Pakistan Stock Exchange (PSX) Weekly Analysis 19 August, 2018

BUY recommendations are:  ABL, APL, ASTL, DGKC, FATIMA, FCCL, FFBL, GWLC, HBL, HUBC, INDU, KAPCO, LUCK, MCB, MLCF, NBP, NCL, NML, OGDC, PAEL, PIOC, PPL, PSMC, PSO, UBL.

Top gainers of last week were: APL, PSO, ABL, FFC, and EFOODS.

Top losers of last week were: PSMC, HBL, DGKC, GWLC, and PIOC.

Top Volume Leaders of last week: BOP, PAEL, UNITY, LOTCHEM, and WTL.

The Pakistan Stock Exchange (PSX) market index was volatile for most part of the week (KSE-100 index lost 881pts during first three sessions), market made decent recovery on the last trading day of the outgoing week (+486pts) to close at 42,447pts (down 0.92%WoW). KSE-100 index closed on 42,447 by losing 395 points or 0.92 percent. While KSE-30 index closed on 20,927 by losing 249 points.

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


  • Fitch Ratings raising concerns about Pakistan’s economic challenges and IMF program coupled with news regarding legal actions against cement companies and Mansha group, weighed on overall investor’s sentiment
  • Higher than expected payouts from Attock group of companies (APL, ATRL, POL & ACPL announced 20% bonus issue)
  • Average daily traded volumes at bourse also declined by 22.58%WoW to 161.22mn shares with 1) BOP (52.5mn shares), 2) PAEL (34.7mn shares), 3) UNITY (29.8mn shares), 4) LOTCHEM (28.1mn shares) and 5) WTL (27.3mn shares) leading the board
  • IMF ruled out the possibility that it would deny Pakistan a bailout package under US influence
  • Overseas Pakistani workers remitted US$1.93bn in Jul’19 compared to US$1.54bn received in Jul’17
  • PAMA released sales data for Jul’18, where car and light commercial vehicle (LCV) sales depicted 9%YoY growth to 21,344 units
  • PBS data showed that Pakistan’s trade deficit widened by US$3.19bn during Jul’18, where exports went up by 1.8%YoY while imports declined by 15% YoY
  • SBP revealed that Pakistan’s foreign debt and liabilities soared by 14%YoY to US$95.1bn in FY18
  • Foreigners remained net sellers during the week, with net outflows of US$6.55mn compared to US$38.63mn outflows in the preceding week
  • Smooth transition of National and Provincial assemblies with Imran Khan comfortably becoming 22nd Prime Minister of Pakistan will be key highlight of the upcoming week, strengthening investor’s sentiment 
  • Moreover, market will continue to take direction from the ongoing results season where major companies scheduled to announce financial results next week include FCCL, PKGS, DAWH, FABL and INDU

Following are few BUY recommendations:

Allied Bank Ltd (ABL) – BUY 
Current Price: PKR 106.73
Target Price: PKR 125.5

Attock Petroleum (APL) – BUY 
Current Price: PKR 606.17
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 77.46
Target Price: PKR 128

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 117.75
Target Price: PKR 194

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 34.32
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 25.62
Target Price: PKR 39

Fauji Fert. Bin Qasim Limited (FFBL) – BUY 
Current Price: PKR 40.17
Target Price: PKR 48.10

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 21.49
Target Price: PKR 36

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 151.74
Target Price: PKR 248

HUBCO (HUBC) – BUY 
Current Price: PKR 96.39
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,515.97
Target Price: PKR 2,069

Kot Addu Power (KAPCO) – BUY
Current Price: PKR 58.08
Target Price: PKR 65

Lucky Cement (LUCK) – BUY 
Current Price: PKR 570.57
Target Price: PKR 827

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   201.77
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 58.28
Target Price: PKR 107

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 51.53
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 51.32
Target Price: PKR 69

Nishat Mills (NML) – BUY 
Current Price: PKR 136.66
Target Price: PKR 174

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 152.98
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 35.88
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 51.03
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 212.22
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 304.11
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 345.59
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 163.77
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

1 comment:

  1. Nice article that you have shared about the latest updates of Pakistan Stock Exchange. Here, you have very well described the weekly analysis of PSK. If you are interested to know more about kse 100 index Karachi, Visit PKShares.com

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