BasedLine

Date: 18-January-2012
KSE-100 Index
Previous Index 11,112.65
Current Index 11,305.16
Change % 1.73%
YTD (CY11) -0.37%
YTD (FY12) -9.53%
KSE-100 Index
Previous Index 20,240.36
Current Index 20,514.00
Change % 1.35%
YTD (CY11) 1.87%
YTD (FY12) -2.02%
International Indicators
 
Close
%age
BSE-30 16,466.10 1.71
HANGSENG 19,627.80 3.24
NIKKEI 225 8,466.40 1.05
FTSE 5,693.95 0.65
DJIA 12,482.10 0.48
SSEC 2,206.19 -1.71
NASDAQ 2,728.08 0.64
 
Close
%age
TASI 6,370.16 -0.79
KSE(Kuwait) 5,789.40 0.46
BSE 1,138.40 -0.33
MSM 5,602.38 -0.56
ADX 2,293.38 -1.35
DFM 1,310.40 0.70
QSE 8,600.28 -0.46
Capital Market Overview

Market watch: Bourse jumps on earnings anticipation

Investors brushed aside political tensions on Tuesday and accumulated stocks with the corporate result season around the corner.The Karachi Stock Exchange’s (KSE) benchmark 100-share index jumped 1.73 per cent or 192.51 points to end at the 11,305.16 point level.more... (ET)

NAVs and Returns
as of January 17, 2012
Funds Offer Redemption
POGSF
10.2844/-
10.2844/-
YTD Return
11.69%
POAIIF
53.3113/-
52.7782/-
YTD Return
13.03%
POAAAF
46.49/-
45.33/-
YTD Return
-10.27%
POIAAF
53.84/-
52.49/-
YTD Return
0.46%
POAF
10.93/-
YTD Return
11.53%
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
31.59
2,716
47.98
2.73
-0.37%
KSE30
6.29
541
31.85
2.57
2.46%
KMI30
4.60
396
20.97
1.66
1.87%
KSE All
34.16
2,938
53.11
2.76
-0.27%
January 17 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
149.65
117.40
-24.91%
OGDC
16.00
144.43
144.50
-5.60%
UBL
2.00
53.92
45.16
-12.91%
LUCK
1.70
78.46
38.38
10.76%
January 17 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
2.73
-8.72
-5.99
Foreign Corporates
3,483.83
-3,399.16
84.67
Overseas Pakistani
107.23
-145.45
-38.22
Grand Total
3,593.79
-3,553.33
40.46
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
16-Jan-12
17-Jan-12
Change
Gross Buy
20.54
-74.31%
20.54
-74.31%
2.04
3.59
76.08%
Gross Sell
-26.23
-26.46%
-26.23
-26.46%
-1.10
-3.55
224.14%
Net Buy/(Sell)
-5.56
-112.27%
-5.56
-112.27%
0.94
0.04
-95.72%
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

Rs11bn released for KP projects

The federal government has released Rs11 billion for development projects in Khyber Pakhtunkhwa during the first six months of the current fiscal year from an allocation of Rs24 billion made under the public sector development programme (PSDP) for 2011-12. more... (D)

FDI falls by 63.6 percent in 1HFY12

The Foreign Direct Investment (FDI) continued to show negative growth of 63.6 percent in the first half of the current financial year, with steep outflow of Foreign Portfolio Investment (FPI), State Bank of Pakistan (SBP) statistics said.more... (DT)

TDAP anticipates 6% dip in exports in 2011-12


Country is unlikely to meet the export target as the Trade Development Authority of Pakistan has assessed a 6 percent dip in exports and estimated that exports to remain between $23 billion to $24 billion during current fiscal year compared with last fiscal year’s exports of $25 billion. more... (DT)

Exports to show negative growth this year’


In an apparent setback to the Finance Ministry that insists upon achieving modest growth in exports despite all odds, the Trade Development Authority echoed the SBP’s assessment and said Pakistan’s exports will depict negative growth by the end of the current fiscal year. more... (ET)

Company & Sector Update

New textile projects come to a standstill

Fresh investments and projects in the textile sector have come to a standstill as energy crisis and economic slowdown hurt businesses as well as domestic and export markets. more... (ET)

CASA-1000: Project working groups to meet on Jan 30

Working Groups of Pakistan, Afghanistan, Tajikistan and the Kyrgyz Republic are scheduled to meet at Almaty, Kazakhstan from January 30 to February 2 2012 to streamline the CASA-1000 Megawatt project which envisages the import electricity from central Asian countries via Afghanistan.more... (ET)

Pepco fails to recover Rs60bn arrears

The Pakistan Electric Power Company (Pepco) has failed to recover a staggering Rs60 billion arrears from the private sector and government departments during the first five months of the current fiscal year, raising further the power sector’s receivables and circular debt. more... (D)

Kabul assures Pakistan of providing 3.2 BCF from Turkmenistan

Kabul assured Pakistan of all necessary support for $7.6 billion Trans-Afghan pipeline (TAPI) project inked on Tuesday to provide 3.2 billion cubic feet (BCF) from Turkmenistan.more... (DT)

Political

PPP turns to Aitzaz for PM’s defence

Tuesday was yet another eventful day in the capital. By the evening, Prime Minister Yousuf Raza Gilani had chosen none other than Aitzaz Ahsan as his counsel to represent him in the Supreme Court to contest the contempt notice. more... (D)

Mansoor Ijaz granted visa for Pakistan

Pakistani-American businessman, Mansoor Ijaz has, according to some media reports, been issued a visa from the Pakistan embassy in Bern, Switzerland, and will be able to travel to Pakistan on January 24 to appear before a judicial commission.more... (ET)

CM, governor discuss law and order, uplift works

Sindh Chief Minister (CM) Syed Qaim Ali Shah called on Governor Dr Ishratul Ibad Khan.A statement issued from the Governor House here on Tuesday said that the prevailing situation, law and order and development works came up for discussion during the meeting. more... (DT)

Domino effect: Musharraf loses his media man to PTI?

Former president Pervez Musharraf’s All Pakistan Muslim League (APML) suffered a blow on Tuesday when Central Media Coordinator and General Secretary Punjab Chaudhry Fawad Hussain parted ways with the party. more... (ET)

GCC

Tehran Stock Exchange leads MENA financial markets in 2011: The Economist

While the stock markets of the Middle East and North Africa (MENA) region experienced a very poor year in 2011, Tehran Stock Exchange (TSE) has witnessed an unprecedented growth of 30 percent in 2011, leading the financial markets of the region, a report of the Economist Group said. more... (Zawya)

EU set to implement Iran oil embargo by July: diplomats

BRUSSELS, Jan 17, 2012 (AFP) - European governments are set to implement an Iranian oil embargo by the start of July, giving companies time to phase out existing contracts, EU diplomats said Thursday.more... (Zawya)

UAE, China in strategic tie-up

The UAE and China yesterday signed a series of agreements that will see UAE and Chinese companies develop advanced and sustainable energy technologies and solutions.more...(Gulf News)

Almarai profit up 0.6% despite rise in sales

Almarai Co., Saudi Arabia's largest food producer by market value, posted a 0.6 per cent increase in fourth-quarter profit, excluding the effect of a decline in the value of its investment in Saudi Zain.more... (Gulf News)

Quote of the Day:

"Vision is the key to a better future."Sheye Hassan

 
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
17-Jan-12
16-Jan-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
76.578
0.32%
14.81%
14.90%
-9.10
     
17-Jan-12
16-Jan-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
960.65
976.90
-16.25

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
11.70
11.80
11.75
11.80
11.90
Low  
10.50
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
114.69
1.19
139.29
24.80
1.49
0.79

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.68
11.75
11.80
Last Cut Off.
11.78
11.83
11.89
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.47
12.43
12.46
12.70
10 Y-PIB
12.49
12.47
12.48
12.70

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.97
1.79
1.86
1.96
3.76
8.22
12.47
Change bps
1.00
2.00
-2.00
-1.00
-3.00
-0.30
-1.00

Commodities

     
17-Jan-12
18-Jan-12
change
WTI (USD/bbl)    
100.06
101.30
1.24%
     
Brent (USD/bbl)    
111.89
112.05
0.14%
     
Arab Light (USD/bbl)    
114.76
115.04
0.24%

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
47,282.93
47,398.65
-0.24%
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
1,653.40
1,657.50
-0.25%
Sugar 11 (USD/lb)
23.86
23.84
0.08%
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.