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Thursday, 27 October 2011

DAILY STOCK MARKET UPDATE: 28.10.2011


Stock

Karachi Stocks Down 103.73 Points:
KARACHI, Oct 27: At close of trading, the KSE-100 index was at 11283.49, down 103.73 points.

October 27, 2011

TOP  5  SCRIPTS GAINERS AND LOOSERS:
UniLever Pakistan
Rs 28.28
Nestle Pakistan
Rs (29.81)
Bata Pakistan
Rs 21.50
Colgate Pakistan
Rs (11.93)
Millat Tractors
Rs 3.20
Attock Petroleum
Rs (11.33)
Shezan International
Rs 2.97
National Refinery
Rs (10.45)
Agriautos
Rs 2.75
P.S.O.
Rs (8.48)

KSE 30 – Shares Index
Previous 10,607.54, Thursday’s 10,586.28, minus 111,26 points
KSE 100 – Shares Index
Previous 11,387.22, Thursday’s 11,283.49, minus 103.73
MARKET CAPITALIZATION
Pevious Rs.2,982.170bn, Thursday’s Rs.2,953.933bn, mius Rs.28.237bn
VOLUME LEADERS
Fatima Fertiliser 9.170m, Fauji Fertiliser Bin Qasim 6.588m, Financial Equities 6.374m, Lotte Pakistan 5.102m, Engro Corporation 4.208m shares.
TOTAL VOLUME
69.758m shares
TOTAL
TONE: easy, total listed 638, actives 330, inactives 308, plus 74, minus 174, unchanged 82
Karachi Stocks suffer under pressure
KARACHI, Oct 27: The shares market remained under pressure on Thursday as investors continued to take profits at the available margins but evidence of stray covering purchases at dips allowed some of the pivotals to recover modestly.
The KSE 100-share index suffered a fresh setback of about one per cent or 103.73 points at 11,283.49 as compared to previous 11,387.22, reflecting the weakness of the major base shares. The weakness of leading base shares, notably National Bank, PTCL, Arif Habib Corporation and some others added to its weakness.
On the corporate front, the directors of Fauji Fertiliser Bin Qasim have announced third interim dividend at the rate of 30 per cent, while Faysal Bank came out with bonus shares at the rate of 12.5 per cent for the year ended June 30, 2011.
Analysts said the chief factor behind the extended bearishness was fresh selling by foreign investors on oil and other blue chips and absence of matching support even at the falling prices that further aggravated the price situation.
After having eroded Rs25 from its recent peak level of Rs198 couple of weeks earlier, among the leading fertiliser shares, Fauji Fertiliser came in for strong support at the lower levels on the strength of higher sales and was quoted higher by Rs2.37 at 175.43.
“It seemed to have again resumed its upward drive to the target of Rs200 per share,” analysts said and added” there is no reason to doubt about its ability to hit the target after rising as did it fell.” But its sister company, Fauji Fertiliser Bin Qasim suffered fresh pruning and did not sustain the run-up above Rs60 and so did Engro Corporation, which fell by Rs30 during the last couple of weeks from its peak of Rs145 some two weeks earlier, they said.
Minus signs again dominated the list under the lead of Nestle Pakistan and Colgate Pakistan, off Rs29.81 and 11.93, while on the other hand Unilever Pakistan and Bata Pakistan managed to finish with gains, ranging from Rs28.28 and 21.50.
Traded volume fell to 69.758m shares from the previous 81m shares as losers held a strong lead over gainers at 174 to 74, with 82 shares holding on to the last levels.
The active list was topped by Fatima Fertiliers, steady by eight paisa at Rs24.33 on 9m shares followed by Fauji Fertiliser Bin Qasim, off Rs1.49 at 57.77 on 7m shares, Financial Equities, lower 75 paisa at 1.75 on 6m shares, Lotte Pakistan, easy by 55 paisa at 11.06 on 5m shares, Engro Corporation, lower by nine paisa at 110.11 on 4m shares, DG Khan Cement, off one rupee at 20.11 also on 4m shares and National Bank, lower by Rs1.55 at 41.14 on 3m shares.
They were followed by Fauji Fertiliser, up Rs2.37 at 175.43 on 2m shares, PTCL, easy 24 paisa at 10.47 also on 2m shares and Arif Habib Corporation, easy by 41 paisa at 28.89 on 1.710m shares.
FUTURE CONTRACTS: Fauji Fertiliser Bin Qasim came in for renewed selling and was marked down by Rs1.60 at 58.22 on 1.788m shares followed by its October settlement, lower Rs1.59 at 57.71 on 1.253m shares.
Both the settlements of Engro Corporation were down by 53 and 75 paisa at Rs110.08 and 111.06 on 0.953m and 0.949m shares and National Bank, off Rs1.59 at 41.65 on 0.940m shares.
DEFAULTER COs: Japan Power came in for fresh selling and fell by four paisa at Rs0.67 on 30,392 shares followed by Asim Textiles, up 25 paisa at Rs2 on 25,000 shares, Unicap Modaraba, higher by 50 paisa at 0.80 on 24,000 shares and Genertech Power, off 20 paisa on 11,534 shares.
SS Oil was quoted higher by 24 paisa at Rs4.50 on 14,500 shares followed by Ravi Textiles, lower by seven paisa at 0.80 on 10,178 shares and Invest Bank, up eight paisa at 0.35 on 10,019 shares.

Mohammed Saleem Mansoori

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