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

BUY recommendations are ABL, AICL, APL, BAFL, CHCC, DGKC, EFERT, EFOODS, ENGRO, FATIMA, FCCL, FFBL, FFC, GWLC, HBL, HASCOL, HTL, HUBC, INDU, KOHC, LPL, LUCK, MARI, MCB, 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: FABL, PMPK, APL, MARI, OLPL, CJPL, EFUG, HASCOL, NRL, and IBFL.

Top losers of last week were: FML, HUMNL, BATA, COLG, BOP, PIOC, MLCF, ACPL, JLICL and KEL.

Top Volume Leaders of last week: TRG, KEL, SSGC, BOP, SNGP, ISL, AKBL, PAEL, DGKC, FCCL, and FFBL.

The Pakistan Stock Exchange (PSX) market witnesses some value buying but investors remain largely side lined.  KSE-100 index has reached 45,294 by gaining 957 points or 2.16 %. While KSE -30 index reached on 23,640 by increasing 538 points or 2.33 %.

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


  • The Supreme Court (SC) on Friday concluded the hearings in the Panamagate case and reserved its judgment. A date for the judgment has yet to be announced
  • The benchmark KSE-100 index closed 2.2% WoW higher with average daily volumes and value declining by 23% WoW (to 134mn shares/day) and 22% WoW (to US$72mn/day), respectively
  • The State Bank of Pakistan (SBP) is also expected to announce the Monetary Policy Statement (MPS) on Saturday, where we expect the Central Bank to keep policy rate intact at 5.75% 
  • Moody's Investors Services has projected that China Pakistan Economic Corridor (CPEC) will raise Pakistan government debt to around US$222bn by FY18 (i.e. around 67% of country's GDP)
  • FBR started paying back pending sales tax refunds
  • GoP extending additional sugar export quota of 300k tons
  • GoP signing loan agreement of €165mn with French Development Agency for power sector up gradation
  • Result season, commencing next week, is likely to guide market sentiments with scrips in key sectors (Power, Cements and Autos) to remain in limelight on anticipated full year payouts
  • The sugar millers took a sigh of relief upon allowed export of 0.3mn tons of sugar, against 0.6mn tons sought by them
  • The decision on review petition filed by KEL on multi-year tariff is expected within the on-going month
  • The World Bank would give a Rs 39.2 billion loan to the Punjab government for 'Punjab Irrigated-Agriculture Productivity Improvement Project' to improve irrigation technologies at the grass root level for farmers
  • Pakistan wrestles with 4.5MT of surplus wheat as domestic prices hurt exports
  • FIPI registered net outflow of USD2.0mn


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 88.50
Target Price: PKR 132

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 67.86
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 675.00
Target Price: PKR 796

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 40.1
Target Price: PKR 47

Cherat Cement Company Limited (CHCC) – BUY 
Current Price: PKR 161.00
Target Price: PKR 251

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 193.05
Target Price: PKR 262.0

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 55.97
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 116.00
Target Price: PKR 162

ENGRO Corporations (ENGRO) – BUY 
Current Price: PKR 314.38
Target Price: PKR 400

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 31.50
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 40.40
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 36.2
Target Price: PKR 67

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 82.57
Target Price: PKR 122.0

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 45.0
Target Price: PKR 104.0

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 253.1
Target Price: PKR 334

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 338.21
Target Price: PKR 428

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 108.20
Target Price: PKR 133

HUBCO (HUBC) – BUY 
Current Price: PKR 115.23
Target Price: PKR 144

Indus Motors (INDU) – BUY 
Current Price: PKR 1,726.03
Target Price: PKR 2,214.3

Kohat Cement (KOHC) – BUY
Current Price: PKR 200.32
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 19.98
Target Price: PKR 32

Lucky Cement (LUCK) – BUY 
Current Price: PKR 757.90
Target Price: PKR 1,159.0

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,608.5
Target Price: PKR 2051

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 211.5
Target Price: PKR 250

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 108.40
Target Price: PKR 179.0

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,351.5
Target Price: PKR 1,594.8

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 60.81
Target Price: PKR 74

National Foods (NATF) – BUY 
Current Price: PKR 300.00
Target Price: PKR 473

Nishat Chunian (NCL) – BUY 
Current Price: PKR 50.77
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 41.93
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 158.46
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 44.44
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 149.64
Target Price: PKR 200

Pak Elektron Ltd. (PAEL) – BUY 
Current Price: PKR 99.1
Target Price: PKR 126.1

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 119.55
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 20.00
Target Price: PKR 34

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 458.10
Target Price: PKR 518

Power Cement (POWER) – BUY 
Current Price: PKR 11.92
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 174.8
Target Price: PKR 218

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 653.7
Target Price: PKR 800.7

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 380.66
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 491.5
Target Price: PKR 776.3

United Bank Limited (UBL) – BUY 
Current Price: PKR 213.8
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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