BasedLine

Date: 04-November-2011
KSE-100 Index
Previous Index 11,746.09
Current Index 11,807.46
Change % 0.52%
YTD (CY11) -1.79%
YTD (FY12) -5.51%
KSE-100 Index
Previous Index 21,731.85
Current Index 21,841.28
Change % 0.50%
YTD (CY11) 16.15%
YTD (FY12) 4.32%
International Indicators
 
Close
%age
BSE-30 17,481.90 0.10
HANGSENG 19,242.50 2.49
NIKKEI 225 8,640.42 2.21
FTSE 5,545.64 1.12
DJIA 12,044.50 1.76
SSEC 2,527.65 0.78
NASDAQ 2,697.97 2.20
 
Close
%age
TASI 6,215.67 0.98
KSE(Kuwait) 5,910.20 -0.11
BSE 1,155.12 0.61
MSM 5,573.10 0.31
ADX 2,482.23 -0.32
DFM 1,384.28 0.49
QSE 8,631.11 0.60
Capital Market Overview

Market Watch: Bourse rises as investors buy Engro, sell FFC

The stock market rose on Thursday in a dull session with majority activity confined in the fertiliser sector. more... (ET)

NAVs and Returns
as of November 03, 2011
Funds Offer Redemption
POGSF
10.0967/-
10.1023/-
YTD Return
13.88%
POAIIF
52.2267/-
51.7317/-
YTD Return
14.86
POAAAF
48.57/-
47.36/-
YTD Return
-6.25%
POIAAF
54.70/-
53.36/-
YTD Return
2.12%
POAF
10.67/-
YTD Return
11.75%
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
33.21
2,856
51.15
3.23
-1.79%
KSE30
6.71
577
27.99
2.83
-3.88%
KMI30
5.01
431
17.69
1.90
16.15%
KSE All
35.81
3,080
61.49
3.29
-2.20%
November 03 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
154.94
111.71
-22.26%
OGDC
14.50
148.79
124.60
-2.75%
UBL
2.00
55.90
42.97
-9.71%
LUCK
1.70
81.19
36.52
14.61%
November 03 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
22.01
-20.98
1.03
Foreign Corporates
722.51
-614.58
107.93
Overseas Pakistani
245.31
-234.28
11.03
Grand Total
989.83
-869.84
120.00
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
02-Nov-11
03-Nov-11
Change
Gross Buy
618.41
-35.92%
5.10
-59.29%
0.69
0.99
43.50%
Gross Sell
-714.29
28.25%
-4.06
12.09%
-1.79
-0.87
-51.35%
Net Buy/(Sell)
-97.06
-122.92%
1.05
-88.45%
-1.10
0.12
-110.93%
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
-
-
7.59
-
-
-3.35
0.01
0.04
-0.03
Luxembourg
10.90
-
-
32.39
-
-
-21.49
0.04
1.43
-1.38
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
-
73.25
0.29
-
-52.48
0.08
0.31
-0.23
USA
71.50
-
-
117.27
-
0.85
-43.72
3.08
2.92
0.16
Total
152.49
1.03
-
273.99
5.00
0.85
-123.73
3.85
6.12
-2.77
News Clippings
Economy

MFN status to India: Commerce secretary dispels ambiguities

Dispelling all ambiguities, Federal Secretary Commerce Zafar Mehmood has said that Pakistan has reciprocated most favoured nation (MFN) to India in principle to implement the declaration in letter and spirit signed by commerce ministers of India and Pakistan few weeks ago in India. more... (ET)

Forex reserves further dwindle

The foreign exchange reserves of the country dwindled by dollars 54 million to dollars 17.146 billion a week back, the State Bank of Pakistan (SBP). more... (BR)

Trade barriers being removed jointly by Pakistan, India

Both Pakistan and India have agreed in principle to remove all non-tariff barriers (NTBs) with due consultations to promote bilateral trade between the two countries, said Secretary Commerce more... (BR)

US may link funding for dams with water sector reforms

The United States expressed its willingness to fund the multibillion-dollar Diamer Bhasha and Kurram Tangi dams, conditional to reforms in the water sector, but made no firm commitments in this regard. more... (ET)

Company & Sector Update

Rs82 million fine on PTCL

The Pakistan Telecommunication Authority has fined Pakistan Telecommunication Company Limited Rs82.496 million for unauthorised use of extra radio frequency spectrum. more... (D)

Nepra allows power tariff hike for Wapda companies

The National Electric Power Regulatory Authority (Nepra) approved on Thurdsay an increase of Rs1.77 per unit in electricity tariff for distribution companies of Wapda under the monthly fuel adjustment formula. more... (D)

Consolidating power: State-owned electricity generation companies merged into one

The water and power ministry has merged the four state-owned thermal power generation companies into a single firm called the Genco Holding Company. more... (ET)

Sugar: TCP to purchase 200,000 tons

The Trading Corporation of Pakistan (TCP), in response to government directives, has issued a tender for purchase of 200,000 tons of sugar, which will be opened on November 12. more... (ET)

Political

Post-Lahore party: They may not be able to vote, but Imran’s supporters love a good rally

Eight-year-old Zaafir is at least a decade away from being allowed to even enter a polling booth but he’s already formed a political opinion. more... (ET)

Nawaz Sharif owns only one sugar mill

All of Nawaz Sharif’s assets, except for a sugar mill, have been transferred in the name of his children, sources familiar with the matter told The Express Tribune. more... (ET)

Civil-military representatives to review Indo-Pak dialogue progress

A day after the cabinet approved trade normalisation process with India, a series of meetings are being planned with various stakeholders on the vital issue of bolstering economic relations between the two countries. more... (D)

Malik says Pakistan to work with Afghanistan on border

Pakistan and Afghanistan will work together to monitor all movements through a border crossing by the end of the month, Interior Minister Rehman Malik said Thursday.. more... (D)

GCC

UAE banks have challenging year ahead

International rating agency Moody's Investors Service said yesterday that the next 12 to 18 months could be challenging for the UAE banking system in terms of asset quality and profitability. more... (Gulf News)

Aldar achieves Dh144m profit after restructuring

Aldar Properties, Abu Dhabi's largest real estate developer, posted a third quarter net profit of Dh144 million yesterday after announcing earlier in the week it was to cut almost a quarter of its workforce as part of a major restructuring. more... (Gulf News)

Oman: MSM posts capitalisation value gains in October

The announcement of the companies' 3rd Q results came to its peak during the month of October even with the general index ending the month with a slight recession. The index's limited decrease was in itself a sign of return of investors' confidence regardless of the continued obscurity and conflicting forecasts over the sovereign debt crisis in the euro zone. more... (Zawya)

UAE banks have challenging year ahead

Dubai International rating agency Moody’s Investors Service said yesterday that the next 12 to 18 months could be challenging for the UAE banking system in terms of asset quality and profitability. more... (Zawya)

Quote of the Day:

“A failure is a man who has blundered, but is not able to cash in on the experience.” Elbert Hubbard

 
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 (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
03-Nov-11
02-Nov-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
79.83
-0.26%
13.33%
13.25%
7.70
     
03-Nov-11
02-Nov-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
944..62
972.70
-28.08

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.55
11.61
11.66
11.73
Offer
12.05
11.86
11.91
12.23

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

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
86.16
117.62
1.11
136.58
23.55
1.78
0.63

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.70
11.70
11.81
Last Cut Off.
11.78
11.81
11.88
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.12
12.03
12.02
12.19
10 Y-PIB
12.10
12.13
12.03
12.24

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.99
1.91
2.06
2.07
4.30
8.90
12.13
Change bps
-1.00
8.00
7.00
-22.00
11.00
0.10
10.00

Commodities

     
03-Nov-11
04-Nov-11
change
WTI (USD/bbl)    
91.79
93.85
2.24%
     
Brent (USD/bbl)    
108.73
110.51
1.64%
     
Arab Light (USD/bbl)    
108.08
110.09
1.86%

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
52,155.65
51,336.25
1.60%
Rice IRRI -6(Rs/100kg)
3,112.00
3,113.00
-0.03%
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
1,761.10
1,732.20
1.67%
Sugar 11 (USD/lb)
25.65
25.42
0.90%
Steel (USD/ton)
664.29
665.23
-0.14%
Wheat (CBT) (USD/bu)
636.00
623.50
2.00%
PTA (USD/ton)
1,140.00
1,090.00
4.95%
Copper (USD/ton)
7,901.75
7,870.00
0.40%

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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.