Pakistan Stock Exchange (PSX) Weekly Analysis 1 September, 2019

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

Top gainers of last week were:  GWLC, FFC, EFERT, NCL, and MCB.

Top losers of last week were: OGDC, PPL, HBL, KEL, MLCF, BAHL, HASCOL, PAEL, and PSO.

Top Volume Leaders of last week:  LOTCHEM, KEL, MLCF, UNITY, and OGDC.

The Pakistan Stock Exchange (PSX) market index once again came under the control of bears. KSE-100 index closed at 29,672 points by losing 1,678 points or 5.4 percent. While KSE-30 index reached on 13,932 by losing 916 points or - 6.17%.

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


  • The benchmark index closed negative for the seventh consecutive month and lost 6.8pc during August which also was the heaviest monthly decline this year
  • During the outgoing week, investors lost Rs258 billion, whereas foreign investors bought a total of $970,000 worth of shares
  • Foreign buying was witnessed during the week which came in at $0.97 million compared to net selling of $4.97 million last week. Buying was witnessed in commercial banks ($2.5 million) and technology and communications ($1 million)
  • Privatization commission’s decision to divest some portion of government’s stake in State Owned Companies such as OGDC, PPL, KAPCO and PAKRI kept the sentiment weak
  • On the domestic front, major selling was reported by mutual funds ($13.5 million), however, individuals remained net buyers of $7.8 million
  • The recent tensions between Pakistan and India over Kashmir dispute had pushed investors to adopt a cautious behavior
  • A record budget deficit and the government’s decision to privatize companies as some of the factors that pulled the stock market down
  • The price of 24-karat gold in the outgoing week moved up by Rs2,400 per tola and was traded around Rs89,500 per tola on Friday, a private media house reported. It had hit an all-time high of Rs90,000 per tola on Wednesday
  • The Pakistani Rupee has appreciated by 66 paisa against the US dollar in the outgoing week and closed at Rs156.86 in the interbank market on Friday
  • British Prime Minister Boris Johnson suspended parliament with the Queen’s approval as fears grew that the UK would fall out of the European Union with a Brexit deal.
  • Market activity suffered during the week under review as average daily volumes went down 29% to 124 million shares, while average traded value plunged 23% to $29 million
  • In terms of sectors, negative contribution came from oil and gas exploration companies (down 519 points), commercial banks (400 points), power generation and distribution (216 points), oil and gas marketing companies (160 points) and cement (139 points)
  • Gas and condensate discovery in Khyber-Pakhtunkhwa
  • In Pakistan and Standard and Poor’s keeping its outlook on Pakistan stable with ‘B-‘ sovereign rating for the long term and ‘B’ rating for the short term

Following are few BUY recommendations:

Allied Bank (ABL) – BUY 
Current Price: PKR 83.0
Target Price: PKR 118.50

Attock Cement Ltd. (ACPL) – BUY 
Current Price: PKR 84.0
Target Price: PKR 142.6

Askari Bank (AKBL) – BUY 
Current Price: PKR 17.8
Target Price: PKR 28.4

Attock Petroleum (APL) – BUY 
Current Price: PKR 259.0
Target Price: PKR 402.0

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 17.67
Target Price: PKR 58.0

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 65.12
Target Price: PKR  97.64

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 39.7
Target Price: PKR  50.89

Bank of Punjab (BOP) – BUY 
Current Price: PKR 7.6
Target Price: PKR 18.3

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 48.5
Target Price: PKR 93.91

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 65.9
Target Price: PKR 77.10

Engro Foods (EFOODS) – BUY 
Current Price: PKR 45.24
Target Price: PKR 80.87

Engro Corporations (ENGRO) – BUY 
Current Price: PKR 254.7
Target Price: PKR 359.6

Engro Polymer & Chemical (EPCL) – BUY 
Current Price: PKR 21.8
Target Price: PKR 40.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 24.83
Target Price: PKR 35.75

Fauji Fertilizer Bin Qasim (FFBL) – BUY 
Current Price: PKR 16.1
Target Price: PKR 35.73

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 91.3
Target Price: PKR 115.77

Fauji Cement Company (FCCL) – BUY 
Current Price: PKR 13.57
Target Price: PKR 18.87

Feroze1888 Mills Ltd (FML) – BUY 
Current Price: PKR 102.5
Target Price: PKR 137.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 10.27
Target Price: PKR 25

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 109.6
Target Price: PKR 140.47

Honda Atlas Cars (HCAR) – BUY 
Current Price: PKR 128.8
Target Price: PKR 138.3

Habib Metropolitan Bank (HMB) – BUY 
Current Price: PKR 29.60
Target Price: PKR 43.81

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 65.73
Target Price: PKR 101.05

Indus Motors (INDU) – BUY 
Current Price: PKR 1,030.7
Target Price: PKR 1,426.6

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 27.7
Target Price: PKR 41.93

Kohat Cement Company (KOHC) – BUY 
Current Price: PKR 43.5
Target Price: PKR 111

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 15.6
Target Price: PKR 25.3

Lucky Cement (LUCK) – BUY 
Current Price: PKR 350.0
Target Price: PKR 581.40

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR   834.2
Target Price: PKR 1,502.6

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   169.0
Target Price: PKR 224

Meezan Bank Limited (MEBL) – BUY 
Current Price: PKR 75.12
Target Price: PKR 115.80

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 17.2
Target Price: PKR 22.90

Millat Tractors Limited (MTL) – BUY 
Current Price: PKR 666.9
Target Price: PKR 1,017

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 29.7
Target Price: PKR 54.3

Nishat Chunian Limited (NCL) – BUY 
Current Price: PKR 30.6
Target Price: PKR 55.00

Nishat Chunian Power Limited (NCPL) – BUY 
Current Price: PKR 15.5
Target Price: PKR 27.8

Nishat Mills (NML) – BUY 
Current Price: PKR 71.5
Target Price: PKR 158.00

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 21.1
Target Price: PKR 32.5

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 104.6
Target Price: PKR 190

Pak Elecktron Ltd (PAEL) – BUY 
Current Price: PKR 14.44
Target Price: PKR 18.30

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 368.7
Target Price: PKR 400

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 103.4
Target Price: PKR 208

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 157.87
Target Price: PKR 275.08

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 124.5
Target Price: PKR 298.00

Sui Northern Gas Pipeline (SNGP) – BUY 
Current Price: PKR 51.3
Target Price: PKR 78.4

United Bank Limited (UBL) – BUY 
Current Price: PKR 129.4
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

No comments:

Post a Comment