Pakistan Stock Exchange (PSX) Weekly Analysis 30 July, 2017

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

Top gainers of last week were: NESTLE, PICT, ISL, GLAXO, NPL, TRG, NRL, JGICL, FML and EFOODS.

Top losers of last week were: IBFL, PSMC, LUCK, JDWS, POML, CJPL, HCAR, KOHC, BWCL and KTML.

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

The Pakistan Stock Exchange (PSX) market index sees end to uncertainty as Supreme Court disqualifies PM. KSE-100 index has reached 45,912 by gaining 618 points or 1.36 %. While KSE -30 index reached on 23,854 by increasing 214 points or 0.91 %.

Average trading volumes increased from 135mn shares to 198mn shares (48%WoW). Activity was focused in retail favorite stocks, which included ANL (86.6mn), TRG (75.8mn), BOP (53.6mn), SSGC (51.2mn) and EPCL (51.0mn).  Foreigners (USD13.16mn) and Mutual Funds (USD28.2mn) were net sellers during the week, while Individual (USD 23.8 mn) were net buyers.

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


  • The State Bank of Pakistan (SBP) kept the policy rate unchanged at 5.75 per cent on Saturday for another couple of months, citing less-than-targeted inflation, higher domestic demand and the expectation of the overall balance of payments (BoP) staying at a manageable level in 2017-18
  • Passing through a rough patch marred by political stressors, unveiling of the Supreme Court decision on the Panama papers inquiry and a spate of largely unsatisfactory results releases, the KSE‐100 index held onto gains, closing the week at 45,912pts, up 1.4%WoW
  • Pakistan's foreign exchange reserves falling to US$20.4bn down 1.89%WoW during the week
  • ENGRO's Thar coal‐fired power project likely to start commercial operations by Jun' 2019, about four months ahead of its official deadline
  • NEPRA scaling down the tariff for electricity supply from the new Thar coal‐fired plants by 18.51% because of falling production costs
  • Indus Motor Company (INDU) has increased the prices of its flagship Toyota Corolla variants by Rs105,000 to Rs160,000 to account for improvements made in terms of aesthetics and safety measures
  • Urea off-take rose 79% YoY to 1.06mn tons in Jun-17, while was up 103% MoM as per data provided by the National Fertilizer Development Centre
  • Security Papers Limited (SEPL) furnished FY17 financial result, reporting EPS of Rs15.82, up 49% YoY. Along with the result, SEPL declared final cash dividend of Rs8/sh
  • OGDC may go for buying foreign assets worth over $500 million
  • 20,400 Honda Civic units sold in one year
  • The Board of Directors of Packages Limited has resolved to purchase 35 percent shares held by Stora Enso in Bulleh Packaging (Private) Limited at a price of up to $8 million equivalent to Rs 850 million approximately subject to exchange variation on payment date subject to certain adjustments
  • The result season gathered pace as notable automobile players (HCAR & PSMC) declared better than expected earnings, while results in banking and fertilizer (UBL & FFBL) names fell short of market estimates

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 91.75
Target Price: PKR 132

Attock Cement (ACPL) – BUY 
Current Price: PKR 270.73
Target Price: PKR 380

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 71.55
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 661.44
Target Price: PKR 796

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 40.2
Target Price: PKR 47

Cherat Cement Company Limited (CHCC) – BUY 
Current Price: PKR 159.8
Target Price: PKR 251

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 189.4
Target Price: PKR 262.0

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 57.1
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 122.71
Target Price: PKR 162

ENGRO Corporations (ENGRO) – BUY 
Current Price: PKR 317.48
Target Price: PKR 400

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 32.3
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 40.1
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 36.82
Target Price: PKR 67

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 84.1
Target Price: PKR 122.0

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 45.3
Target Price: PKR 104.0

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 342.5
Target Price: PKR 428

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 248.7
Target Price: PKR 334

Honda Atlas Cars (Pak) Ltd. (HCAR) – BUY 
Current Price: PKR 650.9
Target Price: PKR 912.2

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 109.69
Target Price: PKR 133

HUBCO (HUBC) – BUY 
Current Price: PKR 121.82
Target Price: PKR 144

Indus Motors (INDU) – BUY 
Current Price: PKR 1,797.57
Target Price: PKR 2,214.3

K-Electric Ltd. (KEL) – BUY
Current Price: PKR 6.6
Target Price: PKR 10.8

Kohat Cement (KOHC) – BUY
Current Price: PKR 195.15
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 20.26
Target Price: PKR 32

Lucky Cement (LUCK) – BUY 
Current Price: PKR 711.4
Target Price: PKR 1,159.0

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,696.6
Target Price: PKR 2051

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 207.5
Target Price: PKR 250

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 113.1
Target Price: PKR 179.0

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,351.7
Target Price: PKR 1,594.8

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 61.1
Target Price: PKR 74

National Foods (NATF) – BUY 
Current Price: PKR 303.87
Target Price: PKR 473

Nishat Chunian (NCL) – BUY 
Current Price: PKR 49.91
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 43.47
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 162.32
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 47.85
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 153.50
Target Price: PKR 200

Pak Elektron Ltd. (PAEL) – BUY 
Current Price: PKR 102.2
Target Price: PKR 126.1

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 118.1
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 20.77
Target Price: PKR 34

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 482.63
Target Price: PKR 518

Power Cement (POWER) – BUY 
Current Price: PKR 12.03
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 180.1
Target Price: PKR 218

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 608.8
Target Price: PKR 800.7

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 389.2
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 14.1
Target Price: PKR 21.9

Roshan Packages Ltd. (RPL) – BUY 
Current Price: PKR 59.2
Target Price: PKR 87.0

The Searle Co. Ltd (SEARL) – BUY 
Current Price: PKR 488.1
Target Price: PKR 776.3

United Bank Limited (UBL) – BUY 
Current Price: PKR 209.8
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

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

BUY recommendations are ABL, AICL, APL, BAFL, CHCC, DGKC, EFERT, EFOODS, ENGRO, FATIMA, FCCL, FFBL, FFC, GWLC, HBL, HASCOL, HTL, HUBC, INDU, KOHC, LPL, LUCK, MARI, MCB, 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: FABL, PMPK, APL, MARI, OLPL, CJPL, EFUG, HASCOL, NRL, and IBFL.

Top losers of last week were: FML, HUMNL, BATA, COLG, BOP, PIOC, MLCF, ACPL, JLICL and KEL.

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

The Pakistan Stock Exchange (PSX) market witnesses some value buying but investors remain largely side lined.  KSE-100 index has reached 45,294 by gaining 957 points or 2.16 %. While KSE -30 index reached on 23,640 by increasing 538 points or 2.33 %.

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


  • The Supreme Court (SC) on Friday concluded the hearings in the Panamagate case and reserved its judgment. A date for the judgment has yet to be announced
  • The benchmark KSE-100 index closed 2.2% WoW higher with average daily volumes and value declining by 23% WoW (to 134mn shares/day) and 22% WoW (to US$72mn/day), respectively
  • The State Bank of Pakistan (SBP) is also expected to announce the Monetary Policy Statement (MPS) on Saturday, where we expect the Central Bank to keep policy rate intact at 5.75% 
  • Moody's Investors Services has projected that China Pakistan Economic Corridor (CPEC) will raise Pakistan government debt to around US$222bn by FY18 (i.e. around 67% of country's GDP)
  • FBR started paying back pending sales tax refunds
  • GoP extending additional sugar export quota of 300k tons
  • GoP signing loan agreement of €165mn with French Development Agency for power sector up gradation
  • Result season, commencing next week, is likely to guide market sentiments with scrips in key sectors (Power, Cements and Autos) to remain in limelight on anticipated full year payouts
  • The sugar millers took a sigh of relief upon allowed export of 0.3mn tons of sugar, against 0.6mn tons sought by them
  • The decision on review petition filed by KEL on multi-year tariff is expected within the on-going month
  • The World Bank would give a Rs 39.2 billion loan to the Punjab government for 'Punjab Irrigated-Agriculture Productivity Improvement Project' to improve irrigation technologies at the grass root level for farmers
  • Pakistan wrestles with 4.5MT of surplus wheat as domestic prices hurt exports
  • FIPI registered net outflow of USD2.0mn


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 88.50
Target Price: PKR 132

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 67.86
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 675.00
Target Price: PKR 796

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 40.1
Target Price: PKR 47

Cherat Cement Company Limited (CHCC) – BUY 
Current Price: PKR 161.00
Target Price: PKR 251

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 193.05
Target Price: PKR 262.0

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 55.97
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 116.00
Target Price: PKR 162

ENGRO Corporations (ENGRO) – BUY 
Current Price: PKR 314.38
Target Price: PKR 400

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 31.50
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 40.40
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 36.2
Target Price: PKR 67

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 82.57
Target Price: PKR 122.0

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 45.0
Target Price: PKR 104.0

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 253.1
Target Price: PKR 334

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 338.21
Target Price: PKR 428

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 108.20
Target Price: PKR 133

HUBCO (HUBC) – BUY 
Current Price: PKR 115.23
Target Price: PKR 144

Indus Motors (INDU) – BUY 
Current Price: PKR 1,726.03
Target Price: PKR 2,214.3

Kohat Cement (KOHC) – BUY
Current Price: PKR 200.32
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 19.98
Target Price: PKR 32

Lucky Cement (LUCK) – BUY 
Current Price: PKR 757.90
Target Price: PKR 1,159.0

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,608.5
Target Price: PKR 2051

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 211.5
Target Price: PKR 250

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 108.40
Target Price: PKR 179.0

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,351.5
Target Price: PKR 1,594.8

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 60.81
Target Price: PKR 74

National Foods (NATF) – BUY 
Current Price: PKR 300.00
Target Price: PKR 473

Nishat Chunian (NCL) – BUY 
Current Price: PKR 50.77
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 41.93
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 158.46
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 44.44
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 149.64
Target Price: PKR 200

Pak Elektron Ltd. (PAEL) – BUY 
Current Price: PKR 99.1
Target Price: PKR 126.1

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 119.55
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 20.00
Target Price: PKR 34

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 458.10
Target Price: PKR 518

Power Cement (POWER) – BUY 
Current Price: PKR 11.92
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 174.8
Target Price: PKR 218

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 653.7
Target Price: PKR 800.7

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 380.66
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 14.2
Target Price: PKR 21.9

The Searle Co. Ltd (SEARL) – BUY 
Current Price: PKR 491.5
Target Price: PKR 776.3

United Bank Limited (UBL) – BUY 
Current Price: PKR 213.8
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

Pakistan Stock Exchange (PSX) Weekly Analysis 17 July, 2017

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

Top gainers of last week were: NATF, SNBL, SCBPL, COLG and EFERT

Top losers of last week were: HCAR, PSMC, CHCC, HUMNL, and FABL

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

The Pakistan Stock Exchange (PSX) market index continues jitter on JIT– KSE-100 down 2% WoW. KSE-100 index has reached 44,337 by decrease -885 points or -1.96 %. While KSE -30 index reached on 23,102 by decreasing -407 points or -1.73 %.

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


  • Foreigners remained net buyers in the week with a net FIPI inflow of USD1.0mn
  • The local bourse remained volatile on expected hearing by Supreme Court on Panama-gate, scheduled next week
  • KEL unveiling its US$1bn investment plan to set up a new 900MW power plant as NEPRA held public hearings for MYT Review
  • Cement dispatches during FY17 rising to 3.71%YoY to 40.315mn tons, despite declining 18.6% YoY to 2.72mn tons in Jun’17
  • Foreign workers’ remittances during FY17 falling 3.08%YoY to US$19.30bn
  • Total domestic car sales during FY17 going up 2.55%YoY to 185,781units
  • Average daily traded volume slightly improved by 5.24%WoW (vs. last 5 trading days) to 174.66mn shares
  • FBR withdraws 2pc ST on lubricant oil supplies
  • Cements domestic demand declines by 19.62 percent in June


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 87.7
Target Price: PKR 132

Attock Cement (ACPL) – BUY 
Current Price: PKR 274.99
Target Price: PKR 380

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 64.96
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 618.92
Target Price: PKR 796

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 39.3
Target Price: PKR 47

Cherat Cement Company Limited (CHCC) – BUY 
Current Price: PKR 154.1
Target Price: PKR 251

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 193.39
Target Price: PKR 262.0

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 55.5
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 114.3
Target Price: PKR 162

ENGRO Corporations (ENGRO) – BUY 
Current Price: PKR 318.22
Target Price: PKR 400

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 30.9
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 40.2
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 36.75
Target Price: PKR 67

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 82.0
Target Price: PKR 122.0

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 44.5
Target Price: PKR 104.0

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 253.0
Target Price: PKR 334

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 314.9
Target Price: PKR 428

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 105.97
Target Price: PKR 133

HUBCO (HUBC) – BUY 
Current Price: PKR 113.87
Target Price: PKR 144

Indus Motors (INDU) – BUY 
Current Price: PKR 1,655.6
Target Price: PKR 2,214.3

K-Electric (KEL) – BUY
Current Price: PKR 6.6
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 203.23
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 19.50
Target Price: PKR 32

Lucky Cement (LUCK) – BUY 
Current Price: PKR 735.00
Target Price: PKR 1,159.0

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1477.2
Target Price: PKR 2051

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 204.5
Target Price: PKR 250

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 112.5
Target Price: PKR 179.0

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,329.12
Target Price: PKR 1,594.8

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 61.4
Target Price: PKR 74

National Foods (NATF) – BUY 
Current Price: PKR 303.00
Target Price: PKR 473

Nishat Chunian (NCL) – BUY 
Current Price: PKR 51.89
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 41.97
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 156.44
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 44.26
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 141.9
Target Price: PKR 200

Pak Elektron Ltd. (PAEL) – BUY 
Current Price: PKR 97.4
Target Price: PKR 126.1

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 124.3
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 19.81
Target Price: PKR 34

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 436.22
Target Price: PKR 518

Power Cement (POWER) – BUY 
Current Price: PKR 12.15
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 167.9
Target Price: PKR 218

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 644.9
Target Price: PKR 800.7

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 373.1
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 14.2
Target Price: PKR 21.9

The Searle Co. Ltd (SEARL) – BUY 
Current Price: PKR 477.04
Target Price: PKR 776.3

Tariq Glass (TGL) – BUY 
Current Price: PKR 109.2
Target Price: PKR 128

United Bank Limited (UBL) – BUY 
Current Price: PKR 206.9
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 10 July, 2017

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

Top gainers of last week were: PPL, PIBTL, SSGC, MLCF, HUBC, OGDC, Ibrahim Fibre Ltd.

Top losers of last week were: Honda Atlas Cars, PAEL, NRL, Crescent Jute Products Ltd., TRG.

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

The Pakistan Stock Exchange (PSX) market index bears dominated the bourse during the week as spree of news pertaining to JIT continued to surface on a daily basis, where lack of clarity on the outcome of the investigation continued to keep investor sentiments weak. KSE-100 index has reached 45,222 by decrease -1343 points or -2.88 %. While KSE -30 index reached on 23,509 by decreasing -742 points or -3.06 %.

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


  • Record PkR depreciation of 3.2% in a single day built some impetus on intra‐day basis, but summoning of Sharif family members and the associate by the JIT added to the prevailing risk‐off sentiment
  • Political uncertainty is expected to remain top of the mind among investors during the upcoming week as July 10th is the stated deadline to submit JIT report to the SC
  • Government of Pakistan slashing retail fuel prices by PkR1.5/ltr for July’17
  • PACRA maintaining Bank Al Habib’s long‐term and short‐term en􀆟ty ratings at AA+ and AA
  • Ittefaq Steel’s (IIIL) trading initiating on the bourse
  • Fertilizer manufacturers resuming sales of urea after MoF and the ministry of food security gave an assurance to issue a subsidy notification within a few days
  • Long awaited operations of PIBTL finally commencing
  • Banking stocks led by HBL and UBL cumulatively dragged the benchmark index by 449pts. This has been primarily attributable to lower than expected inflation of 3.93% MoM in Jun’17 further delaying expected interest rate liftoff
  • Foreigners (-USD5.8mn) and Mutual Funds (-USD1.9mn) were net sellers during the week, while Companies (+USD2.7mn) and & Banks/DFIs (USD3.9mn) remained net buyers
  • Chinese investors likely interested in taking majority stake in PSX
  • ADB approves $335m loan for Peshawar’s urban transport system
  • Rupee falls sharply against dollar
  • Government appointed Mr. Tariq Bajwa as permanent governor State Bank of Pakistan and initiated investigation into the sudden and steep drop in exchange rate
  • Current account deficit revised up by $1.7bn 
  • June’17 Toyota Corolla number is expected to decline by 25-35% MoM as customers delay purchases in eagerness of the upcoming model facelift
  • Inbox Business Technologies Limited (IBTL) intends to issue 45.4mn ordinary shares (~39% of post-IPO outstanding shares) at a floor price of PKR 30/share

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 87.0
Target Price: PKR 132

Attock Cement (ACPL) – BUY 
Current Price: PKR 283.0
Target Price: PKR 380

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 66.26
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 609.5
Target Price: PKR 796

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 39.5
Target Price: PKR 47

Cherat Cement Company Limited (CHCC) – BUY 
Current Price: PKR 170.0
Target Price: PKR 251

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 207.4
Target Price: PKR 270

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 53.4
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 119.7
Target Price: PKR 162

ENGRO Corporations (ENGRO) – BUY 
Current Price: PKR 327.96
Target Price: PKR 400

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 31.9
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 40.3
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 38.84
Target Price: PKR 67

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 80.1
Target Price: PKR 122.0

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 42.6
Target Price: PKR 104.0

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 250.4
Target Price: PKR 334

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 337.70
Target Price: PKR 428

Honda Atlas Cars (Pak) (HCAR) – BUY 
Current Price: PKR 114.60
Target Price: PKR 133

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 114.60
Target Price: PKR 133

HUBCO (HUBC) – BUY 
Current Price: PKR 119.0
Target Price: PKR 144

Indus Motors (INDU) – BUY 
Current Price: PKR 1,685.8
Target Price: PKR 2,214.3

K-Electric (KEL) – BUY
Current Price: PKR 6.8
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 210.5
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 19.59
Target Price: PKR 32

Lucky Cement (LUCK) – BUY 
Current Price: PKR 753.3
Target Price: PKR 1,046

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,599.9
Target Price: PKR 2051

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 205.0
Target Price: PKR 250

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 114.2
Target Price: PKR 154.0

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,304.7
Target Price: PKR 1,594.8

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 59.1
Target Price: PKR 74

National Foods (NATF) – BUY 
Current Price: PKR 265.50
Target Price: PKR 473

Nishat Chunian (NCL) – BUY 
Current Price: PKR 52.00
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 157.04
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 46.0
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 142.5
Target Price: PKR 200

Pak Elektron Ltd. (PAEL) – BUY 
Current Price: PKR 96.0
Target Price: PKR 126.1

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 126.1
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 20.14
Target Price: PKR 34

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 455.4
Target Price: PKR 518

Power Cement (POWER) – BUY 
Current Price: PKR 12.97
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 163.1
Target Price: PKR 218

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 381.8
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 14.3
Target Price: PKR 21.9

Roshan Packages Ltd. (RPL) – BUY 
Current Price: PKR 497.0
Target Price: PKR 776.3

The Searle Co. Ltd (SEARL) – BUY 
Current Price: PKR 497.0
Target Price: PKR 776.3

Tariq Glass (TGL) – BUY 
Current Price: PKR 105.5
Target Price: PKR 128

United Bank Limited (UBL) – BUY 
Current Price: PKR 215.2
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