Pakistan Stock Exchange (PSX) Weekly Analysis 30 December, 2018

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

Top gainers of last week were: FATIMA, FFC, APL, ABL, FABL, ABOT, MEBL, SHEL and KAPCO.

Top losers of last week were: BAFL, UBL, ENGRO, LUCK, OGDC, PPL, FCCL, DGKC, and EFOODS .

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

The Pakistan Stock Exchange (PSX) market index declined because of the emerging political instability and economic slowdown. KSE-100 index closed on 37,167 by losing 1084 points, while KSE-30 index closed on 17,274 by losing 785 points.

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


  • The political front kept noise higher during the week as the joint investigation team (JIT) submitted its report to the Supreme Court on fake account case
  • The accountability court announced its verdict against Nawaz Shareef’s Al Aziziah reference case thereby imposing seven years imprisonment
  • In fake accounts case Asif Ali Zardari was placed on the ECL
  • Average daily traded volume improved by 5% WoW to 110mn
  • Foreign selling stood at USD1.1mn for the week while domestic mutual funds also offloaded shares worth USD6.2mn
  • The Banks, Power, Cement and Chemical sectors were the volume leaders
  • All sectors witnessed a selling pressure. The Banks, Cements, Refinery, E&P and Fertilizers were the negative contributors and declined the Index by 672 points
  • Net-selling from Insurance (US$2.19mn) that has been providing key support to the market in recent times, followed by Mutual Funds (US$6.2mn) while their selling was mainly absorbed by Banks (US$4.57mn)
  • Across the board selling was witnessed in the market with Cement (down 4.5%), Oil & Gas (down 3.8% where volatility in international oil prices also played a part), and followed by Banks (down 3.1%) 
  • Chinese bank to loan USD 262 mn for Thar coal power project
  • NESPAK has secured a short-term assignment of the Diamer Basha Dam project through competitive bidding
  • SNGPL to get Rs 26 bn to supply gas to export oriented industry
  • IMF puts Pakistan in a tight spot. The IMF has asked Pakistan to ensure primary surplus on budget deficit to move ahead with the program
  • Government releases Rs184.6b for development projects
  • K-Electric acquisition: Shanghai Electric receives nine-month extension
  • FIA raided the head office of Securities and Exchange Commission of Pakistan (SECP) and taken the record pertaining to a bank 

Following are few BUY recommendations:

Allied Bank Limited (ABL) – BUY 
Current Price: PKR 106.95
Target Price: PKR 121

Attock Cement Ltd. (ACPL) – BUY 
Current Price: PKR 115.26
Target Price: PKR 140.6

Askari Bank (AKBL) – BUY 
Current Price: PKR 23.89
Target Price: PKR 28.4

Attock Petroleum (APL) – BUY 
Current Price: PKR 430.13
Target Price: PKR 530.3

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 47.59
Target Price: PKR 92.0

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 42.33
Target Price: PKR 69.6

Bank of Punjab (BOP) – BUY 
Current Price: PKR 12.40
Target Price: PKR 18.3

Cherat Cement Co. Ltd. (CHCC) – BUY 
Current Price: PKR 68.17
Target Price: PKR 96

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 81.77
Target Price: PKR 122

Engro Corporation (ENGRO) – BUY 
Current Price: PKR 298.01
Target Price: PKR 348.84

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 69.77
Target Price: PKR 90.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 36.55
Target Price: PKR 45.1

Fauji Fertilizer Bin Qasim Ltd. (FFBL) – BUY 
Current Price: PKR 37.57
Target Price: PKR 48.10

Fauji Fertilizer Co. (FFC) – BUY 
Current Price: PKR 91.97
Target Price: PKR 111.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 15.70
Target Price: PKR 36

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 150.95
Target Price: PKR 317.69

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 120.25
Target Price: PKR 170

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 171.57
Target Price: PKR 206

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 85.87
Target Price: PKR 136.9

Indus Motors (INDU) – BUY 
Current Price: PKR 1,181.25
Target Price: PKR 1,426.6

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 49.52
Target Price: PKR 64

Kohat Cement Company (KOHC) – BUY 
Current Price: PKR 84.31
Target Price: PKR 111

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 17.01
Target Price: PKR 25.3

Lucky Cement (LUCK) – BUY 
Current Price: PKR 455.56
Target Price: PKR 605.8

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR   1246.86
Target Price: PKR  1,983.6

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   189.38
Target Price: PKR 231.4

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 41.52
Target Price: PKR 56.6

Millat Tractors Limited (MTL) – BUY 
Current Price: PKR 872.59
Target Price: PKR  1,017

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 42.57
Target Price: PKR 57.74

Nishat Mills (NML) – BUY 
Current Price: PKR 130.47
Target Price: PKR 167.5

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 127.72
Target Price: PKR 193

Pak Elecktron Limited (PAEL) – BUY 
Current Price: PKR 24.73
Target Price: PKR 51.70

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 43.04
Target Price: PKR 60

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 415.24
Target Price: PKR 657

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 147.75
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 174.99
Target Price: PKR 346

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 228.15
Target Price: PKR 399.08

Sui Northern Gas Pipeline (SNGP) – BUY 
Current Price: PKR 76.98
Target Price: PKR 96.2

United Bank Limited (UBL) – BUY 
Current Price: PKR 128.26
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

No comments:

Post a Comment