BasedLine

Date: 19-January-2012
KSE-100 Index
Previous Index 11,305.16
Current Index 11,547.71
Change % 2.15%
YTD (CY11) 1.76%
YTD (FY12) -7.59%
KSE-100 Index
Previous Index 20,514.00
Current Index 20,907.31
Change % 1.92%
YTD (CY11) 3.82%
YTD (FY12) -0.14%
International Indicators
 
Close
%age
BSE-30 16,451.50 -0.09
HANGSENG 19,686.90 0.30
NIKKEI 225 8,550.58 0.99
FTSE 5,702.37 0.15
DJIA 12,579.00 0.78
SSEC 2,298.38 4.17
NASDAQ 2,769.71 1.53
 
Close
%age
TASI 6,377.99 0.12
KSE(Kuwait) 5,800.40 0.19
BSE 1,137.52 -0.08
MSM 5,595.60 -0.12
ADX 2,332.72 1.72
DFM 1,331.22 1.59
QSE 8,555.22 -0.52
Capital Market Overview

Market watch: Bourse surges 243 points as investors up their game

Investors swarmed back at the stock market on Wednesday as trading activity surged to levels not seen in the past 16 weeks.The Karachi Stock Exchange’s (KSE) benchmark 100-share index surged 2.15 per cent or 242.55 points to end at the 11,547.71 point level.more... (ET)

NAVs and Returns
as of January 18, 2012
Funds Offer Redemption
POGSF
10.2901/-
10.2901/-
YTD Return
11.74%
POAIIF
53.3242/-
52.7910/-
YTD Return
13.01%
POAAAF
46.77/-
45.60/-
YTD Return
-9.74%
POIAAF
54.24/-
52.88/-
YTD Return
1.21%
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
32.27
2,775
72.70
4.01
1.76%
KSE30
6.41
552
50.10
3.67
4.54%
KMI30
4.69
403
38.33
2.58
3.82%
KSE All
34.87
2,999
83.73
4.06
1.80%
January 18 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
151.34
117.40
-24.06%
OGDC
16.00
151.35
144.50
-1.07%
UBL
2.00
54.76
45.16
-11.55%
LUCK
1.70
81.48
38.38
15.02%
January 18 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
24.22
-6.29
17.92
Foreign Corporates
1,391.30
-6,453.74
5,062.44
Overseas Pakistani
185.29
-231.96
-46.67
Grand Total
1,600.81
-6,691.99
5,091.18
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
17-Jan-12
18-Jan-12
Change
Gross Buy
22.11
-75.51%
22.11
-75.51%
3.59
1.60
-55.41%
Gross Sell
-32.77
-15.86%
-32.77
-15.86%
-3.55
-6.69
88.51%
Net Buy/(Sell)
-10.43
-119.86%
-10.43
-119.86%
0.04
-5.09
-128.96%
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

Agreements for $513m signed with ADB

The Asian Development Bank and the government signed on Wednesday two loan agreements worth $513 million for improving irrigation and power transmission systems. more... (D)

IMF asks Pakistan to improve economic disclosure


The International Monetary Fund has asked Pakistan to bring its Special Data Dissemination Standards at par with international requirements by ensuring quarterly reporting of economic growth statistics, a recommendation.more... (ET)

Govt borrowing from SBP falls to Rs 189 billion


The government borrowing occupied 61 percent of total domestic money supply as borrowing from the State Bank Pakistan (SBP) lately crossed Rs 200 billion mark in December 2011, though settled back down to Rs 189 billion few days back. more... (DT)

Spot rate regains Rs 100 per maund


Trading remained range-bound with increasing spot rate and higher influx of lint, traders at the Karachi Cotton Association (KCA) said on Wednesday.more... (DT)

Company & Sector Update

Pakistani electronics market to grow to $3.3 billion by 2016’

Pakistan’s consumer electronics market is expected to grow by an annualised average of about 13.3% to $3.3 billion by 2016, according to a newly released report by the London-based research firm Business Monitor International . more... (ET)

Energy woes: Gas company warns of drastic steps if Engro wins case

Sui Northern Gas Pipelines Limited (SNGPL) will have to consider curtailing gas supply either to residential consumers or national defence institutions if the Sindh High Court rules in favour of Engro Fertilizers and orders supply of 100 million cubic feet per day to its new plant, says SNGPL General Manager Sales Rehan Nawaz.more... (ET)

CNG sector: PM for allocating dormant gas fields

Prime Minister Yousaf Raza Gilani has directed the Ministry of Petroleum and Natural Resources to dedicate dormant gas fields and flare gas to the compressed natural gas (CNG) industry and import machinery for production of Hydrogen CNG at zero duty to meet demand of vehicles.. more... (ET)

Railway gets Rs6.1bn loan to repair locomotives

A Rs6.1 billion loan arranged by the government from a banking consortium for rehabili-tation of 96 locomotives has been given to the Pakistan Railways Advisory and Consultancy Services (Pracs).more... (D)

Political

PM in SC: Aitzaz asks for month’s time to file response

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)

Tenure nears end: No more extensions for ISI chief

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)

Musharraf will be arrested, Senate assured

Interior Minister Rehman Malik assured Senate on Wednesday that former president Pervez Musharraf would be arrested upon his return to Pakistan. more... (ET)

DSP and SHO suspended for detaining PIA employee

The Deputy superintendent police (DSP) and station house officer (SHO) of the Boat Basin police station were on Wednesday suspended over the alleged overnight detention of a Pakistan International Airlines (PIA)’s deputy shift station manager at the Boat Basin police lockup. more... (ET)

GCC

Lower rents, food prices kept UAE inflation at 0.9% in 2011

The data from the National Bureau of Statistics showed that consumer price growth in the UAE was 0.2 per cent on an annual basis in December after a 0.1 per cent fall of prices in the previous month. more... (Zawya)

Sleiman upbeat about 2012, Berri warns of conspiracy

President Michel Sleiman struck an upbeat note Wednesday about the New Year, saying 2012 would be a good year for Lebanon, while Speaker Nabih Berri warned that the region was facing “a dangerous conspiracy” to create a new Middle East in order to stoke sectarian and ethnic tensions.more... (Zawya)

UAE steps up conservation effort with world water conference

Abu Dhabi has put water at the top of its agenda ahead of the International Water Summit, a new initiative launched yesterday, which will be held alongside the World Future Energy Summit in January 2013.more...(Gulf News)

China seeks rapid completion of free trade pact

Chinese Premier Wen Jiabao called for the quick conclusion of talks on a free trade pact with the GCC during a visit to the UAE yesterday.more... (Gulf News)

Quote of the Day:

"Think positively and the results will be positively positive."Glenn Harms

 
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- Dec 11)
$-1.94bn
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
18-Jan-12
17-Jan-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
75.277
-1.70%
15.33%
14.81%
52.40
     
18-Jan-12
17-Jan-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
936.21
960.65
-24.44

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.52
11.63
11.68
11.76
Offer
12.02
11.88
11.93
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  
11.80
11.65
11.75
11.60
11.70
11.75

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
90.90
116.48
1.19
139.49
24.85
1.49
0.79

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.68
11.75
11.79
Last Cut Off.
11.78
11.83
11.89
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.47
12.43
12.43
12.70
10 Y-PIB
12.49
12.46
12.47
12.70

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.98
1.78
1.89
1.96
3.74
8.19
12.46
Change bps
1.00
-1.00
3.00
0.00
-2.00
-2.90
-1.00

Commodities

     
18-Jan-12
19-Jan-12
change
WTI (USD/bbl)    
101.30
101.50
0.20%
     
Brent (USD/bbl)    
112.05
111.49
-0.50%
     
Arab Light (USD/bbl)    
115.04
114.72
-0.28%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
98.82
94.15
4.96%
Furnace Oil (Rs/ton)
78,841.72
72,919.92
8.12%
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
47,606.07
47,282.93
0.68%
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
1,663.60
1,653.40
0.62%
Sugar 11 (USD/lb)
24.00
23.86
0.59%
Steel (USD/ton)
669.04
669.06
-0.05%
Wheat (CBT) (USD/bu)
592..25
604.75
-2.07%
PTA (USD/ton)
1,155.00
1,100.00
5.00%
Copper (USD/ton)
8,226.75
8,188.00
0.47%

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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.