KSE stocks end the week lower on profit taking
KSE stocks closed negative ahead of the weekend on profit taking. Selling in second session mainly by local institutions pulled the KSE-100 index down in red with most blue chips loosing ground.
Pakistan Oilfields POL PA -1.4% declined ahead of results announcement due on Monday where we expect a hefty PKR23/sh final cash payout and EPS PKR45.20 for FY11. It is worth noting that stock had already gained in a result driven rally and will remain volatile post announcement barring any major surprises. DAP maker Fauji Fertilizer Bin Qasim FFBL PA +.6% remained in limelight in volatile trading on last day before trading ex of PKR2.25/sh cash payout.
KSE stocks early next week will be guided by results of POL, ATRL, NRL and APL while broader market is likely to remain flows driven. As result season comes to a close, investor worries of possible weakening in Pak Rupee going forward will likely gain more attention along with local political scenario that remains fluid.
KSE-100 Index 11,286|High 11,397|Low 11,258|Change -62|Value USD35mn|Vol 57mn
| KSE |
Close |
+/- |
High |
Low |
Volume (mn shares) |
| LOTPTA |
12.65 |
0.22 |
12.78 |
12.47 |
8.19 |
| NBP |
44.19 |
0.36 |
45.00 |
43.40 |
6.28 |
| FFBL |
52.80 |
0.31 |
52.99 |
51.95 |
5.98 |
| ANL |
5.25 |
(0.08) |
5.40 |
4.96 |
5.90 |
| AHCL |
27.07 |
0.23 |
27.75 |
26.90 |
4.25 |
| DGKC |
20.52 |
0.40 |
20.60 |
20.02 |
2.36 |
| PKGP |
14.25 |
0.15 |
14.70 |
14.20 |
2.32 |
| PTC |
11.35 |
(0.04) |
11.49 |
11.19 |
2.10 |
| ENGRO |
135.20 |
(0.96) |
139.00 |
134.30 |
2.00 |
| ATRL |
121.94 |
(1.79) |
125.50 |
121.40 |
1.89 |
Elixir Securities
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