BasedLine

Date: 16-February-2012
KSE-100 Index
Previous Index 12,261.85
Current Index 12,311.04
Change % 0.40%
YTD (CY11) 8.49%
YTD (FY12) -1.48%
KSE-100 Index
Previous Index 21,954.44
Current Index 22,014.84
Change % 0.28%
YTD (CY11) 9.32%
YTD (FY12) 5.15%
International Indicators
 
Close
%age
BSE-30 18,202.40 1.98
HANGSENG 21,365.20 2.14
NIKKEI 225 9,260.34 2.30
FTSE 5,892.16 -0.13
DJIA 12,781.00 -0.76
SSEC 2,351.85 0.10
NASDAQ 2,915.83 -0.55
 
Close
%age
TASI 6,811.97 -0.07
KSE(Kuwait) 5,963.50 -0.77
BSE 1,142.43 -0.06
MSM 5,636.86 0.53
ADX 2,487.99 -0.06
DFM 1,522.96 -1.06
QSE 8,694.77 0.09
Capital Market Overview

Market Watch: Bourse rises as investors accumulate stocks

The equity market closed in the positive territory on Wednesday as investors rushed to accumulate stocks.The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.4 per cent or 49.49 points to end at the 12,311.04 point level. more... (ET)

NAVs and Returns
as of February 15, 2012
Funds Offer Redemption
POGSF
10.1311/-
10.1311/-
YTD Return
11.38%
POAIIF
52.3662/-
51.8425/-
YTD Return
12.49%
POAAAF
47.77/-
46.58/-
YTD Return
-7.80%
POIAAF
55.20/-
53.82/-
YTD Return
3.00%
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
34.39
2,958
100.75
2.56
8.49%
KSE30
7.06
607
34.02
1.81
12.87%
KMI30
4.94
425
15.39
1.02
9.32%
KSE All
37.31
3,208
172.08
3.06
9.02%
February 15 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
185.58
117.52
-6.88%
OGDC
16.00
157.37
144.64
2.86%
UBL
2.00
60.65
45.20
-2.04%
LUCK
1.70
88.28
38.42
24.62%
February 15 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
10.28
-23.07
-12.79
Foreign Corporates
1,162.10
-1,300.61
-138.52
Overseas Pakistani
161.28
-249.13
-87.85
Grand Total
1,333.66
-1,572.82
-239.16
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
14-Feb-12
15-Feb-12
Change
Gross Buy
82.93
-44.19%
22.95
3.82%
0.58
1.33
-129.94%
Gross Sell
-78.57
-4.48%
-18.13
3.91%
-1.26
-1.57
-24.83%
Net Buy/(Sell)
4.26
-93.72%
4.71
-1.11%
-0.68
-0.24
-64.83%
S.C.R.A
Country
During the Period FY12TD
15-02-2012
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
21.13
-
-
33.00
-
-
-32.88
0.01
0.04
0.07
Switzerland
19.67
0.35
-
29.64
1.27
-
-10.89
-
-
-
UAE
6.07
0.52
-
3.61
4.46
-
-2.01
-
-
-
UK
39.23
0.16
-
107.59
0.29
3.47
-71.99
0.49
0.05
0.44
USA
123.93
-
-
206.43
-
19.06
-101.56
1.23
0.03
1.20
Total
253.49
3.72
-
443.14
6.02
29.22
-221.70
1.86
1.00
0.86
News Clippings
Economy

Tax collection target of Rs 1.952 trillion to be met


Board-In-Council of the Federal Board of Revenue (FBR) on Wednesday decided to meet annual tax collection target of Rs 1.952 trillion at all costs and in this regards, collection targets assigned to Large Taxpayer Units (LTU) and Regional Tax Offices to be monitored strictly. more... (DT)

July-january: Foreign investment falls 64%


Foreign investment in Pakistan fell 63.9 per cent to $446.2 million in the first seven months of 2011-12 fiscal year because of a decrease in foreign direct investment and foreign portfolio investment, the central bank said on Wednesday. more... (ET)

Duty-free access: Exports to EU expected to rise by $500m a year


Pakistan’s exports to the European Union are likely to get a boost of $500 million annually on the back of duty-free access to the 27-nation bloc for a period of two years, said the commerce ministry on Wednesday. more... (ET)

Senior citizens: EOBI disburses Rs892m to retired employees in January.

The Employee’s Old-Age Benefits Institution (EOBI) disbursed Rs892 million during January 2012, according to its Director General (Operations) South Javed Iqbal. more... (ET)

Company & Sector Update

Textile exporters seek incentives

Textile exporters have urged the government to give top priority to the textile industry and provide necessary incentives as per the export policy which resulted in a big boost to national exports to $25 billion and textile exports to $13 billion last year. more... (ET)

Lucrative deal: Iraq offers long term deferred oil payment facility

With the power sector facing problems in the regular supply of furnace oil because of the circular debt Iraq has now offered Pakistan to provide oil on long term deferred payment facility. more... (ET)

India to go ahead with Iran trade visit

Indian Commerce Minister Anand Sharma said Wednesday that an Indian business delegation would still visit Iran despite a string of bomb attacks blamed on the increasingly isolated Islamic republic. more... (D)

Power generation: Malaysia keen to invest in hydel, coal projects

Malaysians are keen to invest in hydel and coal power generation and infrastructure development projects in Pakistan.This was stated by visiting Malaysian delegation headed by Datuk Seri Samy Vellu, Special Envoy to the Malaysian Prime Minister on Infrastructure during a meeting with Federal Minister for Water and Power Naveed Qamar here on Wednesday. more... (DT)

Political

US drone strike kills five militants in Pakistan: officials

A US drone strike targeting a militant compound killed five insurgents in a northwest Pakistan tribal region near the Afghan border Thursday, security officials said. more... (D)

Imran rejects 20th Amendment, calls for APC

Pakistan Tehreek-i-Insaaf (PTI) chairman Imran Khan has warned of a civil war if the forthcoming elections are not conducted in a free and fair manner. more... (D)

With Pasha due to retire, names for probable DG ISI successors crop up

Inter-Services Intelligence (ISI) Director General Ahmed Shuja Pasha is due to retire on March 18 and the government is considering new names for the post, Express News reported on Wednesday. more... (ET)

Musharraf ‘knew Bin Laden was in Abbottabad’: Former ISI chief

Former president Pervez Musharraf was aware of Osama bin Laden’s Abbottabad location and the safe house where he was sheltered was built by Pakistani intelligence agencies, according to a former Inter-Services Intelligence chief. more... (ET)

GCC

Dubai GDP to grow by 5% in 2012

Dubai's GDP is expected to grow between 4.5 and five per cent in 2012, Shaikh Ahmad Bin Saeed Al Maktoum, Chairman of the Dubai Supreme Fiscal Committee, said at the Dubai Economic Outlook 2012 conference yesterday. more... (Gulf News)

Sorouh net profit soars on the back of handovers

Sorouh Real Estate Company said yesterday its net profit for 2011 after provisions and impairments was Dh383.3 million, compared with Dh16.2 million for 2010 .more... (Gulf News)

Tawazun to highlight Abu Dhabi's rise as center of manufacturing excellence

The Middle East’s definite security and resilience event will run from March 19 to 21, 2012 at the Abu Dhabi National Exhibition Centre and will feature the region’s top homeland security (HLS) players and decision makers. more...(Zawya)

Libya conflict dents Eni profits

Eni, which is the biggest foreign oil and gas operator in Libya, said it expected its output to improve during the course of this year largely due to the gradual recovery of production in the north African country. It has a target to increase output by 3 per cent a year to 2014. more... (Zawya)

Quote of the Day:

"The best job goes to the person who can get it done without passing the buck or coming back with excuses."Napoleon Hill

 
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-Jan 12)
$4.46bn
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
15-Feb-12
14-Feb-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
78.58
0.33%
14.17%
14.25%
-8.20
     
15-Feb-12
14-Feb-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
871.29
860.39
10.91

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.52
11.63
11.67
11.77
Offer
12.02
11.88
11.92
12.27

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
11.80
11.80
Low  
11.60
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
120.7
1.18
144.30
24.95
1.35
0.75

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.75
11.82
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
0.00
10 Y-PIB
12.90
12.85
12.85
0.00

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.95
1.86
1.91
2.08
3.95
8.20
12.85
Change bps
-1.00
-4.00
-4.00
2.00
-7.00
1.80
0.00

Commodities

     
15-Feb-12
16-Feb-12
change
WTI (USD/bbl)    
101.47
101.56
0.09%
     
Brent (USD/bbl)    
117.91
118.56
0.55%
     
Arab Light (USD/bbl)    
118.59
119.17
0.49%

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
49,348.59
49,370.02
-0.04%
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
1,724.60
1,725.50
-0.05%
Sugar 11 (USD/lb)
23.57
23.28
1.25%
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.