BasedLine

Date: 17-October-2011
KSE-100 Index
Previous Index 11,966.29
Current Index 11,988.09
Change % 0.18%
YTD (CY11) -0.29%
YTD (FY12) -4.06%
KSE-100 Index
Previous Index 22,381.18
Current Index 22,421.46
Change % 0.18%
YTD (CY11) 19.23%
YTD (FY12) 7.09%
International Indicators
 
Close
%age
BSE-30 17,082.70 1.88
HANGSENG 18,501.80 -1.36
NIKKEI 225 8,747.96. -0.85
FTSE 5,466.36 1.17
DJIA 11,644.50 1.45
SSEC 2,435.66 1.72
NASDAQ 2,667.50 1.45
 
Close
%age
TASI 6,135.12 -0.48
KSE(Kuwait) 5,898.60 0.53
BSE 1,150.87 0.08
MSM 5,538.31 0.41
ADX 2,471.41 -0.26
DFM 1,374.61 -0.72
QSE 8,437.61 0.49
Capital Market Overview

Weekly review: Discount rate cut sparks rally at bourse

Investors flocked towards the stock market, after the State Bank of Pakistan announced a higher than expected discount rate cut of 150 basis points to 12 per cent. As a result, the benchmark KSE-100 index jumped up by 1.1 per cent or 134 points during the week ended October 14. more... (ET)

NAVs and Returns
as of October 14, 2011
Funds Offer Redemption
POGSF
10.3025/-
10.3025/-
YTD Return
14.76%
POAIIF
53.0148/-
52.4878/-
YTD Return
15.80%
POAAAF
50.58/-
49.32/-
YTD Return
-2.38%
POIAAF
55.86/-
54.46/-
YTD Return
4.23%
POAF
10.60/-
YTD Return
11.75%
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
33.86
2,912
84.30
4.55
-0.29%
KSE30
6.93
596
63.37
4.16
-0.73%
KMI30
5.19
446
44.41
3.01
19.23%
KSE All
36.58
3,146
92.16
4.62
-0.65%
October 14 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
167.89
112.97
-15.76%
OGDC
15.50
139.78
134.70
-8.63%
UBL
2.00
56.63
43.45
-8.54%
LUCK
1.70
82.31
36.93
16.19%
October 14 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
37.57
-33.58
4.00
Foreign Corporates
2,766.22
-1,754.26
1,011.96
Overseas Pakistani
517.26
-287.58
229.67
Grand Total
3,321.05
-2,075.42
1,245.63
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
14-Oct-11
17-Oct-11
Change
Gross Buy
575.40
-38.01%
25.03
24.21%
0.42
3.32
-30.24%
Gross Sell
-596.57
12.07%
-30.55
86.16%
-1.28
-2.08
-60.79%
Net Buy/(Sell)
-21.49
-105.22%
-5.58
-245.72%
-0.86
1.25
-333.96%
S.C.R.A
Country
During the Period FY12TD
13-10-2011
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
4.23
-
-
6.52
-
-
-2.49
-
2.61
-2.61
Luxembourg
9.84
-
-
29.99
-
-
-20.15
0.28
0.22
0.06
Switzerland
10.83
0.21
-
15.78
-
-
-4.75
-
-
-
UAE
1.73
0.52
-
3.00
4.18
-
-5.46
-
0.61
-0.61
UK
18.34
0.16
-
51.15
0.29
-
-32.97
0.22
0.01
0.22
USA
63.57
-
-
105.18
-
0.85
-42.46
1.75
1.07
0.67
Total
121.76
0.89
-
222.93
4.47
0.85
-106.17
2.24
4.63
2.39
News Clippings
Economy


Fiscal woes: 53% of foreign receipts may get blocked

Pakistan’s fiscal woes are likely to deepen further as 53% of the estimated foreign receipts may get blocked, threatening to deplete foreign currency reserves, besides shifting three-fourth of the budget financing to the domestic market. more... (ET)

Oil consumption lowest in Sept since Feb-10

Consumption of petroleum products in the country (ex. non-energy products) went down by 20.2 per cent month on month basis (MoM) during September 2011, says a report issued by a local brokerage house.According to InvestCap Research, – widely known for its prolific research analysis – on an aggregate basis, consumption during first quarter of current fiscal year (1QFY12) grew by 6.7 per cent year on year basis (YoY) with total petroleum product volumes (ex non-energy) being at 4.98 million tonne. more... (TFD)

Crisis: Gas deficit likely to widen 59% in three years

Average gas shortage in the country is expected to worsen over the next three years and rise 59 per cent to 2,385 million cubic feet per day (mmcfd) from the deficit of 1,496 mmcfd in the current fiscal year 2011-12, underscoring the need for gas import through the Iran-Pakistan pipeline which will ease the shortage. more... (ET)

Another Rs3.04/unit electric shock

The nation will face another “electric shock” as the National Electric Power Regulatory Authority (NEPRA) has increased power tariff by Rs3.04 per unit.According to Nepra, power tariff has been increased under monthly fuel adjustment. The increase in power tariff has been approved for the month of August which is highest in the history of the country. more... (TFD)

Company & Sector Update

Yarn market faces crunch as local and international orders decline

Business activities in the largest yarn market of the nation, Sotar Mandi in Faisalabad, have come to a standstill due to a 60-70% reduction in both national and foreign orders and high prices of cotton yarn in the local markets. more... (ET)

Australia provides $1.5m for agriculture sector

Australia has provided $1.5 million foran Agriculture Sector Linkages Programme (ASLP) in Pakistan by theUniversity of Veterinary and Animal Sciences (UVAS), saidUVAS Project Director Hassan Mehmood Warriach. more... (BR)

Tanzania import cement from Pakistan to overcome acute shortage

Tanzania has decided to import cement from Pakistan as it faces acute shortage following mechanical breakdown at one of Portland Cement Company plants, Guardian newspaper reported on Saturday. more... (BR)

Privatising power companies: Nishat and Crescent interested in buying FESCO

Even though it has not formally been put up for sale yet, two of Pakistan’s largest financial-industrial conglomerates have shown interest in buying out the state-owned Faisalabad Electric Supply Company, one of the most efficient power distribution firms in the country, according to officials at Fesco. more... (ET)

Political

Fasih Bokhari takes over as NAB chief

Former chief of Pakistan Navy, Admiral (retd) Fasih Bokhari, was formally notified as chairman of National Accountability Bureau (NAB) on Sunday despite objections raised by the opposition PML-N that the legal process required by the Constitution had not been followed in his nomination for the post. more... (D)

Hina upbeat on boost in mutual trade

Pakistan has formally decided to grant Most Favoured Nation (MFN) status to India, said Foreign Minister Hina Rabbani Khar on Friday.While talking to host of Journalists outside Parliament House, Hina said Pakistan has decided in principal to grant India MFN status so that trade impediments between the two countries could be removed.She said that by granting India MFN status trade activities between both the countries would flourish. more... (TFD)

MQM to join army to foil external conspiracies: Altaf

Muttahida Qaumi Movement (MQM) chief Altaf Hussain, on Sunday, said that Pakistan was beset with external threats but MQM would protect the country from every harm by joining the armed forces and foiling these conspiracies. more... (DT)

Pak-US ties improving but challenges remain: Haqqani

Pakistan's Ambassador in Washington Hussain Haqqani said that the democratic government in Pakistan was pursuing the country's national interests while conducting the country's international relations, while indicating an improvement in Pakistan-US ties after weeks of heated rhetoric appeared to give way to the normal course of diplomacy. more... (DT)

GCC

'Offloading policy' to be discussed Monday

Calls for a review of the Philippine Bureau of Immigration's "offloading policy" have gained ground as the Inter-Agency Council Against Trafficking (IACAT) is set to discuss the matter today. more... (GN)

Abu Dhabi to construct 1,500MW power plant

The Abu Dhabi Water and Electricity Authority (Adwea) will announce plans later this year to build a 1,500-megawatt power plant, the agency's director general said yesterday. more.. .(GN)

CBD profit hits Dh777m amid higher fee income

Dubai Commercial Bank of Dubai’s (CBD) net profit after allowances for non-performing loans amounted to Dh777 million for the first nine months of 2011 compared to Dh771 million a year earlier. more... (Zawya)

Abu Dhabi becomes more competitive

Jones Lang LaSalle, the world's leading real estate investment and advisory firm, today released its latest 'Abu Dhabi Real Estate Market Overview - Q3 2011' covering the office, residential, retail and hospitality sectors. more... (Zawya)

Quote of the Day:

“ Strong, deeply rooted desire is the starting point of all achievement.”

Napoleon Hill

 
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) 10.46%
   
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
13-Oct-11
14-Oct-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
79.856
-0.11%
13.23%
13.26%
3.50
     
13-Oct-11
14-Oct-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,106.90
1,071.92
-34.98

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.62
11.70
11.70
11.76
Offer
12.12
11.95
11.95
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
11.90
11.90
11.85
11.85
Low  
11.60
11.80
11.80
11.80
11.75
11.70

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
87.50
121.00
1.13
139.50
24.00
1.78
0.59

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.90
11.88
11.90
Last Cut Off.
12.75
12.78
12.84
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.17
12.12
12.16
12.12
10 Y-PIB
12.23
12.16
12.20
12.16

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.03
2.20
2.26
2.61
4.56
8.78
12.16
Change bps
2.00
9.00
8.00
5.00
13.00
5.40
1.00

Commodities

     
13-OCT-11
14-OCT-11
change
WTI (USD/bbl)    
84.20
87.03
3.36%
     
Brent (USD/bbl)    
111.11
112.12
0.91%
     
Arab Light (USD/bbl)    
105.68
110.28
4.35%

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)
413.57
412.88
0.17%
Urea Fertilizer (Rs/bag)
1,730.00
1,695.00
2.06%
Gold 24cr (Rs./10gm) Khi
49,244.88
48,588.33
0.93%
Rice IRRI -6(Rs/100kg)
3,303.00
3,354.00
-1.52%
KCA Cotton (Rs/mound)
6,250.00
6,350.00
-1.57%
International
Current
Previous
Change
Coal Spot(USD/ton)
120.55
122.25
-1.39%
Gold Futures
1,682.00
1,665.80
1.00%
Sugar 11 (USD/lb)
27.93
26.91
3.46%
Steel (USD/ton)
711.94
715.61
-0.51%
Wheat (CBT) (USD/bu)
622.75
618.00
0.77%
PTA (USD/ton)
1,185.00
1,215.00
-2.47%
Copper (USD/ton)
7,532.50
7,293.25
3.28%

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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.