Pakistan Stock Exchange (PSX) Weekly Analysis 20 October, 2019

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

Top gainers of last week were:  HASCOL, EFERT, ENGRO, ASTL and BAHL.

Top losers of last week were: HBL, UBL, LUCK, HUBCO, PSO, INDU, PAEL, PIOC and POL.

Top Volume Leaders of last week:  LOTCHEM, EFERT, BOP, POL, UNITY and TRG.

The Pakistan Stock Exchange (PSX) market index, The two-week winning streak was snapped in the outgoing week as market remained shrouded in uncertainty over the outcome of Financial Action Task Force plenary meeting and the sabre rattling by a political party that has vowed to hold Azadi March to Islamabad on Oct 31. KSE-100 index closed on 33,870 by losing 606 points or - 1.76 %. While KSE-30 index reached on 15,829 by losing 408 points or - 2.52 %.

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


  • Investors awaited the Financial Action Task Force (FATF) decision, which came out during the last trading session to keep Pakistan in the grey list till February 2020
  • IMF team held talks on revenue collection, C/A deficit enquiring from the Commerce Division as to program specifications to meet Pakistan’s needs, receiving the response was that the program should be growth oriented
  • FDI flows posted a decline of 3% during the 1QFY20 owing to lower inflows from China, according to the SBP, the country fetched FDI amounting to US$542mn in 1QFY20 compared to US$559.4mn during 1QFY19
  • The average traded volumes settled at 140 million shares down by 51 percent on week on week basis, while average value traded clocked-in at $30 million, down by 47 percent on week on week basis
  • Foreign selling continued this week clocking-in at 2.1 million dollars compared to a net sell of 4.2 million dollars last week. Selling was witnessed in commercial banks at 3.4 million dollars, and exploration and production at 1 million dollars
  • On the domestic front, major buying was reported by individuals at 8.4 million dollars and banks / DFIs at 5.4 million dollars
  • Global oil prices showed large volatility during the week as the shadows of US-China trade talks and lower production by OPEC continued to hover over the commodity
  • With many financial results to be announced in the coming week, the activity would likely be accordingly influenced
  • Prime Minister Imran Khan on Saturday appreciated his team for turning around the national economy within a year as the indicators showed considerable increase in foreign direct investment (FDI), exports and remittances besides a sharp decline in the current account deficit
  • The prime minister shared some data and graphs, showing that the FDI had increased by 111.5% and the foreign private investment by 194% during one year. The current account deficit was recorded at the 41-month low in September from $1.27 billion to $259 million. Exports surged by 5.9% while imports declined by 18.6%

Following are few BUY recommendations:

Allied Bank (ABL) – BUY 
Current Price: PKR 86.87
Target Price: PKR 109.9

Attock Cement Ltd. (ACPL) – BUY 
Current Price: PKR 78.90
Target Price: PKR 104.0

Askari Bank (AKBL) – BUY 
Current Price: PKR 17.41
Target Price: PKR 26.4

Attock Petroleum (APL) – BUY 
Current Price: PKR 299.85
Target Price: PKR 402.0

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 26.55
Target Price: PKR 58.0

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 70.44
Target Price: PKR  97.64

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 43.27
Target Price: PKR  60.3

Bank of Punjab (BOP) – BUY 
Current Price: PKR 9.79
Target Price: PKR 14.8

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 72.14
Target Price: PKR 83.8

Engro Foods (EFOODS) – BUY 
Current Price: PKR 67.02
Target Price: PKR 80.87

Engro Corporations (ENGRO) – BUY 
Current Price: PKR 287.72
Target Price: PKR 340.9

Engro Polymer & Chemical (EPCL) – BUY 
Current Price: PKR 27.62
Target Price: PKR 40.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 25.99
Target Price: PKR 35.75

Fauji Fertilizer Bin Qasim (FFBL) – BUY 
Current Price: PKR 18.01
Target Price: PKR 23.0

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 96.54
Target Price: PKR 116.45

Fauji Cement Company (FCCL) – BUY 
Current Price: PKR 14.96
Target Price: PKR 16.30

Feroze1888 Mills Ltd (FML) – BUY 
Current Price: PKR 96.00
Target Price: PKR 137.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 9.90
Target Price: PKR 25

Habib Metropolitan Bank (HMB) – BUY 
Current Price: PKR 31.50
Target Price: PKR 43.81

HUB Power Co. (HUBCO) – BUY
Current Price: PKR 74.06
Target Price: PKR 101.05

Interloop Ltd. (ILP) – BUY 
Current Price: PKR 46.29
Target Price: PKR 57.0

Indus Motors (INDU) – BUY 
Current Price: PKR 940.08
Target Price: PKR 1,165.5

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 31.59
Target Price: PKR 50.0

Kohat Cement Company (KOHC) – BUY 
Current Price: PKR 53.39
Target Price: PKR 87.2

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 16.13
Target Price: PKR 20.0

Lucky Cement (LUCK) – BUY 
Current Price: PKR 365.21
Target Price: PKR 516.54

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR   1,032.28
Target Price: PKR 1,502.6

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   169.46
Target Price: PKR 211.3

Meezan Bank Limited (MEBL) – BUY 
Current Price: PKR 79.93
Target Price: PKR 115.80

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 16.79
Target Price: PKR 22.90

Millat Tractors Limited (MTL) – BUY 
Current Price: PKR 623.50
Target Price: PKR 811.8

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 34.02
Target Price: PKR 46.8

Nishat Chunian Limited (NCL) – BUY 
Current Price: PKR 38.56
Target Price: PKR 45.1

Nishat Chunian Power Limited (NCPL) – BUY 
Current Price: PKR 16.61
Target Price: PKR 29.0

Nishat Mills (NML) – BUY 
Current Price: PKR 85.91
Target Price: PKR 125.3

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 22.95
Target Price: PKR 33.3

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 125.67
Target Price: PKR 190

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 375.92
Target Price: PKR 469.2

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 112.89
Target Price: PKR 208

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 160.18
Target Price: PKR 275.08

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 140.15
Target Price: PKR 189.00

Sui Northern Gas Pipeline (SNGP) – BUY 
Current Price: PKR 65.65
Target Price: PKR 78.4

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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