BasedLine

Date: 27-January-2012
KSE-100 Index
Previous Index 11,949.75
Current Index 11,883.92
Change % -0.55%
YTD (CY11) 4.73%
YTD (FY12) -4.90%
KSE-100 Index
Previous Index 21,682.57
Current Index 21,610.21
Change % -0.33%
YTD (CY11) 7.31%
YTD (FY12) 3.22%
International Indicators
 
Close
%age
BSE-30 17,077.20 0.48
HANGSENG 20,439.10 1.63
NIKKEI 225 8,849.47 -0.39
FTSE 5,795.20 1.26
DJIA 12,734.60 -0.18
SSEC 2,319.12 1.00
NASDAQ 2,805.28 -0.46
 
Close
%age
TASI 6,476.86 0.16
KSE(Kuwait) 5,852.20 0.21
BSE 1,137.94 -0.27
MSM 5,595.97 0.17
ADX 2,390.16 0.63
DFM 1,405.82 0.70
QSE 8,434.70 0.17
Capital Market Overview

Market watch: Stock market falls amid dismal activity

The stock market witnessed another day of profit taking on Thursday as investors opted to book profits amid falling activity.The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.55 per cent or 65.83 points to end at the 11,883.92 point level. more... (ET)

NAVs and Returns
as of January 26, 2012
Funds Offer Redemption
POGSF
10.3262/-
10.3262/-
YTD Return
11.96%
POAIIF
53.4275/-
52.8932/-
YTD Return
12.86%
POAAAF
47.73/-
46.54/-
YTD Return
-7.88%
POIAAF
55.28/-
53.90/-
YTD Return
3.16%
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
33.20
2,855
70.49
3.90
4.73%
KSE30
6.69
576
49.82
3.65
9.14%
KMI30
4.85
417
41.21
2.89
7.31%
KSE All
35.90
3,088
95.53
4.02
4.85%
January 26 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
168.75
117.03
-15.33%
OGDC
16.00
149.13
144.03
-3.18%
UBL
2.00
57.30
45.01
-7.45%
LUCK
1.70
86.48
38.26
22.08%
January 26 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
138.33
-87.91
50.42
Foreign Corporates
2,295.08
-112.94
2,182.14
Overseas Pakistani
268.20
-287.92
-19.71
Grand Total
2,701.61
-488.76
2,212.85
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
25-Jan-12
26-Jan-12
Change
Gross Buy
42.33
-62.94%
42.33
78.07%
3.42
2.70
-21.10%
Gross Sell
-44.93
-18.37%
-44.93
-6.51%
-1.59
-0.49
-69.29%
Net Buy/(Sell)
-2.54
-104.20%
-2.54
-89.65%
1.83
2.21
-20.73%
S.C.R.A
Country
During the Period FY12TD
26-01-2012
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
6.29
-
-
11.82
-
-
-5.53
1.35
0.00
1.35
Luxembourg
16.14
-
-
33.00
-
-
-37.24
-
0.04
-0.04
Switzerland
19.25
0.35
-
28.97
1.27
-
-10.64
-
0.33
-0.33
UAE
4.69
0.52
-
3.44
4.46
-
-3.21
-
-
-
UK
31.38
0.16
-
102.27
0.29
3.47
-74.52
0.45
1.33
-0.88
USA
113.38
-
-
191.00
-
19.06
-96.67
0.70
0.33
0.37
Total
226.03
3.72
-
419.27
6.02
29.22
-225.29
2.50
2.62
-0.12
News Clippings
Economy

Financial services: Burj Bank's aggressive marketing campaign yields growth, profits


Burj Bank, one of the smallest private sector banks in the country, sees itself as the little bank with big ambitions.more... (ET)

Forex reserves fall to $16.80 billion


Pakistan’s foreign exchange reserves fell to $16.80 billion in the week ending Jan 20, from $16.90 billion in the previous week, the central bank said on Thursday.Reserves held by the State Bank of Pakistan (SBP) fell to $12.55 billion from $12.69 billion a week earlier. more... (D)

WB likely to provide $840m for Tarbela extension,


The World Bank’s executive board would approve $840 million for the fourth project for Tarbela Dam’s extension on March 8, sources said on Thursday. more... (D)

SBP, MoF assure NA body of consumers rights

The State Bank of Pakistan (SBP) and Ministry of Finance here on Thursday assured the Sub-Committee of the National Assembly’s Standing Committee on Finance that they would submit state of compliance of SBP regulations relating to protection of consumers rights. more... (DT)

Company & Sector Update

Corporate results: Fauji Fertilizer Bin Qasim profits jump on higher prices

Fauji Fertilizer Bin Qasim did not let a drop in production levels get in its way to achieving all-time high profits in 2011.The company’s net profit surged 65% to record high of Rs10.77 billion in 2011 compared with Rs6.51 billion posted in 2010, according to a notice sent to the Karachi Stock Exchange on Thursday. more... (ET)

Pakistan, India finalise three pacts to remove non-tariff barriers

Pakistan and India have finalised three agreements to remove non-tariff barriers (NTB) which were obstructions for Pakistani exports to India, an Indian commerce ministry official has said.more... (ET)

LPG price likely to go up by Rs9


Retail price of the liquefied petroleum gas (LPG) is expected to go up by Rs9 per kilo following a sharp increase in Saudi Aramco Contract Price for February.. more... (D)

Sanctions not to affect plan for Iran gas: FO

Pakistan made it clear on Thursday that US sanctions against Iran would not affect its stance on the Iran-Pakistan gas pipeline project. more... (D)

Political

Heart breaker: US says Pakistan cannot offer much in free trade

The United States has said that a free trade accord is too big for Pakistan as there is no match between the economies of the two countries, says a top official of the commerce ministry. more... (ET)

MQM in 1990: Altaf denies taking money to knock PPP over

The Muttahida Qaumi Movement (MQM) chief Altaf Hussain denied that he ever took money from the Inter Services Intelligence (ISI) as ‘some have reportedly claimed. more... (ET)

Lawyers condemn Karachi killings

As lawyers boycotted courts and held protest meetings across the country on Thursday against the murder of three lawyers in Karachi the previous day, Sindh High Court Chief Justice Mushir Alam said the judiciary had to play an active role if other institutions failed to perform their functions. more... (D)

Talks underway to reactivate MMA: Fazl

Jamiat Ulema-e-Islam-Fazl (JUI-F) chief Maulana Fazlur Rehman has said that talks were under way to reactivate Muttahida Majlis-e-Amal (MMA); however, Jamaat-e-Islami (JI) should withdraw its preconditions for revival of the alliance of religo-political parties. more... (DT)

GCC

Libya investigates Bani Walid clashes

Libyan Interior Minister Fawzi Abdelali on Tuesday (January 24th) said that while the reasons behind the deadly Bani Walid clashes remained unclear, government forces would strike back if the unrest had indeed been triggered by Moamer Kadhafi loyalists.more... (Zawya)

Readymade garments' market value SR8b

Jeddah -- The market volume of the readymade garments in the Kingdom is estimated at SR 8 billion, Mazen Batarji, deputy chairman Jeddah Chamber of Commerce and Industries. more... (Zawya)

UAE Vice-President visits Arab health expo

His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Thursday visited the 37th Arab Health Exhibition, which concluded on Thursday at the Dubai World Trade Centre. more...(Gulf News)

Compensation fund structure, process highlighted

Bahrain on Thursday highlighted the structure and process of the compensation fund that will assist people who can show they have been affected morally or physically during the unrest. more... (Gulf News)

Quote of the Day:

"If your actions inspire others to dream more, learn more, do more and become more, you are a leader."John Quincy Adams

 
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 27, 2012)
$16.68 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
26-Jan-12
25-Jan-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
77.119
-1.39%
15.04%
14.62%
42.00
     
26-Jan-12
25-Jan-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
848.03
861.95
-13.92

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  
11.90
11.70
11.60
11.60
11.65
11.75
Low  
11.90
11.50
11.50
11.40
11.45
11.60

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
90.90
118.08
1.15
141.07
24.53
1.44
0.79

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.45
11.52
11.60
Last Cut Off.
11.59
11.62
11.72
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.28
12.24
12.24
12.70
10 Y-PIB
12.28
12.22
12.22
12.70

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.97
1.87
1.94
2.09
3.94
8.33
12.22
Change bps
-2.00
-7.00
-4.00
-7.00
0.00
1.00
0.00

Commodities

     
26-Jan-12
27-Jan-12
change
WTI (USD/bbl)    
99.86
99.95
0.09%
     
Brent (USD/bbl)    
110.50
111.11
0.55%
     
Arab Light (USD/bbl)    
113.87
114.59
0.63%

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
49,305.73
49,112.88
0.39%
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
1,721.50
1,715.20
0.37%
Sugar 11 (USD/lb)
24.73
24.51
0.90%
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.