Pakistan Stock Exchange (PSX) Weekly Analysis 27 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: EFOODS, GWLC, MLCF, BAFL, ENGRO, HUBC, FFC, BAHL, and PPL.

Top losers of last week were: PSMC, LUCK, APL, INDU, NATF, KTML, COLG, OGDC and KEL.

Top Volume Leaders of last week: FABL, PAEL, FCCL, BOP and FDIBL.

The Pakistan Stock Exchange (PSX) market index managed to close in the green (+450pts/1.1%WoW) to 42,074 points, amid attractive valuation that enticed investors to make fresh entry in the market.  KSE-100 index has closed on 42,074 by gaining 450 points or 1.08 %. While KSE-30 index has closed on 20,620 by gaining 306 points or 1.51 %.

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


  • State Bank of Pakistan raises key interest rate by 50 basis points to 6.5% in the monetary policy 
  • 10MFY18 CAD widening 50% to US$14.035bn on the back of increasing merchandise imports outweighing exports
  • ECP proposing July 25th-27th as possible dates for the upcoming General Election'18
  • Foreign reserves reach below US$17bn mark after declining US$415mn during the last week, after having incurred debt servicing cost of ~US$0.5bn
  • Auto sector is consistently underperforming as Govt. has barred non-filers from buying a new car that is likely to hit sales of the assemblers. INDU has lost around 18% since budget announcement date, while HCAR and PSMC has lost ~15% and 9% respectively
  • Foreigners were net sellers during the week amounting to US$26.1mn vs. net selling of US$20mn last week. On the other hand, amongst local investors mutual funds were net sellers of US$4.4mn whereas insurance were net buyer of US$23.2mn
  • Meezan Bank (MEBL) notified exchange regarding successful divestment of 2.49% stake of its majority shareholder (Noor Financial) to various foreign institutional investors at price of Rs70 per share
  • The National Electric Power Regulatory Authority (NEPRA) on Thursday ordered ex‐Wapda distribution companies to refund 62 paisa per unit to consumers for overcharging them about Rs6.5 billion in April

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 97.50
Target Price: PKR 122

Attock Cement (ACPL) – BUY 
Current Price: PKR 166.50
Target Price: PKR 261

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 48.31
Target Price: PKR 83

Attock Petroleum (APL) – BUY 
Current Price: PKR 593.57
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 75.01
Target Price: PKR 128

Cherat Cement (CHCC) – BUY 
Current Price: PKR 112.81
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 125.65
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 297.34
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 27.51
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 24.53
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 37.50
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 23.31
Target Price: PKR 58

General Tyre & Rubber (GTYR) – BUY 
Current Price: PKR 162.97
Target Price: PKR 231

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 304.11
Target Price: PKR 372

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 170.61
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 400.88
Target Price: PKR 707

Habib Metro (HMB) – BUY 
Current Price: PKR 43.50
Target Price: PKR 50

Hi-Tech Lubricant (HTL) – BUY 
Current Price: PKR 90.66
Target Price: PKR 116

HUBCO (HUBC) – BUY 
Current Price: PKR 98.03
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,556.59
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 56.68
Target Price: PKR 65

Kohat Cement (KOHC) – BUY
Current Price: PKR 136.08
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 19.61
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 539.19
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,510
Target Price: PKR 2,040 

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   199.98
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 66.54
Target Price: PKR 107

National Foods (NATF) – BUY 
Current Price: PKR 300
Target Price: PKR 413

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 49.19
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 48.08
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 25.94
Target Price: PKR 50

Nishat Mills (NML) – BUY 
Current Price: PKR 133.89
Target Price: PKR 174

Nishat Power (NPL) – BUY 
Current Price: PKR 29
Target Price: PKR 51

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 159.88
Target Price: PKR 193

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 53
Target Price: PKR 109

Pakgen Power (PKGP) – BUY 
Current Price: PKR 19.95
Target Price: PKR 34

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 662.13
Target Price: PKR 714

Power Cement (POWER) – BUY 
Current Price: PKR 8.74
Target Price: PKR 16

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 214.97
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 440
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 302.28
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 170.06
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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