BasedLine

Date: 01-February-2012
KSE-100 Index
Previous Index 11,883.01
Current Index 11,874.89
Change % -0.07%
YTD (CY11) 4.65%
YTD (FY12) -4.97%
KSE-100 Index
Previous Index 21,657.37
Current Index 21,622.44
Change % -0.16%
YTD (CY11) 7.37%
YTD (FY12) 3.28%
International Indicators
 
Close
%age
BSE-30 17,193.60 1.96
HANGSENG 20,390.50 1.14
NIKKEI 225 8,802.51 0.11
FTSE 5,681.61 0.19
DJIA 12,632.90 -0.16
SSEC 2,285.04 -1.46
NASDAQ 2,813.84 0.07
 
Close
%age
TASI 6,626.04 1.00
KSE(Kuwait) 5,869.10 0.06
BSE 1,139.83 0.38
MSM 5,561.44 -0.53
ADX 2,453.98 1.33
DFM 1,435.72 2.14
QSE 8,568.23 0.90
Capital Market Overview

Market watch: Index wanders around the neutral line

The stock market wandered along the neutral line as lack of triggers and no major corporate announcement pushed investors to the sidelines on Tuesday.The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.07 per cent or 8.12 points to end at the 11,874.89 point level. more... (ET)

NAVs and Returns
as of January 31, 2012
Funds Offer Redemption
POGSF
B.C
B.C
YTD Return
B.C
POAIIF
B.C
B.C
YTD Return
B.C
POAAAF
47.50/-
46.31/-
YTD Return
-8.33%
POIAAF
55.08/-
53.70/-
YTD Return
2.78%
POAF
10.96/-
YTD Return
11.32%
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
33.17
2,853
41.53
2.47
4.65%
KSE30
6.73
579
22.75
2.28
9.76%
KMI30
4.85
417
17.54
1.74
7.37%
KSE All
35.85
3,083
60.18
2.57
4.70%
January 31 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
172.83
117.03
-13.28%
OGDC
16.00
152.40
144.03
-0.39%
UBL
2.00
57.36
45.01
-7.35%
LUCK
1.70
84.80
38.26
19.71%
January 31 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
17.93
-23.20
-5.26
Foreign Corporates
13,756.71
-11,366.95
-2,389.76
Overseas Pakistani
294.01
-333.76
-39.75
Grand Total
14,068.65
-11,723.91
2,344.75
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
30-Jan-12
31-Jan-12
Change
Gross Buy
59.98
-52.58%
59.98
135.39%
2.53
14.07
-456.07%
Gross Sell
-60.43
-6.74%
-60.43
20.53%
-2.37
-11.72
394.68%
Net Buy/(Sell)
-0.45
-100.71%
-0.45
-98.20
0.16
2.34
-1,365.47%
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
7.61
-
-
11.82
-
-
-4.21
1.19
-
1.19
Luxembourg
19.41
-
-
33.00
-
-
-34.09
-
0.12
0.12
Switzerland
19.46
0.35
-
28.97
1.27
-
-10.43
-
-
-
UAE
5.04
0.52
-
3.44
4.46
-
-2.86
0.11
-
0.11
UK
32.93
0.16
-
105.01
0.29
3.47
-75.71
0.23
0.50
-0.28
USA
115.26
-
-
199.31
-
19.06
-103.10
0.31
0.21
0.10
Total
234.76
3.72
-
430.53
6.02
29.22
-227.83
1.96
0.90
1.06
News Clippings
Economy

Tax collection falls short of target


Tax collection in January has fallen Rs10 to 16 billion short of the target, which may make it difficult for the government to meet budget estimates. more... (ET)

Pak-China ties: Islamabad gets a slight upper hand in trade


Pakistan-China bilateral trade registered an overall growth of 22% by reaching the mark of $10.6 billion in 2011 with Islamabad achieving a slight upper hand over the world’s largest exporter. more... (ET)

Govt borrowing for budgetary expenditures


The unabated government borrowing from financial system to meet the budgetary expenditures has increased by 136 percent to Rs813.79 billion up to January 20 against Rs344.58 billion a year ago. more... (N)

Urea off-take at lowest ebb


Urea off-take registered sharp decline during the first three months of the current Rabi season, casting a serious doubt on the prospects of harvesting a good production of wheat and other key crops, official data revealed on Tuesday. more... (N)

Company & Sector Update

LPG prices likely to rise Rs15 per kg


Liquefied petroleum gas (LPG) prices are likely to go up by Rs15 per kg in line with Saudi Aramco contract price, which soared to a record high of $1,028 per ton on Monday, up $142 in a month, industry people say. more... (ET)

National Power Construction Company: Privatisation Commission shortlists bidders

The board of the Privatisation Commission on Tuesday declared five interested parties eligible for participating in the bidding for strategic sale of 88 per cent government shares in the National Power Construction Company. more... (ET)

ECC approves sugar export to ward off glut


After lifting the almost entire sugarcane stocks, the government has allowed export of 100,000 tons of sugar to improve sugar industry’s cash flows and ward off a possible glut in the market that may further bring down the retail price. more... (D)

KSE extends trading suspension of 3 companies

The Karachi Stock Exchange (KSE) has extended the suspension period of three companies for another 60 days upon failing to comply with its listing requirements, effective February 2, 2012. more... (BR)

Political

SC resumes contempt hearing against PM

A seven-judge bench of the Supreme Court resumed the hearing of the contempt of court case against Prime Minister Yousuf Raza Gilani on Wednesday, DawnNews reported. more... (D)

Altaf asks people to prepare for self-protection

Deploring that the government and the local administration were not able to provide adequate security to the life and property of the people, Muttahida Qaumi Movement chief Altaf Hussain has said that there is no other option left for the citizens but to “think and prepare themselves for self-protection”. more... (D)

President Karzai to visit Pakistan in mid-Feb

As Pakistan and Afghanistan warm up to each other following almost four months of tensions sparked by the assassination of top peace negotiator Burhanuddin Rabbani, President Hamid Karzai is scheduled to visit Islamabad in February. more... (ET)

PMA condemns doctors’ arrests on incomplete inquiry

The Pakistan Medical Association (PMA) condemned the Federal Investigation Agency (FIA) for arresting and harassing senior doctors of the Punjab Institute of Cardiology (PIC) in the drug reactions case, since the inquiry into the matter stood incomplete as yet. more... (DT)

GCC

Nitaqat program building pressure on employers for speedy Saudization

The implementation of the Kingdom's Nitaqat program will definitely ease pressure on the jobs market for Saudis, but it will take some time for the results to be apparent, Said Al-Shaikh, senior vice president and group chief economist of the National Commercial Bank, said on Tuesday. more... (Zawya)

Foursan Group announces investment in Siniora Food Industries

Foursan's investment in Siniora taps into the defensive nature of the food sector in the region as well as Siniora's top management and positive future growth prospects. more... (Zawya)

Etisalat cuts Gulf roaming tariffs

Etisalat has reduced its GCC roaming tariffs by as much as 26 per cent on outgoing calls made when travelling within the GCC countries, the telecom operator announced in a statement yesterday. more...(Gulf News)

UAE crude output hit 2.58m bpd in December

The UAE's average oil output rose 2.38 per cent in December to 2.58 million barrels per day (bpd) from a month earlier, latest data from the Paris-based International Energy Agency (IEA) showed.more... (Gulf News)

Quote of the Day:

"Stay committed to your decisions, but stay flexible in your approach."Tom Robbins

 
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
31-Jan-12
30-Jan-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
75.569
-2.07%
15.27%
14.64%
62.90
     
31-Jan-12
30-Jan-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
862.06
859.90
2.16

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.52
11.53
11.57
11.66
Offer
12.02
11.78
11.82
12.16

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.90
11.75
11.75
11.70
11.75
11.80
Low  
11.60
11.60
11.60
11.50
11.55
11.60

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
90.65
118.86
1.17
141.73
24.70
1.42
0.78

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.60
11.68
11.72
Last Cut Off.
11.59
11.62
11.72
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.53
12.48
12.51
12.70
10 Y-PIB
12.55
12.50
12.58
12.70

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.96
1.79
1.81
1.97
3.68
8.27
12.50
Change bps
-1.00
0.00
-5.00
-2.00
-6.00
-1.70
-8.00

Commodities

     
31-Jan-12
01-Feb-12
change
WTI (USD/bbl)    
99.31
98.55
-0.77%
     
Brent (USD/bbl)    
111.34
111.31
-0.03%
     
Arab Light (USD/bbl)    
114.11
113.66
-0.39%

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
49,841.43
49,750.58
0.18%
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
1,741.90
1,738.60
0.19%
Sugar 11 (USD/lb)
23.64
23.85
-0.88%
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.