STOCK EXCHANGE UPDATE: 09.01.2012

Stock

Karachi Stocks Down 48.56 Points:
KARACHI, Jan 06: At close of trading, the KSE-100 index was at 11139.32, down 48.56 points.

January 6, 2012

TOP  5  SCRIPTS GAINERS AND LOOSERS:

Unilever Pakistan	Rs 56.90	Nestle Pakistan	Rs (38.18)
Indus Dyeing	Rs 19.01	Colgate Pakistan	Rs (27.68)
Millat Tractors	Rs 5.57	Unilever Foods	Rs (10.00)
ICI Pakistan	Rs 4.65	Tri-Pack Films	Rs (7.59)
JDW Sugar	Rs 2.93	Pak Oilfields	Rs (6.27)

KSE 30 – Shares Index	Previous 10,206.75, Friday’s 10,165. 59, minus 41.16 points.
KSE 100 – Shares Index	Previous 11,187.88, Friday’s 11,125.35, minus 62.53 points.
MARKET CAPITALIZATION	Previous Rs2,907.754bn, Friday’s 2,893.212bn, minus 14.562bn.
VOLUME LEADERS	Hub-Power 5.524m, Fatima Fertiliser 5.222m, Lotte Pakistan 3.563m, Engro Corporation 2.415m, Fauji Fertiliser 2.209m shares.
TOTAL VOLUME	39.043m shares
TOTAL	TONE: easy, total listed 638, actives 306, inactives 322, plus 96, minus 105, unchanged 105

Karachi Stocks suffer 63 points fall on weekend selling

KARACHI: The shares market on Friday extended the overnight fall as investors indulged in weekend selling at the overnight available margins amid fairly active two-way business.
The KSE 100-share index suffered a fresh fall of 62.53 points at 11,125.35 as compared to 11,187.88 a day earlier as some of the base shares were traded further lower on renewed selling.
But the broader market performed well under the lead of fertiliser sector, which came in for active short-covering under the lead of Fauji Fertiliser, Engro Corporation and National Bank.
Analysts said it was again the weakness of the OGDC, which came in for renewed foreign selling and was marked down by Rs3.02 at 138.79 on 0.251m shares.
About 50 points fall in the index was contributed by it owing to its massive weightage in it but analysts said that the broader market performed credibly well under the lead of blue chips.
But there were no signs of overnight panic despite the fact that foreign selling did not dry up and local institutional investors were back in a fallen market and covered positions at the lower levels, notably on the fertiliser and oil sectors, floor brokers said.
No one could deny the fact that current lower levels reached by most of the blue chips ensure fair capital gains in the given situation, they said and added that bargain-hunters were not inclined to ignore an attractive bait of capital gains and fought back.
Leading gainers were led by Unilever Pakistan and Indus Dyeing, up Rs56.90 and 19.01 while top losers included Nestle Pakistan and Colgate Pakistan, off by Rs38.18 and 27.68 respectively.
The active list was led by Hub-Power, lower by 57 paisa at Rs33.89 on 5.524m shares followed by Fatima Fertiliser, easy 19 paisa at 23.01 on 5.222m shares, Lotte Pakistan steady by three paisa at 10.05, Engro Corporation, higher Rs1.43 at 95.74 on 2.415m shares, Fauji Fertiliser, firm by 49 paisa at 157.01 on 2.209m shares, National Bank, up 32 paisa at 44.36 on 1.994m shares and Fauji Fertiliser Bin Qasim, lower 13 paisa at 42.50 on 1.809m shares.
They were followed by DG Khan Cement, steady one paisa at 19.79 on 1.769m shares, NIB Bank, easy two paisa at 1.65 on 1.443m shares and Bank of Punjab, lower by 11 paisa at 5.72 on 0.842m shares.
FUTURE CONTRACTS: The active list was led by Engro Corporation, up Rs1.62 at 96.46 on 0.932m shares followed by National Bank, steady by 34 paisa at 44.67 on 0.860m shares and Fauji Fertiliser, up higher by 60 paisa at 158.07 on 0.655m shares.
They were followed by Fauji Fertiliser Bin Qasim, easy by 15 paisa at 42.76 on 0.553m shares and OGDC, off Rs3.02 at 138.79 on 0.251m shares.
DIVIDEND: JWD Sugar Mills, cash 90 per cent, Mitchell’s Fruit Farms, cash 70 per cent, Faran Sugar, 25 per cent, Sanghar Sugar, nil for the year ended Sept 30, 2011.

Mohammed Saleem Mansoori