Pakistan Stock Exchange (PSX) Weekly Analysis 1 December, 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: EFOODS, PPL, MCB, OGDC, and HBL.

Top losers of last week were: CHCC, ASTL, PIOC, FCCL, and LUCK.

Top Volume Leaders of last week:  UBL, LOTCHEM, BOP, PAEL, and FCCL.

The Pakistan Stock Exchange (PSX) market index week ended with the dominance of bears. KSE-100 index closed on 40,496 by losing 373 points or 0.91%, while KSE-30 index closed on 19,324 by losing 119 points.

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


  • The State Bank of Pakistan raised its benchmark policy rate by 150bps to 10 percent 
  • Lack of clarity on external funding amidst foreign selling pressure (US$51.1mn vs. US$11.6mn in the last week) post MSCI rebalancing kept the domestic market under pressure
  • Market activity remained lackluster with average daily turnover declining to 151.9mn shares, down 3.1% WoW
  • Rupee losing another 2.5% against dollar, with PKR/US$ parity settling at PkR136.75 after touching intra-day high of 143
  • Pakistan’s total foreign exchange reserves surging 6.24%WoW to US$14.57bn during the week ended Nov 23’18, with reserves held by central bank increasing by US$776mn to US$8.06bn
  • The GoP deciding to raise up to PkR200bn to bail out the country’s ever-bleeding power sector by pledging major assets of the distribution and generation companies
  • Country’s fiscal deficit rising to 1.4% of GDP or PKR542bn in 1QFY19, compared to 1.2pc or PkR441bn in the same period last year
  • NEPRA withholding countrywide applicability of PkR1.27 per unit increase in uniform electricity tariff, citing legal grounds

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 103.73
Target Price: PKR 121

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 130.74
Target Price: PKR 139.7

Attock Petroleum (APL) – BUY 
Current Price: PKR 479.89
Target Price: PKR 530.3

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 25.31
Target Price: PKR 29.2

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 57.95
Target Price: PKR 92.0

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 50.07
Target Price: PKR 69.6

Cherat Cement Co. Ltd. (CHCC) – BUY 
Current Price: PKR 78.62
Target Price: PKR 96

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 97.19
Target Price: PKR 122

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 76.37
Target Price: PKR 90.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 34.50
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 39.63
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 98.56
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 18.01
Target Price: PKR 36

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 200.46
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 139.86
Target Price: PKR 170

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 206.98
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 94.77
Target Price: PKR 136.9

Indus Motors (INDU) – BUY 
Current Price: PKR 1,294.79
Target Price: PKR 1,426.6

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 94.84
Target Price: PKR 152.5

Lucky Cement (LUCK) – BUY 
Current Price: PKR 493.92
Target Price: PKR 605.8

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   206.10
Target Price: PKR 231.4

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 48.43
Target Price: PKR 56.6

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,391.31
Target Price: PKR 1,781.5

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 984.87
Target Price: PKR 1,255.1

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 48.75
Target Price: PKR 57.74

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 25.30
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 147.82
Target Price: PKR 167.5

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 28.55
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 147.54
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 28.49
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 49.24
Target Price: PKR 60

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 486.00
Target Price: PKR 657

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 169.31
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 232.16
Target Price: PKR 346

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 268.70
Target Price: PKR 399.08

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 258.27
Target Price: PKR 505.0

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 79.66
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 141.53
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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