BasedLine

Date: 22-November-2011
KSE-100 Index
Previous Index 11,937.81
Current Index 11,894.79
Change % -0.36%
YTD (CY11) -1.06%
YTD (FY12) -4.81%
KSE-100 Index
Previous Index 22,006.79
Current Index 21,935.07
Change % -0.33%
YTD (CY11) 16.65%
YTD (FY12) 4.77%
International Indicators
 
Close
%age
BSE-30 15,946.10 -2.60
HANGSENG 18,225.80 -1.44
NIKKEI 225 8,348.27 -0.32
FTSE 5,222.60 -2.62
DJIA 11,547.30 -2.11
SSEC 2,416.56 -1.88
NASDAQ 2,523.14 -1.92
 
Close
%age
TASI 6,153.57 -0.86
KSE(Kuwait) 5,783.90 -0.71
BSE 1,167.85 -1.26
MSM 5,448.23 -0.91
ADX 2,450.25 -0.44
DFM 1,355.18 -0.86
QSE 8,580.05 -1.42
Capital Market Overview

Market watch: Value of shares traded at 10-week low

The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.36 per cent or 43.02 points to end at 11,864.79 points. more... (ET)

NAVs and Returns
as of November 21, 2011
Funds Offer Redemption
POGSF
10.1428/-
10.1428/-
YTD Return
13.00%
POAIIF
52.5559/-
52.0303/-
YTD Return
14.51%
POAAAF
48.45/-
47.24/-
YTD Return
-6.49%
POIAAF
54.91/-
53.54/-
YTD Return
2.47%
POAF
10.72/-
YTD Return
11.31%
Funds Rating
AMC
AM3
POAIIF
A+ (f)
POAF
AA-
POAAAF
3 Star
POIAAF
5 Star
  Oct -11 Sep-11
MoM (%)
AUM's (PKR bn) 260.97 223.19 16.93%
No of AMCs 26 26 -
No of Funds 128 125 2.40%
KSE Market Data
KSE Market Data
Capitalization
Volume
Traded Val.
KSE Return
 
(USD bn)
(Rs. bn)
(Sh. mn)
(Rs.bn)
(YTD)
KSE100
33.39
2,871
34.14
1.35
-1.06%
KSE30
6.75
580
11.38
0.99
-3.41%
KMI30
5.00
430
7.82
0.75
16.65%
KSE All
35.97
3,093
38.84
1.37
-1.62%
November 21 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
159.62
113.45
-19.91%
OGDC
14.50
156.24
126.54
2.12%
UBL
2.00
58.72
43.64
-5.15%
LUCK
1.70
82.66
37.09
16.69%
November 21 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
36.24
-42.30
-6.06
Foreign Corporates
290.35
-1,613.72
-1,323.38
Overseas Pakistani
91.37
-78.66
12.71
Grand Total
417.95
-1,734.68
1,316.73
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
18-Nov-11
21-Nov-11
Change
Gross Buy
639.99
-37.44%
26.69
-62.13%
0.68
0.42
-38.72%
Gross Sell
-735.49
22.60%
-25.26
-45.73%
-0.68
-1.73
154.96%
Net Buy/(Sell)
-96.66
-122.02%
1.45
-94.09%
0.00
-1.32
-811.67%
S.C.R.A
Country
During the Period FY12TD
18-11-2011
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
0.11
1.28
-1.17
Luxembourg
11.95
-
-
33.08
-
-
-21.13
1.09
2.12
-1.02
Switzerland
12.68
0.35
-
22.95
0.53
-
-10.45
1.75
1.28
0.48
UAE
2.05
0.52
-
3.32
4.18
-
-5.46
0.06
0.32
-0.26
UK
21.67
0.16
-
77.50
0.29
-
-55.45
0.83
4.56
-7.20
USA
84.59
-
-
132.34
-
0.85
-54.81
13.27
17.99
-10.94
Total
169.84
1.03
-
299.69
5.00
0.85
-147.52
18.06
31.83
-26.07
News Clippings
Economy

Branchless banking in Pakistan shows 51% quarter growth


The branchless banking in Pakistan has showcased a 51 per cent quarter over quarter growth rate in the first quarter of fiscal year 2012 in the total number of branchless banking account holders across the country, stats issued by the State Bank of Pakistan revealed. more... (ET)


Govt to encourage shale gas exploration

Petroleum Secretary Muhammad Ejaz Chaudhry has said the government will open new opportunities for energy exploration in line with the global shift towards exploiting unconventional gas reserves and ensure a favourable business environment to attract international expertise and investment.more... (ET)

Indian Fair: Pakistani products prove to be a hit

Traditional cotton textile with embroidery, aromatic spices and handicrafts emerged as huge hits for Pakistani traders at the annual India International Trade Fair (IITF).more... (ET)

Iran will increase energy exports to Pakistan: Report

Iranian Deputy Energy Minister Mohammad Behzad said, “electricity exports to Pakistan will increase step by step.” He said this while highlighting the recent proposal sent by Pakistan’s government to increase power import from Iran.more... (ET)

Company & Sector Update

India plans to supply 500MW to Pakistan

India plans to sell 500 megawatts (MW) of electricity to Pakistan, which will help the country reduce its chronic power shortage, according to Calcutta-based newspaper The Telegraph. more... (ET)

Winter season: Four days a week gas supply for textile mills

Petroleum Minister Dr Asim Hussain has assured the All Pakistan Textile Mills Association (Aptma) that the government will supply gas for four days a week in winter and will scale it up to five days once gas starts flowing from new discoveries over the next three months. more... (ET)

AJK development plan to woo investors

The Azad Jammu and Kashmir Chamber of Commerce and Industry (AJKCCI) has drawn up an integrated and phased industrial development plan, in coordination with the AJK government, in an effort to encourage and promote local and foreign investment, especially by UK-based Kashmiri expatriates. more... (ET)

Electricity woes: KESC cuts power supply to Pakistan Steel

The Karachi Electric Supply Company (KESC) on Monday evening disconnected power supply to Pakistan Steel Mills (PSM) because of outstanding payment of Rs52 million. more... (ET)

Political

Haqqani to meet with top leadership

Senior Pakistani officials will meet in Islamabad on Tuesday with their envoy to the United States as controversy mounts over a mysterious memo that underscores the fraught ties between Pakistan’s civilian and military leaders. more... (D)

Qureshi set to meet Nawaz today

Former foreign minister Shah Mahmood Qureshi, who recently parted ways with the PPP and resigned from the party as well as the National Assembly, is scheduled to meet PML-N president Nawaz Sharif on Tuesday (toady) to discuss his political strategy. more... (D)

Memogate: Who’s lying to whom – and why?

As the drama of the Memogate scandal unfolds, both embattled Ambassador Hussain Haqqani and his accuser, Pakistani-American businessman Mansoor Ijaz, continue to vociferously stick to their guns. more... (ET)

PTI faces fresh allegations of establishment links

A leading British newspaper claimed on Sunday that Imran recently met US Ambassador Cameron Munter in the presence of ISI chief Lt Gen Shuja Pasha – a report strongly denied by the military, as well as the PTI. more... (ET)

GCC

IPO market to remain sluggish


The GCC initial public offering (IPO) market continues to remain sluggish with only two listings in the region in the third quarter of 2011 as compared to the three in the second quarter, says PwC, a leading international professional services organisation. more... (Zawya)

Saudi, Qatari firms power 17% growth in corporate earnings

Saudi and Qatari companies have helped earnings of GCC firms to post 17 per cent growth during the third quarter to Dh49.5 billion compared to the third quarter of 2010, according to a report. more... (Zawya)

Insurance in UAE poised for greater demand

The UAE's insurance market is expected to see further strong demand due to its growing population and economic stability over the next few years, says Mohammad Othman, General Manager of Insurance House (IH). more... (Gulf News)

Age of realism in property market

Such is the short-term nature of man's memory that it is very easy to define the UAE's property market purely by what has happened since September 2008. more... (Gulf News)

Quote of the Day:

"In the business world, everyone is paid in two coins: cash and experience. Take the experience first; the cash will come later.” Harold Geneen

 
Economic Highlights
Economic Indicators
GDP Growth FY12E
4.20%
GDP -2011
$180 bn
Per Capita Income FY11
$1,254
Population
177.84mn
US$ Reserves (Nov 11, 2011)
$17.03 bn
Trade Balance ( July-Oct 11)
$-6.87bn
Curr. A/C (July 11- Sep 11)
$-1.21bn
Remittances (July 11- Oct 11)
$4.32bn
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
21-Nov-11
18-Nov-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
80.23
-0.20%
13.24%
13.18%
6.20
     
21-Nov-11
18-Nov-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,067.81
1,035.93
31.88

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.53
11.61
11.67
11.76
Offer
12.03
11.86
11.92
12.26

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

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
87.28
117.79
1.14
137.34
23.88
1.69
0.71

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.70
11.78
11.85
Last Cut Off.
11.78
11.81
11.88
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.55
12.48
12.45
12.19
10 Y-PIB
12.24
12.20
12.20
12.24

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.96
1.91
1.97
2.20
3.96
8.83
12.20
Change bps
0.00
-6.00
-1.00
-5.00
-4.00
-0.40
0.00

Commodities

     
18-Nov-11
21-Nov-11
change
WTI (USD/bbl)    
97.64
97.71
-0.95%
     
Brent (USD/bbl)    
107.68
106.85
-0.77%
     
Arab Light (USD/bbl)    
110.08
110.11
0.03%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
94.15
92.64
1.63%
Furnace Oil (Rs/ton)
71,020.76
71,680.64
3.26%
Cement (Rs. Bag Avg)
420.13
417.05
0.74%
Urea Fertilizer (Rs/bag)
1,800.00
1,809.50
-0.53%
Gold 24cr (Rs./10gm) Khi
48,236.05
49,391.45
-2.34%
Rice IRRI -6(Rs/100kg)
3,200.00
3,154.00
1.46%
KCA Cotton (Rs/mound)
5,700.00
5,500.00
3.64%
International
Current
Previous
Change
Coal Spot(USD/ton)
113.60
114.85
-1.09%
Gold Futures
1,678.90
1,723.70
-2.60%
Sugar 11 (USD/lb)
24.09
23.97
0.50%
Steel (USD/ton)
666.14
667.36
-0.18%
Wheat (CBT) (USD/bu)
612.00
643.00
-4.82%
PTA (USD/ton)
1,055.00
1,095.00
-3.65%
Copper (USD/ton)
7,283.00
7,608.00
-4.27%

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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.