Pakistan Stock Exchange (PSX) Weekly Analysis 23 June, 2019

BUY recommendations are:  ACPL, AKBL, APL, ASTL, BAHL, BAFL, BOP, CHCC, DGKC, EFERT, EFOODS, ENGRO, EPCL, FFBL, FCCL, FFC, GWLC, HASCOL, HBL, HCAR, HUBCO, INDU, KAPCO, KOHC, LOTCHEM, LUCK, MARI, MCB, MEBL, MLCF, MTL, NBP, NCL, NCPL, NML, NPL, OGDC, PAEL, PIOC, POL, PPL, PSO, SNGP, and UBL.

Top gainers of last week were:  HUBC, ASTL, EFOODS, POL, and OGDC.

Top losers of last week were: HASCOL, NCL, KAPCO, and FFBL.

Top Volume Leaders of last week:  MLCF, WTL, SMBL, TRG, and KEL.

The Pakistan Stock Exchange (PSX) market index remained choppy during the outgoing week after three positive weeks. The benchmark KSE-100 Index closed at 35,125 levels by losing 448 points or 1.26 %. While KSE-30 index closed on 16,632 by 172 points or 1.02

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


  • Select Independent Power Producers (IPPs) namely LPL, NPL, HUBC, and ATLN gained 2-8% in their value in anticipation of upcoming Sukuk payment of Rs200bn
  • Based on NCCPL data, foreigners remained net sellers amounting to US$5.7mn. On local front, Mutual Funds net seller of US$4.0mn, while insurance sold worth of US$0.6mn
  • FBR has formally launched the online FBR Tax Profiling System, enabling 53 million people to check their bank details, properties, utility bills and travel history data
  • A Senate panel has rejected all clauses of the Finance Bill 2019 that affect the common man and also recommended that the exchange rate should be fixed at Rs151 to a dollar and the interest rate be brought down to single digit
  • Prime Minister Imran Khan has told the textile industry that the government was ready to resolve its genuine concerns but revival of zero-rating regime was no more an option in the current situation
  • Threat of FATF blacklist averted. Pakistan has managed to garner much-needed support from three member states of the Financial Action Task Force (FATF) to avoid being placed on its blacklist, but black clouds are still hanging over it
  • PKR continued to devalue over the weekend, taking MTD currency depreciation to 6%
  • Senate Committee’s rejection of Finance Bill, while proposing for fixing exchange rate and interest rates at PkR150/ USD and 12%, respectively
  • CAD narrowing 29.3% during 11MFY19 to US$12.6bn, while May CAD declining 47/12% YoY/MoM
  • Remittances jumping 10% during 11MFY19 to US$20bn
  • Launch of PKR200bn Pakistan Energy Sukuk bond II by June end
  • FX reserves held by the central bank fell US$203mn to US$7.60bn, with total FX reserves stood at US$14.63bn
  • Average daily turnover fell 8.5% WoW to 124.8mn shares
  • The news that the Qatar will invest $22 Bn failed to excite the Investors
  • During the week, Cement prices also increased by Rs. 20/bag and further hike is also expected
  • CAD shrinks 29 pc in 11 months
  • OPEC to meet on July 1-2
  • Fitch maintains Pakistan’s credit rating at B negative on external finance risks
  • Power tariff raised to recover Rs190 bn under IMF deal


Following are few BUY recommendations:

Attock Cement Ltd. (ACPL) – BUY 
Current Price: PKR 80.75
Target Price: PKR 142.6

Askari Bank (AKBL) – BUY 
Current Price: PKR 19.47
Target Price: PKR 28.4

Attock Petroleum (APL) – BUY 
Current Price: PKR 319.76
Target Price: PKR 479.57

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 26.27
Target Price: PKR 58.0

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 79.25
Target Price: PKR  97.64

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 45.06
Target Price: PKR  60.1

Bank of Punjab (BOP) – BUY 
Current Price: PKR 9.16
Target Price: PKR 18.3

Cherat Cement Co Limited (CHCC) – BUY 
Current Price: PKR 33.05
Target Price: PKR 71.00

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 60.48
Target Price: PKR 105

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 67.20
Target Price: PKR 91.0

Engro Foods (EFOODS) – BUY 
Current Price: PKR 54.57
Target Price: PKR 80.87

Engro Corporations (ENGRO) – BUY 
Current Price: PKR 275.77
Target Price: PKR 359.6

Engro Polymer & Chemical (EPCL) – BUY 
Current Price: PKR 27.75
Target Price: PKR 46.3

Fauji Fertilizer Bin Qasim (FFBL) – BUY 
Current Price: PKR 19.00
Target Price: PKR 35.73

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 92.55
Target Price: PKR 115.77

Fauji Cement Company (FCCL) – BUY 
Current Price: PKR 16.29
Target Price: PKR 25.3

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 11.67
Target Price: PKR 25

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 72.59
Target Price: PKR 234.57

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 122.31
Target Price: PKR 143.25

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 168.46
Target Price: PKR 206.8

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 81.52
Target Price: PKR 101.05

Indus Motors (INDU) – BUY 
Current Price: PKR 1,176.80
Target Price: PKR 1,426.6

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 35.48
Target Price: PKR 61.4

Kohat Cement Company (KOHC) – BUY 
Current Price: PKR 57.81
Target Price: PKR 111

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 1 5.46
Target Price: PKR 25.3

Lucky Cement (LUCK) – BUY 
Current Price: PKR 405.75
Target Price: PKR 605.8

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR   1 ,056.29
Target Price: PKR 1,983.6

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   176.32
Target Price: PKR 224

Meezan Bank Limited (MEBL) – BUY 
Current Price: PKR 87.10
Target Price: PKR 115.80

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 25.40
Target Price: PKR 56.6

Millat Tractors Limited (MTL) – BUY 
Current Price: PKR 842.90
Target Price: PKR 1,017

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 37.75
Target Price: PKR 54.3

Nishat Chunian Limited (NCL) – BUY 
Current Price: PKR 35.64
Target Price: PKR 55.00

Nishat Chunian Power Limited (NCPL) – BUY 
Current Price: PKR 15.92
Target Price: PKR 27.8

Nishat Mills (NML) – BUY 
Current Price: PKR 101.82
Target Price: PKR 158.00

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 24.80
Target Price: PKR 32.5

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 136.90
Target Price: PKR 190

Pak Elecktron Ltd (PAEL) – BUY 
Current Price: PKR 22.44
Target Price: PKR 28.20

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 25.15
Target Price: PKR 46.0

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 423.22
Target Price: PKR 593.0

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 155.57
Target Price: PKR 208

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 178.88
Target Price: PKR 298.00

Sui Northern Gas Pipeline (SNGP) – BUY 
Current Price: PKR 72.64
Target Price: PKR 96.2

United Bank Limited (UBL) – BUY 
Current Price: PKR 152.43
Target Price: PKR 165.50

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 June, 2019

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

Top gainers of last week were:  FFBL, PIOC, FFC, SEARL, ENGRO, OGDC, TRG, and CHCC.

Top losers of last week were: PSMC, PSO, NBP, and HASCOL.

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

The Pakistan Stock Exchange (PSX) market index trading sessions before Federal Budget dragged index by 2.37%, which were later recovered by budget announcement in following three sessions. As the severity of new tax measures were considered to be lower than expectations for sectors like Fertilizer and Banks. The benchmark KSE-100 Index closed at 35,573 levels by gaining of 0.2 %.

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


  • Despite a week marred by high-profile developments from political arrests to the unveiling of the federal and provincial budgets, the KSE-100 index managed to finish on a positive note
  • The negative sentiments were further fuelled as news of former president Asif Ali Zardari’s arrest made headlines
  • The foreign exchange reserves held by SBP declined by US$55mn to US$7.807bn during the week ended on June 3, 2019 due to payments on account of external debt servicing
  • Based on NCCPL data, foreigners remained net sellers amounting to US$4.90mn. On local front, Mutual Funds net buyer of US$2.7mn, while insurance sold worth of US$3.0mn
  • The Trump administration has asked the International Monetary Fund (IMF) to ensure real structural reforms are included as conditionality before approving a loan package for Pakistan
  • Fertilizer manufacturers demanded of the government to fulfill their subsidy claims that exceeded Rs20 billion, creating cash flow challenges for the industry
  • Oil rose, extending sharp gains following attacks on two oil tankers in the Gulf of Oman that stoked concerns of reduced crude flows through one of the world’s key shipping routes
  • The federal government has added Rs3.9tn to the public debt in just 10 months of the FY19
  • Workers remittances in Pakistan during July to May 2019 has increased by 11%
  • Continuation of CGT at 15%
  • Freezing of corporate tax rate at the current level of 29%
  • Abolishment of tax credit for BMR investment
  • Increased tax rates on profit on debt and v) bringing of capital gains on property sale under normal tax regime
  • Recovery was also seen in cement and steel sectors as the government raised the development budget for FY20
  • Participation picked up slightly as average daily volumes for the outgoing week were up by 9% to 136 million shares while value traded increased by 8% to $34 million

Following are few BUY recommendations:

Attock Cement Ltd. (ACPL) – BUY 
Current Price: PKR 85.8
Target Price: PKR 142.6

Askari Bank (AKBL) – BUY 
Current Price: PKR 20.4
Target Price: PKR 28.4

Attock Petroleum (APL) – BUY 
Current Price: PKR 324.3
Target Price: PKR 479.57

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 2 5.2
Target Price: PKR 58.0

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 82.02
Target Price: PKR  97.64

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 45.8
Target Price: PKR  60.1

Bank of Punjab (BOP) – BUY 
Current Price: PKR 1 0.0
Target Price: PKR 18.3

Cherat Cement Co Limited (CHCC) – BUY 
Current Price: PKR 35.16
Target Price: PKR 71.00

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 6 1.0
Target Price: PKR 105

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 67.4
Target Price: PKR 91.0

Engro Foods (EFOODS) – BUY 
Current Price: PKR 52.37
Target Price: PKR 80.87

Engro Corporations (ENGRO) – BUY 
Current Price: PKR 278
Target Price: PKR 359.6

Engro Polymer & Chemical (EPCL) – BUY 
Current Price: PKR 29.5
Target Price: PKR 46.3

Fauji Fertilizer Bin Qasim (FFBL) – BUY 
Current Price: PKR 2 0.4
Target Price: PKR 35.73

Fauji Cement Company (FCCL) – BUY 
Current Price: PKR 16.9
Target Price: PKR 25.3

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 11.72
Target Price: PKR 25

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 80.79
Target Price: PKR 234.57

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 123.9
Target Price: PKR 143.25

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 167.9
Target Price: PKR 206.8

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 77.35
Target Price: PKR 101.05

Indus Motors (INDU) – BUY 
Current Price: PKR 1,182.2
Target Price: PKR 1,426.6

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 38.6
Target Price: PKR 61.4

Kohat Cement Company (KOHC) – BUY 
Current Price: PKR 5 8.0
Target Price: PKR 111

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 1 5.7
Target Price: PKR 25.3

Lucky Cement (LUCK) – BUY 
Current Price: PKR 417.1
Target Price: PKR 605.8

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR   1 ,098.6
Target Price: PKR 1,983.6

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   178.5
Target Price: PKR 224

Meezan Bank Limited (MEBL) – BUY 
Current Price: PKR 88.96
Target Price: PKR 115.80

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 2 5.3
Target Price: PKR 56.6

Millat Tractors Limited (MTL) – BUY 
Current Price: PKR 844.2
Target Price: PKR 1,017

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 38.8
Target Price: PKR 54.3

Nishat Chunian Limited (NCL) – BUY 
Current Price: PKR 3 8.8
Target Price: PKR 55.00

Nishat Chunian Power Limited (NCPL) – BUY 
Current Price: PKR 17.0
Target Price: PKR 27.8

Nishat Mills (NML) – BUY 
Current Price: PKR 103.5
Target Price: PKR 158.00

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 23.1
Target Price: PKR 32.5

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 133.0
Target Price: PKR 190

Pak Elecktron Ltd (PAEL) – BUY 
Current Price: PKR 22.28
Target Price: PKR 28.20

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 25.02
Target Price: PKR 46.0

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 409.9
Target Price: PKR 593.0

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 158.8
Target Price: PKR 208

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 179.3
Target Price: PKR 298.00

Sui Northern Gas Pipeline (SNGP) – BUY 
Current Price: PKR 7 4.9
Target Price: PKR 96.2

United Bank Limited (UBL) – BUY 
Current Price: PKR 154.4
Target Price: PKR 165.50

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 2 June, 2019

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

Top gainers of last week were:  UBL, BAHL, LUCK, and PSO.

Top losers of last week were: FFC, MCB, HBL, NML, and FFBL, .

Top Volume Leaders of last week:  Commercial Banks, Oil and Gas Marketing Companies, Automobile Assemblers, Oil and Gas Exploration Companies, and Tobacco.

The Pakistan Stock Exchange (PSX) market index managed to pare some losses during the outgoing week on belated approval of state-backed funds to buttress the bourse. The benchmark KSE-100 Index successfully closed in green and cumulatively gained 270 (0.8% up) in a week to settle at 35,974 levels.

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


  • The week commenced on a negative note because of profit-booking and a lack of clarity on creation of a market support fund, which remained in the limelight in the past two weeks
  • The resignation of Pakistan Stock Exchange (PSX) Managing Director and CEO Richard Morin also added to negative sentiments in the bourse
  • At end of the week, Bulls took over after the Economic Coordination Committee approved the market support fund worth Rs20 billion to buy selected shares to support the index
  • Budget developments would set direction in the next shortened week and ahead
  • The capital market remained under extreme volatility owing to economic targets set for the next fiscal year, but an approval of the stock market funds and rupee gains helped the index close on positive note during the outgoing week
  • Anticipation of market support funds attracted positive sentiments alongside the better volumes
  • The rupee gained some strength against the greenback, which further kept the sentiment positive and helped the bourse bounce from the lows 
  • Positive sector-wise contributions came from commercial banks (174 points), oil and gas marketing companies (120 points), automobile assemblers (53 points), oil and gas exploration companies (41 points) and tobacco (34 points). Sectors that contributed negatively included fertilisers (93 points) and textile composite (61 points)
  • Scrip-wise positive contributions came from UBL (67 points), BAHL (60 points), LUCK (58 points) and PSO (44 points). Negative scrip-wise contributions came from FFC (66 points), HBL (65 points), and NML (44 points)
  • Foreign selling clocked in at $2.95 million compared to a net buying of $0.02 million last week. Average volumes settled at 165 million shares, down eight percent from the preceding week while value traded clocked in at $48 million, up 22 percent from the preceding week
  • Sentiments got cemented after the approval of Saudi oil deferred payment facility of $3 billion/year, giving a cushion to the country’s foreign exchange reserves
  • Other major news that impacted the market included increase in taxes on cigarettes, reduction unaccounted for gas losses, electricity tariffs hike and oil price increase
  • Government borrowing from the central bank jumped 2.6 times in 11 months of the current fiscal year, as Islamabad continued to rely on the State Bank of Pakistan (SBP) to finance the budget deficit
  • The government approved utilization of savings of pensioners and bank depositors for injection into the stock market aimed at giving a boost to wealthy brokers and ending volatility in the bourse
  • State-owned mutual fund National Investment Trust (NIT) will manage the fund and inject it probably into state-owned listed companies including Oil and Gas Development Company, Pakistan Petroleum Limited, Pakistan State Oil and many more
  • Investor participation shrank as average daily volumes in the outgoing week went down 8% to 165 million shares while the average daily traded value surged 22% to $48 million
  • Drug Regulatory Authority cutting prices of 78 medicines
  • Chinese vice president visiting Pakistan
  • ECC deciding to import 200 mmcfd of LNG at 20% lower cost from Qatar
  • Shifting of China’s $2-billion SAFE deposits to loan category
  • Unity Foods announcing to acquire Sunridge Foods


Following are few BUY recommendations:

Attock Cement Ltd. (ACPL) – BUY 
Current Price: PKR 85.61
Target Price: PKR 142.6

Askari Bank (AKBL) – BUY 
Current Price: PKR 22.49
Target Price: PKR 28.4

Attock Petroleum (APL) – BUY 
Current Price: PKR 305.57
Target Price: PKR 479.57

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 24.17
Target Price: PKR 58.0

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 84.70
Target Price: PKR  97.64

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 47.35
Target Price: PKR  60.1

Bank of Punjab (BOP) – BUY 
Current Price: PKR 11.17
Target Price: PKR 18.3

Cherat Cement Co Limited (CHCC) – BUY 
Current Price: PKR 33.49
Target Price: PKR 71.00

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 60.24
Target Price: PKR 105

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 68.95
Target Price: PKR 91.0

Engro Foods (EFOODS) – BUY 
Current Price: PKR 50.85
Target Price: PKR 80.87

Engro Corporations (ENGRO) – BUY 
Current Price: PKR 283.80
Target Price: PKR 359.6

Engro Polymer & Chemical (EPCL) – BUY 
Current Price: PKR 28.25
Target Price: PKR 46.3

Fauji Fertilizer Bin Qasim (FFBL) – BUY 
Current Price: PKR 18.93
Target Price: PKR 35.73

Fauji Cement Company (FCCL) – BUY 
Current Price: PKR 16.88
Target Price: PKR 25.3

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 11.50
Target Price: PKR 25

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 79.85
Target Price: PKR 234.57

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 123.51
Target Price: PKR 143.25

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 79.55
Target Price: PKR 101.05

Indus Motors (INDU) – BUY 
Current Price: PKR 1,144
Target Price: PKR 1,426.6

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 39.01
Target Price: PKR 61.4

Kohat Cement Company (KOHC) – BUY 
Current Price: PKR 54.89
Target Price: PKR 111

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 15.69
Target Price: PKR 25.3

Lucky Cement (LUCK) – BUY 
Current Price: PKR 423.81
Target Price: PKR 605.8

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR   1143.70
Target Price: PKR 1,983.6

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   176.90
Target Price: PKR 224

Meezan Bank Limited (MEBL) – BUY 
Current Price: PKR 91.71
Target Price: PKR 115.80

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 23.94
Target Price: PKR 56.6

Millat Tractors Limited (MTL) – BUY 
Current Price: PKR 862.41
Target Price: PKR 1,017

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 42.37
Target Price: PKR 66.51

Nishat Chunian Limited (NCL) – BUY 
Current Price: PKR 38.09
Target Price: PKR 55.00

Nishat Chunian Power Limited (NCPL) – BUY 
Current Price: PKR 19.79
Target Price: PKR 27.8

Nishat Mills (NML) – BUY 
Current Price: PKR 106.75
Target Price: PKR 158.00

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 24.50
Target Price: PKR 32.5

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 136.74
Target Price: PKR 190

Pak Elecktron Ltd (PAEL) – BUY 
Current Price: PKR 22.16
Target Price: PKR 28.20

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 23.76
Target Price: PKR 46.0

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 444.85
Target Price: PKR 593.0

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 164.28
Target Price: PKR 208

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 201.06
Target Price: PKR 298.00

Sui Northern Gas Pipeline (SNGP) – BUY 
Current Price: PKR 75.65
Target Price: PKR 96.2

United Bank Limited (UBL) – BUY 
Current Price: PKR 158.82
Target Price: PKR 154.60

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