STOCK MARKET UPDATE: 04.05.2012

Stock

Karachi Stocks Up 162.12 Points:
KARACHI, May 02: At close of trading, the KSE-100 index was at 14152.50, up 162.12 points.

May 3, 2012

 5 TOP GAINERS  &  LOOSERS:

Unilever Pak	Rs 306.67	Island Textile	Rs (5.49)
Unilever Food	Rs 129.14	Ismail Industries	Rs (4.35)
Nestle Pakistan	Rs 30.45	Javedan Corp	Rs (3.62)
Bata (Pak)	Rs 17.06	Pak Gum	Rs (2.82)
Wyeth Pak	Rs 10.03	Pakistan Tobacco	Rs (2.20)

KSE 100-index shoots up by 277 points
KARACHI, May 3: Shares at the Karachi Stock Exchange (KSE) shot up at the opening bell and never turned around. The benchmark KSE-100 index soared 277.4 points or 2 per cent to close at 14,419.92 points.
Including the gains of 152.14 points the day earlier, the market scaled up 430 points, or three per cent, in the last two sessions. Foreigners were lead buyers for the second day running as they bought $5.12 million worth of shares on Thursday.
On Wednesday, net purchases made by foreigners were $8.18 million.
In the heat of the moment, shares climbed across-the-board with as many as 32 stocks hitting the upper circuit (maximum permitted daily increase of 5 per cent).
Samar Iqbal, equity dealer at Topline Securities, observed that bulk of the volume was witnessed in mid-cap stocks with PTCL followed by Lotte Pak, PTA and DGKC remaining in the limelight. In addition heavy-weight OGDC also gained Rs3 amid news flows regarding improved pricing of one of its major fields.
Ahsan Mehanti, analyst at Arif Habib Corporation said that the bullish activity continued at KSE in the pre-budget rally in stocks across the board with a record close on strong valuations.
Rise in local power tariff, higher global commodities and investors speculation ahead of a revised CGT announcement in the federal budget 2012-13 amid renewed foreign interest in oil and banking stocks played a catalyst role in bullish sentiments
at KSE.
The market witnessed buying euphoria, regardless of concerns over pending circular debt issues and increasing political noise.
The market value of all sha-res listed on the stock exch-ange (market capitalisation) rose by a hefty Rs110 billion to Rs3.684 trillion from Rs3.615 trillion the previous day.
The KSE-30 index comprising index-heavyweights rose 211.79 points to 12,578.11 points.
The stocks that gained value on Thursday stood at 247, way ahead of the declining 90 shares, the gain-loss ratio at 2.7 to 1.
Turnover also increased 20 per cent over the earlier day’s 246 million shares, to 294 million shares traded on Thursday.
Trading value jumped to Rs8.482 billion, from Rs6.213 billion.
While several analysts suggested caution at the dizzy height at which the benchmark had reached, the bulls were of the view
that rising stock prices on heavier turnover was a sign of a firm trend ahead.
The biggest gains were noted in UniLever Pak up by Rs306.67 to Rs6,706.67 and UniLever Foods rising by Rs129.14 to Rs2,712.08. Other high rising stock included Nestle Pakistan up by Rs30.45, Bata (Pak) was up by Rs17.06 and Wyeth Pak added Rs10.03 to its previous day value.
Losses were in tiny amounts with the biggest loss of Rs5.49 in Island Textile, which closed at Rs246.9, followed by Ismail Industries conceding Rs4.35 to Rs83.65. Other noticeable losers were Javedan Corporation that declined by Rs3.62, Pak Gum & Chemical shedding Rs2.82 and Pakistan Tobacco ceding Rs2.2.
Among the top 10 volume leaders save for KESC, at eighth place, which was down 39 paisa to Rs4.08 on 11 million shares, the rest of the nine finished in plus territory. PTCL with 26 million shares led the group with trading seen in 26 million shares, up 90 paisa to Rs14.42. It was followed by Lotte Pak adding 78 paisa to Rs9.32, D.G Khan Cement with 16 million shares in trading, rose by Rs1.57 to Rs43.41, Jah.Sidd.Co closed Re1 up to Rs16.93 on 14 million shares, Fatima Fertiliser
gained 90 paisa to Rs25.3 on 13 million shares.
JS Investments firmed up by 94 paisa to Rs11.56 on 12 million shares, Arif Habib Co up by Rs1.67 to Rs35.57 on 12 million shares, Bank Alfalah adding 42 paisa to Rs18.44 on 10 million shares and Azgard Nine up 12 paisa to Rs7.72 on 9 million
shares.

Foreign bulls bolster locals confidence at KSE

ISLAMABAD: Increased trading by foreign investors since Wednesday has boosted local confidence in the Karachi Stock Exchange, leading the index to close almost 2 percent up on Thursday, analysts said, ending at its highest level since May 2008. Foreign investors bought shares worth a net $8,177,045 on Wednesday according to the National Clearing Company of Pakistan. The Karachi Stock Exchange (KSE) benchmark 100-share index closed 1.96 percent, or 277.4 points, higher at 14,419.92 points, with a volume of 293.9 million shares. It hit an intra-day high of, 14,454.39. The previous high-point was May 13, 2008 when the KSE closed at 14,542.5. 'With foreign investors increasing their activity in the stock market, there was an injection of confidence and the

MOHAMMED SALEEM MANSOORI

KARACHI STOCK EXCHANGE-DAILY MARKET TREND: STOCK MARKET UPDATE: 03.05.2012

KARACHI STOCK EXCHANGE-DAILY MARKET TREND: STOCK MARKET UPDATE: 03.05.2012: Stock Karachi Stocks Up 162.12 Points: KARACHI, May 02: At close of trading, the KSE-100 index was at 14152.50, up 162.12 point...

STOCK MARKET UPDATE: 03.05.2012

Stock

Karachi Stocks Up 162.12 Points:
KARACHI, May 02: At close of trading, the KSE-100 index was at 14152.50, up 162.12 points.

May 2, 2012

 5 TOP GAINERS  &  LOOSERS:

Unilever Food	Rs 122.95	Bata (Pak)	Rs (31.58)
UniLever Pak Ltd	Rs 73.71	Siemens Pakistan	Rs (9.05)
Nestle Pakistan	Rs 41.69	Millat Tractors	Rs (8.65)
Wyeth Pak Ltd	Rs 19.08	Sanofi-Aventis	Rs (7.21)
Indus Motor Com	Rs 11.51	Pak Gum & Chem	Rs (2.92)

Karachi Stocks stage robust rally of 152 points
KSE-100 closes over 150 points (14142.52): ISLAMABAD: Pakistani stocks rose on Tuesday with selective buying by investors, while the market remained volatile because of political uncertainty in the country, dealers said.
The Karachi Stock Exchange (KSE) benchmark 100-share index closed 1.09 per cent, or 152.14 points, higher at 14142.52 points on turnover of 160.7 million shares.
Earlier in the day, the index reached an intra-day high of 14166.65.
Shares for the Karachi Electric Supply Company and Engro Corp led the surge.
“With Engro, there were rumours in the market that gas supply to its new urea plant will be resumed,” said Atif Zafar, a research analyst at the JS Global financial services company.


KARACHI, May 2: After a short breather on Monday, shares at the stock market continued their rising streak, gaining 152.14 points to close once again above the psychological barrier of 14,000 at 14,142.52 points on Wednesday.
Volume of business for the day shot up to 246m shares valued at Rs6.213bn, from Rs164m shares of trading value at Rs3.864bn on Monday.
Most equity strategists were, however, calling for taking a cautious stance and to wait for a confirmation before going long. On Wednesday, much of the market rise was attributable to foreign inflows; the overseas investors making a mammoth net purchase of $8.18m worth equity on Wednesday.
The significance of the amount can be gauged from the fact that it amounted to a third of net purchases of $22.06m in all of last month and sixth of $38.19m year-to-date. Without the foreigners stepping into pick up stocks, the net sales of $3.17m by companies; $2.28m by mutual funds and $2.93m by individuals was likely to have pulled the market down.
Samar Iqbal, equity dealer at Topline Securities observed that due to heavy purchases of shares in Engro, DGKC and PTCL market comfortably closed above 14,000 points level. Ignoring the rising political temperature investors built new positions in anticipation that the upcoming budget will provide relief to industrial sector, he said.
Ahsan Mehanti, analyst at Arif Habib Corp, thought that the stocks had closed bullish on account of healthy quarter-end earning announcements on strong valuations.
Bullish activity in global stocks and commodities after strong US manufacturing data and renewed foreign interest played a catalyst role in bullish sentiments in stocks across the board at KSE, he said.
However, investors were eagerly awaiting the federal budget.
Analyst Hasnain Asghar Ali at Invisor Securities stated that the rally was led by fertiliser stocks and well supported by cement shares.
However, due to uncertainties on sensitive front the overall turnover initially stayed on the lower side. Yet there ensued across the board accumulation by active market participants, which sustained the bull-run throughout the session.
In mid-session the banking stocks saw gains that allowed the frontline stocks to make substantial and balanced volumetric contribution for both trading and investments. Analysts said that investors were focused on upcoming budget. Market capitalisation improved to Rs3.615 trillion on Wednesday, from Rs3.574 trillion on Monday.
The market capitalisation based KSE-30 index posted gain of 114.16 points to 12,366.32 points.
Among the 379 active issues, as many as 234 closed in positive territory, while 88 were in the negative zone; another 57 stocks ended unchanged.
The biggest gainers for the day included Unilver Food, up by Rs122.95 to Rs2,582.94 and UniLever Pak climbing higher by Rs73.71 to Rs6,400. Excepting Bata which lost a sizeable sum of Rs31.58, the rest of the losses were in single digits. Siemens shed Rs9.05, Millat Tractors gave up Rs8.65, Sanofi Aventis was easy by Rs7.21 and Pak Gum & Chemical conceded Rs2.92 from its previous gains.
Peculiarly all 10 top volume leaders finished at gains, with five of them hitting their upper circuit. KESC with 21m shares was up by 77 paisa to Rs4.47; PTCL commanding volume of 19m shares rose 97 paisa to Rs13.52, Lafarge Pakistan added 44 paisa to Rs5.27 on 14m shares, Jah.Sidd.Co ended limit up by Re1 to Rs15.93 on 13m shares, Fatima Fertiliser made maximum gain of Rs1.15 to Rs24.40 on 12m shares.
DGK Cement also hit the upper limit adding Rs1.91 to Rs41.84 on 12m shares, Azgard Nine firmed up by 56 paisa to Rs7.60 on 12m shares, Bank of Punjab at upper circuit of Rs1 to end at Rs9.95 on 12m shares, Bank Alfalah scored gains of 75 paisa to Rs18.02 on 11m shares and JS Investments also at upper circuit of Re1 to Rs10.62 on 11m shares.

ANNOUCEMENTS/COMPANY NEWS:

1. Engro board announces new President, CEO:
ISLAMABAD: The Board of Directors of Engro Corporation Limited Tuesday announced the appointment of Muhammad Aliuddin Ansari as the new President and CEO of Engro Corp.
Mr. Ansari takes over the Company from the outgoing President and CEO, Asad Umar, who had served Engro for over 27 years in various roles before taking over as the President in 2004.
Prior to joining Engro Corp. Muhammad Aliuddin was the CEO of Dewan Drilling, Pakistans first independent Oil & Gas drilling company.
He started off his career as an Investment Manager at WorldInvest/Bank of America in London and has also served as the CEO of AKD Securities and COO, Emerging Europe for Credit Lyonnais Securities. He has also served on the boards of Lucky Cement, the Karachi Stock Exchange, National Clearing Company of Pakistan and Al Meezan Investment Management.
He has been a member of the Engro Corp board since 2009 and is also on the Board Audit Committee and is the Chairman of the Board Investment Committee.
MOHAMMED SALEEM MANSOORI

KARACHI STOCK EXCHANGE-DAILY MARKET TREND: STOCK MARKET UPDATE: 02.05.2012

KARACHI STOCK EXCHANGE-DAILY MARKET TREND: STOCK MARKET UPDATE: 02.05.2012: Stock Karachi Stocks Down 52.39 Points: KARACHI, Apr 30: At close of trading, the KSE-100 index was at 13990.38, down 52.39 p...

STOCK MARKET UPDATE: 02.05.2012

Stock

Karachi Stocks Down 52.39 Points:
KARACHI, Apr 30: At close of trading, the KSE-100 index was at 13990.38, down 52.39 points.

April 30, 2012

 5 TOP GAINERS  &  LOOSERS:

Unilever Food	Rs 108.78	Nestle Pakistan	Rs (28.04)
Wyeth Pak Ltd	Rs 19.33	Pak Oilfields	Rs (5.77)
Indus Dyeing	Rs 18.99	Pakistan Petroleum	Rs (3.67)
Rafhan Maize	Rs 12.85	Shell Pak	Rs (3.32)
Indus Motor Com	Rs 11.18	Attock Petroleum	Rs (2.77)

Karachi Stocks end down; rupee weakens; o/n rates

Flat

KARACHI: Pakistani stocks fell on Monday on light trade as rising political uncertainty kept investors cautious, dealers said.
The Karachi Stock Exchange (KSE) benchmark 100-share index closed 0.37 per cent, or 52.39 points, lower at 13,990.38 points on turnover of 164 million shares.
“The absence of any upcoming triggers, along with rising political noise, kept investors on the sidelines,” said Samar Iqbal, a dealer at Topline Securities.
The Supreme Court last week found Prime Minister Yusuf Raza Gilani guilty of contempt of court for refusing to re-open corruption cases against the president. The court gave the prime minister only a symbolic sentence of a few minutes detention in the courtroom.
Since then, opponents have called for Gilani to resign, but he has so far refused. Most analysts anticipate another legal challenge to Gilani’s eligibility to remain prime minister, which is causing anxiety over the political situation.
In the currency market, the rupee ended weaker at 91.02/06 to the dollar, compared with Friday’s close of 90.85/90, because international oil prices remained above $119 a barrel on Monday, increasing import payments.
The rupee has been supported by remittances, which rose 21.45 per cent to $9.73 billion in the first nine months of the 2011/12 fiscal year, compared with $8.02 billion in the same period last year.
In March, remittances totaled $1.14 billion.
In its monetary policy statement this month, the State Bank of Pakistan said the external sector was likely to remain under pressure because of both external debt payments and a lack of foreign aid.
Pakistan’s GDP growth is estimated at 3.2 per cent for 2011/12 fiscal year, according to the Pakistan Bureau of Statistics.
The growth target was 4.2 per cent as originally presented in the budget announced June 2011 and later revised down to 4 per cent following floods in August and September that year.
Pakistan’s current account deficit widened to a provisional $3.089 billion in the first nine months of the 2011/12 fiscal year, compared with $10 million over the same period in the previous year, the central bank said on Wednesday.
Overnight rates in the money market ended flat at 11.90 per cent, unchanged from Friday’s close amid tight liquidity in the interbank market.
MOHAMMED SALEEM MANSOORI

KARACHI STOCK EXCHANGE-DAILY MARKET TREND: STOCK MARKET UPDATE: 30.04.2012

KARACHI STOCK EXCHANGE-DAILY MARKET TREND: STOCK MARKET UPDATE: 30.04.2012: Stock Karachi Stocks Down 105.38 Points: KARACHI, Apr 26: At close of trading, the KSE-100 index was at 14112.36, down 105.3...