Pakistan Stock Exchange (PSX) Weekly Analysis 24 Feb, 2018

BUY recommendations are:  ACPL, APL, ASTL, BAFL, BAHL, CHCC, DGKC, ENGRO, EFERT, FATIMA, FCCL, FFBL, GWLC, HASCOL, HBL, HCAR, HUBC, INDU, KOHC, LPL, LUCK, MARI, MCB, MLCF, NBP, NCL, NCPL, OGDC, PIOC, PPL, PSMC, PSO, and UBL.

Top gainers of last week were: NATF, BATA, POL, GADT, BWCL, SHFA, POML, NESTLE, KAPCO and LUCK.

Top losers of last week were: MUREB, PIOC, ARM, MLCF, FCCL, PIBTL, NCPL, BNWM, ABOT and PAEL.

Top Volume Leaders of last week: TRG, BOP, KEL, FCCL, SSGC, PAEL, MLCF, EFERT, NBP, and DGKC.

The Pakistan Stock Exchange (PSX) market index continued to lose points during the outgoing week, after uncertainty surrounded the FATF’s watch list and their week-long meeting over Pakistan’s status. KSE-100 index has closed on 43,267 by losing -360 points or -0.8 % while KSE-30 index has closed on 21,851 by losing -45 or -0.21 %.

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

  • Amid Supreme Court’s decision of disqualifying former PM Nawaz Sharif as a head of ruling party and rumours of placing Pakistan in terrorism financing watch-list, stock market remained volatile throughout the week
  • The average volume traded on the all-share index was recorded at 184mn shares, while 70mn were traded on the main board
  • Country’s foreign exchange reserves declined to USD18.83bn, down by USD139mn due external debt repayments
  • Current account gap widens 48%
  • Ghandhara Nissan likely to resume Datsun car production. Government allowed Ghandhara Nissan to go ahead with their brownfield expansion to import auto parts at lower rates for a period of three years
  • Foreign investors remained net seller, exhibiting a net outflow of USD2.7mn
  • Textile exports exhibited a 7%YoY growth in 7MFY18 where the value added segment rose by 20%YoY on the back of Textile Package coupled with USD/PKR depreciation
  • ASTL’s expansion of rebar at SITE, company has scaled down its expansion target from 145k tons to 95k tons taking the total capacity at SITE to 275k tons
  • After a three month ban the government ordered PSO to arrange import of 180,000 tons of furnace oil to replenish declining inventories available with the power sector
  • Fertilizer numbers released during the outgoing week were positive
  • The government on Tuesday assured the parliament that the management of Pakistan International Airlines (PIA) will remain with the government, while 49 per cent shares will be sold by April 15, as stipulated under the PIAC Conversion Act of 2016 approved by the parliament
  • To add insult to the injury, World Bank in its press release announced that it will suspend participation of PAEL and its affiliates for 33 months for collusive practices during bidding on contracts. As a result, PAEL hit lower limit. 
  • General Tyre and Rubber Co. of Pakistan (GTYR) announced earnings of Rs174mn (EPS Rs2.9), down 47% YoY in 2QFY18. While revenues were up 21% YoY to Rs3bn, contraction in gross margins, down 10ppts to 17% led to earnings decline
  • Thal Limited (THALL) reported consolidated earnings of Rs756mn (EPS Rs9.3) in 2QFY18, down 70% YoY. While revenues grew by 7% to Rs4 6bn decline in Rs4.6bn, other income, down 80% to Rs567mn significantly impacted bottom‐line
  • Kot Addu Power Company (KAPCO) announced its 2QFY18 result where the company reported revenues of Rs18.4bn, up 21% YoY. While gross margins remained almost flat at ~17% during the outgoing quarter, significant increase in financial charges, up 47% YoY to Rs1.5bn impacted bottom‐line. Despite this, earnings were up ~19% to Rs2.2bn (EPS Rs2.5)
  • Pakistan International Bulk Terminal (PIBTL) reported revenues of Rs400mn in 2QFY18 while loss for the period clocked‐in at Rs1.1bn (LPS 0.8) mainly due to higher cost of services. To note, the company started commercial operations in mid 2017

Following are few BUY recommendations:

Attock Cement (ACPL) – BUY 
Current Price: PKR 189       
Target Price: PKR 261

Attock Petroleum (APL) – BUY 
Current Price: PKR 553.5           
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 92.4           
Target Price: PKR 128

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 48       
Target Price: PKR 55

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 69       
Target Price: PKR 75

Cherat Cement (CHCC) – BUY 
Current Price: PKR 123.1   
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 138.8 
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 301.16 
Target Price: PKR 348.84

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 67.62   
Target Price: PKR 79.94

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 31.04
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 24.8       
Target Price: PKR 36

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 36.52       
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 25.53
Target Price: PKR 58

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 272.28
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 210.5           
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 492.3       
Target Price: PKR 707

HUBCO (HUBC) – BUY 
Current Price: PKR 97.2           
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,698.1     
Target Price: PKR 2,069

Kohat Cement (KOHC) – BUY
Current Price: PKR 143   
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 21.6           
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 600.7             
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,562.6             
Target Price: PKR 2040 

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 218     
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 65.1           
Target Price: PKR 107

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 47.64
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 49.53
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 31.22
Target Price: PKR 50

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 164.3           
Target Price: PKR 193

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 63.8           
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 201.1   
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 478.91
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 293.5           
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 196.9     
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 18 Feb, 2018

BUY recommendations are:  ACPL, APL, ASTL, BAHL, CHCC, DGKC, ENGRO, EFERT, FATIMA, FCCL, FFBL, GWLC, HASCOL, HBL, HCAR, HUBC, INDU, KOHC, LPL, LUCK, MARI, MCB, MLCF, NBP, NCL, NCPL, OGDC, PIOC, PPL, PSMC, PSO, and UBL.

Top gainers of last week were: HBL, HMB, NCPL, FABL, BAHL, HUMNL, UBL, SCBPL, KTML and FML.

Top losers of last week were: JGICL, MLCF, DGKC, SEARL, JSCL, SNGP, MUREB, PAEL, THALL and IBFL.

Top Volume Leaders of last week: TRG, KEL, PTC, SSGC, BOP, PAEL, HUMNL, FCCL, HMB, and PIBTL.

The Pakistan Stock Exchange (PSX) market index exhibited volatility due to concerns on macroeconomic front, fear of Pakistan’s inclusion in financial Action Task Force (FATF) watch‐list and increasing political noise. KSE-100 index has closed on 43,627 by losing -182 points or -0.41 % while KSE-30 index has closed on 21,851 by losing -45 or -0.21 %.

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

  • On the sector front; Commercial Banks contributed 380 points to index while Cements took away 168 points
  • SC reserving its judgment in Article 62-1F disqualification period case
  • Foreigners were net sellers of US$16.1mn worth of shares during the week vs. selling of US$8.5mn during last week. On the local front, Insurance were net buyers of US$16.8mn whereas Individuals were net sellers of US$6.5mn
  • Foreign direct investment (FDI) during the first seven months of the this fiscal year dropped 3 per cent on a year-on-year basis
  • Hi‐tech Lubricants (HTL) informed the exchange that they have launched two new products under their ZIC Brand lubricants product range. These new additions are expected to cater to demand of lubricants from passengers cars
  • MLCF reported lower than anticipated earnings, whereby gross margins for 2QFY18 declined by 24.56% Y/Y, on the backdrop of an upsurge in global coal prices
  • MCB announced earnings for 4QCY17 of Rs2.8bn (EPS:PKR2.70), down 32% Y/Y, which stood in line with market expectations, mainly on account of impairment against equity investments
  • Within the telecommunication sector, PTC bled value (↓4.85% W/W) as it reported a loss of PKR0.2 per share in 4QCY17, mainly owing to an in-crease in financial charges and core segment witnessing a marginal de-cline in revenue
  • The Indus Motor Company (IMC) made a third recall of Toyota Corolla vehicles in just one year owing to low quality parts and accessories, with total recalls now tallying over 15,000
  • Rice exports crossed the $1 billion mark during the first seven months of this fiscal year
  • In a major policy decision, the federal government has decided to allow import of three-year old used cars in accordance with previous policy on the demand of importers
  • HASCOL partners with TOTAL PARCO in cost-sharing project
  • K-Electric unveils PKR335bn investment plan


Following are few BUY recommendations:

Attock Cement (ACPL) – BUY 
Current Price: PKR 190.9     
Target Price: PKR 261

Attock Petroleum (APL) – BUY 
Current Price: PKR 560           
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 91.5           
Target Price: PKR 128

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 69.9     
Target Price: PKR 75

Cherat Cement (CHCC) – BUY 
Current Price: PKR 127.6 
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 141.4 
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 298.35 
Target Price: PKR 348.84

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 68.73   
Target Price: PKR 79.94

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 30.65
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 26.5     
Target Price: PKR 36

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 36.54       
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 26.35
Target Price: PKR 58

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 278.44           
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 211.7           
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 507.5     
Target Price: PKR 707

HUBCO (HUBC) – BUY 
Current Price: PKR 98.6         
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,726     
Target Price: PKR 2,069

Kohat Cement (KOHC) – BUY
Current Price: PKR 148.1 
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 21.9           
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 586           
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,560.1           
Target Price: PKR 2040 

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 223   
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 69.8         
Target Price: PKR 107

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 49.81
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 50.01
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 32.9
Target Price: PKR 50

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 167.6           
Target Price: PKR 193

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 70           
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 201.8 
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 490.73
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 302           
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 203.6     
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 11 Feb, 2018

BUY recommendations are:  ACPL, APL, ASTL, BAHL, CHCC, DGKC, FATIMA, FCCL, GWLC, HBL, HCAR, HUBC, INDU, KOHC, LPL, LUCK, MARI, MCB, MLCF, NBP, NCL, NCPL, OGDC, PIOC, PPL, PSMC, PSO, and UBL.

Top gainers of last week were: MUREB, COLG, JSCL, DCR, SSGC, NBP, JLICL, PMPK, POML and TRG.

Top losers of last week were: CHCC, IGIIL, KOHC, BOP, PIOC, DGKC, ATLH, CPPL, PPL and GLAXO.

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

The Pakistan Stock Exchange (PSX) market index exhibited volatility in the outgoing week. KSE-100 index has closed on 43,809 by losing -492 points or -1.11 % while KSE-30 index has closed on 21,896 by losing 256 or -1.16 %.

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

  • Traded volume were down 4% whereas traded value was down 3% during the week
  • On the sector front; Cement and E&Ps declined by 4% and 2%, respectively whereas Food & Personal Care was up 1%. Market Capitalization of Commercial Banks remained flat
  • Foreigners were net sellers of US$8.5mn worth of shares during the week vs. buying of US$12.6mn during the last week. On the local front, Individuals were net buyers of US$8.7mn whereas mutual funds were net sellers of US$5.0mn
  • According to Pakistan Bureau of Statistics (PBS), Pakistan exports were up 11% YoY in Jan 2018 to US$1.2bn. However, imports were up 19% YoY to US$5.6bn, while country’s trade deficit touched US$3.6bn (the highest ever level)
  • The government has started negotiations with the UAE and Swiss governments to collect information regarding Pakistanis holding billions of dollars of offshore assets and bank accounts to bring these Pakistanis into the tax net. We have started negotiations with authorities in Dubai and Switzerland to get information about properties and other assets of Pakistanis,” said Minister of State for Finance Rana Muhammad Afzal while talking to reporters after a meeting of the Standing Committee on Law and Justice at the Parliament House
  • Oil prices fell to their lowest in seven weeks with WTI trading below US$61/bbl amid fears of rising global supplies after Iran announced plans to increase production and U.S. crude output hit record highs
  • Pakistan’s exports of non-textile products posted a robust growth of nearly 19 per cent to $4.4 billion in the first six months of this fiscal year. The exports of these products, which were faced with a steady decline, rebounded in 2017-18 owing to the government’s support, suggested data compiled by the Pakistan Bureau of Statistics (PBS)
  • Pakistan and the World Bank signed agreements worth $305 million on Friday to support projects in the agriculture sector in Punjab and to improve the nutritional status of children and women in Khyber Pakhtunkhwa
  • Engro Fertilizers’ net profit grew 20.15 percent on a year-on-year basis, chiefly drawing strength from strong gross margins, analysts said on Thursday. he company, in a notice sent to Pakistan Stock Exchange, said it netted Rs11.15 billion for the year ended December 31, 2017 compared to Rs9.28 billion recorded in the previous year
  • Net profit of Cherat Cement went up 19.75 percent to Rs743.44 million for the quarter ended December 31, 2017, translating into earnings per share (EPS) of Rs4.21
  • Possible announcement of budget by the 2nd week of May where incentive packages regarding the fertilizer and IT sectors seem to be in the offing
  • NA being apprised that the general elections’ schedule would be announced on May 26’18


Following are few BUY recommendations:

Attock Cement (ACPL) – BUY 
Current Price: PKR 191.5     
Target Price: PKR 261

Attock Petroleum (APL) – BUY 
Current Price: PKR 561.2         
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 93.6         
Target Price: PKR 128

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 67.1     
Target Price: PKR 72

Cherat Cement (CHCC) – BUY 
Current Price: PKR 125.1 
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 151.5
Target Price: PKR 194

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 31.90
Target Price: PKR 45.1

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

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 26.85
Target Price: PKR 58

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 195.2         
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 523.5     
Target Price: PKR 707

HUBCO (HUBC) – BUY 
Current Price: PKR 98.6         
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1741     
Target Price: PKR 2,069

Kohat Cement (KOHC) – BUY
Current Price: PKR 149.6 
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 22.2         
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 611           
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1581.9           
Target Price: PKR 2040 

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 225.7   
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 76.1         
Target Price: PKR 107

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 51.57
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 52.59
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 30.97     
Target Price: PKR 50

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 166.3         
Target Price: PKR 193

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 70.6         
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 197.6 
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 508.53
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 309.7         
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 196.3   
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

Companies Results Feb 1-8, 2018

ENGRO Fertilizer Limited (EFERT)
Profit/Loss: 3447.109 million
Earing Per Share (EPS): 7.62
Bonus/Dividend: 30%

Lotte Chemical Limited (LOTCHEM)
Profit/Loss: 0.00 million
Earing Per Share (EPS): 0.27
Bonus/Dividend: 2%

Engro Polymer and Chemicals Limited (EPCL)
Profit/Loss: 106.155 million
Earing Per Share (EPS): 3.09
Bonus/Dividend: 8%

Hi Tech Lubricants limited (HTL)
Profit/Loss: 116.004 million
Earing Per Share (EPS): 3.29
Bonus/Dividend: 17.50%

Cherat Packaging Limited (CPPL)
Profit/Loss: 161.047 million
Earing Per Share (EPS): 10.09
Bonus/Dividend: 20%

Atlas Honda Limited (ATLH)
Profit/Loss: 1170.503 million
Earing Per Share (EPS): 33
Bonus/Dividend: NIL

Arif Habib Limited (AHL)
Profit/Loss: -96.831 million
Earing Per Share (EPS): -1.15
Bonus/Dividend: NIL

Pakistan Refinery Limited (PRL)
Profit/Loss: -203.341 million
Earing Per Share (EPS): 0.50
Bonus/Dividend: NIL

Pakistan Cables (PCAL)
Profit/Loss: 92.772 million
Earing Per Share (EPS): 6.37
Bonus/Dividend: 25%

Pakistan Stock Exchange (PSX) Weekly Analysis 5 Feb, 2018

BUY recommendations are:  ACPL, APL, ASTL, BAFL, BAHL, DGKC, FATIMA, FCCL, GWLC, HBL, HCAR, HUBC, INDU, KOHC, LPL, LUCK, MCB, MLCF, NBP, NCL, NCPL, OGDC, PIOC, PPL, PSMC, PSO, and UBL.

Top gainers of last week were: MUREB, GLAXO, PICT, TRG, ATLH, AKBL, DAWH, GHGL, ARM and MARI.

Top losers of last week were: MLCF, UBL, FML, PMPK, PAKT, CSAP, HUMNL, PIBTL, LUCK and SSGC.

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

The Pakistan Stock Exchange (PSX) market index witnessed volatility in the outgoing week. Discount rate hike by SBP, oil prices sustaining ~US$65/bbl (near 3‐Year high) and decent earnings season were overshadowed by foreign selling throughout the week. KSE-100 index has closed on 44,301 by losing 250 points or -0.56% while KSE-30 index has closed on 22,152 by losing 282 or -1.26 %.

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

  • Following the announcement by the State Bank of an interest hike of 25bps, the banking sector showed renewed interest
  • The only results released in the fertilizer sector were by FFC, with their EPS decreasing from PKR9.26 to PKR8.42 in CY17
  • The government has decided in principle to pay about Rs500 million to two leading oil mar-keting companies – Pakistan State Oil and Shell Pakistan – to clear compen-sation claims which had been pending for almost three years
  • Byco Petroleum inducted new oil tankers in its fleet to transport petroleum products from its refinery in Mouza Kund across Pakistan
  • Pakistan Tehreek-e-Insaf (PTI) leader Jahangir Khan Tareen’s JDW Group intends to set up a 50 MWp solar PV power project in Sindh aiming to sell the generated electric power to K-Electric
  • Prices of major oil products are set to pass beyond three-year high, with diesel crossing Rs100 per litre mark – highest since November 2014 – amid rising international prices and falling rupee value
  • Pakistan’s annual inflation climbed to 4.4 per cent in January from 3.7pc in the same month last year mainly due to hike in petroleum prices
  • Foreigners were net sellers of US$12.6mn worth of shares during the week vs. buying of US$12.4mn during the last week. On the local front, Banks were net sellers of US$12.1mn whereas Individuals were net buyers of US$6.3mn
  • The Islamabad High Court issued notices to the ministries of petroleum, finance and Oil and Gas Regulatory Authority (OGRA) on a petition filed against the recent increase in fuel prices. Justice Shaukat Aziz Siddiqui directed the respondents to file their responses in a week, warning that a decision will be given without taking their point of view if a reply is not received. The court then adjourned proceedings on the case until February 12 
  • Foreign exchange reserves fall by USD299mn to USD19.4bn
  • CPI inflation clocks in at 4.4% YoY in Jan’18 First half FDI down 3%
  • FBR collects over PKR2trn in seven months
  • The Election Commission of Pakistan announced that polling for the Senate election will be held on Mar 03'18, as the term for 52 incumbent legislators concludes


Following are few BUY recommendations:

Attock Cement (ACPL) – BUY 
Current Price: PKR 193   
Target Price: PKR 261

Attock Petroleum (APL) – BUY 
Current Price: PKR 587.51         
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 96.44         
Target Price: PKR 128

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 47.9       
Target Price: PKR 50

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 66.8   
Target Price: PKR 72

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 162.02
Target Price: PKR 194

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 32.18
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 28.60   
Target Price: PKR 36

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 27.58
Target Price: PKR 58

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 197.48         
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 526.1   
Target Price: PKR 707

HUBCO (HUBC) – BUY 
Current Price: PKR 97.99         
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,818.12   
Target Price: PKR 2,069

Kohat Cement (KOHC) – BUY
Current Price: PKR 162.5
Target Price: PKR 248

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

Lucky Cement (LUCK) – BUY 
Current Price: PKR 632.76         
Target Price: PKR 827

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 226 
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 79.61       
Target Price: PKR 107

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 49.44
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 54.79
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 30     
Target Price: PKR 50

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 167.5         
Target Price: PKR 193

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 75.52         
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 208.8
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 519.76
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 320.47         
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 190.17   
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