Best 05 Stocks to Buy in Pakistan Stock Exchange PSX April 2023
Best 05 Stocks to Buy in Pakistan Stock Exchange PSX April 2023
As 2023 approaches, it is important to stay informed about potential investment opportunities in the Pakistan Stock Exchange (PSX). Despite market volatility, knowledgeable investors can still find lucrative options. In this blog post, we will discuss how to navigate the top KSE100 stocks and market for Investing in 2023 and we will sort down the Best 05 Stocks to Buy in PSX in April 2023.
These are the Stocks that can help you earn in Long Term through Capital Gain. So if you’re looking for Quarterly or Annual based Dividend Income then these stocks might not be suitable one for you, but if your Goal is to play Long Term in Stock Market then hover through the List of Best 05 Stocks to Buy in PSX 2023.
KSE 100 Index Target for 2023 Our estimate for the KSE 100 Index target in 2023 is 44,740 points. This projection is based on a 12% earnings growth rate and an 8% dividend yield. Given the economic and political volatility in the market, we do not expect the rating of the indicator to be revised upwards.
Best 05 Stocks to Buy in Pakistan Stock Exchange PSX:
Here are the top five stocks to consider investing in 2023:
Mari Petroleum (MARI): Stock Price: Rs. 1510 Per Share
Mari Petroleum (MARI) – Target price of PKR 2,658 per share with a 76% upside from current market value. The company is expanding its exploration activities to increase overall production flow and is immune to large-scale litigation loans and provides protection against currency and oil price fluctuations.
Meezan Bank (MEBL): Stock Price: Rs. 96.30 Per Share
Meezan Bank (MEBL) – Target price of PKR 167 per share with a 73.40% upside from current market value. The bank is expected to demonstrate strong financial performance and stability amid the growing Islamic banking industry. It will continue to record high returns with an increase in interest rates in the future.
Attock Refinery (ATRL): Stock Price: Rs. 170.60 Per Share
Attock Refinery (ATRL) – Target price of PKR 313 per share with an 83.47% upside from current market value. Approval of the long-awaited refinery policy will be an important trigger for the company. Its focus on high-margin products protects it from possible shortages in demand.
The Hub Power (HUBC): Stock Price: Rs. 67.40 Per Share
The Hub Power (HUBC) – Target price of PKR 120 per share with a 78% upside from current market value. The stock presents a long-term, profitable growth story. It generates revenue from several sources including electricity production, coal mining, and energy exploration. The company has a strong position in the market and a wide customer base throughout Pakistan.
FFC (Fauji Fertilizer Company): Stock Price: Rs. 98.50 Per Share
FFC (Fauji Fertilizer Company) – target price of PKR 135 per share with a 37% upside from the current market value. This stock provides strong returns on investment through stable cash flow and dividends and offers protection against negative economic impacts and income from various subsidiary companies.
