BasedLine

Date: 09-December-2011
KSE-100 Index
Previous Index 11,283.89
Current Index 11,392.57
Change % 0.96%
YTD (CY11) -5.24%
YTD (FY12) -8.83%
KSE-100 Index
Previous Index 20,546.36
Current Index 20,917.63
Change % 1.81%
YTD (CY11) 11.24%
YTD (FY12) -0.09%
International Indicators
 
Close
%age
BSE-30 16,488.20 -2.30
HANGSENG 19,107.80 -0.69
NIKKEI 225 8,664.58 -0.66
FTSE 5,483.77 -1.14
DJIA 11,997.70 -1.63
SSEC 2,329.82 -0.12
NASDAQ 2,596.38 -1.99
 
Close
%age
TASI 6,251.92 0.56
KSE(Kuwait) 5,867.00 0.06
BSE 1,157.79 -0.02
MSM 5,563.34 0.27
ADX 2,442.13 -0.04
DFM 1,384.37 -0.14
QSE 8,808.44 0.33
Capital Market Overview

Market Watch: Fertiliser shares help KSE-100 recover 108 points

The Karachi Stock Exchange’s (KSE) benchmark 100-share index recovered on Thursday and gained 0.96% or 108.68 points to close at 11,392.57 points compared to 11,283.89 a day earlier. more... (ET)

NAVs and Returns
as of December 08, 2011
Funds Offer Redemption
POGSF
10.1775/-
10.1775/-
YTD Return
12.27%
POAIIF
52.7793/-
52.2515/-
YTD Return
13.95%
POAAAF
47.09/-
45.91/-
YTD Return
-9.13%
POIAAF
53.93/-
52.58/-
YTD Return
-0.63%
POAF
10.77/-
YTD Return
11.15%
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
31.94
2,747
44.01
2.45
-5.24%
KSE30
6.40
550
27.21
2.25
-8.37%
KMI30
4.77
410
20.39
1.73
11.24%
KSE All
34.47
2,965
50.27
2.48
-5.61%
December 08 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
148.57
116.05
-27.27%
OGDC
14.50
154.54
129.44
-0.39%
UBL
2.00
57.26
44.64
-8.80%
LUCK
1.70
79.42
37.94
8.68%
December 08 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
8.70
-11.98
-3.28
Foreign Corporates
2,379.55
-3,601.82
-1,222.26
Overseas Pakistani
177.40
-249.06
-71.66
Grand Total
2,565.65
-3,862.86
-1,297.20
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
07-Dec-11
08-Dec-11
Change
Gross Buy
660.17
-40.06%
9.44
29.00%
1.63
2.57
57.21%
Gross Sell
-763.53
20.82%
-11.74
118.58%
-3.46
-3.86
11.73%
Net Buy/(Sell)
-104.62
-121.51%
-2.33
-218.37%
1.83
-1.30
-28.93%
S.C.R.A
Country
During the Period FY12TD
07-12-2011
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
-
-
-
Luxembourg
13.19
-
-
33.00
-
-
-21.09
0.32
0.01
0.31
Switzerland
15.08
0.35
-
25.96
0.53
-
-11.07
-
-
-
UAE
2.17
0.52
-
3.40
4.18
-
-5.42
-
-
-
UK
22.23
0.16
-
87.10
0.29
3.47
-68.50
-
0.09
-0.09
USA
96.58
-
-
150.09
-
19.06
-72.56
2.21
2.05
0.15
Total
187.14
1.03
-
334.96
5.00
29.22
-181.57
2.64
2.16
0.48
News Clippings
Economy

Eobi begins partnership with Easy Paisa

Chairman EOBI Zafar Iqbal Gondal said that considering the problems faced by the pensioners in collecting their pension from banks the institution reviewed various options and decided that the Easy Paisa scheme was the best way to go. more... (ET)

Secp: 248 new companies registered in Nov.


The Securities and Exchange Commission of Pakistan (SECP) registered 248 new companies in November, with private companies having the highest share at 210.more... (ET)

Removal of power subsidy on agri tube wells okayed

The federal cabinet here on Thursday approved withdrawal of power tariff subsidy on agriculture tube wells in all four provinces to control the growing circular debt in the future. more... (DT)

PSO receivables jump to Rs 172 billion

The receivables of Pakistan State Oil (PSO) have surged to Rs 172 billion as on December 2011 whereas payables are estimated at Rs 161 billion in the same period.more... (DT)

Company & Sector Update

Pakistan Steel: White elephant for the govt, messiah for its employees

A reference to Pakistan Steel often evokes the image of an overstaffed, money-guzzling white elephant that needs a government bailout every few years). more... (ET)

Powerful lobby: Government mulls withdrawal of 16% sales tax on tractors


The government will today (Friday) consider a proposal to withdraw 16 per cent tax on sales of tractors as the powerful agricultural lobby continues to mount pressure to reverse measures introduced in March to bring this sector into the tax net. more... (ET)

LCCI rejects SNGPL’s 4-day gas closure plan

The Lahore Chamber of Commerce and Industry (LCCI) Thursday rejected the SNGPL four-day gas closure plan and said it would prove last nail in the coffin as a total shut down would be imminent after the move that would be putting the jobs of over 15 million people and exports of around $14 billion at stake. more... (DT)

WAPDA employees protest against privatisation

Employees of the Water and Power Development Authority (Wapda) on Thursday took out rallies in various parts of the country to protest against the proposed privatisation of power distribution companies and demanded the government to get rid of rental power plans and private thermal houses. more... (DT)

Political

Blast in Karachi leaves 3 Rangers personnel dead

The explosives were reportedly planted near the Safoora Chowrangi in the Gulistan-e-Jauhar area and exploded when the Rangers vehicle approached the spot. Police said that about 8-10kg of explosives were used in the blast. more... (ET)


In political scramble, Nawaz hopes to rake in Sindh’s finest

The party has finalised a list of about 25 seasoned politicians from Sindh who are expected to join PML-N during party chief Nawaz Sharif’s visit to the province scheduled for December 10, sources told’. more... (ET)

Marri plays down rumours about Zardari

Sindh Information Minister Shazia Atta Marri said on Thursday that President Asif Ali Zardari would return to Pakistan once he gets a green signal from his doctors. more... (DT)

Rally condemns NATO attack

The Islamabad High Court Bar Association (IHCBA) and other factions of society held a rally on Thursday against NATO attack that the 24 Pakistani soldiers were killed in the cross-border on a Pakistani check post.more... (ET)

GCC

Abu Dhabi will undergo ?short-term fall in demand

Abu Dhabi Abu Dhabi’s property market is likely to remain sluggish through the initial months of the new year due to suppressed demand coinciding with increasing supply. more... (Zawya)

Habtoor Hotels upbeat about 2012 prospects

Dubai Al Habtoor Group expects its hotels business to yield healthy growth in 2012, as the group’s four hotels achieved “good” results in 2011, the company said in a statement yesterday. more... (Zawya)

Nato keen to deepen relations with GCC members

A North Atlantic Treaty Organisation (Nato) senior official has reiterated the alliance's keenness to reinforce its cooperation and relations with individual members of the Gulf Cooperation Council (GCC), through the Istanbul Cooperation Inititiave (ICI). more... (Gulf News)

UN envoy praises new beginning in Yemen on return

The UN special envoy to Yemen, Jamal Bin Omar, returned to Sana'a yesterday to review practical steps taken to honour the UN resolution and the GCC power transfer deal signed by President Ali Abdullah Saleh in Riyadh last month. more... (Gulf News)

Quote of the Day:

" The most important single central fact about a free market is that no exchange takes place unless both parties benefit." Milton Friedman

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

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.63
11.69
11.72
11.78
Offer
12.13
11.94
11.97
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
11.80
11.80
11.25
11.70
11.75

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
89.32
119.61
1.16
139.98
24.40
1.70
0.76

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.88
11.90
11.95
Last Cut Off.
11.65
11.67
11.80
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.85
12.80
12.60
12.19
10 Y-PIB
12.78
12.75
12.67
12.32

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.02
2.02
1.97
2.12
3.82
8.52
12.75
Change bps
-3.00
-8.00
-7.00
-11.00
-8.00
-7.50
8.00

Commodities

     
07-Nov-11
08-Nov-11
change
WTI (USD/bbl)    
100.45
97.76
-2.68%
     
Brent (USD/bbl)    
109.55
107.37
-1.99%
     
Arab Light (USD/bbl)    
111.23
109.37
-1.67%

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
48,941.46
49,477.16
-1.08%
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
1,714.10
1,742.50
-1.63%
Sugar 11 (USD/lb)
24.13
23.05
4.69%
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)
7,685.50
7,793.00
-1.38%

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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.