BasedLine

Date: 18-October-2011
KSE-100 Index
Previous Index 11,988.09
Current Index 11,975.55
Change % -0.10%
YTD (CY11) -0.39%
YTD (FY12) -4.17%
KSE-100 Index
Previous Index 22,421.46
Current Index 22,464.37
Change % 0.19%
YTD (CY11) 19.46%
YTD (FY12) 7.30%
International Indicators
 
Close
%age
BSE-30 17,025.10 -0.34
HANGSENG 18,874.00 2.01
NIKKEI 225 8,879.60. 1.50
FTSE 5,436.70 -0.54
DJIA 11,397.00 -2.13
SSEC 2,397.65 -1.75
NASDAQ 2,614.92 -1.98
 
Close
%age
TASI 6,131.80 -0.05
KSE(Kuwait) 5,898.40 0.00
BSE 1,148.27 -0.23
MSM 5,560.89 0.41
ADX 2,453.97 -0.71
DFM 1,366.22 -0.61
QSE 8,470.36 0.39
Capital Market Overview

Market watch: Bourse ends flat on mixed triggers

The stock market ended range-bound on the first trading session of the week as investors seemed to be cautious on the back of mixed triggers.The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.1 per cent or 12.54 points to end at 11,975.55 points on Monday. more... (ET)

NAVs and Returns
as of October 17, 2011
Funds Offer Redemption
POGSF
10.3108/-
10.3108/-
YTD Return
17.26%
POAIIF
53.0563/-
52.5257/-
YTD Return
15.63%
POAAAF
50.59/-
49.33/-
YTD Return
-2.36%
POIAAF
55.81/-
54.41/-
YTD Return
4.13%
POAF
10.60/-
YTD Return
11.42%
Funds Rating
AMC
AM3
POAIIF
A+ (f)
POAF
AA-
POAAAF
5 Star
POIAAF
3 Star
  Aug -11 Sep-11
MoM (%)
AUM's (PKR bn) 225.15 223.19 -5.55%
No of AMCs 26 26 -
No of Funds 122 125 2.46
KSE Market Data
KSE Market Data
Capitalization
Volume
Traded Val.
KSE Return
 
(USD bn)
(Rs. bn)
(Sh. mn)
(Rs.bn)
(YTD)
KSE100
33.79
2,906
67.18
4.33
-0.39%
KSE30
6.91
594
48.32
4.01
-1.07%
KMI30
5.16
444
35.12
3.11
19.46%
KSE All
36.50
3,139
79.47
4.43
-0.74%
October 17 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
168.05
112.52
-15.68%
OGDC
15.50
139.71
134.15
-8.68%
UBL
2.00
57.15
43.28
-7.69%
LUCK
1.70
83.58
36.78
17.98%
October 17 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
86.88
-108.08
-21.21
Foreign Corporates
800.61
-630.43
170.17
Overseas Pakistani
653.71
-498.02
155.69
Grand Total
1,541.20
-1,236.54
304.66
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
576.91
-38.18%
26.54
24.14%
3.32
1.54
-53.59%
Gross Sell
-597.78
11.93%
-31.76
53.89%
-2.08
-1.24
-40.42%
Net Buy/(Sell)
-21.19
-105.11%
-5.28
-797.68%
1.25
0.30
-75.54%
S.C.R.A
Country
During the Period FY12TD
17-10-2011
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
-
-
6.71
-
-
-2.48
-
0.19
-0.19
Luxembourg
9.84
-
-
30.10
-
-
-20.26
-
0.11
-0.11
Switzerland
10.83
0.21
-
15.78
-
-
-4.75
-
-
-
UAE
1.73
0.52
-
3.00
4.18
-
-5.46
-
-
-
UK
18.34
0.16
-
51.15
0.29
-
-32.97
-
-
-
USA
64.09
-
-
105.52
-
0.85
-42.28
0.51
0.33
0.18
Total
122.28
0.89
-
223.57
4.47
0.85
-106.29
0.51
0.64
-0.12
News Clippings
Economy

First quarter: Foreign investment plummets 49%

Direct and portfolio foreign investment in Pakistan fell 48.7% in the first three months of the 2011-12 fiscal year to $236.2 million, the central bank said on Monday. more... (ET)

EU offers 6.5 million euros more for Pakistan flood aid

The European Commission released on Monday an extra 6.5 million euros ($9.0 million) in emergency aid for flood victims in Pakistan, amid a UN warning that three million people urgently need food. more... (ET)

Loadshedding back as power sector faces cash crunch again

With Rs11 billion released by the federal government exhausted, generation companies of Wapda and independent power producers (IPPs) have started feeling the heat of cash constraints, resulting in re-emergence of loadshedding despite a reduction in demand. more... (D)

Koreans keen to invest in wind energy projects in Sindh

A Korean firm has expressed its interest to invest dollars 100 million in wind energy projects in the province.A delegation of Koreans led by CEO of Hienergy Korea Canmore Co. Ltd., Kim Jin Hou met the provincial minister for Commerce and Industries Rauf Siddiqui on Monday and discussed the prospects of the projects. more... (BR)

Company & Sector Update

Corporate results: HBL beats market expectation

Habib Bank Limited (HBL) kicked off the result season in style on Monday by posting better than expected net profit for the first nine months of 2011. more... (ET)

Pakistan Railways: Crisis sets in deep as govt struggles to pay

With train operations coming to a halt across the country on Monday, a high level meeting was summoned to find a way out of the deepening crisis that has pushed Pakistan Railways (PR) to the brink. more... (ET)

POL profits likely to up 33pc

Pakistan Oilfields Limited (POL) is scheduled to announce its results today (Tuesday) for three months period ended September 30, 2011.The after-tax earnings of Pakistan Oilfields Limited (POL) – country’s leading oil and gas exploration and production company – is likely to up by 33.4 per cent to stand at Rs2.98 billion for the first quarter (July September) of fiscal year 2011-2012 (1QFY12), translating into an EPS (earning per share) of Rs12.59, an analysis conducted by The Financial Daily (TFD) Research reveals. more... (TFD)

Textile sector:Energy shortfall affects 35% manufacturing, NA told

The National Assembly on Monday was informed that the ongoing two days per week gas load shedding in Punjab has badly affected potential textile production and its impact of loss is between 30-35 percent of textile manufacturing. more... (DT)

Political

Gilani welcomes Altaf's statement about Senate elections

Prime Minister Syed Yusuf Raza Gilani on Monday appreciated the statement of MQM Chief Altaf Hussain in which he expressed the resolve to scuttle the Senate elections conspiracy unleashed by political opponents to destabilise the system. more... (D)

Deadline passes, govt fails to appoint SBP governor

The deadline for appointing a governor of the State Bank of Pakistan expired on Monday amidst rumours that the three leading contenders for the position might be passed over in favour of a dark horse candidate. more... (ET)

PML-N to take NAB issue to apex court

Hours after former naval chief Admiral (retd) Fasih Bokhari assumed charge of National Accountability Bureau chairman on Monday, the Pakistan Muslim League-Nawaz announced that it would challenge the appointment in the Supreme Court. more... (D)

Zardari calls for release of funds to railway

President Asif Ali Zardari presided over a high-level meeting here on Monday to discuss the decay of the railways and urged the government to refer the issue to the Council of Common Interests (CCI) so that the federal and provincial governments could take remedial measures. more... (DT)

GCC

Middle East private equity players upbeat on prospects

Representatives of the global private equity industry, who are gathered in Dubai for the SuperReturn Middle East conference, yesterday said that despite a sharp slowdown in global deal flows, the Middle East region offers good opportunities for the industry. more... (Zawya)

Mena faces obstacles in funding oil projects

Hydrocarbon producers in the Middle East and North Africa (Mena) are facing obstacles in funding development of their energy sector as many of them are pushing ahead with expansion plans to meet growing domestic and foreign demand, according to an official Arab study. more.. .(Zawya)

Oil tumbles on slower China growth

Oil prices tumbled in Asian trade Tuesday after China said its economy grew at a slower pace in the third quarter, analysts said.Beijing said gross domestic product in the world's second-largest economy grew 9.1 percent year-on-year in the three months to September, compared with a 9.5 percent expansion in the previous quarter. more... (Zawya)

UAE Central Bank introduces IBAN system

The Central Bank of the UAE on Monday announced the introduction of the International Bank Account Number (IBAN) as a standard for identifying all bank accounts in the UAE, starting on November 19, 2011. more... (GN)

Quote of the Day:

“ You will either step forward into growth or you will step back into safety. ”

Abraham Maslow

 
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-Sep 11)
$236.2mn
All Sch. Banks Deposit Base (Sep 23, 2011)
Rs757.26bn
Inflation
CPI Gen. - YoY (Sep-11) 10.5%
   
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
14-Oct-11
17-Oct-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
79.684
-0.22%
13.26%
13.33%
6.40
     
14-Oct-11
17-Oct-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,071.92
1,081.84
9.92

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.63
11.71
11.72
11.77
Offer
12.13
11.96
11.97
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
11.90
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
87.30
121.30
1.13
138.50
23.75
1.78
0.60

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
12.17
12.12
10 Y-PIB
12.23
12.16
12.23
12.16

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.03
2.10
2.17
2.53
4.49
8.75
12.16
Change bps
0.00
-10.00
-9.00
-8.00
-7.00
-2.60
1.00

Commodities

     
17-OCT-11
18-OCT-11
change
WTI (USD/bbl)    
87.03
86.25
-0.90%
     
Brent (USD/bbl)    
112.12
110.04
-1.86%
     
Arab Light (USD/bbl)    
110.28
106.05
-3.84%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
94.15
92.64
1.63%
Furnace Oil (Rs/ton)
69,111.64
70,574.72
-2.07%
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
49,087.17
49,244.88
-0.32%
Rice IRRI -6(Rs/100kg)
3,350.00
3,303.00
1.42%
KCA Cotton (Rs/mound)
6,300.00
6,250.00
0.80%
International
Current
Previous
Change
Coal Spot(USD/ton)
120.15
120.55
-0.33%
Gold Futures
1,674.90
1,682.00
-0.42%
Sugar 11 (USD/lb)
27.79
27.93
-0.50%
Steel (USD/ton)
705.44
711.94
-0.91%
Wheat (CBT) (USD/bu)
624.25
622.75
0.24%
PTA (USD/ton)
1,230.00
1,185.00
3.80%
Copper (USD/ton)
7,481.00
7,532.50
-0.68%

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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.