Pakistan Stock Exchange (PSX) Weekly Analysis 31 Mar, 2018

BUY recommendations are:  ABL, ACPL, APL, ASTL, 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: KEL, AICL, PMPK, FABL, JGICL, EFOODS, PIBTL, FFC, AKBL and NCL.

Top losers of last week were: SHFA, EFUG, SNGP, HUMNL, SSGC, ATLH, HBL, KTML, ASTL and POML.

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

The Pakistan Stock Exchange (PSX) market index managed to close in green. KSE-100 index has closed on 45,560 by gaining 530 points or 1.2%.

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

  • State Bank of Pakistan (SBP) in its monetary policy announcement maintained its Policy Rate at 6%, which was contrary to expectations. As per survey conducted by Bloomberg, 13 out of 22 economist had forecasted 25bps hike in policy rate while 6 economist predicted 50bps hike. The remaining 3 economist anticipated a status quo 
  • Forex reserves fall to USD17.95bn
  • FBR to miss annual tax target by PKR100bn
  • Ghandhara Nissan announced its green-field investment to launch Datsun cars in Pakistan with an investment of PKR4.5bn over the next 4 years
  • Private sector loans reach all-time high of PKR4.89trn in Feb’18
  • Rickshaw maker Sazgar gets approval for car manufacturing plant
  • In light of currency depreciation HCAR increased prices for Civic and City by PKR100,000 each and PKR20,000 for BRV
  • K-Electric (KEL) remained the talk of the town as Shanghai Electric submitted fresh intentions to acquire majority stake in the company
  • News of potential increase in prices of Urea by Rs100/bag if government decides to remove subsidy on the fertilizer
  • Imposition of anti-dumping duties on import of certain uncoated writing/printing paper
  • TRG the retail darling was hammered as the company unveiled its plans to delay listing of its key subsidiary IBEX Limited on the NASDAQ
  • Kapco challenges Rs28bln of power outage fine in international court

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 98.47
Target Price: PKR 122

Attock Cement (ACPL) – BUY 
Current Price: PKR 190.36
Target Price: PKR 261

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 58
Target Price: PKR 83

Attock Petroleum (APL) – BUY 
Current Price: PKR 574.55 
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 92
Target Price: PKR 128

Cherat Cement (CHCC) – BUY 
Current Price: PKR 128.3
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 163.11 
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 309.65
Target Price: PKR 348.84

ENGRO Fertilizer Limited (EFERT) – BUY 
Current Price: PKR 69.09
Target Price: PKR 79.94

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 32.84
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 29.25 
Target Price: PKR 36

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 41.84
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 26.34
Target Price: PKR 58

General Tyre & Rubber (GTYR) – BUY 
Current Price: PKR 191.67
Target Price: PKR 231

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 265.44
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 212.15 
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 477.3
Target Price: PKR 707

Habib Metro (HMB) – BUY 
Current Price: PKR 42.91
Target Price: PKR 50

Hi-Tech Lubricant (HTL) – BUY 
Current Price: PKR 105.19
Target Price: PKR 116

HUBCO (HUBC) – BUY 
Current Price: PKR 100.50
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,742.25 
Target Price: PKR 2,069

Kohat Cement (KOHC) – BUY
Current Price: PKR 160.49 
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 21.24 
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 689.62 
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,480
Target Price: PKR 2040 

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 220.13       
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 70.83
Target Price: PKR 107

National Foods (NATF) – BUY 
Current Price: PKR 310
Target Price: PKR 413

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 50.06
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 51.73
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 30.62
Target Price: PKR 50

Nishat Power (NPL) – BUY 
Current Price: PKR 32.32
Target Price: PKR 51

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 174.08 
Target Price: PKR 193

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 70.04 
Target Price: PKR 109

Pakgen Power (PKGP) – BUY 
Current Price: PKR 21.28
Target Price: PKR 34

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 650.56
Target Price: PKR 714

Power Cement (POWER) – BUY 
Current Price: PKR 9.38
Target Price: PKR 16

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 212.84
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 477.68
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 321.49 
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 208.89         
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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