Pakistan Stock Exchange (PSX) Weekly Analysis 31 Mar, 2018

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

Top gainers of last week were: KEL, AICL, PMPK, FABL, JGICL, EFOODS, PIBTL, FFC, AKBL and NCL.

Top losers of last week were: SHFA, EFUG, SNGP, HUMNL, SSGC, ATLH, HBL, KTML, ASTL and POML.

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

The Pakistan Stock Exchange (PSX) market index managed to close in green. KSE-100 index has closed on 45,560 by gaining 530 points or 1.2%.

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

  • State Bank of Pakistan (SBP) in its monetary policy announcement maintained its Policy Rate at 6%, which was contrary to expectations. As per survey conducted by Bloomberg, 13 out of 22 economist had forecasted 25bps hike in policy rate while 6 economist predicted 50bps hike. The remaining 3 economist anticipated a status quo 
  • Forex reserves fall to USD17.95bn
  • FBR to miss annual tax target by PKR100bn
  • Ghandhara Nissan announced its green-field investment to launch Datsun cars in Pakistan with an investment of PKR4.5bn over the next 4 years
  • Private sector loans reach all-time high of PKR4.89trn in Feb’18
  • Rickshaw maker Sazgar gets approval for car manufacturing plant
  • In light of currency depreciation HCAR increased prices for Civic and City by PKR100,000 each and PKR20,000 for BRV
  • K-Electric (KEL) remained the talk of the town as Shanghai Electric submitted fresh intentions to acquire majority stake in the company
  • News of potential increase in prices of Urea by Rs100/bag if government decides to remove subsidy on the fertilizer
  • Imposition of anti-dumping duties on import of certain uncoated writing/printing paper
  • TRG the retail darling was hammered as the company unveiled its plans to delay listing of its key subsidiary IBEX Limited on the NASDAQ
  • Kapco challenges Rs28bln of power outage fine in international court

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 98.47
Target Price: PKR 122

Attock Cement (ACPL) – BUY 
Current Price: PKR 190.36
Target Price: PKR 261

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 58
Target Price: PKR 83

Attock Petroleum (APL) – BUY 
Current Price: PKR 574.55 
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 92
Target Price: PKR 128

Cherat Cement (CHCC) – BUY 
Current Price: PKR 128.3
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 163.11 
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 309.65
Target Price: PKR 348.84

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 69.09
Target Price: PKR 79.94

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 32.84
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 29.25 
Target Price: PKR 36

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 41.84
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 26.34
Target Price: PKR 58

General Tyre & Rubber (GTYR) – BUY 
Current Price: PKR 191.67
Target Price: PKR 231

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 265.44
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 212.15 
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 477.3
Target Price: PKR 707

Habib Metro (HMB) – BUY 
Current Price: PKR 42.91
Target Price: PKR 50

Hi-Tech Lubricant (HTL) – BUY 
Current Price: PKR 105.19
Target Price: PKR 116

HUBCO (HUBC) – BUY 
Current Price: PKR 100.50
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,742.25 
Target Price: PKR 2,069

Kohat Cement (KOHC) – BUY
Current Price: PKR 160.49 
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 21.24 
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 689.62 
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,480
Target Price: PKR 2040 

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 220.13       
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 70.83
Target Price: PKR 107

National Foods (NATF) – BUY 
Current Price: PKR 310
Target Price: PKR 413

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 50.06
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 51.73
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 30.62
Target Price: PKR 50

Nishat Power (NPL) – BUY 
Current Price: PKR 32.32
Target Price: PKR 51

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 174.08 
Target Price: PKR 193

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 70.04 
Target Price: PKR 109

Pakgen Power (PKGP) – BUY 
Current Price: PKR 21.28
Target Price: PKR 34

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 650.56
Target Price: PKR 714

Power Cement (POWER) – BUY 
Current Price: PKR 9.38
Target Price: PKR 16

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 212.84
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 477.68
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 321.49 
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 208.89         
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 24 Mar, 2018

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

Top gainers of last week were: FFBL, BAHL, TRG, EFOODS, MCB, HMB, AKBL, HBL, NATF and PSO.

Top losers of last week were: PMPK, BATA, IBFL, IGIIL, ATLH, NRL, FABL, ARM, PAEL and PAKT.

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

The Pakistan Stock Exchange (PSX) market index advance into positive territory as the much awaited PKR depreciation came to fruition. KSE-100 index has closed on 45,030 by gaining 1,667 points or 3.84% while KSE-30 index has closed on 22,570 by gaining 1,019 or 4.73 %.

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

  • The Rupee touched a low of 118 against the Greenback in the inter-bank market
  • International oil prices crossed past the USD65/bbl mark and came into touching distance with USD70/bbl, the surge was largely explained by a more than expected draw down in US stockpiles
  • Participation in blue chip stocks (Banking and E&Ps) led traded value to grow by 43% while volumes went up by 10%
  • Amongst sectors, Banks turned out to be top performers with contribution of 814 points to the index as market expects 25‐50bps increase in policy rate in upcoming monetary policy which is likely to be scheduled next week. Similarly, E&Ps remained in limelight throughout the week, adding 248 points to the index gain as international crude oil prices increased by ~6% during the week 
  • After seven weeks of consecutive selling, foreigners were net buyers of US$0.2mn worth of shares. On the local front, Mutual Funds were net buyers of US$12.2mn whereas Individuals were net sellers of US$17.2mn
  • Lalpir Power Limited (LPL) announced its financial results for 2017, where company reported EPS of Rs2.56, down by 2% YoY due to decline in gross margins by 2ppts YoY to 10%. Company also declared dividend of Rs1 per share
  • As per the notice sent shared by UBL and BWCL on PSX, Bestway Holding (BHL), shareholder of UBL and BWCL, have carried out a share transfer with a newly incorporated holding company, Bestway Group (BGL). Resultantly, BHL has now become a wholly owned subsidiary of BGL. The reorganization has in no way impacted the majority shareholding of UBL and BWCL, held by BHL
  • Pakgen Power Limited announced its financial results for 2017, where EPS of the company clocked in at Rs3.5, up by 3x YoY on back of increase in margins by 2ppts YoY to 10% and increase in other income to Rs205mn from Rs4mn last year
  • Ghandhara Nissan Limited (GHNL) in its notice to exchange stated that, Ministry of industries and production has awarded “Brownfield investment status” for revival of its existing assembly to manufacture Datsun passenger car
  • Pakistan Peoples Party (PPP) Senator Sherry Rehman has been named leader of the opposition in the Senate as per media reports. The development makes Rehman the first woman in the nation’s history to hold the position
  • Promising demand from textile and cement sectors have improved gross advances (domestic) to private sector by 7.3% QoQ and 16.4% YoY, despite retirements in chemical and pharmaceuticals, according to the latest data released by the State Bank of Pakistan (SBP)
  • Pakistan’s fabric exports to Turkey has been affected after the latter increased duties from 6.4% to 18‐26.4%, giving preferential treatment to Turkish industries and negating the spirit of free trade agreement (FTA) between the two, according to Syed M Ali Nasir, acting president of the Federation of Pakistan Chambers of Commerce & Industry
  • Indus Motor Company (IMC) will shortly increase car prices by five per cent following devaluation of the rupee against dollar and the rising cost of production
  • Unilever has announced an investment of USD 120 million (PKR 11 Billion) in Pakistan acknowledging the country’s high potential for long-term growth
  • With estimates of up to 40 per cent water shortage in April, the upcoming Kharif crops face a serious challenge and may need delayed sowing
  • Textile exports up 7.2% to USD8.8bn in eight months
  • SNGPL to give 1mn fresh connections before polls
  • USD260mn ADB loan to revamp power transmission network


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 98.50
Target Price: PKR 122

Attock Cement (ACPL) – BUY 
Current Price: PKR 185.6
Target Price: PKR 261

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 52.21
Target Price: PKR 83

Attock Petroleum (APL) – BUY 
Current Price: PKR 575.50 
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 94.01 
Target Price: PKR 128

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 51.50
Target Price: PKR 55

Cherat Cement (CHCC) – BUY 
Current Price: PKR 133.9
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 156.26 
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 305.46
Target Price: PKR 348.84

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 68.16
Target Price: PKR 79.94

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 31.77
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 28.27 
Target Price: PKR 36

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 41.11
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 26.65
Target Price: PKR 58

General Tyre & Rubber (GTYR) – BUY 
Current Price: PKR 192.03
Target Price: PKR 231

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 268.82
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 214.7
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 469.8
Target Price: PKR 707

Habib Metro (HMB) – BUY 
Current Price: PKR 42.16
Target Price: PKR 50

Hi-Tech Lubricant (HTL) – BUY 
Current Price: PKR 101.82
Target Price: PKR 116

HUBCO (HUBC) – BUY 
Current Price: PKR 100.71
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,747.92 
Target Price: PKR 2,069

Kohat Cement (KOHC) – BUY
Current Price: PKR 161.1
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 21
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 661.53 
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,461
Target Price: PKR 2040 

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 224       
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 71.84
Target Price: PKR 107

National Foods (NATF) – BUY 
Current Price: PKR 317.47
Target Price: PKR 413

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 50.21
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 48.91
Target Price: PKR 69

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

Nishat Power (NPL) – BUY 
Current Price: PKR 33.16
Target Price: PKR 51

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 172.28 
Target Price: PKR 193

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 70.04 
Target Price: PKR 109

Pakgen Power (PKGP) – BUY 
Current Price: PKR 21.35
Target Price: PKR 34

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 638.83
Target Price: PKR 714

Power Cement (POWER) – BUY 
Current Price: PKR 9.48
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 484.17
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 310.67 
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 198.24         
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 Mar, 2018

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

Top gainers of last week were: IBFL, SHEL, PAEL, PAKT, BOP, PIBTL, COLG, SNGP, BAFL and BNWM.

Top losers of last week were: MTL, JSCL, AICL, POML, MUREB, HMB, EFERT, FFBL, CHCC and BAHL.

Top Volume Leaders of last week: PAEL, TRG, BOP, FCCL, EFERT, KEL, PIBTL, SSGL, FABL, and DGKC.

The Pakistan Stock Exchange (PSX) market index closed almost flattish during the week. KSE-100 index has closed on 43,363 by gaining 352 points or 0.82 % while KSE-30 index has closed on 21,551  by losing 60 or 0.28 %.

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

  • With the results season almost over and there being no real triggers in the market, investment activity remained low, as volumes remained thin
  • The government did, however, announce of a gas price hike of 5-7% in the preceding week to help curtail losses in the sector. The price hike is expected to generate additional revenues of PKR18bn. This ignited interest in the sector, as SNGPL (3.21%) and SSGC (1.90%) were both among the top gainers during the week 
  • Automobile sales numbers were also released by PAMA during the week, which showed a 23% increase Y/Y
  • Byco Petroleum Pakistan Limited, while re-commissioning its oil refinery, has announced that it will set up two more refineries to capitalise on domestic demand for petroleum products
  • Fauji Fertilizer Company Limited (FFC) and Hub Power Company Limited (Hubco) signed an agreement to set up a 330-megawatt local coal-based power project in Thar
  • Forex reserves fall to USD18.24bn
  • Chemical sector bagged investors participation throughout the week and attained top position on volume leaders chart with cumulative volume of 209mn shares due to improving margins of companies
  • Participation in broader market increased by 15% WoW, while traded value fell by 9% as hefty trading activity was witnessed in small cap index
  • Among sectors, commercial banks contributed 57 points to the index gain followed by OMCs 33 points and Tobbaco 29 points
  • Commerce division revealing that the country’s exports during Feb’18 grew by 16% YoY to reach at US$1.9bn, while imports inched up 8.43%YoY to US$4.8bn
  • OGRA granting provisional or construction licenses to 15 new oil marketing companies (mostly local) to build storage infrastructure across the country
  • IMF’s calls for privatization of PSM and PIA
  • Hint by Miftah Ismail over potential relief package for stock market in the upcoming budget

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 92.91
Target Price: PKR 122

Attock Cement (ACPL) – BUY 
Current Price: PKR 189.4
Target Price: PKR 261

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 53.38
Target Price: PKR 83

Attock Petroleum (APL) – BUY 
Current Price: PKR 570
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 93.9
Target Price: PKR 128

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 49
Target Price: PKR 55

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

Cherat Cement (CHCC) – BUY 
Current Price: PKR 130
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 146.7
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 295.05
Target Price: PKR 348.84

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 67.36
Target Price: PKR 79.94

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 31.15
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 27.3
Target Price: PKR 36

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 35.67
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 25.74
Target Price: PKR 58

General Tyre & Rubber (GTYR) – BUY 
Current Price: PKR 188.87
Target Price: PKR 231

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 262.56
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 204.7
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 487.8
Target Price: PKR 707

Habib Metro (HMB) – BUY 
Current Price: PKR 38.99
Target Price: PKR 50

Hi-Tech Lubricant (HTL) – BUY 
Current Price: PKR 103.41
Target Price: PKR 116

HUBCO (HUBC) – BUY 
Current Price: PKR 97
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,726.9
Target Price: PKR 2,069

Kohat Cement (KOHC) – BUY
Current Price: PKR 155.8
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 20.8
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 633.3
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,418
Target Price: PKR 2040 

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 209.5       
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 71.9
Target Price: PKR 107

National Foods (NATF) – BUY 
Current Price: PKR 299
Target Price: PKR 413

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 47.93
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 47.66
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 29.60
Target Price: PKR 50

Nishat Power (NPL) – BUY 
Current Price: PKR 32.50
Target Price: PKR 51

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 164.1
Target Price: PKR 193

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 70.5
Target Price: PKR 109

Pakgen Power (PKGP) – BUY 
Current Price: PKR 20.53
Target Price: PKR 34

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 618.92 
Target Price: PKR 714

Power Cement (POWER) – BUY 
Current Price: PKR 9.26
Target Price: PKR 16

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 201.3
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 491.92
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 293.8
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 189.1       
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 10 Mar, 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: BATA, COLG, BAFL, IGIIL, NPL, OLPL, ASTL, ATLH, NRL and SSGC.

Top losers of last week were: POML, TRG, BOP, PAEL, IBFL, CHCC, BNWM, CSAP, CPPL and EFOODS.

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

The Pakistan Stock Exchange (PSX) market index continued to lose points during the outgoing week as IMF expressed concern over Pakistan’s weakening macroeconomic situation. KSE-100 index has closed on 43,011 by losing 729 points or -1.67 % while KSE-30 index has closed on 21,611 by losing 448 or -2.03 %.

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

  • Political uncertainty including ongoing accountability court’s proceedings in the trial against the Sharif family and developments surrounding Senate Chairman Election continued to take a toll on market performance
  • Political ambiguity has reduced with timely senate elections, weakening economic indicators will remain a pressing concern for investors
  • Trading activity at the bourse remained weak, where avg. daily trading volume contracted to 152.05mn shares (down 16.07%WoW)
  • Federal gov’t extending the tenure of Accountability Court-I Judge Mohammad Bashir, who is currently hearing corruption references against Sharif family
  • Cement sector registering 11%YoY dispatches growth in Feb’18, with 8MFY18 cement offtake reaching 30.10mn tons (up 14%YoY)
  • SC temporarily allowing the federal gov’t to collect recently imposed regulatory duty until its final decision (previously halted for a brief period by Sindh High Court)
  • On the macro front, country’s total foreign exchange reserves declined to USD18.3bn owing to external debt repayments
  • ECC approving a plan to obtain PkR80bn of bank loan to retire part of the longstanding power sector’s circular debt
  • Dawood Hercules to divest Hubco for PKR17bn investment
  • Pakistan in talks with China to borrow USD1bn
  • Renault suffers setback as PSM refuses to provide allocated land
  • The government on Wednesday approved more than Rs93 billion worth of financing plan, mostly through loans, for the energy sector to avoid load shedding and 6.1 million tonnes of procurement target for wheat season 2017-18
  • Oil and gas sector eroded 127 points from index in four sessions of the week due to declining crude oil prices; however on the last trading session (Friday) sector added 72 points to index, as Pakistan Petroleum Limited (PPL) notified exchange regarding its new discovery in Adhi block (OGDC and POL are also stakeholders in Adhi Block
  • Foreigners were net sellers of US$3.9mn worth of shares during the week vs. selling of US$11.4mn during last week. On the local front, Insurance were net buyers of US$8.2mn whereas Mutual funds were net sellers of US$6.6mn


Following are few BUY recommendations:

Attock Cement (ACPL) – BUY 
Current Price: PKR 189.4       
Target Price: PKR 261

Attock Petroleum (APL) – BUY 
Current Price: PKR 570           
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 93.88           
Target Price: PKR 128

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 49.01       
Target Price: PKR 55

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

Cherat Cement (CHCC) – BUY 
Current Price: PKR 130   
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 146.65 
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 295.88 
Target Price: PKR 348.84

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 69.04   
Target Price: PKR 79.94

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 30.70
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 27.26       
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 25.57
Target Price: PKR 58

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 266.08
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 204.66           
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 487.8       
Target Price: PKR 707

HUBCO (HUBC) – BUY 
Current Price: PKR 97           
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,726.9       
Target Price: PKR 2,069

Kohat Cement (KOHC) – BUY
Current Price: PKR 155.8   
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 20.8             
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 633.26             
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,418             
Target Price: PKR 2040

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 209.46     
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 71.93           
Target Price: PKR 107

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 46.98
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 47.78
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 29.43
Target Price: PKR 50

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 164.1           
Target Price: PKR 193

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 70.51           
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 201.3   
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 484.41
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 293.78           
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 189.06     
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 4 Mar, 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: POML, MLCF, PIOC, CHCC, FCCL, KOHC, DGKC, PKGS, LUCK and PAKT.

Top losers of last week were: MUREB, PAEL, IBFL, MARI, NATF, KTML, NCPL, ARM, THALL and AKBL.

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

The Pakistan Stock Exchange (PSX) market index finally returned to positive track, after posting loss for 4 consecutive weeks. KSE-100 index has closed on 43,740 by gaining 473 points or 1.09 % while KSE-30 index has closed on 22,059 by gaining 325 or 1.49%.

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

  • The Financial Action Task Force (FATF), a global money-laundering watchdog, has not put Pakistan on its watch list with immediate effect. However, it is set to take this action in June
  • The positive sentiments in the market were largely fuelled through attractive valuations, which allowed for a buying spree by mutual funds and insurance companies, who were net buyers of PKR720.22mn
  • Foreign investors were also involved in the market upsurge, as net FIPI clocked in at an inflow of USD1.81mn
  • The cement sector came out as the top performing sector during the preceding week, showing a change of 6.62% W/W
  • The Securities and Exchange Commission of Pakistan (SECP) has issued no objection certificate (NOC) for restructuring of bank loans given to Azgard Nine Ltd (ANL)
  • An accountability court has summoned the president of the National Bank of Pakistan (NBP) in a supplementary reference against defunct finance minister Ishaq Dar filed by the National Accountability Bureau on Monday. National Bank president Saeed Ahmed has been named as one of the three accused in addition to the minister in the supplementary reference after NAB detected transactions of millions of dollars to other countries through the bank accounts that he operated  
  • Pakistan will have to pay $3 billion to the International Monetary Fund (IMF) before June and for this funds will have to be raised from the international market, Minister of State for Finance Rana Muhammad Afzal Khan said on Tuesday 
  • Global markets rattled further as US President Trump proposed to levy 25% and 10% duties on steel and aluminium imports, respectively
  • Dewan group’s Daehan SHEHZORE Pickup unveiled
  • US $7 billion to be borrowed to plug C/A deficit
  • Energy sector circular debt touches record Rs922bn
  • PML N electing Shahbaz Sharif as an interim party head following SC’s disqualification of Nawaz Sharif in Election Act’17 case
  • Feb’18 CPI clocking in at 3.8%YoY, down 0.3%MoM on account of seasonal decline in perishable item prices
  • Foreign reserves declining by US$416mn (-2.82%WoW) to US$18.34bn
  • Urea sales clocking in at 539K tons for Jan’18, up 33%YoY
  • PAEL continued its downward trajectory and lost 10% of its value during the week owing to its debarment from participating in world bank’s energy related projects
  • DSL notified exchange about successful commencement of its commercial operations on 28th Feb, 2018
  • Forex reserves fall to USD18.41bn
  • Petrol prices hiked again


Following are few BUY recommendations:

Attock Cement (ACPL) – BUY 
Current Price: PKR 191.6       
Target Price: PKR 261

Attock Petroleum (APL) – BUY 
Current Price: PKR 571.9             
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 92.1             
Target Price: PKR 128

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 47.4         
Target Price: PKR 55

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 68.5       
Target Price: PKR 75

Cherat Cement (CHCC) – BUY 
Current Price: PKR 138.9   
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 153.1   
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 309.26   
Target Price: PKR 348.84

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 69.36   
Target Price: PKR 79.94

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 31.25
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 27.5       
Target Price: PKR 36

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 37.18       
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 26.54
Target Price: PKR 58

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 278.26
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 210.1             
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 481.3       
Target Price: PKR 707

HUBCO (HUBC) – BUY 
Current Price: PKR 98.9           
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,755.9       
Target Price: PKR 2,069

Kohat Cement (KOHC) – BUY
Current Price: PKR 158.5   
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 21.3             
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 644             
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,425.8             
Target Price: PKR 2040 

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 215.9     
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 74.4           
Target Price: PKR 107

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 47.46
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 49.18
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 29.71
Target Price: PKR 50

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 165             
Target Price: PKR 193

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 72             
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 204   
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 484.37
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 298.2             
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 189.4       
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