BasedLine

Date: 03-November-2011
KSE-100 Index
Previous Index 11,762.72
Current Index 11,746.09
Change % -0.14%
YTD (CY11) -2.30%
YTD (FY12) -6.00%
KSE-100 Index
Previous Index 21,920.67
Current Index 21,731.85
Change % -0.86%
YTD (CY11) 15.57%
YTD (FY12) 3.80%
International Indicators
 
Close
%age
BSE-30 17,464.85 0.09
HANGSENG 19,733.71 1.88
NIKKEI 225 8,640.42 2.21
FTSE 5,484.10 1.15
DJIA 11,836.04 1.53
SSEC 2,527.47 0.93
NASDAQ 2,639.98 1.27
 
Close
%age
TASI 6,215.67 0.98
KSE(Kuwait) 5,916.80 0.01
BSE 1,148.12 0.15
MSM 5,556.05 -0.48
ADX 2,490.17 -0.25
DFM 1,377.48 -0.38
QSE 8,579.97 0.59
Capital Market Overview

Market Watch: Stock market falls in highly volatile session

The stock market closed lower on Wednesday after oscillating in the positive and negative territory throughout the session. more... (ET)

NAVs and Returns
as of November 02, 2011
Funds Offer Redemption
POGSF
10.0967/-
10.0992/-
YTD Return
13.91
POAIIF
52.2267/-
51.7182/-
YTD Return
14.90
POAAAF
48.57/-
47.25/-
YTD Return
-6.47%
POIAAF
54.70/-
53.20/-
YTD Return
1.82%
POAF
10.66/-
YTD Return
11.57%
Funds Rating
AMC
AM3
POAIIF
A+ (f)
POAF
AA-
POAAAF
3 Star
POIAAF
5 Star
  Aug -11 Sep-11
MoM (%)
AUM's (PKR bn) 225.15 223.19 -5.55%
No of AMCs 26 26 -
No of Funds 122 125 2.46
KSE Market Data
KSE Market Data
Capitalization
Volume
Traded Val.
KSE Return
 
(USD bn)
(Rs. bn)
(Sh. mn)
(Rs.bn)
(YTD)
KSE100
33.08
2,845
45.32
2.93
-2.30%
KSE30
6.66
573
27.35
2.61
-4.59%
KMI30
4.98
429
17.65
1.83
15.57%
KSE All
35.68
3,068
63.86
2.99
-2.68%
November 02 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
154.28
111.71
-22.59%
OGDC
14.50
145.71
124.60
-4.76%
UBL
2.00
55.52
42.97
-10.32%
LUCK
1.70
81.09
36.52
14.47%
November 02 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
24.92
-25.72
-0.81
Foreign Corporates
476.72
-1,554.54
-1,077.82
Overseas Pakistani
188.13
-207.57
19.43
Grand Total
689.78
-1,787.83
-1,098.06
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
01-Nov-11
02-Nov-11
Change
Gross Buy
617.44
-35.65%
3.46
5.18%
3.54
0.69
-80.53%
Gross Sell
-713.44
-28.40%
-1.47
-72.12%
-1.50
-1.79
19.19%
Net Buy/(Sell)
-97.17
-123.17%
2.02
-201.62%
2.04
-1.10
-153.73%
S.C.R.A
Country
During the Period FY12TD
01-11-2011
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
4.24
-
-
7.55
-
-
-3.30
0.01
-
0.01
Luxembourg
10.90
-
-
32.17
-
-
-21.27
0.04
1.21
-1.16
Switzerland
11.39
0.35
-
21.67
0.53
-
-10.46
0.47
-
-0.47
UAE
1.99
0.52
-
3.04
4.18
-
-5.23
-
0.03
-0.03
UK
20.85
0.16
-
73.20
0.29
-
-52.51
-
0.26
-0.26
USA
71.50
-
-
114.98
-
0.85
-44.33
0.18
0.63
-0.45
Total
152.49
1.03
-
271.34
5.00
0.85
-124.23
0.71
3.48
-2.77
News Clippings
Economy


July-October CPI inflation rises by 11.34 percent

The CPI inflation increased by 11.34 percent in July-October (2011-12) over the same period last year on the back of rise in the prices of food and non-food commodities, according to the Federal Bureau of Statistics (FBS). more... (BR)

Alerts ‘Emerging markets like Pakistan are growth engines’

Emerging markets like Pakistan are a growth engine for SAP, a Germany-based business software company, said SAP Country Liaison Manager Hasan Latif Jamal, in an interview with The Express Tribune on Wednesday, at the backdrop of SAP World Tour 2011. more... (ET)

High input prices, water problems: Farmers highlight production issues

Small farmers are facing a host of issues which include poverty, high fertiliser and electricity prices, lack of canal water and absence of a price mechanism for agricultural inputs and these problems need a solution in order to increase farm production and ensure food security. more... (ET)

Business community welcomes MFN status to India

Industrialists and business community have reacted positively to the cabinet’s decision to grant India the most favoured nation (MFN) status, though they did have some reservations. more... (ET)

Company & Sector Update

Refining margins decline 7% in October

Local refineries’ gross refining margins declined 7% to $5.39 per barrel in October on a monthly basis. more... (ET)

U-turn: Engro takes back urea price increase

Engro Fertilizers has rolled back the recent increase in urea price following government’s assurances that gas needs of the company’s large Deharki plant will be met. more... (ET)

Seedless variety to boost kinnow exports to $ 1bn

With the introduction of seedless citrus variety, country's kinnow exports are expected to grow multifold and get share of $1 billion in the world citrus market. Currently, the world market for citrus more... (BR)

Pakistan IT exports up 32.6% in Q1FY12

Pakistan’s exports of information technology (IT) and IT-enabled services witnessed an outstanding growth of 32.6 percent in the first quarter of 2011-12 compared with the corresponding period of past financial year, reflecting improving penetration of local IT companies in different countries of the world. more... (DT)

Political

PM to meet railways high-ups today

Prime Minister Yousuf Raza Gilani will be meeting Pakistan Railways high-ups in Islamabad on Thursday (today) to ascertain the causes of the present state of affairs of the organisation. more... (D)

618 NAB cases still pending, Senate told

The Senate was told on Tuesday that 618 inquiries, including some that date back as long as a decade, were still pending with the National Accountability Bureau. The house also heard that cases pending for five years or more would be closed as soon as possible. more... (ET)

Pakistan looks to restrict Haqqanis’ movement

The United States, it seems, has been successful in winning Pakistan’s support to curtail the Haqqani network. more... (ET)

Corruption, plundering has shaken country’s foundations: Shahbaz

Punjab Chief Minister (CM) Shahbaz Sharif on Wednesday said that corruption, nepotism and plundering of national resources had shaken the foundations of the country. more... (DT)

GCC

Qatar joins Mexico in oil hedge plan

Getting a fair price for a barrel of oil is a key issue for exporting countries. This was one of the main factors that led to the establishment of the Organisation of Petroleum Exporting Countries (Opec). In 1960, oil was extremely cheap, not more than $2 per barrel. more... (Gulf News)

Deyaar posts Dh45m profit as revenues rise, costs fall

Deyaar Development made a profit of Dh45 million in the first nine months of 2011 and is poised to deliver two towers by year-end, the company said in a statement to Dubai's bourse yesterday. more... (Gulf News)

Some UAE banks file cases against mortgagors of foreclosed properties

Some conventional and Islamic banks in the UAE have started filing cases against mortgagors of foreclosed properties in order to recoup their losses, 'Emirates24|7' has learnt. more... (Zawya)

Foreign trade forms 69% of UAE’s GDP

Abu Dhabi Foreign trade accounted for 69 per cent of the UAE’s GDP last year. This has helped strengthen the country’s position among the world’s top 30 economies ranked by the World Trade Organisation, said Shaikha Lubna Al Qasimi, UAE Minister of Foreign Trade. more... (Zawya)

Quote of the Day:

“ Don't let your ego get too close to your position, so that if your position gets shot down, your ego doesn't go with it. ” Colin Powell

 
Economic Highlights
Economic Indicators
GDP Growth FY12E
4.20%
GDP -2011
$180 bn
Per Capita Income FY11
$1,250
Population
177.1mn
US$ Reserves (Oct 21, 2011)
$17.21 bn
Trade Balance ( July-Sep 11)
$-5.11bn
Curr. A/C (July 11- Sep 11)
$-1,209mn
Remittances (July 11- Sep 11)
$3.29bn
Foreign Investment (Jul 11-Sep 11)
$236.2mn
All Sch. Banks Deposit Base (Sep 23, 2011)
Rs757.26bn
Inflation
CPI Gen. - YoY (Sep-11) 10.46%
   
CPI Gen. - FY11 (Jul 11- Sep 11) 11.50%
   
NFNE Core INFL - YoY (Sep 11) 10.60%
   
NFNE Core INFL -FY11 (Jul 11 - Sep 11) 8.60%

Money Market

 
Price
Change
02-Nov-11
01-Nov-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
80.04
0.21%
13.25%
13.30%
-4.90
     
02-Nov-11
01-Nov-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
972.70
974.63
-1.93

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.51
11.61
11.65
11.72
Offer
12.01
11.86
11.90
12.22

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.80
11.70
11.80
11.80
11.85
11.80
Low  
11.50
11.60
11.70
11.70
11.70
11.70

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
86.04
118.04
1.11
137.16
23.50
1.78
0.62

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.75
11.76
11.80
Last Cut Off.
11.78
11.81
11.88
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.06
12.02
12.01
12.19
10 Y-PIB
12.08
12.03
12.01
12.24

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.00
1.83
1.99
2.29
4.19
8.90
12.03
Change bps
0.00
6.00
-3.00
8.00
-8.00
-4.40
2.00

Commodities

     
02-Nov-11
03-Nov-11
change
WTI (USD/bbl)    
91.57
91.79
0.24%
     
Brent (USD/bbl)    
109.03
108.73
-0.28%
     
Arab Light (USD/bbl)    
107.51
108.08
0.53%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
94.15
92.64
1.63%
Furnace Oil (Rs/ton)
71,680.64
69,111.64
3.72%
Cement (Rs. Bag Avg)
417.18
413.57
0.87%
Urea Fertilizer (Rs/bag)
1,782.50
1,765.00
0.99%
Gold 24cr (Rs./10gm) Khi
51,336.25
51,084.25
0.13%
Rice IRRI -6(Rs/100kg)
3,113.00
3,064.00
1.60%
KCA Cotton (Rs/mound)
5,450.00
5,550.00
-3.48%
International
Current
Previous
Change
Coal Spot(USD/ton)
116.45
118.80
-1.98%
Gold Futures
1,732.20
1,726.00
0.36%
Sugar 11 (USD/lb)
25.42
25.34
0.32%
Steel (USD/ton)
665.23
667.81
-0.39%
Wheat (CBT) (USD/bu)
623.50
630.00
-1.03%
PTA (USD/ton)
1,140.00
1,090.00
4.95%
Copper (USD/ton)
7,870.00
7,714.50
-3.35%

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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.