KARACHI STOCK EXCHANGE-DAILY MARKET TREND: DAILY STOCK MARKET UPDATE: 23.02.2012

KARACHI STOCK EXCHANGE-DAILY MARKET TREND: DAILY STOCK MARKET UPDATE: 23.02.2012: Stock Karachi Stocks Up 51.80 Points: KARACHI, Feb 22: At close of trading, the KSE-100 index was at 12596.25, u...

DAILY STOCK MARKET UPDATE: 23.02.2012

Stock Karachi Stocks Up 51.80 Points: KARACHI, Feb 22: At close of trading, the KSE-100 index was at 12596.25, up 51.80 points.  February 22, 2012

Bulls further add 59 points to KSE KARACHI: Local equities at Karachi Stock Exchange (KSE) ended higher on Wednesday, led by a rally in banking shares, as investor sentiment rose on hopes of strong corporate results. The Karachi Stock Exchange (KSE) benchmark 100-share index rose 0.47 percent, or 59.22 points, to 12,603.67 points. Turnover fell to 194.11 million shares, from a 22-month high made the previous day as 322.47 million shares were traded. "The focus of investors has shifted towards banks and mostly the smaller ones because of expectations of healthy corporate earnings," said a stock dealer. Soneri Bank gained 20.49 percent at 5.88 rupees while Bank Alfalah closed up 2.75 percent at 13.82rupees. (Reuters) KSE Index crosses 12,600-barrier on higher payouts KARACHI, Feb 22: The stock market on Wednesday maintained its creeping rally for the fourth week in a row as anticipatory buying ahead of reports of higher payouts did not allow investors to keep to the sidelines and to miss the rising bandwagon. Floor brokers said a galore of higher payouts and bonus shares by some of the leading companies notably by Bank Al-Habib, cash 25 per cent bonus shares at 15 per cent, Wyeth Pakistan, cash 40 per cent, Service Industries, 100 per cent, United Bank, 60 per cent and 9.20 per cent right shares by the KESC were well-received by the investors and allowed the market to maintain a steady posture despite profit-selling on some of the blue chip counters. And in the process, the benchmark index breached through the barrier of 12,600 points at 12,603.67, up 59.22 points signalling that its next target of 13,000 points now may not be that far off, some analysts said. The figure of 13,000-point may be a great achievement in the prevailing conditions both on the financial and political front and credit goes to those who had performed a great feat, some floor brokers said. But the question is being debated among the analysts and brokers whether or not it could match its previous all-time high record of 15,274 points by the end of the current year, they added. “It is very rare in the trading history of the KSE that the benchmark has ever shown such a sustained run-up for weeks together,” said analyst Ahsan Mehanti “the daily rise was modest but the important thing was that it was confidently sustained”.He said the notable feature was that leading base shares were mostly neglected and some of their weaker links led the market advance under the lead of banking and cement shares on reports of higher earnings. Analyst Samar Iqbal said that being in a highly oversold position, the market needs technical correction but it was delayed for the last couple of weeks for reasons beyond the statistical demand. He said the strategy not to go beyond the undervalued sector seems to be sustaining force behind the run-up, which keeps the broader market untouched. But after a sustained run-up on the blue chip counters, there was modest pruning, which allowed the losers to have a modest edge over the gainers at 143 to 28, with 75 shares holding onto the last levels, out of total 346 changes in a volume of 272m shares. Leading gainers were led by Wyeth Pakistan and Mitchell’s Fruits, up by Rs8.85 and 5.69, while losers included Unilever Pakistan and Unilever Foods, off Rs48.80 and Rs40.00 respectively. The active list was led by Bank Alfalah, steady by 43 paisa at Rs13.88 on 26m shares followed by JS & Co, off 49 paisa at Rs9.75 on 22m shares, Pace Pakistan, firm by 25 paisa at Rs2.16 on 19m shares, Bank of Punjab, lower 70 paisa at Rs8.40 on 18m shares, Soneri Bank, up Re1 at Rs5.88 on 15m shares, Askari Bank, higher by 52 paisa at Rs12.68 on 14m shares and D.G. Khan Cement, easy 57 paisa at Rs26.02 on 12m shares. They were followed by TRG Pakistan, lower 26 paisa at Rs2.46 on 12m shares, Azgard Nine, easy 60 paisa at Rs7.11 on 11m shares and Fatima Fertiliser, steady by three paisa at Rs24.00 on 10m shares. FUTURE CONTRACTS: Share values on this counter came in for stray profit-selling and ended lower under the lead of D.G. Khan Cement as its both settlements fell by 64 and 56 paisa at Rs26.01 and Rs26.35 respectively on 1.664 and 1.578m shares respectively. Both contracts of National Bank rose by 21 paisa at Rs50.20 for the ruling March, while the matured February fell by 26 paisa at Rs49.69 on 1.419 and 1.375m shares respectively. Fauji Fertiliser Bin Qasim fell by Rs1.04 at Rs42.93 on 0.803m shares. DEFAULTER COMPANIES: Dost Steels led the list of actives, lower by one paisa at Rs2.20 on 37,879 shares followed by Genertech Power, unchanged at Rs0.55 on 30,890 shares, Mukhtar Textiles, steady by five paisa at Rs0.48 on 34,534 shares and Kohinoor Industries, firm by four paisa at Rs1.11 on 16,193 shares. ANNOUCEMENTS: Ø PTCL earns net profit of Rs2.84b Ø Indus Motors profit surges 77pc to Rs2.47b   Mohammed Saleem Mansoori

KARACHI STOCK EXCHANGE-DAILY MARKET TREND: DAILY STOCK MARKET UPDATE:22.02.2012

KARACHI STOCK EXCHANGE-DAILY MARKET TREND: DAILY STOCK MARKET UPDATE:22.02.2012: Stock Karachi Stocks Up 52.82 Points: KARACHI, Feb 22: The KSE-100 index was at 12596.18, up 52.82 points.(today...

DAILY STOCK MARKET UPDATE:22.02.2012

Stock Karachi Stocks Up 52.82 Points: KARACHI, Feb 22: The KSE-100 index was at 12596.18, up 52.82 points.(today 11.35 am) February 21, 2012

TOP  5  SCRIPTS GAINERS AND LOOSERS:

Unilever Pakistan	Rs 100.00	Siemens Pakistan	Rs (40.43)
Colgate Pakistan	Rs 34.70	Nestle Pakistan	Rs (18.13)
Wyeth Pakistan	Rs 17.99	Rafhan Maize	Rs (8.20)
Sitara Chemicals	Rs 4.66	Service Industries	Rs (7.97)
PSO	Rs 4.38	MCB Bank	Rs (6.35)

KSE-Volume hits 22-month high at 323m shares.

KARACHI: Traded volume on the stock market on Tuesday soared to 22-month high of 323m shares as investors played on both sides of the fence on small margins of profits under the lead of cement sector followed by reports of higher earnings.
The benchmark KSE 100-index was quoted further higher by 26.55 points at 12,544.45 as compared to 12,517.90 points a day earlier, indicating that it may be heading to its next chart target of 13,000 not just in one go but through creeping rallies.
Analysts said the higher volume of 323m shares just at the heels of a record price changes in 445 listed companies a day earlier, however, did not reflect any major breakthrough but were the outcome of alternate bouts of buying and selling.
A turnover of about 90m shares in three under-valued shares JS & Co, Azgard Nine and Fauji Cement suggested that investors had moved out of high-risk areas to the low-risked ones, they said.
The real breakthrough would come after the investor interest shifted to high profile shares which could significantly push up the index.
Some leading analysts said the sustained rise witnessed during the last about three weeks which lifted the benchmark index above 12,000-level from the 11,000 indicated that investors were seeking a safe haven at a sustainable level.
Plus signs again dominated the list under the lead of Unilever Pakistan and Colgate Pakistan, up by Rs100 and Rs34.70, while losers were led by Siemens Pakistan and Nestle Pakistan, off Rs40.43 and Rs18.13. Traded volume soared to record level of 322.473m shares as gainers outpaced losers by 166 to 101 with 76 shares held onto previous levels.
The actives’ list was again led by JS & Co, lower 15 paisa at Rs10.24 on 43m shares followed by Azgard Nine, steady by four paisa at Rs4.71 on 25m shares, Fauji Cement, firm by 17 paisa at Rs4.28 on 23m shares, D.G. Khan Cement, up 26 paisa at Rs26.59 on 21m shares, TRG Pakistan, higher 44 paisa at Rs2.74 on 6m shares, Lafarge Pakistan, firm by 16 paisa at Rs2.44 on 14m shares and JS Bank, up by 40 paisa at Rs4.07 on 13m shares.
They were followed by Bank Al-Habib, easy by 14 paisa at Rs13.45 on 12m shares, Fatima Fertiliser, up 28 paisa at Rs23.97 on 10m shares and Bank of Punjab, up Re1 at Rs9.10 also on 10m shares.
FUTURE CONTRACTS: The active list was led by both the settlements of D.G. Khan Cement, higher by Rs1.26 and Rs1.28 at Rs26.65 and Rs26.92 on large volumes of 3.283m and 1.701m shares, respectively. National Bank rose by 43 paisa at Rs49.43 on 1.639m shares.
Both the contracts of Engro Corporation were quoted higher by 72 and 81 paisa at Rs132.49 and Rs102.04 respectively on 1.318 and 1.260m shares.
DEFAULTER COMPANIES: Dost Steels again led the list of actives, lower by 11 paisa at Rs2.21 on 0.261m shares followed by Kohinoor Industries, steady by three paisa at Rs1.07 on 34,190 shares and Genertech Power, steady by seven paisa at Rs0.55 on 48,994 shares.

Mohammed Saleem Mansoori

KARACHI STOCK EXCHANGE-DAILY MARKET TREND: DAILY STOCK MARKET UPDATE: 21.02.2012

KARACHI STOCK EXCHANGE-DAILY MARKET TREND: DAILY STOCK MARKET UPDATE: 21.02.2012: Stock Karachi Stocks Up 19.50 Points: KARACHI, Feb 20: At close of trading, the KSE-100 index was at 12515.18, up ...

DAILY STOCK MARKET UPDATE: 21.02.2012

Stock Karachi Stocks Up 19.50 Points: KARACHI, Feb 20: At close of trading, the KSE-100 index was at 12515.18, up 19.50 points. February 20, 2012

TOP  5  SCRIPTS GAINERS AND LOOSERS:

UniLever Pak Ltd.	Rs 49.86	Siemens Pakistan	Rs (12.43)
Nestle Pakistan	Rs 35.79	Wyeth Pak Limited	Rs (10.22)
Bata (Pak) Ltd.	Rs 28.00	Linde Pakistan	Rs (5.23)
Fazal Textile	Rs 10.81	Atlas Battery	Rs (2.83)
Island Textile	Rs 6.62	Shell Pakistan	Rs (2.80)

Karachi Stocks extend weekend gains

KARACHI, Feb 20: The share market on Monday resumed trading on a higher note but mid-session selling in some of the overvalued scrips slowed down the initial rising tempo in an actively traded session.
The on-balance closing was, however, maintained on the higher side.The KSE 100-index finished the session with an extended gain of 22.22 points at 12,517.90 as compared to previous 12,495.68 as leading base shares in the oil, banking and some other sectors came in for renewed support and ended higher and kept the index afloat.
An interim dividend of 250 per cent by Millat Tractors for the half year ended Dec 31, 2011 on pretax profit of Rs814.056m was well-received by the investors as was reflected by an increase of Rs3.17 in its share value at Rs459.93 but Al-Ghazi Tractors failed to maintain its recent upturn and ended lower by Rs2.31 at Rs185.18.
The interesting feature of the trading was that investors remained shy of taking fresh stake in the blue chips counters despite the fact that some of them were in firing range, analysts Ashraf Zakaria said and added that it reflected new mode of investment dictated by the objective conditions and investor reluctance to take financial risk.
Bulk of the trading volume of 233m shares again remained confined to the low-priced issues, notably JS & Co as investors were not inclined to move out from low-priced shares, analyst Ahsan Mehanti said.
“There could be many reasons behind the current investor operational strategy,” he said “but the big question is why they are satisfied on fractional traded gains rather than opting for big bucks”.
He said many are not inclined to take financial risks in the backdrop of changing background political news and were playing safe on the maxim “larger the volumes smaller the safe gains”.
Analyst Samar Iqbal said although some of the leading companies were still in the process of declaring their interim and final earnings but apart from pre- or post-dividend flashes in them instances of follow-up support were lacking.
“Small-cap issues are performing a remarkable job and are keeping the investor interest alive after having provided an alternate avenue of investment,” he said.
Plus signs again dominated the list under the lead of Unilever Pakistan and Nestle Pakistan, up by Rs49.86 and Rs35.79, while major losers included Siemens Pakistan and Wyeth Pakistan, off Rs12.43 and Rs10.22 respectively.
Traded volume was maintained at the overnight level of 233m shares but gainers held a strong lead over the losers at 140 to 104, with 201 shares holding onto the last levels.
The active list was again topped by JS & Co, up 98 paisa at Rs10.39 on a large volume of 38m shares followed by Azgard Nine, easy by five paisa at 7.67 on 24m shares, Fauji Cement, lower by 68 paisa at Rs4.11 on 22m shares, D.G. Khan Cement, firm by 17 paisa at Rs25.33 on 16m shares, Bank Alfalah, up 39 paisa at Rs13.59 on 15m shares, TRG Pakistan, up 37 paisa at Rs2.30 also on 15m shares and Bank of Punjab, up Re1 at Rs8.10 on 14m shares.
They were followed by Lafarge Pakistan, lower by 16 paisa at Rs2.28 on 6m shares, Summit Bank, higher by 61 paisa at Rs3.11 also on 6m shares and BankIslami Pakistan, higher by 43 paisa at Rs5.14 on 6m shares.
FUTURE CONTRACTS: The actives’ list on this counter was led by D.G. Khan Cement, steady 15 paisa at Rs25.39 on 2.156m shares followed by Engro Corporation, easy by 32 paisa at Rs131.77 on 1.185m shares, while its March settlement rose by Rs1.16 at Rs101.23 on 0.762m shares.
Other actives were led by National Bank, easy 19 paisa at Rs49.00 on 0.984m shares and D.G. Khan Cement, March contract, higher by 40 paisa at Rs25.64 on 0.765m shares.
DEFAULTER COMPANIES: Bulk of the support again remained confined to Dost Steels, firm by four paisa at rS2.32 on 0.133m shares followed by Mukhtar Textiles, lower six paisa at Rs0.44 on 17,210 shares and Kohinoor Industries, steady by four paisa at Rs1.04 on 13,064 shares and Genertech, firm by four paisa at Rs0.48 on 11,006 shares.

 Mohammed Saleem Mansoori