BasedLine

Date: 28-December-2011
KSE-100 Index
Previous Index 11,310.35
Current Index 11,311.38
Change % 0.01%
YTD (CY11) -5.91%
YTD (FY12) -9.48%
KSE-100 Index
Previous Index 20,416.20
Current Index 20,389.01
Change % -0.13%
YTD (CY11) 8.43%
YTD (FY12) -2.61%
International Indicators
 
Close
%age
BSE-30 15,874.00 -0.01
HANGSENG 18,629.17 1.37
NIKKEI 225 8,440.50 -0.46
FTSE 5,512.70 1.02
DJIA 12,291.35 -0.02
SSEC 2,190.11 -0.67
NASDAQ 2,625.43 0.25
 
Close
%age
TASI 6,414.47 0.50
KSE(Kuwait) 5,787.20 -0.24
BSE 1,144.11 -0.33
MSM 5,668.77 -0.16
ADX 2,348.61 -0.16
DFM 1,334.58 0.37
QSE 8,797.51 0.14
Capital Market Overview

Market Watch: Stock market ends range-bound in dull session

The Karachi Stock Exchange’s (KSE) benchmark 100-share index crept up 0.01 per cent or 1.03 points to end at the 11,311.38 point level compared with a gain of 10 points on Monday. The value of shares traded rose from 16-month low but still at dismal level of Rs0.68 billion.more... (ET)

NAVs and Returns
as of December 27, 2011
Funds Offer Redemption
POGSF
10.2230/-
10.2230/-
YTD Return
11.82%
POAIIF
53.0405/-
52.5101/-
YTD Return
13.50%
POAAAF
45.88/-
44.73/-
YTD Return
-11.46%
POIAAF
53.11/-
51.78/-
YTD Return
-0.90%
POAF
10.84/-
YTD Return
11.21%
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
30.25
2,717
14.94
0.64
-5.91%
KSE30
5.92
533
7.67
0.52
-11.33%
KMI30
4.37
393
4.07
0.32
8.43%
KSE All
32.67
2,934
19.58
1.03
-6.37%
December 27 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
136.84
116.77
4.89%
OGDC
16.00
152.63
143.71
-25.44%
UBL
2.00
52.73
44.91
4.89%
LUCK
1.70
76.86
38.17
4.89%
December 27 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
2.63
-1.69
0.94
Foreign Corporates
626.76
-115.90
510.86
Overseas Pakistani
54.87
-67.48
-12.60
Grand Total
684.27
-185.06
499.20
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
26-Dec-11
27-Dec-11
Change
Gross Buy
675.17
-41.55%
24.44
-75.84%
0.09
0.68
660.29%
Gross Sell
-800.03
21.39%
-48.24
13.87%
-0.14
-0.19
32.19%
Net Buy/(Sell)
-126.37
-124.61%
-24.07
-140.02%
-0.06
0.50
-932.00%
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

Currency swap deals not to ease pressure on rupee

The currency swap agreement with China and Turkey may help Pakistan to improve trade with these countries but unlikely to cause a dent in the demand of dollars that exert pressure on the rupee, said currency experts.more... (D)

Stocks witness another lean session

The shares market on Tuesday passed through another lean session in the absence of strong demand from any of the active quarters owing perhaps to year-end considerations.more... (D)

Circular debt: Payments to power producers delayed

Water and Power Development Authority (Wapda) engineer Javed Ghuman has said that increase in power outages is the result of delay in payment of fuel charges to the independent power producers (IPPs). more... (ET)

Tdap Chief: ‘Exports will cross $30 billion mark’

Exports will cross the mark of $30 billion in this financial year according to Tariq Iqbal, chairman of the Trade Development Authority of Pakistan (TDAP).more... (ET)

Company & Sector Update

All textile units closed as gas supply stops


Gas pressure in Faisalabad industries has dropped to zero, leading to closure of all textile manufacturing units which have got notices of an indefinite suspension of gas supply. more... (ET)

Fertiliser shortage: Saudi Arabia expected to provide $172m

Saudi Arabia is likely to extend two loans totalling $172 million for import of urea to meet Rabi crop requirements and initiating development projects in militancy-hit regions amid apprehensions wheat production target may be missed for the second consecutive year due to urea shortage.more... (ET)

Brisk activity on cotton market

Brisk activity was witnessed on the cotton market on Tuesday as spinners and mills covered their forward positions in a bit haste amid rumours that the official procurement price is expected to be fixed around Rs6,000 per maund. more... (D)

SBP injects another Rs 49bn in market

The State Bank of Pakistan (SBP) in its reverse repo open market operation in treasury bills and Pakistan Investment Bond has injected another Rs 49 billion on Tuesday. According to SBP, the offered amount was Rs 55 billion for three-day and 10-day reverse repo.more... (DT)

Political

At Garhi Khuda Bux: PPP stares down critics with own show of strength


In his first public appearance since his return to Pakistan after an illness, President Asif Ali Zardari addressed a large gathering of supporters of his ruling Pakistan Peoples Party (PPP), vowing to defend democracy and even humorously replying to some of the jibes his political opponents had thrown his way in recent days. more... (ET)

Memogate case: Asma Jehangir drags ISI chief into the ring

The role of the country’s premier intelligence agency came under the spotlight at the Supreme Court on Tuesday, as Asma Jehangir, counsel for former ambassador to US Husain Haqqani, defended her client in the Memogate case. more... (ET)

US briefs Pakistani army chief on investigation

The American military has briefed Pakistan’s army chief on its investigation into US air strikes that killed 24 Pakistani soldiers on the Afghan border last month, officials said Tuesday. more... (D)

Mullah Omar was never on FBI list

The US capital was abuzz with claims and counter-claims since Tuesday morning that the Federal Bureau of Investigation (FBI) has removed the name of Afghan Taliban leader Mullah Mohammad Omar from its list of ‘most wanted terrorists’. more... (D)

GCC

UAE firm eyes Gulf market for raised-floor products


Floor System Company, a Sharjah-based manufacturer of raised-floor products, has made significant progress in introducing its green productw in the Gulf region, its managing director said.more... (Zawya News)

Small firms gain through deal with organisers

The referred 25 members would be the main suppliers for these organisers, in terms of travel and tourism, cargo, interior design, security, cleaning, IT, flower arrangement, typing, media and advertising as well as logistic services,” said Osama Ahmad Al Muharam, manager of the government procurement programme at Dubai SME. more... (Zawya News)

New facility in Abu Dhabi speeds up waste disposal

The new facility in Musaffah has helped recycle thousands of litres of water at its truck-washing station over the past three weeks, besides improving waste disposal operations, a spokesperson for Averda International, the waste management company that operates the facility, told Gulf News yesterday. more... (Gulf News)

UAE pledges to bolster China-Arab trade relations

The UAE yesterday pledged to work to deepen Sino-Arab friendship and enhance political, economic and trade cooperation, according to Shaikh Abdullah Bin Zayed Al Nahyan, UAE Foreign Minister.more... (Gulf News)

Quote of the Day:

"Nothing great was ever achieved without enthusiasm.." Ralph Waldo Emerson

 
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
27-Dec-11
27-Dec-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
77.381
-0.23%
14.42%
14.34%
7.30
     
27-Dec-11
27-Dec-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
990.21
990.39
-0.18

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.61
11.70
11.75
11.81
Offer
12.11
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  
9.75
11.75
11.85
11.85
11.85
11.90
Low  
9.10
11.60
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
117.43
1.16
140.74
24.60
1.65
0.80

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.92
11.95
12.08
Last Cut Off.
11.65
11.67
11.80
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.87
12.80
12.75
12.70
10 Y-PIB
13.02
12.98
12.98
12.70

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.00
1.92
2.00
2.04
3.76
8.48
12.98
Change bps
2.00
-4.00
-1.00
0.00
3.00
-1.40
0.00

Commodities

     
26-Dec-11
27-Dec-11
change
WTI (USD/bbl)    
99.65
101.37
1.73%
     
Brent (USD/bbl)    
108.11
109.23
1.04%
     
Arab Light (USD/bbl)    
109.58
110.65
0.98%

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
45,534.41
45,770.12
-0.51%
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
1,590.40
1,598.20
-0.49%
Sugar 11 (USD/lb)
23.61
23.60
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.