BasedLine

Date: 14-October-2011
KSE-100 Index
Previous Index 12,059.07
Current Index 11,996.29
Change % -0.77%
YTD (CY11) -0.47%
YTD (FY12) -4.24%
KSE-100 Index
Previous Index 22,481.18
Current Index 22,381.18
Change % -0.44%
YTD (CY11) 19.55%
YTD (FY12) 6.91%
International Indicators
 
Close
%age
BSE-30 16,883.90 0.44
HANGSENG 18,757.80 2.34
NIKKEI 225 8,823.25. 0.97
FTSE 5,403.38 0.71
DJIA 11,478.10 0.35
SSEC 2,412.03 -1.10
NASDAQ 2,620.10 0.60
 
Close
%age
TASI Closed N/A
KSE(Kuwait) 5,867.50 0.34
BSE 1,149.93 0.21
MSM 5,515.76 -0.06
ADX 2,477.80 -0.36
DFM 1,384.58 0.06
QSE 8,396.53 -0.26
Capital Market Overview

Market watch: Bourse drops as investors sell oil stocks

The stock market witnessed a selling spree at inflated levels on Thursday led by the oil sector after the government decided to ban petroleum product export to Afghanistan. more... (ET)

NAVs and Returns
as of October 12, 2011
Funds Offer Redemption
POGSF
10.3002/-
10.3002/-
YTD Return
16.69%
POAIIF
53.0015/-
52.4715/-
YTD Return
15.86%
POAAAF
50.34/-
49.08/-
YTD Return
-2.85%
POIAAF
55.73/-
55.34/-
YTD Return
4.00%
POAF
10.59/-
YTD Return
11.66%
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
33.84
2,911
80.22
3.95
-0.47%
KSE30
6.93
596
54.71
3.53
-0.70%
KMI30
5.18
445
39.18
2.35
19.02%
KSE All
36.57
3,145
91.68
4.06
-0.80%
October 13 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
166.77
112.97
-16.32%
OGDC
15.50
138.87
134.70
-9.23%
UBL
2.00
56.93
43.45
-8.04%
LUCK
1.70
79.94
36.93
12.85%
October 13 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
41.81
-24.58
17.23
Foreign Corporates
35.95
-904.15
-868.20
Overseas Pakistani
338.79
-349.64
-10.85
Grand Total
416.55
-1278.37
-861.82
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
13-Oct-11
14-Oct-11
Change
Gross Buy
572.16
-38.11%
21.79
50.24%
1.63
0.42
-91.25%
Gross Sell
-594.55
12.01%
-28.52
102.29%
-2.16
-1.28
-78.85%
Net Buy/(Sell)
-22.72
-105.56%
-6.81
-1756.77%
-0.53
-0.86
61.87%
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


Forex: Reserves fall to $17.17 billion

Pakistan’s foreign exchange reserves fell to $17.17 billion in the week ending October 8 from $17.35 billion the previous week, the central bank said on Thursday.“The fall in reserves is due to scheduled debt repayments,” said Syed Wasimuddin, chief spokesman for the central bank. more... (ET)

IMF lowers Asia growth forecast

The IMF lowered its forecasts for Asian growth and warned in a report Thursday that the region faces downside risks due to worries over the euro zone debt crisis and a slowdown in the United States. In its twice-yearly Asia and Pacific Regional Economic Outlook, the International Monetary Fund warned that risks for the region are “decidedly tilted to the downside.” more... (TFD)

ECC allows import of 0.1m tonnes sugar

The Economic Coordination Committee (ECC) of the Cabinet on Thursday allowed the import of 0.1 million tonnes sugar instead of the proposed quantity of 0.7 million tonnes by the Utility Stores Corporation. more... (DT)

MGCL makes major oil discovery in Karak Block

Mari Gas Company Limited (MGCL) has made a significant Crude Oil discovery with the additional potential of Associated Gas, during the drilling of Halini Well (near the village Kamar Sar, Tehsil Essa Kheil, District Mianwali) in its operated Karak Exploration Block. more... (DT)

Company & Sector Update

No more handouts: Govt withdraws subsidy on agriculture loans

The government on Thursday withdrew subsidy on agriculture loans and asked Zarai Taraqiati Bank Limited (ZTBL) to increase mark-up by six per cent in three years that would result in an immediate increase of one per cent. more... (ET)

Pakistan among fastest developing markets for branchless banking: Report

With State Bank of Pakistan demoing a constructive regulatory approach for branchless banking, a number of players are now evolving to offer branchless banking in Pakistan as a viable business model, said a report published by CGAP. more... (ET)

Thar coal, energy projects in motion

The work on Thar Coal and Energy Project is in full swing as out of four, the study on two blocks of the project has been completed and the study on remaining two is being carried out with rapid pace. more... (BR)

OGDC seen growing robusly

Oil & Gas Development Corporation (OGDC) has completed the Kunnar-Passaki Deep (KPD) project well before time despite impediments of flood which has made the analysts to believe in it double digit volume growth in current fiscal year. A leading brokerage house has forecasted robust growth in volumes of the company in fiscal year 2011-12. more... (TFD)

Political

MQM, PML-N turn NA into spectacle

The National Assembly turned into a virtual battleground on Thursday when members from the Pakistan Muslim League-N and Muttahida Qaumi Movement lunged at each other after exchanging harsh words and abuses. more... (D)

PML-N rejects Bokhari's nomination as NAB chief

The Pakistan Muslim League-N has rejected the nomination of former naval chief Admiral (retd) Fasih Bokhari as chairman of the National Accountability Bureau, but without raising any objection to his person, sources in the party told Dawn. more... (D)

'Shared issues': Pakistan-US relations get a big boost

Pakistan and US on Thursday agreed to work together on 'shared issues'. The two countries also agreed to continue strategic dialogue process to sort out all issues and better understand each other's perspectives. This understanding was reached during a meeting between Foreign Minister Hina Rabbani Khar and US Special Representative for Pakistan and Afghanistan Marc Grossman here at the Foreign Office . more... (BR)

Hostile takeover: PM blocks oil ministry's move to take control of Ogra

Prime Minister Yousaf Raza Gilani has rejected a summary, recommending bringing the Oil and Gas Regulatory Authority (Ogra) under complete control of the Ministry of Petroleum and Natural Resources. more... (ET)

GCC

Iraq signs final deal with KOGAS for gas field

Iraq on Thursday signed a contract with South Korea's KOGAS to develop a gas field in western Anbar province, finally inking a deal that had been repeatedly delayed since it was awarded nearly a year ago. The contract for the Akkaz field was signed by Deputy Oil Minister Ahmed al-Shamma and KOGAS CEO Choo Kangsoo at the oil ministry in Baghdad. more... (D)

MENA trade to grow 85% by 2025: HSBC

Middle East and North Africa (MENA) trade volumes will grow by 84.7 per cent by 2025, greater than the world trade average of 73 per cent says HSBC in a new quarterly global forecast, HSBC Trade Connections. As part of its commitment to businesses, HSBC has committed to facilitate US$750bn of world trade by 2013. more.. .(Zawya)

Dubai can manage $14b debt

Dubai's government-related entities (GREs) can pay down or refinance nearly $14 billon (Dh51.4 billion) in debt maturing next year with relative ease, a report by investment bank JP Morgan said yesterday. more... (GN)

Saudi oil Saudi energy demand to double by 2028

Saudi Aramco has forecast that the kingdom's daily energy demand will reach an equivalent of 8.3 million barrels by 2028, more than double the 3.4 million barrels equivalent in 2009. 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 13, 2011)
$17.17 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
12-Oct-11
13-Oct-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
79.946
-0.03%
13.22%
13.23%
1.00
     
12-Oct-11
13-Oct-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,042.12
1,106.90
64.71

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.68
11.71
11.71
11.76
Offer
12.18
11.96
11.96
12.26

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
88.10
122.30
1.16
139.30
24.95
1.78
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
12.16
12.12
12.07
12.12
10 Y-PIB
12.20
12.15
12.16
12.15

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.01
2.11
2.18
2.56
4.43
8.73
12.15
Change bps
-1.00
-8.00
-2.00
-8.00
-2.00
-1.10
3.00

Commodities

     
13-OCT-11
13-OCT-11
change
WTI (USD/bbl)    
84.85
84.20
-0.77%
     
Brent (USD/bbl)    
111.17
111.11
-0.05%
     
Arab Light (USD/bbl)    
106.48
105.68
-0.70%

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
48,588.33
48,788.89
-0.41%
Rice IRRI -6(Rs/100kg)
3,406.00
3,406.00
-1.53%
KCA Cotton (Rs/mound)
6,450.00
6,450.00
-1.55%
International
Current
Previous
Change
Coal Spot(USD/ton)
120.55
122.25
-1.39%
Gold Futures
1,665.80
1,679.50
-0.82%
Sugar 11 (USD/lb)
26.91
26.01
3.46%
Steel (USD/ton)
715.61
719.09
-0.48%
Wheat (CBT) (USD/bu)
626.75
626.75
-1.40%
PTA (USD/ton)
1,185.00
1,215.00
-2.47%
Copper (USD/ton)
7,293.25
7,507.75
-2.86%

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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.