Recommendation for next week of PSX

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We expect the market to be positive in the upcoming week, given anticipation of FATF decision over expected exit of Pakistan from grey list. Moreover, with the ongoing result season, certain sectors and scrips are expected to stay under the limelight given anticipation of robust results.

Our preferred stocks are OGDC, PPL, MARI, MCB, FABL, MEBL, BAFL, LUCK, MLCF, FCCL, ENGRO, FFC, HUBC, PSO, HUMNL and SNGP. The KSE-100 is currently trading at a PER of 4.1x (2023) compared to Asia Pac regional average of 12.0x while offering a dividend yield of ~9.8% versus ~3.0% offered by the region.

Courtesy – AHL Research

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