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Monday, 15 October 2012

STOCK MARKET UPDATE: 16.10.2012



STOCK:
Karachi Stocks Up 42.32 Points:
KARACHI, Oct 15: At the close of trading, the KSE-100 index was at 15736.53, up 42.32 points.
(Today Market is 36.91 Up @ 10.49 am)

October 15, 2012
5 TOP GAINERS  &  LOOSERS:

UniLever Pak
Rs 404.99
Siemens Pakistan
Rs (30.49)
Nestle Pakistan
Rs 225.71
Indus Dyeing
Rs (22.41)
Bata (Pak) Ltd
Rs 55.00
Colgate Palmolive
Rs (22.22)
Shezan international
Rs 20.47
Linde Pakistan
Rs (4.89)
Abbott Laboratory
Rs 9.80
Attock Cement
Rs (4.56)

Karachi Stocks gain 52 points, volume falls
KARACHI, Oct 15: Stocks ended higher on Monday despite selling in the energy sector as investors accumulated cement shares in anticipation of healthy corporate results due to be announced in the coming days.
The KSE 100-share index rose 0.34pc, or 52.69 points, to 15,746.90 points. Volume fell to 81.89 million shares, compared with 113.12 million shares traded on Friday.
Analysts attributed the fall in turnover due to the commencement of re-composition of the index into free-float methodology as it truly reflected the activity.
The free-float methodology is regarded as a better way of calculating market capitalisation as it provides a more accurate reflection of market movements.
Trading value stood at Rs3.03 billion, compared with Rs4.59 billion in the previous trading session but market capitalisation increased to
Rs3.96 trillion from Friday’s Rs3.94 trillion.

“Some recovery was seen at the local bourse mainly led by cement stocks. With free float index in place the overall volatility declined due to new weightages,” said Samar Iqbal, a dealer at Topline Securities.
Maple Leaf Cement and DG Khan Cement dominated Monday’s turnover and ended 63 paisa higher at Rs9.32 and 59 paisa higher at Rs50.98 respectively.
Topline Securities expect DGKC to post a profit of Rs1.1bn (EPS of Rs2.5) in the first quarter of 2012-13, compared to net earnings of Rs318m (EPS of Rs0.7) during same period last year. The estimates do not include any deferred tax impact and hence any change in tax may deviate earnings. EPS is expected to increase mainly due to a rise in cement prices.
“Exploration and Production sector did face some off-loading but presence of buyers at intervals restricted any major fall,” said Hasnain Asghar Ali, COO at Escorts Capital.
There was selling in the E&P sector following a fall in international oil prices on worries over weak global oil demand tempered positive Chinese and US data.
Oil and Gas Development Co Ltd ended 70 paisa lower at Rs175.89, Pakistan Oilfield fell Rs1.17 to Rs415.23 and Pakistan Petroleum Ltd shed 49 paisa to Rs174.49.Foreign investors bought shares worth a net $1.39 million, compared with $1.02 million on Friday, bringing the total net buying for this month to $23.09 million. Banks were the major sellers of equity with $2.44 million.
The market capitalisation based KSE 30-index gained 0.18 per cent, or 23.84 points, to close at 12,927.22 points.
Out of the 335 companies traded, the value of 155 increased, 153 decreased, while 27 remained unchanged.
UniLever Pakistan witnessed the highest increase in share value as it gained Rs404.99 to Rs9,941.66 followed by Nestle Pakistan Ltd which was up Rs225.71 to Rs5,500. But Siemens Pakistan saw the largest fall as it shed Rs30.49 to Rs725.51, followed by Indus Dyeing which Shed Rs22.41 to Rs426.58. The list of top 10 volume leaders was topped by Maple Leaf with turnover of 10.32 million shares, followed by DGKC which had a volume of 7.71 million shares and Fauji Cement ended flat at Rs6.32 on 6.14 million shares.
PTCL fell 2 paisa at Rs19.75 on 3.42 million shares, Sui North Gas rose 80 paisa to Rs25.11 on 2.95 million shares and Pace (Pak) Ltd closed 4 paisa lower at Rs3.19 on2.19 million shares.
Sui South Gas gained 11 paisa to Rs22.53 on 2.01 million shares, Engro Corp ended 81 paisa higher at Rs99.57 on 1.98 million shares and Telecard Ltd shed 2 paisa to Rs3.05 on 1.51 million shares.
Nishat Mills Ltd closed 20 paisa higher at Rs58.73 on turnover of 1.5 million shares.
MOHAMMED SALEEM MANSOORI

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