Pakistan Stock Exchange (PSX) Weekly Analysis 28 Jan, 2018

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

Top gainers of last week were: EFOODS, IBFL, PIBTL, HUMNL, SCBPL, SHEL, DGKC, PIOC, PKGS and ABOT.

Top losers of last week were: POL, HCAR, UBL, JDWS, FFBL, EFUG, BAFL, FFC, MTL and MEBL.

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

The Pakistan Stock Exchange (PSX) market index rose continuing with its last five week’s positive momentum. KSE-100 index has closed on 44,551 by gaining 372 points or 0.84 % while KSE-30 index has closed on 22,434 by gaining 42 or 0.19 %.

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) announced its monetary policy today where it decided to increase the policy rate by 25bps to 6%. SBP had kept the policy rate unchanged at 5.75% for last 1.5 years as it had cut the policy rate by 25bps in May 2016. The last rate hike was seen in Nov 2013 when SBP had increased policy rate by 50bps
  • Pakistan's foreign exchange reserves fell to US$19.640bn, with the reserves held by central bank fell by US$166mn (1.23%WoW) attributable to external debt servicing
  • Fitch Ratings revised the Pakistan's outlook from Stable to Negative and affirmed both long-term Foreign currency IDRs at ''B''
  • As per NFDC, fertilizer off -take during CY17 grew by 8%YoY to 9.87mn tons
  • World Economic Forum (WEF) ranked Pakistan (47th position) ahead of India (62nd position) in terms of emerging economies of the world
  • SBP in its quarterly report said that prospects for economic growth remain strong and the economy is poised to achieve FY18 growth target of 6%
  • The earnings season kicked off, with HCAR revealing its 3QMY18 financial results with EPS of PKR 9.92, down by 5% Y/Y, which were lower than street expectations, due to margin compression emanating from rising cost pressures and the sales mix being tilted towards the low margin BRV
  • The Ministry of Commerce has agreed to clear used imported cars on the old duty and tax procedure
  • The country’s current account deficit widened further to $7.41 billion in the first half of this fiscal year, the State Bank of Pakistan (SBP)
  • The government of Pakistan Muslim League (Nawaz) has taken over $34 billion foreign loans from bilateral/multilateral as well as commercial bank during the last four years
  • Oil hit $71 a barrel on Thurs-day for the first time since 2014, supported by Opec-led supply curbs, a record-breaking run of declines in US crude inventories and a weaker US dollar
  • Gold prices climbed on Thursday to touch their highest since August 2016 as a weakening dollar helped it to extend gains of 10 per cent since mid-December


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 95.90       
Target Price: PKR 118

Attock Cement (ACPL) – BUY 
Current Price: PKR 191.08   
Target Price: PKR 261

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 56.98     
Target Price: PKR 83

Attock Petroleum (APL) – BUY 
Current Price: PKR 574.77       
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 96.98       
Target Price: PKR 128

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 45.98       
Target Price: PKR 50

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 64.41   
Target Price: PKR 72

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 166.33       
Target Price: PKR 194

ENGRO Corporations (ENGRO) – BUY 
Current Price: PKR 304.92
Target Price: PKR 359

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 31.85
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 29.69   
Target Price: PKR 36

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 38.34
Target Price: PKR 50

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 29.71
Target Price: PKR 58

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 282.09       
Target Price: PKR 325.95

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 201.90       
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 520   
Target Price: PKR 707

Hi-Tech Lubricant (HTL) – BUY 
Current Price: PKR 78.85
Target Price: PKR 116

HUBCO (HUBC) – BUY 
Current Price: PKR 98.92       
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,876.11   
Target Price: PKR 2,069

Kot Addu Power Company (KAPCO) – BUY
Current Price: PKR 58.05           
Target Price: PKR 64.38

Kohat Cement (KOHC) – BUY
Current Price: PKR 168.30
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 22.34       
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 658.49         
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,531
Target Price: PKR 2,177

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 233.21   
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 86.68       
Target Price: PKR 107

National Foods (NATF) – BUY 
Current Price: PKR 312.50
Target Price: PKR 413

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 49.03
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 54.70
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 30.70   
Target Price: PKR 50

Nishat Mills (NML) – BUY 
Current Price: PKR 168.75
Target Price: PKR 178

Nishat Power (NPL) – BUY 
Current Price: PKR 32.95   
Target Price: PKR 51

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 170.84       
Target Price: PKR 193

Pak Elecktron (PAEL) – BUY 
Current Price: PKR 60.78   
Target Price: PKR 88

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 77.26       
Target Price: PKR 109

Pakgen Power (PKGP) – BUY 
Current Price: PKR 21.97       
Target Price: PKR 34

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 565.96
Target Price: PKR 677

Power Cement (POWER) – BUY 
Current Price: PKR 10.23
Target Price: PKR 16

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 207.69
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 520.92
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 314.99       
Target Price: PKR 392

Tariq Glass (TGL) – BUY 
Current Price: PKR 104.25
Target Price: PKR 122

United Bank Limited (UBL) – BUY 
Current Price: PKR 203.17 
Target Price: PKR 238

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 Jan, 2018

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

Top gainers of last week were: CHCC, DGKC, EFUG, MTL and SEARL.

Top losers of last week were: IBFL, NRL, JDWS, ATRL, and BATA.

Top Volume Leaders of last week: ANL, TRG, DCL, SSGC and WTL.

The Pakistan Stock Exchange (PSX) market index was bullish, gathering steam and cutting through political noise, backed by conducive fundamentals hinting at a strong results season, and renewed interest from mutual funds, FPI. KSE-100 index has closed on 44,179 by gaining 1245 points or 2.90 % while KSE-30 index has closed on 22,392 by gaining 721 or 3.33 %.

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

  • Index was driven by Banks, Cements, Fertilizers and Autos contributing 335pts, 260pts, 157pts and 112pts, respectively.
  • Banks returned 2.6%WoW led by increase in expectation of higher inflation owing to PKR depreciation and resultant increase in interest rates. However the real thrust came from foreign buying which was largely concentrated in Banks, followed by Cements
  • Cements gained 6.4%WoW on the back Supreme Court’s allowance of multi-story buildings (up to six-storeys) in Karachi and continued regulatory delays on cement expansions in Punjab
  • Autos returned 5.7%WoW on regulatory controls on automobile imports under gifts scheme, which can significantly add to demand for locally assembled players
  • Foreigners remained net buyers as they mopped up shares worth USD33.1mn during the week, taking 2018TD net buying to USD82.5mn
  • CDWP approves 20 development projects worth PKR80.6bn
  • Given result season will officially kick off in the next week, foreign as well as local participation is expected to remain upbeat
  • Media reports circled, over a likely export package to be introduced by PM Abbasi reducing industrial electricity, gas tariffs amongst other incentives, additionally the PM hinted at an amnesty scheme for individuals as well
  • SECP rationalized licensing regime for securities brokers relaxing the previously disparate regime
  • The FBR firstly imposed stringent remittance-linked conditions for used car imports, eventually loosening them towards the end of the week
  • Opposition parties united with the Pakistan Awami Tehreek to hold a political rally in Lahore, calling for the ouster of the current regime in Punjab based on the Model Town incident and resulting inquiry findings
  • World Bank puts US$250mn policy loan for Pak on hold

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 93.01       
Target Price: PKR 118

Attock Cement (ACPL) – BUY 
Current Price: PKR 189.7   
Target Price: PKR 261

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 57.38     
Target Price: PKR 83

Attock Petroleum (APL) – BUY 
Current Price: PKR 588       
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 98.2       
Target Price: PKR 128

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 47.6       
Target Price: PKR 50

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 64.6   
Target Price: PKR 72

Cherat Cement Company Limited (CHCC) – BUY 
Current Price: PKR 127.4       
Target Price: PKR 140

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 149.8       
Target Price: PKR 194

ENGRO Corporations (ENGRO) – BUY 
Current Price: PKR 306.17
Target Price: PKR 359

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 32.26
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 27.9 
Target Price: PKR 36

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 39.95
Target Price: PKR 50

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 28.31
Target Price: PKR 58

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 281.19       
Target Price: PKR 325.95

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 207.1       
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 549   
Target Price: PKR 707

Hi-Tech Lubricant (HTL) – BUY 
Current Price: PKR 79.03       
Target Price: PKR 116

HUBCO (HUBC) – BUY 
Current Price: PKR 96       
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,850.7 
Target Price: PKR 2,069

Kot Addu Power Company (KAPCO) – BUY
Current Price: PKR 57.46         
Target Price: PKR 64.38

Kohat Cement (KOHC) – BUY
Current Price: PKR 159.5     
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 22       
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 619.9       
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,500
Target Price: PKR 2,177

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 230.27 
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 83     
Target Price: PKR 107

National Foods (NATF) – BUY 
Current Price: PKR 315.63
Target Price: PKR 413

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 47.94
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 53.84
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 30.73   
Target Price: PKR 50

Nishat Mills (NML) – BUY 
Current Price: PKR 167.65
Target Price: PKR 178

Nishat Power (NPL) – BUY 
Current Price: PKR 32.62   
Target Price: PKR 51

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 169.1       
Target Price: PKR 193

Pak Elecktron (PAEL) – BUY 
Current Price: PKR 57.9   
Target Price: PKR 88

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 69.8       
Target Price: PKR 109

Pakgen Power (PKGP) – BUY 
Current Price: PKR 21.83       
Target Price: PKR 34

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 614.37
Target Price: PKR 677

Power Cement (POWER) – BUY 
Current Price: PKR 9.31
Target Price: PKR 16

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 213.01
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 532.45
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 307.1       
Target Price: PKR 392

Tariq Glass (TGL) – BUY 
Current Price: PKR 98.3   
Target Price: PKR 122

United Bank Limited (UBL) – BUY 
Current Price: PKR 213.9 
Target Price: PKR 238

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 15 Jan, 2018

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

Top gainers of last week were: SNGP, CSAP, TRG, JDWS, POML, FFC, PIBTL, INIL, SSGC and IGIIL.

Top losers of last week were: ARM, ATLH, NESTLE, IBFL, NBP, SEARL, KEL, EFUG, DGKC and ASTL.

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

The Pakistan Stock Exchange (PSX) market index closed on positive note because of developments over reconstitution of Baluchistan provincial cabinet following CM’s resignation was positively interpreted by the market participants. KSE-100 index has closed on 42,934 by gaining 410 points or 0.96 % while KSE-30 index has closed on 21,671 by gaining 213 or 0.99%.

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

  • US officials reiterating their demand of concrete actions against certain terrorists group especially safe havens in Pakistan
  • ECC approving a waiver of sales tax and customs duty on the import of cotton
  • Foreigners remained net buyer throughout the week, exhibiting an inflow of USD26.4mn
  • Overseas Pakistanis remitting US$9.7bn in 1HFY18, higher by 2.5%YoY
  • Auto sales figure for CY17 registering 18.7%YoY growth, where PSMC /HCAR sold 21/50%YoY more units while INDU’s sales remained flat(-0.1%YoY)
  • HCAR increased the prices of Honda City and Civic by PKR55,000 and PKR50,000, respectively to pass on the impact of rupee depreciated of 5% in the 2QFY18
  • Forex reserves down USD134mn
  • Car sales up 20.4% in six months
  • Country’s foreign exchange reserves have declined by USD134mn and the trade deficit has widened by 25% to USD18bn in 1HFY18
  • During the week, government announced to release new fertilizer policy in the coming week to decrease the manufacturing cost for farmers
  • On the macro front, World Bank foresees the Pakistan’s GDP to grow by 5.5% and 5.8% for FY18 and FY19, respectively
  • Chief of Army Staff General Qamar Javed Bajwa received two phone calls from US Centcom Commander General Joseph Votel and one from a US senator over the week to discuss Pak‐US security cooperation following President Donald Trump’s tweet, the Inter Services Public Relations (ISPR) said on Friday. The army chief told the US officials that Pakistan will continue its "sincere counter‐terrorism efforts" even without US financial support in accordance with its own national interest and will remain committed to bringing the effort to its logical conclusion along with other stakeholders 
  • Tariq Glass (TGL) in its notice sent to PSX stated that the construction of the new state of the art Opal Glass Dinnerware Project with a capacity of 35 tons per day, has been completed. It is currently holding the inauguration ceremony for the firing/lighting up of the furnace of this new state of the art plant for manufacturing of Opal Glass Dinnerware
  • The steel sector also showed buying momentum, closing at a gain of 9.51%. Interest in the steel sector can be attributed to the recent currency depreciation. Individually, CSAP (18.56%) and INIL (6.83%) were among the top performing scripts
  • The Economic Coordination Committee (ECC) of the cabinet approved on Friday a waiver of sales tax and customs duty on the import of cotton
  • Attock Cement Pakistan Ltd (ACPL) has started operations of its new production line at Hub, Balochistan. The production capacity of this line is 4,000 tonnes per day (1.2 million tonnes per annum)
  • Sales of passenger cars rose 20.4 to 103,432 units in the first half of the current fiscal year of 2017/18

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 90.01     
Target Price: PKR 118

Attock Cement (ACPL) – BUY 
Current Price: PKR 184.17 
Target Price: PKR 261

Adamjee Insurance  (AICL) – BUY 
Current Price: PKR 55     
Target Price: PKR 83

Attock Petroleum (APL) – BUY 
Current Price: PKR 574.69     
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 92.56     
Target Price: PKR 128

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 46.19     
Target Price: PKR 50

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 63.03   
Target Price: PKR 72

Cherat Cement Company Limited (CHCC) – BUY 
Current Price: PKR 114.38     
Target Price: PKR 140

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 137.23     
Target Price: PKR 194

ENGRO Corporations (ENGRO) – BUY 
Current Price: PKR 287.23
Target Price: PKR 359

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 30.59
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 26.93 
Target Price: PKR 36

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 39.03
Target Price: PKR 50

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 24.95
Target Price: PKR 58

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 264.97     
Target Price: PKR 325.95

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 194.82     
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 518.4 
Target Price: PKR 707

Hi-Tech Lubricant (HTL) – BUY 
Current Price: PKR 74.06       
Target Price: PKR 116

HUBCO (HUBC) – BUY 
Current Price: PKR 91.54     
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,756.46 
Target Price: PKR 2,069

Kot Addu Power Company (KAPCO) – BUY
Current Price: PKR 56.10         
Target Price: PKR 64.38

Kohat Cement (KOHC) – BUY
Current Price: PKR 147.7   
Target Price: PKR 248

Lalpir Power  (LPL) – BUY 
Current Price: PKR 22.31       
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 579.3       
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,489.7
Target Price: PKR 2,177

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 224.03 
Target Price: PKR 230

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 79.23     
Target Price: PKR 107

National Foods (NATF) – BUY 
Current Price: PKR 310.05
Target Price: PKR 413

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 47.26
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 50.63
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 30.44   
Target Price: PKR 50

Nishat Mills (NML) – BUY 
Current Price: PKR 161.49
Target Price: PKR 178

Nishat Power (NPL) – BUY 
Current Price: PKR 32.23   
Target Price: PKR 51

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 167.27     
Target Price: PKR 193

Pak Elecktron (PAEL) – BUY 
Current Price: PKR 55.2   
Target Price: PKR 88

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 66.41     
Target Price: PKR 109

Pakgen Power  (PKGP) – BUY 
Current Price: PKR 66.41     
Target Price: PKR 109

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 611.50
Target Price: PKR 677

Power Cement (POWER) – BUY 
Current Price: PKR 9.07
Target Price: PKR 16

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 210.75
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 500.66
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 302.82     
Target Price: PKR 392

Tariq Glass (TGL) – BUY 
Current Price: PKR 96.1   
Target Price: PKR 122

United Bank Limited (UBL) – BUY 
Current Price: PKR 211.48 
Target Price: PKR 238

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 6 Jan, 2018

BUY recommendations are:  ABL, ACPL, APL, ASTL, BAFL, BAHL, CHCC, DGKC, ENGRO, FATIMA, FCCL, FFBL, HBL, HCAR, HUBC, INDU, KOHC, LUCK, MARI, MCB, MLCF, NBP, NCL, NCPL, NML, NPL, OGDC, PAEL, PIOC, POL, POWER, PPL, PSMC, PSO, UBL.

Top gainers of last week were: IBFL, BOP, MLCF, UBL, FABL, HBL, AKBL, LUCK, FCCL and NCL.

Top losers of last week were: NCPL, ABOT, ARM, NATF, PMPK, COLG, PICT, SNBL, NPL and EFUG.

Top Volume Leaders of last week: KEL, TRG, BOP, FCCL, PAEL, PTC, SSGC, FABL, SNGP, and DGKC.

The Pakistan Stock Exchange (PSX) market index rose by 2,052pts WoW (5.1%) to 42,524pts led by January Effect on fresh foreign buying. KSE-100 index has closed on 42,524 by gaining 2,052 points or 5.1 %.

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

  • The market participants displayed a resilient behaviour as they continued to support the bullish momentum triggered in the last week of the preceding year, despite a strong statement conveyed by the US President against Pakistan during this week.
  • Foreign participants maintained a firm stance on the buy side, with cumulative FIPI amounting to USD 17mn during the week, whereas the local investors took an exit as they saw a window of opportunity after a prolonged bearish session
  • Banking sector gained by 5.06% during the week, while attracting an impressive turnover of 24mn shares traded on an expectation of improved earnings triggered by the much-anticipated uptick in the interest rates by the SBP
  • The cement sector also attracted the spotlight as off-take for the 1HFY18 registered an increase of 11%Y/Y, which was entirely led by an improvement in local dispatches; the sector soared by 5.5% W/W while attracting a turnover of 27mn shares traded
  • CPI inflation up 4.57 percent in December 2017
  • The country’s circular debt has reached Rs 525 billion due to highly mismanaged power sector after top positions of public sector's power companies have been occupied by Power Ministry's officials
  • Atlas Honda Ltd (AHL) on Tuesday increased the price of three models of its motorcycles by Rs500-1,000. With an addition of Rs1,000, effective from Jan 1
  • First week of New Year saw market to rally 5%, which is the highest in last 15 years
  • Volumes during the week stayed flat this week declining by 1% WoW while traded value fell 3% WoW
  • Economic Coordination Committee (ECC) of the cabinet approved financing plan of 1.2bcfd capacity of RLNG pipeline project from Karachi to Lahore. This project will be undertaken by Sui Northern Gas Pipeline (SNGP) and Southern Gas Pipeline (SSGC)
  • Fertilizers returned 4.3%WoW on increase in retail level Urea & DAP prices


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 89.2     
Target Price: PKR 118

Attock Cement (ACPL) – BUY 
Current Price: PKR 182.3 
Target Price: PKR 261

Attock Petroleum (APL) – BUY 
Current Price: PKR 554.5     
Target Price: PKR 729

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 96.8     
Target Price: PKR 128

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 45.7     
Target Price: PKR 50

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 62.9 
Target Price: PKR 72

Cherat Cement Company Limited (CHCC) – BUY 
Current Price: PKR 111.1     
Target Price: PKR 140

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 143.6     
Target Price: PKR 194

ENGRO Corporations (ENGRO) – BUY 
Current Price: PKR 286.7
Target Price: PKR 359

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 31.3
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 27.8
Target Price: PKR 36

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 36.8
Target Price: PKR 50

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 185.9     
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 515.8 
Target Price: PKR 707

HUBCO (HUBC) – BUY 
Current Price: PKR 93.4     
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,759.4
Target Price: PKR 2,069

Kot Addu Power Company (KAPCO) – BUY
Current Price: PKR 58       
Target Price: PKR 85.00

Kohat Cement (KOHC) – BUY
Current Price: PKR 143.8   
Target Price: PKR 248

Lucky Cement (LUCK) – BUY 
Current Price: PKR 574.9     
Target Price: PKR 785

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,497.8
Target Price: PKR 2,177

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 217.8
Target Price: PKR 230

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 77   
Target Price: PKR 107

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 50.2
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 50.5
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 30.4 
Target Price: PKR 50

Nishat Mills (NML) – BUY 
Current Price: PKR 157.9
Target Price: PKR 169

Nishat Power (NPL) – BUY 
Current Price: PKR 33.1 
Target Price: PKR 51

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 170.1     
Target Price: PKR 193

Pak Elecktron (PAEL) – BUY 
Current Price: PKR 52.3   
Target Price: PKR 88

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 68.6     
Target Price: PKR 109

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 614.6
Target Price: PKR 677

Power Cement (POWER) – BUY 
Current Price: PKR 9.5
Target Price: PKR 16

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 214.9
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 511.4
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 300.3     
Target Price: PKR 392

Tariq Glass (TGL) – BUY 
Current Price: PKR 97.1 
Target Price: PKR 122

United Bank Limited (UBL) – BUY 
Current Price: PKR 210.4
Target Price: PKR 238

Thank you very much for reading this article.

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Written by: Rana Khuram