Pakistan Stock Exchange (PSX) Weekly Analysis 10 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, PAEL, PIOC, PKGP, POL, POWER, PPL, PSMC, PSO, and UBL.

Top gainers of last week were: UBL, HBL, BAFL, LUCK and FATIMA.

Top losers of last week were: KAPCO, NCL, PSMC, INDU and KEL.

Top Volume Leaders of last week: BOP, PAEL, TRG, PIBTL, and SSGC.

The Pakistan Stock Exchange (PSX) market index continued its bull run into the 2nd week post announcement of caretaker setup. KSE-100 index has closed on 43,948 by gaining 1035 points or 2.41%. While KSE-30 index has closed on 21,664 by gaining 673 points or 3.21%.

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

• Volumes returned over perceived political calmness despite shorter Ramadan days, averaging 183.79mn vs. 119.05mn in the preceding week, up by 54%WoW
• Supreme Court suspending a Lahore High Court (LHC) judgment that annulled the new nomination papers, paving the way for timely election
• Headline inflation for May’18 ticking up to 4.2%YoY as the impact of petroleum price hike and rupee depreciation became more visible
• World Bank revising down Pakistan’s GDP growth to 5% against officially envisaged target of 6.2% for FY19, citing adverse impact of tighter policies
• Petroleum products sales reaching 2.45mn tons in May’18, up 31%MoM/1%YoY

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 100
Target Price: PKR 122

Attock Cement (ACPL) – BUY 
Current Price: PKR 160.03
Target Price: PKR 261

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 50.45
Target Price: PKR 83

Attock Petroleum (APL) – BUY 
Current Price: PKR 609.60
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 82.12
Target Price: PKR 128

Cherat Cement (CHCC) – BUY 
Current Price: PKR 114.14
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 131.30
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 309.86
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 30.02
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 25.49
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 39.22
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 22.25
Target Price: PKR 58

General Tyre & Rubber (GTYR) – BUY 
Current Price: PKR 170.44
Target Price: PKR 231

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 314.63
Target Price: PKR 372

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 184.88
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 409.33
Target Price: PKR 707

Habib Metro (HMB) – BUY 
Current Price: PKR 43.92
Target Price: PKR 50

Hi-Tech Lubricant (HTL) – BUY 
Current Price: PKR 99.73
Target Price: PKR 116

HUBCO (HUBC) – BUY 
Current Price: PKR 96.26
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,518.55
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 58.71
Target Price: PKR 65

Kohat Cement (KOHC) – BUY
Current Price: PKR 137.25
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 19.11
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 579.15
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,531
Target Price: PKR 2,040 

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   213.32
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 64.76
Target Price: PKR 107

National Foods (NATF) – BUY 
Current Price: PKR 294.34
Target Price: PKR 413

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 49.85
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 49.88
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 24.94
Target Price: PKR 50

Nishat Mills (NML) – BUY 
Current Price: PKR 148.65
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 162.36
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 39.78
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 51.34
Target Price: PKR 109

Pakgen Power (PKGP) – BUY 
Current Price: PKR 19
Target Price: PKR 34

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 680.30
Target Price: PKR 714

Power Cement (POWER) – BUY 
Current Price: PKR 8.91
Target Price: PKR 16

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 216.11
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 449.85
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 320.03
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 182.47
Target Price: PKR 238

Thank you very much for reading this article.

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Written by: Rana Khuram