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Wednesday, 10 October 2012


Karachi Stocks Up 65.58 Points:
KARACHI, Oct 10: At the close of trading, the KSE-100 index was at 15753.82, up 65.58 points.
(Today Market is 122.31 Up @ 11.15 am)

October 10, 2012

Nestle Pakistan
Rs 200.00
Shezan international
Rs (20.10)
Colgate Palmolive
Rs 59.80
Mithchells Fruit
Rs (19.99)
Indus Dyeing
Rs 11.84
Atlas Battery Ltd
Rs (5.95)
Abbott Laboratory
Rs 8.02
Fazal Cloth Mill
Rs (5.35)
Packages Ltd
Rs 7.03
Mehmood Textile
Rs (5.05)
KSE 100-index hits fresh peak
KARACHI, Oct 10: Stocks hit a fresh highest ever level on Wednesday supported by buying in blue chip companies but early gains were trimmed due to selling in Hubco which led the market to close about 80 points below its intra-day high.The KSE 100-index rose 65.58 points, or 0.42 per cent, to end at 15,753.82. It made an all-time high at 15,830.17, compared to the 15,814.84 hit last week.
Volume rose to 132.83 million shares, compared with 110.96 million shares traded on Tuesday. Trading value increased to Rs4.87 billion from the previous day’s value of Rs4.26 billion. Market capitalisation stood at Rs3.96 trillion, compared with Rs3.95 trillion on Tuesday.
“Mixed sentiment was seen at stock market and focus remained on PTCL and Hubco as institutional selling was seen in Hubco while investors bought PTCL expecting higher profitability in PTCL after the implementation of ICH (International Clearing House),” said Samar Iqbal, a dealer at Topline Securities Ltd.
Hubco was also the volume leader followed by PTCL.
Dealer said sentiment was also lifted as international oil prices stayed close to a three-week high which led to bargain hunters accumulating energy heavyweights, such as Pakistan Oilfields and Oil and Gas Development Co Ltd, in anticipation of a further increase in prices.
POL, which is the most affected by international oil prices, rose Rs3.81 to Rs419.67 and OGDCL ended 9 paisa higher at Rs176.58.
“Stocks closed bullish with higher trades after Supreme Court approved draft letter in NRO Implementation case easing concerns for ongoing proceedings of government and the judiciary,” said Ahsan Mehanti from Arif Habib Corp.
Foreign investors indulged in profit booking as they sold shares a net worth $1.51 million, compared with net inflows of $6.41 million on Tuesday. Banks were the major buyers of equity with $4.64 million.
The market capitalisation based KSE 30-index shed 0.70 per cent, or 91.59 points, to close at 13,048.31 points.
Out of the 332 companies traded, the value of 126 increased, 173 decreased, while 33 remained unchanged.
Nestle Pakistan witnessed the highest increase in share value as it gained Rs200 to Rs5,200 followed by Colgate Palmolive, which was up by Rs59.80 to Rs1,290.
But Shezan International Unilever Food saw the largest fall as it shed Rs20.10 to Rs381.91 followed by Mitchell’s Fruit as it fell Rs19.99 to Rs380.01.
The list of top 10 volume leaders was topped by Hub Power which fell Rs1.23 to Rs45.47 on turnover of 14.54 million shares, PTCLA rose 3 paisa to Rs19.80 on 11.18 million shares and KESC gained 5 paisa to Rs5.52 on 7.68 million shares.
Fauji Cement gained 5 paisa to Rs6.36 on 6.82 million shares, Askari Bank rose 9 paisa to Rs15.67 on 6 million shares and Nishat Mills ended 38 paisa lower to Rs58.86 on 5.86 million shares.
Telecard Ltd marginally rose one paisa at Rs3.15 on 5 million shares, Pervaz Ahmed gained 15 paisa at Rs2.19 on 3.95 million shares and DG Khan Cement lost 75 paisa at Rs50.15 at 3.71 million shares. Nishat Chunian Power shed 29 paisa at Rs18.99 on 3.44 million shares.
KARACHI: The Karachi Stock Exchange (KSE) benchmark 100-share index ended 0.42 percent, or 65.58 points, higher at 15,753.82 on total volume of 132.83 million shares.
 KSE-100: Stocks closed higher on Wednesday with increased buying in major markets, dealers said.
"The market was a bit volatile today. It closed higher because of buying interest in fast moving consumer goods and financials," said a dealer.
In the currency market, the Pakistani rupee ended stronger at 95.43/95.63 compared to Tuesday's close of95.50/95.56 to the dollar.
Overnight rates in the money market ended higher at 9.90percent compared to Tuesday's 50 percent. (REUTERS)

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