Follow by Email

Thursday, 26 January 2012

DAILY STOCK MARKET UPDATE: 27.01.2012


Stock



Karachi Stocks Down 73.82 Points:
KARACHI, Jan 26: At close of trading, the KSE-100 index was at 11875.93, down 73.82 points.

January 26, 2012

TOP  5  SCRIPTS GAINERS AND LOOSERS:
Colgate Pakistan
Rs 18.59
Nestle Pakistan
Rs (75.96)
Atlas Battery
Rs 4.05
Unilever Pakistan
Rs (73.20)
HinoPak
Rs 3.27
Siemens Pakistan
Rs (35.00)
Attock Petroleum
Rs 2.69
Sanofi-Aventis
Rs (3.35)
National Refinery
Rs 2.37
ICI Pakistan
Rs (2.57)

KSE 30 – Shares Index
Previous 11,132.12, Thursday’s 11,108.97, minus 23.15 points
KSE 100 – Shares Index
Previous 11,949.75, Thursday’s 11,883.92, minus 65.83 points
MARKET CAPITALIZATION
Previous Rs3,103.489bn, Thursday’s Rs3,087.728bn, minus Rs15.761bn
VOLUME LEADERS
D.G.K.Cement 10.712m, Fauji Fertiliser Bin Qasim 9.904m, JS & Co 8.515m, Fauji
Cement 8.162m, Lucky Cement 5.184m shares
TOTAL VOLUME
95.533m shares
TOTAL
TONE: Easy, total listed 638, actives 321, inactives 317, plus 94, minus 137, unchanged 90
Equities lose another 66 points
KARACHI, Jan 26: The share market on Thursday maintained its creeping decline for the third session in a row as investors were not inclined to take long positions and mostly played safe keenly watching the unfolding political events.
The KSE 100-share index posted a fresh fall of 65.83 points at 11.883.92 as compared to 11,949.75 a day earlier reflecting the weakness of some leading base shares in the oil sector.
Analysts said the continued fall in the turnover figure from 200m shares to below 100m shares indicates that political uncertainty and the absence of leading investors was keeping the market at bay.
“The market needs some local trend-setters in the absence of foreign buyers,” they said and added that until they were back in the stream, the performance of the market may remain far below normal.
And that is evident from the post-relief package including freeze on Capital Gains Tax and no question on the money invested in the share business beyond April 1, 2012, they added.
Investors did not make large buying as the effective date of the incentives is still far away and anything could happen in between that was why leading among them played safe.
Some of them were net sellers at the available margins on bluechip counters but the activity was far below normal as was reflected by fresh sharp fall in the volume figure.
It was perhaps in this background an interim cash dividend at the rate of 50 per cent and 30 per cent on preference shares by Pakistan Petroleum failed to stimulate fresh buying and rose only by 26 paisa at Rs178.52 on 0.290m shares.
Losers again dominated the list under the lead of Nestle Pakistan and Unilever Pakistan, off Rs75.96 and Rs73.20, while on the other hand Colgate Pakistan and Atlas Battery rose by Rs18.59 and Rs4.05 respectively.
Traded volume fell to 95.533m shares from the previous 125m shares as losers maintained a fair lead over the gainers at 137 to 94, with 90 shares holding on to the last levels.
The active list was topped by D.G. Khan Cement, easy by nine paisa at Rs23.09 on 11m shares followed by Fauji Fertiliser Bin Qasim, lower 29 paisa at Rs48.74 on 10m shares, JS &
Co, easy 14 paisa at Rs5.86 on 9m shares, Fauji Cement, steady by 13 paisa at Rs4.07 on 8m shares, Lucky Cement, up 71 paisa at Rs86.48 on 5m shares, Engro Corporation, higher by Rs1.30 at Rs115.40 on 5m shares and Lotte Pakistan, lower 42 paisa at Rs9.62 also on 5m shares.

They were followed by Fatima Fertiliser, off 84 paisa at Rs21.35 on 4m shares, Attock Refinery, off Rs1.26 at Rs121.35 on 3m shares and Fauji Fertiliser, higher by Rs1.49 also on 3m shares.
FUTURE CONTRACTS: Mixed trend was seen on this counter amid alternate bouts of buying and selling. While both the settlements of Engro Corporation rose by Rs1.18 and Rs1.14 at Rs116.49 and Rs115.41 on 1.710m and 0.996m shares respectively, both the contracts of Fauji Fertiliser Bin Qasim fell by 35 and 30 paisa at Rs48.87 and Rs48.70 on 2.038m and 1.255m shares.
D.G. Khan Cement fell by 13 paisa at Rs23.30 on 2.384m shares, while all others remained unchanged at the previous levels amid slack demand.
DEFAULTER COMPANIES: Genertech Power led the list of actives, up two paisa at Rs0.41 on 0.153m shares followed by Dost Steels, easy one paisa at Rs1.45 on 22,023 shares and Service Industries, unchanged at Rs0.25 on 16,000 shares.
Mohammed Saleem Mansoori

No comments:

Post a Comment