DAILY STOCK MARKET UPDATE: 20.01.2012

Stock

Karachi Stocks Down 26.92 Points:
KARACHI, Jan 19: At close of trading, the KSE-100 index was at 11520.80, down 26.92 points.

January 19, 2012

TOP  5  SCRIPTS GAINERS AND LOOSERS:

Nestle Pakistan	Rs 153.54	Rafhan Maize	Rs (60.49)
Unilever Pakistan.	Rs 73.12	Millat Tractors	Rs (4.85)
Linde Pakistan	Rs 4.00	Al-Ghazi Tractor	Rs (4.85)
ICI Pakistan	Rs 3.94	Mitchells Farms	Rs (4.81)
Indus Motors	Rs 3.19	Exide Pakistan	Rs (3.58)

KSE 30 – Shares Index	Previvous 10,641.23,points,Thursday’s 10,641.23,minus 40.28 points
KSE 100 – Shares Index	Previous 11,547.72,Thursday’s 11,515.59,minus 32/13 points
MARKET CAPITALIZATION	Previous Rs.2,998.901bn,Thursday’s 2,991.752bn,minus 6.149bn
VOLUME LEADERS	J.S.& Co 16.809m, Lafarge Pakistan 7.885m, Azgard Nine 5.991m, D.G.Khan Cement 5.599m, Fatima Fertiliser 5.409m shares.
TOTAL VOLUME	92.473m shares
TOTAL	TONE: Steady, total listed 638, actives 322, inactives 316,plus 123, minus 3, uncchanged 86

Equities fall 32 points on nervous trading

KARACHI, Jan 19: The shares market on Thursday took a technical breather as a section of investors took profits at the inflated levels but selling was well-absorbed, notably at dips.
The underlying sentiment was also a bit nervous owing to start of proceedings against the Prime Minister in contempt case in the Supreme Court as some of the weak holders unloaded, in part, their long positions awaiting the apex court ruling, some analysts said.
After having risen by over 500 points during the recent sustained run-up, the KSE 100-share index suffered a modest fall of 32.13 points at 11,515.59 on active profit-selling in some of the pivotals as compared to previous 11,547.72 points.
`It was again the weakness of the indexheavy OGDC, which dragged the entire market along with it in the minus column,` said a leading analyst Ahsan Mehanti. It ended with a sharp fall of Rs3.58 around 147.00 on a large volume of 1.113m shares.But the fact that the fact that the broader market performed again credible well reflects that selling was psychological rather than real, he said.
Another leading stock analyst Samar Iqbal said much of the activity remained confined to a second-liners, which indicates that leading investors are still in an upbeat mood and are holding on to the price line.
He said fresh increase in the volume figures showed investor confidence in the current market stance, although some of them sought refuge in the low-priced shares to avoid an undue risk.
Plus signs again dominated the list under the lead of Nestle Pakistan and Unilever Pakistan, up Rs153.64 and 73.12 while losers were led byRafhan Maize and Millat Tractors, off Rs60.49 and 4.85.
Traded volume further rose to 92.473m shares from the previous 84m shares as gainers held a lead over losers at 123 to 113, with 86 shares holding onto the last levels.
The active list was led by JS & Co, easy by 29 paisa at 5.16 on 16m shares followed by Lafarge Pakistan steady by nine paisa at 2.01 on 8m shares, Azgard Nine, firm by 16 paisa at 3.31 on 6m shares, DG Khan Cement, up 42 paisa at 20.62, also on 6m shares, Fatima Fertiliser, lower 62 paisa at 22.66 on 6m shares, National Bank, off 82 paisa at 41.29 on 5m shares and Lotte Pakistan, easy 13 paisa at 9.99 also on 5m shares.
They were followed by Fauji Fertiliser Bin Qasim, lower 23 paisa at Rs46.51 on 4m shares, Attock Refinery, up Rs1.93 at 111.65 on 3m shares, and Engro Corporation, off Rs1.53 at 102.25 also on 3m shares.
FUTURE CONTRACTS: National Bank led the list of actives, off Rs1.06 at 41.40 on 1.893m shares, followed by Fauji Fertiliser easy by 22 paisa at 46.69 on1.685m shares and Engro Corporation, lower by Rs1.74 at 102.47 on 1.374m shares.
They were followed by OGDC,sharply lower by Rs.3.58 at 147.05 on 1.113m shares,and D.G.Khan Cement,up 41 paisa at 20.69 on 0.931m shares.
DEFAULTER COs: Activity on this counter was slow amid alternate bouts of buying and selling. Dost Steels came in for selling at the higher levels and was marked down by two paisa at Rs1.20 on 9,512 shares.
Other actives were led by Quice Foods, unchanged at 3.30 on 6,238 shares and Genertech Power, up three paisa at Rs0.35 on 10,326 shares.

Mohammed Saleem Mansoori