STOCK MARKET UPDATE: 14TH OCTOBER,2011

Stock

Karachi Stocks Down 92.78 Points:
KARACHI, Oct 13: At close of trading, the KSE-100 index was at 11966.29, down 92.78 points.

October 12, 2011

TOP  5  SCRIPTS GAINERS AND LOOSERS:

UniLever Pakistan	Rs 78.33	Nestle Pakistan	Rs(170.76)
Bata Pakistan	Rs 26.31	P.S.O.	Rs (9.11)
Fazal Cloth	Rs 3.36	Pakistan Services	Rs (6.95)
Linde Pakistan	Rs 3.03	National Refinery	Rs (6.35)
Fauji Fertiliser	Rs 2.87	Attock Refinery	Rs (5.25)

KSE 30 – Shares Index	Previous 11,584.55, Thursday’s 11,507.30, minus 77.25 points.
KSE 100 – Shares Index	Previous 12,059.07, Thursday’s 11,966.29, minus 92.78 points.
MARKET CAPITALIZATION	Previous Rs.3,169.144bn, Thursday’s Rs 3,144.966bn, minus 24.178bn.
VOLUME LEADERS	Fatima Fertiliser 11.747m, PTCL 9.025m, Lotte Pakistan 8.903m, Fauji Fertiliser Bin Qasim 6.253m, Engro Corporation 4.830m shares.
TOTAL VOLUME	91.682m shares.
TOTAL	TONE:easy,total listed 638,actives 367,inactives 271,plus 104,minus 153,unchanged 110

Karachi Stock Exchange-share index falls by 92 points

KARACHI, Oct 13: The share market on Thursday fell from the recent higher levels on active selling in the leading oil shares triggered by rumours of a possible ban on oil exports to Afghanistan by the Oil Marketing Companies (OMCs).
Although there was no official word on the speculated ban, some well-informed sources having links in Islamabad unloaded a good part of their holding in the oil sector followed by some foreigners.
The KSE 100-share index at one stage fell to a session’s low of 11,944.25 points on panic-selling but managed to end well above it after having breached through the barrier of 12,000 points.
The leading base shares in oil sector, notably OGDC, PSO, Attock Petroleum, Shell Pakistan, Pakistan Oilfields, National Bank, Engro Corporation and some others were in the forefront of losers.
The net fall over the session was 92.78 points at 11.966.29 and indicated that more selling may be around if the rumours proved correct.
“I don’t think Pakistan may take such a big step in the developing situation,” said a leading stock analyst Ahsan Mehanti. “The recent US peace overtures with the Haqqani network tell a different story,” he added.
But he said market talk of foreign outflow of funds from the local market and decline in the global oil prices did affect the underlying sentiment.
Analyst Samar Iqbal said it was the relative strength of the fertiliser sector on hopes of higher payouts following by reports of higher earnings saved the market from a major shake out at least for the near-term.
However, he hoped that investors are expected to be back in the market even by tomorrow as possible ban on oil export to Afghanistan may not be around.
Minus signs led the market under the lead of Nestle Pakistan and PSO, off Rs170.76 and 9.11, while Unilever Pakistan and Bata Pakistan were among the top gainers, up by Rs78.33 and 26.31 respectively.
Traded volume further fell to 91.682m shares from the previous 118m shares as losers topped gainers by 153 to 104, with 110 shares holding on the last levels.
The active list was led by Fatima Fertiliser, up 99 paisa at Rs21.99 on 12m shares followed by PTCL, lower 26 paisa at Rs12.34 on 9m shares, Lotte Pakistan, easy 35 paisa at Rs12.54 also on 9m shares, Fauji Fertiliser Bin Qasim, steady by eight paisa at
Rs62.22 on 6m shares, Engro Corporation, off Rs2.84 at Rs142.51 on 5m shares, Arif Habib Corporation, higher by Rs1.46 at 30.85 also on 5m shares, and National Bank, lower by Rs2.44 at 46.43 on 4m shares.
They were followed by Engro Polymer, steady by seven paisa at Rs8.73 on 4m shares, D.G. Khan Cement, lower 53 paisa at Rs22.03 also on 4m shares and Fauji Fertiliser, sharply higher by Rs2.87 at Rs186.97 on 3m shares.
FUTURE CONTRACTS: Arif Habib Corporation led the list of actives, up by Rs1.48 at Rs31.27 on 1.861m shares followed by Engro Corporation, off Rs3.12 at Rs143.35 on 1.725m shares, Lotte Pakistan, easy 34 paisa at Rs12.63 on 1.409m shares.
Fauji Fertiliser Bin Qasim on the other hand came in for stray support and rose by seven paisa at Rs62.62 on 1.230m shares but National Bank came in for active selling and fell by Rs2.46 at Rs46.85 on 1.131m shares.
DEFAULTER COMPANIES: Active selling in Japan Power featured the trading on this counter, which fell by five paisa at Rs0.85 on 0.147m shares followed by Ravi Textiles, steady by nine paisa at Rs0.87 on 40,127 shares, Invest Bank, easy one paisa at Rs0.25 on 25,040 shares and Genertech Power, lower 14 paisa at Rs0.41 on 20,999 shares.

Mohammed Saleem Mansoori