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Monday, 31 October 2011

DAILY STOCK MARKET UPDATE: 01.11.2011


Stock

Karachi Stocks Up 302.10 Points:
KARACHI, Oct 31: At close of trading, the KSE-100 index was at 11863.77, up 302.10 points

October 31, 2011

TOP  5  SCRIPTS GAINERS AND LOOSERS:
Int. Ind.Ltd.
Rs 32.89
UniLever Pak Ltd
Rs (97.34)
Millat Tractors
Rs 16.22
AL-Ghazi Tractor
Rs (8.59)
National Refinery
Rs 15.48
Service Industries
Rs (5.00)
Bata (Pak) Ltd
Rs 11.67
Blessed Woolen
Rs (3.70)
P.S.O.
Rs 11.64
Gadoon Textile
Rs (2.28)

KSE 30 – Shares Index
Previous 10,895.09, Monday’s 11,243.40, plus 348.31 points.
KSE 100 – Shares Index
Previous 11,561.67, Monday’s 11,868.88, plus 307.21 points.
MARKET CAPITALIZATION
Previous Rs.3,021.576, Monday’s Rs.3,098.578, plus Rs.77.002bn
VOLUME LEADERS
J.S. & Co 15.496m, Azgard Nine 8.754m, Fauji Fertiliser Bin Qasim 8.541m, D.G.Khan Cement 5.198m, Lotte Pakistan 4.825m shares.
TOTAL VOLUME
101.135m shares
TOTAL
TONE:firm,total listed 638,actives 332,inactives 306,plus 165,minus 83,unchanged 84
Stocks stage spectacular rally of 307 points
KARACHI, Oct 31: The share market on Monday extended the weekend rally on strong follow-up support triggered by reports of a sharp increase in the selling prices of urea by a leading producer.
The benchmark KSE 100-index added another 307.21 points or 2.66 per cent to the weekend total at 11,868.88 compared to 11,561.67 last weekend as leading base shares virtually raced toward their pre-reaction levels.
It virtually galloped to its pre-reaction level of 12,000-point and indications are that the current rally in the fertiliser sector would be joined by the low-priced oil shares as some foreign investors have already resumed their covering operations.
“At one stage all roads appear to be leading to the fertiliser sector under the lead of Engro Corporation, which has raised urea price by a record Rs400 per bag,” said stock analyst Ahsan Mehanti.
He said some other contributory positive factors, notably higher quarterly earnings of Rs14.50 per share by PSO and some positive developments on the circular debt also played a dominating role in sustaining the weekend snap rally.
Other leading fertiliser shares, Fauji Fertiliser, Fatima Fertiliser and Fauji Fertiliser Bin Qasim also responded positively to the news and were quoted higher.
The market seemed to have ignored the heating up of the political scenario in the wake of rallies by some of the major parties apparently to demonstrate their street power, analyst Samar Iqbal said.
It confidently followed its own fundamentals after having passed through a lean period and about five per cent rise during the last two sessions reflects that investors mean business without deterred by the political scenario, he added.
Prominent gainers were led by Millat Tractors and National Refinery, up by Rs16.22 and Rs15.48, while major losers included Unilever Pakistan and Al-Ghazi Tractors, off Rs97.34 and Rs8.59.
Traded volume soared above the prohibited level of 100m shares at 101.135m shares as gainers held a strong lead over the losers at 165 to 83 with 84 shares holding onto the last levels.
The active list was led by JS & Co, up Re1 one rupee at Rs5.81 on 16m shares followed by Azgard Nine, firm by 46 paisa at Rs4.29 on 9m shares, Fauji Fertiliser Bin Qasim, higher by Rs2.57 at Rs62.67 also on 9m shares, D.G. Khan Cement, firm by 70 paisa at Rs21.06 on 5m shares, Lotte Pakistan, steady by 25 paisa at Rs11.41 also on 5m shares, Bank Alfalah, unchanged at Rs10.98 on 4m shares and Pakistan Oilfields, higher by Rs2.94 at Rs360.45 on 3m shares.
They were followed by Lucky Cement, up 89 paisa at Rs82.91 on 3m shares, Nishat Chunian, easy 31 paisa at Rs17.15 on 2m shares and National Bank, higher by Rs2.07 at Rs43.64 also on 2m shares. FUTURE CONTRACTS:
The active list on this counter was led by Fauji Fertiliser Bin Qasim, higher by Rs2.46 at Rs62.94 on 2.425m shares followed by Azgard Nine, firm by 46 paisa at Rs4.37 on 1.961m shares and D.G. Khan Cement, up 74 paisa at Rs21.29 on 0.623m shares.
National Bank, higher by Rs2.10 at Rs44.13 on 0.524m shares and Pakistan Oilfields, higher by Rs2.65 at Rs362.69 on 0.436m shares. DEFAULTER COMPANIES:
Japan Power was actively traded at the previous level of Rs0.63 on 0.386m shares followed by Ravi Textiles, steady by two paisa at Rs0.87 on 35,029 shares and Shahpur Textiles, lower by 23 paisa at Rs0.25 on 11,440 shares. All others were either-way fractionally traded. DIVIDEND:
On the corporate front, Indus Dyeing and Manufacturing Company has announced an interim dividend at rate of 50 per cent for the quarter ended Sept 30, 2011, while Shadman Cotton Mills have omitted the payout for the year ended Sept 30, 2011.
Mohammed Saleem Mansoori

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