Pakistan Stock Exchange (PSX) Weekly Analysis 13 January, 2020

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

Top gainers of last week were:  HUBC, HBL, PPL, LUCK, BOP, BAFL, HMB, MEBL, and UBL.

Top losers of last week were:  INDU, HASCOL, MLCF, ASTL, and KAPCO.

Top Volume Leaders of last week were:  BOP, KEL, UNITY, TRG, and MLCF.

The Pakistan Stock Exchange (PSX) market index witnessed a highly volatile week at the Pakistan Stock Exchange ended on an upbeat note as the market managed to breach the 17-month high level of 43,000 to finish 884 points or 2.1% up to close at 43,207 points. While KSE-30 index closed on 20,028 by gaining 554 points or 2.85 %.

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


  • In a rather unexpected development, the US killed top Iranian military commander Qassem Soleimani in a drone strike in Baghdad. This triggered a sell-off in global equity markets, the impact of which was also felt at the local bourse
  • In the wake of heightened global tensions, the week kicked-off trading on a negative note as the KSE-100 index dived over 1,000 points amid panic selling by investors
  • On the domestic front, political unity that helped in the smooth sailing of the Army (Amendment) Bill 2020 also supported the rally
  • Foreign buying was witnessed this week clocking-in at $7 million compared to a net sell of $7.3 million last week. Buying was witnessed in fertiliser ($5.9 million) and E&Ps ($1.8 million)
  • On the domestic front, major selling was reported by mutual funds ($5.9 million) and individuals ($4.0 million)
  • Pakistan moved US court to stop over $6 billion fine in Reko Diq case, govt expects economic recovery by end of FY2020, Pakistan to seek reduction in cost of gas import under TAPI project, public debt inched up 1.08% to Rs32.1 trillion in July-Nov
  • The increase in State Bank foreign exchange reserves to $11.50 billion, from $11.48bn and the declining 10-year Pakistan Investment Bond yields by nine basis points to 10.9pc added to the overall improvement and gave boost to investors’ appetite for stocks
  • Inflow was witnessed in fertiliser at $5.9m and exploration and production $1.8m
  • In the upcoming weeks, the tone of market would be set by the earnings result season where most seasoned players are predicting banking, exploration and production, power and textile to post bright bottom lines while cyclicals including cement and steel could be disappointing
  • ECC approving amendments in the Regulation and Generation of Transmission and Distribution of Electric Power Act 1997
  • ECC directing the Ministry of Finance to explore all possibilities for improving the liquidity position of PSO
  • The National Assembly passing a bill — for exchange of information and criminals with countries — to meet a requirement of the FATF

Following are few BUY recommendations:

Askari Bank (AKBL) – BUY 
Current Price: PKR 19.91
Target Price: PKR 26.4

Attock Petroleum (APL) – BUY 
Current Price: PKR 382.62
Target Price: PKR 434.0

Amreli Steel Limited (ASTL) – BUY 
Current Price: PKR 37.19
Target Price: PKR 49.0

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 81.65
Target Price: PKR  97.64

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 51.48
Target Price: PKR  60.3

Bank of Punjab (BOP) – BUY 
Current Price: PKR 13.33
Target Price: PKR 14.8

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 74.94
Target Price: PKR 83.8

Engro Polymer & Chemical (EPCL) – BUY 
Current Price: PKR 35.31
Target Price: PKR 40.3

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 27.37
Target Price: PKR 35.75

Fauji Fertilizer Bin Qasim (FFBL) – BUY 
Current Price: PKR 20.79
Target Price: PKR 31.34

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 103.05
Target Price: PKR 116.45

Feroze1888 Mills Ltd (FML) – BUY 
Current Price: PKR 92.51
Target Price: PKR 137.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 13.33
Target Price: PKR 25

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 169.11
Target Price: PKR 200.39

Habib Metropolitan Bank (HMB) – BUY 
Current Price: PKR 40.27
Target Price: PKR 47.19

HUB Power Co. (HUBCO) – BUY
Current Price: PKR 103.21
Target Price: PKR 160.83

Indus Motors (INDU) – BUY 
Current Price: PKR 1,050.00
Target Price: PKR 1,452.06

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 29.71
Target Price: PKR 41.93

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 14.44
Target Price: PKR 20.0

Lucky Cement (LUCK) – BUY 
Current Price: PKR 493.70
Target Price: PKR 516.54

Meezan Bank Limited (MEBL) – BUY 
Current Price: PKR 101.77
Target Price: PKR 115.80

Millat Tractors Limited (MTL) – BUY 
Current Price: PKR 722.68
Target Price: PKR 811.8

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 44.64
Target Price: PKR 66.51

Nishat Chunian Limited (NCL) – BUY 
Current Price: PKR 46.12
Target Price: PKR 60.53

Nishat Chunian Power Limited (NCPL) – BUY 
Current Price: PKR 19.01
Target Price: PKR 29.0

Nishat Mills (NML) – BUY 
Current Price: PKR 109.39
Target Price: PKR 125.3

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 27.00
Target Price: PKR 33.3

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 154.21
Target Price: PKR 190

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 149.14
Target Price: PKR 186.7

United Bank Limited (UBL) – BUY 
Current Price: PKR 181.96
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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