Pakistan Stock Exchange (PSX) Weekly Analysis 18 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: PIOC, CHCC, PSMC, MCB, and HBL.

Top losers of last week were: ASTL, KEL, PTC, HASCOL, and PPL.

Top Volume Leaders of last week:  LOTCHEM, STPL, TRG, PAEL, and PIBTL.

The Pakistan Stock Exchange (PSX) market index remained range bound throughout the week touching a low of 40,994pts before closing at 41,661. KSE-100 index closed on 41,661 by gaining 272 points, while KSE-30 index closed on 19,959 by gaining 79 points.

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


  • There was a weak start of the week as uncertainties around the Chinese package and materialization of Saudi package amid IMF negotiations kept investors on the err side of caution
  • MSCI on Nov 14’18 announced its semi-annual review where it declassified LUCK and UBL from the Standard Index to Small Cap Index and downgraded HCAR and MLCF from the EM index
  • Consequent to exclusion of LUCK and UBL, Pakistan’s weight has been reduced to 0.4% in the MSCI EM index from 0.7% in May’18
  • Market activity remained strong with ADT standing at 213.3mn shares vs. 196.5mn shares in the previous week as local participants bounced on cheap valuations
  • ADTV for the week stood at US$88.9mn vs.US$77.9mn in the previous week
  • A closer look suggests activity to have been tilted towards the main board with ADTV of KSE-100 Index/KSE- All share Index at 81.4% (30W high) vs. 73.2% recorded in the previous week
  • News flows relating to IMF negotiations (to be completed by Nov 20’18), likely disbursement of US$1bn from Saudi authorities (Out of US$3bn) and PM’s visit to UAE for a potential package would drive market performance next week

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 105.54
Target Price: PKR 121

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 137.04
Target Price: PKR 139.7

Attock Petroleum (APL) – BUY 
Current Price: PKR 509.10
Target Price: PKR 530.3

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 25.65
Target Price: PKR 29.2

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 64.80
Target Price: PKR 92.0

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 50.67
Target Price: PKR 69.6

Cherat Cement Co. Ltd. (CHCC) – BUY 
Current Price: PKR 83.60
Target Price: PKR 96

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 110.61
Target Price: PKR 122

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 78.34
Target Price: PKR 90.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 34.80
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 41.90
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 100.06
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 19.16
Target Price: PKR 36

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 221.87
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 144.89
Target Price: PKR 170

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 241.59
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 95.39
Target Price: PKR 136.9

Indus Motors (INDU) – BUY 
Current Price: PKR 1,386.40
Target Price: PKR 1,426.6

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 102.18
Target Price: PKR 152.5

Lucky Cement (LUCK) – BUY 
Current Price: PKR 506.67
Target Price: PKR 605.8

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   203.63
Target Price: PKR 231.4

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 52.41
Target Price: PKR 56.6

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,402.79
Target Price: PKR 1,781.5

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 990.49
Target Price: PKR 1,255.1

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 49.96
Target Price: PKR 57.74

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 25.74
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 152.03
Target Price: PKR 167.5

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 28.70
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 150.75
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 32.86
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 53.82
Target Price: PKR 60

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 523.35
Target Price: PKR 657

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 170.62
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 250.87
Target Price: PKR 346

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 278.13
Target Price: PKR 399.08

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 281.13
Target Price: PKR 505.0

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 90.82
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 142.55
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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