Pakistan Stock Exchange (PSX) Weekly Analysis 3 November, 2018

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

Top gainers of last week were: MLCF, DGKC, CHCC, NCL, and PIOC.

Top losers of last week were: POL, PPL, FFC, FATIMA, and EFOODS.

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

The Pakistan Stock Exchange (PSX) market index closes the week with five bullish sessions as PM eyes financial support from China. KSE-100 index closed on 42,004 by gaining 1448 points, while KSE-30 index closed on 20,270 by gaining 684 points.

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


  • Increase of PKR 5 per litre in petrol and PKR 6.37 per litre in diesel prices
  • Advisor to PM on commerce asking cement manufacturers to be ready for an unexpected surge in demand due to PM’s housing scheme
  • Investors anticipated support packages from China and UAE as well, while giving little regard to the ongoing country-wide protests by the religious groups
  • Increase in automobile prices by major local assemblers
  • 7% inflation in October against inflation of PKR 5.12% in September
  • Healthy volumes were witnessed at the bourse where average traded shares leapt up by 7.07%WoW to 322.32mn
  • Among market participants' foreigners remained net seller during the week amounting to USD 12.62mn, primarily contributed by corporates amounting to USD 10.79mn.
  • Privatization commission coming up with an updated list of entities including State Life Insurance, SME Bank, First Women Bank, OGDC, PPL and Mari Petroleum while dropping loss making entities including PIA, PSM and the discos amongst others 
  • GoP reviving the ADB sponsored smart metering project worth US$900mn initially for 2 DISCOS
  • Pakistan jumping 11 places on the World Bank’s Doing Business Global ranking to reach 136th among 190 countries
  • Arrival of IMF team on Nov 7’18 for talks on a bailout package
  • Pakistan’s total foreign exchange reserves falling to US$14.18bn including SBP’s reserves at US$7.78bn

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 105.05
Target Price: PKR 121

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 133.70
Target Price: PKR 139.7

Attock Petroleum (APL) – BUY 
Current Price: PKR 474.31
Target Price: PKR 530.3

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 24.97
Target Price: PKR 29.2

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 69.18
Target Price: PKR 92.0

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 52.47
Target Price: PKR 69.6

Cherat Cement Co. Ltd. (CHCC) – BUY 
Current Price: PKR 79.92
Target Price: PKR 96

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 111.07
Target Price: PKR 122

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 81.38
Target Price: PKR 90.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 36.21
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 38.77
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 98.09
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 19.32
Target Price: PKR 36

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 286.25
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 147.14
Target Price: PKR 170

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 259.64
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 95.36
Target Price: PKR 136.9

Indus Motors (INDU) – BUY 
Current Price: PKR 1,371.22
Target Price: PKR 1,426.6

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 109.81
Target Price: PKR 152.5

Lucky Cement (LUCK) – BUY 
Current Price: PKR 498.08
Target Price: PKR 605.8

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   198.19
Target Price: PKR 231.4

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 54.61
Target Price: PKR 56.6

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,421.32
Target Price: PKR 1,781.5

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,005.81
Target Price: PKR 1,255.1

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 48.83
Target Price: PKR 57.74

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 25.90
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 150.95
Target Price: PKR 167.5

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 27.51
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 156.47
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 32.15
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 55.22
Target Price: PKR 60

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 533.50
Target Price: PKR 657

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 181.37
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 234.93
Target Price: PKR 346

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 283.69
Target Price: PKR 399.08

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 324.06
Target Price: PKR 505.0

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 93
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 151.20
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

1 comment:

  1. اپنےاسٹاک ایکسچینگ کے PHYSICAL SHARES
    اب باآسانی فروخت
    کریں۔
    0311-3549231 Khurshid Ahmed

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