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Thursday, 14 February 2013


Karachi Stocks Up 47.39 Points:
KARACHI, Feb 14: At the close of trading, the KSE-100 index was at 17743.84, up 47.39 points.
(Today Market is 63.49 Up@ 11.24 am)

February 14, 2013

Unilever Pak
Rs 105.00
Sapphire Textile
Rs (12.50)
National Foods
Rs 15.43
Siemens Pak
Rs (11.90)
Atlas Battery
Rs 9.07
Fateh Textile
Rs (4.75)
Packages Ltd
Rs 8.73
EFU General Ins
Rs (4.66)
Pak Services
Rs 7.25
Philip Morris
Rs (3.75)

Index gains 70 points on foreign buying
KARACHI, Feb 14: Heavy inflow of foreign investment amounting to $4.09 million in the equity market on Thursday and investor enthusiasm over the Pakistan Telecommunication Company Ltd results combined to lift the KSE-100 index up by another 69.37 points to close at yet another all-time high at 17,765.82 points.
The market capitalisation based KSE-30 index saw about an equal gain of 69.63 points to climb to 14,519.18 points.
Investors’ enthusiasm over the PTCL, which on Wednesday announced 2HCY12’s (Oct-Dec12) earning per share (eps) at Rs1.85 in 4QCY12 cumulative eps of Rs0.23 for 2HCY12 on Wednesday, suggested increase of 15 per cent in the revenue on account of the prevailing high incoming International calls (ICH). The stock in PTCL closed at its upper limit.
Other telecom shares, Telecard, WorldCall and Wateen Telecom also performed well. As the buying picked up pace, institutional investors went on cherry picking in cement and energy stocks, while retail investors and day traders seized the opportunity to make quick gains by quick entry and exit in ‘penny’ stocks.
Including the aggressive net buy of $4.09 million worth stocks on Thursday, compared with net portfolio inflow of $0.188 million the earlier day, the total net purchase by overseas investors for the current month rose to $10.71 million. In Jan net buying of foreigners stood at $15.42m.
Among local participants, banks were major sellers of $3.90 million worth stocks on Thursday.
Hasnain Asghar Ali at Escorts Capital commented that investors were concerned over the sword of uncertain and fragile economic and financial matters hanging over the head and twists and turns on the political front, yet, the consistent inflow of funds both from local and foreign counters kept the bulls in command.
The market capitalisation rose to Rs4.446 trillion on Thursday, from Rs4.430tr the earlier day. In all, 361 stocks came up for trading of which gaining issues at 172 were not far ahead of the losing stocks at 161. The turnover for the day climbed to 313 million shares, up from 262 million shares traded on Wednesday.
Interestingly however, traded value was down to Rs6.41 billion on Thursday, from Rs7.1 billion the previous day. It suggested the greater participation of low-priced stocks. The list of 10 most active scrips, show six stocks, which were priced lower thanRs10.
The highest gain for the day was recorded in UniLever Pak, which was up by Rs105 to Rs10,380, followed by National Foods up by Rs15.43 to Rs324.05.
On the losing side, Sapphire Textile shed Rs12.50 to Rs237.50 and Siemens Pakistan declined by Rs11.90 to Rs605.10.
Telecard saw the largest volume of 40 million shares traded 95 paisa up to Rs5.60. It was followed by PTCL higher by Rs1 to Rs21.10 on 33m shares. Sui Northern Gas Pipelines declined by 16 paisa to Rs25.30 on 22m shares, Wateen Telecom gathered 44 paisa to Rs3.98 on 18m shares, WorldCall Telecom added 24 paisa to Rs3.75 on 16m shares, PIA jumped by 58 paisa to Rs4.69 on 16m shares.
Jah Sidd Co edged higher by 37 paisa to Rs17.92 on 15m shares, NIB Bank was up by 7 paisa to Rs2.84 on 12m shares, Pace (Pakistan) was firmer by 32 paisa to Rs3.81 on 11m shares and Byco Petroleum gained 20 paisa to Rs14.32 on 8m shares.
MSCI maintains Pakistan weightage
KARACHI, Feb 14: MSCI, a leading provider of investment decision support tools worldwide, announced on Wednesday the results of the Quarterly Index Review for MSCI Equity Indices with no addition or deletion.
No company from Pakistan was added or deleted from the index, in sympathy with the regional peers.
At present 12 Pakistani companies sit on the MSCI index that include: OGDC, MCB, FFC, POL, UBL, Engro, NBP, PPL, PSO, Hubco, PTCL and Fatima. Pakistan’s weight was maintained at 4.1pc following the review.
As per the MSCI press release, though there were no additions or deletions to the MSCI Frontier Market Index (MSCI FM), however, there were marginal changes in FIF (Foreign Inclusion Factor) included in calculation of the index.
As a result, Pakistan’s proforma weight changed to 4.02pc from 4.01pc currently; the slight upswing driven by a small change in FIF factor of Fatima Fertiliser.According to KASB Wires, looking ahead, any developments on Pakistan potentially being considered for an upgrade should be closely tracked; there were developments in other markets which could also have an impact on Pakistan.
Analysts said that UAE and Qatar upgrade combined with any development on MSCI statement in the last Annual Review that it could consider consulting investors on excluding Argentina from MSCI FM would be positive in terms of Pakistan’s weight in MSCI FM.
The combined impact of all three markets being excluded from MSCI FM Index works out to 165bp, raising Pakistan’s weight to 5.67pc within MSCI FM.
On the other hand, MSCI has also highlighted the possibility of Morocco and Saudi Arabia being included in MSCI FM in future, which would dilute Pakistan’s current weight of 4.02pc in MSCI FM. Pakistan weight in MSCI Frontier Small Cap also remained intact.
Stocks close higher, as KSE 100 Index gains 85 points: KARACHI: The stock prices at the local capital market closed higher on Wednesday, led by interest in telecoms and the energy sector.
The Karachi Stock Exchange's (KSE) benchmark100-share index ended 0.48 percent, or 85.05 points, higher at 17,696.45.
Pakistan Telecommunication Corporation Ltd. saw 45 million shares traded as it announced its December quarter earnings, the company's first profit in two years.
Some institutional interest in Oil and Gas Development Company stocks pushed the price of shares in the state-run company above 200 rupees per share for the first time.
Stocks in Sui Northern Gas Company also rallied after it announced positive results, said a dealer.
Pakistan Telecommunication Corporation rose 1.96 percent to 20.30 rupees and Oil & Gas Development Company. gained 1.86 percent to hit 202.25 rupees.
In the currency market, the rupee ended steady at 98.05/98.10 against the dollar, compared to Tuesday's close of 98.06/98.11. The rupee had come under pressure after Pakistan made a $145 million payment to the IMF, dealers said.
Overnight rates in the money market fall to 9 percent compared to Tuesday's close of 9.40 percent. (Reuters)


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