BasedLine

Date: 02-December-2011
KSE-100 Index
Previous Index 11,532.83
Current Index 11,557.37
Change % 0.21%
YTD (CY11) -3.87%
YTD (FY12) -7.51%
KSE-100 Index
Previous Index 21,166.76
Current Index 21,246.11
Change % 0.37%
YTD (CY11) 12.98%
YTD (FY12) 1.48%
International Indicators
 
Close
%age
BSE-30 16,483.40 2.23
HANGSENG 19,002.30 5.63
NIKKEI 225 8,597.38 1.93
FTSE 5,489.34 -0.29
DJIA 12,020.00 -0.21
SSEC 2,333.41 -3.27
NASDAQ 2,626.20 0.22
 
Close
%age
TASI 6,104.56 -0.12
KSE(Kuwait) 5,835.20 0.41
BSE 1,157.51 -0.48
MSM 5,475.88 1.02
ADX 2,444.86 0.36
DFM 1,378.94 0.62
QSE 8,662.76 0.82
Capital Market Overview

Market Watch: Bourse witnesses another lacklustre session

Lacklustre trading and a directionless market was the theme again for the latest session at the bourse on Thursday.The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.21 per cent or 24.54 points to end at 11,557.37 point level. more... (ET)

NAVs and Returns
as of December 01, 2011
Funds Offer Redemption
POGSF
10.1724/-
10.1724/-
YTD Return
12.83%
POAIIF
52.6929/-
52.1660/-
YTD Return
14.20%
POAAAF
47.52/-
46.33/-
YTD Return
-8.29%
POIAAF
54.28/-
52.92/-
YTD Return
1.28%
POAF
10.75/-
YTD Return
11.21%
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
32.41
2,787
20.92
1.24
-3.87%
KSE30
6.52
561
11.15
1.14
-6.63%
KMI30
4.85
417
7.33
0.76
12.98%
KSE All
34.97
3,008
27.47
1.26
-4.27%
December 01 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
151.05
115.41
-24.21%
OGDC
14.50
154.34
128.73
0.88%
UBL
2.00
57.68
44.39
-6.83%
LUCK
1.70
81.97
37.73
15.71%
December 01 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
60.26
-24.35
35.91
Foreign Corporates
2,315.40
-1,789.57
525.83
Overseas Pakistani
328.88
-338.98
-10.10
Grand Total
2,704.54
-2,152.90
551.64
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
30-Nov-11
01-Dec-11
Change
Gross Buy
653.37
-38.63%
2.64
-75.29%
1.86
2.70
45.41%
Gross Sell
-753.90
21.64%
-2.10
-31.92%
-1.06
-2.15
103.10%
Net Buy/(Sell)
-101.75
-122.06%
0.55
-92.99%
-0.79
0.55
-169.83%
S.C.R.A
Country
During the Period FY12TD
01-12-2011
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
4.37
-
-
9.28
-
-
-4.91
0.14
1.74
-1.59
Luxembourg
12.73
-
-
33.00
-
-
-21.31
1.87
3.08
-1.21
Switzerland
15.08
0.35
-
25.80
0.53
-
-10.90
4.15
4.13
0.02
UAE
2.17
0.52
-
3.36
4.18
-
-5.37
0.18
0.35
-0.17
UK
22.16
0.16
-
85.04
0.29
3.47
-66.51
1.31
12.10
-14.25
USA
92.86
-
-
144.53
-
19.06
-70.73
21.54
30.19
-26.86
Total
182.54
1.03
-
325.74
5.00
29.22
-176.95
30.76
57.87
-55.49
News Clippings
Economy

Rupee slides for fourth consecutive day

The rupee fell for a fourth day on Thursday, because of higher import payments and a bleak economic outlook, driving the currency to a record low of 88.80 to the dollar.The rupee ended at 88.73/83 to the dollar, compared with Wednesday’s close of 88.65/75. The local unit has declined 3.6% this year.. more... (ET)

Forex reserves fall to $16.88 billion


Pakistan’s foreign exchange reserves fell to $16.88 billion in the week ending December 1, compared with $16.96 billion in the previous week, the central bank said on Thursday.Reserves held by the State Bank of Pakistan (SBP) fell to $13.12 billion, compared with $13.20 billion the previous week. Reserves held by commercial banks were flat at $3.76 billion from the previous week.more... (ET)

ECC okays Rs6bn for PS: No decision on sugar purchase, gas pricing

The Economic Coordination Committee (ECC) of the cabinet remained engaged in serious disputes over high price for procurement of sugar for strategic reserves and about 100 per cent proposed increase in purchase price of low-quality natural gas and failed to take decisions on both counts. more... (D)

WB report: Pakistan among top 10 recipients of remittances

World Bank’s new estimates released on Thursday placed Pakistan among top 10 recipients of remittances among developing countries, fetching $12 billion this year.India leads with $58 billion followed by China at $57 billion, Mexico $24 billion and the Philippines $23 billion. more... (D)

Company & Sector Update

Economic Coordination Committee: Rs6 billion bailout for Pakistan Steel approved

The Economic Coordination Committee (ECC) on Thursday approved a bailout package of Rs6 billion as working capital for the ailing Pakistan Steel Mills (PSM) to enable it continuing its operations and avoid imminent shutdown). more... (ET)

Biotechnology: WTO protocol poses hurdles in transfer


New laws and protocols developed in the wake of the formation of the World Trade Organisation (WTO) has been posing hurdles in the transfer of biotechnology, according to Director General, Agriculture and Biotechnology Pakistan Atomic Energy Commission Dr Yusuf Zafar. more... (ET)

PTCL to compete for 3G: PTCL CEO

CEO and President, Pakistan Telecommunication Company Limited (PTCL), Walid Irshaid, has said that his company is going for 3G and it will be the first to compete for a 3G license in Pakistan. more... (DT)

Private sector desires policy rate cut to a single digit

The business community has shown reservation over the monetary policy and said maintaining mark up at 12 percent by State Bank of Pakistan (SBP) would fuel further to the Non-Performing Loans (NPLs) and unemployment in private sector. more... (DT)

Political

SHC allows MQM-H to continue political activities

The Sindh High Court (SHC) on Thursday allowed Muhajir Qaumi Movement-Haqiqi (MQM-H) to continue their political activities under the constitutional rights across Karachi. It said in its verdict: “If any hurdle is created in the party activities, they can get help of relevant authorities. more... (DT)

All permission letters for carrying of weapons suspended

The Sindh government has suspended all permission letters for carrying of weapons, issued in relaxation of ban under Section 144 CrPC immediately till 12th Muharram. more... (DT)

NATO attack: Enough is enough, says Hina Rabbani

Pakistan, enraged by a Nato cross-border attack that killed 24 soldiers, could end support for the US-led war on militancy if its sovereignty is violated again, the foreign minister said, warning that “enough is enoughr. more... (ET)


Al Qaeda claims kidnapping of Weinstein in Pakistan

Zawahiri reportedly claimed in an audio message released on jihadist forums, that al Qaeda had on August 13 abducted the elderly USAID contractor Warren Weinstein, who was “neck-deep in American aid to Pakistan,” the SITE Intelligence. more... (ET)

GCC

Dubai and Abu Dhabi top region as best cities for professionals

Dubai and Abu Dhabi secured the 74th and 78th spots in the corresponding global rankings of cities in the annual survey conducted by the consultancy Mercer. European cities led the way with Vienna and Zurich taking the first two spots, while Auckland was placed third .more... (Zawya)

Egypt: Stock market makes steady gains

Egyptian stock indexes continued to rise in Wednesday's morning session. Arab investors engaged in heavy buying, spurring on gains despite sell-offs by Egyptian and foreign investors.more... (Zawya)

Businessmen unveil plans for 'Muslim Facebook'

A group of Muslim businessmen unveiled plans in Turkey on Thursday for a Facebook-style social networking site with "healthy values" for a young, Islamic audience. more... (Gulf News)

Global corruption index reflects Arab Spring unrest

Awareness of corruption has risen in some Arab countries in the wake of their uprisings earlier this year, a global league table released by Transparency International showed. more... (Gulf News)

Quote of the Day:

" Develop success from failures. Discouragement and failure are two of the surest stepping stones to success."Dale Carnegie

 
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
01-Dec-11
30-Nov-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
79.481
-0.14%
13.55%
13.51%
4.40
     
01-Dec-11
30-Nov-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,020.78
1,022.92
-2.14

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.58
11.65
11.68
11.76
Offer
12.08
11.90
11.93
12.26

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  
11.75
11.80
11.75
11.75
11.70
11.60

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
88.8
118.84
1.14
138.51
24.17
1.70
0.75

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.80
11.85
11.93
Last Cut Off.
11.65
11.67
11.80
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.55
12.50
12.10
12.19
10 Y-PIB
12.60
12.57
11.95
12.32

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.05
2.18
2.08
2.28
4.02
8.70
12.57
Change bps
-1.00
-10.00
2.00
-3.00
1.00
-4.10
62.00

Commodities

     
30-Nov-11
01-Nov-11
change
WTI (USD/bbl)    
101.00
100.04
-0.95%
     
Brent (USD/bbl)    
110.67
109.29
-1.25%
     
Arab Light (USD/bbl)    
112.45
109.85
-2.31%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
98.82
94.15
4.96%
Furnace Oil (Rs/ton)
76,090.20
74,020.76
2.80%
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
49,416.30
49,420.59
-0.01%
Rice IRRI -6(Rs/100kg)
3,129.00
3,115.00
-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
1,745.10
1,748.70
-0.21%
Sugar 11 (USD/lb)
23.59
23.69
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)
7,763.00
7,608.00
2.04%

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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.