BasedLine

Date: 14-February-2012
KSE-100 Index
Previous Index 12,231.60
Current Index 12,250.00
Change % 0.15%
YTD (CY11) 7.95%
YTD (FY12) -1.97%
KSE-100 Index
Previous Index 21,867.18
Current Index 21,946.30
Change % 0.36%
YTD (CY11) 8.98%
YTD (FY12) 4.82%
International Indicators
 
Close
%age
BSE-30 17,772.80 0.14
HANGSENG 20,887.70 0.50
NIKKEI 225 8,999.18 0.18
FTSE 5,905.70 0.91
DJIA 12,874.04 0.57
SSEC 2,351.98 0.10
NASDAQ 2,931.39 0.95
 
Close
%age
TASI 6,831.56 0.42
KSE(Kuwait) 5,946.00 0.71
BSE 1,143.11 0.38
MSM 5,589.07 -0.22
ADX 2,466.03 0.40
DFM 1,521.56 2.19
QSE 8,694.77 0.09
Capital Market Overview

Market Watch: Stock market recovers early losses

The stock market started the week on a negative note as investors followed the prime minister’s fate in the Supreme Court proceedings on the contempt case.The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.15 per cent or 18.40 points to end at the 12,250.00 point level. more... (ET)

NAVs and Returns
as of February 13, 2012
Funds Offer Redemption
POGSF
10.1260/-
10.1260/-
YTD Return
11.40%
POAIIF
52.3416/-
51.8182/-
YTD Return
12.52%
POAAAF
47.56/-
46.37/-
YTD Return
-8.21%
POIAAF
55.13/-
53.75/-
YTD Return
2.87%
POAF
11.01/-
YTD Return
11.26%
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
34.23
2,944
56.06
1.87
7.95%
KSE30
6.95
598
18.01
1.49
12.52%
KMI30
4.92
423
11.16
0.97
8.98%
KSE All
37.12
3,192
116.09
2.32
8.44%
February 13 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
186.07
117.52
-6.64%
OGDC
16.00
156.95
144.64
2.59%
UBL
2.00
60.33
45.20
-2.55%
LUCK
1.70
89.82
38.42
26.79%
February 13 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
42.56
-95.89
-53.33
Foreign Corporates
915.16
-1,119.64
-204.48
Overseas Pakistani
296.59
-256.68
39.91
Grand Total
1,254.30
-1,472.20
-217.90
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
10-Feb-12
13-Feb-12
Change
Gross Buy
81.06
-44.67%
21.08
5.25%
2.72
1.25
-53.89%
Gross Sell
-75.80
-4.96%
-15.37
2.76%
-1.11
-1.47
32.63%
Net Buy/(Sell)
5.14
-92.47%
5.59
7.61%
1.60
-0.22
-113.62%
S.C.R.A
Country
During the Period FY12TD
13-02-2012
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
-
-
12.13
-
-
-4.52
-
0.03
-0.03
Luxembourg
21.02
-
-
33.00
-
-
-32.94
0.12
0.01
0.11
Switzerland
19.67
0.35
-
29.57
1.27
-
-10.82
-
-
-
UAE
5.97
0.52
-
3.61
4.46
-
-2.11
-
-
-
UK
38.68
0.16
-
107.25
0.29
3.47
-72.19
0.11
0.09
0.02
USA
122.40
-
-
205.98
-
19.06
-102.64
1.12
0.34
0.78
Total
251.12
3.72
-
441.35
6.02
29.22
-222.29
1.35
0.47
0.88
News Clippings
Economy

Exports slump 15% in Jan 2012


Exports of the country are facing immense pressure to continue growth in the global markets, as they fell 15.4 percent in January 2012 to $1.953 billion as against the level of $2.307 billion during the same month in 2011, the Trade Development Authority of Pakistan (TDAP) said on Monday. more... (DT)

Rs 3.2bn loans written off


The National Assembly was informed on Monday loans to the tune of Rs 3.2 billion have been written off through budgetary support under fiscal relief packages of the government during the period from 2008-09 till date. more... (DT)

Palm oil imports increase by 35.9pc


Palm oil imports into the country witnessed an increase of 35.95 percent during the first half of the current fiscal year as compared to the corresponding period of last year. Palm oil exports were recorded at $1.260 billion during July-December (2011-12) against $927.203 million. more... (N)

Turks ready to collaborate in steel sector

Turkish entrepreneurs consider Pakistan as a potential market, especially in steel sector, said members of a Turkish delegation of steel sector during their visit to the Islamabad Chamber of Commerce and Industry office here (ICCI) on Monday. more... (N)

Company & Sector Update

Oil and gas companies: Govt to reconstitute board of directors

The government has decided to reconstitute board of directors (BoDs) of all state run oil and gas companies in line with international best practices. The Ministry of Petroleum has laid down the criteria and according to which all public sector oil and gas companies will be required to reconstitute their boards. more... (ET)

Controversial promotions at PSO; blue-eyed officials get the nod

Promotion first and then a test and interview, apparently this is the policy being used at Pakistan State Oil (PSO) where a large number of blue-eyed officials have been promoted. more... (ET)

KESC tariff reduced by 19 paisa

Tariff for electricity consumers in Karachi has been reduced by 19 paisa per unit on account of fuel price adjustment to be passed on to them in bills for March. more... (D)

British firm to invest $610m in Thar coal

A UK mining and power generation company plans to invest up to $610 million in Thar coal-mining and power generation with a projection of starting coal production of around five million tons per annum by 2014 and initial power generation of 300MW .more... (D)

Political

Budget for 2013: US okays Pakistan aid — with strings attached

A list of conditions accompanies funds allocated for Pakistan, as the White House, Department of Defence and the State Department reveal their budgets for the fiscal year 2013. more... (ET)

Indian minister: Sharma vows to double Pak-India trade

Indian Commerce and Industry Minister Anand Sharma arrived in Pakistan on Monday in an effort to take down trade barriers, share economic prosperity and facilitate people-to-people exchange. more... (ET)

MQM candidates file nomination papers

Muttahida Qaumi Movement (MQM) has submitted nomination papers of its candidates for Senate elections. more... (DT)

Moral support for Gilani, ire at US hearing in NA

Hours after being indicted by the Supreme Court over a disputed contempt charge, Prime Minister Yousuf Raza Gilani seemed winning some moral support across party lines in the National Assembly. more... (D)

GCC

Greek bailout deal faces delays

Greece faces further hurdles and delays before it is to receive its second €130 billion (Dh629.76 billion) bailout in spite of its lawmakers voting through further austerity measures in the face of violent protests. more... (Gulf News)

Apple shares climb above $500

Shares of Apple Inc. rallied above $500 for the first time after a two-week gain spurred by the iPhone maker's first-quarter earnings report approached 20 per cent. more... (Gulf News)

Financial inflows into Lebanon fall 18 pct

Financial inflows decreased by 18 percent during 2011, reaching $13.897 billion, down from $17.036 billion in 2010. more...(Zawya)

Carbon tax to bite Gulf passengers to Europe

Gulf airlines will start charging customers additional fees from as early as March 1 to cover the new carbon tax — Emissions Trading Scheme (ETS) — imposed by the European Union. more... (Gulf News)

Quote of the Day:

"The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy."Martin Luther

 
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- Jan 12)
$7.44bn
Foreign Investment (Jul 11-Dec 11)
$3.88bn
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
13-Feb-12
10-Feb-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
78.25
-0.42%
14.28%
14.20%
7.60
     
13-Feb-12
10-Feb-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
858.78
879.55
-20.77

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.53
11.63
11.68
11.76
Offer
12.03
11.88
11.93
12.26

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.75
11.75
11.75
11.70
11.75
11.80
Low  
11.25
11.60
11.60
11.55
11.60
11.60

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
91.05
120.24
1.18
143.25
24.85
1.36
0.76

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.75
11.85
11.91
Last Cut Off.
11.73
11.80
11.88
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.80
12.75
12.45
12.70
10 Y-PIB
12.90
12.85
12.55
12.70

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.97
1.93
1.96
2.13
3.98
8.21
12.85
Change bps
-2.00
2.00
-4.00
2.00
-5.00
1.50
30.00

Commodities

     
13-Feb-12
14-Feb-12
change
WTI (USD/bbl)    
99.62
100.59
0.97%
     
Brent (USD/bbl)    
118.24
117.20
-0.88%
     
Arab Light (USD/bbl)    
117.19
117.54
0.30%

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
49,224.31
49,515.73
-0.59%
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
1,720.00
1,730.40
-0.60%
Sugar 11 (USD/lb)
23.27
23.25
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.