Adam Securities Limited – Market Closure

Karachi, December 31, 2014 (PPI-OT): Market Summary

KSE-100 index rallied by oil and gas, fertilizer and cement stocks. Investor interest remained in cement and fertilizer stocks amid benefit from falling energy prices, lower inflation. Improved economic outlook has restored the confidence of foreigners as they continuously pouring their money in stocks. At close, the Karachi Stock Exchange’s (KSE) benchmark 100-share index up by 0.6% or 177.38 points to end at 32,131.

Volume at local bourse clocked in at 145.8 million shares as compared to 146.9 million shares in previous session, down by meagre 0.8%. Trading value at local bourse increased to Rs 11.4 billion against Rs 10.4 billion. The advance to decline ratio in the broader market remained in the favour of bulls. Out of 369 scrips, 2103scrips advanced, 130 scrips declined while the value of 26 scrips remained unchanged.

Bullish sentiments observed at Karachi Stock Exchange. In Oil and Gas sector APL, POL and ATRL increased by 3.12%, 0.9% and 2.67%, while MARI hit the upper limit. In Chemicals sector FATIMA, FFBL and ICI extended their scrip value by 2.67%, 1.73% and 1.19%, while EFERT hit the upper circuit. In Cement sector LUCK, FCCL and FECTC increased by 1.08%, 2.05% and 2.19%. EPQL, LPL and SPWL representing Electricity sector up by 0.96 %, 1.25% and 1.99% respectively.

In volume chart, PIOC remained the volume leader with 13.54 million shares, closed at Rs 85.61 by adding Rs 3.11 followed by PAEL with 12.76 million shares closed at Rs 40.93 by gaining Rs 1.55. ENGRO remained 3 rd in the volume chart with 10.10 million shares and closed at Rs 221.51 by gaining Rs 1.67.

Major trading activities witnessed in Cement sector as traded above 42.27 million shares followed by Commercial Banks sector with 36.86 million shares. Chemicals sector parked at 3 rd place by trading above 31.81 million shares. While top gainers of the day were Rafhan Maize and Nestle Pak with price change of Rs +534.20 and Rs +95.00 respectively. Top losers of the day were Colgate Palmolive and Exide (Pak) with the price change of Rs -73.50 and Rs -72.67 respectively.