DAILY STOCK MARKET UPDATE: 01.02.2012

Stock

Karachi Stocks Down 8.10 Points:
KARACHI, Jan 31: At close of trading, the KSE-100 index was at 11874.91, down 8.10 points. 

January 31, 2012

TOP  5  SCRIPTS GAINERS AND LOOSERS:

Indus Dyeing	Rs 14.40	Nestle Pakistan	Rs (50.91)
National Refinery	Rs 6.13	Clariant Pakistan	Rs (6.66)
Atlas Battery	Rs 4.28	Al-Ghazi Tractor	Rs (3.93)
Indus Motors	Rs 3.99	Atlas Honda	Rs (2.88)
Attock Refinery	Rs 3.35	Tri-Pack Films	Rs (1.95)

KSE 30 – Shares Index	Previous 11,170.50,Tuesday’s 11,172.94,plus 2.44 points
KSE 100 – Shares Index	Previous 11,883.01,Tuesday’s 11,874.89,minus 8.12 points
MARKET CAPITALIZATION	Previous Rs.3,085.506bn,Tuesday’s 3,083.280bn,minus 2.226bn
VOLUME LEADERS	J.S.& Co 6.229m, Azgard Nine 4.127m, Fauji Fertiliser 3.284m, Fauji Fertiliser Bin Qasim 3.254m, D.G.Khan Cement 2.670m shares
TOTAL VOLUME	60.176m  shares
TOTAL	TONE:easy,total listed 638,actives 321,inactives 317,plus 98,minus 117, unchanged 106

Stocks extend overnight losses

KARACHI, Jan 31: The stock market on Tuesday resisted larger fall but there were no signs of revival of bull support as much of the activity remained confined to the low-priced shares.
A cash dividend plus bonus shares at the rate of 52.50 per cent and 50 per cent respectively (previous cash 200 per cent and bonus 50 percent)by urea giant Fauji Fertiliser was on
the lower side as compared to previous year but did not trigger hasty selling in its share.
The KES 100-share index, however, limited the daily fall to a modest total of 8.12 points as some of the leading base shares attracted modest support at the lower levels but ended well below the session’s high of 11,975.94 at 11,874.89.
The early run-up to the peak level was attributed to institutional and speculative support on some of the blue chip counters, having a big weightage in the benchmark index but late reaction was caused by profit-taking at the higher levels.
Analysts said foreign support was again shy while local investors were planning to resume covering purchases on some of the risk-free shares having potential of capital gains after the market is back on the rails.
“Some positive reports from the judicial and political front though has eased the current tension between the major state organs, investors are still in two minds about taking fresh positions,” they said.
But nobody could deny the fact that the market is in an oversold position owing to persistent decline and could react to its technical demand any session, they added.
Some of the leading shares, notably Attock Petroleum, Attock Refinery and National Refinery also came in for active support and limited the market fall.
Prominent gainers were led by Indus Dyeing and National Refinery, up by Rs14.40 and Rs6.13, while losers were led by Nestle Pakistan and Clariant Pakistan, off by Rs50.91 and 6.66 respectively.
Traded volume fell further to 60.176m shares from the previous 67m shares as losers held a lead over the gainers at 117 to 98, with 106 shares holding on to the last levels.
The active list was topped by JS & Co, firm by 27 paisa at Rs5.57 on 6m shares followed by Azgard Nine, steady by 24 paisa at Rs3.40 on 4m shares, Fauji Fertiliser, each by 13 paisa
at Rs186.95 on 3m shares.
D.G. Khan Cement, firm by 20 paisa at Rs23.19 also on 3m shares, Bank Alfalah, lower 16 paisa at Rs12.20 on 2m shares and Lotte Pakistan, easy by five paisa at 8.34 also on 2m shares.
They were followed by Pace Pakistan, firm by six paisa at Rs1.52 on 2m shares, Dewan Salman, lower 14 paisa at Rs1.29 also on 2m shares and Fatima Fertiliser, off 52 paisa at 21.94 on 2m shares.
FUTURE CONTRACTS: Fauji Fertiliser Bin Qasim led the list of actives, lower by 24 paisa at Rs46.43 on 0.968m shares followed by Engro Corporation, off Rs1.36 at Rs116.80 on 0.733m shares and Fauji Fertiliser, lower by 23 paisa at Rs188.30 on 0.692m shares. They were followed by Attock Refinery, up Rs3.01 at Rs121.49 on 0.560m shares and D.G. Khan Cement, firm by 16 paisa at Rs23.38 on 0.377m shares.
DEFAULTER COMPANIES: Most of the shares on this counter ended unchanged barring Climax Engineering, which was quoted higher by Re1 at Rs7.50 on 1,500 shares followed by Saritow Spinning, firm by five paisa at Rs1.55 on 3,525m shares.
But Service Fabrics led the list of most actives, up 15 paisa at Rs0.40 on 91,500 shares followed by Dost Steels, steady by eight paisa at Rs1.49 on 23,105 shares.

Mohammed Saleem Mansoori