BasedLine

Date: 29-December-2011
KSE-100 Index
Previous Index 11,311.38
Current Index 11,352.59
Change % 0.36%
YTD (CY11) -5.57%
YTD (FY12) -9.15%
KSE-100 Index
Previous Index 20,389.01
Current Index 20,390.44
Change % 0.01%
YTD (CY11) 8.43%
YTD (FY12) -2.61%
International Indicators
 
Close
%age
BSE-30 15,727.80 -0.92
HANGSENG 18,518.70 -0.59
NIKKEI 225 8,423.62 -0.20
FTSE 5,507.40 -0.10
DJIA 12,151.40 --1.14
SSEC 2,190.11 -0.67
NASDAQ 2,589.98 -1.34
 
Close
%age
TASI 6,418.13 0.28
KSE(Kuwait) 5,791.00 0.07
BSE 1,145.03 0.05
MSM 5,684.12 0.09
ADX 2,366.37 0.63
DFM 1,346.47 2.05
QSE 8,812.46 0.09
Capital Market Overview

Market Watch: Stock market gains as activity picks up

The stock market finally broke its two-day depressive mood after locals took charge and activity more than doubled on Wednesday.The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.36 per cent or 41.21 points to end at the 11,352.29 point level .more... (ET)

NAVs and Returns
as of December 28, 2011
Funds Offer Redemption
POGSF
10.2261/-
10.2261/-
YTD Return
11.82%
POAIIF
53.0534/-
52.5229/-
YTD Return
13.48%
POAAAF
45.89/-
44.74/-
YTD Return
-11.44%
POIAAF
53.12/-
51.79/-
YTD Return
-0.88%
POAF
10.84/-
YTD Return
11.26%
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
31.72
2,728
36.79
1.47
-5.57%
KSE30
6.20
533
22.44
1.22
-11.22%
KMI30
4.57
393
19.22
0.99
8.43%
KSE All
34.26
2,946
46.03
1.52
-6.02%
December 28 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
137.04
116.77
-31.24%
OGDC
16.00
153.14
143.71
0.10%
UBL
2.00
52.92
44.91
-14.52%
LUCK
1.70
75.90
38.17
7.14%
December 28 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
2.37
-9.57
-7.20
Foreign Corporates
1.32
-326.10
-324.78
Overseas Pakistani
99.41
-109.79
-10.38
Grand Total
103.09
-445.46
-342.37
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
27-Dec-11
28-Dec-11
Change
Gross Buy
675.27
-41.84%
24.54
-31.09%
0.68
0.10
-84.84%
Gross Sell
-800.47
20.91%
-48.68
20.10%
-0.19
-0.45
134.45%
Net Buy/(Sell)
-126.69
-124.52%
-24.40
390.84%
0.50
-0.34
-168.47%
S.C.R.A
Country
During the Period FY12TD
27-12-2011
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
-
-
11.52
-
-
-6.89
-
0.07
-0.07
Luxembourg
14.13
-
-
33.00
-
-
-33.35
0.03
0.56
-0.53
Switzerland
18.73
0.35
-
27.12
0.53
-
-8.57
0.05
0.15
-0.10
UAE
2.61
0.52
-
3.44
4.18
-
-5.02
0.28
-
0.28
UK
22.66
0.16
-
91.89
0.29
3.47
-72.86
-
0.30
-0.30
USA
103.78
-
-
170.99
-
19.06
-86.27
0.02
0.74
-0.72
Total
200.99
1.03
-
376.98
5.00
29.22
-209.74
0.40
1.84
-1.44
News Clippings
Economy

Improving revenue collection: Pakistan, WB negotiating second reform programme

Pakistan and the World Bank have been negotiating a $300 million (Rs 27 billion) loan for a second round of tax reforms as the first programme is going to expire on December 31st on ‘moderately satisfactory’ note.more... (D)

Electronic banking transactions jump 19%

The value of e-banking transactions rose 19 per cent to Rs12 trillion in the second half (January-June) of financial year 2010-11 as compared to the first half, says State Bank of Pakistan (SBP) in its Payment Systems Half-Yearly Review released on Wednesday
.more... (ET)

BISP a success under which 98.69% beneficiaries receive cash’

The monitoring and assessment exercise for Benazir Income Support Programme (BISP) under the Budget Support Monitoring Programme (BSM) of the USAID has termed the BISP as successful under which 98.69 percent of the beneficiaries have received the cash payment. more... (DT)

Gold falls amidst economic uncertainty

Gold fell on Wednesday, tracking industrial metals and equities lower, as concerns about global economic growth and Iran’s threat to stop the flow of oil kept investors on the sidelines.more... (D)

Company & Sector Update

Faisalabad’s young industrialists invest in public schools


As Faisalabad's industrial firms begin the process of generational transition in their ownership, the younger generation of factor-owners appear to have taken up a cause that goes beyond just increasing their bottom lines: improving the quality and access to education in their neighbourhoods. more... (ET)

Agricultural university to set up exhibition zone

The University of Agriculture Faisalabad is setting up an exhibition zone costing Rs120 million in an effort to promote state-of-the-art agricultural technologies and practices. more... (ET)

Lucky Cement qualifies for CDM

Lucky Cement qualified for the Clean Development Mechanism (CDM) under the Kyoto Protocol of United Nations and earned precious carbon credits. more... (DT)

Global cotton output to outstrip use in 2011-12

Global cotton production is expected to grow 10.88 percent, while cotton consumption is anticipated to rise just 2.99 percent in cotton season 2011-12. Global cotton output is expected to increase to 26.80 million tonnes in 2011-12 cotton season, up from 24.17 million tonnes in 2010-11 or 10.88 percent, according to Cotlook .more... (DT)

Political

MQM Sukkur convention will beat all records, says Hussain


Muttahida Qaumi Movement (MQM) chief Altaf Hussain has said that the MQM convention in Sukkur will be the biggest in the history of the city.He said this while talking to the members of the zonal committees of Sukkur and Jacobabad of the party on the telephone. more... (DT)

PPP considers getting Haqqani elected as Senator

Legal and constitutional hurdles aside, adamant Pakistan Peoples Party circles are considering getting former ambassador to the US Husain Haqqani elected to the Senate in March 2012.more... (ET)

Afghan President Hamid Karzai phones Zardari

Spokesperson Farhatullah Babar said that President Karzai inquired about the health of President Zardari, expressed satisfaction that the president had recovered and conveyed best wishes of the government and people of Afghanistan. more... (D)

No rift within PML-N, says Sanaullah

Punjab Law Minister Rana Sanaullah Khan said on Wednesday that NATO supply routes, which are currently suspended, should be blocked permanently. He made the statement while talking to reporters outside the Punjab Assembly. He said that the people would resist if the government allowed resumption of NATO supplies.more... (DT)

GCC

Saudi Arabia's 2012 budget 50,000 times more than that of 1934

That year, founder King Abdul Aziz issued a decision to establish a Finance Ministry. Until then, the monetary and financial affairs were looked after by what was known as the General Directorate of Finance.more... (Zawya News)

Spending on King Abdullah scholarships hits SR20 billion

He said the allocation of SR168 billion in the new budget for 2012 for education and manpower training would ensure the continuity of the scholarship program. The amount represents 24.3 percent of SR690 billion earmarked for public spending in 2012. more... (Zawya News)

Never-ending wait for Palm Jumeirah investors

Despite paying for their properties in full, hundreds of owners are still waiting to move into their Palm Jumeirah apartments, built almost two years back. The reason: A legal dispute between developer Nakheel and Souq Residences, the company behind the project.more...(Gulf News)

Rewards to boost anti-vote buying drive in Kuwait


A 5,000 dinar (Dh64,206) reward will be given to anyone who reports vote-buying cases as parliament elections heat up, Kuwait Transparency Society has said. 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 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
28-Dec-11
27-Dec-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
77.61
0.30%
14.34%
14.42%
-7.40
     
28-Dec-11
27-Dec-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
990.02
990.21
-0.19

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.61
11.72
11.76
11.83
Offer
12.11
11.97
12.01
12.45

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
9.25
11.80
11.85
11.85
11.85
11.90
Low  
9.10
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
90.45
119.20
1.16
141.50
24.80
1.64
0.81

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.92
11.95
12.08
Last Cut Off.
11.83
11.67
11.90
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.90
12.85
12.80
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
1.89
1.92
2.01
3.72
8.48
12.98
Change bps
0.00
-3.00
-8.00
0.00
-4.00
0.30
0.00

Commodities

     
27-Dec-11
28-Dec-11
change
WTI (USD/bbl)    
101.37
99.66
-1.69%
     
Brent (USD/bbl)    
109.23
107.52
-1.57%
     
Arab Light (USD/bbl)    
110.65
108.50
-1.94%

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
44,908.72
45,534.41
-1.37%
Rice IRRI -6(Rs/100kg)
2,931.00
2,948.00
-1.31%
KCA Cotton (Rs/mound)
5,400.00
5,350.00
0.93%
International
Current
Previous
Change
Coal Spot(USD/ton)
108.95
109.55
-0.55%
Gold Futures
1,556.00
1,590.40
-2.16%
Sugar 11 (USD/lb)
23.13
23.61
-2.03%
Steel (USD/ton)
668.25
667.68
0.09%
Wheat (CBT) (USD/bu)
651.25
622.00
4.70%
PTA (USD/ton)
1,100.00
1,090.00
0.92%
Copper (USD/ton)
7,446.75
7,631.50
-2.42%

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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.