DAILY STOCK MARKET UPDATE: 15.11.2011

Stock

Karachi Stocks Up 8.05 Points:
KARACHI, Nov 15: The KSE-100 index was at 12016.53, up 8.05 points.

November 14, 2011

TOP  5  SCRIPTS GAINERS AND LOOSERS:

UniLever Pak Ltd	Rs 51.58	Nestle Pakistan	Rs (79.99)
Indus Dyeing	Rs 13.66	National Refinery	Rs (3.80)
Clariant Pakistan	Rs 3.87	Clover Pakistan	Rs (2.84)
Fauji Fertilizer	Rs 3.63	Service Industries	Rs (2.07)
Shezan International	Rs 3.04	Zil	Rs (1.92)

KSE 30 – Shares Index	Previous 11,382.98,Monday’s 11,380.51, minus 2.47 points
KSE 100 – Shares Index	Previous 12,038.48, Monday’s 12,008.48, minus 30.45 points
MARKET CAPITALIZATION	PreviousRs.3,135.967bn,Monday’s3,125.898bn,minus 8.069bn
VOLUME LEADERS	Bank AlFalah 10.703m, Lotte Pakistan 2.929m, Meezan Bank 2.305m, Fauji Fertiliser 1.962m, Fatima Fertiliser 1.693m shares.
TOTAL VOLUME	39.566m shares
TOTAL	TONE; easy, total listed 638, actives 322, inactives 316, plus 88, minus142, unchanged 92

KSE 100-share Index loses 30 points

KARACHI, Nov 14: The shares market on Monday ran into mild profit-selling at the weekend higher levels, but selling was well-absorbed at the falling prices, notably on the blue chip counters.
The market appears to be in a consolidation mood as leading investors stayed on the sidelines, apparently awaiting HinoPak Motors interim working results for the half year ended Sept 30, analysts said, pointing towards a section of investors and also some ‘positive leaks’ of financial of results of those companies whose board meetings are due during the current and next week.The entire activity, however, appears to be of a jobbing nature as investors mostly played safe and did not opt for large short-covering even at the falling prices on some of the active counters, some others said.
The KSE 100-share index suffered a modest correction, but managed to hold on to its barrier of 12,000 point at 12,008.48 points, off 30.45 points, reflecting the weakness of some leading base shares under the lead of Engro Corporation, Arif Habib Corporations and National Bank.
The volume figure shrank to a modest proportion as leading investors still appear to be in the process of readjusting their portfolios ahead of board meetings of some of the leading companies.
The highlight of the session was active alternate bouts of buying and selling in Bank Al Falah, which turned out to be a large volume of about 11m shares, but closed 12 paisa lower at 11.76 after having touched the session’s high of Rs12.11 at one stage.
Minus signs dominated the list under the lead of Nestle Pakistan and National Refinery, which were quoted lower by Rs79.99 and 3.80, but on the other hand, Unilever Foods and Indus Dyeing were quoted higher by Rs51.58 and 13.66, respectively.
Traded volume fell to 39.566m shares from the previous 40m shares as losers held a lead over the gainers at 142 to 88, with 92 shares holding on to the last levels.
Apart from Bank Al Falah, the active list was led by Lotte Pakistan, easy by 20 paisa at Rs10.98 on 3m shares followed by Meezan Bank, lower by 11 paisa at 19.88 on 2m shares, Fauji Fertiliser, higher by Rs3.63 at 189.26 on also on 2m shares, Fatima Fertiliser, steady by 21 paisa at 24.00 on 1.693m shares, Engro Corporation, off Rs2.28 at 129.72 on 1.219m shares, and Pakistan Oilfields, up Rs1.49 at 360.07 on 1.333m shares.
They were followed by Fauji Fertiliser Bin Qasim, steady by six paisa at 59.78, National Bank, easy 30 paisa at 45.14 on 0.975m shares and Arif Habib Corporation, off 44 paisa at 30.66 on 0.720m shares.
FUTURE CONTRACTS: Engro Corporation led the list of actives, off Rs2.37 at 130.41 on 0.536m shares followed by Fauji Fertiliser, higher by Rs3.69 at 189.36 on 0.306m and for its B lot, up 3.35 at 184.35 on 0.306m shares, respectively.
National Bank was marked down by 21 paisa at 45.38 on 0.277m shares and Pakistan Oilfields, higher by Rs1.19 at 361.07 on 0.223m shares.
DEFAULTER COs: The activity on this counter was slack as only four shares came in for stray but ended at the weekend levels barring Genertech Power, up eight paisa at 0.38 on 8,562 shares.

Mohammed Saleem Mansoori