BasedLine

Date: 31-October-2011
KSE-100 Index
Previous Index 11,283.49
Current Index 11,561.67
Change % 2.47%
YTD (CY11) -3.83%
YTD (FY12) -7.48%
KSE-100 Index
Previous Index 20,868.03
Current Index 21,494.67
Change % 3.00%
YTD (CY11) 14.30%
YTD (FY12) 2.66%
International Indicators
 
Close
%age
BSE-30 17,804.80 2.98
HANGSENG 20,019.20 1.68
NIKKEI 225 9050.47 1.39
FTSE 5,702.24 0.20
DJIA 12,231.10 0.18
SSEC 2,460.41 -0.53
NASDAQ 2,737.15 0.05
 
Close
%age
TASI 6,229.64 -0.10
KSE(Kuwait) 5,908.50 0.11
BSE 1,150.16 0.00
MSM 5,570.45 0.13
ADX 2,508.94 1.51
DFM 1,415.78 2.60
QSE 8,619.63 0.98
Capital Market Overview

Weekly review: Market fails to surge despite strong corporate results

The market failed to make substantial gains despite strong corporate results and positive triggers, only managing to grow by 0.3% (36 points) during the week ended October 28. more... (ET)

NAVs and Returns
as of October 28, 2011
Funds Offer Redemption
POGSF
10.0858/-
10.0858/-
YTD Return
14.13
POAIIF
52.9737/-
51.65/-
YTD Return
15.11
POAAAF
48.10/-
46.90/-
YTD Return
-7.17%
POIAAF
54.39/-
53.03/-
YTD Return
1.49%
POAF
10.64/-
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
32.56
2,800
68.35
4.31
-3.83%
KSE30
6.56
565
56.65
4.11
-5.98%
KMI30
4.93
424
43.82
3.31
14.30%
KSE All
25.13
3,022
81.08
4.40
-4.16%
October 27 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
154.85
112.85
-22.33%
OGDC
14.50
139.33
125.87
-8.93%
UBL
2.00
55.27
43.41
-10.73%
LUCK
1.70
78.70
36.89
11.10%
October 28 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
55.11
-51.49
3.62
Foreign Corporates
1,116.58
-2,134.43
-1,017.85
Overseas Pakistani
221.90
-559.72
337.82
Grand Total
1,393.59
-2,745.64
-1,352.05
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
27-Oct-11
28-Oct-11
Change
Gross Buy
610.84
-65.76%
60.47
49.44%
2.18
1.39
-22.32%
Gross Sell
-706.01
-48.49%
-139.99
250.29%
-4.64
-2.75
35.31%
Net Buy/(Sell)
-96.33
-122.40%
-80.43
-14314.84%
-2.46
-1.35
474.81%
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
10.84
-
-
30.53
-
-
-19.68
0.17
-
0.17
Switzerland
10.92
0.35
-
21.16
0.53
-
-10.41
0.05
-
0.05
UAE
1.91
0.52
-
3.01
4.18
-
-5.28
-
-
-
UK
19.79
0.16
-
72.82
0.29
-
-53.19
0.36
20.51
-20.14
USA
69.79
-
-
111.96
-
0.85
-43.03
0.78
0.44
0.34
Total
148.93
1.03
-
262.86
5.00
0.85
-119.31
19.07
20.94
-1.88
News Clippings
Economy

Revenue generation: Tax likely on oil shipments to Afghanistan via Pakistan

Petroleum Minister Dr Asim Hussain has said that the government has decided to slap taxes on oil imports which are made to be shipped to Afghanistan through Pakistan in an attempt to check smuggling and revenue loss. more... (ET)

US and WB likely to provide $300m for 50MW solar projects

At a time when the government is struggling to overcome the energy crisis, World Bank and the United States are likely to help out by providing $300 million for 50-megawatt pilot solar projects in Sindh and Punjab. more... (ET)

SBP to buy govt paper

State Bank of Pakistan (SBP) said it will buy back government paper from commercial banks on Friday in seven-day reverse repo contracts to inject liquidity in the money market. more... (BR)

THE RUPEE: gains recorded versus dollar

Corrective measures helped the rupee to recover some gains against dollar, whereas it losses in terms of euro during the week ended on October 29, 2011. In interbank dealings, the rupee was up by 12 paisa in relation to dollar for buying at 86.58 and 13 paisa for selling at 86.62. more... (BR)

Company & Sector Update

Motorcycles: Local market leader, Atlas Honda looks to exports

Having established an undisputed dominance of the Pakistani motorcycle market, Atlas Honda is now looking at foreign markets as its next phase of growth, with exports to Bangladesh and Afghanistan expanding rapidly. more... (ET)

Energy crisis: Govt to launch Rs300b fund to end circular debt

In what appears to be a major breakthrough, the government plans on issuing up to Rs300 billion worth of bonds in order to clear up the existing inter-corporate circular debt that has financially crippled the energy sector, even as it contemplates reforms to ensure that the problem never arises again. more... (ET)

Subsidising agriculture: For most farmers, support price mechanism fails to deliver

For Kamran Wazir Memon, who grows sugarcane, rice, cotton and wheat on his 250 acres of farmland in Darro, Thatta, the agriculture support price mechanism has practically ceased to exist. more... (ET)

Debris of a crisis: Three years on, Bank of Punjab still a market pariah

In boardrooms up and down Karachi’s I.I. Chundrigar Road, Bank of Punjab is a four-letter word. Hardly anybody wants to talk about it and almost nobody wants to do business with it. Yet curiously enough, even though most people believe its liabilities far exceed its assets, nobody actually thinks it will go bankrupt or shut down. more... (ET)

Political

Imran's Lahore rally stuns opponents

Imran Khan surprised his detractors on Sunday by holding a massive public meeting, described by political observers as one of the biggest rallies held in Lahore over the past two decades. And in a hard-hitting speech he asked the rulers to declare their assets and threatened a civil disobedience movement and a countrywide blockade if they did not do so. more... (D)

MQM stages massive show in support of Zardari

MQM chief Altaf Hussain has advised the Pakistan Muslim League-N to wait for the next election and avoid what he called undemocratic tactics, dictatorial attitude and use of derogatory language against President Asif Ali Zardari. more... (D)

Australia invites Pakistan for meaningful dialogue in all sectors

Australia on Sunday invited Pakistan for a meaningful dialogue to deepen economic ties, enhance cooperation in agriculture and undertake joint investment ventures to strengthen bilateral relations. more... (BR)

Zardari's visit to Turkey to promote bilateral relations

Pakistan and Turkey are expected to sign a currency swap agreement during the visit of President Asif Ali Zardari to Istanbul. more... (BR)

GCC

Oil deal with Turkey

Iran has signed new agreements with Turkey to increase oil exports to the country, announced director general for international affairs of National Iranian Oil Company (NIOC). more... (Zawya)

Regulators will have to disclose financial stake

A new decree on corporate governance aiming for the independent regulation of companies will ensure that regulators are not wearing multiple corporate hats — a move to avoid any corruption issues, business leaders said. more... (Zawya)

26 nations oppose EU carbon tariff

Twenty-six nations are expected to lodge a formal protest on Wednesday against a European Union law to make airlines pay for carbon emissions — adding to transatlantic tension on an issue that has triggered a tit-for-tat bill in the US Congress. more... (Gulf News)

Inflation rate up 4.5% in September 2011, says report

Kuwait's inflation rate edged up to 4.5 percent in September this year, compared to the same month of 2010, whereas it increased 1.1 percent compared to August of 2011, a specialized report cited Sunday. more... (Gulf Base)

Quote of the Day:

“ It's tough to say, exactly, what things will look like in three to five years, but there's a lot of work to do in just moving along the path that we've already set out. ” Mark Zuckerberg

 
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
27-Oct-11
28-Oct-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
80.18
0.64%
13.37%
13.19%
-17.70
     
27-Oct-11
28-Oct-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
942.74
940.29
-2.45

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.42
11.58
11.64
11.71
Offer
11.92
11.83
11.89
12.21

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.90
11.65
11.80
11.80
11.80
11.80
Low  
11.25
11.55
11.70
11.70
11.60
11.70

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
87.20
123.40
1.13
140.20
23.75
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
12.06
12.03
12.10
12.03
10 Y-PIB
12.05
12.00
12.10
12.00

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.05
2.18
2.29
2.61
4.51
8.85
12.00
Change bps
1.00
-3.00
-7.00
-1.00
-5.00
8.50
-8.00

Commodities

     
28-OCT-11
31-OCT-11
change
WTI (USD/bbl)    
93.58
92.57
-1.08%
     
Brent (USD/bbl)    
111.56
108.76
-2.51%
     
Arab Light (USD/bbl)    
110.43
108.75
-1.52%

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)
1,782.50
1,765.00
0.99%
Gold 24cr (Rs./10gm) Khi
50,670.27
51,377.39
-1.38%
Rice IRRI -6(Rs/100kg)
3,093.00
3,045.00
-0.03%
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
1,710.90
1,743.40
-1.86%
Sugar 11 (USD/lb)
26.15
26.86
-2.64%
Steel (USD/ton)
665.99
664.29
0.26%
Wheat (CBT) (USD/bu)
644.50
644.00
0.08%
PTA (USD/ton)
1,090.00
1,230.00
-11.38%
Copper (USD/ton)
8,169.50
8,142.50
0.33%

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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.