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Sunday, 24 March 2013

STOCK MARKET UPDATE: 25.03.2013



STOCKS
Karachi Stocks Up 42.05 Points:
KARACHI, Mar 22: At the close of trading, the KSE-100 index was at 17955.67, up 42.05 points.
(Today Market is 59.72 Up@ 10.57 am)

March 21, 2013
 5 TOP GAINERS  &  LOOSERS:

Bata Pak
Rs 25.00
Sanofi Aventis
Rs (19.00)
Philip Morris
Rs 13.01
Indus Motor Co
Rs (14.70)
Pak Services
Rs 9.25
Fazal Textile
Rs (12.77)
Sapphire Textile
Rs 9.21
Sunrays Textile
Rs (6.75)
Ismail Industries
Rs 8.35
Adamjee Ins
Rs (3.67)
KSE 100-index gains 50 points
KARACHI, March 22: Shares rose in thin trading on Friday, led by cement sector where dispatches for the month increased by an average 27 per cent, raising hopes of healthy growth in the March-end results.
The KSE-100 index gained 49.5 points to close at 17,963.12 points. The index moved between the high at 17,975.85 and low at 17,892.98 points and settled at just about 40 points short of the 18,000 level. The index did dip in the red in the first session on Friday, but recovered quickly, evidencing considerable volatility.
Investors also showed interest in telecom stocks and continued to trade in Engro Corporation and Engro Foods. Equity dealers said that political developments were in the forefront.
Yet, the realisation dawned that the selection of caretaker prime minister would carry forward to next week, which pushed most investors to the sidelines. Investor sentiments next week would be guided by the caretaker setup, but they are likely to keep an eye on the modalities pertaining to a potential request to IMF for loan and the strings attached with it.
The individual investors, were the major buyers of $4.44 million worth equity on Friday, which dealers said evidenced small investors enthusiasm over the turnaround of the market in the week, when except the first trading day, the bulls were firmly in command for the rest of the week. That was after two consecutive weeks of sluggishness that had erased 520 points from the index.
On Friday, banks offloaded shares valued at a huge $9.14 million while companies and mutual funds bought equity worth around $2m.
Foreign portfolio inflow amounted to $0.83m on Friday, almost about the same amount as purchases the day earlier. The foreigners were buyers of net $9.4m worth equity in the week ended Friday.
The market capitalisation based-KSE-30 index fell by 9.03 points to 14,257.72 points. The activity was concentrated mostly in low-priced stocks. The turnover dropped by 32 per cent to 161 million shares on Friday, from 236 million shares the earlier day and trading value plunged by 22 per cent to Rs6.034 billion, from Rs7.752bn on Thursday. Market capitalisation showed addition of Rs3bn to Rs4.383 trillion, from Rs4.38tr.
In all 329 stocks came up for trading on Friday, with 170 gainers, 140 losers and 19 remaining unchanged.
The major gainers for the day included Bata (Pak) up by Rs25 to Rs1,325, followed by Philip Morris Pak higher by Rs13.01 to Rs283.01. Other leading gainers were Pakistan Services, Sapphire Fibres and Ismail Industries. The laggards were led by Sanofi-Aventis down by 19 paisa to Rs361 and Indus Motor Co lower by Rs14.70 to Rs292.20.
Other big losers were Fazal Textile, Sunrays Textile and Adamjee Insurance.
The 10-top active list saw Wateen Telecom in the first place with trading in 16m shares, up by 38 paisa to Rs3.59. TRG Pakistan with 15m shares, rose by 18 paisa to Rs7.46, D.G. Khan Cement continued to climb adding 30 paisa to Rs69.26 on 12m shares, Engro Corporation pulled back by Rs1.88 to Rs129.32 on 11m shares.
Maple Leaf Cement was up by 32 paisa to Rs18.10 on 11m shares, Fauji Cement edged higher by 5 paisa to Rs8.45 on 10m shares, WorldCall Telecom rose by 21 paisa to Rs3.13 on 8m shares, Nishat Mills also added Rs1.31 to its earlier day’s gains, ending at Rs84.45 on 5m shares, Lafarge Pakistan on a turnover of 4m shares closed at its unchanged price at Rs6.54 and Jah Sidd Co was up by 5 paisa to Rs14.41 on 4m shares.
Pakistan stocks tick up to close at 17,964 points: KARACHI: With cementmakers and fertilizer stocks in focus the apex bourse managed to have another somewhat dull but green day on Friday after grabbing a meager near 50 points, Geo News reported.
At the end of the rollover day, Karachi Stock Exchange's (KSE) benchmark 100-share index was up by 0.28 percent to close at 17,963.11 points.
Experts said with caution on their mind, traders mostly remained sidelined as the caretaker government was yet to settle in.
The trading volumes remained thin on the last business day of the week. Friday’s notable changes are as follows. D.G.Khan Cement rose 0.57 percent to 69.35 rupees and Wateen Telecom Ltd rose 12.46 percent to 3.61 rupees.

MOHAMMED SALEEM MANSOORI

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