Pakistan Stock Exchange (PSX) Weekly Analysis 27 July, 2019

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

Top gainers of last week were:  INDU, POL, UBL, HBL, and FFC.

Top losers of last week were: FFBL, HASCOL, MLCF, PIOC, HUBC, ENGRO, NESTLE, MARI, PAKT and ASTL .

Top Volume Leaders of last week:  MLCF, BOP, UNITY, TRG, and PAEL.

The Pakistan Stock Exchange (PSX) market index remained lackluster throughout the outgoing week, for the consecutive third week. The benchmark KSE-100 Index closed at 32,103 levels by losing -356 points or -1.10 %, while KSE-30 index closed on 15,283 by losing -113 points or - 0.73%.

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


  • Even the successful visit of Prime Minister Imran Khan to the US, and positive statements from IMF officials over Govt’s economic policies failed to improve market sentiment
  • Average volumes for the week stood at 75.3mn shares vs. 105.7mn shares in the previous week
  • Foreigners continued taking-up positions mainly in bluechip stocks
  • Food and Power closed in red (down 7.1% and 3.8% respectively) whereas heavy-weights Banks and E&P, and Cements and Fertilizer closed in flat
  • OGDC makes oil and gas discovery in Sindh
  • ADB approves USD 50m additional contribution for CGIF
  • Power tariff stays high on increase in capacity payments
  • No new tax on bike and rickshaw according to FBR
  • Banks likely to pay higher tax on income from papers
  • SBP reserves fall 4.9% to $7.6b

Following are few BUY recommendations:

Attock Cement Ltd. (ACPL) – BUY 
Current Price: PKR 72.00
Target Price: PKR 142.6

Askari Bank (AKBL) – BUY 
Current Price: PKR 19.00
Target Price: PKR 28.4

Attock Petroleum (APL) – BUY 
Current Price: PKR 268.14
Target Price: PKR 479.57

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 19.08
Target Price: PKR 58.0

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 74.67
Target Price: PKR  97.64

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 40.81
Target Price: PKR  60.1

Bank of Punjab (BOP) – BUY 
Current Price: PKR 8.2
Target Price: PKR 18.3

Cherat Cement Co Limited (CHCC) – BUY 
Current Price: PKR 29.58
Target Price: PKR 71.00

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 44.43
Target Price: PKR 93.91

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 64.50
Target Price: PKR 91.0

Engro Foods (EFOODS) – BUY 
Current Price: PKR 48.85
Target Price: PKR 80.87

Engro Corporations (ENGRO) – BUY 
Current Price: PKR 253.63
Target Price: PKR 359.6

Engro Polymer & Chemical (EPCL) – BUY 
Current Price: PKR 25.76
Target Price: PKR 46.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 24.65
Target Price: PKR 35.75

Fauji Fertilizer Bin Qasim (FFBL) – BUY 
Current Price: PKR 16.04
Target Price: PKR 35.73

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 95.05
Target Price: PKR 115.77

Fauji Cement Company (FCCL) – BUY 
Current Price: PKR 13.32
Target Price: PKR 18.87

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 8.80
Target Price: PKR 25

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 48.36
Target Price: PKR 234.57

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 120.25
Target Price: PKR 143.25

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 130.3
Target Price: PKR 206.8

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 71.77
Target Price: PKR 101.05

Indus Motors (INDU) – BUY 
Current Price: PKR 1,142.72
Target Price: PKR 1,426.6

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 32.46
Target Price: PKR 61.4

Kohat Cement Company (KOHC) – BUY 
Current Price: PKR 48
Target Price: PKR 111

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 16.1
Target Price: PKR 25.3

Lucky Cement (LUCK) – BUY 
Current Price: PKR 380.63
Target Price: PKR 581.40

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR   912.2
Target Price: PKR 1,983.6

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   176.77
Target Price: PKR 224

Meezan Bank Limited (MEBL) – BUY 
Current Price: PKR 81.56
Target Price: PKR 115.80

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 17.97
Target Price: PKR 56.6

Millat Tractors Limited (MTL) – BUY 
Current Price: PKR 779.2
Target Price: PKR 1,017

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 34.08
Target Price: PKR 54.3

Nishat Chunian Limited (NCL) – BUY 
Current Price: PKR 26.55
Target Price: PKR 55.00

Nishat Chunian Power Limited (NCPL) – BUY 
Current Price: PKR 16.7
Target Price: PKR 27.8

Nishat Mills (NML) – BUY 
Current Price: PKR 73.29
Target Price: PKR 158.00

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 24
Target Price: PKR 32.5

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 128.14
Target Price: PKR 190

Pak Elecktron Ltd (PAEL) – BUY 
Current Price: PKR 15.12
Target Price: PKR 28.20

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 19.19
Target Price: PKR 46.0

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 392
Target Price: PKR 593.0

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 133.89
Target Price: PKR 208

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 183.64
Target Price: PKR 275.08

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 147.62
Target Price: PKR 298.00

Sui Northern Gas Pipeline (SNGP) – BUY 
Current Price: PKR 6 3.4
Target Price: PKR 96.2

United Bank Limited (UBL) – BUY 
Current Price: PKR 149.08
Target Price: PKR 165.50

Thank you very much for reading this article.

NOTE: The information posted in this blog /forum (http://www.karachistockexchange.com/) 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.com/) 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.com/)  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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