BasedLine

Date: 02-January-2012
KSE-100 Index
Previous Index 11,435.67
Current Index 11,347.66
Change % -0.77%
YTD (CY11) -5.61%
YTD (FY12) -9.19%
KSE-100 Index
Previous Index 20,388.36
Current Index 20,137.71
Change % -1.23%
YTD (CY11) 7.09%
YTD (FY12) -3.81%
International Indicators
 
Close
%age
BSE-30 15,454.90 -0.57
HANGSENG 18,434.40 0.20
NIKKEI 225 8,455.35 0.67
FTSE 5,572.28 0.10
DJIA 12,217.60 -0.57
SSEC 2,199.42 1.18
NASDAQ 2,605.15 -0.33
 
Close
%age
TASI 6,386.04 -0.49
KSE(Kuwait) 5,814.20 0.47
BSE 1,143.69 -0.12
MSM 5,703.90 0.15
ADX 2,402.28 1.52
DFM 1,353.39 0.51
QSE 8,779.03 -0.38
Capital Market Overview

Weekly Review: Stock market gains 0.4% in dismal participation

The week started off with extremely low volumes amid issues pertaining to capital gains tax, memo-gate controversy and gas supply to the manufacturing sector scaring off investors.This resulted in average volumes dropping by 15% on a weekly basis to 38 million shares. more... (ET)

NAVs and Returns
as of December 30, 2011
Funds Offer Redemption
POGSF
10.2317/-
10.2317/-
YTD Return
11.80%
POAIIF
53.0775/-
52.5467/-
YTD Return
13.42%
POAAAF
45.73/-
44.59/-
YTD Return
-11.74%
POIAAF
53.29/-
51.96/-
YTD Return
-0.56%
POAF
10.85/-
YTD Return
11.25%
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
31.70
2,726
47.32
1.61
-5.61%
KSE30
6.13
528
22.26
1.40
-12.16%
KMI30
4.52
389
19.81
1.07
7.09%
KSE All
34.25
2,946
62.57
1.76
-6.01%
December 30 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
134.60
116.77
-32.46%
OGDC
16.00
151.62
143.71
-0.90%
UBL
2.00
52.39
44.91
-15.38%
LUCK
1.70
75.04
38.17
5.93%
December 30 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
4.31
-0.73
3.58
Foreign Corporates
402.19
-632.84
-230.64
Overseas Pakistani
391.61
-228.56
163.04
Grand Total
798.11
-862.13
-64.02
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
29-Dec-11
30-Dec-11
Change
Gross Buy
676.21
-42.08%
25.48
-77.56%
0.16
0.80
391.95%
Gross Sell
-801.94
20.86%
-50.14
7.08%
-0.64
-0.86
34.97%
Net Buy/(Sell)
-127.21
-124.38%
-24.92
-136.49%
-0.48
-0.06
-86.57%
S.C.R.A
Country
During the Period FY12TD
28-12-2011
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
-
-
11.67
-
-
-7.04
-
0.00
-0.00
Luxembourg
14.13
-
-
33.00
-
-
-33.33
0.01
0.01
0.02
Switzerland
18.73
0.35
-
27.12
0.53
-
-8.57
-
-
-
UAE
2.61
0.52
-
3.44
4.18
-
-5.02
-
-
-
UK
22.66
0.16
-
91.97
0.29
3.47
-72.93
0.01
0.03
-0.02
USA
103.84
-
-
174.24
-
19.06
-89.45
0.04
0.09
-0.04
Total
201.07
1.03
-
381.47
5.00
29.22
-214.12
0.07
0.14
-0.05
News Clippings
Economy

Exports rise 10% despite hurdles: TDAP

Exports rose 10% during July to November against exports volume in the same period last year despite security issues and energy crisis in the country, said Trade Development Authority of Pakistan Chairman Tariq Iqbal Puri .more... (ET)

FBR revenue collection touches all-time high mark

The Federal Board of Revenue (FBR) has achieved 27.05% growth in revenue collection, as it has collected an all-time high revenue of Rs 840.7 billion during the first half of the ongoing fiscal year 2011-12.
. more... (DT)

Restrictions on aid — new year US gift to Pakistan

In a move dubbed by the media as “a new year gift to Pakistan”, US President Barack Obama has signed into law a bill that could suspend a large chunk of the $1.1 billion military aid to the country. more... (D)

Commodities' prices finish year 2011 in low profile, Irri 6 Sindh registers gain

Rice showed up significantly while other commodities finished in low profile on the wholesale markets during the week ended on Dec 31, 2011.more... (BR)

Company & Sector Update

CNG strike may boost oil demand


Sensing an increase in demand for oil products due to a strike by compressed natural gas (CNG) dealers, the government may press cash-strapped Pakistan State Oil (PSO) to step up imports of petroleum products, but it will put further strain on the company’s finances, sources say. more... (ET)

Rise in imports, high oil rates, weak economic indicators dragged rupee down in 2011

Upward trend in the global oil prices, rising trend in imports causing a surge in dollars' demand, weak macro-economic indications and political uncertainties on the home ground dragged the rupee down against dollar during the calendar year 2011.more... (BR)

LPG price may go up by Rs9 per kilo

Retail prices of the liquefied petroleum gas (LPG) are expected to go up by Rs9 per kilo following US $86 per ton increase in Saudi Aramco Contract Price for January. more... (D)

Back on track Railways to relaunch its freight service

Pakistan Railways (PR) is planning to relaunch its freight service from Rawalpindi to Lahore to facilitate transportation of cement for India, it has been learnt. more... (D)

Political

Third force': Gilani warns Nawaz that both lose if govt falls


The Pakistan Peoples Party (PPP) has again sent a message to its rival, the Pakistan Muslim League-Nawaz, that when it comes to defending democracy, the two parties are ‘in this together. more... (ET)

Ship with Nato supplies berths at port

The situation at Karachi port already struggling to cope with severe congestion may worsen as a US vessel carrying military hardware, including about 350 heavy vehicles, for Nato/Isaf forces in Afghanistan sailed into the port on Saturday evening just when the sun was setting on the horizon for the last time in 2011..more... (D)

Ibad orders probe into Askari Raza murder

Protesters staging a sit-in outside the Sindh Governor’s House dispersed peacefully early Monday morning after police registered an First Information Report (FIR) of the murder of a leader of the Pasban-i-Jafria, DawnNews reported..more... (D)

If all else fails, president may pardon Haqqani

The counsel for the main accused has quit, citing foul play, while the government is considering a pardon if a verdict of treason is reached. Memogate, essentially, has only just begun.more... (ET)

GCC

Garment employers warn of harm to sector if minimum wage rises

Their remarks were made during a meeting organised by the Jordan Garments, Accessories and Textiles Exporters Association (JGATE) on Friday and attended by representatives from the labour ministry and the Ministry of Industry and Trade.more... (Zawya News)

Iranian otentials lure investors

In fact, amidst the economic crisis engulfing a majority of the nations, Iran is still considered a secure and profitable market for foreign investors. Even the Western's threats have not hindered other country's private investors to take part in Iran's market. more...(Zawya News)

Gulf Air looks beyond the crisis

After Samer Majali took over his new position as the Chief Executive Officer of Gulf Air in 2009, he set out a three-phased turnaround plan for the ailing company .more...(Gulf News)

Grim warnings mark muted euro anniversary


Far from the fanfare which heralded its arrival a decade ago, the 10th anniversary of the euro yesterday was marked by questions over its survival and predictions of more economic gloom in Europe. more... (Gulf News)

Quote of the Day:

"The secret of all great undertakings is hard work and self-reliance."Gustavus F. Swift

 
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
30-Dec-11
29-Dec-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
77.54
0.11%
14.38%
14.40%
-2.70
     
30-Dec-11
28-Dec-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
984.61
989.75
-5.14

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.64
11.73
11.77
11.84
Offer
12.14
11.98
12.02
12.34

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.90
11.80
11.95
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
90.5
116.37
1.16
138.37
24.60
1.62
0.81

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.82
11.95
12.05
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
0.99
1.83
1.88
1.98
3.67
8.56
12.98
Change bps
0.00
-1.00
-3.00
2.00
0.00
2.30
0.00

Commodities

     
30-Dec-11
02-Jan-12
change
WTI (USD/bbl)    
99.89
99.83
0.23%
     
Brent (USD/bbl)    
107.93
107.38
-0.51%
     
Arab Light (USD/bbl)    
109.51
107.95
-1.42%

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
45,216.42
44,848.72
0.82%
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
1,566.80
1,553.20
0.88%
Sugar 11 (USD/lb)
23.30
23.51
-0.89%
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)
7,590.00
7,413.75
2.38%

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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.