BasedLine

Date: 30-January-2012
KSE-100 Index
Previous Index 11,883.92
Current Index 11,960.21
Change % 0.64%
YTD (CY11) 5.40%
YTD (FY12) -4.29%
KSE-100 Index
Previous Index 21,610.21
Current Index 21,826.20
Change % 1.00%
YTD (CY11) 8.38%
YTD (FY12) 4.25%
International Indicators
 
Close
%age
BSE-30 17,234.00 0.92
HANGSENG 20,501.70 0.31
NIKKEI 225 8,841.22 -0.09
FTSE 5,733.45 -1.07
DJIA 12,660.50 -0.58
SSEC 2,319.12 1.00
NASDAQ 2,816.55 0.40
 
Close
%age
TASI 6,554.77 0.27
KSE(Kuwait) 5,857.60 0.09
BSE 1,139.28 0.12
MSM 5,594.37 -0.03
ADX 2,432.61 1.78
DFM 1,401.56 -0.30
QSE 8,440.11 0.06
Capital Market Overview

Weekly review: Bourse shows glimpses of glory days

The stock market showed glimpses of its lost glory days following the government’s decision to relax capital gains tax over the weekend as average volumes surged to triple figures after more than a year.The benchmark KSE-100 index climbed by 1.6 per cent or 186 points during the week ended January 27. more... (ET)

NAVs and Returns
as of January 27, 2012
Funds Offer Redemption
POGSF
10.3322/-
10.3322/-
YTD Return
12.02%
POAIIF
53.4403/-
52.9059/-
YTD Return
12.84%
POAAAF
47.78/-
46.59/-
YTD Return
-7.78%
POIAAF
55.49/-
54.10/-
YTD Return
3.54%
POAF
10.96/-
YTD Return
11.45%
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
33.41
2,873
63.86
4.16
5.40%
KSE30
6.76
581
50.36
3.98
10.19%
KMI30
4.89
421
41.19
3.30
8.38%
KSE All
36.11
3,106
75.60
4.27
5.46%
January 27 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
167.46
117.03
-15.98%
OGDC
16.00
152.12
144.03
-0.57%
UBL
2.00
56.47
45.01
-8.79%
LUCK
1.70
87.03
38.26
22.85%
January 27 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
41.69
-17.57
24.12
Foreign Corporates
1,023.96
-1,428.69
-404.74
Overseas Pakistani
392.44
-327.38
65.06
Grand Total
1,458.08
-1,773.64
-315.56
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
26-Jan-12
27-Jan-12
Change
Gross Buy
43.75
-62.51%
43.75
79.03%
2.70
1.46
-46.00%
Gross Sell
-46.66
-18.33%
-46.66
-3.27%
-0.49
-1.77
261.97%
Net Buy/(Sell)
-2.84
-104.66%
-2.84
-88.19
2.21
-0.32
-114.28%
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
-
-
-5.40
0.13
-
0.13
Luxembourg
16.14
-
-
33.00
-
-
-34.81
2.43
0.00
2.43
Switzerland
19.25
0.35
-
28.97
1.27
-
-10.43
0.21
0.33
0.21
UAE
4.69
0.52
-
3.44
4.46
-
-2.97
0.24
-
0.24
UK
31.38
0.16
-
103.53
0.29
3.47
-75.03
0.74
1.25
-0.51
USA
113.38
-
-
197.89
-
19.06
-102.63
0.94
6.90
-5.96
Total
226.03
3.72
-
427.43
6.02
29.22
-228.76
4.70
8.17
-3.47
News Clippings
Economy

SBP First Quarterly Report: ‘The govt has no plan, but we are cautiously optimistic’


While the State Bank of Pakistan’s first quarterly report for the fiscal year 2012 paints a cautiously optimistic picture of the state of the economy, it seems to emphasise the government’s relative lack of a strategy in actually improving the state of the nation’s economic health .more... (ET)

FBR faces uphill task of collecting Rs54b in five days


As uncertainty looms over appointment of a new chairman, the Federal Board of Revenue (FBR) is facing a gigantic task of collecting Rs54 billion in taxes in five days to keep pace with the first half as a failure is likely to widen the gap between income and expenses of the country. more... (ET)

Rise in bank borrowings


According to the weekly statement of position of all scheduled banks for the week ended January 13, deposits and other accounts of the scheduled banks decreased in the current week and stood at Rs5651.6bn, smaller by Rs25.4bn over preceding week’s figure of Rs5677.0bn. more... (D)

Rupee stable

There was no rush for dollar purchases this week. The week commenced on a negative note on the interbank market where the rupee lost five paisa versus dollar and traded at Rs90.17 and Rs90.20 in the opening session against last week close of Rs90.12 and Rs90.15.more... (D)

Company & Sector Update

Export of traditional items up by 15.66 per cent

Pakistan’s export of traditional products went up by 15.66 per cent to $5.273 billion in the first half of the current financial year against $4.559 billion over the corresponding period of last year, mainly due to eatable products specially wheat. more... (D)

Thar Coal – Energy security for Pakistan

Discovered accidentally in the year 1989, during an exploration project of defunct SAZDA (Sindh Arid Zone Development Authority) to find drinkable water in the desert, Thar Coal has remained a matter of active national debate.more... (ET)

Fertiliser client list critical for $700m US funding


From compiling a customer list of a particular fertilizer plant in Pakistan to other measures, the US and Pakistan governments are working closely to ensure the continuation of the US $700 million funding tied to the certification of US Congress that Pakistan is making progress on counter-terrorism efforts, including the production of Improvised Explosive Devices. . more... (N)

Iran says oil price could reach $150 per barrel on EU embargo

Iran said on Sunday that oil prices could reach $150 per barrel as a result of the European Union's ban on imports of oil from the country, deputy oil minister was quoted as saying by the official IRNA news agency. more... (N)

Political

SC gives memo commission two more months to finish work

Headed by Chief Justice Iftikhar Mohammad Chaudhry, a nine-judge Supreme Court bench resumed the hearing on the petitions of PML-N chief Nawaz Sharif and others on the secret memo reportedly sent by then ambassador to US Husain Haqqani to former US joint chiefs of staff Admiral Mike Mullen to pre-empt a military takeover. more... (D)

Sunni Tehrik becomes a political party

The Sunni Tehrik, hitherto known as a religious organisation, announced on Sunday that it was converting itself into a political party to be called Pakistan Sunni Tehrik (PST). more... (D)

Back on track?: Islamabad, Kabul move to revive peace commission

Islamabad will seek the revival of the Pak-Afghan joint peace commission when Foreign Minister Hina Rabbani Khar visits Kabul this week.Khar will visit Kabul on February 1 and call on Afghan President Hamid Karzai, confirmed Afghan ambassador in Islamabad, Omar Daudzai. more... (ET)

Fake medicines case: Doctors threaten strike as authorities ‘crack down’

Lahore geared up for another battle on Sunday as the witch-hunt proceeded in the fake medicine case. A doctors’ association threatened to go on a strike against their colleagues’ arrests as authorities detained medical staff in their ‘crackdown. more... (ET)

GCC

BankDhofar profit drops 58% on legal provision

In its disclosure to the Muscat Securities Market (MSM) on Thursday, the bank said net profit declined to RO13.98mn in 2011 compared to RO33.28mn in the previous year. The lender reported an impressive growth in its loan book, with net loans and advances rising 18.5 per cent to RO1.49bn in 2011.more... (Zawya)

OHB approved loans worth

The bank provided 132 loans for the citizens in the governorate of North Batinah with a value of RO3.3mn. more... (Zawya)

Funding for Abu Dhabi metro approved

The Abu Dhabi Executive Council has approved funding for a metro and light-rail transit system, the new Abu Dhabi-Dubai road and the Mafraq-Ghuwaifat road to the Saudi border, a spokesman for the Department of Transport said. more...(Gulf News)

Dubai industrial city expands its facilities

Dubai Industrial City (DI) yesterday launched the second phase of its Dh750 million ($204.21 million) warehouse and showroom development. more... (Gulf News)

Quote of the Day:

"I hated every minute of training, but I said, “Don’t quit. Suffer now and live the rest of your life as a champion."Muhammad Ali

 
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
27-Jan-12
26-Jan-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
77.119
-1.39%
15.04%
14.62%
42.00
     
27-Jan-12
26-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
11.50
11.55
11.65
Offer
11.95
11.75
11.80
12.15

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
90.55
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

     
27-Jan-12
30-Jan-12
change
WTI (USD/bbl)    
99.95
99.07
-0.88%
     
Brent (USD/bbl)    
111.11
111.08
-0.03%
     
Arab Light (USD/bbl)    
114.59
115.05
0.40%

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
49,712.01
49,305.73
0.82%
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)
24.21
24.73
-2.10%
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.