BasedLine

Date: 03-February-2012
KSE-100 Index
Previous Index 11,930.55
Current Index 11,929.78
Change % -0.01%
YTD (CY11) 5.13%
YTD (FY12) -4.53%
KSE-100 Index
Previous Index 21,690.75
Current Index 21,544.29
Change % -0.68%
YTD (CY11) 6.98%
YTD (FY12) 2.90%
International Indicators
 
Close
%age
BSE-30 17,431.80 0.76
HANGSENG 20,739.40 2.00
NIKKEI 225 8,876.82 0.76
FTSE 5,796.07 0.09
DJIA 12,705.40 -0.09
SSEC 2,268.08 -1.06
NASDAQ 2,859.68 0.40
 
Close
%age
TASI 6,663.48 0.57
KSE(Kuwait) 5,856.40 -0.22
BSE 1,136.59 -0.02
MSM 5,564.09 0.06
ADX 2,476.62 0.43
DFM 1,435.96 -1.21
QSE 8,636.37 0.77
Capital Market Overview

Market Watch: Stock market ends range-bound in active session

The stock market closed flat on Thursday in a volatile session with energy sector companies pulling the index strings.The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.01 per cent or 0.77 points to end at the 11,929.78 point level. more... (ET)

NAVs and Returns
as of February 02, 2012
Funds Offer Redemption
POGSF
10.0930/-
10.0930/-
YTD Return
11.43%
POAIIF
52.2071/-
51.6850/-
YTD Return
12.73%
POAAAF
47.61/-
46.42/-
YTD Return
-8.12%
POIAAF
55.03/-
53.65/-
YTD Return
2.86%
POAF
10.97/-
YTD Return
11.29%
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
2,867
81.95
4.71
5.13%
KSE30
6.76
582
45.69
4.33
10.26%
KMI30
4.83
416
28.26
2.62
6.98%
KSE All
36.06
3,101
107.72
4.88
5.27%
February 02 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
180.34
117.03
-9.51%
OGDC
16.00
152.41
144.03
-0.38%
UBL
2.00
57.58
45.01
-6.99%
LUCK
1.70
83.95
38.26
18.51%
February 02 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
97.32
-18.78
78.54
Foreign Corporates
3,219.12
-2,187.96
1,031.16
Overseas Pakistani
462.33
-443.51
18.82
Grand Total
3,778.76
-2,650.25
1,128.51
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
01-Feb-12
02-Feb-12
Change
Gross Buy
65.79
-50.78%
59.98
135.39%
2.17
3.78
-74.45%
Gross Sell
-65.48
-2.90%
-60.43
20.53%
-2.52
-2.65
-5.25%
Net Buy/(Sell)
-0.29
-99.57%
-0.45
-98.20
-0.35
1.13
-420.64%
S.C.R.A
Country
During the Period FY12TD
02-02-2012
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
-
-
-
Luxembourg
20.16
-
-
33.00
-
-
-33.63
0.08
0.28
-0.20
Switzerland
19.56
0.35
-
29.32
1.27
-
-10.68
-
0.35
-0.35
UAE
5.16
0.52
-
3.44
4.46
-
-2.75
-
-
-
UK
33.93
0.16
-
105.18
0.29
3.47
-74.88
0.02
0.01
0.01
USA
115.66
-
-
200.61
-
19.06
-104.01
0.39
0.74
-0.35
Total
237.15
3.72
-
432.73
6.02
29.22
-227.63
0.49
1.47
-0.98
News Clippings
Economy

FBR collects Rs 972 billion during last seven months: Shaikh

The Federal Board of Revenue (FBR) has collected Rs 972 billion as tax during the last seven months, Minister for Finance Dr Hafeez Shaikh Thursday told the National Assembly. more... (D)

Forex reserves rise to $16.87bn


Pakistan’s foreign exchange reserves rose marginally to $16.87 billion in the week ending January 27, boosted by an increase in commercial bank reserves, from $16.80 billion in the previous week, the central bank said on Thursday. more... (DT)

Debt Policy Statement 2011-12: Government might continue to borrow from SBP


The Debt Policy Statement 2011-12 has hinted that the government will be forced to continue borrowing from the State Bank of Pakistan (SBP), which will not only be inflationary but also complicate management of monetary policy and keep the domestic interest rates on the higher side. more... (DT)

ICAP taxation committee proposes changes to income tax law


Members of the taxation committee of the Institute of Chartered Accountants of Pakistan (ICAP), ICAP members and representatives of the corporate sector agreed on Thursday to press the government for an early resolution of withholding agents’ problems, which they face while dealing with government-controlled organisations. more... (ET)

Company & Sector Update

Corporate results: Pakistan Oilfields posts below par profit


The result is at least 13% lower than estimated earnings as analysts expected net profit to stand, on average, around Rs7 billion. Attock Group‘s oil and gas exploration wing did still put in a healthy performance. more... (ET)

Energy shortage: PM directs swift LNG imports to cover fuel deficit

With gas imports from Iran and Turkmenistan nowhere close to beginning, the prime minister has asked the Ministry of Petroleum and Natural Resources to accelerate efforts for import of liquefied natural gas (LNG) to meet a deficit of more than two billion cubic feet per day. more... (ET)

EU waiver to propel textile exports, GSP plus to be next objective for Pakistan


With World Trade Organization's (WTOs) approval on unilateral trade liberalization from the European Union, Pakistan now eyes on roping in Generalized System of Preference (GSP) Plus status to enhance its exports with reduced duty rates to the EU Markets, official sources said. more... (BR)

Petroleum ministry not empowered to fix prices: Asim Hussain

Minister for Petroleum and Natural Resources Dr Asim Hussain on Thursday said that the ministry of petroleum was not empowered to ramp up the prices of petroleum products.more... (D)

Political

Altaf fears political martyrdoms ahead

Amidst another brewing controversy, Muttahida Qaumi Movement (MQM) chief Altaf Hussain appealed for ‘patience and restraint’ in the current political scenario, saying he fears ‘political martyrdoms’ in the near future. more... (ET)

PM summoned again: Charged with contempt

The Supreme Court concluded its preliminary hearings on Thursday and has decided it has sufficient cause to summon Prime Minister Yousaf Raza Gilani once again and frame contempt of court charges against him. more... (ET)

Shahbaz sheds some ministries

Criticised by the opposition and questioned by the media for keeping many ministries and departments under himself, Punjab Chief Minister Shahbaz Sharif has decided to share some of his responsibilities with colleagues in the cabinet. more... (D)

Alleged blasphemous remarks: Court withholds minister’s plea against Zulfiqar Mirza

Additional District and Session Judge (ADJ), Karachi South on Thursday withheld an application pertaining to blasphemous remarks case against former Sindh home minister Dr Zulfiqar Mirza filed by Sindh Commerce and Industries Minister Rauf Siddiqui till the Sindh High Court (SHC) gives decision on the similar petition, also filed by Siddiqui.more... (DT)

GCC

Cairo shares plunge 2.22% at close, off lows

CAIRO, Feb 02, 2012 (AFP) - Cairo stocks recovered some of their heavy losses on Thursday but still closed down 2.22 percent, a day after violence at a football stadium in Port Said killed 74 people.more... (Zawya)

Tadawul announces the addition of the IPO shares of Takween Advanced Industries Company (Takween)

Announces that the IPO shares of Takween Advanced IndustriesTakween Advanced IndustriesTakween Advanced Industries . more... (Zawya)

Saudi contribution to IMF faces tough sell

International Monetary Fund managing director Christine Lagarde faces a tough but not impossible sell when she visits Saudi Arabia today to discuss a contribution from the oil-rich kingdom to the IMF's $500 billion (Dh1.83 trillion) fundraising effort to fight the European debt crisis. more...(Gulf News)

Lower roaming rates likely to hurt telecom operators

Reduced roaming rates for voice calls across the Gulf Cooperation Council (GCC) countries will have a negative impact on all telecoms operators in the region, said research company Moody's Investors Service in a statement published yesterday. more... (Gulf News)

Quote of the Day:

"Sometimes when people are under stress, they hate to think, and it’s the time when they most need to think."Bill Clinton

 
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)
$16.87 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
02-Feb-12
1-Feb-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
75.575
0.72%
15.28%
15.49%
-21.00
     
02-Feb-12
1-Feb-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
850.04
846.50
3.54

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.52
11.54
11.59
11.66
Offer
12.02
11.79
11.84
12.16

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

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
90.75
119.40
1.20
143.09
24.78
1.40
0.77

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.62
11.67
11.75
Last Cut Off.
11.59
11.62
11.72
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.44
12.41
12.52
12.70
10 Y-PIB
12.52
12.48
12.54
12.70

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.95
1.85
1.83
2.09
3.70
8.13
12.48
Change bps
-1.00
0.00
-1.00
4.00
-2.00
-1.30
-6.00

Commodities

     
02-Feb-12
03-Feb-12
change
WTI (USD/bbl)    
97.51
96.46
-1.08%
     
Brent (USD/bbl)    
111.82
112.39
0.51%
     
Arab Light (USD/bbl)    
112.13
112.54
0.37%

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
50,334.28
50,077.14
0.51%
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
1,759.10
1,750.60
0.49%
Sugar 11 (USD/lb)
23.48
23.59
-0.47%
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.