BasedLine

Date: 04-January-2012
KSE-100 Index
Previous Index 11,282.01
Current Index 11,402.04
Change % 1.06%
YTD (CY11) 0.48%
YTD (FY12) -8.75%
KSE-100 Index
Previous Index 20,139.18
Current Index 20,454.03
Change % 1.56%
YTD (CY11) 1.57%
YTD (FY12) -2.30%
International Indicators
 
Close
%age
BSE-30 15,939.40 2.72
HANGSENG 18,877.40 2.40
NIKKEI 225 8,455.35 0.67
FTSE 5,699.91 2.29
DJIA 12,397.40 1.47
SSEC 2,199.42 1.18
NASDAQ 2,648.72 1.67
 
Close
%age
TASI 6,413.88 0.24
KSE(Kuwait) 5,780.90 -0.19
BSE 1,134.61 -0.34
MSM 5,721.81 0.20
ADX 2,409.38 0.52
DFM 1,350.45 0.66
QSE 8,880.43 1.07
Capital Market Overview

Market Watch: Inflation data boosts investor sentiment at bourse

Single digit inflation helped the index post decent gains on Tuesday amid a highly active session.The Karachi Stock Exchange’s (KSE) benchmark 100-share index surged 1.06 per cent or 120.03 points to end at the 11,402.04 point level. more... (ET)

NAVs and Returns
as of January 03, 2012
Funds Offer Redemption
POGSF
10.2423/-
10.2423/-
YTD Return
11.75%
POAIIF
53.1285/-
52.5972/-
YTD Return
13.32%
POAAAF
46.35/-
45.19/-
YTD Return
-10.55%
POIAAF
53.68/-
52.34/-
YTD Return
0.17%
POAF
10.86/-
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
31.85
2,739
53.12
2.31
0.48%
KSE30
6.25
528
32.72
2.06
1.96%
KMI30
4.59
395
25.73
1.53
1.57%
KSE All
34.42
2,960
63.05
2.36
0.49%
January 03 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
143.93
116.77
-27.78%
OGDC
16.00
146.82
143.71
-4.03%
UBL
2.00
55.46
44.91
-10.42%
LUCK
1.70
77.74
38.17
9.74%
January 03 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
8.70
-14.03
-5.33
Foreign Corporates
340.02
-1,616.10
-1,276.08
Overseas Pakistani
181.70
-271.70
-90.00
Grand Total
530.42
-1,901.83
-1,371.41
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
02-Jan-12
03-Jan-12
Change
Gross Buy
0.70
-59.36%
0.70
-59.36%
0.19
0.53
183.45%
Gross Sell
-3.59
177.86%
-3.59
177.86%
-1.78
-1.90
7.05%
Net Buy/(Sell)
-2.83
-740.23%
-2.83
-740.23%
-1.59
-1.37
-13.72%
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

Price stability: December inflation down to single digits

For the first time in over two years, inflation in Pakistan dropped to single digits, with the consumer price index climbing by 9.75% in December, compared to the same period last year, according to data released by the Pakistan Bureau of Statistics on Monday. more... (ET)

LPG price jumps to Rs135 per kg

The Pak Arab Refinery and the Pakistan Petroleum Limited increased LPG base stock price from Rs69,623 to Rs79,340 per ton following the increase in Saudi Aramco Contract Price for January.more... (D)

Power crisis: FPCCI blames govt for mismanagement

President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Senator Haji Ghulam Ali has said government is mishandling the energy crisis and does not taking the business community on board in its decision-making process. more... (ET)

Hike in prices of 27 commodities, 20 register decline in December

A Free and Fair Election Network (FAFEN) reported on Tuesday prices of 27 commodities increased in December 2011 compared to the preceding month while those of 20 others fell and five remained unchanged..more... (DT)

Company & Sector Update

Textile millers to start protest drive

Taking cue from the compressed natural gas (CNG) dealers, the textile millers will launch a series of protests from today (Wednesday) against suspension of gas supply for a whole month. more... (ET)

Refining margins fall 12% to $3.89 per barrel

Refining margins fell by 12% to $3.89 per barrel during December on a monthly basis, in line with drop in Arab light prices.more... (ET)

ECC decides to purchase 378,000 tons of sugar

With sugar mills reducing their bid price by about Rs17 per kg, the Economic Coordination Committee of the cabinet on Tuesday decided to purchase 378,000 tons of sugar for strategic reserves, but a dispute between Punjab and Sindh over fertiliser exchange remained unresolved. more... (D)

OGDC discovers hydrocarbon in Zin block

The Oil and Gas Development Company Limited (OGDC) has discovered a hydrocarbon bearing horizon in its exploratory well Zin x-1, located in District Dera Bugti, Balochistan, Eram Ali Aziz, company secretary to the OGDC, announced on Tuesday. more... (D)

Political

New provinces’ cause gets noisy boost in NA


Out of the blue, demands for new provinces, which envision to split some of Pakistan’s existing units vertically and horizontally and could become a major campaign issue in the next election, got a big sentimental and noisy boost in the National Assembly on Tuesday, overshadowing an upsurge of protests against gas shortages. more... (D)

Imran says govt has lost mandate to rule

Pakistan Tehrik-i-Insaf chairman Imran Khan said on Tuesday his party would decide whether to go for a civil disobedience campaign or use other means to oust the government during its Central Executive Committee meeting on Saturday, adding that the government had lost the confidence of the people .more... (D)

President greets Democrats for winning KPC election

President Asif Ali Zardari has felicitated Tahir Hassan Khan, president and other office-bearers of the Democratic Panel on winning all seats in the Karachi Press Club (KPC) election .more... (DT)

Marking the anniversary: Polarising in life, and death

The religious right has called for observing January 4, Taseer’s first death anniversary, in ‘honour’ of his self-confessed assassin Mumtaz Qadri and mark it as the Tahafuz-e-Namoos-e-Risalat (protection of the sanctity of Prophethood) day.more... (ET)

GCC

Moroccan king unveils Islamist-led government

Morocco's King Mohammed VI on Tuesday named a new government dominated by moderate Islamists who won polls the monarch called early to abort protests inspired by the Arab Spring.more... (Zawya News)

Plastic industry set to grow rapidly in Gulf countries

The Gulf states have what it takes to become a plastics production powerhouse on the back of their abundant hydrocarbon resources, and domestic demand growth driven by high per-capita income and population growth, according to a study. more...(Zawya News)

Gold tops Dubai exports, fed by Indian demand, strong market

Gold was on a winning streak as it topped Dubai's exports in the first nine months of last year amounting to Dh45 billion on the back of high demand from India and a bullish market, latest statistics and analysts say .more...(Gulf News)

Dubai records 23% growth in non-oil trade in 9 months


Dubai’s non-oil total trade, which includes direct trade, free zone trade, and customs warehouse trade, exceeded Dh814 billion at the end of third quarter in 2011, an increase by 23 per cent compared to Dh661 billion recorded in the same period of 2010.more... (Gulf News)

Quote of the Day:

"Success is the good fortune that comes from aspiration, desperation, perspiration and inspiration."Evan Esar

 
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- Dec 11) 10.9%
   
NFNE Core INFL - YoY (Dec 11) 10.1%
   
NFNE Core INFL -FY11 (Jul 11 - Dec 11) 10.2%

Money Market

 
Price
Change
03-Dec-11
02-Dec-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
77.44
-0.22%
14.42%
14.35%
6.80
     
03-Dec-11
02-Dec-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
984.18
984.53
-0.35

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.42
11.66
11.70
11.80
Offer
11.92
11.91
11.95
12.30

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
9.75
11.60
11.75
11.85
11.85
11.90
Low  
9.00
11.30
11.65
11.25
11.70
11.75

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
90.4
117.26
1.18
140.39
24.60
1.60
0.81

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.70
11.80
11.90
Last Cut Off.
11.83
11.67
11.90
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.70
12.65
12.85
12.70
10 Y-PIB
12.70
12.66
12.98
12.70

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.99
1.90
1.95
2.03
3.78
8.36
12.66
Change bps
1.00
-1.00
7.00
5.00
-4.00
-2.90
-32.00

Commodities

     
03-Jan-12
04-Jan-12
change
WTI (USD/bbl)    
100.26
102.79
2.5%
     
Brent (USD/bbl)    
108.60
111.94
3.08%
     
Arab Light (USD/bbl)    
107.88
114.93
6.54%

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
46,134.40
45,598.70
1.17%
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
1,598.70
1,580.10
1.18%
Sugar 11 (USD/lb)
24.51
23.30
5.19%
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.