BasedLine

Date: 23-December-2011
KSE-100 Index
Previous Index 11,268.55
Current Index 11,306.10
Change % 0.33%
YTD (CY11) -5.96%
YTD (FY12) -9.52%
KSE-100 Index
Previous Index 20,532.47
Current Index 20,560.28
Change % 0.14%
YTD (CY11) 9.34%
YTD (FY12) -1.80%
International Indicators
 
Close
%age
BSE-30 15,813.40 0.82
HANGSENG 18,378.20 -0.21
NIKKEI 225 8,395.16 -0.77
FTSE 5,456.97 1.25
DJIA 12,169.70 0.51
SSEC 2,191.15 -1.11
NASDAQ 2,599.45 0.83
 
Close
%age
TASI 6,330.01 0.66
KSE(Kuwait) 5,794.30 -0.31
BSE 1,133.61 -0.81
MSM 5,635.66 0.05
ADX 2,351.09 0.33
DFM 1,339.03 0.24
QSE 8,780.48 -0.05
Capital Market Overview

Market Watch: Stock market consolidates in dull session

The stock market managed to close higher on Thursday amid dull activity in the backdrop of ongoing political uncertainty in the country.The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.33 per cent or 37.55 points to end at 11,306.1 point level. more... (ET)

NAVs and Returns
as of December 22, 2011
Funds Offer Redemption
POGSF
10.2108/-
10.2108/-
YTD Return
11.92%
POAIIF
52.9812/-
52.4514/-
YTD Return
13.65%
POAAAF
46.10/-
44.95/-
YTD Return
-11.03%
POIAAF
53.25/-
51.92/-
YTD Return
-0.63%
POAF
10.84/-
YTD Return
11.56%
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
31.58
2,716
27.65
1.69
-5.96%
KSE30
6.24
537
19.14
1.56
-10.59%
KMI30
4.61
397
12.09
0.96
9.34%
KSE All
34.11
2,933
33.21
1.71
-6.40%
December 22 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
141.50
116.52
-29.00%
OGDC
14.50
155.61
143.41
1.71%
UBL
2.00
52.97
44.82
-14.44%
LUCK
1.70
78.88
38.09
11.35%
December 22 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
6.30
-14.11
-7.81
Foreign Corporates
547.34
-681.05
-133.71
Overseas Pakistani
780.32
-912.16
-131.84
Grand Total
1,333.95
-1,607.31
-273.36
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
21-Dec-11
22-Dec-11
Change
Gross Buy
674.21
-41.48%
23.48
-76.05%
1.41
1.33
-5.39%
Gross Sell
-799.17
21.72%
-47.38
18.89%
-2.24
-1.61
-28.24%
Net Buy/(Sell)
-126.46
-124.65%
-24.17
-140.59%
-0.83
-0.27
-67.07%
S.C.R.A
Country
During the Period FY12TD
22-12-2011
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
13.82
-
-
33.00
-
-
-31.64
1.09
11.42
-10.33
Switzerland
18.68
0.35
-
26.71
0.53
-
-8.20
3.61
0.91
2.70
UAE
2.27
0.52
-
3.44
4.18
-
-5.35
0.10
0.08
0.02
UK
22.54
0.16
-
91.24
0.29
3.47
-72.32
0.38
6.20
-5.81
USA
103.01
-
-
163.57
-
19.06
-79.62
10.15
19.04
-8.89
Total
198.09
1.03
-
366.31
5.00
29.22
-201.17
16.35
40.57
-24.22
News Clippings
Economy

Economy is on the mend, president told

The economy is pretty much on the mend, with various key indicators showing signs of improvement, President Asif Ali Zardari heard on Thursday. more... (ET)

Forex reserves ease to $16.7b

Foreign exchange reserves fell marginally to $16.66 billion in the week ending December 16, compared with $16.69 billion in the previous week, the central bank said on Thursday. more... (ET)

World Bank sets $5.5 billion in aid for Pakistan

The World Bank on Thursday said it would provide Pakistan with $5.5 billion in development aid over the next two years.The Bank has responded flexibly in the face of the tremendous challenges Pakistan has gone through over the past year or so,” said its Pakistan country director Rachid Benmessaoud. more... (D)

Hafeez briefs Zardari on economic conditions

President Asif Ali Zardari on Thursday stressed the need for efforts to boost economic conditions and to address the challenges of gas and power shortage in the country. more... (D)

Company & Sector Update

MFN status to India: Pakistan proposes safeguards for local industry


Pakistan has asked India to sign three pacts to ensure level playing field for its exporters before implementing free trade regime, as Islamabad decides to ensure “effective protection” for local industries against threats of Indian products capturing Pakistani markets.more... (ET)

Power distribution companies complain about political interference


The government seems working against its own agenda of reforming the power sector as all newly constituted boards of directors of power distribution companies complained on Thursday about ‘too much political interference and absence of decisive powers’. more... (ET)

Telecom sector contribution drops in GDP: SBP Report

Telecom sector's contribution to GDP (Gross Domestic Product) declined in the financial year 2010-11 with profitability within the sector has been eroded on account of rising marketing expenditure in response to aggressive competition, said State Bank of Pakistan in its report "The State of Economy."more... (DT)

CNG stations in Sindh and Hub to remain closed for 24 hours


In view of the continuing gas shortage due to increased winter load and in accordance with the recent ECC decision, it has been decided to shut down gas to the CNG stations in Karachi and Hub for 24 hours from 9 am on Friday, December 23 till 9 am on Saturday, December 24, 2011. more... (DT)

Political

PML-N’s help sought to down government


While its leader has gone out of his way to openly reject any military intervention, the Pakistan Muslim League-Nawaz (PML-N) has been approached by elements within the security establishment, which is seeking help in dislodging the government, The Express Tribune has learnt. more... (ET)

Memogate case: President can’t presume immunity, warns SC

President Asif Ali Zardari cannot avoid proceedings in the Memogate case by presuming that he enjoys immunity under Article 248 of the Constitution, the Supreme Court said on Thursday. more... (ET)

Sindh CM chairs meeting: Plan devised for development of damaged infrastructure

Sindh Chief Minister Syed Qaim Ali Shah on Thursday said that the provincial government had chalked out a special plan for the redressal, repair, renovation and development of damaged infrastructure.more... (DT)

Nadia Gabol wants award for braving Nimra

Sindh Human Rights Minister Nadia Gabol visited Joharabad police station and met with the parents of innocent girl Alshba, who was raped and killed few days back after kidnapping. A child Nimra was an eyewitness of the kidnapping incident. She not only foiled her own kidnapping but also played key role in arrest of the accused.more... (DT)

GCC

Profits of GCC petchem firms rise 62.4% in Q3

Earnings of GCC (Gulf Cooperation Council) petrochemical companies increased 62.4 percent YoY to $3.57 billion in the third quarter of 2011 as compared to $2.19 billion in the same period last year, the Kuwait-based Global Investment House (Global) said in its GCC Petrochemical Sector quarterly report released recently.more... (Zawya)

Dubal keeps options open on acquisitions

Dubai Dubai Aluminum (Dubal) will keep its eye on potential acquisitions but is not planning to raise capital from the market in 2012, a top company executive said yesterday.more... (Zawya)

Toyota hopes to bounce back in 2012

Japan auto giant Toyota says it will bounce back in 2012 after global sales were battered by the dual impact of Thai floods and the Japanese earthquake. more... (Gulf News)

Gulf airlines oppose EU court’s ruling upholding carbon tax

Middle Eastern carriers such as Emirates and Etihad Airways have strongly opposed the ruling by the EU Court of Justice upholding the plan to charge airlines for carbon emissions for using Euro-pean airspace starting January 1. more... (Gulf News)

Quote of the Day:

"Our business in life is not to get ahead of others, but to get ahead of ourselves -- to break our own records, to outstrip our yesterday by our today.”Stewart B.Johnson

 
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
22-Dec-11
21-Dec-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
77.161
-0.78%
14.49%
14.26%
23.10
     
22-Dec-11
21-Dec-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
995.99
1,001.50
-5.51

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.57
11.69
11.74
11.81
Offer
12.07
11.94
11.99
12.31

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.90
11.75
11.80
11.85
11.85
11.90
Low  
11.00
11.65
11.70
11.25
11.70
11.75

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
90.3
117.75
1.16
141.07
24.62
1.66
0.80

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.90
11.98
12.02
Last Cut Off.
11.65
11.67
11.80
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.80
12.70
12.60
12.70
10 Y-PIB
12.78
12.70
12.65
12.70

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.98
1.94
1.95
2.05
3.74
8.33
12.70
Change bps
0.00
1.00
-2.00
-2.00
0.00
-0.70
5.00

Commodities

     
21-Dec-11
22-Dec-11
change
WTI (USD/bbl)    
98.85
98.66
0.82%
     
Brent (USD/bbl)    
107.65
108.03
0.35%
     
Arab Light (USD/bbl)    
109.16
109.29
0.12%

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
46,271.54
45,241.54
0.06%
Rice IRRI -6(Rs/100kg)
2,995.00
3,001.00
-0.20%
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
1,612.90
1,612.40
0.03%
Sugar 11 (USD/lb)
23.44
23.32
0.51%
Steel (USD/ton)
666.82
666.58
0.04%
Wheat (CBT) (USD/bu)
621.75
617.00
0.77%
PTA (USD/ton)
1,090.00
1,070.00
1.87%
Copper (USD/ton)
7,531.50
7,440.00
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.