BasedLine

Date: 14-December-2011
KSE-100 Index
Previous Index 11,477.12
Current Index 11,278.02
Change % -1.73%
YTD (CY11) -6.19%
YTD (FY12) -9.75%
KSE-100 Index
Previous Index 20,968.95
Current Index 20,649.86
Change % -1.52%
YTD (CY11) 9.81%
YTD (FY12) -1.37%
International Indicators
 
Close
%age
BSE-30 16,002.50 0.83
HANGSENG 18,447.20 -0.69
NIKKEI 225 8,552.81 -1.17
FTSE 5,490.15 1.15
DJIA 11,954.90 -0.55
SSEC 2,291.54 -1.02
NASDAQ 2,579.27 -1.26
 
Close
%age
TASI 6,191.51 -1.30
KSE(Kuwait) 5,842.40 0.10
BSE 1,157.05 -0.03
MSM 5,655.52 -0.15
ADX 2,448.70 -0.34
DFM 1,393.02 0.35
QSE 8,763.78 -0.39
Capital Market Overview

Market Watch: Bourse drops to 11-week low on panic selling

Bourse witnessed across the board selling on Tuesday after news that the US agreed to freeze aid worth $700 million to Pakistan.The Karachi Stock Exchange’s (KSE) benchmark 100-share index plummeted 1.73 per cent or 199.1 points to close at 11-week low of 11,278.02 point level. more... (ET)

NAVs and Returns
as of December 13, 2011
Funds Offer Redemption
POGSF
10.1898/-
10.1898/-
YTD Return
12.15%
POAIIF
52.8614/-
52.3328/-
YTD Return
13.89%
POAAAF
46.55/-
45.39/-
YTD Return
-10.15%
POIAAF
53.38/-
52.05/-
YTD Return
-0.38%
POAF
10.81/-
YTD Return
11.64%
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
31.51
2,710
34.83
1.92
-6.19%
KSE30
6.28
540
19.91
1.73
-10.06%
KMI30
4.69
403
11.97
1.11
9.81%
KSE All
34.02
2,925
41.08
1.95
-6.55%
December 13 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
146.53
115.91
-26.48%
OGDC
14.50
152.93
129.28
-0.04%
UBL
2.00
56.54
44.58
-8.67%
LUCK
1.70
77.39
37.89
9.25%
December 13 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
25.80
-2.28
23.52
Foreign Corporates
1,492.27
-4,136.07
-2,643.80
Overseas Pakistani
123.46
-127.91
-4.45
Grand Total
1,641.54
-4,266.26
-2,624.72
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
12-Dec-11
13-Dec-11
Change
Gross Buy
666.43
-39.91%
15.70
-71.52%
-0.05
1.64
3250.23%
Gross Sell
-775.30
20.90%
-23.51
-4.21%
-0.01
-4.27
-52336.76%
Net Buy/(Sell)
-110.20
-122.74%
-7.90
-125.26%
-0.06
-2.62
-4256.76%
S.C.R.A
Country
During the Period FY12TD
13-12-2011
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
-
-
-22.08
0.76
1.52
-0.77
Switzerland
16.88
0.35
-
25.96
0.53
-
-9.26
1.81
0.16
1.65
UAE
2.17
0.52
-
3.40
4.18
-
-5.42
-
0.04
-0.04
UK
22.25
0.16
-
87.72
0.29
3.47
-69.10
0.09
2.68
-2.59
USA
100.11
-
-
153.80
-
19.06
-72.75
7.25
9.27
-2.02
Total
192.86
1.03
-
340.86
5.00
29.22
-181.76
10.32
15.13
-4.81
News Clippings
Economy

Remittances increase 18% in five months

Remittances sent home by overseas Pakistanis rose 18 per cent to $5.24 billion in the first five months (July-November) of the current fiscal year 2011-12 compared with $4.43 billion received in the corresponding period of last year. more... (ET)

NA body defers approval of Securities Act 2010

A parliamentary panel on Tuesday deferred the approval of the Securities Act 2010 aimed at ensuring stringent regulation of the stock markets and asked the Securities and Exchange Commission of Pakistan (SECP) to fine tune the draft of the bill. more... (ET)

Govt borrowing up 86% from SBP in 15 days

The government’s borrowing from central bank recorded surge of 86 percent in the past 15 days on the account of budgetary supports, State Bank of Pakistan’s (SBP) figures showed on Tuesday. more... (DT)

MoC to enhance trade with neighbouring countries

Additional Secretary Ministry of Commerce Kamran Ali Qureshi has said on Tuesday government was focusing to enhance the trade relations with Central Asian States and all the neighbouring countries on priority basis. more... (DT)

Company & Sector Update

Pakistan State Oil cancels jet fuel tender


Pakistan State Oil (PSO) has cancelled a tender to purchase jet fuel in January after the government closed supply routes to Nato troops in Afghanistan, two sources with direct knowledge of the matter said on Tuesday. The supply route was closed in protest against a cross-border raid. more... (ET)

Pak-Turkey: Preferential trade deal to be signed next year


Preferential Trade Agreement (PTA) between Pakistan and Turkey is all set to be signed early next year as the list of goods in this regard is being finalised, stated Turkish Ambassador Hizlan Babur. more... (ET)

Gas load management: High court questions ECC's role


The Lahore High Court on Tuesday questioned the role of the Economic Coordination Committee (ECC) in implementing the gas loadshedding plan by directly issuing a notification and ignoring the laws of the Oil and Gas Regulatory Authority (Ogra). more... (D)

Garment sector loses $800 million export orders

The garment sector lost export orders of $800 million during the first five months of this fiscal year because of the electricity crisis. The garment exports declined by 10 per cent in October and 17 per cent in November. more... (D)

Political

Afghan refugees killed Rabbani, says Khar


Minister for Foreign Affairs Hina Rabbani Khar on Tuesday held Afghan refugees living in Pakistan responsible for the assassination of former Afghan president Prof Burhanuddin Rabbani. more... (D)

Government suggests Nishtar parkfor PTI rally

Sindh Home Minister Manzoor Hussain Wasan said on Tuesday the provincial government had no objection to a rally that Pakistan Tehrik-i-Insaaf wants to hold in Karachi on Dec 25 but asked the party to change the venue or seek permission from the federal government if it insists on organising the event in the park adjoining the Quaid’s mausoleum. more... (D)

Nawaz tells Nisar to recruit for anti-govt movement

The party’s leader, Nawaz Sharif, on Monday gave the go-ahead to Leader of the Opposition Chaudhry Nisar Ali Khan to contact other parties in the National Assembly, in the hope of instigating a fresh “no-confidence” movement against the government. more... (ET)

Sharifs violated deal with Musharraf: NAB

Be it memogate or Hudabiya paper mill’s case, the Supreme Court seems to have become a common ground for the Pakistan Peoples Party (PPP) and the Pakistan Muslim League (PML-N) to battle it out. more... (ET)

GCC

Saudi shares lead Gulf drop as oil prices slide

Gulf shares dropped, sending Saudi Arabia's benchmark stock index down the most in a week, before debt sales by Italy and France and after oil declined. more... (Zawya)

Solidere, BLOM listed on S&P AFE 40 index

Lebanon’s Solidere and BLOM BankBLOM Bank stocks joined the S&P AFE 40, a pan-Arabian stock index that will measure the performance of 40 leading companies from Bahrain, Egypt, Jordan, Kuwait, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Tunisia and the United Arab Emirates. more... (Zawya)

Oil market to be more balanced in 2012

Global oil demand will grow more slowly this year and next due to a worsening econ-omic outlook while supply is increasing, which should produce a more balanced oil market through 2012, the West's energy watchdog said yesterday. more... (Gulf News)

OPEC meets to discuss oil production output

Oil prices rebounded yesterday from recent sharp losses as investors tracked rising stocks in cautious deals before a US interest rate decision on the eve of a meeting of the Organisation of Petroleum Exporting Countries (Opec) in Vienna today to discuss possible production level changes. more... (Gulf News)

Quote of the Day:

" Victory is not the property of brilliants. It is the crown for those who bend themselves in front of Hard work & Confidence."S. Sangeetha

 
Economic Highlights
Economic Indicators
GDP Growth FY12E
4.20%
GDP -2011
$180 bn
Per Capita Income FY11
$1,254
Population
178.09mn
US$ Reserves (Dec 02, 2011)
$16.68 bn
Trade Balance ( July-Nov 11)
$-9.07bn
Curr. A/C (July 11- Oct 11)
$-1.56bn
Remittances (July 11- Nov 11)
$5.24bn
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
13-Dec-11
12-Dec-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
78.771
-1.14%
13.84%
13.51%
33.50
     
13-Dec-11
12-Dec-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
986.75
974.16
12.60

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.56
11.69
11.73
11.80
Offer
12.06
11.94
11.98
12.30

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
9.75
11.75
11.85
11.85
11.85
11.90
Low  
9.10
11.60
11.75
11.25
11.70
11.75

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
89.40
117.24
1.15
138.69
24.35
1.67
0.77

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.85
11.88
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
12.75
12.19
10 Y-PIB
12.68
12.65
12.65
12.32

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.00
2.03
1.98
2.13
3.83
8.40
12.65
Change bps
-1.00
1.00
-5.00
3.00
2.00
-4.30
0.00

Commodities

     
12-Nov-11
13-Nov-11
change
WTI (USD/bbl)    
98.01
99.82
1.85%
     
Brent (USD/bbl)    
107.48
109.07
1.48%
     
Arab Light (USD/bbl)    
109.14
110.75
1.48%

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)
417.57
416.50
0.26%
Urea Fertilizer (Rs/bag)
1,678.33
1,692.08
-0.81%
Gold 24cr (Rs./10gm) Khi
46,820.09
47,360.08
-1.14%
Rice IRRI -6(Rs/100kg)
3,102.00
3,103.00
-0.03%
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
1,631.57
1,666.57
-1.10%
Sugar 11 (USD/lb)
23.29
23.40
-0.47%
Steel (USD/ton)
664.03
664.71
-0.10%
Wheat (CBT) (USD/bu)
600.50
594.25
1.05%
PTA (USD/ton)
1,090.00
1,070.00
1.87%
Copper (USD/ton)
7,576.75
7,581.75
-0.07%

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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.