Pakistan Stock Exchange (PSX) Weekly Analysis 15 July, 2018

BUY recommendations are:  ABL, ACPL, AKBL, APL, ASTL, CHCC, DGKC, ENGRO, FATIMA, FCCL, FFBL, GWLC, HBL, HCAR, HUBC, INDU, KAPCO, KOHC, LOTCHEM, LUCK, MARI, MCB, MLCF, MTL, NBP, NCL, NML, NPL, OGDC, PAEL, PIOC, PPL, PSMC, PSO, SEARL, SNGP and UBL.

Top gainers of last week were: UCAPM, KOHP, AMBL, PPVC, FCIBL, SBL, SERF, DWSM, TSBL and RUBY.

Top losers of last week were: FNBM, DAAG, OML, MUBT, EPCLR, SFAT, SASML, POML, LPGL and AABS.

Top Volume Leaders of last week:  BOP, EPCLR, KEL, FABL, EPCL, PTC, FFL, UBL, AKBL and UNITY.

The Pakistan Stock Exchange (PSX) market index had a rough start but better ending. KSE-100 index closed at 40,271pts by losing just 13 points or 0.03%. While KSE-30 index has closed on 19,865 by gaining 91 points.

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


  • The State Bank of Pakistan on Saturday raised its interest rate by a sharp 100 basis points to 7.5 per cent, the biggest push in 10 years, and flagged concerns about economic uncertainties, which remain the key factor for policy tightening this year
  • An analyst from Elixir Securities said that the banks would continue to remain in limelight owing to expected interest rate hike
  • In comparison to the previous week, average daily volume increased 18% to 131 million, while average daily traded value grew by 41% to $49.3 million
  • Monday kicked off on a bearish note, as the market remained gloomy due to the Supreme Court’s verdict in the Avenfield apartment case against former Prime Minister Nawaz Sharif and Maryam Nawaz
  • Pakistan Army’s press conference regarding holding the elections on time also contributed to stability at the stock market
  • In terms of sectors, positive contribution came from banks (up 417 points), fertilizers (40 points) and chemicals (20 points). On the other hand, sectors that remained under pressure were led by cements (down 137 points) as coal prices touched $109/ton, food and personal care products (76 points), and oil and gas marketing companies (55 points)
  • Foreigners continued to remain net sellers for the 10th successive week, offloading stocks worth $26.6 million due to the uncertain political and economic climate
  • On the local front, mutual funds also remained net sellers of $9.5 million
  • State Bank of Pakistan released its 3QFY18 report, urea sales inched up 22% in June, FIA sought Summit Bank’s equity details from SBP and SECP, fiscal deficit increased to 4.3% of GDP in July-Marc period and trade deficit hit an all-time high of $37.67 billion

Following are few BUY recommendations:

Allied Bank Ltd (ABL) – BUY 
Current Price: PKR 104.93
Target Price: PKR 125.5

Attock Cement Ltd (ACPL) – BUY 
Current Price: PKR 120.99
Target Price: PKR 195.4

Askari Bank Ltd (AKBL) – BUY 
Current Price: PKR 22.55
Target Price: PKR 28.2

Attock Petroleum (APL) – BUY 
Current Price: PKR 559.75
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 57.26
Target Price: PKR 128

Cherat Cement (CHCC) – BUY 
Current Price: PKR 84.77
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 86.25
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 314.22
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 32.42
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 20.22
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 36.40
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 19.38
Target Price: PKR 58

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 167.94
Target Price: PKR 248

Honda Atlas Cars (Pak) Ltd. (HCAR) – BUY 
Current Price: PKR 282.46
Target Price: PKR 671.6

HUBCO (HUBC) – BUY 
Current Price: PKR 89.74
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,321.79
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 54.03
Target Price: PKR 65

Kohat Cement Company (KOHC) – BUY
Current Price: PKR 105.45
Target Price: PKR 169.4

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY
Current Price: PKR 11.22
Target Price: PKR 15.9

Lucky Cement (LUCK) – BUY 
Current Price: PKR 482.75
Target Price: PKR 827

Mari Petroleum (MARI) – BUY 
Current Price: PKR   1433.53
Target Price: PKR 2130

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   204.02
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 41.98
Target Price: PKR 107

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1050.42
Target Price: PKR 1604

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 50.58
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 46.22
Target Price: PKR 69

Nishat Mills (NML) – BUY 
Current Price: PKR 132.25
Target Price: PKR 174

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 28.00
Target Price: PKR 39.1

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 149.03
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 33.05
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 41.65
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 207.48
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 363.20
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 300.42
Target Price: PKR 392

Searle Company Ltd. (SEARL) – BUY 
Current Price: PKR 301.74
Target Price: PKR 505

Sui Northern Gas Pipeline Ltd. (SNGP) – BUY 
Current Price: PKR 85.53
Target Price: PKR 163.1

United Bank Limited (UBL) – BUY 
Current Price: PKR 160.19
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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