Pakistan Stock Exchange (PSX) Weekly Analysis 12 Sep, 2016

BUY recommendations are ABL, ASTL, DGKC, EFERT, EFOODS, ENGRO, FATIMA, FCCL, FFBL, HBL, INDU, KEL, KOHC, LUCK, MCB, MLCF, NCPL, NML, OGDC, PAEL, PIOC, PPL, PSMC, PSO, PTC and UBL.

Top gainers of last week were: Associated Services Limited, TRG Pakistan Ltd, B.O.Punjab, Ghani Glass Ltd, Sui South Gas, Indus Motor, Service Indus, Jah.Sidd. Co., Thal Limited and National Foods.

Top losers of last week were: Saif Power Ltd, EFU Life Assur Ltd., Ibrahim Fibres, Pak Tobacco Co, Kohat Cement, Packages Limited, J.D.W.Sugar, Orix Leasing, Engro Fertilizer and Maple Leaf Cem.

Top volume leaders: TRG, DCL, PACE, BOP and DSFL

The Pakistan Stock Exchange (PSX) market index continued to set new highs closing at 40,340 (+2.22%WoW) primarily led by index heavy weights Banks (+4.0%WoW) on expectations of bottoming out interest rates and E&Ps (+2.2%WoW) on higher international oil prices (WTI: +5.2%WoW).  KSE-100 index has reached on 40,340 by increasing 875 points or 2.22 %.While KSE-30 index has reached on 22,755 by increasing 411 points or 1.84 %.

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


  • Foreign participants preferred to offload their holding during the week as the first four days witnessed an outflow of USD4.7mn, while the tally for the month coming in at a negative USD8.94mn
  • Cement stocks continued paring gains in the earlier half of the week, only to see light of day in the second leg driven by value hunting
  • The automobile sector welcomed the listing of LOADS as it was handsomely oversubscribed and clocked in at a price which was 2.26x higher than its floor value
  • The major gainers during the week included mostly third tier stocks as TRG gained 19.41% in the week, followed by BOP that gathered 13.76%, while other notable names included GHGL (↑13.76%), SSGC (↑10.97%), INDU (↑10.11%) and THALL (↑8.66%) 
  • In a landmark decision, the government, on the recommendations of the Securities and Exchange Commission of Pakistan (SECP), has accorded tax neutrality to sukuk by allowing certain tax exemptions that were earlier available only to conventional securitization issues 
  • Russia, Saudi Arabia agree cooperation on oil price, not freeze
  • Bahrain‐based Al Baraka Banking Group, one of the Gulf´s top Islamic banks, said its Pakistani unit would merge with Pakistan´s Burj Bank to create an institution with assets totalling more than $1.1 billion 
  • Sales of refrigerators, deep freezers increase as Eid nears
  • Dewan Farooque Motors to resume production by Oct
  • World Call to buy back Omantel stake in $47mln deal
  • Pakistan’s electricity generation surges 12pc
  • Minister for Planning Development and Reforms Ahsan Iqbal Wednesday said the government planned to launch 5th generation cellular services soon to ensure faster connectivity 
  • Nepra grants licence to Hubco's coal‐fired power project


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 97.0
Target Price: PKR 120.0

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 65.3
Target Price: PKR 84.0

DG Khan Cement (DGKC) – BUY 
Current Price: PKR 191.1
Target Price: PKR 230.0

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 66
Target Price: PKR 95

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 142
Target Price: PKR 163

Engro Corporation (ENGRO) – BUY
Current Price: PKR 303.8
Target Price: PKR 361

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 33.0
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 53
Target Price: PKR 60.48

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

Indus Motors (INDU) – BUY
Current Price: PKR 1156.2
Target Price: PKR 1274,7

K-Electric (KEL) – BUY
Current Price: PKR 8.9
Target Price: PKR 13

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

Lucky Cement (LUCK) – BUY
Current Price: PKR 656.6
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 99.8
Target Price: PKR 123.0

Nishat Chun Power Lmited (NCPL) – BUY 
Current Price: PKR 55.9
Target Price: PKR 60

Nishat Mills Lmited (NML) – BUY 
Current Price: PKR 122.3
Target Price: PKR 144.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 143
Target Price: PKR 172.00

Pak Electron (PAEL) – BUY 
Current Price: PKR 72
Target Price: PKR 83

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 109
Target Price: PKR 136

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 159.7
Target Price: PKR 193.8

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 517.7
Target Price: PKR 661

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

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 17
Target Price: PKR 21.9

United Bank Limited (UBL) – BUY 
Current Price: PKR 200.1
Target Price: PKR 235.0

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

3 comments:

  1. What about TGL ....you're target was 120 .... But not mansion in this post?

    ReplyDelete
  2. Can u guide me abt highnoon lab share and whts its prediction

    ReplyDelete
  3. The Pakistan Stock Exchange (PSX) ended another session flat. Asian markets jolted after drop in crude oil prices. The prices of crude oil trembled over 6% in Asian trade after the Organisation of the Petroleum Exporting Countries (OPEC) disappointed investors.
    Karachi Stock Exchange 100 Index

    ReplyDelete