Pakistan Stock Exchange (PSX) Weekly Analysis 30 September, 2018

BUY recommendations are:  ABL, ACPL, AKBL, APL, ASTL, BAFL, DGKC, EFERT, ENGRO, FATIMA, FFBL, FFC, GWLC, HASCOL, HBL, HCAR, HUBCO, INDU, KAPCO, KOHC, LOTCHEM, LUCK, MCB, MLCF, MARI, NBP, NCL, NCPL, NML, NPL, OGDC, PAEL, PIOC, POL, PPL, PSMC, PSO, SEARL, SNGPL and UBL.

Top gainers of last week were: PIOC, HBL, POL, PSMC, and NBP.

Top losers of last week were: ASTL, INDU, APL, DGKC, and MLCF.

Top Volume Leaders of last week:  UNITY, DCR, TRG, KEL, and LOTCHEM.

The Pakistan Stock Exchange (PSX) market index was 0.6%WoW lower because of lack of coherent policy direction to address the macro-economic woes continued to weigh on market performance. KSE-100 index closed on 40,999 by losing 321 points or 0.6 percent, while KSE-30 index closed on 19,918 by losing 212 points.

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


  • State Bank of Pakistan has increased interest rate by 1 percent from 7.5 to 8.5 percent in Monetary Policy
  • Foreigners continued to offload their stakes in domestic equities, with net outflow of US$9.43mn during the week
  • NEPRA’s proposal to increase the electricity tariffs (which ECC later deferred until next week) dampened the market sentiment
  • Average daily trading volume slumped 19.9%WoW to 124mn shares during the week
  • FX reserves of the SBP continued to plunge to reach at US$9.04bn (down 3.1%WoW) - a level last seen before US$2bn was loaned out by China
  • Pakistan and Russia signed a ‘memorandum of understanding’ on implementing US$10bn offshore gas pipeline project
  • The government of Saudi Arabia signed grant agreement with Pakistan to finance three infrastructure and energy projects under the umbrella of CPEC
  • International ratings agency Fitch estimated a slowdown in Pakistan’s GDP growth to 4.7%YoY in FY19 owing to external imbalance and monetary tightening
  • SBP highlighted that the factors such as external sector pressures, fiscal vulnerabilities, buildup of price pressure and volatile commodity market pose potential risk to financial stability
  • Key results during the next week include LOADS, BYCO, NCL and SEARL

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 101.92
Target Price: PKR 134.9

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 147.96
Target Price: PKR 167.6

Attock Petroleum (APL) – BUY 
Current Price: PKR 443.85
Target Price: PKR 724.84

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 24.53
Target Price: PKR 29.2

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 64.95
Target Price: PKR 128

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 49.64
Target Price: PKR 69.6

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 102.41
Target Price: PKR 143.1

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 75.49
Target Price: PKR 90.3

Engro Corporation (ENGRO) – BUY 
Current Price: PKR 311.63
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 37.41
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 37.21
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 97.64
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 19.12
Target Price: PKR 36

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 272.39
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 151.37
Target Price: PKR 248

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 254.71
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 87.47
Target Price: PKR 142.70

Indus Motors (INDU) – BUY 
Current Price: PKR 1,398.65
Target Price: PKR 2,069

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 56.58
Target Price: PKR 61.7

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 125.14
Target Price: PKR 152.5

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 13.49
Target Price: PKR 17.1

Lucky Cement (LUCK) – BUY 
Current Price: PKR 512.94
Target Price: PKR 827

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   201.21
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 47.10
Target Price: PKR 107

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,558.33
Target Price: PKR 1,959.7

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 51.94
Target Price: PKR 57.74

Nishat Chunian Ltd. (NCL) – BUY 
Current Price: PKR 51.16
Target Price: PKR 57.15

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 24.66
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 140.59
Target Price: PKR 174

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 26.20
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 152.99
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 33.99
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 43.46
Target Price: PKR 70

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 549.18
Target Price: PKR 676.29

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 213.40
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 309.82
Target Price: PKR 395

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 318.84
Target Price: PKR 399.08

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 315.93
Target Price: PKR 505

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 89.12
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 154
Target Price: PKR 210

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 20 September, 2018

BUY recommendations are:  ABL, ACPL, AKBL, APL, ASTL, BAFL, DGKC, EFERT, FATIMA, FFBL, FFC, GWLC, HBL, HCAR, HUBCO, INDU, KAPCO, KOHC, LOTCHEM, LUCK, MCB, MLCF, MARI, NBP, NCL, NCPL, NML, NPL, OGDC, PAEL, PIOC, PPL, PSMC, PSO, SEARL, SNGPL and UBL.

Top gainers of last week were: FEM, HAEL, SARC, JATM, and JOPP.

Top losers of last week were: DKTM, APL, POL, ATRL, and SFAT.

Top Volume Leaders of last week: LOTCHEM, KEL, UNITY, DOL and SMBL.

The Pakistan Stock Exchange (PSX) market index turned green during the week with index gaining 400points, up by 0.98% WoW. Much of the gain came after the announcement of Mini Budget by the new govt. where index gained 718pts in a single day. KSE-100 index closed on 41,320 by gaining 400 points or 1.0 percent.

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


  • The Islamabad High Court suspended the prison sentences handed to former prime minister Nawaz Sharif, his daughter Maryam Nawaz and son‐in‐law Mohammad Safdar in the Avenfield corruption reference
  • Much of the index gain was contributed by automobile assemblers and automobile parts & accessories (148pts) as the select stocks (HCAR +5%; PSMC +5%) grabbed investors’ attention due to removal of ban on non‐tax filers from buying motor vehicles
  • Pharmaceutical sector helped the index (+83pts) to remain in green due to relief provided by the Mini Budget announced by Finance Minister on the import of medical equipment
  • Foreigners sold US$12.6mn worth of shares during the week vs. net selling of US$26.1mn last week
  • On local front, insurance companies and mutual funds were net buyers amounting to US$4.1mn and US$4.1mn, respectively
  • Kohinoor Textile Mills (KATM) announced its 4QFY18 result posting EPS of Rs3.60 up 112% YoY
  • Gul Ahmed Textiles Mills (GATM) disclosed its 4QFY18 result, announcing EPS of Rs2.37 up 64% YoY vs. EPS of Rs1.73 in the similar period last year
  • Mughal Iron & Steels Industries (MUGHAL) posted its 4QFY18 result with EPS of Rs1.36 up 30% YoY.
  • Unity Foods (UNITY) announced its FY18 result posting EPS of Rs0.72. The company posted sales of Rs2.78bn and a gross margin of ~9%. The company also announced a dividend of Rs0.5/share
  • Shield Corporation’s (SCL) BoDs approved an investment of Rs4mn out of total capital of Rs40mn in a Private Limited Company to harness demand for health & hygiene products in rural areas. Reckitt Benckiser Pakistan will be one of the shareholders


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 100
Target Price: PKR 134.9

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 152.17
Target Price: PKR 167.6

Attock Petroleum (APL) – BUY 
Current Price: PKR 470.64
Target Price: PKR 724.84

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 23.86
Target Price: PKR 29.2

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 71.36
Target Price: PKR 128

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 50
Target Price: PKR 69.6

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 107.07
Target Price: PKR 143.1

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 76.19
Target Price: PKR 90.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 37.92
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 37.90
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 97.17
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 19.90
Target Price: PKR 36

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 144.67
Target Price: PKR 248

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 291.03
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 91.69
Target Price: PKR 142.70

Indus Motors (INDU) – BUY 
Current Price: PKR 1,492.54
Target Price: PKR 2,069

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 58.72
Target Price: PKR 61.7

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 130.18
Target Price: PKR 152.5

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 14.51
Target Price: PKR 17.1

Lucky Cement (LUCK) – BUY 
Current Price: PKR 511.32
Target Price: PKR 827

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   199.80
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 49.24
Target Price: PKR 107

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,510.83
Target Price: PKR 1,959.7

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 50.92
Target Price: PKR 74

Nishat Chunian Ltd. (NCL) – BUY 
Current Price: PKR 51.53
Target Price: PKR 57.15

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 23.70
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 144.90
Target Price: PKR 174

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 26.06
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 152.77
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 33.76
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 42.11
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 211.50
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 303.38
Target Price: PKR 395

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 331.14
Target Price: PKR 399.08

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 328.32
Target Price: PKR 505

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 94.89
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 154.10
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

Pakistan Stock Exchange (PSX) Weekly Analysis 16 September, 2018

BUY recommendations are:  ABL, ACPL, AKBL, APL, ASTL, BAFL, DGKC, EFERT, FATIMA, FFBL, FFC, GWLC, HBL, HCAR, HUBCO, INDU, KAPCO, KOHC, LOTCHEM, LUCK, MCB, MLCF, MARI, NBP, NCL, NCPL, NML, NPL, OGDC, PAEL, PIOC, PPL, PSMC, PSO, SEARL, SNGPL and UBL.

Top gainers of last week were: FATIMA, CHCC, NML, NCL and PIOC.

Top losers of last week were: BAFL, MLCF, ABL, HBL, and PSMC.

Top Volume Leaders of last week: UNITY, MLCF, DOL, FFL, and TRG.

The Pakistan Stock Exchange (PSX) market index bears took note of concerns on the economy, resolving the crucial issue of twin deficits and uncertainty over gas price hike KSE-100 index closed on 40,920 by gaining 65 points. While KSE-30 index closed on 20,024 by losing 74 points.

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


  • The GoP's Cotton Crop Assessment Committee estimates crop output will be 10.8m bales in 2018 vs. the 14.4m bales target set in April due to decreased sowing area amid shortage of water
  • The PTI-led coalition government looks set to reverse the tax concessions of the previous government
  • Pakistan's economic managers on Thursday briefed the IMF team from Washington, DC, on video conference about the proposed mini-budget and partial withdrawal of tax incentives, imposition of regulatory duties on luxury items and slashing down development outlay
  • The PTI government on Thursday announced that it would speed up implementation of the $62 billion China-Pakistan Economic Corridor, open it to other countries and hire international consultants for financial modelling of future projects
  • Oil and Gas sector was up 1.8% WoW tracing upward movement in international oil prices followed by Chemicals (+1.4%WoW) on improvement in margins
  • Banks under influence from foreign selling of USD12.1mn lost 2.0% of value while cements closed in flat. Average Volume remained flat WoW at 138.9mn shares whereas average traded value stood at USD46.6mn as against USD39.2mn in the previous week

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 100.20
Target Price: PKR 134.9

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 148.15
Target Price: PKR 167.6

Attock Petroleum (APL) – BUY 
Current Price: PKR 603.92
Target Price: PKR 724.84

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 23.86
Target Price: PKR 29.2

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 69.67
Target Price: PKR 128

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 49.08
Target Price: PKR 69.6

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 104.63
Target Price: PKR 143.1

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 77.05
Target Price: PKR 90.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 37.15
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 40.26
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 96.96
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 19.68
Target Price: PKR 36

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 144.69
Target Price: PKR 248

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 277.88
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 90.86
Target Price: PKR 142.70

Indus Motors (INDU) – BUY 
Current Price: PKR 1,478.08
Target Price: PKR 2,069

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 58.08
Target Price: PKR 61.7

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 122.61
Target Price: PKR 152.5

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 14.44
Target Price: PKR 17.1

Lucky Cement (LUCK) – BUY 
Current Price: PKR 504.64
Target Price: PKR 827

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   199.91
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 49.18
Target Price: PKR 107

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,521.14
Target Price: PKR 1,959.7

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 51.14
Target Price: PKR 74

Nishat Chunian Ltd. (NCL) – BUY 
Current Price: PKR 50.03
Target Price: PKR 57.15

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 23.88
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 141.59
Target Price: PKR 174

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 26.38
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 154.08
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 33.99
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 43.14
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 208.88
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 268.98
Target Price: PKR 395

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 329.85
Target Price: PKR 399.08

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 315.04
Target Price: PKR 505.0

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 93.09
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 154.61
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 9 September, 2018

BUY recommendations are:  ABL, ACPL, AKBL, APL, ASTL, BAFL, DGKC, EFERT, FATIMA, FFC, GWLC, HBL, HCAR, HUBCO, INDU, KAPCO, KOHC, LOTCHEM, LUCK, MCB, MLCF, MARI, NBP, NCL, NCPL, NML, NPL, OGDC, PAEL, PIOC, PPL, PSMC, PSO, SEARL, SNGPL and UBL.

Top gainers of last week were: COLG, OLPL, PICT, FHAM, and KAPCO.

Top losers of last week were: UNITY, PIOC, ABOT, DGKC, and CHCC.

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

The Pakistan Stock Exchange (PSX) market index began on a negative note this week, amid cut in military aid by United States worth USD 300mn. Furthermore news of potential hike in domestic and industrial gas prices by an average of 46%, tagged with increase in electricity price by PKR 2/unit had an adverse impact on sectors such as Cement, Steel, Textile, Fertilizer and Chemical. KSE-100 index closed on 40,855 by losing 887 points or 2.1 percent. While KSE-30 index closed on 20,098 by losing 393 points or 1.91 percent.

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


  • Fall in SBP reserves by USD 342mn and circular debt reaching PKR 1.2tn further weakened the investor sentiment
  • US Secretary of State Michael Pompeo stating that his visit to Islamabad led to an agreement that it’s time for the United States and Pakistan to deliver on their commitments
  • The central bank planning to auction PkR5.15trn worth of Market Treasury Bills and Pakistan Investment Bonds during Sep-Nov’18
  • Foreign selling continued this week clocking-in at USD 9.9mn compared to a net sell of USD 10.0mn last week. Selling was witnessed in Commercial Banks (USD 5.8mn) and Cement (USD 3.0mn).
  • Prime Minister Imran Khan approving increase in gas prices up to 46% as proposed by OGRA, while ordering steps to control annual gas theft of PkR50bn
  • Petrol price slashed by Rs 2.41, diesel’s by Rs 6.37
  • Inflation surges to 5.8pc
  • Dutch company plans steel plant in Karachi
  • Byco issues Rs3.12bn worth of sukuk
  • Suzuki Mehran’s 30-year journey to end next April
  • The president on the advice of the PM reconstituting the Council of Common Interests (CCI), and constituting the Cabinet Committee on China-Pakistan Economic Corridor (CCoCPEC)
  • A number of crucial, time sensitive decisions for the nascent Government where clarity is awaited (headway on IMF negotiations vital)
  • Growing risk of a cyclical downturn in consumption led demand where monetary tightening and high fuel prices make for a terse spending backdrop
  • More volatility is expected as dulling volumes (average volumes at 138.7mn shares) give rise to large, incoherent moves in thinly traded scrips


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 105.4
Target Price: PKR 134.9

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 149.1
Target Price: PKR 167.6

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 24
Target Price: PKR 29.2

Attock Petroleum (APL) – BUY 
Current Price: PKR 599.81
Target Price: PKR 724.84

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 71.95
Target Price: PKR 128

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 56.2
Target Price: PKR 69.6

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 102.3
Target Price: PKR 143.1

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 76.9
Target Price: PKR 90.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 32.81
Target Price: PKR 45.1

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 96.7
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 19.44
Target Price: PKR 36

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 151.89
Target Price: PKR 248

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 277.6
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 89.63
Target Price: PKR 142.70

Indus Motors (INDU) – BUY 
Current Price: PKR 1,491.25
Target Price: PKR 2,069

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 57.9
Target Price: PKR 61.7

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 118.2
Target Price: PKR 152.5

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 13.3
Target Price: PKR 17.1

Lucky Cement (LUCK) – BUY 
Current Price: PKR 512.04
Target Price: PKR 827

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   201.35
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 52.61
Target Price: PKR 107

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,500.1
Target Price: PKR 1,959.7

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 51.27
Target Price: PKR 74

Nishat Chunian Ltd. (NCL) – BUY 
Current Price: PKR 47.23
Target Price: PKR 57.15

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 23.6
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 132.46
Target Price: PKR 174

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 26.0
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 150.77
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 33.99
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 40.99
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 203.90
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 278.10
Target Price: PKR 395

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 328.33
Target Price: PKR 399.08

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 307.8
Target Price: PKR 505.0

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 94.7
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 157.91
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

Companies Results (Mar - Jun 2018)

Kot Addu Power Company Limited (KAPCO)
Profit: 4005.138 million
EPS: 4.55
Div/Bonus: 48%

Habib Arkady (HAL)
Profit: 41.20 million
EPS: 1.03
Div/Bonus: 25%

Ghani Global Glass Limited (GGGL)
Loss: 43 million
EPS: -0.80
Div/Bonus: NIL

Ghani Gases Limited (GGL)
Profit: 52.907 million
EPS: 0.79
Div/Bonus: 5%

Pakistan Reinsurance (PAKRI)
Profit: 329.922 million
EPS: 0.91
Div/Bonus: NIL

Dynea Pakistan Limited (DYNO)
Profit: 45.754 million
EPS: 0.37
Div/Bonus: 130%


National Bank Of Pakistan Limited (NBP)
Profit: 7597.751 million
EPS: 3.57
Div/Bonus: NIL


Mari Gas Company Limited (MARI)
Profit: 4589.708 million
EPS: 41.63
Div/Bonus: 25%, 10%B

Cherat Packaging Limited (CPPL)
Proft: 252.015 million
EPS: 7.50
Div/Bonus: 50%, 15%B


Meezan Bank (MEBL)
Proft: 1062.902 million
EPS: 2.08
Div/Bonus: 15%, 10%B

National Refinery Limited (NRL)
Proft: 201.541 million
EPS: 2.52
Div/Bonus: 100%

Attock Refinery Limited (ATRL)
Loss: 649.072 million
EPS: -7.61
Div/Bonus: 25%B

Attock Petroleum Limited (APL)
Profit: 1391.800 million
EPS: 16.78
Div/Bonus: 250%, 20%B


Pakistan State Oil (PSO)
Profit: 2236.518 million
EPS: 6.86
Div/Bonus: 50%, 20%B


Shell Pakistan (SHEL)
Profit: 247.412 million
EPS: 2.31
Div/Bonus: 70%

Pakistan Stock Exchange (PSX) Weekly Analysis 2 September, 2018

BUY recommendations are:  ASTL, FATIMA, GWLC, HBL, INDU, LUCK, MCB, MLCF, NBP, NML, OGDC, PAEL, PIOC, PPL, PSMC and UBL.

Top gainers of last week were: HASCOL, FFBL, NBP, BAFL, and APL.

Top losers of last week were: MLCF, CHCC, PIOC, LUCK, and FFC.

Top Volume Leaders of last week: EPCL, NRSL, AGL, STPL, and UNITY.

The Pakistan Stock Exchange (PSX) market index went downhill in four of the five trading sessions. KSE-100 index closed on 41,742 by losing 846 points or 1.99 percent. While KSE-30 index closed on 20,491 by losing 521 points.

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


  • Fearing gas price hike and its spillover effects on industries, investor sentiments had turned negative even before the ECC meeting
  • An inconclusive outcome with regards to fertilizer inventories, circular debt clearance and postponement of gas price hike led to further selling in the mainboard sectors, ramping the index down for rest of the week 
  • Volumes however improved 19.1%WoW during the outgoing week to daily average of 177.48mn shares
  • World Bank delegation emphasizing that Pakistan needs to focus on private sector policies for a longer time horizon to encourage private investors, while committing an indicative financing of US$11bn in CAS’ 2014-19
  • Moody’s identifying Pakistan as a country most vulnerable to US$ appreciation
  • Pakistan’s budget deficit widening to PkR2.26trn or 6.6% of GDP in FY18
  • Federal Cabinet setting up six committees to introduce reforms in different sectors and to carve out a new province from Punjab
  • Recent data from EAD showing that Pakistan has received US$439mn loans from various international lenders in Jul’18
  • Foreigners continued to offload their stake in domestic equities with net outflow of US$10.0mn in the outgoing week
  • Next ECC meeting (scheduled in the mid of week) in which pending decisions on key areas (i.e. gas pricing and circular debt) would impact market accordingly
  • A visit from US delegation led by Secretary of the State Mike Pompeo is of key strategic importance, where positive developments could improve investors’ confidence

Following are few BUY recommendations:

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

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 33.71
Target Price: PKR 45.1

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 20.64
Target Price: PKR 36

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 151.03
Target Price: PKR 248

Indus Motors (INDU) – BUY 
Current Price: PKR 1,513.21
Target Price: PKR 2,069

Lucky Cement (LUCK) – BUY 
Current Price: PKR 540.78
Target Price: PKR 827

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   201.23
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 52.29
Target Price: PKR 107

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 52.34
Target Price: PKR 74

Nishat Mills (NML) – BUY 
Current Price: PKR 135.45
Target Price: PKR 174

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 152.46
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 33.99
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 46.02
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 208.30
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 283.25
Target Price: PKR 620

United Bank Limited (UBL) – BUY 
Current Price: PKR 158.03
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