Pakistan Stock Exchange (PSX) Weekly Analysis 27 October, 2018

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

Top gainers of last week were: KAPCO, GWLC, EFOODS, NML, and KEL.

Top losers of last week were: PSMC, NBP, FATIMA, POL, and UBL.

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

The Pakistan Stock Exchange (PSX) market index retracing lost ground following elevated sentiments from the "Davos in the Desert" US$6bn Saudi funding facility and expectations of additional bilateral assistance, weakened by sub-sequent earnings misses from index heavy Banks, the KSE-100 index closed at 40,556pts up 5.5%WoW. KSE-100 index closed on 40,556 by gaining 2126 points or 5.5 percent, while KSE-30 index closed on 19,586 by gaining 1137 points.

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


  • PM Imran Khan described the US$6bn bailout package as big relief for Pakistan and vowed to mediate between Saudi Arabia and Yemen to end their ongoing conflict
  • Positive outcome of PM Khan's second visit to Saudi Arabia has perpetuated the notion of further assistance from Malaysia (28th Oct) and China (2nd Nov) where the lack of material financial assistance could depress sentiment
  • FM Asad Umar constituted a seven-member core group to formulate a Memorandum of Economic and Financial Policies for discussion with the IMF aimed at getting financial assistance with the IMF delegation scheduled to visit Islamabad from Nov 7th-20th for discussion on MEFP with Pakistani authorities  
  • After deliberating in at least eight meetings, the government approved PkR1.20/KwH average increase in base tariff at a meeting of the ECC of the cabinet with a cumulative impact of about PkR124bn 
  • PM Imran Khan will pay his first official visit to China from Nov 2-5th at the invitation of the Chinese leadership inking a number of agreements, the Foreign Office announced
  • Global Oil prices dropped more than 1% on Friday, heading for a third weekly loss after Saudi Arabia warned of oversupply
  • Daily traded volumes jumped 51.1% WoW to average 301.0mn


Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 101.96
Target Price: PKR 121

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 111.32
Target Price: PKR 139.7

Attock Petroleum (APL) – BUY 
Current Price: PKR 475.49
Target Price: PKR 530.3

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 24.05
Target Price: PKR 29.2

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 62
Target Price: PKR 92.0

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 50.08
Target Price: PKR 69.6

Cherat Cement Co. Ltd. (CHCC) – BUY 
Current Price: PKR 66.05
Target Price: PKR 96

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 94.87
Target Price: PKR 122

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 81.77
Target Price: PKR 90.3

Engro Corporation (ENGRO) – BUY 
Current Price: PKR 330.09
Target Price: PKR 348.84

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 36.57
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 37.82
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 99.52
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 18.27
Target Price: PKR 36

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 288.70
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 131.78
Target Price: PKR 170

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 214.86
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 87.24
Target Price: PKR 136.9

Indus Motors (INDU) – BUY 
Current Price: PKR 1,325.48
Target Price: PKR 1,426.6

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 53.98
Target Price: PKR 61.7

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 97.52
Target Price: PKR 152.5

Lucky Cement (LUCK) – BUY 
Current Price: PKR 471.51
Target Price: PKR 605.8

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   191.41
Target Price: PKR 231.4

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 43.15
Target Price: PKR 56.6

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,431.02
Target Price: PKR 1,781.5

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1027.21
Target Price: PKR 1,255.1

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 48.79
Target Price: PKR 57.74

Nishat Chunian Ltd. (NCL) – BUY 
Current Price: PKR 54.88
Target Price: PKR 57.15

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 24.72
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 144.10
Target Price: PKR 167.5

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 26.50
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 157.74
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 31.20
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 47.67
Target Price: PKR 60

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 554.82
Target Price: PKR 657

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 189.19
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 229.18
Target Price: PKR 346

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 264.99
Target Price: PKR 277.5

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 257.72
Target Price: PKR 505.0

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 88.90
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 144.04
Target Price: PKR 173.9

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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