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

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

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 http://www.karachistockexchange.org, 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

ENGRO Foods (EFOODS) – BUY 
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 (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

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