Pakistan Stock Exchange (PSX) Weekly Analysis 20 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: FEM, HAEL, SARC, JATM, and JOPP.

Top losers of last week were: DKTM, APL, POL, ATRL, and SFAT.

Top Volume Leaders of last week: LOTCHEM, KEL, UNITY, DOL and SMBL.

The Pakistan Stock Exchange (PSX) market index turned green during the week with index gaining 400points, up by 0.98% WoW. Much of the gain came after the announcement of Mini Budget by the new govt. where index gained 718pts in a single day. KSE-100 index closed on 41,320 by gaining 400 points or 1.0 percent.

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


  • The Islamabad High Court suspended the prison sentences handed to former prime minister Nawaz Sharif, his daughter Maryam Nawaz and son‐in‐law Mohammad Safdar in the Avenfield corruption reference
  • Much of the index gain was contributed by automobile assemblers and automobile parts & accessories (148pts) as the select stocks (HCAR +5%; PSMC +5%) grabbed investors’ attention due to removal of ban on non‐tax filers from buying motor vehicles
  • Pharmaceutical sector helped the index (+83pts) to remain in green due to relief provided by the Mini Budget announced by Finance Minister on the import of medical equipment
  • Foreigners sold US$12.6mn worth of shares during the week vs. net selling of US$26.1mn last week
  • On local front, insurance companies and mutual funds were net buyers amounting to US$4.1mn and US$4.1mn, respectively
  • Kohinoor Textile Mills (KATM) announced its 4QFY18 result posting EPS of Rs3.60 up 112% YoY
  • Gul Ahmed Textiles Mills (GATM) disclosed its 4QFY18 result, announcing EPS of Rs2.37 up 64% YoY vs. EPS of Rs1.73 in the similar period last year
  • Mughal Iron & Steels Industries (MUGHAL) posted its 4QFY18 result with EPS of Rs1.36 up 30% YoY.
  • Unity Foods (UNITY) announced its FY18 result posting EPS of Rs0.72. The company posted sales of Rs2.78bn and a gross margin of ~9%. The company also announced a dividend of Rs0.5/share
  • Shield Corporation’s (SCL) BoDs approved an investment of Rs4mn out of total capital of Rs40mn in a Private Limited Company to harness demand for health & hygiene products in rural areas. Reckitt Benckiser Pakistan will be one of the shareholders


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 100
Target Price: PKR 134.9

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 152.17
Target Price: PKR 167.6

Attock Petroleum (APL) – BUY 
Current Price: PKR 470.64
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 71.36
Target Price: PKR 128

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 50
Target Price: PKR 69.6

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 107.07
Target Price: PKR 143.1

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 76.19
Target Price: PKR 90.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 37.92
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 37.90
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 97.17
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 19.90
Target Price: PKR 36

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 144.67
Target Price: PKR 248

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 291.03
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 91.69
Target Price: PKR 142.70

Indus Motors (INDU) – BUY 
Current Price: PKR 1,492.54
Target Price: PKR 2,069

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 58.72
Target Price: PKR 61.7

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 130.18
Target Price: PKR 152.5

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 14.51
Target Price: PKR 17.1

Lucky Cement (LUCK) – BUY 
Current Price: PKR 511.32
Target Price: PKR 827

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   199.80
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 49.24
Target Price: PKR 107

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,510.83
Target Price: PKR 1,959.7

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 50.92
Target Price: PKR 74

Nishat Chunian Ltd. (NCL) – BUY 
Current Price: PKR 51.53
Target Price: PKR 57.15

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 23.70
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 144.90
Target Price: PKR 174

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 26.06
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 152.77
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 33.76
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 42.11
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 211.50
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 303.38
Target Price: PKR 395

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 331.14
Target Price: PKR 399.08

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 328.32
Target Price: PKR 505

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 94.89
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 154.10
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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