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Tuesday, 9 October 2012

STOCK MARKET UPDATE: 10.10.2012



STOCK:
Karachi Stocks Up 99.30 Points:
KARACHI, Oct 10: The KSE-100 index was at 15787.54, up 99.30 points. (Today @ 11.26 am)


October 09, 2012
5 TOP GAINERS  &  LOOSERS:

UniLever Pak
Rs 195.00
Unilever Food
Rs (100.00)
Shezan international
Rs 19.14
Indus Dyeing
Rs (22.52)
Mithchells Fruit
Rs 17.80
Dreamworld
Rs (17.10)
Packages Ltd
Rs 6.69
National Foods
Rs (14.82)
Murree Brewery
Rs 4.90
Pak Gum & Chem
Rs (10.52)
Cement shares help index recover 36 points
KARACHI, Oct 9: Stocks curtailed its losses and ended higher on Tuesday as investors bought cement shares towards the end of the session on hopes of strong corporate earnings for quarter ended Sept 30 and better dispatches for the previous month, dealers said.
The KSE 100-index rose 0.23 per cent, or 36.23 points, to close at 15,688.24 points and recovered from its early losses when it hit its intra-day low at 15,587.83 points.
Volume fell again to 110.96 million shares, compared with 118.93 million shares traded on Monday. Trading value however increased to Rs4.26 billion from Rs3.98 billion the previous day and market capitalisation marginally increased to Rs3.96 trillion, compared with Rs3.95 trillion on Monday.
Investors remained cautious and were unlikely to take fresh position, which was reflected by a drop in the turnover as the market was hovering around its all-time high of 15,789 points hit last week. They will wait for the index consolidates around current levels, dealers said.
“Market started the day under pressure, however, there was a subsequent recovery in the index towards the end of the trading session with recovery led by the cement sector on expectation of healthy offtake numbers for September as one of the factors behind the rally,” said Ayub Ansari, analyst at AKD Securities Limited.
Most of the big cement companies attracted investor interest as DG Khan Cement was the volume leader and ended 4.8 per cent higher, Lucky Cement which was fourth in terms of number of shares traded closed up 3.9 per cent.The heavyweights from the energy sector also showed modest gains which helped the market to end in the green zone. Oil exploration and production companies were up mainly due to a rise in international crude oil futures amid growing tensions between Syria and Turkey and reduced North Sea oil output.
Foreign investors were extremely active in the market as they bought shares worth $6.41 million, compared with $72,090 on Monday, bringing their total to $18.71 million this month. Individuals were the major sellers of equity with $7.69 million.
The market capitalisation based KSE 30-index gained 0.32 per cent, or 42.21 points, to close at 13,139.90 points.
Out of the 329 companies traded, the value of 148 increased, 155 decreased, while 26 remained unchanged.
UniLever Pakistan witnessed the highest increase in share value as it gained Rs195 to Rs10,195 followed by Shezan International which was up by Rs19.14 to Rs402.01.
But Unilever Food saw the largest fall as it shed Rs100 to Rs3,400 followed by Indus Dyeing as it fell Rs22.52 to Rs428.15.
The list of top 10 volume leaders was topped by DG Khan Cement which rose Rs2.21 to Rs50.90 on turnover of 11.14 million shares, KESC gained 9 paisa to Rs5.47 on 8.84 million shares and Nishat Mills ended 78 paisa higher to Rs59.24 on 6.05 million shares.
Lucky Cement increased by Rs3.98 to Rs137.79 on 5.42 million shares, Nishat Chunian up Rs1.22 to Rs26.05 on 4.79 million shares and Quice Food gained 87 paisa to Rs13.55 on 4.61
million shares.

Jahangir Siddiqui Co ended 22 paisa higher at Rs13.76 on 4.26 million shares, PTCLA fell 10 paisa to Rs19.77 on turnover of 3.57 million shares and Telecard Ltd shed 11 paisa to Rs3.14 on 3.44 million shares.
Dost Steels Ltd gained Rs1 to end at Rs4.77 on turnover of 2.98 million shares.

Company news:
Pakistan Petroleum Limited: Pakistan Petroleum Limited (PPL) won the Best Corporate Report Award (BCRA) in the Fuel and Energy sector for its Annual Report 2011.
The company stood first among five short listed organisations.
This is the sixth BCRA that PPL won.
Lucky Cement also received the Best Sustainability Report (BSRA) and the Best Corporate Report Awards 2011 and topped the list for BSRA and its Corporate Report topped in the cement and sugar category.

MOHAMMED SALEEM MANSOORI

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