BasedLine

Date: 25-January-2012
KSE-100 Index
Previous Index 12,037.66
Current Index 11,991.38
Change % -0.38%
YTD (CY11) 5.67%
YTD (FY12) -4.04%
KSE-100 Index
Previous Index 21,936.35
Current Index 21,725.10
Change % -0.96%
YTD (CY11) 7.88%
YTD (FY12) 3.77%
International Indicators
 
Close
%age
BSE-30 16,995.80 1.46
HANGSENG 20,110.40 0.84
NIKKEI 225 8,785.33 0.22
FTSE 5,751.90 -0.53
DJIA 12,675.80 -0.26
SSEC 2,319.12 1.00
NASDAQ 2,786.64 0.09
 
Close
%age
TASI 6,466.54 0.09
KSE(Kuwait) 5,820.60 0.57
BSE 1,144.38 0.28
MSM 5,593.63 -0.08
ADX 2,361.55 0.37
DFM 1,364.03 1.74
QSE 8,386.88 -0.26
Capital Market Overview

Market Watch: Stock market declines in lively session

The stock market witnessed a volatile but healthy session on Tuesday as investors were active buyers and sellers throughout the day.The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.38 per cent or 46.28 points to end at the 11,991.38 point level.more... (ET)

NAVs and Returns
as of January 24, 2012
Funds Offer Redemption
POGSF
10.3169/-
10.3169/-
YTD Return
11.90%
POAIIF
53.4018/-
52.8678/-
YTD Return
12.90%
POAAAF
47.93/-
46.73/-
YTD Return
-7.50%
POIAAF
55.45/-
54.06/-
YTD Return
3.46%
POAF
10.95/-
YTD Return
11.43%
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
33.50
2,881
153.45
6.69
5.67%
KSE30
6.74
580
77.38
5.90
9.85%
KMI30
4.87
419
50.83
4.08
7.88%
KSE All
36.21
3,114
200.06
6.89
5.72%
January 24 , 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 24 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
33.83
-36.43
-2.60
Foreign Corporates
7,058.30
-1,309.85
5,748.46
Overseas Pakistani
522.60
-1,335.66
-813.07
Grand Total
7,614.73
-2,681.95
4,932.78
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
23-Jan-12
24-Jan-12
Change
Gross Buy
36.34
-65.05%
36.34
53.44%
1.30
7.61
-485.75%
Gross Sell
-42.90
-14.60%
-42.90
-10.48%
-2.24
-2.68
-19.73%
Net Buy/(Sell)
-6.41
-111.65%
-6.41
-73.84%
-0.94
4.93
-624.76%
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
0.00
-
0.00
Luxembourg
16.14
-
-
33.00
-
-
-37.17
-
0.00
-0.00
Switzerland
19.25
0.35
-
28.64
1.27
-
-10.31
0.20
-
0.20
UAE
4.60
0.52
-
3.44
4.46
-
-3.30
-
-
-
UK
29.94
0.16
-
100.78
0.29
3.47
-74.46
1.49
0.90
0.59
USA
112.09
-
-
189.23
-
19.06
-96.19
0.13
1.64
-1.51
Total
221.87
3.72
-
414.93
6.02
29.22
-225.11
1.83
2.54
-0.72
News Clippings
Economy

Rupee firms against dollar


In the currency market on Tuesday, the rupee ended firmer at 90.17/22 to the dollar, compared with Monday’s close of 90.21/26, amid lack of import payments. more... (D)

Austria offers investment in energy sector


Austrian Ambassador Axel Wech has said that his country was keen to invest in the hydel power and alternative energy development projects. more... (D)

Country to pay back $1.2bn of IMF in March, June


Pakistan to retire first tranche of $1.2 billion International Monetary Fund (IMF) in two instalments, $700 million in March and $500 million in June 2012, an official at Ministry of Finance informed on Tuesday. more... (DT)

High cost of production: Pakistani potato exports comes to a halt

Due to bumper Indian crop available at comparatively low cost in the international market, Pakistani export of the vegetable during the current year has come to a virtual halt causing millions of dollars worth of monthly loss to the national exchequer. more... (DT)

Company & Sector Update

Corporate results: Earnings season kicks off

A strong performance by the dairy segment pushed Engro Foods’ net profit up four folds to Rs891 million in 2011 against Rs176 million in 2010. more... (ET)

Textile sector faces unprecedented gas, power shortage

The textile sector is the backbone of the national economy as it has direct contribution to domestic production, financial services and foreign exchange earnings.The sector has strong implications on socio-economic conditions of the country given its role in employment generation. more... (DT)

Oil Field: Work on Domail-2 suspended

Work on Pakistan Oilfield’s Domail-2 well, which was undergoing a drill stem test, has been suspended indicates a PPIS drilling report, says Global Securities analyst Syed Saquib Ali on Tuesday. more... (ET)

Panel fails to suggest ways of resolving energy crisis

With the difference between cost and sale price of electricity widening to Rs3.29 per unit (kwh), the National Assembly’s Special Committee on Energy Crisis and government institutions assisting it for more than two and a half months failed on Tuesday to suggest ways of addressing the problem. more... (D)

Political

ISI’s political role must not be overlooked: Nisar

As reports came in about the Supreme Court’s decision to take up a controversial decade-old case regarding the Inter-Services Intelligence (ISI) role in politics, the Pakistan Muslim League-Nawaz (PML-N) asked the court on Tuesday to not overlook the agency’s role in the present, as well as during former president Pervez Musharraf’s regime. more... (ET)

PPP to lodge case against Shahbaz

The Pakistan People’s Party Punjab chapter says it will try to lodge a case against Chief Minister Shahbaz Sharif over the death of patients owing to alleged reaction of free drugs. more... (D)

Giving voting right to expats arduous task, SC told

The Supreme Court was informed on Tuesday that extending voting rights to overseas Pakistanis was an arduous task because the number of such people was approximately eight million. more... (D)

Political parties can demand snap polls

Federal Law Minister Maula Baksh Chandio has termed the present crisis “artificial and a conspiracy,” adding that every democratic government has suffered the same in our country’s history, while dictators have never faced such problems during their prolonged rule. more... (ET)

GCC

Arab bourses dip as Saudi surges

Most Arab stock markets maintained a downward trend in the first three weeks of 2012 as they continued to reel under the effects of the global financial upheaval and political unrest sweeping the region. more... (Zawya)

Regional tensions to affect investor sentiment in Lebanon

HSBC Bank revised downwards its real GDP growth forecast for Lebanon to 2.3 percent in 2012 from an October estimate of 3.2 percent, and compared to growth of 3.5 percent for the MENA economies, and 2.7 percent for the region’s non-oil producers. more... (Zawya)

Weak rupee to make UAE imports cheaper

A slowdown in India's gross domestic product (GDP) growth in the fiscal year to March 2012 is likely to reduce inflationary pressures in the UAE as the bulk of its imports come from the South Asian nation, but that won't significantly impact global economic activity, local experts have said. more...(Gulf News)

IMF slashes global growth outlook

The Eurozone debt crisis is escalating and dragging down the world economy, the International Monetary Fund said yesterday, as it sharply cut its outlook for global growth and called for policies to restore confidence. more... (Gulf News)

Quote of the Day:

"Confidence comes not from always being right but from not fearing to be wrong."Peter T. Mcintyre

 
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
24-Jan-12
23-Jan-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
77.319
0.58%
14.56%
14.72%
-16.70
     
24-Jan-12
23-Jan-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
871.66
869.06
2.60

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.42
11.56
11.61
11.71
Offer
11.92
11.81
11.86
12.21

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
10.50
11.25
11.65
11.75
11.80
11.90
Low  
9.25
11.10
11.50
11.60
11.70
11.75

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
90.80
117.94
1.18
140.61
24.70
1.45
0.79

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.50
11.58
11.64
Last Cut Off.
11.78
11.83
11.89
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.30
12.25
12.28
12.70
10 Y-PIB
12.30
12.25
12.25
12.70

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.00
1.99
2.06
2.18
3.96
8.36
12.25
Change bps
-1.00
2.00
2.00
2.00
7.00
18.50
0.00

Commodities

     
24-Jan-12
25-Jan-12
change
WTI (USD/bbl)    
99.58
99.10
-0.48%
     
Brent (USD/bbl)    
110.60
110.49
-0.10%
     
Arab Light (USD/bbl)    
114.03
113.53
-0.44%

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
47,711.49
47,904.35
-0.40%
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
1,665.50
1,673.40
-0.47%
Sugar 11 (USD/lb)
24.89
24.96
-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.