BasedLine

Date: 24-November-2011
KSE-100 Index
Previous Index 11,767.00
Current Index 11,633.97
Change % -1.13%
YTD (CY11) -3.23%
YTD (FY12) -6.90%
KSE-100 Index
Previous Index 21,655.08
Current Index 21,452.62
Change % -0.93%
YTD (CY11) 14.08%
YTD (FY12) 2.47%
International Indicators
 
Close
%age
BSE-30 15,700.00 -2.27
HANGSENG 17,864.40 -2.12
NIKKEI 225 8,314.74 -0.40
FTSE 5,139.78 -1.29
DJIA 11,257.50 -2.05
SSEC 2,412.62 -0.10
NASDAQ 2,460.08 -2.43
 
Close
%age
TASI 6,086.10 -0.28
KSE(Kuwait) 5,798.20 0.03
BSE 1,161.34 -0.56
MSM 5,419.22 -0.03
ADX 2,430.03 -0.40
DFM 1,347.07 -0.30
QSE 8,575.78 -0.37
Capital Market Overview

Market Watch: Bourse falls as investors opt to sell

Investors opted to sell on Wednesday as negative triggers prevailed in the market.The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 1.13 per cent or 113.03 points to end at 11,633.97 point level.more... (ET)

NAVs and Returns
as of November 23, 2011
Funds Offer Redemption
POGSF
10.1489/-
10.1489/-
YTD Return
12.97%
POAIIF
52.5812/-
52.5812/-
YTD Return
14.43%
POAAAF
47.64/-
46.45/-
YTD Return
-8.06%
POIAAF
54.34/-
52.98/-
YTD Return
1.40%
POAF
10.72/-
YTD Return
11.29%
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
32.65
2,808
25.66
1.22
-3.23%
KSE30
6.58
566
14.41
1.10
-5.79%
KMI30
4.89
421
10.00
0.80
14.08%
KSE All
35.22
3,029
33.57
1.25
-3.68%
November 23 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
154.20
113.45
-22.63%
OGDC
14.50
152.05
126.54
-0.61%
UBL
2.00
56.91
43.64
-8.08%
LUCK
1.70
82.20
37.09
16.04%
November 23 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
18.64
-11.03
7.61
Foreign Corporates
1,138.49
-1,402.55
-264.06
Overseas Pakistani
92.91
-69.47
23.44
Grand Total
1,250.03
-1,483.04
-233.02
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
22-Nov-11
23-Nov-11
Change
Gross Buy
642.87
-38.16%
29.57
-66.07%
1.69
1.25
-26.03%
Gross Sell
-738.79
21.85%
-28.56
-46.07%
-1.89
-1.48
-21.53%
Net Buy/(Sell)
-97.09
-121.61%
1.02
-97.09%
-0.20
-0.23
16.51%
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
-
-
33.10
-
-
-21.14
1.09
2.14
-1.04
Switzerland
15.03
0.35
-
22.95
0.53
-
-8.09
4.11
1.28
2.84
UAE
2.05
0.52
-
3.32
4.18
-
-5.46
0.06
0.32
-0.26
UK
22.07
0.16
-
80.72
0.29
3.47
-62.27
1.23
7.78
-10.02
USA
86.99
-
-
135.17
-
11.07
-59.26
15.67
20.82
-15.38
Total
175.15
1.03
-
305.78
5.00
18.49
-153.64
23.37
37.91
-32.18
News Clippings
Economy

'Pakistan striving to double food export to UAE'

Ambassador to United Arab Emirates Jamil Ahmed Khan on Wednesday said Pakistan is making efforts to double its food export to the UAE by adding value to its products and by establishing brands. more... (BR)

Rupee nears record low against dollar

The rupee ended at 87.50/55 to the dollar, weaker than Tuesday's close of 87.35/40. It hit a record low at 87.92 to the dollar in September. more... (ET)

Pakistan third largest investor in trade zone

The number of Pakistani companies investing in Ras Al Khaimah Free Trade Zone of the United Arab Emirates (UAE) has jumped phenomenally over the last two to three years and today it is the third largest investor after India and United Kingdom, says Azfar Saeed, Sales Executive of the free trade zone.more... (ET)

IMF forecasts a challenging year for Pakistan

The International Monetary Fund (IMF) has forecast a challenging current financial year for Pakistan, with current account balance turning into deficit and security situation and global risk aversion restricting capital inflows into the country.more... (D)

Company & Sector Update

Payment upfront: Parco refuses to supply diesel to PSO on credit

Pak-Arab Refinery Limited (Parco) has refused to provide diesel, jet fuel and kerosene oil to Pakistan State Oil (PSO) on credit, a move that may halt supplies to Pakistan Army, airlines and other consumers across the country. more... (ET)

Chinese companies to invest $10b in Sindh’s energy sector

The Government of Sindh has signed four Memoranda of Understanding (MoU) with Chinese companies worth $10 billion in the energy sector (coal, wind and solar energy) to generate 4,300 megawatts (MW) in Sindh, said Speaker Sindh Assembly Nisar Khuhro on Wednesday. more... (ET)

Balochistan excluded from tube well programme

The United States has refused to launch a tube well efficiency improvement programme in poverty-stricken Balochistan, citing non-payment of electricity bills by farmers.more... (ET)

Construction of Pak-Iran gas pipeline project after feasibility study

Parliamentary Secretary for Petroleum and Natural Resources Tariq Khattak on Wednesday told the National Assembly that the construction of Pak-Iran gas pipeline project would start after the completion of bankable feasibility study. more... (D)

Political

Sherry makes comeback, gets Haqqani’s post

The government named on Wednesday member of parliament and rights activist Shehrbano (Sherry) Rehman as ambassador to the US, a day after Husain Haqqani had been asked to resign over allegations that he had sought Washington’s help against a possible military takeover. more... (D)

Gen Kayani calls on president

Chief of Army Staff Gen Ashfaq Parvez Kayani called on President Asif Ali Zardari and Prime Minister Yousuf Raza Gilani on Wednesday soon after the appointment of Ms Sherry Rehman as Pakistan’s new ambassador to the US. more... (D)

Memogate: More firefights loom for cornered govt

Despite the resignation of Pakistan’s Ambassador to the US Hussain Haqqani, the government has a lot of firefighting ahead of it.more... (ET)

For political revival, religious parties look to defunct MMA

The Jamaat-e-Islami (JI) held a meeting of like-minded parties on Tuesday in an attempt to restore the defunct Muttahida Majlis-e-Amal (MMA), an alliance of religiously-inclined political parties, and cash in on anti-American sentiments in the upcoming general elections.more... (ET)

GCC

Saudi equities put up strong resistance as GCC market downturn continues negative trend


The latest Lipper GCC and MENA analysis, released today, has revealed that strong resistance by Saudi equities is helping cushion the impact of the severe market downturn in the GCC. more... (Zawya)

Gulf bourses tremble as Egypt halts stock trading

Gulf stock markets closed mixed Tuesday amid protracted eurozone debt crisis and on concern that global economic growth is faltering and after US lawmakers charged with reducing the deficit failed to agree on cuts.more... (Zawya)

Prisoner-swap deal to help cement UAE-India ties

Lt General Shaikh Saif Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, and Indian Home Minister P. Chidambaram signed the two accords — the first one on transfer of prisoners to jails in their own countries and the second on security cooperation.more... (Gulf News)

Yemen president signs power transfer deal

Yemeni President Ali Abdullah Saleh finally agreed to end his 33-year rule by signing late yesterday the long-delayed Gulf Cooperation Council deal that requires him to cede power to his deputy Abdu Rabu Mansour Hadi in exchange for immunity from prosecution.more... (Gulf News)

Quote of the Day:

"The difference between a successful person and others is not a lack of strength, not a lack of knowledge, but rather a lack in will.”Vince Lombardi

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

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.54
11.61
11.68
11.76
Offer
12.04
11.86
11.93
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
87.65
119.20
1.13
138.80
24.05
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

     
23-Nov-11
24-Nov-11
change
WTI (USD/bbl)    
96.46
96.17
-0.30%
     
Brent (USD/bbl)    
107.96
107.45
-0.47%
     
Arab Light (USD/bbl)    
112.08
110.07
-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
47,912.92
48,236.05
-0.67%
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
1,695.10
1,708.60
-0.79%
Sugar 11 (USD/lb)
23.09
23.44
-1.49%
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.