Pakistan Stock Exchange (PSX) Weekly Analysis 5 March, 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, POWER, PPL, PSO, PTC, TGL and UBL.

Top gainers of last week were: IDYM, PGF, CSAP, PAKT, SNGP, ATRL, ICI, MTL, IGIIL and POML.

Top losers of last week were: FML, NCL, SHFA, BWCL, NCPL, SRVI, IBFL, HMB, PICT and ARM.

Top Volume Leaders of last week: KEL, TRG, BOP, SSGC, SNGP, PAEL, ISL, NCL, PIBTL, NBP, and NML.

The Pakistan Stock Exchange (PSX) market index recovers as clarity emerges on margin financing issues. KSE-100 index has reached on 49,624 by increasing 616 points or 1.26 %, while KSE-30 index reached on 26,932 by increasing 340 points or 1.28 %.

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


  • Trading volumes remained on the top and appreciated 55% to settle at 148m shares as compared to 96m shares recorded last day
  • Construction work on much-vaunted Turkmenistan-Afghanistan-Pakistan and India (TAPI) gas pipeline project has been kick off in Pakistan on Friday
  • The State Bank of Pakistan (SBP) Friday imposed a 100% cash margin requirement on the import of some 404 items with immediate effect. The requirement has been prescribed on items such as mobile phones, cigarettes, jewelry, cosmetics, personal care, electrical and home appliances, arms and ammunitions, etc 
  • PSMC sent an investment plan of US$660mn to the government, requesting same benefits/incentives for 2 years from the start of mass production of new models instead of 5 years granted to new entrants in the Auto Policy 2016-21
  • MUGHAL announced to set up 6 additional lines of 3.1MW gas CPP taking total CPP capacity to 27.9MW and spend PkR1bn on these lines and BMR of existing re‐rolling mill
  • SBP issued PkR387.4bn worth of T-Bills against the participation of PkR473bn with cut-off yields on 3m, 6m, 12m papers of 5.9463%, 5.9896%, and 5.9935%, respectively
  • SNGP’s BoD approved a capital intensive project for development of 1,200mmcfd LNG pipeline from Karachi to Lahore at an estimated cost of PkR111bn with expected COD of Oct’18
  • Retail favorites ASL and POWER pared gains, as market punters hinted at a possible rights issue by both companies to fund their expansion plans
  • German truck maker MAN SE to set up assembly plant in Pakistan
  • Nishat Group, which has recently entered into an agreement with Hyundai Motor Company to set up a car assembly plant in Pakistan, is planning to introduce electric and hybrid passenger cars 
  • Foreigners were net sellers of US$32.7mn during the week as against selling of US$4.8mn during the previous week. Major buying was seen in Oil & Gas Exploration Sector whereas major selling was seen in Cement Sector
  • PSX to sell 20% stake to general public through book building


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 99.84
Target Price: PKR 132

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 75.28
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 634.92
Target Price: PKR 796

Al Shaheer Corporation Ltd. (ASC) – BUY 
Current Price: PKR 46
Target Price: PKR 82

Bank Al-Habib Limited (BAHL) – BUY 
Current Price: PKR 54.50
Target Price: PKR 64

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 239.32
Target Price: PKR 270

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 69.32
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 184.30
Target Price: PKR 225

Engro Corporation (ENGRO) – BUY
Current Price: PKR 380.43
Target Price: PKR 391

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 45.14
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 53.40
Target Price: PKR 67

General Tyre & Rubber  (GTYR) – BUY 
Current Price: PKR 272.29
Target Price: PKR 313

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 286.34
Target Price: PKR 304

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 321.33
Target Price: PKR 428

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 113.76
Target Price: PKR 133

Indus Motors (INDU) – BUY
Current Price: PKR 1,642.60
Target Price: PKR 1,974

Kot Adu Power (KAPCO) – BUY
Current Price: PKR 80.77
Target Price: PKR 107

K-Electric (KEL) – BUY
Current Price: PKR 9.91
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 278.97
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 22.22
Target Price: PKR 46

Lucky Cement (LUCK) – BUY 
Current Price: PKR 870.89
Target Price: PKR 1,046

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 127.02
Target Price: PKR 165

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 231.94
Target Price: PKR 280

Meezan Bank (MEBL) – BUY 
Current Price: PKR 66.25
Target Price: PKR 72

National Foods (NATF) – BUY 
Current Price: PKR 347.50
Target Price: PKR 473

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 48.32
Target Price: PKR 59

Nishat Power (NPL) – BUY 
Current Price: PKR 54.24
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 158.76
Target Price: PKR 200

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 145.18
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 23.29
Target Price: PKR 47

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 478.85
Target Price: PKR 569.4

Power Cement (POWER) – BUY 
Current Price: PKR 19.94
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 172.3
Target Price: PKR 218

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 459.11
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 16.80
Target Price: PKR 21.9

Tariq Glass (TGL) – BUY 
Current Price: PKR 112.8
Target Price: PKR 120

United Bank Limited (UBL) – BUY 
Current Price: PKR 248.93
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

3 comments:

  1. This comment has been removed by the author.

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  2. Target Price is for December 17?

    Can you pls update upcoming IPO?

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