BasedLine

Date: 01-December-2011
KSE-100 Index
Previous Index 11,506.95
Current Index 11,532.83
Change % 0.22%
YTD (CY11) -4.07%
YTD (FY12) -7.71%
KSE-100 Index
Previous Index 21,154.97
Current Index 21,166.76
Change % 0.06%
YTD (CY11) 12.56%
YTD (FY12) 1.10%
International Indicators
 
Close
%age
BSE-30 16,123.50 0.72
HANGSENG 17,989.30 -1.46
NIKKEI 225 8,434.61 -0.51
FTSE 5,505.42 3.16
DJIA 12,045.70 4.24
SSEC 2,412.39 1.23
NASDAQ 2,620.34 4.17
 
Close
%age
TASI 6,104.56 -0.12
KSE(Kuwait) 5,811.60 0.19
BSE 1,163.11 0.70
MSM 5,420.50 -0.22
ADX 2,444.86 0.36
DFM 1,378.94 0.62
QSE 8,592.40 -0.11
Capital Market Overview

Market Watch: Bourse takes a back seat as volumes drop

The stock market took a back seat on Wednesday as investors shifted their focus towards the monetary policy due later in the evening.The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.22 per cent or 25.88 points to end at 11,532.83 point level. more... (ET)

NAVs and Returns
as of November 30, 2011
Funds Offer Redemption
POGSF
10.1679/-
10.1679/-
YTD Return
12.80%
POAIIF
52.6794/-
52.1526/-
YTD Return
14.23%
POAAAF
47.49/-
46.30/-
YTD Return
-8.35%
POIAAF
54.24/-
52.88/-
YTD Return
1.21%
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
32.37
2,784
33.04
1.53
-4.07%
KSE30
6.51
560
16.48
1.32
-6.80%
KMI30
4.83
415
11.72
0.97
12.56%
KSE All
34.92
3,003
38.49
1.55
-4.48%
November 30 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
151.37
115.39
-24.05%
OGDC
14.50
153.11
128.70
0.08%
UBL
2.00
57.49
44.38
-7.14%
LUCK
1.70
81.60
37.72
15.19%
November 30 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
38.18
-26.79
11.39
Foreign Corporates
1,689.71
-874.33
815.38
Overseas Pakistani
128.71
-161.39
-32.68
Grand Total
1,856.60
-1,062.51
794.09
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
29-Nov-11
30-Nov-11
Change
Gross Buy
650.73
-38.26%
37.43
-63.13%
0.61
1.86
102.09%
Gross Sell
-751.79
21.90%
-41.57
-34.41%
-2.79
-1.06
-61.95%
Net Buy/(Sell)
-102.29
-122.56%
-4.19
-110.73%
-2.18
-0.79
-136.43%
S.C.R.A
Country
During the Period FY12TD
30-11-2011
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
-
-
-21.30
1.87
3.07
-1.19
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
-
84.78
0.29
3.47
-66.24
1.31
11.84
-13.99
USA
92.70
-
-
142.98
-
18.33
-68.61
21.38
28.64
-24.74
Total
178.65
1.03
-
322.80
5.00
28.16
-173.15
30.56
54.94
-51.69
News Clippings
Economy

SBP keeps key policy rate flat at 12 pct

Pakistan’s central bank said on Wednesday it will keep its key policy rate unchanged at 12 per cent for the next two months. The State Bank of Pakistan had cut the rate by 150 basis points to 12 percent on Oct. 8 to promote economic growth. more... (D)

KSE okays market development measures


Significant among them were to grant approval, in principle, for the development of trading platform and system for Government Securities (T-Bills and PIBs) through the KSE and also to approve, in principle, the ‘Concept Paper’ for creation of Small & Medium Enterprises (SME) Board. more... (D)

Tax collection increases 28% to Rs640b

Tax authorities have netted Rs640 billion in the first five months of fiscal 2011, depicting 28% growth in revenue generation and allaying the International Monetary Fund’s concerns that tax collection may fall due to slowdown in economic growth.more... (ET)

Govt restricts budget deficit to Rs257.2b

Amidst worsening economic conditions, the government has managed to restrict the gap between its expenditures and revenues to Rs257.2 billion, but it has failed to arrange foreign loans to finance the deficit. For the first time, the entire burden of financing has been shifted to the domestic market.more... (ET)

Company & Sector Update

Passing the burden: Oil prices increased up to Rs 4.79 per litre

The Oil and Gas Regulatory Authority (Ogra) had proposed not to pass on increase in prices of petrol and High Speed Diesel (HSD) but Finance Ministry turned down the proposal fearing that it could affect revenue collection on account of petroleum levy (PL). more... (ET)

Govt to cut gas supply to fertiliser sector


To counter the risk of mass protests against the government, with the deteriorating gas supply situation, the Ministry of Petroleum has decided to cut the gas supply to the fertiliser sector by 90 million cubic feet per day. This cut will be immediate and the gas will instead be diverted to domestic consumers. more... (ET)

Manufacturing sector grows by 3.57pc

In what appears to be unexpected results, Pakistan’s large-scale manufacturing sector grew by 3.57 per cent in the first quarter of the current fiscal year over the last year partly because of rebasing of indexes used for measuring growth in the industrial sector. more... (D)

Rice exports drop

The rice exports declined to 0.862 million tons during the first four months (July-October) of this fiscal year against 0.977 million tons in the corresponding period last year mainly due to persistent energy crisis. more... (D)

Political

Imran Farooq murder: Diplomatic channels approached over missing Khalid Shamim

Diplomatic channels have been approached to ascertain the whereabouts of Khalid Shamim, an employee of the Karachi Water and Sewerage Board, allegedly in the custody of law enforcing agencies in connection with the murder of Dr Imran Farooq of the Muttahida Qaumi Movement. more... (ET)

NATO attack has raised serious questions: FM Khar

Foreign Minister Hina Rabbani Khar said on Tuesday that the NATO attack on the Mohmand checkpost was not an isolated incident and had raised much bigger questions than whether Islamabad will join an investigation on the event. more... (ET)

Prices of diesel, petrol raised

It added to the woes of already overburdened consumers by increasing the price of high speed diesel (HSD) by Rs4.67 to Rs98.94 per litre and that of petrol by 48 paisa to Rs87.89 per litre for the month of December. more... (D)


PML-N Lawyers Wing condemns NATO attack in Mohmand

The Pakistan Muslim League-Nawaz (PML-N) Lawyers Wing, on Wednesday, staged a protest demonstration against the NATO attack on Pakistan’s military post in Mohmand Agency that left 24 soldiers, including two officers, dead. more... (DT)

GCC

UAE raises public sector salaries

The United Arab Emirates has become the latest Gulf state to boost public sector salaries, announcing pay rises of up to 100 per cent next year and a Dh10bn ($2.7bn) fund to help indebted citizens.more... (Zawya)

Saudi Arabia: Expats given Feb. 28 deadline for change of profession in work permits

The Ministry of Labor has allowed all private companies and establishments the provision to amend professions on work permits of their foreign workers electronically without the need of referring to the ministry.more... (Zawya)

UAE won't take measures against Syria, says official

The UAE will not take unilateral measures against Syria as it is committed to the Arab League’s stand and all resolutions, a top UAE official said. more... (Gulf News)

Global banks tackle crisis

Major central banks around the globe took coordinated action yesterday to ease the strains on the world's financial system, saying they would make it easier for banks to get dollars if they need them. Stock markets and the euro rose sharply on the move.more... (Gulf News)

Quote of the Day:

" Business, more than any other occupation, is a continual dealing with the future; it is a continual calculation, an instinctive exercise in foresight." Henry R. Luce

 
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
30-Nov-11
29-Nov-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
79.592
0.03%
13.51%
13.51%
0.00
     
30-Nov-11
29-Nov-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,022.92
1,065.73
-42.82

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.42
11.52
11.57
11.72
Offer
11.92
11.77
11.82
12.22

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.80
11.80
11.85
11.85
11.85
11.90
Low  
11.25
11.70
11.75
11.75
11.70
11.60

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
88.77
117.11
1.14
137.13
24.15
1.70
0.75

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.60
11.65
11.70
Last Cut Off.
11.93
11.67
11.80
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.15
12.10
12.30
12.19
10 Y-PIB
12.00
11.95
12.12
12.32

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.06
2.28
2.06
2.31
4.01
8.74
11.95
Change bps
-1.00
-5.00
6.00
8.00
5.00
-8.70
-17.00

Commodities

     
29-Nov-11
30-Nov-11
change
WTI (USD/bbl)    
99.25
100.64
1.40%
     
Brent (USD/bbl)    
110.49
110.67
0.16%
     
Arab Light (USD/bbl)    
113.72
112.45
-1.12%

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
49,420.59
48,765.75
1.34%
Rice IRRI -6(Rs/100kg)
3,115.00
3,116.00
-0.03%
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
1,748.70
1,726.30
1.30%
Sugar 11 (USD/lb)
23.69
23.49
0.85%
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.