BasedLine

Date: 20-January-2012
KSE-100 Index
Previous Index 11,547.71
Current Index 11,515.59
Change % -0.28%
YTD (CY11) 1.48%
YTD (FY12) -7.85%
KSE-100 Index
Previous Index 20,907.31
Current Index 20,867.15
Change % -0.19%
YTD (CY11) 3.62%
YTD (FY12) -0.33%
International Indicators
 
Close
%age
BSE-30 16,643.70 1.17
HANGSENG 19,942.90 1.30
NIKKEI 225 8,639.68 1.04
FTSE 5,741.15 0.68
DJIA 12,624.00 0.36
SSEC 2,244.58 -1.34
NASDAQ 2,788.33 0.67
 
Close
%age
TASI 6,377.99 0.12
KSE(Kuwait) 5,798.50 -0.03
BSE 1,141.69 0.37
MSM 5,582.06 -0.24
ADX 2,336.98 0.18
DFM 1,327.75 -0.26
QSE 8,461.77 -1.09
Capital Market Overview

Market Watch: Bourse falls as investors opt to book profits

After rising more than 500 points in the last few sessions, investors opted to book profits and cash in while stocks are at healthy levels. The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.28 per cent or 32.13 points to end at the 11,515.59 point level. more... (ET)

NAVs and Returns
as of January 19, 2012
Funds Offer Redemption
POGSF
10.2954/-
10.2954/-
YTD Return
11.79%
POAIIF
53.3373/-
52.8039/-
YTD Return
12.99%
POAAAF
46.65/-
45.48/-
YTD Return
-9.98%
POIAAF
54.25/-
52.89/-
YTD Return
1.22%
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
32.17
2,767
70.85
3.46
1.48%
KSE30
6.39
549
42.52
3.16
4.14%
KMI30
4.68
402
30.04
2.39
3.62%
KSE All
34.79
2,992
92.47
3.54
1.56%
January 19 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
152.39
117.03
-23.54%
OGDC
16.00
148.09
144.03
-3.20%
UBL
2.00
54.12
45.01
-12.58%
LUCK
1.70
81.10
38.26
14.48%
January 19 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
29.66
-23.69
5.97
Foreign Corporates
2,317.15
-872.21
1,444.93
Overseas Pakistani
304.28
-217.74
86.53
Grand Total
2,651.08
-1,113.65
1,537.44
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
18-Jan-12
19-Jan-12
Change
Gross Buy
24.70
-73.58%
24.70
-96.48%
1.60
2.65
65.69%
Gross Sell
-33.86
-18.29%
-33.86
-95.95%
-6.69
-1.11
-83.35%
Net Buy/(Sell)
-8.96
-116.83%
-8.96
-93.42%
-5.09
1.54
-130.21%
S.C.R.A
Country
During the Period FY12TD
18-01-2012
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
-
-
11.75
-
-
-7.04
-
-
-
Luxembourg
15.68
-
-
33.00
-
-
-36.25
0.23
0.00
0.23
Switzerland
18.90
0.35
-
28.10
1.27
-
-10.12
-
-
-
UAE
4.60
0.52
-
3.44
4.46
-
-3.30
-
-
-
UK
27.11
0.16
-
97.80
0.29
3.47
-74.31
1.16
0.67
0.50
USA
109.50
-
-
185.34
-
19.06
-94.89
0.32
0.88
-0.56
Total
215.38
3.72
-
406.09
6.02
29.22
-222.76
1.77
1.64
0.13
News Clippings
Economy

‘Exports to Europe will soon go up 20%’

The European Union is expected to grant the much-awaited GSP plus status for Pakistani textile exports in February which will boost export volume to Europe by 20%, said Trade Development Authority of Pakistan Chief Executive Tariq Iqbal Puri. more... (ET)

To the rescue: Another debt rollover to ease pressure on reserves


China is likely to roll over $500 million of Pakistan’s debt, a move aimed at stabilising foreign currency reserves and protecting the rupee from further decline against the dollar as the country prepares to return first tranche of International Monetary Fund’s (IMF) loan. more... (ET)

Forex reserves flat at $16.90bn


Foreign exchange reserves were flat at $16.90 billion in the week ending January 13, unchanged from the previous week, the central bank said on Thursday. more... (DT)

Czech delegation to visit Pakistan in May

A high level business delegation from the Czech Republic will visit Pakistan in May to hold meetings with their Pakistani counterparts to discuss possible joint ventures in areas of mutual interest. more... (ET)

Company & Sector Update

Mari Gas may get more money for exploration

The petroleum ministry has decided to propose raising the amount of money given to state-owned Mari Gas Company for exploration, a move that sparked objections from the Sindh government since it will hit their revenues from the gas development surcharge (GDS). more... (ET)

Fiscal tightening: SBP opposes debt swap with commercial banks

State Bank of Pakistan on Thursday opposed the debt swap deal with commercial banks, warning the federal government to stop ruining the private sector as the country's budget deficit widened to 4.5 per cent or Rs932 billion in the first half of the financial year. more... (ET)

Rs 150bn TFC to address energy sector's circular debt

The government of Pakistan is planning to issue a Term Finance Certificate (TFC) worth Rs 150 billion, mostly against existing loans of the energy sector, it was learnt on Thursday. more... (DT)

Mutual funds up 15% in 1HFY12

The local mutual funds industry showed a growth of 15 percent during first half of the fiscal year 2011-12 as compared with the same period in the corresponding period in terms of size, which has been over and above the 12 percent growth. more... (DT)

Political

Mansoor Ijaz granted Pakistan visa after personal visit to High Commission

Mansoor Ijaz, the central figure in the Memogate case has been granted a one year multiple-entry visa to Pakistan, Express News reported on Thursday. more... (ET)

Effective economic policies showing good results: PM

Prime Minister Syed Yusuf Raza Gilani Thursday said that due to prudent economic policies of the present government, number of targets in economic sector have been achieved during the first six months of the current fiscal. more... (BR)

Musharraf under pressure to delay return to Pakistan

Former President Pervez Musharraf came under mounting pressure Thursday to delay his return from exile, after Islamabad warned that he would be arrested if he lands in the crisis-ridden country. more... (BR)

President enjoys immunity in Pakistan and world: PM

Prime Minister Syed Yusuf Raza Gilani on Thursday said the President enjoys complete immunity, not only in Pakistan but also in the world as enunciated by the Constitution. more... (BR)

GCC

Petrol panic eases in Egypt

Fuel distribution improved in Egypt on Thursday after panicked motorists flooded gas stations for days, prompting the death of one person and scuffles that left several people hurt. more... (Zawya)

China's Wen defends oil trade with Iran

Premier Wen Jiabao has defended China's vast oil trade with Iran as legitimate while stressing the Beijing government's opposition to Tehran acquiring nuclear weapons. more... (Zawya)

Dubai inflation slows to 0.52%

The inflation rate in Dubai slowed slightly to 0.52 per cent, the Dubai Statistics Centre said yesterday. more...(Gulf News)

Oman pledges more funds to IMF to help fight Eurozone debt crisis

Oman will raise its contribution to the International Monetary Fund's war chest to fight the Eurozone debt crisis, its central bank head said on Wednesday, the first sign that Arab states will contribute to the effort. more... (Gulf News)

Quote of the Day:

"Without the strength to endure the crisis, one will not see the opportunity within. It is within the process of endurance that opportunity reveals itself." Chin-Ning Chu

 
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 13, 2012)
$16.90 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
19-Jan-12
18-Jan-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
76.523
1.66%
14.85%
15.33%
-48.50
     
19-Jan-12
18-Jan-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
902.82
936.21
-33.39

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.54
11.63
11.68
11.77
Offer
12.04
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
11.70
11.80
11.75
11.80
11.90
Low  
11.75
11.55
11.70
11.60
11.70
11.75

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
90.80
117.80
1.19
141.00
25.05
1.48
0.79

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.65
11.70
11.78
Last Cut Off.
11.78
11.83
11.89
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.42
12.36
12.43
12.70
10 Y-PIB
12.39
12.36
12.46
12.70

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.99
1.86
1.97
2.05
3.81
8.17
12.36
Change bps
1.00
8.00
8.00
9.00
7.00
-2.10
-10.00

Commodities

     
19-Jan-12
20-Jan-12
change
WTI (USD/bbl)    
101.50
100.50
-0.99%
     
Brent (USD/bbl)    
111.49
111.74
0.22%
     
Arab Light (USD/bbl)    
114.72
115.01
0.25%

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
47,420.07
47,606.07
-0.39%
Rice IRRI -6(Rs/100kg)
3,042.00
3,028.00
0.46%
KCA Cotton (Rs/mound)
5,500.00
5,550.00
-0.90%
International
Current
Previous
Change
Coal Spot(USD/ton)
114.15
112.95
1.06%
Gold Futures
1,658.36
1,663.60
-0.42%
Sugar 11 (USD/lb)
24.16
24.00
0.67%
Steel (USD/ton)
669.04
669.06
-0.05%
Wheat (CBT) (USD/bu)
605.75
592.25
2.28%
PTA (USD/ton)
1,155.00
1,100.00
5.00%
Copper (USD/ton)
8,355.00
8,266.75
1.56%

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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.