Pakistan Stock Exchange (PSX) Weekly Analysis 29 July, 2018

BUY recommendations are:  ABL, ACPL, AKBL, APL, ASTL, CHCC, DGKC, FATIMA, FCCL, FFBL, GWLC, HBL, HCAR, HUBC, INDU, KAPCO, KOHC, LOTCHEM, LUCK, MARI, MCB, MLCF, MTL, NBP, NCL, NML, NPL, OGDC, PAEL, PIOC, PPL, PSMC, PSO, SEARL, SNGP and UBL.

Top gainers of last week were: PIOC, ASTL, GWLC, FCCL, and EFOODS.

Top losers of last week were: PSMC, HASCOL, APL, FFC, and HUBC.

Top Volume Leaders of last week: PIOC, BOP, KEL, PIBTL, and LOTCHEM.

The Pakistan Stock Exchange (PSX) market index rebounded sharply from a tumultuous pre-election run-up, rising for all four sessions of the shortened week. KSE-100 index closed on 42,786 by gaining 1564 points or 3.8 percent. While KSE-30 index closed on 21,336 by gaining 938 points.

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


  • As the process of post-election flash-points gains steam (appointment of reserved members, by-election preparations), market dynamics are likely to hang in the balance. Further down the line, as the PTI-led government firms up its cabinet, legislative priorities and policy imperatives, investors are likely to be see-saw based on perceived outcomes for sectors, capital markets and the domestic investment environment
  • Election proceedings dominated investor sentiment, guiding stock price escalations as polling formalities were completed with limited violence and sporadic occurrences of documented discrepancies
  • Average traded volumes over the week jumped 7.04% WoW to 234.9mn shares/day
  • Citing a slew of economic challenges, MNA elect Asad Umar stated that all options, including approaching the IMF were on the table with urgency of reforms expected to be at the forefront of a PTI-led government
  • The country's total liquid foreign exchange reserves increased by US$46mn during the last week ending at US$15.73bn while SBP's reserves decreased by US$53mn to US$9.01bn
  • SNGP has reportedly refused to import Re-Gasified Liquefied Natural Gas until the Power Division commits to off-take on firm take-and-pay basis
  • June'18 figures released by the PBS shows a 2%YoY drop in textile exports for the month as GoP efforts to boost exports hit roadblocks
  • The GoP has released PkR32bn in cash support for promoting exports of textile and clothing under the special PM Package aimed at accelerating exports of value added goods


Following are few BUY recommendations:

Allied Bank Ltd (ABL) – BUY 
Current Price: PKR 109.95
Target Price: PKR 125.5

Attock Cement Ltd (ACPL) – BUY 
Current Price: PKR 144.74
Target Price: PKR 195.4

Askari Bank Ltd (AKBL) – BUY 
Current Price: PKR 24.09
Target Price: PKR 28.2

Attock Petroleum (APL) – BUY 
Current Price: PKR 559.58
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 71.67
Target Price: PKR 128

Cherat Cement (CHCC) – BUY 
Current Price: PKR 94.78
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 114.69
Target Price: PKR 194

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 35.90
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 24.13
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 37.62
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 21.81
Target Price: PKR 36

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 179.66
Target Price: PKR 248

Honda Atlas Cars (Pak) Ltd. (HCAR) – BUY 
Current Price: PKR 293.66
Target Price: PKR 671.6

HUBCO (HUBC) – BUY 
Current Price: PKR 94.75
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,354.96
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 54.75
Target Price: PKR 65

Kohat Cement Company (KOHC) – BUY
Current Price: PKR 128.03
Target Price: PKR 169.4

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY
Current Price: PKR 13.61
Target Price: PKR 15.9

Lucky Cement (LUCK) – BUY 
Current Price: PKR 549.02
Target Price: PKR 827

Mari Petroleum (MARI) – BUY 
Current Price: PKR   1433.69
Target Price: PKR 2130

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   213.63
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 51.07
Target Price: PKR 107

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1146.56
Target Price: PKR 1604

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 50.03
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 51.67
Target Price: PKR 69

Nishat Mills (NML) – BUY 
Current Price: PKR 139.28
Target Price: PKR 174

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 30.42
Target Price: PKR 39.1

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 152.43
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 38.30
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 51.01
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 214.24
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 345.18
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 322.34
Target Price: PKR 392

Searle Company Ltd. (SEARL) – BUY 
Current Price: PKR 319.49
Target Price: PKR 505

Sui Northern Gas Pipeline Ltd. (SNGP) – BUY 
Current Price: PKR 100.08
Target Price: PKR 163.1

United Bank Limited (UBL) – BUY 
Current Price: PKR 186.03
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 22 July, 2018

BUY recommendations are:  ABL, ACPL, AKBL, APL, ASTL, CHCC, DGKC, ENGRO, FATIMA, FCCL, FFBL, GWLC, HBL, HCAR, HUBC, INDU, KAPCO, KOHC, LOTCHEM, LUCK, MARI, MCB, MLCF, MTL, NBP, NCL, NML, NPL, OGDC, PAEL, PIOC, PPL, PSMC, PSO, SEARL, SNGP and UBL.

Top gainers of last week were: UBL, MLCF, NCL, ASTL, and DGKC.

Top losers of last week were: NBP, PSMC, FFBL, GWLC and KAPCO.

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

The Pakistan Stock Exchange (PSX) market index opened the week on a negative note, plunging 605pts on its first trading session, however, fresh liquidity deployed by local AMCs rendered the much-needed support, with KSE-100 index closing the week at 41,222pts (up 951pts/2.36%WoW). While KSE-30 index closed on 20,398 by gaining 533 points.

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


  • With the country heading to General Elections 2018 (scheduled on Jul 25’18), political euphoria once again likely to dominate in the week ahead. In this regard, market activity could switch gear down, with investors staying on sidelines till election results. Post-election, market will react positively to strong mandate irrespective of which political party (PML-N or PTI) takes the lead
  • If we consider the last five elections, the domestic bourse has generated an average of 31% return during the first year of the government. This analysis includes 2008 which generated negative returns of 59% attributable to the global financial crisis,” according to the investment strategy report
  • Reeling on political crisis (further intensified by the arrest of Nawaz Sharif and his daughter), market opened the week on a negative note
  • Steel and cements garnered investors’ interest, as the respective sector increased retail prices passing on rupee depreciation impact
  • Trading activity at the bourse substantially improved during the week, with avg. daily turnover increasing to 219.46mn shares (up 67.92%WoW)
  • Current account deficit for FY18 reached record levels of US$18.0bn, reflecting a growth of 42.6%YoY from US$12.6bn in FY17, while GoP financed the external imbalance through US$11.4bn borrowings
  • Rupee further lost 5.4% against Greenback on Monday, with PKR/US$ parity closing the week at PkR128.5
  • Total FX reserves declined by US$402mn, ending at US$15.7bn while central bank reserves plunged 4.4%WoW to record at US$9.1bn (implying import cover of 1.9 months)
  • SBP withdrew advance payment facility for importers and imposed 100% cash margin requirement on non-essential items
  • FBR has allowed sales tax adjustment paid at customs clearance stage by steel melters on import of raw materials including various categories of remeltable iron and steel scrap

Following are few BUY recommendations:

Allied Bank Ltd (ABL) – BUY 
Current Price: PKR 105.98
Target Price: PKR 125.5

Attock Cement Ltd (ACPL) – BUY 
Current Price: PKR 135.29
Target Price: PKR 195.4

Askari Bank Ltd (AKBL) – BUY 
Current Price: PKR 23.68
Target Price: PKR 28.2

Attock Petroleum (APL) – BUY 
Current Price: PKR 550
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 62.35
Target Price: PKR 128

Cherat Cement (CHCC) – BUY 
Current Price: PKR 87.59
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 102.83
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 316.54
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 33.48
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 21.37
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 36.12
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 19.11
Target Price: PKR 36

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 170.71
Target Price: PKR 248

Honda Atlas Cars (Pak) Ltd. (HCAR) – BUY 
Current Price: PKR 287.48
Target Price: PKR 671.6

HUBCO (HUBC) – BUY 
Current Price: PKR 91.01
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,319.60
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 53.91
Target Price: PKR 65

Kohat Cement Company (KOHC) – BUY
Current Price: PKR 114.77
Target Price: PKR 169.4

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY
Current Price: PKR 12.83
Target Price: PKR 15.9

Lucky Cement (LUCK) – BUY 
Current Price: PKR 506.56
Target Price: PKR 827

Mari Petroleum (MARI) – BUY 
Current Price: PKR   1460.40
Target Price: PKR 2130

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   208.28
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 46.04
Target Price: PKR 107

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1098.47
Target Price: PKR 1604

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 48.96
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 49.07
Target Price: PKR 69

Nishat Mills (NML) – BUY 
Current Price: PKR 136.87
Target Price: PKR 174

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 29.00
Target Price: PKR 39.1

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 148.57
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 32.48
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 44.32
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 207.74
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 356.25
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 294.48
Target Price: PKR 392

Searle Company Ltd. (SEARL) – BUY 
Current Price: PKR 300.43
Target Price: PKR 505

Sui Northern Gas Pipeline Ltd. (SNGP) – BUY 
Current Price: PKR 90.84
Target Price: PKR 163.1

United Bank Limited (UBL) – BUY 
Current Price: PKR 177.16
Target Price: PKR 238

Thank you very much for reading this article.

NOTE: The information posted in this blog /forum (http://www.karachistockexchange.org/) is based on current affairs & investors point of view. There may be discrepancy in the ground realities. The information given in this blog /forum (http://www.karachistockexchange.org/) is as of the date of this post and there can be no assurance that future results or events will be consistent with this information. This post is provided for assistance only and is not intended to be and must not alone be taken as the basis for any investment decision. The user assumes the entire risk of any use made of this information. Each viewer of this post should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this post (including the merits and risks involved), and should consult his or her own advisors to determine the merits and risks of such investment. This blog /forum (http://www.karachistockexchange.org/)  or any of its affiliates shall not be in any way responsible for any loss or damage that may be arise to any person from any inadvertent error in the information contained in this post.

Written by: Rana Khuram

Pakistan Stock Exchange (PSX) Weekly Analysis 15 July, 2018

BUY recommendations are:  ABL, ACPL, AKBL, APL, ASTL, CHCC, DGKC, ENGRO, FATIMA, FCCL, FFBL, GWLC, HBL, HCAR, HUBC, INDU, KAPCO, KOHC, LOTCHEM, LUCK, MARI, MCB, MLCF, MTL, NBP, NCL, NML, NPL, OGDC, PAEL, PIOC, PPL, PSMC, PSO, SEARL, SNGP and UBL.

Top gainers of last week were: UCAPM, KOHP, AMBL, PPVC, FCIBL, SBL, SERF, DWSM, TSBL and RUBY.

Top losers of last week were: FNBM, DAAG, OML, MUBT, EPCLR, SFAT, SASML, POML, LPGL and AABS.

Top Volume Leaders of last week:  BOP, EPCLR, KEL, FABL, EPCL, PTC, FFL, UBL, AKBL and UNITY.

The Pakistan Stock Exchange (PSX) market index had a rough start but better ending. KSE-100 index closed at 40,271pts by losing just 13 points or 0.03%. While KSE-30 index has closed on 19,865 by gaining 91 points.

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


  • The State Bank of Pakistan on Saturday raised its interest rate by a sharp 100 basis points to 7.5 per cent, the biggest push in 10 years, and flagged concerns about economic uncertainties, which remain the key factor for policy tightening this year
  • An analyst from Elixir Securities said that the banks would continue to remain in limelight owing to expected interest rate hike
  • In comparison to the previous week, average daily volume increased 18% to 131 million, while average daily traded value grew by 41% to $49.3 million
  • Monday kicked off on a bearish note, as the market remained gloomy due to the Supreme Court’s verdict in the Avenfield apartment case against former Prime Minister Nawaz Sharif and Maryam Nawaz
  • Pakistan Army’s press conference regarding holding the elections on time also contributed to stability at the stock market
  • In terms of sectors, positive contribution came from banks (up 417 points), fertilizers (40 points) and chemicals (20 points). On the other hand, sectors that remained under pressure were led by cements (down 137 points) as coal prices touched $109/ton, food and personal care products (76 points), and oil and gas marketing companies (55 points)
  • Foreigners continued to remain net sellers for the 10th successive week, offloading stocks worth $26.6 million due to the uncertain political and economic climate
  • On the local front, mutual funds also remained net sellers of $9.5 million
  • State Bank of Pakistan released its 3QFY18 report, urea sales inched up 22% in June, FIA sought Summit Bank’s equity details from SBP and SECP, fiscal deficit increased to 4.3% of GDP in July-Marc period and trade deficit hit an all-time high of $37.67 billion

Following are few BUY recommendations:

Allied Bank Ltd (ABL) – BUY 
Current Price: PKR 104.93
Target Price: PKR 125.5

Attock Cement Ltd (ACPL) – BUY 
Current Price: PKR 120.99
Target Price: PKR 195.4

Askari Bank Ltd (AKBL) – BUY 
Current Price: PKR 22.55
Target Price: PKR 28.2

Attock Petroleum (APL) – BUY 
Current Price: PKR 559.75
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 57.26
Target Price: PKR 128

Cherat Cement (CHCC) – BUY 
Current Price: PKR 84.77
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 86.25
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 314.22
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 32.42
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 20.22
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 36.40
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 19.38
Target Price: PKR 58

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 167.94
Target Price: PKR 248

Honda Atlas Cars (Pak) Ltd. (HCAR) – BUY 
Current Price: PKR 282.46
Target Price: PKR 671.6

HUBCO (HUBC) – BUY 
Current Price: PKR 89.74
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,321.79
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 54.03
Target Price: PKR 65

Kohat Cement Company (KOHC) – BUY
Current Price: PKR 105.45
Target Price: PKR 169.4

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY
Current Price: PKR 11.22
Target Price: PKR 15.9

Lucky Cement (LUCK) – BUY 
Current Price: PKR 482.75
Target Price: PKR 827

Mari Petroleum (MARI) – BUY 
Current Price: PKR   1433.53
Target Price: PKR 2130

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   204.02
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 41.98
Target Price: PKR 107

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1050.42
Target Price: PKR 1604

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 50.58
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 46.22
Target Price: PKR 69

Nishat Mills (NML) – BUY 
Current Price: PKR 132.25
Target Price: PKR 174

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 28.00
Target Price: PKR 39.1

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 149.03
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 33.05
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 41.65
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 207.48
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 363.20
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 300.42
Target Price: PKR 392

Searle Company Ltd. (SEARL) – BUY 
Current Price: PKR 301.74
Target Price: PKR 505

Sui Northern Gas Pipeline Ltd. (SNGP) – BUY 
Current Price: PKR 85.53
Target Price: PKR 163.1

United Bank Limited (UBL) – BUY 
Current Price: PKR 160.19
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 7 July, 2018

BUY recommendations are:  ABL, ACPL, AKBL, APL, ASTL, CHCC, DGKC, ENGRO, FATIMA, FCCL, FFBL, GWLC, HBL, HCAR, HUBC, INDU, KAPCO, KOHC, LOTCHEM, LUCK, MARI, MCB, MLCF, MTL, NBP, NCL, NML, NPL, OGDC, PAEL, PIOC, PPL, PSMC, PSO, SEARL, SNGP and UBL.

Top gainers of last week were: KAPCO, NBP, EFERT, MCB, and BAFL.

Top losers of last week were: NML, EFOODS, MLCF, CHCC, and ASTL.

Top Volume Leaders of last week:  KEL, PAEL, UNITY, BOP and TRG.

The Pakistan Stock Exchange (PSX) market index was volatile, During a week where accountability court reserved its verdict on Avenfield reference case and finally ended with severe punishments & hefty fines on Nawaz and family, investors chose to remain on the sidelines with volumes sliding down by 39.1%WoW to 110.65mn shares, while the benchmark KSE-100 index closed at 40,284pts on Friday, down 3.88% WoW. While KSE-30 index has closed on 19,774 by losing 795 points or 3.87%.

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


  • Concentrated interest was witnessed in K-Electric (KEL) as the regulator announced revised tariff, albeit giving a meagre PkR0.047/KwH raise (under O&M expenses) over the previous one, where the scrip gathered volumes of 79.37mn shares
  • Extension in tax amnesty scheme till Jul 31’18, with latest reports claiming collection of PkR100bn so far
  • China reportedly lending US$1bn to support Pakistan’s forex reserves, with SBP reserves reported at US$9.79bn
  • GoP raising MS and HSD prices by PkR7.54/14/liter to PkR99.50/119.31/liter
  • Fitch warning gov’t authorities about the deteriorating economic situation, specifically forex reserves, and revising growth assumption for FY19 to 5.0% from 5.5% previously
  • Inflation for Jun’18 spiking up to 5.2%YoY, averaging at 3.92%YoY for FY18


Following are few BUY recommendations:

Allied Bank Ltd (ABL) – BUY 
Current Price: PKR 98
Target Price: PKR 125.5

Attock Cement Ltd (ACPL) – BUY 
Current Price: PKR 124.28
Target Price: PKR 195.4

Askari Bank Ltd (AKBL) – BUY 
Current Price: PKR 21.42
Target Price: PKR 28.2

Attock Petroleum (APL) – BUY 
Current Price: PKR 559.88
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 61.16
Target Price: PKR 128

Cherat Cement (CHCC) – BUY 
Current Price: PKR 85.82
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 108.62
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 307.26
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 31.41
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 22.44
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 36.17
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 19.80
Target Price: PKR 58

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 160.77
Target Price: PKR 248

Honda Atlas Cars (Pak) Ltd. (HCAR) – BUY 
Current Price: PKR 300.75
Target Price: PKR 671.6

HUBCO (HUBC) – BUY 
Current Price: PKR 88.96
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,335.69
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 54.56
Target Price: PKR 65

Kohat Cement Company (KOHC) – BUY
Current Price: PKR 110.76
Target Price: PKR 169.4

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY
Current Price: PKR 11.79
Target Price: PKR 15.9

Lucky Cement (LUCK) – BUY 
Current Price: PKR 484.30
Target Price: PKR 827

Mari Petroleum (MARI) – BUY 
Current Price: PKR   1452.41
Target Price: PKR 2130

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   195.53
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 46.66
Target Price: PKR 107

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1106.13
Target Price: PKR 1604

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 47.21
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 46.68
Target Price: PKR 69

Nishat Mills (NML) – BUY 
Current Price: PKR 131.67
Target Price: PKR 174

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 28.25
Target Price: PKR 39.1

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 148.10
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 34.26
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 43.79
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 205.08
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 378.65
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 304.71
Target Price: PKR 392

Searle Company Ltd. (SEARL) – BUY 
Current Price: PKR 310.44
Target Price: PKR 505

Sui Northern Gas Pipeline Ltd. (SNGP) – BUY 
Current Price: PKR 90.79
Target Price: PKR 163.1

United Bank Limited (UBL) – BUY 
Current Price: PKR 161.33
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 1 July, 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: HASCOL, KEL, ASTL, ABL and INDU.

Top losers of last week were: NML, PMSC, APL, KAPCO, and CHCC.

Top Volume Leaders of last week: POWER, KEL, BOP, PAEL and TRG.

The Pakistan Stock Exchange (PSX) market index staged recovery on emerging clarity over Pakistan’s status in the FATF’s watch-list (being placed only in grey list, later confirmed by FO). KSE-100 index has closed on 41,911 by gaining 274 points or 0.66%. While KSE-30 index has closed on 20,569 by gaining 79 points or 0.39%.

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


  • GoP notifying increase in profit margins of Oil Marketing Companies (OMCs) and dealers for HSD (+PkR0.26/liter) and MoGAS (+0.09/liter)
  • Government also increased the fuel (Petrol/Diesel etc.) prices
  • GoP reportedly raising PkR36bn in tax revenue under the amnesty program for undeclared local and foreign assets
  • Gas utilities demanding an increase in their average prescribed prices for FY19 by PkR357/109/mmbtu (SNGP/SSGC) based on their revenue requirements, however, consumer gas prices will officially be hiked post gov’t notification
  • Pakistan’s foreign exchange reserves falling 3.30%WoW to US$16.243bn during the week ended Jun 22’18


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 103
Target Price: PKR 122

Attock Cement (ACPL) – BUY 
Current Price: PKR 134.48
Target Price: PKR 261

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 48.73
Target Price: PKR 83

Attock Petroleum (APL) – BUY 
Current Price: PKR 589.99
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 70.55
Target Price: PKR 128

Cherat Cement (CHCC) – BUY 
Current Price: PKR 97.23
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 114.49
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 313.86
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 32.40
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 22.85
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 38.60
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 20.92
Target Price: PKR 58

General Tyre & Rubber (GTYR) – BUY 
Current Price: PKR 166.20
Target Price: PKR 231

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 313.76
Target Price: PKR 372

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 166.44
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 316.39
Target Price: PKR 707

Habib Metro (HMB) – BUY 
Current Price: PKR 43.35
Target Price: PKR 50

Hi-Tech Lubricant (HTL) – BUY 
Current Price: PKR 101.32
Target Price: PKR 116

HUBCO (HUBC) – BUY 
Current Price: PKR 92.16
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,421.46
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 53.91
Target Price: PKR 65

Kohat Cement (KOHC) – BUY
Current Price: PKR 123.07
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 19.21
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 507.93
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,506
Target Price: PKR 2,040 

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   197.77
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 50.74
Target Price: PKR 107

National Foods (NATF) – BUY 
Current Price: PKR 318
Target Price: PKR 413

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 47.37
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 47.48
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 28.14
Target Price: PKR 50

Nishat Mills (NML) – BUY 
Current Price: PKR 140.92
Target Price: PKR 174

Nishat Power (NPL) – BUY 
Current Price: PKR 29.64
Target Price: PKR 51

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 155.62
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 46.86
Target Price: PKR 109

Pakgen Power (PKGP) – BUY 
Current Price: PKR 19.28
Target Price: PKR 34

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 671.79
Target Price: PKR 714

Power Cement (POWER) – BUY 
Current Price: PKR 8.35
Target Price: PKR 16

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 214.90
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 393.38
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 318.31
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 168.98
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