BasedLine

Date: 13-October-2011
KSE-100 Index
Previous Index 12,054.82
Current Index 12,059.07
Change % 0.04%
YTD (CY11) 0.30%
YTD (FY12) -3.50%
KSE-100 Index
Previous Index 22,322.52
Current Index 22,481.18
Change % 0.71%
YTD (CY11) 19.55%
YTD (FY12) 7.38%
International Indicators
 
Close
%age
BSE-30 16,958.40 2.55
HANGSENG 18,329.50 1.04
NIKKEI 225 8,738.90. 0.40
FTSE 5,441.80 0.85
DJIA 11,516.80 0.90
SSEC 2,432.19 0.55
NASDAQ 2,604.03 0.90
 
Close
%age
TASI 6,105.04 -0.22
KSE(Kuwait) 5,847.50 -0.20
BSE 1,147.50 -0.70
MSM 5,519.32 -0.75
ADX 2,486.86 -0.29
DFM 1,383.72 -0.30
QSE 8,428.16 0.78
Capital Market Overview

Market watch: Bourse wanders around neutral line

Equities traded along the neutral line and closed range-bound on Wednesday with volumes concentrated in few select stocks.The Karachi Stock Exchange’s (KSE) benchmark 100-share index rose marginally by 0.04 per cent or 4.25 points to end at 12,059.07 point level.
more... (ET)

NAVs and Returns
as of October 12, 2011
Funds Offer Redemption
POGSF
10.2975/-
10.2975/-
YTD Return
14.91%
POAIIF
52.9877/-
52.4578/-
YTD Return
15.92%
POAAAF
50.64/-
49.37/-
YTD Return
-2.28%
POIAAF
55.91/-
54.51/-
YTD Return
4.33%
POAF
10.59/-
YTD Return
11.65%
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
34.12
2,934
105.26
4.58
0.30%
KSE30
6.98
600
84.33
4.23
-0.03%
KMI30
5.20
447
74.05
3.49
19.55%
KSE All
36.85
3,169
117.81
4.71
-0.07%
October 12 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
167.18
113.40
-16.12%
OGDC
15.50
139.41
139.41
-8.88%
UBL
2.00
58.36
43.62
-5.73%
LUCK
1.70
79.88
37.07
12.76%
October 12 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
29.50
-34.13
-4.63
Foreign Corporates
1,094.26
-1,666.41
-572.16
Overseas Pakistani
506.35
-455.50
-50.84
Grand Total
1,630.11
-2,156.04
-525.94
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
11-Oct-11
12-Oct-11
Change
Gross Buy
571.75
-37.94%
21.38
47.43%
4.76
1.63
-65.76%
Gross Sell
-593.30
12.09%
-27.27
93.42%
-5.29
-2.16
-59.27%
Net Buy/(Sell)
-21.87
-105.37%
-5.96
-1549.60%
-0.53
-0.53
-1.22%
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


Tax collection: FBR to take extra measures to cover last year's shortfall

The government may raise additional taxes to cover up past mismanagement as the top finance ministry official said on Wednesday the government would take additional measures to offset the impact of Rs30 billion less revenue collection last year. more... (ET)

Banking spreads fall 29 basis points

Banking spreads fell by 29 basis points in August as outstanding loan and deposit rates move in opposite directions, according to data released by the State Bank of Pakistan.Lending rate declined by 11 basis points while deposit rate jumped by 18 basis points in August, according to an InvestCap research note. more... (ET)

Pakistan's three-mth fiscal deficit 1.1 pct of GDP

Pakistan's fiscal deficit for the first three months of fiscal year 2011/12 was 1.1 per cent of gross domestic product, a Finance Ministry official told Reuters on Wednesday. more... (D)

Gold climbs as dollar weakens

Gold rose 1 percent on Wednesday as the dollar slid to a near four-week low against the euro, with the single currency benefiting from hopes that European authorities will agree a plan to tackle the euro zone debt crisis. Physical demand for the precious metal has also been buoyant in Asia, dealers said, and is expected to remain so as the Indian festival season gets underway. more... (DT)

Company & Sector Update

Service sector exports surge 23.58 percent in two months

Exports of services sector surged by 23.58 per cent during the first two months of the current fiscal year over the same period of last year, Federal Bureau of Statistics (FBS) reported. more... (BR)

Outstanding power subsidy dues cleared

Federal Secretary Finance, Waqar Masood Wednesday said that the last payment worth Rs10 billion, under the head of subsidy on power, has been cleared, closing this account for now, Geo News reported. more... (TN)

Focus textile sector:Govt working to implement medium, long-term initiatives

For the development of textile sector, the government is working on implementation of medium and long-term initiatives including technology upgradation development of standards, projects for skill development and infrastructure development in partnership with the private sector. more... (DT)

PSO buys gasoline on higher rates


Pakistan State Oil (PSO) will buy all seven 87-octane gasoline cargoes it sought for November-December arrival from four suppliers at higher premiums versus July-October purchases, traders said on Wednesday. more... (TFD)

Political

Nawaz Sharif terms Oct 12 as black day

President PML-N Mian Nawaz Sharif Wednesday described October 12, 1999 as a black day when the then army chief Gen. Pervez Musharraf staged a military coup - the fourth time in the country's history that a military dictator usurped power. more... (BR)

Pakistan decides, in principle, to grant MFN status to India

Pakistan has, in principle, decided to grant Most Favoured Nation (MFN) status to India, said Foreign Minister Hina Rabbani Khar on Wednesday.Responding to a question during 'question hour' in the National Assembly, she said dialogue process with India has been initiated after a gap of two years. "The top-most priority of the country is to ensure uninterrupted dialogue with India so that the resolution of core Kashmir could be ensured", she added. more... (ET)

US cannot abandon Pakistan relationship: Clinton

US Secretary of State Hillary Clinton said on Wednesday the United States cannot abandon Pakistan but that the South Asian nation must help solve Afghanistan's difficulties or it will 'continue to be part of the problem.' more... (TN)

PPP govt to appoint 3rd SBP chief

Present government of Pakistan People's Party has to appoint third full-fledged Governor of State Bank of Pakistan before 18 th October 2011 as Yassen Anwar can stay as acting chief of central bank for three months as per concerned rules of the apex banks. more... (TFD)

GCC

UAE 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. more... (D)

Middle East has emerged stronger from financial crisis, regional turmoil

Private equity industry in the Middle East and North Africa (Mena) has emerged stronger from the global financial crisis and the recent political turmoil in the region, according to a recent survey of the industry by PricewaterhouseCoopers (PwC) and Insead Abu Dhabi. more.. .(GN)

Business leaders optimistic about opportunities created by the Arab Spring

The sweeping changes brought about by the Arab Spring have not dented business confidence in the region as top business leaders and policy makers attending the Global Arab Business Meeting (GABM) in Ras Al Khaimah this week shared an optimistic outlook on the region's ability to emerge stronger on the economic front. more... (Zawya)

Stocks rise onhopes for bold EU bank plan

Hopes that Europe will finally take the bold steps needed to stem its financial crisis sent stocks higher yesterday. The Dow Jones industrial average rose 65 points, led by JPMorgan Chase & Co. more... (GN)

Quote of the Day:

“ Power properly understood is nothing but the ability to achieve purpose. It is the strength required to bring about social, political and economic change. ”

Martin Luther King Jr

 
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
11-Oct-11
12-Oct-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
79.968
-0.11%
13.18%
13.22%
3.90
     
11-Oct-11
12-Oct-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,137.90
1,042.12
-95.71

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.65
11.70
11.70
11.77
Offer
12.15
11.95
11.95
12.27

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
11.80
11.75
Low  
11.90
11.75
11.70
11.60
11.60
11.55

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
88.00
120.68
1.16
137.86
23.95
1.77
0.59

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.90
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
12.07
12.00
10 Y-PIB
12.16
12.12
12.10
12.12

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.02
2.19
2.20
2.64
4.45
8.74
12.12
Change bps
3.00
10.00
7.00
5.00
14.00
3.20
7.00

Commodities

     
12-OCT-11
13-OCT-11
change
WTI (USD/bbl)    
85.32
84.85
0.05%
     
Brent (USD/bbl)    
110.68
111.17
0.44%
     
Arab Light (USD/bbl)    
106.43
106.48
0.05%

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
48,788.89
48,465.00
0.67%
Rice IRRI -6(Rs/100kg)
3,406.00
3,387.00
0.56%
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
1,679.50
1,669.40
0.61%
Sugar 11 (USD/lb)
26.01
25.94
0.27%
Steel (USD/ton)
719.09
723.89
-0.66%
Wheat (CBT) (USD/bu)
626.75
660.75
-5.15%
PTA (USD/ton)
1,185.00
1,215.00
-2.47%
Copper (USD/ton)
7,507.75
7,217.25
3.25%

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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.