Index touches new high
Karachi Stock Exchange on Thursday ended higher on institutional buying across-the-board and the benchmark KSE-100 index hit a new historic high of 24,800 points. The KSE-100 index gained 355.31 points to close at fresh historic high of 24,800.69 points up from 24,445.38 points. The market capitalisation also crossed Rs 6 trillion. Overall, the market capitalisation increased by Rs 88.034 billion to Rs 6.002 trillion.
Asad Siddiqui, Senior Manager Research at Topline said bull-run led by institutional buying helped the market to post a bullish trend thus enabling the index to close at new high level.
He said that investors´´ interest was seen not only in cement, energy & power and textile sectors but in some side-board items as well. However, participation remained on the lower side as trading value posted a decline of 21 percent to Rs 9.5 billion. The KSE-100 index also hit an intraday high of 24,867.47 points and a low level of 24,445.38 points. Despite bullish trend, trading activity remained lower than Wednesday and the volume at the ready counter declined to 188 million shares compared to 200 million Wednesday.
Trading took place in 365 scrips, of which 232 went up, 110 went down and that of 23 remained unchanged. Fauji Cement was the volume leader with 32.6 million shares followed by Maple Leaf Cement with 9.5 million shares and Dewan Cement with 7.5 million shares changing hands.
Among top 10 scrips, price of eight scrips closed positive, one negative and that of one remained stable. Fauji Cement gained Re. 0.12 to Rs close at Rs 13.54. Maple Leaf Cement remained stable at Rs 25.88 per share. Dewan Cement closed at Rs 5.60, up by Re 0.10. Some 6.5 million shares of Nishat Mills changed hands and it moved up by Re 0.03 to Rs 113.50.
Pak Elektron Ltd gained Re 0.27 to Rs 18.88 on 6.3 million shares. With a decline of Re0.03, share price of Jah. Sidd. Co closed at Rs 8.56 on 6.3 million shares.
Similarly, D.G. Khan Cement and Pak Petroleum gained Re. 0.25 and Re 0.37 to close at Rs 76.90 and Rs 211.85, respectively. Lafarge Pak moved up by Re 0.13 to Rs 7.98 on 5.6 million shares and P.T.C.L.A gained Re. 0.11 to Rs 30.68 on 5 million shares.
Nestle Pakistan and Rafhan Maize were the top gainers with share prices increasing by Rs 409.95 and Rs 300.00 to close at Rs 9,106.20 and Rs 8,100.00, respectively. Unilever Foods and Wyeth Pak Ltd were the worst losers, declining by Rs 570.00 and Rs 67.30 to close at Rs 1,0830.00 and Rs 4,633.0, respectively.
Ahsan Mehanti an analyst at Arif Habib said stocks closed all-time high led by stocks across the board on strong valuations.
"Strong recovery in global commodities, renewed foreign interest and hopes for stability in rupee-dollar parity played a catalyst role in bullish sentiment despite concerns for double-digit CPI Inflation data for Nov´´13," he added. In addition, improved fertiliser sales data for Nov´´13, higher local cement prices and unchanged oil refineries LPG prices for December ´´13 kept sentiments positive in fertiliser, oil and cement sectors, he maintained.
LSE index up by 9.09 points
Bullish sentiments dominated on the Lahore Stock Exchange on Thursday and the equities registered gains across the board amid marginally decreased trading turnover. The LSE-25 index was improved by 9.09 points to close at 4673.14 against 4664.05 of Wednesday while transaction volume was further squeezed to 1.589 million shares compared with last day volume of 1.968 million shares.
The market was opened on a healthy note and stayed in green zone during the entire day´s trading. The oil sector shares like OGDC, Mari Petroleum and PPL helped market sentiments, while Glaxo Smith Kline, Pakistan National Shipping, Century Paper and Board Mills, Engro Foods, Fauji Fertiliser, Pioneer Cement, Fauji Cement, Lafarge Pakistan Cement, Dewan Cement, Allied Bank, Askari Bank, Pace Pakistan and Nimir Industrial Chemicals also performed well.
However, Kohat Cement, PSO, Sui Northern, PTCL, Pakistan Reinsurance, Adamjee Insurance, Pervez Ahmed Securities, and Lotte Chemical Pakistan were ended in negative column.
The advancing stocks were ahead of the declining ones, as out of a total of 118 active issues, 40 companies posted gains, 12 suffered losses while 66 companies stayed glued to their day earlier closing.
OGDC gained Rs 7.34, Mari Petroleum was improved by Rs 6.90, Glaxo Smith Kline was appreciated by Rs 4.29 while Pakistan National Shipping Corporation and Century Paper & Board Mills were up by Rs 3.36 and Rs 2.07, respectively.
In the minus column, Kohat Cement lost Rs 1.47, PSO was declined by 47-paisa, while Sui Northern and PTCL shed 40-paisa and 20-paisa, respectively.
Fauji Cement was the market leader whose 249,000 shares changed hands followed by PTCL with 215,000 shares.
Bulls dominate ISE
Bulls dominated the proceedings on the Islamabad Stock Exchange (ISE) on Thursday, where equities continued to move in upward direction with positive trend at the ISE amid increase in index. ISE Ten Index showed an improvement of 90.68 points as the ISE Ten Index moved from 4,518.98 to 4,609.66 points.
The overall turnover amounted to 27,500 shares as compared to previous volume of 120,400 shares.
Total 121 companies participated in buying and selling activity. Majority of stocks (85) closed in positive territory, 36 closed in negative territory, whereas no company remained pegged to its overnight levels.
The volume of Lafrage Pakistan Cement was 20,000 shares. The volume of Fauji Cement Company was 5,500 shares. The volume of Silk Bank was 1,000 shares.
BRIndex30 gains 138.72 points
On Thurs-day, BRIndex30 opened at 14,158.96. It touched an intraday high of 14,314.60 and an intraday low of 14,130.82 and closed at 14,297.68, which was 138.72 points or 0.98 percent higher than previous close. Total volume was 120,296,700, which was 63.82 percent of KSE All share volume and 85.33 percent of KSE 100 volume. The KSE All Share volume was 188,497,320 and KSE 100 volume was 140,981,270.
BR Commercial Banks Index closed at 5,493.82 with a net positive change of 31.97 points or a percentage change of 0.59 and a total turnover of 23,795,500.
BR Cement Index closed at 2,409.40 with a net positive change of 62.52 points or a percentage change of 2.66 and a total turnover of 69,483,400.
BR Oil and Gas Index closed at 3,731.89 with a net positive change of 79.6 points or a percentage change of 2.18 and a total turnover of 12,307,300.
BR Tech & Comm Index closed at 815.24 with a net positive change of 0.08 points or a percentage change of 0.01 and a total turnover of 8,252,500.
BR Power Generation and Distribution Index closed at 3,778.41 with a net positive change of 11.27 points or a percentage change of 0.3 and a total turnover of 4,787,500.
Financial Results for the year ended June 30, 2013 Declaration Nil EPS (1.01)
PAKISTAN INCOME ENHANCEMENT FUND
A bonus of Re 0.33 per unit, an investor holding 100 units as of 25th November 2013 will get 0.6495 units on the ex-bonus price of Rs. 50.81 per unit, the proportionate will apply to actual holdings. The above entitlement will be paid to the unit holders
HONDA ATLAS CARS (PAKISTAN ) LTD
Financial Results for the half year ended September 30, 2013 declaration Nil EPS Qtr. (0.09) EPS Half Year 2.20
UBL SAVING INCOME FUND
Interim payout of 0.62% on opening NAV on October 24, 2013 i.e. Rs. 100.4323 which translates into Rs 0.62 per unit. An investor holding 100 units at the close of business as on November 25, 2013 will get 0.6170 units on ex-dividend NAV of Rs 100.4819 pe
UBL ISLAMIC SOVEREIGN FUND
Interim payout of 0.63% on opening NAV on October 24, 2013 i.e. Rs. 100.3055 which translates into Rs 0.63 per unit. An investor holding 100 units at the close of business as on November 25, 2013 will get 0.6261 units on ex-dividend NAV of Rs 100.6184 pe
UBL GOVERNMENT SECURITIES FUND
Interim payout of 0.59% on opening NAV on October 24, 2013 i.e. Rs. 100.2201 which translates into Rs 0.59 per unit. An investor holding 100 units at the close of business as on November 25, 2013 will get 0.5884 units on ex-dividend NAV of Rs 100.2690 pe
UBL LIQUIDITY PLUS FUND
Interim payout of 0.63% on opening NAV on October 24, 2013 i.e. Rs. 100.3405 which translates into Rs 0.63 per unit. An investor holding 100 units at the close of business as on November 25, 2013 will get 0.6276 units on ex-dividend NAV of Rs 100.3853 pe
PAKISTAN CASH MANAGEMENT FUND
Interim Distribution A bonus of Re 0.3172 per unit, An investor holding 100 units as on November 25, 2013 will get 0.6344 units on the ex-bonus price of Rs. 50.00 per unit, the proportionate will apply to actual holdings. The above entitlement will be p
MEEZAN CASH FUND
This is to inform you that the management company based on net asset value per unit of November 21, 2013 has approved interim payout of Rs 0. 27/-(0.54%) per unit at par value of Rs. 50/-for the year ending June 30, 2014. This is in additiion to interim p
PICIC CASH FUND
Interim Distribution A bonus of Re 0.65 per unit, (0.6474% on the Opening Ex-NAV as on June 30, 2013) An investor holding 100 units as on 22, November 2013 will get 0.6463 units on the ex-bonus price of Rs. 100.5710 unit, the proportionate will apply to