DAILY KARACHI STOCK MARKET SUMMARY:
Stock
Karachi Stocks Down 51.08 Points: KARACHI, May 31: At close of trading, the KSE-100 index was at 12144.51, down 51.08 points. (Bureau Report) (Updated @ 15:30 PST)
May 31, 2011
| KSE 30 – Shares Index | Previous 11,798.36,Tuesday’s 11,762.76,minus 35.60 points. |
| KSE 100 – Shares Index | Previous 12,195.59,Tuesday’s 12,123.15,minus 72.44 points. |
| MARKET CAPITALIZATION | Previous Rs.3,236.134bn,Tuesday’s3,217.534bn,minus 18.600bn. |
| VOLUME LEADERS | Fauji Cement(right)45.159m, Dewan Salman 15.588m, Dewan Motors 7.618m, Amtex 5.080m, Fauji Cement 4.700m shares. |
| TOTAL VOLUME | 123.103m shares |
| TOTAL | TONE:easy,total listed 638,actives 340,inactives 96,plus 86,minus 158,unchanged 96 |
 | |
| Indus Dyeing | Rs 7.59 | UniLever Pak | Rs (228.02) |
| National Refinery | Rs 6.76 | Nestle Pakistan | Rs (148.96) |
| Attock Refinery | Rs 5.46 | Siemens Pak | Rs (14.38) |
| Sitara Chemical | Rs 4.06 | Exide (Pak) | Rs (7.71) |
| Attock Petroleum | Rs 3.88 | Bata (Pak) Ltd | Rs (5.43) |
NOTE: All rates in Rupees. Unless indicated otherwise, each share is valued at Rs.10.
* Shares valued at Rs.5, ** Shares valued at Rs.50, *** Shares valued at Rs.100KSE 100-index falls
KARACHI, May 31: Equity market on Tuesday remained in a bearish frame of mind as some positive budgetary leaks failed to enthuse the worried investors weighed down by conflicting rumours about mode of collection of capital gain tax.
The KSE 100-share index posted a fresh fall of 72.44 points at 12,123.15 as leading base shares fell under the lead of Nestle Pakistan, Unilever Pakistan, Engro Corporation, Pakistan Oilfields, National Bank and some others.Reports of army operation in North Waziristan added to the existing political worries of investors as most of them fear the post-operation negative fallout on the share business, some leading analysts believe.
Never before in the pre-budget history of the stock market were investors immune to some good news also, they said, adding: “All of them seem to have joined in unison to seek exit routes where possible.”
“No one could deny the fact that the current budget may find light of the day in most trying conditions accentuated by war on terror,” said a leading stock analyst Ahsan Mehanti. “What is more disturbing is that even some of the sectors, which possibly could be the chief beneficiary of the relief measures, failed to provide the needed lead to the broader market,” he added.
Analyst Hasnain Asghar Ali said various rumours suggesting different rates for the replacement of capital gains tax, and the transaction tax kept investors at the back foot most of the time, who could not precisely decide how to react to the changing scenario in the trading hall.
“The shares of Dewan Group of Companies remained in the limelight for the second session in a row followed by reports of its restructuring under the lead of Dewan Salman and some others and accounted for 19 per cent of the total volume,” another leading analyst Samar Iqbal said.
Leading gainers were led by Indus Dyeing, and National Refinery, up by Rs7.59 and Rs6.76, while Unilever Pakistan and Nestle Pakistan were among the top losers, off by Rs228.02 and Rs148.96, respectively.Traded volume was maintained on the higher side thanks to alternate bouts of buying and selling in the Dewan Group of Companies, rising to 123.103m shares from the previous 121m shares but losers held a strong lead over the gainers at 158 to 86, with 96 shares holding on to the last levels.
Fauji Cement (right), led the list of actives, up 13 paisa at 0.14 on 45m shares followed by Dewan Salman, lower 36 paisa at Rs3.02 on 16m shares, Dewan Motors, steady by 34 paisa at Rs2.96 on 8m shares, Amtex, up 30 paisa at Rs2.66 on 5m shares, Fauji Cement, firm by 28 paisa at Rs4.77 on 5m shares, J.S. & Co, lower 36 paisa at Rs7.31 on 5m shares, and Dewan Cement, lower 54 paisa at 2.05 also on 5m shares.
Bank of Punjab followed them, lower by 11 paisa at Rs6.13 on 3m shares, Azgard Nine, easy 30 paisa at Rs6.50 on 2m shares and Fauji Fertiliser, lower by 24 paisa at Rs42.83 also on 2m shares.
FUTURE CONTRACTS:
Active trading was also witnessed under the lead of DG Khan Cement, steady by 3 paisa at Rs23.21 on 0.538m shares followed by Attock Refinery, up by Rs1.17 at Rs131.56 on 0.401m shares and National Bank, lower by 70 paisa at Rs53.23 on 0.251m shares.
Pakistan Oilfields followed them, easy by 77 paisa at Rs335.19 on 0.195m shares and Engro Corporation, easy by 35 paisa at Rs195.81 on 0.177m shares.
DEFAULTER COS:
Shares of Dewan Group of Companies again came in for active bouts of buying and selling under the lead of Dewan Auto, lower by 44 paisa at 1.46 on 0.221m shares followed by Invest Bank, easy by 17 paisa at 0.39 on 0.153m shares and Japan Power, lower by six paisa at 1.30 on 0.151m shares.
S. S. Oils, Dadabhoy Cement, and Crescent Jute followed them but all finished fractionally lower on large volumes.
Index sheds 72.44 points
The KSE-100 index on Tuesday lost 72.44 points to close at 12,123.15 points as the investors maintained cautious stance and preferred to offload their holdings on available margins. Although the opening was slightly positive and the index hit 12,207.17 points intra-day high level but soon dropped into negative zone at 12,100.51 points intra-day low due to selling from both local and foreign fronts.
Trading volume at ready counter increased to 123.103 million shares as compared to 120.596 million shares traded on Monday. Market capitalisation declined by Rs 19 billion to Rs 3.217 trillion. Of 340 active scrips, 158 closed in negative and 86 in positive, while the values of 96 stocks remained unchanged.
Fauji Cement (R) was the volume leader with 45.159 million shares and gained Re 0.13 to close at Re 0.14. Dewan Salman lost Re 0.36 to close at Rs 3.02 with 15.588 million shares. Dewan Motors increased by Re 0.34 to close at Rs 2.96 with 7.618 million shares. Amtex inched up by Re 0.30 to close at Rs 2.66 with 5.080 million shares. Fauji Cement gained Re 0.28 to close at Rs 4.77 with 4.700 million shares. Jahangir Siddiqui Co lost Re 0.36 to close at Rs 7.31 with 4.463 million shares. Dewan Cement declined by Re 0.54 to close at Rs 2.05 with 4.413 million shares.
BoP lost Re 0.11 to close at Rs 6.13 with 3.054 million shares. Azgard Nine decreased by Re 0.30 to close at Rs 6.50 with 1.781 million shares. Fauji Fertiliser Bin Qasim declined by Re 0.24 to close at Rs 42.83 with 1.483 million shares.
Indus Dyeing and National Refinery were the highest gainers, increasing by Rs 7.59 and Rs 6.76 to close at Rs 317.27 and Rs 364.79 respectively, while Unilever Pakistan and Nestle Pakistan were the worst losers declining by Rs 228.02 and Rs 148.96 to close at Rs 4946.40 and Rs 3389.81 respectively. Hasnain Asghar Ali at Aziz Fidahusein said that persistent selling in frontline high-priced stocks, amid low volumes, budget nervousness and likely repercussions of the planned operation in NW forced the index in the negative zone. However, speculative activity in FCCLR, that contributed 40 percent to the total turnover, kept the volume on higher side, while value of trade suffered a massive setback. Out of total loss of 51 points, 36 points were erased on 500 shares' trade of Nestle and ULEVER combined.
He said that high volatility in local political and geo-political scene, and impact of the former on announcement of federal budget on the expected date, various rumours suggesting different rates for the replacement of CGT, and the transaction tax kept the market participants on the back foot. Higher discounts due to low volume price erosion in dividend yielders, away from visible threats did invite equity-specific funds for fresh placements. Low quantum, however, failed to have a wider impact, thus keeping the excitement on the lower side.
Trading volume at ready counter increased to 123.103 million shares as compared to 120.596 million shares traded on Monday. Market capitalisation declined by Rs 19 billion to Rs 3.217 trillion. Of 340 active scrips, 158 closed in negative and 86 in positive, while the values of 96 stocks remained unchanged.
Fauji Cement (R) was the volume leader with 45.159 million shares and gained Re 0.13 to close at Re 0.14. Dewan Salman lost Re 0.36 to close at Rs 3.02 with 15.588 million shares. Dewan Motors increased by Re 0.34 to close at Rs 2.96 with 7.618 million shares. Amtex inched up by Re 0.30 to close at Rs 2.66 with 5.080 million shares. Fauji Cement gained Re 0.28 to close at Rs 4.77 with 4.700 million shares. Jahangir Siddiqui Co lost Re 0.36 to close at Rs 7.31 with 4.463 million shares. Dewan Cement declined by Re 0.54 to close at Rs 2.05 with 4.413 million shares.
BoP lost Re 0.11 to close at Rs 6.13 with 3.054 million shares. Azgard Nine decreased by Re 0.30 to close at Rs 6.50 with 1.781 million shares. Fauji Fertiliser Bin Qasim declined by Re 0.24 to close at Rs 42.83 with 1.483 million shares.
Indus Dyeing and National Refinery were the highest gainers, increasing by Rs 7.59 and Rs 6.76 to close at Rs 317.27 and Rs 364.79 respectively, while Unilever Pakistan and Nestle Pakistan were the worst losers declining by Rs 228.02 and Rs 148.96 to close at Rs 4946.40 and Rs 3389.81 respectively. Hasnain Asghar Ali at Aziz Fidahusein said that persistent selling in frontline high-priced stocks, amid low volumes, budget nervousness and likely repercussions of the planned operation in NW forced the index in the negative zone. However, speculative activity in FCCLR, that contributed 40 percent to the total turnover, kept the volume on higher side, while value of trade suffered a massive setback. Out of total loss of 51 points, 36 points were erased on 500 shares' trade of Nestle and ULEVER combined.
He said that high volatility in local political and geo-political scene, and impact of the former on announcement of federal budget on the expected date, various rumours suggesting different rates for the replacement of CGT, and the transaction tax kept the market participants on the back foot. Higher discounts due to low volume price erosion in dividend yielders, away from visible threats did invite equity-specific funds for fresh placements. Low quantum, however, failed to have a wider impact, thus keeping the excitement on the lower side.
Dates of Closure of Books & Annual General Meetings
================================================================================================
T+2 Dividend/
Name of companies Book Closures AGM Last Date Bonus/Right
From To Cum Price (Percentage)
================================================================================================
(TFC) Allied Bank 22.05.2011 05.06.2011 - - -
Haydari Constructuon 26.05.2011 02.06.2011 02.06.2011 (u)(E) - -
Fazal Cloth Mills 27.05.2011 02.06.2011 30.05.2011 (u)(E) - -
Nimir Ind Chemicals 27.05.2011 02.06.2011 - - -
Thatta Cement 28.05.2011 03.06.2011 - 20.05.2011 25 (R)
Sapphire Fibres 28.05.2011 03.06.2011 - - -
Sapphire Textile Mills 28.05.2011 03.06.2011 - - -
Habib ADM 29.05.2011 04.06.2011 04.06.2011 (u)(E) - -
Cherat Papersacek 30.05.2011 06.06.2011 06.06.2011 (u) - -
Husein Sugar Mills 31.05.2011 06.06.2011 06.06.2011 (u) - -
MCB Bank 02.06.2011 09.06.2011 - 25.05.2011 30(I)
Soneri Bank 02.06.2011 05.06.2011 - - 33.25 (R)
Shaheen Insurance 03.06.2011 10.06.2011 10.06.2011 (u)(E) - -
Ittehad Chemicals 04.06.2011 10.06.2011 10.06.2011 (u) - -
(TFC) Engro Fertilizer 04.06.2011 17.06.2011 - - -
JS Bank 06.06.2011 14.06.2011 15.06.2011 (u) - -
Jahangir Siddiqui & Company 06.06.2011 15.06.2011 15.06.2011 (u) - -
Crescent Steel
(Un-Consolidated) 08.06.2011 14.06.2011 - 31.05.2011 10 (II)
Treet Corporation 08.06.2011 14.06.2011 14.06.2011 (u)(E) - -
(TFC) Saudi Pak Leasing Co 10.06.2011 - - - -
Lotte Pakistan PTA 10.06.2011 16.06.2011 16.06.2011 (u)(E) - -
PTCL 11.06.2011 20.06.2011 - 03.06.2011 17.5 (I)
Khyber Tobacco 11.06.2011 18.06.2011 19.06.2011 (u)(E) - -
O.G.D.C 14.06.2011 21.06.2011 - 06.06.2011 15(II)
Fauji Fertilizer Bin Qasim 14.06.2011 20.06.2011 - 06.06.2011 12.5 (I)
Hinopak Motors 14.06.2011 20.06.2011 20.06.2011 - Nil
Pakistan Oilfields 14.06.2011 20.06.2011 20.06.2011 (u)(E) - -
National Bank of Pakistan 14.06.2011 20.06.2011 20.06.2011 (u) - -
Atlas Honda 15.06.2011 23.06.2011 23.06.2011 07.06.2011 65,15 (B)
Transmission Engg 15.06.2011 21.06.2011 20.06.2011 (u) - -
Sapphire Tex Mills 15.06.2011 21.06.2011 21.06.2011 (u) - -
Invest Cap Inv Bank 17.06.2011 24.06.2011 24.06.2011 - Nil
Sui Northern Gas Pipelines 17.06.2011 23.06.2011 23.06.2011 (u)(E) - -
Mehran Sugar Mills 17.06.2011 23.06.2011 - - 7.5 (II),
10 (B) (I)
New Jublee Insurance 18.06.2011 24.06.2011 24.06.2011 (u)(E) - -
Fateh Industries 21.06.2011 27.06.2011 27.06.2011 (u)(E) - -
Media Times 21.06.2011 28.06.2011 28.06.2011 (u) - -
JDW Sugar Mills 23.06.2011 30.06.2011 - - 10 (R)
Honda Atlas Cars 23.06.2011 30.06.2011 30.06.2011 - Nil
Emco Industries 23.06.2011 30.06.2011 30.06.2011 (u)(E) - -
Singer Pakistan 25.07.2011 04.08.2011 04.08.2011 (u) - -
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