Pakistan Stock Exchange (PSX) Weekly Analysis 24 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: FATIMA, FFC, EFERT, APL, and FFBL.

Top losers of last week were: MLCF, ASTL, HASCOL, HBL and LUCK.

Top Volume Leaders of last week: KEL, POWER, TRG, LOTCHEM, and SMBL.

The Pakistan Stock Exchange (PSX) market index the benchmark KSE-100 Index stayed in the red territory this week as well. KSE-100 index has closed on 41,637 by losing 2044 points or -4.68%. While KSE-30 index has closed on 20,490 by losing 1076 points or 4.99%.

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


  • Rising concerns regarding global growth amid ongoing trade war (US and China) and domestic macroeconomic headwinds were major reasons behind the overall poor performance of the market during the week
  • With the conclusion of Ramadan, average daily traded volumes the at bourse increased encouragingly by 29%WoW to 170.07mn shares
  • The caretaker FM commented that the amnesty scheme for declaration of assets will not be extended beyond the Jun 30’18 deadline
  • Country’s current account deficit rising to US$15.961bn in 11MFY18, an increase of 43%YoY
  • Moody’s Investors Service downgrading Pakistan’s rating outlook to negative from stable
  • SECP notifying new Anti- Money Laundering and Countering Financing of Terrorism Regulations 2018 to satisfy the upcoming FATF meeting
  • Local urea prices posting a sharp increase toward PkR1,600/bag in the last few week amid looming urea shortage in upcoming months
  • Any decision with regards to the review of Pakistan’s action plan by the FATF in its plenary meeting (scheduled next week from Jun 24-29) can continue to weigh on market sentiment


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 99.02
Target Price: PKR 122

Attock Cement (ACPL) – BUY 
Current Price: PKR 143.20
Target Price: PKR 261

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 49.22
Target Price: PKR 83

Attock Petroleum (APL) – BUY 
Current Price: PKR 604.49
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 66.16
Target Price: PKR 128

Cherat Cement (CHCC) – BUY 
Current Price: PKR 105
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 113.08
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 310.32
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 31.71
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 23.12
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 38.61
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 20.83
Target Price: PKR 58

General Tyre & Rubber (GTYR) – BUY 
Current Price: PKR 156.42
Target Price: PKR 231

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 287.03
Target Price: PKR 372

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 163.86
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 312.25
Target Price: PKR 707

Habib Metro (HMB) – BUY 
Current Price: PKR 40.37
Target Price: PKR 50

Hi-Tech Lubricant (HTL) – BUY 
Current Price: PKR 89.54
Target Price: PKR 116

HUBCO (HUBC) – BUY 
Current Price: PKR 93.84
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,363.53
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 57.19
Target Price: PKR 65

Kohat Cement (KOHC) – BUY
Current Price: PKR 123.50
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 19.07
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 500.29
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,487
Target Price: PKR 2,040 

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   197.78
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 51.57
Target Price: PKR 107

National Foods (NATF) – BUY 
Current Price: PKR 310
Target Price: PKR 413

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 47.95
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 47.47
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 25.17
Target Price: PKR 50

Nishat Mills (NML) – BUY 
Current Price: PKR 143.51
Target Price: PKR 174

Nishat Power (NPL) – BUY 
Current Price: PKR 28.42
Target Price: PKR 51

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 156.54
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 45.67
Target Price: PKR 109

Pakgen Power (PKGP) – BUY 
Current Price: PKR 18.81
Target Price: PKR 34

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 647.95
Target Price: PKR 714

Power Cement (POWER) – BUY 
Current Price: PKR 8.49
Target Price: PKR 16

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 212.76
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 402.87
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 311.03
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 169.13
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

2 comments:

  1. Some predictions are unrealistic,and time limit is not given for these high value of shares.

    ReplyDelete