BasedLine

Date: 26-December-2011
KSE-100 Index
Previous Index 11,306.10
Current Index 11,301.09
Change % -0.04%
YTD (CY11) -6.00%
YTD (FY12) -9.56%
KSE-100 Index
Previous Index 20,560.28
Current Index 20,464.00
Change % -0.47%
YTD (CY11) 8.82%
YTD (FY12) -2.26%
International Indicators
 
Close
%age
BSE-30 15,738.70 -0.47
HANGSENG 18,629.20 1.37
NIKKEI 225 8,395.16 -0.77
FTSE 5,512.70 1.02
DJIA 12,294.00 1.02
SSEC 2,204.78 0.84
NASDAQ 2,618.64 0.74
 
Close
%age
TASI 6,382.33 -0.03
KSE(Kuwait) 5,802.50 0.14
BSE 1,133.21 -0.04
MSM 5,649.10 0.24
ADX 2,350.28 -0.03
DFM 1,328.07 -0.82
QSE 8,816.02 0.40
Capital Market Overview

Weekly review: Stock market makes modest recovery

The return of President Asif Ali Zardari improved market sentiments as the benchmark KSE-100 index gained of 2.5% or 273 points during the week ended December 23. more... (ET)

NAVs and Returns
as of December 23, 2011
Funds Offer Redemption
POGSF
10.2132/-
10.2132/-
YTD Return
11.90%
POAIIF
52.9913/-
52.4614/-
YTD Return
13.62%
POAAAF
46.02/-
44.87/-
YTD Return
-11.18%
POIAAF
53.19/-
51.86/-
YTD Return
-0.75%
POAF
10.84/-
YTD Return
11.55%
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
31.57
2,715
25.61
1.07
-6.00%
KSE30
6.22
535
12.79
0.91
-10.96%
KMI30
4.59
395
7.13
0.55
8.82%
KSE All
34.08
2,931
30.62
1.10
-6.47%
December 23 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
139.83
116.52
-29.84%
OGDC
14.50
154.80
143.41
1.18%
UBL
2.00
52.72
44.82
-14.84%
LUCK
1.70
78.09
38.09
10.23%
December 23 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
75.79
-60.16
15.63
Foreign Corporates
62.45
-416.27
-353.83
Overseas Pakistani
68.48
-73.81
-5.34
Grand Total
206.72
-550.25
-343.53
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
22-Dec-11
23-Dec-11
Change
Gross Buy
674.42
-41.55%
23.68
-76.29%
1.33
0.21
-84.46%
Gross Sell
-799.71
21.69%
-47.92
18.45%
-1.61
-0.55
-65.82%
Net Buy/(Sell)
-126.79
-124.66%
-24.50
-140.28%
-0.27
-0.34
-27.23%
S.C.R.A
Country
During the Period FY12TD
26-12-2011
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
4.63
-
-
11.45
-
-
-6.82
0.01
-
0.01
Luxembourg
13.82
-
-
33.00
-
-
-32.13
-
0.48
-0.48
Switzerland
18.68
0.35
-
26.97
0.53
-
-8.47
-
0.26
-0.26
UAE
2.33
0.52
-
3.44
4.18
-
-5.29
0.06
-
0.06
UK
22.54
0.16
-
91.35
0.29
3.47
-72.43
-
0.11
-0.11
USA
103.66
-
-
168.57
-
19.06
-83.97
0.65
5.00
-4.35
Total
199.66
1.03
-
372.19
5.00
29.22
-206.28
0.77
5.88
-5.11
News Clippings
Economy

Currency swap agreements: Easing pressure on the rupee

In the midst of political uncertainty and economic slowdown, a positive development about a currency swap arrangement with China has provided some solace which, if implemented in true spirit. more... (ET)

Decline in currency notes issued

Notes in circulation stood at Rs1,777.130bn against earlier week’s figure of Rs1,781.328bn, a fall of Rs4.198bn. When compared to the corresponding week a year ago when it was Rs1,653.065bn, the current week’s figure is higher by Rs124.065bn. more... (D)

Industries to stay shut today

Sui Southern Gas Company (SSGC) has asked industries using gas and running captive power plants to stop operations for 24 hours every week from 7am on Sunday to 7am on Monday. more... (ET)

Rising prices leading to social crimes

There has been a significant increase in the number of beggars after the phenomenal rise in prices of daily use commodities. With it has risen social crimes especially thefts, robberies and use of fraudulent ways. more... (D)

Company & Sector Update

Trade with India: Political, economic policy need to be on the same page


Pakistan is a unique case as it resents normal diplomatic terms with its best business partners as well as neighbors. The US and Afghanistan collectively account for one-forth for Pakistan’s total exports and Pakistan is fast deteriorating its terms with these countries.more... (ET)

Gas supply: Fertiliser, CNG lobbies beat back power companies


Strong lobbying efforts by the compressed natural gas (CNG) and fertiliser sector has resulted in more than 600 million cubic feet per day (mmcfd) being diverted from power plants to those sectors, and resulted in a nearly-fold jump in the cost of electricity production.more... (ET)

Export of traditional items rises by 20 per cent

The export of traditional products increased by over 20 per cent to $4.367 billion during the first five months of the current financial year from $3.633 billion over the same period last year."more... (D)

Incentives for auto industry


According to the Engineering Development Board, additional customs-duty leviable under an earlier SRO of 2006 would not be charged on sub-components, imported in a kit form by an assembler or manufacturer declared to be a new entrant by the EDB. more... (D)

Political

PTI rally: Imran lights up Karachi


Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan looked entirely assured at his party’s rally in Karachi. With a slew of big-name politicians under his belt and attendance by hundreds of thousands of people from Karachi and other districts in Sindh and Punjab, Imran addressed the crowd with his usual mix of rhetoric, emotions and a few well-placed jibes, all set to a catchy soundtrack. more... (ET)

Firdous throws in towel, takes it back, wipes tears

A weeping cabinet member resigning live on air: an unprecedented event, even in the often bizarre world of Pakistani politics.more... (ET)

4th death anniversary of Shaheed Benazir Bhutto

Pakistan People’s Party (PPP) would be paying homage and tribute to Shaheed Benazir Bhutto on her 4th death anniversary on Dec 27, through various events planned for the occasion as the day has already been declared a public holiday by the Sindh government.more... (DT)

Quaid Day observed with patriotic fervour in city

The city observed the 135th birth anniversary of founding father of Pakistan, Muhammad Ali Jinnah, on Sunday with enthusiasm and a display of national spirit.more... (DT)

GCC

Time to end sponsorship system

Saudi Arabia promulgated its Residence Law by the royal decree No. 17/2/25/1337 dated 11/9/1371 Hijrah, corresponding to 4/6/1952 Gregorian, and its amendments thereafter.more... (Zawya)

German firms upbeat on Saudi trade

A top German official has confirmed that investments from German companies in the Kingdom are increasing despite the debt crisis in Europe.The German 's economy has performed well during the financial meltdown and the euro crisis, he pointed out.more... (Zawya)

Mohammad approves Dubai's Dh30 billion budget

His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai has approved the Government Sector Budget in Dubai for the year 2012. . more... (Gulf News)

Dubai Metro hit by minor technical glitch

The door failed to open for few minutes after a train came to a halt at the DIFC station and this affected the services for a while in the afternoon, the official said, adding that the issue was resolved shortly after. 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- Nov 11)
$-2.10bn
Remittances (July 11- Nov 11)
$5.24bn
Foreign Investment (Jul 11-Nov 11)
$5.23bn
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
23-Dec-11
22-Dec-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
77.28
0.15%
14.45%
14.49%
-4.10
     
23-Dec-11
22-Dec-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
990.40
995.99
-5.59

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.63
11.69
11.74
11.81
Offer
12.13
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
11.85
11.85
11.85
11.90
Low  
11.00
11.70
11.75
11.25
11.70
11.75

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
89.8
116.74
1.15
139.47
24.50
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
12.70
12.70
10 Y-PIB
12.78
12.70
12.70
12.70

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.98
1.96
2.02
2.04
3.73
8.37
12.70
Change bps
0.00
2.00
7.00
-1.00
-1.00
3.20
0.00

Commodities

     
22-Dec-11
23-Dec-11
change
WTI (USD/bbl)    
99.66
99.68
0.02%
     
Brent (USD/bbl)    
108.03
107.96
-0.06%
     
Arab Light (USD/bbl)    
109.29
109.58
0.27%

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
45,987.83
46,241.54
-0.55%
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
1,606.00
1,612.90
-0.43%
Sugar 11 (USD/lb)
23.59
23.44
0.64%
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.