BasedLine

Date: 17-January-2012
KSE-100 Index
Previous Index 11,014.46
Current Index 11,112.65
Change % 0.89%
YTD (CY11) -2.07%
YTD (FY12) -11.07%
KSE-100 Index
Previous Index 20,084.81
Current Index 20,240.36
Change % 0.77%
YTD (CY11) 0.51%
YTD (FY12) -3.32%
International Indicators
 
Close
%age
BSE-30 16,189.40 0.22
HANGSENG 19,012.20 -1.00
NIKKEI 225 8,378.36 -1.43
FTSE 5,657.44 0.37
DJIA 12,422.10 -0.39
SSEC 2,244.58 -1.33
NASDAQ 2,710.67 -0.51
 
Close
%age
TASI 6,420.89 -1.10
KSE(Kuwait) 5,762.80 -0.05
BSE 1,142.20 0.67
MSM 5,633.99 -0.17
ADX 2,324.73 -0.83
DFM 1,301.24 -1.01
QSE 8,640.36 0.03
Capital Market Overview

Market Watch: Stock market rises in volatile session

The stock market managed to close in the black on the first trading session of the week with the help of late foreign buying.The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.89 per cent or 98.19 points to end at the 11,112.65 point level on Monday.more... (ET)

NAVs and Returns
as of January 16, 2012
Funds Offer Redemption
POGSF
10.2806/-
10.2806/-
YTD Return
11.67%
POAIIF
53.2980/-
52.7650/-
YTD Return
13.05%
POAAAF
46.13/-
44.98/-
YTD Return
-10.97%
POIAAF
53.55/-
52.21/-
YTD Return
-0.08%
POAF
10.92/-
YTD Return
11.54%
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
31.05
2,670
24.34
1.32
-2.07%
KSE30
6.19
532
16.91
1.21
0.92%
KMI30
4.54
390
12.66
0.94
0.51%
KSE All
33.61
2,891
26.68
1.33
-1.88%
January 16 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
149.03
117.40
-25.22%
OGDC
16.00
140.18
144.50
-8.37%
UBL
2.00
52.98
45.16
-14.42%
LUCK
1.70
78.67
38.38
11.05%
January 16 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
7.92
-4.30
3.62
Foreign Corporates
1,859.82
-1,059.77
800.05
Overseas Pakistani
173.25
-32.17
141.08
Grand Total
2,040.99
-1,096.24
944.75
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
13-Jan-12
16-Jan-12
Change
Gross Buy
17.03
-76.08%
17.03
-76.08%
4.73
2.04
-56.85%
Gross Sell
-22.76
-26.72%
-22.76
-26.72%
-4.01
-1.10
-72.66%
Net Buy/(Sell)
-5.60
-113.64%
-5.60
-113.64%
0.73
0.94
29.42%
S.C.R.A
Country
During the Period FY12TD
16-01-2012
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
-
-
-7.04
-
0.04
-0.04
Luxembourg
14.91
-
-
33.00
-
-
-34.91
0.29
0.17
0.12
Switzerland
18.90
0.35
-
28.09
1.06
-
-9.90
-
-
-
UAE
4.60
0.52
-
3.44
4.46
-
-3.30
-
-
-
UK
23.90
0.16
-
96.12
0.29
3.47
-75.85
0.37
0.30
0.08
USA
107.11
-
-
183.40
-
19.06
-95.34
0.39
0.19
0.20
Total
208.91
1.03
-
399.83
5.81
29.22
-225.45
1.07
0.70
0.37
News Clippings
Economy

Inauguration of Pak-Afghan JEC 8th Session: JEC for import of 1,000 MW from CARs

Finance ministers from Pakistan and Afghanistan decided to lay down a ‘time bound road map’ of the steps for enhancing cooperation between the two neighbouring countries, especially import of 1,000 megawatts power and gas from Central Asian Republics (CARs) and road link between Pakistan and Tajikistan via Afghanistan. more... (D)

Dollar rises vs rupee

The dollar rose against the rupee in the interbank market, dealers said Monday. It started the day’s trading at Rs 90.27 for buying, increased three paisas and closed at Rs 90.30 for buying and Rs 90.35 for selling. The euro lost strength against the local currency as it began the day’s trading at Rs 115.82 for buying, decreased Rs 1.36 and closed at Rs 114.46 for buying and Rs 114.66 for selling. more... (DT)

Pakistani stocks end up; rupee firms; o/n rates down


Pakistan’s Supreme Court on Monday ordered Prime Minister Yusuf Raza Gilani to appear before the court for failing to pursue corruption cases against the president and other officials, a sharp escalation in the government’s battle for survival. more... (D)

Market access: Czech delegation promises support


Czech Republic can facilitate Pakistan’s entry into Central Asian and Eastern European markets, according to the president of the Czech Middle Asian Chamber of Commerce (CSOK), Jiri Nastaval. more... (ET)

Company & Sector Update

Underground coal gasification off to promising start in Thar

The red and blue interconnected pipeline network, with a state of the art infrastructure right in the heart of desert is not what one expects to see in the Thar desert. At first sight, it gives the impression that some multinational corporation is drilling oil in the sands of Thar. more... (ET)

Halal foods: Pakistan looking for share in trillion dollar market

Ahmed Ali Aulakh, Minister for Livestock and Agriculture has said that Pakistan has tremendous potential to export halal meat and by-products. He said that being an agricultural country, we have vast range of animals, and he invited Muslim countries to promote bilateral trade with Pakistan in this sector. more... (ET)

Pak-Iran Gas Pipeline Project to be completed by 2014: Khar

Foreign Minister Hina Rabbani Khar on Monday reiterated the government’s commitment to go ahead on the Pakistan-Iran Gas Pipeline Project and said that the project is likely to be completed by the year 2014. more... (D)

Ongoing Rabi crop season: Figures reveal govt missed wheat sowing target by 3%

The market figures revealed that the government has missed the wheat sowing target by 2 to 2.5 percent in the ongoing Rabi crop season for the year 2012, it was learnt on Monday.more... (DT)

Political

Sindh Assembly: Over half million spent daily on MPAs, who don’t do any work

The Sindh Assembly’s 168 MPAs are each paid a daily allowance of Rs3,000 for merely showing up. But little has been achieved by them in the 30 hours since December 16. more... (ET)

ZAB reference case: Babar Awan’s license cancelled temporarily

The Supreme Court of Pakistan cancelled the license of federation’s counsel Babar Awan temporarily in the Zulfikar Ali Bhutto (ZAB) presidential reference case on Tuesday, reported Express News. more... (ET)

I will go to the court on 19th, says PM

The National Assembly gave the PPP led coalition government a major morale boost on Monday in the face of perceived challenges with a resolution passed with a big majority reposing trust in the political leadership and urging all state institutions to strictly remain within their constitutional limits. more... (D)

Haqqani’s phones not found

The government’s counsel informed the memo investigation commission on Monday that BlackBerry sets of former ambassador Husain Haqqani were missing from his residence and office in the US. more... (D)

GCC

SABB profit SAR 2,888 million up 53.4% in 2011

Operating income of SAR4,899 million for the year ended 31 December 2011 - an increase of SAR60 million or 1.2 per cent, compared with SAR4,839 million for the same period in 2010. more... (Zawya)

SAGIA sets 3-month deadline for companies 'in red'

Such companies do not fulfill the Saudization targets as required by the Nitaqat program implemented by the Ministry of Labor last year. The ministry had announced a grace period for such companies to improve their status.more... (Zawya)

UAE seeks leading role as green energy provider

UN Secretary General Ban Ki-moon yesterday launched the International Year of Sustainable Energy for All at the fifth annual World Future Energy Summit (WFES), inaugurated by General Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces yesterday.more...(Gulf News)

Gold retailers put premium on stronger jewellery sales

Gold sales may not have had a sparkling start during DSF 2012, but retailers are seeing enough of a sliver of demand, suggesting better times ahead. Helping them in their sales — and getting consumers to make up their minds — is the recent softness in gold prices.more... (Gulf News)

Quote of the Day:

"Effective leadership is not about making speeches or being liked; leadership is defined by results not attributes."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
16-Jan-12
13-Jan-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
76.334
-0.02%
14.90%
14.89%
1.00
     
16-Jan-12
13-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
11.48
11.62
11.67
11.76
Offer
11.98
11.87
11.92
12.26

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
91.00
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

     
16-Jan-12
17-Jan-12
change
WTI (USD/bbl)    
98.90
100.06
1.17%
     
Brent (USD/bbl)    
110.73
111.89
1.05%
     
Arab Light (USD/bbl)    
113.49
114.76
1.12%

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
48,105.77
47,398.65
1.49%
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
1,657.50
1,636.00
1.31%
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.