Pakistan Stock Exchange (PSX) Weekly Analysis 19 January, 2020

BUY recommendations are:   ABL, ACPL, AKBL, APL, ASTL, BAHL, BAFL, BOP, EFERT, FATIMA, FFBL, FFC, FML, GWLC, HBL, HMB, HUBCO, ILP, INDU, KAPCO, KOHC, LOTCHEM, LUCK, MARI, MCB, NBP, NCL, NCPL, NML, NPL, OGDC, POL, PPL, SNGP and UBL.

Top gainers of last week were:  PSMC, MEBL, HBL, BOP, CHCC, THALL, BYCO, FML, and HMB.

Top losers of last week were:  OGDC, HUBCO, DAWH, INDU, FFBL, KEL, HASCOL, PAKT, EPCL, COLG, and POL.

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

The Pakistan Stock Exchange (PSX) market index trading remained choppy for most of the sessions in the outgoing week. The KSE-100 ended the week only 39 points or 0.1% down at 43,168 points. While KSE-30 index closed on 19,997 by losing -31 points or -0.15%.

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


  • An announcement by Fitch Ratings, which maintained Pakistan’s rating at ‘B-‘ with a stable outlook, helped the index recover
  • Concerns over rising inflation kept the sentiment weak
  • The dismal auto data released this week also dented sentiments as auto stocks bore the brunt
  • PTI allies are one by one showing disapproval of government policies, which is hinting at a crisis in the making that forced investors to be safe rather than sorry
  • With the investors remaining on the sidelines, average volumes dropped 19% week-on-week 246 million, while average value traded declined 38% to $49 million
  • Foreign buying continued this week clocking-in at $2.8 million compared to a net buy of $7 million last week 
  • Buying was witnessed in E&Ps ($1.4 million) and fertiliser ($1.3 million). On the domestic front, major selling was reported by insurance companies ($2.8 million) and individuals ($2.2 million)
  • In terms of sectors, positive contributions came from commercial banks (109 points), automobile parts and accessories (29 points), automobile assembler (20 points), refinery (20 points), and textile weaving (12 points)
  • Hyundai-Nishat began truck production
  • Government approved 121 gas schemes
  • International tender floated for auction for 18 new blocks
  • Car sales plunged by 43.2% during first half of 2019-20
  • Foreign reserves with the SBP increased by $82.3 million to $11.58 billion
  • The SECP to relax major condition under IPO regulations
  • Car sales plunged by 43.2% during First Half 2019-20
  • SBP imposes penalty on five banks
  • Remittances during Dec’19 increasing 19.89% YoY and 15%MoM to US$2.01bn
  • Foreign direct investment (FDI) jumping 68.3% to $1.34bn during 1HFY20
  • Goods transporters calling off strike after talks with Sindh, federal govts with an agreement on implementation of axle load regime

Following are few BUY recommendations:

Allied Bank (ABL) – BUY 
Current Price: PKR 99.2
Target Price: PKR 120.7

Attock Cement Ltd. (ACPL) – BUY 
Current Price: PKR 104.4
Target Price: PKR 142.6

Askari Bank (AKBL) – BUY 
Current Price: PKR 21.1
Target Price: PKR 26.4

Attock Petroleum (APL) – BUY 
Current Price: PKR 385.79
Target Price: PKR 434.0

Amreli Steel Limited (ASTL) – BUY 
Current Price: PKR 36.53
Target Price: PKR 49.0

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 81.82
Target Price: PKR  97.64

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 52.27
Target Price: PKR  60.3

Bank of Punjab (BOP) – BUY 
Current Price: PKR 13.90
Target Price: PKR 14.8

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 75.3
Target Price: PKR 83.8

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 27.25
Target Price: PKR 35.75

Fauji Fertilizer Bin Qasim (FFBL) – BUY 
Current Price: PKR 20.01
Target Price: PKR 31.34

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 103.00
Target Price: PKR 116.45

Feroze1888 Mills Ltd (FML) – BUY 
Current Price: PKR 102.2
Target Price: PKR 137.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 12.96
Target Price: PKR 25

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 170.83
Target Price: PKR 200.39

Habib Metropolitan Bank (HMB) – BUY 
Current Price: PKR 42.00
Target Price: PKR 47.19

HUB Power Co. (HUBCO) – BUY
Current Price: PKR 101.08
Target Price: PKR 160.83

Interloop Ltd. (ILP) – BUY 
Current Price: PKR 57.8
Target Price: PKR 67.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,046.20
Target Price: PKR 1,452.06

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

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 80.0
Target Price: PKR 106.6

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 14.7
Target Price: PKR 20.0

Lucky Cement (LUCK) – BUY 
Current Price: PKR 489.16
Target Price: PKR 516.54

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,365.2
Target Price: PKR 1,501.8

Muslim Commercial Bank Limited (MCB) – BUY 
Current Price: PKR 222.3
Target Price: PKR 263.7

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 44.21
Target Price: PKR 66.51

Nishat Chunian Limited (NCL) – BUY 
Current Price: PKR 45.49
Target Price: PKR 60.53

Nishat Chunian Power Limited (NCPL) – BUY 
Current Price: PKR 18.3
Target Price: PKR 29.0

Nishat Mills (NML) – BUY 
Current Price: PKR 112.01
Target Price: PKR 125.3

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 26.5
Target Price: PKR 33.3

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 150.25
Target Price: PKR 190

Pakistan Oilfields Ltd. (POL) – BUY 
Current Price: PKR 457.9
Target Price: PKR 489.0

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 148.80
Target Price: PKR 186.7

Sui Northern Gas Pipeline Ltd. (SNGP) – BUY 
Current Price: PKR 81.9
Target Price: PKR 111.1

United Bank Limited (UBL) – BUY 
Current Price: PKR 180.83
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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