Pakistan Stock Exchange (PSX) Weekly Analysis 19 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: SHEL, JGICL, JLICL, SNGP, FFBL, RMPL, CSAP, PAEL, SRVI and IBFL.

Top losers of last week were: ISL, FEROZ, AKBL, TRG, BAHL, ARM, FCCL, FML, JSCL and BAFL.

Top Volume Leaders of last week: KEL, TRG, BOP, PAEL, SNGP, SSGC, PIBTL, FFBL, ISL, EFERT and AKBL.

The Pakistan Stock Exchange (PSX) market index remained dull and gloomy throughout the week. KSE-100 index has reached on 49,375 by decreasing 550 points or 1.1 %.

Average trading volumes increased by 15% to 354mn shared during the week with concentration primarily in retail favorites that included ASL, KEL, POWER, DSL and TRG, cumulatively contributing 32% of total market volume.

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


  • The political uncertainty surrounding the ‘Panamagate” case and the tumbling law and order situation trapped the bull in its tracks, with savvy investors resorting to profit taking on the first opportunity presented with the results announcement
  • Cements, Steels & Chemicals were major laggards, while Banks and Oil & Gas sector supported the index with fewer gains
  • Pharmaceutical companies ending their strike after reaching an agreement with provincial government
  • MTL’s announcement of its intention to join NML’s joint venture with Hyundai (announced earlier) for setting up an automobiles plant
  • Foreigners remained net buyers during the outgoing week, mopping up USD4.25mn worth of shares, down by 21% WoW
  • Remittances slipped to $10.9 billion in seven months
  • The Sui Southern Gas Company Limited (SSGCL) is laying nine gas pipelines in various areas of Sindh and Balochistan to augment its existing transmission network
  • The country's power sector receivables have soared to Rs 726.19 billion as of December 2016 as compared to Rs 684.06 billion on June 30, 2016, showing an increase of 6 per cent in just six months
  • The Pakistan National Shipping Corporation (PNSC) is going to purchase three tankers at an estimated cost of $65 million
  • ENGRO crushed hopes of its investors regarding a large payout as it announced a much lower than anticipated dividend consequently taking a sizeable hit
  • MARI’s recent discovery of Hydro-carbon reserves in Ghotki failed to have an impact on its stock performance as it remained lull throughout the week


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 106.06
Target Price: PKR 132

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 76.13
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 655.9
Target Price: PKR 796

Al Shaheer Corporation Ltd. (ASC) – BUY 
Current Price: PKR 50.69
Target Price: PKR 82

Bank Al-Habib Limited (BAHL) – BUY 
Current Price: PKR 54.12
Target Price: PKR 64

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 236.9
Target Price: PKR 270

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 69.7
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 191.03
Target Price: PKR 225

Engro Corporation (ENGRO) – BUY
Current Price: PKR 361.97
Target Price: PKR 391

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 43.9
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 56.6
Target Price: PKR 67

General Tyre & Rubber  (GTYR) – BUY 
Current Price: PKR 264.83
Target Price: PKR 313

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 357.96
Target Price: PKR 428

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 270.95
Target Price: PKR 304

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 118.75
Target Price: PKR 133

Indus Motors (INDU) – BUY
Current Price: PKR 1,703.67
Target Price: PKR 1,974

Kot Adu Power (KAPCO) – BUY
Current Price: PKR 82.30
Target Price: PKR 107

K-Electric (KEL) – BUY
Current Price: PKR 10
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 270.0
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 22.59
Target Price: PKR 46

Lucky Cement (LUCK) – BUY 
Current Price: PKR 867.89
Target Price: PKR 1,046

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 129.4
Target Price: PKR 165

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 227.31
Target Price: PKR 280

Meezan Bank (MEBL) – BUY 
Current Price: PKR 66.90
Target Price: PKR 72

National Foods (NATF) – BUY 
Current Price: PKR 365.00
Target Price: PKR 473

Nishat Power (NPL) – BUY 
Current Price: PKR 60.42
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 156.6
Target Price: PKR 200

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 143.5
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 24.37
Target Price: PKR 47

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 480.4
Target Price: PKR 569.4

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 175.5
Target Price: PKR 218

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 462.0
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 17.45
Target Price: PKR 21.9

Tariq Glass (TGL) – BUY 
Current Price: PKR 102.2
Target Price: PKR 120

United Bank Limited (UBL) – BUY 
Current Price: PKR 241.86
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. Dear Admin, it will be highly appreciated if you mention time frame or MM-YY against target price of each script. JazakAllah

    ReplyDelete
  2. Thank you admin khuraam sb
    Allah hum sb pr reham kry

    ReplyDelete