BasedLine

Date: 28-November-2011
KSE-100 Index
Previous Index 11,729.41
Current Index 11,648.41
Change % -0.69%
YTD (CY11) -3.11%
YTD (FY12) -6.79%
KSE-100 Index
Previous Index 21,791.01
Current Index 21,530.04
Change % -1.20%
YTD (CY11) 14.49%
YTD (FY12) 2.84%
International Indicators
 
Close
%age
BSE-30 15,695.40 -1.03
HANGSENG 17,689.50 -1.37
NIKKEI 225 8,160.01 -0.06
FTSE 5,164.65 0.72
DJIA 11,231.80 -0.23
SSEC 2,380.22 -0.72
NASDAQ 2,441.51 -0.23
 
Close
%age
TASI 6,047.91 -0.16
KSE(Kuwait) 5,782.00 -0.28
BSE 1,161.34 -0.56
MSM 5,428.52 -0.03
ADX 2,416.04 -0.09
DFM 1,343.63 -0.37
QSE 8,557.80 -0.08
Capital Market Overview

Weekly review: KSE-100’s slump continues as volumes dwindle further

The KSE-100 index closed negative in four out of the five trading sessions during the week, following a 0.8% (99 points) decline in the previous week. Political uncertainty along with the International Monetary Fund’s bleak outlook for the country’s economy contributed to the index’s woes. more... (ET)

NAVs and Returns
as of November 25, 2011
Funds Offer Redemption
POGSF
10.1530/-
10.1530/-
YTD Return
12.87%
POAIIF
52.6083/-
52.0822/-
YTD Return
14.37%
POAAAF
47.60/-
46.41/-
YTD Return
-8.14%
POIAAF
54.47/-
53.11/-
YTD Return
1.65%
POAF
10.73/-
YTD Return
11.30%
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
32.69
2,812
22.53
1.44
-3.11%
KSE30
6.59
567
15.04
1.34
-5.66%
KMI30
4.91
422
10.86
1.07
14.49%
KSE All
35.26
3,032
28.18
1.46
-3.57%
November 25 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
152.31
113.45
-23.58%
OGDC
14.50
153.21
126.54
0.14%
UBL
2.00
57.16
43.64
-7.67%
LUCK
1.70
81.20
37.09
14.62%
November 25 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
21.87
-24.79
2.92
Foreign Corporates
688.08
-1,364.96
-676.88
Overseas Pakistani
136.38
-102.15
34.24
Grand Total
846.33
-1,491.89
-645.56
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
24-Nov-11
25-Nov-11
Change
Gross Buy
644.71
-38.45%
31.41
-66.92%
1.04
0.85
-18.62%
Gross Sell
-742.71
21.40%
-32.49
-44.42%
-2.53
-1.49
-41.03%
Net Buy/(Sell)
-99.20
-121.96%
-1.10
-102.93%
-1.49
-0.65
-56.67%
S.C.R.A
Country
During the Period FY12TD
24-11-2011
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
-
-
-
Luxembourg
11.95
-
-
33.10
-
-
-21.14
-
0.00
0.00
Switzerland
15.03
0.35
-
22.95
0.53
-
-8.09
0.13
-
0.13
UAE
2.05
0.52
-
3.32
4.18
-
-5.46
-
-
-
UK
22.07
0.16
-
80.72
0.29
3.47
-62.27
0.01
0.06
-0.05
USA
86.99
-
-
135.17
-
11.07
-59.26
0.20
0.84
-2.95
Total
175.15
1.03
-
305.78
5.00
18.49
-153.64
0.49
0.91
-3.38
News Clippings
Economy

Businesses seek further cut in policy rate

With the State Bank to release its third bi-monthly monetary policy statement for the current fiscal on Wednesday, the business firmly believes that continuation of monetary easing is the only way forward for economic recovery and job creation. more... (D)

PR to earn Rs1.15bn thru 'business train' yearly

Pakistan Railway will earn Rs1.15 billion per year by its 'business train' and international standard facilities will be provided to the passengers. Four Brothers International Private Limited has invested 225.786 million to bring substantive changes to value-addition in passenger services. more... (BR)

Profit after tax of Siemens declines

The profit after tax of Siemens (Pakistan) Engineering Company Limited has declined to Rs 67.408 million in the year ended September 30, 2011 as compared to Rs 1,011.279 million earned in the same period last year. more... (BR)

Businessmen want another hefty cut

The business community has called for another reduction of 150 to 200 basis points in the State Bank of Pakistan’s (SBP) policy rate that they say will help revive business, overcome low growth scenario, encourage investment and jumpstart the sluggish economy. more... (ET)

Company & Sector Update

Rs179bn receivables: PSO warns of fuel shortage

Pakistan State Oil has said that its total receivables have reached to Rs179 billion due to non-payments from the power sector and PIA, which may lead to an inevitable breakdown in the supply chain resulting in fuel shortage. more... (D)

Steel Mills given Rs6bn lifeline

The government agreed on Friday to provide an `immediate relief` of Rs6 billion to Pakistan Steel Mills to avert its closure following a communication from the PSM management that it was starting a `shutdown process` which would be completed by December 10. more... (D)

3G technology: All set for Rs75b auction, launch date unknown

The recently approved 3G policy’s main purpose is to hold the licence auction and raise Rs75 billion by February 2012 for budget financing. However, it is still not clear when the service will be launched. more... (ET)

Pharma manufacturer eyes gains from trade with India

While most local pharmaceutical firms claim that without an effective drug regulatory authority and level-playing field, competing with India in open trade of finished medicines is impossible, one Pakistani company believes it will increase the industry’s export potential.more... (ET)

Political

NATO raid upshot: Angry Pakistan threatens to derail Afghan endgame

As Pakistan buried its dead from Saturday’s attack on a border check post by Nato troops, the government looked for more ways to express its anger against Nato and the United States for the incident. more... (ET)

Nisar announces resignation as Chairman PAC

Leader of Opposition in National Assembly and Pakistan Muslim League-Nawaz (PML-N) senior leader Chuadhry Nisar Ali Khan Sunday announced his resignation as Chairman Public Accounts Committee (PAC). more... (D)

Two scouts gunned down, violence erupts in Karachi

Two young scouts were gunned down and three others injured in an attack by unidentified armed men on a Muharam-ul-Haram procession at Numaish Chowrangi on Sunday evening, police said. more... (D)

Shah Mehmood Qureshi joins Pakistan Tehrik-e-Insaaf

Pakistan’s ex-foreign minister Shah Mehmood Qureshi joined forces with cricketer-politician Imran Khan Sunday, becoming the most high-profile defector to his growing campaign to win the next general election .more... (D)

GCC

Shareholders of Taghleef okay change in status


A company statement said that there was no objection or clarification from the shareholders on changing the status at the meeting. company The chairman suggested for amending Articles 2 and 76 as well as amendments of other Articles for making the company a closely-held firm.more... (Zawya)

Arab stocks tumble on euro zone crisis, geopolitics

Arab stock markets plunged across-the-board last week under the pressure of a persistent European sovereign debt ordeal and regional geopolitical developments, financial analysts said Friday.more... (Zawya)

Brent falls on Eurozone debt woes, high dollar

Brent crude fell on Friday on concerns that demand for oil will be hurt by Europe's spreading debt crisis that also weakened the euro against the dollar.more... (Gulf News)

Google to moderate e-dialogue

After launching cyber-interaction initiatives between citizens and high-ranking figures in both Egypt and Tunis, Google will be moderating the ‘Kingdom's Dialogue' in Saudi Arabia starting from next Monday .more... (Gulf News)

Quote of the Day:

"Be what you are, believe in yourself and work hard with a positive attitude to scale great altitudes”Sarika Vanchy

 
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
25-Nov-11
24-Nov-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
79.73
-0.05%
13.43%
13.42%
1.50
     
25-Nov-11
24-Nov-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,104.04
1,098.99
5.05

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.54
11.62
11.67
11.75
Offer
12.04
11.87
11.92
12.25

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

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
88.15
118.30
1.13
137.80
24.10
1.70
0.73

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.72
11.78
11.82
Last Cut Off.
11.78
11.81
11.88
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.42
12.38
12.38
12.19
10 Y-PIB
12.25
12.21
12.26
12.32

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.02
2.19
1.93
2.16
3.86
8.79
12.21
Change bps
5.00
4.00
5.00
2.00
-4.00
-1.80
-5.00

Commodities

     
24-Nov-11
25-Nov-11
change
WTI (USD/bbl)    
96.43
96.17
1.80%
     
Brent (USD/bbl)    
107.71
107.44
-0.25%
     
Arab Light (USD/bbl)    
110.89
109.40
-1.34%

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
48,298.62
47,994.34
0.63%
Rice IRRI -6(Rs/100kg)
3,137.00
3,148.00
-0.35%
KCA Cotton (Rs/mound)
5,400.00
5,500.00
-1.82%
International
Current
Previous
Change
Coal Spot(USD/ton)
113.60
114.85
-1.09%
Gold Futures
1,709.90
1,698.10
0.69%
Sugar 11 (USD/lb)
22.90
23.09
-0.82%
Steel (USD/ton)
664.61
667.36
-0.41%
Wheat (CBT) (USD/bu)
594.25
643.00
-7.58%
PTA (USD/ton)
1,055.00
1,095.00
-3.65%
Copper (USD/ton)
7,239.75
7,608.00
-4.84%

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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.