DAILY STOCK MARKET UPDATE: 22.09.2011

Stock

Karachi Stocks Down 0.69 Points:
KARACHI, Sept 22: The KSE-100 index was at 11851.29, down 47.23.69 points.10.53PST

September 21, 2011

TOP  5  SCRIPTS GAINERS AND LOOSERS:

Nestle Pakistan	Rs 81.13	Nadeem Textile	Rs (3.59)
Unilever Pak Food	Rs 70.00	Ferozsons (Lab)	Rs (3.39)
Rafhan Maize	Rs 50.00	Agriautos	Rs (1.93)
Bata (Pak) Ltd	Rs 26.80	ZIl Limited	Rs (1.76)
Millat Tractors	Rs 14.82	PECO	Rs (1.60)

KSE 30 – Shares Index	Previous 11,055.55,Wednesday’s 11,366.55,plus 311.00 points
KSE 100 – Shares Index	Previous 11,522.88, Wednesday’s 11,851.98, plus 329.10
MARKET CAPITALIZATION	Previous Rs3,044.337bn, Wednesday’s 3,124.221bn,plus 79.884bn
VOLUME LEADERS	Fauji Fertiliser Bin Qasim 8.073m, National Bank 7.437m, Arif Habib Corpn 6.787m, Lotte Pakistan 6.759m, Fauji Fertiliser 6.689m shares.
TOTAL VOLUME	117.143m shares.
TOTAL	TONE: bullish, total listed 637, actives 356, inactives 281, plus 196, minus 84, unchanged 76

Karachi Stocks jump by 329 points

KARACHI, Sept 21: The KSE 100-share index on Wednesday soared by three per cent or 329.10 points on strong covering purchases in some of the index-heavy base shares amid rumours of half a per cent cut in the discount rate possibly in central bank’s next meeting. Volume figure hit six-month high at 117m shares.
The final finish at 11,851.98, which added Rs79.884 billion to the market capital at Rs3,124.221 billion, reflects that institutional and local investors are not inclined to miss the ride on the bandwagon, ensuring massive capital gains.
The market advance was again led by the index-heavy OGDC, followed by other leading base shares, notably Pakistan Petroleum, PSO, Pakistan Oilfields, National Bank, Engro Corporation, Fauji Fertiliser and some others.
The benchmark is steadily heading towards its next target of 12,000 points and indications are that it could stabilise around 12,500 points if all goes well with the basic market fundamentals, hopes a leading analyst Faisal Abbas of Rajabali Ali Husain & Company.
He said investors and brokerage houses literally celebrated the hefty rise of well above the 100m shares mark after several months amid hopes that the major breakthrough may be sustained in the coming sessions also.
Another analyst Ahsan Mehanti said although instances of foreign buying were lacking, bulk of the support remained confined to the oil sector for good reasons, too, at the still attractively lower levels.
“Most of the leading shares in the oil sector at the current levels, which ensure higher capital gains, and leading investors continued to build up long positions in most of them, accelerating the current bull-run”, he added.
Prominent gainers were led by Nestle Pakistan and Unilever Foods, up by Rs81.13 and 70, while top losers included Nadeem Textiles and Ferozsons Lab, off Rs3.59 and 3.39.
Traded volume soared to 117.143m shares from the previous 49m shares as gainers maintained a strong lead over the losers at 196 to 84, with 76 shares holding on to the last levels.
The active list was led by Fauji Fertiliser Bin Qasim up Rs1.50 at Rs55.26 on 8m shares, followed by National Bank, higher by Rs2.24 at Rs47.17 also on 8m shares, Arif Habib Corporation, firm by 89 paisa at 28.08 on 7m shares, Lotte Pakistan, steady
by five paisa at Rs12.85 also on 7m shares, Fauji Fertiliser, higher by Rs2.91 at Rs161.48 on 7m shares, and Bank AlFalah, up 78 paisa at 10.67 on 6m shares.
They were followed by D G Khan Cement, up 80 paisa at 21.32 on 5m shares, Bank of Punjab, steady by 18 paisa at 6.51 on 5m shares, PTCL, higher by 44 paisa at 11.64 also on 5m shares and Engro Corporation, sharply higher by Rs6.65 at 142.45 on 5m shares.
FUTURE CONTRACTS: Fauji Fertiliser Bin Qasim also led the list of actives on this counter, up Rs2.25 at 55.50 on a large volume of 1.735m shares followed by National Bank, higher by Rs2.25 at Rs38 on 1.615m shares and Engro Corporation, sharply higher by Rs6.60 at Rs141.13 on 1.511m shares.
They were followed by D G Khan Cement, higher by 91 paisa at 21.48 on 0.537m shares and Nishat Mills, up 59 paisa at Rs48.80 on 0.481m shares.
DEFAULTER COS: Active trading was also witnessed on this counter in sympathy with return of bull market in the ready section and prices generally ended higher fractionally.
Dadabhoy Cement led the list of actives, unchanged at Rs2 on a large volume of over 0.300m shares followed by Ravi Textiles, up four paisa at Rs0.90 on 28,479 shares followed by Invest Bank, also higher by the same amount at 0.30 on 20,243 shares and S.S. Oils, higher by one rupee at 5 on 12,000 shares.

 

Mohammed Saleem Mansoori