BasedLine

Date: 25-October-2011
KSE-100 Index
Previous Index 11,685.15
Current Index 11,525.25
Change % -1.37%
YTD (CY11) -4.14%
YTD (FY12) -7.77%
KSE-100 Index
Previous Index 22,884.80
Current Index 22,436.77
Change % -2.05%
YTD (CY11) 14.00%
YTD (FY12) 2.39%
International Indicators
 
Close
%age
BSE-30 16,939.30 0.92
HANGSENG 18,771.80 4.14
NIKKEI 225 8,843.98 1.90
FTSE 5,548.06 1.08
DJIA 11,913.60 0.89
SSEC 2,409.40 1.65
NASDAQ 2,699.44 2.35
 
Close
%age
TASI 6,132.25 -0.07
KSE(Kuwait) 5,918.50 0.15
BSE 1,144.40 -0.03
MSM 5,538.75 -0.02
ADX 2,446.71 0.20
DFM 1,359.77 -0.32
QSE 8,457.95 0.30
Capital Market Overview

Market Watch: KSE slumps as Hillary demands instant action

Equities at Pakistan’s Karachi Stock Exchange (KSE) fell sharply on Friday after the US Secretary of State Hillary Clinton urged Islamabad to do more, and do it in the space of days and hours, not in months and years.The benchmark KSE 100-Index slumped by 1.37 per cent or 159.90 points to close at 11,525.25 levels. more... (TFD)

NAVs and Returns
as of October 21, 2011
Funds Offer Redemption
POGSF
10.3221/-
10.3221/-
YTD Return
14.40%
POAIIF
53.1118/-
52.5807/-
YTD Return
15.43%
POAAAF
48.77/-
47.55/-
YTD Return
-5.88%
POIAAF
54.57/-
53.21/-
YTD Return
1.84%
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
32.46
2,792
71.90
3.62
-4.14%
KSE30
6.57
565
42.17
3.04
-5.92%
KMI30
4.92
423
27.73
2.10
14.00%
KSE All
35.10
3,019
82.12
3.68
-4.29%
October 21 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
159.73
112.74
-19.85%
OGDC
15.60
131.70
135.28
-13.92%
UBL
2.00
55.70
43.36
-10.03%
LUCK
1.70
80.24
36.86
13.27%
October 21 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
8.32
-35.43
-27.11
Foreign Corporates
2,683.82
-1,659.23
1,024.59
Overseas Pakistani
244.83
-194.06
50.77
Grand Total
2,936.97
-1,888.72
1,048.25
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
20-Oct-11
21-Oct-11
Change
Gross Buy
585.82
-37.74%
35.45
2.56%
1.21
2.94
11.42%
Gross Sell
-673.21
24.88%
-107.19
233.29%
-3.05
-1.89
-78.66%
Net Buy/(Sell)
-88.47
-121.21%
-72.57
-3,017.09%
-1.84
1.05
-116.87%
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

Govt to reduce running expenses by 10%

A move is on the cards to cut non-salaried running expenses of the civilian government by one-tenth as part of austerity measures. Critics, however, have dubbed the exercise “cosmetic”, arguing that economic managers are meddling with figures while compromising on policy matters. more... (ET)

SBP required to inject Rs 650 billion in financial system

The State Bank of Pakistan will have to inject an additional Rs 600 to Rs 650 billion before Eid-ul-Azha in order to avoid the abilities of financial system from choking up. more... (BR)

Rupee to see turbulent times ahead: report

The Pakistani rupee is in for further bashing and is likely to depreciate to Rs94 to the dollar by the end of the fourth quarter of 2012, according to a report by Sayem Ali, economist at Standard Chartered Bank Pakistan Limited. more... (ET)

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)

Company & Sector Update

Big jump in Shell earnings

Shell Pakistan Limited (Shell) announced its financial results on Friday for the nine months ended September 30, 2011 (9MCY11).
Shell has posted profit after taxation of Rs1.12 billion versus loss after taxation of Rs12 million during the 9MCY10.The earning per share of the Shell remained at Rs16.39 as against loss per share of Rs0.17 in same period last year. more... (TFD)

NRL profit nosedives 53.6pc

The financial results of National Refinery Limited (NRL) of first quarter (July-September) of fiscal year 2011-2012 – announced here on Friday – were disappointing comparing previous year’s as company incurred inventory losses around Rs1.32 billion along with significant hike in financing cost. more... (TFD)

More than a helping hand: Iran offers to provide 10,000MW

At a time when Pakistan is facing resistance from the US in going ahead with the Iran-Pakistan gas pipeline project, Iran has proposed an electricity supply project which will provide 10,000 megawatts in the second year of its operation. more... (ET)

SECP approves futures contract in wheat at PMEX

As part of its mandate to develop and strengthen the commodities' market, the Securities and Exchange Commission of Pakistan (SECP), has granted approval to the Pakistan Mercantile Exchange Limited (PMEX) for the introduction of the futures contract in wheat. more... (BR)

Political

Nishan-i-Imtiaz, Mother of Democracy

The government conferred on Monday Nishan-i-Imtiaz and the ‘Mother of Democracy' title on Begum Nusrat Bhutto posthumously in recognition of her services for the cause of democracy. more... (D)

Punjab to move Supreme Court against federal govt

The Punjab government is planning to move the Supreme Court against the federal government for not transferring various departments devolved to provinces under the 18th Amendment. more... (D)

Gilani offers assistance, relief goods to Turkey

Prime Minister Syed Yusuf Raza Gilani Monday offered assistance including relief goods, medicines and doctors to help Turkish brethren cope with the devastating earthquake in Eastern Turkey. more... (BR)

Pakistan, US share Afghan peace goal but need to find common ground: Haqqani

Islamabad's ambassador to Washington Husain Haqqani has said Pakistan and the United States have a shared interest in a stable Afghanistan but the major challenge for both the countries is to find common ground by taking into account political realities within Pakistan as well as Afghanistan. more... (BR)

GCC

Emirates NBD expects slight increase in bad loan ratio

Dubai Emirates NBD took a conservative stand on its provisioning policy in the third quarter of 2011 as it expects a moderate increase in its non-performing loans (NPLs) ratio in the next two years, bank officials said during a conference call yesterday. more... (Zawya)

Saudi company to build JD1b fertiliser factory in Al Hasa

DEAD SEA - A Saudi company on Sunday announced a JD1 billion ($1.4 billion) investment in the Kingdom's fertiliser industry. more.. .(Zawya)

Oil prices climb on cautious optimism

World oil prices advanced Monday on cautious optimism after encouraging Chinese and eurozone economic data, and following the weekend's eurozone debt crisis summit, analysts said. more... (Zawya)

Gulf Finance House profits increase to $4.138 million

Gulf Finance House (GFH) announced, in a press release on Monday, its third quarter (Q3) financial results for 2011. The Bank has continued to grow its earnings, recording a net profit of 4.1 million US dollars for the first nine months of 2011, as compared to a net loss of $162.2 million for the same period in 2010. more... (GB)

Quote of the Day:

“ The greatest glory in living lies not in never falling, but in rising every time we fall. ”

Nelson Mandela

 
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
20-Oct-11
21-Oct-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
79.18
0.35%
13.57%
13.52%
-9.40
     
20-Oct-11
21-Oct-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,108.42
1,064.35
-32.97

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.54
11.68
11.70
11.77
Offer
12.04
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  
11.90
11.70
11.90
11.85
11.85
11.80
Low  
11.25
11.60
11.80
11.70
11.75
11.55

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
88.10
122.90
1.15
140.90
24.20
1.78
0.60

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.76
11.80
11.82
Last Cut Off.
11.87
11.92
11.94
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.10
12.05
12.12
12.05
10 Y-PIB
12.06
12.04
12.11
12.04

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.02
2.12
2.22
2.56
4.51
8.82
12.04
Change bps
1.00
12.00
4.00
11.00
5.00
3.30
-10.00

Commodities

     
21-OCT-11
25-OCT-11
change
WTI (USD/bbl)    
86.34
91.82
6.35%
     
Brent (USD/bbl)    
109.47
111.31
1.68%
     
Arab Light (USD/bbl)    
108.28
109.73
1.34%

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)
417.18
413.57
0.87%
Urea Fertilizer (Rs/bag)
1,765.00
1,730.00
2.02%
Gold 24cr (Rs./10gm) Khi
48,783.75
47,870.06
1.91%
Rice IRRI -6(Rs/100kg)
3,327.00
3,328.00
-0.03%
KCA Cotton (Rs/mound)
5,900.00
6,100.00
-3.28%
International
Current
Previous
Change
Coal Spot(USD/ton)
118.80
120.15
-1.12%
Gold Futures
1,657.20
1,627.40
1.83%
Sugar 11 (USD/lb)
27.10
26.80
1.12%
Steel (USD/ton)
655.94
663.70
-1.10%
Wheat (CBT) (USD/bu)
642.50
630.75
1.86%
PTA (USD/ton)
1,090.00
1,230.00
-11.38%
Copper (USD/ton)
7,629.50
6,721.50
13.51%

Kindly Click here for PDF Version

(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.