BasedLine

Date: 11-January-2012
KSE-100 Index
Previous Index 11,040.30
Current Index 10,933.18
Change % -0.97%
YTD (CY11) -3.65%
YTD (FY12) -12.51%
KSE-100 Index
Previous Index 19,923.66
Current Index 19,791.48
Change % -0.66%
YTD (CY11) -1.72%
YTD (FY12) -5.47%
International Indicators
 
Close
%age
BSE-30 16,165.10 2.22
HANGSENG 19,004.30 0.73
NIKKEI 225 8,422.26 0.38
FTSE 5,696.70 1.50
DJIA 12,462.50 0.56
SSEC 2,284.72 -1.02
NASDAQ 2,702.50 0.97
 
Close
%age
TASI 6,476.60 0.54
KSE(Kuwait) 5,720.30 0.46
BSE 1,134.48 -0.04
MSM 5,713.96 -0.34
ADX 2,362.17 0.05
DFM 1,340.32 0.36
QSE 8,629.25 -2.05
Capital Market Overview

Market Watch: Bourse closes below 11,000-point mark

The stock market closed below the 11,000-point mark, levels last seen in November 2010, over speculations regarding Supreme Court’s decision on NRO case. more... (ET)

NAVs and Returns
as of January 10, 2012
Funds Offer Redemption
POGSF
10.2606/-
10.2606/-
YTD Return
11.65%
POAIIF
53.2188/-
52.6866/-
YTD Return
13.17%
POAAAF
45.63/-
44.49/-
YTD Return
-11.94%
POIAAF
52.93/-
51.61/-
YTD Return
-1.22%
POAF
10.88/-
YTD Return
11.23%
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
39.14
3,366
33.33
1.64
-3.65%
KSE30
6.06
521
22.81
1.53
-1.16%
KMI30
4.44
382
21.70
1.25
-1.72%
KSE All
33.08
2,845
43.52
1.77
-3.41%
January 10 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
146.34
117.04
-26.57%
OGDC
16.00
134.06
144.05
-12.37%
UBL
2.00
53.66
45.02
-13.33%
LUCK
1.70
76.60
38.26
8.13%
January 10 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
10.04
-6.73
3.31
Foreign Corporates
1,179.52
-1,067.83
111.69
Overseas Pakistani
214.77
-144.68
70.09
Grand Total
1,404.32
-1,219.23
185.09
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
09-Jan-12
10-Jan-12
Change
Gross Buy
8.46
-74.18%
8.46
-22.60%
0.75
1.40
86.94%
Gross Sell
-15.40
-5.24%
-15.40
2.88%
-1.04
-1.22
16.89%
Net Buy/(Sell)
-6.78
-140.17%
-6.78
66.12%
-0.29
0.19
-163.42%
S.C.R.A
Country
During the Period FY12TD
09-01-2012
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
-
-
-34.36
-
0.32
-0.32
Switzerland
18.83
0.35
-
28.06
0.53
-
-9.41
0.10
-
0.10
UAE
4.60
0.52
-
3.44
4.18
-
-3.02
1.99
-
1.99
UK
23.53
0.16
-
93.73
0.29
3.47
-73.82
-
0.47
-0.47
USA
105.75
-
-
181.04
-
19.06
-94.34
0.19
2.95
-2.77
Total
206.27
1.03
-
393.20
5.00
29.22
-220.64
2.27
4.61
-0.34
News Clippings
Economy

Remittances rise 19%

Remittances sent home by overseas Pakistani workers rose 19.5 per cent to $6.32 billion in the first half (July-December) of the current fiscal year 2011-12 compared to $5.29 billion received in the same period of previous year, shows data released by the State Bank of Pakistan (SBP) on Tuesday. more... (ET)

Attracting investment: Cabinet body decides to ease tariff regime

A high level cabinet body on Tuesday decided to rationalise the tariff regime to attract foreign investment and accelerate the process of national development. more... (ET)

Pakistan exports enhanced to $ 11.24bn

Pakistan's exports during July-December 2011-12 improved by 3.94 percent to $ 11.241 billion, compared to $ 10.815 billion in the same period last year. more... (BR)

Rupee recovers

The Pakistani rupee posted gains on Tuesday after falling to a record low a day earlier, as dollar supplies exceeded demand from importers, dealers said.The rupee ended at 90.00/05 to the dollar, up sharply from 90.75/80 on Monday. more... (TFD)

Company & Sector Update

Yarn sales drop sharply as buyers disappear from market

The country's biggest yarn market in Faisalabad is experiencing a serious dearth of business because of declining textile exports and protracted energy outages, with sales of the silver fibre plummeting 80 per cent following shutdown of many textile manufacturing units, traders say. more... (ET)

Rs11bn Business Plan loan from NBP: PSM seeks GoP nod for release of remaining Rs5bn

The Pakistan Steel Mills (PSM) has sought a Letter of Comfort (LoC) from the Government of Pakistan (GoP) for disbursement of the remaining loan of Rs 5 billion from the National Bank of Pakistan with the objective of implementing the Business Plan of Rs 11 billion. more... (BR)

H1 cement exports down 5 percent

The country's cement exports fell by some 5 percent during the first half of current fiscal year due to slow external demand. more... (BR)

Koreans invited to invest in coal, wind sectors


Sindh Board of Investments (SBI) has invited Korean investors to invest in Pakistan especially in coal and wind sectors. more... (BR)

Political

Pir Pagara passes away: The political oracle goes silent

Veteran politician and spiritual leader of the Hur Jamaat, Pir Pagara died in London on Tuesday. more... (ET)

In NRO case, government has one option left

According to the latest remarks from the Supreme Court with regards to the verdict in the National Reconciliation Ordinance Case (NRO), an investigation can be carried out and Prime Minister Yousaf Raza Gilani can be declared ineligible for ten years. The verdict also stated that the government had been given two years, yet no action had been taken. more... (ET)

NRO fallout: Rehman Malik lifts lid on Nawaz pardon deal

Interior Minister Rehman Malik on Tuesday made public the pardon agreement signed between former president Pervez Musharraf and the former prime minister Nawaz Sharif 11 years ago. more... (ET)

Shaukat Aziz not optimistic about free trade with US

Former finance and prime minister Shaukat Aziz is not optimistic about a free trade agreement with the US saying that even when Congress was very friendly, they couldn’t get things through. more... (ET)

GCC

UAE bank deposits decline by 0.8%

Bank deposits in the UAE fell in November to Dh1.05 trillion, or 0.8 per cent from the previous month, the latest data from the Central Bank shows.Total bank assets, however, rose to Dh1.67 trillion, up 0.1 per cent over October’s Dh1.67 trillion.
more... (Zawya)

Oil lower in Asia on profit-taking

Oil prices slid in Asian trade Wednesday as traders took profit from recent gains, with weak US energy demand dampening the market's mood despite concerns over tension in Iran and Nigeria, analysts said. more...(Zawya)

UAE tourism sector jumps 10 times in 40 years

The UAE's tourism sector has leaped by nearly 10 times over the past four decades as a result of massive investments within an extensive drive to diversify the country's oil-reliant economy, a well-known expert has said. more...(Zawya)

UAE in talks with Oman on refinery joint venture

The UAE is in talks with Oman about jointly building a refinery with its non-Opec oil producing neighbour, the UAE's economy ministry said yesterday. more... (Gulf News)

Quote of the Day:

" You get the best out of others when you give the best of yourself." Harry Firestone

 
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- Dec 11)
$6.32bn
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
10-Jan-12
09-Jan-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
77.04
-0.56%
14.60%
14.60%
0.00
     
10-Jan-12
09-Jan-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
994.69
1,002.77.18
-8.07

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.52
11.63
11.68
11.78
Offer
12.02
11.88
11.93
12.28

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.50
11.50
11.80
11.75
11.80
11.90
Low  
10.50
11.25
11.70
11.60
11.70
11.75

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
91.30
117.80
1.17
142.00
25.05
1.55
0.81

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.78
11.88
11.90
Last Cut Off.
11.83
11.67
11.90
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.54
12.48
12.56
12.70
10 Y-PIB
12.55
12.51
12.56
12.70

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.97
1.88
1.96
2.08
3.78
8.23
12.70
Change bps
-1.00
3.00
-2.00
7.00
0.00
2.70
0.00

Commodities

     
10-Jan-12
11-Jan-12
change
WTI (USD/bbl)    
101.64
101.79
0.15%
     
Brent (USD/bbl)    
112.78
112.87
0.08%
     
Arab Light (USD/bbl)    
114.36
115.58
1.07%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
98.82
94.15
4.96%
Furnace Oil (Rs/ton)
72,919.92
74,299.16
-1.86%
Cement (Rs. Bag Avg)
423.00
422.14
0.20%
Urea Fertilizer (Rs/bag)
1,775.83
1,742.08
1.94%
Gold 24cr (Rs./10gm) Khi
47,744.79
47,742.00
1.30%
Rice IRRI -6(Rs/100kg)
3,006.00
3,057.00
-1.67%
KCA Cotton (Rs/mound)
5,600.00
5,550.00
0.90%
International
Current
Previous
Change
Coal Spot(USD/ton)
112.95
111.35
1.44%
Gold Futures
1,638.50
1,616.80
1.34%
Sugar 11 (USD/lb)
23.32
23.24
-0.09%
Steel (USD/ton)
669.06
669.24
-0.03%
Wheat (CBT) (USD/bu)
639.75
641.75
-0.31%
PTA (USD/ton)
1,155.00
1,100.00
5.00%
Copper (USD/ton)
7,733.00
7,488.00
3.27%

Kindly Click here for PDF Version

(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.