BasedLine

Date: 16-December-2011
KSE-100 Index
Previous Index 11,300.99
Current Index 11,139.52
Change % -1.43%
YTD (CY11) -7.34%
YTD (FY12) -10.86%
KSE-100 Index
Previous Index 20,809.12
Current Index 20,399.62
Change % -1.97%
YTD (CY11) 8.48%
YTD (FY12) -2.56%
International Indicators
 
Close
%age
BSE-30 15,836.50 -0.28
HANGSENG 18,026.80 -1.78
NIKKEI 225 8,377.37 -1.66
FTSE 5,400.85 0.63
DJIA 11,868.80 0.38
SSEC 2,228.53 -0.89
NASDAQ 2,541.01 0.07
 
Close
%age
TASI 6,238.87 0.76
KSE(Kuwait) 5,823.30 -0.31
BSE 1,159.05 -0.05
MSM 5,716.81 -0.12
ADX 2,413.24 -1.21
DFM 1,367.49 -1.27
QSE 8,752.87 -0.19
Capital Market Overview

Market Watch: Stock market takes a dive

The stock market plummeted on Thursday as investor sentiments fell and foreigners continue to pull their money out of the bourse.The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 1.43 per cent or 161.47 points to end at 11,139.52 point level. more... (ET)

NAVs and Returns
as of December 15, 2011
Funds Offer Redemption
POGSF
10.1952/-
10.1952/-
YTD Return
12.12%
POAIIF
52.8884/-
52.3595/-
YTD Return
13.84%
POAAAF
45.90/-
44.75/-
YTD Return
-11.42%
POIAAF
52.89/-
51.57/-
YTD Return
-1.30%
POAF
10.81/-
YTD Return
11.62%
Funds Rating
AMC
AM3
POAIIF
A+ (f)
POAF
AA-
POAAAF
3 Star
POIAAF
5 Star
  Nov-11 Oct-11
MoM (%)
AUM's (PKR bn) 277.94 261.07 6.46%
No of AMCs 26 26 -
No of Funds 128 128 -
KSE Market Data
KSE Market Data
Capitalization
Volume
Traded Val.
KSE Return
 
(USD bn)
(Rs. bn)
(Sh. mn)
(Rs.bn)
(YTD)
KSE100
31.12
2,677
43.86
1.97
-7.34%
KSE30
6.18
531
28.57
1.77
-11.53%
KMI30
4.58
394
21.12
1.29
8.48%
KSE All
33.59
2,889
52.04
2.01
-7.71%
December 15 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
139.67
116.52
-29.92%
OGDC
14.50
154.09
143.41
0.72%
UBL
2.00
53.96
44.82
-12.84%
LUCK
1.70
76.84
38.09
8.47%
December 15 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
7.52
-8.43
-0.91
Foreign Corporates
514.42
-2,598.63
-2,084.22
Overseas Pakistani
373.91
-316.38
-57.53
Grand Total
895.85
-2,923.44
-2,027.59
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
14-Dec-11
15-Dec-11
Change
Gross Buy
669.35
-41.21%
18.62
-77.98%
2.09
0.90
-57.21%
Gross Sell
-783.82
21.09%
-32.02
4.61%
-5.79
-2.92
49.48%
Net Buy/(Sell)
-115.85
-122.78%
-13.56
-124.56%
-3.69
-2.03
-45.11%
S.C.R.A
Country
During the Period FY12TD
15-12-2011
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
-
-
11.41
-
-
-6.83
0.21
2.13
-1.92
Luxembourg
13.49
-
-
33.00
-
-
-25.68
0.77
5.14
-4.37
Switzerland
16.97
0.35
-
25.96
0.53
-
-9.17
1.90
0.16
1.74
UAE
2.17
0.52
-
3.40
4.18
-
-5.42
-
0.04
-0.04
UK
22.42
0.16
-
88.63
0.29
3.47
-69.84
0.25
3.59
-3.34
USA
102.59
-
-
157.17
-
19.06
-73.63
9.73
12.63
-2.90
Total
195.60
1.03
-
350.18
5.00
29.22
-188.33
13.07
24.45
-11.38
News Clippings
Economy

India, Pakistan to evaluate cross border listing bourses

Pakistani securities market regulator has shown keen interest to promote and allow the listing of products based on India’s Sensex index at the domestic stock exchanges of the country. more... (DT)

Forex: Reserves rise to $16.69 billion

Pakistan’s foreign exchange reserves inched up to $16.69 billion in the week ending December 9 compared with $16.68 billion in the previous week because of an increase in the reserves of commercial banks, the central bank said on Thursday. more... (ET)

LCCI for steps to tax the untaxed sectors

Lahore Chamber of Commerce and Industry Thursday urged the Federal Board of Revenue (FBR) to evolve a mechanism to tax the untaxed sectors as the fast widening gap between potential and the actual growth rate is the real threat to the economy. more... (DT)

Rupee should be allowed to drop another 9%: economist

Pakistan should let its currency depreciate almost 9% to remain competitive in the world, said a former World Bank official on Thursday, joining the chorus to put pressure on the central bank to allow the market determine the real value of the rupee. more... (ET)

Company & Sector Update

No more free ride: PSO not to go easy on Pakistan Railways


Despite getting instructions from the finance ministry, Pakistan State Oil is reluctant to increase the credit limit for cash-strapped Pakistan Railways for the purchase of furnace oil.more... (ET)

Gas cut leads to closure of 600 industrial units


More than 600 industrial units of Faisalabad region remained closed on Thursday under the new gas load-shedding schedule for four days a week, which angered employers and workers who took out processions and blocked busy roads to protest the outage. more... (ET)

ECC`s ban on import of CNG kits


The Economic Coordination Committee of the Cabinet on Thursday placed a ban on the import of CNG conversion kits and cylinders in view of the gas shortage in the country. more... (D)

SNGPL asked to provide gas pressure details


Not ready to buy the reason given by the Sui Northern Gas Pipelines (SNGPL) for the low gas pressure in the city, the Islamabad High Court (IHC) on Thursday directed the company to submit its distribution plan as well as the details about the pressure at which the gas enters and exits at its three main sales metering stations for the Islamabad territory. more... (D)

Political

Military coup charges: ISI chief should resign, face inquiry, says Gohar


The mood in the National Assembly session on Thursday, however, was anything but when a female parliamentarian demanded that Inter-Services Intelligence (ISI) chief Lt General Ahmed Shuja Pasha should resign and face an inquiry based on the allegations that he had met some Arab leaders early this year to discuss a military coup in Pakistan. more... (ET)

Zardari’s pledge: Formation of Seraiki province inevitable, Dasti told

Talking to Pakistan Peoples Party (PPP) MNA Jamshed Dasti, President Zardari said he was making a quick recovery and would be back in Pakistan in no time. He said he would make an announcement over the coming weeks regarding the formation of the province during his visit to Multan. more... (ET)

Opposition not to become part of any conspiracy: Nisar

Leader of the Opposition in National Assembly Chaudhry Nisar Ali Khan on Thursday said that the opposition would fully support the government if any conspiracy was hatched against the democracy. more... (D)

More presidency staff sent to Dubai

A second batch of secretarial staff of the presidency flew to Dubai on Thursday amid speculations that a presidential camp office was being set up at the residence of ailing President Asif Ali Zardari in the posh area of Jumeirah where he had shifted from hospital on Wednesday. more... (D)

GCC

Asian shares up on upbeat US data, Spain bond sale

Asian markets followed Wall Street and European shares higher Friday as strong US data on jobs and manufacturing and a successful Spanish bond auction tempered fears over the eurozone. more... (Zawya)

Jarir is expected to generate SR4.9bn revenue in 2012

Dividend per share (DPS) in Q3 was increased 70 percent to SR3.40 as management appears to be targeting a steady payout ratio. more... (Zawya)

Al Ghurair will invest $2b in oil refineries in Libya and Pakistan

Al Ghurair Investment is set to invest $2 billion (Dh7.3 billion) in the energy sector, especially in setting up and upgrading two oil refineries in Libya and Pakistan, a top official said.more... (Gulf News)

Arab educators highlight need for clear benchmarks

Establishing clear principles and benchmarks for quality education was the focus of the Arab Network for Quality Assurance in Higher Education, held in the capital. more... (Gulf News)

Quote of the Day:

"Your strength has no clue of the extent of power your mind possesses." Yemi Onikoyi

 
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 09, 2011)
$16.69 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
15-Dec-11
14-Dec-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
77.957
-1.04%
14.61%
13.85%
30.90
     
15-Dec-11
14-Dec-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,021.90
1,008.04
21.29

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.53
11.68
11.71
11.79
Offer
12.03
11.93
11.96
12.29

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
9.10
11.65
11.85
11.85
11.85
11.90
Low  
9.00
11.50
11.75
11.25
11.70
11.75

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
90.1
116.76
1.16
138.91
24.55
1.67
0.78

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.80
11.85
11.94
Last Cut Off.
11.65
11.67
11.80
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.70
12.65
12.75
12.19
10 Y-PIB
12.70
12.65
12.65
12.32

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.98
1.95
1.90
2.10
3.76
8.49
12.65
Change bps
-1.00
3.00
2.00
1.00
1.00
-0.40
0.00

Commodities

     
14-Nov-11
15-Nov-11
change
WTI (USD/bbl)    
95.50
93.91
-1.66%
     
Brent (USD/bbl)    
106.12
104.04
-1.96%
     
Arab Light (USD/bbl)    
105.69
104.94
-0.71%

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
45,425.56
45,251.56
0.38%
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
1,583.70
1,575.90
0.49%
Sugar 11 (USD/lb)
22.75
22.80
-0.22%
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.