BasedLine

Date: 14-November-2011
KSE-100 Index
Previous Index 11,969.05
Current Index 12,019.32
Change % 0.42%
YTD (CY11) -0.03%
YTD (FY12) -3.81%
KSE-100 Index
Previous Index 22,076.09
Current Index 22,208.09
Change % 0.60%
YTD (CY11) 18.10%
YTD (FY12) 6.08%
International Indicators
 
Close
%age
BSE-30 17,192.80 -1.00
HANGSENG 19,137.20 0.91
NIKKEI 225 8,514.47 0.16
FTSE 5,545.38 1.85
DJIA 12,153.70 2.19
SSEC 2,481.08 1.63
NASDAQ 2,678.75 2.04
 
Close
%age
TASI 6,257.27 0.07
KSE(Kuwait) 5,868.50 -0.71
BSE 1,154.20 -0.44
MSM 5,566.41 -0.12
ADX 2,492.33 0.58
DFM 1,392.71 0.72
QSE 8,741.50 0.44
Capital Market Overview

Market Watch: Bourse suspends trading 15 minutes before close

The Karachi Stock Exchange’s (KSE) benchmark 100-share index rose 0.42 per cent or 50.27 points to 12,019.32 point level at 4.15pm. more... (ET)

NAVs and Returns
as of November 11, 2011
Funds Offer Redemption
POGSF
10.1188/-
10.1188/-
YTD Return
13.40%
POAIIF
52.3660/-
51.8423/-
YTD Return
14.56%
POAAAF
48.89/-
47.67/-
YTD Return
-5.64%
POIAAF
55.18/-
53.80/-
YTD Return
2.97%
POAF
10.70/-
YTD Return
11.79%
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
33.97
2,921
35.04
2.78
-0.03%
KSE30
6.88
592
24.77
2.64
-1.85%
KMI30
5.10
439
12.41
1.48
18.10%
KSE All
36.59
3,146
39.66
2.80
-0.56%
November 11 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
160.41
112.58
1.13%
OGDC
14.50
154.62
125.57
-34.85%
UBL
2.00
56.03
40.30
1.13%
LUCK
1.70
82.15
36.81
1.13%
November 11 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
50.13
-54.12
-3.99
Foreign Corporates
3,298.83
-3846.47
-547.64
Overseas Pakistani
222.14
-175.78
46.36
Grand Total
3,571.10
-4,076.38
-505.28
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
10-Nov-11
11-Nov-11
Change
Gross Buy
631.17
-37.86%
17.87
-71.76%
7.23
3.57
-50.60%
Gross Sell
-724.08
21.19%
-13.85
-68.63%
-4.60
-4.08
-11.40%
Net Buy/(Sell)
-94.04
-121.67%
4.07
-79.23%
2.63
-0.51
-119.22%
S.C.R.A
Country
During the Period FY12TD
04-11-2011
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
4.27
-
-
8.67
-
-
-4.40
0.04
1.12
-1.08
Luxembourg
11.74
-
-
32.59
-
-
-20.85
0.89
1.63
-0.74
Switzerland
11.39
0.35
-
22.93
0.53
-
-11.71
0.47
1.25
-0.79
UAE
2.05
0.52
-
3.32
4.18
-
-5.46
0.06
0.32
-0.26
UK
21.08
0.16
-
75.02
0.29
-
-54.10
0.23
2.08
-1.85
USA
76.53
-
-
120.75
-
0.85
-45.07
5.21
6.41
-1.19
Total
159.56
1.03
-
284.31
5.00
0.85
-130.13
7.78
16.45
-8.67
News Clippings
Economy


Talks to begin Monday for promoting trade with India

Two day Commerce Secretary level talks between India and Pakistan would be held on Monday in New Delhi with special focus on boosting trade between the two countries. more... (D)

Faltering NFC tax revenue targets

The tax collection, both at federal and provincial levels, is not encouraging and if this state of affairs continues it may not be possible to achieve 15 per cent tax-to-GDP ratio by the terminal year i.e. 2014-15. more... (D)

“Resolving circular debt: The bond market likes Asim Hussain’s plan

These are not normal times in the global bond market, and Karachi appears to be no different from its larger and more complex counterparts around the world. more... (ET)

Weekly Review: Stock market gains 82 points in dull sessions

Investors seemed to still be in the holiday spirit as the shortened two-day week witnessed low interest, activity and news flow.more... (ET)

Company & Sector Update

Gas price with Iran to be reviewed

Pakistan will renegotiate a price agreement with Iran for the 750 million cubic feet per day (MMCFD) of natural gas it planned to import by December 2014 under a $3.6 billion pipeline deal. The talks will be held on the basis of the lower gas price parameters ‘finalised’ with Turkmenistan . more... (D)

Banking spread in a new mode

Banking spread has started falling after decline in commercial interest rates because of policy rate cuts by the State Bank of Pakistan and the need of banks to expand their deposit base. more... (D)

CDA to spend Rs 40m for preservation of Sadhu Ka Bagh

Capital Development Authority (CDA) is making concrete efforts to conserve archaeological sites and historical trees in the vicinity of the federal capital to help promote rich old culture of the area. more... (DT)

PSMA happy over sugar tender by TCP

The Pakistan Sugar Mills Association (PSMA) has greatly appreciated the tender issued by the Trading Corporation of Pakistan (TCP) for procurement of 200,000 tons of sugar, which would "greatly help and support the growers. more... (BR)

Political

Unconstitutional moves to be foiled, says Gilani

Prime Minister Yousuf Raza Gilani warned the opposition on Sunday that the elected government would not tolerate any unconstitutional step and that it should not misconstrue the policy of reconciliation as a sign of weakness. more... (D)

Imran says he won’t allow any militant group to operate from Pakistan

Cricketer-turned-politician Imran Khan has said his party will ensure that no militant groups operate from Pakistani soil if it comes to power, but stopped short of committing himself to action against the Jamaatud Dawa, and its leader Hafiz Saeed due to the threat posed to politicians by extremists . more... (D)

Malik denies arrests in Imran Farooq murder case

Interior Minister Rehman Malik has rejected a claim made by London police that two suspects had been arrested in Pakistan in connection with the murder of MQM leader Dr Imran Farooq. more... (D)


Punjab politics: Qureshi asks supporting MPAs to form forward bloc

Shah Mehmood Qureshi seems to like keeping his options open. Even though most sources suggest he is about to join Imran Khan’s Pakistan Tehreek-e-Insaaf, Qureshi has apparently not quite finished negotiating with the Pakistan Muslim League Nawaz. more... (ET)

GCC

South Africa-UAE trade to expand

South Africa remains the UAE's key business and investment partner, with total bilateral trade reaching almost $2 billion (Dh7 billion) so far, top officials said yesterday .more... (Gulf News)

Gulf banks' profit, loan growth likely to remain under pressure

The financial crisis of 2008-09 and the preceding boom have left a large share of Gulf banks' loan portfolios impaired. The 2011 third quarter results of regional banks show that even after three years into the global crisis. more... (Gulf News)

Blow to Rafale as UAE eyes Eurofighter

The export hopes for France's Rafale fighter jet were dealt a heavy setback on Sunday after it emerged that the United Arab Emirates was considering buying the rival Eurofighter Typhoon for its air force.. more... (Zawya)

Syria seeks urgent meeting with Arab leaders

The Syrian government has asked for an emergency meeting of Arab leaders following the threat by the Arab League to suspend Damascus. more... (Zawya)

Quote of the Day:

“Leadership does not always wear the harness of compromise.”Woodrow Wilson

 
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 (Oct-11) 11.0%
   
CPI Gen. - FY11 (Jul 11- Oct 11) 11.3%
   
NFNE Core INFL - YoY (Oct 11) 10.5%
   
NFNE Core INFL -FY11 (Jul 11 - Oct 11) 10.2%

Money Market

 
Price
Change
11-Nov-11
10-Nov-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
80.43
-0.01%
13.14%
13.14%
0.20
     
11-Nov-11
10-Nov-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
996.47
1,001.15
-4.68

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.54
11.61
11.66
11.73
Offer
12.04
11.86
11.91
12.23

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.90
11.80
11.85
11.80
11.85
11.75
Low  
11.80
11.70
11.75
11.70
11.70
11.50

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
86.63
116.34
1.12
137.00
23.60
1.69
0.65

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.70
11.74
11.86
Last Cut Off.
11.78
11.81
11.88
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.35
12.27
12.26
12.19
10 Y-PIB
12.20
12.18
12.16
12.24

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.98
1.89
2.13
2.29
4.19
8.94
12.18
Change bps
1.00
11.00
7.00
6.00
6.00
3.60
2.00

Commodities

     
10-Nov-11
11-Nov-11
change
WTI (USD/bbl)    
98.17
98.18
1.03%
     
Brent (USD/bbl)    
113.47
114.58
0.98%
     
Arab Light (USD/bbl)    
112.79
114.17
1.22%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
94.15
92.64
1.63%
Furnace Oil (Rs/ton)
71,680.64
69,111.64
3.72%
Cement (Rs. Bag Avg)
418.25
417.63
0.15%
Urea Fertilizer (Rs/bag)
1,809.50
1,789.50
1.12%
Gold 24cr (Rs./10gm) Khi
52,121.37
51,341.39
1.52%
Rice IRRI -6(Rs/100kg)
3,205.00
3,112.00
2.99%
KCA Cotton (Rs/mound)
5,450.00
5,550.00
-3.48%
International
Current
Previous
Change
Coal Spot(USD/ton)
115.90
116.45
-0.47%
Gold Futures
1,793.80
1,766.20
1.56%
Sugar 11 (USD/lb)
25.00
25.39
-1.54%
Steel (USD/ton)
667.15
667.36
-0.03%
Wheat (CBT) (USD/bu)
646.00
643.00
0.47%
PTA (USD/ton)
1,095.00
1,140.00
-3.95%
Copper (USD/ton)
7,620.50
7,608.00
0.16%

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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.