BasedLine

Date: 18-November-2011
KSE-100 Index
Previous Index 11,992.77
Current Index 11,913.42
Change % -0.66%
YTD (CY11) -0.91%
YTD (FY12) -4.66%
KSE-100 Index
Previous Index 22,136.30
Current Index 22,040.78
Change % -0.43%
YTD (CY11) 17.21%
YTD (FY12) 5.28%
International Indicators
 
Close
%age
BSE-30 16,461.70 -1.87
HANGSENG 18,817.50 -0.76
NIKKEI 225 8,479.63 0.19
FTSE 5,423.14 -1.56
DJIA 11,770.70 -1.13
SSEC 2,466.96 -2.48
NASDAQ 2,587.99 -1.96
 
Close
%age
TASI 6,219.95 -0.13
KSE(Kuwait) 5,857.80 -0.23
BSE 1,168.30 0.79
MSM 5,521.17 -0.20
ADX 2,473.57 -0.08
DFM 1,379.05 -0.58
QSE 8,743.86 -0.05
Capital Market Overview

Market Watch: KSE-100 dips by 79 points to two-month low

The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell to a two-month low by 0.66% or 79.35 points to close at 11,913.42 on Thursday after remaining stagnant for three days in a row. more... (ET)

NAVs and Returns
as of November 17, 2011
Funds Offer Redemption
POGSF
10.1333/-
10.1333/-
YTD Return
13.15%
POAIIF
52.5017/-
51.9767/-
YTD Return
14.65%
POAAAF
48.51/-
47.30/-
YTD Return
-6.37%
POIAAF
54.94/-
53.57/-
YTD Return
2.53%
POAF
10.69/-
YTD Return
11.26%
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
33.49
2,880
23.33
1.89
-0.91%
KSE30
6.80
584
15.25
1.75
-2.67%
KMI30
5.05
435
10.22
1.39
17.21%
KSE All
36.08
3,103
28.66
1.91
-1.46%
November 17 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
160.04
112.65
-19.70%
OGDC
14.50
155.01
125.64
1.32%
UBL
2.00
57.63
43.33
-6.91%
LUCK
1.70
82.46
36.83
16.40%
November 17 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
25.94
-35.75
-9.80
Foreign Corporates
3,047.92
-1,471.36
1,576.56
Overseas Pakistani
205.94
-258.04
-52.11
Grand Total
3,279.80
-1,765.15
1,514.64
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
16-Nov-11
17-Nov-11
Change
Gross Buy
638.92
-37.54%
25.62
-3.47%
2.25
3.28
45.45%
Gross Sell
-733.13
22.21%
-22.90
-27.90%
-4.10
-1.77
-56.94%
Net Buy/(Sell)
-95.36
-121.73%
2.75
-152.06%
-1.84
1.51
-182.14%
S.C.R.A
Country
During the Period FY12TD
16-11-2011
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
4.34
-
-
8.83
-
-
-4.49
0.06
-
0.06
Luxembourg
11.95
-
-
33.07
-
-
-21.12
-
0.39
-0.39
Switzerland
12.68
0.35
-
22.93
0.53
-
-10.43
1.15
-
1.15
UAE
2.05
0.52
-
3.32
4.18
-
-5.46
-
-
-
UK
21.67
0.16
-
77.50
0.29
-
-55.98
-
0.49
-0.49
USA
84.05
-
-
132.17
-
0.85
-48.96
1.47
9.43
-7.96
Total
169.30
1.03
-
298.94
5.00
0.85
-135.02
2.73
10.31
-7.58
News Clippings
Economy

Forex: Reserves flat at $17.03 billion

Pakistan’s foreign exchange reserves were flat at $17.03 billion for the week ending November 11, unchanged from the previous week, the central bank said on Thursday. more... (ET)

Alarming: Foreign investment falls 58.4% in July-Oct FY12

Direct and portfolio foreign investment in Pakistan fell 58.4% in the first four months (July-October) of the 2011/12 fiscal year to $238.1 million, the central bank said on Thursday. more... (ET)

Circular debt in power sector reaches Rs 664.52 billion

Special Parliamen-tary Committee on Energy Crisis was informed here on Thursday that circular debt in the power sector has reached at Rs 664.527 billion with Rs 367 billion payable by PEPCO and Rs 299 billion in receivable category. more... (DT)

Rice exports to increase in near future

Rice Exporters Association of Pakistan (REAP) Vice Chairman, Safder Hussain Mehkri said that Pakistan will enhance its rice export in the beginning of 2012 to meet the demand of traditional buyers. more... (BR)

Company & Sector Update

Rental projects case: SC orders Reshma power plant to pay up Rs4.5b today

The Supreme Court on Thursday ordered private Reshma Rental Power Plant to pay up by Friday the sum of Rs4.5 billion that it had earlier received as mobilisation advance. more... (ET)

Textile mills output falls 35% after 3-day gas cut

Spinning and weaving industries, while rejecting gas supply suspension for three days in a week, have said the energy shortage has affected 35 per cent of production capacity and investment worth billions of rupees. more... (ET)

MD PSO: Fourth candidate mysteriously added to short-list

Some lobbies have apparently become active in appointing a candidate of their choice as managing director (MD) Pakistan State Oil (PSO), a candidate not on the list of people shortlisted by the Petroleum Ministry. more... (ET)

Price controls: Equalisation tax on fertiliser plants under study

The government is studying a proposal to slap an equalisation tax on fertiliser plants running on gas in an effort to check unhealthy rise in fertiliser prices and windfall gains being made by manufacturers. more... (ET)

Political


Estranged allies: In London, Mirza keeps PPP, MQM on their toes

While controversial Dr Zulfiqar Mirza stuck to his guns on Thursday and submitted what he insisted was “evidence” against the MQM to the Scotland Yard, the Muttahida Qaumi Movement walked out of the National Assembly in protest. more... (ET)

Vying for support: Nawaz, Qureshi to ‘meet soon’

PML-N Chief Nawaz Sharif on Thursday announced that his meeting with former PPP stalwart Shah Mehmood Qureshi is scheduled for November 22. more... (ET)

Decision on resigning from assemblies not yet finalized: Nawaz

Chief of Pakistan Muslim League Nawaz (PML-N) Nawaz Sharif has said that the decision on resigning en bloc from the national and provincial assemblies had not yet been finalized. more... (BR)

Zardari assures MQM of action against Memon

President Asif Ali Zardari appears to have succeeded in pacifying the Muttahida Qaumi Movement on Thursday after assuring his party`s coalition partner that disciplinary action would be taken against Sindh Information Minister Sharjeel Memon. more... (D)

GCC

Syria suspended but Arabs to keep contacts: diplomat

Syria has been suspended from the Arab League over its violent suppression of anti-regime protests but the organisation remains in contact with Damascus, Arab diplomats told AFP on Thursday. more... (Zawya)

US proposal to double fuel efficiency

The Obama administration proposed on Wednesday doubling auto fuel efficiency to 54.5 miles per gallon by 2025, a White House energy priority that has come under scrutiny in Congress. more... (Gulf News)

Bourses could see another bounce

Last week, Italy moved to the forefront of the Eurozone debt crisis as the yield on its 10-year bonds rose above seven per cent, thereby making new debt to replace maturing debt that much more expensive, and therefore unsustainable. more... (Gulf News)

Emirates sticks to growth plan

As fuel prices continue to play havoc with airlines across the world, Emirates remains optimistic and firm about its future growth strategy, according to Shaikh Ahmad Bin Saeed Al Maktoum, President of Dubai Civil Aviation and Chairman and Chief Executive of Emirates airline and Group. more... (Gulf News)

Quote of the Day:

"Whenever there is a hard job to be done I assign it to a lazy man; he is sure to find an easy way of doing it.” Walter Chrysler

 
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-Oct 11)
$238.1mn
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
16-Nov-11
17-Nov-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
80.485
0.13%
13.18%
13.14%
-3.30
     
16-Nov-11
17-Nov-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,019.72
1,045.16
25.44

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.51
11.60
11.66
11.75
Offer
12.01
11.85
11.91
12.25

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.00
11.30
11.80
11.85
11.85
11.75
Low  
9.25
11.20
11.70
11.75
11.70
11.50

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
87.20
117.09
1.14
136.99
23.82
1.69
0.69

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.70
11.76
11.84
Last Cut Off.
11.78
11.81
11.88
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.42
12.40
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
0.95
1.89
1.97
2.23
4.03
8.81
12.18
Change bps
-1.00
8.00
-3.00
7.00
-1.00
-7.10
0.00

Commodities

     
16-Nov-11
17-Nov-11
change
WTI (USD/bbl)    
102.04
98.67
-3.30%
     
Brent (USD/bbl)    
111.37
108.22
-2.83%
     
Arab Light (USD/bbl)    
112.77
109.84
-2.60%

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
49,455.73
50,312.85
-1.70%
Rice IRRI -6(Rs/100kg)
3,154.00
3,155.00
-0.03%
KCA Cotton (Rs/mound)
5,700.00
5,500.00
3.64%
International
Current
Previous
Change
Coal Spot(USD/ton)
114.85
115.90
-0.91%
Gold Futures
1,721.78
1,769.95
-2.72%
Sugar 11 (USD/lb)
24.04
24.52
-1.96%
Steel (USD/ton)
669.37
667.36
0.30%
Wheat (CBT) (USD/bu)
612.00
643.00
-4.82%
PTA (USD/ton)
1,095.00
1,140.00
-3.95%
Copper (USD/ton)
7,517.75
7,608.00
-1.19%

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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.