Pakistan Stock Exchange (PSX) Weekly Analysis 27 Nov, 2017

BUY recommendations are:  ABL, ACPL, AICL, APL, ASTL, BAFL, BAHL, CHCC, DGKC, ENGRO, FATIMA, FCCL, FFBL, FFC, GWLC, HBL, HASCOL, HCAR, HMB, HTL, HUBC, INDU, KOHC, LPL, LUCK, MARI, MCB, MLCF, NBP, NATF, NCL, NCPL, NML, NPL, OGDC, PAEL, PIOC, PKGP, POL, POWER, PSMC, PSO, PTC, TGL, UBL.

Top gainers of last week were: PAKT, KEL, GHGL, JLICL, CPPL, INIL, JDWS, PMPK, FFBL, and EFUG.

Top losers of last week were: NESTLE, NPL, NCPL, BNWM, BATA, IBFL, SHEL, ATRL, PSO, and JSCL.

Top Volume Leaders of last week: KEL, TRG, PAEL, SSGC, BOP, ATRL, OGDC, ENGRO, SNGP, and ISL.

The Pakistan Stock Exchange (PSX) market index decline by 596pts/1.5% on the back of pressure in the Energy Chain (‐208pts: OMC ‐ 98pts, Power ‐62pts, Refinery ‐32pts, E&Ps ‐16pts) where Government’s current management & future plans for ‘optimal’ fuel mix for the country’s power generation had suboptimal implications on investor sentiments. KSE-100 index has closed on 40,248 by losing 596 points or -1.46 %. While KSE-30 index has closed on 20,330 by decreasing 333 points or -1.61%.

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


  • Oil Refineries, Oil Marketing Companies (OMCs) and Independent Power Producers (IPPs) stocks plummeted during the week owing to recent news flow regarding plans of imposing ban on Furnace Oil (FO) imports and shutting down FO based power generation, with the latter resulting in pileup of FO inventories in the system
  • K-Electric (KEL) rallied 12%WoW owing to news regarding its acquisition by Shanghai Electric and National Electric Power Regulatory Authority(NEPRA) reconsideration of KEL's Multi-Year Tariff (MYT)
  • Foreigners/Mutual Funds/Brokers remained net sellers as they offloaded shares worth USD6.3mn/USD3.5mn/USD3.5mn during the week. Companies/Other Organizations/Banks absorbed the major selling with net buying of USD3.9mn/USD3.5mn/USD2.7mn
  • JCC approving long-term plan of CPEC with special focus on SEZs while feasibility studies of Gwadar airport were shared with the Chinese members
  • Accountability court declaring Ishaq Dar an absconder, while the govt. allowed him leave of absence for an indefinite time period
  • PM Abbasi performing ground breaking/inauguration of PkR18bn East Bay Expressway in Gwadar and the newly built LNG terminal
  • The Prime Minister finally accepted Finance Minister’s ‘leave for absence’ due to his ill-health, while sit-in in the capital etc. continued to create an environment of instability
  • The political scene remained heated throughout the week with the spiraling scuffle between the GoP and religious groups gathered in the capital city demanding resig-nation of a federal minister. The situation further worsened with the removal of Ishaq Dar (ex-finance minister) from office, aggravating the investors’ woes
  • After sus-pending talks with Ghandhara Nissan Ltd (GNL) last week, French automaker Renault is making another attempt to assemble and distribute its vehicles in Pakistan in partnership with Al Futtaim, a Gulf-based business house. Groupe Renault and Al-Futtaim have signed definitive agreements to assemble vehicles in a new plant in Karachi, a statement said on Monday
  • Amreli Steels, Pakistan’s leading manufacturer of reinforcement bars, planned a joint venture with a Chinese company to produce and sell electrical transmission equipment in the country seeing a raft of new power projects on their way to meet growing energy demand


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 80.0
Target Price: PKR 90

Attock Cement (ACPL) – BUY 
Current Price: PKR 172.1
Target Price: PKR 261

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 52.25
Target Price: PKR 83

Attock Petroleum (APL) – BUY 
Current Price: PKR 578.2
Target Price: PKR 729

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 93.3
Target Price: PKR 128

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 40.8
Target Price: PKR 50

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 56.5
Target Price: PKR 72

Cherat Cement Company Limited (CHCC) – BUY 
Current Price: PKR 97.3
Target Price: PKR 140

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 134.8
Target Price: PKR 201

ENGRO Corporations (ENGRO) – BUY 
Current Price: PKR 260
Target Price: PKR 359

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 30.50
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 27.6
Target Price: PKR 36

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 35.43
Target Price: PKR 50

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 82.5
Target Price: PKR 97

Gharibwal Cement Ltd. (GWLC) – BUY 
Current Price: PKR 23.50
Target Price: PKR 58

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 278   
Target Price: PKR 369

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 164.8
Target Price: PKR 248

Honda Atlas Cars (Pak) Ltd. (HCAR) – BUY 
Current Price: PKR 544.5
Target Price: PKR 707

Habib Metro Bank (HMB) – BUY 
Current Price: PKR 33.75
Target Price: PKR 50

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 75.81 
Target Price: PKR 133

HUBCO (HUBC) – BUY 
Current Price: PKR 101.8
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,720
Target Price: PKR 2,218

Kot Addu Power Company (KAPCO) – BUY
Current Price: PKR 61.99   
Target Price: PKR 85.00

Kohat Cement (KOHC) – BUY
Current Price: PKR 138.3
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 22.30
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 509.6
Target Price: PKR 785

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,530
Target Price: PKR 2,051

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 204.8
Target Price: PKR 230

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 71.1
Target Price: PKR 107

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 43.61
Target Price: PKR 74

National Foods (NATF) – BUY 
Current Price: PKR 306
Target Price: PKR 395

Nishat Chunian (NCL) – BUY 
Current Price: PKR 46.42
Target Price: PKR 53

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 31.3
Target Price: PKR 47

Nishat Mills (NML) – BUY 
Current Price: PKR 140.45
Target Price: PKR 169

Nishat Power (NPL) – BUY 
Current Price: PKR 33.9
Target Price: PKR 46.9

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 157.9
Target Price: PKR 175

Pak Elektron Ltd. (PAEL) – BUY 
Current Price: PKR 54.5
Target Price: PKR 88

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 62.5
Target Price: PKR 109

Pakgen Power Limited (PKGP) – BUY 
Current Price: PKR 22.84
Target Price: PKR 34

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 616.11
Target Price: PKR 683

Power Cement (POWER) – BUY 
Current Price: PKR 8.32
Target Price: PKR 16

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 509.98
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 317.2
Target Price: PKR 392

Pakistan Telecommunication (PTC) – BUY 
Current Price: PKR 12.57
Target Price: PKR 19.00

Tariq Glass (TGL) – BUY 
Current Price: PKR 100.7
Target Price: PKR 128

United Bank Limited (UBL) – BUY 
Current Price: PKR 167.1
Target Price: PKR 250

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 19 Nov, 2017

BUY recommendations are:  ABL, ACPL, AICL, APL, ASTL, BAFL, BAHL, CHCC, DGKC, ENGRO, FATIMA, FCCL, FFBL, FFC, GWLC, HBL, HASCOL, HCAR, HMB, HTL, HUBC, INDU, KOHC, LPL, LUCK, MARI, MCB, MLCF, NBP, NATF, NCL, NCPL, NML, NPL, OGDC, PAEL, PIOC, PKGP, POL, POWER, PSMC, PSO, PTC, TGL, UBL.

Top gainers of last week were: PAKT, TRG, IBFL, COLG, BATA, PIBTL, SHFA, ASTL, HMB and HUMNL.

Top losers of last week were: NPL, DAWH, BNWM, SNGP, ENGRO, KEL, NRL, PSO, ABOT and GADT.

Top Volume Leaders of last week: TRG, SSGC, SNGP, KEL, ENGRO, PAEL, PTC, MLCF, BOP, and OGDC.

The Pakistan Stock Exchange (PSX) market index retracted flat on the week's close, with the benchmark KSE-100 index shedding 142 points WoW to close at 40,844 on the back political uncertainty and reduction in PSX’s weight in the MSCI. KSE-100 index has closed on 40,844 by losing 592 points or 1.43 %. While KSE-30 index has closed on 20,663 by decreasing 440 points or -2.09%.

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


  • Unsettling news over timing of elections, ongoing court cases (involving ex-Prime Minister, Finance Minister and Imran Khan) etc. made perfect cocktail to keep investors wary of making fresh investments 
  • Matters on macroeconomic front also remained unexciting as released trade deficit numbers for 4MFY18 posted a whopping increase of 31.24% YoY mainly on account of dull exports and rising imports
  • Keeping weak outlook into consideration, mutual funds and banks turned into net sellers of US$16mn and US$4mn worth of equities, respectively
  • Rs50/bag increase in locally available DAP prices
  • Both ENGRO and DAWH (parent company for ENGRO) witnessed selling pressure as MSCI demoted the stock from its Emerging Market (Standard) Index to the Small Cap Series
  • DAWH also underwent additional streak of negative sentiments as Kot Addu Power Company (KAPCO) last week announced that it may not go ahead with the stake purchase of Hub Power (HUBC) from DAWH
  • Similarly, rest of the stocks removed from the MSCI small-cap index came in under a beating, with SHEL losing the highest value (4.7%), followed by PSMC (↓4.61%) and FEROZ (↓2.43%)
  • On economic front, Pakistan Bureau of Statistics (PBS) announced that Trade Deficit widened by 36%YoY/9%MoM to USD3.0bn in Oct-17 owing to jump in imports during the period. Similarly for 4MFY18, Trade Deficit was 31%YoY higher at USD12.1bn due to continued trend of significantly faster growth in imports relative to that of exports
  • Encouragingly, foreign investors turned net buyers during the week as they mopped shares worth USD 1.1 million
  • Sales of locally produced cars, vans, light commercial commercials (LCVs) and jeeps jumped by 32 per cent to 83,809 units in the first four months (July-October) of this fiscal year
  • Sugar Advisory Board (SAB), an inter-provincial body, proposed the government to allow sugar export of 1.5 million tonnes as sweetener surplus may pile up to three million tonnes by the end of the current crushing season, official papers revealed on Thursday
  • ADB unveiling its latest country operations for Pakistan for 2018‐20 with resources available amounting to US$4.7bn including US$1bn for hydropower resources
  • American Congress authorizing up to US$700mn in CSF to reimburse Pakistan for operations in Afghanistan
  • The King of Saudi Arabia plans to step down and announce his son as his successor next week, a source close to the country's royal family has exclusively told DailyMail. The move is seen as the final step in Prince Mohammed bin Salman's power grab, which began earlier this month with the arrests of more than 40 princes and government ministers in a corruption probe


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 81.09
Target Price: PKR 118

Attock Cement (ACPL) – BUY 
Current Price: PKR 173.21     
Target Price: PKR 299

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 56.89
Target Price: PKR 88

Attock Petroleum (APL) – BUY 
Current Price: PKR 600.07   
Target Price: PKR 729

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 97.7
Target Price: PKR 128

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 40.54     
Target Price: PKR 50

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 56.80
Target Price: PKR 72

Cherat Cement Company Limited (CHCC) – BUY 
Current Price: PKR 100.33   
Target Price: PKR 140

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 138.22   
Target Price: PKR 262.0

ENGRO Corporations (ENGRO) – BUY 
Current Price: PKR 269.64
Target Price: PKR 359

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 31.63
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 28.68   
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 34.05
Target Price: PKR 51.1

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 82.6
Target Price: PKR 110

Gharibwal Cement Ltd. (GWLC) – BUY 
Current Price: PKR 23.43
Target Price: PKR 58

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 284.12   
Target Price: PKR 369

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 167.95     
Target Price: PKR 248

Honda Atlas Cars (Pak) Ltd. (HCAR) – BUY 
Current Price: PKR 573.8
Target Price: PKR 707

Habib Metro Bank (HMB) – BUY 
Current Price: PKR 33.99
Target Price: PKR 50

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 82.99 
Target Price: PKR 133

HUBCO (HUBC) – BUY 
Current Price: PKR 104.49
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,751     
Target Price: PKR 2,218

Kot Addu Power Company (KAPCO) – BUY
Current Price: PKR 65.08 
Target Price: PKR 85.00

Kohat Cement (KOHC) – BUY
Current Price: PKR 143.98
Target Price: PKR 315

Lalpir Power (LPL) – BUY 
Current Price: PKR 21.99
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 511.46   
Target Price: PKR 1,046.0

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,590
Target Price: PKR 2,051

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 202.90
Target Price: PKR 244

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 72.66   
Target Price: PKR 107

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 45.42
Target Price: PKR 74

National Foods (NATF) – BUY 
Current Price: PKR 310
Target Price: PKR 395

Nishat Chunian (NCL) – BUY 
Current Price: PKR 47.64
Target Price: PKR 53.8

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 35.45   
Target Price: PKR 47

Nishat Mills (NML) – BUY 
Current Price: PKR 145.77
Target Price: PKR 169

Nishat Power (NPL) – BUY 
Current Price: PKR 38.85
Target Price: PKR 46.9

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 155.56
Target Price: PKR 182

Pak Elektron Ltd. (PAEL) – BUY 
Current Price: PKR 57.1
Target Price: PKR 88

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 62.95
Target Price: PKR 109

Pakgen Power Limited (PKGP) – BUY 
Current Price: PKR 22.61
Target Price: PKR 34

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 625.32
Target Price: PKR 683

Power Cement (POWER) – BUY 
Current Price: PKR 8.32
Target Price: PKR 16

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 519.40
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 335.49   
Target Price: PKR 392

Pakistan Telecommunication (PTC) – BUY 
Current Price: PKR 12.72
Target Price: PKR 19.00

Tariq Glass (TGL) – BUY 
Current Price: PKR 101.7
Target Price: PKR 128

United Bank Limited (UBL) – BUY 
Current Price: PKR 171.99
Target Price: PKR 250

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 12 Nov, 2017

BUY recommendations are:  ABL, ACPL, AICL, AKBL, APL, ASTL, BAFL, BAHL, CHCC, DGKC, EFERT, ENGRO, EPCL, FATIMA, FCCL, FFBL, FFC, GWLC, HBL, HASCOL, HCAR, HMB, HTL, HUBC, INDU, KOHC, LOTCHEM, LPL, LUCK, MARI, MCB, MLCF, MTL, NBP, NATF, NCL, NCPL, NML, NPL, OGDC, PAEL, PIOC, PKGP, POWER, PSMC, PSO, PTC, RPL, SEARL, UBL.

Top gainers of last week were: PKGP, LPL, HASCOL, NPL, NML, PSMC, EFOODS, MLCF, GTYR, and MEBL.

Top Volume Leaders of last week: JPGL, SSGC, ANL, SNGP, TRG.

The Pakistan Stock Exchange (PSX) market index witnessed some recovery during the outgoing week with KSE-100 index inching up by 0.9% WoW to close at 41,436pts. KSE-100 index has closed on 41,436 by losing 372 points or 0.91 %. While KSE-30 index has closed on 21,103 by increasing 163 points or 0.78%.

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


  • OGRA has proposed the floating of bids for building a 430km long oil pipeline from Sheikhupura to Peshawar
  • ENGRO is planning to establish its second LNG terminal of 600mmcfd, expected to become operational by early 2019 with consortium partners Shell exploration BV, Fatima Group, and Swiss based Gunvor Group
  • According to the Cement industry association spokesman, the domestic manufacturers witnessed highest ever capacity utilization of 93% in 1QFY18\\
  • WB raised alarms for Pakistan's economy and predicted that the inflation number for the FY18‐19 would rise up to 6%
  • As per recent data released by SBP, country's total foreign exchange reserves surged 0.35%WoW (US$69mn) to US$19.91bn during the last week ended Nov 03'17
  • Most of the pullback can be attributed to buying by mutual funds post relaxation of cash holding rules and value buying at cheap multiples
  • Mutual Funds during the week bought US$17.2mn worth of equities, whereas Banks (net selling of US$6.6mn) and Individuals (net selling of US$3.2mn) continued to offload their positions 
  • World Bank shared projecting GDP growth at 5.5% for FY18 and inflation at 6.0% YoY
  • construction of 430km Lahore-Peshawar oil pipeline
  • 27.9% YoY increase in Oct-2017 remittances
  • Release of cement dispatches numbers (+19.7% YoY to 4.22mn tons in Oct-17)
  • Power Division seeking tariff revision for K-Electric
  • ENGRO eyeing 2019 start for new LNG terminal in Karachi
  • All Pakistan Cement Manufacturers Association (APCMA) released data on cement dispatches for the month of Oct-2017, showing impressive growth of 19.7% YoY to 4.22mn tons

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 81.60
Target Price: PKR 124

Attock Cement (ACPL) – BUY 
Current Price: PKR 177.53   
Target Price: PKR 315

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 58
Target Price: PKR 90

Askari Bank (AKBL) – BUY 
Current Price: PKR 18.65
Target Price: PKR 25

Attock Petroleum (APL) – BUY 
Current Price: PKR 610   
Target Price: PKR 729

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 94.81
Target Price: PKR 128

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 40.50     
Target Price: PKR 50

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 56.55
Target Price: PKR 72

Cherat Cement Company Limited (CHCC) – BUY 
Current Price: PKR 105.48   
Target Price: PKR 140

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 142.51   
Target Price: PKR 262.0

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 66.7
Target Price: PKR 79

ENGRO Corporations (ENGRO) – BUY 
Current Price: PKR 288.0
Target Price: PKR 359

ENGRO Polymer & Chem (EPCL) – BUY 
Current Price: PKR 34.7
Target Price: PKR 44.9

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 31.60
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 28.96   
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 33.58
Target Price: PKR 51.1

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 82.5
Target Price: PKR 110

Gharibwal Cement Ltd. (GWLC) – BUY 
Current Price: PKR 23.69
Target Price: PKR 58

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 167.98   
Target Price: PKR 248

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 283.55   
Target Price: PKR 428

Honda Atlas Cars (Pak) Ltd. (HCAR) – BUY 
Current Price: PKR 580.7
Target Price: PKR 752

Habib Metro Bank (HMB) – BUY 
Current Price: PKR 33.00
Target Price: PKR 50

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 87.55 
Target Price: PKR 133

HUBCO (HUBC) – BUY 
Current Price: PKR 106.01
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,754   
Target Price: PKR 2,214.3

Kot Addu Power Company (KAPCO) – BUY
Current Price: PKR 67.53 
Target Price: PKR 85.00

Kohat Cement (KOHC) – BUY
Current Price: PKR 146.55
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 21.20
Target Price: PKR 32

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 6.7 
Target Price: PKR 10.2

Lucky Cement (LUCK) – BUY 
Current Price: PKR 514.83 
Target Price: PKR 1,159.0

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,597.2
Target Price: PKR 2,051

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 210.08
Target Price: PKR 244

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 71.97   
Target Price: PKR 107

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,208.1   
Target Price: PKR 1,675.3

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 45.87
Target Price: PKR 74

National Foods (NATF) – BUY 
Current Price: PKR 305
Target Price: PKR 473

Nishat Chunian (NCL) – BUY 
Current Price: PKR 46.60
Target Price: PKR 53.8

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 36.4 
Target Price: PKR 51.7

Nishat Mills (NML) – BUY 
Current Price: PKR 145.76
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 43.9
Target Price: PKR 46.9

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 159.5   
Target Price: PKR 182

Pak Elektron Ltd. (PAEL) – BUY 
Current Price: PKR 58.2
Target Price: PKR 126.1

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 63.65
Target Price: PKR 109

Pakgen Power Limited (PKGP) – BUY 
Current Price: PKR 21.49
Target Price: PKR 34

Power Cement (POWER) – BUY 
Current Price: PKR 8.48
Target Price: PKR 16

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 544.49
Target Price: PKR 800.7

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 355.1   
Target Price: PKR 392

Pakistan Telecommunication (PTC) – BUY 
Current Price: PKR 12.98
Target Price: PKR 19.00

Roshan Packages Ltd. (RPL) – BUY 
Current Price: PKR 44.7
Target Price: PKR 87.0

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 344.4
Target Price: PKR 505.0

United Bank Limited (UBL) – BUY 
Current Price: PKR 176.94
Target Price: PKR 250

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 5 Nov, 2017

BUY recommendations are:  ABL, ACPL, AICL, AKBL, APL, ASL, ASTL, BAFL, BAHL, CHCC, DGKC, EFERT, ENGRO, FATIMA, FCCL, FFBL, FFC, GWLC, HBL, HASCOL, HCAR, HMB, HTL, HUBC, INDU, ISL, KOHC, LPL, LUCK, MARI, MCB, MEBL, MLCF, NBP, NATF, NCL, NCPL, NML, NPL, OGDC, PAEL, PIOC, PKGP, POWER, PPL, PSMC, PSO, PTC, TGL, UBL.

Top gainers of last week were: ATLH, FATIMA, MARI, PPL, OGDC, POL, NML, OLPL, AICL and ISL.

Top losers of last week were: FML, PAEL, TRG, PIBTL, CHCC, PAKT, PIOC, NCL, GADT, and EFOODS.

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

The Pakistan Stock Exchange (PSX) market index remained flattish this week, declining just 0.1%WoW (41pts) to close at 41,064pts. The market broke through the 40,000pts psychological barrier during the week but reacted robustly to reach previous levels.  KSE-100 index has closed on 41,064 by losing 41 points or -0.1 %.

Average trading volumes for the week clocked in at 117mn shares, down 13%WoW. The volumes were led by Pak Elektron (PAEL) and Sui North Gas (SNGP) recording traded volumes of 49mn and 27mn shares, respectively. This came as the market reacted to the financial results of the two companies, announced late last week, where PAEL underperformed the consensus, while SNGP reported continued improvement in financial performance.

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


  • Developments on political scenario continued to haunt investors during the initial part of the week, however recovery witnessed later helped the index to close only 0.1% WoW lower to previous week at 41,064
  • Net foreign outflows for the outgoing week clocked in at USD31mn, meanwhile Insurance Companies and Mutual Funds remained the biggest buyers in the market with net inflows of USD11mn and USD10mn respectively
  • E&Ps sector was the top gainer over the week, up 8%; Tobacco and Cement sectors were down 4% each over the outgoing week
  • An international arbitration court awarded over Rs14 billion to nine independent power producers (IPPs) in Pakistan in a dispute on overdue claims with the National Transmission and Despatch Company (NTDC)
  • The government on Tuesday increased prices of all petroleum products by up to 11 per cent with immediate effect for the month of November
  • Consumer Price Index (CPI) inflation remained at 3.80 percent in October 2017 as opposed to the same month a year before due to increase in the prices of perishable food items, according to Pakistan Bureau of Statistics (PBS)
  • In a major policy shift, the Privatization Commission has decided to initiate the process of privatizing Pakistan International Airlines (PIA) and all power generation and distribution companies
  • The political uncertainty which continues to unnerve investors was lent some respite upon the ruling party hinting at the likely date for the next general elections. However, finalization of Shahbaz Sharif as the prime ministerial candidate for the 2018 elections may help in alleviating concerns regarding the rumored conflict within the ruling party
  • GoP’s plan to import 0.5mn tons of urea despite ample inventory already held up in the pipeline led to below par performance of the fertilizer sector as it declined by 4.55%W/W
  • Dawood Hercules has finalised a share purchase agreement with Kot Addu Power Company (Kapco) to offload its entire shareholding of 172.58 million shares (14.9 per cent) in Hub Power Company (Hubco) at Rs109.86 per share, according to a filing with the stock exchange on Friday.In total, Kapco will acquire 17.4pc shares in Hubco
  • A Canada-based oil firm paid $54.8 million in outstanding payments to Pakistan Petroleum Limited (PPL) after reaching an agreement to settle two-year old dispute on rigs liabilities, a bourse filing said on Friday
  • Government set to approve wheat export of two million tons to cut surplus stock

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 80.24
Target Price: PKR 132

Attock Cement (ACPL) – BUY 
Current Price: PKR 176.86   
Target Price: PKR 315

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 57.93
Target Price: PKR 90

Askari Bank (AKBL) – BUY 
Current Price: PKR 18.73
Target Price: PKR 25

Attock Petroleum (APL) – BUY 
Current Price: PKR 615.00   
Target Price: PKR 796

Aisha Steels Limited (ASL) – BUY 
Current Price: PKR 18.7
Target Price: PKR 30

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 91.4
Target Price: PKR 156

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 40.50   
Target Price: PKR 50

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 55.95
Target Price: PKR 72

Cherat Cement Company Limited (CHCC) – BUY 
Current Price: PKR 103.28   
Target Price: PKR 251

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 142.08   
Target Price: PKR 262.0

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 66.81
Target Price: PKR 83

ENGRO Corporations (ENGRO) – BUY 
Current Price: PKR 287.62
Target Price: PKR 400

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 32.74
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 28.54   
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 33.87
Target Price: PKR 67

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 83.0
Target Price: PKR 122.0

Gharibwal Cement Ltd. (GWLC) – BUY 
Current Price: PKR 23.85
Target Price: PKR 100.00

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 167.51   
Target Price: PKR 253.08

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 268.75   
Target Price: PKR 428

Honda Atlas Cars (Pak) Ltd. (HCAR) – BUY 
Current Price: PKR 529.5
Target Price: PKR 912.2

Habib Metro Bank (HMB) – BUY 
Current Price: PKR 32.50
Target Price: PKR 52

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 87.07 
Target Price: PKR 133

HUBCO (HUBC) – BUY 
Current Price: PKR 105.97
Target Price: PKR 144

Indus Motors (INDU) – BUY 
Current Price: PKR 1,736.29   
Target Price: PKR 2,214.3

Inter Steel Limited (ISL) – BUY 
Current Price: PKR 112.2
Target Price: PKR 178

Kot Addu Power Company (KAPCO) – BUY
Current Price: PKR 65.92 
Target Price: PKR 85.00

Kohat Cement (KOHC) – BUY
Current Price: PKR 148.28   
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 20.03
Target Price: PKR 32

Lucky Cement (LUCK) – BUY 
Current Price: PKR 510.36 
Target Price: PKR 1,159.0

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,542.8
Target Price: PKR 2,051

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 211.54
Target Price: PKR 250

Meezan Bank (MEBL) – BUY 
Current Price: PKR 66.99
Target Price: PKR 91

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 69.90   
Target Price: PKR 179.0

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 44.70
Target Price: PKR 74

National Foods (NATF) – BUY 
Current Price: PKR 317.00
Target Price: PKR 473

Nishat Chunian (NCL) – BUY 
Current Price: PKR 51.16
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 37.41 
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 140.04
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 42.0
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 158.26   
Target Price: PKR 200

Pak Elektron Ltd. (PAEL) – BUY 
Current Price: PKR 58.9
Target Price: PKR 126.1

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 64.06
Target Price: PKR 161

Pakgen Power Limited (PKGP) – BUY 
Current Price: PKR 20.01
Target Price: PKR 34

Power Cement (POWER) – BUY 
Current Price: PKR 8.51
Target Price: PKR 16

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 194.64
Target Price: PKR 218

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 524.02
Target Price: PKR 800.7

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 357.09   
Target Price: PKR 490

Pakistan Telecommunication (PTC) – BUY 
Current Price: PKR 13.25
Target Price: PKR 19.00

Tariq Glass (TGL) – BUY 
Current Price: PKR 100.1
Target Price: PKR 128

United Bank Limited (UBL) – BUY 
Current Price: PKR 181.83
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