BasedLine

Date: 21-October-2011
KSE-100 Index
Previous Index 11,640.46
Current Index 11,685.15
Change % 0.38%
YTD (CY11) -2.81%
YTD (FY12) -6.49%
KSE-100 Index
Previous Index 22,867.24
Current Index 22,884.80
Change % 0.08%
YTD (CY11) 16.38%
YTD (FY12) 4.53%
International Indicators
 
Close
%age
BSE-30 16,936.90 -0.87
HANGSENG 17,983.10 -1.78
NIKKEI 225 8,682.15 -1.03
FTSE 5,384.68 -1.21
DJIA 11,541.80 0.32
SSEC 2,317.96 -0.58
NASDAQ 2,598.62 -0.21
 
Close
%age
TASI Closed N/A
KSE(Kuwait) 5,895.80 0.20
BSE 1,144.29 -0.24
MSM 5,531.67 -0.01
ADX 2,444.07 -0.07
DFM 1,366.34 0.22
QSE 8,362.59 -0.16
Capital Market Overview

Market Watch: Banking stocks lead upward march

The stock market rose on Thursday with the banking sector leading the way.The Karachi Stock Exchange’s (KSE) benchmark 100-share index rose 0.38 per cent or 44.69 points to end at 11,685.15 point level. more... (ET)

NAVs and Returns
as of October 20, 2011
Funds Offer Redemption
POGSF
10.3176/-
10.3176/-
YTD Return
14.37%
POAIIF
53.0979/-
52.5669/-
YTD Return
15.48%
POAAAF
49.32/-
48.09/-
YTD Return
-4.81%
POIAAF
55.14/-
53.76/-
YTD Return
2.89%
POAF
10.61/-
YTD Return
11.40%
Funds Rating
AMC
AM3
POAIIF
A+ (f)
POAF
AA-
POAAAF
3 Star
POIAAF
5 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
32.96
2,834
66.19
3.87
-2.81%
KSE30
6.70
576
43.82
3.48
-3.99%
KMI30
5.02
432
28.67
2.43
16.38%
KSE All
35.64
3,065
75.41
3.93
-3.01%
October 20 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
161.70
112.75
-18.87%
OGDC
15.60
133.76
135.30
-12.57%
UBL
2.00
57.05
43.37
-7.85%
LUCK
1.70
82.30
36.86
16.18%
October 20 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
29.90
-33.34
-3.44
Foreign Corporates
951.74
-2,689.86
-1,738.11
Overseas Pakistani
228.42
-327.22
-98.81
Grand Total
1,210.06
-3050.42
-1,840.37
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
19-Oct-11
20-Oct-11
Change
Gross Buy
582.95
-37.78%
32.58
36.42%
2.64
1.21
-54.09%
Gross Sell
-671.37
25.15%
-105.34
355.53%
-8.85
-3.05
-65.54%
Net Buy/(Sell)
-89.51
-121.53%
-73.60
-9,580.91%
-6.22
-1.84
-70.39%
S.C.R.A
Country
During the Period FY12TD
18-10-2011
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
-
-
-
Luxembourg
10.37
-
-
30.33
-
-
-19.97
0.52
0.02
0.51
Switzerland
10.84
0.21
-
15.86
0.53
-
-5.35
0.00
0.08
-0.61
UAE
1.73
0.52
-
3.00
4.18
-
-5.46
-
-
-
UK
18.34
0.16
-
51.56
0.29
-
-33.38
-
0.23
-0.23
USA
66.08
-
-
106.13
-
0.85
-40.90
1.98
0.17
1.81
Total
124.80
0.89
-
226.06
5.00
0.85
-106.78
2.51
0.79
1.19
News Clippings
Economy

Floods ‘cut GDP growth rate by 0.5 per cent'

Pakistan's economy is considered to have suffered a 0.5 per cent loss to the estimated 4.2 per cent growth rate during the current financial year because of floods in Sindh, according to a senior official of the Ministry of Finance. more... (D)

Oil, food import bill soars 44pc

Country's oil and food import bill hiked by 44 per cent to $5.08 billion during the first quarter (July-September) of current fiscal year 2011-12 (1QFY12) as compared to $3.53 billion in the corresponding period of the previous year, the official data released by the Federal Bureau of Statistics. more... (TFD)

Forex reserves rise to $17.2bn

The foreign exchange reserves of the country increased by $30 million to $17.202 billion as on October 14 compared to reserves of the previous week, the central bank announced here on Thursday. more... (TFD)

Expo begins today Pakistan likely to secure $100m orders

Over 600 foreign dignitaries from 52 countries representing different sectors will participate in the Expo Pakistan beginning today (Thursday) at the Karachi Expo Centre. more... (D)

Company & Sector Update

Holding firm: ‘No bailout for PIA without restructuring’

First the railways and now the national airline: Finance Minister Abdul Hafeez Shaikh is so far sticking to his word not to bail out state-owned companies without forcing them into painful restructuring programmes. more... (ET)

Fertiliser sales up 38pcin Sept

The fertiliser off-take registered increase of 38.28 per cent during September 2011 over the same month of last year.“Sales of urea stood at 525,000 tonne during September 2011 against 324,000 tonne during September 2010,” official sources told APP here Thursday. more... (TFD)

Textile exports surge 10.3pc in 3 months

The exports of textile products showed an improvement of around 10.3 per cent to reach up to $3.19 billion during the first quarter of fiscal year 2011-12 (1QFY12) against $2.89 billion recorded in the corresponding period last year, the Federal Bureau of Statistics said on Thursday. The hike in textile export can be attributed to stagnant global demand and increased per unit price of Pakistani textile products, as per the TFD analyst. Despite increase in the amount realised, the quantity exported of almost all the textile products witnessed decline.more... (TFD)

Corporate results: SNGPL’s woes continue to pile up

First gas and now cash woes, Sui Northern Gas Pipelines Limited’s (SNGPL) bad run continued as net profit dropped 64% to Rs168 million during the first quarter of fiscal 2012. more... (ET)

Political

Clinton to appeal to Pakistan public on militancy

Secretary of State Hillary Clinton Friday plunges into new talks to press US demands for Islamabad to dismantle Taliban safe havens, while appealing to Pakistan’s deeply mistrustful public at large. more... (ET)

Nawaz Sharif backs creation of new provinces

The Pakistan Muslim League-Nawaz (PML-N) Chief Nawaz Sharif said that he is in favour of formation of new provinces of Bahawalpur and Southern Punjab. more... (ET)

US-Pakistan relationship at new low: Musharraf

Former President Pervez Musharraf says the relationship between Pakistan and the United States is at its lowest point and plagued by ”total mistrust.” more... (D)

PML-N to challenge NAB appointment on Saturday

The Pakistan Muslim League-Nawaz has decided to challenge in the Supreme Court by Saturday what it terms the controversial appointment of Admiral (retd) Fasih Bokhari as chairman of the National Accountability Bureau. more... (D)

GCC

Banks in a stronger position to face a global crisis

Dubai UAE banks are now in a stronger position than in 2008 to withstand another global downturn that could stem from the European debt crisis, said George T. Abed Senior Counsellor and Director of IIF’s Africa Middle East Department. more... (Zawya)

IIF sees widening gulf in Arab economies

The fallout from a year of Arab revolts will further deepen divergent economic outcomes for the region's oil exporters versus importers, according to a report released on Thursday. more.. .(Zawya)

Abu Dhabi Airports Company awards 10-year infrastructure contract to Juniper Networks

Juniper Networks (NYSE: JNPR), the industry leader in network innovation, today in a press release, announced that Abu Dhabi Airports CompanyAbu Dhabi Airports Company (ADACADAC), owner and operator of five airports in Abu Dhabi with subsidiaries supplying ground handling, duty free, cargo, catering and aviation training services, has awarded Juniper Networks with a 10-year infrastructure frame contract to support an aggressive expansion program designed to transform Abu Dhabi Airports into world-class facilities. more... (Zawya)

Maritime natural resources could spark conflict, experts say

Lebanon is gearing up for a long-term oil and gas production program although the looming diplomatic crisis with Israel over each country's share of undersea fossil fuels threatens full-scale conflict, a collection of diplomats and academics were told Thursday. more... (Zawya)

Quote of the Day:

“ Debt has become a part of who we are. ”

Dave Ramsey

 
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 14, 2011)
$17.20 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) 8.60%

Money Market

 
Price
Change
19-Oct-11
20-Oct-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
79.05
-0.78%
13.34%
13.57%
22.20
     
19-Oct-11
20-Oct-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,062.30
1,108.42
46.12

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.53
11.68
11.70
11.77
Offer
12.03
11.93
11.95
12.27

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
10.00
11.85
11.90
11.85
11.85
11.85
Low  
9.10
11.75
11.80
11.70
11.75
11.70

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
87.70
121.20
1.14
138.50
23.95
1.78
0.60

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.87
11.90
11.87
Last Cut Off.
11.87
11.92
11.94
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.12
12.07
12.17
12.07
10 Y-PIB
12.11
12.14
12.22
12.14

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.01
2.00
2.18
2.45
4.46
8.79
12.14
Change bps
0.00
-6.00
1.00
-2.00
-2.00
1.20
-5.00

Commodities

     
20-OCT-11
21-OCT-11
change
WTI (USD/bbl)    
85.63
86.34
0.83%
     
Brent (USD/bbl)    
108.30
109.47
1.08%
     
Arab Light (USD/bbl)    
106.59
108.28
1.59%

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
47,870.06
47,762.92
0.22%
Rice IRRI -6(Rs/100kg)
3,328.00
3,330.00
-0.06%
KCA Cotton (Rs/mound)
6,100.00
6,300.00
-3.17%
International
Current
Previous
Change
Coal Spot(USD/ton)
120.15
120.55
-0.33%
Gold Futures
1,627.40
1,623.20
0.26%
Sugar 11 (USD/lb)
26.80
27.85
-0.63%
Steel (USD/ton)
682.96
696.81
-1.99%
Wheat (CBT) (USD/bu)
663.75
619.50
1.82%
PTA (USD/ton)
1,230.00
1,185.00
3.80%
Copper (USD/ton)
6,721.50
7,196.75
-6.60%

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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.