Pakistan Stock Exchange (PSX) Weekly Analysis 18 Feb, 2018

BUY recommendations are:  ACPL, APL, ASTL, BAHL, CHCC, DGKC, ENGRO, EFERT, FATIMA, FCCL, FFBL, GWLC, HASCOL, HBL, HCAR, HUBC, INDU, KOHC, LPL, LUCK, MARI, MCB, MLCF, NBP, NCL, NCPL, OGDC, PIOC, PPL, PSMC, PSO, and UBL.

Top gainers of last week were: HBL, HMB, NCPL, FABL, BAHL, HUMNL, UBL, SCBPL, KTML and FML.

Top losers of last week were: JGICL, MLCF, DGKC, SEARL, JSCL, SNGP, MUREB, PAEL, THALL and IBFL.

Top Volume Leaders of last week: TRG, KEL, PTC, SSGC, BOP, PAEL, HUMNL, FCCL, HMB, and PIBTL.

The Pakistan Stock Exchange (PSX) market index exhibited volatility due to concerns on macroeconomic front, fear of Pakistan’s inclusion in financial Action Task Force (FATF) watch‐list and increasing political noise. KSE-100 index has closed on 43,627 by losing -182 points or -0.41 % while KSE-30 index has closed on 21,851 by losing -45 or -0.21 %.

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

  • On the sector front; Commercial Banks contributed 380 points to index while Cements took away 168 points
  • SC reserving its judgment in Article 62-1F disqualification period case
  • Foreigners were net sellers of US$16.1mn worth of shares during the week vs. selling of US$8.5mn during last week. On the local front, Insurance were net buyers of US$16.8mn whereas Individuals were net sellers of US$6.5mn
  • Foreign direct investment (FDI) during the first seven months of the this fiscal year dropped 3 per cent on a year-on-year basis
  • Hi‐tech Lubricants (HTL) informed the exchange that they have launched two new products under their ZIC Brand lubricants product range. These new additions are expected to cater to demand of lubricants from passengers cars
  • MLCF reported lower than anticipated earnings, whereby gross margins for 2QFY18 declined by 24.56% Y/Y, on the backdrop of an upsurge in global coal prices
  • MCB announced earnings for 4QCY17 of Rs2.8bn (EPS:PKR2.70), down 32% Y/Y, which stood in line with market expectations, mainly on account of impairment against equity investments
  • Within the telecommunication sector, PTC bled value (↓4.85% W/W) as it reported a loss of PKR0.2 per share in 4QCY17, mainly owing to an in-crease in financial charges and core segment witnessing a marginal de-cline in revenue
  • The Indus Motor Company (IMC) made a third recall of Toyota Corolla vehicles in just one year owing to low quality parts and accessories, with total recalls now tallying over 15,000
  • Rice exports crossed the $1 billion mark during the first seven months of this fiscal year
  • In a major policy decision, the federal government has decided to allow import of three-year old used cars in accordance with previous policy on the demand of importers
  • HASCOL partners with TOTAL PARCO in cost-sharing project
  • K-Electric unveils PKR335bn investment plan


Following are few BUY recommendations:

Attock Cement (ACPL) – BUY 
Current Price: PKR 190.9     
Target Price: PKR 261

Attock Petroleum (APL) – BUY 
Current Price: PKR 560           
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 91.5           
Target Price: PKR 128

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 69.9     
Target Price: PKR 75

Cherat Cement (CHCC) – BUY 
Current Price: PKR 127.6 
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 141.4 
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 298.35 
Target Price: PKR 348.84

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 68.73   
Target Price: PKR 79.94

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 30.65
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 26.5     
Target Price: PKR 36

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 36.54       
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 26.35
Target Price: PKR 58

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 278.44           
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 211.7           
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 507.5     
Target Price: PKR 707

HUBCO (HUBC) – BUY 
Current Price: PKR 98.6         
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,726     
Target Price: PKR 2,069

Kohat Cement (KOHC) – BUY
Current Price: PKR 148.1 
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 21.9           
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 586           
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,560.1           
Target Price: PKR 2040 

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 223   
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 69.8         
Target Price: PKR 107

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 49.81
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 50.01
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 32.9
Target Price: PKR 50

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 167.6           
Target Price: PKR 193

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 70           
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 201.8 
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 490.73
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 302           
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 203.6     
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

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