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

BUY recommendations are ABL, AICL, APL, ASC, BAFL, BAHL, DGKC, EFERT, EFOODS, ENGRO, FATIMA, FCCL, FFBL, FFC, GWLC, HBL, HASCOL, HTL, 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: 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 http://www.karachistockexchange.org, 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

ENGRO Foods (EFOODS) – BUY 
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 (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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