Daily Stock Market update: 23rd Dec,2011

Stock

Karachi Stocks Up 50.47 Points:
KARACHI, Dec 23: The KSE-100 index was at 11,356.57 up 49.19 points.(today 11.17 am)

December 22, 2011

TOP  5  SCRIPTS GAINERS AND LOOSERS:

UniLever Pak Ltd	Rs 146.93	Millat Tractors	Rs (9.04)
Nestle Pakistan	Rs 128.40	Al-Ghazi Tractor	Rs (9.03)
Siemens Pak	Rs 37.23	Indus Dyeing	Rs (5.40)
Wyeth Pak Limited	Rs 37.13	P.S.O.	Rs (2.82)
Engro Corporation	Rs 4.33	Pak Oilfields	Rs (2.79)

KSE 30 – Shares Index	Previous 10,308.09, Thursday’s 10,360.69, plus 52/60 points
KSE 100 – Shares Index	Previous 11,268.55, Thursday’s 11,306.10, plus 37.55 points
MARKET CAPITALIZATION	Previous Rs.2,922.213bn, Thursday’s 2,932.983bn,plus 10.770bn
VOLUME LEADERS	Engro Corporation 5.152m, Fatima Fertiliser 3.354m, Fauji Fertiliser 2.376m,Hub-Power 2.159m, Fauji Fertiliser 1.958m shares..
TOTAL VOLUME	33.212m shares.
TOTAL	TONE: steady, total listed 638, actives 288, inactives 350, plus 119, minus 72, unchanged 97

KSE Index recovers 37.55 points at 11,306

KARACHI, Dec 22: The shares market on Thursday shrugged off the overnight hesitancy and was back on the rails aided by active short-covering in most of the pivotals under the lead of fertiliser sector.
Some positive political developments, notably reports that the president is back in Islamabad and has resumed his official duties, was another positive development, ending uncertainty amid various rumours, analysts said.
A sharp recovery of well 37.55 points, which pushed it up well above the chart point of 11,000 reflected that investors may have taken the cue of the future share business outlook and resumed year-end buying.
The benchmark ended the session at 11,306.10, up 37.55 points as compared to 11,268.55 a day earlier as leading base shares have resumed their recovery drive.
The rally was led by the hereto massively battered Engro Corporation followed by reports of price rise of Rs100 per bag by its management and it was actively followed by Fauji group of fertilizer companies and Fatima Fertiliser.
“I presume the presence of foreign interest on selected counters at the current lower levels, notably on the oil counter,” speculates a leading stock analyst Samar Iqbal. “It may be technical covering purchases but many may not rule out its presence though on a modest scale.”
But the market advance was again led by the fertiliser sector despite reports of guess cess, fall in production and reports of closure of some of the units, another analyst Ashan Mehanti observes.
“The fertiliser sector seems to have assumed the role of a market trend-setter on the pattern of oil counter,” he said. But interestingly it was despite its small size as compared to the oil giants, which dominated the group, he added.
Leading gainers were led by Unilever Pakistan and Nestle Pakistan, up Rs146.93 and 128.40, while losers were led by Millat and Al-Ghazi Tractors, off Rs9.04 and 9.03, respectively.
Traded volume fell further to 33.212m shares from the previous 47m shares but gainers held a lead over the losers at 119 to 72, with 97 shares remaining unchanged at their previous levels.
The actively was topped by Engro Corporation, up by Rs4.33 at 98.54 on 5m shares followed by Fatima Fertiliser, firm by 35 paisa at 23.17 on 3m shares, Fauji Fertiliser, higher by Rs1.92 at 154.35 on 2.378m shares, Hub-Power, steady by eight paisa at 34.58 on 2m shares, Fauji Fertiliser Bin Qasim, higher by 48 paisa at 47.59 on 2m shares, Lotte Pakistan, higher by 33 paisa at 9.67 on also on 2m shares, and Japan Power, steady by two paisa at 0.67 on 2m shares.
They were followed by JS & Co, unchanged at 4.19 on 1.406m shares, Attock Refinery, up 30 paisa at 110.08 on 1.053m shares and National Bank, up 51 paisa at 41.19 on 0.867m shares.
FUTURE CONTRACTS: Engro Corporation also led the list of actives on this counter and was marked up by Rs4.22 at 98.76 on 1.855m shares followed by Fauji Fertiliser, higher by Rs2.02 at 154.92 on 0.805m shares and Fauji Fertiliser Bin Qasim, steady by 41 paisa at 47.62 on 0.495m shares.
National Bank followed them, up 48 paisa at 41.26 on 0.323m shares and Attock Refinery, firm by 25 paisa at 110.44 on 0.248m shares.

Mohammed Saleem Mansoori