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Wednesday, 14 December 2011

Daily Stock Market update: 15 Dec,2011



Stock



Karachi Stocks Up 29.82 Points:
KARACHI, Dec 14: At close of trading, the KSE-100 index was at 11307.84, up 29.82 points.

December 14, 2011

TOP  5  SCRIPTS GAINERS AND LOOSERS:
Attock Petroleum
Rs 13.12
Nestle Pakistan
Rs (82.79)
Al-Ghazi Tractors
Rs 8.43
Unilever Pak Ltd
Rs (9.91)
Fauji Fertilizer
Rs 4.62
Bhanero Textile
Rs (3.98)
Atlas Honda
Rs 4.50
Exide Pakistan
Rs (3.19)
Shell Pakistan
Rs 3.52
Mehmood Textiles
Rs (2.60)

KSE 30 – Shares Index
Previous 10.421.98, Wednesday’s 10,469.17, plus 47.19 points
KSE 100 – Shares Index
Previous 11,278.02, Wednesday’s 11,300.99, plus 22.97 points
MARKET CAPITALIZATION
Previous Rs.2,925.288bn, Wednesday’s 2,930.232bn, plus 4.944bn
VOLUME LEADERS
Engro Corporation 3.711m, Fatima Fertiliser 3.256m, National Bank 2.281m, Nishat Mills 2.116m, Fauji Fertiliser 2.011m shares.
TOTAL VOLUME
34.960m shares
TOTAL
TONE: steady, total listed 638, actives 304, inactives 334, plus 106, minus 102, unchanged 96


KSE-100 Index recovers 23 points amid shaky sentiment
KARACHI, Dec 14: The stock market recovered from the overnight lows on Wednesday on revival of demand on blue chip counters at the lower levels but the underlying sentiment remained shaky owing to continued standoff with the US on political front.
The KSE 100-share index was, however, quoted higher by 22.97 points at 11,300.99 as compared 11,278.02 a day earlier as leading base shares came in for active short-covering under the lead of Attock Petroleum, Shell Pakistan, OGDC, Fauji Fertiliser and some others that finished higher. Analysts said the massive overnight erosion, caused by active selling in the index-heavy OGDC, which shed Rs4 and contributed about a half to the total fall of about 1.7 per cent, was one of the chief reasons behind the massive sell-off.
But a good bit of short-covering in it along with some other pivotals at the decline enabled the market to put on a relatively better show, they said.
“The chief trigger could be the normal ties with US,” believes a leading analyst Ahsan Mehanti “and until it is around as diplomatic efforts indicate there may not be a major breakthrough in the future performance of the bourse.”
He said the Senate freeze on $700m aid and some other such punitive steps may be around in future but investors are still foreseeing a return of normalcy in the political ties with the US. Another leading analyst Ashraf Zakrai said the fall in the benchmark and the rebound the very next day reflects that there is nothing with basic corporate triggers and some of them are still at work as was reflected by the performance of the broader market.
“The market has the capacity to steal a breather in the most trying conditions and the year-end portfolio adjustments and corporate announcements could put it back on the rails before the year is out,” he believes.
Prominent gainers were led by Attock Petroleum and Al-Ghazi Tractors, up by Rs13.12 and 8.43, while major losers included Nestle Pakistan and Unilever Pakistan, off by Rs82.79 and 9.91.
Traded volume fell to 34.960m shares from the previous 41m shares but gainers managed to hold a modest edge over the losers at 106 to 102, with 96 shares remaining pegged at the last levels.The active list was led by Engro Corporation, off Rs1.06 at 104.03 on 3.711m shares followed by Fatima Fertiliser, easy by 30 paisa at 22.10 on 3.256m shares, National Bank, off 87 paisa at 40.49 on 2.281m shares, Nishat Mills, higher by Rs1.34 at 41.43 on 2.116m shares, Fauji Fertiliser sharply higher by Rs4.62 at 156.79 on 2.011m shares, Lotte Pakistan, lower 24 paisa at 9.03 on 1.489m shares. And Attock Refinery, off Rs1.43 at 111.08 on 1.247m shares.
They were followed by Fauji Fertiliser Bin Qasim, firm by 39 paisa at 48.31 on 1.154m shares, TRG Pakistan, easy seven paisa 1.23 on 1.095m shares and NIB Bank, steady by two paisa at 1.35 on 0.943m shares.
FUTURE CONTRACTS: Engro Corporation came in for renewed selling and was marked further down by 95 paisa at 104.71 on large volume of 1.214m shares followed by Fauji Fertiliser, up Rs4.69 at 157.74 on 0.875m shares and National Bank, off 97 paisa at 40.69 on 0.653m shares.
They were followed by Attock Refinery, off Rs1.55 at 111.66 on 0.427m shares and Fauji Fertiliser Bin Qasim, steady by 43 paisa at 48.56 on 0.335m shares.
DEFAULTER COs: Dost Steel led the list of actives, up one paisa at Rs1.17 on 32,230 shares followed by Brothers Textiles, unchanged at 0.50 on 25,613 shares and Kohinoor Power, also unchanged at 1.50 on 4,001 shares.
Mohammed Saleem Mansoori

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