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Sunday, 29 January 2012

DAILY STOCK MARKET UPDATE:30.01.2012



Stock



Karachi Stocks Up 97.08Points:
KARACHI, Jan 27: At close of trading, the KSE-100 index was at 11981.00, up 97.08 points. 

January 27, 2012

TOP  5  SCRIPTS GAINERS AND LOOSERS:
Unilever Pakistan
Rs 14.80
Nestle Pakistan
Rs (29.64)
Fauji Fertiliser
Rs 8.50
Indus Dyeing
Rs (18.21)
Sanofi-Aventis
Rs 6.59
Al-Ghazi Tractor
Rs (3.01)
OGDC
Rs 3.99
Abbott Lab
Rs (2.32)
Millat Tractors
Rs 3.67
Shahtaj Sugar
Rs (2.86)

KSE 30 – Shares Index
Previous 11,108.97,Friday’s 11,216.56,plus 107.59 points
KSE 100 – Shares Index
Previous 11,883.92,Friday’s 11,960.22,plus 76.30 points
MARKET CAPITALIZATION
Previous Rs.3,087.713bn,Friday’s 3,105.713bn,plus17.785bn
VOLUME LEADERS
Lotte Pakistan 12.780m,Fauji Fertiliser 9.037m,D.G.K.Cement 8.048m, Fatima Fertiliser 4.312m,J.S.& Co 3.996m shares.
TOTAL VOLUME
75.602m shares
TOTAL
TONE:mixed,total listed 638,actives 305,inactives 333,plus 88,minus 121,unc 96
KSE index recovers 76 points
KARACHI, Jan 27: The stock market on Friday staged a modest recovery followed by active short-covering on the blue-chip counters and showed signs that it may be extended by the next week also as pent-up demand did not show signs that it is overdone.
The KSE 100-share index was quoted higher by 76.30 points at 11,960.22 as compared to 11,883.92 points a day earlier as some of the base shares showed fresh rise on selective covering purchases.
A final cash of 35 per cent by Fauji Fertiliser Bin Qasim attracted post-announcement selling and ended modestly lower.
Essentially, it was a rally initiated by the oil and fertiliser sectors under the lead of OGDC, Fauji Fertiliser and Engro Corporation which rose sharply higher.
Reports of higher earnings and hopes of handsome payout, notably by the OGDC and Fauji Fertiliser was said to be the chief motivating factor behind the renewed short-covering in an oversold market.
Some of the leading oil shares, which have also assumed attractive levels owing to early week sell-off and profit-selling by some of the foreigners, also aided the rally.
Analysts said the about 2.00 per cent decline in the benchmark after mid-week have made some of the current actives quite attractive for quick capital gains and a section of investors was said to be already in firing line.The creeping fall, which has chipped away about 200 points from the early week sustained rise of about 200 points reflects that some of the recent actives ensure higher profit, they said.
Some others said corporate announcements due next week by some of the leading companies, notably in the oil and cement sectors are expected to evoke good interest in their respective counters.
But they ruled out the possibility of any major breakthrough as conflicting reports from the political front continued to take their toll at the inflated levels and that keeps the market unsettled.
Among the top gainers, Unilever Pakistan and Fauji Fertiliser were leading, up by Rs14.80 and Rs8.50 while losers were led by Nestle Pakistan and Indus Dyeing, off by Rs29.64 and Rs18.21 on renewed selling.
Traded volume fell further to 75.602m shares from the previous 96m shares as losers held at modest lead over the gainers at 121 to 88, with 96 shares holding on to the last levels.
The active list was topped by Lotte Pakistan, lower 82 paisa at Rs8.80on 13m shares followed by Fauji Fertiliser, sharply higher by Rs8.50 at Rs186.17 on 9m shares, D.G. Khan
Cement, steady by 17 paisa at Rs23.26 on 8m shares, Fatima Fertiliser firm by 46 paisa at Rs21.81 on 4m shares, JS & Co, easy 22 paisa at Rs5.64 also on 4m shares, National Bank, lower 52 paisa at Rs44.10 on 3m shares and Fauji Fertiliser Bin Qasim, easy 56 paisa at Rs48.18 also on 3m shares.

They were followed by Engro Corporation, higher by Rs1.84 at Rs117.24 on 3m shares, Lucky Cement, up 55 paisa at Rs87.03 on 2m shares and Engro Foods, higher by 84 paisa at Rs26.41 on also on 2m shares.
FUTURE CONTRACTS: Fauji Fertiliser came in for active support and rose sharply higher by Rs7.63 on reports of higher earnings at Rs187.29 on large volume of 1.646m shares followed by D.G. Khan Cement, firm by 19 paisa at Rs23.49 on 1.563m shares and Engro Corporation, higher by Rs1.77 at Rs118.26 on 1.286m shares.
They were followed by National Bank, lower 45 paisa at Rs44.55 on 1.237m shares and Fauji Fertiliser Bin Qasim, easy 52 paisa owing to below market final dividend.
DEFAULTER COMPANIES: Genertech Power again led the list of actives, easy by six paisa at Rs0.35 on 0.185m shares followed by Dost Steels, easy by 13 paisa at Rs1.32 on 13,108 shares and Unicap Modaraba, unchanged at Rs0.29 on 11,000 shares.
Mohammed Saleem Mansoori

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