BasedLine

Date: 10-January-2012
KSE-100 Index
Previous Index 11,125.35
Current Index 11,040.30
Change % -0.76%
YTD (CY11) -2.71%
YTD (FY12) -11.65%
KSE-100 Index
Previous Index 19,980.36
Current Index 19,923.66
Change % -0.28%
YTD (CY11) -1.06%
YTD (FY12) -4.84%
International Indicators
 
Close
%age
BSE-30 15,814.70 -0.22
HANGSENG 18,865.70 1.47
NIKKEI 225 8,390.35 -1.16
FTSE 5,612.26 -0.66
DJIA 12,392.70 0.27
SSEC 2,259.88 1.53
NASDAQ 2,676.56 0.09
 
Close
%age
TASI 6,441.62 -0.40
KSE(Kuwait) 5,694.10 -0.51
BSE 1,134.91 -0.25
MSM 5,733.23 0.13
ADX 2,360.96 -1.07
DFM 1,335.47 0.03
QSE 8,809.75 -0.22
Capital Market Overview

Market Watch: Bourse plummets in gloomy session

Investors decided to remain away from the bourse resulting in a gloomy session with not much activity on Monday.The Karachi Stock Exchange’s (KSE) benchmark 100-share index dropped 0.76 per cent or 85.05 points to end at the 11,040.30 point level. more... (ET)

NAVs and Returns
as of January 09, 2012
Funds Offer Redemption
POGSF
10.2592/-
10.2592/-
YTD Return
11.69%
POAIIF
53.2059/-
52.6738/-
YTD Return
13.19%
POAAAF
45.71/-
44.57/-
YTD Return
-11.78%
POIAAF
53.05/-
51.73/-
YTD Return
-1.00%
POAF
10.88/-
YTD Return
11.24%
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
39.44
3,392
16.87
0.82
-2.71%
KSE30
6.10
525
7.53
0.65
-0.54%
KMI30
4.47
384
6.45
0.57
-1.06%
KSE All
33.40
2,873
20.91
0.85
-2.48%
January 09 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
145.47
116.77
-27.01%
OGDC
16.00
136.01
143.71
-11.10%
UBL
2.00
54.00
44.91
-12.78%
LUCK
1.70
76.78
38.17
8.39%
January 09 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
-
-4.85
-4.85
Foreign Corporates
358.63
-987.90
-629.28
Overseas Pakistani
392.61
-50.33
342.27
Grand Total
751.23
-1,043.09
-291.86
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
06-Jan-12
09-Jan-12
Change
Gross Buy
7.09
-73.84%
7.09
-35.16%
2.81
0.75
-73.27%
Gross Sell
-14.21
11.71%
-14.21
-5.08%
-2.92
-1.04
-64.28%
Net Buy/(Sell)
-6.96
-147.32%
-6.96
70.45%
-0.10
-0.29
191.86%
S.C.R.A
Country
During the Period FY12TD
06-01-2012
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
4.71
-
-
11.71
-
-
-7.00
-
-
-
Luxembourg
14.40
-
-
33.00
-
-
-34.04
-
0.20
-0.20
Switzerland
18.73
0.35
-
28.00
0.53
-
-9.50
-
0.06
-0.06
UAE
2.61
0.52
-
3.44
4.18
-
-5.02
-
-
-
UK
23.53
0.16
-
93.26
0.29
3.47
-73.36
0.86
0.17
0.69
USA
105.57
-
-
178.09
-
19.06
-91.57
0.64
1.15
-0.51
Total
204.00
1.03
-
388.59
5.00
29.22
-218.31
1.50
1.58
-0.08
News Clippings
Economy

Weekly inflation goes up

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... (TFD)

Plan to phase out FED in 3 years readied

The Federal Board of Revenue has developed a new dynamic plan to phase out federal excise duty in three years. more... (BR)

Gold edges up; euro zone concerns remain

Gold prices edged higher on Tuesday after two straight sessions of losses, supported by a steady euro ahead of key bond auctions in the euro zone this week while sentiment remained fickle over the region's fiscal prospects. more... (BR)

Foreign portfolios shrink by $6.68mn

Foreign portfolio investors withdrew over $6.68 million from Pakistani bourses in the first week of new calendar year which is quite contrary to trend of previous year of first week where foreign investors invested $11.9 million, as per the National Clearing Company of Pakistan Limited (NCCPL) data. more... (TFD)

Company & Sector Update

Automobile output increases over 10pc

Production of various lightautomobiles increased by over 10 percent during the first fourmonths of the current fiscal year as against the same period of lastyear. more... (BR)

Despite growth in investment

The Sensitive Price Indicator (SPI), for the week ended on January 5, for the lowest income group up to Rs8,000 has registered increase of 1 per cent over the previous week. more... (TFD)

Infrastructure spending: With US help, power grid to get ‘smart meters'

Pakistan and the United States on Monday agreed to a programme where Washington would spend $60 million in financing the installation of ‘smart meters’ on the national electricity grid, in a bid to help power companies accurately book their revenues. more... (ET)

Gas shortage to soar to 1512 mmcfd in 2012-13


The gas shortfall would worsen in the country in the next fiscal year when the projected gas deficit would increase on both supply systems, Sui Northern Gas Pipelines (SNGPL) and Sui Southern Gas Company (SSGC), to 1312 MMcfd and 200 MMcfd respectively, sources told Business Recorder. more... (BR)

Political

Memogate case: Kayani, Pasha replies were illegal, implies PM

Having initially backtracked from cutting comments made against the military in a scathing speech in parliament, the prime minister has fired another salvo – this time questioning the acts of the military brass. more... (ET)

Ruling out clash: Zardari warns against anti-govt scheming

President Asif Ali Zardari throws down the gauntlet.
Political masquerades should know that their conspiracies cannot topple the Pakistan Peoples Party government which enjoys the people’s support, said President Zardari while chairing a meeting of senior members of his party at Bilawal House in Karachi on Monday. more... (ET)

Musharraf will be arrested when he returns: Manzoor Wassan

Sindh Home Minister Manzoor Wassan said on Monday that former president Pervez Musharraf will be arrested from the airport when he returns. more... (ET)

Imran warns govt of protests if judiciary attacked

Pakistan Tehrik-i-Insaaf chief Imran Khan threatened on Monday to launch protests if the government tried to attack the Supreme Court or the chief justice on the pretext of saving democracy or parliament in a bid to hide its corruption. more... (D)

GCC

Habshan-Fujairah oil pipeline 'will be ready within six months'

An oil export pipeline from Habshan in Abu Dhabi to Fujairah that will bypass the strategic Strait of Hormuz will be ready by the middle of 2012, the UAE Minister for Energy Mohammad Bin Dha'en Al Hameli said yesterday. more... (Gulf News)

Solar park will generate 10MW of power in 2013

His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has launched the Mohammad Bin Rashid Al Maktoum Solar Park with a 1,000 megawatt capacity at a cost of Dh12 billion. more...(Gulf News)

Jordan, Qatar plan offshore gas terminal

Qatar and Jordan are inching closer to constructing a multimillion dollar offshore gas terminal in Aqaba and a number of reception terminals in Jordan by next year to help the kingdom receive liquefied gas to replace imports from Egypt. more...(Gulf News)

IAEA confirms new Iran plant up and running

The UN atomic agency confirmed Monday that Iran has started enriching uranium at a new site in a difficult-to-bomb mountain bunker, in a move set to further heighten tensions with the West. more... (Zawya)

Quote of the Day:

" It is better to deserve honors and not have them than to have them and not deserve them. " Mark Twain

 
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
09-Dec-11
06-Dec-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
77.47
0.03%
14.42%
14.42%
0.40
     
09-Dec-11
06-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
11.55
11.65
11.68
11.79
Offer
12.05
11.90
11.93
12.29

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
91.65
117.80
1.18
141.80
25.15
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

     
09-Jan-12
10-Jan-12
change
WTI (USD/bbl)    
101.07
101.64
0.56%
     
Brent (USD/bbl)    
113.12
112.78
-0.30%
     
Arab Light (USD/bbl)    
114.47
114.36
-0.10%

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
46,747.24
46,454.96
0.63%
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
1,616.80
1,624.80
0.55%
Sugar 11 (USD/lb)
23.34
23.29
0.21%
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.