Pakistan Stock Exchange (PSX) Weekly Analysis 24 June, 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, PAEL, PIOC, PKGP, POL, POWER, PPL, PSMC, PSO, and UBL.

Top gainers of last week were: FATIMA, FFC, EFERT, APL, and FFBL.

Top losers of last week were: MLCF, ASTL, HASCOL, HBL and LUCK.

Top Volume Leaders of last week: KEL, POWER, TRG, LOTCHEM, and SMBL.

The Pakistan Stock Exchange (PSX) market index the benchmark KSE-100 Index stayed in the red territory this week as well. KSE-100 index has closed on 41,637 by losing 2044 points or -4.68%. While KSE-30 index has closed on 20,490 by losing 1076 points or 4.99%.

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


  • Rising concerns regarding global growth amid ongoing trade war (US and China) and domestic macroeconomic headwinds were major reasons behind the overall poor performance of the market during the week
  • With the conclusion of Ramadan, average daily traded volumes the at bourse increased encouragingly by 29%WoW to 170.07mn shares
  • The caretaker FM commented that the amnesty scheme for declaration of assets will not be extended beyond the Jun 30’18 deadline
  • Country’s current account deficit rising to US$15.961bn in 11MFY18, an increase of 43%YoY
  • Moody’s Investors Service downgrading Pakistan’s rating outlook to negative from stable
  • SECP notifying new Anti- Money Laundering and Countering Financing of Terrorism Regulations 2018 to satisfy the upcoming FATF meeting
  • Local urea prices posting a sharp increase toward PkR1,600/bag in the last few week amid looming urea shortage in upcoming months
  • Any decision with regards to the review of Pakistan’s action plan by the FATF in its plenary meeting (scheduled next week from Jun 24-29) can continue to weigh on market sentiment


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 99.02
Target Price: PKR 122

Attock Cement (ACPL) – BUY 
Current Price: PKR 143.20
Target Price: PKR 261

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 49.22
Target Price: PKR 83

Attock Petroleum (APL) – BUY 
Current Price: PKR 604.49
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 66.16
Target Price: PKR 128

Cherat Cement (CHCC) – BUY 
Current Price: PKR 105
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 113.08
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 310.32
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 31.71
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 23.12
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 38.61
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 20.83
Target Price: PKR 58

General Tyre & Rubber (GTYR) – BUY 
Current Price: PKR 156.42
Target Price: PKR 231

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 287.03
Target Price: PKR 372

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 163.86
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 312.25
Target Price: PKR 707

Habib Metro (HMB) – BUY 
Current Price: PKR 40.37
Target Price: PKR 50

Hi-Tech Lubricant (HTL) – BUY 
Current Price: PKR 89.54
Target Price: PKR 116

HUBCO (HUBC) – BUY 
Current Price: PKR 93.84
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,363.53
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 57.19
Target Price: PKR 65

Kohat Cement (KOHC) – BUY
Current Price: PKR 123.50
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 19.07
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 500.29
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,487
Target Price: PKR 2,040 

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   197.78
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 51.57
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 47.95
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 47.47
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 25.17
Target Price: PKR 50

Nishat Mills (NML) – BUY 
Current Price: PKR 143.51
Target Price: PKR 174

Nishat Power (NPL) – BUY 
Current Price: PKR 28.42
Target Price: PKR 51

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 156.54
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 39.78
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 45.67
Target Price: PKR 109

Pakgen Power (PKGP) – BUY 
Current Price: PKR 18.81
Target Price: PKR 34

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 647.95
Target Price: PKR 714

Power Cement (POWER) – BUY 
Current Price: PKR 8.49
Target Price: PKR 16

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 212.76
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 402.87
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 311.03
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 169.13
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 June, 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, PAEL, PIOC, PKGP, POL, POWER, PPL, PSMC, PSO, and UBL.

Top gainers of last week were: ENGRO, NML, PSO, OGDC, and PPL.

Top losers of last week were: FCCL, PIOC, DGKC, MLCF, and ASTL.

Top Volume Leaders of last week: BOP, PAEL, LOTCHEM, FCCL, and KEL.

The Pakistan Stock Exchange (PSX) market index remained lackluster most part of the current week. KSE-100 index has closed on 43,681 by losing 267 points or -0.61%. While KSE-30 index has closed on 21,566 by gaining 98 points or 0.45%.

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


  • Leadership in National Security Committee meeting, reaffirming Pakistan's commitment to meet the international agency's requirements in upcoming FATF meeting later this month
  • SC sets 30-day deadline for verdict in Nawaz cases, after extending the deadline given to the accountability court of Islamabad
  • CJP observing that the court has no objection to the Amnesty Scheme and gave one month time to the committee to come up with suggestions against their reservations
  • SECMC claiming to unearth the first layer of coal from its open-pit coal mine in Thar Coal Block II, five months ahead of schedule
  • GoP making special allocation of PkR25bn to start construction of Bhasha Dam and Mohmand Dam

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 99.82
Target Price: PKR 122

Attock Cement (ACPL) – BUY 
Current Price: PKR 156
Target Price: PKR 261

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 51
Target Price: PKR 83

Attock Petroleum (APL) – BUY 
Current Price: PKR 610.51
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 73.95
Target Price: PKR 128

Cherat Cement (CHCC) – BUY 
Current Price: PKR 107.78
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 120.33
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 321.21
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 30.29
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 23.75
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 39.24
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 21.53
Target Price: PKR 58

General Tyre & Rubber (GTYR) – BUY 
Current Price: PKR 166.57
Target Price: PKR 231

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 317.93
Target Price: PKR 372

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 181.24
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 350.70
Target Price: PKR 707

Habib Metro (HMB) – BUY 
Current Price: PKR 44
Target Price: PKR 50

Hi-Tech Lubricant (HTL) – BUY 
Current Price: PKR 95.36
Target Price: PKR 116

HUBCO (HUBC) – BUY 
Current Price: PKR 98.15
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,459.56
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 58.49
Target Price: PKR 65

Kohat Cement (KOHC) – BUY
Current Price: PKR 130.40
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 19.12
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 542.02
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,562
Target Price: PKR 2,040 

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   206.12
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 58.94
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 49.12
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 49.55
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 26
Target Price: PKR 50

Nishat Mills (NML) – BUY 
Current Price: PKR 153.54
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 167
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 39.78
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 47.48
Target Price: PKR 109

Pakgen Power (PKGP) – BUY 
Current Price: PKR 19.10
Target Price: PKR 34

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 693.39
Target Price: PKR 714

Power Cement (POWER) – BUY 
Current Price: PKR 8.60
Target Price: PKR 16

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 221.17
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 433
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 330.30
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 179.86
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 June, 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, PAEL, PIOC, PKGP, POL, POWER, PPL, PSMC, PSO, and UBL.

Top gainers of last week were: UBL, HBL, BAFL, LUCK and FATIMA.

Top losers of last week were: KAPCO, NCL, PSMC, INDU and KEL.

Top Volume Leaders of last week: BOP, PAEL, TRG, PIBTL, and SSGC.

The Pakistan Stock Exchange (PSX) market index continued its bull run into the 2nd week post announcement of caretaker setup. KSE-100 index has closed on 43,948 by gaining 1035 points or 2.41%. While KSE-30 index has closed on 21,664 by gaining 673 points or 3.21%.

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


  • Volumes returned over perceived political calmness despite shorter Ramadan days, averaging 183.79mn vs. 119.05mn in the preceding week, up by 54%WoW
  • Supreme Court suspending a Lahore High Court (LHC) judgment that annulled the new nomination papers, paving the way for timely election
  • Headline inflation for May’18 ticking up to 4.2%YoY as the impact of petroleum price hike and rupee depreciation became more visible
  • World Bank revising down Pakistan’s GDP growth to 5% against officially envisaged target of 6.2% for FY19, citing adverse impact of tighter policies
  • Petroleum products sales reaching 2.45mn tons in May’18, up 31%MoM/1%YoY

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 160.03
Target Price: PKR 261

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 50.45
Target Price: PKR 83

Attock Petroleum (APL) – BUY 
Current Price: PKR 609.60
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 82.12
Target Price: PKR 128

Cherat Cement (CHCC) – BUY 
Current Price: PKR 114.14
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 131.30
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 309.86
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 30.02
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 25.49
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 39.22
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 22.25
Target Price: PKR 58

General Tyre & Rubber (GTYR) – BUY 
Current Price: PKR 170.44
Target Price: PKR 231

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 314.63
Target Price: PKR 372

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 184.88
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 409.33
Target Price: PKR 707

Habib Metro (HMB) – BUY 
Current Price: PKR 43.92
Target Price: PKR 50

Hi-Tech Lubricant (HTL) – BUY 
Current Price: PKR 99.73
Target Price: PKR 116

HUBCO (HUBC) – BUY 
Current Price: PKR 96.26
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,518.55
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 58.71
Target Price: PKR 65

Kohat Cement (KOHC) – BUY
Current Price: PKR 137.25
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 19.11
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 579.15
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,531
Target Price: PKR 2,040 

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   213.32
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 64.76
Target Price: PKR 107

National Foods (NATF) – BUY 
Current Price: PKR 294.34
Target Price: PKR 413

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 49.85
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 49.88
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 24.94
Target Price: PKR 50

Nishat Mills (NML) – BUY 
Current Price: PKR 148.65
Target Price: PKR 174

Nishat Power (NPL) – BUY 
Current Price: PKR 28
Target Price: PKR 51

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 162.36
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 39.78
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 51.34
Target Price: PKR 109

Pakgen Power (PKGP) – BUY 
Current Price: PKR 19
Target Price: PKR 34

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 680.30
Target Price: PKR 714

Power Cement (POWER) – BUY 
Current Price: PKR 8.91
Target Price: PKR 16

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 216.11
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 449.85
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 320.03
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 182.47
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 June, 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: ATRL, NRL, COLG, SEARL, PAEL, TRG, GADT, SHFA, NML and PAKT.

Top losers of last week were: PIBTL, PICT, IBFL, EFUG, PIOC, NPL, FML, MLCF, PSX and MEBL.

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

The Pakistan Stock Exchange (PSX) market index extended its gains to close 2% WoW higher at 42,913 levels as sentiments remained positive on smooth transition from current government to caretaker set-up during the week. KSE-100 index has closed on 42,913 by gaining 839 points or 1.99 %. While KSE-30 index has closed on 20,991 by gaining 371 points or 1.80 %.

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


  • Nasir-ul-Mulk, a former Chief Justice of Pakistan, was named as caretaker Prime minister for a period of two months to hold general election on July 25
  • Banks posted gains as the State Bank of Pakistan (SBP) increased Policy rate by 50bps to 6.50% on account of growing external account pressures ahead
  • With the month ending, FBR posted revenue collection numbers for May-2018, which reflected a shortfall to government’s target
  • The government also announced extension of Export package for another three years
  • World Bank is reported to give US$400mn for green projects in Punjab
  • China has stated to roll over US$500mn loan that expires in Jun-2018
  • Cement prices increase in retail market
  • Pak Suzuki Motor Co (PSMC) set to increase car prices by Rs30,000-Rs80,000
  • Deposit Protection Corp starts today, which has been introduced to protect small depositors
  • Exxon, Eni Pakistan, Oil & Gas Development Co (OGDC) and Pakistan Petroleum Ltd (PPL) sign deed of assignment for offshore Indus
  • Attock Refinery (ATRL) and National Refinery (NRL) remained among top performers during the week, where both gained around 24% and 17% respectively in their values amid attractive valuation and restoration of FO supplies to power plants in Pakistan
  • Searle Pakistan (SEARL) gained around 12% during the week, as news was floating in market regarding build up of position by Milan based asset manager in SEARL
  • Foreigners were net sellers during the week amounting to US$17.5mn vs. net selling of US$26.1mn last week. On the other hand, amongst local investors Banks were net sellers of US$4.7mn whereas insurance were net buyer of US$30.4mn
  • Pakistan has borrowed US$9.6bn from external sources during 10MFY18 of which US$1.6bn was through new foreign loans during the month of April'18
  • The ECC of the Cabinet approved a package of five-year tax exemptions and a number of other incentives for former tribal region under federal and provincial administration
  • Foreign investors went against market movement and turned out as net sellers of USD17.52mn, whereas Insurance companies were the major buyers among local investors


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY
Current Price: PKR 99.66
Target Price: PKR 122

Attock Cement (ACPL) – BUY
Current Price: PKR 154.62
Target Price: PKR 261

Adamjee Insurance (AICL) – BUY
Current Price: PKR 49.91
Target Price: PKR 83

Attock Petroleum (APL) – BUY
Current Price: PKR 598.77
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY
Current Price: PKR 81.03
Target Price: PKR 128

Cherat Cement (CHCC) – BUY
Current Price: PKR 113.20
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY
Current Price: PKR 125.88
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY
Current Price: PKR 303.66
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY
Current Price: PKR 28.56
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY
Current Price: PKR 25
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY
Current Price: PKR 38.79
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY
Current Price: PKR 21.99
Target Price: PKR 58

General Tyre & Rubber (GTYR) – BUY
Current Price: PKR 169.56
Target Price: PKR 231

Hascol Petroleum (HASCOL) – BUY
Current Price: PKR 308.53
Target Price: PKR 372

Habib Bank Limited (HBL) – BUY
Current Price: PKR 172.91
Target Price: PKR 248

Honda Cars (HCAR) – BUY
Current Price: PKR 402.43
Target Price: PKR 707

Habib Metro (HMB) – BUY
Current Price: PKR 43
Target Price: PKR 50

Hi-Tech Lubricant (HTL) – BUY
Current Price: PKR 95.83
Target Price: PKR 116

HUBCO (HUBC) – BUY
Current Price: PKR 97.35
Target Price: PKR 138.7

Indus Motors (INDU) – BUY
Current Price: PKR 1,559.99
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 59
Target Price: PKR 65

Kohat Cement (KOHC) – BUY
Current Price: PKR 135.67
Target Price: PKR 248

Lalpir Power (LPL) – BUY
Current Price: PKR 19.52
Target Price: PKR 30

Lucky Cement (LUCK) – BUY
Current Price: PKR 545.56
Target Price: PKR 827

MARI Petroleum (MARI) – BUY
Current Price: PKR 1,528
Target Price: PKR 2,040

Muslim Commercial Bank (MCB) – BUY
Current Price: PKR   205.67
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY
Current Price: PKR 64.51
Target Price: PKR 107

National Foods (NATF) – BUY
Current Price: PKR 296
Target Price: PKR 413

National Bank of Pakistan (NBP) – BUY
Current Price: PKR 49.07
Target Price: PKR 74

Nishat Chunian (NCL) – BUY
Current Price: PKR 50
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY
Current Price: PKR 26.18
Target Price: PKR 50

Nishat Mills (NML) – BUY
Current Price: PKR 146.34
Target Price: PKR 174

Nishat Power (NPL) – BUY
Current Price: PKR 28
Target Price: PKR 51

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 159.21
Target Price: PKR 193

Pioneer Cement Limited (PIOC) – BUY
Current Price: PKR 50.97
Target Price: PKR 109

Pakgen Power (PKGP) – BUY
Current Price: PKR 19.69
Target Price: PKR 34

Pakistan Oilfields (POL) – BUY
Current Price: PKR 673.74
Target Price: PKR 714

Power Cement (POWER) – BUY
Current Price: PKR 8.78
Target Price: PKR 16

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 214.02
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY
Current Price: PKR 457
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY
Current Price: PKR 317.90
Target Price: PKR 392

United Bank Limited (UBL) – BUY
Current Price: PKR 169.09
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