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Thursday, 20 October 2011

DAILY STOCK MARKET UPDATE: 21.10.2011


 

Stock

Karachi Stocks Up 30.46 Points:
KARACHI, Oct 20: At close of trading, the KSE-100 index was at 11670.92, up 30.46 points.

October 20, 2011

TOP  5  SCRIPTS GAINERS AND LOOSERS:
Unilever Pakistan
Rs 196.57
National Refinery
Rs (11.18)
Bata Pakistan
Rs 40.23
Rafhan Maize
Rs  (4.15)
Nestle Pakistan
Rs 37.13
Fauji Fertilizer
Rs (3.45)
Indus Dyeing
Rs 18.66
Pakistan Refinery
Rs  (2.55)
Service Industries
Rs 10.03
Atlas Battery
Rs (2.00)

KSE 30 – Shares Index
Previous 11,095.49, Thursday’s 11,125.61, plus 30.12 points
KSE 100 – Shares Index
Previous 11,640.46, Thursday’s 11,685.15, plus 44.69 points
MARKET CAPITALIZATION
Previous 3,053.798bn, Thursday’s 3,064.709bn, plus 10.911
VOLUME LEADERS
Fatima Fertiliser 8.148m, National Bank 7.640m, Lotte Pakistan 5.590m, Pace Pakistan5.022m, D.G. Khan Cement 4.976m shares.
TOTAL VOLUME
75.406m shares
TOTAL
TONE:steady, total listed 638, actives 358, inactives 280, plus 146, minus 109, unchanged 103
Stocks stage recovery of 45 points
KARACHI, Oct 20: The shares market on Thursday resisted fresh fall as leading institutional investors covered positions at lower levels on the blue chip counters amid an actively traded session.
Essentially, it was technical short-covering in a highly oversold market after the overnight massive plunge of over two per cent.
Together with the previous losses, some of the leading shares in the banking and oil sectors came in for active support as no one was inclined to miss an attractive bait of higher capital gains, most analysts were of the view.
But some others attributed the recovery to some positive developments in regard to forced sale of pledged shares in banks against non-performing loans. National Bank, which has been under pressure for the last couple of sessions, showed a smart recovery.Bank shares reacted favourably to the news, and along with the other blue chips were in the forefront of rising market, they added.
The KSE 100-share index recovered a good part of the lost ground and was quoted higher by 44.69 points at 11,685.15 as leading shares, notably notably Lucky Cement and National Bank and some oil shares led the market recovery.
But on the other hand Fauji Fertiliser, Engro Corporation and Fatima Fertiliser came in for renewed selling and were quoted sharply lower under the lead of former.
Prominent gainers were led by Unilever Pakistan and Bata Pakistan, up by Rs196.57 and 40.23, while top losers include National Refinery and Rafhan Maize, off Rs11.18 and 4.15.
Traded volume fell to 75.406m shares from the previous 113m shares but gainers held a fair lead over the losers at 146 to 109, with 103 shares holding on to the last levels.
The active list was led by Fatima Fertiliser, off 83 paisa at Rs23.39 on 8m shares followed by National Bank, higher by Rs1.92 at 44.81 also on 8m shares, Lotte Pakistan, steady by 27 paisa at 12.50 on 6m shares, Pace Pakistan, firm by 21 paisa at 1.86
on 5m shares, DG Khan Cement, lower by 46 paisa at 21.66 also on 5m shares, Fauji Fertilizer Bin Qasim, steady by 24 paisa at 61.95 on 5m shares and Fauji Fertiliser, sharply lower by Rs3.45 at 185.00 on 4m shares.
They were followed by Bank AlFalah, up 44 paisa at 11.20 on 3m shares, Engro Corporation, off Rs1.36 at 123.68 also on 3m shares and Lucky Cement, sharply higher by Rs2.11 at 82.30 on 2m shares.
FUTURE CONTRACTS: National Bank came in for active support and rose by Rs1.88 at 44.98 on large volume of 1.214m shares followed by Fauji Fertiliser, off Rs3.60 at 185.38 on 1.136m shares and Engro Corporation, off Rs1.76 at 124.01 on 1.091m
shares.
Fauji Fertiliser Bin Qasim followed them, steady by eight paisa at 62.10 on 0.955m shares and Arif Habib Corporation, lower 47 paisa at 30.81 on 0.497m shares.
DEFAULTER COs: Ravi Textiles led the list of actives, up 10 paisa at Rs0.86 on 55,612 shares followed by Invest Bank, easy by three paisa at 0.28 on 20,003 shares, Japan Power, up seven paisa at 0.78 on 14,906 shares and Hydery Constructions,
steady by two paisa at 0.35 on 9,019 shares.
DIVIDEND: On the corporate front, the directors of Otsuka Pakistan have declared an interim cash dividend at the rate of 12.5 per cent for the quarter ended Sept 30, 2011.

Mohammed Saleem Mansoori



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