DAILY STOCK MARKET REPORT: 8TH SEPTEMBER,2011

Stock

Karachi Stocks Up 10.52 Points:
KARACHI, Sept 07: At close of trading, the KSE-100 index was at 11329.77, up 10.52 points.

September 07, 2011

5 TOP SCRIPTS GAINER  AND LOOSER

UniLever Pak Rs 15.00 Rafhan Maize Rs (134.00) Attock Petroleum Rs 3.24 Nestle Pakistan Rs (26.64) Pak Refinery Rs 2.94 Millat Tractors Rs  (17.62) Attock Refinery Rs 2.74 AL-Ghazi Tractor Rs (9.59) National Bank Rs 2.03 Service Industries Rs (4.50)

KSE 30 – Shares Index	Previous 10,880.77, Wednesday’s 10,895.16, plus 14.39 points.
KSE 100 – Shares Index	Previous 11,319.15, Wednesday’s 11,329.77, plus 10.52 points.
MARKET CAPITALIZATION	Previous Rs.2,996.386bn, Wednesday’s 3,000.154bn, plus 3.768bn.
VOLUME LEADERS	Lotte Pakistan 8.361m, National Bank 6,654m, Fatima Fertiliser 6.305m,D.G.Khan Cement 4.794m, Arif Habib Corporation 3.440m shares.
TOTAL VOLUME	86.324m shares
TOTAL	TONE:steady, total listed 637, actives 331, inactives 306, plus 141, minus 101, unchanged 89

KSE 100-share index gains 10.52 points

KARACHI, Sept 7: The stock market on Wednesday maintained higher trend despite profit-selling in some of the leading shares under the lead of OGDC and some others but the on-balance close was on the higher side thanks to presence of support at the dips.
After early rising by about 60 points, what the dealers called, the extension of the overnight run-up, the KSE 100-share index later reacted from the early highs as some of the leading base shares came in for active selling at the inflated levels but ended with a modest
gain of 10.50 points at 11,329.77 points.
Turnover figure also maintained its upward drive thanks to active bouts of buying and selling and was maintained at the overnight level of 86m shares, signalling that the 100m share mark may now not be that far off.
Although Engro Corporation, came in for active profit selling at the higher levels after a series of upper locks but National Bank maintained its upward drive on sustained support and was subjected to a fourth upper lock.
Stock analyst Faisal R Abbas said investors welcomed the steady rise in the daily volume figure, which in a way reflects that the mood of the investors is positive and the market may be heading for a major breakthrough.
“But the more important development is that the institutional interest is being steadily diversified to some hereto neglected counters, notably the mutual funds,” he said “and that could possibly lead to the needed market depth.”
Another leading analyst Ahsan Mehanti said that the perception of peace in the city was another positive factor, which played a significant role in restoring investor confidence as was reflected by the market’s bullish stance during the last couple of sessions.
“After two days of bullish momentum, the market took a breather but closed in a narrow positive territory,” another leading analyst Mohammad Rizwan said and added “Attock group of companies and some leading cement shares attracted good support at the current levels.”
Plus signs dominated the list under the lead of Unilever Pakistan and Attock Petroleum, up by Rs15.00 and 3.24, while prominent losers included Rafhan Maize and Nestle Pakistan, off Rs134.00 and 26.64.
The active list was topped by Lotte Pakistan, firm by 32 paisa at Rs12.04 on 8m shares followed by National Bank, higher by Rs2.03 at 42.72 on 7m shares, Fatima Fertiliser, easy by six paisa at 17.10 on 6m shares, D G Khan Cement, lower by 40 paisa at 20.18 on 5m shares, Arif Habib Corporation, unchanged at 25.57 on 4m shares, Descon Oxychem, up one rupee at 6.59 on 3m shares and Nishat Mills, up Rs1.27 at 47.64 also on 3m shares.
They were followed by Hum Network, higher one rupee at 12.00 on 3m shares, Lucky Cement, higher by 87 paisa at 73.70 also on 3m shares and PTCL, off 41 paisa at 11.43 on 3m shares.
FUTURE CONTRACTS: National Bank again led the list of actives, higher by Rs2.05 at 43.10 on a large volume of 1.746m shares followed by Fauji Fertiliser Bin Qasim, steady by 27 paisa at 50.70 on 0.868m shares and Engro Corporation, steady by 47 paisa at 131.56 on 0.867m shares.
They were followed by D G Khan Cement, lower 41 paisa at 131.56 also on 0.867m shares, and Nishat Mills, up Rs1.12 at 47.96 on 0.834m shares.
DEFAULTER COs: Steady conditions prevailed on this counter where prices showed fractional gains amid slow trading.
Hajra Textiles led the list of actives, up nine paisa at 0.59 on 18,602 shares followed by Shahpur Textiles, unchanged at 0.35 on 13,000 shares, Invest Bank, steady one paisa at 0.28 on 10,752 shares and Brothers Textiles, firm by three paisa at 0.48 on 10,700 shares.

Mohammed Saleem Mansoori