Pakistan Stock Exchange (PSX) Weekly Analysis 13 February, 2017

BUY recommendations are ABL, AICL, APL, ASC, BAHL, DGKC, EFERT, ENGRO, FCCL, FFBL, HASCOL, HBL, INDU, KAPCO, KEL, KOHC, LPL, LUCK, MLCF, MCB, MEBL, NATF, NPL, OGDC, PIOC, PKGP, PPL, PSO, PTC, TGL and UBL.

Top gainers of last week were: Inter.Steel Ltd, Sui South Gas, Jubile Life Ins, Arif Habib Corp, National Bank, B.O.Punjab, Nishat Mills Ltd, Sui North Gas, D.G.K.Cement and Engro Corp.

Top losers of last week were: Mari Petroleum, National Foods, Ferozsons (Lab), MCB Bank Ltd, P.T.C.L., Crescent Steel, Hub Power Co., J.D.W.Sugar, Soneri Bank Ltd and Allied Bank Ltd.

Top Volume Leaders of last week: KEL, TRG, BOP, PTC, EFERT, SNGP, PIBTL, FCCL, SSGC, NBP and PAEL.

The Pakistan Stock Exchange (PSX) market index remained range bound during the week, posting an increase of a mere 0.7% WoW, just shy of the 50k mark at 49,925pts. KSE-100 index has reached on 49,925 by increasing 369 points or 0.75 %.While KSE-30 index has reached on 26,951 by increasing 234 points or 0.88 %.

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


  • World Bank to provide $145mln in financing to Engro Food’s buyer
  • Pak Suzuki unveils another imported vehicle this time the 1.4L Ciaz
  • Trading at the Pakistan Stock Exchange (PSX) remained range bound during outgoing week as confidence & liquidity waned amid SECP’s brokers probe clamping down on in-house financing, however, sentiments gained some respite as US lifted travel bans on Muslims; the KSE-100 index clocked in a high/low of 49,630/49,925 points closing the week up +0.7% WoW
  • Interest was seen in Fertilizer, Oil & Gas Marketing and Cement sectors, which were up 2.9%, 2.0% and 1.8% respectively. On the other hand, Tobacco, Power and Oil & Gas Exploration sectors showed decline of 7.2%, 2.3% and 2.0% respectively
  • Foreigner remained net buyers of US$5.4mn during the week as against selling of US$15.3mn last week. The market saw net buying after a lag of 13 weeks. Major buying was seen in Fertilizer and Banking Sectors whereas Food and Personal Care saw major selling
  • Mughal Steel (MUGHAL) notified the PSX of material information pertaining to SNGP enhancing their gas load for captive power generation from 1.8mmcfd to 2.8mmcfd. We believe additional gas allocation could potentially be used to enhance MUGHAL’s gas-fired CPP, which is currently operating 3 generators with aggregate capacity of 9.3MW
  • PIOC firming up its expansion plans with contract for 8,000tpd being finalized along with multiple power projects (12MW WHRP & 25MW Coal fired captive plant)
  • Hyundai Motor Company plans to set up a car assembly plant in Pakistan in a joint venture with local textile firm Nishat Mills, an official from Nishat said on Friday 
  • International Steel Limited (ISL) stated in a filing that the National Tariff Commission (NTC) has decided to impose definitive anti dumping duties on galvanized steel coils/sheets for a period of five years
  • PSO's receivables from different enterprises, particularly power companies, have swelled to PkR277bn
  • K-Electric initiates construction of $71 million grid station at Port Qasim


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 108.97
Target Price: PKR 132

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 75.01
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 646.6
Target Price: PKR 796

Al Shaheer Corporation Ltd. (ASC) – BUY 
Current Price: PKR 50.22
Target Price: PKR 82

Bank Al-Habib Limited (BAHL) – BUY 
Current Price: PKR 59.53
Target Price: PKR 64

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 244.9
Target Price: PKR 270

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 70.0
Target Price: PKR 83

Engro Corporation (ENGRO) – BUY
Current Price: PKR 379.66
Target Price: PKR 391

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 47.5
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 53.0
Target Price: PKR 67

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 367.08
Target Price: PKR 428

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 266.96
Target Price: PKR 304

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 120.62
Target Price: PKR 133

Indus Motors (INDU) – BUY
Current Price: PKR 1,700.50
Target Price: PKR 1,974

Kot Adu Power (KAPCO) – BUY
Current Price: PKR 81.88
Target Price: PKR 107

K-Electric (KEL) – BUY
Current Price: PKR 10.2
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 275.1
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 23.03
Target Price: PKR 46

Lucky Cement (LUCK) – BUY 
Current Price: PKR 860.56
Target Price: PKR 1,046

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 134.8
Target Price: PKR 165

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 226.02
Target Price: PKR 280

Meezan Bank (MEBL) – BUY 
Current Price: PKR 70.00
Target Price: PKR 72

National Foods (NATF) – BUY 
Current Price: PKR 374.28
Target Price: PKR 473

Nishat Chunian (NCL) – BUY 
Current Price: PKR 70.37
Target Price: PKR 74

Nishat Power (NPL) – BUY 
Current Price: PKR 63.00
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 156.8
Target Price: PKR 200

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 145.7
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 25.98
Target Price: PKR 47

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 490.58
Target Price: PKR 569.4

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 178.6
Target Price: PKR 218

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 474.3
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 17.93
Target Price: PKR 21.9

Tariq Glass (TGL) – BUY 
Current Price: PKR 102.4
Target Price: PKR 120

United Bank Limited (UBL) – BUY 
Current Price: PKR 240.90
Target Price: PKR 294

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

2 comments:

  1. RECOMMENDED BUY MAPPLE LEAF.... TARGET 150, BOARD MEETING TO TO BE HELD ON 15TH FEB 2017.

    ReplyDelete
  2. Tell us about SML AND PIBTL WHAT CHANCES IN FUTURE ?

    ReplyDelete