BasedLine

Date: 08-February-2012
KSE-100 Index
Previous Index 12,136.92
Current Index 12,284.62
Change % 1.22%
YTD (CY11) 8.26%
YTD (FY12) -1.69%
KSE-100 Index
Previous Index 21,858.13
Current Index 21,017.47
Change % 0.73%
YTD (CY11) 9.33%
YTD (FY12) 5.16%
International Indicators
 
Close
%age
BSE-30 17,622.40 -0.48
HANGSENG 20,699.20 -0.05
NIKKEI 225 8,917.52 -0.13
FTSE 5,890.26 -0.03
DJIA 12,878.20 0.26
SSEC 2,331.14 0.03
NASDAQ 2,904.08 0.07
 
Close
%age
TASI 6,743.55 0.07
KSE(Kuwait) 5,827.20 -0.22
BSE 1,134.46 -0.12
MSM 5,590.60 0.41
ADX 2,468.67 -0.27
DFM 1,474.06 -0.15
QSE 8,687.38 -0.45
Capital Market Overview

Market Watch: Bourse continues upward march led by oil stocks

The stock market continued its upward march on Tuesday led by the oil sector amid rumours of foreign buying.The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 1.22 per cent or 147.70 points to end at the 12,284.62 point level. more... (ET)

NAVs and Returns
as of February 07, 2012
Funds Offer Redemption
POGSF
10.1156/-
10.1156/-
YTD Return
11.57%
POAIIF
52.2672/-
51.7445/-
YTD Return
12.63%
POAAAF
48.15/-
46.95/-
YTD Return
-7.07%
POIAAF
55.42/-
54.03/-
YTD Return
3.41%
POAF
10.99/-
YTD Return
11.38%
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
34.32
2,952
123.96
4.91
8.26%
KSE30
6.96
599
56.27
4.20
12.67%
KMI30
4.94
425
38.50
2.75
9.33%
KSE All
37.18
3,197
162.12
5.21
8.54%
February 07 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
182.41
117.52
-8.47%
OGDC
16.00
158.62
144.64
3.68%
UBL
2.00
59.52
45.20
-3.86%
LUCK
1.70
88.65
38.42
25.14%
February 07 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
19.89
-73.81
-53.92
Foreign Corporates
1,368.01
-630.74
737.27
Overseas Pakistani
202.70
-462.91
-260.22
Grand Total
1,590.60
-1,167.46
423.14
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
06-Feb-12
07-Feb-12
Change
Gross Buy
72.29
-47.95%
13.87
4.86%
4.84
1.59
-67.15%
Gross Sell
-69.37
-4.05%
-10.07
20.27%
-1.21
-1.17
-3.30%
Net Buy/(Sell)
2.86
-95.81%
3.71
-25.24%
3.63
0.42
-88.36%
S.C.R.A
Country
During the Period FY12TD
07-02-2012
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
-
-
11.86
-
-
-4.25
-
0.04
-0.04
Luxembourg
20.90
-
-
33.00
-
-
-32.99
-
-
-
Switzerland
19.59
0.35
-
29.49
1.27
-
-10.82
-
0.04
-0.04
UAE
5.78
0.52
-
3.44
4.46
-
-2.12
0.04
-
0.04
UK
36.67
0.16
-
106.09
0.29
3.47
-73.04
1.32
0.36
0.96
USA
118.15
-
-
203.16
-
19.06
-104.06
1.32
0.90
0.42
Total
244.08
3.72
-
436.68
6.02
29.22
-224.65
2.70
1.33
1.37
News Clippings
Economy

Gold price slips

Gold price slipped by Rs 85 to close at Rs 50,057 per 10 grams in the local market Tuesday as its international price improved to $1,718 an ounce, market sources said. more... (N)

Pakistan committed to gas plan: president


President Asif Ali Zardari told an Iranian delegation on Tuesday that Pakistan was committed to an early implementation of Iran-Pakistan gas pipeline project. more... (D)

UAE to announce projects in Pakistan


Consul General of UAE, Suhail Bin Matar Al Ketbi during a meeting with members of Karachi Chamber of Commerce and Industry (KCCI) said UAE was in a state to explore the potential in some other sectors and enhance the bilateral trade. more... (DT)

Rupee weakens against dollar

In the currency market, the rupee ended weaker at 90.62/67 to the dollar on Tuesday, compared with Monday’s close of 90.50/56 due to increased import payments, particularly oil. Dealers said they were also cautious after the IMF advised Pakistan to take immediate steps to tackle growing budget pressures and raise interest rates to contain inflation. more... (N)

Company & Sector Update

Indus Motors increases car prices

The Indus Motor Company, in barely two months since its last price shift, has once again decided to increase prices on seven of its car models in the range of 23000-50000 per car. Due to the latest price revision, the modest Cuore CL STD will cost an additional Rs23,200 to buyers, while the new Toyota XLI Ecotec saloon is Rs53,500 dearer. more... (ET)

SSGC removes illegal connections in surprise raids

Sui Southern Gas Company (SSGC) has said that it has removed 400 illegal gas connections in Mehran Town of Korangi in surprise raids conducted as part of a campaign against gas theft in Sindh and Balochistan. more... (ET)

Govt rules out reversal of oil price hike

The government ruled out on Tuesday reversal of recent increase in the prices of petroleum products, saying that it was indexed and linked to the international prices and there was no way the equation could be changed. more... (D)

Cement sector continues to operate below capacity

Cement manufacturers continue to operate below 70 percent installed capacity in January 2012 as well as in first six months of this fiscal due to which they could not pass on the high production cost to the consumers.more... (D)

Political

20th amendment talks: Govt, opposition close in on deal

Faced with the Supreme Court’s decision to suspend 28 parliamentarians, the government and opposition have to reach a consensus fast, and the second day of negotiations on the 20th amendment subsequently achieved a partial breakthrough. more... (ET)

National Assembly: New provinces create ruckus again

When the clamour for the creation of new provinces becomes a little louder, National Assembly proceedings, inevitably, tend to veer in another direction. more... (ET)

Appeal filed against PM contempt charges

An intra-court appeal requesting the Supreme Court to suspend its decision of framing contempt charges against Prime Minister Yousuf Raza Gilani was filed on Wednesday, DawnNews reported. more... (D)

PPP, PML-N fail to bridge differences over caretaker set-up

The deadlock between the ruling Pakistan People’s Party and the main opposition Pakistan Muslim League-Nawaz on the 20th Constitution Amendment Bill persisted on Tuesday as the two sides stuck to their stances on a caretaker set-up for holding general elections. more... (D)

GCC

Arab Bank Group ups net income by 13% to $305.9m

The press statement indicated that net operating income before provisions and taxes stood at $922 million noting that "the 2011 favourable results were achieved despite the challenging general conditions in the Arab region and other areas of the world and in particular the eurozone. more... (Zawya)

Economic upturn boosts Saudi bourse

An economic upturn triggered by high oil prices and massive public spending is keeping Saudi bourse at high levels with the index climbing on Sunday to its highest point in more than a year, a key Saudi bank said on Tuesday. more... (Zawya)

Credit profiles to be ready in six months

Credit profiles for individuals and companies will be made available to creditors within six months, the Federal National Council was told on Tuesday. more...(Gulf News)

Emirates raising Dh1.9b for new jets

Emirates airline is in the process of raising Dh1.9 billion ($517 million) in Islamic funding to finance three aircraft. more... (Gulf News)

Quote of the Day:

" Always bear in mind that your own resolution to succeed is more important than any other" Abraham Lincoln

 
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
07-Feb-12
06-Feb-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
77.291
-0.54%
14.62%
14.46%
16.70
     
07-Feb-12
06-Feb-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
836.18
831.54
4.64

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.52
11.56
11.60
11.69
Offer
12.02
11.81
11.85
12.19

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  
11.50
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
90.80
119.60
1.19
143.80
24.75
1.39
0.77

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.64
11.72
11.81
Last Cut Off.
11.59
11.62
11.72
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.47
12.42
12.40
12.70
10 Y-PIB
12.65
12.58
12.53
12.70

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.98
1.96
1.97
2.22
3.95
8.19
12.58
Change bps
0.00
7.00
5.00
6.00
11.00
0.40
5.00

Commodities

     
07-Feb-12
08-Feb-12
change
WTI (USD/bbl)    
96.81
98.95
2.21%
     
Brent (USD/bbl)    
115.73
115.96
0.20%
     
Arab Light (USD/bbl)    
116.55
116.00
-0.47%

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
50,065.14
49,284.31
1.58%
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
1,749.10
1,722.60
1.54%
Sugar 11 (USD/lb)
24.40
24.50
-0.41%
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.