BasedLine

Date: 06-February-2012
KSE-100 Index
Previous Index 11,929.78
Current Index 11,982.62
Change % 0.44%
YTD (CY11) 5.60%
YTD (FY12) -4.11%
KSE-100 Index
Previous Index 21,544.29
Current Index 21,636.68
Change % 0.43%
YTD (CY11) 7.44%
YTD (FY12) 3.35%
International Indicators
 
Close
%age
BSE-30 17,605.00 0.99
HANGSENG 20,757.00 0.08
NIKKEI 225 8,831.93 -0.51
FTSE 5,901.07 1.81
DJIA 12,862.20 1.23
SSEC 2,330.40 0.77
NASDAQ 2,905.66 1.61
 
Close
%age
TASI 6,758.87 0.37
KSE(Kuwait) 5,858.00 0.03
BSE 1,136.59 -0.02
MSM 5,564.09 0.06
ADX 2,477.69 0.04
DFM 1,466.84 2.15
QSE 8,824.09 1.02
Capital Market Overview

Market Watch: Stock market ends the week on a high

The stock market ended the week on a positive note after gaining 0.4% in Friday’s session amid healthy volumes.The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.44 per cent or 52.84 points to end at 11,982.62 point level. more... (ET)

NAVs and Returns
as of February 03, 2012
Funds Offer Redemption
POGSF
10.1042/-
10.1042/-
YTD Return
11.59%
POAIIF
52.2194/-
51.6972/-
YTD Return
12.71%
POAAAF
47.79/-
46.60/-
YTD Return
-7.76%
POIAAF
55.21/-
53.83/-
YTD Return
3.02%
POAF
10.97/-
YTD Return
11.31%
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
33.48
2,879
87.30
3.94
5.60%
KSE30
6.78
583
41.89
3.52
10.60%
KMI30
4.85
417
30.00
2.51
7.44%
KSE All
36.25
3,118
130.42
4.16
5.83%
February 03 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
181.45
117.52
-8.96%
OGDC
16.00
152.88
144.64
-0.07%
UBL
2.00
57.52
45.20
-7.09%
LUCK
1.70
86.45
38.42
22.04%
February 03 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
14.85
-13.80
1.05
Foreign Corporates
399.56
-2,405.70
-2,006.15
Overseas Pakistani
1,810.92
-344.88
1,466.03
Grand Total
2,225.33
-2,764.39
-539.06
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
02-Feb-12
03-Feb-12
Change
Gross Buy
67.56
-49.93%
7.58
-10.32%
3.78
2.23
-41.13%
Gross Sell
-68.19
-0.37%
-7.75
113.17%
-2.65
-2.76
-4.32%
Net Buy/(Sell)
-0.62
-100.91%
-0.17
-103.43
1.13
-0.54
-147.70%
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
20.56
-
-
33.00
-
-
-33.32
0.41
0.09
0.31
Switzerland
19.56
0.35
-
29.46
1.27
-
-10.68
-
0.14
-0.14
UAE
5.74
0.52
-
3.44
4.46
-
-2.16
0.59
-
0.59
UK
35.20
0.16
-
105.31
0.29
3.47
-73.74
1.28
0.13
1.15
USA
116.64
-
-
202.08
-
19.06
-104.49
0.99
1.47
-0.48
Total
240.68
3.72
-
434.56
6.02
29.22
-225.93
3.53
1.83
1.70
News Clippings
Economy

Rs1.1bn loans written off

The government has written off loans of about Rs1.1 billion in Malakand, Swat, Buner and Chitral districts through budgetary support under fiscal relief for Khyber-Pahtunkhwa, FATA and PATA.. more... (D)

Weekly inflation up


Weekly inflation increased by 8.55 per cent during the week ended on February 2 over the corresponding period last year, mainly driven by oil and food prices. more... (D)

EU package to boost textile exports: Gilani


Prime Minister Yousuf Raza Gilani has praised the European Union for securing a waiver on preferential trade package from the World Trade Organisation, allowing import of 75 products duty free from Pakistan to the 27-member European bloc. more... (D)

Rise in fuel products prices affecting vehicles’ demand


Recent rise in the rates of fuel products of automobiles might affect another 10 percent decrease to automobile sales after 12 percent decrease in past months due to the ban on the import of CNG kits and rising prices of vehicles. more... (DT)

Company & Sector Update

Incoming: Japan group considering investing $40m in Karachi


An investor group of Japan is considering investing more than $40 million in information technology and wind energy in Karachi and the proposal comes right after completion of a $10 million investment by the group in an IT park in the city. more... (ET)

Unlimited for a price: PTCL to charge Rs5,000 from users exceeding 300GB limit

Pakistan Telecommunication Company Limited (PTCL) has imposed a surcharge of Rs5,000 on its DSL customers who exceed 300 gigabytes in downloads per month with effect from February 1, The Express Tribune learnt on Friday. more... (ET)

Iranian moves hurting kinno exports


The Iranian government has refused to renew import permits for Pakistani citrus and raised customs duty manifold making kinno export to Tehran unviable. more... (D)

LPG becomes most expensive fuel in country

As the price of Liquefied Petroleum Gas (LPG) is increased by Rs15 per kilogram to reach a new high ever, the industry players have blamed the government for imposing more than Rs11 per kg as petroleum levy on LPG. more... (D)

Political

CJP takes suo motu notice of Domki's family murder

Chief Justice Supreme Court of Pakistan Iftikhar Mohammed Chaudhry has taken suo motu notice of the murder of MPA Balochistan Bakhtiar Domki’s wife and daughter, Express News reported on Sunday. more... (ET)

Another Islami Jamhoori Ittehad on the cards for PML-N?

As the country braces for fresh parliamentary polls later this year, former premier Nawaz Sharif has decided to break open his bag of tricks from his glory days. more... (ET)

CM Punjab should resign: Hashmi

Central leader Pakistan Tehreek-e-Insaf (PTI) Mukhdoom Javed Hashmi said that Chief Minister Punjab Mian Muhammad Shahbaz Sharif should accept responsibility of deaths of patients due to sub-standard medicines. more... (D)

Wasan urges steps to redress public complaints

Sindh Home Minister Manzoor Hussain Wasan has directed staff of complaint centre established at his office to take all out steps to readdress public complaints and make the whole procedure totally impartial in this regard so that the complainants could be provided justice immediately .more... (DT)

GCC

Dh1b lost to corruption — watchdog

As much as Dh1 billion of misappropriated public funds, forgery, fraud and bribery cases were reported in 2010, according to the State Audit Institution (SAI), the UAE’s anti-corruption watchdog.more... (Zawya)

Red carpet for Gulf firms

Companies owned by GCC nationals other than UAE citizens and located anywhere in the Gulf will be allowed to open UAE branches with minimum paperwork and receive the same privileges granted to national-owned firms, according to a decision taken by the UAE Cabinet. more... (Zawya)

New decision aims to improve investment environment

Branches of companies from GCC countries — Saudi Arabia, Kuwait, Oman, Bahrain and Qatar — will have the same rights as those of UAE companies, WAM reported yesterday, following meeting of the UAE cabinet chaired by His Highness Shaikh Mohammad Bin Rashid Al Maktoum. more...(Gulf News)

UAE firms 'may lose out to foreign competitors'

The UAE government should cut costs and fees for local manufacturers to prevent them from losing out to competitors elsewhere in the Gulf, a top businessman has urged. more... (Gulf News)

Quote of the Day:

"Great spirits have often encountered violent opposition from weak minds."Albert Einstein

 
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
03-Feb-12
2-Feb-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
77.253
2.22%
14.63%
15.28%
-65.50
     
03-Feb-12
2-Feb-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
827.93
850.04
-22.12

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.52
11.54
11.58
11.66
Offer
12.02
11.79
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
11.70
11.75
11.70
11.75
11.80
Low  
11.75
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
90.80
119.60
1.20
143.80
24.70
1.40
0.77

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.62
11.68
11.76
Last Cut Off.
11.59
11.62
11.72
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.44
12.40
12.41
12.70
10 Y-PIB
12.55
12.50
12.48
12.70

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.97
1.93
1.92
2.18
3.80
8.17
12.50
Change bps
2.00
8.00
9.00
9.00
10.00
3.40
2.00

Commodities

     
03-Feb-12
06-Feb-12
change
WTI (USD/bbl)    
96.46
97.41
0.98%
     
Brent (USD/bbl)    
112.39
114.52
1.90%
     
Arab Light (USD/bbl)    
112.54
114.88
2.08%

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
49,648.58
50,334.28
-1.36%
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
1,735.90
1,759.10
-1.32%
Sugar 11 (USD/lb)
23.94
23.48
1.96%
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.