BasedLine

Date: 11-October-2011
KSE-100 Index
Previous Index 11,853.84
Current Index 12092.32
Change % 2.01%
YTD (CY11) 0.58%
YTD (FY12) -3.23%
KSE-100 Index
Previous Index 21,745.91
Current Index 22320.06
Change % 2.64%
YTD (CY11) 18.69%
YTD (FY12) 6.61%
International Indicators
 
Close
%age
BSE-30 16,557.20 2.00
HANGSENG 17,711.10 0.02
NIKKEI 225 8,784.02. 0.98
FTSE 5,399.00 1.80
DJIA 11,433.20 2.09
SSEC 2,631.58 0.72
NASDAQ 2,566.05 2.97
 
Close
%age
TASI 6,136.97 0.61
KSE(Kuwait) 5,847.60 -0.08
BSE 1,153.88 -0.89
MSM 5,566.90 0.05
ADX 2,498.00 -0.07
DFM 1,389.57 -0.62
QSE 8,284.79 0.21
Capital Market Overview

Market watch: KSE hits 6-week high despite foreign selling

The surprising rate cut boosted sentiments at the Karachi Stock Exchange (KSE) on Monday as the main index jumped by over two per cent to a more than six-week high while volumes surged to a seven-month top. . more... (TFD)

NAVs and Returns
as of October 10, 2011
Funds Offer Redemption
POGSF
10.2658/-
10.2658/-
YTD Return
13.62%
POAIIF
52.9599/-
52.4304/-
YTD Return
16.04%
POAAAF
50.29/-
49.03/-
YTD Return
-2.95%
POIAAF
55.62/-
54.23/-
YTD Return
3.79%
POAF
10.60/-
YTD Return
12.11%
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
34.28
2,948
155.75
6.75
0.58%
KSE30
7.01
603
117.81
6.17
0.40%
KMI30
5.20
447
92.62
4.57
18.69%
KSE All
37.02
3,184
183.08
6.94
0.18%
October 10 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
170.97
113.71
2.15%
OGDC
15.50
141.03
135.58
-29.66%
UBL
2.00
59.45
43.74
2.15%
LUCK
1.70
79.85
37.17
2.15%
October 10 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
69.53
-82.44
-12.90
Foreign Corporates
3,188.39
-5240.49
-2,052.11
Overseas Pakistani
573.07
-719.37
-146.30
Grand Total
3,830.99
-6042.30
-2,211.31
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
07-Oct-11
10-Oct-11
Change
Gross Buy
565.50
-38.34%
15.13
8.88%
0.53
3.83
-160.66%
Gross Sell
-586.02
11.12%
-19.99
63.67%
-3.02
-6.04
150.21%
Net Buy/(Sell)
-20.82
-105.14%
-4.91
-385.15%
-2.50
-2.21
133.97%
S.C.R.A
Country
During the Period FY12TD
07-10-2011
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
-
-
3.64
-
-
-2.44
-
0.22
-0.26
Luxembourg
9.56
-
-
27.82
-
-
-18.26
1.03
0.01
1.01
Switzerland
10.83
0.18
-
15.13
-
-
-4.11
-
-
-
UAE
1.73
0.52
-
2.39
4.18
-
-4.85
-
-
-
UK
17.22
0.16
-
50.20
-
-
-32.86
0.41
1.03
0.62
USA
58.62
-
-
95.02
-
0.85
-37.24
0.67
1.51
0.85
Total
112.05
0.86
-
204.16
4.18
0.85
-96.84
2.10
2.80
0.70
News Clippings
Economy

Remittances soar 25pc to $3.3bn in 3 months

Overseas Pakistani workers remitted an amount of $3,297.20 million in the first quarter (July – September) of the current fiscal year 2011‐12 (FY12), showing an impressive growth of 24.60 per cent or $650.9 million when compared with $2,646.30 million received during the same period of last fiscal year (July- September 2010). more... (TFD)

Fuel oil imported less in Sept

Government imported below average volumes of power-generation fuel oil for the second straight month in September as demand for the utility fuel has fallen due to higher hydropower output because of the monsoon season. It bought about 615,000 tonnes of fuel oil for September, a tad below monthly average volumes of about 620,000 tonne and up 6.7 per cent from August, official data showed. more... (TFD)

Chain reaction: Surprise rate cut takes KIBOR to 26-month low

The bond and equity markets have reacted strongly to central bank’s surprise decision of slashing the interest rate to bring it on a par with pre-2008 crisis levels. Karachi inter-bank offered rate (Kibor), the benchmark six-month lending rate, plummeted 95 basis points in a single day to a 26-month low of 11.96%, according to a Topline Securities research note. more... (ET)

Fiscal problems creep up: Trade gap widens 50% to $1.8b in September

The trade deficit widened by 50 per cent in September, as exports stood below $2 billion while import bill shot up to $3.6 billion, indicating that the country may face fiscal problems on the external front earlier than official estimates. more... (ET)

Company & Sector Update

HBL says NPLs to stabilise this fiscal

Habib Bank, Pakistan’s second-largest lender by assets, said its non-performing or bad loans (NPL) had peaked and would stabilise in the coming quarters.“NPL ratios in the overall banking sector have grown. Ours stand at 10 per cent currently and net of provisions, it’s 2 per cent,” Zakir Mahmood, the bank’s president and chief executive, told Reuters on the sidelines of a World Economic Forum event. more... (TFD)

Lotte seeks increase in import tariffs

The fate of Lotte Pakistan PTA’s (Lotte PPTA) investment to expand its purified terephthalic acid (PTA) production capacity to 1.5 million tons per year depends on government’s decision to increase import tariffs to protect the industry, a company executive said. more... (ET)

Car sales rise while tractor business shifts down many gears

The automobile sector kept the foot on the gas pedal as car sales rose 27 per cent in the first quarter of financial year 2012. Sales were very low last year due to the floods, which made this year’s numbers quite attractive, said Summit Capital analyst Sarfraz Abbasi. The economy has also improved since last year making selling and buying a slightly easier job, added Abbasi. more... (ET)

NBP declared as the best emerging market bank in Asia

The Global Finance Magazine has awardedNational Bank of Pakistan as the "the best emerging markets bank 2011in Asia". According to NBP here Monday, this award was announced during animpressive award ceremony, held at National Press Club in WashingtonD.C., USA. more... (BR)

Political

Mirza resignation accepted: Khuhro

Speaker of the Sindh Assembly Nisar Khuhro has said that resignation of Zulfiqar Mirza has been received and accepted too, Geo News reported. Prior to approving the resignation, Khuhro said he had spoken to Mirza and that he had informed the Governor and Chief Minister about the resignation. more... (N)

People's Aman Committee banned

People’s Aman Committee has been declared a banned organization, Geo News reported. According to a Sindh Home Department notification issued here People’s Aman Committee is, henceforth, not allowed to pursue any political/social activities at all. more... (N)

SC moved for registering cases against Mirza on ethnic remarks

A petition was filed with the Supreme Court (SC) on Monday, seeking registration of criminal cases against former Home Minister of Sindh Dr Zulfiqar Mirza and PML-N MNA Hanif Abbasi for their attempts to create ethnic division among the people of Pakistan.The petition was moved by Malik Gul Zali Khan under Human Rights Jurisdiction of the Supreme Court making the Federation of Pakistan, Dr Zulfiqar Mirza and Hanif Abbasi as respondents. more... (DT)

12 PPP MPAs revolt in favour of Dr Mirza

Twelve PPP members of Sindh Assembly have revolted in favour of former Sindh Home Minister Dr Zulfiqar Mirza, Geo News reported.According to sources, these 12 MPAs have arrived at the home of federal minister Khursheed Shah after decision of action against MPAs who supported Dr. Mirza. The meeting is underway here. more... (N)

GCC

Representatives from 50 countries to participate in WEF

More than 800 Arab and international decision makers, politicians and experts will convene at the Dead Sea this month to discuss economic developments in the Arab world in light of recent political shifts. more... (Zawya)

Private equity sector remains confident in MENA

PwC and INSEAD Abu Dhabi launched a robust survey focused on the private equity (PE) industry in the MENA region and issued the findings in a report entitled The Next Five Years, MENA PE.The report was based on a series of regional in-depth interviews and online surveys conducted with private equity firms and general partners from leading firms investing in the MENA region. more.. .(zawya)

Data brighten Gulf's outlook

The better than expected US employment numbers for September, which saw the US economy introducing 103,000 jobs for the month, are likely to lead to a healthy outlook for the GCC region in the near term, according to industry experts. more... (GN)

Oman: Share of gas in GDP rises to 4pc

The contribution of natural gas to the Sultanate's Gross Domestic Product (GDP) climbed to four per cent last year, from 1.3 per cent in the year 2000, Nasser bin Khamis al Jashmi, Oil and Gas Ministry Under-Secretary, said here yesterday. Speaking on the opening day of the Oman Investment Forum 2011, held at Al Bustan Palace -- A Ritz Carlton Hotel, he said natural gas production volumes have risen more than 13-fold over the past three decades, translating to a compounded annual growth rate of 9 per cent. more... (Zawya)

Quote of the Day:

“ Don't limit yourself. Many people limit themselves to what they think they can do. You can go as far as your mind lets you. What you believe, remember, you can achieve.”

Mary Kay Ash

 
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- Sep 11)
$3.29bn
Foreign Investment (Jul 11-Aug 11)
$65.2mn
All Sch. Banks Deposit Base (Sep 23, 2011)
Rs757.26bn
Inflation
CPI Gen. - YoY (Sep-11) 10.50%
   
CPI Gen. - FY11 (Jul 11- Sep 11) 13.4%
   
NFNE Core INFL - YoY (Sep 11) 10.60%
   
NFNE Core INFL -FY11 (Jul 11 - Sep 11) 8.6%

Money Market

 
Price
Change
07-Oct-11
10-Oct-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
79.521
-0.71%
13.16%
13.36%
19.80
     
07-Oct-11
10-Oct-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,179.12
1,170.90
-8.22

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.64
11.71
11.72
11.78
Offer
12.14
11.96
11.97
12.28

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.90
11.90
11.80
11.75
11.65
11.75
Low  
11.90
11.75
11.65
11.60
11.50
11.55

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
88.50
120.26
1.17
138.63
24.25
1.77
0.58

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.80
11.85
11.92
Last Cut Off.
12.75
12.78
12.84
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.05
11.98
12.65
11.98
10 Y-PIB
12.05
12.00
12.63
12.39

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.00
2.08
2.14
2.59
4.33
8.75
12.00
Change bps
1.00
8.00
6.00
12.00
4.00
17.60
-55.00

Commodities

     
10-OCT-11
11-OCT-11
change
WTI (USD/bbl)    
83.58
85.3
2.00%
     
Brent (USD/bbl)    
106.13
108.69
2.41%
     
Arab Light (USD/bbl)    
103.01
106.18
3.17%

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)
412.88
414.75
-0.45%
Urea Fertilizer (Rs/bag)
1,695.00
1,595.42
6.24%
Gold 24cr (Rs./10gm) Khi
48,914.00
48,644.90
1.65%
Rice IRRI -6(Rs/100kg)
3,468.00
3,538.00
-1.98%
KCA Cotton (Rs/mound)
6,300.00
6,100.00
3.28%
International
Current
Previous
Change
Coal Spot(USD/ton)
120.55
122.25
-1.39%
Gold Futures
1,684.70
1,653.10
1.91%
Sugar 11 (USD/lb)
26.28
25.16
2.41%
Steel (USD/ton)
726.88
725.22
0.23%
Wheat (CBT) (USD/bu)
611.50
607.5
0.66%
PTA (USD/ton)
1,185.00
1,215.00
-2.47%
Copper (USD/ton)
7,475.75
7,349.50
1.72%

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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.