BasedLine

Date: 07-October-2011
KSE-100 Index
Previous Index 11,868.17
Current Index 11,839.00
Change % -0.25%
YTD (CY11) -1.53%
YTD (FY12) -5.26%
KSE-100 Index
Previous Index 21,719.14
Current Index 21,659.06
Change % -0.28%
YTD (CY11) 15.18%
YTD (FY12) 3.45%
International Indicators
 
Close
%age
BSE-30 Closed n/a
HANGSENG 17,172.30 5.67
NIKKEI 225 8,522.02 1.66
FTSE 5,291.26 3.71
DJIA 11,123.30 1.68
SSEC 2,359.22 -0.26
NASDAQ 2,506.82 1.68
 
Close
%age
TASI Closed n/a
KSE(Kuwait) 5,826.10 0.11
BSE 1,165.71 0.01
MSM 5,534.97 -0.13
ADX 2,494.46 0.24
DFM 1,395.43 0.75
QSE 8,242.45 1.06
Capital Market Overview

Market watch: Stock market falls on profit-taking

The stock market closed on a negative note amid low turnover as political noise in the country pushed participants to book profits. The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.25 per cent or 29.17 points to end at 11,839 points. more... (ET)

NAVs and Returns
as of October 06, 2011
Funds Offer Redemption
POGSF
10.2474/-
10.2474/-
YTD Return
13.39%
POAIIF
52.4481/-
51.9236/-
YTD Return
12.59%
POAAAF
49.38/-
48.15/-
YTD Return
-4.69%
POIAAF
54.42/-
53.06/-
YTD Return
1.55%
POAF
10.57/-
YTD Return
11.77%
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
33.62
2,891
50.93
3.15
-1.53%
KSE30
6.84
588
37.06
2.92
-2.08%
KMI30
5.06
435
26.99
2.06
15.18%
KSE All
36.33
3,124
62.75
3.24
-1.83%
October 06 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
171.43
113.71
-13.98%
OGDC
14.94
135.83
130.68
-11.22%
UBL
2.00
59.42
43.74
-4.02%
LUCK
1.70
76.02
37.17
7.31%
October 06 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
34.88
-14.47
20.42
Foreign Corporates
1,219.89
2,196.27
-976.38
Overseas Pakistani
214.96
-204.10
-10.85
Grand Total
1,469.73
-2,414.84
-945.11
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
05-Oct-11
06-Oct-11
Change
Gross Buy
561.24
-38.25%
10.88
24.37%
3.04
1.47
-51.70%
Gross Sell
-577.16
10.21%
-11.13
63.36%
-3.65
-2.41
-33.91%
Net Buy/(Sell)
-16.17
-104.04%
-0.26
113.22%
-0.61
-0.95
-54.78%
S.C.R.A
Country
During the Period FY12TD
05-10-2011
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
1.17
-
-
3.41
-
-
-2.24
-
0.26
-0.26
Luxembourg
6.87
-
-
27.67
-
-
-20.80
-
0.03
-0.03
Switzerland
10.83
0.18
-
15.13
-
-
-4.11
-
-
-
UAE
1.73
0.52
-
2.39
4.18
-
-4.85
-
-
-
UK
16.28
0.16
-
47.77
-
-
-31.36
-
1.18
-1.21
USA
55.52
-
-
92.43
-
0.85
-37.76
0.45
0.77
-0.33
Total
105.32
0.86
-
198.75
4.18
0.85
-98.16
0.68
2.27
-1.62
News Clippings
Economy

SBP seen cutting policy rate 50-100 basis points

State Bank of Pakistan (SBP) is likely to cut interest rates by up to 100 basis points on Saturday because of lower inflation. more... (BR)

Reserves fall

The foreign exchange reserves of the country depleted by $294 million to $17.345 billion, the Central Bank reported on Thursday in its weekly report. more... (D)

Banks, corporates hold over Rs3tr govt securities

Holdings of government securities by banks and non-bank institutions have crossed Rs3 trillion. The government seems to be sleepwalking into debt trap despite absence of foreign lenders. more... (D)

Financial constraints: Govt to take away another piece from PSDP budget

The government has once again decided to take away a piece of the budget set aside for development schemes due to financial constraints, making it the second time in less than four months that the public sector development programme will be sacrificed. more... (ET)

Company & Sector Update

Power generation: Company formed to oversee and control operations

To fast track structural reforms in power generation companies, the government has decided to amalgamate policymaking for four power companies for an interim period. more... (ET)

Benchmark rate: NEPRA approves tariff for wind power projects

In order to attract investment in the energy sector, the National Electric Power Regulatory Authority (Nepra) has set upfront tariff for wind power projects along with cutting down paper work. more... (ET)

Oracle appoints advisers for Thar coal project

Oracle Coalfields Plc has announced that it has appointed Citi as financial advisers for the development of its $1.4 billion flagship coal resource project in south-eastern deserts of Sindh. more... (ET)

Chain Reaction: LPG prices decline on new policy

The producers of Liquefied Petroleum Gas (LPG) reduced its price by Rs12 per kg on Thursday.Following the new LPG policy of the government, all LPG producers have reduced its price by Rs11,700 per ton and cut Rs140 in the cost of domestic cylinder and Rs540 in commercial cylinder. more... (ET)

Political

Power crisis: 100 legislators rally outside presidency

Protesting against the government’s inaction over the ongoing power crisis, parliamentarians, led by the Pakistan Muslim League-Nawaz (PML-N), staged a protest and sit-in on Thursday in front of the presidency. more... (ET)

Analysis: Within its domain, SC gives fair decision

The suo motu case started with a bang and concluded yesterday upon the Hon'ble Supreme Court having announced its verdict and quoting James Bryce, “Patriotism consists not of waving the flag, but in striving that our country shall be righteous as well as strong,” has given a long list of actions to be taken by the provincial government. more... (ET)

APC set new trend: Military, political leadership on same table: Iftikhar

Khyber Pakhtunkhwa Minister for Information and spokesman of the provincial government, Mian Iftikhar Hussain, has said that All Parties Conference (APC) has set new trend by bringing together political and military leadership on the same table sending clear message to the US that no compromise would be made on the sovereignty of the country. more... (BR)

Amin Fahim hopes Pakistan-India will soon enter golden era of bilateral trade

Federal Minister for Commerce Makhdoom Amin Fahim has expressed the belief of beginning golden era in trade relations between Pakistan and India . more... (BR)

GCC

Oman to up refining capacity as demand booms

Oman plans to boost capacity at its Sohar refinery by up to 50 percent by 2016 to satisfy its own rapidly rising fuel demand, the chief executive of Oman Oil Refineries and Petroleum Industries Company (ORPIC) said. more... (GB)

Saudi oil price hike shows Asia demand strength

The increasing disconnect between oil markets in Asia and the West was highlighted again by Saudi Arabia, which boosted export prices for a region that is the world's last hope for growth while cutting those for Europe and the United States. more.. .(SB)

Asset managers urge unified rules for Middle East

Asset managers urge unified rules for Middle East.At the fifth Annual Mena Investment Management Forum in Doha, top executives said the fragmented regulatory framework is hindering the growth of the asset management industry in the Gulf Cooperation Council countries which has a fairly small amount of assets under management, currently estimated at around $50 billion (Dh183.5 billion). more... (Zawya)

UAE lenders to adopt international numbering

Dubai The UAE Central Bank is introducing the International Bank Account Numbers (IBAN) system for all bank customers in the UAE from November 19, according to a communication sent out to banks recently. more... (Zawya)

Quote of the Day:

“ I think that our fundamental belief is that for us growth is a way of life and we have to grow at all times. ”

Mukesh Ambani

 
Economic Highlights
Economic Indicators
GDP Growth FY12E
4.20%
GDP -2011
$180 bn
Per Capita Income FY11
$1,250
Population
177.1mn
US$ Reserves (Oct 06, 2011)
$17.35 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 23, 2011)
Rs757.26bn
Inflation
CPI Gen. - YoY (Sep-11) 10.46%
   
CPI Gen. - FY11 (Jul 11- Sep 11) 11.47%
   
NFNE Core INFL - YoY (Sep 11) 10.60%
   
NFNE Core INFL -FY11 (Jul 11 - Sep 11) 10.10%

Money Market

 
Price
Change
05-Oct-11
06-Oct-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
80.124
-0.12%
13.11%
13.15%
3.70
     
05-Oct-11
06-Oct-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,219.84
1,187.01
-32.83

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.74
12.68
12.71
12.79
Offer
13.24
12.93
12.96
13.29

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.40
13.40
12.90
13.00
13.00
13.00
Low  
13.40
13.30
12.75
12.75
12.70
12.55

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
88.30
118.75
1.17
137.52
24.22
1.76
0.58

T Bill Rates (%)
3 month
6 month
12 month
Avg.
12.50
12.60
12.70
Last Cut Off.
12.75
12.78
12.84
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.65
12.65
12.70
12.65
10 Y-PIB
12.63
12.55
12.70
12.55

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.99
1.94
1.98
2.39
4.26
8.58
12.55
Change bps
1.00
10.00
11.00
3.00
19.00
0.00
-10.00

Commodities

     
06-OCT-11
07-OCT-11
change
WTI (USD/bbl)    
79.52
82.87
4.21%
     
Brent (USD/bbl)    
102.38
105.98
3.52%
     
Arab Light (USD/bbl)    
101.51
103.45
1.91%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
94.15
92.64
1.63%
Furnace Oil (Rs/ton)
70,574.72
71,663.64
-1.52%
Cement (Rs. Bag Avg)
414.75
414.50
0.06%
Urea Fertilizer (Rs/bag)
1,595.42
1,602.50
-0.44%
Gold 24cr (Rs./10gm) Khi
48,119.58
47,355.79
1.61%
Rice IRRI -6(Rs/100kg)
3,544.00
3,566.00
-0.62%
KCA Cotton (Rs/mound)
6,100.00
6,000.00
1.67%
International
Current
Previous
Change
Coal Spot(USD/ton)
122.25
122.50
-0.20%
Gold Futures
1,664.00
1,646.50
1.06%
Sugar 11 (USD/lb)
24.64
24.80
-0.65%
Steel (USD/ton)
725.22
727.10
-0.26%
Wheat (CBT) (USD/bu)
616.25
625.25
-1.48%
PTA (USD/ton)
1,215.00
1,270.00
-4.33%
Copper (USD/ton)
7208.25
6,800.75
5.99%

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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.