Pakistan Stock Exchange (PSX) Weekly Analysis 24 November, 2018

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

Top gainers of last week were: ICI Pak, CHCC, NRL, LUCK, PIOC, ASTL, MCB, and Engro Polymer.

Top losers of last week were: POL, HBL, DGKC, KEL, OGDC, Jubilee Life Insurance, Honda Atlas Cars, and Shifa International Hospitals.

Top Volume Leaders of last week:  LOTCHEM, EPCL, NRSL, PAEL, STPL, MLCF.

The Pakistan Stock Exchange (PSX) market index failed to consolidate gains made during the last week, mainly led by rout in E&Ps owing to sliding international oil prices and delays in finalization of IMF Bailout Package. The KSE-100 index gave way to wider macro jitters, amidst an uncertain foreign exchange reserve picture. KSE-100 index closed on 40,869 by losing 792 points or 1.9%, while KSE-30 index closed on 19,443 by losing 516 points.

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


  • The International Monetary Fund (IMF) viewed policy uncertainty and economic imbalances as risks to growth saying that its growth forecasts would slide to 4% in the current fiscal year from a decade-high of 5.8% in FY18
  • IMF negotiations get delayed, investor expectations of FX reserve funding from China, Saudi Arabia would deliver some welcomed relief
  • Market activity remained dull during the week with average daily traded value and volumes declining by 23%/26%WoW to USD56mn/157mn
  • Pakistan could face a tough time in the coming years as the delegation of Asia Pacific Group (APG)—a subsidiary of Financial Action Task Force (FATF) during its recent visit rated Pakistan partially/non-compliant in 33 out of 40 recommendations
  • Prime Minister Imran Khan on Monday led a sharp reaction by political leaders to US President Donald Trump's tirade against Pakistan by hinting at review of foreign policy options
  • During the week Pakistan received USD1bn from Saudi Arabia which took SBP’s foreign exchange reserves to USD8.3bn on 19th November
  • E&P sector contributed 42% (329pts) to the decline in KSE100 index as it was down 4.8%WoW due to fall in international oil prices (Brent / WTI: down around 9%WoW to USD60 / USD51 per bbl) owing to concerns regarding oil supply glut
  • Banks contributed 35% (279pts) to the decline in Benchmark Index mainly led by selling in United Bank Limited (UBL) and Habib Bank Limited (HBL). UBL was down 2.4%WoW due to its intimation of voluntary liquidation of New York branch in view of commercial viability
  • Foreign selling for the week stood at USD11.6mn. Among the domestic investors, Companies and NBFC remained the major sellers with net selling of USD3.0mn and USD1.0mn, respectively. The bulk of this selling was absorbed by Insurance companies and Banks with net buying of USD8.0mn and USD4.1mn, respectively


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 103.14
Target Price: PKR 121

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 137
Target Price: PKR 139.7

Attock Petroleum (APL) – BUY 
Current Price: PKR 498.31
Target Price: PKR 530.3

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 24.82
Target Price: PKR 29.2

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 64.97
Target Price: PKR 92.0

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 49.80
Target Price: PKR 69.6

Cherat Cement Co. Ltd. (CHCC) – BUY 
Current Price: PKR 91.22
Target Price: PKR 96

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 104.68
Target Price: PKR 122

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 76.09
Target Price: PKR 90.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 34
Target Price: PKR 45.1

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

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 99.55
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 18.86
Target Price: PKR 36

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 215.01
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 136.65
Target Price: PKR 170

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 224
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 95.32
Target Price: PKR 136.9

Indus Motors (INDU) – BUY 
Current Price: PKR 1,348.82
Target Price: PKR 1,426.6

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 103
Target Price: PKR 152.5

Lucky Cement (LUCK) – BUY 
Current Price: PKR 532.44
Target Price: PKR 605.8

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   200.02
Target Price: PKR 231.4

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 51.96
Target Price: PKR 56.6

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,343
Target Price: PKR 1,781.5

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 995.49
Target Price: PKR 1,255.1

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 49.71
Target Price: PKR 57.74

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 25
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 145.91
Target Price: PKR 167.5

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 29
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 143.79
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 32.49
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 54.58
Target Price: PKR 60

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 480.48
Target Price: PKR 657

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 163.67
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 243.95
Target Price: PKR 346

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 278.13
Target Price: PKR 399.08

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 277.17
Target Price: PKR 505.0

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 86.53
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 139.13
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 18 November, 2018

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

Top gainers of last week were: PIOC, CHCC, PSMC, MCB, and HBL.

Top losers of last week were: ASTL, KEL, PTC, HASCOL, and PPL.

Top Volume Leaders of last week:  LOTCHEM, STPL, TRG, PAEL, and PIBTL.

The Pakistan Stock Exchange (PSX) market index remained range bound throughout the week touching a low of 40,994pts before closing at 41,661. KSE-100 index closed on 41,661 by gaining 272 points, while KSE-30 index closed on 19,959 by gaining 79 points.

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


  • There was a weak start of the week as uncertainties around the Chinese package and materialization of Saudi package amid IMF negotiations kept investors on the err side of caution
  • MSCI on Nov 14’18 announced its semi-annual review where it declassified LUCK and UBL from the Standard Index to Small Cap Index and downgraded HCAR and MLCF from the EM index
  • Consequent to exclusion of LUCK and UBL, Pakistan’s weight has been reduced to 0.4% in the MSCI EM index from 0.7% in May’18
  • Market activity remained strong with ADT standing at 213.3mn shares vs. 196.5mn shares in the previous week as local participants bounced on cheap valuations
  • ADTV for the week stood at US$88.9mn vs.US$77.9mn in the previous week
  • A closer look suggests activity to have been tilted towards the main board with ADTV of KSE-100 Index/KSE- All share Index at 81.4% (30W high) vs. 73.2% recorded in the previous week
  • News flows relating to IMF negotiations (to be completed by Nov 20’18), likely disbursement of US$1bn from Saudi authorities (Out of US$3bn) and PM’s visit to UAE for a potential package would drive market performance next week

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 105.54
Target Price: PKR 121

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 137.04
Target Price: PKR 139.7

Attock Petroleum (APL) – BUY 
Current Price: PKR 509.10
Target Price: PKR 530.3

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 25.65
Target Price: PKR 29.2

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 64.80
Target Price: PKR 92.0

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 50.67
Target Price: PKR 69.6

Cherat Cement Co. Ltd. (CHCC) – BUY 
Current Price: PKR 83.60
Target Price: PKR 96

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 110.61
Target Price: PKR 122

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 78.34
Target Price: PKR 90.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 34.80
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 41.90
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 100.06
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 19.16
Target Price: PKR 36

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 221.87
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 144.89
Target Price: PKR 170

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 241.59
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 95.39
Target Price: PKR 136.9

Indus Motors (INDU) – BUY 
Current Price: PKR 1,386.40
Target Price: PKR 1,426.6

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 102.18
Target Price: PKR 152.5

Lucky Cement (LUCK) – BUY 
Current Price: PKR 506.67
Target Price: PKR 605.8

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   203.63
Target Price: PKR 231.4

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 52.41
Target Price: PKR 56.6

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,402.79
Target Price: PKR 1,781.5

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 990.49
Target Price: PKR 1,255.1

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 49.96
Target Price: PKR 57.74

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 25.74
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 152.03
Target Price: PKR 167.5

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 28.70
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 150.75
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 32.86
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 53.82
Target Price: PKR 60

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 523.35
Target Price: PKR 657

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 170.62
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 250.87
Target Price: PKR 346

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 278.13
Target Price: PKR 399.08

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 281.13
Target Price: PKR 505.0

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 90.82
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 142.55
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 10 November, 2018

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

Top gainers of last week were: FFBL, APL, PTC, INDU and ABL.

Top losers of last week were: HASCOL, EFOODS, MLCF, UBL, and HBL.

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

The Pakistan Stock Exchange (PSX) market index came into red zone this week to close at 41,389pts. KSE-100 index closed on 41,389 by losing 615 points, while KSE-30 index closed on 19,880 by losing 390 points.

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


  • Much of the weakness during the week has been driven by lack of clarity on financial package from China, and correction in int’l oil prices (Brent: down 4.2%WoW) that weighed on index heavy Oil & Gas sector
  • Average daily traded volume also declined by 39.03%WoW to 196.51mn shares
  • Asian Infrastructure Investment Bank (AIIB) expressing willingness to invest US$400mn in the upcoming 10-year Pakistan Infrastructure Bond for mega projects
  • FM Asad Umar saying Pakistan has come out of a balance of payment crisis after Saudi Arabia and China equally filled a gap of US$12bn in its payments
  • China expects to park about US$2bn in Pakistan’s foreign exchange reserves and extended a offer to triple it imports from Pakistan
  • GoP commencing talks with the IMF over the country’s possibly 13th bailout program to buoy its foreign exchange reserves
  • APCMA reporting, overall dispatches of the cement sector goes up by 5.37%YoY to 15.35mn tons during 4MFY19
  • News flows relating to IMF negotiations (to be concluded by Nov 20’18) and clarity over Chinese package would influence investor sentiments next week
  • Semi-annual MSCI review is due on Nov 13’18 and any revision in Pakistan stock(s) composition could have consequent effect on that stock(s) performance


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 105.05
Target Price: PKR 121

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 127.72
Target Price: PKR 139.7

Attock Petroleum (APL) – BUY 
Current Price: PKR 495.08
Target Price: PKR 530.3

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 25.0
Target Price: PKR 29.2

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 67.81
Target Price: PKR 92.0

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 52.5
Target Price: PKR 69.6

Cherat Cement Co. Ltd. (CHCC) – BUY 
Current Price: PKR 75.74
Target Price: PKR 96

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 108.51
Target Price: PKR 122

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 82.79
Target Price: PKR 90.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 35.59
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 41.23
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 98.1
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 18.97
Target Price: PKR 36

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 227.50
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 147.14
Target Price: PKR 170

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 260.83
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 95.36
Target Price: PKR 136.9

Indus Motors (INDU) – BUY 
Current Price: PKR 1,385.31
Target Price: PKR 1,426.6

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 100.74
Target Price: PKR 152.5

Lucky Cement (LUCK) – BUY 
Current Price: PKR 488.03
Target Price: PKR 605.8

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   198.19
Target Price: PKR 231.4

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 51.21
Target Price: PKR 65

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1 ,421.3
Target Price: PKR 1,781.5

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,007.65
Target Price: PKR 1,255.1

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 48.83
Target Price: PKR 57.74

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 25.50
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 150.95
Target Price: PKR 167.5

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 28.73
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 152.52
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 31.46
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 50.45
Target Price: PKR 60

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 526.40
Target Price: PKR 657

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 174.57
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 234.49
Target Price: PKR 346

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 274.85
Target Price: PKR 399.08

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 313.25
Target Price: PKR 505.0

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 90.40
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 151.20
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 3 November, 2018

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

Top gainers of last week were: MLCF, DGKC, CHCC, NCL, and PIOC.

Top losers of last week were: POL, PPL, FFC, FATIMA, and EFOODS.

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

The Pakistan Stock Exchange (PSX) market index closes the week with five bullish sessions as PM eyes financial support from China. KSE-100 index closed on 42,004 by gaining 1448 points, while KSE-30 index closed on 20,270 by gaining 684 points.

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


  • Increase of PKR 5 per litre in petrol and PKR 6.37 per litre in diesel prices
  • Advisor to PM on commerce asking cement manufacturers to be ready for an unexpected surge in demand due to PM’s housing scheme
  • Investors anticipated support packages from China and UAE as well, while giving little regard to the ongoing country-wide protests by the religious groups
  • Increase in automobile prices by major local assemblers
  • 7% inflation in October against inflation of PKR 5.12% in September
  • Healthy volumes were witnessed at the bourse where average traded shares leapt up by 7.07%WoW to 322.32mn
  • Among market participants' foreigners remained net seller during the week amounting to USD 12.62mn, primarily contributed by corporates amounting to USD 10.79mn.
  • Privatization commission coming up with an updated list of entities including State Life Insurance, SME Bank, First Women Bank, OGDC, PPL and Mari Petroleum while dropping loss making entities including PIA, PSM and the discos amongst others 
  • GoP reviving the ADB sponsored smart metering project worth US$900mn initially for 2 DISCOS
  • Pakistan jumping 11 places on the World Bank’s Doing Business Global ranking to reach 136th among 190 countries
  • Arrival of IMF team on Nov 7’18 for talks on a bailout package
  • Pakistan’s total foreign exchange reserves falling to US$14.18bn including SBP’s reserves at US$7.78bn

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 105.05
Target Price: PKR 121

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 133.70
Target Price: PKR 139.7

Attock Petroleum (APL) – BUY 
Current Price: PKR 474.31
Target Price: PKR 530.3

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 24.97
Target Price: PKR 29.2

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 69.18
Target Price: PKR 92.0

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 52.47
Target Price: PKR 69.6

Cherat Cement Co. Ltd. (CHCC) – BUY 
Current Price: PKR 79.92
Target Price: PKR 96

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 111.07
Target Price: PKR 122

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 81.38
Target Price: PKR 90.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 36.21
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 38.77
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 98.09
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 19.32
Target Price: PKR 36

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 286.25
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 147.14
Target Price: PKR 170

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 259.64
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 95.36
Target Price: PKR 136.9

Indus Motors (INDU) – BUY 
Current Price: PKR 1,371.22
Target Price: PKR 1,426.6

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 109.81
Target Price: PKR 152.5

Lucky Cement (LUCK) – BUY 
Current Price: PKR 498.08
Target Price: PKR 605.8

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   198.19
Target Price: PKR 231.4

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 54.61
Target Price: PKR 56.6

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,421.32
Target Price: PKR 1,781.5

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,005.81
Target Price: PKR 1,255.1

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 48.83
Target Price: PKR 57.74

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 25.90
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 150.95
Target Price: PKR 167.5

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 27.51
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 156.47
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 32.15
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 55.22
Target Price: PKR 60

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 533.50
Target Price: PKR 657

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 181.37
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 234.93
Target Price: PKR 346

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 283.69
Target Price: PKR 399.08

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 324.06
Target Price: PKR 505.0

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 93
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 151.20
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