BasedLine

Date: 13-December-2011
KSE-100 Index
Previous Index 11,464.61
Current Index 11,477.12
Change % 0.11%
YTD (CY11) -4.54%
YTD (FY12) -8.15%
KSE-100 Index
Previous Index 20,120.61
Current Index 20,071.16
Change % -0.25%
YTD (CY11) 6.74%
YTD (FY12) -4.13%
International Indicators
 
Close
%age
BSE-30 15,870.30 -2.12
HANGSENG 18,575.70 -0.06
NIKKEI 225 8,653.82 1.37
FTSE 5,427.86 -1.83
DJIA 12,021.40 -1.34
SSEC 2,315.27 -0.62
NASDAQ 2,612.26 -1.31
 
Close
%age
TASI 6,273.27 -0.24
KSE(Kuwait) 5,836.30 -0.29
BSE 1,157.43 0.04
MSM 5,663.86 1.04
ADX 2,457.12 -0.07
DFM 1,388.19 -0.63
QSE 8,797.79 -0.10
Capital Market Overview

Market Watch : Stocks crawl up 13 points in volatile session

Stocks closed marginally higher in a volatile session on Monday as investors booked profits when the bourse was up almost 145 points at midday.The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.11 per cent or 12.51 points to end at the 11,477.12 point level. more... (ET)

NAVs and Returns
as of December 12, 2011
Funds Offer Redemption
POGSF
10.1873/-
10.1873/-
YTD Return
12.17%
POAIIF
52.8479/-
52.3194/-
YTD Return
13.91%
POAAAF
46.92/-
45.75/-
YTD Return
-9.44%
POIAAF
53.72/-
52.38/-
YTD Return
0.25%
POAF
10.80/-
YTD Return
11.65%
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
32.07
2,758
37.13
2.30
-4.54%
KSE30
6.39
549
26.80
2.18
-8.54%
KMI30
4.76
410
18.90
1.58
6.74%
KSE All
34.58
2,974
45.75
2.33
-4.99%
December 12 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
147.87
115.80
-25.81%
OGDC
14.50
157.46
129.17
2.92%
UBL
2.00
57.44
44.54
-7.22%
LUCK
1.70
78.53
37.86
10.86%
December 12 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
-0.75
-0.04
-0.79
Foreign Corporates
-48.57
-14.34
-62.91
Overseas Pakistani
-2.79
6.24
-3.45
Grand Total
-52.11
-8.14
-60.24
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
09-Dec-11
12-Dec-11
Change
Gross Buy
664.82
-39.99%
14.09
-73.85%
-0.04
-0.05
30.62%
Gross Sell
-771.13
20.73%
-19.34
-12.08%
-0.02
-0.01
-47.97%
Net Buy/(Sell)
-107.60
-122.14%
-5.31
-116.27%
-0.06
-0.06
8.49%
S.C.R.A
Country
During the Period FY12TD
12-12-2011
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
22.24
0.16
-
87.57
0.29
3.47
-68.96
0.08
2.53
-2.45
USA
98.37
-
-
152.63
-
19.06
-73.31
5.52
8.10
-2.58
Total
189.75
1.03
-
338.18
5.00
29.22
-182.19
7.21
12.45
-5.24
News Clippings
Economy

Rs5 note to stay till Dec 2012

According to an official announcement, Prime Minister Yousuf Raza Gilani has acceded to the request of the public on the recommendations of the State Bank and finance ministry and approved the one-year extension in the deadline for the note’s exchange. more... (D)

Fall in gram price

The activity on the Karachi wholesale markets last week was relatively slow as leading dealers and brokerage houses stayed on the sidelines most of the time amid reports of easy ready position.more... (D)

Kosher money: Islamic micro finance fails to take centre stage

Despite the extraordinary potential in the country, financial institutions in Pakistan are still not taking Islamic micro financing seriously, said Al Baraka Bank Chief Operating Officer Ahmed Shuja Kidwai. more... (ET)

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

Since 2008, there has been a major boom in the financial sector of Pakistan. Finance has become a prestige’s endeavour, a source of revenue for many upper class citizens, it has become fashion. more... (ET)

Company & Sector Update

Falling cotton prices: NA committee asks govt to intervene

The parliamentarians, largely representing the growers, raised their concerns over massive decline in commodity prices. Cotton seed is being sold at Rs2,200 per 40 kg in Punjab and at Rs1,400-1,800 per 40 kg in Sindh, which has been causing losses to the growers, said Mahmood Hayat Khan of Pakistan Peoples’ Party. more... (ET)

Automobile sales accelerate 19%


Sales stood at 62,353 units in the first five months of fiscal 2012 compared with 52,200 units posted in the same period last year, according to data released by the Pakistan Automotive Manufacturers Association on Monday. more... (ET)

ECC meeting okays urea import; debate on purchase of sugar


There was a clear division between the political constituency and economic policy at a meeting of the Economic Coordination Committee of the cabinet on two crucial issues — purchase of sugar for strategic stocks at abnormally high rates and exemption of tractors from tax. more... (D)

Gas load management: Explanation sought from Ogra, SNGPL

The Lahore High Court on Monday directed the Oil and Gas Regulatory Authority (Ogra) and the Sui Northern Gas Pipelines Limited (SNGPL) to apprise the court of the law under which CNG loadshedding was being carried out.more... (D)

Political

Third force’: Musharraf vexed about Imran’s rise in politics


The rise of Imran Khan and his party Tehreek-i-Insaf (PTI) as an ‘alternative third force’ in mainstream politics isn’t sitting too well with former president Pervez Musharraf and his All Pakistan Muslim League (APML). more... (ET)


Mirza, Fehmida call on Zardari

Former Sindh minister Zulfikar Mirza and Speaker National Assembly Fehmida Mirza called on President Asif Ali Zardari in a Dubai`s hospital on Monday and inquired after his health, a private TV channel reported. more... (D)

MQM-H chief indicted in kidnap case

An anti-terrorism court on Monday indicted the interned chairman of the Mohajir Qaumi Movement, Afaq Ahmed, in a kidnapping for ransom case. more... (D)

Corrupt leaders to blame for country’s ills, says Shahbaz

Punjab Chief Minister (CM) Shahbaz Sharif, while talking to assembly members belonging to various districts on Monday, said that corrupt and inefficient rulers had brought the country to the verge of disaster through price hike and unemployment, making the life of the people miserable. more... (DT)

GCC

Albadi Group to list shares within two years, chairman says

The market is too unstable at this time and most stock exchanges are suffering a marked decline. This has led to a recession in the IPO market," Albadi said. "But we are looking at a listing sometime during the next two years, once the opportunities are suitable," the chairman said. more... (Zawya)

"Kuwait bourse sheds 13.7 pts as volume tapers

Kuwait stocks retreated Sunday, extending the decline from the previous session. The index slipped 13.7 points weighed by profit taking in select heavyweights even as speculative buying boosted some of the low and mid priced scrips .more... (Zawya)

EU pain takes toll on global markets

Global stock markets dived yesterday as investors and ratings agencies delivered a withering verdict on last weekend's crucial EU summit and the ability of European leaders to contain the region's devastating debt crisis. more... (Gulf News)

PIA attracts UAE lenders to $90m Islamic finance

Pakistan International Airlines Corp (PIA), the national carrier of Pakistan, yesterday announced that it raised $90 million (Dh330 million) through an Islamic syndicated fin-ancing facility. more... (Gulf News)

Quote of the Day:

" One who understands much displays a greater simplicity of character than one who understands little."Alexander Chase

 
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
12-Dec-11
09-Dec-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
79.682
-0.58%
13.51%
13.34%
17.20
     
12-Dec-11
09-Dec-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
974.16
965.32
8.84

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.62
11.70
11.73
11.80
Offer
12.12
11.95
11.98
12.30

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.85
11.85
11.85
11.85
11.85
11.90
Low  
9.25
11.75
11.75
11.25
11.70
11.75

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
89.16
118.47
1.15
138.76
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
1.01
2.02
2.03
2.10
3.81
8.45
12.65
Change bps
-2.00
-13.00
-2.00
-6.00
-3.00
-8.60
0.00

Commodities

     
09-Nov-11
12-Nov-11
change
WTI (USD/bbl)    
99.29
98.01
-1.29%
     
Brent (USD/bbl)    
108.33
107.48
-0.78%
     
Arab Light (USD/bbl)    
110.40
109.14
-1.14%

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)
1,678.33
1,692.08
-0.81%
Gold 24cr (Rs./10gm) Khi
47,360.08
48,524.90
-2.40%
Rice IRRI -6(Rs/100kg)
3,103.00
3,136.00
-1.05%
KCA Cotton (Rs/mound)
5,300.00
5,200.00
1.92%
International
Current
Previous
Change
Coal Spot(USD/ton)
109.55
110.35
-0.72%
Gold Futures
1,659.00
1,698.30
-2.31%
Sugar 11 (USD/lb)
23.29
23.40
-0.47%
Steel (USD/ton)
665.03
664.34
0.10%
Wheat (CBT) (USD/bu)
594.25
596.00
-0.29%
PTA (USD/ton)
1,090.00
1,070.00
1.87%
Copper (USD/ton)
7,581.75
7,792.50
-2.70%

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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.