DAILY STOCK MARKET REPORT: 25TH AUGUST,2011

Stock

Karachi Stocks Up 3.39 Points:
KARACHI, Aug 25: The KSE-100 index was at 10944.47, up 3.39 points.

August 24, 2011

5 TOP SCRIPTS GAINER  AND LOOSER

Rafhan Maize	Rs 138.49	Nestle Pakistan	Rs (147.54)
UniLever Pak	Rs 58.58	Island Textile	Rs (9.82)
Colgate Palmol	Rs 26.31	Sheezan International	Rs (5.11)
Millat Tractors	Rs 20.51	MCB Bank Ltd.	Rs (3.76)
Indus Motors	Rs 9.34	Pakistan Cables	Rs (2.14)

KSE 30 – Shares Index	Previous 10,394.79, Wednesday’s 10,494.75, plus 99.96 points
KSE 100 – Shares Index	Previous 10,842.26, Wednesday’s 10,09.41, plus 98.82 points
MARKET CAPITALIZATION	Previous Rs.2,890.411b,Wednesday’s 2,913.949bn, plus 23.538bn
VOLUME LEADERS	National Bank 4.775m, Lucky Cement 2.632m, Fatima Fertiliser 2.373m,Fauji Fertiliser 2.068m, Lotte Pakistan 2.044m shares.
TOTAL VOLUME	39.979m shares
TOTAL	TONE:steady, total listed 637, actives 314, inactives 323, plus 120, minus 93,unchanged 101

Gains on Stock Market-Oil Sector Lead

KARACHI, Aug 24: Stocks were traded higher on Wednesday as strong covering purchases in the oil sector spilled over to other counters but the volume figure failed to keep pace with the mounting buying offers.
“It was a judicious blend of both local and foreign buying at attractively lower levels, notably in the leading oil shares,” floor brokers said. “But by and large it was motivated to realise quick gains rather than a long-term investment”.
However, the return of foreign investors though on a modest scale was welcomed as it coincided with the serious official moves to restore order in the city and it could gain in stature in the subsequent sessions, they hoped.
But the shared view among the investors is that the better performance of the market is essentially linked to city peace and once it restored it could provide pleasant surprises.
The benchmark KSE 100-index posted a good gain of 98.82 points, out of which OGDC alone contributed 71 points. Earlier it breached through the barrier of 11,000 at 11,044.82 but failed to sustain it on selling at the fag-end of the session.
The final close was around 10,941.08 as compared to previous 10,842.26 a day earlier as some of the leading shares came in
for renewed covering purchases and were quoted higher.
But some floor brokers said the support motivated by capital gains seldom give the needed push to the market as it leaves in its wake a long list of casualties.Prominent gainers were led by Rafhna Maize and Unilever Pakistan, up by Rs138.49 and
Rs58.58, while Nestle Pakistan and Island Textiles, were among the top losers, off Rs147.54 and Rs9.82.
Traded volume rose to 39.979m shares from the previous 22m shares as gainers held a strong lead over the losers at 120 to 93, with 101 shares holding onto the last levels.
The active list was topped by National Bank, lower by 10 paisa at Rs39.85 on 5m shares followed by Lucky Cement, easy by 25
paisa at Rs70.75 on 3m shares, Fatima Fertiliser easy by two paisa at Rs16.15 on 2.373m shares, Lotte Pakistan, steady by 13 paisa at Rs10.85 on 2.044m shares, Nimir Chemicals, lower 28 paisa at Rs10.85 at Rs2.88 on 1.777m shares and Engro Corporation, higher by Rs2.17 at Rs120 on1.614m shares.
They were followed by Fauji Fertiliser Bin Qasim, up 29 paisa at Rs47.30 on 1.508m shares, Azgard Nine, steady 12 paisa at Rs4.76 on 1.436m shares and Pakistan Oilfields, sharply higher by Rs4.60 at Rs354.85 on 1.286m shares.
FUTURE CONTRACTS: Both the August and September settlements of D.G. Khan Cement came in for active selling and were marked down by 19 paisa for the formers but one paisa up for the latter at Rs19.93 and Rs20.43 on large volume of 2.201m and 2.062m shares respectively.
Lucky Cement also fell by 68 and 35 paisa for its both settlements at Rs70.47 and Rs67.51 on 1.274m and 1.266m shares respectively. National Bank shed another 18 paisa at Rs40.35 on 0.900m shares.
DEFAULTER COMPANIES: Active trading was witnessed on this counter as some of the investors were back in the market and moved both ways. While Invest Bank fell by one paisa at Rs0.26 on 75,071 shares, Brothers Textiles rose by 20 paisa at Rs0.45 on 35,000 shares.
Japan Power rose by six paisa at Rs1.06 on 16,219 shares, while Ravi Textiles eased by 10 paisa at Rs0.80 on 11,507 shares.

Mohammed Saleem Mansoori