BasedLine

Date: 15-February-2012
KSE-100 Index
Previous Index 12,250.00
Current Index 12,261.85
Change % 0.10%
YTD (CY11) 8.06%
YTD (FY12) -1.87%
KSE-100 Index
Previous Index 21,946.30
Current Index 21,954.44
Change % 0.04%
YTD (CY11) 9.02%
YTD (FY12) 4.86%
International Indicators
 
Close
%age
BSE-30 17,848.60 0.43
HANGSENG 20,917.80 0.15
NIKKEI 225 9,052.07 0.59
FTSE 5,899.87 -0.10
DJIA 12,878.30 0.03
SSEC 2,351.85 0.10
NASDAQ 2,931.83 0.02
 
Close
%age
TASI 6,816.49 -0.22
KSE(Kuwait) 6,009.50 1.07
BSE 1,142.43 -0.06
MSM 5,606.88 0.32
ADX 2,489.50 0.95
DFM 1,539.23 1.16
QSE 8,694.77 0.09
Capital Market Overview

Market Watch: Bourse crawls up amid healthy volumes

The stock market closed slightly higher on Tuesday despite being up around 100 points in early trade before investors opted to sell.
The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.1 per cent or 11.85 points to end at the 12,261.85 point level. more... (ET)

NAVs and Returns
as of February 14, 2012
Funds Offer Redemption
POGSF
10.1288/-
10.1288/-
YTD Return
11.39%
POAIIF
52.3541/-
51.8306/-
YTD Return
12.50%
POAAAF
47.61/-
46.42/-
YTD Return
-8.12%
POIAAF
55.10/-
53.72/-
YTD Return
2.81%
POAF
11.01/-
YTD Return
11.27%
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
2,946
87.69
2.34
8.06%
KSE30
6.96
599
26.19
1.78
12.65%
KMI30
4.92
423
17.92
1.20
9.02%
KSE All
37.14
3,194
148.20
2.83
8.51%
February 14 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
185.78
117.52
-6.78%
OGDC
16.00
157.42
144.64
2.90%
UBL
2.00
60.79
45.20
-1.81%
LUCK
1.70
88.18
38.42
24.48%
February 14 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
10.82
-19.91
-9.09
Foreign Corporates
296.25
-941.06
-644.81
Overseas Pakistani
269.32
-298.76
-29.44
Grand Total
576.40
-1,259.73
-683.34
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
13-Feb-12
14-Feb-12
Change
Gross Buy
81.62
-44.65%
21.65
3.04%
1.25
0.58
-53.89%
Gross Sell
-77.03
-4.64%
-16.60
3.86%
-1.47
-1.26
-14.30%
Net Buy/(Sell)
4.49
-93.42%
4.94
-4.03%
-0.22
-0.68
-210.61%
S.C.R.A
Country
During the Period FY12TD
14-02-2012
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
-
-
-
Luxembourg
21.03
-
-
33.00
-
-
-32.95
0.01
0.01
-0.01
Switzerland
19.67
0.35
-
29.64
1.27
-
-10.89
-
0.06
-0.06
UAE
6.07
0.52
-
3.61
4.46
-
-2.01
0.10
-
0.10
UK
38.73
0.16
-
107.53
0.29
3.47
-72.43
0.05
0.28
-0.24
USA
122.70
-
-
206.40
-
19.06
-102.75
0.30
0.42
-0.11
Total
251.63
3.72
-
442.13
6.02
29.22
-222.55
0.51
0.78
-0.27
News Clippings
Economy

Trade deficit increases to $13.2b in seven months


Pakistan’s trade deficit widened to $13.2 billion in the first seven months of the current fiscal year as growth in exports plateaued while imports kept growing in double digits. more... (ET)

Finalisation of negative list for trade with India deferred


The cabinet deferred on Tuesday finalisation of negative list for trade with India and directed the ministry of commerce to consult stakeholders before preparing the list. more... (D)

Exports of goods increase, services decrease


The good exports from the country witnessed nominal growth of 0.25 percent during the first seven months of the current fiscal year as against the corresponding period of last year. more... (DT)

Beyond MFN: Indian exporters target oil products and tea markets

Leading exporters of India, displaying their products at the first-ever Indian trade exhibition in Pakistan, have expressed great interest in selected markets such as petroleum products, tea, spices and fast moving consumer goods. more... (ET)

Company & Sector Update

Corporate results: Allied Bank profits grow 24% in 2011

Allied Bank posted strong earnings growth of 24% in 2011 primarily due to growing net interest income and shrinking bad loans.Net profit stood at Rs10.26 billion in 2011 against Rs8.23 billion posted a year ago, according to unconsolidated results sent to the Karachi Stock Exchange on Tuesday. more... (ET)

LPG sales for February fall by 30%

LPG marketing companies have reported a sharp decline in sales for the month of February. Sales have slowed down by as much as 30 per cent, reportedly due to the imposition of the petroleum levy, with has reduced off take. more... (ET)

PTCL launches ‘Jadoo Box’

Following its tradition of providing state-of-the-art telecom services to the nation, Pakistan Telecommunication Company Limited (PTCL) has brought to its customers a fascinating ‘Jadoo Box’ – a novelty device that gives uninterrupted connectivity on wired DSL as well as backup wireless, says a press release. more... (N)

Pak, Iran agree to complete early power import projects

Pakistan and Iran have agreed to complete power import project at the earliest and to enhance bilateral relations in the field of trade, energy and economy between the two countries. more... (N)

Political

US captive charged with trying to kill Musharraf

US prosecutors in the Guantanamo war crimes tribunals filed charges on Tuesday against a Pakistani man who grew up outside Baltimore, alleging he plotted with al Qaeda to attack US targets and assassinate former President Pervez Musharraf.more... (ET)

Responding to overtures: Nato allowed airspace use, says minister

Days after the interior minister attempted to avoid the question, Defence Minister Ahmed Mukhtar told journalists that the country has allowed Nato to use its airspace for ferrying supplies to troops stationed in Afghanistan. more... (ET)

Govt, opposition unite to adopt 20th Amendment

After two weeks of haggling and amid other battles being fought outside parliament, the government and opposition joined hands on Tuesday to unanimously push through the National Assembly a revised constitution amendment that provides for a strong Election Commission, a pre-election interim set-up and restoration of 28 suspended federal and provincial lawmakers.more... (D)

Sindh governor recommends conferment of Nishan-e-Imtiaz

Sindh Governor Dr Ishratul Ibad Khan has recommended to the Government of Pakistan for the conferment of Nishan-e-Imtiaz to Father Robert McCulloch and Sister John Berchmans in view of the service rendered by them in health and education, especially in the interior of Sindh. more... (DT)

GCC

Six nations' debt ratings cut

Moody's Investors Service cut the debt ratings of six European countries, including Italy, Spain and Portugal and said it may strip France and the UK of their top Aaa ratings, citing Europe's debt crisis.. more... (Gulf News)

Falling revenues push Emaar profit down to Dh1.79b

Dubai Emaar Properties took a 27 per cent hit in net profit to Dh1.79 billion for 2011 compared with Dh2.44 billion the year before.more... (Gulf News)

Taqa blames ‘external factors’ for 26% slump in net profit

Abu Dhabi The Abu Dhabi National Energy Company (Taqa) said yesterday its provisional net profit declined 26 per cent on year in 2011 to Dh752 million. more...(Zawya)

Insurance sector dominates Tadawul trading; index rises

Nineteen Saudi stocks, including Monday's top gainers Sanad Insurance & Reinsurance Cooperative Company and Al-Alamiya for Cooperative Insurance Co., rose to their 52-week highs.more... (Gulf News)

Quote of the Day:

"Unless you’re willing to have a go, fail miserably, and have another go, success won’t happen."Phillip Adams

 
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
14-Feb-12
13-Feb-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
78.32
0.09%
14.25%
14.28%
-2.20
     
14-Feb-12
13-Feb-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
860.39
858.78
1.61

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.53
11.63
11.68
11.77
Offer
12.03
11.88
11.93
12.27

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.80
11.75
11.75
11.70
11.80
11.80
Low  
11.50
11.60
11.60
11.60
11.65
11.70

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
90.95
119.86
1.18
142.95
24.80
1.35
0.75

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
12.75
12.70
10 Y-PIB
12.90
12.85
12.85
12.70

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.96
1.90
1.95
2.06
4.02
8.18
12.85
Change bps
-1.00
-3.00
-1.00
-7.00
4.00
-3.10
0.00

Commodities

     
14-Feb-12
15-Feb-12
change
WTI (USD/bbl)    
100.59
101.47
0.87%
     
Brent (USD/bbl)    
117.20
117.91
0.61%
     
Arab Light (USD/bbl)    
117.54
118.59
0.89%

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
49,370.02
49,224.31
0.30%
Rice IRRI -6(Rs/100kg)
3,091.00
3,077.00
0.45%
KCA Cotton (Rs/mound)
5,800.00
5,600.00
2.68%
International
Current
Previous
Change
Coal Spot(USD/ton)
116.45
118.95
-2.10%
Gold Futures
1,725.50
1,720.00
0.32%
Sugar 11 (USD/lb)
23.28
23.27
0.04%
Steel (USD/ton)
673.42
673.06
0.05%
Wheat (CBT) (USD/bu)
639.00
646.50
-1.16%
PTA (USD/ton)
1,210.00
1,215.00
-0.41%
Copper (USD/ton)
8,393.00
8,4.4.25
-0.13%

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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.