BasedLine

Date: 12-December-2011
KSE-100 Index
Previous Index 11,392.57
Current Index 11,464.61
Change % 0.63%
YTD (CY11) -4.64%
YTD (FY12) -8.25%
KSE-100 Index
Previous Index 20,917.63
Current Index 21,020.61
Change % 0.49%
YTD (CY11) 11.78%
YTD (FY12) 0.40%
International Indicators
 
Close
%age
BSE-30 16,213.50 -1.67
HANGSENG 18,586.20 -2.73
NIKKEI 225 8,536.46 -1.48
FTSE 5,529.21 0.83
DJIA 12,184.30 1.55
SSEC 2,315.27 -0.62
NASDAQ 2,646.85 1.94
 
Close
%age
TASI 6,288.11 -0.23
KSE(Kuwait) 5,853.30 -0.23
BSE 1,157.00 -0.07
MSM 5,505.46 0.76
ADX 2,458.91 0.69
DFM 1,396.97 0.91
QSE 8,806.88 -0.02
Capital Market Overview

Weekly Review: Politics and fertiliser sector keep KSE-100 at bay

The market finally managed to breathe a sigh of relief as the benchmark KSE-100 index closed in the positive during the week ended December 9. However, the index managed to climb by 0.8% (92 points) as politics and adverse news for the fertiliser sector held it at bay. more... (ET)

NAVs and Returns
as of December 09, 2011
Funds Offer Redemption
POGSF
10.1794/-
10.1794/-
YTD Return
12.23%
POAIIF
52.7926/-
52.2647/-
YTD Return
13.93%
POAAAF
47.04/-
45.86/-
YTD Return
-9.22%
POIAAF
53.94/-
52.59/-
YTD Return
0.65%
POAF
10.77/-
YTD Return
11.14%
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
32.14
2,764
38.12
2.45
-4.64%
KSE30
6.42
552
20.07
2.07
-8.06%
KMI30
4.79
412
16.21
1.76
11.78%
KSE All
34.68
2,982
42.98
2.47
-5.05%
December 09 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
147.95
115.80
-25.77%
OGDC
14.50
158.53
129.17
3.62%
UBL
2.00
57.55
44.54
-7.04%
LUCK
1.70
79.35
37.86
12.01%
December 09 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
-0.32
-0.22
-0.54
Foreign Corporates
-35.44
-14.75
-50.19
Overseas Pakistani
-4.14
-0.66
-4.80
Grand Total
-39.89
-15.64
-55.53
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
08-Dec-11
09-Dec-11
Change
Gross Buy
661.66
-40.12%
10.93
-78.57%
2.57
-0.04
-101.55%
Gross Sell
-766.76
20.68%
-14.97
-19.72%
-3.86
-0.02
-99.60%
Net Buy/(Sell)
-106.38
-121.86%
-4.08
-112.33%
-1.30
-0.06
-95.72%
S.C.R.A
Country
During the Period FY12TD
08-12-2011
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
13.48
-
-
33.00
-
-
-20.83
0.76
0.27
0.49
Switzerland
15.51
0.35
-
25.96
0.53
-
-10.63
0.44
0.16
0.27
UAE
2.17
0.52
-
3.40
4.18
-
-5.42
-
0.04
-0.04
UK
22.23
0.16
-
87.47
0.29
3.47
-68.86
0.07
2.43
-2.35
USA
96.69
-
-
150.48
-
19.06
-71.85
4.83
5.95
-1.12
Total
189.02
1.03
-
335.92
5.00
29.22
-180.66
6.48
10.19
-3.71
News Clippings
Economy

Analysis: Politicking, at the cost of economy

Mired in multiple controversies, the PPP-led coalition government seems completely absorbed in completing its term in office, even as the country’s economy is sinking under a morass of mismanagement, lack of focus, benign neglect and malignant cronyism, charge governments critics. more... (ET)

Pakistan’s phony growth: Failure of the current financial model


This trend began to emerge with the correlation of the growing influence of the International Monetary Fund (IMF) in Pakistan’s financial affairs, which decided to “assist” Pakistan via $11.3 billion lending facility in 2008.more... (ET)

Pakistan’s Nov trade deficit $2.17 billion

Pakistan’s trade deficit widened to $2.17 billion in November, from $1.71 billion in October, according to the Federal Bureau of Statistics. more... (D)

Pakistan welcomes investment from Singapore

Pakistan on Saturday welcoming, interest of the Singapore companies to diversify their investment in Pakistan, assured to offer them enormous opportunities, facilities and investment friendly atmosphere. more... (D)

Company & Sector Update

Swap arrangement: Azerbaijan offers power export to Pakistan

Azerbaijan’s government – currently engaged in an exchange of power with neighbouring countries including Russia, Georgia, Iran and Turkey – made a formal offer to Pakistan in a recent meeting of Pakistan-Azerbaijan Joint Ministerial Commission (JMC) held in Baku. more... (ET)

Govt keeps handing out gas connections



Even as the gas shortage results in rationing throughout the country, the two state-owned gas distribution companies have been handing out new gas connections, adding a load of an average of 1,396 million cubic feet per day (mmcfd) over the last five year. more... (ET)

Pakistan to revisit terms for Afghan Transit Trad

Pakistan has decided to revisit the conditions for Afghan Transit Trade (ATT) on the basis of concrete evidence suggesting that the facility was grossly being misused in many ways, official sources told Dawne. more... (D)

Marble city project revived after five years

The process of setting up a modern marble city has finally started as 300 acres of land have been acquired for the purpose which will house more than 200 processing plants, officials say.more... (DT)

Political


President to submit reply in memo case

Although the presidency and the Prime Minister`s House claim that the condition of President Asif Ali Zradari, currently under treatment in Dubai, is improving with every passing day, he will not be able to return to the country by Dec 19 — when the first hearing of the memo case is scheduled in the Supreme Court. more... (D)


Nato stoppage may last several weeks: Gilani

Prime Minister Yousuf Raza Gilani said on Sunday that the government could go to any length to assert the country`s sovereignty, saying that “I do not rule out the closure of Pakistan`s airspace to US planes’. more... (D)

Backdoor diplomacy: PTI ‘comfortable’ working with the US

Sloganeering and public rhetoric aside, the Pakistan Tehreek-e-Insaf would be willing to partner with the United States, party leaders say. more... (ET)

PML-N aims at mending fences through memogate

When former premier Nawaz Sharif went to the Supreme Court with a petition asking for a judicial probe into the Memogate scandal early this month, he appeared to be bowing down to a popular demand from within his party: “Let’s mend ties with the military establishment.more... (ET)

GCC

Eshraq Properties suffers loss due to conversion delay

Abu Dhabi Abu Dhabi Securities Exchange-listed real estate developer Eshraq Properties said in a filing to the market that it had made a net loss of Dh919,117 for the period July 7 to September 30 due to delays to the official company conversion date to public joint stock.more... (Zawya)

Negative credit outlook only bruises Lebanon bank stocks

Lebanon’s heavyweight banking stocks were slightly bruised after Moody’s, a global credit rating agency, lowered its outlook on the Lebanese banking sector to negative from stable.more... (Zawya)

S&P to review ratings of 50 banks in Middle East

Global credit rating agency Standard & Poor's is reviewing the ratings of 50 banks in the Middle East based on a new set of rating criteria adopted by the agency recently. more... (Gulf News)

Abu Dhabi to issue laws making companies more competitive

The government of Abu Dhabi will issue a set of laws to improve transparency and disclosure in business and make companies more competitive, a top official said yesterday. more... (Gulf News)

Quote of the Day:

" The only way of finding the limits of the possible is by going beyond them into the impossible." Arthur C. Clarke

 
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
09-Dec-11
08-Dec-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
80.147
0.47%
13.34%
13.47%
-13.30
     
09-Dec-11
08-Dec-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
965.32
973.58
-8.26

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.62
11.69
11.72
11.78
Offer
12.12
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  
11.80
11.80
11.75
11.25
11.70
11.75

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
89.01
119.00
1.15
139.25
24.35
1.68
0.76

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.90
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
12.75
12.80
12.19
10 Y-PIB
12.68
12.65
12.75
12.32

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.03
2.15
2.05
2.16
3.84
8.53
12.65
Change bps
1.00
13.00
8.00
4.00
2.00
1.40
-10.00

Commodities

     
08-Nov-11
09-Nov-11
change
WTI (USD/bbl)    
97.76
99.29
1.57%
     
Brent (USD/bbl)    
107.37
108.33
0.89%
     
Arab Light (USD/bbl)    
109.37
110.40
0.94%

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
48,524.90
48,941.46
-0.85%
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
1,698.30
1,714.10
-0.92%
Sugar 11 (USD/lb)
23.40
24.13
-3.03%
Steel (USD/ton)
665.03
664.34
0.10%
Wheat (CBT) (USD/bu)
616.00
643.00
-4.20%
PTA (USD/ton)
1,070.00
1,055.00
1.42%
Copper (USD/ton)
7,792.50
7,685.50
1.39%

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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.