Pakistan Stock Exchange (PSX) Weekly Analysis 22 May, 2017

BUY recommendations are ABL, AICL, APL, BAHL, CHCC, DGKC, EFERT, EFOODS, ENGRO, FATIMA, FCCL, FFBL, FFC, HBL, HASCOL, HTL, HUBCO, KAPCO, KEL, KOHC, LPL, LUCK, MARI, MCB, MEBL, MLCF, MTL, NBP, NATF, NCL, NCPL, NML, NPL, OGDC, PIOC, PKGP, POL, POWER, PPL, PSO, PTC, SEARL, TGL, UBL.

Top gainers of last week were: CJPL, SHFA, PICT, PGF, POL, ARM, ACPL, SCBPL, JLICL and PAKT.

Top losers of last week were: PSMC, OLPL, FML, HUBC, UBL, MCB, CHCC, FABL, TRG and CPPL.

Top Volume Leaders of last week: BOP, KEL, TRG, BAFL, ISL, OGDC, EFERT, SSGC, SNGP, FABL, and FCCL.

The Pakistan Stock Exchange (PSX) market index was stuck in noose of profit taking post MSCI reconstitution, which came in nothing less than a surprise. KSE-100 index close at 50,742 points by losing 1008 points or -1.9%.

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


  • Foreigners remained net sellers offloading shares worth USD16.4mn
  • SBP grants banking licence to Bank of China
  • Grant of $300m contingent on keeping NEPRA’s powers
  • Govt to lift ban on imported fuel-based power plants
  • MSCI announced the results of the May 2017 Semi-Annual Index Review for the MSCI Equity Indexes, where MSCI reclassified the MSCI Pakistan Indexes from Frontier Markets (FM) to Emerging Markets (EM). As expected, six Pakistani companies will be part of MSCI EM Index, namely Engro Corporation (ENGRO), Habib Bank (HBL), Lucky Cement (LUCK), MCB Bank (MCB), Oil and Gas Development (OGDC) and United Bank (UBL). The MSCI Pakistan Index will have a pro forma weight of 0.14% in the MSCI EM Index 
  • The Pakistan Stock Exchange (PSX) will offer 20 percent of the total paid-up capital of the company, comprising 160.295 million ordinary shares, and the entire offer will be through a book building process at a floor price of Rs28/share
  • Pakistan on Tuesday signed a memorandum of understanding with the Alibaba Group Holdings Limited to promote country's worldwide exports by small and medium enterprises (SMEs) through e-commerce


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 97.12
Target Price: PKR 132

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 78.53
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 684.2
Target Price: PKR 796

Bank Al-Habib Limited (BAHL) – BUY 
Current Price: PKR 59.03
Target Price: PKR 64

Cherat Cement Company Limited (CHCC) – BUY 
Current Price: PKR 187.0
Target Price: PKR 251

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 235.4
Target Price: PKR 270

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 58.46
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 157.68
Target Price: PKR 225

Engro Corporation (ENGRO) – BUY
Current Price: PKR 370.87
Target Price: PKR 400

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 33.3
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 44.9
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 49.51
Target Price: PKR 67

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 95.2
Target Price: PKR 122.0

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 290.44
Target Price: PKR 334

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 343.09
Target Price: PKR 428

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 118.14
Target Price: PKR 133

HUBCO (HUBC) – BUY 
Current Price: PKR 124.4
Target Price: PKR 144

Kot Adu Power (KAPCO) – BUY
Current Price: PKR 77.21
Target Price: PKR 107

K-Electric (KEL) – BUY
Current Price: PKR 7.73
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 248.6
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 20.99
Target Price: PKR 46

Lucky Cement (LUCK) – BUY 
Current Price: PKR 940.85
Target Price: PKR 1,046

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,632.03
Target Price: PKR 2,068.2

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 235.88
Target Price: PKR 280

Meezan Bank (MEBL) – BUY 
Current Price: PKR 78.12
Target Price: PKR 90

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 117.9
Target Price: PKR 154.0

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,461.17
Target Price: PKR 1,594.8

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 67.33
Target Price: PKR 74

National Foods (NATF) – BUY 
Current Price: PKR 327.87
Target Price: PKR 473

Nishat Chunian (NCL) – BUY 
Current Price: PKR 58.70
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 45.14
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 167.40
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 47.8
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 168.0
Target Price: PKR 200

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 145.4
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 20.65
Target Price: PKR 47

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 504.80
Target Price: PKR 569.4

Power Cement (POWER) – BUY 
Current Price: PKR 14.49
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 171.0
Target Price: PKR 218

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 451.2
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 16.16
Target Price: PKR 21.9

The Searle Co. Ltd (SEARL) – BUY 
Current Price: PKR 598.03
Target Price: PKR 816.6

Tariq Glass (TGL) – BUY 
Current Price: PKR 124.39
Target Price: PKR 134

United Bank Limited (UBL) – BUY 
Current Price: PKR 247.7
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

2 comments:

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