Pakistan Stock Exchange (PSX) Weekly Analysis 3 February, 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:  HASCOL, PSMC, NCL, INDU, and HMB.

Top losers of last week were:  MCB, PPL, UBL, HBL, NML, POL, and HUBC.

Top Volume Leaders of last week were:  MLCF, HASCOL, UNITY, AVN, and BOP.

The Pakistan Stock Exchange (PSX) market index recorded a steep drop of 1,002 points (2.4 per cent) and settled below the 42,000-level at 41,631. While KSE-30 index closed on 19,148 by losing -659 points or - 3.33%.

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


  • Global equity markets were roiled following the outbreak of the Chinese coronavirus and the Pakistan stock market was no different as shockwaves were felt at the local bourse, pushing the index 1,002 points or 2.4% lower in the outgoing week amid rather subdued trading to finish the week at 41,631 points
  • State Bank keeps interest rate unchanged at 13.25%
  • Participation remained dull as volumes were down 1% week-on-week to 188 million, while average value traded dipped 7%, clocking-in at $46 million
  • Foreign selling this week clocked-in at $8 million compared to a net buy of $4.8 million last week. Selling was witnessed in cement ($4.2 million) and textile composite ($1.3 million). On the domestic front, major buying was reported by individuals ($9.8 million) and broker proprietary trading ($2 million)
  • Pakistanis have borne the highest inflation in past over nine years at the start of New Year that hit 14.6% in January due to an increase in food and energy cost, which also made the tight monetary policy ineffective
  • Decline in global crude prices during the week also adversely impacted oil stocks
  • The downward trend reversed on Thursday and the index changed gears led by buying activity in banking and cement stock. The recovery was seen as investors weighed strong financial results and reports of Pakistan’s likely exclusion from the Financial Action Task Force’s (FATF) grey list to be reviewed in Paris next month
  • Additionally, the government’s decision to delay proposed gas tariffs also helped improve investors’ sentiments
  • Rs 293.257 million released for petroleum sector projects in seven months
  • Commercial Banks snatched around 428 points from the benchmark index, followed by E&P Companies and Power Generation sector as the took away 304 points and 112 points respectively
  • The government notifying the reduction in GIDC from PkR405 per bag to PkR5 per bag
  • The ECC deferring the MoE’s proposal of gas price hike (up to 15%,) while proposing changes to minimize the burden on domestic consumers
  • The government raising PkR590bn via auction of treasury bills while maintaining cut-off yields for 3M/6M/12M bills at 13.43%/13.29%/13.13%
  • FX reserves held by the SBP increasing by US$184mn to US$11.91bn during the week ended Jan 24’20

Following are few BUY recommendations:

Allied Bank (ABL) – BUY 
Current Price: PKR 94.67
Target Price: PKR 120.7

Attock Cement Ltd. (ACPL) – BUY 
Current Price: PKR 105.16
Target Price: PKR 142.6

Askari Bank (AKBL) – BUY 
Current Price: PKR 20.41
Target Price: PKR 26.4

Attock Petroleum (APL) – BUY 
Current Price: PKR 333.52
Target Price: PKR 434.0

Amreli Steel Limited (ASTL) – BUY 
Current Price: PKR 35.23
Target Price: PKR 49.0

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 80.26
Target Price: PKR  97.64

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 49.98
Target Price: PKR  60.3

Bank of Punjab (BOP) – BUY 
Current Price: PKR 13.19
Target Price: PKR 14.8

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 67.67
Target Price: PKR 83.8

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 25.45
Target Price: PKR 35.75

Fauji Fertilizer Bin Qasim (FFBL) – BUY 
Current Price: PKR 20.02
Target Price: PKR 31.34

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 105.14
Target Price: PKR 116.45

Feroze1888 Mills Ltd (FML) – BUY 
Current Price: PKR 96.46
Target Price: PKR 137.4

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 12.94
Target Price: PKR 25

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 163.12
Target Price: PKR 200.39

Habib Metropolitan Bank (HMB) – BUY 
Current Price: PKR 39.50
Target Price: PKR 47.19

HUB Power Co. (HUBCO) – BUY
Current Price: PKR 97.36
Target Price: PKR 160.83

Interloop Ltd. (ILP) – BUY 
Current Price: PKR 57.97
Target Price: PKR 67.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,073.97
Target Price: PKR 1,452.06

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 28.79
Target Price: PKR 41.93

Kohat Cement Co. (KOHC) – BUY 
Current Price: PKR 89.59
Target Price: PKR 106.6

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 13.91
Target Price: PKR 20.0

Lucky Cement (LUCK) – BUY 
Current Price: PKR 476.87
Target Price: PKR 516.54

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR 1,358.59
Target Price: PKR 1,501.8

Muslim Commercial Bank Limited (MCB) – BUY 
Current Price: PKR 210.76
Target Price: PKR 263.7

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 43.98
Target Price: PKR 66.51

Nishat Chunian Limited (NCL) – BUY 
Current Price: PKR 47.17
Target Price: PKR 60.53

Nishat Chunian Power Limited (NCPL) – BUY 
Current Price: PKR 17.50
Target Price: PKR 29.0

Nishat Mills (NML) – BUY 
Current Price: PKR 111.74
Target Price: PKR 125.3

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 26.01
Target Price: PKR 33.3

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 137.98
Target Price: PKR 190

Pakistan Oilfields Ltd. (POL) – BUY 
Current Price: PKR 424.34
Target Price: PKR 489.0

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 142.50
Target Price: PKR 186.7

Sui Northern Gas Pipeline Ltd. (SNGP) – BUY 
Current Price: PKR 77.93
Target Price: PKR 111.1

United Bank Limited (UBL) – BUY 
Current Price: PKR 169.93
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

No comments:

Post a Comment