BasedLine

Date: 30-November-2011
KSE-100 Index
Previous Index 11,494.15
Current Index 11,506.94
Change % 0.11%
YTD (CY11) -4.29%
YTD (FY12) -7.92%
KSE-100 Index
Previous Index 21,188.28
Current Index 21,154.97
Change % -0.16%
YTD (CY11) 12.50%
YTD (FY12) 1.04%
International Indicators
 
Close
%age
BSE-30 16,008.30 -0.98
HANGSENG 18,256.20 1.21
NIKKEI 225 8,477.82 2.30
FTSE 5,337.00 0.46
DJIA 11,555.60 0.28
SSEC 2,383.03 0.11
NASDAQ 2,515.51 -0.47
 
Close
%age
TASI 6,111.86 -0.11
KSE(Kuwait) 5,800.30 0.30
BSE 1,155.02 -0.34
MSM 5,432.35 0.07
ADX 2,436.21 0.53
DFM 1,370.44 0.22
QSE 8,601.73 0.22
Capital Market Overview

Market Watch: Bourse ends flat in dull session

The stock market closed flat on Tuesday although intraday losses were recovered as investors bought heavyweight Oil and Gas Development Company at lower levels.The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.11 per cent or 12.79 points to end at 11,506.94 point level. more... (ET)

NAVs and Returns
as of November 29, 2011
Funds Offer Redemption
POGSF
10.1630/-
10.1630/-
YTD Return
12.75%
POAIIF
52.6659/-
52.1392/-
YTD Return
14.26%
POAAAF
47.32/-
46.14/-
YTD Return
-8.67%
POIAAF
54.17/-
52.82/-
YTD Return
1.09%
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
32.30
2,777
31.52
2.15
-4.29%
KSE30
6.49
558
21.72
1.91
-7.11%
KMI30
4.82
415
15.20
1.46
12.50%
KSE All
34.84
2,997
37.39
2.18
-4.70%
November 29 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
148.97
114.74
-25.25%
OGDC
14.50
153.01
127.98
-0.01%
UBL
2.00
57.00
44.13
-7.93%
LUCK
1.70
81.23
37.51
14.67%
November 29 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
10.88
-13.20
-2.31
Foreign Corporates
356.63
-2,544.23
-2,187.60
Overseas Pakistani
245.05
-235.20
9.85
Grand Total
612.56
-2,792.63
-2,180.07
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
28-Nov-11
29-Nov-11
Change
Gross Buy
648.92
-38.26%
35.62
-63.86%
3.69
0.61
-83.40%
Gross Sell
-750.76
22.10%
-40.53
-34.13%
-5.44
-2.79
-48.66%
Net Buy/(Sell)
-103.08
-122.79%
-4.97
-113.13%
-1.74
-2.18
25.29%
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
-
-
33.00
-
-
-21.28
1.87
3.05
-1.18
Switzerland
15.08
0.35
-
25.80
0.53
-
-10.90
4.15
4.13
0.02
UAE
2.17
0.52
-
3.32
4.18
-
-5.34
0.18
0.32
-0.13
UK
22.16
0.16
-
83.37
0.29
3.47
-64.83
1.31
10.43
-12.58
USA
89.45
-
-
138.06
-
14.55
-63.16
18.13
23.72
-19.29
Total
178.65
1.03
-
316.46
5.00
22.66
-165.00
26.87
48.60
-43.54
News Clippings
Economy

IT sector: 120% Foreign Direct Investment growth, July-October 2011

Foreign Direct Investment (FDI) in Pakistan’s IT sector has seen a 120% growth, with a $9.4 million investment in the first four months of the 2011-12 fiscal year as compared to the corresponding period of the previous year, State Bank of Pakistan (SBP) statistics have revealed. more... (ET)

Heavy duties on raw materials impact textile exports

Nearly 80% custom duties and protective duties on locally produced raw material used in exportable textiles and denial of duty drawback on filament yarn are negatively impacting the textile exports, said Pakistan Textile Exporters Association Chairman Rana Arif Tauseef. more... (ET)

Eurozone woes imperil Asian growth: ADB chief

Asia's projected growth rate of 7.5 percent next year could be jeopardised as the eurozone crisis threatens its export-driven economies, the Asian Development Bank chief said. more... (BR)

SBP to curtail 150-200 bp in third monetary policy: LCCI

The Lahore Chamber of Commerce and Industry (LCCI) on Saturday urged the State Bank of Pakistan(SBP) to make another 150 to 200 basis points cut in policy rate in the third monetary policy. more... (DT)

Company & Sector Update

LSM growth declines 3.5% in September

Industrial production has shown a marked decline in September over the previous month as the impact of change in calculation methodology fades away quickly, show official statistics. more... (ET)

Infrastructure development levy: Gas price for fertiliser industry to go up by 193%

Gas prices for the fertiliser industry, Compressed Natural Gas (CNG) and the power sector are expected to go up by three to 193% after the imposition of the Infrastructure Development Cess (IDC). more... (ET)

Engro decreases fertiliser price by Rs100 per 50kg bag

Engro Corporation has decreased urea fertiliser prices by Rs100 to Rs1,480 per 50kg bag cut following government assurance of improved gas supply during winter for plants operating on the SNGPL network, including Engro’s new plant. more... (ET)

FDC to reduce production cost of textile products

Formulation and Distribution Centre (FDC) established for textile products to reduce the production cost for local textile sector besides enhancing production in Karachi. more... (DT)

Political

US preparing to vacate Shamsi air base

The United States (US) is preparing to accede to Pakistani demands that it vacate a remote air base in Pakistan used for drone flights, but the move is not expected to have a significant impact on operations against militants, US government sources said late on Tuesday. more... (ET)

Clinton hopes for Pakistan cooperation despite Bonn boycott

US Secretary of State Hillary Clinton said on Wednesday she regretted Pakistan’s decision to boycott next week’s international conference on Afghanistan but hoped to secure Islamabad’s cooperation in future. more... (ET)

Karzai urges Pakistan to reconsider Bonn boycott

Afghan President Hamid Karzai telephoned Pakistan Prime Minister Yousuf Raza Gilani on Tuesday to urge him to reconsider a boycott of the Bonn conference over a deadly Nato strike, officials in both countries said. more... (D)


Solid foundation provided for reforms: Bilawal

PPP Chairman Bilawal Bhutto Zardari said on Tuesday that the government had provided a solid foundation for reforms through the 18th Amendment and NFC Award and vowed to surmount all challenges to strengthen democracy and make the people real masters of their destiny. more... (D)

GCC

Saudi riyal 'remains unaffected by dollar depreciation'

During a seminar hosted by Sidra CapitalSidra CapitalSidra Capital, leading Turkish Economist and Strategist Erda Gercek reiterated that the Saudi currency would not be affected by the depreciation of the US currency. He emphasized that the currency exchange prices in the Kingdom and the world will remain stable thanks to dollar reserves. more... (Zawya)

Higher rates attract UAE to US Treasuries

The UAE is once again investing in US Treasuries due to improved and reasonable interest rates, according to Sultan Bin Nasser Al Suwaidi, UAE Central Bank governor. more... (Gulf News)

Gulf banks to expand business segments

The banking industry in the Gulf Cooperation Council (GCC) expects to face a whole new layer of activity that is driven by small businesses that are fast emerging as a major market force. more... (Gulf News)

UAE immune to Eurozone contagion

UAE Central Bank Governor Sultan Bin Nasser Al Suwaidi has ruled out any knock-on effects of the Eurozone financial crisis on the UAE economy. more... (Gulf News)

Quote of the Day:

" To be successful you have to enjoy doing your best while at the same time contributing to something beyond yourself. " Mihaly Csikszentmihalyi

 
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
29-Nov-11
28-Nov-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
79.565
-0.26%
13.51%
13.43%
8.00
     
29-Nov-11
28-Nov-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,065.73
1,078.33
-12.60

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.52
11.61
11.66
11.74
Offer
12.02
11.86
11.91
12.24

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.90
11.90
11.85
11.85
11.85
11.90
Low  
11.90
11.85
11.75
11.75
11.70
11.60

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
88.50
117.91
1.14
137.00
24.17
1.71
0.75

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.65
11.70
11.78
Last Cut Off.
11.78
11.81
11.88
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.36
12.30
12.35
12.19
10 Y-PIB
12.14
12.12
12.22
12.32

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.07
2.33
2.00
2.23
3.96
8.83
12.12
Change bps
1.00
3.00
1.00
-4.00
2.00
-0.20
-10.00

Commodities

     
28-Nov-11
29-Nov-11
change
WTI (USD/bbl)    
97.66
99.25
1.63%
     
Brent (USD/bbl)    
108.81
110.49
1.54%
     
Arab Light (USD/bbl)    
111.60
113.72
1.90%

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)
417.00
420.13
-0.74%
Urea Fertilizer (Rs/bag)
1,780.00
1,800.00
-1.11%
Gold 24cr (Rs./10gm) Khi
48,765.75
48,448.62
0.65%
Rice IRRI -6(Rs/100kg)
3,116.00
3,168.00
-1.64%
KCA Cotton (Rs/mound)
5,300.00
5,200.00
1.92%
International
Current
Previous
Change
Coal Spot(USD/ton)
110.85
113.60
-2.42%
Gold Futures
1,715.72
1,769.95
-3.06%
Sugar 11 (USD/lb)
23.49
23.12
1.60%
Steel (USD/ton)
662.12
667.36
-0.78%
Wheat (CBT) (USD/bu)
616.00
643.00
-4.20%
PTA (USD/ton)
1,050.00
1,055.00
-0.47%
Copper (USD/ton)
7,464.50
7,608.00
-1.89%

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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.