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Thursday, 16 February 2012

DAILY STOCK MARKET UPDATE: 17.02.2012


Stock
Karachi Stocks Up 93.20 Points:
KARACHI, Feb 16: At close of trading, the KSE-100 index was at 12404.24, up 93.20 points.

February 16, 2012





TOP  5  SCRIPTS GAINERS AND LOOSERS:

Rafhan Maize
Rs 95.30
Bata Pakistan
Rs (26.42)
Unilever Pakistan
Rs 40.20
Siemens Pakistan
Rs (14.44)
Nestle Pakistan
Rs 22.86
Unilever Foods
Rs (9.33)
Engro Corporation
Rs 6.08
Abbott Lab
Rs (4.29)
Atlas Battery
Rs 5.22
Attock Petroleum
Rs (4.19)



KSE index gains 93 points on higher dividends
KARACHI, Feb 16: The equities on Thursday staged a broad recovery boosted by higher than investor expectations payouts by Engro Corporation, notably 30 per cent bonus and 20 per cent cash and took the entire market along with it.
The investor celebrated the positive news from the House of Engro after having pushed the volume figure to well over 200m shares and the index to above 12,404.24, higher by 93.20 points as leading base shares came in for strong support.
Engro share itself was subjected to upper-lock, shrugging off its recent problems caused by the gas shortages and demonstrated in more than one ways that other blue chips whose earning reports are due will also spring pleasant surprises for their stakeholders, said stock analyst Ahsan Mehanti.
He said relative calm on the political front also contributed to the run-up, but the Engro payouts forced both the local institutional and foreign investors in its fold providing the needed strength to the market sentiment.
Although the volume figure soared to well over 200 shares, bulk of it again remained confined to the low-priced shares including JS & Co and Fatima Fertiliser.
He said turnover figure above 200m shares was welcomed by the brokers as it means higher commission income leading to self-sufficiency, although ideal daily figure should be around 300m shares.
Plus signs again dominated the list under the lead of Rafhan Maize after a higher dividend of 650 per cent, up Rs95.30 and Unilever Pakistan, higher by Rs60.20.
Prominent losers included Bata Pakistan and Siemens Pakistan, off Rs26.42 and Rs14.44 respectively.
Volume figure soared to 205.563m shares as gainers held a comfortable lead over the losers at 149 to 115, with 71 shares holding on to the last levels.
The active list was topped by Fauji Cement, steady by 36 paisa at Rs4.98 on 23m shares followed by JS & Co, easy by 10 paisa at Rs9.17 on 21m shares, Bank Alfalah, firm by 12 paisa at Rs12.93 on 16m shares, Lafarge Pakistan, steady by 11 paisa at Rs2.36 on 12m shares, Azgard Nine, easy by two paisa at Rs6.13 on 11m shares, D.G. Khan Cement, higher by 81 paisa at Rs25.68 on 10m shares and Fatima Fertiliser, up 51 paisa at Rs23.98 on 9m shares.
They were followed by Arif Habib Corporation, up 25 paisa at Rs31 on 8m shares, Lotte Pakistan, firm by three paisa at Rs8.58 on 7m shares and Bank of Punjab, firm by eight paisa at Rs7.16 on 5m shares.
FUTURE CONTRACTS: The active list was led by D.G. Khan Cement, higher by 79 paisa at Rs25.75 on 1.930m shares followed by Engro Corporation, higher by Rs3.55 at Rs125.80 on 1.648m shares and Arif Habib Corporation, steady by 19 paisa at Rs31.10 on 1.1198m shares.
Other actives were led by National Bank, steady 21 paisa at Rs47.29 on 0.671m shares and Attock Refinery, higher by 88 paisa at Rs122.19 on 0.425m shares.
DEFAULTER COMPANIES: Dost Steels again the list of actives, lower by 14 paisa on profit-selling and ended at 2.16 on large volume of 0.184m shares followed by Quice Foods, up 50 paisa at Rs4.25 on 0.154m shares, Mukhtar Textiles, lower by 10 paisa at Rs0.35 on 27.026 shares and Genertech Power, steady by three paisa at Rs0.40 on 26,002 shares.
DIVIDEND: Tri-Pack Films, cash 200 per cent, Rafhan Maize final 650 per cent, Al-Ghazi Tractors 200 per cent, Dawood Hercules, 10 per cent final, Jubilee Life Insurance, 30 per cent, Kot Adddu Power 37.50 per cent, Thal Ltd, 25 per cent, Abbott Lab 40 per cent, Jubilee General Insurance, cash 30 per cent, bonus shares 20 per cent, Askari Bank 15 per cent, Allied Bank cash 25 per cent and bonus 10 per cent.
Mohammed Saleem Mansoori

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