Pakistan Stock Exchange (PSX) Weekly Analysis 1 July, 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: HASCOL, KEL, ASTL, ABL and INDU.

Top losers of last week were: NML, PMSC, APL, KAPCO, and CHCC.

Top Volume Leaders of last week: POWER, KEL, BOP, PAEL and TRG.

The Pakistan Stock Exchange (PSX) market index staged recovery on emerging clarity over Pakistan’s status in the FATF’s watch-list (being placed only in grey list, later confirmed by FO). KSE-100 index has closed on 41,911 by gaining 274 points or 0.66%. While KSE-30 index has closed on 20,569 by gaining 79 points or 0.39%.

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


  • GoP notifying increase in profit margins of Oil Marketing Companies (OMCs) and dealers for HSD (+PkR0.26/liter) and MoGAS (+0.09/liter)
  • Government also increased the fuel (Petrol/Diesel etc.) prices
  • GoP reportedly raising PkR36bn in tax revenue under the amnesty program for undeclared local and foreign assets
  • Gas utilities demanding an increase in their average prescribed prices for FY19 by PkR357/109/mmbtu (SNGP/SSGC) based on their revenue requirements, however, consumer gas prices will officially be hiked post gov’t notification
  • Pakistan’s foreign exchange reserves falling 3.30%WoW to US$16.243bn during the week ended Jun 22’18


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 103
Target Price: PKR 122

Attock Cement (ACPL) – BUY 
Current Price: PKR 134.48
Target Price: PKR 261

Adamjee Insurance (AICL) – BUY 
Current Price: PKR 48.73
Target Price: PKR 83

Attock Petroleum (APL) – BUY 
Current Price: PKR 589.99
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 70.55
Target Price: PKR 128

Cherat Cement (CHCC) – BUY 
Current Price: PKR 97.23
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 114.49
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 313.86
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 32.40
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 22.85
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 38.60
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 20.92
Target Price: PKR 58

General Tyre & Rubber (GTYR) – BUY 
Current Price: PKR 166.20
Target Price: PKR 231

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 313.76
Target Price: PKR 372

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 166.44
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 316.39
Target Price: PKR 707

Habib Metro (HMB) – BUY 
Current Price: PKR 43.35
Target Price: PKR 50

Hi-Tech Lubricant (HTL) – BUY 
Current Price: PKR 101.32
Target Price: PKR 116

HUBCO (HUBC) – BUY 
Current Price: PKR 92.16
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,421.46
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 53.91
Target Price: PKR 65

Kohat Cement (KOHC) – BUY
Current Price: PKR 123.07
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 19.21
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 507.93
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1,506
Target Price: PKR 2,040 

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   197.77
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 50.74
Target Price: PKR 107

National Foods (NATF) – BUY 
Current Price: PKR 318
Target Price: PKR 413

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 47.37
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 47.48
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 28.14
Target Price: PKR 50

Nishat Mills (NML) – BUY 
Current Price: PKR 140.92
Target Price: PKR 174

Nishat Power (NPL) – BUY 
Current Price: PKR 29.64
Target Price: PKR 51

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 155.62
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 46.86
Target Price: PKR 109

Pakgen Power (PKGP) – BUY 
Current Price: PKR 19.28
Target Price: PKR 34

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 671.79
Target Price: PKR 714

Power Cement (POWER) – BUY 
Current Price: PKR 8.35
Target Price: PKR 16

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 214.90
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 393.38
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 318.31
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 168.98
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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