BasedLine

Date: 19-December-2011
KSE-100 Index
Previous Index 11,139.52
Current Index 11,028.14
Change % -1.00%
YTD (CY11) -8.27%
YTD (FY12) -11.75%
KSE-100 Index
Previous Index 20,399.62
Current Index 20,297.43
Change % -0.50%
YTD (CY11) 7.94%
YTD (FY12) -3.05%
International Indicators
 
Close
%age
BSE-30 15,491.30 -2.18
HANGSENG 18,285.40 1.43
NIKKEI 225 8,401.72 0.29
FTSE 5,387.34 -0.25
DJIA 11,866.40 -0.02
SSEC 2,224.84 2.01
NASDAQ 2,555.33 0.56
 
Close
%age
TASI 6,267.67 0.22
KSE(Kuwait) 5,832.40 0.16
BSE 1,159.05 -0.05
MSM 5,710.54 -0.11
ADX 2,412.22 -0.04
DFM 1,372.24 0.35
QSE 8,752.87 -0.19
Capital Market Overview

Weekly review: Bourse plummets to 15-week low

The Karachi Stock Exchange’s (KSE) benchmark 100-share index plummeted 3.81% or 436 points to end at 11,028 point level during the week ended December 16. more... (ET)

NAVs and Returns
as of December 16, 2011
Funds Offer Redemption
POGSF
10.1977/-
10.1977/-
YTD Return
12.10%
POAIIF
52.9022/-
52.3732/-
YTD Return
13.81%
POAAAF
45.60/-
44.46/-
YTD Return
-12.00%
POIAAF
52.83/-
51.51/-
YTD Return
-1.42%
POAF
10.82/-
YTD Return
11.67%
Funds Rating
AMC
AM3
POAIIF
A+ (f)
POAF
AA-
POAAAF
3 Star
POIAAF
5 Star
  Nov-11 Oct-11
MoM (%)
AUM's (PKR bn) 279.54 261.07 7.07%
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
30.81
2,650
36.56
1.96
-8.27%
KSE30
6.12
526
25.42
1.83
-12.38%
KMI30
4.55
392
17.14
1.19
7.94%
KSE All
33.29
2,863
47.64
2.00
-8.62%
December 16 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
137.05
116.52
-31.23%
OGDC
14.50
152.77
143.41
-0.14%
UBL
2.00
52.18
44.82
-15.72%
LUCK
1.70
78.10
38.09
10.25%
December 16 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
9.52
-14.63
-5.12
Foreign Corporates
407.51
-2,562.42
-2,154.90
Overseas Pakistani
485.80
-113.30
372.51
Grand Total
902.83
-2,690.34
-1,787.51
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
15-Dec-11
16-Dec-11
Change
Gross Buy
670.23
-41.13%
19.50
-76.94%
0.90
0.90
0.78%
Gross Sell
-786.45
21.49%
-34.65
13.20%
-2.92
-2.69
-7.97%
Net Buy/(Sell)
-117.62
-123.13%
-15.33
-127.76%
-2.03
-1.79
-11.84%
S.C.R.A
Country
During the Period FY12TD
16-12-2011
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
-
-
11.45
-
-
-6.86
0.21
2.16
-1.92
Luxembourg
13.51
-
-
33.00
-
-
-27.97
0.79
7.45
-6.66
Switzerland
18.10
0.35
-
25.96
0.53
-
-8.04
3.03
0.16
2.86
UAE
2.17
0.52
-
3.40
4.18
-
-5.42
-
0.04
-0.04
UK
22.42
0.16
-
89.00
0.29
3.47
-70.21
0.25
3.96
-3.71
USA
102.74
-
-
157.95
-
19.06
-74.26
9.88
13.41
-3.53
Total
196.97
1.03
-
353.67
5.00
29.22
-190.45
14.43
27.93
-13.50
News Clippings
Economy

Talking Business: Is Pakistan headed for domestic default?

Ladies and gentlemen, we have a problem. Our banks are scooping up the country’s savings for a pittance, and handing it over to the government and there doesn’t appear to be any way to break this ultimately unsustainable cycle of seed corn consumption.more... (ET)

Analytical independence: SBP, finance ministry differ on forex reserve depletion

The State Bank of Pakistan has questioned the federal government’s projections of a marginal decrease in foreign currency reserves, fearing it could fall to as low as $12 billion by June as gap between external payments and receipts balloons to $2.1 billion over the next five months.more... (ET)

Zero-Point gate on Pak-Iran border in Taftan reopens

The Iran government reopened the Zero-Point trade gate on the Pak-Iran border on Sunday in the Taftan area of the Chagai district. Chagai Deputy Commissioner Dr Tufail Baloch told APP that Iranian border force officials had closed Zero-Point trade gate to trade activities for about three months. more... (DT)

Huge income in production of quail, eggs: UVAS

University of Veterinary and Animal Sciences (UVAS) Department of Poultry Production Chairman Prof Dr Muhammad Akram said that the production of various quail breeds and their eggs could be very profitable in the country.more... (DT)

Company & Sector Update

Too little too late: Ban on CNG kits may not be enough


Though government has decided to ban the import of CNG kits and cylinders, it has to do much more to make this ban effective enough to control the expansion of CNG sector and the gas shortage in country, industry officials said.more... (ET)

Funds diverted: USAID backs off from earlier commitment to provide IBA with $5 million


The Centre for Entrepreneurial Development being established at the Institute of Business Administration (IBA) has suffered a major setback, as the United States Agency for International Development (USAID) backed off from its earlier commitment to provide IBA with $5 million, The Express Tribune learned on Friday. more... (ET)

Banks place 77pc NPLs in ‘loss category’


The State Bank said that about 77 per cent of the NPLs (non-performing loans) of the banking sector were still classified in the ‘loss category’, bulk of these infected assets carry slim prospects of recovery. more... (D)

KESC to generate 1100MW electricity till March 2012


Karachi Electric Supply Company, CEO, Tabish Gohar on Thursday said that KESC would increase its electricity generation capacity around 1100 MW till March 2012 through thar coal. more... (BR)

Political

The president is back!


The mystery surrounding President Asif Ali Zardari’s departure earlier this month came to an end on Sunday when he arrived back in the country in the early hours of Monday as suddenly as he left. more... (D)

Influential figures likely to join PTI

Imran Khan’s campaign will gather more steam when a group of about 30 politicians, including some sitting legislators and former federal ministers, will quit their parties on Monday to join his Pakistan Tehrik-i-Insaaf, Dawn has learnt. more... (D)

Abbottabad Commission: Haqqani to be quizzed about CIA visa reports

Former Pakistan ambassador Hussain Haqqani is set to face a tough grilling session by the Abbottabad Commission today for allegedly issuing several hundred visas to Americans linked to the Central Intelligence Agency (CIA) ahead of the May 2nd raid to kill al Qaeda chief Osama bin Laden. more... (ET)

Musharraf announces January 2012 return

Former president Pervez Musharraf announced on Sunday that he would return to Pakistan in January 2012. Musharraf said, via a videoconference in Lahore from London, that the solution to current challenges did not lie in undemocratic initiatives. Dragging the military into politics would be fatal for the country, he warned. more... (ET)

GCC

Taqa to sell some Canadian assets

In October, it unveiled plans to invest C$46.6 million (Dh164 million) in WesternZagros Resources, giving the Canadian-based oil explorer much-needed financial breathing room as drilling draws near for its next big well in Kurdistan. more... (Zawya)

Egyptian market falls on unrest fears

Egypt’s benchmark stock exchange fell the most in almost a month yesterday amid fears that renewed political unrest will hamper the country’s economic recovery. more... (Zawya)

Dubai undecided on bond issue in 2012

The Dubai government has no plans for a sovereign borrowing next year, and any capital raising activity in 2012 is likely to be small-scale, a senior government official said .more... (Gulf News)

Brokers told to display registry numbers

Regulators warned 23 real estate brokerages they could face fines of up to Dh50,000 for failing to display their registration numbers in advertisements they place in the media. more... (Gulf News)

Quote of the Day:

"A Good General not only sees the way to victory; he also knows when victory is impossible." Polybius

 
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
16-Dec-11
15-Dec-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
77.419
-0.69%
14.37%
14.16%
20.50
     
16-Dec-11
15-Dec-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,018.63
1,021.90
-3.27

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.54
11.68
11.72
11.79
Offer
12.04
11.93
11.97
12.29

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.25
11.65
11.85
11.85
11.85
11.90
Low  
10.00
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
116.95
1.16
139.19
24.55
1.67
0.79

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
0.97
1.85
1.84
2.04
3.73
8.38
12.65
Change bps
-1.00
-10.00
-6.00
-6.00
-3.00
-10.80
0.00

Commodities

     
15-Nov-11
16-Nov-11
change
WTI (USD/bbl)    
93.91
92.73
-1.26%
     
Brent (USD/bbl)    
104.04
102.72
-1.27%
     
Arab Light (USD/bbl)    
104.94
105.16
0.21%

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)
420.71
417.57
0.75%
Urea Fertilizer (Rs/bag)
1,681.67
1,678.33
0.20%
Gold 24cr (Rs./10gm) Khi
45,644.98
45,425.56
0.48%
Rice IRRI -6(Rs/100kg)
3,051.00
3,070.00
-0.62%
KCA Cotton (Rs/mound)
4,900.00
5,100.00
-3.92%
International
Current
Previous
Change
Coal Spot(USD/ton)
109.55
110.35
-0.72%
Gold Futures
1,592.00
1,583.70
0.52%
Sugar 11 (USD/lb)
23.08
22.75
1.45%
Steel (USD/ton)
664.03
664.71
-0.10%
Wheat (CBT) (USD/bu)
583.75
579.25
0.78%
PTA (USD/ton)
1,090.00
1,070.00
1.87%
Copper (USD/ton)
7,328.75
7,192.00
1.90%

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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.