BasedLine

Date: 22-December-2011
KSE-100 Index
Previous Index 11,338.04
Current Index 11,268.55
Change % -0.61%
YTD (CY11) -6.27%
YTD (FY12) -9.82%
KSE-100 Index
Previous Index 20,757.81
Current Index 20,532.47
Change % -1.09%
YTD (CY11) 9.19%
YTD (FY12) -1.93%
International Indicators
 
Close
%age
BSE-30 15,685.20 3.36
HANGSENG 18,416.40 1.86
NIKKEI 225 8,459.98 1.48
FTSE 5,389.74 -0.55
DJIA 12,107.70 0.03
SSEC 2,191.15 -1.11
NASDAQ 2,577.97 -0.99
 
Close
%age
TASI 6,330.01 0.66
KSE(Kuwait) 5,815.10 0.05
BSE 1,142.87 -0.12
MSM 5,634.93 0.03
ADX 2,343.77 0.02
DFM 1,334.79 -0.08
QSE 8,784.52 0.05
Capital Market Overview

Market Watch: Bears take over the stock market

The burst in volume and the upward spree seen in the index was short-lived as bears returned to the market on Wednesday as investors opted to book profits.The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.61 per cent or 69.49 points to end at 11,268.55 point level. more... (ET)

NAVs and Returns
as of December 21, 2011
Funds Offer Redemption
POGSF
10.2091/-
10.2091/-
YTD Return
11.97%
POAIIF
52.9683/-
52.4386/-
YTD Return
13.68%
POAAAF
46.03/-
44.88/-
YTD Return
-11.16%
POIAAF
53.23/-
51.90/-
YTD Return
-0.67%
POAF
10.83/-
YTD Return
11.57%
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
31.48
2,708
39.12
2.09
-6.27%
KSE30
6.21
534
23.32
1.84
-11.05%
KMI30
4.61
396
15.18
1.22
9.19%
KSE All
33.98
2,922
46.58
2.14
-6.72%
December 21 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
139.76
116.52
-29.87%
OGDC
14.50
156.60
143.41
2.36%
UBL
2.00
53.22
44.82
-14.04%
LUCK
1.70
78.72
38.09
11.12%
December 21 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
6.73
-2.42
4.32
Foreign Corporates
1,187.73
-1,556.92
-369.20
Overseas Pakistani
216.18
-681.14
464.96
Grand Total
1,410.64
-2,240.48
-829.84
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
20-Dec-11
21-Dec-11
Change
Gross Buy
673.45
-41.22%
22.72
-75.24%
1.02
1.41
38.40%
Gross Sell
-798.28
22.47%
-46.49
32.31%
-7.32
-2.24
-69.40%
Net Buy/(Sell)
-126.34
-124.71%
-24.04
-141.48%
-6.30
-0.83
-86.83%
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

New low: Rupee crosses 90 mark against dollar

The rupee traded at a record low of 90.03 to the dollar on Wednesday as import payments rose and exporters held on to the greenback following a bleak economic outlook for the country. more... (ET)

Anti money laundering campaign increased remittances: Malik

Interior Minister Rehman Malik said Wednesday that home remittances have surged from $ 4.6 billion to $ 11.2 billion in the last three years following the tough and effective action against money laundering. more... (D)

Massive income tax evasion unearthed

As per details, the case involved benami bank transactions; huge taxable income is being channelled in the hands of a low-paid employee through a local bank, who was not an existing taxpayer to conceal the income from the tax officers. more... (ET)

MoC to notify Import and Export Policy Orders 2011

Ministry of Commerce would soon notify set of changes in the Strategic Trade Policy Framework (STPF) 2009-12 by amending Import Policy Order 2009 and Export Policy Order 2009, the approval in this regard from the ECC of the Cabinet has already been taken. more... (DT)

Company & Sector Update

Industrialists protest against power cuts


Different town associations of Karachi met on Wednesday and demanded Karachi Electric Supply Company (KESC) to immediately end 8-hour load shedding in industrial zones of the city.more... (ET)

Pakistani rice exporters losing out to India


Pakistani rice exporters may eventually lose ground to more competitive Indian neighbours who have begun to edge out Pakistan in the international market.. more... (ET)

Food exports surge 22.7% to reach $1.514bn


The exports of food commodities surged by 22.73 percent during the first five months of the current fiscal year to reach at $1.514 billion, Federal Bureau of Statistics (FBS) reported. more... (DT)

Urea price hike on the cards


The price of Engro urea is being increased by around Rs 100 per bag to Rs 1,580 per 50 kilogramme (kg) bag.According to sources, the new price would be effective from today and differential would be collected on all the pending orders as well. more... (DT)

Political

Pakistan committed to engaging with India on Kashmir


Foreign Minister Hina Rabbani Khar on Wednesday told the National Assembly that Pakistan was committed to pursuing a constructive, sustained and result-oriented process of engagement with India, including on the issue of Kashmi . more... (ET)

Dr Asim urges joint efforts to overcome gas shortage

Minister for Petroleum and Natural Resources Dr Asim Hussain on Wednesday said that joint efforts were required to overcome energy crisis in the country. more... (D)

National security committee summons army, ISI chiefs

Chaired by Senator Raza Rabbani, the panel also decided to call Husain Haqqani, Pakistan’s former ambassador to the US, who is at the heart of the bitter controversy which has engulfed national politics over the past two months.more... (ET)

Malik directs FIA to trace manufacturers of faulty cylinders

Interior Minister Rehman Malik on Wednesday directed the Federal Investigation Agency (FIA) to find out the manufacturers of sub-standard CNG and LPG cylinders fitted in public transport vehicles and take action against these companies.more... (DT)

GCC

MSM extends losses to fourth session

The local bourse shed 0.67 per cent, extending losses to the 4th session amid thin volumes. Most regional markets edged lower on negative global cues. more... (Zawya)

Almarai acquires Fondomonte in $83m deal

Dubai Saudi Arabian dairy giant Almarai has announced a $83 million (Dh304.61 million) acquisition of an Argentine farm company in an effort to secure feed supplies to its cattle overseas.more... (Zawya)

Dubai and Abu Dhabi markets touch all-time lows

It was a bleak day for the UAE's bourses yesterday as both the Dubai Financial Market and the Abu Dhabi Securities Exchange touched their all-time lows. more... (Gulf News)

Political pressure takes toll in weak economic climate

With political wrangling jeopardising badly needed reforms to rejuvenate a rapidly slowing Indian economy, Dalal Street faces a gloomy outlook at least in the next six months if not more.more... (Gulf News)

Quote of the Day:

"Goals are the fuel in the furnace of achievement."Brian Tracy

 
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
21-Dec-11
22-Dec-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
77.764
-0.05%
14.26%
14.23%
3.20
     
21-Dec-11
21-Dec-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,001.50
1,005.26
-3.76

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.60
11.68
11.72
11.80
Offer
12.10
11.93
11.97
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
90.4
118.38
1.17
141.68
24.70
1.67
0.80

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.85
11.94
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
1.93
1.97
2.07
3.74
8.34
12.65
Change bps
0.00
-2.00
4.00
-3.00
-4.00
6.40
0.00

Commodities

     
20-Dec-11
21-Dec-11
change
WTI (USD/bbl)    
97.89
98.85
0.98%
     
Brent (USD/bbl)    
107.06
107.65
0.55%
     
Arab Light (USD/bbl)    
108.02
109.16
1.06%

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
46,241.54
45,648.67
-0.87%
Rice IRRI -6(Rs/100kg)
3,001.00
3,052.00
-1.67%
KCA Cotton (Rs/mound)
4,900.00
5,100.00
-3.92%
International
Current
Previous
Change
Coal Spot(USD/ton)
108.95
109.55
-0.55%
Gold Futures
1,612.40
1,627.90
-0.95%
Sugar 11 (USD/lb)
23.32
23.49
-0.72%
Steel (USD/ton)
666.82
666.58
0.04%
Wheat (CBT) (USD/bu)
617.00
607.75
1.52%
PTA (USD/ton)
1,090.00
1,070.00
1.87%
Copper (USD/ton)
7,440.50
7,394.00
0.63%

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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.