Pakistan Stock Exchange (PSX) Weekly Analysis 21 May, 2018

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

Top gainers of last week were: JDWS, MUREB, JSCL, DCR, HMB, SSGC, ATLH, IBFL, COLG and PMPK.

Top losers of last week were: UNITY, PAEL, ATRL, CSAP, HCAR, SEARL, TRG, LUCK, FCCL and INIL.

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

The Pakistan Stock Exchange (PSX) market index remained in shambles for the third consecutive week in a row with benchmark KSE-100 index splashing red on the screen in all trading sessions. KSE-100 index has closed on 41,624 by losing -1971 points or - 4.52 %. While KSE-30 index has closed on 20,314 by losing -1065 points or -4.98 %.

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


  • Bears slammed volatile political climate post controversial comments by ex-PM Nawaz Sharif made over the weekend on Mumbai terror attack as it added towards overall uncertainty surrounding the upcoming general elections 
  • Recent numbers showing continued downward spiral in FX reserves (State Bank of Pakistan held US$10.79bn as on May 11, 2018, implying import cover of less than 2.5 months)
  • International oil prices hitting US$80/bbl mark
  • Foreign exchange: SBP's reserves plunge 3.26% to USD10.8bn
  • Foreign selling in Commercial banks kept whole sector under pressure during the week and eroded 346 points from the index. Among scrips HBL lost 4 5% UBL ( 5%) and MCB ( 1%) during the week
  • Engro Polymers (EPCL) has announced right shares of 37% at price of Rs22 per share (inclusive of premium of PKR 12/share) for expansion of its PVC capacity by 100k tons to 295k tons and debottlenecking of 50k tons of VCM
  • The ground breaking for the 780-kilometre long portion of Turkmenistan-Afghanistan-Pakistan-India (Tapi) Pipeline has been put on hold for the next couple of months, delaying initiation of civil work that was earlier planned to be done in December last year
  • Foreign direct investment (FDI) has grown at a slower pace during the current financial year compared to the same period last year
  • Kuwait’s Noor Financial Investment said on Wednesday a foreign financial firm has shown interest in buying part of its stake in Pakistan’s leading Islamic lender Meezan Bank
  • Government has consumed one billion dollars of short-term loans taken from Chinese banks within a fortnight to settle repayments of old debts
  • As per the recent SBP data, Pakistan external debt has reached to a record of US$91.8bn (30.8% of GDP) reflecting an increase of US$8.3bn in 9MFY18


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 94.90
Target Price: PKR 122

Attock Cement (ACPL) – BUY 
Current Price: PKR 158.64
Target Price: PKR 261

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 49.84
Target Price: PKR 83

Attock Petroleum (APL) – BUY 
Current Price: PKR 610.07
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 75.32
Target Price: PKR 128

Cherat Cement (CHCC) – BUY 
Current Price: PKR 113.43
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 126.32
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 288.10
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 28.03
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 24.31
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 37.84
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 22.01
Target Price: PKR 58

General Tyre & Rubber (GTYR) – BUY 
Current Price: PKR 164.99
Target Price: PKR 231

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 293.06
Target Price: PKR 372

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 167.93
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 403
Target Price: PKR 707

Habib Metro (HMB) – BUY 
Current Price: PKR 43.75
Target Price: PKR 50

Hi-Tech Lubricant (HTL) – BUY 
Current Price: PKR 90.99
Target Price: PKR 116

HUBCO (HUBC) – BUY 
Current Price: PKR 94.51
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,594.94
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 55.76
Target Price: PKR 65

Kohat Cement (KOHC) – BUY
Current Price: PKR 134.68
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 19.25
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 556.83
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,520
Target Price: PKR 2,040 

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   197.45
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 63.54
Target Price: PKR 107

National Foods (NATF) – BUY 
Current Price: PKR 330
Target Price: PKR 413

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 47.27
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 48.53
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 26.07
Target Price: PKR 50

Nishat Mills (NML) – BUY 
Current Price: PKR 131.14
Target Price: PKR 174

Nishat Power (NPL) – BUY 
Current Price: PKR 28.90
Target Price: PKR 51

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 161.56
Target Price: PKR 193

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 51.91
Target Price: PKR 109

Pakgen Power (PKGP) – BUY 
Current Price: PKR 19.21
Target Price: PKR 34

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 650.77
Target Price: PKR 714

Power Cement (POWER) – BUY 
Current Price: PKR 9.01
Target Price: PKR 16

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 206.38
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 459.48
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 303.59
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 166.54
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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