Daily Stock Market update: 05 Jan,2012

Stock

Karachi Stocks Down 78.46 Points:
KARACHI, Jan 05: The KSE-100 index was at 11283.51, down 78.46 points.(today 11.58am)

January 4, 2012

 TOP SCRIPTS GAINERS AND LOOSERS:

Millat Tractors	Rs3.61	Unilever Pak Ltd.	Rs (171.71)
Mahmood Textiles	Rs 2.50	Nestle Pakistan	Rs (94.47)
Javedan Cement	Rs 1.86	Siemens Pak	Rs (46.49)
MCB	Rs 1.57	Bata (Pak) Ltd	Rs (40.92)
EFU Insurance	Rs 1.93	Wyeth Pak Limit	Rs (26.25)

    

KSE 30 – Shares Index	Previous10,378.23, Wednesday’s 10,359.14, minus 19.09 points.
KSE 100 – Shares Index	Previous11,402.04, Wednesday’s11,361.97, minus 40.07 points.
MARKET CAPITALIZATION	Previous Rs.2,960.087bn, Wednesday’s 2,950.167bn, minus 9.920m.
VOLUME LEADERS	Lotte Pakistan 6.988m, National Bank 4.735m, NIB Bank 3.021m,Fatima Fertiliser 2.288m, OGDC 2,257m shares.
TOTAL VOLUME	46.131m shares
TOTAL	TONE:mixed,total listed 638,actives 319,inactives 319,plus 107,minus104,unchanged 108

KSE 100-share index loses 40 points.

KARACHI, Jan 4: The stock market on Wednesday turned mixed as some of investors took profits at overnight higher levels, fearing negative fallout of apex court’s order to government to implement NRO verdict by Jan 10 or face action.
A section of leading investors, who was a bit optimistic about safe sailing on the stock market in the coming sessions, took a cautious view of the order and took profits at the overnight rise on some of the blue chip counters, floor brokers said.
But strong selective buying in banking shares, notably National Bank and some others, kept the broader market in a positive mood, indicating that the reversal was temporary and there are lot of buying orders around at the current lower levels, they added.The KSE 100-share index, after an early rising to session’s high of 11,462.38 points, later showed weakness owing to
selling in some leading base shares and was marked down by 40.07 points at 11,361.97.
Some analysts said it was the weakness of the leading base share, OGDC despite a good news about the fresh gas discovery, which weighed heavy against the underlying sentiment and also attracted sympathetic selling in some of the blue chips.
The weakness of the fertiliser sector selling was on reports of possible negative impact on sales after the proposed increase in urea prices.
Engro Corporation, Fauji Fertiliser Bin Qasim and Fatima Fertiliser came in for active profit-selling and ended lower.
But on the other hand, active short-covering in some of the leading banks, notably National Bank, Bank Al Falah, MCB, came
in for active support on reports of higher earnings and higher.
Prominent gainers were led by Millat Tractors and Mehmood Textiles, up Rs3.61 and 2.50, while Unilever Pakistan and Nestle Pakistan were among the top losers, off by Rs171.71 and 94.47, respectively.
Traded volume fell to 46.131m shares from the previous 63m shares but gainers maintained a slight edge over losers at 107 to104, with 108 shares holding onto the last levels.
The active list was led by Lotte Pakistan, steady by 21 paisa at 10.19 on 7m shares followed by National Bank, higher by Rs1.21 at 44.23 on 5m shares, NIB Bank, firm by three paisa at 1.71 on 3m shares, Fatima Fertiliser, lower 39 paisa at 23.46
on 2m shares, OGDC, off 45 paisa at 146.37 also on 2m shares, DG Khan Cement, firm eight paisa at 19.98 on 2m shares and Silk Bank, easy by one paisa at 1.73 on 2m shares.
They were followed by Engro Corporation, off Rs103 at 95.75 on1.683m shares, Fauji Fertiliser Bin Qasim, lower by 68 paisa to 43.72 on 1.602m shares and Hub-Power, up 39 paisa at 35.05 on 1.405m shares.
FUTURE CONTRACTS: National Bank came in for fresh support and was quoted higher by Rs1.13 at 44.52 on 1.503m shares followed by Lotte Pakistan steady by 27 paisa at 10.27 on 0.771m shares and Engro Corporation, off Rs1.12 at 96.56 on 0.630m shares.
They were followed by Fauji Fertiliser Bin Qasim, off 64 paisa at 44.01 on 0.628m shares and Attock Refinery, up 34 paisa at 112.52 on 0.456m shares.
DEFAULTER COs: The trading activity on this counter remained slow in the absence of leading investors and jobbers played on both sides of the fence amid fractional price changes.
Mukhtar Textiles came in for stray support and rose by two paisa at 0.40 on 7,081 shares followed by Dost
Steel which was quoted unchanged at Rs1.10 on 3,480 shares and Ansari Sugar, lower eight paisa at 7.50 on 3,000 shares.

Mohammed Saleem Mansoori