BasedLine

Date: 16-January-2012
KSE-100 Index
Previous Index 10,909.12
Current Index 11,014.46
Change % 0.97%
YTD (CY11) -2.94%
YTD (FY12) -11.86%
KSE-100 Index
Previous Index 19,840.55
Current Index 20,084.81
Change % 1.23%
YTD (CY11) -0.26%
YTD (FY12) -4.07%
International Indicators
 
Close
%age
BSE-30 16,154.60 0.73
HANGSENG 19,204.40 0.57
NIKKEI 225 8,500.02 1.36
FTSE 5,636.64 -0.46
DJIA 12,422.10 -0.39
SSEC 2,244.58 -1.33
NASDAQ 2,710.67 -0.51
 
Close
%age
TASI 6,492.40 -0.04
KSE(Kuwait) 5,765.40 0.32
BSE 1,134.59 0.16
MSM 5,643.79 -0.83
ADX 2,344.18 -0.69
DFM 1,314.47 -0.98
QSE 8,638.18 -0.70
Capital Market Overview

Weekly review: Political tensions keep bourse under pressure

Political news dominated proceedings at the country’s bourses as the future of the government came under question during the week. Investors remained cautious as the benchmark KSE-100 index closed the week down by 1% or 111 points at 11014.46 point level. more... (ET)

NAVs and Returns
as of January 13, 2012
Funds Offer Redemption
POGSF
10.2729/-
10.2729/-
YTD Return
11.71%
POAIIF
53.2590/-
52.7264/-
YTD Return
13.11%
POAAAF
45.98/-
44.83/-
YTD Return
-11.26%
POIAAF
53.38/-
52.05/-
YTD Return
-0.38%
POAF
10.90/-
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
29.30
2,647
28.07
1.68
-2.94%
KSE30
5.84
527
19.24
1.59
-0.03%
KMI30
4.28
387
12.91
1.15
-0.26%
KSE All
31.74
2,867
32.06
2.01
-2.69%
January 13 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
148.06
117.40
-26.33%
OGDC
16.00
136.35
144.50
-12.51%
UBL
2.00
52.77
45.16
-14.96%
LUCK
1.70
78.62
38.38
8.87%
January 13 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
5.31
-5.10
0.21
Foreign Corporates
4,496.73
-3,916.24
580.49
Overseas Pakistani
232.74
-83.76
148.97
Grand Total
4,734.78
-4,005.10
729.68
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
12-Jan-12
13-Jan-12
Change
Gross Buy
15.04
-74.07%
15.04
-74.07%
0.66
4.73
617.39%
Gross Sell
-21.69
-11.01%
-21.69
-11.01%
-0.43
-4.01
831.42%
Net Buy/(Sell)
-6.50
-118.92%
-6.50
-118.92%
0.23
0.73
217.25%
S.C.R.A
Country
During the Period FY12TD
13-01-2012
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
0.00
-
-
Luxembourg
14.62
-
-
33.00
-
-
-35.03
0.22
0.25
-0.04
Switzerland
18.90
0.35
-
28.09
1.06
-
-9.90
-
0.02
-0.02
UAE
4.60
0.52
-
3.44
4.46
-
-3.30
-
-
-
UK
23.53
0.16
-
95.83
0.29
3.47
-75.92
0.00
0.35
-0.35
USA
106.73
-
-
183.21
-
19.06
-95.54
0.15
0.10
-0.05
Total
207.84
1.03
-
399.13
5.81
29.22
-225.82
0.68
0.78
-0.11
News Clippings
Economy

Move to set up deposit protection fund

A draft deposit protection fund bill, prepared by the State Bank of Pakistan, provides compensation for loss to depositors in case an insured commercial bank fails to meet its obligations. more... (D)

Rs.50bn require for next budget: ERRA

Earthquake Reconstruction and Rehabilitation Authority (ERRA) require Rs. 50 billion for the fiscal year (2012-13). Talking to APP Director Planning ERRA, Brig. Pervez H Niazi said, "We are confronting a loss of 30 to 40 percent per year due to inflation and destruction, if funding is not provided in time the construction cost would increase. more... (BR)

Larkana maintains highest inflation rate


Larkana, the city of the ruling party, continued to observe highest inflation and, for the second consecutive month, it appeared to be the most expensive city of the country. more... (BR)

Exports likely to fall $3b from last year’s level


The export target is under threat this year as shipments are likely to be $3 billion less than last year’s level of $25 billion because of energy shortages and resultant industry and labour inefficiency, default on loan repayments and India’s edge in the global market following around 16 per cent depreciation of its currency. more... (ET)

Company & Sector Update

Cotton slips by Rs 300 per maund

Cotton price of different qualities remained stable in the range of Rs 4,300 to Rs 5,600 per maund in Sindh during the week. more... (BR)

Copper and gold: Tethyan informs government about international arbitration

Tethyan Copper Company (TCC) has sent a letter to the government, informing it that the company has filed a request for arbitration in a dispute over the Reko Diq project at the International Centre for Settlement of Investment Disputes in Washington DC. more... (ET)

TAPI gas pipeline no alternative to Iranian gas: PEW

Pakistan Economy Watch (PEW) on Sunday said government has been wasting time on a costly and highly uncertain Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project while ignoring the only viable option of importing gas from Iran. more... (DT)

Levy on diesel to be cut by 50pc: Plan to discourage use of CNG in private transport

Caught in a gas shortage crisis, the government has decided in principle to reduce petroleum levy on diesel by 50 per cent and gradually increase rates for compressed natural gas (CNG) to discourage natural gas consumption in the transport sector.more... (D)

Political

MQM to support pro-democracy resolution in NA

The parliamentary leader of the Muttahida Qaumi Movement (MQM) in National Assembly (NA) Dr Farooq Sattar has said that his party would support the Awami National Party (ANP) chief’s resolution in parliament. more... (DT)

Shujaat calls on Zardari.

PML-Q President Chaudhry Shujaat Hussain called on President Asif Ali Zardari at the Presidency on Sunday. Chaudhry Pervaiz Elahi was also present during the meeting. Current political situation and coalition matters were discussed during the meeting. Later on, the president also hosted a dinner for them. more... (DT)

Shahzain announces bounty for Musharraf

Shahzain Bugti, a grandson of slain Bugti chieftain Nawab Akbar Bugti, on Sunday announced head money for former military ruler Pervez Musharraf. more... (ET)

Ijaz promises to give new evidence

A Pakistani-American businessman, who started the Memogate scandal, has promised Pakistan’s embattled former ambassador to the United States, Husain Haqqani, that he will come to Pakistan to appear before a judicial commission probe and “expose all his lies. more... (D)

GCC

Saudis set to open up access to bourse

Saudi Arabia, the Middle East's biggest economy and the world's largest oil exporter, is expected to allow foreigners to invest directly on its $340bn stock market for the first time later this year. more... (Zawya)

1.2 % rise in TSE index

Tehran's Stock Exchange (TSE) transactions on the first workday of the week showed a 1.2 percent rise in the index.more... (Zawya)

Gulf construction industry stable at $1.8tr despite challenges

The Gulf's construction pipeline remained stable at $1.8 trillion (Dh6.6 trillion) in 2011, despite economic challenges that have affected the real estate and construction sectors in recent past.more...(Gulf News)

UAE accounts for 47% of BMWs sold in region

A strong fourth-quarter run was enough to ensure the BMW Group recorded its best year in the region and, just as important, retained the tag of being the leader in the premium car category. Of the 18,657 BMWs and Minis sold in these markets during 2011, buyers in the UAE accounted for 47 per cent.more... (Gulf News)

Quote of the Day:

"The secret of success in life is for a man to be ready for his opportunity when it comes."Earl of Beaconsfield

 
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
13-Jan-12
12-Jan-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
76.334
-0.02%
14.90%
14.89%
1.00
     
13-Jan-12
12-Jan-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
973.68
1,011.86
-38.18

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.55
11.63
11.68
11.77
Offer
12.05
11.88
11.93
12.27

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  
11.25
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
91.70
115.83
1.20
139.09
24.90
1.51
0.79

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.70
11.73
11.83
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
0.94
1.77
1.86
1.97
3.70
8.19
12.48
Change bps
-1.00
-7.00
-6.00
-5.00
-9.00
-5.90
0.00

Commodities

     
13-Jan-12
16-Jan-12
change
WTI (USD/bbl)    
99.53
98.90
-0.63%
     
Brent (USD/bbl)    
111.70
110.73
-0.87%
     
Arab Light (USD/bbl)    
112.97
113.49
0.46%

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
47,325.79
47,398.65
-0.15%
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
1,636.00
1,638.00
-0.12%
Sugar 11 (USD/lb)
23.84
23.27
2.45%
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.