Pakistan Stock Exchange (PSX) Weekly Analysis 17 April, 2017

BUY recommendations are ABL, ACPL, AICL, APL, ASC, BAFL, BAHL, DGKC, EFERT, EFOODS, ENGRO, FCCL, FFBL, FFC, GTYR, GWLC, HASCOL, HBL, HCAR, HTL, INDU, KAPCO, KEL, KOHC, LPL, LUCK, MCB, MEBL, MLCF, MTL, NBP, NATF, NCL, NCPL, NML, NPL, OGDC, PIOC, PKGP, POL, POWER, PPL, PSO, PTC, SEARL, TGL and UBL..

Top gainers of last week were: POML, PSMC, HASCOL, SSGC, MUREB, IDYM, COLG, FEROZ, PIOC and JLICL.

Top losers of last week were: JGICL, FATIMA, PAKT, MARI, EFOODS, NML, GLAXO, PMPK, BNWM and BATA.

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

The Pakistan Stock Exchange (PSX) market index exhibited heightened levels of volatility, trading in a 880point/2%-wide range which drew out improved participation as ADT volume/value was up 10%/9% WoW to 171mn.sh/US$87mn. KSE-100 index has reached on 47,577 by decreasing -312 points or - 0.65 %, while KSE-30 index reached on 25,212 by decreasing -206 points or - 0.81 %.

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


  • Pak-Suzuki plans to replace the current Cultus model with the latest available international model. The same model is known as Celerio internationally. Suzuki Cultus 2017 is set to launch on April 22nd, 2017. There is no official word on the pricing yet, though, it is expected to cost around Rs. 1,250,000
  • CPEC investments increased to USD62bn
  • Despite CM Sinds threats SSGC rallied 7% as investors were likely more thrilled with lifting of moratorium on gas connections & RLNG pipeline project
  • The foreign investors resorted to step out as the FIPI number punched a net outflow of USD 2.21bn, while local banks also shared the sentiments as they further fueled the selling spree
  • A German company namely Fugro is set to start its work on second phase of exploration of mineral resources in Chiniot and its ad-joining areas
  • The Ministry of Petroleum and Natural Resources has submitted a proposal to the federal Cabinet on import of Liquefied Natural Gas (LNG) from Italy on government-to-government basis, a country which itself is a major importer of gas, which may make the proposed deal controversial
  • Bestway Cement Ltd (BCL) has said it is pulling out of a deal to acquire Dewan Cement Ltd’s (DCL) north plant due to delay and uncertainty arising out of the recent legal proceedings initiated in the Sindh High Court (SHC)
  • The United Arab Emirates (UAE) has allowed transportation of halal products from Paki-stan via sea which would bring down freight cost by one third
  • Forbes Maga-zine has rated General Tyre amongst Asia's 200 best companies below 1 Billion Club for 2016
  • The Federal Cabinet on Wednesday approved a number of agenda items, enhancing cooperation and agreements between Pakistan and other countries in the field of aviation, defense, interior, health, law and order and others. The cabinet also approved a policy to outsource the management of the country's three major airports along the lines of a public-private part-nership. Karachi, Lahore and Islamabad's international airports would be the first to be tackled by this change in policy
  • Member IT of the Federal Board of Revenue (FBR) disclosed Thursday that the federal budget for 2017-18 would be announced in the third week of May 2017 and a leg-islation would be proposed in Finance Bill 2017 to exempt mobile phone subscribers (below taxable limit) from payment of withholding tax in cases where they are not liable to file returns
  • Foreigners turned net sellers during the week, offloading USD2.84mn worth of shares


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 92.0
Target Price: PKR 132

Attock Cement Ltd. (ACPL) – BUY 
Current Price: PKR 338.0
Target Price: PKR 372.0

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 69.68
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 629.1
Target Price: PKR 796

Al Shaheer Corporation Ltd. (ASC) – BUY 
Current Price: PKR 46.10
Target Price: PKR 82

Bank Al-Falah Limited (BAFL) – BUY 
Current Price: PKR 37.0
Target Price: PKR 42

Bank Al-Habib Limited (BAHL) – BUY 
Current Price: PKR 51.50
Target Price: PKR 64

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 230.8
Target Price: PKR 270

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 60.8
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 152.65
Target Price: PKR 225

Engro Corporation (ENGRO) – BUY
Current Price: PKR 343.78
Target Price: PKR 391

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 41.7
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 52.5
Target Price: PKR 67

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 97.8
Target Price: PKR 122.0

General Tyre & Rubber (GTYR) – BUY 
Current Price: PKR 303.92
Target Price: PKR 313

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 58.3
Target Price: PKR 104.0

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 268.7
Target Price: PKR 304

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 777.2
Target Price: PKR 912.2

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 317.49
Target Price: PKR 428

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 101.51
Target Price: PKR 133

HUB Power Company (HUBCO) – BUY 
Current Price: PKR 126.1
Target Price: PKR 138.5

Indus Motors (INDU) – BUY
Current Price: PKR 1,674.8
Target Price: PKR 1,974

Kot Adu Power (KAPCO) – BUY
Current Price: PKR 74.98
Target Price: PKR 107

K-Electric (KEL) – BUY
Current Price: PKR 8.0
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 264.7
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 21.55
Target Price: PKR 46

Lucky Cement (LUCK) – BUY 
Current Price: PKR 867.3
Target Price: PKR 1,046

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 218.19
Target Price: PKR 280

Meezan Bank (MEBL) – BUY 
Current Price: PKR 74
Target Price: PKR 90

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 122.0
Target Price: PKR 154.0

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,264.2
Target Price: PKR 1,594.8

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 62.0
Target Price: PKR 74

National Foods (NATF) – BUY 
Current Price: PKR 329.06
Target Price: PKR 473

Nishat Chunian (NCL) – BUY 
Current Price: PKR 55.1
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 47.01
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 152.6
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 50.96
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 153.4
Target Price: PKR 200

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 145.0
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 21.11
Target Price: PKR 47

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 458.71
Target Price: PKR 569.4

Power Cement (POWER) – BUY 
Current Price: PKR 18.68
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 162.2
Target Price: PKR 218

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 420.4
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 15.9
Target Price: PKR 21.9

The Searle Co. Ltd (SEARL) – BUY 
Current Price: PKR 640.0
Target Price: PKR 816.6

Tariq Glass (TGL) – BUY 
Current Price: PKR 117.1
Target Price: PKR 134

United Bank Limited (UBL) – BUY 
Current Price: PKR 235.5
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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