DAILY STOCK MARKET UPDATE: 30.11.2011

Stock

Karachi Stocks Up 65.40 Points:
KARACHI, Nov 30: The KSE-100 index was at 11572.35, up 65.40 points.(Today 10.32 a.m.30.11.2011)

November 29, 2011

TOP  5  SCRIPTS GAINERS AND LOOSERS:

Unilever Pakistan	Rs 25.38	Nestle Pakistan	Rs (105.43)
Indus Dyeing	Rs 9.49	Siemens Pakistan	Rs (39.50)
Attock Petroleum	Rs 5.13	Bata Pakistan	Rs (33.55)
Colgate Pakistan	Rs 5.00	National Refinery	Rs (14.25)
Engro Corpn	Rs 4.15	Hinopak	Rs (3.89)

KSE 30 – Shares Index	Previous 10,745.34, Tuesday’s 10.764.72, plus 19.38
KSE 100 – Shares Index	Previous 11,494.15, Tuesday’s 11,506.95, plus 12.80 points
MARKET CAPITALIZATION	Previous Rs 2,993.547bn, Tuesday’s 2,996.548bn, plus 3.001bn
VOLUME LEADERS	Fatima Fertiliser 5,459m, Fauji Feretiliser Bin Qasim 4.365m, Fauji Fertiliser 2.193m, Attock Refinery 1.798m, Arif Habib Corpn 1.689m shares.
TOTAL VOLUME	37.386m shares
TOTAL	TONE: steady, total listed 638, actives 293, inctives 345, plus 109, minus 105, unchanged 79

KSE 100-share index recovers 12.80 points

KARACHI, Nov 29: The stock market on Tuesday staged a modest recovery as investors covered positions on oil and some other blue chip sectors ahead of the central bank meeting on Wednesday amid hopes of a fresh cut in the discount rate.
Analysts said investors appear to be a bit optimistic about a possible further downward revision in the rate after a series of demands by major trade bodies in Karachi and Lahore.
Some other positive developments, notably on the Nato attack front, resumption of gas supplies to the fertiliser sector and on top of them an oversold market attracted active short-covering in most of the blue chips, they added.
The KSE 100-share index recovered only 12.80 points at 11,506.95 after at one stage having dropped to a low of 11,426.50, reflecting the strength of leading shares in the oil sector.
Engro Corporation, which has been under pressure for the last couple of sessions, initiated the rally followed by reports of cut in recently increased urea price amid strong covering purchases at the lower levels followed by leading oil shares under the lead of OGDC and Attock group.
Floor brokers said that the reaction was genuine as in the conditions, such as Nato attack, investors mostly get jittery and get indulged in panic selling, but luckily the relative strength of the blue chip sectors confidentially absorbed the selling and put the market back on the rails.
But some others said a small rise in the benchmark reflects that the market is still unstable and a big push could only keep it in a positive mood owing to a flurry of negative news.
Among the top gainers, Unilever Pakistan and Indus Dyeing were leading, up Rs25.38 and 9.49, while losers were led by Nestle Pakistan and Siemens Pakistan, off Rs105.43 and 39.50, respectively.
Traded volume fell to 37.386m shares from the previous 46m shares but gainers held modest lead over the losers at 109 to 105, with 79 shares holding on to the last levels.
The active list was topped by Fatima Fertiliser, up 76 paisa at 22.95 on 6m shares followed by Fauji Fertiliser Bin Qasim, easy by 64 paisa at 54.43 on 4m shares, Fauji Fertiliser, off Rs2.21 at 165.47 on 2m shares, Attock Refinery, higher by Rs3.19 at 119.18 on 2m shares, Arif Habib Corporation, firm by 82 paisa at 28.87 also on 2m shares, Azgard Nine, steady by 13 paisa at 3.50 on 2m shares and Engro Corporation, higher by Rs4.15 at 127.24 on 1.434m shares.
They were followed by DG Khan Cement, up 50 paisa at 20.44 on 1.419m shares, National Bank firm by 15 paisa at 41.19 on 1.252m shares and Lotte Pakistan, easy two paisa at 9.78 on 1.094m shares.
FUTURE CONTRACTS:
The active list was led by Fauji Fertiliser Bin Qasim, lower by 55 paisa at 52.19 on 1.404m shares followed by Engro Corporation, higher by Rs4.13 at 126.83 on 0.831m shares, and Fauji Fertiliser, off Rs2.32 at 167.31 on 0.807m shares. They were followed by Attock Refinery, higher by Rs3.01 at 120.31 on 0.482m shares and National Bank, firm by 17 paisa at 41.61 on 0.314m shares.
DEFAULTER COs:
Taj Textiles led the list of actives, lower 17 paisa at 0.18 on 21,000 shares followed by Quice Foods, off 38 paisa at 3.62 on 17,523 shares and Genertech Power, up nine paisa at 0.37 on 9,500 shares.

Mohammed Saleem Mansoori