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.

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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