Pakistan Stock Exchange (PSX) Weekly Analysis 13 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: PSO, INDU, BAFL.

Top losers of last week were: MLCF, EFOODS, PSMC, ENGRO, FFBL.

Top Volume Leaders of last week: ANL, TRG, KEL, SMBL and ASL.

The Pakistan Stock Exchange (PSX) market index paired gains for the fifth consecutive session closing the week at 45,288 points, dwindling 3.39%WoW or down 1589pts. KSE-100 index has reached 45,288 by losing 1589 points or -3.39 %. While KSE -30 index reached on 23,348 by decreasing -1024 points or -4.20 %.

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

• Despite ongoing result season, the index weighed upon political uncertainty with Tahir ul Qadri demanding public disclosure of 12th May judicial commission report and ousted Prime Minister marching out to protest Supreme Court’s decision
• Reduction in retail prices of MOGAS and HSD by PkR1.80/2.50/litre
• GoP disbursing PkR25‐30bn to the exporters under PM’s package
• Auto sales surging 17.9% YoY to 20,369 units in Jul’18
• Total cement dispatches growing by 44%YoY to 3.382mn tons in Jul’18 where local cement offtake registered staggering 55%YoY growth to 2.906mn tons
• Trade deficit widening by 56%YoY to US$3.2bn in Jul’18, wherein imports/exports went up by 37%/10.5%YoY to US$4.84/US$1.63bn
• Average daily traded volumes plunged 45.57%WoW to 189.92mn shares
• Foreigners remained net sellers dumping stocks worth US$31.16mn compared with US$41.09mn in the last week

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 89.4
Target Price: PKR 132

Attock Cement (ACPL) – BUY 
Current Price: PKR 254.5
Target Price: PKR 380

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 69.63
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 675.0
Target Price: PKR 796

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 42.4
Target Price: PKR 47

Cherat Cement Company Limited (CHCC) – BUY 
Current Price: PKR 162.89
Target Price: PKR 251

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 190.85
Target Price: PKR 262.0

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 59.57
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 111.98
Target Price: PKR 162

ENGRO Corporations (ENGRO) – BUY 
Current Price: PKR 311.44
Target Price: PKR 400

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 31.91
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 40.01
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 36.0
Target Price: PKR 67

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 78.81
Target Price: PKR 122.0

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 44.82
Target Price: PKR 104.0

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 335.51
Target Price: PKR 428

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 226.55
Target Price: PKR 334

Honda Atlas Cars (Pak) Ltd. (HCAR) – BUY 
Current Price: PKR 653.8
Target Price: PKR 912.2

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 109.07
Target Price: PKR 133

HUBCO (HUBC) – BUY 
Current Price: PKR 119.3
Target Price: PKR 144

Indus Motors (INDU) – BUY 
Current Price: PKR 1,803.1
Target Price: PKR 2,214.3

K-Electric Ltd. (KEL) – BUY
Current Price: PKR 6.9
Target Price: PKR 10.8

Kohat Cement (KOHC) – BUY
Current Price: PKR 207.3
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 20.93
Target Price: PKR 32

Lucky Cement (LUCK) – BUY 
Current Price: PKR 689.92
Target Price: PKR 1,159.0

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,809.4
Target Price: PKR 2051

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 211.4
Target Price: PKR 250

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 98.06
Target Price: PKR 179.0

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,343.5
Target Price: PKR 1,594.8

National Foods (NATF) – BUY 
Current Price: PKR 300
Target Price: PKR 473

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 60.69
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 53.1
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 43.4
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 158.9
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 47.85
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 151.0
Target Price: PKR 200

Pak Elektron Ltd. (PAEL) – BUY 
Current Price: PKR 93.9
Target Price: PKR 126.1

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 117.39
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 21.77
Target Price: PKR 34

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 489.9
Target Price: PKR 518

Power Cement (POWER) – BUY 
Current Price: PKR 12.25
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 169.43
Target Price: PKR 218

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 551.29
Target Price: PKR 800.7

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 449.76
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 14.70
Target Price: PKR 21.9

Roshan Packages Ltd. (RPL) – BUY 
Current Price: PKR 58.9
Target Price: PKR 87.0

The Searle Co. Ltd (SEARL) – BUY 
Current Price: PKR 487.4
Target Price: PKR 776.3

United Bank Limited (UBL) – BUY 
Current Price: PKR 197.35
Target Price: PKR 294

Thank you very much for reading this article.

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Written by: Rana Khuram