Pakistan Stock Exchange (PSX) Weekly Analysis 7 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: KAPCO, NBP, EFERT, MCB, and BAFL.

Top losers of last week were: NML, EFOODS, MLCF, CHCC, and ASTL.

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

The Pakistan Stock Exchange (PSX) market index was volatile, During a week where accountability court reserved its verdict on Avenfield reference case and finally ended with severe punishments & hefty fines on Nawaz and family, investors chose to remain on the sidelines with volumes sliding down by 39.1%WoW to 110.65mn shares, while the benchmark KSE-100 index closed at 40,284pts on Friday, down 3.88% WoW. While KSE-30 index has closed on 19,774 by losing 795 points or 3.87%.

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


  • Concentrated interest was witnessed in K-Electric (KEL) as the regulator announced revised tariff, albeit giving a meagre PkR0.047/KwH raise (under O&M expenses) over the previous one, where the scrip gathered volumes of 79.37mn shares
  • Extension in tax amnesty scheme till Jul 31’18, with latest reports claiming collection of PkR100bn so far
  • China reportedly lending US$1bn to support Pakistan’s forex reserves, with SBP reserves reported at US$9.79bn
  • GoP raising MS and HSD prices by PkR7.54/14/liter to PkR99.50/119.31/liter
  • Fitch warning gov’t authorities about the deteriorating economic situation, specifically forex reserves, and revising growth assumption for FY19 to 5.0% from 5.5% previously
  • Inflation for Jun’18 spiking up to 5.2%YoY, averaging at 3.92%YoY for FY18


Following are few BUY recommendations:

Allied Bank Ltd (ABL) – BUY 
Current Price: PKR 98
Target Price: PKR 125.5

Attock Cement Ltd (ACPL) – BUY 
Current Price: PKR 124.28
Target Price: PKR 195.4

Askari Bank Ltd (AKBL) – BUY 
Current Price: PKR 21.42
Target Price: PKR 28.2

Attock Petroleum (APL) – BUY 
Current Price: PKR 559.88
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 61.16
Target Price: PKR 128

Cherat Cement (CHCC) – BUY 
Current Price: PKR 85.82
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 108.62
Target Price: PKR 194

ENGRO Corporation (ENGRO) – BUY 
Current Price: PKR 307.26
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 31.41
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 22.44
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 36.17
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 19.80
Target Price: PKR 58

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 160.77
Target Price: PKR 248

Honda Atlas Cars (Pak) Ltd. (HCAR) – BUY 
Current Price: PKR 300.75
Target Price: PKR 671.6

HUBCO (HUBC) – BUY 
Current Price: PKR 88.96
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,335.69
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 54.56
Target Price: PKR 65

Kohat Cement Company (KOHC) – BUY
Current Price: PKR 110.76
Target Price: PKR 169.4

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY
Current Price: PKR 11.79
Target Price: PKR 15.9

Lucky Cement (LUCK) – BUY 
Current Price: PKR 484.30
Target Price: PKR 827

Mari Petroleum (MARI) – BUY 
Current Price: PKR   1452.41
Target Price: PKR 2130

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   195.53
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 46.66
Target Price: PKR 107

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1106.13
Target Price: PKR 1604

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 47.21
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 46.68
Target Price: PKR 69

Nishat Mills (NML) – BUY 
Current Price: PKR 131.67
Target Price: PKR 174

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 28.25
Target Price: PKR 39.1

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 148.10
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 34.26
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 43.79
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 205.08
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 378.65
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 304.71
Target Price: PKR 392

Searle Company Ltd. (SEARL) – BUY 
Current Price: PKR 310.44
Target Price: PKR 505

Sui Northern Gas Pipeline Ltd. (SNGP) – BUY 
Current Price: PKR 90.79
Target Price: PKR 163.1

United Bank Limited (UBL) – BUY 
Current Price: PKR 161.33
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

No comments:

Post a Comment