DAILY STOCK MARKET UPDATE: 23.11.2011

Stock

Karachi Stocks down 28.59 Points:
KARACHI, Nov 23: The KSE-100 index was at 11738.41, down 28.59 points.  (today 12.10 P.M.)

November 22, 2011

TOP  5  SCRIPTS GAINERS AND LOOSERS:

Unilever Pakistan	Rs 37.30	Bata Pakistan	Rs (37.38)
Linde Pakistan	Rs 2.68	Nestle Pakistan	Rs (23.65)
Shell Pakistan	Rs 1.95	Indus Dyeing	Rs (19.00)
Security Paper	Rs 1.20	National Refinery	Rs (6.76)
Wazir Ali Ind	Rs 1.00	P.S.O.	Rs (5.29)

KSE 30 – Shares Index	Previous 11,192.96, Tuesday’s 11,045.87, minus 147.09 points
KSE 100 – Shares Index	Previous 11,894.79,Tuesday’s 11,767.00, minus 127.79 points
MARKET CAPITALIZATION	PreviousRs.3,093.288bn,Tuesday’s3,061.240bn,minus 32.048bn
VOLUME LEADERS	Fauji Fertiliser Bin Qasim 2,396m, Bank AlFalah 2.366m, Fatima Fertiliser 2.327m, Lotte Pakisstan 1.577m,National Banak 1.300m shares.
TOTAL VOLUME	28.368m shares
TOTAL	TONE: easy, total listed 638, actives 320, inactives 318, plus 73, minus 150, unchanged 97

Karachi Stocks lose 128 points at 11,767

KARACHI: Share prices on Tuesday maintained their downward drift under the lead of leading base shares as investors holding long positions sold in part to balance their inventories owing to the prevailing panic.
Market sources said there were more sellers than buyers even at the falling prices and on the blue chip counters under the lead of hereto trend setters on the perception of higher payouts.
The benchmark index shed another 127.79 points or 1.07 per cent, eroding over Rs32.00 billion from the market capital as blue chips fell sharply lower in the absence of support even at the dips.
Among the index heavy-weights, MCB, Fauji Fertiliser, National Bank, Engro Corporation and Fauji Fertiliser Bin Qasim were leading, which remained under active selling.
After having crossed the barrier of 12,000 points last week the benchmark seemed to have resumed its downward journey below 11,000 points level, said a leading stock analyst Ahsan Mehanti and added “it may maintain its technical course set by the leading market operators in the coming sessions also.
“For the last couple of months, the benchmark is moving either-way within range of about 200 points and rebounds after having touched the low below 11,000 points to above 12,000 point level,” he added “but staying above its face value most of the time reflects its relative strength general investor may or may not get any benefit from its movements.”
But another leading analyst Samar Iqbal says the market’s poor stance during the last couple of sessions reflects political uncertainty and heavy profit-selling in the overvalued fertiliser shares.
Minus signs again led the list under the lead of Bata Pakistan and Nestle Pakistan, off by Rs37.38 and 23.65, while notable gainers included Unilever Pakistan and Linde Pakistan, higher by Rs37.30 and 2.68.
Volume figure fell further lower to 28.368m shares as losers maintained a strong lead over the gainers at 150 to 73, with 97 shares holding on to the last levels.
The actives list was topped by Fauji Fertiliser Bin Qasim, off Rs1.58 at 58.04 on 3m shares followed by Bank Al Falah, easy by 14 paisa at 11.90 also on 3m shares and Fatima Fertiliser, lower 23 paisa at 22.78 on 2.327m shares, Lotte Pakistan, down 31 paisa at 10.32 on 2m shares, National Bank, off 82 paisa at 43.70 on 1.300m shares, NIB Bank, easy one paisa at 1.32 on 1.158m shares and JOV & Co, lower by eight paisa at 1.18 on 0.943m shares.
They were followed by Fauji Fertiliser, off Rs2.57 at 170.81 on 0.920m shares, MCB, lower by Rs1.83 at 157.69 on 0.896m shares and Engro Corporation, off Rs2.41 at 129.08 on 0.892m shares.
FUTURE CONTRACTS: Both the settlements of National Bank fell by 83 and 85 paisa at 43.79 and 44.24 on 1.026m and 0.824m shares respectively, Fauji fertiliser Bin Qasim also fell by Rs1.65 and 1.64 at 58.10 and 55.87 on 0.782m and 0.566m shares. Engro Corporation was marked down by Rs2.28 at 129.39 on 0.395m shares.
DEFAULTER COs: SS Oil led the list of actives on this counter, unchanged at Rs4 on 51,000 shares followed by Genertech Power, steady by seven paisa at 0.39 on 17,906m shares and Shahpur Textiles, firm by nine paisa at 0.25 on 10,001 shares.
Barring Dadabhoy Cement, which rose by seven paisa at 1.60 on 2,600 shares, all others were traded fractionally.

Mohammed Saleem Mansoori