DAILY STOCK MARKET UPDATE: 30.09.2011

Stock

Karachi Stocks Down 6.75 Points:
KARACHI, Sept 29: At close of trading, the KSE-100 index was at 11618.94, down 6.75 points.

September 29, 2011

TOP  5  SCRIPTS GAINERS AND LOOSERS:

Nestle Pakistan	Rs 116.32	UniLever Pak Ltd	Rs (48.06)
Rafhan Maize	Rs 58.09	Indus Dyeing	Rs (10.21)
Wyeth Pak Limited	Rs 32.61	Millat Tractors	Rs (6.36)
Siemens Pak	Rs 30.93	Shield Corporation	Rs (4.00)
Bata (Pak) Ltd	Rs 30.89	Sitara Chemical	Rs (3.59)

KSE 30 – Shares Index	Previous 11,139.45, Thursday’s 11,133.90, minus 5.55 points
KSE 100 – Shares Index	Previous 11,625.69, Thursday’s 11,642.46, plus 16.77 points
MARKET CAPITALIZATION	Previous Rs.3,068.534bn, Thursday’s 3,071.919bn, plus 3.385bn
VOLUME LEADERS	PTCL 14.935m, Fatima Fertiliser 8.962m, Lucky Cement 5.666m, Soneri Bank 3.475m, Lotte Pakistan 3.316m shares.
TOTAL VOLUME	80.556m shares
TOTAL	TONE: steady, total listed 638,actives 358, inactives 280, plus 141, minus 136, unchanged 81

Stocks manage modest gains

KARACHI, Sept 29: The share market on Thursday consolidated previous gains amid alternate bouts of buying and selling but the underlying sentiment remained uppishly inclined to active trading.
Unlike the previous sessions, price changes were mostly fractional even on the blue chip counters and confined to paisa, reflecting that investors are consolidating positions after having remained an active buyers during the last three sessions.
The benchmark posted a fresh modest increase of 16.77 points at 11,642.46, as some of the leading base shares, notably Lucky Cement on expectations of higher first quarter earnings and some other blue chips, notably Engro Corporation.
“After last two day’s upsurge of 3.2 per cent, share market stabilised around the higher levels,” a leading analyst Samar Iqbal said and added: “Instances of selling in the oil sector followed by fall in global prices limited the market upsurge.”
Some other current actives, notably fertilizer shares also came in for active profit-selling but leading cement shares came in for active short-covering at the lower level on reports of higher earnings, he said.
“Stocks maintained their winning streak for third session in a row aided partly by positive White House remarks, refusing to endorse the US army chief’s allegations on the ISI,” another leading analyst Ahsan Mehanti said.
The other supporting factor was India’s support to the Pakistan’s EU waiver package in WTO, a significant political development, which could significantly boost Pakistan’s foreign trade, he said.
Leading gainers were led by Nestle Pakistan and Rafhan Maize, up by Rs116.32 and 58.09, while losers were led by Unilever Pakistan and Indus Dyeing, off Rs48.06 and 10.21.
Traded volume was maintained on the higher side at 80.551m shares as compared to 87m shares a day earlier but gainers topped losers by 141 to 136, with 81 shares holding on to the last levels.
The active list was topped by PTCL, steady by eight paisa at Rs11.35 on 15m shares followed by Fatima Fertiliser lower 27 paisa at Rs18.38 on 9m shares, Lucky Cement, sharply higher by Rs2.39 at 74.95 on 6m shares, Soneri Bank, up 34 paisa at
4.74, Lotte Pakistan, easy 20 paisa at 11.76 on 3m shares, Arif Habib Corporation, firm by 25 paisa at 28.05 also on 3m shares, and D.G. Khan Cement, steady by 15 paisa at 20.13 on 3m shares.
They were followed by Fauji Fertiliser Bin Qasim, easy by 11 paisa at Rs57.61 on 3m shares, Nishat Mills, off 57 paisa at 47.89 on 2m shares and Engro Corporation, up Rs1.08 at 140.76 also on 2m shares.
FUTURE CONTRACTS: D.G. Khan Cement led the list of actives, up 18 paisa at Rs20.13 on a large volume of 2.134m shares, while its October settlement rose by 15 paisa at 20.40 on 2.113m shares, Engro Corporation followed, higher by Rs1.99 at Rs142.19 for its October delivery on 1.140m shares, and its September contract rose by Rs1.06 at Rs140.93 on 0.868m shares.
Fauji Fertiliser Bin Qasim fell by 34 paisa at Rs58.03 on 0.684m shares.

Mohammed Saleem Mansoori