Pakistan Stock Exchange (PSX) Weekly Analysis 16 September, 2018

BUY recommendations are:  ABL, ACPL, AKBL, APL, ASTL, BAFL, DGKC, EFERT, FATIMA, FFBL, FFC, GWLC, HBL, HCAR, HUBCO, INDU, KAPCO, KOHC, LOTCHEM, LUCK, MCB, MLCF, MARI, NBP, NCL, NCPL, NML, NPL, OGDC, PAEL, PIOC, PPL, PSMC, PSO, SEARL, SNGPL and UBL.

Top gainers of last week were: FATIMA, CHCC, NML, NCL and PIOC.

Top losers of last week were: BAFL, MLCF, ABL, HBL, and PSMC.

Top Volume Leaders of last week: UNITY, MLCF, DOL, FFL, and TRG.

The Pakistan Stock Exchange (PSX) market index bears took note of concerns on the economy, resolving the crucial issue of twin deficits and uncertainty over gas price hike KSE-100 index closed on 40,920 by gaining 65 points. While KSE-30 index closed on 20,024 by losing 74 points.

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


  • The GoP's Cotton Crop Assessment Committee estimates crop output will be 10.8m bales in 2018 vs. the 14.4m bales target set in April due to decreased sowing area amid shortage of water
  • The PTI-led coalition government looks set to reverse the tax concessions of the previous government
  • Pakistan's economic managers on Thursday briefed the IMF team from Washington, DC, on video conference about the proposed mini-budget and partial withdrawal of tax incentives, imposition of regulatory duties on luxury items and slashing down development outlay
  • The PTI government on Thursday announced that it would speed up implementation of the $62 billion China-Pakistan Economic Corridor, open it to other countries and hire international consultants for financial modelling of future projects
  • Oil and Gas sector was up 1.8% WoW tracing upward movement in international oil prices followed by Chemicals (+1.4%WoW) on improvement in margins
  • Banks under influence from foreign selling of USD12.1mn lost 2.0% of value while cements closed in flat. Average Volume remained flat WoW at 138.9mn shares whereas average traded value stood at USD46.6mn as against USD39.2mn in the previous week

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 100.20
Target Price: PKR 134.9

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 148.15
Target Price: PKR 167.6

Attock Petroleum (APL) – BUY 
Current Price: PKR 603.92
Target Price: PKR 724.84

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 23.86
Target Price: PKR 29.2

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 69.67
Target Price: PKR 128

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 49.08
Target Price: PKR 69.6

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 104.63
Target Price: PKR 143.1

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 77.05
Target Price: PKR 90.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 37.15
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 40.26
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 96.96
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 19.68
Target Price: PKR 36

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 144.69
Target Price: PKR 248

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 277.88
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 90.86
Target Price: PKR 142.70

Indus Motors (INDU) – BUY 
Current Price: PKR 1,478.08
Target Price: PKR 2,069

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 58.08
Target Price: PKR 61.7

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 122.61
Target Price: PKR 152.5

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 14.44
Target Price: PKR 17.1

Lucky Cement (LUCK) – BUY 
Current Price: PKR 504.64
Target Price: PKR 827

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   199.91
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 49.18
Target Price: PKR 107

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,521.14
Target Price: PKR 1,959.7

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 51.14
Target Price: PKR 74

Nishat Chunian Ltd. (NCL) – BUY 
Current Price: PKR 50.03
Target Price: PKR 57.15

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 23.88
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 141.59
Target Price: PKR 174

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 26.38
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 154.08
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 33.99
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 43.14
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 208.88
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 268.98
Target Price: PKR 395

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 329.85
Target Price: PKR 399.08

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 315.04
Target Price: PKR 505.0

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 93.09
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 154.61
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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