BasedLine

Date: 02-February-2012
KSE-100 Index
Previous Index 11,874.89
Current Index 11,930.55
Change % 0.47%
YTD (CY11) 5.14%
YTD (FY12) -4.53%
KSE-100 Index
Previous Index 21,622.44
Current Index 21,690.75
Change % 0.32%
YTD (CY11) 7.71%
YTD (FY12) 3.60%
International Indicators
 
Close
%age
BSE-30 17,300.58 0.62
HANGSENG 20,333.37 -0.08
NIKKEI 225 8,809.79 0.08
FTSE 5,790.72 1.92
DJIA 12,716.46 0.66
SSEC 2,282.61 0.33
NASDAQ 2,848.27 1.22
 
Close
%age
TASI 6,663.48 0.57
KSE(Kuwait) 5,853.60 -0.26
BSE 1,136.83 -0.26
MSM 5,560.78 -0.01
ADX 2,466.06 0.49
DFM 1,453.53 1.24
QSE 8,570.41 0.03
Capital Market Overview

Market Watch: Bourse gains amid healthy session

The stock market witnessed healthy activity on Wednesday amid higher volumes.The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.47 per cent or 55.66 points to end at the 11,930.55 point level. more... (ET)

NAVs and Returns
as of February 01, 2012
Funds Offer Redemption
POGSF
B.C
B.C
YTD Return
B.C
POAIIF
B.C
B.C
YTD Return
B.C
POAAAF
47.53/-
46.34/-
YTD Return
-8.27%
POIAAF
55.10/-
53.72/-
YTD Return
2.81%
POAF
10.97/-
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
33.33
2,866
63.24
3.20
5.14%
KSE30
6.76
582
32.75
2.91
10.24%
KMI30
4.86
418
28.25
2.54
7.71%
KSE All
36.03
3,098
93.44
3.42
5.20%
February 01 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
174.54
117.03
-12.42%
OGDC
16.00
152.93
144.03
-0.04%
UBL
2.00
57.06
45.01
-7.83%
LUCK
1.70
84.53
38.26
19.33%
February 01 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
14.90
-15.67
-0.77
Foreign Corporates
1,708.72
-2,157.97
-449.24
Overseas Pakistani
442.46
-344.41
-98.06
Grand Total
2,166.09
-2,518.04
-351.96
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
31-Jan-12
01-Feb-12
Change
Gross Buy
62.09
-52.35%
59.98
135.39%
14.07
2.17
-84.60%
Gross Sell
-62.89
-5.67%
-60.43
20.53%
-11.72
-2.52
-78.51%
Net Buy/(Sell)
-0.78
-101.20%
-0.45
-98.20
2.34
-0.35
-115.04%
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

CPI inflation soars due to rise in food prices

The Consumer Price Index (CPI) based inflation monitor has judged that CPI inflation has jumped to double digit in January 2012 after an increase of 1.54 percent over the month of December 2011 largely because of spike in the prices of food commodities, according to Pakistan Bureau of Statistics (PBS). more... (DT)

WTO approves EU package for Pakistan


The WTO’s Council for Trade in Goods on Wednesday approved a European Union (EU) waiver on customs duties for 75 items, mostly textile related, from Pakistan to help the country recover from 2010′s floods. more... (D)

Debt Policy Statement 2011-12: Public debt-to-GDP ratio to rise to 65.2% by FY14


The Debt Policy Statement 2011-12 issued by the Ministry of Finance has warned that the public debt-to-gross domestic product (GDP) ratio will increase to 65.2 percent by fiscal year 2014, breaching the maximum limit of 60 percent set by the Fiscal Responsibility and Debt Limitation (FRDL) Act 2005. more... (DT)

Fiscal Policy Statement 2011-12: Fiscal deficit to be higher due to power sector’s bleeding


The Fiscal Policy Statement 2011-12 has pointed out that power sector subsidies amounted to 1.9 percent of the gross domestic product (GDP) in fiscal year 2011 and it shall be even higher in FY 2012 as in addition to tariff differential subsidies. more... (DT)

Company & Sector Update

Corporate results: Attock Group grows across the board.


Attock Group, the only vertically integrated group in the country’s oil and gas sector, announced stellar earnings on Wednesday with all three subsidiaries – petroleum, refinery and cement – showing healthy growth in profits. more... (ET)

Textile industry faces imminent collapse

The textile sector has been forced to shed 60% of its workforce because of restrained productivity due to unscheduled and prolonged gas and electricity outages, according to the Council of Loom Owners Association Chairman Waheed Khaliq Ramay. more... (ET)

FBR plans to link banks with WeBOC


The Federal Board of Revenue (FBR) is soon going to introduce online payment of all duty and taxes at customs stage by linking banks with the auto-clearance Web Based One Customs (WeBOC) system. more... (D)

Japan grants $96,660 for irrigation channel

The government of Japan has decided to extend financial support of $96,660 (approximately Rs 8.3 million) to the NGO RORWALI for the construction of Concrete Irrigation Channel in Village Thakhtabad, District Peshawar, Khyber Pakhtunkhwa.more... (DT)

Political

Gilani contempt case: Ahsan brings CJ’s earlier order to court

To further strengthen his argument in Gilani’s contempt case, Barrister Aitzaz Ahsan on Thursday presented Chief Justice Iftikhar Muhammad Chaudhry’s earlier order which stated that the prime minister is obliged to take advice in all matters before taking any decision. more... (ET)

Firdous’s briefing wrong-foots Malik

The usually bullish Interior Minister, Rehman Malik, had to face embarrassment at a cabinet meeting on Wednesday when he could not come up with a reasonable explanation for an inordinate delay in setting up a madressah regulatory authority. more... (D)

JUI-F demands timeframe for next polls

Jamiat Ulema-e-Islam-Fazl (JUI-F) leader and Senator Maulana Abdul Ghafoor Haideri said on Wednesday that undemocratic forces might take over if the incumbent government does not issue the timeframe for the general elections. more... (DT)

PPP Sindh Council member joins PTI

In the current situation, the Pakistan People’s Party (PPP) is not a party of Shaheed Zulfikar Ali Bhutto, it has been hijacked by Zardari and its regime,” said PPP Sindh Council Member Shereen Khan while announcing to join Pakistan Tehreek-e-Insaf (PTI).more... (DT)

GCC

DIFC Investments needs $900m: S&P's

Due to significant delays in planned disposals, we believe DIFCI will likely require over $900 million of new debt to meet its debt maturities in 2012. We believe, however, that the government will likely support the company to ensure it meets its debt obligations on time and in full," S&P said.more... (Zawya)

Crisis could force Greece out

Greece and the International Monetary Fund (IMF) said yesterday that negotiations over landmark debt deals will be concluded in a "matter of days", raising hopes that the country, along with others stricken with debt in southern Europe, will avoid a potential default. more... (Gulf News)

Tough global markets eat into Waha Capital's profit

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)

MAF Holding raises $400m through sukuk

Majid Al Futtaim (MAF) Holding LLC, sole franchisee of hypermarket chain Carrefour in the Gulf and operator of malls and hotels across the Middle East, raised $400 million (Dh1.47 billion) with its maiden sukuk (Islamic bonds). more... (Gulf News)

Quote of the Day:

"It is the mark of an educated mind to be able to entertain a thought without accepting it."Aristotle

 
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 (Jan-12) 10.1%
   
CPI Gen. - FY11 (Jul 11- Jan 12) 10.7%
   
NFNE Core INFL - YoY (Dec 11) 10.1%
   
NFNE Core INFL -FY11 (Jul 11 - Dec 11) 10.2%

Money Market

 
Price
Change
01-Feb-12
31-Jan-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
75.037
-0.70%
15.49%
15.27%
22.70
     
01-Feb-12
31-Jan-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
846.50
862.06
-15.56

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.52
11.53
11.58
11.66
Offer
12.02
11.78
11.83
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
90.70
119.00
1.19
143.00
24.77
1.41
0.77

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.65
11.70
11.76
Last Cut Off.
11.59
11.62
11.72
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.55
12.52
12.48
12.70
10 Y-PIB
12.60
12.54
12.50
12.70

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.96
1.85
1.84
2.05
3.72
8.14
12.54
Change bps
0.00
6.00
3.00
8.00
4.00
-12.30
4.00

Commodities

     
01-Feb-12
02-Feb-12
change
WTI (USD/bbl)    
98.55
97.51
-1.06%
     
Brent (USD/bbl)    
111.31
111.82
0.46%
     
Arab Light (USD/bbl)    
113.66
112.13
-1.35%

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
50,077.14
49,841.43
0.47%
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)
23.59
23.64
-0.21%
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.