DAILY STOCK MARKET REPORT: 24TH AUGUST,2011

Stock

Karachi Stocks Up 125.46 Points:

KARACHI, Aug 24: The KSE-100 index was at 10967.72, up 125.46 points.

August 23, 2011

5 TOP SCRIPTS GAINERS  AND LOOSERS

Nestle Pakistan	Rs 18.14	UniLever Pak	Rs (46.04)
Pak Oilfields	Rs 8.17	Island Textile	Rs (10.00)
J.D.W. Sugar	Rs 4.01	Millat Tractors	Rs (7.24)
Fauji Fertilizer	Rs 3.89	Pak Tabacco	Rs (3.19)
Al-Ghazi Tractors	Rs 3.76	Packages Limited	Rs (3.04)

KSE 30 – Shares Index	Previous 10,391.08, Tuesday’s 10,394.79, plus 3.71.
KSE 100 – Shares Index	Previous 10,894.15, Tuesday’s 10,842.26, minus 51.89 points.
MARKET CAPITALIZATION	Previous Rs.2,901.807bn, Tuesday’s 2,890.411bn, minus 10.396bn
VOLUME LEADERS	National Bank 4.048m, PTCL 1.996m, Nimir Chemicals 1.987m, Fauji Fertiliser 1.986m, Engro Corporation 1.446m shares.
TOTAL VOLUME	22.397m shares
TOTAL	TONE:mixed,total listed 638,actives 241,inactives 397,plus 86,minus 82,unchanged 73

Stocks lose 51 points in mixed trading

KARACHI, Aug 23: The stock market on Tuesday again turned in another mixed performance amid light trading but selective support reemerged strong on the fertilizer and oil sectors at the current lower levels.
The entire activity appeared to be a jobbing affair as investors were not inclined to go beyond the safe havens owing to day of mourning observed by a political party against city killings amid the prevailing panic and security concerns, floor brokers said.
The market was closed 90 minutes at 12:30pm before the official closing time owing to the prevailing uncertainty and fear.
Although the KSE 100-shares index suffered a fall of 51.89 points at 10,842.26, on selling in the index heavy, OGDC, Pakistan Petroleum, MCB and some others.
The broader market, however, performed well followed by active short-covering in some of the pivotals under the lead of Engro Corporation, which has resumed its recovery tempo after having fallen to sharply lower.
Others leading shares, which remained centre of activity at the current lower levels were Fauji Fertiliser, Pakistan Oilfields, Shell Pakistan and Attock Petroleum.
“Beyond the corridors of the KSE, there was a intriguing calm on the deserted city roads”, said a leading analyst, adding: “In such an atmosphere no one would dare to be speculative and play safe”.
That was perhaps why much of the activity, financed by the institutional investors, was confined to relative safe havens where chances of recovery from any fall were pretty ensured, they added.
However, it was interesting to note there was no panic but the grief on the city killings. There was, however, a loud whispering about the future of the share business, although there was no ready answer.
Prominent gainers were led by Nestle Pakistan, and Pakistan Oilfields, up by Rs18.14 and 8.17, while among the top losers, Unilever Pakistan and Island Textiles were leading, off Rs46.04 and 10, respectively.Traded volume fell to 25.397m shares from the previous 36m shares as gainers held a slight edge over the losers at 86 to 82, with 73 shares holding on to the previous levels.
The active list was topped by National Bank, lower 53 paisa at Rs39.95 on 4m shares followed by PTCL, up 42 paisa at 11.66 on 2m shares, Nimir Chemicals, up 26 paisa at 3.16 also on 2m shares, Fauji Fertiliser, sharply higher by Rs3.89 at 159.65 on 2m shares, Engro Corporation, higher by Rs3.53 at Rs117.88 on 1.446m shares, Fauji Fertiliser Bin Qasim, steady by 18 paisa at 47.01 on 1.031m shares, and Pakistan Oilfields, sharply higher by Rs8.17 at Rs350.25 on 1.002m shares.
They were followed by Bank of Punjab, easy 19 paisa at 5.24 on 0.711m shares, SilkBank, lower five paisa at 2.10 on 0.510m shares and Nishat Chunian Power, up 93 paisa at 14.74 on 0.496m shares.
FUTURE CONTRACTS: Engro Corporation (August) delivery rose by Rs3.47 on active follow–up support at 117.99 on 0.366m shares, while its September contracts rose by Rs3.71 at 117.68 on 0284m shares.
Both the settlements of National Bank marked down by 53 and 49 paisa, respectively, at 40.01 and 40.53 on 0.365m and
0.307m shares. Pakistan Oilfields on the other hand rose by Rs7.35 at Rs349.52 on 0.273m shares.
DEFAULTER COS: About half a dozen shares came in for stray alternate bouts of buying and selling and finished mostly unchanged barring Ravi Textiles, which rose by three paisa at 0.65 on 4,500 shares and Japan Power, unchanged at 1 on 378 shares.

MOHAMMED SALEEM MANSOORI