Pakistan Stock Exchange (PSX) Weekly Analysis 9 November, 2020


Top gainers of last week were: POL, TRG, MEBL, BAFL, LOTCHEM, FFBL, and HMB.

Top losers of last week were: HBL, FFC, PTC, MUREB, APL, ANL, PAKT, GATI, and APL. 

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

The Pakistan Stock Exchange (PSX) market index recovered in the outgoing week with the bulls chasing bears out of the market. KSE-100 index closed on 40,732 by gaining 844 points or 2.11 %, while KSE-30 index closed on 17,082 by gaining 332 points or 1.98%.

According to experts of, following news have played vital role in Karachi Stock Market index movement:

  • Trading kicked off on a negative note on Monday as fears over outcome of the second wave of the Covid pandemic dented sentiments and uncertainty stemming from the US presidential elections
  • Expectations of another round of restrictions and lockdowns kept investors wary
  • The Consumer Price Index (CPI) clocked-in at 8.91% for October 2020, which was far below market expectations
  • Recovery in international equity markets and global oil prices also helped snap a four-session losing streak
  • Monthly cement sales touched a record high in October 2020 as mills dispatched 5.735 million tons to consumers
  • While the sales of petroleum oil products in Pakistan hit two-year high level of 1.7 million tons in October
  • The government’s efforts to resolve the circular debt issue - which has soared past Rs2,300 billion - also helped the index remain in the green zone
  • Participation crawled down as average volumes arrived at 368 million shares (down 21% week-on-week) while average value traded settled at $79 million (down 20% week-on-week)
  • Positive contributions came from commercial banks (203 points), oil and gas exploration companies (149 points), technology and communication (97 points), cement (74 points), and fertiliser (57 points)
  • Foreign selling continued this week clocking-in at $21.34 million compared to a net sell of $5.5 million last week
  • On the domestic front, major buying was reported by individuals ($5.37 million) and insurance companies ($3.63 million)
  • Government reduced prices of petrol, diesel by up to Rs1.57
  • World Bank projected 9% growth in remittances
  • Supreme Court dismissed petitions of GIDC judgment
  • ADB planned to give Pakistan $10 billion in fresh aid to Pakistan

Following are few BUY recommendations:

Attock Cement Ltd. (ACPL) – BUY 

Current Price: PKR 148.16

Target Price: PKR 180.0

Attock Petroleum (APL) – BUY 

Current Price: PKR 315.17

Target Price: PKR 378.8

Amreli Steels Ltd. (ASTL) – BUY 

Current Price: PKR 42.49

Target Price: PKR 56.00

Bank Al-Falah (BAFL) – BUY 

Current Price: PKR 35.26

Target Price: PKR  51.00

Bank of Punjab (BOP) – BUY 

Current Price: PKR 9.07

Target Price: PKR 13.90

Engro Fertilizer (EFERT) – BUY 

Current Price: PKR 65.62

Target Price: PKR 73.0

ENGRO Corporation (ENGRO) – BUY 

Current Price: PKR 304.78

Target Price: PKR 331.10

Fatima Fertilizer (FATIMA) – BUY 

Current Price: PKR 27.65

Target Price: PKR 35.75

Fauji Fertilizer Bin Qasim (FFBL) – BUY 

Current Price: PKR 25.80

Target Price: PKR 30.0

Fauji Fertilizer Company (FFC) – BUY 

Current Price: PKR 104.75

Target Price: PKR 130.0

Feroze1888 Mills Ltd. (FML) – BUY 

Current Price: PKR 105.20

Target Price: PKR 112.4

Gul Ahmed Textile Mills (GATM) – BUY 

Current Price: PKR 34.02

Target Price: PKR 47.8

Habib Bank Limited (HBL) – BUY 

Current Price: PKR 127.83

Target Price: PKR 154.40

Habib Metropolitan Bank (HMB) – BUY 

Current Price: PKR 37.55

Target Price: PKR 45.70

HUB Power Co. (HUBCO) – BUY 

Current Price: PKR 81.66

Target Price: PKR 101.05

ICI Pakistan Ltd. (ICI) – BUY 

Current Price: PKR 679.69

Target Price: PKR 870.0

Indus Motors (INDU) – BUY 

Current Price: PKR 1,220.05

Target Price: PKR 1,375.00

Kot Addu Power Co. (KAPCO) – BUY 

Current Price: PKR 52.80

Target Price: PKR 46.8

Lotte Chemical Pak Ltd. (LOTCHEM) – BUY 

Current Price: PKR 12.83

Target Price: PKR 14.1

Lucky Cement (LUCKY) – BUY 

Current Price: PKR 682.86

Target Price: PKR 761.30

Muslim Commercial Bank (MCB) – BUY 

Current Price: PKR   168.32

Target Price: PKR 211.00

Meezan Bank Limited (MEBL) – BUY 

Current Price: PKR   94.77

Target Price: PKR 100.00

National Bank of Pakistan (NBP) – BUY 

Current Price: PKR 40.45

Target Price: PKR 45.60

Nishat Chunian Limited (NCL) – BUY 

Current Price: PKR 38.02

Target Price: PKR 47.5

Nishat Chunian Power Limited (NCPL) – BUY 

Current Price: PKR 13.42

Target Price: PKR 27.0

Nishat Mills (NML) – BUY 

Current Price: PKR 89.68

Target Price: PKR 134.8

Nishat Power Limited (NPL) – BUY 

Current Price: PKR 22.00

Target Price: PKR 31.1

Oil & Gas Development Co. (OGDC) – BUY 

Current Price: PKR 94.53

Target Price: PKR 156.9

Pakistan Oil Limited (POL) – BUY 

Current Price: PKR 349.17

Target Price: PKR 563.0

Pakistan Petroleum (PPL) – BUY 

Current Price: PKR 84.87

Target Price: PKR 143.40

United Bank Limited (UBL) – BUY 

Current Price: PKR 111.56

Target Price: PKR 138.68

Thank you very much for reading this article.

NOTE: The information posted in this blog /forum ( is based on current affairs & investors point of view. There may be discrepancy in the ground realities. The information given in this blog /forum ( 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 (  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

1 comment:

  1. You are showing kapco current rate 52.80 rs when this happen :p