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Sunday, 5 February 2012

DAILY STOCK MARKET UPDATE:06.02.2012

Stock
Karachi Stocks Up 52.84 Points:
KARACHI, Feb 03: At close of trading, the KSE-100 index was at 11982.62, up 52.84 points.


5 TOP COMPANIES GAINERS AND LOOSERS:

Nestle Pakistan         Rs 36.96       Unilever Pakistan       Rs (76.23)
Indus Dyeing             Rs 19.19       Fazal Textiles             Rs (12.16)
National Refinery      Rs 11.44        Al-Ghazi Tractor       Rs (3.51)
Attock Refinery        Rs 4.68          Shahtaj Sugar             Rs (3.35)
Al-Abbas Sugar       Rs 4.04          Gatron Industries        Rs (3.00)


KSE 30 – Shares Index
    Previous 11,223,Friday’s 11,258.08,plus 34.85 points.

KSE 100 – Shares Index
    Previous 11,929.78,Friday’s 11,982.62,plus 52.84

MARKET CAPITALIZATION
    Previous Rs.3,100.336bn,Friday’s3,116.815bn,plus 16.477

VOLUME LEADERS
    J.S.& Co 33.100m,Azgard Nine 12.988m,D.G.Khan Cement 6.516m, Attock Refinery 5.811m,Engro Corporation 4.848m shares

TOTAL VOLUME
    130.416m shares

TOTAL
    TONE: Steady,total listed 614,actives 318,inactives 296,plus150,minus82,unchanged 86
________________________________________________________________________


KSE index gains 53 points

KARACHI, Feb 3: The stock market finished the weekend session on a steady note as investors covered forward positions at a still lower level in some high profile sectors amid brisk trading.

But the Supreme Court ruling that the prime minister will be indicted in a contempt case on February 13 caused early stray selling from the weak share-holders, although there were buyers in the dips.

The KSE 100-share index ended the session higher by 52.84 points at 11,982.62 as compared to 11,929.78 during the previous session as some leading base shares remained in active demand amid in other positive flashes.

An interim dividend of 175 per cent by Pakistan Oil-fields for the year ended December 31, 2011 was reflected by an increase of Rs.2.05 in its share value at 361.45 on 0.634 million shares. Floor brokers said the weekend rally is always considered a forerunner of massive increases in share values and lower levels still ensure higher capital gains.

Traded volumes rose to 131 million shares, although the bulk of it remained confined to the undervalued ones, reflecting investors reservations to opt for high priced ones.

Analysts said after the initial panic, which caused price erosions, investors later covered positions on some of the counters at dips and allowed the market to partially recover.

The Leading gainers were Nestle Pakistan, up Rs 36.96, and Indus Dyeing, up Rs 19.19, while highest losers included Unilever Pakistan and Fazal Textiles, down Rs 76.23 and Rs 12.16 respectively.

Traded volumes soared to 130.416 million shares from the previous 108m shares as gainers maintained a fair lead over losers at 150 to 82, with 86 shares holding on to their last levels.

The active list was again led by J, S & Co, lower by 31 paisa to Rs 7.46 on 33 million shares followed by Azgard Nine, steady by 37 paisa to Rs 4.29 on 13 million shares, D G Khan Cement, up 79 paisa to Rs 24.22 on 7 million shares, Attock Refinery, up Rs 4.68 to Rs 126.19 on 6 million shares, Engro Corporation, down three paisa to Rs 122.04 on 5 million shares, Lafrge Pakistan down nine paisa to Rs 2.23 on 5 million shares, and Engro Polymer, up 16 paisa to Rs 8.77 on 4 million shares.

They were followed by Fatima Fertiliser, down 23 paisa to Rs 22.25 on 4 million shares, Fauji Fertiliser, down Rs 1.91 to Rs 182.77 on 3 million shares and J.OV & Co, up 38 paisa at Rs 2.75 also on 3 million shares.

FUTURE CONTRACTS:The active list on this counter was led by D G Khan Cement, up 62 paisa, on 1.395 million shares followed by Engro Corporation, down three paisa to Rs 122.82 on 1.378 million shares, and Attock Refinery, up Rs 4.71 to Rs 126.58 on 1.217 million shares.They were followed by Fauji Fertiliser Bin Qasim, down 12 paisa to Rs 46.61 on 0.779 million shares and Nishat Mills, up 77 paisa to Rs 48.54 on 0.629 million shares.
DEFAULTER COMPANIES: Active support in Dost Steels again led the activity on this counter, unchanged at Rs 1.4 on 70,053 shares followed by Dadabhoy Cement, down 10 paisa at Rs 1.4 on 55,600 shares and Taj Textiles, down five paisa at Rs 0.21 on 3,000 shares.



MOHAMMED SALEEM MANSOORI

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