Pakistan Stock Exchange (PSX) Weekly Analysis 17 July, 2017

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

Top gainers of last week were: NATF, SNBL, SCBPL, COLG and EFERT

Top losers of last week were: HCAR, PSMC, CHCC, HUMNL, and FABL

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

The Pakistan Stock Exchange (PSX) market index continues jitter on JIT– KSE-100 down 2% WoW. KSE-100 index has reached 44,337 by decrease -885 points or -1.96 %. While KSE -30 index reached on 23,102 by decreasing -407 points or -1.73 %.

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


  • Foreigners remained net buyers in the week with a net FIPI inflow of USD1.0mn
  • The local bourse remained volatile on expected hearing by Supreme Court on Panama-gate, scheduled next week
  • KEL unveiling its US$1bn investment plan to set up a new 900MW power plant as NEPRA held public hearings for MYT Review
  • Cement dispatches during FY17 rising to 3.71%YoY to 40.315mn tons, despite declining 18.6% YoY to 2.72mn tons in Jun’17
  • Foreign workers’ remittances during FY17 falling 3.08%YoY to US$19.30bn
  • Total domestic car sales during FY17 going up 2.55%YoY to 185,781units
  • Average daily traded volume slightly improved by 5.24%WoW (vs. last 5 trading days) to 174.66mn shares
  • FBR withdraws 2pc ST on lubricant oil supplies
  • Cements domestic demand declines by 19.62 percent in June


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 87.7
Target Price: PKR 132

Attock Cement (ACPL) – BUY 
Current Price: PKR 274.99
Target Price: PKR 380

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 64.96
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 618.92
Target Price: PKR 796

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 39.3
Target Price: PKR 47

Cherat Cement Company Limited (CHCC) – BUY 
Current Price: PKR 154.1
Target Price: PKR 251

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 193.39
Target Price: PKR 262.0

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 55.5
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 114.3
Target Price: PKR 162

ENGRO Corporations (ENGRO) – BUY 
Current Price: PKR 318.22
Target Price: PKR 400

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 30.9
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 40.2
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 36.75
Target Price: PKR 67

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 82.0
Target Price: PKR 122.0

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 44.5
Target Price: PKR 104.0

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 253.0
Target Price: PKR 334

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 314.9
Target Price: PKR 428

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 105.97
Target Price: PKR 133

HUBCO (HUBC) – BUY 
Current Price: PKR 113.87
Target Price: PKR 144

Indus Motors (INDU) – BUY 
Current Price: PKR 1,655.6
Target Price: PKR 2,214.3

K-Electric (KEL) – BUY
Current Price: PKR 6.6
Target Price: PKR 13

Kohat Cement (KOHC) – BUY
Current Price: PKR 203.23
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 19.50
Target Price: PKR 32

Lucky Cement (LUCK) – BUY 
Current Price: PKR 735.00
Target Price: PKR 1,159.0

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1477.2
Target Price: PKR 2051

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 204.5
Target Price: PKR 250

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 112.5
Target Price: PKR 179.0

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,329.12
Target Price: PKR 1,594.8

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 61.4
Target Price: PKR 74

National Foods (NATF) – BUY 
Current Price: PKR 303.00
Target Price: PKR 473

Nishat Chunian (NCL) – BUY 
Current Price: PKR 51.89
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 41.97
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 156.44
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 44.26
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 141.9
Target Price: PKR 200

Pak Elektron Ltd. (PAEL) – BUY 
Current Price: PKR 97.4
Target Price: PKR 126.1

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 124.3
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 19.81
Target Price: PKR 34

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 436.22
Target Price: PKR 518

Power Cement (POWER) – BUY 
Current Price: PKR 12.15
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 167.9
Target Price: PKR 218

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 644.9
Target Price: PKR 800.7

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 373.1
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 14.2
Target Price: PKR 21.9

The Searle Co. Ltd (SEARL) – BUY 
Current Price: PKR 477.04
Target Price: PKR 776.3

Tariq Glass (TGL) – BUY 
Current Price: PKR 109.2
Target Price: PKR 128

United Bank Limited (UBL) – BUY 
Current Price: PKR 206.9
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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