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Thursday, 9 February 2012

DAILY STOCK MARKET UPDATE: 10.02.2012


Stock



Karachi Stocks Down 51.89 Points:
KARACHI, Feb 09: At close of trading, the KSE-100 index was at 12211.36, down 51.89 points. 

February 09, 2012


TOP  5  SCRIPTS GAINERS AND LOOSERS:
Service Industries
Rs 6.00
Nestle Pakistan
Rs (79.73)
PICT
Rs 4.74
PSO
Rs (10.58)
Atlas Honda
Rs 4.40
Attock Petroleum
Rs (4.61)
Dadex
Rs 3.71
Atlas Honda
Rs (4.31)
Lucky Cement
Rs 2.29
Engro Corporation
Rs (3.37)

KSE 30 – Shares Index
Previous 11,450.18, Thursday’s 11,404.77, minus 45.41 points
KSE 100 – Shares Index
Previous 12,263.25, Thursday’s 12,213.24, minus 50.01 points
MARKET CAPITALIZATION
Previous Rs 3,194.716bn, Thursday’s 3,182.958bn, minus 11.758bn
VOLUME LEADERS
Azgard Nine 20.887m, Fauji Cement 20.313m, J.S.& Co 18.867m, Lafarge Pakistan 8.085m, D.G. Khan Cement 6.149m shares
TOTAL VOLUME
139.144m shares
TOTAL
TONE: easy, total listed 614, actives 350, inctives 264, plus 108, minus 149, unchanged 93

Equities extend overnight losses
KARACHI, Feb 9: The share market on Thursday failed to maintain its recent upward drive as investors indulged in profit-selling on the blue chip counters at the higher levels amid a terribly low ready business
The KSE 100-share index suffered fresh pruning and ended lower after early recovery beyond the level of 12,000 points. Its near-term target still appears to be above the level of 12,500 points, on which it is expected to launch a fresh offensive beyond it.
The final finish was around 12,213.24 points as compared to 12,263.25, off 50.01 points owing to fresh selling on the leading base shares. After having risen by three per cent earlier in the week, it suffered a modest correction only to be back on the rails.
The weakness of the oil and fertiliser sectors, the current market trend setters, the fall in speculative support was another bearish factor.
But renewed support in the cement sector under the lead of Lucky Cement on reports of higher exports, however, limited the market decline.
Apart from market talk of higher payouts during the current earning pre-announcement weeks, the other factor, which may not allow the bears to have an upper hand was the amendments in the Capital Gains Tax (CGT) regime.
“The reported approval of all the amendments by the concerned agencies and their positive reaction on the market is well-reflected in the progressively rising volume figures,” analysts said.
The figure of well over 200m shares reflected that the inflow of money in the share business is gaining in stature each session, they added.
Leading gainers were led by Service Industries and Pakistan International Containers, up Rs6 and Rs4.74, while losers were led by Nestle Pakistan and PSO, off by Rs79.73 and Rs10.58 respectively.
Traded volume suffered a sharp fall at 139.144m shares as compared to previous 243m shares as losers forced a sharp lead over the gainers at 149 to 108, with 93 shares holding onto the last levels.
The active list was topped by Azgard Nine, firm by 20 paisa at Rs5.55 on 21m shares followed by Fauji Cement, steady by 12 paisa at Rs4.63 on 20m shares, JS & Co, lower 38 paisa at Rs7.80 on 19m shares, Lafarge Pakistan, easy by six paisa at Rs2.26
on 8m shares, D.G. Khan Cement, up 25 paisa at Rs24.89 on 6m shares, WorldCall Telecom, steady by 11 paisa at Rs1.45 on 4m shares and Lucky Cement, higher by Rs2.29 at Rs91.92 on 4m shares.

They were followed by JS Bank, lower 38 paisa at Rs3.47 on 4m shares, Pace Pakistan, firm by five paisa at Rs1.65 on 3m shares and Fatima Fertiliser, lower by 21 paisa at Rs22.13 also on 3m shares.
FUTURE CONTRACTS: The active list was topped by D.G. Khan Cement, up 19 paisa at Rs24.94 on 1.349m shares followed by Engro Corporation, off Rs3.40 at Rs122.61 on 1.254m shares and Lucky Cement, up Rs2.28 at Rs92.11 on 0.497m shares.
They were followed by Fauji Fertiliser Bin Qasim, lower by 49 paisa at Rs47.50 on 0.428m shares and Attock Refinery, off Rs1.54 at Rs123.23 on 0.409m shares.
DEFAULTER COMPANIES: Dost Steels led the list of actives on this counter, up seven paisa at Rs1.73 on 69,443 shares, followed by Genertech Power, steady by one paisa at Rs0.41 on 17,032 shares and Quice Foods, lower 28 paisa at Rs3.80 on 6,127 shares.
Mohammed Saleem Mansoori

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