BasedLine

Date: 01-November-2011
KSE-100 Index
Previous Index 11,561.67
Current Index 11,868.88
Change % 2.66%
YTD (CY11) -1.28%
YTD (FY12) -5.02%
KSE-100 Index
Previous Index 21,494.67
Current Index 22,166.88
Change % 2.66%
YTD (CY11) -1.28%
YTD (FY12) -5.02%
International Indicators
 
Close
%age
BSE-30 17,661.00 -0.81
HANGSENG 19,584.69 -2.17
NIKKEI 225 8882.13 -1.17
FTSE 5,544.22 -2.77
DJIA 11,955.01 -2.30
SSEC 2,468.49 -1.15
NASDAQ 2,684.41 -1.93
 
Close
%age
TASI 6,224.30 -0.09
KSE(Kuwait) 5,919.60 0.19
BSE 1,147.66 -0.22
MSM 5,587.96 0.31
ADX 2,501.43 -0.30
DFM 1,408.06 -0.55
QSE 8,594.86 -0.29
Capital Market Overview

Market watch: Bourse rallies as investor sentiment rises

The stock market continued its upward rally on Monday as investor interest rose on higher fertiliser prices and news of possible resolution of circular debt. more... (ET)

NAVs and Returns
as of October 31, 2011
Funds Offer Redemption
POGSF
10.0938/-
10.0936/-
YTD Return
13.98
POAIIF
52.2124/-
51.6903/-
YTD Return
14.98
POAAAF
48.82/-
47.60/-
YTD Return
-7.17%
POIAAF
55.05/-
53.67/-
YTD Return
2.72%
POAF
10.66/-
YTD Return
11.69%
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
33.42
2,875
79.02
4.59
-1.28%
KSE30
6.77
583
48.50
4.30
-2.98%
KMI30
5.08
437
35.71
3.53
17.88%
KSE All
36.03
3,099
101.14
4.74
-1.72%
October 31 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
160.05
112.46
-19.69%
OGDC
14.50
146.29
125.44
-4.38%
UBL
2.00
55.90
43.26
-9.71%
LUCK
1.70
82.91
36.77
17.04%
October 31 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
20.89
-23.03
-2.15
Foreign Corporates
2,171.36
-3,991.08
-1,819.72
Overseas Pakistani
326.84
-299.72
27.12
Grand Total
2,519.10
-4,313.84
-1,794.74
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
28-Oct-11
31-Oct-11
Change
Gross Buy
613.30
-35.61%
62.93
40.87%
1.39
2.52
81.23%
Gross Sell
-710.23
-28.35%
-144.20
191.29%
-2.75
-4.31
-67.85%
Net Buy/(Sell)
-98.11
-123.67%
-82.20
1601.82%
-1.35
-1.79
-32.94%
S.C.R.A
Country
During the Period FY12TD
28-10-2011
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
-
-
30.90
-
-
-20.05
0.01
0.37
-0.36
Switzerland
10.92
0.35
-
21.16
0.53
-
-10.41
-
-
-
UAE
1.91
0.52
-
3.01
4.18
-
-5.28
-
-
-
UK
19.91
0.16
-
72.92
0.29
-
-53.17
0.12
0.10
0.02
USA
71.28
-
-
111.82
-
0.85
-42.38
1.49
0.85
0.64
Total
150.66
1.03
-
264.91
5.00
0.85
-119.62
1.74
2.04
-0.31
News Clippings
Economy

Looking for IMF help, Pakistan approaches US

They have said publicly that they do not need it. They have denied vociferously any reports that suggested they may ask for it. But privately, Pakistan’s top economic managers have been pleading with the United States to assist Islamabad in seeking a second bailout from the International Monetary Fund, after having exited the last one early on account of not having fulfilled its conditions. more... (ET)

Pakistan Ratings Affirmed At 'B-': Outlook Stable

Standard & Poor's Ratings Services on Monday affirmed its 'B-' long-term and 'C' short-term foreign and local currency sovereign credit ratings on Pakistan . more... (BR)

OGRA reduces petroleum prices

Prices of all petroleum products, except Diesel, have been reduced for November.According to a notification issued by Oil and Gas Regulatory Authority (OGRA) on Monday, the price of petrol was reduced by Rs 1.54 per liter to Rs 87.14 and that of Light Diesel Oil by Rs 1.53 to Rs 81.99 per litre. more... (BR)

Safta sensitive list: FBR objects to duty cut on 32 tariff lines

Pakistan has formally decided to trim 233 tariff lines from the sensitive list under South Asia Free Trade Agreement (Safta) and make 20 per cent reduction in customs duty on imports of these items to further liberalise its trading regime with her neighbouring countries, it is learnt. more... (D)

Company & Sector Update

Fate of Mashal LNG project unclear

The fate of multi-billion-dollar Mashal liquefied natural gas (LNG) import project hangs in the balance after the Oil and Gas Regulatory Authority (Ogra), while pushing ahead with a different project, permitted three LNG importers to use the pipeline network of state-run companies for gas supply. more... (ET)

Corporate results: Engro profits surge 34%

Engro Corporation’s profits rose 34% to Rs5.4 billion during January to September 2011 as its single train fertiliser plant, which is the largest in the world, made its first impact on the company’s financial statements. more... (ET)

Informal sector grows faster than formal economy


The informal sector in Pakistan has grown more rapidly than the formal economy over the last three decades and while estimates vary a great deal, the size of the informal sector is not less than one-third of the country’s gross domestic product (GDP). more... (ET)

Fauji Fertilizer profits double on higher prices

Fauji Fertilizer Company’s net profit almost doubled to Rs13.8 billion in the first nine months of 2011 as higher prices acted as a major factor. more... (ET)

Political

CJ orders Railways chief to send corruption cases to NAB

A Supreme Court hearing on the state of affairs in Pakistan Railways exposed on Monday an amazing tale of ineptness where one of the largest state entities was turned into a cesspool of corruption in a systematic and deliberate manner. more... (D)

US seeks help from Pakistan in Afghan peace effort: NYT

The United States is now relying on Pakistan to help broker a peace deal in Afghanistan with the Haqqani network that Washington accuses of mounting attacks on Americans, The New York Times reported Monday. more... (BR)

Afghans, Pakistan may use talks to ease tensions: Turkey

Afghanistan and Pakistan have a chance at talks in Istanbul to end the blame game over a series of militant attacks that have deepened their mutual mistrust, officials from the Turkish host government said on Monday. more... (ET)

We almost agree with all US demands: Gilani

Prime Minister Yousuf Raza Gilani has said he had a lengthy meeting with US Secretary Hillary Clinton during her visit to Pakistan and the two leaders 'almost agreed' on all points demanded by the US. more... (TN)

GCC

Saudi business activity rebounds

Activity in Saudi Arabia’s non-oil private sector increased at a faster pace in October boosted by a rise in new orders, data from a survey by the Saudi British Bank and Matkit Economics showed Monday. more... (Gulf Base)

Enforcement critical in emerging markets

Dubai There is no single, easy solution for the challenge of strengthening corporate governance in emerging markets. Each market is economically and politically distinctive and each will have to customise their own solutions to meet international standards. more... (Zawya)

Kuwait's crude oil exports to Japan jump 59.2 pct

Kuwait's crude oil exports to Japan surged 59.2 percent in September from a year earlier to 9.59 million barrels, or 320,000 barrels per day (bpd), for the first increase in two months, the government said Monday. The figure was the highest since July, when its shipments hit 10. more... (Zawya)

Oman: Construction sector to cement ties with SMEs

Strengthening the role of local stakeholders in the growing construction industry in the Sultanate has to be adopted as a core strategy in the coming period, according to Oman Society of Contractors (OSC), the apex body of contractors and builders in Oman. more... (Zawya)

Quote of the Day:

“ Without the strength to endure the crisis, one will not see the opportunity within. It is within the process of endurance that opportunity reveals itself. ”

Chin-Ning Chu

 
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
28-Oct-11
31-Oct-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
80.02
-0.20%
13.19%
13.25%
5.90
     
28-Oct-11
31-Oct-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
940.29
974.19
33.89

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.51
11.61
11.66
11.72
Offer
12.01
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
11.80
11.80
11.80
11.80
Low  
11.70
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
86.80
122.00
1.12
141.50
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
12.05
12.01
12.06
12.01
10 Y-PIB
12.04
12.00
12.05
12.00

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.03
2.02
2.14
2.44
4.42
8.88
12.00
Change bps
-2.00
-16.00
-15.00
-17.00
-9.00
3.20
0.00

Commodities

     
31-OCT-11
01-Nov-11
change
WTI (USD/bbl)    
92.57
92.41
-0.17%
     
Brent (USD/bbl)    
108.76
108.89
0.12%
     
Arab Light (USD/bbl)    
108.75
107.35
-1.29%

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
51,018.26
50,670.27
0.69%
Rice IRRI -6(Rs/100kg)
3,090.00
3,093.00
-0.10%
KCA Cotton (Rs/mound)
5,750.00
5,900.00
-2.54%
International
Current
Previous
Change
Coal Spot(USD/ton)
116.45
118.80
-1.98%
Gold Futures
1,721.50
1,710.90
0.62%
Sugar 11 (USD/lb)
25.77
26.15
-1.45%
Steel (USD/ton)
669.49
665.99
0.52%
Wheat (CBT) (USD/bu)
628.25
644.50
-2.52%
PTA (USD/ton)
1,140.00
1,090.00
4.95%
Copper (USD/ton)
7,981.50
8,169.50
-2.30%

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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.