BasedLine

Date: 21-December-2011
KSE-100 Index
Previous Index 11,083.03
Current Index 11,338.04
Change % 2.30%
YTD (CY11) -5.69%
YTD (FY12) -9.27%
KSE-100 Index
Previous Index 20,366.66
Current Index 20,757.81
Change % 1.92%
YTD (CY11) 10.39%
YTD (FY12) -0.85%
International Indicators
 
Close
%age
BSE-30 15,175.10 -1.33
HANGSENG 18,080.20 0.06
NIKKEI 225 8,336.48 0.49
FTSE 5,419.60 1.02
DJIA 12,103.60 2.87
SSEC 2,218.24 -0.29
NASDAQ 2,603.73 3.19
 
Close
%age
TASI 6,288.28 0.20
KSE(Kuwait) 5,822.80 0.17
BSE 1,144.21 -1.28
MSM 5,633.53 -0.67
ADX 2,373.11 -0.84
DFM 1,360.80 -0.98
QSE 8,780.45 0.41
Capital Market Overview

Market Watch: Bourse jumps as activity surges to six-week high

Stock market gained on Tuesday as activity rose to six-week high following some positive triggers, a sight not seen lately at the market.
The Karachi Stock Exchange’s (KSE) benchmark 100-share index surged 2.3% or 255.01 points to end at 11,338.04 point level. more... (ET)

NAVs and Returns
as of December 20, 2011
Funds Offer Redemption
POGSF
10.2069/-
10.2069/-
YTD Return
11.99%
POAIIF
52.9555/-
52.4259/-
YTD Return
13.71%
POAAAF
46.26/-
45.10/-
YTD Return
-10.73%
POIAAF
53.45/-
52.11/-
YTD Return
-0.27%
POAF
10.83/-
YTD Return
11.58%
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
31.68
2,724
57.36
3.07
-5.69%
KSE30
6.27
540
38.09
2.90
-10.17%
KMI30
4.66
401
24.47
1.81
10.39%
KSE All
34.17
2,939
77.80
3.13
-6.20%
December 20 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
140.70
116.52
-29.40%
OGDC
14.50
159.41
143.41
4.20%
UBL
2.00
52.97
44.82
-14.44%
LUCK
1.70
78.31
38.09
10.54%
December 20 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
5.31
-35.75
-30.44
Foreign Corporates
772.17
-6,956.26
-6,184.09
Overseas Pakistani
241.80
-329.65
87.85
Grand Total
1,019.28
-7,321.66
-6,302.38
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
19-Dec-11
20-Dec-11
Change
Gross Buy
672.07
-41.17%
21.34
-75.87%
0.87
1.02
17.16%
Gross Sell
-796.09
22.39%
-44.30
31.22%
-2.55
-7.32
187.12%
Net Buy/(Sell)
-125.52
-124.64%
-23.22
-141.51%
-1.69
-6.30
272.92%
S.C.R.A
Country
During the Period FY12TD
20-12-2011
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
-
-
-30.79
0.79
10.26
-9.47
Switzerland
18.49
0.35
-
26.71
0.53
-
-8.39
-
0.91
2.51
UAE
2.17
0.52
-
3.44
4.18
-
-5.45
-
0.08
-0.08
UK
22.54
0.16
-
89.88
0.29
3.47
-70.97
0.38
4.84
-4.46
USA
102.83
-
-
161.10
-
19.06
-77.33
9.97
16.57
-6.60
Total
198.09
1.03
-
361.31
5.00
29.22
-196.97
15.56
35.58
-20.02
News Clippings
Economy

Pak-Thailand high level trade talks in Islamabad


At the invitation of Commerce Minister, Makhdoom Amin Fahim, Thailand Trade Representative (TTR) Pichate Satirachaval is visiting Pakistan from December 19-21, 2011. more... (DT)

Pakistan exports increase by 7.6% during Jul-Nov 2011

According to the latest trade figures, exports from Pakistan during July-November, 2011-12 were $9.39 billion, while in the corresponding period of 2010-11 exports were 8.72 billion, showed a growth of 7.6 percent. more... (DT)

Mutual funds’ assets cross Rs300b

Assets of mutual funds have crossed the Rs300 billion mark once again, with a rise of 4.5% month-on-month in November and closed at Rs302 billion. The growth in the industry’s asset size has been phenomenal at 74% since January 2009, mainly driven by fixed income and money market funds contributing a cumulative 93%, says a research report. more... (ET)

Overseas entrepreneurs open local chapter

Speaking at a press conference, OPEN Global Chairman Imran Sayeed said the Karachi chapter was the first non-US chapter of the organisation, adding they would hold conferences, seminars and networking events regularly to promote entrepreneurship and create learning opportunities among its members. more... (ET)

Company & Sector Update

Court orders complicate efforts to generate thermal power


Court rulings are making the government’s job of managing the power crisis more difficult than it already is.As the stay orders issued by several courts prevent the National Electric Power Regulatory Authority (Nepra) from raising electricity prices.more... (ET)

Cotton production likely to fall next year


Cotton was being sold at Rs4,600 to Rs5,000 per 40 kilogrammes against last year’s price of Rs7,000, according a survey of the Faisalabad yarn market. This has created uncertainty in the market at a time when production is estimated to be 25% to 30% more than last year. more... (ET)

KPT plans to further slash tariff


Even after registering a growth of around 9.6 per cent, the Karachi Port’s position in terms of cargo handling during 2010-11 scaled down by three positions amongst world ports which have moved faster and worked more efficiently.This was stated by newly-appointed chairman of Karachi Port Trust (KPT), Mohammad Aslam Hayat, in his first media briefing here on Monday.more... (D)

Indo-Pak to institute liberal visa regime for businessmen soon


With Pakistan and India fast heading towards full normalisation of trade and economic relations, a very liberal visa policy is likely to be in place very soon as all formalities to this regard had already been agreed between the two sides.more... (DT)

Political

Kasuri finally crosses the PTI finish line


The race between two former foreign ministers, Khurshid Mehmood Kasuri and Sardar Assef Ahmad Ali, to join Imran Khan’s party ended on Tuesday with Kasuri announcing that he joins the Pakistan Tehreek-e-Insaf (PTI). more... (ET)

Defiant Afaq hits out at MQM

The chairman of the Mohajir Qaumi Movement (MQM-H), Afaq Ahmed, has been a free man for only three days but he already fears that he can be sent back to jail. As a result, he has come out swinging against the self-exiled leader of the Muttahida Qaumi Movement (MQM), Altaf Hussain, to try to prevent this. more... (ET)

Nawaz advises PPP to go for early elections

Pakistan Muslim League-Nawaz (PML-N) chief Nawaz Sharif came up with a tricky piece of advice for the Pakistan People’s Party-led government on Tuesday: go for early elections in order to salvage credibility. more... (D)

Gilani, Asfandyar call on Zardari

Prime Minister Yousuf Raza Gilani called on President Asif Ali Zardari at Bilawal House here on Tuesday and enquired after his health and exchanged views on the political situation, including the memo case, and the stance the government had taken for the supremacy of parliament, informed sources said.more... (D)

GCC

PLO rejects Israel’s economic peace initiative

Tayseer Khalid, a member of the PLO executive committee, said, “Israel will have no room to impose economic peace on Palestinians.” Referring to the Israel-Palestine deadlock as six decades of political conflict, Khalid said the Jewish state was the only impediment to progress in bilateral negotiations .more... (Zawya)

Family-run firms promote open investment climate

The global financial crisis has shed a lot of light on the way major western financial giants function, but it also put the spotlight on family-run businesses such as those in many emerging economies.more... (Zawya)

Sharjah streamlines real estate sector

Sharjah's Real Estate Registration Department (RERD) is the sole body responsible for registering real estate projects, whether completed or still under way, and developers must register all projects with the department before implementation, according to a new decree. more... (Gulf News)

US housing activity starts to pick up

A surge in apartment construction gave builders more work in November. But 2011 is still shaping up to be one of the worst years in history for homebuilders. more... (Gulf News)

Quote of the Day:

"If you want to succeed you should strike out on new paths, rather than travel the worn paths of accepted success."John D. Rockefeller

 
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
20-Dec-11
19-Dec-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
77.806
-0.47%
14.23%
14.09%
14.20
     
20-Dec-11
19-Dec-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,005.26
1,023.68
-18.42

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.58
11.69
11.74
11.80
Offer
12.08
11.94
11.99
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  
11.75
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
90.3
117.29
1.16
139.90
24.67
1.67
0.80

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.80
11.85
11.98
Last Cut Off.
11.65
11.67
11.80
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.70
12.60
12.60
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
1.95
1.93
2.10
3.78
8.28
12.65
Change bps
0.00
7.00
10.00
4.00
6.00
-5.00
0.00

Commodities

     
19-Dec-11
20-Dec-11
change
WTI (USD/bbl)    
94.31
97.89
3.80%
     
Brent (USD/bbl)    
104.18
107.06
2.76%
     
Arab Light (USD/bbl)    
105.18
108.02
2.70%

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
46,648.67
45,818.12
1.81%
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
1,627.90
1,597.30
1.92%
Sugar 11 (USD/lb)
23.49
23.09
1.73%
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.