Pakistan Stock Exchange (PSX) Weekly Analysis 12 October, 2020

BUY recommendations are:  ACPL, APL, BAFL, BOP, EFERT, ENGRO, FATIMA, FFBL, FFC, FML, GATM, HBL, HMB, HUBCO, ICI, KAPCO, LOTCHEM, LUCK, MCB, MEBL, NBP, NCL, NCPL, NML, NPL, OGDC, POL, PPL, and UBL.


Top gainers of last week were: HBL, UBL, PSO, LUCK, HUBCO, UNITY, KOHC, ILP, KTML, PAEL, OGDC, PPL, and TRG.


Top losers of last week were: PTC, HASCOL, KEL, NATF, SERT, AGIL, COLG, NESTLE, and ABBOT.


Top volume leaders of last week were: HASCOL, UNITY, TRG, MLCF, and POWER.


The Pakistan Stock Exchange (PSX) market index Bulls staged a comeback at the stock market in the outgoing week. KSE-100 index closed on 40,798 by gaining 727 points or 1.82 %, while KSE-30 closed at 17,279 by gaining 300 points or 1.77%. 


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


  • Positive market activity was fuelled by a bullish spell in the global equity markets coupled with rising international oil prices
  • Banking, exploration and production and power were the main sectors that remained in the green
  • Sectors contributing to the performance included banks (+136 points), exploration and production (+88 points), power (+44 points), textile (+35 points) and auto (+35 points)
  • Traded value decreased to $73 million, down 24% and volumes came in at 359 million shares, down 25% compared to the previous trading session
  • Foreign institutional investors were net buyers of Rs67.4 million worth of shares during the trading session
  • The cement industry came up with all-time high cement dispatch numbers of 5. 21 million tonnes for September
  • Although the Coronavirus daily monitors have continued to remain at the edge of their seats, the infection ratio continues to remain low
  • The Roosevelt Hotel, owned by Pakistan International Airlines (PIA) in New York, on Friday, announced a permanent closure by the end of this month after suffering financial losses.
  • The National Electric Power Regulatory Authority (NEPRA) increased Rs. 0.83 per unit in the power tariff on Thursday
  • The Board of Directors of Loads Limited decided to invest PKR 3 billion in Hi-Tech Alloy Wheels Ltd
  • Government allowing Ministry of Finance to launch three international bonds to build up foreign currency reserves
  • Pakistan's trade deficit widening by 19.49%YoY to US$2.4bn for Sep'20

Following are few BUY recommendations:


Attock Cement Ltd. (ACPL) – BUY 

Current Price: PKR 164.62

Target Price: PKR 180.0


Attock Petroleum (APL) – BUY 

Current Price: PKR 345.06

Target Price: PKR 378.8


Amreli Steels Ltd. (ASTL) – BUY 

Current Price: PKR 42.59

Target Price: PKR 56.00


Bank Al-Falah (BAFL) – BUY 

Current Price: PKR 34.97

Target Price: PKR  51.00


Bank of Punjab (BOP) – BUY 

Current Price: PKR 9.25

Target Price: PKR 13.90


Engro Fertilizer (EFERT) – BUY 

Current Price: PKR 61.27

Target Price: PKR 73.0


ENGRO Corporation (ENGRO) – BUY 

Current Price: PKR 300.74

Target Price: PKR 331.10


Fatima Fertilizer (FATIMA) – BUY 

Current Price: PKR 28.74

Target Price: PKR 35.75


Fauji Fertilizer Bin Qasim (FFBL) – BUY 

Current Price: PKR 18.67

Target Price: PKR 30.0


Fauji Fertilizer Company (FFC) – BUY 

Current Price: PKR 107.39

Target Price: PKR 130.0


Feroze1888 Mills Ltd. (FML) – BUY 

Current Price: PKR 105.08

Target Price: PKR 112.4


Gul Ahmed Textile Mills (GATM) – BUY 

Current Price: PKR 38.57

Target Price: PKR 47.8


Habib Bank Limited (HBL) – BUY 

Current Price: PKR 136.00

Target Price: PKR 154.40


Habib Metropolitan Bank (HMB) – BUY 

Current Price: PKR 33.00

Target Price: PKR 45.70


HUB Power Co. (HUBCO) – BUY 

Current Price: PKR 79.25

Target Price: PKR 101.05


ICI Pakistan Ltd. (ICI) – BUY 

Current Price: PKR 709.63

Target Price: PKR 870.0


Kot Addu Power Co. (KAPCO) – BUY 

Current Price: PKR 27.15

Target Price: PKR 46.8


Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 

Current Price: PKR 11.90

Target Price: PKR 14.1


Lucky Cement (LUCKY) – BUY 

Current Price: PKR 654.95

Target Price: PKR 761.30


Muslim Commercial Bank (MCB) – BUY 

Current Price: PKR   176.45

Target Price: PKR 211.00


Meezan Bank Limited (MEBL) – BUY 

Current Price: PKR   81.90

Target Price: PKR 100.00


National Bank of Pakistan (NBP) – BUY 

Current Price: PKR 38.67

Target Price: PKR 45.60


Nishat Chunian Limited (NCL) – BUY 

Current Price: PKR 38.91

Target Price: PKR 47.5


Nishat Chunian Power Limited (NCPL) – BUY 

Current Price: PKR 13.50

Target Price: PKR 27.0


Nishat Mills (NML) – BUY 

Current Price: PKR 102.36

Target Price: PKR 134.8


Nishat Power Limited (NPL) – BUY 

Current Price: PKR 23.00

Target Price: PKR 31.1


Oil & Gas Development Co. (OGDC) – BUY 

Current Price: PKR 105.50

Target Price: PKR 156.9


Pakistan Oil Limited (POL) – BUY 

Current Price: PKR 384.98

Target Price: PKR 563.0


Pakistan Petroleum (PPL) – BUY 

Current Price: PKR 90.55

Target Price: PKR 143.40


United Bank Limited (UBL) – BUY 

Current Price: PKR 122.88

Target Price: PKR 138.68


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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