Pakistan Stock Exchange (PSX) Weekly Analysis 17 December, 2018

BUY recommendations are:  ABL, ACPL, APL, AKBL, ASTL, BAFL, CHCC, DGKC, ENGRO, 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, ABL, PPL, LUCK, and ENGRO.

Top losers of last week were: MLCF, HASCOL, PSMC, ASTL, and FFBL.

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

The Pakistan Stock Exchange (PSX) market index gyrated during the week. KSE-100 index closed on 38,586 by gaining 24 points or 0.06%, while KSE-30 index closed on 18,406 by gaining 24 points.

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


  • PM and Finance Minister giving assurances on Tax/Regulatory concessions for the equity market and positive outcome of the OPEC meeting (OPEC members and Russia agreed to a cut of 1.2mn bpd effective Jan’19)
  • Uncertainty surrounding IMF program
  • Delay in issuance of US$3bn bonds
  • US placing Pakistan on the blacklist (before removing it shortly)
  • SSGC closed gas transmission to captive power plants as the company faced gas shortage while resuming it after three days
  • SC decision to allow high rise construction in Karachi,
  • Positive developments surrounding KE sale, failed to invigorate any interest
  • Friday blessed market again with a positive close as Pakistan received another tranche of Saudi Aid of US$1bn
  • ENGRO sold 24% of outstanding shares of Elengy Terminal Pakistan Limited (EPTL) to VOPAK for US$31.4mn

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 102
Target Price: PKR 121

Attock Cement Limited (ACPL) – BUY 
Current Price: PKR 116.81
Target Price: PKR 139.7

Attock Petroleum (APL) – BUY 
Current Price: PKR 408.41
Target Price: PKR 530.3

Askari Bank Limited (AKBL) – BUY 
Current Price: PKR 23.59
Target Price: PKR 29.2

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 49.93
Target Price: PKR 92.0

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 48
Target Price: PKR 69.6

Cherat Cement Co. Ltd. (CHCC) – BUY 
Current Price: PKR 70
Target Price: PKR 96

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 89
Target Price: PKR 122

Engro Corporation (ENGRO) – BUY 
Current Price: PKR 307
Target Price: PKR 348.84

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 73
Target Price: PKR 90.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 35
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 36
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 94
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 17
Target Price: PKR 36

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 164
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 132
Target Price: PKR 170

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 182.70
Target Price: PKR 325.3

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 90
Target Price: PKR 136.9

Indus Motors (INDU) – BUY 
Current Price: PKR 1,195
Target Price: PKR 1,426.6

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 87.40
Target Price: PKR 152.5

Lucky Cement (LUCK) – BUY 
Current Price: PKR 484
Target Price: PKR 605.8

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   194.
Target Price: PKR 231.4

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 41
Target Price: PKR 56.6

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,354.71
Target Price: PKR 1,781.5

Millat Tractors Ltd. (MTL) – BUY 
Current Price: PKR 878.97
Target Price: PKR 1,255.1

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 47
Target Price: PKR 57.74

Nishat Chunian Power Ltd. (NCPL) – BUY 
Current Price: PKR 23.27
Target Price: PKR 32.7

Nishat Mills (NML) – BUY 
Current Price: PKR 132.03
Target Price: PKR 167.5

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 25.21
Target Price: PKR 39.8

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 139
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 25.40
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 42
Target Price: PKR 60

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 465
Target Price: PKR 657

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 169
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 196
Target Price: PKR 346

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 237
Target Price: PKR 399.08

The Searle Co. Ltd. (SEARL) – BUY 
Current Price: PKR 242.34
Target Price: PKR 505.0

Sui Northern Gas Pipeline Ltd. (SNGPL) – BUY 
Current Price: PKR 75.16
Target Price: PKR 131.6

United Bank Limited (UBL) – BUY 
Current Price: PKR 140
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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