BasedLine

Date: 30-September-2011
KSE-100 Index
Previous Index 11,625.69
Current Index 11,642.46
Change % 0.14%
YTD (CY11) -3.16%
YTD (FY12) -6.83%
KSE-100 Index
Previous Index 21,174.31
Current Index 21,148.29
Change % -0.12%
YTD (CY11) 12.46%
YTD (FY12) 1.01%
International Indicators
 
Close
%age
BSE-30 16,698.07 1.53
HANGSENG 18,011.06 0.00
NIKKEI 225 8,701.23 0.99
FTSE 5,196.84 -0.40
DJIA 11,153.98 1.30
SSEC 2,365.34 -1.12
NASDAQ 2,480.76 -0.43
 
Close
%age
TASI n/a n/a
KSE(Kuwait) 5,833.10 -0.27
BSE 1,165.75 -1.48
MSM 5,602.29 -0.17
ADX 2,533.41 -0.05
DFM 1,431.71 -0.47
QSE 8,393.92 -0.34
Capital Market Overview

Market watch: Stock market gains in volatile session

The stock market wandered around the neutral line before closing higher on Tuesday as mixed investor sentiments prevailed. more... (ET)

NAVs and Returns
as of September 29, 2011
Funds Offer Redemption
POGSF
10.2123/-
10.2123/-
YTD Return
12.73%
POAIIF
52.3488-
51.8253/-
YTD Return
12.77%
POAAAF
48.86/-
47.64/-
YTD Return
-5.70%
POIAAF
53.97/-
52.62/-
YTD Return
0.71%
POAF
10.56/-
YTD Return
12.29%
Funds Rating
AMC
AM3
POAIIF
A+ (f)
POAF
AA-
POAAAF
5 Star
POIAAF
3 Star
  Jul-11 Aug -11
MoM (%)
AUM's (PKR bn) 216.00 225.15 4.24%
No of AMCs 26 26 -
No of Funds 122 122 -
KSE Market Data
KSE Market Data
Capitalization
Volume
Traded Val.
KSE Return
 
(USD bn)
(Rs. bn)
(Sh. mn)
(Rs.bn)
(YTD)
KSE100
32.80
2,820
68.97
2.79
-3.16%
KSE30
6.71
577
46.94
2.51
-3.92%
KMI30
4.94
425
35.09
1.80
12.46%
KSE All
35.72
3,072
80.56
2.90
-3.41%
September 29, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
173.40
113.70
-13.00%
OGDC
14.94
131.91
130.67
-13.78%
UBL
2.00
59.87
43.73
-3.30%
LUCK
1.70
74.95
37.17
5.80%
September 29, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
63.48
-39.04
24.44
Foreign Corporates
700.40
-4,122.23
-3,421.82
Overseas Pakistani
171.79
-222.30
-50.50
Grand Total
935.67
-4,383.56
-3,447.89
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
28-Sep-11
29-Sep-11
Change
Gross Buy
547.08
-38.19%
41.38
-5.59%
1.03
0.94
-9.52%
Gross Sell
-560.76
8.36%
-44.25
-17.87%
-4.05
-4.38
8.30%
Net Buy/(Sell)
-13.92
-103.64%
-2.84
-72.34%
-3.01
-3.45
-14.42%
S.C.R.A
Country
During the Period FY12TD
28-09-2011
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
1.07
-
-
2.31
-
-
-1.24
-
0.14
-0.14
Luxembourg
6.15
-
-
26.26
-
-
-20.11
-
-
-
Switzerland
10.83
0.18
-
14.92
-
-
-3.91
-
0.19
-0.19
UAE
1.73
0.52
-
2.39
4.18
-
-4.85
-
-
-
UK
15.86
0.16
-
44.38
-
-
-28.36
-
0.11
-0.11
USA
54.04
-
-
79.17
-
0.28
-25.41
0.59
1.72
-1.13
Total
100.82
0.86
-
179.26
4.18
0.28
-82.57
0.81
2.30
-1.50
News Clippings
Economy

Pakistan's liquid reserves stood at $17,379.4 million

The total liquid foreign reserves held by the country stood at $17,379.4 million. more... (BR)

Highest-ever fiscal deficit at Rs1.336tr

The fiscal deficit during 2010-11 stood at a whopping Rs1.336 trillion — highest in the country’s history more... (D)

Sept inflation may come close to 11 percent

After witnessing a surprising lower than estimated inflation as measured by CPI (11.56 percent) in Aug 2011, more... (DT)

Fallout from bailout: No more budgetary support loans until IMF approval, says ADB

It was largely expected, but on Thursday the Asian Development Bank said it in public: the Manila-based lender will not be providing any budgetary support loans to Pakistan more... (ET)

Inflationary pressure: Petrol, CNG prices likely to rise by Rs4

The government is expected to hike petrol price by Rs4.15 per litre and compressed natural gas (CNG) price by Rs4 per kilogramme from October 1 more... (ET)

Pakistan’s IMF rebuff to be short-lived

While Pakistan appears to be ending its program with the International Monetary Fund (IMF), there’s a real possibility Islamabad will have to later go back and ask for new loans, more... (DT)

Company & Sector Update

Pakistan’s exports to India declining

Pakistan’s stakes in bilateral trade with India are declining for the last three years, and the balance is heavily in favour of India, reveals data released by the State Bank. more... (D)

Local auto industry pays price for high priced imported used cars

The local automakers have rejected the importer dealers’ proposal for the Trade Policy 2011-12 to allow commercial import of up to ten-year old used vehicles that could be detrimental for the domestic auto industry. more... (DT)

Court suspends LPG policy implementation

The Lahore High Court on Thursday granted a stay in a case challenging implementation of the LPG Production and Distribution Policy 2011, which the industry termed “controversial”. more... (ET)

Steel manufacturers: Chinese firm to help set up billet mill

Karachi-based Abbas Steel Group has signed up with China’s Sinosteel Corporation to supply machinery and equipment to put up a billet mill to provide raw material for the group’s rerolling industry of wire rod and rebar mill complex. more... (ET)

PSO reports Rs 14.78bn profit after tax

PSO declared profit after tax of Rs 14.78 billion in comparison to Rs 9.05 billion last year. PSO maintained its market leadership with 65.6 percent of the total market share and recorded the highest ever sales of 1.1 million MTs of Motor Gasoline more... (DT)

Political

Pak-Turkey ties for social uplift stressed

The people of Pakistan and Turkey enjoy unprecedented bonds of friendship. The mutual cooperation in the social sector needs to be enhanced further for the wellbeing and benefit of the people of both the countries. more... (FD)

US tones down rhetoric

The United States appeared on Thursday to have adopted a new approach for dealing with the alleged presence of terrorist outfits in Fata, taking legal action against militants without further escalating tensions with Pakistan. more... (D)

Pakistan, Iran join hands on security, border management

The interior ministers of Pakistan and Iran, on Wednesday, vowed to work together for regional peace and stability besides agreeing to cooperate with each on the issues of security and border management. more... (DT)

APC rejects US allegations, resolves not to compromise on sovereignty

Rejecting the recent assertions and baseless allegations made by the United States against Pakistan, the All Parties Conference (APC) here on Thursday resolved unanimously to never compromise on sovereignty and territorial integrity of the country. more... (BR)

Haqqni APC: ISI not exporting terrorism: Lt Gen Pasha

Director General ISI Lt General Shuja Pasha briefed the All Parties Conference (APC) about the challenges the country was facing at the military front. more... (N)

 

GCC

Abu Dhabi set to quadruple GDP

Abu Dhabi The massive infrastructure development in Abu Dhabi is expected to boost the emirate’s non-oil trade and push up the real gross domestic product (GDP) more... (Zawya)

Work on Dh2b Phoenix Mall to begin this year

Dubai A massive new dev-elopment covering eight million square feet on the outskirts of Dubai will help bring more foreign direct investment into the UAE, the developer behind the project said yesterday. more... (Zawya)

Saudis aim to build 16 nuclear reactors to cut domestic oil use

Saudi Arabia, holder of one-fifth of global oil reserves, aims to build 16 nuclear reactors by 2030 as the nation seeks to cut the amount of crude it burns in generators to meet rising power demand, an official said. more...(Gulf News)

Abu Dhabi consumer prices rise 1.6% as food rises, clothing falls

Average consumer prices in Abu Dhabi increased 1.6 per cent for the year in August, latest data released by the Statistics Centre Abu Dhabi (SCAD) showed yesterday. more... (Gulf News)

Qatar, Dubai attract fund interest amid global turmoil

Some international portfolio investors are finding value in gas-rich Qatar and Dubai’s recently rehabilitated stock market, even as global financial markets weaken and political risks deter buyers in other parts of the Middle East and North Africa. more... (Gulf Times)

Quote of the Day:

“Think of yourself as on the threshold of unparalleled success. A whole clear, glorious life lies before you. Achieve! Achieve!” Andrew Carnegie

 
Economic Highlights
Economic Indicators
GDP Growth FY12E
4.20%
GDP -2011
$180 bn
Per Capita Income FY11
$1,250
Population
177.1mn
US$ Reserves (Sep 30, 2011)
$17.38 bn
Trade Balance ( Aug 11)
$-2.43bn
Curr. A/C (July 11- Aug 11)
$-189mn
Remittances (July 11- Aug 11)
$2.41bn
Foreign Investment (Jul 11-Aug 11)
$65.2mn
All Sch. Banks Deposit Base (Sep 16, 2011)
Rs751.32bn
Inflation
CPI Gen. - YoY (Aug-11) 11.56%
   
CPI Gen. - FY11 (Jul 10- June 11) 13.92%
   
NFNE Core INFL - YoY (July 11) 10.70%
   
NFNE Core INFL -FY11 (Jul-June 11) 9.70%

Money Market

 
Price
Change
28-SEP-11
29-SEP-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
81.64
-1.08%
12.30%
12.60%
30.20
     
28-SEP-11
29-SEP-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
992.41
1,027.49
35.07

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.03
13.00
13.06
13.16
Offer
13.53
13.25
13.31
13.66

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.40
13.40
13.35
13.30
13.30
13.40
Low  
13.40
13.30
13.25
13.20
13.20
13.30

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
87.35
118.91
1.14
136.48
23.78
1.75
0.55

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.15
13.13
12.98
Last Cut Off.
13.07
13.23
13.31
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
13.06
13.02
13.13
13.02
10 Y-PIB
13.05
13.00
13.13
13.00

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
1.01
2.01
1.98
2.53
4.24
8.34
0.0
13.00
Change bps
1.00
0.00
-2.00
2.00
-1.00
1.80
0.00
-8.00

Commodities

     
29-SEP-11
30-SEP-11
change
WTI (USD/bbl)    
81.15
82.42
1.57%
     
Brent (USD/bbl)    
103.93
104.18
0.24%
     
Arab Light (USD/bbl)    
101.58
103.17
1.57

Domestic
Current
Previous
Change
High Speed Diesel (litre)
92.64
92.10
0.59%
Furnace Oil (Rs/ton)
71,663.64
69,507.20
3.10%
Cement (Rs. Bag Avg)
414.50
410.88
0.88%
Urea Fertilizer (Rs/bag)
1,602.50
1,604.58
-0.13%
Gold 24cr (Rs./10gm) Khi
46,696.67
46,292.96
0.87%
Rice IRRI -6(Rs/100kg)
3,599.00
3,600.00
-0.03%
KCA Cotton (Rs/mound)
6,400.00
6,300.00
1.59%
International
Current
Previous
Change
Coal Spot(USD/ton)
122.50
122.90
-0.33%
Gold Futures
1,628.30
1,620.50
0.48%
Sugar 11 (USD/lb)
25.87
24.30
6.46%
Steel (USD/ton)
727.82
729.25
-0.20%
Wheat (CBT) (USD/bu)
654.25
638.75
2.43%
PTA (USD/ton)
1,270.00
1,345.00
-5.58%
Copper (USD/ton)
7,210.25
7,230.75
-0.28%

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(BR) Business Recorder, (D) Dawn, (N) The News, (DT) Daily Times, (FD) The Financial Daily, (KSE) Karachi Stock Exchange

Separator
Disclaimer:
This Bizz Info is being circulated for information purposes only and no action is being solicited based on it. Information and calculations presented in this news update have been generated from sources which we believe to be reliable, however we do not represent that it is accurate, complete and should be relied upon. Pak Oman Asset Management Company Ltd. does not assume any liability on it. This Bizz Info or any part of it should not be reproduced, published or distributed without prior permission.