Pakistan Stock Exchange (PSX) Weekly Analysis 4 Sep, 2016

BUY recommendations are ABL, DGKC, EFERT, EFOODS, ENGRO, FATIMA, FCCL, FFBL, HBL, KEL, KOHC, LUCK, MCB, MLCF, OGDC, PAEL, PIOC, PKGP, PSMC, PSO, PTC, and TGL.

Top gainers of last week were: Muree Brewery Co Ltd, Service Indus, Shell Pakistan, Honda Atlas Cars, Ibrahim Fibres, Thal Limited, Ghani Glass Ltd, Associated Services Limited, Hum Network Ltd and Pak Suzuki Motor.

Top losers of last week were: Ferozsons (Lab), Allied Rental Mod, Indus Dyeing, Pioneer Cement, Maple Leaf Cement, Lucky Cement, Kohat Cement, Cherat Cement, B.O.Punjab and Engro Foods Ltd.

Top ten volume leaders: KEL, TRG, SNGP, BOP, SSGC, PIBTL, NBP, PTC, JSCL, EFOODS and NCL.

The Pakistan Stock Exchange (PSX) market index remained a cliffhanger for markets, coming off of the high water mark of 40K as result announcements were met with a passive reaction from market participants. KSE-100 index has reached on 39,465 by decreasing -462 points or -1.16 %.While KSE-30 index has reached on 22,344 by decreasing -427 points or -1.88 %.

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


  • Average volumes surged by 60% WoW mainly driven by acquisition led stories in KEL and BYCO
  • Foreigners remained net sellers offloaded shares worth USD3.34mn during the outgoing week
  • Pakistani vessel arrested at South African port released
  • Import of RON 92 standard petrol likely to start in November
  • Government raises Rs173bn through T-bills
  • The State Bank of Pakistan (SBP) has announced that it will initiate a survey of Pakistan's Foreign Portfolio Investments Assets in order to meet the international requirements
  • LOADS Limited (LOADS) intends to access the equity markets through an IPO, whereby 50mn shares are on offer making up 40% of the post IPO paid up capital. The shares will be offered in two phases, first through a book building process (35.625mn shares) and later in a general public issue (14.375mn shares)


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 96.0
Target Price: PKR 120.00

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 66.0
Target Price: PKR 83.0

DG Khan Cement (DGKC) – BUY 
Current Price: PKR 192.0
Target Price: PKR 230.0

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 67.4
Target Price: PKR 95

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 137.6
Target Price: PKR 163

Engro Corporation (ENGRO) – BUY
Current Price: PKR 305.5
Target Price: PKR 362

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 33.2
Target Price: PKR 48.68

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 37.4
Target Price: PKR 47

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 52.59
Target Price: PKR 60.48

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 215.9
Target Price: PKR 255

K-Electric (KEL) – BUY
Current Price: PKR 9.0
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 261.3
Target Price: PKR 353

Lucky Cement (LUCK) – BUY
Current Price: PKR 661.4
Target Price: PKR 755.0

MCB Bank Limited (MCB) – BUY 
Current Price: PKR 209.6
Target Price: PKR 240

Maple Leaf Cement Factory (MLCF) – BUY 
Current Price: PKR 101.9
Target Price: PKR 123.0

Nishat Mills (NML) – BUY 
Current Price: PKR 122.3
Target Price: PKR 140.0

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 137.5
Target Price: PKR 172.00

Pak Electron (PAEL) – BUY 
Current Price: PKR 71.0
Target Price: PKR 83

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 71.0
Target Price: PKR 83

Pak Gen Power (PKGP) – BUY 
Current Price: PKR 25.5
Target Price: PKR 41

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 496.5
Target Price: PKR 532

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 394.1
Target Price: PKR 456

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 16.2
Target Price: PKR 21.9

Tariq Glass (TGL) – BUY 
Current Price: PKR 90.5
Target Price: PKR 120

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.

Written by: Rana Khurram

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