Pakistan Stock Exchange (PSX) Weekly Analysis 24 June, 2017

BUY recommendations are ABL, ACPL, AICL, APL, CHCC, DGKC, EFERT, EFOODS, ENGRO, FATIMA, FCCL, FFBL, FFC, GWLC, HBL, HASCOL, HTL, HUBC, INDU, KEL, KOHC, LPL, LUCK, MLCF, MTL, NBP, NATF, NCL, NCPL, NML, NPL, OGDC, PAEL, PIOC, PKGP, POL, POWER, PPL, PSO, PTC, SEARL and UBL.

Top gainers of last week were: NML, HUBC, AKBL, EPCL, Faysal Bank, Feroze 1888, Ghani Glass, Nishat Chunian Ltd., Bank Alfalah.

Top losers of last week were: INDU, FFBL, LOTCHEM, HASCOL, J.D.W. Sugar, NATF, Ibrahim Fibre Ltd., Pakistan Services Ltd.

Top Volume Leaders of last week: KEL, TRG, BOP, EPCL and WTL.

The Pakistan Stock Exchange (PSX) market index bouncing back from CYTD low of 44,914pts hit on Tuesday, with investors buying into the trough being rewarded by week's end. With JIT investigation expected to be concluded by 10th July, we expect market to remain under pressure while volatile foreign flows may set the tune for index movement during the period. However given the recent correction in major stocks, value hunters are likely to start cherry picking post Eid Break. KSE-100 index has reached 46,332 by decrease -527 points or -1.12 %. While KSE -30 index reached on 24,176 by decreasing -141 points or -0.58%.

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


  • Lucky Cement was up 4.27pc and NML hit upper circuit on the back of news that three companies have received approval to set up car assembly plants, including Lucky Cement, United Motors and Nishat Group
  • ASTL closed on its upper circuit on the back of news that NTC imposed definitive anti-dumping duty of 24.04pc on CC billets imported from China for a period of five years
  • Other big gainers were Engro rising by 3.44pc, FFC 4.99pc and DAWH 5pc. From the sector perspective, material rose 2.94pc, industrials 2.80pc and financials 1.96pc
  • Net foreign direct investment surged by 22.6%YoY to US$2.03bn during the 11MFY17, with China taking the top spot investing US$878mn (vs. US$657mn in 11MFY16)
  • Textile and clothing exports declined by 1.98% YoY to US$11.23bn for 11MFY17
  • NEPRA has approved PkR1.90 per unit reduction in power tariff for the Ex‐WAPDA distribution companies (Discos) for May'17 under monthly fuel adjustment formula
  • The political cloud of Panama proceedings continue to permeate investor sentiment
  • Foreign selling took a breather, as foreigners mopped up shares worth USD 9.19mn during the week versus net selling of USD9.49mn in the previous week


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 88.5
Target Price: PKR 132

Attock Cement (ACPL) – BUY 
Current Price: PKR 307.2
Target Price: PKR 380

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 70.98
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 633.9
Target Price: PKR 796

Cherat Cement Company Limited (CHCC) – BUY 
Current Price: PKR 173.4
Target Price: PKR 251

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 215.1
Target Price: PKR 270

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 56.1
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 128.4
Target Price: PKR 225

ENGRO Corporations (ENGRO) – BUY 
Current Price: PKR 337.83
Target Price: PKR 400

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 32.7
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 42.1
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 39.3
Target Price: PKR 67

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 83.8
Target Price: PKR 122.0

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 48.2
Target Price: PKR 104.0

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 253.3
Target Price: PKR 334

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 331.2
Target Price: PKR 428

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 112.49
Target Price: PKR 133

HUBCO (HUBC) – BUY 
Current Price: PKR 120.8
Target Price: PKR 144

Indus Motors (INDU) – BUY 
Current Price: PKR 1,824.4
Target Price: PKR 2,316

K-Electric (KEL) – BUY
Current Price: PKR 7.0
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 230.9
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 19.01
Target Price: PKR 32

Lucky Cement (LUCK) – BUY 
Current Price: PKR 831.8
Target Price: PKR 1,046

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 209.6
Target Price: PKR 250

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 111.7
Target Price: PKR 154.0

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,399
Target Price: PKR 1,594.8

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 60.7
Target Price: PKR 74

National Foods (NATF) – BUY 
Current Price: PKR 273
Target Price: PKR 473

Nishat Chunian (NCL) – BUY 
Current Price: PKR 49.92
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 43.0
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 157.80
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 46.9
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 139.8
Target Price: PKR 200

Pak Elektron Ltd. (PAEL) – BUY 
Current Price: PKR 111.01
Target Price: PKR 126.1

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 131.0
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 18.71
Target Price: PKR 34

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 449.75
Target Price: PKR 518

Power Cement (POWER) – BUY 
Current Price: PKR 12.90
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 146.4
Target Price: PKR 218

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 394.4
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 15.1
Target Price: PKR 21.9

The Searle Co. Ltd (SEARL) – BUY 
Current Price: PKR 534.87
Target Price: PKR 776.3

United Bank Limited (UBL) – BUY 
Current Price: PKR 226.6
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

1 comment:

  1. Kindly mention time as well . how long it will take to go at target price. Thank you.

    ReplyDelete