BasedLine

Date: 15-December-2011
KSE-100 Index
Previous Index 11,278.02
Current Index 11,300.99
Change % 0.20%
YTD (CY11) -6.00%
YTD (FY12) -9.56%
KSE-100 Index
Previous Index 20,649.86
Current Index 20,809.12
Change % 0.77%
YTD (CY11) 10.66%
YTD (FY12) -0.61%
International Indicators
 
Close
%age
BSE-30 15,881.10 -0.76
HANGSENG 18,354.40 -0.50
NIKKEI 225 8,519.13 -0.39
FTSE 5,366.80 -2.25
DJIA 11,823.50 -1.10
SSEC 2,248.59 -1.87
NASDAQ 2,539.31 -1.55
 
Close
%age
TASI 6,238.87 0.76
KSE(Kuwait) 5,841.30 -0.02
BSE 1,159.64 0.22
MSM 5,723.41 1.20
ADX 2,442.82 -0.24
DFM 1,385.07 -0.57
QSE 8,769.47 0.06
Capital Market Overview

Market Watch: Bourse rises marginally amid dismal volumes

The stock market closed marginally higher on Wednesday with index heavyweights Oil and Gas Development Company and Fauji Fertilizer Company leading the way.The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.2 per cent or 22.97 points to end at 11,300.99 point levell. more... (ET)

NAVs and Returns
as of December 14, 2011
Funds Offer Redemption
POGSF
10.1923/-
10.1923/-
YTD Return
12.13%
POAIIF
52.8748/-
52.3461/-
YTD Return
13.86%
POAAAF
46.55/-
45.39/-
YTD Return
-10.15%
POIAAF
53.51/-
52.17/-
YTD Return
-0.15%
POAF
10.81/-
YTD Return
11.63%
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
31.57
2,715
28.21
1.89
-6.00%
KSE30
6.31
543
19.30
1.70
-9.66%
KMI30
4.73
407
10.21
1.08
10.66%
KSE All
34.07
2,930
34.96
1.97
-6.39%
December 14 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
144.36
115.91
-27.57%
OGDC
14.50
154.17
129.28
0.77%
UBL
2.00
56.79
44.58
-8.27%
LUCK
1.70
78.13
37.89
10.29%
December 14 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
3.84
-0.43
3.41
Foreign Corporates
1,903.21
-5,678.89
-3,775.68
Overseas Pakistani
186.47
-107.83
-78.64
Grand Total
2,093.53
-5,787.15
-3,693.63
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
13-Dec-11
14-Dec-11
Change
Gross Buy
668.47
-40.90%
17.74
-77.00%
1.64
2.09
27.53%
Gross Sell
-780.96
21.23%
-29.17
6.08%
-4.27
-5.79
35.65%
Net Buy/(Sell)
-113.85
-122.58%
-11.55
-122.75%
-2.62
-3.69
40.72%
S.C.R.A
Country
During the Period FY12TD
14-12-2011
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
-
-
10.35
-
-
-5.77
0.21
1.07
-0.86
Luxembourg
13.48
-
-
33.00
-
-
-23.66
0.76
3.10
-2.34
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
22.42
0.16
-
87.86
0.29
3.47
-69.07
0.25
2.82
-2.56
USA
100.12
-
-
155.38
-
19.06
-74.32
7.26
10.85
-3.59
Total
193.04
1.03
-
344.48
5.00
29.22
-185.19
10.50
18.74
-8.24
News Clippings
Economy

Embezzlement of Rs700m: SECP held responsible for negligence

The Securities and Exchange Commission of Pakistan (SECP), auditors and a credit rating agency have been held responsible by a special parliamentary panel for negligence that provided an opportunity to a politically ‘well-connected’ personality to siphon off depositors Rs700 million. more... (ET)

FBR collects Rs206m from new taxpayers

The Federal Board of Revenue (FBR) has over the past five months brought about 64,000 wealthy people into the tax net who were earlier not paying taxes despite having taxable incomes, documents show. more... (ET)

Pakistani rupee hits record low at 89.58 to dollar

The rupee was traded at 89.58 (to the dollar),” said a bank dealer. The rupee was trading at 89.44/50 to the dollar at 12:57 p.m. (0757 GMT), compared with Tuesday’s close of 89.10/20. more... (D)

US$60 million from IDB for development of Patrind Hydropower Project

The Islamic Development Bank (IDB) would extend long term lease finance (Ijara) facility up to US $60 million to Star Hydro Power Limited for the development of the Patrind hydropower project.more... (D)

Company & Sector Update

Nokia sees Pakistan becoming a high-growth market


Foreign delegates and local entrepreneurs discussed challenges facing businesses, sought greater industry-academia collaboration and highlighted business models to succeed in an emerging market at the 12th Management Association of Pakistan (MAP) Convention on Leadership Challenges for Business Success here on Wednesday. more... (ET)

High demand: Engro Foods to invest in ice cream distribution channel


Engro Foods is likely to continue investing, particularly in its ice cream segment’s distribution network which has been facing difficulties, according to the company’s top official. The company is targeting revenue of Rs32 billion in fiscal 2012 and believes earnings per share can double by the end of 2012. more... (ET)

Union protests against WAPDA privatisation in Lahore


WAPDA workers protests remained continued on Wednesday against the proposed privatisation of power distribution companies and nine national thermal powerhouses of PEPCO in city as well as across the country. more... (DT)

No shortcuts to sustained economic development’

The governor, State Bank of Pakistan, Yaseen Anwar has said that there are no shortcuts to sustained economic development. ‘We need to develop the right strategies and then translate these strategies into action,’ he added. more... (DT)

Political

Zardari discharged from hospital


After receiving heart treatment in a hospital for nine days, President Asif Ali Zardari was shifted on Wednesday to his home in Dubai to take rest, but mystery still shrouds his return to the country and what had actually forced him to leave in haste. more... (D)

Gen Pasha visited Arab states to discuss coup: Ijaz

Pakistani-American businessman Mansoor Ijaz, who kicked up the memo scandal, has come up with an intriguing claim that ISI chief Lt Gen Shuja Pasha had visited Arab countries for discussions on a possible coup, which could add fresh fire to the controversy that has already roiled the national politics and claimed the scalp of country’s ambassador to Washington. more... (D)

Sindh governor reviews law & order situation.

Sindh Governor Dr Ishratul Ibad Khan on Wednesday chaired a meeting at the Governor House, reviewed the prevailing law and order situation in the province and took decisions to improve it further. It was attended among others by the Sindh Home Minister Manzoor Hussain Wasan, Additional Chief Secretary (Home) Wasim Ahmed, Inspector General of Police Sindh Mushtaq Shah, Deputy Director General Rangers Brig Zafar, AIGP Akhtar Gorchani. more... (DT)

Wasan meets Lyari’s Kachhi, Baloch community representatives

Sindh Home Minister Manzoor Hussain Wasan on Wednesday chaired a meeting of the leaders of Pakistan People’s Party (PPP) from Lyari and representatives of Kachhi and Baloch community from the area. more... (DT)

GCC

Egypt's CTRI to list shares next year, chairman says

The market is too unstable at this time, but we hope to list the company during 2012. Our current investments amount to EGP 600 million (USD 100 million). We are not going to expand this any time soon as we are satisfied with our current operations. more... (Zawya)

UAE markets wait on decision

December 14th is D-Day for the country's markets, as they discover whether influential firm MSCI now classifies the UAE and neighbouring Qatar as emerging markets - the same label it has given to the likes of fast-growing China and Brazil. more... (Zawya)

UAE, Qatar fail third bid for MSCI's emerging market status

The UAE and Qatar have failed for a third time to be upgraded to emerging markets status by MSCI, the index compiler announced on Thursday morning. more... (Gulf News)

Opec adopts higher ceiling

Members of the Organisation of Petroleum Exporting Countries (Opec) yesterday agreed to a new production ceiling of 30 million bpd, their first new level in three years. more... (Gulf News)

Quote of the Day:

" Stand up; be bold, be strong. Take the whole responsibility on your own shoulders and know that you are creator of own destiny." Swami Vivekananda

 
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
14-Dec-11
13-Dec-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
78.779
0.01%
13.85%
13.84%
0.80
     
14-Dec-11
13-Dec-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,008.04
986.75
21.29

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
89.63
116.27
1.15
137.97
24.40
1.67
0.78

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.85
11.88
11.94
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
0.99
1.92
1.88
2.09
3.75
8.49
12.65
Change bps
-1.00
-11.00
-10.00
-4.00
-8.00
8.70
0.00

Commodities

     
13-Nov-11
14-Nov-11
change
WTI (USD/bbl)    
99.82
95.50
-4.33%
     
Brent (USD/bbl)    
109.07
106.12
-2.70%
     
Arab Light (USD/bbl)    
110.75
105.69
-4.57%

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
46,820.09
-3.35%
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
1,575.90
1,640.80
-3.96%
Sugar 11 (USD/lb)
22.80
23.44
-2.73%
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.