DAILY STOCK MARKET REPORT: 17th AUGUST,2011

Stock

Karachi Stocks Down 28.23 Points:
KARACHI, Aug 17: The KSE-100 index was at 11205.52, down 28.23 points.

August 16, 2011

5 TOP SCRIPTS GAINERS  AND LOOSERS

UniLever Pak	Rs 250.11	Wyeth Pak Limited	Rs (40.00)
Rafhan Maize	Rs 133.33	Nestle Pakistan	Rs (33.66)
Shell Pakistan	Rs 8.08	Millat Tractors	Rs (26.97)
P.S.O.	Rs 7.80	Al-Ghazi Tractor	Rs (9.84)
Attock Petroleum	Rs 5.75	National Refinery	Rs (2.12)

KSE 30 – Shares Index	Previous 10.668.67, Tuesday’s 10,749.86, plus 81.19 points
KSE 100 – Shares Index	Previous 11,166.10,Tuesday’s 11,233.75, plus 67.65 points.
MARKET CAPITALIZATION	Previous Rs.2,976.379bn, Tuesday’s 2,991.471bn, plus 15.092bn
VOLUME LEADERS	Fauji Fertiliser Bin Qasim 3.046m, PTCL 1.827m, National Bank 1.775m, J.S.& Co 1.318m, Lotte Pakistan 1.237m shares..
TOTAL VOLUME	26.768m shares
TOTAL	TONE: mixed, total listed 638, actives 294, inactives 244,  plus 101.miuns 104, unchanged 89

Index gains 67 points on selective buying

KARACHI, Aug 16: The share market on Tuesday showed an improved trend on active short-covering in the oil sector and other blue chips at the lower levels followed by reports that the government has approved the margins of oil marketing companies.
The share values of PSO, Shell Pakistan, Attock Petroleum, OGDC and Pakistan Oilfields surged from the current lows on the judicious blend of both local and foreign buying.
But the broader market did not follow the lead of the blue chip counters as investors played safe and were not carried away by lone positive news as was reflected by a light volume figure, some analysts said.
The benchmark KSE 100-index, however, managed to post a good gain of 67.65 points at 11,233.75 on the strength of leading base shares, notably OGDC, PSO, Shell Pakistan, Fauji Fertiliser and Pakistan Oilfields.
“I don’t think flash rallies essentially reflect the mood of the prospective investor,” said a leading analyst.
Most analysts believe that during the holy month there could hardly be any change in the status quo as some of the best corporate announcements may not put the market on a stable course.
They said investors are worried over the other positive factors, notably ties with the US, which investors need as a supporting wall on the aid front and added to it law and order situation in the city and worries over personal security.
It was in this background instant flashes were visible on a number of counters under the lead of Unilever Pakistan and Rafhan Maize, up Rs250.11 and Rs133.33, while Wyeth Pakistan and Nestle Pakistan fell by Rs40 and Rs33.66 respectively.
Traded volume was maintained slightly above the overnight level at 26.768m shares but losers maintained a slight edge over the gainers at 104 to 101, with 89 shares holding on to the last levels.
The active list was topped by Fauji Fertiliser Bin Qasim, firm by 91 paisa at Rs47.73 on 3m shares followed by PTCL, easy by four paisa at Rs11.47 on 1.827m shares, National Bank, steady by one paisa at Rs45.57 on 1.775m shares, JS & Co, easy three paisa at Rs5.89 on 1.318m shares, Lotte Pakistan, easy by one paisa at Rs10.67 on 1.237m shares, Pakistan Oilfields, higher by Rs3.26 at Rs348.44 on 0.954m shares and Pakgen Power, lower two paisa at Rs20.37 on 0.909m shares.
They were followed by Fauji Fertiliser, higher by Rs1.98 at Rs155.53 on 0.843m shares, PSO, sharply higher by Rs7.80 at Rs237.16 on 0.823m shares, and Attock Refinery, up Rs1.86 at Rs114.79 on 0.821m shares.
FUTURE CONTRACTS: Fauji Fertiliser Bin Qasim led the list of actives on this counter and quoted higher by 89 paisa at Rs47.88 on 0.695m shares followed by Engro Corporation, off Rs1.34 at Rs127.31 on 0.535m shares and Pakistan Oilfields, sharply higher by Rs4.18 at Rs349.34 on 0.418m shares.
They were followed by National Bank, steady seven paisa at Rs45.83 on 0.360m shares and Attock Refinery, up Rs1.86 at Rs115.23 on 0.308m shares.
DEFAULTER COMPANIES: Active trading was witnessed on this counter under the lead of Ravi Rayon, steady by one paisa at Rs0.90 on 46,108 shares, Dewan Autos, lower by 26 paisa at Rs0.78 on 17,406 shares, Japan Power, up seven paisa at Rs1.06 on 17,103 shares and Dadabhoy Cement, up 13 paisa at Rs2.05 on 12,012 shares.

Mohammed Saleem Mansoori