Pakistan Stock Exchange (PSX) Weekly Analysis 9 April, 2017

BUY recommendations are ABL, AICL, APL, ASC, BAFL, BAHL, DGKC, EFERT, EFOODS, ENGRO, FCCL, FFBL, FFC, GTYR, GWLC, HBL, HASCOL, 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: SSGC, MARI, INDU, MEBL, FEROZ, PPL, UBL, SNBL, HCAR and BATA.

Top losers of last week were: NBP, EFUG, BOP, IDYM, COLG, NCL, CJPL, JSCL, IBFL and AICL.

Top Volume Leaders of last week: BOP, TRG, KEL, NBP, EFERT, SNGP, SSGC, PAEL, FFBL, FFC, and BAFL.

The Pakistan Stock Exchange (PSX) market index sustained its lackluster performance during the week as uncertainty from the possible verdict on Panama case persisted while volumes remained thin owing to absence of leverage product. KSE-100 index has reached on 47,889 by decreasing -267 points or -0.55 %, while KSE-30 index reached on 25,418 by decreasing -198 points or -0.77 %.

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


  • Foreigners turned net buyers in the outgoing week, mopping up USD9.25mn worth of shares against net sell of USD19mn in the preceding week. Whereas, Banks & DFIs remained net sellers, selling USD 16.8mn worth of shares
  • Large Scale Manufacturing (LSM) sector recorded a growth of 3.9 percent during the first half of FY17, the same level realised last year, the State Bank of Pakistan's second quarterly report
  • The Pakistan Tele-communication Authority (PTA) has formally invited applications from interested mobile phone service providers to participate in the auction for a 3G/4G mobile internet licence
  • The Punjab government on Monday withdrew a ban imposed on cotton cultivation before 15 April, although it didn’t unveil any plan to pro-vide irrigation water for the crop’s sowing
  • Bestway Cement (BWCL) notified the bourse that they will not be proceeding with the acquisition of Dewan Cement’s (DCL) North Plant due to delay & uncertainty from legal proceedings. DCL share price rose to its upper limit (5%) as investors likely viewed the decision to retain the plant as more favorable for DCL shareholders in the long run 
  • Asian Development Bank (ADB) projected Pakistan’s economic growth at 5.2% for the current fiscal year due to better security, macroeconomic stability and investment under the CPEC projects. “The GDP growth is expected to edge up to 5.2% in FY2017 and 5.5% in FY2018, underpinned by higher growth in the major industrial economies,” the ADB’s new Asian Development Outlook (ADO) 2017 stated


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 93.00
Target Price: PKR 132

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 71.46
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 624.7
Target Price: PKR 796

Al Shaheer Corporation Ltd. (ASC) – BUY 
Current Price: PKR 46.22
Target Price: PKR 82

Bank Al-Falah Limited (BAFL) – BUY 
Current Price: PKR 36.8
Target Price: PKR 42

Bank Al-Habib Limited (BAHL) – BUY 
Current Price: PKR 52.11
Target Price: PKR 64

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 230.3
Target Price: PKR 270

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 61.5
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 163.65
Target Price: PKR 225

Engro Corporation (ENGRO) – BUY
Current Price: PKR 354.78
Target Price: PKR 391

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 42.3
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 51.0
Target Price: PKR 67

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 100.5
Target Price: PKR 122.0

General Tyre & Rubber (GTYR) – BUY 
Current Price: PKR 292.42
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 267.25
Target Price: PKR 304

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 295.89
Target Price: PKR 428

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 102.01
Target Price: PKR 133

Indus Motors (INDU) – BUY
Current Price: PKR 1,678.80
Target Price: PKR 1,974

Kot Adu Power (KAPCO) – BUY
Current Price: PKR 76.50
Target Price: PKR 107

K-Electric (KEL) – BUY
Current Price: PKR 8.2
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 269.9
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 22.01
Target Price: PKR 46

Lucky Cement (LUCK) – BUY 
Current Price: PKR 866.37
Target Price: PKR 1,046

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 220.30
Target Price: PKR 280

Meezan Bank (MEBL) – BUY 
Current Price: PKR 74.98
Target Price: PKR 90

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 124.9
Target Price: PKR 154.0

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,323.16
Target Price: PKR 1,594.8

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 60.2
Target Price: PKR 74

National Foods (NATF) – BUY 
Current Price: PKR 330.00
Target Price: PKR 473

Nishat Chunian (NCL) – BUY 
Current Price: PKR 56.56
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 47.36
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 161.99
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 49.56
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 152.2
Target Price: PKR 200

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 140.0
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 21.79
Target Price: PKR 47

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 445
Target Price: PKR 569.4

Power Cement (POWER) – BUY 
Current Price: PKR 18.95
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 159.1
Target Price: PKR 218

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 417.0
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 621.15
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 234.8
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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