Pakistan Stock Exchange (PSX) Weekly Analysis 2 April, 2017


Top gainers of last week were: PMPK, JSCL, MARI, PAKT, IBFL, EFUG, MEBL, MTL, PAEL and SHEL.

Top losers of last week were: BOP, SSGC, POML, TRG, HASCOL, PICT, NML, FABL, SNBL and PSMC.

Top Volume Leaders of last week: BOP, KEL, TRG, SNGP, JSCL, SSGC, PAEL, NBP, DCR, DGKC, and FABL.

The Pakistan Stock Exchange (PSX) market index declined 815pts/1.7% WoW on the back of future roll-over & political uncertainty. KSE-100 index has reached on 48,156 by decreasing 815 points or -1.66 %, while KSE-30 index reached on 25,616 by decreasing 558 points or -2.13 %.

According to experts of, following news have played vital role in Karachi Stock Market index movement:

  • State Bank of Pakistan maintains policy rate at 5.75pc
  • Average volumes also took a hit, down 3.5% WoW, as investors employed a prudent approach ahead of the all-important Panama leaks verdict from the apex court
  • Foreigners turned major sellers during the week, selling USD19.0mn worth of shares compared to net sell of USD3.5mn in the previous week
  • International investors also chose to book profits during the week, as FIPI registered US$19mn of net selling during the week, against US$3.5mn of net buying activity witnessed last week
  • Cement sector also underwent price deterioration (down 2.6% WoW), pulled down by the news of KP government issuing 14 licenses to companies (including GWLC, BWCL) to set up cement factories in the province 
  • Forex reserves dropped to US$21.79bn
  • Service Industries (SRVI) announced 2016 consolidate profit of Rs1.2bn (+31.6% YoY) translating to an EPS of Rs103.45, on sales revenue of Rs19bn (+8.2% YoY). Growth in earnings stemmed from higher gross margins of 19.88% as compared to 17.19% last year. Along with the result, SRVI declared final cash dividend of Rs25 per share 
  • Supreme Court is expected to announce much awaited judgment in the Panama Papers case by mid-April
  • Government of Pakistan allowed PTA to auction a next generation mobile services (NGMS) license with a base price of US$295mn from the frequency spectrums left unsold in the previous two auctions 
  • NML is selling 40% stake of its auto assembling business to the Japanese giant Sojitz Corporation
  • OGRA proposed an increase of PkR2.28/ltr for MOGAS, PkR2.04/ltr for HSD, PkR13/ltr for kerosene oil and PkR7.75 for LDO for next month's oil prices

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 94.00
Target Price: PKR 132

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 75.63
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 634.79
Target Price: PKR 796

Al Shaheer Corporation Ltd. (ASC) – BUY 
Current Price: PKR 46.80
Target Price: PKR 82

Bank Al-Habib Limited (BAHL) – BUY 
Current Price: PKR 53.55
Target Price: PKR 64

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 232.40
Target Price: PKR 270

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 62.66
Target Price: PKR 83

Current Price: PKR 162.44
Target Price: PKR 225

Engro Corporation (ENGRO) – BUY
Current Price: PKR 368.02
Target Price: PKR 391

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 42.68
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 52.23
Target Price: PKR 67

General Tyre & Rubber (GTYR) – BUY 
Current Price: PKR 271.08
Target Price: PKR 313

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 269.61
Target Price: PKR 304

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 299.90
Target Price: PKR 428

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 110.64
Target Price: PKR 133

Indus Motors (INDU) – BUY
Current Price: PKR 1,591.56
Target Price: PKR 1,974

Kot Adu Power (KAPCO) – BUY
Current Price: PKR 80.21
Target Price: PKR 107

K-Electric (KEL) – BUY
Current Price: PKR 8.18
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 263.39
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 22.11
Target Price: PKR 46

Lucky Cement (LUCK) – BUY 
Current Price: PKR 837.39
Target Price: PKR 1,046

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 124.06
Target Price: PKR 165

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 227.40
Target Price: PKR 280

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 124.1
Target Price: PKR 154.0

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,316.4
Target Price: PKR 1,594.8

National Foods (NATF) – BUY 
Current Price: PKR 336.62
Target Price: PKR 473

Nishat Chunian (NCL) – BUY 
Current Price: PKR 60.57
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 48.00
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 165.20
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 51.05
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 148.31
Target Price: PKR 200

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 143.00
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 22.21
Target Price: PKR 47

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 450
Target Price: PKR 569.4

Power Cement (POWER) – BUY 
Current Price: PKR 19.92
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 154.9
Target Price: PKR 218

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 423.52
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 16.2
Target Price: PKR 21.9

The Searle Co. Ltd (SEARL) – BUY 
Current Price: PKR 631.9
Target Price: PKR 816.6

Tariq Glass (TGL) – BUY 
Current Price: PKR 118.16
Target Price: PKR 134

United Bank Limited (UBL) – BUY 
Current Price: PKR 227.63
Target Price: PKR 294

Thank you very much for reading this article.

NOTE: The information posted in this blog /forum ( is based on current affairs & investors point of view. There may be discrepancy in the ground realities.

Written by: Rana Khurram

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