BasedLine

Date: 29-November-2011
KSE-100 Index
Previous Index 11,648.14
Current Index 11,494.15
Change % -1.32%
YTD (CY11) -4.39%
YTD (FY12) -8.02%
KSE-100 Index
Previous Index 21,530.04
Current Index 21,188.28
Change % -1.59%
YTD (CY11) 12.68%
YTD (FY12) 1.20%
International Indicators
 
Close
%age
BSE-30 16,167.10 3.01
HANGSENG 18,037.80 1.97
NIKKEI 225 8,287.49 1.56
FTSE 5,312.76 0.72
DJIA 11,523.00 2.59
SSEC 2,380.22 -0.72
NASDAQ 2,527.34 3.52
 
Close
%age
TASI 6,118.64 1.17
KSE(Kuwait) 5,782.70 0.01
BSE 1,158.95 -0.21
MSM 5,428.52 0.17
ADX 2,423.25 0.30
DFM 1,367.37 1.77
QSE 8,583.25 0.30
Capital Market Overview

Market Watch: Bourse plummets amid NATO bombings

The Karachi Stock Exchange’s (KSE) benchmark 100-share index dropped 1.32 per cent or 153.99 points to end at 11,494.15 points.Investor sentiment went down with the missiles as stocks dipped more than 2% intra-day, although they recovered slightly in the second half of the session, according to equity dealers. more... (ET)

NAVs and Returns
as of November 28, 2011
Funds Offer Redemption
POGSF
10.1602/-
10.1602/-
YTD Return
12.77%
POAIIF
52.6489/-
52.1224/-
YTD Return
14.27%
POAAAF
47.03/-
45.85/-
YTD Return
-9.24%
POIAAF
54.05/-
52.70/-
YTD Return
0.86%
POAF
10.74/-
YTD Return
11.22%
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
32.26
2,774
32.48
2.00
-4.39%
KSE30
6.48
557
21.00
1.86
-7.27%
KMI30
4.83
416
14.86
1.28
12.68%
KSE All
34.81
2,994
46.24
2.04
-4.80%
November 28 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
148.00
113.45
-25.74%
OGDC
14.50
151.77
126.54
-0.80%
UBL
2.00
56.66
43.64
-8.48%
LUCK
1.70
80.52
37.09
13.66%
November 28 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
20.72
-10.16
10.56
Foreign Corporates
3,430.84
-5,244.31
-1,813.47
Overseas Pakistani
243.26
-181.17
62.09
Grand Total
3,694.82
-5,435.64
-1,740.82
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
25-Nov-11
28-Nov-11
Change
Gross Buy
648.32
-38.45%
35.02
-64.03%
0.85
3.69
336.57%
Gross Sell
-748.03
21.71%
-37.80
-38.28%
-1.49
-5.44
264.35%
Net Buy/(Sell)
-100.92
-122.36%
-2.82
-107.62%
-0.65
-1.74
169.66%
S.C.R.A
Country
During the Period FY12TD
28-11-2011
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
-
-
9.28
-
-
-4.95
0.11
1.74
-1.63
Luxembourg
12.73
-
-
33.90
-
-
-21.18
1.87
2.94
-1.07
Switzerland
15.08
0.35
-
23.13
0.53
-
-8.23
4.15
1.46
2.69
UAE
2.17
0.52
-
3.32
4.18
-
-5.34
0.18
0.32
-0.13
UK
22.16
0.16
-
82.07
0.29
3.47
-63.54
1.31
9.14
-11.29
USA
88.86
-
-
137.80
-
13.49
-62.43
17.54
23.46
-18.56
Total
178.06
1.03
-
312.05
5.00
21.26
-159.77
26.28
44.18
-38.31
News Clippings
Economy

Policy rate: Balancing inflation, growth a difficult task

The State Bank of Pakistan (SBP) will announce its monetary policy for the next two months on November 30, a central bank official said on Monday.The central board of directors of SBP will meet in Karachi to approve the policy and the meeting will be chaired by Governor Yaseen Anwar. more... (ET)

Rupee hits record low against dollar

The rupee hit a record low in interbank exchange rates on Monday on increased import payments and negative regional sentiment on currencies.The rupee closed at 88.02/07 to the dollar, compared with Friday’s close of 87.75/80. more... (ET)


Rs600mn development package for Swabi unveiled

Chief Minister Khyber Pakhtunkhwa, Ameer Haider Khan Hoti has announced development package worth Rs.600 million for the development of district Swabi and said that fruits of completion of political and election manifesto will be extended to every nook and corner of the province. more... (BR)

FDI in IT sector posts 120% growth in Jul-Oct 2011

Pakistan’s Information and Technology (IT) industry has gained limelight as foreign investors are seeking healthy opportunity to work with local software houses and service providers as shown by the substantial inflow of foreign investment in the country. more... (DT)

Company & Sector Update

KESC fails to keep promise, industrialists may resume protests

Karachi Chamber of Commerce and Industry (KCCI) President Mian Abrar Ahmed has announced that industrialists would resume their protest if the Karachi Electric Supply Company (KESC) did not end the 12-hour power outages immediately. more... (ET)

Efforts to fight cotton virus discussed

It is imperative to step up efforts to fight cotton leaf curl virus which is badly affecting cotton production, said experts at a conference on Monday.A two-day 8th National Conference of Pakistan Phytopathological Society (PPS) started here at the University of Agriculture Faisalabad (UAF). more... (ET)

Power bills with hefty arrears upset govt, farmers

The Khyber Pakhtunkhwa government and farmers have accumulated over Rs400 million arrears as the Peshawar Electric Supply Company (Pesco) charged their tubewells less tariff over the last few years than the one approved in February 2007. more... (D)

Pak-Turkey to sign PTA next year

Preferential trade agreement is to be signed next year between Republic of Turkey and Pakistan. Murat M Onart, Consul General Republic of Turkey said in a meeting with Karachi Chamber of Commerce and Industry (KCCI) and its members .more... (DT)

Political

Pakistan ties troubled but repairable: US general

US-Pakistani relations are at one of their worst points in memory after the Nato strike that killed 24 Pakistani troops, but can recover, Washington’s top military officer said on Monday. more... (D)

PM suggests Peace Nobel for Edhi

Prime Minister Yousuf Raza Gilani proposed on Monday the name of Abdul Sattar Edhi, head of the Edhi Foundation, for the Nobel Peace Prize.He was talking to Dr Nafisa Sadiq, Special Envoy of UN Secretary General on HIV/Aids for Asia.Dr Nafisa praised the proposal and promised to mobilise support for it at all levels. more... (D)

Wasan orders ban on display of arms

Sindh Home Minister Manzoor Hussain Wasan has under section 144 CrPC ordered complete ban on display of arms in Karachi, including those holding licences. “There will be a ban on display of arms for next 12 days of Muharram in the city,” he said while talking to newsmen Monday after visiting the spot of killing of two boy scouts on duty to volunteer at Numaish Chowrangi on Sunday afternoon. . more... (DT)


NATO attack sparks city-wide protests

Members of civil society, lawyers, traders and students staged rallies in the city to protest against the NATO attack on Pakistani forces that left 24 soldiers, including two officers, dead .more... (DT)

GCC

Saudi Arabia's real GDP set to grow by 7.3% in 2011


The Kingdom's overall real GDP will grow by 7.3 percent in 2011, up from previous forecast of 6.9 percent. The report said nominal GDP figures are impacted even more because they incorporate the increase in oil prices as well as production .more... (Zawya)

Oil prices surge on weak dollar, Italy rumours

Oil spiked higher on Monday, driven by a struggling dollar, swirling speculation over an Italy bailout, upbeat US data and geopolitical tensions in the crude-rich Middle East, traders said.New York's main contract, light sweet crude for delivery in January jumped $3.38 to $100.15 a barrel .more... (Zawya)

Kuwait cabinet quits to thwart grilling of PM

Kuwait's Emir Shaikh Sabah Al Ahmad Al Sabah has accepted the resignation of the government, but has asked it to continue running the affairs of the country until a new cabinet is formed.The government tendered its resignation yesterday afternoon following an emergency meeting chaired by the Emir. more... (Gulf News)

Labour ban still making life tough for workers seeking to change jobs

Workers have complained that the Ministry of Labour is still asking for approval from sponsors if workers wish to change jobs after two years.Affected workers pointed to the ministry's earlier reforms to the labour law which did away with the need for a sponsor's approval for employees who have been with their sponsors for two continuous years. more... (Gulf News)

Quote of the Day:

"The best job goes to the person who can get it done without passing the buck or coming back with excuses.”Napoleon Hill

 
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
28-Nov-11
25-Nov-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
79.77
-0.50%
13.43%
13.28%
14.50
     
28-Nov-11
25-Nov-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,078.33
1,128.66
-50.33

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.53
11.60
11.67
11.75
Offer
12.03
11.85
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
11.90
Low  
11.75
11.75
11.75
11.75
11.70
11.60

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
88.07
116.47
1.12
135.90
23.88
1.71
0.74

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
12.40
12.35
12.35
12.19
10 Y-PIB
12.28
12.22
12.22
12.32

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.06
2.30
1.99
2.27
3.94
8.83
12.22
Change bps
-1.00
4.00
0.00
-2.00
4.00
1.50
0.00

Commodities

     
25-Nov-11
28-Nov-11
change
WTI (USD/bbl)    
98.17
97.66
-0.52%
     
Brent (USD/bbl)    
107.44
108.81
1.28%
     
Arab Light (USD/bbl)    
109.40
111.60
2.01%

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
48,448.62
48,298.62
0.31%
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
1,713.70
1,709.90
0.22%
Sugar 11 (USD/lb)
23.12
22.90
0.96%
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.