BasedLine

Date: 23-January-2012
KSE-100 Index
Previous Index 11,515.59
Current Index 11,774.68
Change % 2.25%
YTD (CY11) 3.76%
YTD (FY12) -5.77%
KSE-100 Index
Previous Index 20,867.15
Current Index 21,437.58
Change % 2.73%
YTD (CY11) 6.45%
YTD (FY12) 2.39%
International Indicators
 
Close
%age
BSE-30 16,739.00 0.57
HANGSENG 20,110.40 0.84
NIKKEI 225 8,766.36 1.47
FTSE 5,728.55 -0.22
DJIA 12,720.50 0.76
SSEC 2,244.58 1.00
NASDAQ 2,786.70 -0.06
 
Close
%age
TASI 6,450.58 -0.21
KSE(Kuwait) 5,797.10 -0.02
BSE 1,141.42 -0.02
MSM 5,591.71 0.17
ADX 2,340.52 0.15
DFM 1,334.58 0.51
QSE 8,443.65 -0.21
Capital Market Overview

Weekly review: Bourse posts highest gain in more than two years

Positive news flows overwhelmed all negative sentiments at the stock market during the week as the benchmark KSE-100 index shot up by 6.9% or 760 points, the highest weekly gain since April 2009. more... (ET)

NAVs and Returns
as of January 20, 2012
Funds Offer Redemption
POGSF
10.2999/-
10.2999/-
YTD Return
11.82%
POAIIF
53.3501/-
52.8166/-
YTD Return
12.97%
POAAAF
47.28/-
46.10/-
YTD Return
-8.75%
POIAAF
55.01/-
53.63/-
YTD Return
2.64%
POAF
10.94/-
YTD Return
11.53%
Funds Rating
AMC
AM3
POAIIF
A+ (f)
POAF
AA-
POAAAF
3 Star
POIAAF
5 Star
  Dec-11 Nov-11
MoM (%)
AUM's (PKR bn) 264.26 279.81 -5.56%
No of AMCs 24 24 -
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
32.90
2,829
128.34
6.65
3.76%
KSE30
6.57
565
76.94
6.15
7.16%
KMI30
4.81
413
56.97
4.82
6.45%
KSE All
35.54
3,057
178.42
6.82
3.76%
January 20 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
159.80
117.03
-19.82%
OGDC
16.00
151.30
144.03
-1.10%
UBL
2.00
54.88
45.01
-11.36%
LUCK
1.70
81.26
38.26
14.71%
January 20 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
8.47
-53.56
-45.09
Foreign Corporates
2,640.87
-3,834.31
-1,193.45
Overseas Pakistani
352.22
-436.95
-84.73
Grand Total
3,001.56
-4,324.82
-1,323.26
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
19-Jan-12
20-Jan-12
Change
Gross Buy
27.63
-72.05%
27.63
-72.05%
2.65
3.00
13.22%
Gross Sell
-38.09
-14.68%
-38.09
-14.68%
-1.11
-4.32
288.35%
Net Buy/(Sell)
-10.22
-118.43%
-10.22
-55.97%
1.54
-1.32
-186.07%
S.C.R.A
Country
During the Period FY12TD
19-01-2012
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
4.94
-
-
11.75
-
-
-6.81
0.23
-
0.23
Luxembourg
16.14
-
-
33.00
-
-
-36.59
0.46
0.81
-0.35
Switzerland
18.90
0.35
-
28.28
1.27
-
-10.30
-
0.18
-0.18
UAE
4.60
0.52
-
3.44
4.46
-
-3.30
-
-
-
UK
27.61
0.16
-
98.19
0.29
3.47
-74.20
0.50
0.39
0.11
USA
111.54
-
-
185.84
-
19.06
-93.34
2.04
0.49
1.55
Total
218.63
3.72
-
407.99
6.02
29.22
-221.41
3.26
1.91
1.35
News Clippings
Economy

Resolving circular debt: ECC approves Rs160b swap deal with banks

The highest economic decision making body on Friday approved a Rs160 billion debt swap deal with commercial banks to help clear the circular debt, a move that will temporarily ease power sector liquidity problems. more... (ET)

WHT on brokers’ commission removed, CGT rates frozen


Finance Minister Dr Abdul Hafeez Shaikh on Saturday agreed to the proposals of Securities Exchange Commission of Pakistan (SECP) for increasing trade volumes at the Karachi Stock Exchange (KSE), by removing withholding tax (WHT) on brokers’ commission and freezing current rate of Capital Gain Tax (CGT) till June 2014. more... (D)

Textile industry in Punjab without gas supply for 31st day running


Textile industry in Punjab is out of gas supply for the last 31 days.
The textile industry circles said gas supply to textile industry has been suspended for 31 days in Faisalabad region and for 28 days in Lahore region. more... (BR)

Prices of essential kitchen items show mixed trend

The prices of essential kitchen items show a mixed trend as prices of some items registered a nominal decline, while of some others a little increase during the week under review as compared to the previous week, shows a survey carried out by Business Recorder on Saturday.more... (BR)

Company & Sector Update

Pharma giant presses on with investment despite general scepticism

Continuous investment in human resource development, technology and brand building has helped Getz Pharma to become Pakistan’s largest pharmaceutical exporter and the fifth-largest pharma company with 2011 revenues surpassing Rs10 billion. more... (ET)

Major gas pipeline blown up

Gas supply to several areas in Sindh was disrupted after a main pipeline was blown up in Mullguzar area on Sunday evening.An official of the Sui Southern Gas Company (SSGC) said the repair work would begin after security clearance.The banned Baloch Republican Army claimed responsibility for the attack.more... (D)

PTA announces auction for 3G licenses

Pakistan Telecommunication Authority (PTA) has announced that auction for license/spectrum regarding 3G /4G/LTE will be held on March 28 and 29.This was announced at the second investment awareness conference held here on Saturday which was also attended by Finance Minister Dr Abdul Hafeez Shaikh.more... (D)

Avoid using harmful chemicals: ICI

Industries, especially those relying on exports, must put in place improved safety standards and avoid hazardous chemicals which are used in machine cleaning as Europe is going to introduce strict regulations to restrict the use of various products made by these industries, says an ICI official. more... (ET)

Political

Secret election schedule talks between PPP, PML-N stal

Secret talks between the government and the main opposition party to finalise the schedule for fresh parliamentary elections later this year have stalled over whether the key announcement should be made before or after the budget, which is due in June. more... (ET)

Integrity of PTI leaders attracting the youth: Hashmi

The integrity of Pakistan Tehreek-e-Insaaf’s leaders is compelling the people to come forward and support this party, says Javed Hashmi.more... (ET)

Mansoor Ijaz keeps everyone guessing

Although the government has assured foolproof security to Mansoor Ijaz, the main character in the ‘memogate’ affair, it is not yet certain that he will visit Pakistan. more... (D)

Imran urges US to stop drone attacks

PTI leader Imran Khan urged the United States on Sunday to stop drone attacks in Pakistan because they also killed many innocent people. more... (D)

GCC

Dubai exports up sharply in 2011

Dubai’s exports and re-exports rose 14.5 per cent last year over 2010, according to new results published by the Dubai Chamber of Commerce and IndustryDubai Chamber of Commerce and IndustryDubai Chamber of Commerce and Industry.. more... (Zawya)

Government initiative aims to control prices, fight monopolies

His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, said that commercial agencies will be ‘scrapped’ for specific food products. The announcement came in a tweet by Shaikh Mohammad after a Cabinet meeting yesterday. more... (Zawya)

Toyota's new bespoke strategy wins an encouraging response

If you thought bespoke in the automotive industry only went with luxury and high-performance bands, it's time you had another thought coming your way. Al-Futtaim Motors (AFM) is working on a bespoke solution that would allow new Toyota owners to customise their vehicles to a good extent. more...(Gulf News)

Emirates checks A380s after wing crack alert

Emirates airline is checking one of its A380s and has inspected another after the European Aviation Safety Agency, or EASA, instructed all operators of the superjumbo jets on Friday to look for new cracks on the wings of the aircraft. more... (Gulf News)

Quote of the Day:

"Learning is the beginning of wealth. Learning is the beginning of health. Learning is the beginning of spirituality. Searching and learning is where the miracle process all begins."Jim Rohn

 
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
20-Jan-12
19-Jan-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
76.676
-1.11%
15.19%
14.85%
33.70
     
20-Jan-12
19-Jan-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
886.91
902.82
-15.91

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  
11.75
11.70
11.75
11.75
11.80
11.90
Low  
11.50
11.55
11.65
11.60
11.70
11.75

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
90.80
116.85
1.18
140.58
24.85
1.47
0.79

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.63
11.70
11.77
Last Cut Off.
11.78
11.83
11.89
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.40
12.36
12.36
12.70
10 Y-PIB
12.38
12.35
12.36
12.70

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.00
1.93
2.01
2.11
3.87
8.18
12.35
Change bps
1.00
7.00
4.00
6.00
6.00
1.20
-1.00

Commodities

     
20-Jan-12
23-Jan-12
change
WTI (USD/bbl)    
100.50
98.10
-2.39%
     
Brent (USD/bbl)    
111.74
109.99
-1.57%
     
Arab Light (USD/bbl)    
115.01
113.27
-1.51%

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
47,762.92
47,420.07
0.72%
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
1,668.20
1,656.60
0.70%
Sugar 11 (USD/lb)
24.89
24.16
3.02%
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.