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Thursday, 20 October 2011

DAILY STOCK MARKET UPDATE: 20.10.2011


Stock

Karachi Stocks Down 15.06 Points: (TODAY)
KARACHI, Oct 20: The KSE-100 index was at 11625.40, down 15.06 points.

October 19, 2011

TOP  5  SCRIPTS GAINERS AND LOOSERS:
Unilever Pak Ltd
Rs 57.79
Nestle Pakistan
Rs (15.01)
Colgate Palmolive
Rs 13.15
Millat Tractors
Rs (10.07)
Bata (Pak) Ltd
Rs 9.16
Fauji Fertiliser
Rs (9.90)
Pak Services
Rs 6.60
Attock Petroleum
Rs (8.99)
Fazal Cloth Mill
Rs 4.08
MCB Bank
Rs (8.30)

KSE 30 – Shares Index
Previous 11,424.72,Wednesday’s 11,095.49, minus 329.23 points.
KSE 100 – Shares Index
Previous 11,912.19, Wednesday’s 11,640.46, minus 271.73 points
MARKET CAPITALIZATION
Previous Rs3,122.397bn,Wednesday’s Rs3,053.798bn, minus Rs68.599bn
VOLUME LEADERS
Fatima Fertiliser 16.765m, Engro Corporation 13.731m, PTCL 7.257m,Fauji Fertiliser Bin Qasim 6.331m, Fauji Fertiliser 5.248m shares.
TOTAL VOLUME
112.420m shares.
TOTAL
TONE: bearish, total listed 638, actives 336, inactives 302, plus 84, minus 174, unchanged 78
KSE 100-index plunges by 271 points
KARACHI, Oct 19: The share market on Wednesday suffered fresh price erosions on selected counters as investors continued to take profits at the available margins in the absence of follow-up support.
The benchmark plunged by 2.28 per cent or 271.73 points at 11,640.46 points eroding Rs69bn from the market capital as
most of leading base shares were targeted at the prevailing highs.
But what weighed heavily against the underlying sentiment was active institutional selling in some of the pivotals, notably Fauji Fertiliser, MCB Bank and Pakistan Petroleum which created panic-like conditions in the market in the backdrop of outflow of $60m in Hubco deal, said a leading analyst Samar Iqbal.
“Investors seemed to be watching changing political developments before taking fresh positions at the lower levels on those counters whose board meetings are due during this and next week,” said analyst Ahsan Mehanti commenting on the current market trend.
They said earning reports pouring in daily were not bad and could have sustained the benchmark above the recently barrier of 12,000 points but the market is worried over the continued absence of foreign investors even on their coveted oil sector despite prevailing lower prices.
But after snap positive flashes here and there in the post-dividend dealings prices again declined though modestly in the absence of strong demand from the market leaders, they said.
The entire proceeding appears to be a jobbing affair as bargain hunters played on both sides of the market taking profit at the rise and selling at the decline.
Traded volume soared to 30-week high at 112.420m shares but losers held a strong lead over the gainers at 174 to 84, with 78 shares holding on to the last levels.
The active list was led by Fatima Fertiliser, easy by 16 paisa at Rs24.22 on 17m shares followed by Engro Corporation, off Rs2.44 at Rs124.94 on 14m shares, PTCL, lower 74 paisa at Rs10.78 on 7m shares, Fauji Fertiliser Bin Qasim, off Rs1.96 at
Rs61.71 on 6m shares, Fauji Fertiliser, sharply lower by Rs9.90 at Rs188.45 on 5m shares, Lotte Pakistan, easy by 44 paisa at Rs12.23 also on 5m shares and Arif Habib Corporation, lower 39 paisa at Rs31.20 on 5m shares .
They were followed by Azgard Nine, easy 10 paisa at Rs4.19 on 4m shares, Pakistan Oilfields, off Rs2.17 at Rs360.64 on 3m shares and Pakistan Petroleum, sharply lower by Rs8.98 also on 3m shares.
FUTURE CONTRACTS: Engro Corporation led the list of major losers, off Rs2.27 at Rs125.77 on 2.297m shares followed by Fauji Fertiliser, easy by Rs1.96 at Rs62.02 on 1.510m shares and Fauji Fertiliser, sharply lower by Rs9.79 at Rs188.98 on 1.274m shares.They were followed by Arif Habib Corporation, lower by 54 paisa at Rs31.28 on 1.024m shares and Pakistan Oilfields, off Rs2.51 at Rs362.03 on 0.825m shares.
DEFAULTER COUNTER: The active list was again led by Japan Power, easy by eight paisa at Rs0.71 on 0.306m shares followed by Mukhtar Textiles, steady by two paisa at Rs0.33 on 31.586m shares and Brothers Textiles, lower two paisa at 0.30 on 6,237 shares.

Mohammed Saleem Mansoori

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