BasedLine

Date: 20-December-2011
KSE-100 Index
Previous Index 11,028.14
Current Index 11,083.03
Change % 0.50%
YTD (CY11) -7.81%
YTD (FY12) -11.31%
KSE-100 Index
Previous Index 20,297.43
Current Index 20,366.66
Change % 0.34%
YTD (CY11) 8.31%
YTD (FY12) -2.72%
International Indicators
 
Close
%age
BSE-30 15,379.30 -0.72
HANGSENG 18,070.20 -1.18
NIKKEI 225 8,296.12 -1.26
FTSE 5,364.99 -0.41
DJIA 11,766.30 -0.84
SSEC 2,224.84 2.01
NASDAQ 2,523.14 -1.26
 
Close
%age
TASI 6,275.92 0.13
KSE(Kuwait) 5,812.80 -0.34
BSE 1,159.05 -0.05
MSM 5,671.68 -0.68
ADX 2,393.28 -0.79
DFM 1,374.20 0.14
QSE 8,744.76 -0.09
Capital Market Overview

Market Watch: Stocks rise amid dull session

The Karachi Stock Exchange’s (KSE) benchmark 100-share index ended up 0.5 percent, or 54.89 points, at 11,083.03 on Monday, after hitting an intraday high of 11,161.35. more... (ET)

NAVs and Returns
as of December 19, 2011
Funds Offer Redemption
POGSF
10.2062/-
10.2062/-
YTD Return
12.06%
POAIIF
52.9429/-
52.4135/-
YTD Return
13.74%
POAAAF
45.60/-
44.46/-
YTD Return
-12.00%
POIAAF
52.90/-
51.58/-
YTD Return
-1.28%
POAF
10.83/-
YTD Return
11.59%
Funds Rating
AMC
AM3
POAIIF
A+ (f)
POAF
AA-
POAAAF
3 Star
POIAAF
5 Star
  Nov-11 Oct-11
MoM (%)
AUM's (PKR bn) 279.54 266.79 4.78%
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
30.97
2,663
30.48
1.33
-7.81%
KSE30
6.12
527
20.41
1.21
-12.31%
KMI30
4.57
393
14.82
0.80
8.31%
KSE All
33.45
2,876
36.45
1.36
-8.20%
December 19 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
137.26
116.52
-31.13%
OGDC
14.50
153.83
143.41
0.55%
UBL
2.00
51.27
44.82
-17.19%
LUCK
1.70
76.69
38.09
8.26%
December 19 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
44.82
-2.83
41.99
Foreign Corporates
431.42
-2,456.02
-2,024.60
Overseas Pakistani
388.79
-92.25
296.54
Grand Total
865.03
-2,551.10
-1,686.07
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
16-Dec-11
19-Dec-11
Change
Gross Buy
671.08
-41.06%
20.35
-75.94%
0.90
0.87
-4.19%
Gross Sell
-788.94
21.88%
-37.14
21.35%
-2.69
-2.55
-5.18%
Net Buy/(Sell)
-119.29
-123.45%
-16.99
-130.78%
-1.79
-1.69
-5.68%
S.C.R.A
Country
During the Period FY12TD
19-12-2011
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
4.61
-
-
11.45
-
-
-6.83
0.24
2.16
-1.92
Luxembourg
13.51
-
-
33.00
-
-
-30.30
0.79
9.78
-8.99
Switzerland
18.10
0.35
-
26.71
0.53
-
-8.78
3.03
0.91
2.12
UAE
2.17
0.52
-
3.40
4.18
-
-5.42
-
0.04
-0.04
UK
22.54
0.16
-
89.72
0.29
3.47
-70.81
0.38
4.68
-4.30
USA
102.77
-
-
159.46
-
19.06
-75.75
9.91
14.93
-5.02
Total
197.64
1.03
-
359.00
5.00
29.22
-195.11
15.10
33.26
-18.16
News Clippings
Economy

Optimistic: Economic indicators improving, says Shaikh


Federal Finance Minister Dr Abdul Hafeez Shaikh has said economic indicators are showing positive results as large-scale manufacturing has registered growth of 3.6 per cent in the first quarter while revenue collection stood at Rs715 billion up to December 16 compared to Rs555 billion in the same period of last year..more... (ET)

Faltering attempts: Loopholes mar govt tax-collection efforts

The government’s efforts to broaden the tax base and bring in more people into the tax net is off to a bad start, with the vast majority not filing returns and the few who do are claiming exempt status on grounds that their income is derived from agriculture or remittances.more... (ET)

Growth target cut to 3.6pc

Hit by energy shortfalls and floods, the government on Monday formally reduced current year`s economic growth rate target by 0.6 per cent to 3.6 per cent and announced decision to re-pledge Lahore-Islamabad Motorway to bridge financing shortfalls as flows from the United States and telecom sector seem short of budgetary projections. more... (D)

State Bank annual report: Institutional weakness pointed

The State Bank has said institutional weakness at all tiers of the government — judiciary, civil services, law enforcers, regulatory bodies and accountability agencies — are directly responsible for poor economic growth in the country..more... (D)

Company & Sector Update

CNG gas cylinders: Ministry gives deadline to ensure safety


After several accidents involving faulty equipment, the federal petroleum ministry has issued a one-week deadline to owners of vehicles that run on compresses natural gas to ensure the safety of their gas cylinders.more... (ET)

Tube Well Capacitors: Power company to save Rs5m per year


The US Agency for International Development (USAID), in its power distribution programme in cooperation with the Multan Electric Power Company (Mepco), has completed installation of 379 low-tension capacitors on tube wells in three selected feeders of the power company. more... (ET)

Gas protests play havoc with traffic


Violent street protests over the gas crisis created such havoc in the twin cities on Monday that Prime Minister Yousuf Raza Gilani and Bilawal Bhutto Zardari needed helicopters to move between the two cities. more... (D)

Pakistan stocks end off high in political turmoil


Dealers said the market rose early, after the return to Pakistan of President Asif Ali Zardari, whose medical treatment in Dubai triggered speculation he may resign. Tensions have been rising over a memo accusing the country’s generals of plotting a coup.more... (D)

Political

Questions raised: Pressure on Pasha


Asma Jahangir, the counsel for former ambassador to the US Husain Haqqani, said on Monday that the Inter-Services Intelligence (ISI) Director General Shuja Ahmed Pasha “should have resigned immediately” after the May 2 raid in Abbottabad that killed Osama bin Laden. more... (ET)

PM insists ‘no martial law, no caretaker set-up’

It was apparent during the National Assembly session on Monday that President Asif Ali Zardari’s return to Pakistan had done little to assuage fears in parliament. Prime Minister Yousaf Raza Gilani, for his part, said. more... (ET)

Balochistan at point of no return, Mengal tells Nawaz

Veteran Baloch nationalist leader Sardar Ataullah Khan Mengal has accused what he described as the “Punjabi army” of committing atrocities against the Baloch people that had pushed the situation to a ‘point of no return’. more... (D)

Unregistered madaris to be illegal after Jan 1: Malik

Interior Minister Rehman Malik, on Monday, said the madaris which are not registered with Wafaqul/Tanzeemul Madaris would be considered illegal after January 1, 2012. more... (DT)

GCC

GCC playing constructive role in regional issues, says official

The six-nation Gulf Cooperation Council (GCC) has been playing a bigger constructive role in terms of its "engagement in regional and global affairs," said Saad A. Alammar, the GCC's assistant secretary-general for political affairs who was speaking ahead of the council's summit meeting in Riyadh on Monday.more... (Zawya)

Consumer Price Index edges down 0.02%

A report by the National Bureau of Statistics showed that in comparison with base year 2007, the CPI fell 0.09 per cent compared with November 2010, but it increased 0.94 per cent in the first 11 months of this year. more... (Zawya)

Etihad's €72.9m airberlin lifeline expands network to 269 cities

Etihad Airways, the UAE's national carrier, on Monday threw a lifeline to the debt-ridden airberlin by subscribing to 31.57 million new shares for €72.9 million (Dh349.02 million), raising its stake in the second biggest German airline to 29.21 per cent. more... (Gulf News)

Dubai takes public pulse on service satisfaction

The Dubai government is using an expo at the World Trade Centre to get feedback from the public about the quality of services they offer. more... (Gulf News)

Quote of the Day:

"The only way of finding the limits of the possible is by going beyond them into the impossible."Arthur C. Clarke

 
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
19-Dec-11
16-Dec-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
78.176
-0.98%
14.09%
14.37%
-27.90
     
19-Dec-11
15-Dec-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,023.68
1,018.63
5.05

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.53
11.67
11.73
11.80
Offer
12.03
11.92
11.98
12.30

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.90
11.60
11.85
11.85
11.85
11.90
Low  
11.50
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
90.0
117.19
1.16
139.58
24.65
1.67
0.79

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.80
11.85
11.97
Last Cut Off.
11.65
11.67
11.80
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.70
12.60
12.65
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
0.98
1.88
1.83
2.06
3.72
8.33
12.65
Change bps
1.00
3.00
-1.00
2.00
-1.00
-5.00
0.00

Commodities

     
16-Dec-11
19-Dec-11
change
WTI (USD/bbl)    
92.73
94.31
1.70%
     
Brent (USD/bbl)    
102.72
104.18
1.42%
     
Arab Light (USD/bbl)    
105.16
105.18
0.02%

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
45,818.12
45,644.98
0.38%
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
1,597.30
1,592.00
0.33%
Sugar 11 (USD/lb)
23.09
23.08
0.04%
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.