Pakistan Stock Exchange (PSX) Weekly Analysis 24 June, 2017

BUY recommendations are ABL, ACPL, AICL, APL, CHCC, DGKC, EFERT, EFOODS, ENGRO, FATIMA, FCCL, FFBL, FFC, GWLC, HBL, HASCOL, HTL, HUBC, INDU, KEL, KOHC, LPL, LUCK, MLCF, MTL, NBP, NATF, NCL, NCPL, NML, NPL, OGDC, PAEL, PIOC, PKGP, POL, POWER, PPL, PSO, PTC, SEARL and UBL.

Top gainers of last week were: NML, HUBC, AKBL, EPCL, Faysal Bank, Feroze 1888, Ghani Glass, Nishat Chunian Ltd., Bank Alfalah.

Top losers of last week were: INDU, FFBL, LOTCHEM, HASCOL, J.D.W. Sugar, NATF, Ibrahim Fibre Ltd., Pakistan Services Ltd.

Top Volume Leaders of last week: KEL, TRG, BOP, EPCL and WTL.

The Pakistan Stock Exchange (PSX) market index bouncing back from CYTD low of 44,914pts hit on Tuesday, with investors buying into the trough being rewarded by week's end. With JIT investigation expected to be concluded by 10th July, we expect market to remain under pressure while volatile foreign flows may set the tune for index movement during the period. However given the recent correction in major stocks, value hunters are likely to start cherry picking post Eid Break. KSE-100 index has reached 46,332 by decrease -527 points or -1.12 %. While KSE -30 index reached on 24,176 by decreasing -141 points or -0.58%.

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


  • Lucky Cement was up 4.27pc and NML hit upper circuit on the back of news that three companies have received approval to set up car assembly plants, including Lucky Cement, United Motors and Nishat Group
  • ASTL closed on its upper circuit on the back of news that NTC imposed definitive anti-dumping duty of 24.04pc on CC billets imported from China for a period of five years
  • Other big gainers were Engro rising by 3.44pc, FFC 4.99pc and DAWH 5pc. From the sector perspective, material rose 2.94pc, industrials 2.80pc and financials 1.96pc
  • Net foreign direct investment surged by 22.6%YoY to US$2.03bn during the 11MFY17, with China taking the top spot investing US$878mn (vs. US$657mn in 11MFY16)
  • Textile and clothing exports declined by 1.98% YoY to US$11.23bn for 11MFY17
  • NEPRA has approved PkR1.90 per unit reduction in power tariff for the Ex‐WAPDA distribution companies (Discos) for May'17 under monthly fuel adjustment formula
  • The political cloud of Panama proceedings continue to permeate investor sentiment
  • Foreign selling took a breather, as foreigners mopped up shares worth USD 9.19mn during the week versus net selling of USD9.49mn in the previous week


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 88.5
Target Price: PKR 132

Attock Cement (ACPL) – BUY 
Current Price: PKR 307.2
Target Price: PKR 380

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 70.98
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 633.9
Target Price: PKR 796

Cherat Cement Company Limited (CHCC) – BUY 
Current Price: PKR 173.4
Target Price: PKR 251

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 215.1
Target Price: PKR 270

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 56.1
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 128.4
Target Price: PKR 225

ENGRO Corporations (ENGRO) – BUY 
Current Price: PKR 337.83
Target Price: PKR 400

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 32.7
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 42.1
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 39.3
Target Price: PKR 67

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 83.8
Target Price: PKR 122.0

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 48.2
Target Price: PKR 104.0

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 253.3
Target Price: PKR 334

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 331.2
Target Price: PKR 428

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 112.49
Target Price: PKR 133

HUBCO (HUBC) – BUY 
Current Price: PKR 120.8
Target Price: PKR 144

Indus Motors (INDU) – BUY 
Current Price: PKR 1,824.4
Target Price: PKR 2,316

K-Electric (KEL) – BUY
Current Price: PKR 7.0
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 230.9
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 19.01
Target Price: PKR 32

Lucky Cement (LUCK) – BUY 
Current Price: PKR 831.8
Target Price: PKR 1,046

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 209.6
Target Price: PKR 250

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 111.7
Target Price: PKR 154.0

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,399
Target Price: PKR 1,594.8

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 60.7
Target Price: PKR 74

National Foods (NATF) – BUY 
Current Price: PKR 273
Target Price: PKR 473

Nishat Chunian (NCL) – BUY 
Current Price: PKR 49.92
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 43.0
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 157.80
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 46.9
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 139.8
Target Price: PKR 200

Pak Elektron Ltd. (PAEL) – BUY 
Current Price: PKR 111.01
Target Price: PKR 126.1

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 131.0
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 18.71
Target Price: PKR 34

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 449.75
Target Price: PKR 518

Power Cement (POWER) – BUY 
Current Price: PKR 12.90
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 146.4
Target Price: PKR 218

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 394.4
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 15.1
Target Price: PKR 21.9

The Searle Co. Ltd (SEARL) – BUY 
Current Price: PKR 534.87
Target Price: PKR 776.3

United Bank Limited (UBL) – BUY 
Current Price: PKR 226.6
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

Pakistan Stock Exchange (PSX) Weekly Analysis 19 June, 2017

BUY recommendations are ABL, ACPL, AICL, APL, CHCC, DGKC, EFERT, EFOODS, ENGRO, FATIMA, FCCL, FFBL, FFC, GWLC, HBL, HASCOL, HTL, HUBC, INDU, KEL, KOHC, LPL, LUCK, MLCF, MTL, NBP, NATF, NCL, NCPL, NML, NPL, OGDC, PAEL, PIOC, PKGP, POL, POWER, PPL, PSO, PTC, SEARL and UBL.

Top gainers of last week were: PAKT, IBFL, HBL, JLICL, NESTLE, POML, PSEL, ARM, IDYM and COLG.

Top losers of last week were: SHEL, TRG, OGDC, PSO, GHGL, PPL, FFBL, POL, PSMC and ISL.

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

The Pakistan Stock Exchange (PSX) market index dived into the red zone on political spillover from Prime Minister Nawaz Sharif being summoned for appearance before the Panama‐gate JIT. KSE-100 index has reached 46,859 by decrease 2668 points or 5.39 %. While KSE -30 index reached on 24,317 by decreasing 1525 points or 5.90%.

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


  • KSE100 Index at its lowest since December 2016. The concluding week took the market with bare hands, as benchmark-100 index tumbled a whopping 2,668 points within just a week’s time
  • After a week of strong foreign portfolio inflows of US$14.1mn, foreigners chose to stay on the sidelines during the outgoing weak with net selling of US$9.5mn
  • According to Pakistan Bureau of Statistics (PBS); LSM grew 9.7% in Apr’17, while 10MFY17 growth was 5.6%. Major contributors in April included: Iron & Steel (5.3% weight) up 53%; Food, Beverages & Tobacco (weight of 12.3%) up 34%
  • According to State Bank of Pakistan (SBP); As per SME review, financing of banks and DFIs stood at Rs401bn as on December 31s, 2016, an increase of Rs96bn or 32%. The number of SME borrowers reached 177,595 recording an increase of 12%. NPLs against SME financing improved to 20% in Dec 2016 vs. 25% in Dec 2015 
  • PTCL, Ufone merger in final stages: sources: The merger of Pakistan Telecommunication Company (PTC) & its cellular arm Ufone, which operates as a separate company, has entered final stages & the company is likely to make a formal announcement in the first week of July, independent sources have confirmed to Profit. “As a matter of principle, PTCL does not comment on market rumors,” company’s spokesperson told Profit. The telecom regulator, too, said there was nothing official about this merger. However, at least three independent sources confirmed that the merger process, which is part of PTC’s ongoing restructuring, is almost complete & PTC is likely to make a formal announcement any time after Eid  
  • Byco to Restart Crude Refinery Two Years After Fire: Byco Industries Inc. is set to become Pakistan’s biggest fuel maker when it restarts an oil refinery next month that was shuttered almost two years ago after a fire
  • Shanghai Electric’s hide and seek regarding acquisition of KEL remained within headlines of the market, and resulting uncertainty took its toll on the stock as it settled 2.89% below last week’s close
  • The formal announcement of ‘Orange Cab Scheme’ comprising of 50,000 cars in pro-vincial budget for Punjab failed to fuel PSMC
  • Assets of the Islamic banking industry (IBI) rose 16 percent to $1.885 trillion in the first quarter (January-March) of 2017 due to increased financing to the private sector, the central bank’s bulletin on Islamic banking. The Islamic banking assets stood at Rs1.625 trillion in the corresponding period of last year
  • The Punjab Provincial Development Working Party (PPDWP) approved four development schemes of various sectors with an estimated cost of Rs 3338.841 million
  • The State Bank of Pakistan (SBP) has granted approval for the merger/amalgamation of NIB Bank Limited with and into MCB Bank Lim-ited
  • Cement prices have been increased by Rs10-20/bag across the North to pass-on the impact of increased Federal Excise Duty (FED) in FY18 budget


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 90.16
Target Price: PKR 132

Attock Cement (ACPL) – BUY 
Current Price: PKR 315.00
Target Price: PKR 380

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 70.09
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 658.07
Target Price: PKR 796

Cherat Cement Company Limited (CHCC) – BUY 
Current Price: PKR 174.50
Target Price: PKR 251

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 216.83
Target Price: PKR 270

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 55.38
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 131.79
Target Price: PKR 225

ENGRO Corporations (ENGRO) – BUY 
Current Price: PKR 334.93
Target Price: PKR 400

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 32.0
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 43.34
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 41.82
Target Price: PKR 67

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 86.93
Target Price: PKR 122.0

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 49.8
Target Price: PKR 104.0

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 259.8
Target Price: PKR 334

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 349.21
Target Price: PKR 428

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 110.82
Target Price: PKR 133

HUBCO (HUBC) – BUY 
Current Price: PKR 116.32
Target Price: PKR 144

Indus Motors (INDU) – BUY 
Current Price: PKR 1,957.52
Target Price: PKR 2,316

K-Electric (KEL) – BUY
Current Price: PKR 7.1
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 236.07
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 19.13
Target Price: PKR 32

Lucky Cement (LUCK) – BUY 
Current Price: PKR 825.79
Target Price: PKR 1,046

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 109.50
Target Price: PKR 154.0

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,395.1
Target Price: PKR 1,594.8

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 63.21
Target Price: PKR 74

National Foods (NATF) – BUY 
Current Price: PKR 300.20
Target Price: PKR 473

Nishat Chunian (NCL) – BUY 
Current Price: PKR 52.32
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 42.75
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 146.17
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 45.00
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 140.78
Target Price: PKR 200

Pak Elektron Ltd. (PAEL) – BUY 
Current Price: PKR 110.0
Target Price: PKR 126.1

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 134.98
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 19.30
Target Price: PKR 34

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 466.51
Target Price: PKR 518

Power Cement (POWER) – BUY 
Current Price: PKR 13.29
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 151.1
Target Price: PKR 218

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 395.89
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 14.9
Target Price: PKR 21.9

The Searle Co. Ltd (SEARL) – BUY 
Current Price: PKR 572.1
Target Price: PKR 776.3

United Bank Limited (UBL) – BUY 
Current Price: PKR 222.02
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 11 June, 2017

BUY recommendations are ABL, AICL, APL, BAHL, CHCC, DGKC, EFERT, EFOODS, FATIMA, FCCL, FFBL, FFC, GWLC, 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: SHFA, ABOT, THALL, ICI, JLICL, OLPL, HCAR, GHGL, INDU and MLCF.

Top losers of last week were: IDYM, BATA, KTML, COLG, ARM, EFOODS, NML, FML, NCL and ATRL.

Top Volume Leaders of last week: KEL, TRG, ISL, BOP, SNGP, PAEL, MLCF, BAFL, HUBC, OGDC, and PIBTL.

The Pakistan Stock Exchange (PSX) market index recovered 972 points during the outgoing week, a drop in the ocean compared to the 4,082 points lost last week when Pakistan’s upgrade to Emerging Market status didn’t go as expected in terms of foreign flows and market performance. KSE-100 index has reached 49,527 by increase 972 points or 2 %. While KSE -30 index reached on 25,842 by increasing 466 points or 1.84%.

The average turnover remained de-pressed throughout the week to clock in at 70mn shares traded on the main board, against a turnover of 145mn trades last week.

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


  • Announcement of capacity addition by Kohat cement (KOHC) of 2.3mtpa at its existing site
  • Exploratory findings in Aqeeq-1 at Sujawal block with MARI having 100% stake in the field
  • Uptake of cement in domestic market accelerated to 10.90 percent in May 2017 while exports continue to mar the performance of the cement sector registering a decline of 44.58 percent in May 2017 
  • Government defers 10% cut in duty on imported vehicles
  • The price of cement has been increased by Rs 55 per 50 kg cement bag even though the effective date of increase in federal excise duty (FED) in the proposed Finance Bill 2017-18 is July 1, 2017
  • Sindh government has increased the sales tax on telecom services to 19.5 percent from 19 percent in order to bring it at par with other provinces
  • Encouragingly, there was some respite in foreign selling as offshore investors turned net buyers of US$14mn during the week
  • Foreign exchange reserves declining by US$1.25bn on debt payments to US$20.516bn
  • Sindh government allocating Rs2bn subsidy for tractor purchases
  • ENGRO hinting at closing milk plant in Sukkur because of tax policies
  • CM Sindh presented FY18 provincial budget with a record outlay of PkR1.04tn, with total expenditures/revenues estimated at PkR1043/1028bn and PkR274bn has been allocated for development expenditure
  • The Pakistan Stock Exchange concluded the IPO for 20% of its stake in line with its demutualization process
  • The World Bank has forecasted Pakistan's GDP growth rate for FY18/FY19 at 5.5%/5.8% on the back of robust agriculture sector and CPEC led development


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 95.00
Target Price: PKR 132

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 74.39
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 691.2
Target Price: PKR 796

Bank Al-Habib Limited (BAHL) – BUY 
Current Price: PKR 61.06
Target Price: PKR 64

Cherat Cement Company Limited (CHCC) – BUY 
Current Price: PKR 183.2
Target Price: PKR 251

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 229.4
Target Price: PKR 270

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 57.89
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 138.0
Target Price: PKR 225

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 32.6
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 45.4
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 46.38
Target Price: PKR 67

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 93.96
Target Price: PKR 122.0

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 53.6
Target Price: PKR 104.0

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 257.5
Target Price: PKR 334

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 370.59
Target Price: PKR 428

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 115.05
Target Price: PKR 133

HUBCO (HUBC) – BUY 
Current Price: PKR 124.9
Target Price: PKR 144

Kot Adu Power (KAPCO) – BUY
Current Price: PKR 74.83
Target Price: PKR 107

K-Electric (KEL) – BUY
Current Price: PKR 7.3
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 243.1
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 20.22
Target Price: PKR 46

Lucky Cement (LUCK) – BUY 
Current Price: PKR 858.61
Target Price: PKR 1,046

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,698.81
Target Price: PKR 2,068.2

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 215.2
Target Price: PKR 280

Meezan Bank (MEBL) – BUY 
Current Price: PKR 84
Target Price: PKR 90

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 114.9
Target Price: PKR 154.0

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,526.86
Target Price: PKR 1,594.8

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 66.27
Target Price: PKR 74

National Foods (NATF) – BUY 
Current Price: PKR 334.00
Target Price: PKR 473

Nishat Chunian (NCL) – BUY 
Current Price: PKR 56.08
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 43.1
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 160.29
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 45.0
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 160.0
Target Price: PKR 200

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 145.1
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 20.18
Target Price: PKR 47

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 513.98
Target Price: PKR 569.4

Power Cement (POWER) – BUY 
Current Price: PKR 14.33
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 167.6
Target Price: PKR 218

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 447.0
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 15.5
Target Price: PKR 21.9

The Searle Co. Ltd (SEARL) – BUY 
Current Price: PKR 606.20
Target Price: PKR 816.6

Tariq Glass (TGL) – BUY 
Current Price: PKR 122.46
Target Price: PKR 134

United Bank Limited (UBL) – BUY 
Current Price: PKR 232.9
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 June, 2017

BUY recommendations are ABL, AICL, APL, BAHL, CHCC, DGKC, EFERT, EFOODS, FATIMA, FCCL, FFBL, FFC, GWLC, 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: COLG, ACPL, JLICL, SPWL, MUREB, ARM, IDYM, PSEL, PMPK and BATA.

Top losers of last week were: HBL, LUCK, JDWS, UBL, MCB, IGIIL, ENGRO, OGDC, CSAP and PAEL.

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

The Pakistan Stock Exchange (PSX) market index crashed 4,082 pts in the outgoing week as investors accumulated index heavy names ahead of MSCI EM inclusion in the hopes of selling to foreigners at higher rates.  KSE-100 reached on 48,555 by losing 4,082 points or -7.75%. While KSE -30 index reached on 25,376 by losing 2571 points or -9.20%.

Average daily volumes remained at 294.84mn shares while average traded value soared to its decade high of US$240.16mn.

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

  • Contrary to expectations, fiscal prudence superseded election year populist measures in Budget FY18 while unexpected tax restructuring on the stock market induced further volatility (flat 15% CGT regardless of holding period, enhancement of tax on dividend to 15%) 
  • Transition to MSCI EM index triggered a sell‐off on likely rebalancing of portfolios
  • The advent of Ramadan usually results in muted trading activity, which may take a strong grip in the days to come especially if the bourse fails to recover
  • The federal budget proposal and spike in development spending for the next fiscal year have promising elements for banks and other financial companies
  • The government has earmarked Rs 40 billion for Pakistan Railways (PR) for the fiscal year 2017-18 to meet its losses against Rs 37 billion allocated for 2016-17 as Railways earnings witnessed a decline in the current fiscal year, revealed budget documents
  • The price of cement is likely to increase by Rs 12 per 50-kg bag after an in-crease in federal excise duty (FED) from Rs 1 to Rs 1.25 per kg as per federal budget 2017-18
  • The pharmaceutical industry has welcomed reduction of customs duty on pre-fabricated modular clean rooms panels from 20 percent to 3 percent in the 2017-18 federal budget
  • Cherat Cement offers agreement to Railways: Cherat Cement Company has offered an agreement to Pakistan Railways for the transfer of loads of cement and coal
  • Foreign investors sold stocks worth USD149.5mn during the week which was primarily absorbed by individuals, banks, insurance companies and mutual funds
  • On the sector front; Banks were the worst hit with their capitalization shrinking 10% WoW as HBL, UBL & MCB declined b/w 13-14% eroding 1,154pts; followed by E&P’s (-9.4%) as OGDC (-11.4%) & PPL (-9.4%) took away 436pts, Cements contracted 8.7% as LUCK (-14%) & DGKC (-8%) dented 443pts, while Fertilizers fell 7% lead by ENGRO (-12%) & DAWH (-7%) held back 293pts 
  • According to The News; PM’s son Hassan Nawaz appears before Panama JIT: Prime Minister Nawaz Sharif’s younger son Hassan Nawaz appeared before the Supreme Court’s appointed Joint Investigation Team (JIT) on Friday, a day after his elder brother answered JIT questions third time regarding Sharif Family’s offshore properties. Meanwhile, Hussain Nawaz has been asked to appear again on June 03 for the fourth time


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 96
Target Price: PKR 132

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 75
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 681.0
Target Price: PKR 796

Bank Al-Habib Limited (BAHL) – BUY 
Current Price: PKR 56
Target Price: PKR 64

Cherat Cement Company Limited (CHCC) – BUY 
Current Price: PKR 184.0
Target Price: PKR 251

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 222.9
Target Price: PKR 270

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 57.2
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 142.7
Target Price: PKR 225

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 31.0
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 43.3
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 46.70
Target Price: PKR 67

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 93.7
Target Price: PKR 122.0

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 60.3
Target Price: PKR 104.0

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 256.0
Target Price: PKR 334

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 367
Target Price: PKR 428

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 114.02
Target Price: PKR 133

HUBCO (HUBC) – BUY 
Current Price: PKR 126.1
Target Price: PKR 144

Kot Adu Power (KAPCO) – BUY
Current Price: PKR 73.34
Target Price: PKR 107

K-Electric (KEL) – BUY
Current Price: PKR 7.3
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 235.1
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 20.88
Target Price: PKR 46

Lucky Cement (LUCK) – BUY 
Current Price: PKR 818.6
Target Price: PKR 1,046

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,600.14
Target Price: PKR 2,068.2

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 210.8
Target Price: PKR 280

Meezan Bank (MEBL) – BUY 
Current Price: PKR 81.02
Target Price: PKR 90

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 108.2
Target Price: PKR 154.0

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,455.40
Target Price: PKR 1,594.8

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 64
Target Price: PKR 74

National Foods (NATF) – BUY 
Current Price: PKR 307.50
Target Price: PKR 473

Nishat Chunian (NCL) – BUY 
Current Price: PKR 57.60
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 43.6
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 165
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 45.5
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 162.9
Target Price: PKR 200

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 141.1
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 20.55
Target Price: PKR 47

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 511
Target Price: PKR 569.4

Power Cement (POWER) – BUY 
Current Price: PKR 14.27
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 166.3
Target Price: PKR 218

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 435.8
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 15.5
Target Price: PKR 21.9

The Searle Co. Ltd (SEARL) – BUY 
Current Price: PKR 581.93
Target Price: PKR 816.6

Tariq Glass (TGL) – BUY 
Current Price: PKR 120.85
Target Price: PKR 134

United Bank Limited (UBL) – BUY 
Current Price: PKR 222.7
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