Pakistan Stock Exchange (PSX) Weekly Analysis 28 Jan, 2018

BUY recommendations are:  ABL, ACPL, AICL, APL, ASTL, BAFL, BAHL, 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: EFOODS, IBFL, PIBTL, HUMNL, SCBPL, SHEL, DGKC, PIOC, PKGS and ABOT.

Top losers of last week were: POL, HCAR, UBL, JDWS, FFBL, EFUG, BAFL, FFC, MTL and MEBL.

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

The Pakistan Stock Exchange (PSX) market index rose continuing with its last five week’s positive momentum. KSE-100 index has closed on 44,551 by gaining 372 points or 0.84 % while KSE-30 index has closed on 22,434 by gaining 42 or 0.19 %.

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

  • The State Bank of Pakistan (SBP) announced its monetary policy today where it decided to increase the policy rate by 25bps to 6%. SBP had kept the policy rate unchanged at 5.75% for last 1.5 years as it had cut the policy rate by 25bps in May 2016. The last rate hike was seen in Nov 2013 when SBP had increased policy rate by 50bps
  • Pakistan's foreign exchange reserves fell to US$19.640bn, with the reserves held by central bank fell by US$166mn (1.23%WoW) attributable to external debt servicing
  • Fitch Ratings revised the Pakistan's outlook from Stable to Negative and affirmed both long-term Foreign currency IDRs at ''B''
  • As per NFDC, fertilizer off -take during CY17 grew by 8%YoY to 9.87mn tons
  • World Economic Forum (WEF) ranked Pakistan (47th position) ahead of India (62nd position) in terms of emerging economies of the world
  • SBP in its quarterly report said that prospects for economic growth remain strong and the economy is poised to achieve FY18 growth target of 6%
  • The earnings season kicked off, with HCAR revealing its 3QMY18 financial results with EPS of PKR 9.92, down by 5% Y/Y, which were lower than street expectations, due to margin compression emanating from rising cost pressures and the sales mix being tilted towards the low margin BRV
  • The Ministry of Commerce has agreed to clear used imported cars on the old duty and tax procedure
  • The country’s current account deficit widened further to $7.41 billion in the first half of this fiscal year, the State Bank of Pakistan (SBP)
  • The government of Pakistan Muslim League (Nawaz) has taken over $34 billion foreign loans from bilateral/multilateral as well as commercial bank during the last four years
  • Oil hit $71 a barrel on Thurs-day for the first time since 2014, supported by Opec-led supply curbs, a record-breaking run of declines in US crude inventories and a weaker US dollar
  • Gold prices climbed on Thursday to touch their highest since August 2016 as a weakening dollar helped it to extend gains of 10 per cent since mid-December


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 95.90       
Target Price: PKR 118

Attock Cement (ACPL) – BUY 
Current Price: PKR 191.08   
Target Price: PKR 261

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 56.98     
Target Price: PKR 83

Attock Petroleum (APL) – BUY 
Current Price: PKR 574.77       
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 96.98       
Target Price: PKR 128

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 45.98       
Target Price: PKR 50

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 64.41   
Target Price: PKR 72

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 166.33       
Target Price: PKR 194

ENGRO Corporations (ENGRO) – BUY 
Current Price: PKR 304.92
Target Price: PKR 359

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 31.85
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 29.69   
Target Price: PKR 36

Fauji Fert Bin Qasim (FFBL) – BUY 
Current Price: PKR 38.34
Target Price: PKR 50

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 29.71
Target Price: PKR 58

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 282.09       
Target Price: PKR 325.95

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 201.90       
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 520   
Target Price: PKR 707

Hi-Tech Lubricant (HTL) – BUY 
Current Price: PKR 78.85
Target Price: PKR 116

HUBCO (HUBC) – BUY 
Current Price: PKR 98.92       
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,876.11   
Target Price: PKR 2,069

Kot Addu Power Company (KAPCO) – BUY
Current Price: PKR 58.05           
Target Price: PKR 64.38

Kohat Cement (KOHC) – BUY
Current Price: PKR 168.30
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 22.34       
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 658.49         
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,531
Target Price: PKR 2,177

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 233.21   
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 86.68       
Target Price: PKR 107

National Foods (NATF) – BUY 
Current Price: PKR 312.50
Target Price: PKR 413

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 49.03
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 54.70
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 30.70   
Target Price: PKR 50

Nishat Mills (NML) – BUY 
Current Price: PKR 168.75
Target Price: PKR 178

Nishat Power (NPL) – BUY 
Current Price: PKR 32.95   
Target Price: PKR 51

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 170.84       
Target Price: PKR 193

Pak Elecktron (PAEL) – BUY 
Current Price: PKR 60.78   
Target Price: PKR 88

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 77.26       
Target Price: PKR 109

Pakgen Power (PKGP) – BUY 
Current Price: PKR 21.97       
Target Price: PKR 34

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 565.96
Target Price: PKR 677

Power Cement (POWER) – BUY 
Current Price: PKR 10.23
Target Price: PKR 16

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 207.69
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 520.92
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 314.99       
Target Price: PKR 392

Tariq Glass (TGL) – BUY 
Current Price: PKR 104.25
Target Price: PKR 122

United Bank Limited (UBL) – BUY 
Current Price: PKR 203.17 
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

No comments:

Post a Comment