Pakistan Stock Exchange (PSX) Weekly Analysis 16 Sep, 2017

BUY recommendations are:  ABL, APL, CHCC, DGKC, EFERT, EFOODS, ENGRO, FATIMA, FCCL, FFBL, FFC, GWLC, HBL, HASCOL, HCAR, HUBC, INDU, KOHC, LUCK, MARI, MCB, MEBL, MLCF, NBP, NCL, NCPL, NML, NPL, OGDC, PAEL, PIOC, POL, PPL, PSMC, PSO, PTC, and UBL.

Top gainers of last week were: HBL, JSCL, MEBL, EFOODS, NBP, OLPL, ENGRO, MARI, NML and BAHL.

Top losers of last week were: SHFA, IDYM, PGF, CHCC, FEROZ, APL, PAKT, COLG, KTML and KOHC.

Top Volume Leaders of last week: TRG, BOP, JSCL, BAFL, KEL, SSGC, PAEL, SNGP, ATRL, and HBL.

The Pakistan Stock Exchange (PSX) market, was seen taking a pause from its recent bearish trend as it recorded a steady comeback of 1,386 points in the outgoing week. KSE-100 index has closed on 42,787 by gaining 1384 points or 3.35% while KSE-30 index has closed on 21,980 by gaining 874 points or 4.14%.

The average daily volumes and traded value picked-up to 157mn shares/day (+16% WoW) and US$82mn/day (+8% WoW) respectively, however they still remained at disappointing levels as locals continue to remain wary of domestic politics and economy.

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


  • Foreign institutional investors were net buyers during the week with an inflow of USD 27.7mn following FTSE’s inclusion of five additional from Pakistan
  • During the week, remittances figure for the month of August clocked in at USD1.95bn, up by 11%YoY. Country’s total FX reserves reported a 1%WoW jump and clocked in at USD20.6bn owing to inflow from ADB loan
  • Country’s trade deficit increased to USD6.3bn during Jul-Aug, up by 33.5%YoY
  • SNGPL and SSGC rejected the 7.1% UfG target losses proposed by the consultants hired by Ogra
  • Government approved export of 0.5mn tons at a subsidy of PKR10.7/kg in view of 2.8mn tons of sugar availability
  • The gain was led by Habib Bank (HBL) and National Bank of Pakistan (NBP) contributing a cumulative 518pts to the index, due to the former’s fine settlement at USD225mn, far below the USD630mn which had been priced into the stock. Engro Corporation (ENGRO) was the second major contributor to the index at 182pts
  • On the political front, the key NA-120 bye election is scheduled for Sunday while NAB is expected to file an appeal for reopening of Hudaibiya Mills’ case within the next seven days
  • Another highlight of the week was results for the refinery sector where FY17 EPS growth for Pakistan Refinery (PRL) came in at 370%, Attock Refinery (ATRL) at 663% and National Refinery (NRL) at 4.6%
  • Country’s trade deficit widening by 33.52%YoY to US$6.29bn in 2MFY18, where both imports/exports(+24.85/+11.8%YoY) witnessed upward trend
  • Foreign workers’ remittances during 2MFY18 tweaking up to US$3.49bn (+13.2% YoY) with a seasonal impact of Eid‐ul‐Azha
  • Inclusion of MCB, SNGP, BAFL, MTL and THAL in the FTSE Asia Pacific ex-Japan index also played its part in pushing the benchmark into green, on hopes of higher foreign flows being routed into the market
  • Pakistan has received two short-term loans worth $230 million from international creditors, meant to keep the official foreign exchange reserves at a level sufficient to provide cover to three-month import bill


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 86.00
Target Price: PKR 132

Attock Petroleum (APL) – BUY 
Current Price: PKR 609.07
Target Price: PKR 796

Cherat Cement Company Limited (CHCC) – BUY 
Current Price: PKR 127.89
Target Price: PKR 251

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 155.05
Target Price: PKR 262.0

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 58.30
Target Price: PKR 83

ENGRO Foods Limited (EFOODS) – BUY 
Current Price: PKR 99.57
Target Price: PKR 138.66

ENGRO Corporations (ENGRO) – BUY 
Current Price: PKR 315.08
Target Price: PKR 400

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 28.95
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 34.24
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 35.02
Target Price: PKR 67

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 74.28
Target Price: PKR 122.0

Gharibwal Cement Ltd. (GWLC) – BUY 
Current Price: PKR 35.95
Target Price: PKR 100.00

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 195.53
Target Price: PKR 253.08

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 292.02
Target Price: PKR 428

Honda Atlas Cars (Pak) Ltd. (HCAR) – BUY 
Current Price: PKR 554.6
Target Price: PKR 912.2

HUBCO (HUBC) – BUY 
Current Price: PKR 117.18
Target Price: PKR 144

Indus Motors (INDU) – BUY 
Current Price: PKR 1,761.12
Target Price: PKR 2,214.3

Kohat Cement (KOHC) – BUY
Current Price: PKR 176.76
Target Price: PKR 353

Lucky Cement (LUCK) – BUY 
Current Price: PKR 613.89
Target Price: PKR 1,159.0

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,538.7
Target Price: PKR 2051

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 203.93
Target Price: PKR 250

Meezan Bank (MEBL) – BUY 
Current Price: PKR 77.93
Target Price: PKR 91

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 87.30
Target Price: PKR 179.0

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 59.09
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 51.56
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 41.00
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 148.03
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 45.35
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 152.32
Target Price: PKR 200

Pak Elektron Ltd. (PAEL) – BUY 
Current Price: PKR 73.4
Target Price: PKR 126.1

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 93.63
Target Price: PKR 161

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 495.44
Target Price: PKR 518

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 178.1
Target Price: PKR 218

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 461.12
Target Price: PKR 800.7

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 445.01
Target Price: PKR 490

Pakistan Telecommunication (PTC) – BUY 
Current Price: PKR 13.81
Target Price: PKR 19.00

United Bank Limited (UBL) – BUY 
Current Price: PKR 189.65
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

1 comment:

  1. majority of the predictions posted by experts on this site have proven wrong in the last week session, what is the use of providing tips and suggestions when our stock market proves to be an extremely unpredictable , in fact the market is totally depended upon rumors and the fact s that the market rises and declines with the cooperation of big gamblers , so called investors, otherwise Pakistan economic activities does not have the capacity to move even 1% of the index value, therefore I suggest to the so called tip advisers of the market who provide their valuable suggestions to the investors to first evaluate their predictions of the previous week and than write further on their blogs. My suggestion to investors is to go and invest using their own instincts rather than using advises of these pundits of the market.

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