BasedLine

Date: 09-January-2012
KSE-100 Index
Previous Index 11,187.88
Current Index 11,125.35
Change % -0.56%
YTD (CY11) -1.96%
YTD (FY12) -10.97%
KSE-100 Index
Previous Index 20,117.40
Current Index 19,980.36
Change % -0.68%
YTD (CY11) -0.78%
YTD (FY12) -4.57%
International Indicators
 
Close
%age
BSE-30 15,867.70 0.07
HANGSENG 18,593.10 -1.17
NIKKEI 225 8,390.35 -1.16
FTSE 5,649.68 0.45
DJIA 12,359.90 0.45
SSEC 2,220.08 2.62
NASDAQ 2,674.22 0.16
 
Close
%age
TASI 6,467.61 0.24
KSE(Kuwait) 5,723.40 -0.06
BSE 1,137.72 0.00
MSM 5,739.72 0.13
ADX 2,386.47 -0.51
DFM 1,335.03 -1.02
QSE 8,829.24 -0.64
Capital Market Overview

Weekly review: Bourse kicks off new year on a negative note

The bearish trend at the Karachi stock market continued as the benchmark KSE-100 index shed 2% or 223 points during the week ended January 7.The start of the new year meant that the long-awaited gas development surcharge was implemented on various industries, ranging from a relatively modest 14% hike for domestic users to a massive 207% hike on the fertiliser sector. more... (ET)

NAVs and Returns
as of January 06, 2012
Funds Offer Redemption
POGSF
10.2518/-
10.2518/-
YTD Return
11.74%
POAIIF
53.1672/-
52.6355/-
YTD Return
13.26%
POAAAF
45.86/-
44.71/-
YTD Return
-11.50%
POIAAF
53.22/-
51.89/-
YTD Return
-0.69%
POAF
10.87/-
YTD Return
11.20%
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
39.68
3,412
34.60
1.82
-1.96%
KSE30
6.13
527
24.47
1.66
-0.13%
KMI30
4.48
386
18.30
1.21
-0.78%
KSE All
33.64
2,893
39.04
1.84
-1.78%
January 06 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
144.80
116.77
-27.35%
OGDC
16.00
137.77
143.71
-9.95%
UBL
2.00
54.53
44.91
-11.92%
LUCK
1.70
77.95
38.17
10.04%
January 06 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
27.43
-28.99
-1.57
Foreign Corporates
2644.02
-2,802.91
-158.89
Overseas Pakistani
142.32
-85.71
56.60
Grand Total
2813.76
-2,917.62
-103.86
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
05-Jan-12
06-Jan-12
Change
Gross Buy
6.35
-71.36%
6.35
-71.36%
0.71
2.81
296.55%
Gross Sell
-13.19
24.94%
-13.19
24.94%
-2.48
-2.92
17.88%
Net Buy/(Sell)
-6.68
-156.18%
-6.68
-156.18%
-1.77
-0.10
-94.12%
S.C.R.A
Country
During the Period FY12TD
05-01-2012
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
4.67
-
-
11.71
-
-
-7.04
0.04
-
-0.04
Luxembourg
14.40
-
-
33.00
-
-
-33.75
-
0.19
-0.19
Switzerland
18.73
0.35
-
28.00
0.53
-
-9.45
-
0.88
-0.88
UAE
2.61
0.52
-
3.44
4.18
-
-5.02
-
-
-
UK
22.67
0.16
-
92.69
0.29
3.47
-73.64
-
0.62
-0.62
USA
103.90
-
-
175.53
-
19.06
-90.68
0.00
0.83
-0.82
Total
201.43
1.03
-
385.09
5.00
29.22
-217.38
0.04
2.53
-2.49
News Clippings
Economy

Debt repayments build pressure on rupee

Hefty debt payments have continued to pile on the pressure on the rupee which has touched new lows against the dollar with major support lacking from dwindling foreign investment and less-than-expected growth in exports. more... (ET)

Gold eases on firm dollar, euro zone fear

Gold prices lost more than half a percent on Monday, after the momentum that pushed prices up 3 percent last week fizzled as the dollar firmed with growing worries about the euro zone debt crisis. more... (BR)

‘Brotherly’ countries turn down Pakistan’s request

All rhetoric of brotherhood notwithstanding, two ‘friendly’ Arab countries have refused to supply oil to Pakistan on long-term credit. more... (ET)

Bill passed: Sindh to collect GST on key services

In a bid to assert its financial autonomy, the Sindh government on Saturday passed a bill authorising itself to collect general sales tax (GST) on some key services, which had been a major source of dispute between the central and provincial governments.
more... (ET)

Company & Sector Update

Business Express train to operate from Feb, 3

‘Business Express’ first non stop train between Lahore and Karachi on the basis of public-private partnership will operate from February 3. more... (BR)

Rs 1.16bn BISP disburses by mobile phone banking


Benazir Income Support Programme (BISP) has disbursed an amount of Rs 1.16 billion through Mobile Phone Banking, ensuring faster and more reliable cash transfer to its beneficiaries. more... (BR)

Agriculture slips on the priority list

The mannerism of the debate shows how seriously the highest legislative and policymaking body in the province, comprising more than 70 per cent of farmers and their representatives, take matters related to agriculture. The run is now how to politically secure seat for next general elections rather than spare time for more tedious matters. more... (D)

Lenders put relationships on line in capital squeeze


The most lucrative client relationships take years to build, yet the tough lending decisions banks now face could sever them in minutes.Europe’s banks have long discounted loans to clients in order to maintain close links with borrowers so they can win more profitable business from them at a later date. more... (D)

Political

New province: Punjab Assembly divided over Seraiki cause

As the Pakistan Peoples Party (PPP) and its allies plan to table a bill on the creation of a Seraiki province in the next National Assembly session, the situation in the Punjab Assembly (PA) remains uncertain, with legislators from both sides of the divide staying strongly aligned to their party affiliations. more... (ET)

Starving for money: KMC plans to tax road users

The city administration wants a Karachi-specific tax on auto fuel consumption as a way to recover charges from the public for using roads, bridges and other infrastructure, a top official has told The Express Tribune. .more... (ET)

Labour dept to spend Rs 4.1b for healthcare

Punjab Labour Minister Haji Ehsaan-ud-Din Qureshi has said that the Labour Department will spend Rs 4.1 billion for providing modern healthcare facilities to labourers and their families. more... (BR)

Show of unity: PPP, PML-Q will contest Senate elections together

Sunday lunch is often the meatiest of the week. It was no different in Lahore on Sunday during a lunch ceremony arranged by the Pakistan Peoples Party for the Pakistan Muslim League-Quaid. more... (BR)

GCC

UAE first in Arab world for wealth, education

The UAE was ranked 30th in 2011 by the United Nations Development Programme (UNDP) out of 187 countries globally in its latest Global Human Development Report released here on Sunday. more... (Gulf News)

Gulf banks' capital ratios in good health

Gulf Arab banks will have an opportunity to boost their lending in 2012, as they enjoy relatively healthy capital ratios compared with their international peers, though growth in their loan books will be contained by concerns about continuing debt restructurings and worries about the global economy, analysts said. more...(Gulf News)

UAE industrial sector up 11% in 2011

The UAE's industrial sector expanded by nearly 11 per cent in 2011 to maintain its position as second largest component of GDP after the hydrocarbon sector, according to a semi official study. more...(Zawya)

US threatens action if Iran closes Hormuz


The escalating tension between Iran and the international community yesterday took a grim turn that military experts said could be “indicators of war, but would not lead to a military conflict”. more... (Zawya)

Quote of the Day:

" Our deeds determine us, as much as we determine our deeds. ." George Eliot

 
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 30, 2011)
$16.92 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 (Dec 23, 2011)
Rs783.33bn
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
06-Dec-11
05-Dec-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
77.47
0.03%
14.42%
14.42%
0.40
     
06-Dec-11
05-Dec-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
990.50
984.18
6.32

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.53
11.63
11.68
11.78
Offer
12.03
11.86
11.93
12.26

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
9.10
11.30
11.65
11.75
11.80
11.90
Low  
9.00
11.00
11.50
11.60
11.65
11.75

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
91.30
118.00
1.18
142.30
25.00
1.59
0.81

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.65
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
12.65
12.70
10 Y-PIB
12.64
12.62
12.66
12.70

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.99
1.92
1.97
2.05
3.78
8.36
12.62
Change bps
0.00
2.00
2.00
2.00
0.00
0.70
-4.00

Commodities

     
06-Jan-12
09-Jan-12
change
WTI (USD/bbl)    
101.38
101.07
-0.31%
     
Brent (USD/bbl)    
112.28
113.12
0.75%
     
Arab Light (USD/bbl)    
112.74
114.47
1.53%

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
46,454.96
46,798.66
-0.73%
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
1,624.80
1,617.30
0.46%
Sugar 11 (USD/lb)
23.29
23.13
0.69%
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.