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Thursday, 18 August 2011

DAILY STOCK MARKET REPORT: 19th AUGUST,2011

Stock
Karachi Stocks Down 141.14 Points:
KARACHI, Aug 18: At close of trading, the KSE-100 index was at 11128.81, down 141.14 points.

August 18, 2011

5 TOP SCRIPTS GAINERS  AND LOOSERS
Rafhan Maize
Rs 24.65
UniLever Pak
Rs (66.02)
AL-Ghazi Tractor
Rs 5.54
Siemens Pak
Rs (36.00)
Nadeem Textile
Rs 3.60
Millat Tractors
Rs (24.34)
Blessed Textiles
Rs 2.02
Shell Pakistan
Rs (11.43)
Atlas Honda
Rs 1.66
Nestle Pakistan
Rs (7.34)


KSE 30 – Shares Index
Previous 10,770.21, Thursday’s 10,618.82,minus 151.39 points
KSE 100 – Shares Index
Previous 11,269.95, Thursday’s 11,128.52, minus 141.43 points
MARKET CAPITALIZATION
Previous Rs.3,000.192bn, Thursday’s 2,963.634bn, minus 36.558bn
VOLUME LEADERS
Lotte Pakistan 6.062m, Lucky Cement,3.929m, National Bank 3.782m,Fatima Fertiliser 2.992m, Engro Corporation 2.198m
TOTAL VOLUME
41.622m shares
TOTAL
TONE:easy, total listed 638, actives 286, inactives 352, plus 50, minus 150, unchanged 86




Equity prices falter on security concerns

KARACHI, Aug 18: Share values fell across the board on Thursday on near-panic selling triggered by a fresh wave of violence in the city and below market expectations earnings of National Bank.
The benchmark KSE-100 index plunged by 1.25 per cent or 141.43 points at 11,128.52 as leading base shares remained under pressure under the lead of National Bank, Engro Corporation, Attock Refinery and Pakistan Oilfields.
The renewed wave of killings has reinforced the investor perception that peace in the city may not be around and violence
may erupt any time taking death toll along with it, analysts said.
Investors were also worried about their security in the backdrop of the recent incidents of target killing. Concerns about the deteriorating law and order situation dominated the trading as was reflected by low volume.
The opening was, however, on the higher side despite the city violence as the index steadily rose to the session’s high of 11,321.03 on early selective support but the earnings report of the National Bank showing EPS of Rs4.84 dragged down its
share value by Rs2.28 followed by sympathetic selling on the other counters.
Floor brokers said persistent selling in Engro Corporation for the last couple of sessions on reports of problems on the gas supply front also impacted the overall market trend.
Lucky Cement, Lotte Pakistan, PTA and some other leading shares on the other counters could well be future buys owing to higher profit margin being earned by them.
Minus signs again dominated the list under the lead of Unilever Pakistan and Siemens Pakistan, off by Rs66.02 and Rs36, while among the top gainers, Rafhan Maize and Al-Ghazi Tractors were prominent.
Traded volume fell to 41.622m shares from the previous 46m shares as losers held a strong lead over the gainers at 150 to 50, with 86 shares holding on to their last levels.
The active list was led by Lotte Pakistan, steady by two paisa at Rs11.13 on 6m shares followed by Lucky Cement, lower by 31 paisa at Rs71.93 on 4m shares, National Bank, sharply lower by Rs2.28 at Rs43.47 also on 4m shares, Fatima Fertiliser, easy
nine paisa at Rs16.23 on 3m shares, Engro Corporation, sharply lower by Rs6.12 at Rs117.72 on 2m shares, Pakgen Power, firm by 11 paisa at Rs21.49 on 2m shares and Pace Pakistan, lower nine paisa at Rs2.06 on 1.607m shares.
They were followed by Soneri Bank, lower by 25 paisa at Rs4.06 on 1.491m shares, Arif Habib Corporation, off 88 paisa at Rs23.91 on 1.121m shares and PTCL, lower 31 paisa at Rs11.23 on 0.993m shares.
FUTURE CONTRACTS: Engro Corporation led the list of actives on this counter and fell further lower by Rs6.20 at Rs118.09 on 0.922m shares, National Bank, off Rs1.29 at Rs43.64 on 0.680m shares and Attock Refinery, off Rs2.83 at Rs117.71 on 0.471m shares. Pakistan Oilfields followed them, off Rs5.01 at Rs345.57 on 0.376m shares and Fauji Fertiliser Bin Qasim, lower 40 paisa at Rs47.43 on 0.266m shares.
DEFAULTER COOMPANIES: The activity on this counter was relatively slow in the absence of leading buyers. Price changes were fractional amid light volumes.
Invest Bank, led the list of actives, easy four paisa at Rs0.30 on 12,531 shares followed by Genertech Power, up 12 paisa at Rs0.48 on 10,002 shares, Dewan Autos, steady by five paisa at Re1 on 7,464 shares and Japan Power, easy one paisa at Re1 on 6,106 shares.

Mohammed Saleem Mansoori

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