DAILY STOCK MARKET UPDATE: 17.01.2012

Stock

Karachi Stocks Up 93.21  Points:
KARACHI, Jan 16: At close of trading, the KSE-100 index was at 11107.48, up 93.21 points. 

January 16, 2012

TOP  5  SCRIPTS GAINERS AND LOOSERS:

Millat Tractors	Rs 18.83	Bata (Pak) Ltd	Rs (34.34)
Unilever Pak Ltd.	Rs 13.11	Indus Dyeing	Rs (8.45)
Colgate Pakistan	Rs 9.91	Indus Motor Co.	Rs (5.12)
Al-Ghazi Tractor	Rs 8.62	Nestle Pakistan	Rs (4.99)
Shell Pakistan	Rs 4.95	Service Industries	Rs (4.53)

KSE 30 – Shares Index	Previous 10,176.24, Monday’s 10,272.96, plus 96.74
KSE 100 – Shares Index	Previous 11,014.46, Monday’s 11,112.65, plus 98.19 points
MARKET CAPITALIZATION	Previous Rs.2,866.557bn,Monday’s 2,890.629bn.plus 24.072bn
VOLUME LEADERS	Fauji Fertiliser Bin Qasim 3.985m, Fatima Fertiliser 3.346m, Fauji Fertiliser 2.066m, PTCL 1.899m, Arif Habib Corporation 1.001m shares.
TOTAL VOLUME	26.681m shares
TOTAL	TONE: steady, total listed 638, actives 305, inactives 333, plus116, minus 86, unchanged 103

Karachi Stocks extend weekend recovery

KARACHI, Jan 16: The shares market extended the weekend recovery on active follow-up support on selected counters, but the volume figure failed to expand to keep pace with increasing buying offers.
The benchmark posted a fresh rise of 98.19 points at 11,112.65 as compared to last weekend`s 11,014.46.
Proceedings of Supreme Court on NRO, notably its order directing the Prime Minister to appear in the court, triggered stray selling early, but financial support at the lower levels kept the market in a positive mood, most analysts observed.
But analyst Ahsan Mehanti said it again appeared to be the strength of the index heavy-weight OGDC, which carried the entire market along with it for the second session.
`An increase of Rs4 in its sharevalue reflects a rise of about 64 points in the benchmark as each rupee adds 16 points to it,` he said, adding `for the second session in a row OGDC is in strong demand at the current lower level.
He said it may not be supported by foreign support, but the current level is attractive enough for any prospective investor, both local and foreign, to have an eye on an attractive bait of capi-tal gains.
`News from the political front may not be that positive but the prevailing sanity has raised hopes that sailing may be smooth despite defiance here and there in between,` another leading analystSamar Iqbal said.
He said that hoping a major breakthrough at this stage appears to be an elusive goal as investors are in two minds about future direction of the market.
Leading gainers were led byMillat Tractors and Unilever Pakistan, up Rs18.83 and 13.11, while top losers included Bata Pakistan and Indus Dyeing.
Traded volume fell to 26.681m shares from the weekend`s 32m shares but gainers maintained astrong lead over the losers at 116 to 86, with 103 shares holding on to the last levels.
The active list was topped by Fauji Fertiliser Bin Qasim, up 47 paisa at Rs44.05 on 4m shares followed by Fatima Fertiliser, steady by eight paisa at 22.95 on 3.334m shares, Fauji Fertiliser, higher by Rs2.60 at 165.17 on 2m shares, PTCL, firm by 27 paisa at 10.52 on2m shares, Arif HabibCorporation, steady by 19 paisa at 27.82 on 1m shares, National Bank, easy 10 paisa at 42.19 on 0.960m shares and Lotte Pakistan, easy six paisa at 9.77 on 0885m shares.
They were followed by JS & Co, up 29 paisa at 4.29 on 0.851mshares, DG Khan Cement, up 20 paisa at 20.16 on 0.743m shares and SilkBank, lower five paisa at 1.67 on 0.723m shares.
FUTURE CONTRACTS: Fauji Fertiliser Bin Qasim again led the list of actives, higher by 47 paisa at Rs44.24 on 0.667m shares followed by Fauji Fertiliser, up Rs2.71 at 165.81 on 0.626m shares and National Bank, easy, lower 11 paisa at 42.40 on 0.227m shares. They were followed by Engro Corporation, up 55 paisa at Rs96.32 on 0.229m shares, and OGDC, sharply higher by Rs3.84 at 140.71 on 0.184m shares.
DEFAULTER COMPANIES: Dost Steel came in for active support but ended unchanged at Rs1.16 on 33,880 shares followed by Saritwo Spinning, higher by 32 paisa at 1.73 on 10,960 shares and IBL Modaraba, steady by three paisa at 2.43 on 5,000 shares.

Mohammed Saleem Mansoori