BasedLine

Date: 23-November-2011
KSE-100 Index
Previous Index 11,894.79
Current Index 11,767.00
Change % -1.07%
YTD (CY11) -2.12%
YTD (FY12) -5.83%
KSE-100 Index
Previous Index 21,935.07
Current Index 21,655.08
Change % -1.28%
YTD (CY11) 15.16%
YTD (FY12) 3.43%
International Indicators
 
Close
%age
BSE-30 16,065.40 0.75
HANGSENG 18,251.60 0.14
NIKKEI 225 8,314.74 -0.40
FTSE 5,206.82 -0.30
DJIA 11,493.70 -0.46
SSEC 2,415.13 -0.05
NASDAQ 2,521.28 -0.07
 
Close
%age
TASI 6,103.08 -0.82
KSE(Kuwait) 5,796.70 0.22
BSE 1,167.85 -1.26
MSM 5,420.95 -0.50
ADX 2,439.69 -0.43
DFM 1,351.09 -0.30
QSE 8,607.64 0.32
Capital Market Overview

MarketWatch: KSE-100 loses 128 points amid memo controversy

Pakistani stocks seemed to be in real trouble on Tuesday as the local benchmark index, the Karachi Stock Exchange (KSE)-100, took further beating and ended 127.79 points (1.07%) lower at 11,767, on turnover of only 28.37 million shares.more... (ET)

NAVs and Returns
as of November 22, 2011
Funds Offer Redemption
POGSF
10.1446/-
10.1446/-
YTD Return
12.94%
POAIIF
52.5692/-
52.0435/-
YTD Return
14.48%
POAAAF
48.00/-
46.80/-
YTD Return
-7.36%
POIAAF
54.57/-
53.21/-
YTD Return
1.84%
POAF
10.72/-
YTD Return
11.32%
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
33.03
2,840
22.46
1.28
-2.12%
KSE30
6.66
572
13.78
1.17
-4.68%
KMI30
4.94
425
8.55
0.78
15.16%
KSE All
35.60
3,061
28.37
1.31
-2.64%
November 22 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
157.69
113.45
-20.88%
OGDC
14.50
153.76
126.54
0.50%
UBL
2.00
57.78
43.64
-6.67%
LUCK
1.70
82.17
37.09
15.99%
November 22 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
26.89
-17.88
9.01
Foreign Corporates
1,565.07
-1,802.96
-237.89
Overseas Pakistani
99.39
-72.25
27.14
Grand Total
1,691.36
-1,893.10
-201.74
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
21-Nov-11
22-Nov-11
Change
Gross Buy
641.65
-37.85%
28.34
-64.57%
0.68
1.69
148.00%
Gross Sell
-737.34
22.39%
-27.11
-44.81%
-0.68
-1.89
178.25%
Net Buy/(Sell)
-96.86
-121.72%
1.25
-96.05%
0
-0.20
-125.47%
S.C.R.A
Country
During the Period FY12TD
22-11-2011
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
-
-
8.84
-
-
-4.50
0.11
1.29
-1.18
Luxembourg
11.95
-
-
33.09
-
-
-21.14
1.09
2.13
-1.04
Switzerland
14.90
0.35
-
22.95
0.53
-
-8.23
3.98
1.28
2.70
UAE
2.05
0.52
-
3.32
4.18
-
-5.46
0.06
0.32
-0.26
UK
22.06
0.16
-
80.66
0.29
3.47
-62.22
1.22
7.72
-9.97
USA
86.79
-
-
134.33
-
8.76
-56.30
15.47
19.98
-12.43
Total
174.66
1.03
-
304.87
5.00
15.53
-150.26
22.88
37.01
-28.80
News Clippings
Economy

First Islamic inter-bank benchmark launched

A consortium of Islamic banks and financial industry associations launched the industry's first international Islamic interbank rate on Tuesday, offering a sharia-compliant alternative to traditional interest-based benchmarks. more... (BR)

Banking and oil stocks drag down key index

The index of 100 companies traded on the Karachi Stock Exchange fell 62.19 to 11,875.62. Among the stocks in the index, 26 rose, 65 fell and 9 were unchanged..more... (Gulf News)

Prices of essential commodities fall 60%

After witnessing abnormal increase over the past several weeks, prices of essential food items declined by up to 60% this week on the back of supplies from Sindh, India and Afghanistan, providing much-needed relief to the consumers.more... (ET)

Bowing to pressure: Govt exempts importers from 5% sales tax

In yet another retreat, the government on Monday suspended a statutory regulatory order (SRO), exempting commercial importers from even reduced sales tax of five per cent – a move tax experts term “a policy of appeasement”.more... (ET)

Company & Sector Update

Mutual Funds attract Rs66bn in 10 months

The mutual fund industry is booming with money under management standing tall at Rs289 billion at the end of October, representing a 17 per cent growth over the earlier month and a huge addition of Rs66 billion (30 per cent) in the 10 months since January. more... (D)

Pak Steel claims KESC owes Rs130m

PS has its own power plant and it sometimes supplies power to the KESC grid. The PS claim came following KESC’s act of discontinuing power supply to PS on Monday evening over of its outstanding dues of Rs52 million. more... (ET)

Logistics, security issues delay oil, gas projects

OMV executive board member Jaap Huijskes, while highlighting the perception of a foreign company working in Pakistan, said on Tuesday logistics and security concerns delayed response of joint partners to oil and gas exploration . more... (ET)

Nepra issues notices to three Wapda companies

The National Electric Power Regulatory Authority (Nepra) has issued show-cause notices to three Wapda companies for failing to terminate contracts of those rental power projects which could not meet production deadlines — a development that can entail revocation of licences. more... (D)

Political

Haqqani bows out

The curtain fell last night on Ambassador Husain Haqqani’s career as a diplomat in Washington but his resignation ended only one act in the controversy titled memogate. more... (D)

Qureshi meets Nawaz, but keeps options open

The much-awaited meeting between Shah Mehmood Qureshi and PML-N President Nawaz Sharif, which assumed added significance because of a claim made by Imran Khan that the former foreign minister would be joining his party, took place here on Tuesday. more... (D)

MQM delegation greets Pir Pagara

Muttahida Qaumi Movement (MQM) delegation on Tuesday called on chief of PML-F Pir Pagara at Kingri House and greeted him on his 83rd birth anniversary, here. The MQM delegation greeted Pagara and also inquired his well-being on behalf of MQM chief Altaf Hussain, said a statement issued by MQM.more... (DT)

Mirza fighting for peace’

Praising former Sindh home minister Dr Zulfiqar Mirza, president Malir Bar Association Advocate Muhammad Ashraf Samoo on Tuesday said Mirza was fighting against the terrorists and needed a widespread support from peace loving people. more... (DT)

GCC

Kuwait bourse dives 41.3 pts on selling pressure


Kuwait stocks slid further Monday, extending the decline to the fourth consecutive session. The index dived 41.3 points amid selling in blue chips and some of the mid-caps.The trading floor sentiments continued to be bearish as investors jettisoned some of their positions in a bid to minimize losses. 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)

Qatar oil industry to build on knowledge economy

Qatar's oil and gas industry will remain strong after 2030, but will build on the knowledge economy through energy research, Qatar's energy and industry minister has said.more... (Gulf News)

Virgin eyes second daily Dubai flight

Virgin Atlantic plans to add a second daily flight between Dubai and London's Heathrow — but the expanded service is on hold for two years until the airline gets more planes. more... (Gulf News)

Quote of the Day:

"To select well among old things, is almost equal to inventing new ones.”Nicholas Charles Trublet

 
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
23-Nov-11
21-Nov-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
80.19
-0.06%
13.27%
13.24%
2.60
     
22-Nov-11
21-Nov-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,077.32
1,067.81
9.51

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.53
11.62
11.68
11.77
Offer
12.03
11.87
11.93
12.27

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
87.34
118.18
1.14
136.86
23.92
1.70
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
0.97
1.92
1.92
2.17
3.90
8.84
12.16
Change bps
1.00
1.00
-5.00
-3.00
-6.00
1.80
-4.00

Commodities

     
21-Nov-11
22-Nov-11
change
WTI (USD/bbl)    
97.71
96.46
-0.26%
     
Brent (USD/bbl)    
106.85
107.96
1.04%
     
Arab Light (USD/bbl)    
110.11
112.08
1.79%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
94.15
92.64
1.63%
Furnace Oil (Rs/ton)
74,020.76
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
49,112.88
48,236.05
1.82%
Rice IRRI -6(Rs/100kg)
3,124.00
3,200.00
-2.38%
KCA Cotton (Rs/mound)
5,600.00
5,700.00
-1.75%
International
Current
Previous
Change
Coal Spot(USD/ton)
113.60
114.85
-1.09%
Gold Futures
1,708.60
1,678.90
1.77%
Sugar 11 (USD/lb)
23.44
24.09
-2.70%
Steel (USD/ton)
665.72
667.36
-0.25%
Wheat (CBT) (USD/bu)
603.00
643.00
-6.22%
PTA (USD/ton)
1,055.00
1,095.00
-3.65%
Copper (USD/ton)
7,303.00
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.