Pakistan Stock Exchange (PSX) Weekly Analysis 7 Aug, 2017

BUY recommendations are ABL, ACPL, AICL, APL, BAFL, CHCC, DGKC, EFERT, EFOODS, ENGRO, FATIMA, FCCL, FFBL, FFC, GWLC, HASCOL, HBL, HCAR, 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, RPL, SEARL, and UBL.

Top gainers of last week were: CJPL, CPPL, TRG, PSO, SNGP, FEROZ, KEL, MUREB, POML and ISL.

Top losers of last week were: PMPK, FML, PAKT, HBL, JGICL, HMB, FFC, IGIIL, SSGC and IDYM.

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

The Pakistan Stock Exchange (PSX) market index recovers as political clarity emerges. KSE-100 index has reached 46,877 by gaining 965 points or 2.10 %. While KSE -30 index reached on 24,372 by increasing 518 points or 2.17 %.

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


  • Market participants appeared to have taken comfort on the election of Mr. Shahid Khaqan Abbasi as the new Prime Minister
  • Pakistan’s total liquid foreign exchange reserves fell for the third consecutive week, this time by US$153mn to reach US$20.283bn by July 28, 2017
  • Finance division calculates external public debt at $58.4bln
  • Average trading volumes jumped 76%WoW to 349mn from 198mn
  • Foreigners net selling increased to USD41.1mn during the week. While Mutual Funds and Individuals absorbed the selling with net buying of USD34.1mn and USD17.9mn, respectively
  • Dalda plans Rs7bn share offer for public
  • Byco Petroleum Pakistan Limited has notified the bourse that the company will resume production from its 120,000 barrels/day refinery and start supplying products to the market by August 5, 2017
  • The result season unveiled earning of two major fertilizer players FFC and EFERT. While FFC recorded declining margins, EFERT posted a strong uptick in both the top line and margins, resulting in 47% growth in 1H earnings 
  • Five Pakistani companies have made it to Forbes annual Asia's 200 Best under A Billion List, down from seven last year. Agriauto Industries, Cherat Packaging, Ferozsons Laboratories, Gandhara Industries and Searle Company made it to the list in 2017 
  • Textile sector would receive Rs15 billion as incentives under the Rs180 billion worth of export package by August 15, 2017 
  • Ministry of national food security and research directed to immediately disburse PkR20bn in pending subsidy claims to the fertilizer makers and to simplify the process for disbursing pending payments under the subsidy schemes of FY16 and FY17
  • Issuance of fresh guarantee of PkR30bn by Finance Ministry to the power sector for settlement of its liabilities on account of repayment of loan and interest payment through a fresh loan
  • NEPRA approved upfront tariff of PkR7.1129/kWh for coal‐fired CPP which will remain applicable till Dec 31’18
  • According to Pakistan Bureau of Statistics (PBS); Consumer Price Index (CPI) on year‐on‐year basis during July 2017 witnessed an increase of 2.91% as compared to the same month of the last year

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 91.01
Target Price: PKR 132

Attock Cement (ACPL) – BUY 
Current Price: PKR 273.15
Target Price: PKR 380

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 73.04
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 699.34
Target Price: PKR 796

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 42.40
Target Price: PKR 47

Cherat Cement Company Limited (CHCC) – BUY 
Current Price: PKR 167.69
Target Price: PKR 251

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 198.87
Target Price: PKR 262.0

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 60.62
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 127.36
Target Price: PKR 162

ENGRO Corporations (ENGRO) – BUY 
Current Price: PKR 336.47
Target Price: PKR 400

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 33.00
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 40.87
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 38.51
Target Price: PKR 67

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 81.54
Target Price: PKR 122.0

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 47.0
Target Price: PKR 104.0

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 345.93
Target Price: PKR 428

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 237.13
Target Price: PKR 334

Honda Atlas Cars (Pak) Ltd. (HCAR) – BUY 
Current Price: PKR 679.71
Target Price: PKR 912.2

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 112.29
Target Price: PKR 133

HUBCO (HUBC) – BUY 
Current Price: PKR 124.93
Target Price: PKR 144

Indus Motors (INDU) – BUY 
Current Price: PKR 1,771.37
Target Price: PKR 2,214.3

K-Electric Ltd. (KEL) – BUY
Current Price: PKR 7.25
Target Price: PKR 10.8

Kohat Cement (KOHC) – BUY
Current Price: PKR 206.58
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 21.16
Target Price: PKR 32

Lucky Cement (LUCK) – BUY 
Current Price: PKR 720.17
Target Price: PKR 1,159.0

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,788.1
Target Price: PKR 2051

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 213.18
Target Price: PKR 250

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 114.92
Target Price: PKR 179.0

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,353.37
Target Price: PKR 1,594.8

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 61.40
Target Price: PKR 74

National Foods (NATF) – BUY 
Current Price: PKR 306.00
Target Price: PKR 473

Nishat Chunian (NCL) – BUY 
Current Price: PKR 53.52
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 43.86
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 162.40
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 47.50
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 158.11
Target Price: PKR 200

Pak Elektron Ltd. (PAEL) – BUY 
Current Price: PKR 107.6
Target Price: PKR 126.1

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 122.61
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 22.08
Target Price: PKR 34

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 503.72
Target Price: PKR 518

Power Cement (POWER) – BUY 
Current Price: PKR 13.12
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 177.16
Target Price: PKR 218

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 622.52
Target Price: PKR 800.7

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 428.85
Target Price: PKR 490

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

Roshan Packages Ltd. (RPL) – BUY 
Current Price: PKR 64.14
Target Price: PKR 87.0

The Searle Co. Ltd (SEARL) – BUY 
Current Price: PKR 513.72
Target Price: PKR 776.3

United Bank Limited (UBL) – BUY 
Current Price: PKR 212.23
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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