DAILY STOCK MARKET UPDATE: 30.09.2011

Stock

Karachi Stocks Down 6.75 Points:
KARACHI, Sept 29: At close of trading, the KSE-100 index was at 11618.94, down 6.75 points.

September 29, 2011

TOP  5  SCRIPTS GAINERS AND LOOSERS:

Nestle Pakistan	Rs 116.32	UniLever Pak Ltd	Rs (48.06)
Rafhan Maize	Rs 58.09	Indus Dyeing	Rs (10.21)
Wyeth Pak Limited	Rs 32.61	Millat Tractors	Rs (6.36)
Siemens Pak	Rs 30.93	Shield Corporation	Rs (4.00)
Bata (Pak) Ltd	Rs 30.89	Sitara Chemical	Rs (3.59)

KSE 30 – Shares Index	Previous 11,139.45, Thursday’s 11,133.90, minus 5.55 points
KSE 100 – Shares Index	Previous 11,625.69, Thursday’s 11,642.46, plus 16.77 points
MARKET CAPITALIZATION	Previous Rs.3,068.534bn, Thursday’s 3,071.919bn, plus 3.385bn
VOLUME LEADERS	PTCL 14.935m, Fatima Fertiliser 8.962m, Lucky Cement 5.666m, Soneri Bank 3.475m, Lotte Pakistan 3.316m shares.
TOTAL VOLUME	80.556m shares
TOTAL	TONE: steady, total listed 638,actives 358, inactives 280, plus 141, minus 136, unchanged 81

Stocks manage modest gains

KARACHI, Sept 29: The share market on Thursday consolidated previous gains amid alternate bouts of buying and selling but the underlying sentiment remained uppishly inclined to active trading.
Unlike the previous sessions, price changes were mostly fractional even on the blue chip counters and confined to paisa, reflecting that investors are consolidating positions after having remained an active buyers during the last three sessions.
The benchmark posted a fresh modest increase of 16.77 points at 11,642.46, as some of the leading base shares, notably Lucky Cement on expectations of higher first quarter earnings and some other blue chips, notably Engro Corporation.
“After last two day’s upsurge of 3.2 per cent, share market stabilised around the higher levels,” a leading analyst Samar Iqbal said and added: “Instances of selling in the oil sector followed by fall in global prices limited the market upsurge.”
Some other current actives, notably fertilizer shares also came in for active profit-selling but leading cement shares came in for active short-covering at the lower level on reports of higher earnings, he said.
“Stocks maintained their winning streak for third session in a row aided partly by positive White House remarks, refusing to endorse the US army chief’s allegations on the ISI,” another leading analyst Ahsan Mehanti said.
The other supporting factor was India’s support to the Pakistan’s EU waiver package in WTO, a significant political development, which could significantly boost Pakistan’s foreign trade, he said.
Leading gainers were led by Nestle Pakistan and Rafhan Maize, up by Rs116.32 and 58.09, while losers were led by Unilever Pakistan and Indus Dyeing, off Rs48.06 and 10.21.
Traded volume was maintained on the higher side at 80.551m shares as compared to 87m shares a day earlier but gainers topped losers by 141 to 136, with 81 shares holding on to the last levels.
The active list was topped by PTCL, steady by eight paisa at Rs11.35 on 15m shares followed by Fatima Fertiliser lower 27 paisa at Rs18.38 on 9m shares, Lucky Cement, sharply higher by Rs2.39 at 74.95 on 6m shares, Soneri Bank, up 34 paisa at
4.74, Lotte Pakistan, easy 20 paisa at 11.76 on 3m shares, Arif Habib Corporation, firm by 25 paisa at 28.05 also on 3m shares, and D.G. Khan Cement, steady by 15 paisa at 20.13 on 3m shares.
They were followed by Fauji Fertiliser Bin Qasim, easy by 11 paisa at Rs57.61 on 3m shares, Nishat Mills, off 57 paisa at 47.89 on 2m shares and Engro Corporation, up Rs1.08 at 140.76 also on 2m shares.
FUTURE CONTRACTS: D.G. Khan Cement led the list of actives, up 18 paisa at Rs20.13 on a large volume of 2.134m shares, while its October settlement rose by 15 paisa at 20.40 on 2.113m shares, Engro Corporation followed, higher by Rs1.99 at Rs142.19 for its October delivery on 1.140m shares, and its September contract rose by Rs1.06 at Rs140.93 on 0.868m shares.
Fauji Fertiliser Bin Qasim fell by 34 paisa at Rs58.03 on 0.684m shares.

Mohammed Saleem Mansoori

DAILY STOCK MARKET UPDATE: 29.09.2011

Stock

Karachi Stocks Up 94.45 Points:
KARACHI, Sept 28: At close of trading, the KSE-100 index was at 11625.69, up 94.45 points.

September 28, 2011

TOP  5  SCRIPTS GAINERS AND LOOSERS:

UniLever Pak Ltd	Rs 80.00	Fazal Textile	Rs (14.70)
Nestle Pakistan	Rs 79.44	Sapphire Fiber	Rs (3.50)
Siemens Pak	Rs 36.50	Clover Pakistan	Rs (2.88)
Wyeth Pak Limited	Rs 30.85	United Brands	Rs (1.77)
Colgate Palmoli	Rs 27.30	Mari Gas	Rs (1.44)

KSE 30 – Shares Index	Previous 11,036.47, Wednesday’s 11,139.45, plus 102.98 points
KSE 100 – Shares Index	Previous 11,531.24,Wednesday’s 11,625.69, plus 94.45 points
MARKET CAPITALIZATION	Previous Rs.3,040.577bn,Wednesday’s 3,068.534bn,plus 27.957bn
VOLUME LEADERS	Fatima Fertiliser 11.533m, Bank AlFalah 8.124m, Fauji Fertiliser Bin Qasim 6.246m, Arif Habib Corpn 6.012m, Fauji Fertiliser 5.700m shares.
TOTAL VOLUME	87.381m shares
TOTAL	TONE: steady, total listed 638, actives 360, inactives 578, plus 154, minus 108, unchanged 98

Stocks recover 94 points on follow-up support

KARACHI, Sept 28: The stock market on Wednesday extended the overnight recovery on active follow-up support in oil and fertilizer shares but the underlying sentiment remained a bit nervous amid concerns over the future Pak-US political relations.
The KSE 100-share index posted a fresh rise of 94.45 points at 11,625,69 as leading base shares came in for renewed buying and were marked up under the lead of National Refinery, Pakistan Oilfields, Fauji Fertilizer, Engro Corporation and National Bank.
However, selective support mostly in patches emerged strong on technical grounds but remained confined to a few leading base shares, which contributed a fresh modest increase in the benchmark.
But some leading analysts were still in two minds about the future market outlook in the backdrop of talk of cut in US aid and conflicting reports about the US action against the Haqqani network.
“If the market could hold on to the fort in the developing situation, notably future relations with the US, it will be credited with its credible performance in most trying conditions”, they added.
Another leading section of investors, who thinks that the US could afford to lose an ally like Pakistan, remained active buyers at the dips on those counters, which ensure quick gains, said a broker.
But he said light daily volumes reflects that no one is inclined to go beyond specified limits and safe havens and played safe fully aware of the snap reaction.
Prominent gainers were led by Unilever Pakistan and Nestle Pakistan, up by Rs80 and 79.44, while losers, included Fazal Textiles and Sapphire Fibres, off Rs14.70 and 3.50.
Trading volume showed a modest increase at 87.381m shares from the previous 72m shares as gainers held a lead over the losers at 154 to 108, with 98 shares holding on to the last levels.
The active list was topped by Fatima Fertilizer, up 86 paisa at Rs18.65 on 12m shares followed by Bank AlFalah, firm by 40 paisa at 11.02 on 8m shares, Fauji Fertilizer Bin Qasim, up 76 paisa at Rs57.72 on 6m shares, Arif Habib Corporation, higher by 85 paisa at Rs27.80 also on 6m shares, Fauji Fertilizer, sharply higher by Rs3.70 at 161.92 on 6m shares, Lotte Pakistan, steady by 11 paisa at 11.96 on 6m shares, and Engro Corporation, sharply higher by Rs4.49 at 139.68 on 4m shares.
They were followed by J.S. & Co, steady by 16 paisa at 5.87 on 4m shares, National Bank, firm by 18 paisa at 45.37 on 3m shares and Azgard Nine, up 19 paisa at 5.01 on 2m shares.
FUTURE CONTRACTS: Fauji Fertiliser Bin Qasim led the list of actives, up 87 paisa at Rs58.37 on 1.210m shares followed by its September delivery, higher by 79 paisa at Rs57.81 on 0.963m shares.
Both Settlements of Engro Corporation rose by Rs4.67 and 4.57 for both the October and September at Rs141.20 and 139.87 on 0.831m and 0.689m shares, while Azgard Nine was quoted higher by 18 paisa at 5.01 on 0.622m shares.
DEFAULTER COS: The activity on this counter was a bit slow but prices showed fractional gains amid light volumes. Invest Bank was leading among them, unchanged at 0.25 on 40,469 shares.
Other actives were led by Dadabhoy Cement, up 31 paisa at 1.90 on 10,227 shares and Ravi Textiles, easy by one paisa at 0.85 on 8,185 shares.

 

Mohammed Saleem Mansoori

DAILY STOCK MARKET UPDATE:28.09.2011

Stock

Karachi Stocks Up 262.37 Points:
KARACHI, Sept 27: At close of trading, the KSE-100 index was at 11527.40, up 262.37 points.

September 27, 2011

TOP  5  SCRIPTS GAINERS AND LOOSERS:

UniLever Pak Ltd	Rs 107.60	Unliver Pak Food	Rs (42.88)
Nestle Pakistan	Rs 69.28	Indus Motors	Rs (7.59)
Rafhan Maize	Rs 25.00	Blessed Tex	Rs (4.65)
Siemens Pak	Rs 18.73	Shield Corporate	Rs (3.50)
Indus Dyeing	Rs 14.47	Mehmood Tex.	Rs (3.13)

KSE 30 – Shares Index	Previous 10,751.66,Tuesday’s11,036.47, plus 284.81 points
KSE 100 – Shares Index	Previous 11,265.03, Tuesday’s 11,531.24, plus 266.21 points
MARKET CAPITALIZATION	Previous Rs 2,972.744bn, Tuesday’s 3,040.577bn, plus 67.833bn
VOLUME LEADERS	Fauji Fertiliser Bin Qasim 8.487m, J.S. & Co 5.951m,Dewan Salamn 5.752m, National Bank 4.913m, Dewan Motors 4.439m shares.
TOTAL VOLUME	71.516m shares
TOTAL	TONE; steady, total listed 638, actives 352, inactives 93, plus 204, minus 55, unchanged 93

Stocks stage 266 points recovery

KARACHI, Sept 27: The stock market on Tuesday was back on the rails followed by strong covering purchases at the overnight lower levels on reports that the diplomacy is at work to defuse the tension with the US.
Analysts said a series of positive developments on the political front on the Haqqani network issue, notably the Saudi efforts, have reinforced investor confidence that the threatened US action may not be around.
“Most of the investors, both local and foreign who indulged in panic- selling a day earlier, were back in the market and lifted leading base shares under the lead of OGDC, Engro Corporation, National Bank, Pakistan Oilfields and some others.
The KSE 100-share index, which received a massive battering a day earlier recovered a good part of the overnight loss and was quoted recovered by 266.21 points or 2.36 per cent at 11,531.24, reflecting the strength of leading base shares.
“There may still be many slips between the lip and the cup but investors are pretty sure that the Saudi entry to defuse the prevailing tension may have the desired results,” most analysts believe.
The snap rally just at the heels of a massive overnight price erosions reflects that investors may not have two opinions about the future market trend, they added.
They said positive news from the corporate front would allow the market to sustain the rally as current lower levels ensure a lot of capital gains.
Top gainers were led by Unilever Pakistan and Nestle Pakistan, up by Rs107.60 and 69.28, while prominent losers included Unilever Foods and Indust Motors, off Rs42.88 and 7.59.
Traded volume suffered a modest fall at 71.516m shares from the previous 80m shares but gainers forced a strong lead over losers at 204 to 55, with 93 shares holding on to the last levels.
The active list was topped by Fauji Fertiliser Bin Qasim, higher by Rs2.37 at 56.96 on 9m shares followed by JS & Co, steady by 28 paisa at 5.71 on 6m shares, Dewan Salman, firm by 31 paisa at 2.11 also on 6m shares, National Bank, higher by Rs1.43 a 45.19 on 5m shares, Dewan Motors, steady by 70 paisa at 3.14 also on 5m shares, PTCL, up 39 paisa at 11.33 on 4m shares, and Lotte Pakistan, steady by 33 paisa at 11.85 also on 4m shares.
They were followed by Fatima Fertiliser, up 57 paisa at 17.79 on 3m shares, Bank Al-Falah, up 33 paisa at 10.62 on 2m shares and Engro Corporation, sharply higher by Rs6,23 at 135.19 also on 2m shares.
FUTURE CONTRACTS: The active list was led by both the settlements of Fauji Fertiliser Bin Qasin, up by Rs2.31 and 2.38 at 57.59 and 57.02 for October and the September respectively. Large volume of 1.870m and 1.779m was recorded in them.
They were followed by National Bank, up Rs1.33 at 45.23 on 0.990m shares, both settlements of Engro Corporation, up Rs6.26 and 6.34 at Rs135.49 and 136.53 for the maturing September and the newcomer October contracts respectively on 0.501 and 0.481m shares.
DEFAULTER COs: Active trading was also witnessed on this counter on active support at the lower levels, the most active among them being Invest Bank, steady by two paisa at Rs0.25 on 0.380m shares followed by Dewan Autos, firm by 17 paisa at 1.26 on 53,487 shares and Japan Power, up four paisa at 0.98 on 30,440 shares.
Brothers Textiles, Abdullah Shah Sugar and Dadabhoy Cement were also actively traded amid either-way movement.

World stocks soar

LONDON, Sept 27: Global stocks rallied for a second day running on Tuesday with huge advances in Europe on belief without much evidence that leaders are preparing a major response to the eurozone debt crisis.
In afternoon deals in London, the euro rose to $1.3610 from $1.3523 in New York late Monday. The dollar rose to 76.58 yen after 76.42 yen on Monday.
European shares rallied, with Paris CAC-40 index soaring 5.74 percent.
Frankfurt’s DAX jumped 5.3 per cent and London’s FTSE-100 index climbed 4.2 per cent.
Other European markets posted similarly strong gains, with Milan winning 4.9 per cent, Madrid 4.03 per cent, Amsterdam 4.52 per cent, Vienna 5.66 per cent, Swiss stocks 3.03 per cent and Lisbon 2.99 per cent.
On Wall Street, the Dow Jones Industrial Average leaped 2.33 per cent to 11,300.77 in midday trading. The broader S&P 500 rose 2.32 per cent to 1,189.97, while the tech-heavy Nasdaq Composite gained 2.24 per cent to 2,572.94.
The euro also rose against the dollar.—AFP

 

Mohammed Saleem Mansoori