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Sunday, 18 September 2011

DAILY STOCK MARKET UPDATE: 19.09.2011

Stock
Karachi Stocks Up 6.73 Points:
KARACHI, Sept 19: The KSE-100 index was at 11360.19up 6.73 points.
September 16, 2011

TOP  5  SCRIPTS GAINERS AND LOOSERS:
UniLever Pak
Rs 110.27
Rafhan Maize
Rs (5.07)
Siemens Pak
Rs 40.52
Pak Tobacco Co
Rs (2.29)
Bata (Pak) Ltd
Rs 32.75
Packages Limited
Rs (2.09)
Indus Dyeing
Rs 13.38
ZIL Limited
Rs (1.44)
Nestle Pakistan
Rs 10.75
Indus Ittehad
Rs (1.32)

KSE 30 – Shares Index
Previous 10,876.06, Friday’s 10,916.75, plus 40.69 points.
KSE 100 – Shares Index
Previous 11,302.22, Friday’s 11,353.46, plus 51.24 points.
MARKET CAPITALIZATION
Previous Rs.3,002.363bn, Friday’s 3,015.892bn, plus 13.529bn.
VOLUME LEADERS
Fauji Feertiliser Bin Qasim 5.552m, Lotte Pakistan 4.430m, Nishat Mills 3.093m,J.S.& Co 3.052m, Nishat Power 2.867m shares.
TOTAL VOLUME
46.700m shares
TOTAL
TONE:firm,total listed 637,actives 344,inactives 293,plus 153,minus 104,unchanged 87

KSE 100-index gains 51 points
KARACHI: The share market finished the weekend session on a higher note as investors continued to build-up long positions on dividend yielding stocks rather than opting for quick capital gains, reflecting a major change in their investment strategy.
“And that appears to be a positive development,” a leading stock analyst Faisal Abbas said, and added: “The inspiring force behind it was that corporate earnings reports are in line with the investors’ expectations.”
However, the weakness of the rupee against the dollar has raised many questions, including its impact on the foreign companies, notably Hub Power and some others.
The KSE 100-share index posted a fresh rise of 51.24 points at 11,353.46 as compared to 11,302.22 a day earlier as leading
base shares ended with fresh modest gains under the lead of leading oil and fertiliser shares.
“The local bourse in part also derived strength from the global markets, which seem to have stabilised after massive either-way turmoil a couple of weeks earlier,” said another leading analyst Ahsan Mehanti.
But below market expectations daily volumes did worry investors and until they improve well over 150m shares, the performance of the market will remain terribly poor though individual shares were credited with smart rallies in each session, he said.
Leading gainers were led by Unilever Pakistan and Siemens Pakistan, higher by Rs110.27 and 40.52, while losers, included Rafhan Maize and Pakistan Tobacco, lower by Rs5.07 and 2.29.
Traded volume fell further to 46.700m shares from the previous 54m shares but gainers held a comfortable lead over the losers at 153.104, with 87 shares holding on to the last levels.
The active list was led by Fauji Fertiliser Bin Qasim, steady by 69 paisa at 53.44 on 6m shares followed by Lotte Pakistan, firm seven paisa at Rs12.87 on 5m shares, Nishat Mills, up 47 paisa at Rs47.73 on 3m shares, J.S. & Co, firm by 20 paisa at 5.90 also on 3m shares, Nishat Power, higher by 41 paisa at 14.06 also on 3m shares, PICIC Investment Fund, higher by 11 paisa at 6.54 on 2m shares, and Fatima Fertiliser, steady by nine paisa at 17.37 on 1.647m shares.
They were followed by National Bank, easy by three paisa at 44.57 on 1.497m shares, Arif Habib Corporation, off 66 paisa at 27.02 on 1.480m shares and Azgard Nine, lower one paisa at 5.02 on 1.416m shares.
FUTURE CONTRACTS: Fauji Fertiliser Bin Qasim also led the list of actives on this counter followed by renewed support and was marked further higher by 67 paisa at Rs53.67 on 1.315m shares followed by National Bank, unchanged at 44.71 (highest Rs45) on 0.543m shares, and Nishat Mills, up 47 paisa at 47.92 on 0.416m shares.
They were followed by Engro Corporation, off 77 paisa at 133.48 on 0.370m shares and Attock Refinery, lower by Rs1.28 at 110.26 on 0.278m shares.
DEFAULTER COS: Bawany Sugar came in for active selling and led the list of actives, off 91 paisa at Rs8.56 on 0.633m shares followed by Japan Power, steady by five paisa at 1.07 on 15,450 shares and Quice Foods, higher by 94 paisa at 5.75 on 2,512 shares.
KSE calls it a green week
KARACHI: Karachi Stock Exchange (KSE) saw a bullish week with its benchmark 100-Index crossing 11,300 points mark, Geo News reported.

Analysts say, though, the topsy-turvy week ending September 16, 2011 did start on a negative note but attractive corporate results propped up the market in the coming weekdays.

KSE-100 Index gained 172 points to close at 11,353 points at the end of the week.

Moreover, during the week, KSE-30 Index gained 205 points to reach 10, 917 points before the closing bell on the rollover day.

Average trading volume swelled by 1.8 percent to 47 million shares.

Fauji Fetilizer Bin Qasim was the stock-under-spotlight for it changed most hands.
Karachi Stocks tail regional rise
KARACHI: Karachi Stock Exchange (KSE) ended higher Friday, taking cue from regional markets and as investors accumulated fertiliser shares such as Fauji Bin Qasim (FFBL) on hopes of strong corporate results.

The KSE benchmark 100-share index closed 0.45 percent, or 51.24 points, higher at 11,353.46 on turnover of only 46.7 million shares.

"Optimism about healthy earnings and handsome payout in FFBL kept its share price upward and it increased by more than 1.4 percent," said Samar Iqbal, dealer at Topline Securities Ltd.

FFBL rose 1.5 percent at 53.54 rupees. (Reuters)

Mohammed Saleem Mansoori


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