Pakistan Stock Exchange (PSX) Weekly Analysis 30 September, 2018

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

Top gainers of last week were: PIOC, HBL, POL, PSMC, and NBP.

Top losers of last week were: ASTL, INDU, APL, DGKC, and MLCF.

Top Volume Leaders of last week:  UNITY, DCR, TRG, KEL, and LOTCHEM.

The Pakistan Stock Exchange (PSX) market index was 0.6%WoW lower because of lack of coherent policy direction to address the macro-economic woes continued to weigh on market performance. KSE-100 index closed on 40,999 by losing 321 points or 0.6 percent, while KSE-30 index closed on 19,918 by losing 212 points.

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


  • State Bank of Pakistan has increased interest rate by 1 percent from 7.5 to 8.5 percent in Monetary Policy
  • Foreigners continued to offload their stakes in domestic equities, with net outflow of US$9.43mn during the week
  • NEPRA’s proposal to increase the electricity tariffs (which ECC later deferred until next week) dampened the market sentiment
  • Average daily trading volume slumped 19.9%WoW to 124mn shares during the week
  • FX reserves of the SBP continued to plunge to reach at US$9.04bn (down 3.1%WoW) - a level last seen before US$2bn was loaned out by China
  • Pakistan and Russia signed a ‘memorandum of understanding’ on implementing US$10bn offshore gas pipeline project
  • The government of Saudi Arabia signed grant agreement with Pakistan to finance three infrastructure and energy projects under the umbrella of CPEC
  • International ratings agency Fitch estimated a slowdown in Pakistan’s GDP growth to 4.7%YoY in FY19 owing to external imbalance and monetary tightening
  • SBP highlighted that the factors such as external sector pressures, fiscal vulnerabilities, buildup of price pressure and volatile commodity market pose potential risk to financial stability
  • Key results during the next week include LOADS, BYCO, NCL and SEARL

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 101.92
Target Price: PKR 134.9

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 147.96
Target Price: PKR 167.6

Attock Petroleum (APL) – BUY 
Current Price: PKR 443.85
Target Price: PKR 724.84

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 24.53
Target Price: PKR 29.2

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 64.95
Target Price: PKR 128

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 49.64
Target Price: PKR 69.6

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 102.41
Target Price: PKR 143.1

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 75.49
Target Price: PKR 90.3

Engro Corporation (ENGRO) – BUY 
Current Price: PKR 311.63
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 37.41
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 37.21
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 97.64
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 19.12
Target Price: PKR 36

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 272.39
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 151.37
Target Price: PKR 248

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 254.71
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 87.47
Target Price: PKR 142.70

Indus Motors (INDU) – BUY 
Current Price: PKR 1,398.65
Target Price: PKR 2,069

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 56.58
Target Price: PKR 61.7

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 125.14
Target Price: PKR 152.5

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 13.49
Target Price: PKR 17.1

Lucky Cement (LUCK) – BUY 
Current Price: PKR 512.94
Target Price: PKR 827

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   201.21
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 47.10
Target Price: PKR 107

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,558.33
Target Price: PKR 1,959.7

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 51.94
Target Price: PKR 57.74

Nishat Chunian Ltd. (NCL) – BUY 
Current Price: PKR 51.16
Target Price: PKR 57.15

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 24.66
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 140.59
Target Price: PKR 174

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 26.20
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 152.99
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 43.46
Target Price: PKR 70

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 549.18
Target Price: PKR 676.29

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 213.40
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 309.82
Target Price: PKR 395

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 318.84
Target Price: PKR 399.08

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 315.93
Target Price: PKR 505

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 89.12
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 154
Target Price: PKR 210

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:

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