Pakistan Stock Exchange (PSX) Weekly Analysis 8 May, 2017

BUY recommendations are ABL, AICL, APL, BAHL, CHCC, DGKC, EFERT, EFOODS, ENGRO, FATIMA, FCCL, FFBL, FFC, HBL, HASCOL, HTL, 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: FABL, FML, CSAP, NCL, BAFL, LUCK, UBL, MCB, HBL and IBFL.

Top losers of last week were: SCBPL, IDYM, PAKT, HUMNL, PIOC, SEARL, MARI, INDU, SSGC and BATA.

Top Volume Leaders of last week: TRG, PIBTL, KEL, PAEL, BOP, BAFL, SNGP, FCCL, EFERT, SSGC, and HUMNL.

The Pakistan Stock Exchange (PSX) market index continued its upward stride during the outgoing week, adding a further 550pts (+1.1%) to the index. KSE-100 index has reached on 49,851.13  by increasing 550.23 points or 1.1 %.

With the week cut short by a day due to Labour Day on May 1, the average daily volume fell 28pc to 259 million shares while the traded value dropped 23pc to $130m.

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


  • Foreign investors remained net sellers with an outflow of $19.2m in the week
  • The banking sector outperformed the index with its market capitalisation growing by 3.8pc week-on-week as the three big banks would be included in the MSCI emerging-market index. Banks collectively added 527 points to the index
  • The exploration and production sec-tor shed 4pc as international oil prices tanked on concerns of a persisting supply overhang. Mari Petroleum and POL were hammered down by 26 and 25 points, respectively
  • Fertiliser scrips contributed 124 points to the index, with major gainers being Engro Fertilisers (up 103 points) and Fauji Fertiliser (up 30 points), both rallying on the bacl( of MSCI-driven sentiments
  • The cement sector contributed 123 points with the two MSCI hopefuls, Lucky Cement and Fuji Cement, rising up by 142 and 20 points, respectively
  • Power generation stocks, which lost 57 points, were marred by a lack of payout and weak financial results. Hub Power Company shed 46 points
  • The government is expected to make payments to electricity and fuel suppliers within the next week for improving cash flows in order to avoid load shedding, particularly in the month of Ramadan. The payments would include upfront Rs25bn from federal accounts, to be followed by Term Finance Certificates (TFCs) from a consortium of commercial banks 
  • ECC decides to cut fertiliser rates, issue $350m bond (Ferts/Power)
  • Pakistan’s first bulk cargo terminal fully operational (PIBTL)
  • Pakistan’s meat exports are on the decline despite a global trend of rapid growth. The Trade Development Authority of Pakistan (TDAP) figures that the country’s meat exports have dropped to $140.345m in the first eight months of the ongoing year, from $188.345m a year ago. Inter-national meat trade on the other hand has risen by 16pc to touch the $700bn mark
  • After dominating motorcycle market in Pakistan for decades with successful models in the category of 70cc, 125cc and a fast emerging 100cc bike, Atlas Honda Ltd (AHL) has launched 150cc motorcycle to cater to the higher end segment. With a recent investment of $160 mil-lion ($110 million by AHL and $50 million by its vendors and group companies over the period of five years) on capacity enhancement projects, AHL is continuously working on serving the market with quality products and introducing new models. "Under Joint Venture agreement Honda Japan contributes 35 percent of total equity of AHL

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 93.53
Target Price: PKR 132

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 73.01
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 655.74
Target Price: PKR 796

Bank Al-Habib Limited (BAHL) – BUY 
Current Price: PKR 54.01
Target Price: PKR 64

Cherat Cement Company Limited(CHCC) – BUY 
Current Price: PKR 199.3
Target Price: PKR 251

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 238.68
Target Price: PKR 270

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 59.75
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 156.00
Target Price: PKR 225

Engro Corporation (ENGRO) – BUY
Current Price: PKR 370.57
Target Price: PKR 391

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

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 45.12
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 50.09
Target Price: PKR 67

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

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 291.00
Target Price: PKR 304

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 352.44
Target Price: PKR 428

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 109.02
Target Price: PKR 133

Kot Adu Power (KAPCO) – BUY
Current Price: PKR 76.31
Target Price: PKR 107

K-Electric (KEL) – BUY
Current Price: PKR 8.01
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 256.04
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 20.83
Target Price: PKR 46

Lucky Cement (LUCK) – BUY 
Current Price: PKR 937.21
Target Price: PKR 1,046

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,574.0
Target Price: PKR 2,068.2

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 229.55
Target Price: PKR 280

Meezan Bank (MEBL) – BUY 
Current Price: PKR 81.55
Target Price: PKR 90

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 121.72
Target Price: PKR 154.0

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,431.83
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 320
Target Price: PKR 473

Nishat Chunian (NCL) – BUY 
Current Price: PKR 58.67
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 44.78
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 160.67
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 47.53
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 154.96
Target Price: PKR 200

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 148.08
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 20.99
Target Price: PKR 47

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 443.67
Target Price: PKR 569.4

Power Cement (POWER) – BUY 
Current Price: PKR 16.51
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 158.0
Target Price: PKR 218

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 433.46
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 15.66
Target Price: PKR 21.9

The Searle Co. Ltd (SEARL) – BUY 
Current Price: PKR 595.87
Target Price: PKR 816.6

Tariq Glass (TGL) – BUY 
Current Price: PKR 127.14
Target Price: PKR 134

United Bank Limited (UBL) – BUY 
Current Price: PKR 262.27
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:

  1. What us the time duration of these tips.is they are short term or long term?

    ReplyDelete