Pakistan Stock Exchange (PSX) Weekly Analysis 14 October, 2018

BUY recommendations are:  ABL, ACPL, APL, AKBL, ASTL, BAFL, CHCC, DGKC, EFOODS, 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, UBL.

Top gainers of last week were: KEL, ASTL, OGDC, PTC and FATIMA.

Top losers of last week were: PSMC, CHCC, PPL, MLCF, and INDU.

Top Volume Leaders of last week:  TRG, BOP, KEL, LOTCHEM, and EPCL.

The Pakistan Stock Exchange (PSX) market index lost another 1,708 points because of fragile economic outlook and the ongoing foreign sell-off. KSE-100 index closed on 37,518 by losing 1,708 points or 4.36 percent, while KSE-30 index closed on 18,257 by losing 821 points.

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

• Government of Pakistan formally announcing its intention to approach the IMF for a bailout package, with the latter demanding transparency over Pakistan’s external debts including those owed to China
• ADB announcing US$7.1bn financial package for Pakistan spread over a three year period
• SBP in its latest data revealing that country’s trade deficit has narrowed by 1.8%YoY to US$8.9bn in 1QFY19
• Delegation of the Asia Pacific Group (APG) asking Pakistan to do more in order to get out of the grey list of FATF
• PM Imran Khan launching ‘Naya Pakistan Housing Programme’ pilot project, aimed at building 5mn low-cost housing units across the country
• Market will continue to take direction from the ongoing results season where major companies scheduled to announce their financial results next week include CHCC, EFOODS, EFERT, ENGRO, UBL, BAHL and MARI

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 95.73
Target Price: PKR 134.9

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 100.57
Target Price: PKR 167.6

Attock Petroleum (APL) – BUY 
Current Price: PKR 425.52
Target Price: PKR 724.84

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 21.62
Target Price: PKR 29.2

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 57.91
Target Price: PKR 128

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 47.51
Target Price: PKR 69.6

Cherat Cement Co. Ltd. (CHCC) – BUY 
Current Price: PKR 59.01
Target Price: PKR 69.6

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 81.45
Target Price: PKR 122

Engro Foods Limited (EFOODS) – BUY 
Current Price: PKR 72.40
Target Price: PKR 84.20

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 72.21
Target Price: PKR 90.3

Engro Corporation (ENGRO) – BUY 
Current Price: PKR 297
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 36.01
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 32.56
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 91.23
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 17.01
Target Price: PKR 36

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 256.11
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 131.35
Target Price: PKR 248

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 181.18
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 82.56
Target Price: PKR 142.70

Indus Motors (INDU) – BUY 
Current Price: PKR 1,048.36
Target Price: PKR 1,864

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 55.19
Target Price: PKR 61.7

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 112.87
Target Price: PKR 152.5

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 12.50
Target Price: PKR 17.1

Lucky Cement (LUCK) – BUY 
Current Price: PKR 425.90
Target Price: PKR 636

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   187.02
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 36.53
Target Price: PKR 65

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,441.89
Target Price: PKR 1,959.7

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 46.12
Target Price: PKR 57.74

Nishat Chunian Ltd. (NCL) – BUY 
Current Price: PKR 49.07
Target Price: PKR 57.15

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 22.47
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 127.45
Target Price: PKR 169

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 24.16
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 148.63
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 38.65
Target Price: PKR 60

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 523.29
Target Price: PKR 676.29

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 177.50
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 282.36
Target Price: PKR 346

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 224.86
Target Price: PKR 399.08

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 255.47
Target Price: PKR 505

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 73.46
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 136.93
Target Price: PKR 210

Thank you very much for reading this article.

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Written by: Rana Khuram