Pakistan Stock Exchange (PSX) Weekly Analysis 1 May, 2017


Top gainers of last week were: PSMC, PAKT, INDU, HUMNL, GHGL, PAEL, GLAXO, HCAR, NRL and MTL.

Top losers of last week were: FEROZ, CSAP, CPPL, PPL, SEARL, CJPL, EFERT, NCL, NML and IBFL.

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

The Pakistan Stock Exchange (PSX) market index lost its momentum in the current week as results announced by companies failed to excite investors. KSE-100 index has reached on 49,301 by decreasing -408 points or -0.82 %, while KSE-30 index reached on 26,005 by increasing -449 points or -1.70 %.

Average traded volume picked up 29% WoW averaging at 359mn shares, while value traded was up 7% WoW.

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

  • The political front remained heated in the country as opposition parties demanded the PM to step down paving way for an impartial probe of the Panama allegations
  • Foreign participants are yet to post any sizeable interest as the FIPI figures recorded an outflow of USD32.72mn during the current month
  • The market took traction from an advancing automobile sector, whereby new model launch of Suzuki Cultus and rumors of a large taxi scheme in the offing energized PSMC
  • INDU followed closely, led by stellar earnings and payout, which surpassed expectations on the street, while market chatter on the introduction of a facelift for Corolla kept interest alive in the stock
  • The local E&P names bled value on account of post result profit taking and lower international crude, while disclosure of a size-able discovery of gas in Gambat South block by PPL failed to ignite the stock
  • Lower than expected results compressed the Pharmaceutical sector as most leading names pared gains dipping into red territory
  • The Securities and Exchange Com-mission of Pakistan (SECP) has approved the first private equity and venture capital fund worth $100 million under Private Funds Regulations 2015
  • Honda Atlas launched its first locally produced sub-compact Sports Utility Vehicle (SUV) on Friday, comprising 45% local components, stated the company
  • The Utility Stores Corporation (USC) launched the second phase of Ramazan Relief Package on Monday by reducing the prices of more than 450 items by up to 10 per cent
  • Ministry of Planning, Development & Reform has said that Pakistan will wit-ness industrial revolution with the initiation of second phase of China-Pakistan Economic Corridor (CPEC)
  • The proposed Ex-port-Import Bank (Exim Bank) will be operational by December and Rs7 billion has already been released in this regard
  • According to State Bank of Pakistan's weekly report, the country's total liquid foreign exchange reserves stood at US$21.2bn as on April 21, 2017 compared to US$21.6bn on April 14, 2017
  • Release of textile export numbers (+6% YoY in Mar-17 but down 0.9% YoY in 9MFY17

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 95.9
Target Price: PKR 132

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 74.98
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 654.7
Target Price: PKR 796

Al Shaheer Corporation Ltd. (ASC) – BUY 
Current Price: PKR 45.05
Target Price: PKR 82

Bank Al-Falah Limited (BAFL) – BUY 
Current Price: PKR 38.9
Target Price: PKR 42

Bank Al-Habib Limited (BAHL) – BUY 
Current Price: PKR 53.56
Target Price: PKR 64

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 239.00
Target Price: PKR 270

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 58.7
Target Price: PKR 83

Current Price: PKR 157.01
Target Price: PKR 225

Engro Corporation (ENGRO) – BUY
Current Price: PKR 352.57
Target Price: PKR 391

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 34.0
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 43.8
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 50.2
Target Price: PKR 67

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 96.1
Target Price: PKR 122.0

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 62.1
Target Price: PKR 104.0

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 275.6
Target Price: PKR 304

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 350.71
Target Price: PKR 428

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 110.86
Target Price: PKR 133

Kot Adu Power (KAPCO) – BUY
Current Price: PKR 77.37
Target Price: PKR 107

K-Electric (KEL) – BUY
Current Price: PKR 8.1
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 262.8
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 21.44
Target Price: PKR 46

Lucky Cement (LUCK) – BUY 
Current Price: PKR 882.0
Target Price: PKR 1,046

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 217.38
Target Price: PKR 280

Meezan Bank (MEBL) – BUY 
Current Price: PKR 80.00
Target Price: PKR 90

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 123.1
Target Price: PKR 154.0

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,469.97
Target Price: PKR 1,594.8

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 63.8
Target Price: PKR 74

National Foods (NATF) – BUY 
Current Price: PKR 322.00
Target Price: PKR 473

Nishat Chunian (NCL) – BUY 
Current Price: PKR 54.1
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 44.1
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 157.3
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 48.00
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 154.38
Target Price: PKR 200

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 156.33
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 21.46
Target Price: PKR 47

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 455.41
Target Price: PKR 569.4

Power Cement (POWER) – BUY 
Current Price: PKR 17.85
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 158.8
Target Price: PKR 218

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 435.0
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 16.1
Target Price: PKR 21.9

The Searle Co. Ltd (SEARL) – BUY 
Current Price: PKR 621.32
Target Price: PKR 816.6

Tariq Glass (TGL) – BUY 
Current Price: PKR 126.97
Target Price: PKR 134

United Bank Limited (UBL) – BUY 
Current Price: PKR 248.1
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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