Pakistan Stock Exchange (PSX) Weekly Analysis 9 Sep, 2017

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

Top gainers of last week were: TRG, JSCL, MTL, CJPL and EFOODS.

Top losers of last week were: HBL, CPPL, HASCOL, FEROZ, and PICT.

Top Volume Leaders of last week: TRG, ANL, ASL, BOP, and EPCL.

The Pakistan Stock Exchange (PSX) market, bears gained a foothold in the market in the week. KSE-100 index has closed on 41,401 by gaining 194 points or 0.47% while KSE-30 index has closed on 21,106 by gaining 103 points or 0.49%.

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


  • HBL's tussle with US regulators and perceived economic weakness, kept the KSE‐100 index up marginally (+0.47%WoW) to close at 41,401 points. Negative news flow concerning HBL’s money laundering case in USA weighed on the investors’ sentiments and kept them weak
  • CPI based inflation clocked in at 3.41%YoY in Aug'17 (CY17 average inflation now stands at 4.1%YoY)
  • In an out of court settlement, HBL has agreed with NYDFS to pay fine of US$225mn against violations of state regulatory provisions with the required penalty paid within 14 days of consent order execution
  • Pakistan's total foreign exchange reserves increased by 1.93%WoW (US$386mn) to US$20.387bn during the week ended Aug 31'17 (import cover of 4.3 months)
  • OGRA has officially notified revised well head gas price for PPL's flagship field "Sui", where the new price is PkR286/mmbtu (previously at PkR149/mmbtu), higher by ~92%
  • The Trump administration has reportedly held back previously promised military aid of US$255mn to Pakistan by attaching new conditions
  • Inflation figure for the month of August were released by PBS where the headline inflation clocked in at 3.41%YoY during Aug’17, in line with our estimates
  • Country’s total FX reserves reported a 2%WoW jump and clocked in at USD20.4bn
  • The government has decided to resume the process of privatization and divest up to 18.4% of its shareholding in Mari Petroleum Company Limited
  • K-Electric is seeking to buy about 1mn ton of liquefied natural gas (LNG) annually to feed a new power plant and is due to take bids from prospective suppliers


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 85.00
Target Price: PKR 132

Attock Petroleum (APL) – BUY 
Current Price: PKR 637.9
Target Price: PKR 796

Cherat Cement Company Limited (CHCC) – BUY 
Current Price: PKR 134.54
Target Price: PKR 251

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 155.83
Target Price: PKR 262.0

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 55.23
Target Price: PKR 83

ENGRO Foods Limited (EFOODS) – BUY 
Current Price: PKR 90.76
Target Price: PKR 138.66

ENGRO Corporations (ENGRO) – BUY 
Current Price: PKR 290.68
Target Price: PKR 400

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 28.70
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 34.83
Target Price: PKR 54

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 33.54
Target Price: PKR 67

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 71.64
Target Price: PKR 122.0

Gharibwal Cement Ltd. (GWLC) – BUY 
Current Price: PKR 36.55
Target Price: PKR 100.00

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 160.58
Target Price: PKR 253.08

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 294.13
Target Price: PKR 428

Honda Atlas Cars (Pak) Ltd. (HCAR) – BUY 
Current Price: PKR 571.2
Target Price: PKR 912.2

HUBCO (HUBC) – BUY 
Current Price: PKR 114.40
Target Price: PKR 144

Indus Motors (INDU) – BUY 
Current Price: PKR 1,725.11
Target Price: PKR 2,214.3

Kohat Cement (KOHC) – BUY
Current Price: PKR 182.9
Target Price: PKR 353

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 8.2
Target Price: PKR 10.2

Lucky Cement (LUCK) – BUY 
Current Price: PKR 596.15
Target Price: PKR 1,159.0

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,427.0
Target Price: PKR 2051

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 195.9
Target Price: PKR 250

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 88.14
Target Price: PKR 179.0

Millat Tractors Ltd.(MTL) – BUY 
Current Price: PKR 1,264.2
Target Price: PKR 1,675.3

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 53.94
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 50.6
Target Price: PKR 74

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 41.0
Target Price: PKR 59

Nishat Mills (NML) – BUY 
Current Price: PKR 137.90
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 147.91
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 94.77
Target Price: PKR 161

Pakistan Oilfields Limited (POL) – BUY 
Current Price: PKR 479.4
Target Price: PKR 518

Pakistan Petroleum Limited (PPL) – BUY 
Current Price: PKR 172.8
Target Price: PKR 218

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 455.22
Target Price: PKR 800.7

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 434.01
Target Price: PKR 490

Pakistan Telecommunication (PTC) – BUY 
Current Price: PKR 13.80
Target Price: PKR 19.00

Roshan Packages Ltd. (RPL) – BUY 
Current Price: PKR 53.7
Target Price: PKR 87.0

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 387.5
Target Price: PKR 776.3

United Bank Limited (UBL) – BUY 
Current Price: PKR 191.78
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

No comments:

Post a Comment