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

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

Top gainers of last week were: KAPCO, GWLC, EFOODS, NML, and KEL.

Top losers of last week were: PSMC, NBP, FATIMA, POL, and UBL.

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

The Pakistan Stock Exchange (PSX) market index retracing lost ground following elevated sentiments from the "Davos in the Desert" US$6bn Saudi funding facility and expectations of additional bilateral assistance, weakened by sub-sequent earnings misses from index heavy Banks, the KSE-100 index closed at 40,556pts up 5.5%WoW. KSE-100 index closed on 40,556 by gaining 2126 points or 5.5 percent, while KSE-30 index closed on 19,586 by gaining 1137 points.

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


  • PM Imran Khan described the US$6bn bailout package as big relief for Pakistan and vowed to mediate between Saudi Arabia and Yemen to end their ongoing conflict
  • Positive outcome of PM Khan's second visit to Saudi Arabia has perpetuated the notion of further assistance from Malaysia (28th Oct) and China (2nd Nov) where the lack of material financial assistance could depress sentiment
  • FM Asad Umar constituted a seven-member core group to formulate a Memorandum of Economic and Financial Policies for discussion with the IMF aimed at getting financial assistance with the IMF delegation scheduled to visit Islamabad from Nov 7th-20th for discussion on MEFP with Pakistani authorities  
  • After deliberating in at least eight meetings, the government approved PkR1.20/KwH average increase in base tariff at a meeting of the ECC of the cabinet with a cumulative impact of about PkR124bn 
  • PM Imran Khan will pay his first official visit to China from Nov 2-5th at the invitation of the Chinese leadership inking a number of agreements, the Foreign Office announced
  • Global Oil prices dropped more than 1% on Friday, heading for a third weekly loss after Saudi Arabia warned of oversupply
  • Daily traded volumes jumped 51.1% WoW to average 301.0mn


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 101.96
Target Price: PKR 121

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 111.32
Target Price: PKR 139.7

Attock Petroleum (APL) – BUY 
Current Price: PKR 475.49
Target Price: PKR 530.3

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 24.05
Target Price: PKR 29.2

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 62
Target Price: PKR 92.0

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 50.08
Target Price: PKR 69.6

Cherat Cement Co. Ltd. (CHCC) – BUY 
Current Price: PKR 66.05
Target Price: PKR 96

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 94.87
Target Price: PKR 122

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 81.77
Target Price: PKR 90.3

Engro Corporation (ENGRO) – BUY 
Current Price: PKR 330.09
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 36.57
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 37.82
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 99.52
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 18.27
Target Price: PKR 36

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 288.70
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 131.78
Target Price: PKR 170

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 214.86
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 87.24
Target Price: PKR 136.9

Indus Motors (INDU) – BUY 
Current Price: PKR 1,325.48
Target Price: PKR 1,426.6

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 53.98
Target Price: PKR 61.7

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 97.52
Target Price: PKR 152.5

Lucky Cement (LUCK) – BUY 
Current Price: PKR 471.51
Target Price: PKR 605.8

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   191.41
Target Price: PKR 231.4

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 43.15
Target Price: PKR 56.6

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,431.02
Target Price: PKR 1,781.5

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1027.21
Target Price: PKR 1,255.1

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 48.79
Target Price: PKR 57.74

Nishat Chunian Ltd. (NCL) – BUY 
Current Price: PKR 54.88
Target Price: PKR 57.15

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 24.72
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 144.10
Target Price: PKR 167.5

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 26.50
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 157.74
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 31.20
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 47.67
Target Price: PKR 60

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 554.82
Target Price: PKR 657

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 189.19
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 229.18
Target Price: PKR 346

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 264.99
Target Price: PKR 277.5

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 257.72
Target Price: PKR 505.0

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 88.90
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 144.04
Target Price: PKR 173.9

Thank you very much for reading this article.

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

Written by: Rana Khuram

Pakistan Stock Exchange (PSX) Weekly Analysis 21 October, 2018

BUY recommendations are:  ABL, ACPL, APL, AKBL, ASTL, BAFL, CHCC, 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, UBL.

Top gainers of last week were: INDU, DGKC, FCCL, EFOODS, and MLCF.

Top losers of last week were: MCB, HBL, KAPCO, FFC, and FATIMA.

Top Volume Leaders of last week:  TRG, LOTCHEM, WTL, EPCL, and BOP.

The Pakistan Stock Exchange (PSX) market index staged a strong recovery in the last three sessions after losing 854 points in the first two trading sessions, as the investor’s regained confidence amid government guidance to address the external woes. KSE-100 index closed on 38,430 by gaining 912 points or 2.4 percent, while KSE-30 index closed on 18,449 by gaining 192 points.

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


  • Average daily volume traded improved by 13% WOW to 199 mn shares however most of it was concentrated in low-priced stocks as average traded value actually declined by 5.2% to USD49mn
  • State Bank of Pakistan foreign exchange reserves declined by 2.6% WoW (USD219mn) to USD8.1bn as at October 12, 2018. The decline came on the back of debt servicing and other official payments. Total liquid forex reserves held by the country stood at USD14.6bn
  • Government intent to rationalize the taxation regime for the capital market has been greeted with a great optimism, improving the market sentiment
  • Finance Minister Asad Umer announcing that the IMF team will visit Pakistan on Nov 07’18 to negotiate potential bailout
  • FBR notifying the regulatory duty on 570 imported items ranging from electronic items, woven fabrics, ceramic items, paper, bars/rods, and iron products
  • Federal cabinet delaying hike in consumer power tariff while announcing uninterrupted gas supply to five zero-rated export sectors
  • Credit rating agency, Moody’s, terming IMF financing facility as a credit positive for Pakistan, an imperative to address macroeconomic imbalance and restore confidence in the economy
  • SBP slashing estimates of GDP growth to 4.5-5% in FY19 (vs. GOP target of 6.2%) considering tough macroeconomic backdrop (i.e. monetary tightening & currency devaluation)
  • Key events to track are PM Imran Khan’s visit to Saudi Arabia (scheduled on Oct 23’18) and IMF team visit to Pakistan on Nov 07’18
  • Result season is in full swing with major players in Banking (NBP, ABL, MCB, & HBL) Cement (FCCL, BWCL, KOHC, & DGKC) Power (KAPCO & HUBC) & Auto sectors (PSMC & INDU) scheduled to announce their results next week

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 97
Target Price: PKR 134.9

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 111.32
Target Price: PKR 167.6

Attock Petroleum (APL) – BUY 
Current Price: PKR 447.93
Target Price: PKR 724.84

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 23.10
Target Price: PKR 29.2

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 59
Target Price: PKR 128

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 48
Target Price: PKR 69.6

Cherat Cement Co. Ltd. (CHCC) – BUY 
Current Price: PKR 60
Target Price: PKR 69.6

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 88
Target Price: PKR 122

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 76
Target Price: PKR 90.3

Engro Corporation (ENGRO) – BUY 
Current Price: PKR 301
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 36
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 35
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 90
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 17
Target Price: PKR 36

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 262.00
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 127
Target Price: PKR 248

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 196.20
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 82.56
Target Price: PKR 142.70

Indus Motors (INDU) – BUY 
Current Price: PKR 1,224
Target Price: PKR 1,864

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 55.19
Target Price: PKR 61.7

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 84.03
Target Price: PKR 152.5

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 16.22
Target Price: PKR 17.1

Lucky Cement (LUCK) – BUY 
Current Price: PKR 435
Target Price: PKR 636

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   179
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 40
Target Price: PKR 65

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,419.48
Target Price: PKR 1,959.7

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 49
Target Price: PKR 57.74

Nishat Chunian Ltd. (NCL) – BUY 
Current Price: PKR 51
Target Price: PKR 57.15

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 22.38
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 132
Target Price: PKR 169

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 24.52
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 148.63
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 25.41
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 44
Target Price: PKR 60

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 523.29
Target Price: PKR 676.29

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 177.50
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 238
Target Price: PKR 346

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 239
Target Price: PKR 399.08

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 246.92
Target Price: PKR 505

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 79.45
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 139
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 14 October, 2018

BUY recommendations are:  ABL, ACPL, APL, AKBL, ASTL, BAFL, CHCC, DGKC, EFOODS, 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, UBL.

Top gainers of last week were: KEL, ASTL, OGDC, PTC and FATIMA.

Top losers of last week were: PSMC, CHCC, PPL, MLCF, and INDU.

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

The Pakistan Stock Exchange (PSX) market index lost another 1,708 points because of fragile economic outlook and the ongoing foreign sell-off. KSE-100 index closed on 37,518 by losing 1,708 points or 4.36 percent, while KSE-30 index closed on 18,257 by losing 821 points.

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


  • Government of Pakistan formally announcing its intention to approach the IMF for a bailout package, with the latter demanding transparency over Pakistan’s external debts including those owed to China
  • ADB announcing US$7.1bn financial package for Pakistan spread over a three year period
  • SBP in its latest data revealing that country’s trade deficit has narrowed by 1.8%YoY to US$8.9bn in 1QFY19
  • Delegation of the Asia Pacific Group (APG) asking Pakistan to do more in order to get out of the grey list of FATF
  • PM Imran Khan launching ‘Naya Pakistan Housing Programme’ pilot project, aimed at building 5mn low-cost housing units across the country
  • Market will continue to take direction from the ongoing results season where major companies scheduled to announce their financial results next week include CHCC, EFOODS, EFERT, ENGRO, UBL, BAHL and MARI


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 95.73
Target Price: PKR 134.9

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 100.57
Target Price: PKR 167.6

Attock Petroleum (APL) – BUY 
Current Price: PKR 425.52
Target Price: PKR 724.84

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 21.62
Target Price: PKR 29.2

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 57.91
Target Price: PKR 128

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 47.51
Target Price: PKR 69.6

Cherat Cement Co. Ltd. (CHCC) – BUY 
Current Price: PKR 59.01
Target Price: PKR 69.6

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 81.45
Target Price: PKR 122

Engro Foods Limited (EFOODS) – BUY 
Current Price: PKR 72.40
Target Price: PKR 84.20

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 72.21
Target Price: PKR 90.3

Engro Corporation (ENGRO) – BUY 
Current Price: PKR 297
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 36.01
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 32.56
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 91.23
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 17.01
Target Price: PKR 36

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 256.11
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 131.35
Target Price: PKR 248

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 181.18
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 82.56
Target Price: PKR 142.70

Indus Motors (INDU) – BUY 
Current Price: PKR 1,048.36
Target Price: PKR 1,864

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 55.19
Target Price: PKR 61.7

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 112.87
Target Price: PKR 152.5

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 12.50
Target Price: PKR 17.1

Lucky Cement (LUCK) – BUY 
Current Price: PKR 425.90
Target Price: PKR 636

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   187.02
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 36.53
Target Price: PKR 65

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,441.89
Target Price: PKR 1,959.7

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 46.12
Target Price: PKR 57.74

Nishat Chunian Ltd. (NCL) – BUY 
Current Price: PKR 49.07
Target Price: PKR 57.15

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 22.47
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 127.45
Target Price: PKR 169

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 24.16
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 148.63
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 38.65
Target Price: PKR 60

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 523.29
Target Price: PKR 676.29

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 177.50
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 282.36
Target Price: PKR 346

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 224.86
Target Price: PKR 399.08

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 255.47
Target Price: PKR 505

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 73.46
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 136.93
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 7 October, 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: HASCOL, HUBC, EFERT, KAPCO, and NCL.

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

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

The Pakistan Stock Exchange (PSX) market index lost 911.5pts in the first 4 trading days, Shahbaz Sharif’s arrest by NAB in the Ashiana Housing case on Friday afternoon came as a final nail in the coffin (hard blow to investor sentiments), with KSE-100 index losing another 860.8pts to close the week. KSE-100 index closed on 39,226 by losing 1,773 points or 4.32 percent, while KSE-30 index closed on 19,078 by losing 840 points.

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


  • Shahbaz Sharif’s arrest by NAB in the Ashiana Housing case on Friday afternoon
  • Deferment of electricity rate hike and lack of direction on potential entry in to the IMF program kept trading activity suppressed, shrinking average trading volumes to 113.5mn shares as compared with 124.4mn shares in the previous week
  • Banking sector scrips failed to attract volumes despite a 100bps interest rate hike by SBP in its last monetary policy
  • IMF stressing upon more stringent measures including further currency devaluation, interest rate hikes, revenue collection measures and reforms in the PSEs during its article IV consultations with Pakistani authorities
  • Saudi Arabia’s increasing interest to invest in Pakistan with an MoU signed for the establishment of 500kbpd oil refinery at Gawadar in partnership with PSO
  • GoP once again imposing a ban on purchase of automobiles and property by non-filers
  • OGRA notifying hike in gas rates by ~30-40% for different industrial consumers effective Sep 27’18
  • A sharp drop of US$627mn in SBP reserves due to external debt financing
  • Foreigners dumped US$8.42mn worth of equities in the outgoing week, marking its 23rd week of outflows
  • News flows suggesting GoP extending subsidy to the fertilizer sector post gas rate hike should incite interest in the sector


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 98.75
Target Price: PKR 134.9

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 142.50
Target Price: PKR 167.6

Attock Petroleum (APL) – BUY 
Current Price: PKR 433.20
Target Price: PKR 724.84

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 23.16
Target Price: PKR 29.2

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 58.51
Target Price: PKR 128

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 47.58
Target Price: PKR 69.6

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 90.46
Target Price: PKR 143.1

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 74.99
Target Price: PKR 90.3

Engro Corporation (ENGRO) – BUY 
Current Price: PKR 305.57
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 36.04
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 35.98
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 95.94
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 18.33
Target Price: PKR 36

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 272.53
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 142.05
Target Price: PKR 248

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 223.25
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 1,227.88
Target Price: PKR 2,069

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 56.03
Target Price: PKR 61.7

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 119.62
Target Price: PKR 152.5

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 12.81
Target Price: PKR 17.1

Lucky Cement (LUCK) – BUY 
Current Price: PKR 480.40
Target Price: PKR 827

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   189.29
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 41.97
Target Price: PKR 107

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,524.92
Target Price: PKR 1,959.7

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 49.75
Target Price: PKR 57.74

Nishat Chunian Ltd. (NCL) – BUY 
Current Price: PKR 50.52
Target Price: PKR 57.15

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 22.45
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 135
Target Price: PKR 174

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 24.30
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 147.32
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 42.06
Target Price: PKR 70

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 540.54
Target Price: PKR 676.29

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 210
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 282.36
Target Price: PKR 395

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 244.06
Target Price: PKR 399.08

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 283.20
Target Price: PKR 505

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 80.97
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 144.98
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