BasedLine

Date: 13-January-2012
KSE-100 Index
Previous Index 10,930.49
Current Index 10,909.12
Change % -0.20%
YTD (CY11) -3.86%
YTD (FY12) -12.70%
KSE-100 Index
Previous Index 19,848.56
Current Index 19,840.55
Change % -0.04%
YTD (CY11) -1.48%
YTD (FY12) -5.23%
International Indicators
 
Close
%age
BSE-30 16,037.50 -0.86
HANGSENG 19,095.40 -0.30
NIKKEI 225 8,385.59 -0.74
FTSE 5,662.42 -0.15
DJIA 12,471.00 0.17
SSEC 2,275.01 -0.05
NASDAQ 2,724.70 0.51
 
Close
%age
TASI 6,486.41 0.15
KSE(Kuwait) 5,746.90 0.52
BSE 1,132.74 0.30
MSM 5,690.83 -0.33
ADX 2,360.55 -0.21
DFM 1,327.54 -0.45
QSE 8,699.46 -0.13
Capital Market Overview

Market Watch: Bourse falls to four-month low

Stocks fell to a four-month low on Thursday in thin trade as investors stayed cautious following growing tensions between the government and the army.The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.2 per cent or 21.37 points to end at the 10.909.12 point level, its lowest closing since August 29. more... (ET)

NAVs and Returns
as of January 12, 2012
Funds Offer Redemption
POGSF
10.2693/-
10.2693/-
YTD Return
11.71%
POAIIF
53.2461/-
52.7136/-
YTD Return
13.13%
POAAAF
45.67/-
44.53/-
YTD Return
-11.86%
POIAAF
53.04/-
51.71/-
YTD Return
-1.03%
POAF
10.89/-
YTD Return
11.25%
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
30.47
2,621
17.60
0.94
-3.86%
KSE30
6.06
521
10.74
0.87
-1.16%
KMI30
4.45
383
7.06
0.63
-1.48%
KSE All
33.03
2,840
21.12
0.95
-3.59%
January 12 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
146.83
117.39
-26.33%
OGDC
16.00
133.85
144.48
-12.51%
UBL
2.00
52.65
45.15
-14.96%
LUCK
1.70
77.12
38.38
8.87%
January 12 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
0.81
-0.82
-0.02
Foreign Corporates
604.35
-377.74
226.61
Overseas Pakistani
50.18
-49.47
0.71
Grand Total
655.34
-428.03
227.30
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
11-Jan-12
12-Jan-12
Change
Gross Buy
10.41
-75.75%
10.41
-26.14%
1.34
0.66
-51.08%
Gross Sell
-17.77
-14.45%
-17.77
-8.10%
-2.00
-0.43
-78.64%
Net Buy/(Sell)
-7.20
-131.78%
-7.20
35.67%
-0.66
0.23
-134.21%
S.C.R.A
Country
During the Period FY12TD
11-01-2012
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
-
-
-34.99
-
0.55
-0.55
Switzerland
18.90
0.35
-
28.07
1.06
-
-9.89
-
0.02
-0.02
UAE
4.60
0.52
-
3.44
4.46
-
-3.30
-
-
-
UK
23.53
0.16
-
95.48
0.29
3.47
-75.58
-
0.91
-0.91
USA
106.57
-
-
183.11
-
19.06
-95.59
0.26
1.42
-1.16
Total
207.16
1.03
-
398.35
5.81
29.22
-225.71
0.26
3.39
-3.13
News Clippings
Economy

Foreign exchange: Reserves ease to $16.9b

Foreign exchange reserves eased marginally to $16.90 billion in the week ending January 6, from $16.92 billion the previous week, the central bank said on Thursday. more... (ET)

Gold falls on easing euro zone fears

Gold prices eased on Friday as fears about the health of the global economy abated after successful debt sales by Spain and Italy encouraged investors to put their money in riskier assets. more... (BR)

Economy stable despite challenges


Despite challenges at domestic and international front, economy of the country maintained stability as suggested by major economic indicators including foreign exchange reserves, workers remittances, inflation and industrial growth. more... (BR)

On CGT waiver ,SECP fails to woo NA body


The Securities and Exchange Commission of Pakistan(SECP) has proposed two-year exemption on capital gains tax besides reduction in corporate tax rate at 35 per cent at present. more... (TFD)

Company & Sector Update

Attracting investment: Govt considering amnesty for stock brokers

The government is considering offering an amnesty scheme to attract investment in the dwindling stock market by allowing tax evaders to declare their hidden incomes by paying a nominal investment tax before investing the money. more... (ET)

Gas crisis to ease in 2013: minister

The prevailing gas crisis will ease by the end of 2013 following addition of 2.6 billion cubic feet of gas in the system, the Federal Minister of Petroleum and Natural Resources Dr Asim Hussain said on Thursday. more... (ET)

Promoting corporate culture: Regulator proposes big cut in corporate tax

The equity market regulator has proposed to the government to lower income tax on big firms by 10 per cent and increase the levy for partnership-based companies by the same level in an attempt to encourage corporatisation in the country. more... (ET)

South Korea to invest in hydropower project on Kunhar

South Korea on Thursday announced it would invest in hydropower by setting up a 147 Megawatts (MW) run of the river Patrnid Hydropower Project as an Independent Power Producer (IPP), on river Kunhar. more... (DT)

Political

PML-N mulls no-confidence motion against PM

The Pakistan Muslim League-Nawaz has decided to up the ante for the beleaguered government by moving a no-confidence motion against the prime minister. more... (ET)

Memogate: Mansoor Ijaz yet to apply for Pakistan visa

Mansoor Ijaz, one of the central characters in the Memogate case, in an email has refuted reports that he might not make it to Pakistan by the January 16 date for appearing before a judicial commission, given he had yet to apply for a visa. more... (ET)

Senate elections scheduled for March 2

The Election Commission of Pakistan (ECP) announced on Thursday that Senate elections will be held on March 2, 2012. Candidates will be contesting for half (54) of the Senate seats. more... (ET)

Memo case: SC issues detailed reasons

The Securities and Exchange Commission of Pakistan(SECP) has proposed two-year exemption on capital gains tax besides reduction in corporate tax rate at 35 per cent at present. more... (TFD)

GCC

EU firms renew Iran oil deals to win reprieve on sanctions

Italian, Spanish and Greek companies have extended most of their oil supply deals with Iran for 2012, meaning the lion’s share of Iran’s supplies to the European Union would likely be exempted from sanctions for at least the first half of the year. more... (Gulf Times)

Iraq under ‘currency attack’ as dollars flow to Syria and Iran

Iraq’s central bank said it is under a “currency attack” as traders buy US dollars in daily auctions and resell them on the black market in Syria and Iran, which face hard currency shortages due to sanctions. more... (Gulf Times)

First Gulf Bank sukuk 2.8 times oversubscribed

Abu Dhabi-based lender First Gulf Bank (FGB) yesterday said its $500 million (Dh1.83 billion) sukuk has been oversubscribed 2.8 times to fetch $1.4 billion (Dh5.14 billion) on closing. more...(Gulf News)

EU closer to deal on timing of Iran oil embargo: diplomats

European governments are moving closer to an agreement on an Iranian oil embargo that would give companies six months to phase out contracts with Iran, EU diplomats said Thursday. more... (Zawya)

Quote of the Day:

"Checking the results of a decision against its expectations shows executives what their strengths are, where they need to improve, and where they lack knowledge or information." Peter Drucker

 
Economic Highlights
Economic Indicators
GDP Growth FY12E
4.20%
GDP -2011
$180 bn
Per Capita Income FY11
$1,254
Population
178.09mn
US$ Reserves (Jan 06, 2012)
$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
12-Jan-12
11-Jan-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
76.348
-0.72%
14.89%
14.67%
21.80
     
12-Jan-12
11-Jan-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,011.86
1,014.84
-2.98

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.57
11.63
11.69
11.78
Offer
12.07
11.88
11.94
12.28

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.90
11.75
11.80
11.75
11.80
11.90
Low  
11.90
11.65
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
1.19
141.20
25.20
1.53
0.80

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.71
11.75
11.82
Last Cut Off.
11.78
11.83
11.89
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.50
12.46
12.48
12.70
10 Y-PIB
12.50
12.48
12.50
12.70

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.95
1.84
1.92
2.02
3.79
8.25
12.48
Change bps
-2.00
3.00
1.00
1.00
4.00
1.90
-2.00

Commodities

     
12-Jan-12
13-Jan-12
change
WTI (USD/bbl)    
101.22
99.53
-1.67%
     
Brent (USD/bbl)    
112.94
111.70
-1.10%
     
Arab Light (USD/bbl)    
114.70
112.97
-1.51%

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
47,398.65
47,570.07
-0.36%
Rice IRRI -6(Rs/100kg)
3,029.00
3,015.00
0.46%
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
1,638.00
1,643.80
-0.35%
Sugar 11 (USD/lb)
23.27
23.69
-1.77%
Steel (USD/ton)
668.74
669.06
-0.05%
Wheat (CBT) (USD/bu)
605.00
641.00
-5.62%
PTA (USD/ton)
1,155.00
1,100.00
5.00%
Copper (USD/ton)
7,995.50
7,767.00
2.94%

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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.