Pakistan Stock Exchange (PSX) Weekly Analysis 19 August, 2018

BUY recommendations are:  ABL, APL, ASTL, DGKC, FATIMA, FCCL, FFBL, GWLC, HBL, HUBC, INDU, KAPCO, LUCK, MCB, MLCF, NBP, NCL, NML, OGDC, PAEL, PIOC, PPL, PSMC, PSO, UBL.

Top gainers of last week were: APL, PSO, ABL, FFC, and EFOODS.

Top losers of last week were: PSMC, HBL, DGKC, GWLC, and PIOC.

Top Volume Leaders of last week: BOP, PAEL, UNITY, LOTCHEM, and WTL.

The Pakistan Stock Exchange (PSX) market index was volatile for most part of the week (KSE-100 index lost 881pts during first three sessions), market made decent recovery on the last trading day of the outgoing week (+486pts) to close at 42,447pts (down 0.92%WoW). KSE-100 index closed on 42,447 by losing 395 points or 0.92 percent. While KSE-30 index closed on 20,927 by losing 249 points.

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


  • Fitch Ratings raising concerns about Pakistan’s economic challenges and IMF program coupled with news regarding legal actions against cement companies and Mansha group, weighed on overall investor’s sentiment
  • Higher than expected payouts from Attock group of companies (APL, ATRL, POL & ACPL announced 20% bonus issue)
  • Average daily traded volumes at bourse also declined by 22.58%WoW to 161.22mn shares with 1) BOP (52.5mn shares), 2) PAEL (34.7mn shares), 3) UNITY (29.8mn shares), 4) LOTCHEM (28.1mn shares) and 5) WTL (27.3mn shares) leading the board
  • IMF ruled out the possibility that it would deny Pakistan a bailout package under US influence
  • Overseas Pakistani workers remitted US$1.93bn in Jul’19 compared to US$1.54bn received in Jul’17
  • PAMA released sales data for Jul’18, where car and light commercial vehicle (LCV) sales depicted 9%YoY growth to 21,344 units
  • PBS data showed that Pakistan’s trade deficit widened by US$3.19bn during Jul’18, where exports went up by 1.8%YoY while imports declined by 15% YoY
  • SBP revealed that Pakistan’s foreign debt and liabilities soared by 14%YoY to US$95.1bn in FY18
  • Foreigners remained net sellers during the week, with net outflows of US$6.55mn compared to US$38.63mn outflows in the preceding week
  • Smooth transition of National and Provincial assemblies with Imran Khan comfortably becoming 22nd Prime Minister of Pakistan will be key highlight of the upcoming week, strengthening investor’s sentiment 
  • Moreover, market will continue to take direction from the ongoing results season where major companies scheduled to announce financial results next week include FCCL, PKGS, DAWH, FABL and INDU

Following are few BUY recommendations:

Allied Bank Ltd (ABL) – BUY 
Current Price: PKR 106.73
Target Price: PKR 125.5

Attock Petroleum (APL) – BUY 
Current Price: PKR 606.17
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 77.46
Target Price: PKR 128

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 117.75
Target Price: PKR 194

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 34.32
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 25.62
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 40.17
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 21.49
Target Price: PKR 36

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 151.74
Target Price: PKR 248

HUBCO (HUBC) – BUY 
Current Price: PKR 96.39
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,515.97
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 58.08
Target Price: PKR 65

Lucky Cement (LUCK) – BUY 
Current Price: PKR 570.57
Target Price: PKR 827

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   201.77
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 58.28
Target Price: PKR 107

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 51.53
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 51.32
Target Price: PKR 69

Nishat Mills (NML) – BUY 
Current Price: PKR 136.66
Target Price: PKR 174

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 152.98
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 35.88
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 51.03
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 212.22
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 304.11
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 345.59
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 163.77
Target Price: PKR 238

Thank you very much for reading this article.

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

Written by: Rana Khuram

Pakistan Stock Exchange (PSX) Weekly Analysis 11 August, 2018

BUY recommendations are:  ABL, ACPL, AKBL, APL, ASTL, 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: INDU, MLCF, PIOC, LUCK and DGKC.

Top losers of last week were: PSMC, HASCOL, NBP, POL and ABL.

Top Volume Leaders of last week: LOTCHEM, PAEL, EPCL, FCCL and PIBTL.

The Pakistan Stock Exchange (PSX) market index volumes staggered, largely inconsistent with mid-earnings season activity receding 26.6%WoW to average 208.2mn shares/day. KSE-100 index closed on 42,842 by gaining 337 points or 0.7 percent. While KSE-30 index closed on 21,176 by gaining 164 points.

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


  • Pakistan plans to borrow more than $4 billion from the Saudi-backed Islamic Development Bank (IDB) as part of its attempts to restore dangerously low stocks of foreign currency, reported through a foreign business journal with the Jeddah-based bank yet to make a formal offer
  • Caretaker Prime Minister Justice Nasir-ul-Mulk has formally recommended August 13 (Monday) for the first session of the National Assembly in the summary sent to the President
  • A bipartisan group of 16 US senators urged the Trump administration to block the IMF from bailing out countries that have obtained loans from China under its infrastructure development plan mentioning Pakistan among countries that have accepted billions of dollars in loans from China 
  • Asad Umar, the likely finance minister has stated an aim, to separate economic matters from politics, vowing on Tuesday to give administrative independence to key government institutions and public sector enterprises, through the formation of a sovereign wealth fund, in a bid to turn around their fortune 
  • Earnings are expected to continue driving sentiment as index blue chips PSO, ENGRO, and APL announce results


Following are few BUY recommendations:

Allied Bank Ltd (ABL) – BUY 
Current Price: PKR 104.96
Target Price: PKR 125.5

Attock Cement Ltd (ACPL) – BUY 
Current Price: PKR 167.43
Target Price: PKR 195.4

Askari Bank Ltd (AKBL) – BUY 
Current Price: PKR 22.85
Target Price: PKR 28.2

Attock Petroleum (APL) – BUY 
Current Price: PKR 575.23
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 79.41
Target Price: PKR 128

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 124.33
Target Price: PKR 194

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 35
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 25.89
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 39.99
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 22.57
Target Price: PKR 36

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 160.95
Target Price: PKR 248

Honda Atlas Cars (Pak) Ltd. (HCAR) – BUY 
Current Price: PKR 290.49
Target Price: PKR 671.6

HUBCO (HUBC) – BUY 
Current Price: PKR 96.73
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,582.03
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 59.15
Target Price: PKR 65

Kohat Cement Company (KOHC) – BUY
Current Price: PKR 131.73
Target Price: PKR 169.4

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY
Current Price: PKR 14.46
Target Price: PKR 15.9

Lucky Cement (LUCK) – BUY 
Current Price: PKR 570.58
Target Price: PKR 827

Mari Petroleum (MARI) – BUY 
Current Price: PKR   1544.92
Target Price: PKR 2130

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   205.50
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 59.69
Target Price: PKR 107

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1202.97
Target Price: PKR 1604

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 52.47
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 53.75
Target Price: PKR 69

Nishat Mills (NML) – BUY 
Current Price: PKR 140.94
Target Price: PKR 174

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 29.19
Target Price: PKR 39.1

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 152.55
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 39.99
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 53.53
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 212.45
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 327.29
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 336.71
Target Price: PKR 392

Searle Company Ltd. (SEARL) – BUY 
Current Price: PKR 334
Target Price: PKR 505

Sui Northern Gas Pipeline Ltd. (SNGP) – BUY 
Current Price: PKR 105.40
Target Price: PKR 163.1

United Bank Limited (UBL) – BUY 
Current Price: PKR 163.78
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 5 August, 2018

BUY recommendations are:  ABL, ACPL, AKBL, APL, ASTL, 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: ASTL, KAPCO, NBP, MLCF, and FFBL.

Top losers of last week were: UBL, HBL, CHCC, MCB, and PIOC.

Top Volume Leaders of last week: DSIL, EPCL, WTL, PIBTL, and PAEL.

The Pakistan Stock Exchange (PSX) market index continuing with it’s last week positive momentum KSE-100 index gained another 770pts on first trading session of the week. However, US State Secretary Mike Pompeo's statement raising concerns regarding IMF program and dismal banking sector results overshadowed the election relief rally, with KSE-100 index closing at 42,505pts (down 0.7%WoW). KSE-100 index closed on 42,505 by losing 281 points. While KSE-30 index closed on 21,012 by losing 324 points.

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


  • Average daily traded volume during the week jumped 20.8%WoW to 283.7mn shares
  • Chinese influx of ~US$2.0bn and extension of US$4.5bn oil financing facility by IDA, helped ease off pressure on the currency parity where currency appreciated 3.6% during the week in the interbank market with the parity settling at PkR124/US$ 
  • Owing to ~US$2.0bn inflow from China, FX reserves held by the central bank surged to US$10.3bn (up 14.9%WoW) while reserves held by the commercial bank remained stable at US$6.7bn (marginally up by US$12mn)
  • Headline inflation surged to forty-five months high at 5.8%YoY, primarily driven by higher oil prices accompanied by elevated food index (3.5%YoY) and housing rent index (5.95%YoY)
  • During Multi-party conference, leaders of various political parties expressed grievances over the election results while voiced their intention to form the government with their own representatives
  • NEPRA determined Rs1.172/kWh reduction in power rates for consumers of K-Electric under its profit claw back mechanism for FY15
  • Market will continue to take direction from the ongoing results season where major companies scheduled to announce their financial results include EFERT, ABL, GSKCH and LOTCHEM


Following are few BUY recommendations:

Allied Bank Ltd (ABL) – BUY 
Current Price: PKR 106.50
Target Price: PKR 125.5

Attock Cement Ltd (ACPL) – BUY 
Current Price: PKR 147.89
Target Price: PKR 195.4

Askari Bank Ltd (AKBL) – BUY 
Current Price: PKR 23.08
Target Price: PKR 28.2

Attock Petroleum (APL) – BUY 
Current Price: PKR 555.91
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 78.61
Target Price: PKR 128

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 152.43
Target Price: PKR 194

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 34.96
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 24.67
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 39.58
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 22.80
Target Price: PKR 36

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 162.05
Target Price: PKR 248

Honda Atlas Cars (Pak) Ltd. (HCAR) – BUY 
Current Price: PKR 282.85
Target Price: PKR 671.6

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

Indus Motors (INDU) – BUY 
Current Price: PKR 1,409.71
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 59.17
Target Price: PKR 65

Kohat Cement Company (KOHC) – BUY
Current Price: PKR 124.16
Target Price: PKR 169.4

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY
Current Price: PKR 13.73
Target Price: PKR 15.9

Lucky Cement (LUCK) – BUY 
Current Price: PKR 532.50
Target Price: PKR 827

Mari Petroleum (MARI) – BUY 
Current Price: PKR   1479.27
Target Price: PKR 2130

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   204.10
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 54.48
Target Price: PKR 107

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1179.50
Target Price: PKR 1604

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 53.78
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 30.50
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 39.52
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 49.14
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 338
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 336.56
Target Price: PKR 392

Searle Company Ltd. (SEARL) – BUY 
Current Price: PKR 331
Target Price: PKR 505

Sui Northern Gas Pipeline Ltd. (SNGP) – BUY 
Current Price: PKR 97.49
Target Price: PKR 163.1

United Bank Limited (UBL) – BUY 
Current Price: PKR 165.24
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