Pakistan Stock Exchange (PSX) Weekly Analysis 5 August, 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:  APL, FATIMA, POL, HBM, FFBL, ENGRO, PACKAGES, HUBCO, NESTLE, LUCK, and ISL.

Top losers of last week were: PPL, MCB, HBL, ASTL, HASCOL, EFOODS, CHCC, NBP, PTC, UBL, BAHL,

Top Volume Leaders of last week:  ISL, MLCF, BOP, TRG, KEL, PAEL, and Fauji Cement.

The Pakistan Stock Exchange (PSX) market index maintained its despondency for the fourth consecutive week. KSE-100 index closed below 32,000 points at 31,666 points, down by 437 points or 1.4 percent, while KSE-30 index closed on 15,052 by losing -231 points or - 1.51%.

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


  • Daily average volumes settled at 56.9 million shares. Foreign investors mopped up shares worth $3.4 million during the week. Foreign investments were mainly concentrated in cements $3.1 million and banks $0.9 million. On the other side, E&Ps witnessed the bulk of outflows amounting to $2.1 million. Amongst local participants, mutual funds provided most of this liquidity of $4.2 million followed by companies $1.6 million
  • Inflation in July surged to 68 months high on increase in utility prices while monetary tightening and delay in state enterprise fund to support market allowed bear to dominate the trading floor
  • Forex reserves increasing $199 million
  • Government raising petrol price by Rs5.15 per litre for August and power generation jumping to 122,710GWh in FY19
  • Political uncertainty also kept investors on the back foot. Traders have also announced a country wide protest and strike on CNIC condition
  • The proceedings in the Senate a day ago created what looked like an explosive situation on the political front, which further unnerved investors
  • In the upcoming week, result season may keep investors attuned. Volatility in international oil prices may take its toll on the bourse
  • Traders announced a country-wide protest and strike on the CNIC condition, with one political party announcing a long march
  • The Federal Board of Revenue reported collection of Rs227bn (95pc of the set target) for July which also was a positive development that failed to impress investors
  • Consumer price inflation (CPI) accelerated to five years and seven months high of 10.3 percent in July from 8.9 percent in June
  • On month-on-month basis, it increased by 2.3 percent in July 2019 as compared to an increase of 0.4 percent in the previous month and an increase of 0.9 percent in July 2018


Following are few BUY recommendations:

Attock Cement Ltd. (ACPL) – BUY 
Current Price: PKR 69.2
Target Price: PKR 142.6

Askari Bank (AKBL) – BUY 
Current Price: PKR 18.2
Target Price: PKR 28.4

Attock Petroleum (APL) – BUY 
Current Price: PKR 280.12
Target Price: PKR 479.57

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 16.65
Target Price: PKR 58.0

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 71.82
Target Price: PKR  97.64

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 40.61
Target Price: PKR  60.1

Bank of Punjab (BOP) – BUY 
Current Price: PKR 7.9
Target Price: PKR 18.3

Cherat Cement Co Limited (CHCC) – BUY 
Current Price: PKR 27.33
Target Price: PKR 71.00

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 43.72
Target Price: PKR 93.91

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 65.04
Target Price: PKR 91.0

Engro Foods (EFOODS) – BUY 
Current Price: PKR 44.73
Target Price: PKR 80.87

Engro Corporations (ENGRO) – BUY 
Current Price: PKR 256.13
Target Price: PKR 359.6

Engro Polymer & Chemical (EPCL) – BUY 
Current Price: PKR 25.6
Target Price: PKR 46.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 25.73
Target Price: PKR 35.75

Fauji Fertilizer Bin Qasim (FFBL) – BUY 
Current Price: PKR 16.31
Target Price: PKR 35.73

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 94.39
Target Price: PKR 115.77

Fauji Cement Company (FCCL) – BUY 
Current Price: PKR 13.34
Target Price: PKR 18.87

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 8.43
Target Price: PKR 25

Hascol Petroleum (HASCOL) – BUY 
Current Price: PKR 44.28
Target Price: PKR 234.57

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 117.97
Target Price: PKR 143.25

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 148.6
Target Price: PKR 206.8

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 70.54
Target Price: PKR 101.05

Indus Motors (INDU) – BUY 
Current Price: PKR 1,130.60
Target Price: PKR 1,426.6

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 31.95
Target Price: PKR 61.4

Kohat Cement Company (KOHC) – BUY 
Current Price: PKR 47.6
Target Price: PKR 111

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 16.5
Target Price: PKR 25.3

Lucky Cement (LUCK) – BUY 
Current Price: PKR 379.61
Target Price: PKR 581.40

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR   933
Target Price: PKR 1,983.6

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   169.85
Target Price: PKR 224

Meezan Bank Limited (MEBL) – BUY 
Current Price: PKR 81.25
Target Price: PKR 115.80

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 17.22
Target Price: PKR 56.6

Millat Tractors Limited (MTL) – BUY 
Current Price: PKR 774
Target Price: PKR 1,017

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 32.11
Target Price: PKR 54.3

Nishat Chunian Limited (NCL) – BUY 
Current Price: PKR 26.99
Target Price: PKR 55.00

Nishat Chunian Power Limited (NCPL) – BUY 
Current Price: PKR 17
Target Price: PKR 27.8

Nishat Mills (NML) – BUY 
Current Price: PKR 73.44
Target Price: PKR 158.00

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 23.1
Target Price: PKR 32.5

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 125.96
Target Price: PKR 190

Pak Elecktron Ltd (PAEL) – BUY 
Current Price: PKR 14.94
Target Price: PKR 28.20

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 18.28
Target Price: PKR 46.0

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 405
Target Price: PKR 593.0

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 128.10
Target Price: PKR 208

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 174.31
Target Price: PKR 275.08

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 145.70
Target Price: PKR 298.00

Sui Northern Gas Pipeline (SNGP) – BUY 
Current Price: PKR 59.7
Target Price: PKR 96.2

United Bank Limited (UBL) – BUY 
Current Price: PKR 143.81
Target Price: PKR 165.50

Thank you very much for reading this article.

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Written by: Rana Khuram

1 comment:

  1. Hi, What about the total money received on maturity? What sort of tax does it attract?
    investing tips

    ReplyDelete