BasedLine

Date: 03-January-2012
KSE-100 Index
Previous Index 11,347.66
Current Index 11,282.01
Change % -0.58%
YTD (CY11) -0.58%
YTD (FY12) -9.72%
KSE-100 Index
Previous Index 20,137.71
Current Index 20,139.18
Change % 0.01%
YTD (CY11) 0.01%
YTD (FY12) -3.81%
International Indicators
 
Close
%age
BSE-30 15,517.90 0.41
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 6,398.72 0.20
KSE(Kuwait) 5,791.70 -0.39
BSE 1,138.51 -0.45
MSM 5,710.45 0.11
ADX 2,396.98 -0.22
DFM 1,341.56 -0.87
QSE 8,786.07 0.08
Capital Market Overview

Market Watch: Bourse starts new year on a low note

The stock market opened the year on a negative note with the index sinking below 11,200 points intraday. However, a slight recovery was witnessed after better than expected inflation numbers were announced.The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.58 per cent or 65.65 points to end at 11,282.01 point level. more... (ET)

NAVs and Returns
as of January 02, 2012
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
31.52
2,710
29.30
1.42
-0.58%
KSE30
6.14
528
14.13
1.15
0.16%
KMI30
4.52
389
7.74
0.67
0.01%
KSE All
34.07
2,930
33.17
1.43
-0.53%
January 02 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
137.08
116.77
-31.22%
OGDC
16.00
147.74
143.71
-3.43%
UBL
2.00
53.45
44.91
-13.66%
LUCK
1.70
74.93
38.17
5.77%
January 02 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
2.30
-5.06
-2.76
Foreign Corporates
99.47
-1,450.03
-1,350.56
Overseas Pakistani
85.36
-321.52
-236.16
Grand Total
187.13
-1,776.62
-1,589.49
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
30-12-2011
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
-
-
11.71
-
-
-7.08
0.00
0.04
-0.04
Luxembourg
14.40
-
-
33.00
-
-
-33.56
0.26
0.49
0.23
Switzerland
18.73
0.35
-
27.12
0.53
-
-8.57
-
-
-
UAE
2.61
0.52
-
3.44
4.18
-
-5.02
-
-
-
UK
22.67
0.16
-
92.06
0.29
3.47
-73.02
0.00
0.10
-0.10
USA
103.90
-
-
174.70
-
19.06
-89.85
0.06
0.46
-0.40
Total
201.38
1.03
-
382.56
5.00
29.22
-214.89
0.32
1.09
-0.77
News Clippings
Economy

Inflation falls to 9.75pc in Dec

Pakistan inflation tumbled to a 13-month low in December 2011, statistics showed on Monday with officials saying that the State Bank of Pakistan may cut its benchmark rate in the next monetary policy .more... (D)

Revenue collection on target, but deficit still likely to widen

The government is meeting its revenue collection targets but may still exceed its targeted budget deficit. While tax collection has so far met the government’s own schedule, the refusal by the United States government to release Coalition Support Funds may still cause the budget deficit to exceed even the revised target of 4.7% of the total size of the economy.more... (ET)

Cotton market opens New Year with brisk trading

Trading remained brisk with buying in lint of all grades amid firm spot rate, traders at the Karachi Cotton Association (KCA) said on Monday. more... (DT)

Kot Lakhpat Fruit and Vegetable Market: LHC summons AC on contempt plea

Justice Syed Mansoor Ali Shah of the Lahore High Court (LHC) directed Model Town Assistant Commissioner Irfan Memon and Market Committee Secretary Abdul Waheed to appear in court today (Tuesday) on petition against non-compliance of court orders with regard to reopening the exit and entry points of Kot Lakhpat Fruit and Vegetable Market..more... (DT)

Company & Sector Update

Asim Hussain paints a dire picture of the gas crisis

A lack of investment in last few decades, poor policies and security threats in exploring gas in sensitive parts of the country have all played equal roles in the present gas crisis, said Petroleum Minister Asim Hussain. more... (ET)

CAA imposes two new taxes on airlines

The Civil Aviation Authority (CAA) on Monday deferred an increase in charges on domestic and international air travelers till January 16, officials said.more... (ET)

Pharma industry swimming against the tide

The world is going towards centralised approach for drugs regulation to ensure uniform and top quality medicines for the consumers, the government has decentralised regulation of drugs to provincial level without going into fallouts of this decision. more... (DT)

Gas price hike, shortage cripple life

Life in major cities of Punjab and Khyber Pakhtunkhwa and the capital Islamabad remained crippled on Monday as most of the public transport remained off the roads, industrialists took to the street and factory workers protested against gas loadshedding. more... (D)

Political

MQM submits bill in NA for new provinces


The Muttahida Qaumi Movement submitted on Monday to the National Assembly secretariat a constitution amendment bill seeking creation of new provinces in Punjab and Khyber Pakhtunkhwa. more... (D)

No regrets for setting up military court: Nawaz

Nawaz Sharif, the eponymous chief of Pakistan Muslim League-Nawaz said on Monday that he felt no qualms for whatever he did for Karachi’s peace during his time as the country’s prime minister.more... (ET)

Kamran Rizvi rejoins MQM-H Afaq group

Kamran Rizvi, who was holding a key post in Muhajir Qaumi Movement-Haqiqi (MQM-H) Amir Khan Group, on Monday announced his rejoining MQM-H Afaq Group, claiming more than 170 workers, who left Afaq, had also rejoined the party. Addressing a news conference at the Karachi Press Club along with some 15 men, Rizvi said.more... (DT)

Zardari calls for master plan to cope with floods

President Asif Ali Zardari has called for a comprehensive 20-year master plan aimed at restoring, remodeling and enhancing the capacity of the drainage system for coping with floods and stagnant water and utilising abandoned natural drains like the Naro and Hakro Dhoros.more... (D)

GCC

Euro firms against dollar in Asian trade

The euro rebounded against the dollar in Asian trade Tuesday but ongoing worries over Europe's debt woes will see investors favouring the greenback over the long-term, analysts said.more... (Zawya News)

South Pars oilfield reserves estimated at 7.5bn barrels of oil

South Pars oilfield reserves are estimated at 7.5 billion barrels of oil, Managing Director of Pars Oil and Gas Company Mousa Souri said on Monday. more...(Zawya News)

Carbon tax raises Europe travel costs

It was not a happy beginning to the year for the global airline industry as the European Union imposed carbon taxes on airlines across the world from January 1. .more...(Gulf News)

Dubai records land transactions worth Dh143b


Dubai Land Department has recorded 35,297 transactions worth Dh143 billion last year, a 20 per cent increase in value over 2010 records, a statement said. more... (Gulf News)

Quote of the Day:

"Every day do something that will inch you closer to a better tomorrow."Doug Firebaugh

 
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 (Dec-11) 9.7%
   
CPI Gen. - FY11 (Jul 11- Nov 11) 11.1%
   
NFNE Core INFL - YoY (Dec 11) 10.1%
   
NFNE Core INFL -FY11 (Jul 11 - Nov 11) 10.2%

Money Market

 
Price
Change
02-Dec-11
30-Dec-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
77.61
0.09%
14.35%
14.38%
-2.70
     
02-Dec-11
30-Dec-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
948.53
984.61
-36.08

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
90.3
116.37
1.16
138.48
24.65
1.61
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
0.98
1.91
1.88
1.98
3.82
8.39
12.98
Change bps
-1.00
8.00
0.00
0.00
15.00
-17.40
0.00

Commodities

     
02-Jan-12
03-Jan-12
change
WTI (USD/bbl)    
99.83
100.26
1.45%
     
Brent (USD/bbl)    
107.38
108.60
1.14%
     
Arab Light (USD/bbl)    
107.95
107.88
-0.06%

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
44,598.70
45,216.42
0.85%
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
1,580.10
1,566.80
0.85%
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.