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Monday, 25 July 2011

DAILY STOCK MARKET REPORT: 26th JULY,2011


Stock July 25, 2011
Karachi Stocks Down 70.20 Points:
KARACHI, July 25: At close of trading, the KSE-100 index was at 12406.57, down 70.20 points.
5 TOP SCRIPTS GAINER AND LOOSER
Nestle Pakistan Rs 12.06 Unilever Pakistan Rs (15.41)
Bhanero Textiles Rs 11.64 Colgate Pakistan Rs (9.14)
Bata Pakistan Rs 7.06 MCB Bank Rs (1.95)
Exide Pakistan Rs1.80 Atles Battery Rs (1.80)
Biafo Ind Rs1.50 Habib Bank Rs (1.47)


KSE 30 – Shares Index Previous 11,917.40, Monday’s 11,815.91, minus 101.49 points
KSE 100 – Shares Index Previous 12,476.77, Monday’s 12,394.49, minus 82.28 points
MARKET CAPITALIZATION Previous Rs.3,289.273bn, Monday’s 3,271.139bn, minus 18.134bn
VOLUME LEADERS Fatima Fertiliser 2.383m, Pak Reinsurance 1.732m, NIB Bank (rifht) 1.641m, Fauji Fertiliser Bin Qasim 1.526m, WorldCall Telecom 1.314m shares.
TOTAL VOLUME 32.820m shares
TOTAL TONE; easy, total listed 638, actives 326, inactives 99, plus 85, minus 142, unchanged 99

Stocks lose 82 points.
KARACHI, July 25: The trading on the stock market on Monday resumed on an easy note as investors liquidated long positions in a bit haste owing to a fresh wave of killings in the city.

“Fears linked to personal security in the backdrop of trend of violence appeared to have dominated the investor mind and weaker links among them stayed on the sidelines, while some bold ones remained undeterred”, analysts said, and added: “The fall of the turnover figure to only 33m shares reflects the investor mind and the panic.
The market performance was reflected in the falling share values, light volumes and fresh erosion in the benchmark, which ended with a net fall of 82.28 points at 12,394.49 as compared to 12,476.77, while it ended the last week with a good gain of 130.25 points.
Most of the leading base shares finished lower under the lead of National Bank, Engro Corporation and other leading fertilizer shares.
Floor brokers said reports of higher earnings both final and interim by some of the leading companies did evoke modest interest on those counters where the earnings reports are due but the overall trend remained bearish.
But the absence of instant morale boosters, which the market terribly needs in the prevailing law and order situation continued to weigh heavily against the underlying sentiment, said a leading stock analyst Ahsan Mehanti.
“Rising outflow of foreign capital from the local market owing to prevailing law and order situation in the city do worry investors”, he said, and added: “If the current flight continued at the current rate the market may be further poorer as far as foreign investment is concerned”.
Another leading analyst Samar Iqbal believes a section of investors hope an improvement in the prevailing law and order situation, which would lure investors back in the arena in due course”.
“The investor perceptions how to behave in adverse situations as the prevailing one differ but one thing is clear that saner elements among them may not get scared and operate orderly”, another analyst Salman Naqvi said.
Prominent gainers were led by Nestle Pakistan and Bhanero Textiles, up by Rs12.06 and 11.64, while top losers included Unilever Pakistan and Colgate Pakistan, off by Rs15.41 and 9.14.
Traded volume fell sharply to 32.820m shares from the previous 126m shares as losers held a strong lead over the gainers at 142 to 85, with 99 shares holding on to the last levels.
The active list was led by Fatima Fertiliser, easy by 21 paisa at Rs16.74 on 2m shares, followed by Pak Reinsurance, steady by 12 paisa at Rs15.58 on 2m shares, NIB Bank (right), unchanged at 0.01 also on 2m shares, Fauji Fertiliser Bin Qasim, lower by 24 paisa at Rs47.28 on 1.526m shares, WorldCall Telecom, unchanged at 1.81 on 1.314m shares, Arif Habib Corporation, easy by 19 paisa at Rs28.32 on 1.223m shares, and Hub-Power, up 56 paisa at Rs39.62 on 1.108m shares.
They were followed by Bank Al-Habib, steady three paisa at Rs29.07 on 1.034m shares, Engro Corporation, off Rs3.08 at Rs146.51 on 0.915m shares and National Bank, lower by 64 paisa at Rs54.18 on 0.899m shares.
FUTURE CONTRACTS: The notable feature was that trading was also resumed in the August settlements side by side the maturing July contract.
The active list was led by Fauji Fertiliser, off Rs1.11 at Rs163.29 on 0.215m shares followed by Engro Corporation, its both settlements fell by Rs3.41 and 3.37 at Rs148.66 and 149.30 on 0.195 and 0.178m shares, respectively. National Bank fell by 63 paisa for the ruling July at Rs54.35 on 0.193m shares, while its August delivery fell by 21 paisa at Rs54.77 on 0.189m shares.


Mohammed Saleem Mansoori

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