BasedLine

Date: 16-November-2011
KSE-100 Index
Previous Index 12,008.48
Current Index 11,994.01
Change % -0.12%
YTD (CY11) -0.24%
YTD (FY12) -4.02%
KSE-100 Index
Previous Index 22,273.95
Current Index 22,193.12
Change % -0.36%
YTD (CY11) 18.02%
YTD (FY12) 6.00%
International Indicators
 
Close
%age
BSE-30 16,882.70 -1.38
HANGSENG 19,348.40 -0.82
NIKKEI 225 8,541.93 0.72
FTSE 5,517.44 -0.03
DJIA 12,096.20 0.14
SSEC 2,528.71 1.92
NASDAQ 2,686.20 0.14
 
Close
%age
TASI 6,227.79 -0.16
KSE(Kuwait) 5,879.70 0.16
BSE 1,150.64 0.05
MSM 5,536.17 -0.41
ADX 2,480.07 -0.27
DFM 1,388.23 0.03
QSE 8,743.00 -0.25
Capital Market Overview

Market watch: Edgy politics forces players to sidelines

The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.12 per cent or 14.47 points to end at 11,994.01 points.more... (ET)

NAVs and Returns
as of November 15, 2011
Funds Offer Redemption
POGSF
10.1271/-
10.1271/-
YTD Return
13.18%
POAIIF
52.4171/-
51.8929/-
YTD Return
14.40%
POAAAF
48.74/-
47.52/-
YTD Return
-5.94%
POIAAF
55.04/-
53.66/-
YTD Return
2.70%
POAF
10.69/-
YTD Return
11.18%
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
33.72
2,900
42.56
2.44
-0.24%
KSE30
6.84
589
25.23
2.16
-1.99%
KMI30
5.09
438
14.77
1.16
18.02%
KSE All
36.31
3,123
49.27
2.48
-0.79%
November 15 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
160.03
112.65
-19.70%
OGDC
14.50
154.98
125.64
1.30%
UBL
2.00
57.98
43.33
-6.35%
LUCK
1.70
83.17
36.83
17.41%
November 15 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
27.30
-38.71
-11.41
Foreign Corporates
959.61
-858.34
-101.27
Overseas Pakistani
276.99
-212.39
64.60
Grand Total
1,263.90
-1,109.44
154.46
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
14-Nov-11
15-Nov-11
Change
Gross Buy
633.51
-37.90%
20.21
-70.13%
1.13
1.26
12.13%
Gross Sell
-727.39
21.58%
-17.17
-61.80%
-2.29
-1.11
-51.46%
Net Buy/(Sell)
-95.03
-121.72%
3.07
-86.77%
-1.16
0.15
-113.34%
S.C.R.A
Country
During the Period FY12TD
14-11-2011
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
11.95
-
-
32.61
-
-
-20.66
1.09
1.65
-0.55
Switzerland
11.43
0.35
-
22.93
0.53
-
-11.68
0.50
1.25
-0.75
UAE
2.05
0.52
-
3.32
4.18
-
-5.46
0.06
0.32
-0.26
UK
21.08
0.16
-
75.29
0.29
-
-54.37
0.23
2.35
-2.11
USA
82.58
-
-
121.48
-
0.85
-39.74
11.26
7.13
4.13
Total
165.88
1.03
-
285.42
5.00
0.85
-124.92
14.10
17.56
-3.46
News Clippings
Economy

Separate EDF likely for textile industry

The government is likely to establish a separate Export Development Fund (EDF) for textile industry to boost the country's textile exports. more... (BR)

Balochistan traders welcome SAARC’s trade decision

The Central Trade Union of Balochistan has widely welcomed the decision of SAARC counties regarding the increase in the volume of trade with member countries.more... (BR)

A new measure towards resolving circular debt

The government intends to request the World Bank and the Asian Development Bank (ADB) for a loan of one billion dollars each to resolve the so far intractable energy sector circular debt.more... (BR)

Number of small accounts shrinks: Bank deposits declining

The State Bank wants to see an increase in the number of account holders, but persistent double digit inflation has eroded the capacity of middle and lower middle class to remain liquid with their accounts in banks.more... (D)

Company & Sector Update

Weather report: Petroleum ministry warns of imminent oil crisis

The largest oil marketing company’s receivables from its clients, mainly the power sector, stood at Rs172.4 billion while its payables to local as well as international fuel suppliers at Rs134.2 billion as of November 15. more... (ET)

‘Pakistan can tap global Halal food market’

This was the key remark made by the speakers on the second day of an international conference titled “Emerging Issues in Food Safety” at University of Agriculture, Faisalabad on Tuesday. more... (ET)

Trade boost: India likely to increase engineering goods exports to Pakistan

The city has been exporting goods worth over Rs1 billion every year through Middle Eastern countries to Pakistan, TNN news agency reported on Tuesday. more... (ET)

Oil and gas: Rs1.14b spent on research in eight years

The government has provided around Rs1.14 billion for research activity related to oil and gas exploration over the last eight years, a senior Oil and Gas Deve. more... (ET)

Political


PPP cannot solve problems, says Qureshi

Former foreign minister Shah Mehmood Qureshi, who ended his 18 years of association with the Pakistan People’s Party on Monday, has called for an independent election commission and said it is time to go to the people for a fresh mandate. more... (D)

PML-N hints at en masse resignation

Talking to reporters outside the Supreme Court here on Tuesday, League MNA Khwaja Mohammad Asif said the party leadership was considering the option of quitting the National Assembly and may take a decision to that effect within two months. more... (D)

Imran Farooq murder case: Mirza jets off to London to brief Scotland Yard

Just before taking off for London on Tuesday night, former Sindh home minister Dr Zulfiqar Mirza, dropped another bombshell – he was going to brief the Scotland Yard about the murder of Muttahida Qaumi Movement leader Dr Imran Farooq. more... (ET)


Tired of waiting for ‘clean party’, Bosan flirts with PTI

Influential politician Sikandar Hayat Bosan has suggested that he may join Imran Khan’s Pakistan Tehreek-i-Insaf (PTI), giving the party an additional boost in Southern Punjab as it prepares to welcome former foreign minister Shah Mehmood Qureshi to their side.
. more... (ET)

GCC

Qatar Exchange Up 0.26%

The volume of shares traded up to 5,453,126 from 5,022,684 on Sunday and the value of shares increased to Qatari Riyal (QR) 226,489,245.48 from QR201,767,939.19 Sunday .more... (Zawya)

Amlak wins Dh16.5m lawsuit against an investor

The investor had filed a lawsuit against Amlak, seeking dissolution of the murabaha contract worth Dh17 million signed between him and Amlak. more... (Zawya)

Qatar Airways signs $6.5b deal with Airbus

Qatar Airways finally announced a $6.5 billion (Dh23.8 billion) deal with European planemaker Airbus yesterday at the Dubai Airshow after a frantic day of negotiations and public frustration. more... (Gulf News)

UAE growth to slow as global woes intensify

Europe's worsening debt crisis and weakness in the US economy may slow growth in the United Arab Emirates to around 3 per cent next year, top officials said yesterday. more... (Gulf News)

Quote of the Day:

“ Nothing will ever be attempted if all possible objections must first be overcome.”Samuel Johnson

 
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- Oct 11)
$4.30bn
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
15-Nov-11
14-Nov-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
80.40
0.02%
13.16%
13.16%
-0.30
     
15-Nov-11
14-Nov-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,021.32
1,001.54
19.78

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.51
11.62
11.66
11.75
Offer
12.01
11.87
11.91
12.25

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.50
11.60
11.80
11.80
11.85
11.75
Low  
9.10
11.50
11.70
11.70
11.70
11.50

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
86.77
117.61
1.13
137.36
23.65
1.69
0.67

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.72
11.75
11.85
Last Cut Off.
11.78
11.81
11.88
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.40
12.35
12.27
12.19
10 Y-PIB
12.20
12.18
12.18
12.24

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.96
1.78
2.02
2.15
4.03
8.88
12.18
Change bps
-1.00
0.00
-3.00
-3.00
-6.00
-8.40
0.00

Commodities

     
14-Nov-11
15-Nov-11
change
WTI (USD/bbl)    
98.28
98.48
0.20%
     
Brent (USD/bbl)    
112.41
111.62
-0.70%
     
Arab Light (USD/bbl)    
113.19
114.75
1.38%

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
50,527.13
51,861.40
-0.66%
Rice IRRI -6(Rs/100kg)
3,101.00
3,205.00
-3.24%
KCA Cotton (Rs/mound)
5,450.00
5,550.00
-3.48%
International
Current
Previous
Change
Coal Spot(USD/ton)
114.85
115.90
-0.91%
Gold Futures
1,767.80
1,779.00
-0.63%
Sugar 11 (USD/lb)
24.81
24.75
0.24%
Steel (USD/ton)
669.89
667.36
0.38%
Wheat (CBT) (USD/bu)
647.75
643.00
0.74%
PTA (USD/ton)
1,095.00
1,140.00
-3.95%
Copper (USD/ton)
7,662.75
7,608.00
0.72%

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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.