Pakistan Stock Exchange (PSX) Weekly Analysis 10 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: FFBL, APL, PTC, INDU and ABL.

Top losers of last week were: HASCOL, EFOODS, MLCF, UBL, and HBL.

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

The Pakistan Stock Exchange (PSX) market index came into red zone this week to close at 41,389pts. KSE-100 index closed on 41,389 by losing 615 points, while KSE-30 index closed on 19,880 by losing 390 points.

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


  • Much of the weakness during the week has been driven by lack of clarity on financial package from China, and correction in int’l oil prices (Brent: down 4.2%WoW) that weighed on index heavy Oil & Gas sector
  • Average daily traded volume also declined by 39.03%WoW to 196.51mn shares
  • Asian Infrastructure Investment Bank (AIIB) expressing willingness to invest US$400mn in the upcoming 10-year Pakistan Infrastructure Bond for mega projects
  • FM Asad Umar saying Pakistan has come out of a balance of payment crisis after Saudi Arabia and China equally filled a gap of US$12bn in its payments
  • China expects to park about US$2bn in Pakistan’s foreign exchange reserves and extended a offer to triple it imports from Pakistan
  • GoP commencing talks with the IMF over the country’s possibly 13th bailout program to buoy its foreign exchange reserves
  • APCMA reporting, overall dispatches of the cement sector goes up by 5.37%YoY to 15.35mn tons during 4MFY19
  • News flows relating to IMF negotiations (to be concluded by Nov 20’18) and clarity over Chinese package would influence investor sentiments next week
  • Semi-annual MSCI review is due on Nov 13’18 and any revision in Pakistan stock(s) composition could have consequent effect on that stock(s) performance


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 127.72
Target Price: PKR 139.7

Attock Petroleum (APL) – BUY 
Current Price: PKR 495.08
Target Price: PKR 530.3

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 25.0
Target Price: PKR 29.2

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 67.81
Target Price: PKR 92.0

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 52.5
Target Price: PKR 69.6

Cherat Cement Co. Ltd. (CHCC) – BUY 
Current Price: PKR 75.74
Target Price: PKR 96

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 108.51
Target Price: PKR 122

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 82.79
Target Price: PKR 90.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 35.59
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 41.23
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 98.1
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 18.97
Target Price: PKR 36

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 227.50
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 260.83
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 1,385.31
Target Price: PKR 1,426.6

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 100.74
Target Price: PKR 152.5

Lucky Cement (LUCK) – BUY 
Current Price: PKR 488.03
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 51.21
Target Price: PKR 65

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1 ,421.3
Target Price: PKR 1,781.5

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 1,007.65
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 25.50
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 28.73
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 152.52
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 31.46
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 50.45
Target Price: PKR 60

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 526.40
Target Price: PKR 657

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 174.57
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 234.49
Target Price: PKR 346

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 274.85
Target Price: PKR 399.08

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 313.25
Target Price: PKR 505.0

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 90.40
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

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