BasedLine

Date: 07-February-2012
KSE-100 Index
Previous Index 11,982.62
Current Index 12,136.92
Change % 1.29%
YTD (CY11) 6.96%
YTD (FY12) -2.87%
KSE-100 Index
Previous Index 21,636.68
Current Index 21,858.13
Change % 1.02%
YTD (CY11) 8.54%
YTD (FY12) 4.40%
International Indicators
 
Close
%age
BSE-30 17,707.30 0.58
HANGSENG 20,709.90 -0.23
NIKKEI 225 8,929.20 1.10
FTSE 5,892.20 -0.15
DJIA 12,862.20 1.23
SSEC 2,331.14 0.03
NASDAQ 2,901.99 -0.13
 
Close
%age
TASI 6,738.91 -0.30
KSE(Kuwait) 5,840.20 -0.30
BSE 1,135.84 -0.07
MSM 5,567.73 0.07
ADX 2,475.31 -0.10
DFM 1,476.24 0.64
QSE 8,726.37 0.03
Capital Market Overview

Market Watch: Bourse surges to six-month high

The stock market closed at a six-month high on Monday as investors took activity up a notch on rumours of foreign buying and ease in the circular debt in the next few days. more... (ET)

NAVs and Returns
as of February 06, 2012
Funds Offer Redemption
POGSF
10.1142/-
10.1142/-
YTD Return
11.60%
POAIIF
52.2551/-
51.7325/-
YTD Return
12.65%
POAAAF
47.98/-
46.78/-
YTD Return
-7.40%
POIAAF
55.32/-
53.94/-
YTD Return
3.23%
POAF
10.98/-
YTD Return
11.39%
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
33.91
2,916
131.84
5.21
6.96%
KSE30
6.91
594
59.93
4.60
11.81%
KMI30
4.90
422
42.30
3.40
8.54%
KSE All
36.74
3,159
196.30
5.57
7.25%
February 06 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
181.94
117.52
-8.71%
OGDC
16.00
155.18
144.64
1.43%
UBL
2.00
58.97
45.20
-4.75%
LUCK
1.70
87.60
38.42
23.66%
February 06 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
17.26
-26.94
-9.68
Foreign Corporates
4,253.11
-559.03
3,694.08
Overseas Pakistani
571.64
-621.28
-49.64
Grand Total
4,842.01
-1,207.25
3,634.76
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
03-Feb-12
06-Feb-12
Change
Gross Buy
72.29
-47.95%
12.31
93.82%
2.23
4.84
117.59%
Gross Sell
-69.37
-4.05%
-8.93
-32.26%
-2.76
-1.21
-56.33%
Net Buy/(Sell)
2.86
-95.81%
3.30
-149.45%
-0.54
3.63
-774.27%
S.C.R.A
Country
During the Period FY12TD
03-02-2012
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
20.90
-
-
33.00
-
-
-32.99
0.34
0.01
0.33
Switzerland
19.59
0.35
-
29.46
1.27
-
-10.79
0.03
-
0.03
UAE
5.74
0.52
-
3.44
4.46
-
-2.16
-
-
-
UK
35.35
0.16
-
105.73
0.29
3.47
-74.00
0.14
0.41
-0.27
USA
116.83
-
-
202.26
-
19.06
-104.48
0.19
0.18
0.01
Total
241.38
3.72
-
435.35
6.02
29.22
-226.02
0.70
0.79
-0.09
News Clippings
Economy

Strong words: IMF accuses State Bank of indirectly fueling fiscal deficit

Pakistan's State Bank has become “too accommodative” and the country will miss targets in the wake of deteriorating external account and upcoming elections, says the International Monetary Fund in a strong worded message that is likely to unnerve the market. more... (ET)

Pakistan, Qatar reach agreement for importing 500 million cfpd of LNG


DOHA, QATAR: Pakistan and Qatar on Monday signed agreements to collaborate in multiple areas, mainly the import of Liquefied Natural Gas (LNG) from the Gulf state and cooperation between the two governments on security. more... (ET)

Debt-swap deal for IPPs, OMCs soon


A debt-swap deal with a size of Rs 136 to Rs 138 billion is likely to be finalised within a day or two to provide a balance sheet relief to IPPs and OMCs ahead of second quarter. more... (DT)

Banks hold Rs2.7tr govt papers

Scheduled banks have invested massively in government papers which accounts for 82 per cent of the entire treasury bills and 89 per cent of Islamic Sukuk bonds. more... (D)

Company & Sector Update

Audit report: SSGC suffers Rs36b loss due to corruption, non-recovery

The Auditor General of Pakistan (AGP) has detected 22 cases of fraud, embezzlement, gas theft, irregular appointments and non-recovery of funds, causing a loss of Rs36 billion to Sui Southern Gas Company (SSGC). more... (ET)

State Bank launches survey of SME clusters

The State Bank of Pakistan (SBP) on Monday launched a new project to conduct a survey of 10 important small and medium enterprise (SME) clusters in the country. more... (ET)

How UBL came to dominate investment banking in Pakistan

Of the roughly Rs200 billion worth of private sector investment banking transactions in Pakistan last year, UBL was involved in about three-quarters of them. How did this team of 19 people come to be the largest investment bank in Pakistan? more... (ET)

Advertising business falls as manufacturing slows

The advertising business has started feeling the effects of the economic slowdown with the 40 per cent drop in revenues in the last two years following a sharp decline in advertisements from the industrial sector. more... (ET)

Political

Supreme Court suspends 28 legislators

The government suffered another blow on Monday when the Supreme Court ordered suspension of 28 members of the Senate and national and provincial assemblies elected in by-polls conducted by an Election Commission without meeting the criteria of the 18th Amendment. more... (D)

IP gas project: Alienating US, Pakistan and Iran signal firm resolve

Despite mounting American pressure on Islamabad to abandon the project, Pakistan and Iran vowed to ‘intensify’ work on the multi-billion dollar gas pipeline. more... (ET)

Load shedding ends from today, minister tells NA

The power-starved country received a good news in the Lower House of Parliament on Monday when Minister for Water and Power Syed Naveed Qamar announced that there would be no electricity load shedding across the country from today (Tuesday). more... (DT)

Minister says his resignation won't help PIA

Defence Minister Chaudhry Ahmed Mukhtar admitted in the Senate on Monday that Pakistan International Airlines (PIA) was in a very bad shape but said honest collective efforts, not his resignation, would restore its health. more... (D)

GCC

Youth unemployment in Mena region disturbingly high — UN

A rapid growth in the world's population, coupled with an international financial crisis, have led to a new problem — the highest number of unemployed youth in history, a UN report has revealed. more... (Gulf News)

Greece deal worries send oil below $114

Oil slipped under $114 a barrel yesterday as traders and investors worried that a failure to agree a deal with Greece for a second bailout would suppress demand in the Eurozone, but renewed tensions with Iran kept a floor under prices. more... (Gulf News)

Abu Dhabi investment firm slashes jobs

Investment firm The National Investor (TNI) has shed more than half of its workforce and is planning more job cuts in a bid to reduce costs in response to tough financial markets, several sources told Reuters yesterday. more...(Gulf News)

Gulf debt sales post 34% jump

The total amount outstanding of corporate and sovereign bonds issued by GCC entities stood at $181.9 billion (Dh667.93 billion) as of December 31, according to a new report. more... (Gulf News)

Quote of the Day:

" If you're attacking your market from multiple positions and your competition isn't, you have all the advantage and it will show up in your increased success and income." Jay Abraham

 
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
06-Feb-12
03-Feb-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
77.712
0.59%
14.46%
14.63%
-17.20
     
06-Feb-12
03-Feb-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
831.54
827.93
3.61

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.52
11.55
11.58
11.67
Offer
12.02
11.80
11.83
12.17

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  
11.75
11.65
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
119.20
1.19
143.70
24.95
1.39
0.77

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.63
11.68
11.76
Last Cut Off.
11.60
11.63
11.73
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.45
12.40
12.40
12.70
10 Y-PIB
12.60
12.53
12.50
12.70

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.98
1.89
1.92
2.16
3.84
8.18
12.53
Change bps
1.00
-4.00
0.00
-2.00
4.00
1.80
3.00

Commodities

     
06-Feb-12
07-Feb-12
change
WTI (USD/bbl)    
97.41
96.81
-0.62%
     
Brent (USD/bbl)    
114.52
115.73
1.06%
     
Arab Light (USD/bbl)    
114.88
116.55
1.45%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
103.46
98.82
4.70%
Furnace Oil (Rs/ton)
80,370.60
78,841.72
1.94%
Cement (Rs. Bag Avg)
423.00
422.50
0.12%
Urea Fertilizer (Rs/bag)
1,775.83
1,742.08
1.94%
Gold 24cr (Rs./10gm) Khi
49,284.31
49,648.58
-0.73%
Rice IRRI -6(Rs/100kg)
3,029.00
3,012.00
0.56%
KCA Cotton (Rs/mound)
5,750.00
5,600.00
2.68%
International
Current
Previous
Change
Coal Spot(USD/ton)
118.95
118.80
0.13%
Gold Futures
1,722.60
1,735.90
-0.77%
Sugar 11 (USD/lb)
24.50
23.94
2.34%
Steel (USD/ton)
673.42
673.06
0.05%
Wheat (CBT) (USD/bu)
668.50
660.75
1.17%
PTA (USD/ton)
1,215.00
1,205.00
0.83%
Copper (USD/ton)
8,474.25
8,539.00
-0.76%

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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.