Pakistan Stock Exchange (PSX) Weekly Analysis 27 May, 2018

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

Top gainers of last week were: EFOODS, GWLC, MLCF, BAFL, ENGRO, HUBC, FFC, BAHL, and PPL.

Top losers of last week were: PSMC, LUCK, APL, INDU, NATF, KTML, COLG, OGDC and KEL.

Top Volume Leaders of last week: FABL, PAEL, FCCL, BOP and FDIBL.

The Pakistan Stock Exchange (PSX) market index managed to close in the green (+450pts/1.1%WoW) to 42,074 points, amid attractive valuation that enticed investors to make fresh entry in the market.  KSE-100 index has closed on 42,074 by gaining 450 points or 1.08 %. While KSE-30 index has closed on 20,620 by gaining 306 points or 1.51 %.

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


  • State Bank of Pakistan raises key interest rate by 50 basis points to 6.5% in the monetary policy 
  • 10MFY18 CAD widening 50% to US$14.035bn on the back of increasing merchandise imports outweighing exports
  • ECP proposing July 25th-27th as possible dates for the upcoming General Election'18
  • Foreign reserves reach below US$17bn mark after declining US$415mn during the last week, after having incurred debt servicing cost of ~US$0.5bn
  • Auto sector is consistently underperforming as Govt. has barred non-filers from buying a new car that is likely to hit sales of the assemblers. INDU has lost around 18% since budget announcement date, while HCAR and PSMC has lost ~15% and 9% respectively
  • Foreigners were net sellers during the week amounting to US$26.1mn vs. net selling of US$20mn last week. On the other hand, amongst local investors mutual funds were net sellers of US$4.4mn whereas insurance were net buyer of US$23.2mn
  • Meezan Bank (MEBL) notified exchange regarding successful divestment of 2.49% stake of its majority shareholder (Noor Financial) to various foreign institutional investors at price of Rs70 per share
  • The National Electric Power Regulatory Authority (NEPRA) on Thursday ordered ex‐Wapda distribution companies to refund 62 paisa per unit to consumers for overcharging them about Rs6.5 billion in April

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 97.50
Target Price: PKR 122

Attock Cement (ACPL) – BUY 
Current Price: PKR 166.50
Target Price: PKR 261

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 48.31
Target Price: PKR 83

Attock Petroleum (APL) – BUY 
Current Price: PKR 593.57
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 75.01
Target Price: PKR 128

Cherat Cement (CHCC) – BUY 
Current Price: PKR 112.81
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 125.65
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 297.34
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 27.51
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 24.53
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 37.50
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 23.31
Target Price: PKR 58

General Tyre & Rubber (GTYR) – BUY 
Current Price: PKR 162.97
Target Price: PKR 231

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 304.11
Target Price: PKR 372

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 170.61
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 400.88
Target Price: PKR 707

Habib Metro (HMB) – BUY 
Current Price: PKR 43.50
Target Price: PKR 50

Hi-Tech Lubricant (HTL) – BUY 
Current Price: PKR 90.66
Target Price: PKR 116

HUBCO (HUBC) – BUY 
Current Price: PKR 98.03
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,556.59
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 56.68
Target Price: PKR 65

Kohat Cement (KOHC) – BUY
Current Price: PKR 136.08
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 19.61
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 539.19
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,510
Target Price: PKR 2,040 

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   199.98
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 66.54
Target Price: PKR 107

National Foods (NATF) – BUY 
Current Price: PKR 300
Target Price: PKR 413

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 49.19
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 48.08
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 25.94
Target Price: PKR 50

Nishat Mills (NML) – BUY 
Current Price: PKR 133.89
Target Price: PKR 174

Nishat Power (NPL) – BUY 
Current Price: PKR 29
Target Price: PKR 51

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 159.88
Target Price: PKR 193

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 53
Target Price: PKR 109

Pakgen Power (PKGP) – BUY 
Current Price: PKR 19.95
Target Price: PKR 34

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 662.13
Target Price: PKR 714

Power Cement (POWER) – BUY 
Current Price: PKR 8.74
Target Price: PKR 16

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 214.97
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 440
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 302.28
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 170.06
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 21 May, 2018

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

Top gainers of last week were: JDWS, MUREB, JSCL, DCR, HMB, SSGC, ATLH, IBFL, COLG and PMPK.

Top losers of last week were: UNITY, PAEL, ATRL, CSAP, HCAR, SEARL, TRG, LUCK, FCCL and INIL.

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

The Pakistan Stock Exchange (PSX) market index remained in shambles for the third consecutive week in a row with benchmark KSE-100 index splashing red on the screen in all trading sessions. KSE-100 index has closed on 41,624 by losing -1971 points or - 4.52 %. While KSE-30 index has closed on 20,314 by losing -1065 points or -4.98 %.

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


  • Bears slammed volatile political climate post controversial comments by ex-PM Nawaz Sharif made over the weekend on Mumbai terror attack as it added towards overall uncertainty surrounding the upcoming general elections 
  • Recent numbers showing continued downward spiral in FX reserves (State Bank of Pakistan held US$10.79bn as on May 11, 2018, implying import cover of less than 2.5 months)
  • International oil prices hitting US$80/bbl mark
  • Foreign exchange: SBP's reserves plunge 3.26% to USD10.8bn
  • Foreign selling in Commercial banks kept whole sector under pressure during the week and eroded 346 points from the index. Among scrips HBL lost 4 5% UBL ( 5%) and MCB ( 1%) during the week
  • Engro Polymers (EPCL) has announced right shares of 37% at price of Rs22 per share (inclusive of premium of PKR 12/share) for expansion of its PVC capacity by 100k tons to 295k tons and debottlenecking of 50k tons of VCM
  • The ground breaking for the 780-kilometre long portion of Turkmenistan-Afghanistan-Pakistan-India (Tapi) Pipeline has been put on hold for the next couple of months, delaying initiation of civil work that was earlier planned to be done in December last year
  • Foreign direct investment (FDI) has grown at a slower pace during the current financial year compared to the same period last year
  • Kuwait’s Noor Financial Investment said on Wednesday a foreign financial firm has shown interest in buying part of its stake in Pakistan’s leading Islamic lender Meezan Bank
  • Government has consumed one billion dollars of short-term loans taken from Chinese banks within a fortnight to settle repayments of old debts
  • As per the recent SBP data, Pakistan external debt has reached to a record of US$91.8bn (30.8% of GDP) reflecting an increase of US$8.3bn in 9MFY18


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 94.90
Target Price: PKR 122

Attock Cement (ACPL) – BUY 
Current Price: PKR 158.64
Target Price: PKR 261

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 49.84
Target Price: PKR 83

Attock Petroleum (APL) – BUY 
Current Price: PKR 610.07
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 75.32
Target Price: PKR 128

Cherat Cement (CHCC) – BUY 
Current Price: PKR 113.43
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 126.32
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 288.10
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 28.03
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 24.31
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 37.84
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 22.01
Target Price: PKR 58

General Tyre & Rubber (GTYR) – BUY 
Current Price: PKR 164.99
Target Price: PKR 231

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 293.06
Target Price: PKR 372

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 167.93
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 403
Target Price: PKR 707

Habib Metro (HMB) – BUY 
Current Price: PKR 43.75
Target Price: PKR 50

Hi-Tech Lubricant (HTL) – BUY 
Current Price: PKR 90.99
Target Price: PKR 116

HUBCO (HUBC) – BUY 
Current Price: PKR 94.51
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,594.94
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 55.76
Target Price: PKR 65

Kohat Cement (KOHC) – BUY
Current Price: PKR 134.68
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 19.25
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 556.83
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,520
Target Price: PKR 2,040 

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   197.45
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 63.54
Target Price: PKR 107

National Foods (NATF) – BUY 
Current Price: PKR 330
Target Price: PKR 413

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 47.27
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 48.53
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 26.07
Target Price: PKR 50

Nishat Mills (NML) – BUY 
Current Price: PKR 131.14
Target Price: PKR 174

Nishat Power (NPL) – BUY 
Current Price: PKR 28.90
Target Price: PKR 51

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 161.56
Target Price: PKR 193

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 51.91
Target Price: PKR 109

Pakgen Power (PKGP) – BUY 
Current Price: PKR 19.21
Target Price: PKR 34

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 650.77
Target Price: PKR 714

Power Cement (POWER) – BUY 
Current Price: PKR 9.01
Target Price: PKR 16

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 206.38
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 459.48
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 303.59
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 166.54
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

Upcoming Board Meetings - May 2018

MIRKS - Mirpurkas Sugar        Wed, May 23 2018
HINO - Hinopak Motors                Thu, May 24 2018
SHSML - Shahmurad Sugar Thu, May 24 2018
JSML - Jauharabad Sugar        Thu, May 24 2018
ALNRS - Al-Noor Sugar        Mon, May 28 2018

Pakistan Stock Exchange (PSX) Weekly Analysis 13 May, 2018

BUY recommendations are:  ABL, ACPL, APL, ASTL, CHCC, DGKC, ENGRO, 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, POWER, PPL, PSMC, PSO, and UBL.

Top gainers of last week were: IBFL, PICT, PPL, POL, EFERT, ICI, MARI, COLG, AKBL and APL.

Top losers of last week were: TRG, SNGP, SHFA, PAKT, HMB, PIBTL, CSAP, UNITY, THALL and INIL.

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

The Pakistan Stock Exchange (PSX) market index continued its downward trajectory for the second week in a row, declining by another 2.1% WoW. KSE-100 index has closed on 43,595 by losing -942 points or - 2.12 %. While KSE-30 index has closed on 21,379 by losing -470 points or -2. 15 %.

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


  • Overall volumes improved during the week by 1% WoW to 167mn and ADTO also improved by 3% WoW to US$57mn as local mutual funds remained busy accumulating positions in a sliding market
  • Oil & gas exploration remained the only heavyweight sector which closed in the green zone as US President Donald Trump scrapped Iran Nuclear deal, sending international oil prices above US$77/bbl level and estimates upgrade by major investment banks around the world 
  • The market was rife with rumours regarding local cement players prepping a price increase of upto PKR25/bag, which kept the sector buzzing. Leading cement names, especially midcap names gathered steady gains towards the end of the week
  • The overall cement sales grew 15.1 per cent to 38.996 million tonnes during the first 10 months of this fiscal year compared to 33.880m tonnes during the same period last year
  • The National Logistics Cell (NLC) has signed a memorandum of understanding (MoU) with Daimler AG for local production of Mercedes-Benz trucks in Pakistan
  • Engro Corp plans Rs2.5 billion investment in Thar coal power project
  • Automaker Ghandhara Nissan Limited (GNL) imported three million yuan of trucks from China by settling the trade transaction in renminbi in its maiden deal with a Chinese bank based in Pakistan
  • The central bank will auction Rs5.3 trillion worth of market treasury bills and Pakistan Investment Bonds (PIBs) in May-July to help the government finance budget deficit
  • Rice exports up 27pc to $1.57bln in Jul-Apr
  • Pakistan received $16.3 billion remittances in the first ten months of 2017-18, reflecting a 3.9 per cent increase over the corresponding period of FY17
  • Motorbike assemblers raise prices
  • Commercial banks remained the major decliners as the sector eroded 286 points from the index. Continuation of super tax and weak earnings outlook for 2018 kept banking stocks under pressure
  • Foreigners were net sellers during the week amounting to US$4.1mn vs. net buying of US$0.6mn last week. On the other hand, amongst local investors mutual funds were net buyers of US$4.2mn whereas Individuals were net seller of US$1.9mn

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 97.05
Target Price: PKR 122

Attock Cement (ACPL) – BUY 
Current Price: PKR 171.15
Target Price: PKR 261

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 53.50
Target Price: PKR 83

Attock Petroleum (APL) – BUY 
Current Price: PKR 619
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 79.53
Target Price: PKR 128

Cherat Cement (CHCC) – BUY 
Current Price: PKR 117.48
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 137.53
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 308.02
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 29.56
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 26.96
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 40
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 23.13
Target Price: PKR 58

General Tyre & Rubber (GTYR) – BUY 
Current Price: PKR 169.72
Target Price: PKR 231

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 300.07
Target Price: PKR 372

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 175.79
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 463
Target Price: PKR 707

Habib Metro (HMB) – BUY 
Current Price: PKR 43.50
Target Price: PKR 50

Hi-Tech Lubricant (HTL) – BUY 
Current Price: PKR 93.16
Target Price: PKR 116

HUBCO (HUBC) – BUY 
Current Price: PKR 97.15
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,685.36
Target Price: PKR 2,069

Kohat Cement (KOHC) – BUY
Current Price: PKR 144.33
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 18.92
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 620.31
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,571
Target Price: PKR 2,040 

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   200
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY
Current Price: PKR 66.02
Target Price: PKR 107

National Foods (NATF) – BUY
Current Price: PKR 330
Target Price: PKR 413

National Bank of Pakistan (NBP) – BUY
Current Price: PKR 48.97
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 50.27
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 27.48
Target Price: PKR 50

Nishat Power (NPL) – BUY 
Current Price: PKR 30.17
Target Price: PKR 51

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 164
Target Price: PKR 193

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 56.72
Target Price: PKR 109

Pakgen Power (PKGP) – BUY 
Current Price: PKR 19.25
Target Price: PKR 34

Power Cement (POWER) – BUY 
Current Price: PKR 9.15
Target Price: PKR 16

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 215.91
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 477.04
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 332.47
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 175.22
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 May, 2018

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

Top gainers of last week were: BOP, ASTL, FHAM, CSAP, MARI, SHFA, FCCL, DGKC, EFERT and ISL.

Top losers of last week were: FATIMA, PICT, UNITY, ARPL, HBL, PIBTL, UBL, BWCL, NRL and PIOC.

Top Volume Leaders of last week: BOP, UNITY, BAFL, EPCL, FCCL, PAEL, TRG, KEL, PIBTL, and DGKC.

The Pakistan Stock Exchange (PSX) market index added another bearish session in the week and lost more than 1000pts in a single week. KSE-100 index has closed on 44,537 by losing -1006 points or -2.21 %. While KSE-30 index has closed on 21,849 by losing -560 points or -2.50%.

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


  • Banking stocks emerged as top most decliner and eroded 458 points from index during the week due to continuation of super tax in FY19 budget, where HBL lost 7.5% in outgoing week, followed by UBL (7%) and MCB (2%)
  • Banking names drained value as the Super Tax was extended in the recently announced budget with a gradual phase out over the next four against wider expectations of an immediate relief. While foreign selling in Financials also hammered the sector, especially in index heavy HBL and UBL
  • Among small scrips, Lotte Chemicals (LOTCHEM) gained 7% during the week owing to increasing international PTA‐PX margins
  • Foreigners were net buyer during the week amounting to US$0.6mn vs. net selling of US$2.8mn last week. On the other hand, amongst local investors companies were net buyers of US$6.4mn whereas insurance were net seller of US$4.3mn
  • A three member bench of the Supreme Court (SC) headed by Justice Ejaz Afzal Khan has ruled that Bahria Town Karachi cannot sell plots in Karachi
  • Secretary Power Division Yousuf Naseem Khokhar has reportedly accused Karachi Electric (KE) of "staging drama" of electricity crisis in Karachi to get a favourable decision from Nepra on tariff reconsideration petition at the cost of citizens of Karachi 
  • Sui Northern Gas Pipelines Limited (SNGPL) has filed a petition with Oil and Gas Regulatory Authority (OGRA) for determination of estimated revenue requirement (ERR) for financial year 2018‐19
  • Total FX reserves rising to US$17.71bn (up 3.4% WoW), reversing its 19-weeks long declining trend
  • Average consumer price inflation rising to 3.7%YoY in Apr’18 due to increase in prices of oil and utility tariffs during the month
  • ECP finalizing the new delimitations of national and provincial constituencies after conclusion of objections
  • Raising increasing the prices of diesel and petrol by PkR2.31 andPkR1.70 per litre
  • With verdicts of accountability court against Sharif’s family approaching close (due next week – May 11’18), the broader market is expected to remain range-bound, with investors likely to stay on side-lines
  • Oil & Gas sector is expected to remain in limelight as US President takes a decision next week on Iran’s Nuclear deal, where re-imposition of sanctions could spark intl. oil prices
  • Consumer price inflation ticks up to 3.7 percent in April
  • ADB raises concern over CPEC’s debt burden on finances
  • Atlas Honda (ATLH) has announced more than Rs1.7bn in investment to expand its production capacity amidst growing demand of two-wheelers in the country


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 100
Target Price: PKR 122

Attock Cement (ACPL) – BUY 
Current Price: PKR 176
Target Price: PKR 261

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 56.49
Target Price: PKR 83

Attock Petroleum (APL) – BUY 
Current Price: PKR 614
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 83.91
Target Price: PKR 128

Cherat Cement (CHCC) – BUY 
Current Price: PKR 124
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 142.77
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 307
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 30.25
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 28.19
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 42
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 24.28
Target Price: PKR 58

General Tyre & Rubber (GTYR) – BUY 
Current Price: PKR 172.97
Target Price: PKR 231

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 181.75
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 479
Target Price: PKR 707

Habib Metro (HMB) – BUY 
Current Price: PKR 47
Target Price: PKR 50

Hi-Tech Lubricant (HTL) – BUY 
Current Price: PKR 96.34
Target Price: PKR 116

HUBCO (HUBC) – BUY 
Current Price: PKR 102
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,774.73     
Target Price: PKR 2,069

Kohat Cement (KOHC) – BUY
Current Price: PKR 144
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 20
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 649.06
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,550
Target Price: PKR 2,040 

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   205.76
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 67.99
Target Price: PKR 107

National Foods (NATF) – BUY 
Current Price: PKR 334
Target Price: PKR 413

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 49.88
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 51.76
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 29
Target Price: PKR 50

Nishat Power (NPL) – BUY 
Current Price: PKR 31.51
Target Price: PKR 51

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 164
Target Price: PKR 193

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 59.76
Target Price: PKR 109

Pakgen Power (PKGP) – BUY 
Current Price: PKR 20
Target Price: PKR 34

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

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 209.75
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 484.81
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 334
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 186.10
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