Pakistan Stock Exchange (PSX) Weekly Analysis 15 Jan, 2018

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

Top gainers of last week were: SNGP, CSAP, TRG, JDWS, POML, FFC, PIBTL, INIL, SSGC and IGIIL.

Top losers of last week were: ARM, ATLH, NESTLE, IBFL, NBP, SEARL, KEL, EFUG, DGKC and ASTL.

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

The Pakistan Stock Exchange (PSX) market index closed on positive note because of developments over reconstitution of Baluchistan provincial cabinet following CM’s resignation was positively interpreted by the market participants. KSE-100 index has closed on 42,934 by gaining 410 points or 0.96 % while KSE-30 index has closed on 21,671 by gaining 213 or 0.99%.

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

  • US officials reiterating their demand of concrete actions against certain terrorists group especially safe havens in Pakistan
  • ECC approving a waiver of sales tax and customs duty on the import of cotton
  • Foreigners remained net buyer throughout the week, exhibiting an inflow of USD26.4mn
  • Overseas Pakistanis remitting US$9.7bn in 1HFY18, higher by 2.5%YoY
  • Auto sales figure for CY17 registering 18.7%YoY growth, where PSMC /HCAR sold 21/50%YoY more units while INDU’s sales remained flat(-0.1%YoY)
  • HCAR increased the prices of Honda City and Civic by PKR55,000 and PKR50,000, respectively to pass on the impact of rupee depreciated of 5% in the 2QFY18
  • Forex reserves down USD134mn
  • Car sales up 20.4% in six months
  • Country’s foreign exchange reserves have declined by USD134mn and the trade deficit has widened by 25% to USD18bn in 1HFY18
  • During the week, government announced to release new fertilizer policy in the coming week to decrease the manufacturing cost for farmers
  • On the macro front, World Bank foresees the Pakistan’s GDP to grow by 5.5% and 5.8% for FY18 and FY19, respectively
  • Chief of Army Staff General Qamar Javed Bajwa received two phone calls from US Centcom Commander General Joseph Votel and one from a US senator over the week to discuss Pak‐US security cooperation following President Donald Trump’s tweet, the Inter Services Public Relations (ISPR) said on Friday. The army chief told the US officials that Pakistan will continue its "sincere counter‐terrorism efforts" even without US financial support in accordance with its own national interest and will remain committed to bringing the effort to its logical conclusion along with other stakeholders 
  • Tariq Glass (TGL) in its notice sent to PSX stated that the construction of the new state of the art Opal Glass Dinnerware Project with a capacity of 35 tons per day, has been completed. It is currently holding the inauguration ceremony for the firing/lighting up of the furnace of this new state of the art plant for manufacturing of Opal Glass Dinnerware
  • The steel sector also showed buying momentum, closing at a gain of 9.51%. Interest in the steel sector can be attributed to the recent currency depreciation. Individually, CSAP (18.56%) and INIL (6.83%) were among the top performing scripts
  • The Economic Coordination Committee (ECC) of the cabinet approved on Friday a waiver of sales tax and customs duty on the import of cotton
  • Attock Cement Pakistan Ltd (ACPL) has started operations of its new production line at Hub, Balochistan. The production capacity of this line is 4,000 tonnes per day (1.2 million tonnes per annum)
  • Sales of passenger cars rose 20.4 to 103,432 units in the first half of the current fiscal year of 2017/18

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 90.01     
Target Price: PKR 118

Attock Cement (ACPL) – BUY 
Current Price: PKR 184.17 
Target Price: PKR 261

Adamjee Insurance  (AICL) – BUY 
Current Price: PKR 55     
Target Price: PKR 83

Attock Petroleum (APL) – BUY 
Current Price: PKR 574.69     
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 92.56     
Target Price: PKR 128

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 46.19     
Target Price: PKR 50

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 63.03   
Target Price: PKR 72

Cherat Cement Company Limited (CHCC) – BUY 
Current Price: PKR 114.38     
Target Price: PKR 140

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 137.23     
Target Price: PKR 194

ENGRO Corporations (ENGRO) – BUY 
Current Price: PKR 287.23
Target Price: PKR 359

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 30.59
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 26.93 
Target Price: PKR 36

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 39.03
Target Price: PKR 50

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 24.95
Target Price: PKR 58

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 264.97     
Target Price: PKR 325.95

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 194.82     
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 518.4 
Target Price: PKR 707

Hi-Tech Lubricant (HTL) – BUY 
Current Price: PKR 74.06       
Target Price: PKR 116

HUBCO (HUBC) – BUY 
Current Price: PKR 91.54     
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,756.46 
Target Price: PKR 2,069

Kot Addu Power Company (KAPCO) – BUY
Current Price: PKR 56.10         
Target Price: PKR 64.38

Kohat Cement (KOHC) – BUY
Current Price: PKR 147.7   
Target Price: PKR 248

Lalpir Power  (LPL) – BUY 
Current Price: PKR 22.31       
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 579.3       
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,489.7
Target Price: PKR 2,177

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 224.03 
Target Price: PKR 230

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 79.23     
Target Price: PKR 107

National Foods (NATF) – BUY 
Current Price: PKR 310.05
Target Price: PKR 413

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 47.26
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 50.63
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 30.44   
Target Price: PKR 50

Nishat Mills (NML) – BUY 
Current Price: PKR 161.49
Target Price: PKR 178

Nishat Power (NPL) – BUY 
Current Price: PKR 32.23   
Target Price: PKR 51

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 167.27     
Target Price: PKR 193

Pak Elecktron (PAEL) – BUY 
Current Price: PKR 55.2   
Target Price: PKR 88

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 66.41     
Target Price: PKR 109

Pakgen Power  (PKGP) – BUY 
Current Price: PKR 66.41     
Target Price: PKR 109

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 611.50
Target Price: PKR 677

Power Cement (POWER) – BUY 
Current Price: PKR 9.07
Target Price: PKR 16

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 210.75
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 500.66
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 302.82     
Target Price: PKR 392

Tariq Glass (TGL) – BUY 
Current Price: PKR 96.1   
Target Price: PKR 122

United Bank Limited (UBL) – BUY 
Current Price: PKR 211.48 
Target Price: PKR 238

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. hat buys foreign assets must pay in the currency of the country, so it needs to convert its currency into the currency of the country. how to make money online trading

    ReplyDelete