BasedLine

Date: 24-January-2012
KSE-100 Index
Previous Index 11,774.68
Current Index 12,037.66
Change % 2.23%
YTD (CY11) 6.08%
YTD (FY12) -3.67%
KSE-100 Index
Previous Index 21,437.58
Current Index 21,936.35
Change % 2.33%
YTD (CY11) 8.93%
YTD (FY12) 4.78%
International Indicators
 
Close
%age
BSE-30 16,751.70 0.08
HANGSENG 20,110.40 0.84
NIKKEI 225 8,765.90 -0.01
FTSE 5,782.56 0.94
DJIA 12,708.80 -0.09
SSEC 2,319.12 1.00
NASDAQ 2,784.17 -0.09
 
Close
%age
TASI 6,460.55 0.15
KSE(Kuwait) 5,787.80 -0.16
BSE 1,141.15 -0.02
MSM 5,597.84 0.11
ADX 2,352.74 0.52
DFM 1,340.70 0.46
QSE 8,409.15 -0.41
Capital Market Overview

Market Watch: Investors swarm back to the market

The stock market opened the week with a bang as activity surged to levels not seen in the past year on the back of government’s approval to ease tax regulations over the weekend.The Karachi Stock Exchange’s (KSE) benchmark 100-share index surged to 2.23 per cent or 262.98 points to end at the 12,037.66 point level on Monday, a two-month high. more... (ET)

NAVs and Returns
as of January 23, 2012
Funds Offer Redemption
POGSF
10.3081/-
10.3081/-
YTD Return
11.78%
POAIIF
53.3882/-
52.8543/-
YTD Return
12.91%
POAAAF
48.04/-
46.84/-
YTD Return
-7.28%
POIAAF
55.82/-
54.42/-
YTD Return
4.15%
POAF
10.94/-
YTD Return
11.41%
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
33.63
2,892
179.95
7.45
6.08%
KSE30
6.76
582
94.85
6.59
10.24%
KMI30
4.92
423
73.78
5.36
8.93%
KSE All
36.32
3,123
230.14
7.65
6.06%
January 23 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
167.79
117.03
-15.81%
OGDC
16.00
153.62
144.03
0.41%
UBL
2.00
56.28
45.01
-9.09%
LUCK
1.70
84.65
38.26
19.49%
January 23 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
46.54
-31.16
15.38
Foreign Corporates
823.77
-1,709.20
-885.43
Overseas Pakistani
429.01
-498.19
-69.19
Grand Total
1,299.32
-2,238.56
-939.23
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
20-Jan-12
23-Jan-12
Change
Gross Buy
28.90
-95.90%
28.90
-71.76%
3.00
1.30
-56.69%
Gross Sell
-40.27
-95.22%
-40.27
-15.80%
-4.32
-2.24
-48.18%
Net Buy/(Sell)
-11.12
-91.96%
-11.12
-119.94%
-1.32
-0.94
-28.85%
S.C.R.A
Country
During the Period FY12TD
23-01-2012
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
-
-
-
Luxembourg
16.14
-
-
33.00
-
-
-37.17
-
0.58
-0.58
Switzerland
19.05
0.35
-
28.64
1.27
-
-10.51
0.16
0.37
-0.21
UAE
4.60
0.52
-
3.44
4.46
-
-3.30
-
-
-
UK
28.45
0.16
-
98.88
0.29
3.47
-75.05
0.83
1.69
-0.85
USA
111.96
-
-
187.60
-
19.06
-94.69
0.42
1.76
-1.34
Total
220.04
3.72
-
412.38
6.02
29.22
-224.39
1.41
4.39
2.98
News Clippings
Economy

Circular debt crosses the Rs400 billion mark


Some milestones, the government probably wishes it never reached. Yet on Monday, the Pakistan Electric Power Company – the state-owned firm charged with managing the national grid – confirmed that gross liabilities for Pepco related to the energy sector’s inter-corporate circular debt, have now crossed Rs400 billion. more... (ET)

Rupee weakens against Dollar


In the currency market on Monday, the rupee ended weaker at 90.21/26 to the dollar, compared with Friday’s close of 90.18/23, due to an increase in import payments. more... (D)

IDB to give $3bn for development


The Islamic Development Bank (IDB) will provide around $3 billion to Pakistan during 2012-15 to help it achieve sustainable socio-economic development. more... (D)

Govt eyes more than $12bn remittances by FY end

The country has received an average of $1.054 billion per month so far during the first six months of the current financial year (2011-2012), as workers remittances from abroad.more... (DT)

Company & Sector Update

Textile exports to US may drop 18% in volume

Although Pakistan’s textile and apparel exports to the United States are expected to have risen by 3% in 2011 in terms of dollar amount, a decline of 18% in volumes is expected over the same period, according to a study conducted by the Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA). more... (ET)

Transmission issues: Power companies blamed for Rs90b electricity losses

The Water and Power Development Authority (Wapda) has held the board of directors of power distribution companies responsible for failing to improve the distribution system, which is incurring losses of more than Rs90 billion annually and spiralling the circular debt to record levels.more... (ET)

PTA asks TDAP for 50% subsidy on space, fare, sampling

The Pakistan Tanners Association (PTA) has asked the Trade Development Authority of Pakistan (TDAP) to allow 50 percent subsidy on space at Asia Pacific Leather Fair (APLF) International Exhibition in Hong Kong.more... (DT)

Pharmaceutical unit sealed FIA arrests three drug makers

The Federal Investigation Agency (FIA) on Monday arrested three owners of as many companies for manufacturing drugs that allegedly caused the death of 63 cardiac patients registered with the Punjab Institute of Cardiology. more... (D)

Political

Rabbani resolution: Senate wants Musharraf tried for treason

The Senate on Monday unanimously adopted a resolution demanding the arrest of former president General (retd) Pervez Musharraf upon his arrival in Pakistan and institution of treason charges against him under Article 6 of the Constitution.more... (ET)

New provinces: MQM wins over PPP to block resolution in assembly

Several MPAs belonging to the ruling Pakistan Peoples Party and its two other coalition partners felt betrayed when Speaker Nisar Khuhro backtracked on his Friday promise to allow a resolution against the creation of new provinces. more... (ET)

US drone kills four in N Waziristan

It was the third such US attack reported in Pakistan so far this year, following a moratorium after US firepower inadvertently killed 24 soldiers in November, plunging relations to an all-time low. The attack took place in Degan village, some 25 kilometres west of Miranshah, the main town of North Waziristan. more... (DT)

Khuhro says he tried to run house as per order of day

Speaker Sindh Assembly Nisar Ahmed Khuhro on Monday said that he tried to run the house according to the order-of-day. It is the duty of the Speaker to dispose of the agenda for the day, he said while talking to media in the Assembly Building after prorogation of the house. more... (DT)

GCC

Dubai’s GDP forecast to grow 4.1% in first quarter

Dubai Dubai’s GDP is expected to grow 4.1 per cent in the first quarter of this year, according to the Dubai Economic Outlook 2011 report released by the Dubai Economic Council yesterday. more... (Zawya)

UAE holds largest share of e-commerce sales in region

Dubai Total e-commerce sales in the Gulf Cooperation Council (GCC) are estimated to be between $3-$3.5 billion (Dh11 billion). The UAE’s annual sales which approached an estimated $2 billion in 2010 made up approximately 55-60 per cent of GCC e-commerce sales during the period, according to Visa. more... (Zawya)

European Union adopts Iran oil import ban

The European Union agreed on Monady on sanctioning Iran's oil exports and freezing assets of Iran's central bank, as part of western efforts to pressure Tehran to make concessions in its controversial nuclear programme. more...(Gulf News)

Abu Dhabi approves key development projects

A number of housing, public utilities, health care, education, social care and infrastructure projects will be implemented across Abu Dhabi to improve the quality of services provided to the public. more... (Gulf News)

Quote of the Day:

"It is literally true that you can succeed best and quickest by helping others to succeed."Napoleon Hill

 
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
23-Jan-12
20-Jan-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
76.875
1.58%
14.72%
15.19%
-46.40
     
23-Jan-12
20-Jan-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
869.06
886.91
-17.85

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.45
11.59
11.64
11.74
Offer
11.95
11.84
11.89
12.24

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
9.25
11.25
11.75
11.75
11.80
11.90
Low  
9.10
11.10
11.60
11.60
11.70
11.75

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
90.80
116.71
1.18
140.57
24.85
1.46
0.79

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.60
11.65
11.70
Last Cut Off.
11.78
11.83
11.89
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.31
12.28
12.36
12.70
10 Y-PIB
12.30
12.25
12.35
12.70

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.01
1.97
2.04
2.16
3.89
8.17
12.25
Change bps
1.00
4.00
3.00
5.00
2.00
-1.10
-10.00

Commodities

     
23-Jan-12
24-Jan-12
change
WTI (USD/bbl)    
98.10
99.58
1.51%
     
Brent (USD/bbl)    
109.99
110.60
0.55%
     
Arab Light (USD/bbl)    
113.27
114.03
0.67%

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
47,904.35
47,762.92
0.30%
Rice IRRI -6(Rs/100kg)
3,042.00
3,028.00
0.46%
KCA Cotton (Rs/mound)
5,750.00
5,600.00
2.68%
International
Current
Previous
Change
Coal Spot(USD/ton)
114.15
112.95
1.06%
Gold Futures
1,673.40
1,668.20
0.31%
Sugar 11 (USD/lb)
24.96
24.89
0.28%
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.