BasedLine

Date: 26-January-2012
KSE-100 Index
Previous Index 11,991.38
Current Index 11,949.75
Change % -0.35%
YTD (CY11) 5.31%
YTD (FY12) -4.37%
KSE-100 Index
Previous Index 21,725.10
Current Index 21,682.57
Change % -0.20%
YTD (CY11) 7.67%
YTD (FY12) 3.56%
International Indicators
 
Close
%age
BSE-30 17,077.20 0.48
HANGSENG 20,110.40 0.84
NIKKEI 225 8,883.69 1.12
FTSE 5,723.00 -0.50
DJIA 12,757.00 0.64
SSEC 2,319.12 1.00
NASDAQ 2,818.31 1.14
 
Close
%age
TASI 6,476.86 0.16
KSE(Kuwait) 5,839.80 0.33
BSE 1,141.06 -0.29
MSM 5,586.44 -0.13
ADX 2,375.25 0.58
DFM 1,396.04 2.35
QSE 8,420.53 0.33
Capital Market Overview

Market Watch: Stock market falls on profit taking

The stock market failed to cross the 12,000-point psychological barrier as equities struggled to continue the upward trend amid profit taking by investors.The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.35 per cent or 41.63 points to end at the 11,949.75 point level. more... (ET)

NAVs and Returns
as of January 25, 2012
Funds Offer Redemption
POGSF
10.3226/-
10.3226/-
YTD Return
11.95%
POAIIF
53.4146/-
52.8805/-
YTD Return
12.88%
POAAAF
47.91/-
46.71/-
YTD Return
-7.54%
POIAAF
55.42/-
54.03/-
YTD Return
3.41%
POAF
10.95/-
YTD Return
11.44%
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
33.38
2,871
93.82
4.35
5.31%
KSE30
6.71
577
57.64
3.94
9.36%
KMI30
4.86
418
46.35
3.12
7.67%
KSE All
36.09
3,104
124.85
4.49
5.38%
January 25 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
168.05
117.03
-15.68%
OGDC
16.00
149.66
144.03
-2.18%
UBL
2.00
57.66
45.01
-6.86%
LUCK
1.70
85.77
38.26
21.08%
January 25 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
56.06
-50.19
5.88
Foreign Corporates
2,686.24
-1,234.81
1,451.43
Overseas Pakistani
681.96
-306.37
375.59
Grand Total
3,424.26
-1,591.36
1,832.90
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
24-Jan-12
25-Jan-12
Change
Gross Buy
36.69
-63.02%
39.69
67.57%
7.61
3.42
-55.03%
Gross Sell
-44.45
-15.29%
-44.45
-7.24%
-2.68
-1.59
-40.66%
Net Buy/(Sell)
-4.66
-108.29%
-4.66
-80.99%
4.93
1.83
-62.84%
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

Banks asked to adopt agri-financing as viable business model


The banks should adopt agricultural financing as viable business model through development of specific products, schemes and disseminate best practices through grass-root level programmes for farmers, Yaseen Anwar, Governor, State Bank of Pakistan (SBP) has urged upon them. more... (DT)

Exports surged to $25bn in 2011


The country’s exports have registered an increase of $4 billion during 2011 (January to December) as compared to the same period of 2010 due to rise in international commodity prices and depreciation in the real effective exchange rate, Trade Development Authority of Pakistan’s statistics revealed on Wednesday. more... (DT)

India, Pakistan report progress on key pipeline


India and Pakistan said Wednesday they were closer to an agreement on a pipeline to import gas from Turkmenistan that would signal a further warming of economic ties between the traditional rivals. more... (ET)

Telecom sector earns all-time high revenue in 2011

The revenue of telecom operators in Pakistan swelled to an all-time high of Rs363 billion in 2011, registering a boost of 5.4% compared to the previous year, according to a report published by the Pakistan Telecom Authority. more... (ET)

Company & Sector Update

Pakistan Petroleum makes Rs20b in six months

Pakistan Petroleum Limited’s net profit jumped 21% to Rs20.1 billion on the back of higher sales during July to December 2011.The result, in line with market expectations, is also accompanied with an interim cash dividend of Rs5 per share, according to a notice sent to the Karachi Stock Exchange on Wednesday. more... (ET)

Farm productivity stagnant for 10 years

Agricultural productivity of the country has remained stagnant for the past 10 years, which has put a question mark over food security with a growing population. more... (ET)

Toyota loses world’s top carmaker spot


Toyota Motor confirmed Wednesday that its world group sales fell below the eight million mark in 2011, losing the firm its number one spot in the global carmakers’ league. more... (D)

LHC seeks TCP sugar stock and price details

Lahore High Court (LHC) Chief Justice Sheikh Azmat Saeed told a Trading Corporation of Pakistan (TCP) representative on Wednesday to submit the record of sugar stocks and buying prices. more... (D)

Political

Gilani retracts remarks against Kayani, Pasha

In what was seen here as yet another backtracking, Prime Minister Yousuf Raza Gilani said on Wednesday that his remarks about replies filed in the Supreme Court in the memo case were not against the army chief and the director general of ISI. more... (D)

MQM chief telephones Fazl

Muttahida Qaumi Movement (MQM) chief Altaf Hussain telephoned Jamiat Ulema-e-Islam-Fazl (JUI-F) chief Maulana Fazlur Rehman on Wednesday. Both the leaders exchanged views on the current situation in the country, a statement said on Wednesday. more... (DT)

Lawyers’ killings: High court summons top cop and leaders of the Bar

The Chief Justice of Sindh High Court, Justice Musheer Alam, taking suo motu notice on the killing of lawyers has summoned Sindh police chief and other officials on Thursday, asking them to submit a report on the incidents of targeted killings of the members of the Bar. more... (ET)

Free medicine disaster: Lab with expired licence supplied PIC

As the death toll of those who took free medicine from the Punjab Institute of Cardiology (PIC) crosses 100, the story – perhaps inevitably – has moved into the realm of the corrupt and sinister. more... (ET)

GCC

Abu Dhabi Sets Opening Dates For Stalled Museums After Review

Abu Dhabi's Tourism Development and Investment Co., or TDICTDIC, the main developer of Saadiyat Cultural District, said the new delivery dates for the Louvre Abu Dhabi, Zayed National Museum and Guggenheim Abu Dhabi will now be between 2015-2017 following a review by the government. more... (Zawya)

Egypt's Economy Will Start To Improve In 2H -EFG-Hermes CEO

Switzerland (Dow Jones)--Egypt's economy, which has been severely hit by the uprising that ended Hosni Mubarak's 30-year dictatorship, is likely to start improving by the second half of this year, the chief executive of the country's largest publicly traded investment bank said Wednesday. more... (Zawya)

Dubai Holding to repay $500m debt

Proving the sceptics wrong, once again Dubai Holding Commercial Operations Group (DHCOG), a Dubai government-owned entities (GRE) yesterday confirmed the repayment of a $500 million (Dh1.83 billion) bond and three scheduled interest payments on its Medium-Term Notes (MTN). more...(Gulf News)

Fund to ease debt burden of 6,830 Emiratis

President His Highness Shaikh Khalifa Bin Zayed Al Nahyan has ordered the settling of the debts of 6,830 Emiratis amounting to Dh2 billion.. more... (Gulf News)

Quote of the Day:

"Courage is not the absence of fear, but rather the judgement that something else is more important than fear."James Neil Hollingworth

 
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
25-Jan-12
24-Jan-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
77.195
-0.16%
14.62%
14.56%
6.00
     
25-Jan-12
24-Jan-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
861.95
871.66
-9.71

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.45
11.54
11.60
11.70
Offer
11.95
11.79
11.85
12.20

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
10.50
11.25
11.60
11.60
11.65
11.75
Low  
9.10
11.10
11.50
11.40
11.45
11.60

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
90.75
118.00
1.16
140.80
24.75
1.45
0.79

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.50
11.58
11.65
Last Cut Off.
11.59
11.62
11.72
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.28
12.24
12.25
12.70
10 Y-PIB
12.28
12.22
12.25
12.70

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.99
1.94
1.98
2.16
3.94
8.32
12.22
Change bps
-1.00
-5.00
-8.00
-2.00
-2.00
-3.80
-3.00

Commodities

     
25-Jan-12
26-Jan-12
change
WTI (USD/bbl)    
99.10
99.86
0.77%
     
Brent (USD/bbl)    
110.49
110.50
0.01%
     
Arab Light (USD/bbl)    
113.53
113.87
0.30%

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
49,112.88
47,711.49
2.94%
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
1,715.20
1,665.50
2.98%
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.