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

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

Top gainers of last week were: IBFL, SHEL, PAEL, PAKT, BOP, PIBTL, COLG, SNGP, BAFL and BNWM.

Top losers of last week were: MTL, JSCL, AICL, POML, MUREB, HMB, EFERT, FFBL, CHCC and BAHL.

Top Volume Leaders of last week: PAEL, TRG, BOP, FCCL, EFERT, KEL, PIBTL, SSGL, FABL, and DGKC.

The Pakistan Stock Exchange (PSX) market index closed almost flattish during the week. KSE-100 index has closed on 43,363 by gaining 352 points or 0.82 % while KSE-30 index has closed on 21,551  by losing 60 or 0.28 %.

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

  • With the results season almost over and there being no real triggers in the market, investment activity remained low, as volumes remained thin
  • The government did, however, announce of a gas price hike of 5-7% in the preceding week to help curtail losses in the sector. The price hike is expected to generate additional revenues of PKR18bn. This ignited interest in the sector, as SNGPL (3.21%) and SSGC (1.90%) were both among the top gainers during the week 
  • Automobile sales numbers were also released by PAMA during the week, which showed a 23% increase Y/Y
  • Byco Petroleum Pakistan Limited, while re-commissioning its oil refinery, has announced that it will set up two more refineries to capitalise on domestic demand for petroleum products
  • Fauji Fertilizer Company Limited (FFC) and Hub Power Company Limited (Hubco) signed an agreement to set up a 330-megawatt local coal-based power project in Thar
  • Forex reserves fall to USD18.24bn
  • Chemical sector bagged investors participation throughout the week and attained top position on volume leaders chart with cumulative volume of 209mn shares due to improving margins of companies
  • Participation in broader market increased by 15% WoW, while traded value fell by 9% as hefty trading activity was witnessed in small cap index
  • Among sectors, commercial banks contributed 57 points to the index gain followed by OMCs 33 points and Tobbaco 29 points
  • Commerce division revealing that the country’s exports during Feb’18 grew by 16% YoY to reach at US$1.9bn, while imports inched up 8.43%YoY to US$4.8bn
  • OGRA granting provisional or construction licenses to 15 new oil marketing companies (mostly local) to build storage infrastructure across the country
  • IMF’s calls for privatization of PSM and PIA
  • Hint by Miftah Ismail over potential relief package for stock market in the upcoming budget

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 92.91
Target Price: PKR 122

Attock Cement (ACPL) – BUY 
Current Price: PKR 189.4
Target Price: PKR 261

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 53.38
Target Price: PKR 83

Attock Petroleum (APL) – BUY 
Current Price: PKR 570
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 93.9
Target Price: PKR 128

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 49
Target Price: PKR 55

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 69         
Target Price: PKR 75

Cherat Cement (CHCC) – BUY 
Current Price: PKR 130
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 146.7
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 295.05
Target Price: PKR 348.84

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 67.36
Target Price: PKR 79.94

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 31.15
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 27.3
Target Price: PKR 36

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 35.67
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 25.74
Target Price: PKR 58

General Tyre & Rubber (GTYR) – BUY 
Current Price: PKR 188.87
Target Price: PKR 231

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 262.56
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 204.7
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 487.8
Target Price: PKR 707

Habib Metro (HMB) – BUY 
Current Price: PKR 38.99
Target Price: PKR 50

Hi-Tech Lubricant (HTL) – BUY 
Current Price: PKR 103.41
Target Price: PKR 116

HUBCO (HUBC) – BUY 
Current Price: PKR 97
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,726.9
Target Price: PKR 2,069

Kohat Cement (KOHC) – BUY
Current Price: PKR 155.8
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 20.8
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 633.3
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,418
Target Price: PKR 2040 

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 209.5       
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 71.9
Target Price: PKR 107

National Foods (NATF) – BUY 
Current Price: PKR 299
Target Price: PKR 413

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 47.93
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 47.66
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 29.60
Target Price: PKR 50

Nishat Power (NPL) – BUY 
Current Price: PKR 32.50
Target Price: PKR 51

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 164.1
Target Price: PKR 193

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 70.5
Target Price: PKR 109

Pakgen Power (PKGP) – BUY 
Current Price: PKR 20.53
Target Price: PKR 34

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 618.92 
Target Price: PKR 714

Power Cement (POWER) – BUY 
Current Price: PKR 9.26
Target Price: PKR 16

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 201.3
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 491.92
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 293.8
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 189.1       
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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