Follow by Email

Wednesday, 8 February 2012

DAILY STOCK MARKET UPDATE:09.02.2012

Stock

Karachi Stocks Down 9.22 Points:
KARACHI, Feb 09: The KSE-100 index was at 12254.03, down 9.22 points.

February 08, 2012

5 TOP COMPANIES GAINERS AND LOOSERS:


Bata Pakistan           Rs 28.08        Al-Abbas Sugar             Rs (4.55)
Nestle Pakistan        Rs 18.38        PSO                                Rs (3.48)
PICT                          Rs 4.51             Indus Dyeing              Rs (2.84)
Packages                   Rs 4.00           Tandlian Wala Sugar    Rs (2.72)
ICI Pakistan             Rs 3.60          Clover Pakistan              Rs (2.26)


KSE 30 – Shares Index
    Previous 11,468.90.Wednesday’s 11,450.18,minus 18.72 points
KSE 100 – Shares Index
    Previous 12,284.52,Wednesday’s 12,263.25, minus 21.37
MARKET CAPITALIZATION
    Previous Rs.3.196.715bn,Wednesday’s 3,194.716bn,minus 1.999bn
VOLUME LEADERS
    JJ.S.& Co 33.883m, Fauji Cement 25.366m, Lafarge Pakistan 23.753m, Azgard Nine 20.502m, Hub-Power 10.444m shares
TOTAL VOLUME
           243.295m shares
TOTAL
    TONE: mixed, total listed 614, actives 346, inactives268, plus 155, minus 144, unchanged 67
_____________________________________________________


KSE-Profit-selling Loss 21 points

KARACHI, Feb 8: The share values on Wednesday turned mixed as some of the leading base shares ran into profit-selling but the broader market performed well under the lead of blue chips.

“I won’t call it a technical reaction in an overbought market as the underlying sentiment remained uppishly inclined,” said stock analyst Ahsan Mehanti. “There is still a lot of pent-up demand in the pipeline, which could keep it on the track,” he added.

The major bull thrust appears to be hitting chart level of 13,000 and then take a technical breather as the developing situation on the political front could lead towards a consensus peace among the contenders of the power, he said.

Analyst Samar Iqbal said that the pause appears to be a brief interception of a rising market and there could be more surprises in the coming sessions both in terms of gains and daily volume figures.

After having hit the session’s high at 12,405.48, the KSE 100-share index finally ended with a loss of 21.37 points as compared to 12,284.62 a day earlier as some of the leading base shares ended reacted on late selling.

Traded volume, however, rose to a year-high at 243.295m shares, out of which about 80m shares went to the credit of undervalued shares, reflecting that investors were still in two minds about the market direction.

The higher turnover figures always hint at firm market after due technical corrections and that appears to be current mood of major players ahead of earning reports, some others said.

Despite selling here and there, broader market ended higher as gainers outpaced losers by 155 to 124, with 67 shares remaining pegged at the previous close.

The active list was again topped by JS & Co, steady by 19 paisa at Rs8.18 on 34m shares followed by Fauji Cement, firm by 38 paisa at Rs4.51 on 25m shares, Lafarge Pakistan, steady by 14 paisa at Rs2.32 on 24m shares, Azgard Nine, up Re1 at Rs5.35 on 21m shares, Hub-Power, higher 65 paisa at Rs36.01 on 11m shares, D.G. Khan Cement, lower 73 paisa at Rs24.64 on 9m shares and Fauji Fertiliser Bin Qasim, up Rs1.40 at Rs47.82 on 8m shares.

They were followed by Arif Habib Corporation, higher by 82 paisa at Rs29.12 on 7m shares, Fatima Fertiliser, easy by 14 paisa at Rs22.34 on 6m shares and Engro Corporation, up 62 paisa at Rs125.36 also on 6m shares.

FUTURE CONTRACTS: The active list was topped by D.G. Khan Cement, off 73 paisa at Rs24.75 on 1.867m shares followed by Engro Corporation, up 71 paisa at Rs126.01 on 1.544m shares and Fauji Fertiliser Bin Qasim, up Rs1.40 at Rs47.99 on 1.462m shares.

They were followed by National Bank, off 58 paisa at Rs46.35 on 1.171m shares and Fauji Fertiliser, off Rs1.16 at Rs182.44 on 1.144m shares.

DEFAULTER COMPANIES: Quice Foods led the list of actives on this counter, up by 88 paisa at Rs4.08 on 0.298m shares followed by Dost Steels, lower by nine paisa at Rs1.66 on 0.130m shares and Azam Textiles, firm by six paisa at Rs1.44 on 66,501 shares.

Other actives included Genertech Power, easy by one paisa at Rs0.40 on 53,013 shares and AMZ Ventures (A), easy by four paisa at 0.34 on 44,228 shares.

MOHAMMED SALEEM MANSOORI


No comments:

Post a Comment