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

BUY recommendations are:  ABL, ACPL, AICL, APL, ASL, ASTL, BAFL, BAHL, CHCC, DGKC, EFERT, EFOODS, ENGRO, FATIMA, FCCL, FFBL, FFC, GWLC, HBL, HASCOL, HCAR, HMB, HTL, HUBC, INDU, ISL, KOHC, LPL, LUCK, MARI, MCB, MEBL, MLCF, NBP, NATF, NCL, NCPL, NML, NPL, OGDC, PAEL, PIOC, PKGP, POWER, PPL, PSMC, PSO, PTC, TGL, and UBL.

Top gainers of last week were: JDWS, DAWH, GLAXO, CSAP, NCL, ATRL, FFC, POML, PIBTL and NRL.

Top losers of last week were: KOHC, MEBL, IDYM, SHFA, BOP, MUREB, HBL, SNGP, EFOODS, and BWCL.

Top Volume Leaders of last week: TRG, KEL, PAEL, SSGC, BOP, EFERT, FFC, NCL, ATRL, and ISL.

The Pakistan Stock Exchange (PSX) market indexwent nowhere during the outgoing week as investors were in search of sunrise as political clouds rebuild. KSE-100 index has closed on 42,750 by losing -37 points or -0.09 % while KSE-30 index has closed on 21,881 by losing -99 points or -0.45 %.

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


  • Market participation improved as investors looked to gamble in penny stocks, average volumes were up 9% while value rose 3%
  • SBP released details for Aug’17 imports (+9%/US$355mn YoY to US$4.262bn); highest increase registered in Iron & Steel, up 108% YoY or US$167mn to US$321mn, followed by Mineral Fuels, Oils & Distillates (+15%YoY/US$142mn to US$1.1bn). Imports were down 10% on MoM basis or US$458mn
  • The Govt. plans to raise to Rs3.5trn from MTBs during Sep‐Nov whereas Rs250bn from PIBs as per the latest auction calendar of SBP
  • PML-N winning in NA-120 bye elections
  • National Accountability Bureau (NAB) posted its notice on the main gate of former Prime Minister Nawaz Sharif’s Jati Umra residence, according to sources. According to the notice, Nawaz cannot sell his residence to anyone. NAB Lahore has also sent notice to Finance Minister Ishaq Dar at his Islamabad and Lahore residence. According to the notice, Dar cannot sell his movable, immovable properties. Next hearing is on Sept 26th
  • National Accountability Bureau (NAB) on Friday arrested former National Bank of Pakistan (NBP) president Syed Ali Raza on charges of corruption after the Sindh High Court turned down Raza's bail request. NAB had filed a reference against the former NBP chief and other officials for allegedly misusing their authority by granting and revising financing facilities in the NBP Bangladesh branch that caused a loss of US$185mn to the national exchequer
  • Lahore High Court has ordered the Punjab government to make the Model Town incident report public. There were also media reports circulating during the week that the Finance Minister has decided to step down from his position
  • Murree Brewery (MUREB) reported FY17 EPS of Rs39 9 down 19% YoY Along with the result MUREB declared a final cash dividend of Rs10/sh
  • Nishat Chunian (NCL) announced its FY17 results, earnings grew 49% to Rs10.2/sh. Along with the result NCL declared a final dividend of Rs2.75/sh
  • Nishat Chunian Power (NCPL) disclosed FY17 EPS of Rs8.2, up 9% YoY. The company declared a final cash dividend of Rs1/sh
  • The prices of electricity and gas will go up as NEPRA has allowed power distribution companies to charge consumers 16.28% system losses compared to earlier permissible losses of 15.3%, while OGRA has increased prescribed tariff of gas of Sui Northern Gas (SNGP) by Rs60.65/MMBTU as the regulator has decided to pass on UFG losses of 6.3%. However, SNGP had asked for 9.21% UFG allowance 
  • Treet Corporation Limited, a PSX listed company, conducted a corporate briefing program for its Daewoo branded battery project, being completed at Faisalabad Industrial Estate located on M-3 Motorway Industrial City 
  • The Foreign Direct Investment (FDI) inflows jumped by 155 per cent to $457.2 million during the first two months of this fiscal year against $179.4m in the corresponding period of last year
  • Rabi (winter) crops, starting next month, are likely to face a shortfall of at least 7.2 million acre feet (MAF) of irrigation water on precarious supplies as exiting storage capacity in the country fell short to hold excessive inflows, officials said on Monday 
  • MoF seeking to appoint financial advisors for issuance of Islamic Sukuks upto US$1bn
  • UK reiterating its commitment to retain duty-free access for Pakistan
  • Senate standing committee demanding resignation of Finance Minister Ishaq Dar


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 90
Target Price: PKR 132

Attock Cement (ACPL) – BUY 
Current Price: PKR 201.4
Target Price: PKR 315

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 62.55
Target Price: PKR 90

Attock Petroleum (APL) – BUY 
Current Price: PKR 626.1
Target Price: PKR 796

Aisha Steels Limited (ASL) – BUY 
Current Price: PKR 19.2
Target Price: PKR 30

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 104.1
Target Price: PKR 156

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 42.1
Target Price: PKR 50

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 58.68
Target Price: PKR 72

Cherat Cement Company Limited (CHCC) – BUY 
Current Price: PKR 128.5
Target Price: PKR 251

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 152.1
Target Price: PKR 262.0

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 60.53
Target Price: PKR 83

ENGRO Foods Limited (EFOODS) – BUY 
Current Price: PKR 95.19
Target Price: PKR 138.66

ENGRO Corporations (ENGRO) – BUY 
Current Price: PKR 311.48
Target Price: PKR 400

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 29.90
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 34.3
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 35.38
Target Price: PKR 67

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 78.5
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 185.0
Target Price: PKR 253.08

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 286.21
Target Price: PKR 428

Honda Atlas Cars (Pak) Ltd. (HCAR) – BUY 
Current Price: PKR 535.4
Target Price: PKR 912.2

Habib Metro (HMB) – BUY 
Current Price: PKR 33.45
Target Price: PKR 52

Hi-Tech Lubricants (HTL) – BUY 
Current Price: PKR 99.53
Target Price: PKR 133

HUBCO (HUBC) – BUY 
Current Price: PKR 115.6
Target Price: PKR 144

Indus Motors (INDU) – BUY 
Current Price: PKR 1,756.1
Target Price: PKR 2,214.3

Inter Steel Limited (ISL) – BUY 
Current Price: PKR 123.2
Target Price: PKR 178

Kohat Cement (KOHC) – BUY
Current Price: PKR 157.1
Target Price: PKR 353

Lalpir Power (LPL) – BUY 
Current Price: PKR 22.18
Target Price: PKR 32

Lucky Cement (LUCK) – BUY 
Current Price: PKR 592.4
Target Price: PKR 1,159.0

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,550
Target Price: PKR 2,051

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 212.95
Target Price: PKR 250

Meezan Bank (MEBL) – BUY 
Current Price: PKR 71.99
Target Price: PKR 91

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 88.1
Target Price: PKR 179.0

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 58.03
Target Price: PKR 74

National Foods (NATF) – BUY 
Current Price: PKR 348.50
Target Price: PKR 473

Nishat Chunian (NCL) – BUY 
Current Price: PKR 54.56
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 40.4
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 148.12
Target Price: PKR 186

Nishat Power (NPL) – BUY 
Current Price: PKR 45.0
Target Price: PKR 81

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 149.6
Target Price: PKR 200

Pak Elektron Ltd. (PAEL) – BUY 
Current Price: PKR 75.3
Target Price: PKR 126.1

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 91.2
Target Price: PKR 161

Pakgen Power Limited (PKGP) – BUY 
Current Price: PKR 22.39
Target Price: PKR 34

Power Cement (POWER) – BUY 
Current Price: PKR 10.70
Target Price: PKR 16

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 175.2
Target Price: PKR 218

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 455.19
Target Price: PKR 800.7

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 448.1
Target Price: PKR 490

Pakistan Telecommunication (PTC) – BUY 
Current Price: PKR 14.14
Target Price: PKR 19.00

Tariq Glass (TGL) – BUY 
Current Price: PKR 102.5
Target Price: PKR 128

United Bank Limited (UBL) – BUY 
Current Price: PKR 194.5
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. Kindly share your contact number or sms me
    Shehryar Ahmed
    0322 4606087

    ReplyDelete