DAILY STOCK MARKET UPDATE: 13TH OCTOBER,2011

Stock

Karachi Stocks Down 33.58 Points:
KARACHI, Oct 11: At close of trading, the KSE-100 index was at 12058.74, down 33.58 points.

October 12, 2011

TOP  5  SCRIPTS GAINERS AND LOOSERS:

Attock Petroleum	Rs 14.14	Siemens Pakistan	Rs (25.81)
Bhanero Textiles	Rs 12.21	Wyeth Pakistan	Rs (12.86)
National Refinery	Rs 4.4	Nestle Pakistan	Rs (12.73)
Pak Oilfield	Rs 3.89	Millat Tractor	Rs (3.82)
Fauji Fertilizer	Rs 3.76	Biafo Ind	Rs (3.75)

KSE 30 – Shares Index	Previous 11,545.08, Wednesday’s 11,584.55, plus 39.47 points
KSE 100 – Shares Index	Previous 12,054.08, Wednesday’s 12,059.07, plus 4.25 points
MARKET CAPITALIZATION	Previous Rs 3,167.833bn, Wednesday’s 3,169.144bn, plus 1.311bn
VOLUME LEADERS	Lotte Pakistan 31.731m shares, Fauji Fertiliser Bin Qasim 9.604m, Hub-Power 8.435m, Fatima Fertiliser 7.092m, Arif Habib Corporation 6.603m shares
TOTAL VOLUME	117.813m shares
TOTAL	TONE: steady, total listed 638, atives 367, inatives 271, plus 120, minus 151, unchanged 96

Karachi Stocks gains

KARACHI, Oct 12: The stock market on Wednesday consolidated previous gains on renewed covering purchases on the oil and fertilizer counters but floor brokers said the post-interest rate cut buying euphoria is still to manifest itself in a bigger way.
The KSE 100-share index posted fractional rise of 4.25 points at 12,050.07 as leading base shares, notably Engro Corporation, Fauji Fertiliser, Arif Habib Corporation, Fauji Fertiliser Bin Qasim and leading oil shares came in for fresh support.
Analysts were, however, of the view that the current consolidation moves reflect that battle lines are being drawn for the target areas and there could be many pleasant surprises in the coming sessions.
“Renewed covering purchases in the fertilizer shares at the current levels could well give the needed push to big market players on the other counters, paving the way for the benchmark to maintain its onward thrust beyond the level of 12,000, they added.
They said investors appear to be in the process of adding new portfolios to the existing ones in the light of interest cut and the leveraged stocks could lead the rally in the coming sessions.
Market sources said that fears of political instability keep some of the leading foreign investors operating in the oil sector a bit shy as far as other blue chips are concerned in which they had a big stake previously.
Leading gainers were led by Attock Petroleum, and Bhanero Textiles, up Rs14.14 and 12.21, while among the top losers Siemens Pakistan and Wyeth Pakistan were leading, off by Rs25.81 and 12.86, respectively.
Traded volume declined further to 117.813m shares from the previous 142m shares but gainers held a strong lead over the losers at 151 to 96, with 96 shares holding to the last levels.

The active list was led by Lotte Pakistan on reports of higher payout, up 71 paisa at Rs12.89 on 32m shares followed by Fauji Fertiliser Bin Qasim, steady by 86 paisa at 62.14 on 10m shares, Hub-Power, firm by 33 paisa at Rs42 on 9m shares, Fatima Fertiliser, easy by 26 paisa at Rs21 on 7m shares, Arif Habib Corporation, higher by Rs1.27 at 34.33 on 7m shares, D. G. Khan Cement, lower by 57 paisa at 22.56 also on 7m shares, and J.S. & Co, firm by 11 paisa at 5.66 on 4m shares, Fauji Fertiliser, up Rs3.86 at Rs184.10 on 4m shares and PTCL, steady by one paisa at 12.60 on 3m shares. They were followed by Sui Northern, up by Rs1.05 at 22.29 on 4m shares.
FUTURE CONTRACTS: Lotte Pakistan also led the list of actives on this counter on reports of higher earning, up 75 paisa at Rs1.297 on 3.034m shares followed by Arif Habib Corporation, higher by Rs1.05 at 29.79 on 3.034m shares and Fauji Fertiliser Bin Qasim, firm by 81 paisa at Rs62.55 on 1.864m shares.
They were followed by Fauji Fertiliser, higher by Rs3.51 at 185.23 on 0.698m shares and Engro Corporation, up Rs1.32 at 146.47 on 0.692m shares.
DEFAULTER COS: Bawany Sugar came in for stray selling and was marked down by 37 paisa at Rs8.63 on 15,145 shares followed by Brothers Textiles, easy nine paisa at 0.30 on 11,141 shares, Ravi Textiles, lower by three paisa at 0.78 on 11,019 shares, and Mubarak Textiles, up 78 paisa at 1.40 on 10,505 shares.
All others showed fractional either-way changes on light volumes.

Mohammed Saleem Mansoori