DAILY STOCK MARKET REPORT: 27th JULY,2011

Stock
Karachi Stocks Down 26.90 Points:
KARACHI, July 26: At close of trading, the KSE-100 index was at 12367.59, down 26.90 points.
July 26, 2011
5 TOP SCRIPTS GAINER AND LOOSER
Exide (Pak) Rs 8.19 Uni Lever Pak Rs (102.76)
Colgate Palmol. Rs 6.82 Rafhan Maize Rs (41.36)
Indus Motor Co Rs 3.86 Service Indus Rs (4.65)
BoC Pak Rs 2.92 Millat Tractors Rs (11.56)
Shieled Corp Rs 2.08 Philip Morris Rs (8.30)


KSE 30 – Shares Index Previous 11,815.91,Tuesday’s 11,817.39,plus 1.48 points
KSE 100 – Shares Index Previous 12,394.49,Tuesday’s 12,364.06, minus 30.43 points
MARKET CAPITALIZATION Previous rs.3,271.139bn,Tuesday’s 3,266.072bn,minus 5.067bn
VOLUME LEADERS NIB Bank(right), 18.048m, J.S. Investment 4.154m, Fauji Fertiliser Bin Qasim 2.102m, J.O.V. & Co 2.014m, Azgard Nine 1.576m shares.
TOTAL VOLUME 54.538m shares
TOTAL TONE: easy, total listed 638, actives 368, inactives 270, plus 95, minus 172, unchanged 101

KSE 100-share Index loose 30 points.
KARACHI, July 26: The stock market again lacked normal trading interest as leading investors kept to the sidelines despite reports of higher earnings apparently awaiting some positive developments on the law and order front.
The KSE 100-share index fell further by 30.43 points at 12,364.06 as compared to 12,394.49 a day earlier amid light trading. Barring Engro Corporation, which fell further, other leading shares, notably Fauji Fertiliser, National Bank and some others resisted fresh fall.
Floor brokers said all eyes are now focused on the earnings reports due during the current and the next week but whether or not they could put the market back on the track is anybody`s guess.
In normal trading conditions, interim earning report of the MCB could have evoked a good investor interest but other worries weighed heavily on the investor mind, they added.
Being highly sensitive, the market needs peaceful environment sans worries about the personal security but in the backdrop of spate of target killings and continued violence in the city, investors think twice before putting money in stocks even at the lower levels, most analysts believe.
An after-tax profit of Rs16.162 billion for the half year ended June 30, and an interim cash dividend of 30 per cent and per share earning of Rs12.64 by the Muslim Commercial Bank (MCB), should have boosted the investor confidence but external depressants weighed heavily against the underlying sentiment, analysts said. Its share value surged by Rs2.87 at Rs195.32 on over a million shares.
They said the flight of capital, notably from the oil sector owing to law and order situation also worked against the sentiment and in their absence the market may remain poorer as far as foreign funds are concerned.
Minus signs again dominated the list under the lead of Unilever Pakistan and Rafhan Maize, off Rs102.76 and 41.36, but on the other hand, some shares managed to end with modest gains, notably among them being Exide Pakistan and Colgate Pakistan, up by Rs8.19 and 6.82, respectively.
Traded volume rose to 54.538m shares from the previous 33m shares but losers held a strong lead over the gainers at 172 to 95, with 101 shares holding on to the last levels.
The right shares of NIB Bank led the list of actives, unchanged at 0.01 on 18m shares followed by J.S. Investment, unchanged at 5.11 on 4m shares, Fauji Fertiliser Bin Qasim, lower 20 paisa at Rs47.08 on 2m shares, J.O.V. & Co, steady by 11 paisa at 2.67 on 2m shares, Azgard Nine, firm by four paisa at 6.16 on 1.576m shares, Fauji Fertiliser up 68 paisa at 163.72 on 1.412m shares, and PTCL, lower 14 paisa at 12.58 also on 1.412m shares.
They were followed by Lucky Cement, easy 24 paisa at 73.31 on 1.363m shares, Engro Corporation, lower by 88 paisa at Rs147.63 on 1.160m shares and Lotte Pakistan, steady by one paisa at 12.76 on 1.106m shares.
FUTURE CONTRACTS: National Bank led the list of actives, steady by six paisa at Rs54.41 on 0.342m shares, followed by Engro Corporation, off 65 paisa for the July contract at Rs148.01 and but higher by four paisa for the August delivery at 149.34 on 0.320m and 0.256m shares, respectively, Fauji Fertiliser Bin Qasim, lower by 29 paisa at Rs47.08 on 0.319m shares and Fauji Fertiliser, easy by 25 paisa at Rs164.04 on 0.220m shares.
DEFAULTER COS: Dadabhoy Cement led the list of actives, up 17 paisa at Rs2.19 on 49,002 shares followed by Japan Power, which also came in for modest support, up one paisa at Rs1.16 on 22,508 shares and S.S. Oils, up 17 paisa at 4.66 on 10.500 shares.




Mohammed Saleem Mansoori