Karachi Stock Exchange: Market Summary

Market Commentary

Karachi Stock Exchange 100-Index  gained 240 points to close at 23,232 yesterday. Addition of 40 mmcfd gas from Latif field to the system, better auto sales numbers and early approval of 3G license lifted specific blue chip and low cap stocks. We anticipate the rally to continue over the next session and advise investors to book short in IPPs and focus on banks in the medium term.

Key Data

Karachi Stock Exchange 30-Index 17959.96 +100.15 +0.56%

Karachi Stock Exchange 100-Index 23231.68 +239.51 +1.04%

USD/PKR 104.93 0 0%

NYMEX Crude Future (USD) 107.62 +0.42 +0.39%

Gold (USD) 1359.4 -7.6 -0.56%

FIPI (USD `000) -80380.76 +3241.07 +3.88%

KIBOR (6 months / %) 9.03% +0.04 +0.44%

Notable Price Movers

Sym                 % Chg             StDev change

HUBC              (5.60)%           5.68

JSCL                11.30%            4.85

FATIMA            3.60%             3.94

PPL                  3.72%             3.63

AHCL              3.62%             3.46

Notable Shares Traded

Sym                 Turnover         StDev change

EFOODS          7,483,000      4.00

PPL                  5,900,000       3.13

PIAA               20,559,500     2.78

 AHCL             3,119,500       2.48

DGKC             7,421,000       2.39

Catalysts & Events

LUCK FY13 result to be announced on Sep 17, 13

MPS announcement on Sep 13, 13