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Monday, 19 September 2011

DAILY STOCK MARKET UPDATE: 20.09.2011

 
Stock
Karachi Stocks Up 27.16 Points:
KARACHI, Sept 20: The KSE-100 index was at 11383.80, up 27.16 points.


September 19, 2011

TOP  5  SCRIPTS GAINERS AND LOOSERS:
Service Industries
Rs 9.21
Colgate Pakistan
Rs (29.95)
Millat Tractors
Rs 8.85
Nestle Pakistan
Rs (19.99)
Indus Dyeing
Rs 7.80
Mari Gas
Rs (4.13)
P.S.O.
Rs 7.28
ZIL
Rs (2.25)
Attock Petroleum
Rs 6.67
Tri-Pack Films
Rs (2.06)

KSE 30 – Shares Index
Previous 10,916.75,Monday’s 10,933.67, plus 16.92 points
KSE 100 – Shares Index
Previous 11,363.46,Monday’s 11,356.64, plus 3.18 points
MARKET CAPITALIZATION
Previous Rs.3,015.892bn,Monday’s 3,015.198bn,minus 694m.
VOLUME LEADERS
Financai Credit & Investment 4.505m shares, Fauji Fertiliser Bin Qasim 2.952m, Arif Habib Corporation 1.824m, Fauji Fertiliser 1.600m,Lucky Cement,1.469m shares.
TOTAL VOLUME
31.165m shares
TOTAL
TONE: mixed, total listed 637, actives 338, inactives 299, plus 102, minus 155, uchanged 81


Stocks rise modestly in mixed trading

KARACHI, Sept 19: The share market on Monday turned mixed as investors played on both sides of the fence in the absence of fresh guiding factors and the local fund support.
But selective support emerged strong on a number of counters at the lower levels amid fractional either-way price changes and falling volume figure.
The KSE 100-share index, however, managed to finish with fractional rise of 3.18 points at 11,356.64, reflecting the strength of some leading base shares, Fauji Fertiliser, Pakistan Oilfields and some others.
The weakness of Engro Corporation, National Bank, Arif Habib Corporation and some other leading shares weighed against the underlying sentiment.
“At one stage all rounds seemed to be leading to Pakistan State Oil (PSO), on reports that the government is considering to issue bonds to settle the issue of pending circular Debt”, said a leading equity analyst Samar Iqbal.
The share value of PSO soared by Rs7.28 at Rs243.61 after the news, having a potential to rise further after the bonds were issued, he added.
He said the credible performance of oil and IPPs sector reinforced the investor perception that the oil sector alone could lead the market where it wants it to.
“The market appears to be in a consolidation phase after last two weeks sustained run-up”, another analyst Ahsan Mehanti said, and added: “I don`t think the run-up is overdone.”
He said local investors are awaiting the return of the foreign investors and hoped the extension of the current run-up, reflecting the strength of the oil sector.
Unlike the previous session, minus signs dominated the list under the lead of Colgate Pakistan and Nestle Pakistan, off Rs29.95 and Rs19.99 but on the other hand Service Industries and Millat Tractors managed to end with modest gains of Rs9.21 and Rs8.85 on stray support.
Traded volume fell to 31.165m shares from the previous 31m shares as losers held a comfortable lead over the gainers at 155 to 102, with 81 shares holding on to the last levels.
The active list was topped by Financial Credit & Investment, up 99 paisa at Rs6 on 5m shares followed by Fauji Fertiliser Bin Qasim, steady by 26 paisa at Rs53.70 on 3m shares, Arif Habib Corporation, easy 17 paisa at Rs26.85 on 2m shares, Fauji Fertiliser, up 64 paisa at Rs158.04 also on 2m shares, Lucky Cement, firm by three paisa at Rs73.67 on 1.469m shares, National Bank, lower 36 paisa at Rs44.21 on 1.105m shares, and Lotte Pakistan, easy 27 paisa at 12.60 on 1.103m shares.
They were followed by J.S. & Co, easy by six paisa at 5.84 on 0.878m shares, PSO, sharply higher by Rs7.28 at Rs243.61 on 0.813m shares and Bank of Punjab, up 16 paisa at 6.02 on 0.784m shares.
FUTURE CONTRACTS: Fauji Fertiliser Bin Qasim led the list of actives on this counter, up 29 paisa at Rs53.96 on 0.926m shares followed by National Bank, lower 38 paisa at Rs44.33 on 0.214m shares and Engro Corporation, off 97 paisa at Rs132.51 on 0.187m shares.
PSO followed them, sharply higher by over Rs7.73 at Rs244.92 on 0.168m shares and Pakistan Oilfields, firm by 65 paisa at Rs366.47 on 0.150m shares.
DEFAULTER COS:Barring Hyderi Construction, which came in for modest support and was quoted higher by 18 paisa at 0.55 on 37,630 shares, all other were fractionally traded under the lead of Japan Power, easy by five paisa at Rs1.02 on 4,509 shares and S. S. Oils, easy by one paisa at 4.50 on 3,500 shares. All others stayed dormant.


Mohammed Saleem Mansoori


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