Pakistan Stock Exchange (PSX) Weekly Analysis 15 March, 2020

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

Top gainers of last week were:  PIOC, CHCC, NCL, PAEL, SEARLE, and INDU.

Top losers of last week were: PPL, HBL, POL, BOP, MEBL, APL, FCCL, and ENGRO.

Top Volume Leaders of last week:  MLCF, FCCL, BOP, KEL, and HASCOL.

The Pakistan Stock Exchange (PSX) market index underwent gyrations largely from a trifecta of risks, including the opening salvo in global crude price war (Brent/Arab Light falling ~30%, recovering ~6%) initiated by Saudi Arabia following the breakdown of OPEC+ talks, spread of COVID-19 (flagged by the WHO as a global pandemic) and US$ jumping 3.2% against the PkR. The benchmark KSE-100 Index closed at 36,061 levels by losing 2159 points or 5.65%. While KSE-30 index closed 16,017 by losing 1368 points or 7.87 %.

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


  • Prices for crude oil tumbled as much as 23% after Saudi Arabia launched a price war with Russia, sending already jittery investors fleeing for the safety of bonds and the yen
  • The Chief of Army Staff on Thursday urged all concerned parties to gear up preparations to counter the coronavirus, a statement issued by the Inter-Services Public Relations (ISPR) said that the situation with regard to COVID-19 and the preventive measures taken by the Pakistan Army were discussed
  • Investors were also cautiously optimistic over expectations of a cut in interest rate, keeping in view decline in inflation
  • Participation ticked up as average volumes increased 9% week-on-week to 264 million while average value traded jumped 25% to $81 million
  • Foreign selling continued this week clocking-in at $23 million compared to a net sell of $16.7 million last week. Selling was witnessed in cements ($8.2 million) and exploration & production ($6.2 million)
  • On the domestic front, major buying was reported by insurance companies ($25.2 million) and banks/DFIS ($6 million)
  • Pakistan's Forex Reserves increased by USD 35.60 Million or 0.19% and the total liquid foreign reserves held by the country stood at USD 18,904.60 Million on Mar 06, 2020
  • The sale of cars in the country has increased from 10,095 units in January 2020 to 10,345 units in February this year, showing an increase of 2.47 percent
  • SBP data indicated that foreign investors have divested US$972mn from their investments in the government securities including Market Treasury Bills (T-Bills) during FY20 where cumulative divestment from T-bills during the first eleven days of March’20 stood at US$625mn 
  • The World Health Organization on Wednesday declared the novel coronavirus outbreak a pandemic adding that the virus has found a foothold on every continent except for Antarctica
  • The Lahore High Court has ruled that the financial institutions are not required to obtain a decree from banking court to sell mortgaged properties for recovering defaulted loans


Following are few BUY recommendations:

Allied Bank Ltd. (ABL) – BUY 
Current Price: PKR 87.72
Target Price: PKR 120.7

Attock Cement Ltd. (ACPL) – BUY 
Current Price: PKR 110.83
Target Price: PKR 142.6

Askari Bank (AKBL) – BUY 
Current Price: PKR 17.78
Target Price: PKR 28.4

Attock Petroleum (APL) – BUY 
Current Price: PKR 307.62
Target Price: PKR 433.0

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 34.49
Target Price: PKR 49.0

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 66.20
Target Price: PKR  85.30

Bank Al-Falah (BAFL) – BUY 
Current Price: PKR 43.02
Target Price: PKR  60.1

Bank of Punjab (BOP) – BUY 
Current Price: PKR 10.10
Target Price: PKR 15.8

Engro Fertilizer (EFERT) – BUY 
Current Price: PKR 59.52
Target Price: PKR 73.0

Engro Corporations (ENGRO) – BUY 
Current Price: PKR 289.62
Target Price: PKR 331.10

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 24.04
Target Price: PKR 35.75

Fauji Fertilizer Bin Qasim (FFBL) – BUY 
Current Price: PKR 15.93
Target Price: PKR 24.4

Fauji Fertilizer Company (FFC) – BUY 
Current Price: PKR 95.31
Target Price: PKR 130.0

Feroze 1888 Mills Ltd. (FML) – BUY 
Current Price: PKR 95.44
Target Price: PKR 133.9

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 139.32
Target Price: PKR 197.9

Habib Metropolitan Bank (HMB) – BUY 
Current Price: PKR 36.34
Target Price: PKR 47.19

HUB Power Co. (HUBCO) – BUY 
Current Price: PKR 82.60
Target Price: PKR 101.05

ICI Pakistan Limited (ICI) – BUY 
Current Price: PKR 663.49
Target Price: PKR 769.0

Interloop Limited (ILP) – BUY 
Current Price: PKR 51.51
Target Price: PKR 67.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1,053.13
Target Price: PKR 1,426.6

Kot Addu Power Co. (KAPCO) – BUY 
Current Price: PKR 20.30
Target Price: PKR 46.8

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 
Current Price: PKR 11.72
Target Price: PKR 23.0

Mari Petroleum Ltd. (MARI) – BUY 
Current Price: PKR   1,142.79
Target Price: PKR 1,501.8

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR   181.39
Target Price: PKR 224

Meezan Bank Limited (MEBL) – BUY 
Current Price: PKR 82.95
Target Price: PKR 115.80

Millat Tractors Limited (MTL) – BUY 
Current Price: PKR 631.96
Target Price: PKR 756.5

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 31.53
Target Price: PKR 54.3

Nishat Chunian Limited (NCL) – BUY 
Current Price: PKR 41.49
Target Price: PKR 47.5

Nishat Chunian Power Limited (NCPL) – BUY 
Current Price: PKR 13.50
Target Price: PKR 32.1

Nishat Mills (NML) – BUY 
Current Price: PKR 97.34
Target Price: PKR 134.8

Nishat Power Limited (NPL) – BUY 
Current Price: PKR 20.53
Target Price: PKR 37.5

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 104.18
Target Price: PKR 190

Pakistan Oilfields (POL) – BUY 
Current Price: PKR 289.81
Target Price: PKR 489

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 93.97
Target Price: PKR 171.9

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 158.49
Target Price: PKR 262.7

United Bank Limited (UBL) – BUY 
Current Price: PKR 141.83
Target Price: PKR 209.4

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