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Monday, 1 August 2011

DAILY STOCK MARKET REPORT: 2nd AUGUST,,2011


Stock
Karachi Stocks Up 0.31 Points:

KARACHI, Aug 02: The KSE-100 Index was at 12253.70, up 0.31 points.
August 1, 2011
5 TOP SCRIPTS GAINER AND LOOSER
Uni Lever Pak Rs 131.07 Bata (Pak) Ltd Rs (21.11)
Colgate Palmol. Rs 12.76 Millat Tractors Rs (7.15)
Pak Oilfield Rs 4.44 Shezan International Rs (3.87)
Al-Abbas Sugar Rs 4.26 BOC Pak Ltd Rs (3.01)
Pak Tobacco Rs 4.16 EFU Life Rs (2.15)

KSE 30 – Shares Index Previous 11,560.23, Monday’s 11,611.08, plus 50.85 points
KSE 100 – Shares Index Previous 12,190.37, Monday’s 12,253.39, plus 63.02 points
MARKET CAPITALIZATION Previous Rs.3,220.905bn, Monday’s 3,236.348, plus 15.443bn
VOLUME LEADERS WorldCall Telecom 3.628m, NIB (right) 2.213m, Fauji Fertiliser 2.138m, Nishat Mills 2.076m, Fauji Fertiliser Bin Qasim 1.945m shares
TOTAL VOLUME 38.935m shares
TOTAL TONE: mixed, total listed 638, actives 321, inactives 317, plus 110, minus 120, unchanged 91




KARACHI, Aug 1: The weekend recovery was further extended on the stock market on Monday as leading base shares came in for renewed short-covering at the lower levels followed by reports of higher corporate earning by some of the leading companies.
The 50 basis point cut in the discount rate by the central bank was welcomed by the investors on the perception that the rate of inflation would be contained around the current levels, some analysts said, while some others said the cut would boost investment in various sectors of the economy after the normalcy returns to the city”.
The benchmark index was quoted further higher by another 63.02 points at 12,253.39 as compared to previous 12,190.37 as leading base shares, notably Fauji Fertiliser, Pakistan Oilfields, D. G. Khan Cement and some others came in for active support and finished with extended gains.
But the turnover figure remained modest, heralding the advent of the holy month of Ramazan, traditionally billed as a month of low volumes as leading section of investors prays more and invest less, some dealers said.
Essentially, it was an anticipatory buying on those counters whose board meetings are due during the current and the next couple of weeks amid market talk of higher payouts both interim and final.
The notable feature was reports of revival of foreign demand, mostly on the oil and fertilizer sectors on the perception that they ensure handsome capital gains around the current level, some floor brokers said The entire trading pattern, however, reflected that status quo was being maintained by leading investors amid fears of law and order situation in the city owing to unabated target killings, they added.
Prominent gainers were led by Unilever Pakistan, and Colgate Pakistan, up Rs131.07 and Rs12.76, while Bata Pakistan and Millat Tractors fell by Rs21.11 and 7.15.
Traded volume fell to 38.935m shares from the previous 46m shares as losers managed to hold a modest lead over the gainers at 120 to 110, with 91 shares holding on to the last levels.
The active list was led by WorldCall Telecom, steady by three paisa at Rs1.68 on 4m shares followed by NIB (right), unchanged at .01 on 2m shares, Fauji Fertiliser, higher by Rs2.46 at Rs162.32 on 2m shares, Nishat Mills, off Rs1.04 at Rs46.35 on 2m shares, Fauji Fertiliser Bin Qasim, steady by 17 paisa at Rs46.99 also on 2m shares, Engro Corporation, off Rs1.14 at Rs141.75 on 2m shares, and National Bank, lower by 23 paisa at Rs53.65 also on 2m shares.
Others were led by NIB Bank, easy four paisa at 1.38 at 1.383m shares, J.S. & Co, lower three paisa at Rs6.78 on 1.325m shares and Lucky Cement, up 28 paisa at Rs73.40 on 1.204m shares.
FUTURE CONTRACTS: Nishat Mills came in for renewed selling and led the list of actives, off Rs1.16 at 46.68 on 0.719m shares, followed by Fauji Fertiliser, firm by four paisa at Rs47.13 on 0.444m shares, and Engro Corporation, off Rs1.05 at Rs143.09 on 0.406m shares.
They were followed by D. G. Khan Cement, up 31 paisa at Rs23.08 on 0.364m shares and Pakistan Oilfields, higher by Rs4.19 at 365.32 on 0.286m shares.

Mohammed Saleem Mansoori

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