Pakistan Stock Exchange (PSX) Weekly Analysis 4 Mar, 2018

BUY recommendations are:  ACPL, APL, ASTL, BAFL, 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: POML, MLCF, PIOC, CHCC, FCCL, KOHC, DGKC, PKGS, LUCK and PAKT.

Top losers of last week were: MUREB, PAEL, IBFL, MARI, NATF, KTML, NCPL, ARM, THALL and AKBL.

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

The Pakistan Stock Exchange (PSX) market index finally returned to positive track, after posting loss for 4 consecutive weeks. KSE-100 index has closed on 43,740 by gaining 473 points or 1.09 % while KSE-30 index has closed on 22,059 by gaining 325 or 1.49%.

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

  • The Financial Action Task Force (FATF), a global money-laundering watchdog, has not put Pakistan on its watch list with immediate effect. However, it is set to take this action in June
  • The positive sentiments in the market were largely fuelled through attractive valuations, which allowed for a buying spree by mutual funds and insurance companies, who were net buyers of PKR720.22mn
  • Foreign investors were also involved in the market upsurge, as net FIPI clocked in at an inflow of USD1.81mn
  • The cement sector came out as the top performing sector during the preceding week, showing a change of 6.62% W/W
  • The Securities and Exchange Commission of Pakistan (SECP) has issued no objection certificate (NOC) for restructuring of bank loans given to Azgard Nine Ltd (ANL)
  • An accountability court has summoned the president of the National Bank of Pakistan (NBP) in a supplementary reference against defunct finance minister Ishaq Dar filed by the National Accountability Bureau on Monday. National Bank president Saeed Ahmed has been named as one of the three accused in addition to the minister in the supplementary reference after NAB detected transactions of millions of dollars to other countries through the bank accounts that he operated  
  • Pakistan will have to pay $3 billion to the International Monetary Fund (IMF) before June and for this funds will have to be raised from the international market, Minister of State for Finance Rana Muhammad Afzal Khan said on Tuesday 
  • Global markets rattled further as US President Trump proposed to levy 25% and 10% duties on steel and aluminium imports, respectively
  • Dewan group’s Daehan SHEHZORE Pickup unveiled
  • US $7 billion to be borrowed to plug C/A deficit
  • Energy sector circular debt touches record Rs922bn
  • PML N electing Shahbaz Sharif as an interim party head following SC’s disqualification of Nawaz Sharif in Election Act’17 case
  • Feb’18 CPI clocking in at 3.8%YoY, down 0.3%MoM on account of seasonal decline in perishable item prices
  • Foreign reserves declining by US$416mn (-2.82%WoW) to US$18.34bn
  • Urea sales clocking in at 539K tons for Jan’18, up 33%YoY
  • PAEL continued its downward trajectory and lost 10% of its value during the week owing to its debarment from participating in world bank’s energy related projects
  • DSL notified exchange about successful commencement of its commercial operations on 28th Feb, 2018
  • Forex reserves fall to USD18.41bn
  • Petrol prices hiked again


Following are few BUY recommendations:

Attock Cement (ACPL) – BUY 
Current Price: PKR 191.6       
Target Price: PKR 261

Attock Petroleum (APL) – BUY 
Current Price: PKR 571.9             
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 92.1             
Target Price: PKR 128

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 47.4         
Target Price: PKR 55

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 68.5       
Target Price: PKR 75

Cherat Cement (CHCC) – BUY 
Current Price: PKR 138.9   
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 153.1   
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 309.26   
Target Price: PKR 348.84

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 69.36   
Target Price: PKR 79.94

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 31.25
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 27.5       
Target Price: PKR 36

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 37.18       
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 26.54
Target Price: PKR 58

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 278.26
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 210.1             
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 481.3       
Target Price: PKR 707

HUBCO (HUBC) – BUY 
Current Price: PKR 98.9           
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,755.9       
Target Price: PKR 2,069

Kohat Cement (KOHC) – BUY
Current Price: PKR 158.5   
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 21.3             
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 644             
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,425.8             
Target Price: PKR 2040 

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 215.9     
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 74.4           
Target Price: PKR 107

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 47.46
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 49.18
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 29.71
Target Price: PKR 50

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 165             
Target Price: PKR 193

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 72             
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 204   
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 484.37
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 298.2             
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 189.4       
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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