Pakistan Stock Exchange (PSX) Weekly Analysis 4 June, 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: ATRL, NRL, COLG, SEARL, PAEL, TRG, GADT, SHFA, NML and PAKT.

Top losers of last week were: PIBTL, PICT, IBFL, EFUG, PIOC, NPL, FML, MLCF, PSX and MEBL.

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

The Pakistan Stock Exchange (PSX) market index extended its gains to close 2% WoW higher at 42,913 levels as sentiments remained positive on smooth transition from current government to caretaker set-up during the week. KSE-100 index has closed on 42,913 by gaining 839 points or 1.99 %. While KSE-30 index has closed on 20,991 by gaining 371 points or 1.80 %.

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


  • Nasir-ul-Mulk, a former Chief Justice of Pakistan, was named as caretaker Prime minister for a period of two months to hold general election on July 25
  • Banks posted gains as the State Bank of Pakistan (SBP) increased Policy rate by 50bps to 6.50% on account of growing external account pressures ahead
  • With the month ending, FBR posted revenue collection numbers for May-2018, which reflected a shortfall to government’s target
  • The government also announced extension of Export package for another three years
  • World Bank is reported to give US$400mn for green projects in Punjab
  • China has stated to roll over US$500mn loan that expires in Jun-2018
  • Cement prices increase in retail market
  • Pak Suzuki Motor Co (PSMC) set to increase car prices by Rs30,000-Rs80,000
  • Deposit Protection Corp starts today, which has been introduced to protect small depositors
  • Exxon, Eni Pakistan, Oil & Gas Development Co (OGDC) and Pakistan Petroleum Ltd (PPL) sign deed of assignment for offshore Indus
  • Attock Refinery (ATRL) and National Refinery (NRL) remained among top performers during the week, where both gained around 24% and 17% respectively in their values amid attractive valuation and restoration of FO supplies to power plants in Pakistan
  • Searle Pakistan (SEARL) gained around 12% during the week, as news was floating in market regarding build up of position by Milan based asset manager in SEARL
  • Foreigners were net sellers during the week amounting to US$17.5mn vs. net selling of US$26.1mn last week. On the other hand, amongst local investors Banks were net sellers of US$4.7mn whereas insurance were net buyer of US$30.4mn
  • Pakistan has borrowed US$9.6bn from external sources during 10MFY18 of which US$1.6bn was through new foreign loans during the month of April'18
  • The ECC of the Cabinet approved a package of five-year tax exemptions and a number of other incentives for former tribal region under federal and provincial administration
  • Foreign investors went against market movement and turned out as net sellers of USD17.52mn, whereas Insurance companies were the major buyers among local investors


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY
Current Price: PKR 99.66
Target Price: PKR 122

Attock Cement (ACPL) – BUY
Current Price: PKR 154.62
Target Price: PKR 261

Adamjee Insurance (AICL) – BUY
Current Price: PKR 49.91
Target Price: PKR 83

Attock Petroleum (APL) – BUY
Current Price: PKR 598.77
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY
Current Price: PKR 81.03
Target Price: PKR 128

Cherat Cement (CHCC) – BUY
Current Price: PKR 113.20
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY
Current Price: PKR 125.88
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY
Current Price: PKR 303.66
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY
Current Price: PKR 28.56
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY
Current Price: PKR 25
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY
Current Price: PKR 38.79
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY
Current Price: PKR 21.99
Target Price: PKR 58

General Tyre & Rubber (GTYR) – BUY
Current Price: PKR 169.56
Target Price: PKR 231

Hascol Petroleum (HASCOL) – BUY
Current Price: PKR 308.53
Target Price: PKR 372

Habib Bank Limited (HBL) – BUY
Current Price: PKR 172.91
Target Price: PKR 248

Honda Cars (HCAR) – BUY
Current Price: PKR 402.43
Target Price: PKR 707

Habib Metro (HMB) – BUY
Current Price: PKR 43
Target Price: PKR 50

Hi-Tech Lubricant (HTL) – BUY
Current Price: PKR 95.83
Target Price: PKR 116

HUBCO (HUBC) – BUY
Current Price: PKR 97.35
Target Price: PKR 138.7

Indus Motors (INDU) – BUY
Current Price: PKR 1,559.99
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 59
Target Price: PKR 65

Kohat Cement (KOHC) – BUY
Current Price: PKR 135.67
Target Price: PKR 248

Lalpir Power (LPL) – BUY
Current Price: PKR 19.52
Target Price: PKR 30

Lucky Cement (LUCK) – BUY
Current Price: PKR 545.56
Target Price: PKR 827

MARI Petroleum (MARI) – BUY
Current Price: PKR 1,528
Target Price: PKR 2,040

Muslim Commercial Bank (MCB) – BUY
Current Price: PKR   205.67
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY
Current Price: PKR 64.51
Target Price: PKR 107

National Foods (NATF) – BUY
Current Price: PKR 296
Target Price: PKR 413

National Bank of Pakistan (NBP) – BUY
Current Price: PKR 49.07
Target Price: PKR 74

Nishat Chunian (NCL) – BUY
Current Price: PKR 50
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY
Current Price: PKR 26.18
Target Price: PKR 50

Nishat Mills (NML) – BUY
Current Price: PKR 146.34
Target Price: PKR 174

Nishat Power (NPL) – BUY
Current Price: PKR 28
Target Price: PKR 51

Oil & Gas Development Co. (OGDC) – BUY
Current Price: PKR 159.21
Target Price: PKR 193

Pioneer Cement Limited (PIOC) – BUY
Current Price: PKR 50.97
Target Price: PKR 109

Pakgen Power (PKGP) – BUY
Current Price: PKR 19.69
Target Price: PKR 34

Pakistan Oilfields (POL) – BUY
Current Price: PKR 673.74
Target Price: PKR 714

Power Cement (POWER) – BUY
Current Price: PKR 8.78
Target Price: PKR 16

Pakistan Petroleum (PPL) – BUY
Current Price: PKR 214.02
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY
Current Price: PKR 457
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY
Current Price: PKR 317.90
Target Price: PKR 392

United Bank Limited (UBL) – BUY
Current Price: PKR 169.09
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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