BasedLine

Date: 19-October-2011
KSE-100 Index
Previous Index 11,975.55
Current Index 11,912.19
Change % -0.53%
YTD (CY11) -0.92%
YTD (FY12) -4.67%
KSE-100 Index
Previous Index 22,464.37
Current Index 22,476.17
Change % 0.05%
YTD (CY11) 19.52%
YTD (FY12) 7.36%
International Indicators
 
Close
%age
BSE-30 16,748.30 -1.63
HANGSENG 18,076.50 -4.23
NIKKEI 225 8,471.91 -1.55
FTSE 5,410.35 -0.48
DJIA 11,577.00 1.58
SSEC 2,385.03 0.06
NASDAQ 2,657.43 1.63
 
Close
%age
TASI 6,150.64 0.31
KSE(Kuwait) 5,897.30 -0.02
BSE 1,147.77 -0.04
MSM 5,539.66 -0.38
ADX 2,446.78 -0.29
DFM 1,357.71 -0.62
QSE 8,400.04 -0.83
Capital Market Overview

Market Watch: Bourse falls as investors opt to sell

The stock market fell on Tuesday as investors opted to book profits in key oil and banking stocks.The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.53 per cent or 63.36 points to end at 11,912.19 points. more... (ET)

NAVs and Returns
as of October 18, 2011
Funds Offer Redemption
POGSF
10.3136/-
10.3136/-
YTD Return
14.54%
POAIIF
53.0702/-
52.5395/-
YTD Return
15.58%
POAAAF
50.40/-
49.14/-
YTD Return
-2.73%
POIAAF
55.90/-
54.50/-
YTD Return
4.31%
POAF
10.60/-
YTD Return
11.39%
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
33.60
2,890
70.46
4.12
-0.92%
KSE30
6.88
592
48.33
3.65
-1.41%
KMI30
5.16
444
37.94
3.03
19.52%
KSE All
36.31
3,122
81.15
4.19
-1.24%
October 17 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
166.09
112.61
-16.66%
OGDC
15.50
139.27
134.26
-8.97%
UBL
2.00
57.67
43.31
-6.85%
LUCK
1.70
83.00
36.81
17.17%
October 17 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
104.00
-86.21
17.79
Foreign Corporates
1,951.41
-63,015.10
-61,063.69
Overseas Pakistani
279.03
-293.20
-14.17
Grand Total
2,334.44
-63,394.51
-61,060.07
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
17-Oct-11
18-Oct-11
Change
Gross Buy
579.19
-38.07%
28.82
34.82%
1.54
2.33
-51.47%
Gross Sell
-659.74
23.34%
-93.71
354.08%
-1.24
-63.39
5026.76%
Net Buy/(Sell)
-81.54
-119.62%
-65.64
-8,772.62%
0.30
-61.06
-2,0142.23%
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
-
-
7.55
-
-
-3.32
-
0.84
-0.84
Luxembourg
9.84
-
-
30.32
-
-
-20.48
-
0.22
-0.22
Switzerland
10.84
0.21
-
15.78
-
-
-4.74
-0.01
-
0.01
UAE
1.73
0.52
-
3.00
4.18
-
-5.46
-
-
-
UK
18.34
0.16
-
51.33
0.29
-
-33.15
-
0.18
-0.18
USA
64.10
-
-
105.96
-
0.85
-42.71
0.01
0.44
-0.43
Total
122.29
0.89
-
225.27
4.47
0.85
-107.97
0.02
1.70
-1.68
News Clippings
Economy

Pakistan September current account deficit at $908mn

Pakistan 's current account deficit stood at a provisional $908 million in September, compared with a deficit of $201 million in the previous month, State Bank of Pakistan (SBP) said on Tuesday. more... (BR)

New petroleum policy: Govt includes US input to safeguard its interests

The government has finalised the new petroleum policy draft with US input to safeguard interest of American investors. more... (ET)

Gas utilities pursue another price hike

After getting a bargain deal from the Oil and Gas Regulatory Authority (Ogra) for the first time, gas utilities have filed another petition for an increase of up to Rs54 per million British thermal unit (mmbtu) in tariff from January 2012 to cover revenue shortfall. more... (ET)

Power tariff hike flayed by manufacturing industry

The manufacturing community has strongly criticised the decision of 12 percent hike in electricity charges as arbitrary and un-friendly towards businesses. more... (DT)

Company & Sector Update

Islamic financing product for growers

The State Bank of Pakistan (SBP) has developed a model product based on ”Salam” to meet the production finance (working capital) needs of country’s farming community.The model product developed, in consultation with all the stakeholders will facilitate Islamic Banking Institutions (IBIs) in improving the access of agricultural Islamic financing to the farming community. more... (TFD)

PTCL announces 7% revenue growth for first quarter

Pakistan Telecommunications Company Limited (PTCL) has announced a net profit of Rs 1.4 billion during the first quarter of its business in the current financial year, showing a growth of seven percent over last year. more... (DT)

E-banking transactions worth over Rs 5.8 trillion recorded

The Deputy Governor, State Bank of Pakistan (SBP), Muhammad Kamran Shehzad said that Information Technology has facilitated around 59 million e-banking transactions with an amount in excess of Rs5.8 trillion (US $67 billion) till end of September this year in the country. more... (BR)

Increasing input costs

Cement manufacturing sector is facing the dilemma of sharp increase in input cost as almost all of its major inputs like furnace oil, coal and electricity etc have become expensive during last 3 months, dumping most of the pressure on the manufacturers. more... (DT)

Political

State Bank of Pakistan: Acting governor poised to take over as chief

In the race to the top at the central bank, the insider appears to have won.The federal government has decided to appoint a dual nationality holder, Yaseen Anwar, as State Bank governor, informed sources told The Express Tribune. more... (ET)

Railway workers quit strike after salaries announcement

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 start ‘Go Zardari Go' drive from Wednesday

Pakistan Muslim League- Nawaz (PML-N) has announced to start ‘Go Zardari Go' campaign from Wednesday to oust the present PPP-regime. more... (D)

PM lays Foundation Stone of Bhasha Dam

Prime Minister Syed Yousuf Raza Gilani Tuesday laid foundation stone of the US 12 billion dollar Diamir Bhasha dam that would generate 4500 MW electricity and store over 8 Million Acre Feet of water to meet country's growing power and irrigation needs. more... (BR)

GCC

UAE GDP to grow by 4.2 per cent

The UAE’s GDP is expected to grow by 4.2 per cent in 2011, compared to 1.4 per cent in 2010 and – 1.6 per cent in 2009 due to robust oil prices, according to the National Bureau of Statistics. more... (GN)

Rising operating costs cut into etisalat profit as revenues rise

Profits fell for etisalat in the third quarter by one per cent as higher revenues were offset by increased operating costs, performance figures reveal. more.. .(GN)

SME lending grew 30% this year at Emirates NBD

Emirates NBD said its lending to small- and medium-sized companies has grown 30 per cent this year and it plans to double that business over the next three years. more... (GN)

UAE banks' harassment of defaulters "out of control"

Customers who have defaulted on loan payments, irrespective of the amount and the period of delay, are complaining of constant harrassment by UAE banks. more... (Zawya)

Quote of the Day:

“ We would accomplish many more things if we did not think of them as impossible.”

Vince Lombardi

 
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- Sep 11)
$-1,209mn
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) 10.46%
   
CPI Gen. - FY11 (Jul 11- Sep 11) 11.50%
   
NFNE Core INFL - YoY (Sep 11) 10.60%
   
NFNE Core INFL -FY11 (Jul 11 - Sep 11) 8.6%

Money Market

 
Price
Change
17-Oct-11
18-Oct-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
80.05
0.47%
13.33%
13.20%
-12.8
     
17-Oct-11
18-Oct-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,081.84
1,063.61
-18.23

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.64
11.72
11.72
11.77
Offer
12.14
11.97
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
87.40
121.00
1.13
138.50
23.85
1.78
0.60

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.92
11.90
11.93
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
1.02
2.01
2.16
2.43
4.47
8.75
12.16
Change bps
-1.00
-9.00
-1.00
-10.00
-2.00
-0.60
0.00

Commodities

     
18-OCT-11
19-OCT-11
change
WTI (USD/bbl)    
86.25
88.07
2.11%
     
Brent (USD/bbl)    
110.04
110.89
0.77%
     
Arab Light (USD/bbl)    
106.05
109.03
2.81%

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
48,770.04
49,087.17
-0.65%
Rice IRRI -6(Rs/100kg)
3,407.00
3,350..00
1.70%
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
1,663.00
1,674.90
-0.71%
Sugar 11 (USD/lb)
27.85
27.79
0.22%
Steel (USD/ton)
696.81
705.44
-1.22%
Wheat (CBT) (USD/bu)
625.25
624.25
0.16%
PTA (USD/ton)
1,230.00
1,185.00
3.80%
Copper (USD/ton)
7,436.00
7,481.50
-0.60%

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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.