Pakistan Stock Exchange (PSX) Weekly Analysis 27 Aug, 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: ASTL, POL, NML, PPL, and INDU.

Top losers of last week were: FFC, GWLC, PIOC, DGKC, and EFOODS.

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

The Pakistan Stock Exchange (PSX) market index continued to stay in the bearish zone with the benchmark KSE-100 index shedding another 437pts to close at 42,642, down 1% WoW. While KSE -30 index reached on 22,055 by decreasing -144 points or -0.65 %.

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


  • The prevalent bearish spell continued to be led by unresolved matters on the political and economic front, with this week’s announcement of the new Afghan policy by US President Donald Trump adding to market woes 
  • Foreign investors again demonstrated their uneasiness over expected devaluation of the exchange rate with further net selling of US$9.7mn worth of equities during the week
  • Balance of Payment numbers showing a Current Account deficit of US$2.05bn for Jul-2017
  • Government planning an amnesty scheme and/or issue of US$1.0bn Eurobond to address deteriorating external account
  • Large Scale Manufacturing (LSM) growing by a four-year high growth rate of 5.6% YoY in FY17
  • NEPRA approving Rs1.70/unit refund for Jul-2017 under monthly fuel adjustment
  • The State Bank of Pakistan (SBP) on Monday revealed that the Current Account deficit rose sharply by 210% YoY during Jul-2017 to US$2.05bn compared to last July’s deficit of US$1.39bn. The import of goods jumped to US$ 4.70bn in Jul-2017, up from US$1.618bn in Jul-2016 
  • As per Pakistan Bureau of Statistics (PBS), textile exports in Jul-2017 clockedin at US$1.01bn, rising by 3% YoY. However, textile exports witnessed a 17% MoM plunge compared to exports of US$1.22bn recorded in Jun-2017
  • Cement prices were cut by Rs10-25 per 50kg bag by cement manufacturers in the northern region, with Lucky Cement (LUCK) reducing prices by Rs25/bag. Cement companies in the south have not made a corresponding decrease in prices
  • NAB filing application before SC seeking statements from JIT members in the implementation of Panama leaks case verdict
  • Country’s CAD during Jul’17 widening by 3.1xYoY to US$2.05bn, where both imports and exports growing by 36%YoY/10.58%YoY, respectively
  • Government of Pakistan reportedly revealing plans to raise US$1bn via Eurobond/Sukuk in next few months
  • PSX proposing certain amendments regarding less liquid stocks, fee structure and classification under defaulters’ segment


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 86.29
Target Price: PKR 132

Attock Cement (ACPL) – BUY 
Current Price: PKR 203.76
Target Price: PKR 380

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 65.55
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 634.86
Target Price: PKR 796

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 40.94
Target Price: PKR 47

Cherat Cement Company Limited (CHCC) – BUY 
Current Price: PKR 139.57
Target Price: PKR 251

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 157.18
Target Price: PKR 262.0

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 59.17
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 88.56
Target Price: PKR 162

ENGRO Corporations (ENGRO) – BUY 
Current Price: PKR 296.31
Target Price: PKR 400

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 30.02
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 34.79
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 33.20
Target Price: PKR 67

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 73.14
Target Price: PKR 122.0

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 37.68
Target Price: PKR 104.0

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 316.07
Target Price: PKR 428

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 218.11
Target Price: PKR 334

Honda Atlas Cars (Pak) Ltd. (HCAR) – BUY 
Current Price: PKR 602.33
Target Price: PKR 912.2

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 104.85
Target Price: PKR 133

HUBCO (HUBC) – BUY 
Current Price: PKR 114.76
Target Price: PKR 144

Indus Motors (INDU) – BUY 
Current Price: PKR 1,733.33
Target Price: PKR 2,214.3

K-Electric Ltd. (KEL) – BUY
Current Price: PKR 6.22
Target Price: PKR 10.8

Kohat Cement (KOHC) – BUY
Current Price: PKR 182.75
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 20.93
Target Price: PKR 32

Lucky Cement (LUCK) – BUY 
Current Price: PKR 620.64
Target Price: PKR 1,159.0

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,683.15
Target Price: PKR 2051

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 198.54
Target Price: PKR 250

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 87.34
Target Price: PKR 179.0

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,161.02
Target Price: PKR 1,594.8

National Foods (NATF) – BUY 
Current Price: PKR 349.90
Target Price: PKR 473

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 59.42
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 54.01
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 40.00
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 151.74
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 45.25
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 146.73
Target Price: PKR 200

Pak Elektron Ltd. (PAEL) – BUY 
Current Price: PKR 74.16
Target Price: PKR 126.1

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 99.99
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 20.82
Target Price: PKR 34

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 479.62
Target Price: PKR 518

Power Cement (POWER) – BUY 
Current Price: PKR 10.90
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 172.58
Target Price: PKR 218

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 475.53
Target Price: PKR 800.7

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 435.06
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 13.98
Target Price: PKR 21.9

Roshan Packages Ltd. (RPL) – BUY 
Current Price: PKR 54.46
Target Price: PKR 87.0

The Searle Co. Ltd (SEARL) – BUY 
Current Price: PKR 414.22
Target Price: PKR 776.3

United Bank Limited (UBL) – BUY 
Current Price: PKR 198.66
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. The information given in this blog /forum (http://www.karachistockexchange.org/) is as of the date of this post and there can be no assurance that future results or events will be consistent with this information. This post is provided for assistance only and is not intended to be and must not alone be taken as the basis for any investment decision. The user assumes the entire risk of any use made of this information. Each viewer of this post should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this post (including the merits and risks involved), and should consult his or her own advisors to determine the merits and risks of such investment. This blog /forum (http://www.karachistockexchange.org/)  or any of its affiliates shall not be in any way responsible for any loss or damage that may be arise to any person from any inadvertent error in the information contained in this post.

Written by: Rana Khuram

Pakistan Stock Exchange (PSX) Weekly Analysis 21 Aug, 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: NATF, CJPL, SNBL, DCR, PICT, SPWL, NBP, PSEL, PAKT and IDYM.

Top losers of last week were: PSMC, SEARL, FEROZ, FML, EFOODS, PAEL, CSAP, PGF, ICI and CHCC.

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

The Pakistan Stock Exchange (PSX) market index KSE‐100 index fell 4.8%WoW, ending the 4‐
day trading session at 43,078pts mainly because of rising political uncertainty (PAT’s protest against Punjab government, summoning of former PM and his sons to NAB). KSE-100 index has reached 43,078 by losing -2210 points or -4.88 %. While KSE -30 index reached on 22,199 by decreasing -1149 points or -4.92 %.

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



  • NAB sending letter to Saudi authorities requesting details of the Azizia Steel Mills
  • Nawaz Sharif’s counsel filing review petition against Panama leaks case verdict
  • Total foreign exchange reserves falling consecutively fifth week to US$19.94bn during the week ended Aug 11’17
  • Country’s service exports rising 1.76%YoY to US$5.5bn in FY17
  • Foreign investment reaches USD222.6mn in July
  • Forex reserves slip below USD20bn
  • MLCF issued 12.5% rights to finance its brownfield expansion
  • With an ambitious plan to double the volume of liquefied natural gas (LNG) imports this year, the government intends to ink multibillion‐dollar state‐to‐state gas supply contracts with big African producers
  • Sugar prices keep mounting as millers push govt for subsidy
  • National Bank to open two branches in China next year


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 86.98
Target Price: PKR 132

Attock Cement (ACPL) – BUY 
Current Price: PKR 228.03
Target Price: PKR 380

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 67.49
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 645.00
Target Price: PKR 796

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 41.3
Target Price: PKR 47

Cherat Cement Company Limited (CHCC) – BUY 
Current Price: PKR 145.14
Target Price: PKR 251

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 171.76
Target Price: PKR 262.0

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 57.71
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 97.40
Target Price: PKR 162

ENGRO Corporations (ENGRO) – BUY 
Current Price: PKR 294.52
Target Price: PKR 400

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 29.71
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 36.42
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 33.58
Target Price: PKR 67

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 77.61
Target Price: PKR 122.0

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 40.31
Target Price: PKR 104.0

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 322.11
Target Price: PKR 428

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 215.48
Target Price: PKR 334

Honda Atlas Cars (Pak) Ltd. (HCAR) – BUY 
Current Price: PKR 605.1
Target Price: PKR 912.2

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 107.17
Target Price: PKR 133

HUBCO (HUBC) – BUY 
Current Price: PKR 113.98
Target Price: PKR 144

Indus Motors (INDU) – BUY 
Current Price: PKR 1,683.36
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 194.18
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 20.28
Target Price: PKR 32

Lucky Cement (LUCK) – BUY 
Current Price: PKR 656.65
Target Price: PKR 1,159.0

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,772.4
Target Price: PKR 2051

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 200.2
Target Price: PKR 250

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 90.13
Target Price: PKR 179.0

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,258.8
Target Price: PKR 1,594.8

National Foods (NATF) – BUY 
Current Price: PKR 330.75
Target Price: PKR 473

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 60.72
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 51.79
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 42.00
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 145.19
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 45.49
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 146.34
Target Price: PKR 200

Pak Elektron Ltd. (PAEL) – BUY 
Current Price: PKR 82.8
Target Price: PKR 126.1

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 107.27
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 20.84
Target Price: PKR 34

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 454.96
Target Price: PKR 518

Power Cement (POWER) – BUY 
Current Price: PKR 11.71
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 167.34
Target Price: PKR 218

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 466.20
Target Price: PKR 800.7

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 439.49
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 14.10
Target Price: PKR 21.9

Roshan Packages Ltd. (RPL) – BUY 
Current Price: PKR 56.1
Target Price: PKR 87.0

The Searle Co. Ltd (SEARL) – BUY 
Current Price: PKR 414.1
Target Price: PKR 776.3

United Bank Limited (UBL) – BUY 
Current Price: PKR 191.05
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. The information given in this blog /forum (http://www.karachistockexchange.org/) is as of the date of this post and there can be no assurance that future results or events will be consistent with this information. This post is provided for assistance only and is not intended to be and must not alone be taken as the basis for any investment decision. The user assumes the entire risk of any use made of this information. Each viewer of this post should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this post (including the merits and risks involved), and should consult his or her own advisors to determine the merits and risks of such investment. This blog /forum (http://www.karachistockexchange.org/)  or any of its affiliates shall not be in any way responsible for any loss or damage that may be arise to any person from any inadvertent error in the information contained in this post.

Written by: Rana Khuram

Pakistan Stock Exchange (PSX) Weekly Analysis 13 Aug, 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: PSO, INDU, BAFL.

Top losers of last week were: MLCF, EFOODS, PSMC, ENGRO, FFBL.

Top Volume Leaders of last week: ANL, TRG, KEL, SMBL and ASL.

The Pakistan Stock Exchange (PSX) market index paired gains for the fifth consecutive session closing the week at 45,288 points, dwindling 3.39%WoW or down 1589pts. KSE-100 index has reached 45,288 by losing 1589 points or -3.39 %. While KSE -30 index reached on 23,348 by decreasing -1024 points or -4.20 %.

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


  • Despite ongoing result season, the index weighed upon political uncertainty with Tahir ul Qadri demanding public disclosure of 12th May judicial commission report and ousted Prime Minister marching out to protest Supreme Court’s decision
  • Reduction in retail prices of MOGAS and HSD by PkR1.80/2.50/litre
  • GoP disbursing PkR25‐30bn to the exporters under PM’s package
  • Auto sales surging 17.9% YoY to 20,369 units in Jul’18
  • Total cement dispatches growing by 44%YoY to 3.382mn tons in Jul’18 where local cement offtake registered staggering 55%YoY growth to 2.906mn tons
  • Trade deficit widening by 56%YoY to US$3.2bn in Jul’18, wherein imports/exports went up by 37%/10.5%YoY to US$4.84/US$1.63bn
  • Average daily traded volumes plunged 45.57%WoW to 189.92mn shares
  • Foreigners remained net sellers dumping stocks worth US$31.16mn compared with US$41.09mn in the last week


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 89.4
Target Price: PKR 132

Attock Cement (ACPL) – BUY 
Current Price: PKR 254.5
Target Price: PKR 380

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 69.63
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 675.0
Target Price: PKR 796

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 42.4
Target Price: PKR 47

Cherat Cement Company Limited (CHCC) – BUY 
Current Price: PKR 162.89
Target Price: PKR 251

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 190.85
Target Price: PKR 262.0

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 59.57
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 111.98
Target Price: PKR 162

ENGRO Corporations (ENGRO) – BUY 
Current Price: PKR 311.44
Target Price: PKR 400

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 31.91
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 40.01
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 36.0
Target Price: PKR 67

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 78.81
Target Price: PKR 122.0

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 44.82
Target Price: PKR 104.0

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 335.51
Target Price: PKR 428

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 226.55
Target Price: PKR 334

Honda Atlas Cars (Pak) Ltd. (HCAR) – BUY 
Current Price: PKR 653.8
Target Price: PKR 912.2

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 109.07
Target Price: PKR 133

HUBCO (HUBC) – BUY 
Current Price: PKR 119.3
Target Price: PKR 144

Indus Motors (INDU) – BUY 
Current Price: PKR 1,803.1
Target Price: PKR 2,214.3

K-Electric Ltd. (KEL) – BUY
Current Price: PKR 6.9
Target Price: PKR 10.8

Kohat Cement (KOHC) – BUY
Current Price: PKR 207.3
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 20.93
Target Price: PKR 32

Lucky Cement (LUCK) – BUY 
Current Price: PKR 689.92
Target Price: PKR 1,159.0

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,809.4
Target Price: PKR 2051

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 211.4
Target Price: PKR 250

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 98.06
Target Price: PKR 179.0

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,343.5
Target Price: PKR 1,594.8

National Foods (NATF) – BUY 
Current Price: PKR 300
Target Price: PKR 473

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 60.69
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 53.1
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 43.4
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 158.9
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 151.0
Target Price: PKR 200

Pak Elektron Ltd. (PAEL) – BUY 
Current Price: PKR 93.9
Target Price: PKR 126.1

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 117.39
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 21.77
Target Price: PKR 34

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 489.9
Target Price: PKR 518

Power Cement (POWER) – BUY 
Current Price: PKR 12.25
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 169.43
Target Price: PKR 218

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 551.29
Target Price: PKR 800.7

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 449.76
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 14.70
Target Price: PKR 21.9

Roshan Packages Ltd. (RPL) – BUY 
Current Price: PKR 58.9
Target Price: PKR 87.0

The Searle Co. Ltd (SEARL) – BUY 
Current Price: PKR 487.4
Target Price: PKR 776.3

United Bank Limited (UBL) – BUY 
Current Price: PKR 197.35
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. The information given in this blog /forum (http://www.karachistockexchange.org/) is as of the date of this post and there can be no assurance that future results or events will be consistent with this information. This post is provided for assistance only and is not intended to be and must not alone be taken as the basis for any investment decision. The user assumes the entire risk of any use made of this information. Each viewer of this post should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this post (including the merits and risks involved), and should consult his or her own advisors to determine the merits and risks of such investment. This blog /forum (http://www.karachistockexchange.org/)  or any of its affiliates shall not be in any way responsible for any loss or damage that may be arise to any person from any inadvertent error in the information contained in this post.

Written by: Rana Khuram

Pakistan Stock Exchange (PSX) Weekly Analysis 7 Aug, 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: CJPL, CPPL, TRG, PSO, SNGP, FEROZ, KEL, MUREB, POML and ISL.

Top losers of last week were: PMPK, FML, PAKT, HBL, JGICL, HMB, FFC, IGIIL, SSGC and IDYM.

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

The Pakistan Stock Exchange (PSX) market index recovers as political clarity emerges. KSE-100 index has reached 46,877 by gaining 965 points or 2.10 %. While KSE -30 index reached on 24,372 by increasing 518 points or 2.17 %.

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


  • Market participants appeared to have taken comfort on the election of Mr. Shahid Khaqan Abbasi as the new Prime Minister
  • Pakistan’s total liquid foreign exchange reserves fell for the third consecutive week, this time by US$153mn to reach US$20.283bn by July 28, 2017
  • Finance division calculates external public debt at $58.4bln
  • Average trading volumes jumped 76%WoW to 349mn from 198mn
  • Foreigners net selling increased to USD41.1mn during the week. While Mutual Funds and Individuals absorbed the selling with net buying of USD34.1mn and USD17.9mn, respectively
  • Dalda plans Rs7bn share offer for public
  • Byco Petroleum Pakistan Limited has notified the bourse that the company will resume production from its 120,000 barrels/day refinery and start supplying products to the market by August 5, 2017
  • The result season unveiled earning of two major fertilizer players FFC and EFERT. While FFC recorded declining margins, EFERT posted a strong uptick in both the top line and margins, resulting in 47% growth in 1H earnings 
  • Five Pakistani companies have made it to Forbes annual Asia's 200 Best under A Billion List, down from seven last year. Agriauto Industries, Cherat Packaging, Ferozsons Laboratories, Gandhara Industries and Searle Company made it to the list in 2017 
  • Textile sector would receive Rs15 billion as incentives under the Rs180 billion worth of export package by August 15, 2017 
  • Ministry of national food security and research directed to immediately disburse PkR20bn in pending subsidy claims to the fertilizer makers and to simplify the process for disbursing pending payments under the subsidy schemes of FY16 and FY17
  • Issuance of fresh guarantee of PkR30bn by Finance Ministry to the power sector for settlement of its liabilities on account of repayment of loan and interest payment through a fresh loan
  • NEPRA approved upfront tariff of PkR7.1129/kWh for coal‐fired CPP which will remain applicable till Dec 31’18
  • According to Pakistan Bureau of Statistics (PBS); Consumer Price Index (CPI) on year‐on‐year basis during July 2017 witnessed an increase of 2.91% as compared to the same month of the last year

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 91.01
Target Price: PKR 132

Attock Cement (ACPL) – BUY 
Current Price: PKR 273.15
Target Price: PKR 380

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 73.04
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 699.34
Target Price: PKR 796

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 42.40
Target Price: PKR 47

Cherat Cement Company Limited (CHCC) – BUY 
Current Price: PKR 167.69
Target Price: PKR 251

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 198.87
Target Price: PKR 262.0

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 60.62
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 127.36
Target Price: PKR 162

ENGRO Corporations (ENGRO) – BUY 
Current Price: PKR 336.47
Target Price: PKR 400

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 33.00
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 40.87
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 38.51
Target Price: PKR 67

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 81.54
Target Price: PKR 122.0

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 47.0
Target Price: PKR 104.0

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 345.93
Target Price: PKR 428

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 237.13
Target Price: PKR 334

Honda Atlas Cars (Pak) Ltd. (HCAR) – BUY 
Current Price: PKR 679.71
Target Price: PKR 912.2

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 112.29
Target Price: PKR 133

HUBCO (HUBC) – BUY 
Current Price: PKR 124.93
Target Price: PKR 144

Indus Motors (INDU) – BUY 
Current Price: PKR 1,771.37
Target Price: PKR 2,214.3

K-Electric Ltd. (KEL) – BUY
Current Price: PKR 7.25
Target Price: PKR 10.8

Kohat Cement (KOHC) – BUY
Current Price: PKR 206.58
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 21.16
Target Price: PKR 32

Lucky Cement (LUCK) – BUY 
Current Price: PKR 720.17
Target Price: PKR 1,159.0

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,788.1
Target Price: PKR 2051

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 213.18
Target Price: PKR 250

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 114.92
Target Price: PKR 179.0

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,353.37
Target Price: PKR 1,594.8

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 61.40
Target Price: PKR 74

National Foods (NATF) – BUY 
Current Price: PKR 306.00
Target Price: PKR 473

Nishat Chunian (NCL) – BUY 
Current Price: PKR 53.52
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 43.86
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 162.40
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 47.50
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 158.11
Target Price: PKR 200

Pak Elektron Ltd. (PAEL) – BUY 
Current Price: PKR 107.6
Target Price: PKR 126.1

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 122.61
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 22.08
Target Price: PKR 34

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 503.72
Target Price: PKR 518

Power Cement (POWER) – BUY 
Current Price: PKR 13.12
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 177.16
Target Price: PKR 218

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 622.52
Target Price: PKR 800.7

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 428.85
Target Price: PKR 490

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

Roshan Packages Ltd. (RPL) – BUY 
Current Price: PKR 64.14
Target Price: PKR 87.0

The Searle Co. Ltd (SEARL) – BUY 
Current Price: PKR 513.72
Target Price: PKR 776.3

United Bank Limited (UBL) – BUY 
Current Price: PKR 212.23
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