BasedLine

Date: 27-December-2011
KSE-100 Index
Previous Index 11,301.09
Current Index 11,310.35
Change % 0.08%
YTD (CY11) -5.92%
YTD (FY12) -9.49%
KSE-100 Index
Previous Index 20,464.00
Current Index 20,416.20
Change % -0.23%
YTD (CY11) 8.57%
YTD (FY12) -2.48%
International Indicators
 
Close
%age
BSE-30 15,970.80 1.47
HANGSENG 18,629.20 1.37
NIKKEI 225 8,479.34 1.00
FTSE 5,512.70 1.02
DJIA 12,294.00 1.02
SSEC 2,190.11 -0.67
NASDAQ 2,618.64 0.74
 
Close
%age
TASI 6,414.47 0.50
KSE(Kuwait) 5,801.40 -0.02
BSE 1,147.91 1.30
MSM 5,677.59 0.50
ADX 2,352.37 0.09
DFM 1,329.69 0.12
QSE 8,785.32 -0.35
Capital Market Overview

Market Watch: Stock market wears a deserted look

The stock market wore a deserted look on the first trading session of the week as investors seemed to have extended their weekend break.Trade volumes dropped to 18 million shares compared with Friday’s tally of 33 million shares. Meanwhile, trading value dropped to a 16-month low of Rs0.6 billion. more... (ET)

NAVs and Returns
as of December 26, 2011
Funds Offer Redemption
POGSF
10.2212/-
10.2212/-
YTD Return
11.86%
POAIIF
53.0280/-
52.4977/-
YTD Return
13.53%
POAAAF
45.96/-
44.81/-
YTD Return
-11.30%
POIAAF
53.17/-
51.84/-
YTD Return
-0.78%
POAF
10.83/-
YTD Return
11.22%
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
31.59
2,717
13.84
0.58
-5.92%
KSE30
6.20
533
6.18
0.48
-11.18%
KMI30
4.58
394
3.36
0.30
8.57%
KSE All
34.11
2,934
17.56
0.61
-6.38%
December 26 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
138.41
116.23
-30.55%
OGDC
16.00
153.94
143.06
0.62%
UBL
2.00
52.76
44.71
-14.78%
LUCK
1.70
77.66
38.00
9.63%
December 26 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
2.49
-1.72
0.77
Foreign Corporates
19.19
-84.81
-65.63
Overseas Pakistani
67.06
-57.34
9.72
Grand Total
88.74
-143.87
-55.13
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
23-Dec-11
26-Dec-11
Change
Gross Buy
674.50
-41.58%
23.77
-24.31%
0.21
0.09
-57.07%
Gross Sell
-799.85
21.58%
-48.06
47.93%
-0.55
-0.14
-73.85%
Net Buy/(Sell)
-126.84
-124.67%
-24.55
-2141.63%
-0.34
-0.06
-83.95%
S.C.R.A
Country
During the Period FY12TD
23-12-2011
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
-
-
-
Luxembourg
14.10
-
-
33.00
-
-
-32.81
0.28
0.97
-0.69
Switzerland
18.68
0.35
-
26.97
0.53
-
-8.47
-
-
-
UAE
2.33
0.52
-
3.44
4.18
-
-5.29
-
-
-
UK
22.66
0.16
-
91.59
0.29
3.47
-72.56
0.12
0.25
-0.13
USA
103.76
-
-
170.26
-
19.06
-85.55
0.10
1.68
-1.58
Total
200.59
1.03
-
375.14
5.00
29.22
-208.30
0.93
2.95
-2.03
News Clippings
Economy

US gears up for limited relationship with Pakistan

US officials believe the country's relationship with Pakistan has been seriously damaged and a counterterrorism alliance can survive only in a limited form, The New York Times reported late Sunday. more... (BR)

National Tax or CNIC numbers: SRO 821(I)/2011 creates fear among traders

With the imposition of mandatory requirement by the Federal Board of Revenue (FBR) to issue invoices containing National Tax or CNIC numbers of unregistered traders are now becoming more fearful of the situation. more... (BR)

Pakistan expects good rice production: FAO

The Food and Agriculture Organisation of the United Nations estimates that Pakistan’s rice production is expected to be around 9.7 million tons this year despite devastations caused by floods and heavy rains in major parts of the country. more... (D)

EU urges Pakistan to enhance trade with ECO countries

The European Union (EU) has urged Pakistan to use its diplomatic and political channels to enhance its trade with the ECO countries.The textile products exports to ECO countries were not significant and amounted to approximately $49.81 million in 2010. more... (DT)

Company & Sector Update

PEPCO’s debt soars to Rs350b


The debt of Pakistan Electric Power Company (Pepco) has soared above Rs350 billion this month as the company could not make enough recoveries from the government and private sector to prevent its debt from piling up. more... (ET)

Foreign remittances: National Bank gearing up to play a bigger role

National Bank of Pakistan – with remittances surpassing $1 billion a year – is gearing up for further growth in this area of its business and has expedited payment process by putting online 1,000 branches. more... (ET)

MFN status to India: Edible oil industry seeks duty and tariff revision

The local edible oil industry has proposed revision in the duties/taxes structure and tariff rationalisation with regards to the vegetable ghee/cooking oil sector along with changes in customs and warehousing rules/procedures on grant of Most Favoured Nation (MFN) status to India. more... (BR)

Energy shortage main reason for decrease in garment exports

The exports of garments in the fist five months of FY 2011-12 are down about 9 percent and if the same trend continued, the sector expect to see overall decline of approximately 17-20 percent this fiscal year. more... (DT)

Political

Memogate scandal: Govt blames army for keeping PM ‘in the dark’


The battle lines appear to have been drawn. The embittered government is in no mood to go down without a fight. On Monday it hit back at the military in the Memogate scandal, squarely blaming the army and intelligence chiefs for “keeping Prime Minister Yousaf Raza Gilani in the dark” on the issue. more... (ET)

Old rivals to team up against ‘common foe’

Alarmed by the growing popularity of Pakistan Tehreek-i-Insaf (PTI), two bitter rivals of the past have started warming up to each other. more... (ET)

Gilani rejects rumours of removing COAS or DG ISI

Prime Minister Syed Yusuf Raza Gilani on Monday rejected as "absurd" the impression and rumours that the government had any intention to remove Chief of Army Staff or Director General ISI. more... (BR)

MQM is a reality: Shah Mehmood

Pakistan Tehreek-i-Insaf (PTI) Vice-Chairman Shah Mehmood Qureshi said Muttahida Qaumi Movement (MQM) is a reality and we wanted good relations with the party, Geo News reported. more... (N)

GCC

Saudi posts $81.6 bn budget surplus as revenues double

OPEC kingpin Saudi Arabia on Monday posted a budget surplus of 306 billion riyals (81.6 billion) for 2011, as revenues turned out to be double the forecast, the finance ministry said. more... (N)

Oil could climb to record in 2012

Crude oil may rise for a fourth year to a record average price in 2012 as demand in emerging markets increases and the United States avoids a recession. West Texas Intermediate oil on the New York Mercantile Exchange will reach an average of $100. more... (Gulf News)

Abu Dhabi GDP expected to grow 4% in 2012

The gross domestic product (GDP) of the emirate is expected to grow 4 per cent to Dh750 billion next year, the Abu Dhabi Chamber of Commerce and Industry (ADCCI) said yesterday. more... (Gulf News)

Saudi Arabia to help Pakistan rebuild water networks

Saudi Arabia signed an agreement in Riyadh on Monday with the local chapter of UNICEF to rebuild a massive water supply network in Pakistan devastated by ravaging floods. more... (Zawya)

Quote of the Day:

"We're getting hurt, but I'm a long-term investor." Prince Al Waleed Bin Talal Alsaud

 
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 19, 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
26-Dec-11
23-Dec-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
77.563
0.37%
14.34%
14.45%
-10.70
     
26-Dec-11
23-Dec-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
990.40
990.40
-

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.62
11.70
11.75
11.81
Offer
12.12
11.95
12.00
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
11.65
11.75
11.25
11.70
11.75

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
89.9
116.33
1.14
139.07
24.26
1.66
0.80

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.92
11.98
12.08
Last Cut Off.
11.65
11.67
11.80
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.85
12.75
12.70
12.70
10 Y-PIB
13.02
12.98
12.70
12.70

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.98
1.96
2.01
2.04
3.73
8.49
12.98
Change bps
0.00
0.00
-1.00
0.00
0.00
12.50
28.00

Commodities

     
23-Dec-11
26-Dec-11
change
WTI (USD/bbl)    
99.68
99.65
-0.03%
     
Brent (USD/bbl)    
107.96
108.11
0.14%
     
Arab Light (USD/bbl)    
109.58
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)
421.25
420.71
0.13%
Urea Fertilizer (Rs/bag)
1,706.67
1,681.67
1.49%
Gold 24cr (Rs./10gm) Khi
45,770.12
45,987.83
-0.47%
Rice IRRI -6(Rs/100kg)
2,948.00
3,001.00
-0.20%
KCA Cotton (Rs/mound)
5,250.00
5,100.00
2.94%
International
Current
Previous
Change
Coal Spot(USD/ton)
108.95
109.55
-0.55%
Gold Futures
1,598.20
1,606.00
-0.49%
Sugar 11 (USD/lb)
23.60
23.59
0.04%
Steel (USD/ton)
668.25
667.68
0.09%
Wheat (CBT) (USD/bu)
622.00
617.00
0.77%
PTA (USD/ton)
1,090.00
1,070.00
1.87%
Copper (USD/ton)
7,631.50
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.