BasedLine

Date: 09-February-2012
KSE-100 Index
Previous Index 12,284.62
Current Index 12,263.25
Change % -0.17%
YTD (CY11) 8.07%
YTD (FY12) -1.86%
KSE-100 Index
Previous Index 22,017.47
Current Index 22,012.76
Change % -0.02%
YTD (CY11) 9.31%
YTD (FY12) 5.14%
International Indicators
 
Close
%age
BSE-30 17,707.30 0.48
HANGSENG 21,018.50 1.54
NIKKEI 225 9,015.59 1.10
FTSE 5,875.93 -0.24
DJIA 12,884.00 0.04
SSEC 2,291.90 -1.68
NASDAQ 2,915.86 0.41
 
Close
%age
TASI 6,797.09 0.79
KSE(Kuwait) 5,850.70 0.40
BSE 1,136.03 0.14
MSM 5,623.50 0.59
ADX 2,464.88 -0.15
DFM 1,482.49 0.57
QSE 8,690.70 0.04
Capital Market Overview

Market Watch: Trade volumes jump to 13-month high

Trade volumes surged to a 13-month high on Wednesday as investors opted to book profits after a gain of around 3% in the last two trading sessions.The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.17 per cent or 21.37 points to end at the 12,263.25 point level. more... (ET)

NAVs and Returns
as of February 08, 2012
Funds Offer Redemption
POGSF
10.1177/-
10.1177/-
YTD Return
11.55%
POAIIF
52.2796/-
51.7568/-
YTD Return
12.61%
POAAAF
47.88/-
46.68/-
YTD Return
-7.60%
POIAAF
55.26/-
53.88/-
YTD Return
3.12%
POAF
10.99/-
YTD Return
11.32%
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
34.26
2,947
137.95
5.43
8.07%
KSE30
6.95
598
65.77
4.68
12.49%
KMI30
4.94
425
48.07
3.37
9.31%
KSE All
37.16
3,195
243.30
5.91
8.47%
February 08 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
179.95
117.52
-9.71%
OGDC
16.00
156.75
144.64
2.46%
UBL
2.00
61.41
45.20
-0.81%
LUCK
1.70
89.63
38.42
26.52%
February 08 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
20.85
-9.08
11.77
Foreign Corporates
1,741.03
-776.97
964.06
Overseas Pakistani
782.66
-1,523.61
-740.94
Grand Total
2,544.55
-2,309.66
234.88
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
07-Feb-12
08-Feb-12
Change
Gross Buy
76.33
-45.97%
16.35
10.47%
1.59
2.54
-60.03%
Gross Sell
-72.76
-2.46%
-12.33
25.89%
-1.17
-2.31
97.41%
Net Buy/(Sell)
3.49
-94.89%
3.93
-23.26%
0.42
0.23
-44.08%
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

SECP for freezing CGT rates till June 2014

Chairman SECP Muhammad Ali has said that under Capital Gains Tax regime, the SECP has locked horns with the FBR to freeze CGT rate at the existing level until June 2014, as to give ample time to investors for entering the capital market who had left it after 2008 crisis and invested in other sources including real estate. more... (N)

Gold glitters at Rs 59,100 a tola


Gold price jumped by Rs 600 to close at Rs 50,657 per 10 grams in the local market Wednesday, market sources said. According to Karachi Sarafa Association official, tola (11.664 grams) price also surged by Rs 700 to close at Rs 59,100. more... (N)

Limiting budget deficit at 5.7% of GDP: IMF suggests making another attempt to introduce RGST


The International Monetary Fund (IMF) has proposed the government to make another attempt to introduce reformed general sales tax (RGST) and reduce subsidies on wheat and fertilizer to limit budget deficit at 5.7 percent of the gross domestic product (GDP). more... (DT)

Rice export: ‘Pakistan has potential of $4b but barely touches $1b’

Pakistan has an export potential of four billion dollars in basmati rice but hardly touched the one billion mark, according to the Basmati Growers Association. more... (ET)

Company & Sector Update

Corporate results: HUBCO calms unsettled nerves


The country’s largest independent power producer Hub Power Company (Hubco) managed to calm the uncertainty in the market by posting better than expected net profits as investors got nervy after a co-founder sold significant shareholding in the company. more... (ET)

Despite stellar earnings, Nestle Pakistan aspires for better results

Even as the economy continues to grow sluggishly, Nestle Pakistan announced another year of record breaking profits, which grew by 13.5% to reach Rs4.7 billion – or about Rs102.94 per share – on the back of a 26% increase in revenues, which reached Rs64.8 billion. more... (ET)

Accord reached with Russia to boost trade

Pakistan and Russia agreed on Wednesday to enhance cooperation in trade and energy and people-to-people contacts. more... (D)

Prices drift higher on cotton market

Cotton prices on Wednesday tended further higher as spinners and mills resumed their normal daily intake and ginners were quick to take advantage of the rising demand.more... (D)

Political

SC begins PM contempt appeal hearing

The Supreme Court on Thursday began the hearing of the intra-court appeal challenging its order in a contempt case against Prime Minister Yousuf Raza Gilani, DawnNews reported. more... (D)

MQM-H chief approaches SHC for new passport

Muhajir Qaumi Movement-Haqiqi (MQM-H) chief Afaq Ahmad on Wednesday filed a constitutional petition against interior secretary, director immigration and passport Karachi to seek permission for issuing new passports to him. more... (DT)

JUI faction’s leader shot dead in Chaman

A senior leader of Jamiat Ulema-i-Islam (Ideological group), Maulana Abdul Ghani was gunned down in the border town of Chaman on Wednesday, Levies sources said. more... (D)

MPA meetings continue on resolution opposing MQM’s move to make new provinces

At least for now, Sindh MPAs are still deciding whether to oppose a move that could change the way new provinces are formed. more... (ET)

GCC

Tadawul rebounds; values reaches SR8.35 billion

The Tadawul All-Share Index (TASI) ended in the green on Tuesday at 6,743.55, up 4.64 points or 0.07 percent, from its previous day's close at 6,738.91 points. more... (Zawya)

UNB net profit rises 11% to Dh1.5b in 2011.

The solid results for fiscal 2011 are an affirmation of the prudent strategy being pursued by the group focusing on targeted markets and key business segments,” said Mohammad Nasr Abdeen, chief executive officer. more... (Zawya)

UAE, Saudi oil to make up for shortfall

Iran's oil industry was under renewed pressure last night as both the UAE and Saudi Arabia signalled that they planned to increase supply to Tehran's key buyers of crude. more...(Gulf News)

Dubai SMEs will receive funds from Abu Dhabi bank

Abu Dhabi's biggest bank will offer financial facilities of up to $100 million (Dh367.3 million) to Dubai small and medium enterprises (SMEs), a move that is expected to benefit 1,000 companies in the emirate, the Dubai Chamber of Commerce and Industry announced yesterday. 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
08-Feb-12
07-Feb-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
77.281
-0.01%
14.64%
14.62%
1.70
     
08-Feb-12
07-Feb-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
855.43
836.18
19.25

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.50
11.55
11.60
11.68
Offer
12.00
11.80
11.85
12.18

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
11.60
11.60
11.50
11.55
11.60

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
90.95
120.50
1.19
144.40
24.68
1.38
0.76

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.66
11.72
11.80
Last Cut Off.
11.73
11.80
11.88
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.50
12.45
12.42
12.70
10 Y-PIB
12.60
12.55
12.58
12.70

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.99
1.98
1.97
2.19
4.00
8.23
12.55
Change bps
1.00
2.00
0.00
-3.00
5.00
4.50
-3.00

Commodities

     
08-Feb-12
09-Feb-12
change
WTI (USD/bbl)    
98.95
98.72
-0.23%
     
Brent (USD/bbl)    
115.96
117.28
1.14%
     
Arab Light (USD/bbl)    
116.00
117.54
1.33%

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
49,618.58
50,065.14
-0.89%
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
1,734.20
1,749.10
-0.85%
Sugar 11 (USD/lb)
24.48
24.40
0.33%
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.