Pakistan Stock Exchange (PSX) Weekly Analysis 21 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: NATF, CJPL, SNBL, DCR, PICT, SPWL, NBP, PSEL, PAKT and IDYM.

Top losers of last week were: PSMC, SEARL, FEROZ, FML, EFOODS, PAEL, CSAP, PGF, ICI and CHCC.

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

The Pakistan Stock Exchange (PSX) market index KSE‐100 index fell 4.8%WoW, ending the 4‐
day trading session at 43,078pts mainly because of rising political uncertainty (PAT’s protest against Punjab government, summoning of former PM and his sons to NAB). KSE-100 index has reached 43,078 by losing -2210 points or -4.88 %. While KSE -30 index reached on 22,199 by decreasing -1149 points or -4.92 %.

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



  • NAB sending letter to Saudi authorities requesting details of the Azizia Steel Mills
  • Nawaz Sharif’s counsel filing review petition against Panama leaks case verdict
  • Total foreign exchange reserves falling consecutively fifth week to US$19.94bn during the week ended Aug 11’17
  • Country’s service exports rising 1.76%YoY to US$5.5bn in FY17
  • Foreign investment reaches USD222.6mn in July
  • Forex reserves slip below USD20bn
  • MLCF issued 12.5% rights to finance its brownfield expansion
  • With an ambitious plan to double the volume of liquefied natural gas (LNG) imports this year, the government intends to ink multibillion‐dollar state‐to‐state gas supply contracts with big African producers
  • Sugar prices keep mounting as millers push govt for subsidy
  • National Bank to open two branches in China next year


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 86.98
Target Price: PKR 132

Attock Cement (ACPL) – BUY 
Current Price: PKR 228.03
Target Price: PKR 380

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 67.49
Target Price: PKR 92

Attock Petroleum (APL) – BUY 
Current Price: PKR 645.00
Target Price: PKR 796

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 41.3
Target Price: PKR 47

Cherat Cement Company Limited (CHCC) – BUY 
Current Price: PKR 145.14
Target Price: PKR 251

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 171.76
Target Price: PKR 262.0

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 57.71
Target Price: PKR 83

ENGRO Foods (EFOODS) – BUY 
Current Price: PKR 97.40
Target Price: PKR 162

ENGRO Corporations (ENGRO) – BUY 
Current Price: PKR 294.52
Target Price: PKR 400

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 29.71
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 36.42
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 33.58
Target Price: PKR 67

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 77.61
Target Price: PKR 122.0

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 40.31
Target Price: PKR 104.0

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 322.11
Target Price: PKR 428

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 215.48
Target Price: PKR 334

Honda Atlas Cars (Pak) Ltd. (HCAR) – BUY 
Current Price: PKR 605.1
Target Price: PKR 912.2

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 107.17
Target Price: PKR 133

HUBCO (HUBC) – BUY 
Current Price: PKR 113.98
Target Price: PKR 144

Indus Motors (INDU) – BUY 
Current Price: PKR 1,683.36
Target Price: PKR 2,214.3

K-Electric Ltd. (KEL) – BUY
Current Price: PKR 6.6
Target Price: PKR 10.8

Kohat Cement (KOHC) – BUY
Current Price: PKR 194.18
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 20.28
Target Price: PKR 32

Lucky Cement (LUCK) – BUY 
Current Price: PKR 656.65
Target Price: PKR 1,159.0

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,772.4
Target Price: PKR 2051

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 200.2
Target Price: PKR 250

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 90.13
Target Price: PKR 179.0

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,258.8
Target Price: PKR 1,594.8

National Foods (NATF) – BUY 
Current Price: PKR 330.75
Target Price: PKR 473

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 60.72
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 51.79
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 42.00
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 145.19
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 45.49
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 146.34
Target Price: PKR 200

Pak Elektron Ltd. (PAEL) – BUY 
Current Price: PKR 82.8
Target Price: PKR 126.1

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 107.27
Target Price: PKR 161

Pakgen Power (PKGP) – BUY 
Current Price: PKR 20.84
Target Price: PKR 34

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 454.96
Target Price: PKR 518

Power Cement (POWER) – BUY 
Current Price: PKR 11.71
Target Price: PKR 26

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 167.34
Target Price: PKR 218

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 466.20
Target Price: PKR 800.7

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 439.49
Target Price: PKR 490

Pakistan Telecommunications (PTC) – BUY 
Current Price: PKR 14.10
Target Price: PKR 21.9

Roshan Packages Ltd. (RPL) – BUY 
Current Price: PKR 56.1
Target Price: PKR 87.0

The Searle Co. Ltd (SEARL) – BUY 
Current Price: PKR 414.1
Target Price: PKR 776.3

United Bank Limited (UBL) – BUY 
Current Price: PKR 191.05
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. The information given in this blog /forum (http://www.karachistockexchange.org/) is as of the date of this post and there can be no assurance that future results or events will be consistent with this information. This post is provided for assistance only and is not intended to be and must not alone be taken as the basis for any investment decision. The user assumes the entire risk of any use made of this information. Each viewer of this post should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this post (including the merits and risks involved), and should consult his or her own advisors to determine the merits and risks of such investment. This blog /forum (http://www.karachistockexchange.org/)  or any of its affiliates shall not be in any way responsible for any loss or damage that may be arise to any person from any inadvertent error in the information contained in this post.

Written by: Rana Khuram

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