BasedLine

Date: 17-November-2011
KSE-100 Index
Previous Index 11,994.01
Current Index 11,992.77
Change % -0.01%
YTD (CY11) -0.25%
YTD (FY12) -4.03%
KSE-100 Index
Previous Index 22,193.12
Current Index 22,136.30
Change % -0.26%
YTD (CY11) 17.72%
YTD (FY12) 5.73%
International Indicators
 
Close
%age
BSE-30 16,775.90 -0.63
HANGSENG 18,960.90 -2.00
NIKKEI 225 8,463.16 -0.92
FTSE 5,509.02 -0.15
DJIA 11,905.60 -1.58
SSEC 2,466.96 -2.48
NASDAQ 2,639.61 -1.73
 
Close
%age
TASI 6,219.95 -0.13
KSE(Kuwait) 5,871.30 -0.14
BSE 1,159.11 0.74
MSM 5,532.08 -0.07
ADX 2,475.57 -0.18
DFM 1,387.13 -0.08
QSE 8,748.57 0.06
Capital Market Overview

Market Watch: Bourse ends flat for third straight day

For a third day in a row, the stock market closed flat on Wednesday as lack of triggers pushed aside any major participation. The Karachi Stock Exchange’s (KSE) benchmark 100-share index crawled down 0.01 per cent or 1.24 points to end at 11,992.77 points. more... (ET)

NAVs and Returns
as of November 16, 2011
Funds Offer Redemption
POGSF
10.1309/-
10.1309/-
YTD Return
13.19%
POAIIF
52.4306/-
51.9063/-
YTD Return
14.37%
POAAAF
48.69/-
47.47/-
YTD Return
-6.04%
POIAAF
54.99/-
53.62/-
YTD Return
2.62%
POAF
10.69/-
YTD Return
11.34%
Funds Rating
AMC
AM3
POAIIF
A+ (f)
POAF
AA-
POAAAF
3 Star
POIAAF
5 Star
  Oct -11 Sep-11
MoM (%)
AUM's (PKR bn) 260.17 223.19 16.57%
No of AMCs 26 26 -
No of Funds 124 125 -0.80%
KSE Market Data
KSE Market Data
Capitalization
Volume
Traded Val.
KSE Return
 
(USD bn)
(Rs. bn)
(Sh. mn)
(Rs.bn)
(YTD)
KSE100
33.71
2,899
41.80
3.09
-0.25%
KSE30
6.83
587
26.04
2.83
-2.19%
KMI30
5.08
437
16.75
1.96
17.72%
KSE All
36.31
3,123
51.34
3.13
-0.81%
November 16 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
159.63
112.65
-19.90%
OGDC
14.50
155.90
125.64
1.90%
UBL
2.00
58.10
43.33
-6.15%
LUCK
1.70
82.80
36.83
16.88%
November 16 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
71.28
-94.00
-22.71
Foreign Corporates
1,844.72
-3,748.88
-1,904.17
Overseas Pakistani
338.96
-255.97
83.00
Grand Total
2,254.96
-4,098.85
-1,843.88
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
15-Nov-11
16-Nov-11
Change
Gross Buy
633.71
-37.85%
22.41
-10.47%
1.26
2.25
78.41%
Gross Sell
-731.40
21.92%
-21.17
-30.69%
-1.11
-4.10
269.45%
Net Buy/(Sell)
-96.86
-122.07%
1.25
-122.42%
0.15
-1.84
-1293.74%
S.C.R.A
Country
During the Period FY12TD
15-11-2011
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
-
-
8.83
-
-
-4.55
-
0.16
-0.16
Luxembourg
11.95
-
-
32.68
-
-
-20.73
-
0.07
-0.07
Switzerland
11.52
0.35
-
22.93
0.53
-
-11.58
0.09
-
0.09
UAE
2.05
0.52
-
3.32
4.18
-
-5.46
-
-
-
UK
21.67
0.16
-
77.01
0.29
-
-55.49
0.60
1.72
-1.12
USA
82.58
-
-
122.74
-
0.85
-41.00
0.00
1.26
-1.26
Total
166.57
1.03
-
288.63
5.00
0.85
-127.44
0.69
3.21
-2.52
News Clippings
Economy

IMF talks: Govt agrees to revise trade projections downwards

Pakistan has agreed to revise its projections downwards for international trade, which will inflate the gap between external receipts and payments by another $1.2 billion. more... (ET)

Global stock markets under pressure

Global stock markets were under pressure Wednesday as the eurozone debt crisis continued to push most European government borrowing costs dangerously higher. more... (BR)

FBR provisional collection stands at Rs534.043 billion

The Federal Board of Revenue has provisionally collected Rs 534.043 billion during first five months (July-November) of 2011-12 against Rs 424.923 billion in the corresponding period last fiscal, reflecting an increase of 25.7 percent. more... (BR)

KESC attempts malafide practice to acquire Rs 54m

Besides ensuring recovery from electricity defaulters and controlling the kunda system in Karachi.more... (DT)

Company & Sector Update

Sindh inks energy deals with Chinese companies

Sindh Coal and Energy Department has been able to attract attention of two large Chinese energy companies – China Three Gorges Corporation and Orient Group. more... (ET)

Finance ministry asked to guarantee oil supply payments

As the power sector continues to default on payments to Pakistan State Oil (PSO), the Ministry of Petroleum has asked the finance ministry to guarantee the cost of oil supplies to power companies on a daily basis. more... (ET)

Fatima Fertilizer added to global stock index

Fatima Fertilizer has joined the ranks of other top local companies as it has been added to Morgan Stanley Capital International (MSCI) Pakistan Index and MSCI Frontier Index from November 30, according to latest MSCI quarterly review. more... (ET)

Cotton market witnesses bullish trading session

The Karachi cotton market witnessed a bullish trading session with strong physical prices and firm spot rate on back of growing demand for lint, traders at the Karachi Cotton Association (KCA) said on Wednesday. more... (DT)

Political


MQM pushes PPP to take action against Mirza, associates

Terming the former Sindh home minister “part of the PPP family”, Prime Minister Yousaf Raza Gilani refused to disown the fiery Dr Zulfiqar Mirza. more... (ET)

Pakistan's Ambassador to US, Husain Haqqani offers resignation

Sources say Ambassador Husain Haqqani has offered to resign from his post as Pakistan’s Ambassador to the United States. more... (ET)

Copper-gold project: Balochistan refuses to grant mining licence for Reko Diq

The Balochistan Mining Committee has refused to grant a mining licence to Tethyan Copper Company (TCC) for the Reko Diq project. more... (ET)


PPP, MQM agree to implement new LG system.

Pakistan People’s Party (PPP) and Muttahida Qaumi Movement (MQM), on Wednesday agreed to implement a new local government (LG) system in Sindh with mutual consultation, in accordance with aspirations of the people.
. more... (DT)

GCC

Shell pulls out of Kurdistan oil talks

Royal Dutch Shell has pulled out of oil-development talks with the Kurdistan regional government in an effort to protect lucrative investments in southern Iraq, including a potential $17bn natural gas deal .more... (Zawya)

UAE criticises Dassault's Rafale terms

France's bid to sell fighter jets to the United Arab Emirates suffered its second blow in less than a week on Wednesday when Sheikh Mohammed bin Zayed, Abu Dhabi's crown prince, criticised Dassault, maker of the Rafale aircraft, and its terms for a deal. more... (Zawya)

Al Ansari to make helicopters in UAE

A new manufacturing facility will be developed on a 40,000 square metre plot in Umm Al Quwain, according to Yousuf Al Ansari, chief executive officer of the new Quest Helicopters. more... (Gulf News)

Etihad on track to break even this year

Etihad Airways, the national carrier of the UAE, is on track to break even this year, the airline's chief financial officer James Rigney said yesterday. more... (Gulf News)

Quote of the Day:

It makes no sense to worry about things you have no control over because there's nothing you can do about them, and why worry about things you do control? The activity of worrying keeps you immobilized.” Wayne Dyer

 
Economic Highlights
Economic Indicators
GDP Growth FY12E
4.20%
GDP -2011
$180 bn
Per Capita Income FY11
$1,250
Population
177.1mn
US$ Reserves (Nov 14, 2011)
$17.03 bn
Trade Balance ( July-Oct 11)
$-6.82bn
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 (Nov 04, 2011)
Rs785.68bn
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
16-Nov-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
80.38
-0.02%
13.16%
13.18%
1.60
     
15-Nov-11
16-Nov-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,021.32
1,019.72
-1.60

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.50
11.61
11.66
11.75
Offer
12.00
11.86
11.91
12.25

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
9.25
11.30
11.80
11.80
11.85
11.75
Low  
9.10
11.20
11.70
11.70
11.70
11.50

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
87.00
116.79
1.14
136.75
23.75
1.69
0.68

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.72
11.78
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
12.35
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
1.81
2.00
2.16
4.04
8.88
12.18
Change bps
0.00
3.00
-2.00
1.00
1.00
0.00
0.00

Commodities

     
15-Nov-11
16-Nov-11
change
WTI (USD/bbl)    
98.48
102.04
3.61%
     
Brent (USD/bbl)    
111.62
111.37
-0.22%
     
Arab Light (USD/bbl)    
114.75
112.77
-1.73%

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
50,312.85
50,527.13
-0.42%
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
1,759.90
1,767.80
-0.45%
Sugar 11 (USD/lb)
24.52
24.81
-1.17%
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.