BasedLine

Date: 07-December-2011
KSE-100 Index
Previous Index 11,557.37
Current Index 11,372.21
Change % -1.60%
YTD (CY11) -5.41%
YTD (FY12) -8.99%
KSE-100 Index
Previous Index 21,246.11
Current Index 20,853.32
Change % -1.85%
YTD (CY11) 10.89%
YTD (FY12) -0.40%
International Indicators
 
Close
%age
BSE-30 16,805.30 -0.25
HANGSENG 19,179.70 0.73
NIKKEI 225 8,695.98 0.60
FTSE 5,567.96 0.28
DJIA 12,097.80 0.65
SSEC 2,333.23 -1.16
NASDAQ 2,655.76 1.10
 
Close
%age
TASI 6,216.90 -0.18
KSE(Kuwait) 5,870.00 0.54
BSE 1,156.98 -0.05
MSM 5,543.14 0.12
ADX 2,450.86 -0.80
DFM 1,382.92 -1.18
QSE 8,749.54 -0.36
Capital Market Overview

Market Watch: Bourse falls to five-week low

The stock market declined massively ahead of the long weekend as investor sentiments remain dampened.The Karachi Stock Exchange’s (KSE) benchmark 100-share index plummeted 1.6 per cent or 185.16 points to end at the 11,372.21 point level on Friday. more... (ET)

NAVs and Returns
as of December 02, 2011
Funds Offer Redemption
POGSF
10.1642/-
10.1642/-
YTD Return
12.47%
POAIIF
52.7026/-
52.1756/-
YTD Return
14.15%
POAAAF
46.78/-
45.61/-
YTD Return
-9.72%
POIAAF
53.71/-
52.37/-
YTD Return
0.23%
POAF
10.75/-
YTD Return
11.19%
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
31.88
2,742
30.62
1.88
-5.41%
KSE30
6.39
549
21.70
1.77
-8.57%
KMI30
4.76
409
15.82
1.42
10.89%
KSE All
34.43
2,961
36.05
1.91
-5.72%
December 02 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
147.27
115.69
3.92%
OGDC
14.50
152.38
129.04
-33.06%
UBL
2.00
56.50
44.50
3.92%
LUCK
1.70
80.06
37.82
3.92%
December 02 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
18.02
-4.58
13.45
Foreign Corporates
2,609.98
-2,472.40
137.59
Overseas Pakistani
126.86
-62.95
63.92
Grand Total
2,754.87
-2,539.92
214.95
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
01-Dec-11
02-Dec-11
Change
Gross Buy
656.07
-39.70%
5.34
-84.32%
2.70
2.75
1.86%
Gross Sell
-756.38
20.62%
-4.59
-55.66%
-2.15
-2.54
17.98%
Net Buy/(Sell)
-101.54
-121.26%
0.76
-96.87%
0.55
0.21
-61.03%
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

Advance to deposit ratio falls

Violating global norms, the ratio of investment to advances in the banking sector of Pakistan tilted in favour of investment.It means that banks that are supposed to circulate capital through advances in the economy are more focused on money
making investments in the country. more... (D)

Circular debt: Money for oil and gas exploration dries up


As circular debt hits Rs444.5 billion, the financial crisis in the energy sector has been aggravated to the point where oil and gas exploration companies have been unable to engage in the process of finding new fields owing to a lack of cash. more... (ET)

SBP keeps rates on hold: Pakistan inflation risks are back on the radar

After cumulative rate cuts of 200bps at its previous two meetings, the State Bank of Pakistan (SBP) has struck a note of caution about the government’s medium-term outlook, warning that inflationary pressures are building again. more... (ET)

Best short term solution is CNG conversion to LPG: Asim Hussain

Conversion of Compressed Natural Gas (CNG) to Liquefied Petroleum Gas (LPG) is the best solution in short run and policies are under pipeline in this regard. more... (DT)

Company & Sector Update

Thar coal: Pakistan turns down Indian businessman investment proposal

A senior official of the Government of Sindh, also associated with the Thar coal project, on the condition of anonymity told The Express Tribune that the offer was made by Indian industrial tycoon Lakshmi Mittal’s company and was brokered through a consultant firm in Dubai. more... (ET)

Retailers not sharing price relief with consumers


After persistent fall, the wholesale sugar price has remained pegged at Rs53 per kg for the last 10-15 days but the shopkeepers in various markets are still charging Rs58-60 per kg. Consumers had paid Rs80 per kg few months back when the wholesale rate was Rs75 per kg. more... (D)

15.47 per cent rise in cotton production

Increased flow of phutti from cotton fields in the Punjab to ginneries during the last fortnight (Nov 15 to Dec 1) has raised hopes of larger harvest of cotton this season. more... (D)

Pakistan ranks second in Arabia Fast Growth 500 list

A total of 70 companies from Pakistan made it to the list of Arabia500, with Turkey topping the list with 117 companies and Saudi Arabia ranking third with 40. more... (ET)

Political

Zardari may resign over ‘ill health’: report

A US magazine on Wednesday claimed that President Asif Ali Zardari who had gone to Dubai for medical check-up may have angioplasty on Wednesday and he may resign from his office on account of “ill health. more... (D)

Malik thanks Taliban for ensuring peaceful Ashura

Federal Minister for Interior Rehman Malik on Tuesday commended the security forces for maintaining peace during Ashura processions, DawnNews reported. more... (D)

Vacant seat in NA: PPP yet to find Sherry’s replacement

The Pakistan Peoples Party is reportedly in a fix over who to nominate as a replacement of Sherry Rehman in the lower house of parliament. more... (ET)


German FM takes Hina Rabbani Khar into confidence over Bonn outcome

German Foreign Minister Dr Guido Westerwelle called Pakistan’s Foreign Minister Hina Rabbani Khar Monday night to take Pakistan into confidence over the outcome of the Bonn Conference on Afghanistan. more... (ET)

GCC

Petchems fuel Saudi stocks to 3-week high

A sharp rise in oil prices boosted demand in Saudi Arabia's petrochemical stocks pushing the index to a three week high, while Gulf bourses were buoyed on hopes that the euro zone crisis was nearing resolution.more... (Zawya)

Egypt stock market loses 2 billion EGP

Stock market indexes ended its transactions today, December 5, with a sharp decline, supported by an intense sale processes from foreign investors.At the same time of the parliamentary elections runoff, the stock market lost 2.1 billion EGP (U.S. $349.7 million) from its market capital, while Arabs and Egyptians transactions tended to purchases .more... (Zawya)

UAE Vice-President: UAE is a democratic nation of its own making

'We are tribes, we must serve our people ... We must get the education, the universities, the hospitals, housing. And no tax here, and the government has the wealth to spend on their people, ' Shaikh Mohammad says.. more... (Gulf News)

Dubai makes progress in cutting debt, but challenges remain

The Dubai government and its state-owned entities have come a long way in tackling its maturing debt during the last two years, with the government now facing significantly lower liabilities, rating agency Moody's Investor Services said yesterday. more... (Gulf News)

Quote of the Day:

" Let your achievements be your inspiration to reach more goals in life and motivate others."Jerson Manabit

 
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
06-Dec-11
5-Dec-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
78.454
-0.58%
13.94%
13.76%
17.20
     
06-Dec-11
5-Dec-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
967.91
980.76
-12.85

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.61
11.68
11.71
11.78
Offer
12.11
11.93
11.96
12.28

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
11.80
11.75
11.75
11.70
11.60

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
89
118.84
1.14
138.51
24.17
1.70
0.75

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.82
11.85
11.92
Last Cut Off.
11.65
11.67
11.80
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.55
12.50
12.50
12.19
10 Y-PIB
12.55
12.52
12.57
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

     
01-Nov-11
02-Nov-11
change
WTI (USD/bbl)    
100.04
101.45
1.41%
     
Brent (USD/bbl)    
109.29
110.72
1.31%
     
Arab Light (USD/bbl)    
109.85
112.21
2.15%

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
49,220.02
49,416.30
-0.40%
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
1,732.80
1,745.10
-0.70%
Sugar 11 (USD/lb)
24.18
23.59
2.50%
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.