BasedLine

Date: 13-February-2012
KSE-100 Index
Previous Index 12,213.24
Current Index 12,231.60
Change % 0.15%
YTD (CY11) 7.79%
YTD (FY12) -2.12%
KSE-100 Index
Previous Index 21,909.03
Current Index 21,867.18
Change % -0.19%
YTD (CY11) 8.59%
YTD (FY12) 4.45%
International Indicators
 
Close
%age
BSE-30 17,748.70 -0.46
HANGSENG 20,783.90 -1.08
NIKKEI 225 8,947.17 -0.61
FTSE 5,852.39 -0.73
DJIA 12,801.20 -0.69
SSEC 2,351.98 0.10
NASDAQ 2,903.88 -0.80
 
Close
%age
TASI 6,802.94 -0.02
KSE(Kuwait) 5,904.30 0.69
BSE 1,138.76 0.17
MSM 5,601.33 -0.37
ADX 2,456.22 -0.43
DFM 1,488.91 0.14
QSE 8,686.76 -0.04
Capital Market Overview

Weekly review: Market continues upward march despite negativity

The stock market put up a resilient face in front of negative political and financial triggers, as the benchmark KSE-100 index managed to shoot past the 12,000-point barrier and close 2.1% or 249 points higher during the week ended February 10. more... (ET)

NAVs and Returns
as of February 10, 2012
Funds Offer Redemption
POGSF
10.1203/-
10.1203/-
YTD Return
11.47%
POAIIF
52.3044/-
51.7814/-
YTD Return
12.57%
POAAAF
47.52/-
46.33/-
YTD Return
-8.29%
POIAAF
55.10/-
53.72/-
YTD Return
2.81%
POAF
11.00/-
YTD Return
11.30%
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
34.18
2,939
64.48
2.70
7.79%
KSE30
6.93
596
31.98
2.32
12.14%
KMI30
4.90
422
19.33
1.41
8.59%
KSE All
37.05
3,186
107.14
2.92
8.25%
February 10 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
183.02
117.52
-8.17%
OGDC
16.00
157.55
144.64
2.98%
UBL
2.00
61.13
45.20
-1.26%
LUCK
1.70
89.87
38.42
26.86%
February 10 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
123.32
-63.70
59.62
Foreign Corporates
2,285.48
-740.31
1,545.16
Overseas Pakistani
307.60
-308.75
-1.15
Grand Total
2,716.40
-1,112.76
1,603.63
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
09-Feb-12
10-Feb-12
Change
Gross Buy
79.83
-45.03%
19.86
5.85%
0.87
2.72
212.23%
Gross Sell
-74.36
-3.96%
-13.93
10.31%
-0.52
-1.11
113.99%
Net Buy/(Sell)
5.35
-92.29%
5.80
-7.61%
0.35
1.60
358.18%
S.C.R.A
Country
During the Period FY12TD
10-02-2012
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
-
-
12.09
-
-
-4.48
-
0.05
-0.05
Luxembourg
20.90
-
-
33.00
-
-
-33.06
-
0.02
-0.02
Switzerland
19.67
0.35
-
29.57
1.27
-
-10.82
0.08
-
0.08
UAE
5.97
0.52
-
3.61
4.46
-
-2.11
0.11
-
0.11
UK
38.57
0.16
-
107.16
0.29
3.47
-72.21
0.37
0.12
0.26
USA
121.28
-
-
205.65
-
19.06
-103.42
0.61
0.33
0.28
Total
249.77
3.72
-
440.88
6.02
29.22
-223.17
1.30
0.51
0.79
News Clippings
Economy

Double-digit inflation: SBP keeps policy rate unchanged at 12%


In the face of a persistent double-digit inflation, the State Bank of Pakistan (SBP) has decided to leave interest rate unchanged at 12 per cent and said the basic challenge faced by the economy is to finance its fiscal and current account deficits. more... (ET)

Indian minister due today for trade talks


In what appears to be a step towards enhancement of trade with India, three agreements will be signed during Indian Commerce Minister Anand Sharma’s three-day visit to Pakistan beginning on Monday. more... (D)

Bank advances rise


Deposits and other accounts of all scheduled banks increased in the current week and stood at Rs5683.5bn, higher by Rs1.4bn over preceding week’s figure of Rs5682.1bn. more... (D)

Textile export to get boom after WTO trade waiver

It makes a change, but Pakistani textiles boss Asghar Hussain is pleased. A year ago, recession, power cuts and poor security forced him to sack most of his workers. more... (N)

Company & Sector Update

With huge resources, Pakistan can overcome power crisis


The power crisis is not restricted to Pakistan, rather it is being faced by the whole South Asian region, but unfortunately it is outplayed by media. Loadshedding is done in the whole of India and Bangladesh but we seldom hear any cry from their media. more... (ET)

Pakistan, Sri Lanka sign agreements to promote cooperation

Pakistan and Sri Lanka on Saturday signed three memorandums of understanding (MoU) to promote cooperation in trade, technical education and media between the two countries. more... (D)

Sugar mills extorting Rs 5,000 per trolley

The farmers have alleged that management of some sugar mills in district Faisalabad was extorting around 5,000 from each trolley, failing which the sugarcane is rejected and farmers have to return back without selling their produce. more... (N)

Thar coal: Despite PM’s orders ministry fails to allocate funds

Despite clear instructions of Prime Minister Yousaf Raza Gilani, the finance ministry has not yet committed any funds for providing much-needed boost to the Thar coal project.more... (ET)

Political

PM Gilani in court to face contempt charge

Pakistan’s prime minister has arrived at the Supreme Court for a hearing in which judges say he will be charged with contempt. more... (D)

Religious leaders oppose reopening of Nato route

Religious parties vowed on Sunday to hold a sit-in outside parliament on Feb 20 in protest against restoration of Nato supplies and warned to turn every square of the country into Tahrir Square if attempts were made to push the country to what they said US subservience. more... (D)

US concerned about rights abuses in Balochistan: Munter

Insisting that the US administration’s stance remains unchanged vis-à-vis Balochistan, US Ambassador Cameron Munter asserted on Sunday that “there is no doubt that people in Balochistan are facing human rights abuses. more... (ET)

Senate poll process begins today

The process of much-talked about Senate elections begins on Monday with submission of nomination papers by candidates to the offices of the Election Commission in Islamabad and the four provincial capitals. more... (D)

GCC

Greece 'must prove it can curb its debt'

Greek Finance Minister Evangelos Venizelos urged lawmakers last night to show the world that Greece was serious about reining in its massive debt and remaining part of the euro. more... (Gulf News)

GCC eyes $1tr in project completion by 2020

The GCC region will see the completion of $1 trillion (Dh3.67 trillion) worth of projects by 2020, which will be the highest per capita construction spending in the world, MEED Quality Awards for Projects 2012 said in a statement on Saturday. more... (Gulf News)

SME ranking "can be pipeline" for secondary listing market for small firms in Dubai

Dubai may be looking more seriously at setting up a stock market to list small companies, as it prepares to create a pipeline of such listings. more...(Zawya)

Banking stock profits pick up Solidere’s slack

Record profits at Lebanon’s listed banks are breathing new life into the country’s fading stock market. Profits rose 2 percent to $989 million at the five listed banks which reported full-year 2011. more... (Zawya)

Quote of the Day:

"Our most profitable lessons are learned from failure, not success." Frank Davidson

 
Economic Highlights
Economic Indicators
GDP Growth FY12E
4.20%
GDP -2011
$180 bn
Per Capita Income FY11
$1,254
Population
178.09mn
US$ Reserves (Feb 03, 2012)
$16.69 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. - FY12 (Jul 11- Jan 12) 10.7%
   
NFNE Core INFL - YoY (Jan 12) 10.3%
   
NFNE Core INFL -FY12(Jul 11 - Jan 12) 10.2%

Money Market

 
Price
Change
10-Feb-12
09-Feb-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
78.44
0.72%
14.20%
14.41%
-20.90
     
10-Feb-12
09-Feb-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
879.55
866.44
13.11

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.51
11.60
11.64
11.75
Offer
12.01
11.85
11.89
12.25

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

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
90.95
119.44
1.18
142.58
24.77
1.37
0.76

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.72
11.74
11.85
Last Cut Off.
11.73
11.80
11.88
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.50
12.45
12.45
12.70
10 Y-PIB
12.62
12.55
12.55
12.70

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.99
1.91
2.00
2.11
4.03
8.20
12.55
Change bps
0.00
-11.00
-2.00
-12.00
1.00
-7.40
0.00

Commodities

     
10-Feb-12
13-Feb-12
change
WTI (USD/bbl)    
99.44
99.62
0.18%
     
Brent (USD/bbl)    
118.11
118.24
0.11%
     
Arab Light (USD/bbl)    
118.42
117.19
-1.04%

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
49,515.73
49,610.01
-0.19%
Rice IRRI -6(Rs/100kg)
3,056.00
3,107.00
-1.64%
KCA Cotton (Rs/mound)
5,800.00
5,600.00
2.68%
International
Current
Previous
Change
Coal Spot(USD/ton)
118.95
118.80
0.13%
Gold Futures
1,730.40
1,733.60
-0.18%
Sugar 11 (USD/lb)
23.25
23.23
0.09%
Steel (USD/ton)
673.42
673.06
0.05%
Wheat (CBT) (USD/bu)
646.00
660.75
-2.23%
PTA (USD/ton)
1,215.00
1,205.00
0.83%
Copper (USD/ton)
8,737.50
8,554.25
2.14%

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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.