Pakistan Stock Exchange (PSX) Weekly Analysis 10 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, 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:  HBL, OGDC, PPL, APL, PAEL, ABL, HUBC, and POL.

Top losers of last week were: HASCOL, GWLC, MEBL, DGKC, and INDU.

Top Volume Leaders of last week:  MLCF, WTL, OGDC, DGKC, and PAEL.

The Pakistan Stock Exchange (PSX) market index volatile movements continued as the index recovered from the past week’s blow to post gains in the outgoing week. KSE-100 index closed at 30,467 points by gaining 795 points or 2.68 percent. While KSE-30 index reached on 14,303 by gaining 371 points or 2.66 %.

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


  • Exploration and Production Sector, Commercial Banks, Power Sector as well as Fertilizer Sector helped the index gain momentum as they collectively contributed 662 points
  • Foreign corporate in the meanwhile, sold a net of Rs.808 million worth of shares during the departed week
  • Expectations of a lower inflation reading and issuance of the presidential ordinance to waive over Rs300 billion GIDC dues also kept the mood upbeat on the first trading day of the week
  • Market activity slowed, as average daily volumes for the outgoing week were down by 25% to 93 million shares, likewise, value traded decreased by 23% to $22.3 million
  • ADB expected to lend $10 billion in next five years
  • The change in CPI methodology revealed a lower than anticipated reading at 10.49pc for August which the market hoped raised the likelihood of a policy rate cut
  • There was not much improvement in the rupee-dollar parity, price of gold and fixed income returns from banks and national savings schemes, that could suck out liquidity from the market
  • The third trading session also witnessed withdrawal of presidential ordinance which was signed to waive off 50pc of outstanding GIDC overdue from the CNG, power, fertiliser and industrial gas consumers
  • There were reports of an IMF mission on its way to Pakistan to take stock of the financial indicators, the government explained that there was no reason to be alarmed as it was a routine visit
  • The Monetary Policy Statement is due in the last week of this month
  • SECP finalizes reforms agenda to revitalize capital
  • Non-resident firms to be given massive tax incentives to invest in Pakistan debt market
  • IMF to send SOS mission to Pakistan on 16th

Following are few BUY recommendations:

Allied Bank (ABL) – BUY 
Current Price: PKR 87.00
Target Price: PKR 118.50

Attock Cement Ltd. (ACPL) – BUY 
Current Price: PKR 8 8.5
Target Price: PKR 142.6

Askari Bank (AKBL) – BUY 
Current Price: PKR 1 8.1
Target Price: PKR 28.4

Attock Petroleum (APL) – BUY 
Current Price: PKR 268.30
Target Price: PKR 402.0

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 17.81
Target Price: PKR 58.0

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 64.52
Target Price: PKR  97.64

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 39.61
Target Price: PKR  50.89

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

D.G. Khan Cement Co. (DGKC) – BUY 
Current Price: PKR 4 6.9
Target Price: PKR 93.91

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 6 7.7
Target Price: PKR 77.10

Engro Foods (EFOODS) – BUY 
Current Price: PKR 47.00
Target Price: PKR 80.87

Engro Corporations (ENGRO) – BUY 
Current Price: PKR 257.75
Target Price: PKR 359.6

Engro Polymer & Chemical (EPCL) – BUY 
Current Price: PKR 2 2.9
Target Price: PKR 40.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 24.26
Target Price: PKR 35.75

Fauji Fertilizer Bin Qasim (FFBL) – BUY 
Current Price: PKR 15.83
Target Price: PKR 35.73

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 90.94
Target Price: PKR 115.77

Fauji Cement Company (FCCL) – BUY 
Current Price: PKR 13.58
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 8.72
Target Price: PKR 25

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 116.29
Target Price: PKR 140.47

Habib Metropolitan Bank (HMB) – BUY 
Current Price: PKR 29.00
Target Price: PKR 43.81

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 69.85
Target Price: PKR 101.05

Indus Motors (INDU) – BUY 
Current Price: PKR 998.86
Target Price: PKR 1,426.6

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 27.97
Target Price: PKR 41.93

Kohat Cement Company (KOHC) – BUY 
Current Price: PKR 4 5.4
Target Price: PKR 111

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 1 5.0
Target Price: PKR 25.3

Lucky Cement (LUCK) – BUY 
Current Price: PKR 349.98
Target Price: PKR 581.40

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR   861.7
Target Price: PKR 1,502.6

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   163.95
Target Price: PKR 224

Meezan Bank Limited (MEBL) – BUY 
Current Price: PKR 70.52
Target Price: PKR 115.80

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 17.23
Target Price: PKR 22.90

Millat Tractors Limited (MTL) – BUY 
Current Price: PKR 703.1
Target Price: PKR 1,017

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 29.87
Target Price: PKR 54.3

Nishat Chunian Limited (NCL) – BUY 
Current Price: PKR 32.65
Target Price: PKR 55.00

Nishat Chunian Power Limited (NCPL) – BUY 
Current Price: PKR 1 6.2
Target Price: PKR 27.8

Nishat Mills (NML) – BUY 
Current Price: PKR 76.48
Target Price: PKR 158.00

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 2 2.3
Target Price: PKR 32.5

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 113.56
Target Price: PKR 190

Pak Elecktron Ltd (PAEL) – BUY 
Current Price: PKR 15.54
Target Price: PKR 18.30

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 353.19
Target Price: PKR 400

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 113.24
Target Price: PKR 208

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 156.94
Target Price: PKR 275.08

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 133.64
Target Price: PKR 298.00

Sui Northern Gas Pipeline (SNGP) – BUY 
Current Price: PKR 5 7.6
Target Price: PKR 78.4

United Bank Limited (UBL) – BUY 
Current Price: PKR 130.50
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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