BasedLine

Date: 12-October-2011
KSE-100 Index
Previous Index 12,092.32
Current Index 12,054.82
Change % -0.31%
YTD (CY11) 0.27%
YTD (FY12) -3.53%
KSE-100 Index
Previous Index 22,320.06
Current Index 22,322.52
Change % 0.01%
YTD (CY11) 18.71%
YTD (FY12) 6.62%
International Indicators
 
Close
%age
BSE-30 16,536.50 0.13
HANGSENG 18,141.60 2.43
NIKKEI 225 8,773.68. 1.95
FTSE 5,395.70 0.06
DJIA 11,416.30 0.15
SSEC 2,399.18 2.16
NASDAQ 2,583.03 0.15
 
Close
%age
TASI 6,118.62 -0.30
KSE(Kuwait) 5,859.00 0.19
BSE 1,155.57 0.15
MSM 5,561.19 -0.10
ADX 2,494.21 -0.15
DFM 1,387.90 -0.12
QSE 8,352.60 0.82
Capital Market Overview

Market watch : Stocks fall as market gets crowded

The stock market fell slightly in a very active session as volumes increased to 141 million shares on local institutional and foreign activity. more... (ET)

NAVs and Returns
as of October 11, 2011
Funds Offer Redemption
POGSF
10.2962/-
10.2962/-
YTD Return
15.05%
POAIIF
52.9737/-
52.4440/-
YTD Return
15.98%
POAAAF
50.42/-
49.16/-
YTD Return
-2.69%
POIAAF
55.64/-
54.25/-
YTD Return
3.83%
POAF
10.60/-
YTD Return
12.25%
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
34.11
2,933
119.86
6.15
0.27%
KSE30
6.96
598
92.00
5.66
-0.37%
KMI30
5.17
444
81.11
4.83
18.71%
KSE All
36.84
3,168
141.71
6.39
-0.13%
October 11 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
170.97
113.67
2.11%
OGDC
15.50
141.03
135.53
-29.69%
UBL
2.00
59.45
43.72
2.11%
LUCK
1.70
79.85
37.16
2.11%
October 11 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
62.74
-66.58
-3.83
Foreign Corporates
3,850.86
-4,667.86
-817.00
Overseas Pakistani
847.21
-558.80
-288.42
Grand Total
4,760.82
-5293.23
-532.41
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
10-Oct-11
11-Oct-11
Change
Gross Buy
570.16
-37.98%
19.79
42.35%
3.83
4.76
-160.66%
Gross Sell
-591.19
11.87%
-25.17
106.01%
-6.04
-5.29
150.21%
Net Buy/(Sell)
-21.35
-105.26%
-5.44
-415.69%
-2.21
-0.53
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


Exports surge by 18.68pc in three months

Exports from the country surged by 18.68 percent during the first three months of the current fiscal year as against the same period of last year, Federal Bureau of Statistics (FBS) reported. more... (BR)

ADB to fund new $97m hydropower plant

The Asian Development Bank (ADB) has said that it will provide $97 million to help fund a new private sector hydroelectricity plant in Pakistan, which will ease power shortages and create thousands of jobs. more... (ET)

Ties with IMF to get new shape in Nov

At a parliamentary hearing on Tuesday, authorities acknowledged that Pakistan still faced a number of economic challenges, including power sector losses.They also hinted at entering a new IMF programme at a later stage this year. Finance Secretary Dr Waqar Masood said the IMF mission would be visiting Islamabad in the first half of next month for Article-IV consultation because Pakistan still needed its advice and guidance. more... (D)

India ready to support Pakistan to access EU markets: Fahim

Federal Commerce Minister Makhdoom Amin Fahim on Tuesday said India was ready to support Pakistan in getting final approval of World Trade Organisation (WTO) regarding Pakistani products' access to European markets. more... (D)

Company & Sector Update

Not so independent: Power producers to pay more for gas supply

The cabinet, scheduled to meet today (Wednesday), is likely to approve increase in gas tariff for independent and captive power plants under the tariff rationalisation plan, a move that will lead to a rise in power prices, sources say. more... (ET)

Govt to refund exporters’ social security deposits

The government has decided to refund old-age benefit and social security deposits to registered textile exporters in an effort to facilitate and promote textile exports, said Shahid Rashid, Secretary of Textile Ministry. more... (ET)

ECC to consider 1.2mn tonne urea import

Among several other issues, the Economic Coordination Committee of the Cabinet (ECC) would consider a summary for the import of urea to cater to the increasing demand of the fertiliser during the Rabi season. The Ministry of Industries has prepared a detailed summary and submitted to ECC for approval, recommending import of 0.7 to 1.2 million tonnes of urea, said an official of the ministry. more... (TFD)

Rate cut to boost auto demand

The policy rate cut by 150 basis points by State Bank of Pakistan would positively impact the auto sales as car financing will be available at cheaper rates, says a research conducted by a private brokerage house. However, the report says, appreciation in Japanese yen against rupee and higher steel prices remains the big risks for the sector. more... (TFD)

Political

People thinking of PA dissolution are enemies of democracy: Kaira

The people who think of dissolving the Punjab Assembly (PA) are the worst enemies of democracy and the country, said former Information Minister and PPP MNA Qamar Zaman Kaira on Tuesday. more... (DT)

IHC admits Qadri's plea against death sentence

The Islamabad High Court (IHC) on Tuesday admitted the appeal against Malik Mumtaz Hussain Qadri's death sentence for hearing, and has issued notice to the State. more... (BR)

KU confers honorary degree of Doctorate on Rehman Malik

The University of Karachi (KU) on Tuesday conferred an honorary degree of Doctorate on Interior Minister Senator Abdul Rehman Malik.
The Honorary Doctorate degree was awarded at Special Convocation 2011 held at the Governor House here. more... (DT)

Malik, Qaim express satisfaction over law and order situation

The law enforcement agencies (LEAs) would take effective and prompt action against all criminal elements without taking into consideration any political influence or affiliation with any group or organisation of the metropolis. This was agreed upon in a meeting between Interior Minister Rehman Malik and Sindh Chief Minster Syed Qaim Ali Shah at his office here on Tuesday. more... (DT)

GCC

UAE projects small 2012 budget deficit

The United Arab Emirates announced on Tuesday a 2012 federal budget showing a small deficit, increased revenues and only minor adjustments in expenditures.Spending levels are projected at 41.8 billion dirhams ($11.4 billion) while revenue is estimated at 41.4 billion dirhams ($11.3 billion), leaving a deficit of just over $100 million, according to the official WAM news agency. more... (Zawya)

Egypt deputy prime minister resigns: MENA

Egyptian deputy prime minister Hazem al-Beblawi, who is also the country's finance minister, resigned from his post on Tuesday, the official MENA news agency reported. more.. .(zawya)

Dubai Chamber board meets to discuss private sector growth

Board members of Dubai Chamber of Commerce and Industry (DCCI) met to discuss challenges facing the business sector and ways to enhance Dubai's business growth and private sector performance.They discussed how to activate channels of communication with various governmental departments and within the business community in general. more... (Zawya)

Muscat to host global family business forum

Around 140 companies from 15 countries are expected in Muscat for a worldwide family business forum to be hosted by International Institute for Family Enterprises (IIFE).Being held at the Al Bustan Palace Hotel from October 22-24, the fourth Owners Forum Middle East will bring together family businesses and long-term investors from Germany, Switzerland and Austria. more... (Zawya)

Quote of the Day:

“ Greatness is not a function of circumstance. Greatness, it turns out, is largely a matter of conscious choice, and discipline.”

Jim Collins

 
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 ( July-Sep 11)
$-5.11bn
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
10-Oct-11
11-Oct-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
80.054
0.67%
13.36%
13.18%
-18.30
     
10-Oct-11
11-Oct-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,170.90
1,137.90
-33.00

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.64
11.69
11.69
11.75
Offer
12.14
11.94
11.94
12.25

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.90
12.00
11.95
11.85
11.75
11.70
Low  
11.90
11.75
11.75
11.60
11.50
11.50

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
88.40
119.59
1.16
137.30
24.05
1.77
0.59

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
12.07
12.00
12.05
12.00
10 Y-PIB
12.10
12.05
12.05
12.05

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.99
2.09
2.13
2.59
4.31
8.70
12.05
Change bps
-1.00
1.00
-1.00
0.00
-2.00
-4.70
5.00

Commodities

     
11-OCT-11
11-OCT-11
change
WTI (USD/bbl)    
85.28
85.32
0.05%
     
Brent (USD/bbl)    
108.69
110.68
1.83%
     
Arab Light (USD/bbl)    
106.18
106.43
0.24%

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
48,465.00
48,914.00
-0.92%
Rice IRRI -6(Rs/100kg)
3,387.00
3,468.00
-2.35%
KCA Cotton (Rs/mound)
6,450.00
6,300.00
2.38%
International
Current
Previous
Change
Coal Spot(USD/ton)
120.55
122.25
-1.39%
Gold Futures
1,669.40
1,684.70
-0.91%
Sugar 11 (USD/lb)
25.94
26.28
-1.29%
Steel (USD/ton)
723.89
726.88
-1.39%
Wheat (CBT) (USD/bu)
660.75
611.50
8.05%
PTA (USD/ton)
1,185.00
1,215.00
-2.47%
Copper (USD/ton)
7,271.25
7,475.75
-2.74%

Kindly Click here for PDF Version

(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.