BasedLine

Date: 27-October-2011
KSE-100 Index
Previous Index 11,517.29
Current Index 11,387.22
Change % -1.13%
YTD (CY11) -5.28%
YTD (FY12) -8.87%
KSE-100 Index
Previous Index 21,414.58
Current Index 21,017.74
Change % -1.85%
YTD (CY11) 11.77%
YTD (FY12) 0.39%
International Indicators
 
Close
%age
BSE-30 17,288.80 0.20
HANGSENG 19,066.50 0.50
NIKKEI 225 8,748.47 -0.16
FTSE 5,553.24 0.50
DJIA 11,869.00 1.39
SSEC 2,427.48 0.74
NASDAQ 2,650.67 0.46
 
Close
%age
TASI 6,147.54 -0.12
KSE(Kuwait) 5,905.00 0.06
BSE 1,152.01 0.67
MSM 5,544.97 0.06
ADX 2,454.85 0.17
DFM 1,353.84 0.01
QSE 8,464.04 0.14
Capital Market Overview

Market watch: Selling pressure pulls bourse down

Selling spree was witnessed at the bourse on Wednesday as negative triggers haunted the stock market. The Karachi Stock Exchange’s (KSE) benchmark 100-share index dropped 1.13 per cent or 130.07 points to end at 11,387.22 point level. more... (ET)

NAVs and Returns
as of October 26, 2011
Funds Offer Redemption
POGSF
B.C
B.C
YTD Return
n/a
POAIIF
B.C
B.C
YTD Return
n/a
POAAAF
47.85/-
46.65/-
YTD Return
-7.66%
POIAAF
53.99/-
52.64/-
YTD Return
0.75%
POAF
10.63/-
YTD Return
11.39%
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
32.07
2,758
70.46
3.48
-5.28%
KSE30
6.45
554
42.46
2.93
-7.69%
KMI30
4.82
415
31.55
2.32
11.77%
KSE All
34.68
2,982
80.94
3.55
-5.44%
October 26 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
159.03
112.85
-20.21%
OGDC
14.50
132.77
125.87
-13.22%
UBL
2.00
55.69
43.41
-10.05%
LUCK
1.70
79.75
36.89
12.58%
October 26 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
11.59
-7.55
4.04
Foreign Corporates
1,555.03
-1,822.76
-267.73
Overseas Pakistani
227.33
-198.86
28.47
Grand Total
1,793.95
-2,029.17
-235.22
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
25-Oct-11
26-Oct-11
Change
Gross Buy
607.35
-35.79%
56.98
50.04%
20.24
1.79
-91.13%
Gross Sell
-698.79
28.49%
-132.77
284.19%
-24.15
-2.03
-91.60%
Net Buy/(Sell)
-92.57
-122.18%
-76.66
-2282.99%
-3.91
-0.24
-93.98%
S.C.R.A
Country
During the Period FY12TD
25-10-2011
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
10.68
-
-
30.44
-
-
-19.77
0.26
-
0.26
Switzerland
10.88
0.24
-
21.16
0.53
-
-10.57
-
1.06
-1.06
UAE
1.91
0.52
-
3.01
4.18
-
-5.28
0.18
-
0.18
UK
19.42
0.16
-
52.16
0.29
-
-32.90
1.08
0.17
0.90
USA
68.74
-
-
110.12
-
0.85
-42.23
1.86
1.84
0.02
Total
129.59
0.92
-
239.17
5.00
0.85
-115.06
3.40
5.36
-1.97
News Clippings
Economy

Fiscal gap: Expenses to exceed income by Rs1.1trillion says IMF report

In what appears to be a close-to-reality assessment, the International Monetary Fund (IMF) has said that Pakistan’s expenses will exceed its income by Rs1,13 trillion this year- an amount which is Rs276 billion higher than what the government claims. more... (ET)

35% of population comes under middle class

More than one third of Pakistan’s population can be categorised as middle class, which is second only to Sri Lanka in the South Asian region in terms of percentage, finds a new study of a government-backed think tank. more... (ET)

Exports of petroleum, coal surge 38.59pc

The export of petroleum and coal products increased by 38.59 per cent during first quarter of the current year as compared to the same period of last year. more... (BR)

Country may miss cotton production target of 15m bales

The Cotton Crop Assessment Committee (CCAC) in its initial review has estimated that cotton production in the country is expected at 12.223 million bales against the actual estimate of 15 million bales for 2011-12. more... (DT)

Company & Sector Update

Hub Power Company profits crawl up

Hub Power Company’s profit rose 7% to Rs1.34 billion during July to September 2011 compared with the previous year’s Rs1.24 billion. more... (ET)

No three-month gas cut for industries: SNGPL

Sui Northern Gas Pipelines Limited (SNGPL) Managing Director Arif Hameed on Wednesday dispelled the impression that gas supply to industries would be stopped for three months in winter and said all sectors would be provided gas according to their fixed quota assigned under the federal cabinet’s decision.more... (ET)

Fauji Fertilizer Bin Qasim profits double to Rs7.2b

Fauji Fertilizer Bin Qasim profits more than doubled to Rs7.2 billion in the first nine months of 2011 on the back of higher sales of the commodity, according to a notice sent to the Karachi Stock Exchange on Wednesday. more... (ET)

NBP making all-out efforts to facilitate pensioners

The National Bank of Pakistan (NBP) is making all-out efforts to facilitate pensioners of Pakistan Railways at all its pension disbursing branches. more... (BR)

Political

Nawaz for improved ties with India, Afghanistan

Pakistan Muslim League-N President Nawaz Sharif held a meeting with Turkish president Abdullah Gul and said that Turkey and Pakistan were tied in cordial relations. more... (N)

Major religio-political parties poles apart on MFN status for India

Jamiat Ulema-i-Islam-Fazl and Jamaat-i-Islami, the country`s two major religio-political parties with common thoughts on most national and international issues, are poles apart over the question of Pakistan giving India the most favoured nation (MFN) status. more... (D)

Judicial Commission to meet today to appoint judges in SC

Chief Justice of Pakistan Iftikhar Muhammad has summoned the meeting of the Judicial Commission for the appointment of Supreme Court’s judges today (Thursday). more... (DT)

Tremendous potential exists in Pakistan, Argentina: envoy

Argentine Ambassador HE Rodolfo J Martin Saravia said on Tuesday that tremendous potential existed in both Pakistan and Argentina, which needed to be exploited by the two countries. more... (DT)

GCC

Dubai launches domestic property fund

Dubai has launched a fund focused on its domestic real estate market as the government moves to underpin property prices, which have fallen two-thirds from their 2008 peak. more... (Zawya)

Qatar joins Mexico with oil hedge

Qatar, a member of the Opec oil cartel, has joined Mexico in taking out an insurance policy against falling oil prices next year, hedging some of its oil for 2012 as both nations adopt a cautious view about the global economy. more.. .(Zawya)

Europe crisis threatens the Gulf

Europe's leaders were back in Brussels yesterday to thrash out a viable solution on Greece's second bailout, the recapitalisation of banks and the retooling of the €440 billion (Dh2.2 trillion) rescue fund. more... (Gulf News)

Dubai in new growth push

Dubai is soon expected to see the return of development activities as the government is joining hands with investors to kickstart major projects, marking a new beginning in its economic development. more... (Gulf News)

Quote of the Day:

“I think in business, you have to learn to be patient. Maybe I'm not very patient myself. And I think what I've learned the most is be able to wait for something and get it when it's the right time.” Bernard Arnault

 
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
25-Oct-11
26-Oct-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
79.388
0.39%
13.57%
13.46%
-10.30
     
25-Oct-11
26-Oct-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,037.82
1,047.00
9.18

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.37
11.59
11.64
11.72
Offer
11.87
11.84
11.89
12.22

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
9.50
11.60
11.75
11.75
11.80
11.80
Low  
9.10
11.30
11.40
11.50
11.60
11.55

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
87.60
120.66
1.15
138.58
23.70
1.79
0.62

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.70
11.75
11.78
Last Cut Off.
11.87
11.92
11.94
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.10
12.08
12.10
12.08
10 Y-PIB
12.07
12.02
12.06
12.02

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.00
2.04
2.21
2.47
4.45
8.76
12.02
Change bps
0.00
-2.00
9.00
-4.00
7.00
0.00
0.00

Commodities

     
26-OCT-11
27-OCT-11
change
WTI (USD/bbl)    
93.17
91.10
-1.36%
     
Brent (USD/bbl)    
111.28
110.07
-1.09%
     
Arab Light (USD/bbl)    
109.49
107.52
-1.80%

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
50,773.12
50,343.70
0.85%
Rice IRRI -6(Rs/100kg)
3,045.00
3,071.00
-0.85%
KCA Cotton (Rs/mound)
5,750.00
5,900.00
-2.54%
International
Current
Previous
Change
Coal Spot(USD/ton)
118.80
120.15
-1.12%
Gold Futures
1,725.90
1,713.70
0.71%
Sugar 11 (USD/lb)
26.35
26.94
-2.19%
Steel (USD/ton)
664.76
663.07
0.25%
Wheat (CBT) (USD/bu)
619.50
636.25
-2.63%
PTA (USD/ton)
1,090.00
1,230.00
-11.38%
Copper (USD/ton)
7,675.00
7.521.50
2.04%

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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.