Pakistan Stock Exchange (PSX) Weekly Analysis 31 March, 2019

BUY recommendations are:  ACPL, AKBL, APL, ASTL, BAFL, BOP, DGKC, EFERT, EPCL, 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:  SNGP, MTL, BAHL, ENGRO, UBL, OGDC, DAWH, and MEBL.

Top losers of last week were: HBL, HUBCO, NESTLE, PSEL, POL, FFBL, PPL, NBP, and MLCF.

Top Volume Leaders of last week:  WTL, KEL, BOP, FCCL, and UNITY.

The Pakistan Stock Exchange (PSX) market index remained range bound throughout the week. The market gained some momentum during mid of the week owing to the news of discovery of oil fields in Pakistan. KSE-100 index closed on 38,649 by gaining 118 points or 0.3%.

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


  • The State bank raised the interest rate by 50 BPS to 10.75% for the next two months
  • The Rupee also depreciated in the interbank on Friday
  • Average Trading volume increased by 52.9% WoW to 127.9 mn shares
  • IMF bailout package likely by mid-May, says finance minister: Pakistan is likely to secure a bailout package from the International Monetary Fund (IMF) of between $6 billion and $12bn by the middle of May
  • Prime Minister Imran Khan has said that a major housing project will be launched next month to provide five million housing units to the low income segments of the society
  • The government is set to list another Islamic bond of Rs200 billion in the capital market in May to bring power sector circular debt down to Rs250 billion
  • The Fertilizer, OMC, Auto and Pharmaceutical sectors were the positive contributors and added 178 points to the Index. While Power, Cement and E&P sectors were the negative contributors and declined the Index by 67 points
  • During the week, the Mutual funds, Banks, Broker Proprietary and Foreigners were the net buyers worth 11.54 Mn collectively. While the Individuals and Companies were net sellers worth 10.46 Mn collectively
  • APG dissatisfied over Pakistan’s compliance with commitments
  • Nawaz Sharif freed on bail for six weeks on medical grounds
  • Power tariff to be gradually increased by over Rs2 per unit
  • Pakistan gets $2.2 Bncommercial loan from China
  • Oil and Gas Regulatory Authority (OGRA) has moved summary the Ministry of Petroleum Division to increase petroleum product prices from April 1. Sources said the summary forwarded to the Petroleum Division recommended Rs11.92 per litre increase in petrol price, diesel Rs11.17 per litre, Kerosene Oil Rs6.65 per litre 
  • Contrary to conventions, the Ministry of Industries and Production has removed Pakistan Steel Mills (PSM) chairman and held the board meeting against the proscribed rules
  • The Securities and Exchange Commission of Pakistan (SECP) has initiated legal proceedings to wind up at least nine companies offering crypto currencies and Ponzi schemes


Following are few BUY recommendations:

Attock Cement Ltd. (ACPL) – BUY 
Current Price: PKR 8 9.2
Target Price: PKR 140.6

Askari Bank (AKBL) – BUY 
Current Price: PKR 2 0.5
Target Price: PKR 28.4

Attock Petroleum (APL) – BUY 
Current Price: PKR 398.5
Target Price: PKR 479.57

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 43.07
Target Price: PKR 80.0

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 4 7.1
Target Price: PKR  60.1

Bank of Punjab (BOP) – BUY 
Current Price: PKR 1 3.0
Target Price: PKR 18.3

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 8 5.4
Target Price: PKR 105.00

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 7 1.6
Target Price: PKR 91.0

Engro Polymer & Chemical (EPCL) – BUY 
Current Price: PKR 3 6.3
Target Price: PKR 46.3

Fauji Fertilizer Bin Qasim (FFBL) – BUY 
Current Price: PKR 3 4.2
Target Price: PKR 43.5

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 13.43
Target Price: PKR 25

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 129.67
Target Price: PKR 234.57

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 132.5
Target Price: PKR 155.2

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 7 3.3
Target Price: PKR 136.9

Indus Motors (INDU) – BUY 
Current Price: PKR 1,304.90
Target Price: PKR 1,426.6

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 4 5.3
Target Price: PKR 61.4

Kohat Cement Company (KOHC) – BUY 
Current Price: PKR 8 5.8
Target Price: PKR 111

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 1 4.2
Target Price: PKR 25.3

Lucky Cement (LUCK) – BUY 
Current Price: PKR 428.2
Target Price: PKR 605.8

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR   1 ,245.2
Target Price: PKR 1,983.6

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   196.5
Target Price: PKR 230

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 3 7.5
Target Price: PKR 56.6

Millat Tractors Limited (MTL) – BUY 
Current Price: PKR 895.1
Target Price: PKR 1,017

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 4 0.1
Target Price: PKR 66.51

Nishat Chunian Limited (NCL) – BUY 
Current Price: PKR 5 1.7
Target Price: PKR 67.7

Nishat Chunian Power Limited (NCPL) – BUY 
Current Price: PKR 2 1.8
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 5.3
Target Price: PKR 32.5

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 147.6
Target Price: PKR 190

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 447.3
Target Price: PKR 593.0

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 185
Target Price: PKR 208

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 216.2
Target Price: PKR 298.00

Sui Northern Gas Pipeline (SNGP) – BUY 
Current Price: PKR 7 5.1
Target Price: PKR 96.2

United Bank Limited (UBL) – BUY 
Current Price: PKR 139.5
Target Price: PKR 170.8

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

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