DAILY STOCK MARKET UPDAT:26.09.2011

Stock  (Today Market Index down: 418.4 10.39PST)

 26.09.2011

Karachi Stocks Down 72.25 Points:
KARACHI, Sept 23: At close of trading, the KSE-100 index was at 11617.98, down 72.25 points.

September 23, 2011

TOP  5  SCRIPTS GAINERS AND LOOSERS:

UniLever Pak Ltd	Rs 119.26	Nestle Pakistan	Rs (50.45)
Siemens Pak	Rs 22.07	MCB Bank Ltd.	Rs (6.59)
Indus Dyeing	Rs 19.62	Indus Motor Co	Rs (4.54)
Al-Abbas Sugar	Rs 4.55	Attock Petroleum	Rs (4.27)
Wyeth Pakistan	Rs 4.44	National Refinery	Rs (4.17)

KSE 30 – Shares Index	Previous 11,198.80, Friday’s 11,096.16, minus 102.64 points.
KSE 100 – Shares Index	Previous 11,690.23, Friday’s 11,606.86, minus 83.37 points.
MARKET CAPITALIZATION	Previous Rs.3,082.361bn, Friday’s 3,060.233bn, minus 22.128bn.
VOLUME LEADERS	Fatima Fertiliser 10.670m, Fauji fertilizer 10.262m, J.S.& Co 9.786m,Lotte Pakistan 5.702m, National Bank 3.966m shares.
TOTAL VOLUME	79.298m shares
TOTAL	TONE:easy,total listed 638,actives 329,inactives 309,plus 102,minus 136,unchanged 91

KSE-index loses 81 points

KARACHI: The share market finished the weekend session on an easy note on renewed selling in most of the pivotals under the lead of oil sector followed by reports of fresh US threat of operational steps against the Haqqani network.
The KSE 100-share index suffered a fresh decline of 83.37 points at 11,606.86 on selling triggered partly by US threats and partly to weekend selling at the inflated levels on the blue chip counters.
Investors were worried over the US blame game on the ISI but and a firm stand taken by the government on the threats seemed to have added a new psychological depressant in stock trading heading for a major breakthrough, said a leading
analyst.
“The new episode on ties with the US signaled the panic exit of foreign investors who hastened to take profits in the oil sector in the index heavy base shares, notably OGDC, Pakistan Oilfields, Pakistan Petroleum, National Bank and Engro Corporation”,
he added.
But all was not with the broader market as some of the leading shares as well current favourites such as Fatima Fertiliser, Fauji Fertiliser Bin Qasim and some others came in for active local support and limited the market fall, some others said.
They said reports of higher quarterly working results by some of the leading companies are expected to lure investors back in the market again by the next week on the strength of basic positive market fundamentals.
Leading gainers were led by Siemens Pakistan and Unilever Pakistan, up Rs22.07 and 119.26, while Nestle Pakistan and MCB topped the losers, falling by Rs50.45 to 6.59.
Turnover figure showed a modest fall at 79.298m shares from the previous 83m shares as losers held a modest lead over the gainers at 136 to 102, with 91 shares holding on to the last levels.
The active list was led by Fatima Fertiliser, up 59 paisa at Rs17.77 on 11m shares followed by Fauji Fertiliser Bin Qasim, higher by 68 paisa at Rs56.11 on 10m shares, J. S. & Co, lower 36 paisa at 5.88 also on 10m shares, Lotte Pakistan, easy by 24
paisa at 12.23 on 6m shares, National Bank, off Rs1.41 at Rs46.04 on 4m shares, Bank AlFalah, steady by four paisa at 10.57 on 3m shares, and D. G. Khan Cement, off 51 paisa at 20.39 on 3m shares .
They were followed by Hub Power, lower by 36 paisa at Rs41.47 on 2m shares, Azgard Nine, lower 11 paisa at 5.03 also on 2m shares and Engro Corporation, sharply lower by Rs3.81 at 134.32 on 2m shares.
FUTURE CONTRACTS: Fauji Fertiliser Bin Qasim again came in for active support on reports of higher earnings, and was quoted higher by 62 paisa at Rs56.20 on a large volume of 2.329m shares followed by National Bank, easy by Rs1.37 at 46.21 on 0.986m shares and Engro Corporation, off Rs3.94 at 134.63 on 0.514m shares.
They were followed by Pakistan Oilfields, lower by Rs3.65 at 370.31 but on the other hand PSO came in for active support and rose by Rs3.94 at 249.75 on 0.282m shares.
DEFAULTER COS: Ravi Textiles led the list of actives, lower by four paisa at 0.86 on 0.102m shares followed by Japan Power, steady by one paisa at 0.95 on 33,022 shares and Service Fabrics, off 28 paisa at 0.12 on 26,000 shares. Others also fell where changed on stray selling.

Mohammed Saleem Mansoori