Pakistan Stock Exchange (PSX) Weekly Analysis 5 January, 2020

BUY recommendations are:   AKBL, APL, BAHL, BAFL, BOP, EFERT, EPCL, FATIMA, FFBL, FFC, FML, GWLC, HBL, HMB, HUBCO, INDU, KAPCO, LOTCHEM, LUCK, MARI, MEBL, MTL, NBP, NCL, NCPL, NML, NPL, OGDC, PPL and UBL.

Top gainers of last week were:  HASCOL, KEL, HUBCO, LUCK, PAEL, FFBL, ENGRO, OGDC, PSO and ASTL.

Top Volume Leaders of last week were:  TRG, UNITY, KEL, PAEL, and FFL.

The Pakistan Stock Exchange (PSX) market index, bulls dominated the stock market in first week of 2020. KSE-100 index closed on 42,323 by gaining 1,475 points or 3.61%. While KSE-30 index closed on 19,474 by gaining 697 points or 3.71 %.

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


  • Consolidating political picture around the question of legislative amendments to the Army Act fueled investor participation
  • The KSE-100 index closed 2019 as one of the best-performing indices in the region with a 10% return
  • The bourse entered the negative territory once again in the last trading session due to a sudden jump in regional tensions. A US drone strike targeted and killed Iranian Military Commander Qassem Soleimani. The escalation in regional tensions triggered a global selloff, which was also mirrored in the Pakistani stock market
  • Abu Dhabi announced $200 million aid for small and medium enterprises, K-Electric tariff was raised, but hike would be absorbed by government subsidies and Pakistan’s debt fell to 84.7% of GDP
  • Average volume rose 23pc at 282m shares while mean value traded came in at Rs10.7bn, up 29pc
  • The Oil and Gas Regulatory Authority (OGRA) issued a price-revision notification of Liquefied Petroleum Gas (LPG) for the month of January as per which, the authority increased the locally produced LPG price by Rs 278.48 per cylinder of 11.8 kilogram
  • The GoP through a presidential ordinance on Wednesday introduced significant changes to tax laws to implement concessions promised to traders, reduce duty on import of low-value mobile phones, remove limit on intercorporate dividend tax relief and penalise currency smugglers
  • The GoP on Tuesday increased fuel prices for January, raising the petrol price to PkR116.60/ltr with the increase of PkR2.61/ltr, while approving the recommendations made OGRA
  • FBR has collected PkR2,080bn during the first half year as against the target of PkR2,198bn projected for the same period, but up 16.95%YoY
  • NEPRA increased KEL’s tariff by 38 per cent or PkR4.87/KwH to PkR17.69/KwH for 11 quarters from Jul–Sep 2016 to Jan–Mar 2019 under quarterly adjustment formula

Following are few BUY recommendations:

Askari Bank (AKBL) – BUY 
Current Price: PKR 18.93
Target Price: PKR 26.4

Attock Petroleum (APL) – BUY 
Current Price: PKR 374.73
Target Price: PKR 434.0

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 81.75
Target Price: PKR  97.64

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 48.29
Target Price: PKR  60.3

Bank of Punjab (BOP) – BUY 
Current Price: PKR 11.85
Target Price: PKR 14.8

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 73.57
Target Price: PKR 83.8

Engro Polymer & Chemical (EPCL) – BUY 
Current Price: PKR 33.06
Target Price: PKR 40.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 27.14
Target Price: PKR 35.75

Fauji Fertilizer Bin Qasim (FFBL) – BUY 
Current Price: PKR 20.76
Target Price: PKR 31.34

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 102.12
Target Price: PKR 116.45

Feroze1888 Mills Ltd (FML) – BUY 
Current Price: PKR 93.25
Target Price: PKR 137.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 13.82
Target Price: PKR 25

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 163.30
Target Price: PKR 200.39

Habib Metropolitan Bank (HMB) – BUY 
Current Price: PKR 37.98
Target Price: PKR 47.19

HUB Power Co. (HUBCO) – BUY
Current Price: PKR 98.38
Target Price: PKR 160.83

Indus Motors (INDU) – BUY 
Current Price: PKR 1,189.99
Target Price: PKR 1,452.06

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 30.99
Target Price: PKR 41.93

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 14.19
Target Price: PKR 20.0

Lucky Cement (LUCK) – BUY 
Current Price: PKR 463.46
Target Price: PKR 516.54

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR   1,309.42
Target Price: PKR 1,366.0

Meezan Bank Limited (MEBL) – BUY 
Current Price: PKR 96.57
Target Price: PKR 115.80

Millat Tractors Limited (MTL) – BUY 
Current Price: PKR 711.35
Target Price: PKR 811.8

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 44.41
Target Price: PKR 66.51

Nishat Chunian Limited (NCL) – BUY 
Current Price: PKR 43.96
Target Price: PKR 45.1

Nishat Chunian Power Limited (NCPL) – BUY 
Current Price: PKR 19.48
Target Price: PKR 29.0

Nishat Mills (NML) – BUY 
Current Price: PKR 107.86
Target Price: PKR 125.3

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 27.50
Target Price: PKR 33.3

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 149.48
Target Price: PKR 190

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 143.20
Target Price: PKR 186.7

United Bank Limited (UBL) – BUY 
Current Price: PKR 175.28
Target Price: PKR 204.72

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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