DAILY STOCK MARKET REPORT: 12th AUGUST,2011

Stock

Karachi Stocks Up 4.48 Points:
KARACHI, Aug 12: The KSE-100 index was at 11269.43, up 4.48 points.

August 11, 2011

5 TOP SCRIPTS GAINERS  AND LOOSERS

Millat Tractors	Rs 27.20	Unilever Pakistan	Rs (119.44)
Attock Petroleum	Rs 16.67	Wyeth Pak Limited	Rs (49.00)
P.S.O.	Rs 9.88	Nestle Pakistan	Rs (31.37)
Shell Pakistan	Rs 7.96	OGDC	Rs (4.95)
Indus Motor Co	Rs 6.59	Pak Tobacco Co.	Rs (2.90)

KSE 30 – Shares Index	Previous 10,704.27, Thursday’s 10,720.71, plus 16.44 points
KSE 100 – Shares Index	Previous 11,311.29, Thursday’s 11,264.95, minus 46.34 points
MARKET CAPITALIZATION	Previous Rs 3,012.427bn, Thursday’s 3,001.744bn, minus 10.683bn.
VOLUME LEADERS	Fauji Fertiliser Bin Qasim 4.605m, Soneri Bank 4.484m, Lotte Pakistan 4.171m,National Bank 3.624m, Engro Corporation 2.616m shares.
TOTAL VOLUME	58.450m shares
TOTAL	TONE: mixed, total listed 638, actives 291, inactives 347, plus 114, minus 78, unchanged 99

Profit-selling halts recovery drive on KSE

KARACHI, Aug 11: The share market on Thursday turned mixed despite active follow-up support on selected counters as some of the index-heavy weights remained under pressure under the lead of OGDC.
The benchmark KSE 100-index ended the session with a fall of 46.34 points at 11,264.95, off from the early high of 11,312.12 on profit-selling in some of the leading base shares under the lead of OGDC.
Unlike the previous sessions, much of the activity, however, remained confined in the forward counter where Engro Corporation and Pakistan Oilfields came in for strong buying and finished with fresh smart gains but on the other hand leading bank shares, notably National Bank and MCB Bank remained under pressure.
But the broader market performed well on active follow-up support on the blue chip counters under the lead of Engro Corporation, Pakistan Oilfields and Attock Refinery on hopes of higher corporate earnings next week.
All roads may not have led to the oil counter but fresh smart rallies posted by Shell Pakistan, PSO, Pakistan Oilfields and Attock Petroleum reflect that investors including foreign ones are inclined to grab as much shares as they could around the
current levels as these scrips ensure enormous capital gains, some analysts said.
The market should have finished with an extended gain in terms of the index, but renewed selling in the index-heavy OGDC pulled it down from the early highs to finish in the minus column, they added.
Leading gainers were led by Millat Tractors and Attock Petroleum, up by Rs27.20 and Rs16.67, while losers were led by Unilever Pakistan and Wyeth Pakistan, off by Rs119.44 and Rs49.
Traded volume fell to 58.450m shares from the previous 68m shares but gainers held a comfortable lead over the losers at 114 to 78, with 99 shares holding onto the last levels.
The active list was led by Fauji Fertiliser Bin Qasim, up 61 paisa at Rs46.91 on 5m shares followed by Soneri Bank, unchanged at Rs4 also on 5m shares, Lotte Pakistan, steady by four paisa at Rs10.77 on 4m shares, National Bank, lower 42 paisa at
Rs45.11 on 4m shares, Engro Corporation, sharply higher by Rs6.20 at Rs135.77 on 3m shares followed by reports of higher earnings, Lucky Cement, up 51 paisa at Rs72.45 also on 3m shares and Nishat Mills, higher by Rs1.18 at Rs41.26 on 3m shares.
Other actives were led by JS & Co, firm by seven paisa at Rs6.03 on 2m shares, Pakistan Oilfields, higher by Rs4.21 at Rs343.27 also on 2m shares and Azgard Nine, easy five paisa at Rs4.85 also on 2m shares.
FUTURE CONTRACTS: Pakistan Oilfields, higher by Rs4.49 at Rs344.39 on 1.135m shares followed by Engro Corporation, up Rs6.19 at Rs136.36 on 0.778m shares and National Bank, easy by 54 paisa at Rs45.31 on 0.773m shares.
They were followed by Nishat Mills, higher by Rs1.15 at Rs41.43 on 0.770m shares and MCB Bank, easy by 10 paisa at Rs174.79 on 0.616m shares.
DEFAULTER COMPANIES: Sajjad Textiles came in for active support and was marked up by 45 paisa at Rs1.50 on 0.220m shares followed by Japan Power, steady one paisa at Rs1.10 on 19,003 shares and Invest Bank, firm by five paisa at Rs0.29 on 10,550 shares.

Mohammed Saleem Mansoori