Pakistan Stock Exchange (PSX) Weekly Analysis 17 March, 2019

BUY recommendations are:  ACPL, AKBL, APL, ASTL, BAFL, BOP, DGKC, EFERT, FFBL, GWLC, HASCOL, HBL, HUBCO, INDU, KAPCO, KOHC, LOTCHEM, LUCK, MARI, MCB, MLCF, MTL, NBP, NCL, NCPL, NML, NPL, OGDC, POL, PPL, PSO, SNGP and UBL.

Top gainers of last week were:  PMPK, SHEZ, SRVI, SHFA, MARI, and BIFO.

Top losers of last week were: BATA, JLICL, LUCK, INDU, SAPL, POL, and HINO.

Top Volume Leaders of last week:  BOP, KEL, UNITY, LOTCHEM, OGDC, BAFL, PIAA, SNGPL, PAEL, and MLCF.

The Pakistan Stock Exchange (PSX) market index continued their downward slide for the sixth consecutive week. KSE-100 index closed on 38,307 by losing 643 points or -1.7%.

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


  • The total liquid foreign reserves held by the country increased to $14.965 billion on March 08, 2019
  • Interloop Limited (INLO), the first public offer of shares for the current year, managed to raise Rs5.025bn in the book building process held for two days (Wednesday, Thursday) making it largest private sector Initial Public Offering (IPO) of the country
  • volumes remained subdued, with average daily traded volume for the week at 93mn (down 18% WoW)
  • Commercial Banks sector was amongst the worst performing during the week yet again, as the sector chipped away 149 points during the week
  • Exploration and Production Sector and Cements were also amongst the worst performing sectors, cumulatively dragging index down by 229 points
  • In the first four trading sessions of the week, foreigners were net sellers of US$17.7mn vs. net selling of US$3.5mn in the first four days of previous week
  • On the local investors’ side, Insurance Companies and Banks were net buyers of US$7.8mn and US$4.0mn, respectively
  • As per data published by SBP, FDI for month of Feb 2019 was recorded at US$168mn, down 49% YoY
  • The large-scale manufacturing (LSM) index witnessed negative growth of 2.3% during seven months of current fiscal year indicating that economic activities have decelerated in the country

Following are few BUY recommendations:

Attock Cement Ltd. (ACPL) – BUY 
Current Price: PKR 9 3.6
Target Price: PKR 140.6

Askari Bank (AKBL) – BUY 
Current Price: PKR 1 9.6
Target Price: PKR 28.4

Attock Petroleum (APL) – BUY 
Current Price: PKR 405.9
Target Price: PKR 479.57

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 3 8.8
Target Price: PKR 80.0

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 4 5.7
Target Price: PKR  60.1

Bank of Punjab (BOP) – BUY 
Current Price: PKR 1 3.9
Target Price: PKR 18.3

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 8 4.8
Target Price: PKR 105.00

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 7 3.9
Target Price: PKR 91.0

Fauji Fertilizer Bin Qasim (FFBL) – BUY 
Current Price: PKR 3 8.1
Target Price: PKR 43.5

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 13.69
Target Price: PKR 25

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 133.99
Target Price: PKR 234.57

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 132.9
Target Price: PKR 155.2

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 8 2.2
Target Price: PKR 136.9

Indus Motors (INDU) – BUY 
Current Price: PKR 1,298.57
Target Price: PKR 1,426.6

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 4 5.0
Target Price: PKR 61.4

Kohat Cement Company (KOHC) – BUY 
Current Price: PKR 8 5.3
Target Price: PKR 111

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 1 3.9
Target Price: PKR 25.3

Lucky Cement (LUCK) – BUY 
Current Price: PKR 435.1
Target Price: PKR 605.8

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR   1 ,299.9
Target Price: PKR 1,983.6

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   190.7
Target Price: PKR 230

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 3 9.0
Target Price: PKR 56.6

Millat Tractors Limited (MTL) – BUY 
Current Price: PKR 814.0
Target Price: PKR 1,017

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 4 1.1
Target Price: PKR 66.51

Nishat Chunian Limited (NCL) – BUY 
Current Price: PKR 5 0.8
Target Price: PKR 67.7

Nishat Chunian Power Limited (NCPL) – BUY 
Current Price: PKR 2 2.3
Target Price: PKR 27.8

Nishat Mills (NML) – BUY 
Current Price: PKR 134.6
Target Price: PKR 166

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 2 4.0
Target Price: PKR 32.5

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 142.2
Target Price: PKR 190

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 432.8
Target Price: PKR 593.0

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 176.0
Target Price: PKR 208

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 214.3
Target Price: PKR 298.00

Sui Northern Gas Pipeline (SNGP) – BUY 
Current Price: PKR 6 9.4
Target Price: PKR 96.2

United Bank Limited (UBL) – BUY 
Current Price: PKR 137.4
Target Price: PKR 170.8

Thank you very much for reading this article.

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Written by: Rana Khuram

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