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Monday, 5 September 2011

DAILY STOCK MARKET REPORT: 6th September,2011



Stock

Karachi Stocks Up 86.12 Points:
KARACHI, Sept 05: At close of trading, the KSE-100 index was at 11156.70, up 86.12 points.

05 September, 2011

5 TOP SCRIPTS GAINER  AND LOOSER

Uniliver Foods
Rs 83.13
Nestle Pakistan
Rs (172.84)
Colgate Palmol
Rs 17.66
UniLever Pak
Rs (156.10)
National Refinery
Rs 6.93
Rafhan Maize XD
Rs (145.55)
Millat Tractors
Rs 6.03
Indus Motor Comp
Rs (3.99)
Engro Corpor
Rs 5.96
New Jubilee Ins
Rs (2.45)


KSE 30 – Shares Index
Previous 10,545.99, Monday’s 10.676.89, plus 130.90 points
KSE 100 – Shares Index
Previous 11,070.58, Monday’s 11,162.39, plus 91.81 points
MARKET CAPITALIZATION
Previous Rs2,934.922bn, Monday’s Rs2,956.460bn, plus Rs21.538bn
VOLUME LEADERS
National Bank 15.300m, Fauji Fertiliser Bin Qasim 6.138m, Lotte Pakistan 5.441m, Hub-Power 3.335m, Fatima Fertilser 3.233m shares
TOTAL VOLUME
74.192m shares
TOTAL
TONE: steady, total listed 637, actives 320, plus 146, minus 94, unchanged 80

KSE 100-share index gains 92 points
KARACHI, Sept 5: The stock market extended the previous bullishness as the post-Eid holiday session witnessed fresh robust rise of 91 points in the benchmark amid upper locks in some of the leading shares, which had been under pressure.
The KSE 100-share index added another 91.81 points to the previous level and consolidated well above the barrier of 11,000 at 11,162.39 points as compared to previous 11,070.58 points.
After an Eid Milan party in the KSE trading hall, both the leading brokers, fund managers and general investors resumed their normal activity on selective counters under the lead of National Bank and Engro Corporation, which had witnessed many a lower locks in the pre-Eid holiday sessions.
“There were more than one investor moral boosters,” said a leading stock analyst, Faisal Abbas at Rajabali Alihussin securities. “But the chief among them appears to be market talk of another half a per cent cut in the discount rate in the next central bank meeting and the perception of good days ahead”.
He said upper locks both in the banking giant National Bank and Engro Corporation at the current lower levels provided a major takeoff point for others to follow suit on other counters.The market still may have some psychological depressants but the perception of peace in the city is getting due consideration by the investors as was reflected by an increase in the volume figure.
Ashraf Zakaria, another leading analyst, hold the same view about the future share business outlook and hoped the current lower levels on most of the blue chip counter provide an attractive bait for the prospective investors.
“The economy may not be in a good shape”, he said and added that the perception of peace in the city being the chief worry of investors could significantly add to inherent strength of the market in the coming sessions.
How the foreign investors, some of whom are already in the market, will view the significant change in investor psychology could well play a leading role in the market`s future direction, another analyst Ahsan Mehanti said.
Plus signs again dominated the list under the lead of Unilever Foods, and Colgate Pakistan, up by Rs83.13 and 17.66, while among the top losers, Nestle Pakistan and Unilever Pakistan were leading, off Rs172.84 and 156.10, respectively.
Traded volume rose to 74.192m shares from the previous 53m shares as gainers held a strong lead over the losers at 146 to 94, with 80 shares holding on to the last levels.
The active list was topped by National Bank, up Rs1.79 at 38.76 on 15m shares followed by Fauji Fertiliser Bin Qasim, steady by 82 paisa at Rs51.30 on 6m shares, Lotte Pakistan, firm by seven paisa at 11.77 also on 6m shares, Hub-Power, up 77 paisa at 39.94 on 3.335m shares, Fatima Fertiliser, higher by 39 paisa at 16.69 on 3.233m shares, Engro Corporation, up Rs5.96 at 125.95 on 3m shares, and Nishat Power, off one rupee at Rs14.72 also on 3m shares.
They were followed by Nishat Mills, off Rs1.41 at Rs44.17 on 2.268m shares, Azgard Nine, steady eight paisa at 4.82 on 2.020m shares and Attock Refinery, off Rs1.92 at Rs115.48 on 2m shares.
FUTURE CONTRACTS: National Bank also led the list of actives on this counter, up Rs1.76 at Rs39.10 on a large turnover of 2.873m shares followed by Engro Corporation, higher by Rs5.94 at Rs124.90 on 0.824m shares and Fauji Fertiliser Bin Qasim, firm by 68 paisa at Rs49.42 on 0.757m shares.
They were followed by Attock Refinery, off Rs2.18 at Rs116.17 on 0.688m shares and Pakistan Oilfield, lower by Rs2.07 at Rs356.77 on 0.408m shares.
DEFAULTER COS: Easy conditions prevailed on this counter on renewed selling under the lead of Japan Power, easy by three paisa at Rs1.04 on 60,887 shares followed by Ravi Textiles, up five paisa at 0.86 on 44,591 shares and Genertech Power, lower by 14 paisa at 0.40 on 21,054 shares.
Other actives were led by Dadabhoy Cement, up 16 paisa at 1.86 on 8,001 shares and Brothers Textiles, unchanged at 0.45 on 8,533 shares.

Mohammed Saleem Mansoori

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