BasedLine

Date: 31-January-2012
KSE-100 Index
Previous Index 11,960.22
Current Index 11,883.01
Change % -0.65%
YTD (CY11) 4.72%
YTD (FY12) -4.91%
KSE-100 Index
Previous Index 21,826.20
Current Index 21,657.37
Change % -0.77%
YTD (CY11) 7.55%
YTD (FY12) 3.44%
International Indicators
 
Close
%age
BSE-30 16,863.30 -2.15
HANGSENG 20,160.40 -1.66
NIKKEI 225 8,793.05 -0.54
FTSE 5,671.09 -1.09
DJIA 12,653.70 -0.05
SSEC 2,319.12 1.00
NASDAQ 2,811.94 -0.16
 
Close
%age
TASI 6,560.25 0.08
KSE(Kuwait) 5,865.40 0.13
BSE 1,135.56 -0.33
MSM 5,591.27 -0.06
ADX 2,421.68 -0.45
DFM 1,405.61 0.29
QSE 8,491.56 0.61
Capital Market Overview

Market Watch: Stellar earnings fail to excite investors

The stock market started the week on a negative note as investors opted to sell despite corporate giants posting healthy profits.The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.65 per cent or 77.21 points to end at the 11,883.01 point level. more... (ET)

NAVs and Returns
as of January 30, 2012
Funds Offer Redemption
POGSF
10.3350/-
10.3350/-
YTD Return
11.87%
POAIIF
53.4786/-
52.9438/-
YTD Return
12.78%
POAAAF
47.58/-
46.39/-
YTD Return
-8.17%
POIAAF
55.17/-
53.79/-
YTD Return
2.95%
POAF
10.96/-
YTD Return
11.34%
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
55.38
4.91
4.72%
KSE30
6.73
579
39.98
4.75
9.74%
KMI30
4.86
418
31.66
4.01
7.55%
KSE All
35.88
3,086
67.06
4.99
4.77%
January 30 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
169.87
117.03
-14.77%
OGDC
16.00
151.84
144.03
-0.75%
UBL
2.00
57.60
45.01
-6.96%
LUCK
1.70
86.00
38.26
21.40%
January 30 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
45.54
-70.62
-25.09
Foreign Corporates
2,137.13
-1,933.06
-204.07
Overseas Pakistani
347.98
-364.65
-16.67
Grand Total
2,530.65
-2,368.33
162.31
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
27-Jan-12
30-Jan-12
Change
Gross Buy
46.23
-61.69%
46.23
81.43%
1.46
2.53
-73.33%
Gross Sell
-48.98
-18.37%
-48.98
-2.32%
-1.77
-2.37
33.80%
Net Buy/(Sell)
-2.69
-104.33%
-2.69
-89.21
-0.32
0.16
-150.72%
S.C.R.A
Country
During the Period FY12TD
30-01-2012
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
6.42
-
-
11.82
-
-
-5.40
-
-
-
Luxembourg
19.41
-
-
33.00
-
-
-34.81
0.84
0.00
0.84
Switzerland
19.46
0.35
-
28.97
1.27
-
-10.43
-
-
-
UAE
4.93
0.52
-
3.44
4.46
-
-2.97
-
-
-
UK
32.71
0.16
-
104.51
0.29
3.47
-75.03
0.58
0.98
-0.40
USA
114.96
-
-
199.10
-
19.06
-103.20
0.64
1.21
-0.57
Total
232.80
3.72
-
429.64
6.02
29.22
-228.89
2.07
2.20
-0.13
News Clippings
Economy

‘High profits encourage textile industry to shift to Bangladesh’


The main reasons behind the shifting of textile industry to Bangladesh are not electricity and gas outages and power tariffs in Pakistan, but the preferential treatment of Dhaka in the European Union and the United States, says Textile Minister Makhdoom Shahabuddin. .more... (ET)

Tax return filing dips 42pc in 2011


More than 42 per cent taxpayers did not file their income tax returns in the year 2011, leading to a substantial tax evasion owing to negligence of the tax department, it is learnt. more... (D)

Qualifying for IMF’s Special Data Dissemination System


The International Monetary Fund (IMF) has asked Pakistan to compile quarterly numbers of gross domestic product (GDP) growth, and if the country is able to do so, it will qualify for the fund’s data authenticity standard of Special Data Dissemination System. more... (DT)

Sudanese envoy stresses for Pak-Sudan joint trade ventures

Sudan Ambassador to Pakistan Alshafie Ahmad Mohamed on Monday invited Pakistani businessmen to make investment or ink joint ventures with their Sudanese counterparts as the country has unparallel and huge opportunities in Rice, Cement, pharmaceutical, Textile made-ups, food products, poultry and steel sectors.more... (BR)

Company & Sector Update

Corporate results: Fauji Fertilizer profit up two-fold

Despite core business of the fertiliser manufacturer showing a drop in 2011, Fauji Fertilizer Company (FFC) beat all expectations and announced a two-fold increase in net profit to Rs22.5 billion.more... (ET)

Corporate results: Lucky Cement profits double to Rs3b

Net profit rose 107% to Rs3.02 billion during July to December 2011 against Rs1.46 billion in the same period a year back, according to a notice sent to the Karachi Stock Exchange on Tuesday. more... (ET)

Ogra`s move robbed consumers of Rs70 billion


Gas consumers are reported to have suffered a whopping Rs70 billion loss over three years thanks to a single decision of the Oil and Gas Regulatory Authority (Ogra) to hike the prices in a violation of then rules.. more... (D)

Punjab seeks $250m WB loan for water sector

The Punjab government is seeking a loan of $250 million from the International Development Association of the World Bank for a project to improve water productivity in central and southern parts of the province, it is learnt.more... (D)

Political

Ajmal Kasab death penalty appeal adjourned

India’s Supreme Court adjourned an appeal hearing on Tuesday into the death sentence handed down to the lone surviving gunman from the 2008 Mumbai attacks. more... (ET)

Senate election: PPP plans ‘unopposed’ victory from Sindh

President Asif Ali Zardari has asked his party leadership in Sindh to consolidate relations with coalition partners in the province and step up efforts to win seats at the upcoming Senate elections ‘unopposed’. more... (ET)

Peace, love message should be given in Rabi-ul-Awwal’

Muttahida Qaumi Movement (MQM) chief Altaf Hussain has said that the message of peace, love and brotherhood should be preached during the holy month of Rabi-ul-Awwal. “The MQM has been making practical efforts for the religious harmony and unity among the Muslims”, he added. more... (DT)

Court lifts Haqqani travel restrictions

The Supreme Court hearing the controversial memo case lifted on Monday travel restrictions imposed on former ambassador Husain Haqqani on Dec 1 last year and allowed him to go to Washington to meet his family. more... (D)

GCC

UDC announces withdrawal of strategic shareholder

United Development Company (UDC) has announced the withdrawal of a strategic shareholder and said the agenda of the company's extraordinary meeting to be held in February will be amended. more... (Zawya)

Turkey seeks a major role in growth of UAE's non-oil trade

Trade between the UAE and Turkey is expected to more than double by 2015, representatives of both governments said yesterday. more... (Gulf News)

Bigger role for SAMA in capital market supervision

The Saudi Arabian Monetary (SAMASAMA) is to play a bigger role in the supervision of the country's financial sector under a new agreement announced on Sunday. more...(Zawya)

Saudi oil minister reassures on global supply

Ali Naimi, Saudi Arabia's powerful oil minister, has insisted the kingdom will be able to make up for any disruptions to global oil supplies, amid mounting tensions over the European embargo on Iran's oil exports. more... (Zawya)

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 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
30-Jan-12
27-Jan-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
77.163
0.58%
14.64%
14.81%
-16.90
     
30-Jan-12
27-Jan-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
859.90
854.46
5.43

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.51
11.50
11.55
11.64
Offer
12.01
11.75
11.80
12.14

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.90
11.70
11.75
11.60
11.65
11.75
Low  
11.70
11.60
11.50
11.45
11.50
11.60

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
90.65
120.00
1.18
143.00
24.85
1.43
0.78

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.50
11.60
11.66
Last Cut Off.
11.60
11.63
11.73
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.57
12.51
12.24
12.70
10 Y-PIB
12.62
12.58
12.28
12.70

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.97
1.79
1.86
1.99
3.74
8.28
12.58
Change bps
1.00
-7.00
-1.00
-8.00
-1.00
-7.00
30.00

Commodities

     
30-Jan-12
31-Jan-12
change
WTI (USD/bbl)    
99.07
99.31
0.24%
     
Brent (USD/bbl)    
111.08
111.34
0.23%
     
Arab Light (USD/bbl)    
115.05
114.11
-0.82%

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
49,750.58
49,712.01
0.08%
Rice IRRI -6(Rs/100kg)
3,016.00
3,019.00
-0.10%
KCA Cotton (Rs/mound)
5,750.00
5,600.00
2.68%
International
Current
Previous
Change
Coal Spot(USD/ton)
118.80
114.65
3.62%
Gold Futures
1,738.60
1,737.60
0.06%
Sugar 11 (USD/lb)
24.85
24.21
-1.49%
Steel (USD/ton)
669.82
669.04
0.12%
Wheat (CBT) (USD/bu)
644.75
647.25
-0.39%
PTA (USD/ton)
1,205.00
1,155.00
4.33%
Copper (USD/ton)
8,413.25
8,511.25
-1.15%

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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.