Pakistan Stock Exchange (PSX) Weekly Analysis 11 November, 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:  MCB, ENGRO, HBL, DAWH, and EFERT.

The Pakistan Stock Exchange (PSX) market index made a handsome recovery during the outgoing week and gave an 11-week high return due largely to expectations of a positive review of Pakistan’s economy by the International Monetary Fund (IMF). KSE-100 index closed on 35,978 by gaining 1,601 points or 4.7 %.

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


  • The political noise, emerging from the Azadi march and sit-in by the opposition parties, eased during the week and many investors heaved a sigh of relief
  • Inflation increased by 1.82 percent in the month of October compared to September of this year
  • The Central Directorate of National Savings revised downwards the profit rates on various savings schemes and certificates by up to 2.33%. The development sparked speculation of interest rate cut in the monetary policy announcement later this month, which strengthened investor sentiment
  • The Consumer Price Index (CPI) stood at 11% for October, which was above market expectations. October marked the third consecutive month when inflation remained in double digits
  • Investor participation improved significantly in the stock market as average daily traded volumes jumped 55% week-on-week to 258 million shares while average daily traded value rose 52% to $54 million
  • Foreign investors turned net buyers of $4.5 million worth of shares during the week under review compared to net selling of $3.1 million last week. Buying was witnessed in fertiliser firms ($6.7 million) and oil and gas marketing companies ($3.2 million)
  • On the domestic front, major selling was reported by banks and development finance institutions ($6 million) and insurance companies ($4.6 million)
  • SBP reserves increased to $8.4 billion which is the highest level since April

Following are few BUY recommendations:

Allied Bank (ABL) – BUY 
Current Price: PKR 86.75
Target Price: PKR 109.9

Attock Cement Ltd. (ACPL) – BUY 
Current Price: PKR 91.52
Target Price: PKR 104.0

Askari Bank (AKBL) – BUY 
Current Price: PKR 17.94
Target Price: PKR 26.4

Attock Petroleum (APL) – BUY 
Current Price: PKR 319.75
Target Price: PKR 402.0

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 31.72
Target Price: PKR 58.0

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 69.66
Target Price: PKR  97.64

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 43.04
Target Price: PKR  60.3

Bank of Punjab (BOP) – BUY 
Current Price: PKR 9.95
Target Price: PKR 14.8

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 77.12
Target Price: PKR 83.8

Engro Foods (EFOODS) – BUY 
Current Price: PKR 69.58
Target Price: PKR 80.87

Engro Corporations (ENGRO) – BUY 
Current Price: PKR 320.35
Target Price: PKR 340.9

Engro Polymer & Chemical (EPCL) – BUY 
Current Price: PKR 30.08
Target Price: PKR 40.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 24.46
Target Price: PKR 35.75

Fauji Fertilizer Bin Qasim (FFBL) – BUY 
Current Price: PKR 19.14
Target Price: PKR 23.0

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 97.81
Target Price: PKR 116.45

Fauji Cement Company (FCCL) – BUY 
Current Price: PKR 15.27
Target Price: PKR 16.30

Feroze1888 Mills Ltd (FML) – BUY 
Current Price: PKR 86.50
Target Price: PKR 137.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 9.88
Target Price: PKR 25

Habib Metropolitan Bank (HMB) – BUY 
Current Price: PKR 32.00
Target Price: PKR 43.81

HUB Power Co. (HUBCO) – BUY
Current Price: PKR 75.42
Target Price: PKR 101.05

Interloop Ltd. (ILP) – BUY 
Current Price: PKR 45.16
Target Price: PKR 57.0

Indus Motors (INDU) – BUY 
Current Price: PKR 1,111.32
Target Price: PKR 1,165.5

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 32.37
Target Price: PKR 50.0

Kohat Cement Company (KOHC) – BUY 
Current Price: PKR 66.40
Target Price: PKR 87.2

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 16.62
Target Price: PKR 20.0

Lucky Cement (LUCK) – BUY 
Current Price: PKR 383.88
Target Price: PKR 516.54

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR   1,208.43
Target Price: PKR 1,502.6

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   192.18
Target Price: PKR 211.3

Meezan Bank Limited (MEBL) – BUY 
Current Price: PKR 77.13
Target Price: PKR 115.80

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 18.57
Target Price: PKR 22.90

Millat Tractors Limited (MTL) – BUY 
Current Price: PKR 630.26
Target Price: PKR 811.8

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 36.29
Target Price: PKR 46.8

Nishat Chunian Limited (NCL) – BUY 
Current Price: PKR 35.83
Target Price: PKR 45.1

Nishat Chunian Power Limited (NCPL) – BUY 
Current Price: PKR 16.40
Target Price: PKR 29.0

Nishat Mills (NML) – BUY 
Current Price: PKR 88.72
Target Price: PKR 125.3

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 23.00
Target Price: PKR 33.3

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 130.56
Target Price: PKR 190

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 406.83
Target Price: PKR 469.2

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 118.90
Target Price: PKR 208

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 175.17
Target Price: PKR 275.08

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 163.03
Target Price: PKR 189.00

Sui Northern Gas Pipeline (SNGP) – BUY 
Current Price: PKR 72.80
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

No comments:

Post a Comment