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 46.02
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 183.77
Target Price: PKR 200

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 146.14
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 20.77
Target Price: PKR 47

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 520.74
Target Price: PKR 569.4

Power Cement (POWER) – BUY 
Current Price: PKR 15.34
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 183.49
Target Price: PKR 218

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 473.34
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 16.10
Target Price: PKR 21.9

The Searle Co. Ltd (SEARL) – BUY 
Current Price: PKR 615.44
Target Price: PKR 816.6

Tariq Glass (TGL) – BUY 
Current Price: PKR 127.22
Target Price: PKR 134

United Bank Limited (UBL) – BUY 
Current Price: PKR 256.92
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 22 May, 2017

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

Top gainers of last week were: CJPL, SHFA, PICT, PGF, POL, ARM, ACPL, SCBPL, JLICL and PAKT.

Top losers of last week were: PSMC, OLPL, FML, HUBC, UBL, MCB, CHCC, FABL, TRG and CPPL.

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

The Pakistan Stock Exchange (PSX) market index was stuck in noose of profit taking post MSCI reconstitution, which came in nothing less than a surprise. KSE-100 index close at 50,742 points by losing 1008 points or -1.9%.

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


  • Foreigners remained net sellers offloading shares worth USD16.4mn
  • SBP grants banking licence to Bank of China
  • Grant of $300m contingent on keeping NEPRA’s powers
  • Govt to lift ban on imported fuel-based power plants
  • MSCI announced the results of the May 2017 Semi-Annual Index Review for the MSCI Equity Indexes, where MSCI reclassified the MSCI Pakistan Indexes from Frontier Markets (FM) to Emerging Markets (EM). As expected, six Pakistani companies will be part of MSCI EM Index, namely Engro Corporation (ENGRO), Habib Bank (HBL), Lucky Cement (LUCK), MCB Bank (MCB), Oil and Gas Development (OGDC) and United Bank (UBL). The MSCI Pakistan Index will have a pro forma weight of 0.14% in the MSCI EM Index 
  • The Pakistan Stock Exchange (PSX) will offer 20 percent of the total paid-up capital of the company, comprising 160.295 million ordinary shares, and the entire offer will be through a book building process at a floor price of Rs28/share
  • Pakistan on Tuesday signed a memorandum of understanding with the Alibaba Group Holdings Limited to promote country's worldwide exports by small and medium enterprises (SMEs) through e-commerce


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 97.12
Target Price: PKR 132

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 78.53
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 684.2
Target Price: PKR 796

Bank Al-Habib Limited (BAHL) – BUY 
Current Price: PKR 59.03
Target Price: PKR 64

Cherat Cement Company Limited (CHCC) – BUY 
Current Price: PKR 187.0
Target Price: PKR 251

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 235.4
Target Price: PKR 270

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 58.46
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 157.68
Target Price: PKR 225

Engro Corporation (ENGRO) – BUY
Current Price: PKR 370.87
Target Price: PKR 400

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 33.3
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 44.9
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 49.51
Target Price: PKR 67

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 95.2
Target Price: PKR 122.0

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 290.44
Target Price: PKR 334

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 343.09
Target Price: PKR 428

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 118.14
Target Price: PKR 133

HUBCO (HUBC) – BUY 
Current Price: PKR 124.4
Target Price: PKR 144

Kot Adu Power (KAPCO) – BUY
Current Price: PKR 77.21
Target Price: PKR 107

K-Electric (KEL) – BUY
Current Price: PKR 7.73
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 248.6
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 20.99
Target Price: PKR 46

Lucky Cement (LUCK) – BUY 
Current Price: PKR 940.85
Target Price: PKR 1,046

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,632.03
Target Price: PKR 2,068.2

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 235.88
Target Price: PKR 280

Meezan Bank (MEBL) – BUY 
Current Price: PKR 78.12
Target Price: PKR 90

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 117.9
Target Price: PKR 154.0

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,461.17
Target Price: PKR 1,594.8

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 67.33
Target Price: PKR 74

National Foods (NATF) – BUY 
Current Price: PKR 327.87
Target Price: PKR 473

Nishat Chunian (NCL) – BUY 
Current Price: PKR 58.70
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 45.14
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 167.40
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 47.8
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 168.0
Target Price: PKR 200

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 145.4
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 20.65
Target Price: PKR 47

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 504.80
Target Price: PKR 569.4

Power Cement (POWER) – BUY 
Current Price: PKR 14.49
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 171.0
Target Price: PKR 218

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 451.2
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 16.16
Target Price: PKR 21.9

The Searle Co. Ltd (SEARL) – BUY 
Current Price: PKR 598.03
Target Price: PKR 816.6

Tariq Glass (TGL) – BUY 
Current Price: PKR 124.39
Target Price: PKR 134

United Bank Limited (UBL) – BUY 
Current Price: PKR 247.7
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 14 May, 2017

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

Top gainers of last week were: AICL, ISL, MCB, FABL, CSAP, BAHL, FML, NESTLE, POL and NML.

Top losers of last week were: IDYM, ACPL, SNBL, PICT, BATA, POML, SHFA, PIBTL, HASCOL and ARM.

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

The Pakistan Stock Exchange (PSX) market index continued to follow positive trajectory for the second consecutive week ahead of Pakistan’s entry into MSCI EM index. KSE-100 index rose by 3.8% to close at 51,751 points whereas volumes/values also improved by 35% to 355mn shares/Rs18bn (US$180mn).

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


  • On the sector front; Oil & Gas Exploration sector outperformed the market growing by 7% driven by higher oil prices; followed by Commercial Banks that were up 5%. On the contrary, transport sector was down 2% as pressure was seen in PIA and PIBTL stocks.
  • Recent rebound in international crude underpinned by rising optimism of an extension in output cuts by OPEC members helped the local E&Ps to dash beyond 5.5% W/W
  • As per the notice Byco Petroleum (BYCO) stated that at a recent meeting, company’s BOD has resolved that following the merger of Byco Oil Pakistan Limited (BOPL) into BYCO, a total of 5bn new shares will be issued to the shareholders of BOPL, consistent with the prescribed ratio of 1.67 shares of BYCO for each share of BOPL as approved under the scheme. To recall, earlier this year (Jan 2017) Sindh High Court (SHC) approved and sectioned the scheme of arrangement governing the merger of BOPL and Byco Terminals Pakistan Limited into BYCO  
  • Cement names bobbed up more than 3.5% upon stellar domestic dispatches and auto-assemblers, synonymously, gained more than 2% over dazzling sales during the month of Apr’17
  • The Federal Board of Revenue (FBR) documented Rs56 billion worth of property transactions under the amnesty scheme granted for real estate sector during the past five months and through which it collected Rs1.5 billion in taxes
  • Engro Fertilizer Limited, the sixth largest urea producer in the world, has demanded government to allow exports of one million tons of urea this year instead of 300,000 tons in order to save the fertiliser from damage
  • Cement dispatches increased 6.2 per cent year-on-year to the record level of 33.88 million tonnes in the first 10 months of 2016-17. Domestic consumption was 29.871m tonnes while exports remained 4.01m tonnes in the 10 months
  • The government is likely to grant incentives to the telecom sector in the upcoming budget (2017-18), including possible reduction in with-holding tax from 14 to 10 per cent on telecom companies and grant of industry status to the sector
  • Pakistan Water and Power Development Authority (Wapda) is expected to raise $500 million by floating bonds in the international capital market backed by partial credit guarantees of the World Bank in a bid to finance the construction of 4,320-megawatt Dasu hydroelectric power project
  • The Oil and Gas Regulatory Authority (Ogra) has issued show-cause notices to seven top oil marketing companies (OMCs) for alleged overcharging and substandard sale of petroleum products in Azad Jammu and Kashmir (AJK)
  • The Institute of Policy Reforms (IPR) report states that economy of Pakistan faces enduring challenges like twin fiscal and current account deficits, insufficient funds for services and investment, and ineffective public spending
  • Foreigners remained net sellers during the week with a net FIPI outflow of USD2.6mn


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 95.53
Target Price: PKR 132

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 81.15
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 684.98
Target Price: PKR 796

Bank Al-Habib Limited (BAHL) – BUY 
Current Price: PKR 58.75
Target Price: PKR 64

Cherat Cement Company Limited (CHCC) – BUY 
Current Price: PKR 198.6
Target Price: PKR 251

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 239.26
Target Price: PKR 270

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 58.88
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 161.11
Target Price: PKR 225

Engro Corporation (ENGRO) – BUY
Current Price: PKR 383.22
Target Price: PKR 400

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 33.0
Target Price: PKR 45.1

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

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 49.99
Target Price: PKR 67

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 97.5
Target Price: PKR 122.0

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 307.29
Target Price: PKR 334

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 345.36
Target Price: PKR 428

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 116.12
Target Price: PKR 133

Kot Adu Power (KAPCO) – BUY
Current Price: PKR 76.98
Target Price: PKR 107

K-Electric (KEL) – BUY
Current Price: PKR 8.05
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 257.80
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 21.00
Target Price: PKR 46

Lucky Cement (LUCK) – BUY 
Current Price: PKR 994.65
Target Price: PKR 1,046

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,598.11
Target Price: PKR 2,068.2

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 254.00
Target Price: PKR 280

Meezan Bank (MEBL) – BUY 
Current Price: PKR 80.30
Target Price: PKR 90

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 120.51
Target Price: PKR 154.0

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,462.81
Target Price: PKR 1,594.8

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 68.7
Target Price: PKR 74

National Foods (NATF) – BUY 
Current Price: PKR 326.50
Target Price: PKR 473

Nishat Chunian (NCL) – BUY 
Current Price: PKR 58.65
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 44.9
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 172.19
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 49.11
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 165.70
Target Price: PKR 200

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 149.2
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 21.02
Target Price: PKR 47

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 475.7
Target Price: PKR 569.4

Power Cement (POWER) – BUY 
Current Price: PKR 14.54
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 167.3
Target Price: PKR 218

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 454.31
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 16.16
Target Price: PKR 21.9

The Searle Co. Ltd (SEARL) – BUY 
Current Price: PKR 610.2
Target Price: PKR 816.6

Tariq Glass (TGL) – BUY 
Current Price: PKR 127.65
Target Price: PKR 134

United Bank Limited (UBL) – BUY 
Current Price: PKR 266.77
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 8 May, 2017

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

Top gainers of last week were: FABL, FML, CSAP, NCL, BAFL, LUCK, UBL, MCB, HBL and IBFL.

Top losers of last week were: SCBPL, IDYM, PAKT, HUMNL, PIOC, SEARL, MARI, INDU, SSGC and BATA.

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

The Pakistan Stock Exchange (PSX) market index continued its upward stride during the outgoing week, adding a further 550pts (+1.1%) to the index. KSE-100 index has reached on 49,851.13  by increasing 550.23 points or 1.1 %.

With the week cut short by a day due to Labour Day on May 1, the average daily volume fell 28pc to 259 million shares while the traded value dropped 23pc to $130m.

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


  • Foreign investors remained net sellers with an outflow of $19.2m in the week
  • The banking sector outperformed the index with its market capitalisation growing by 3.8pc week-on-week as the three big banks would be included in the MSCI emerging-market index. Banks collectively added 527 points to the index
  • The exploration and production sec-tor shed 4pc as international oil prices tanked on concerns of a persisting supply overhang. Mari Petroleum and POL were hammered down by 26 and 25 points, respectively
  • Fertiliser scrips contributed 124 points to the index, with major gainers being Engro Fertilisers (up 103 points) and Fauji Fertiliser (up 30 points), both rallying on the bacl( of MSCI-driven sentiments
  • The cement sector contributed 123 points with the two MSCI hopefuls, Lucky Cement and Fuji Cement, rising up by 142 and 20 points, respectively
  • Power generation stocks, which lost 57 points, were marred by a lack of payout and weak financial results. Hub Power Company shed 46 points
  • The government is expected to make payments to electricity and fuel suppliers within the next week for improving cash flows in order to avoid load shedding, particularly in the month of Ramadan. The payments would include upfront Rs25bn from federal accounts, to be followed by Term Finance Certificates (TFCs) from a consortium of commercial banks 
  • ECC decides to cut fertiliser rates, issue $350m bond (Ferts/Power)
  • Pakistan’s first bulk cargo terminal fully operational (PIBTL)
  • Pakistan’s meat exports are on the decline despite a global trend of rapid growth. The Trade Development Authority of Pakistan (TDAP) figures that the country’s meat exports have dropped to $140.345m in the first eight months of the ongoing year, from $188.345m a year ago. Inter-national meat trade on the other hand has risen by 16pc to touch the $700bn mark
  • After dominating motorcycle market in Pakistan for decades with successful models in the category of 70cc, 125cc and a fast emerging 100cc bike, Atlas Honda Ltd (AHL) has launched 150cc motorcycle to cater to the higher end segment. With a recent investment of $160 mil-lion ($110 million by AHL and $50 million by its vendors and group companies over the period of five years) on capacity enhancement projects, AHL is continuously working on serving the market with quality products and introducing new models. "Under Joint Venture agreement Honda Japan contributes 35 percent of total equity of AHL

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 93.53
Target Price: PKR 132

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 73.01
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 655.74
Target Price: PKR 796

Bank Al-Habib Limited (BAHL) – BUY 
Current Price: PKR 54.01
Target Price: PKR 64

Cherat Cement Company Limited(CHCC) – BUY 
Current Price: PKR 199.3
Target Price: PKR 251

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 238.68
Target Price: PKR 270

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 59.75
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 156.00
Target Price: PKR 225

Engro Corporation (ENGRO) – BUY
Current Price: PKR 370.57
Target Price: PKR 391

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 33.3
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 45.12
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 50.09
Target Price: PKR 67

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 96.1
Target Price: PKR 122.0

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 291.00
Target Price: PKR 304

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 352.44
Target Price: PKR 428

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 109.02
Target Price: PKR 133

Kot Adu Power (KAPCO) – BUY
Current Price: PKR 76.31
Target Price: PKR 107

K-Electric (KEL) – BUY
Current Price: PKR 8.01
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 256.04
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 20.83
Target Price: PKR 46

Lucky Cement (LUCK) – BUY 
Current Price: PKR 937.21
Target Price: PKR 1,046

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,574.0
Target Price: PKR 2,068.2

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 229.55
Target Price: PKR 280

Meezan Bank (MEBL) – BUY 
Current Price: PKR 81.55
Target Price: PKR 90

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 121.72
Target Price: PKR 154.0

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,431.83
Target Price: PKR 1,594.8

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 63.8
Target Price: PKR 74

National Foods (NATF) – BUY 
Current Price: PKR 320
Target Price: PKR 473

Nishat Chunian (NCL) – BUY 
Current Price: PKR 58.67
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 44.78
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 160.67
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 47.53
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 154.96
Target Price: PKR 200

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 148.08
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 20.99
Target Price: PKR 47

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 443.67
Target Price: PKR 569.4

Power Cement (POWER) – BUY 
Current Price: PKR 16.51
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 158.0
Target Price: PKR 218

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 433.46
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 15.66
Target Price: PKR 21.9

The Searle Co. Ltd (SEARL) – BUY 
Current Price: PKR 595.87
Target Price: PKR 816.6

Tariq Glass (TGL) – BUY 
Current Price: PKR 127.14
Target Price: PKR 134

United Bank Limited (UBL) – BUY 
Current Price: PKR 262.27
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 1 May, 2017

BUY recommendations are ABL, AICL, APL, ASC, BAFL, BAHL, DGKC, EFERT, EFOODS, ENGRO, FATIMA, FCCL, FFBL, FFC, GWLC, HBL, HASCOL, HTL, 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: PSMC, PAKT, INDU, HUMNL, GHGL, PAEL, GLAXO, HCAR, NRL and MTL.

Top losers of last week were: FEROZ, CSAP, CPPL, PPL, SEARL, CJPL, EFERT, NCL, NML and IBFL.

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

The Pakistan Stock Exchange (PSX) market index lost its momentum in the current week as results announced by companies failed to excite investors. KSE-100 index has reached on 49,301 by decreasing -408 points or -0.82 %, while KSE-30 index reached on 26,005 by increasing -449 points or -1.70 %.

Average traded volume picked up 29% WoW averaging at 359mn shares, while value traded was up 7% WoW.

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


  • The political front remained heated in the country as opposition parties demanded the PM to step down paving way for an impartial probe of the Panama allegations
  • Foreign participants are yet to post any sizeable interest as the FIPI figures recorded an outflow of USD32.72mn during the current month
  • The market took traction from an advancing automobile sector, whereby new model launch of Suzuki Cultus and rumors of a large taxi scheme in the offing energized PSMC
  • INDU followed closely, led by stellar earnings and payout, which surpassed expectations on the street, while market chatter on the introduction of a facelift for Corolla kept interest alive in the stock
  • The local E&P names bled value on account of post result profit taking and lower international crude, while disclosure of a size-able discovery of gas in Gambat South block by PPL failed to ignite the stock
  • Lower than expected results compressed the Pharmaceutical sector as most leading names pared gains dipping into red territory
  • The Securities and Exchange Com-mission of Pakistan (SECP) has approved the first private equity and venture capital fund worth $100 million under Private Funds Regulations 2015
  • Honda Atlas launched its first locally produced sub-compact Sports Utility Vehicle (SUV) on Friday, comprising 45% local components, stated the company
  • The Utility Stores Corporation (USC) launched the second phase of Ramazan Relief Package on Monday by reducing the prices of more than 450 items by up to 10 per cent
  • Ministry of Planning, Development & Reform has said that Pakistan will wit-ness industrial revolution with the initiation of second phase of China-Pakistan Economic Corridor (CPEC)
  • The proposed Ex-port-Import Bank (Exim Bank) will be operational by December and Rs7 billion has already been released in this regard
  • According to State Bank of Pakistan's weekly report, the country's total liquid foreign exchange reserves stood at US$21.2bn as on April 21, 2017 compared to US$21.6bn on April 14, 2017
  • Release of textile export numbers (+6% YoY in Mar-17 but down 0.9% YoY in 9MFY17


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 95.9
Target Price: PKR 132

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 74.98
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 654.7
Target Price: PKR 796

Al Shaheer Corporation Ltd. (ASC) – BUY 
Current Price: PKR 45.05
Target Price: PKR 82

Bank Al-Falah Limited (BAFL) – BUY 
Current Price: PKR 38.9
Target Price: PKR 42

Bank Al-Habib Limited (BAHL) – BUY 
Current Price: PKR 53.56
Target Price: PKR 64

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 239.00
Target Price: PKR 270

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 58.7
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 157.01
Target Price: PKR 225

Engro Corporation (ENGRO) – BUY
Current Price: PKR 352.57
Target Price: PKR 391

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 34.0
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 43.8
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 50.2
Target Price: PKR 67

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 96.1
Target Price: PKR 122.0

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 62.1
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 350.71
Target Price: PKR 428

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 110.86
Target Price: PKR 133

Kot Adu Power (KAPCO) – BUY
Current Price: PKR 77.37
Target Price: PKR 107

K-Electric (KEL) – BUY
Current Price: PKR 8.1
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 262.8
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 21.44
Target Price: PKR 46

Lucky Cement (LUCK) – BUY 
Current Price: PKR 882.0
Target Price: PKR 1,046

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 217.38
Target Price: PKR 280

Meezan Bank (MEBL) – BUY 
Current Price: PKR 80.00
Target Price: PKR 90

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 123.1
Target Price: PKR 154.0

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,469.97
Target Price: PKR 1,594.8

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 63.8
Target Price: PKR 74

National Foods (NATF) – BUY 
Current Price: PKR 322.00
Target Price: PKR 473

Nishat Chunian (NCL) – BUY 
Current Price: PKR 54.1
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 44.1
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 157.3
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 48.00
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 154.38
Target Price: PKR 200

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 156.33
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 21.46
Target Price: PKR 47

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 455.41
Target Price: PKR 569.4

Power Cement (POWER) – BUY 
Current Price: PKR 17.85
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 158.8
Target Price: PKR 218

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 435.0
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 16.1
Target Price: PKR 21.9

The Searle Co. Ltd (SEARL) – BUY 
Current Price: PKR 621.32
Target Price: PKR 816.6

Tariq Glass (TGL) – BUY 
Current Price: PKR 126.97
Target Price: PKR 134

United Bank Limited (UBL) – BUY 
Current Price: PKR 248.1
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