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Thursday, 31 January 2013

STOCK MARKET UPDATE: 01.02.2013



STOCKS
Karachi Stocks Up 22.17 Points:
KARACHI, Jan 31: At the close of trading, the KSE-100 index was at 17227.44, up 22.17 points. 

 (Today Market is 2.90 Down@ 10.20 am)

January 30, 2013
5 TOP GAINERS  &  LOOSERS:

Nestle Pak
Rs 235.68
Bata Pak
Rs (35.00)
Mitchell’s Fruit
Rs 13.00
Siemens Pak
Rs (20.00)
Sitara Peroxide
Rs 8.12
Shezan Int’l
Rs (10.94)
Gatron Inds
Rs 7.50
Indus Dyeing
Rs (7.40)
Philip Morris
Rs 6.78
Javedan Corp
Rs (4.33)
KSE 100-index gains 22.17 points
KARACHI, Jan 31: Stocks were firm at the stock market on Thursday, with the KSE-100 index up by 22.17 points to close at 17,227.44 points. The index, however, moved in a narrow band of 70 points as investors tread cautiously ahead of major political events.
The market was driven mainly by the foreign investors, who were major buyers for the third day running; the foreign inflow on Thursday stood at $3.78 million, bigger than overseas portfolio investment of $2.74 million on Wednesday, taking the total for the month of January to $11.64 million. Among the locals, mutual funds sold equity worth $1.72 million and individual sale of shares was valued at $1.81 million.
KASB Securities Research commented that there were subtle signs of a relapse, gauged from advance-to-decline ratio tilting the scales in favour of corrective forces. Nonetheless chart structure in medium term were said to continue to favour bulls.
Analysts said that prices of penny stocks which have multiplied during the recent run have started to attract selling.
Equity dealer, Samar Iqbal said that the local bourse closed at new high, mainly due to investor interest in banking stocks. Investors also remained active in telecom and cement sectors.
After increasing for last few sessions, profit taking was seen in Telecom sector while result expectations kept cement sector on investors’ radar. Maple Leaf Cement closed 4pc down after announcing its December results.
Ahsan Mehanti, analysts observed that stocks had closed higher, with trading led by second and third tier stocks on strong valuations. Consolidation was witnessed in blue chip stocks, while the SBP Report on Economy, released on Wednesday, which talked about public sector debt trap and economic growth below target, caused a degree of unease.
Hasnain Asghar Ali stated that the Oil and Gas sector stocks stayed under pressure, while the banking stocks on healthy results expectations, moved the index ahead.
Stocks stayed under pressure on several issues including the offloading at dips; increasing noise on the political front, deteriorating law and order situation, high profile judicial hearings and SBP concerns on high debt to GDP.
Some views and analysis suggesting possibility of increase in interest rate in the upcoming policy review, called for caution. Although the index moved higher, losing stocks at 171, outnumbered gainers at 144 in a total of 335 shares traded on Thursday. Volume was lightly down to 273 million shares traded on Thursday, from 278 million shares the previous day.
However, trading value rose to Rs6.046 billion, from Rs5.746 billion. Market capitalisation increased to Rs4.326 trillion on Thursday, from Rs4.307 trillion the day before.Nestle Pakistan was the biggest gainer of Rs241.57 to Rs5170, followed by Rafhan Maize up by Rs65 to Rs3,550. On the losing side, Indus Dyeing fell by Rs8.20 to Rs662 and Gillette Pak was down by Rs7 to Rs143.
On the top 10 traded stocks, Maple Leaf Cement with business in 44m shares was down by 73 paisa to Rs17.05. Fauji Cement gained 19 paisa to Rs8.01 on 28m shares, Telecard Limited decreased by 36 paisa to Rs3.66 on 23m shares and KESC added 19 paisa to Rs6.07 on 18m shares.
Lotte PakPTA firmed up by 34 paisa to Rs7.46 on 18m shares, PTCL slipped by 10 paisa to Rs18.62 on 14m shares, Jah Sidd Co lost 37 paisa to Rs16.37 on 11m shares, Pace (Pak) Ltd added 8 paisa to Rs3.07 on 11m shares, Bank Alfalah was up by 37 paisa to Rs18.49 on 8m shares and WorldCall Telecom shed 24 paisa to Rs2.68 on 7m shares.
KSE banks on cements to scale a new peak: KARACHI: Mainly supported by banks the local stocks took to a new high on Thursday.
The Karachi Stock Exchange's (KSE) benchmark 100-share index ended 0.22 percent, or 37.47 points, higher at 17,242.74.
Expectations of imminent results kept cement on the radar.
The cement sector drew strong interest with some investors buying on results and some taking profits, dealers said Thursday.
Maple Leaf Cement closed 4 percent down after announcing its
December results. Fauji Cement was up 2.43 percent at 8.01 rupees.
Karachi Electric rose 3.23 percent to 6.07 rupees.
Pakistan Telecommunication Corporation Ltd fell 0.96 percent to 18.54 rupees.
In the currency market, the rupee ended weaker at 97.70/97.76 against the dollar, compared to Wednesday's close of 97.64/97.69.
Overnight rates in the money market fell to 6.50 percent compared to Wednesday's close of 9.40 percent. (Reuters)

MOHAMMED SALEEM MANSOORI

Wednesday, 30 January 2013

STOCK MARKET UPDATE: 31.01.2013



STOCKS
Karachi Stocks Up 33.23 Points:
KARACHI, Jan 30: At the close of trading, the KSE-100 index was at 17205.27, up 33.23 points.
(Today Market is 31.92Up@ 10.51 am)







January 29, 2013
5 TOP GAINERS  &  LOOSERS:

Unilever Food
Rs 175.00
Nestle Pak
Rs (106.25)
Unilever Pak
Rs 110.94
Mitchells Fruit
Rs (11.50)
Colgate Palmolive
Rs 68.50
Siemens Pak
Rs (7.50)
Bata Pak
Rs 30.00
Indus Dyeing 
Rs (5.77)
Shezan Int’l
Rs 21.47
Al Ghazi Tractor
Rs (4.60)

Bulls take index to fresh peak of 17,205
KARACHI, Jan 30: Stocks continued their gaining spree on at the stock market on Wednesday with the KSE-100 index adding another 33.23 points to close at the new high at 17,205.27 points.
Telecom stocks set the tone of the market with all five stocks listed under the sector, recording gains, with three of them among the 10 top volume leaders for the day.
Analysts said that investors were looking forward to record earnings by the sector companies.

However, the immediate trigger appeared to be the Singapore Telecommunications Limited (SingTel) announcement on Tuesday that it had entered into an agreement with Warid Telecom Private Limited (WTPL) to sell off its 30pc stake in Warid for a cash consideration of $150m along with 7.5pc share of the net proceeds from any future sale (by Warid). WPTL is a part of Abu Dhabi Group that would now owns 100 per cent post-deal.
Other than that, investors were comforted by the fact that no major adverse movement was seen on the political front, though results of big-ticket corporates released in the previous few days had nothing much to cheer about.
Sizeable buying of $2.74 million worth equity by foreign investors on Wednesday was also thought to have moved the market in northwardly direction. Adding to the Tuesday’s net purchase of $3.47 million worth stocks, the foreign portfolio inflow during the month of January reached $11.64 million. Among the locals, individuals and mutual funds were major sellers of stock worth $3.11 million and $2.38 million, respectively.
Analyst Ahsan Mehanti at Arif Habib Corporation commented that stocks closed again at all time high on expectations of easing of circular debt crises after Nepra raised power tariff.
The rupee stability in interbank market, higher global commodities on strong US data, speculations ahead of major earning announcements due this week, strong earnings outlook and hopes for rate cut in next SBP policy announcements were strong sentiment boosters.
Hasnain Asghar Ali at Escorts Capital said that the gaining momentum in oil and gas marketing and exploration stocks allowed the benchmark to attain record levels, while profit-taking in banking and fertiliser stocks did allow stagnation to surface around midday, which aggravated towards the closing bell forcing the index to close with clipped yet record close above psychological barrier of 17,200 points.
Post announcement sell-off in Fatima Fertiliser due to lower than expected results, took off some more gains.
The market capitalisation based, KSE-100 index rose 18.40 points to 14,062.69 points. Among the 346 stocks that came up for trading on Wednesday, 182 were gainers, 139 losers and 25 stayed unchanged.
The volume rose by 39 per cent to 278m shares on Wednesday, from 197m shares the previous day, but trading value decreased by 4 per cent to Rs5.746 billion, from Rs5.993 billion. Market capitalisation was up by Rs22 to Rs4.307 trillion, from Rs4.285 trillion.
In the list of top traded scrips, Telecard stood on the top place with 43m shares, higher by 59 paisa to Rs4.02. It was followed by Jah Sidd Co which gained 76 paisa to Rs16.76 on 22m shares; PTCL hit the upper circuit to close at Rs18.72 on 22m shares.
NIB Bank gained 25 paisa to Rs2.67 on 21 million shares as several bank shares came into limelight; WorldCall Telecom firmed up by 27 paisa to Rs2.92 on 14m shares; TRG Pakistan edged higher by 16 paisa to Rs7.20 on 14m shares; Fauji Cement declined by 13 paisa to Rs7.82 on 13m shares; Maple Leaf Cement added 14 paisa to Rs17.78 on 9m shares; Descon Oxychem was up by 34 paisa to Rs5.79 on 6m shares and Byco Petroleum eased by 8 paisa to Rs13.91 on 6m shares.
Earning hopes buoy KSE; rupee steady: KARACHI: The equities at the capital market closed higher on Wednesday with higher volume in telecoms on expectations of stronger earnings in the last quarter.
The Karachi Stock Exchange's (KSE) benchmark 100-share index ended 0.19 percent, or 33.23 points, higher at 17,205.27.
Telecard Ltd was up 16.62 percent at 4 rupees.
Pakistan Telecommunication Corporation Ltd rose 5.64 percent to 18.72 rupees.
In the currency market, the rupee ended steady at 97.64/97.69 against the dollar, compared to Tuesday's close of 97.64/97.69.
Overnight rates in the money market were flat at 9.40 percent. (Reuters)
Company News:
IFC, BankIslami ink pact: KARACHI, Jan 30: IFC and BankIslami Pakistan Limited signed an agreement on Tuesday that will help Pakistani companies’ access global import and export markets.
The agreement sees BankIslami joining IFC’s Global Trade Finance Programme, which promotes trade in emerging markets by supporting the flow of goods and services.
Under this agreement, IFC will support BankIslami’s trade finance business by providing partial or full guarantees for individual trade transactions. Since the trade finance program’s inception in Pakistan in 2006, IFC has provided more than 3,500 guarantees worth $1.74 billion to financial institutions for trade activities and creating jobs.
 
MOHAMMED SALEEM MANSOORI

Tuesday, 29 January 2013

STOCK MARKET UPDATE: 30.01.2013



STOCKS
Karachi Stocks Up 156.40 Points:
KARACHI, Jan 29: At the close of trading, the KSE-100 index was at 17161.39, up 156.40 points.
 (Today Market is 65.95Up@ 11.13 am)




January 28, 2013
5 TOP GAINERS  &  LOOSERS:

Shezan Inter.
Rs 19.47
Colgate Palmolive
Rs (72.50)
Pak.Int.Cont. SD
Rs 9.65
UniLever Pak
Rs (31.57)
Exide (PAK)
Rs 9.50
Mithchells Fruit
Rs (17.50)
Siemens Pakistan XD
Rs 8.50
Attock Petroleum Ltd
Rs (13.57)
Philip Morris Pak.
Rs 6.15
Indus Dyeing
Rs (12.63)

Index hits record closing amid result season
KARACHI, Jan 29: Stocks ended on a record closing on Tuesday as investors indulged in fresh buying amid hopes of healthy corporate earnings for the half year ended Dec 30, due to be announced in the coming days, and managed to end above the technical level of 17,000 points, dealers said.
The KSE 100-share index ended 0.98 per cent, or 167.05 points, higher at 17,172.04 points. It traded in a broad range as it made a fresh all time high at 17,181.39 and low at 16,990.58.
“The value buyers were again active in the frontline stocks, banking stocks on expectations of high cash and stock payouts led the way while cement front liners on results sensation along with E&P and fertiliser stocks followed the pursuit, the rally initiated by institutional participants found support from the sideliners thus keeping the momentum positive throughout the session, besides ensuring new historic levels,” said Hasnain Asghar Ali from Escorts Capital Ltd.
Turnover increased to 196.81 million shares, compared with 189.5m shares traded on Monday and trading value also rose to Rs5.99 billion from Rs5.13bn in the previous session.
Market capitalisation ended marginally higher at Rs4.28 trillion, compared from Monday’s Rs4.25tr.
The KSE-index had witnessed some selling above 17,000 points in the previous few sessions due to technical resistance but brokers said that they expect the index to consolidate and continue bull-run in the coming sessions.
Foreign investors were also active on Tuesday as they reverted back to being net buyers as they bought shares worth a net$3.47 million, compared with selling a net $350,603 on Monday, bringing the total for this month at a net $8.9m, according to data released by the National Clearing Company of Pakistan.
Dealers said MCB Bank remained in the limelight and gained Rs3.73 to end at Rs209.25, as investors are expecting a strong result.
“Telecommunication and cement sector also remained in the limelight while Engro and PSO also rose. Engro gained 4 per cent after ECC (Economic Coordination Committee) announcement of gas load management plan,” said Samar Iqbal, a dealer at Topline Securities Ltd.
Investors also bought energy stocks as Oil and Gas Development Co Ltd closed Rs2.8 higher at Rs193.39 and Pakistan State Oil ended Rs4.36 higher at Rs229.32.
The biggest gainer was Unilever Food which ended Rs175 higher at Rs4,080, followed by Unilever Pakistan which closed Rs110.94 higher at Rs9,994.20. Nestle Pakistan witnessed the biggest loss as it shed Rs106.25 to Rs4,693.75, followed by Mitchell’s Fruit, which ended Rs11.50 lower at Rs321.
The KSE-30 index ended 1.06pc, or 147.96 points, higher at 14,044.29.
Out of the 360 companies traded, the value of 184 increased, 154 decreased while 22 remained unchanged.
The second and third tier companies dominated the 10 most active traded stocks, including companies from the telecom and cement sectors: Telecard Ltd topped the list as it ended 72 paisa higher at Rs3.43 on 34.71 million shares, Fauji Cement fell 17 paisa to Rs7.95 on turnover of 19 million shares but DG Khan Cement gained Rs1.24 to close at Rs55.57 on 13.24m shares.
Engro Corp increased by Rs3.8 to Rs95.60 on 11.37m shares, WorldCall Telecom rose 22 paisa to Rs2.65 on 8.8m shares and Jahangir Siddiqui Co Ltd shed marginally by one paisa to Rs16 on 8.3m shares.
Maple Leaf Cement ended 14 paisa higher at Rs17.64 on 8m shares, Byco Petroleum closed 17 paisa lower at Rs13.99 on 6.9m shares and Engro Foods gained five paisa to Rs105.25 on 5m shares.TRG Pakistan Ltd rose 30 paisa to Rs7.04 on volume of 4.9m shares.
KSE up by 167pts; rupee gains vs dollar: KARACHI: The main capital market closed higher on Tuesday, with buying triggered by expected healthy corporate results to be announced for December.
The Karachi Stock Exchange's (KSE) benchmark 100-share index ended 0.98 percent, or 167.05 points, higher at 17,172.04.
Business conglomerate Engro Corporation gained 4.36 percent after the Economic Coordination Committee announced a new gas loading management plan, said a dealer.
Telecard Ltd was up 27.31 percent at 3.45 rupees.
Fauji Cement was down 2.09 percent at 7.95 rupees while Byco Petroleum fell 1.55 percent to 13.94 rupees.
In the currency market, the rupee ended at 97.64/97.69 against the dollar, stronger than Monday's close of 97.68/97.74.
Overnight rates in the money market were flat at 9.40 percent. (Reuters)

MOHAMMED SALEEM MANSOORI