BasedLine

Date: 02-November-2011
KSE-100 Index
Previous Index 11,868.88
Current Index 11,762.72
Change % -0.89%
YTD (CY11) -2.16%
YTD (FY12) -5.87%
KSE-100 Index
Previous Index 22,166.88
Current Index 21,920.67
Change % -1.11%
YTD (CY11) 16.57%
YTD (FY12) 4.70%
International Indicators
 
Close
%age
BSE-30 17,480.80 -1.27
HANGSENG 19,370.00 -2.49
NIKKEI 225 8835.52 -1.70
FTSE 5,421.57 -2.21
DJIA 11,658.00 -2.48
SSEC 2,445.40 -1.00
NASDAQ 2,606.96 -2.89
 
Close
%age
TASI 6,155.10 -1.11
KSE(Kuwait) 5,916.10 -0.06
BSE 1,146.39 -0.11
MSM 5,582.64 -0.10
ADX 2,496.37 -0.20
DFM 1,382.71 -1.80
QSE 8,529.29 -0.76
Capital Market Overview

Market watch: Bourse falls as investors book profits

Investors opted to book profits as prices stood at elevated levels on Tuesday as the stock market gained 600 points in the last two trading session. more... (ET)

NAVs and Returns
as of November 01, 2011
Funds Offer Redemption
POGSF
10.0967/-
10.0967/-
YTD Return
13.96
POAIIF
52.2267/-
51.7044/-
YTD Return
14.94
POAAAF
48.57/-
47.36/-
YTD Return
-6.25%
POIAAF
54.70/-
53.33/-
YTD Return
2.07%
POAF
10.66/-
YTD Return
11.67%
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
33.13
2,849
67.82
4.78
-2.16%
KSE30
6.71
577
41.47
4.30
-3.92%
KMI30
5.03
432
27.13
3.25
16.57%
KSE All
35.72
3,072
84.40
4.89
-2.55%
November 01 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
154.28
111.71
-22.59%
OGDC
14.50
145.71
124.60
-4.76%
UBL
2.00
55.52
42.97
-10.32%
LUCK
1.70
81.09
36.52
14.47%
November 01 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
15.33
-16.42
-1.09
Foreign Corporates
3,104.29
-1,176.84
-1,927.44
Overseas Pakistani
423.95
-306.75
117.20
Grand Total
3,543.57
-1,500.01
-2,043.56
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
31-Oct-11
01-Nov-11
Change
Gross Buy
616.77
-35.56%
3.46
5.18%
2.52
3.54
40.62%
Gross Sell
-711.69
-28.38%
-1.47
-72.12%
-4.31
-1.50
-65.20%
Net Buy/(Sell)
-96.09
-122.98%
2.02
-201.62%
-1.79
2.04
-214.17%
S.C.R.A
Country
During the Period FY12TD
31-10-2011
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
10.85
-
-
30.96
-
-
-20.11
-
0.06
-0.06
Switzerland
10.92
0.35
-
21.67
0.53
-
-10.93
-
0.52
-0.52
UAE
1.99
0.52
-
3.01
4.18
-
-5.20
0.08
-
0.08
UK
20.85
0.16
-
72.94
0.29
-
-52.25
0.94
0.02
0.91
USA
71.32
-
-
114.35
-
0.85
-43.87
0.04
1.53
-1.49
Total
151.78
1.03
-
267.86
5.00
0.85
-121.46
1.11
2.96
-1.84
News Clippings
Economy

Tax collection target missed by Rs7b

The government has managed to increase tax collection in October but fell Rs7 billion short of the target amid excessive reliance on indirect taxes. more... (ET)

Power issues: Govt willing to ‘hook up’ with India

In its desperate search for solutions to the chronic power crisis, the government is willing to ‘hook up’ with its traditional ‘adversary’. At a meeting chaired by Prime Minister Yousaf Raza Gilani, the government decided to seek a connection between Pakistan and India’s power grids to allow the import of electricity from the country’s larger neighbour. more... (ET)

Foreign firms express interest in Thar coal

There is a lot of interest in Thar coal project from foreign investors and several leading companies from China, United Kingdom and Hong Kong have expressed their interest in coal mining and power generation, said Sindh Board of Investment Chairman Zubair Motiwala on Tuesday. more... (ET)

Gas consumers: Senate panel objects to infrastructure levy

Desperate attempts on the part of the government to collect Rs40 billion annually through a new tax on gas consumers seemed to be fizzling out on Tuesday when a parliamentary panel moved to block passage of the bill in its existing form which undermines constitutional powers of the Senate and provinces. more... (ET)

Company & Sector Update

Why Engro's debt has been good for Fauji

After every earnings report, Fauji Fertilizer, and its subsidiary Fauji Fertilizer Bin Qasim, should send a thank-you note to the Engro Corporation: the latter’s decision to finance its expansion plan through leverage has resulted in an earnings bonanza for the Fauji group, and caused investors to flee from Engro. more... (ET)

Circular Debt: Private sector owes Rs130b in electric bills, Secretary Finance

Secretary Finance, Waqar Masood said on Tuesday that the private sector owes Rs130b to the country’s electricity companies in unpaid bills. more... (ET)

Minister says Steel Mills a liability, wants govt to get rid of it


Federal Minister for Production Anwar Ali Cheema said on Tuesday that the government should rather get rid of the Pakistan Steel Mills, instead of struggling to keep the loss-making entity going. more... (D)

Corporate results: Earnings season ends, but not with a bang

Corporate profits soared by 43% on a yearly basis during the first quarter of fiscal 2012, led by the two usual heavyweights, exploration and production from the energy sector and banks from the services sector. more... (ET)

Political

PPP,MQM agree to bring new LG System-2011

Pakistan Peoples Party (PPP), and Muttahida Qaumi Movement (MQM), has agreed to introduce a single Local Government System-2011 without rural and urban discrimination, prior to expiry on November 6, of the Local Government Ordinance-2001 which had been issued by the Sindh Governor. more... (BR)

Opposition to wait for elections in 2013: Gilani

Prime Minister Syed Yusuf Raza Gilani directed opposition to must follow the constitution and project masses for election in 2013, and demand to early election unwise. more... (BR)

PM directs to pace up mega water projects

Prime Minister Syed Yusuf Raza Gilani on Tuesday expressing concern over delay in the Neelum-Jhelum Hydropower Project, directed the Ministry of Water and Power and WAPDA to work out financial plan in consultation with Finance Ministry to expedite the project. more... (BR)

Trilateral summit: Agreements, but no breakthrough in Istanbul

A trilateral summit between Turkey, Pakistan and Afghanistan found some common ground between Islamabad and Kabul – but, at the same time, served to highlight the continued distrust between the neighbours ahead of an international conference on Afghanistan’s future to start today in Istanbul. more... (ET)

GCC

UAE to select uranium supplier early next year

The UAE will select a uranium supplier for its $20 billion nuclear energy programme in the first half of next year, Hamad Al Kaabi, the UAE's Permanent Representative to the International Atomic Energy Agency, said here Tuesday. more... (Gulf News)

GCC will spend $25b to expand power generation capacity

The Gulf Cooperation Council (GCC) countries are likely to spend up to $25 billion (Dh91.80 billion) over the next decade to install new power generation capacity to meet their burgeoning electricity demand, Adnan Ameen, director-general of the International Renewable Energy Agency (Irena) said here Tuesday. more... (Gulf News)

Oil prices tumble on Greek rescue vote, Chinese data

Crude oil prices slumped on Tuesday after Greece called for a referendum on its EU bailout deal, raising tensions in the eurozone debt crisis which threatens to hit energy demand, traders said. more... (Zawya)

Regulations benefit Islamic institutions

Dubai Islamic finance institutions have more to gain from complying with regulations because their objectives are based on fairness and trust, panelists at a corporate governance conference said. more... (Zawya)

Quote of the Day:

“ The price of greatness is responsibility. ”

Winston Churchill

 
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
31-Oct-11
01-Nov-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
79.87
-0.18%
13.25%
13.30%
5.50
     
31-Oct-11
01-Nov-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
974.19
974.63
0.46

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.52
11.60
11.65
11.72
Offer
12.02
11.85
11.90
12.22

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

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
86.40
120.00
1.12
138.50
23.6
1.79
0.62

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.75
11.75
11.80
Last Cut Off.
11.87
11.92
11.94
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.05
12.19
12.05
12.01
10 Y-PIB
12.04
12.24
12.04
12.01

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.00
1.77
2.02
2.21
4.27
8.94
12.01
Change bps
-3.00
-25.00
-12.00
-23.00
-15.00
6.40
1.00

Commodities

     
01-Nov-11
02-Nov-11
change
WTI (USD/bbl)    
92.41
91.57
-0.91%
     
Brent (USD/bbl)    
108.89
109.03
0.13%
     
Arab Light (USD/bbl)    
107.35
107.51
0.15%

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)
417.18
413.57
0.87%
Urea Fertilizer (Rs/bag)
1,782.50
1,765.00
0.99%
Gold 24cr (Rs./10gm) Khi
51,084.25
51,018.26
0.13%
Rice IRRI -6(Rs/100kg)
3,064.00
3,090.00
-0.84%
KCA Cotton (Rs/mound)
5,550.00
5,750.00
-3.48%
International
Current
Previous
Change
Coal Spot(USD/ton)
116.45
118.80
-1.98%
Gold Futures
1,726.00
1,721.50
0.26%
Sugar 11 (USD/lb)
25.34
25.77
-1.67%
Steel (USD/ton)
667.81
669.49
-0.25%
Wheat (CBT) (USD/bu)
630.00
628.25
0.28%
PTA (USD/ton)
1,140.00
1,090.00
4.95%
Copper (USD/ton)
7,714.50
7,981.50
-3.35%

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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.