BasedLine

Date: 08-December-2011
KSE-100 Index
Previous Index 11,372.21
Current Index 11,283.89
Change % -0.78%
YTD (CY11) -6.14%
YTD (FY12) -9.70%
KSE-100 Index
Previous Index 20,853.32
Current Index 20,546.36
Change % -1.47%
YTD (CY11) 9.26%
YTD (FY12) -1.86%
International Indicators
 
Close
%age
BSE-30 16,877.10 0.43
HANGSENG 19,240.60 1.58
NIKKEI 225 8,722.17 1.71
FTSE 5,546.91 -0.39
DJIA 12,196.40 0.38
SSEC 2,325.90 -0.31
NASDAQ 2,649.21 0.01
 
Close
%age
TASI 6,251.92 0.56
KSE(Kuwait) 5,863.40 -0.11
BSE 1,158.06 0.09
MSM 5,548.42 0.10
ADX 2,443.08 -0.32
DFM 1,386.27 0.24
QSE 8,779.20 0.34
Capital Market Overview

Market Watch: Stocks fall in dull trading session

The stock market fell on Wednesday after remaining closed for four days as negative political news from domestic and international fronts kept investors at bay.The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.78 per cent or 88.32 points to end at 11,283.89 points. more... (ET)

NAVs and Returns
as of December 07, 2011
Funds Offer Redemption
POGSF
10.1770/-
10.1770/-
YTD Return
12.35%
POAIIF
52.7661/-
52.2384/-
YTD Return
13.98%
POAAAF
46.33/-
45.17/-
YTD Return
-10.59%
POIAAF
53.31/-
51.98/-
YTD Return
-0.52%
POAF
10.76/-
YTD Return
11.16%
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
31.63
2,721
32.28
1.60
-6.14%
KSE30
6.29
541
21.53
1.49
-9.87%
KMI30
4.69
403
14.60
1.05
9.26%
KSE All
34.16
2,938
37.87
1.62
-6.47%
December 07 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
144.96
115.69
-27.27%
OGDC
14.50
153.59
129.04
-0.39%
UBL
2.00
56.46
44.50
-8.80%
LUCK
1.70
76.99
37.82
8.68%
December 07 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
15.16
-6.80
8.35
Foreign Corporates
1,518.07
-3,380.94
-1,862.87
Overseas Pakistani
98.76
-69.44
29.32
Grand Total
1,631.99
-3,457.19
-1,825.19
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
02-Dec-11
07-Dec-11
Change
Gross Buy
657.66
-39.84%
6.93
-82.36%
2.75
1.63
-40.76%
Gross Sell
-759.76
20.98%
-7.96
-29.54%
-2.54
-3.46
36.11%
Net Buy/(Sell)
-103.34
-121.44%
-1.05
-103.65%
0.21
1.83
-949.11%
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
4.58
-
-
10.30
-
-
-5.71
0.21
1.01
-0.80
Luxembourg
12.87
-
-
33.00
-
-
-21.40
0.14
0.23
-0.09
Switzerland
15.08
0.35
-
25.96
0.53
-
-11.07
-
0.16
-0.16
UAE
2.17
0.52
-
3.40
4.18
-
-5.42
-
0.04
-0.04
UK
22.23
0.16
-
87.01
0.29
3.47
-68.40
0.07
1.97
-1.89
USA
94.37
-
-
148.04
-
19.06
-72.72
1.51
3.50
-1.99
Total
184.51
1.03
-
332.81
5.00
29.22
-182.05
1.97
7.07
-5.10
News Clippings
Economy

Meeting: New broker registration regime discussed’

The Securities and Exchange Commission of Pakistan (SECP) and the Karachi Stock Exchange, in a meeting on Wednesday, discussed various important market-related matters including the proposed new broker registration regime. more... (ET)

IPOs become scarce in 2011


The Karachi Stock Exchange registered only four new entrants through public offering in 2011, a year when trading activity dropped to levels last seen in 1998. more... (ET)

National Finance Commission meeting likely on 16th

The reconstituted National Finance Commission (NFC) is expected to hold its twice-postponed meeting on Dec 16, reopening at least two settled issues — collection of sales tax on goods and services by a federal agency and Sindh’s demand to make revenue generation a key determinant of provincial shares along with payment of around Rs300 billion arrears. more... (D)


Govt makes huge borrowing from scheduled banks

The government’s borrowing from central bank and scheduled banks is on the rise for meeting its expenses, swelling to Rs 698.314 billion in the recent days, the State Bank of Pakistan (SBP) reported on Wednesday.more... (DT)

Company & Sector Update

CNG stations to stay shut for 18 hours in Sindh

Sui Southern Gas Company (SSGC), in accordance with the federal government’s gas load management plan, has decided to shut down gas supplies to compressed natural gas (CNG) stations in Karachi and other cities of Sindh from 11 pm on December 8 (Thursday) to 5 pm on December 9 (Friday). more... (ET)

Punjab heading for healthy cotton crop


The arrival of cotton at ginning factories by the first week of December, which has touched the figure of 7.5 million bales, indicates that Punjab will produce a handsome crop this season, statistics show. more... (ET)

Pakistan may save Rs 2.17bn on imports

The urea prices in Pakistan are the lowest in the world and after a decline in the urea prices all over the world the commodity’s prices are still higher as compared with Pakistan’s, fertilizer sector analysts said. more... (DT)

Production cost of textiles likely to reduce by 5%

The production cost of textile products is expected to decline by five percent after utilisation of the Formulation and Distribution Centre (FDC) in Karachi. Adviser to Prime Minister on Textile Dr Mirza Ikhtiar Baig, while talking to Daily Times. more... (DT)

Political


US wishes Zardari well, dismisses coup rumors

The United States Wednesday wished Pakistani President Asif Ali Zardari well after aides said he suffered a heart attack and dismissed rumors that the civilian leader was being pushed out.. more... (D)


Osama not at Qaeda helm before raid

Documents found in Abbottabad where Osama bin Laden was killed in May show the al Qaeda leader no longer had any role in operations, a US expert who reviewed the evidence said Wednesday’. more... (D)

'Imran Khan following in Bhutto's footsteps,' says Shah Mahmood Qureshi

Newly-appointed vice chairman of the Pakistan Tehreek-i-Insaaf (PTI), Shah Mahmood Qureshi has said that Imran Khan is following in the footsteps of Zulfikar Ali Bhutto. more... (ET)


Firdous Ashiq injured in car accident

Information and Broadcast Minister Dr Firdous Ashiq Awan’s car met with an accident near Wazirabad on Wednesday, which resulted in the minister fracturing her foot and sustaining injuries. more... (ET)

GCC

2nd UPDATE: Dubai Govt: No Intention To Restructure Entities' Debt Due 2012

DUBAI (Zawya Dow Jones)--Dubai has no intention of restructuring the debt of government entities that falls due next year, though it may seek to refinance part of it, a top government official said Wednesday. more... (Zawya)

Dollar-riyal peg will continue: SAMA governorn

Education Minister Prince Faisal bin Abdullah on Tuesday emphasized the strong Saudi-US partnership and called for expanding cooperation between the two allies into new areas, especially education and human resource development. more... (Zawya)

UAE remains a major hub for foreign investment

The UAE plays a vital role in re-energising trade and investment worldwide and is now the regional headquarters of over 25 per cent of the top 500 companies in the world, said Shaikha Lubna Al Qasimi, Minister of Foreign Trade. more... (Gulf News)

Economy likely to grow 3% amid global headwinds

The economy of Dubai will achieve steady growth of 3 per cent this year despite political, economic and financial challenges in the region and worldwide, Hamad Bu Amim, Director-General of the Dubai Chamber of Commerce and Industry, said yesterday. more... (Gulf News)

Quote of the Day:

" No matter how many goals you have achieved, you must set your sights on a higher one."Jessica Savitch

 
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 (Nov-11) 10.2%
   
CPI Gen. - FY11 (Jul 11- Nov 11) 11.1%
   
NFNE Core INFL - YoY (Nov 11) 10.4%
   
NFNE Core INFL -FY11 (Jul 11 - Nov 11) 10.2%

Money Market

 
Price
Change
07-Dec-11
6-Dec-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
79.232
0.99%
13.66%
13.94%
-27.40
     
07-Dec-11
5-Dec-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
949.34
967.91
-18357

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.62
11.68
11.71
11.78
Offer
12.12
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
11.90
11.85
11.85
11.90
Low  
11.90
11.85
11.80
11.25
11.70
11.75

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
89.35
119.96
1.16
139.39
24.42
1.70
0.76

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.85
11.87
11.94
Last Cut Off.
11.65
11.67
11.80
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.68
12.60
12.50
12.19
10 Y-PIB
12.70
12.67
12.52
12.32

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.05
2.10
2.04
2.23
3.90
8.59
12.67
Change bps
0.00
-8.00
-4.00
-5.00
-12.00
-5.30
15.00

Commodities

     
02-Nov-11
07-Nov-11
change
WTI (USD/bbl)    
101.45
100.45
-0.99%
     
Brent (USD/bbl)    
110.72
109.55
-1.06%
     
Arab Light (USD/bbl)    
112.21
111.23
-0.87%

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)
416.50
416.57
-0.02%
Urea Fertilizer (Rs/bag)
1,692.08
1,780.00
-4.94%
Gold 24cr (Rs./10gm) Khi
49,477.16
49,220.02
0.52%
Rice IRRI -6(Rs/100kg)
3,158.00
3,138.00
0.64%
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
1,742.50
1,732.80
0.56%
Sugar 11 (USD/lb)
23.05
24.18
-4.67%
Steel (USD/ton)
665.03
664.34
0.10%
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.