BasedLine

Date: 28-October-2011
KSE-100 Index
Previous Index 11,387.22
Current Index 11,283.49
Change % -0.91%
YTD (CY11) -6.15%
YTD (FY12) -9.70%
KSE-100 Index
Previous Index 21,017.74
Current Index 20,868.03
Change % -0.71%
YTD (CY11) 10.97%
YTD (FY12) -0.33%
International Indicators
 
Close
%age
BSE-30 17,288.80 0.20
HANGSENG 19,688.70 3.26
NIKKEI 225 8,926.54 2.04
FTSE 5,713.82 2.89
DJIA 12,208.55 2.86
SSEC 2,435.61 0.33
NASDAQ 2,738.63 3.32
 
Close
%age
TASI 6,147.54 -0.12
KSE(Kuwait) 5,902.10 0.05
BSE 1,150.16 -0.16
MSM 5,563.43 0.33
ADX 2,471.67 0.69
DFM 1,379.95 1.93
QSE 8,535.68 0.85
Capital Market Overview

Market watch: Bourse falls as investors sell across-the-board

The stock market dropped on Thursday as investors opted to sell across-the-board. The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.91 per cent or 103.73 points to end at 11,283.49 point level. more... (ET)

NAVs and Returns
as of October 27, 2011
Funds Offer Redemption
POGSF
B.C
B.C
YTD Return
n/a
POAIIF
B.C
B.C
YTD Return
n/a
POAAAF
47.45/-
46.26/-
YTD Return
-8.43%
POIAAF
53.66/-
52.32/-
YTD Return
0.13%
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
31.78
2,733
52.91
2.98
-6.15%
KSE30
6.38
549
37.11
2.65
-8.65%
KMI30
4.79
412
25.40
1.82
10.97%
KSE All
34.35
2,954
69.76
3.06
-6.33%
October 27 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
151.40
112.85
-24.03%
OGDC
14.50
132.70
125.87
-13.26%
UBL
2.00
55.65
43.41
-10.11%
LUCK
1.70
80.00
36.89
12.93%
October 27 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
12.72
-29.22
-16.50
Foreign Corporates
1,757.54
-4,376.42
-2,618.88
Overseas Pakistani
411.40
-234.45
179.96
Grand Total
2,181.67
-4,640.08
-2,458.42
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
26-Oct-11
27-Oct-11
Change
Gross Buy
609.48
-35.78%
59.11
49.81%
1.79
2.18
21.61%
Gross Sell
-703.33
28.64%
-137.30
281.32%
-2.03
-4.64
128.67%
Net Buy/(Sell)
-95.00
-122.74%
-79.09
-2331.39%
-0.24
-2.46
945.17%
S.C.R.A
Country
During the Period FY12TD
26-10-2011
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
-
-
30.53
-
-
-19.85
-
0.09
-0.09
Switzerland
10.88
0.35
-
21.16
0.53
-
-10.46
-
-
0.11
UAE
1.91
0.52
-
3.01
4.18
-
-5.28
-
-
-
UK
19.42
0.16
-
52.31
0.29
-
-33.04
-
0.15
-0.15
USA
69.01
-
-
111.53
-
0.85
-43.37
0.27
1.41
-1.14
Total
129.86
1.03
-
241.92
5.00
0.85
-117.43
0.27
2.75
-2.37
News Clippings
Economy

ADB provides $37m for Sindh wind farm

The Asian Development Bank (ADB) has announced that it is providing a loan of $36.8 million to help fund the first privately owned wind farm in Pakistan. more... (ET)

Pakistani wins Oscar of Science and Technology world

Pakistani Athar Osama, who dreams of reviving the Golden Age of Islamic Science, has won an award at an event considered to be the Oscars of Science and Technology on Wednesday night at the UN Building, New York. more... (ET)

Foreign exchange reserves rise to $17.21bn: SBP

Foreign exchange reserves rose to $17.21 billion in the week ending October 21 from $17.20 billion the previous week, State Bank said on Thursday. more... (BR)

Pakistan’s Potential: Opportunities for Trade and Investment

Pakistan’s exports to Commonwealth countries are $3.63 billion while imports $7 billion. However, 173 products which Pakistan exports to Commonwealth countries, has the market share of 0.3 percent of range of products which constitutes 55 percent of Commonwealth nation’s total imports worth $1.18 trillion. more... (DT)

Company & Sector Update

Capital markets: After Engro, KESC to jump into retail bond fray

The Karachi Electric Supply Company plans on issuing a Rs2 billion bond directly to retail investors, bypassing traditional investment banks, becoming the second major Pakistani firm after the Engro Corporation to do so. more... (ET)

Corporate results: OGDC makes Rs22 billion in 92 days

Oil and Gas Development Company – the country’s largest oil and gas explorer – profits jumped 31% to Rs21.9 billion during July to September 2011 on higher revenues and decline in exploration expenditure. more... (ET)

Pakistani traders to attend int'l rice fair in Dubai

Under the patronage of Ministry of Foreign Trade UAE government, the international rice exhibition ‘Rice Dubai 2011' is being held from November 3 in Dubai. more... (DT)

NBP posts Rs 16.7 billion Pre-tax profit

National Bank of Pakistan (NBP) approved the financial statements of the Bank for the nine months period ended September 30, 2011. Board of Director's of NBP announced Bank recorded pretax profit of Rs 16,751 million for the third quarter 2011, which was marginally higher then corresponding period last year. more... (DT)

Political

Clinton wants Mulla Omar in peace talks

US Secretary of State Hillary Clinton told a congressional panel on Thursday that any Afghan-led peace process would have to include the Quetta Shura and its leader Mulla Omar.more... (ET)

PML-N Plan: Shahbaz to set a 60-day deadline for PPP

Chief Minister Shahbaz Sharif is likely, during his address today, to give a two-month ultimatum to the federal government to fulfill a list of demands. Otherwise PML-N members will submit their resignations, sources within the party told The Express Tribune. more... (ET)

Frank message: Clinton told Pakistan to shut down safe havens

US Secretary of State Hillary Clinton on Thursday renewed her call for Pakistan to close militant safe havens, saying the uneasy partner must be “unequivocal” in its approach. more... (ET)

Rallies must not harm democracy: Altaf

After a meeting with Interior Minister Rehman Malik in London on Thursday, Muttahida Qaumi Movement chief Altaf Hussain urged opposition parties not to act in a manner that may affect the democratic process in the country. more... (D)

GCC

Saudi Interior Minister Prince Nayef named as new crown prince

Saudi Arabian King Abdullah appointed Interior Minister Prince Nayef as his new heir in the world's top oil exporter, said a royal court statement read out on state television early on Friday. more... (D)

Dubai 2012 debt maturities manageable for banks, expert says

Debt maturities of Dubai in 2012 estimated at $15 billion (Dh55 billion) are manageable for domestic banks, even in the face of a potential global credit crunch triggered by European sovereign debt woes. more... (Gulf News)

UAE-French trade slated to rise by 5% in 2011

French-UAE trade and economic exchanges are expected to grow five per cent this year, according to Alain Azouaou, French Ambassador to the UAE. more... (Gulf News)

Moody's downgrades Egypt on weak economy, political fears

Moody's said Thursday it had downgraded Egypt's government debt rating by one notch to B1 over concerns about the country's weak economy, financial deterioration and political instability. more... (Zawya)

Quote of the Day:

“ I think that our fundamental belief is that for us growth is a way of life and we have to grow at all times.” Mukesh Ambani

 
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 21, 2011)
$17.21 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
26-Oct-11
27-Oct-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
79.67
0.36%
13.46%
13.37%
-9.70
     
26-Oct-11
27-Oct-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,047.00
942.74
-104.27

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.43
11.61
11.66
11.72
Offer
11.93
11.86
11.91
12.22

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.90
11.70
11.75
11.75
11.80
11.80
Low  
10.00
11.50
11.50
11.50
11.60
11.50

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
87.20
121.01
1.14
138.74
23.60
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
12.08
12.07
12.08

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.04
2.21
2.36
2.62
4.56
8.76
12.08
Change bps
4.00
17.00
15.00
15.00
11.00
0.00
6.00

Commodities

     
27-OCT-11
28-OCT-11
change
WTI (USD/bbl)    
91.10
93.58
1.83%
     
Brent (USD/bbl)    
110.07
111.56
1.35%
     
Arab Light (USD/bbl)    
107.52
110.43
2.71%

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
51,377.39
50,773.12
1.19%
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
1,743.40
1,725.90
1.01%
Sugar 11 (USD/lb)
26.86
26.35
1.94%
Steel (USD/ton)
664.29
664.76
-0.07%
Wheat (CBT) (USD/bu)
644.00
619.50
3.95%
PTA (USD/ton)
1,090.00
1,230.00
-11.38%
Copper (USD/ton)
8,142.50
7.675.00
6.09%

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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.