DAILY STOCK MARKET REPORT: 5th AUGUST,2011

Stock
Karachi Stocks Down 82.17 Points:
KARACHI, Aug 04: At close of trading, the KSE-100 index was at 11859.55, down 82.17 points.
August 4, 2011
5 TOP SCRIPTS GAINERS AND LOOSERS
Ferozsons Lab Rs 3.83 Nestle Pakistan Rs (80.10)
Shahtaj Sugar Rs 3.11 Uni Lever Pak Rs (22.40)
Shell Pakistan Rs 2.92 Bhanero Tex Rs (12.74)
Fasil Spinning Rs 2.70 Al-Ghazi Tractor Rs (8.45)
MCB Rs 2.56 Attock Petroleum Rs(4.82)

KSE 30 – Shares Index Previous 11,289.44, Thursdays’ 11,228.47, minus 60.97 points
KSE 100 – Shares Index Previous 11,941.72, Thursday’s 11,846.16, minus 95.56 poinyd
MARKET CAPITALIZATION Previous Rs.3,156.829bn, Thursday’s 3,132.377bn, minus 24.452bn
VOLUME LEADERS Lotte Pakistan 4.930m, National Bank 3.547m, J.S.& Co 2.979m, Hub-Power 2.329m, Nishat Mills 2.136m shares
TOTAL VOLUME 48.579m shares
TOTAL TONE:easy,total listed 638, actives 294, inactives 244, plus 73, minus 137, unc 84

Equities extend overnight losses
KARACHI, Aug 4: The share market on Thursday finished with an extended fall but unlike the previous session there were buyers at the dips on selected counters led by the institutional investors.
But the earlier attained resistance level of 12,004.55 could not be sustained as fresh selling in the leading base shares pushed the benchmark KSE 100-index further lower.
However, it ended well above the session’s low of 11,752.22 at 11,846.16 limiting the early loss to only 95.56 points and reflected that the worst may be over.Analysts said foreign selling was evident on the oil counter but it was not that aggressive as it had been during the last couple of sessions and stray covering purchases by the locals at the falling prices suggested that the panic created by some political statements on the city law and order situation was well absorbed.
“But the perception of peace in the city still appears to be an elusive goal and will largely depend on the government initiatives taken at the federal level,” they added.
Floor brokers said the weakness of the oil sector and some other blue chips weighed heavily against the underlying sentiment but hoped the activity is expected to be orderly by the next week as investors would be back in the market.
They said earning reports of some leading companies are due next week which could evoke a good bit of covering purchases and may put the market back on the rails.
Minus signs again dominated the list under the lead of Nestle Pakistan and Unilever Pakistan, off Rs80.10 and Rs22.40, while hereto inactive shares, Ferozsons Lab and Shahtaj Sugar were leading among the gainers, up Rs3.83 and Rs3.11 respectively.
Traded volume rose to 48.580m shares from the previous 46.108m shares as losers maintained a fair lead over the gainers at
137 to 73, with 84 shares holding on to the last levels.
The active list was topped by Lotte Pakistan, easy by seven paisa at Rs11.69 on 5m shares followed by National Bank, off Rs1.70 at Rs49.19 on 4m shares, JS & Co, lower 33 paisa at Rs6.38 on 3m shares, Hub-Power, easy four paisa at Rs39 on 2m shares, Nishat Mills, off Rs1.85 at Rs43.24 on 2m shares, Fauji Fertiliser Bin Qasim, lower by three paisa at Rs46.07 also on 2m shares and NIB Bank, easy by four paisa at Rs1.31 on 2m shares.
They were followed by Arif Habib Corporation, off 41 paisa at Rs25.27 on 2m shares, Bank of Punjab, lower two paisa at Rs6.02 on 1.5m shares and Sui Southern Gas, off 23 paisa at Rs19.77 on 1.479m shares.
FUTURE CONTRACTS: National Bank came in for renewed selling and was marked further down by Rs1.63 at Rs49.70 on 0.523m shares followed by Engro Corporation, off Rs194 at Rs137.21 on 0.487m shares and Pakistan Oilfields, up by Rs1.10 at Rs356.35 on 0.405m shares.
They were followed by Attock Refinery, lower Rs1.46 at Rs119.33 on 0.388m shares and D.G. Khan Cement, easy one paisa at Rs22.07 on 0.383m shares.
DEFAULTER COMPANIES: Prices on this counter showed fractional rise under the lead of Japan Power, which was quoted higher by three paisa at Rs1.14 on 0.169m shares followed by Ravi Textiles, steady one paisa at Rs0.91 on 25,053 shares and Genertech Power, unchanged at Rs0.45 on 26,564 shares. Others were fractionally traded but mostly on the higher side.


Mohammed Saleem Mansoori