BasedLine

Date: 12-January-2012
KSE-100 Index
Previous Index 10,933.18
Current Index 10,933.18
Change % -0.02%
YTD (CY11) -3.68%
YTD (FY12) -12.53%
KSE-100 Index
Previous Index 19,791.48
Current Index 19,791.48
Change % 0.29%
YTD (CY11) -1.44%
YTD (FY12) -5.20%
International Indicators
 
Close
%age
BSE-30 16,175.90 0.07
HANGSENG 19,151.90 0.78
NIKKEI 225 8,447.88 0.30
FTSE 5,670.82 -0.45
DJIA 12,449.50 -0.10
SSEC 2,276.05 -0.42
NASDAQ 2,710.76 0.31
 
Close
%age
TASI 6,486.41 0.15
KSE(Kuwait) 5,717.10 -0.06
BSE 1,129.30 -0.46
MSM 5,709.64 -0.08
ADX 2,365.46 0.14
DFM 1,333.52 -0.51
QSE 8,710.89 0.95
Capital Market Overview

Market Watch: Stock market unchanged in dismal session

The stock market closed flat on Wednesday as local investor’s chose to remain sidelined due to the Supreme Court’s interim order given a day earlier.The Karachi Stock Exchange’s (KSE) benchmark 100-share index crawled down 0.02 per cent or 2.69 points to end at the 10,930.49 point level. more... (ET)

NAVs and Returns
as of January 11, 2012
Funds Offer Redemption
POGSF
10.2642/-
10.2642/-
YTD Return
11.66%
POAIIF
53.2330/-
52.7007/-
YTD Return
13.15%
POAAAF
45.67/-
44.53/-
YTD Return
-11.86%
POIAAF
53.05/-
51.72/-
YTD Return
-1.01%
POAF
10.89/-
YTD Return
11.22%
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
30.53
2,626
19.71
1.22
-3.68%
KSE30
6.07
522
16.07
1.13
-1.09%
KMI30
4.45
383
12.51
0.86
-1.44%
KSE All
33.08
2,845
23.06
1.23
-3.42%
January 11 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
145.48
117.04
-27.00%
OGDC
16.00
134.37
144.05
-12.17%
UBL
2.00
52.87
45.02
-14.60%
LUCK
1.70
77.57
38.26
9.50%
January 11 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
10.53
-5.83
4.70
Foreign Corporates
1,246.42
-1,904.81
-658.40
Overseas Pakistani
82.71
-93.51
-10.81
Grand Total
1,339.65
-2,004.15
-664.50
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
10-Jan-12
11-Jan-12
Change
Gross Buy
9.77
-70.18%
9.77
-10.62%
1.40
1.34
-4.61%
Gross Sell
-17.36
6.81%
-17.36
15.97%
-1.22
-2.00
64.38%
Net Buy/(Sell)
-7.42
-143.93%
-7.42
81.66%
0.19
-0.66
-459.01%
S.C.R.A
Country
During the Period FY12TD
10-01-2012
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
-
-
-34.92
-
0.55
-0.55
Switzerland
18.83
0.35
-
28.07
0.53
-
-9.42
-
0.02
-0.02
UAE
4.60
0.52
-
3.44
4.18
-
-3.02
-
-
-
UK
23.53
0.16
-
94.63
0.29
3.47
-74.73
-
0.91
-0.91
USA
106.01
-
-
182.46
-
19.06
-95.50
0.26
1.42
-1.16
Total
206.53
1.03
-
396.58
5.00
29.22
-223.77
0.26
3.39
-3.13
News Clippings
Economy

Trade deficit widens 38 per cent from July to December

Pakistan’s trade deficit widened to $11.5 billion in the first half of fiscal year 2011-12 due to slowdown in exports and more-than-anticipated rise in imports, a trend that experts say may build pressure on the balance of payments position. more... (ET)

Uncompetitive: Rupee fall enhances production cost

Textile manufacturers have expressed concerns that continuous depreciation of the rupee will enhance production cost of export goods, making their products uncompetitive in the world market, and will also lead to suspension of industrial activity, widespread job losses and a law and order situation. more... (ET)

Plan to import 0.5mn mcfd LNG

Pakistan plans to import around 500,000 million cubic feet per day (mcfd) of LNG from Qatar starting at the end of this year, an official at the Ministry of Petroleum and Natural Resources said Wednesday. more... (TFD)

Connectivity for growth stressed

The Planning Commission of Pakistan (PCP) has been charged with developing growth policy and managing the Public Sector Development Program (PSDP). more... (TFD)

Company & Sector Update

Investment decisions: Senate body declares National Bank deposits ‘too risky’

In what appears to be a scathing indictment of government-run businesses, a Senate Commerce Committee panel has ordered the state-owned AAA-rated State Life Insurance Corporation to withdraw its Rs4 billion term deposits in the state-owned AAA-rated National Bank of Pakistan, terming the investment “too risky”. more... (ET)

If PSO does not get Rs50b, the country will shut down again

In a depressingly familiar scene, Pakistan State Oil – the largest oil marketing company in the country – has warned that unless the government arranges for Rs50 billion in payments to its fuel suppliers, PSO will not be able to supply oil to power companies. more... (ET)

Handbrake: Honda production grinds to a halt in December

Honda’s operations almost ground to a halt in December as the company failed to manufacture a single car in its workshops owing to unavailability of parts. more... (ET)

Engro defends hike in urea price

The Engro Fertilizer Company (Pvt) Limited has justified the recent hike in the price of urea by Rs210 per bag on the pretext of lower supply of natural gas to the plant and imposition of 17 per cent general sales tax (GST) that resulted high cost of production. more... (TFD)

Political

PM dismisses Defence Secretary Lodhi, Nargis Sethi given additional charge of Defence Secretary

Prime Minister Syed Yousuf Raza Gilani has dismissed defence Secretary Lt General (Retd.) Naeem Khalid Lodhi. Cabinet Secretary Nargis Sethi has been given additional charge of Defence Secretary. more... (BR)

Pakistan wants to boost strategic partnership with UK: PM

Prime Minister Syed Yusuf Raza Gilani on Wednesday said that Pakistan wanted to enhance strategic partnership with the UK and also to expand trade relations to new heights for which conducive environment existed between the two countries. more... (BR)

PM remarks may lead to grievous consequences, warns ISPR

Pakistan's army warned Wednesday that critical comments made by the prime minister would have "serious ramifications" and could wreak "potentially grievous consequences for the country". more... (N)

JUI-F, PML-LM call for early elections

Leaders of the Jamiat Ulema-i-Islam (F) and Pakistan Muslim League (likeminded) have called for early general election to steer the country out of the current political crisis. more... (D)

GCC

Oil refiners sever links to Iran

European refiners have started to sever links with Iran, stopping spot purchases of crude ahead of a European Union meeting later this month that could impose a full oil embargo on Tehran. more... (Zawya)

Nakheel plans new mall on the Palm to attract tourists

Nakheel is looking to draw more tourists and new residents to the Palm Jumeirah with the addition of a new shopping mall. more... (Gulf News)

UAE and Greece striveto enhance cooperation

Shaikh Abdullah Bin Zayed Al Nahyan, UAE Foreign Minister, and Greek Vice President Theodoros Pangalos, yesterday opened the UAE-Greek Economic Forum which is aimed at discussing developing investment opportunities in Greece into joint projects that support government efforts to achieve common goals. more...(Gulf News)

Abu Dhabi prices at two-year low

The annual rate of inflation in Abu Dhabi emirate fell to a two-year low of 1.9 per cent in 2011 from 3.1 per cent the previous year, Statistics Centre Abu Dhabi (SCAD) said yesterday. more... (Gulf News)

Quote of the Day:

"Don't limit yourself. Many people limit themselves to what they think they can do. You can go as far as your mind lets you. What you believe, remember, you can achieve." Mary Kay Ash

 
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-Dec 11)
$-11.50bn
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
11-Jan-12
10-Jan-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
76.90
-0.18%
14.67%
14.60%
7.00
     
11-Jan-12
10-Jan-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,014.84
994.69
20.15

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.54
11.65
11.70
11.79
Offer
12.04
11.90
11.95
12.29

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

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
91.20
118.00
1.18
142.00
24.95
1.54
0.81

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.75
11.82
11.89
Last Cut Off.
11.78
11.83
11.89
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.54
12.48
12.48
12.70
10 Y-PIB
12.55
12.50
12.51
12.70

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.97
1.81
1.91
2.01
3.75
8.23
12.50
Change bps
0.00
-7.00
-5.00
-7.00
-3.00
0.40
-1.00

Commodities

     
11-Jan-12
12-Jan-12
change
WTI (USD/bbl)    
101.79
101.22
-0.56%
     
Brent (USD/bbl)    
112.87
112.94
0.06%
     
Arab Light (USD/bbl)    
115.58
114.70
-0.76%

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
47,570.07
47,355.79
0.45%
Rice IRRI -6(Rs/100kg)
3,015.00
3,006.00
0.30%
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
1,643.80
1,638.50
0.32%
Sugar 11 (USD/lb)
23.69
23.32
1.59%
Steel (USD/ton)
668.74
669.06
-0.05%
Wheat (CBT) (USD/bu)
641.00
639.75
0.20%
PTA (USD/ton)
1,155.00
1,100.00
5.00%
Copper (USD/ton)
7,767.00
7,733.00
0.44%

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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.