Pakistan Stock Exchange (PSX) Weekly Analysis 13 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: POML, SNBL, FFBL, BATA, SHFA, HMB, SHEL, MCB, ICI and RMPL.

Top losers of last week were: TRG, GHGL, ATRL, NRL, JSCL, FEROZ, NCL, MARI, FATIMA and FML.

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

The Pakistan Stock Exchange (PSX) market index remained under pressure as political noise, higher VaR requirement by regulator and lower international oil price kept the index in check. KSE-100 index has reached on 49,192 by decreasing -432 points or -0.87 %, while KSE-30 index reached on 26,605 by decreasing -327 points or -1.21 %.

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


  • Inaugural ceremony of the Front and Engineering Design (FEED) was held on 3rd Mar’17 to start work on the TAPI gas pipeline project
  • Circular debt at the end of Jan'17 stood at PkR370bn, up PkR50bn during 7MFY17
  • Urea sales decreased 38%MoM/20%YoY to 251k tons in Feb'17, while DAP sales clocked in at 92k tons, up 51%MoM/30%YoY
  • Pakistan's total sales of petroleum oil and lubricants clocked in at 1.74mn tons in Feb'17, down 15%MoM
  • TPL announced intention to acquire 69.12% additional shares in TPL direct insurance limited
  • HASCOL entered into lease agreement with BYCO for construction of storage facility of 36k MT in Balochistan
  • Oil stocks dragged the index as Oil prices registered a 3 month low after inventory data pointed towards a persistent glut albeit production cuts that came about towards the end of Nov-16 with , OGDC, PPL, TRG, PSO and MARI cumulatively dragging the index by 250pts
  • Foreigners (+USD15.4mn) and Mutual Funds (+USD8.6mn) were net buyers during the week, while Individual (-USD23.5mn) and & Banks/DFIs (USD3.3mn) were net buyers
  • Pioneer Cement Limited- Expansion Plans to Drive Efficiencies
  • United Bank Limited- Advances growth holds the Key for Valuation Rerating
  • Pakistan Petroleum Limited- PPL: 2H Offers More Promise, After a Mellow 1H
  • The government released Rs431 billion (54 per cent of the budgeted amount) till Friday last (February 24), including Rs118.6 billion foreign aid, for different development projects under the Public Sector Development Programme (PSDP) 2016-17 against the total budgeted allocation of Rs800 billion 
  • Pakistan has missed the cotton production target by around 25 per cent as the production has been recorded at 10.5 million bales against the set target of 14.1 million bales for 2016-17, it is learnt 
  • Water and Power Development Authority (Wapda) on Wednesday signed two agreements worth Rs 179.4 billion with a Chinese firm, China Gezhouba Group Company (CGGC), for construction of main civil works of stage-I of Dasu hydropower project which will have an installed capacity of 2160MW with six units (360 MW each)

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 98.0
Target Price: PKR 132

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 74.89
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 644.8
Target Price: PKR 796

Al Shaheer Corporation Ltd. (ASC) – BUY 
Current Price: PKR 48.50
Target Price: PKR 82

Bank Al-Habib Limited (BAHL) – BUY 
Current Price: PKR 54.20
Target Price: PKR 64

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 234.5
Target Price: PKR 270

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 68.1
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 183.70
Target Price: PKR 225

Engro Corporation (ENGRO) – BUY
Current Price: PKR 377.58
Target Price: PKR 391

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 44.3
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 56.2
Target Price: PKR 67

General Tyre & Rubber  (GTYR) – BUY 
Current Price: PKR 265.66
Target Price: PKR 313

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 288.30
Target Price: PKR 304

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 325.07
Target Price: PKR 428

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 110.56
Target Price: PKR 133

Indus Motors (INDU) – BUY
Current Price: PKR 1,622.50
Target Price: PKR 1,974

Kot Adu Power (KAPCO) – BUY
Current Price: PKR 79.96
Target Price: PKR 107

K-Electric (KEL) – BUY
Current Price: PKR 9.5
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 270.1
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 21.95
Target Price: PKR 46

Lucky Cement (LUCK) – BUY 
Current Price: PKR 888.06
Target Price: PKR 1,046

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 124.0
Target Price: PKR 165

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 238.11
Target Price: PKR 280

Meezan Bank (MEBL) – BUY 
Current Price: PKR 65
Target Price: PKR 72

National Foods (NATF) – BUY 
Current Price: PKR 353.66
Target Price: PKR 473

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 48.37
Target Price: PKR 59

Nishat Power (NPL) – BUY 
Current Price: PKR 54.71
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 151.9
Target Price: PKR 200

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 140.3
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 22.99
Target Price: PKR 47

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 467.06
Target Price: PKR 569.4

Power Cement (POWER) – BUY 
Current Price: PKR 18.18
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 167.1
Target Price: PKR 218

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 442.3
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 16.5
Target Price: PKR 21.9

Tariq Glass (TGL) – BUY 
Current Price: PKR 114.4
Target Price: PKR 120

United Bank Limited (UBL) – BUY 
Current Price: PKR 245.63
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:

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