BasedLine

Date: 17-February-2012
KSE-100 Index
Previous Index 12,311.04
Current Index 12,404.24
Change % 0.76%
YTD (CY11) 9.31%
YTD (FY12) -0.73%
KSE-100 Index
Previous Index 22,014.84
Current Index 22,141.38
Change % 0.57%
YTD (CY11) 9.95%
YTD (FY12) 5.76%
International Indicators
 
Close
%age
BSE-30 18,154.00 -0.27
HANGSENG 21,277.30 -0.41
NIKKEI 225 9,238.10 -0.24
FTSE 5,885.38 -0.12
DJIA 12,904.10 0.96
SSEC 2,366.70 0.93
NASDAQ 2,959.85 1.51
 
Close
%age
TASI 6,811.97 -0.07
KSE(Kuwait) 5,982.20 0.31
BSE 1,143.77 0.12
MSM 5,653.51 0.30
ADX 2,474.43 -0.55
DFM 1,516.05 -0.45
QSE 8,544.18 -1.00
Capital Market Overview

Market Watch: Buying spree keeps the rally going

Equities rallied to close above the 12,400-point level on Thursday as a buying spree was witnessed in index heavyweights right after the trading bell got trading underway.The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.76 per cent or 93.20 points to end at the 12,404.24 point level .more... (ET)

NAVs and Returns
as of February 16, 2012
Funds Offer Redemption
POGSF
10.1323/-
10.1323/-
YTD Return
11.34%
POAIIF
52.3782/-
51.8544/-
YTD Return
12.47%
POAAAF
48.46/-
47.25/-
YTD Return
-6.47%
POIAAF
55.52/-
54.13/-
YTD Return
3.60%
POAF
11.02/-
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
34.65
2,980
117.33
4.09
9.31%
KSE30
7.11
611
66.46
3.41
13.68%
KMI30
4.97
427
32.48
2.00
9.95%
KSE All
37.60
3,234
205.56
4.72
9.88%
February 16 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
185.85
117.52
-6.75%
OGDC
16.00
160.70
144.64
5.04%
UBL
2.00
60.47
45.20
-2.33%
LUCK
1.70
90.88
38.42
28.29%
February 16 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
121.25
-121.12
0.12
Foreign Corporates
1,973.71
-4,248.21
-2,274.50
Overseas Pakistani
584.26
-389.35
-194.92
Grand Total
2,679.22
-4,758.68
-2,079.46
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
15-Feb-12
16-Feb-12
Change
Gross Buy
85.54
-42.42%
25.57
15.67%
1.33
2.68
101.44%
Gross Sell
-83.22
-1.17%
-22.78
30.56%
-1.57
-4.76
203.10%
Net Buy/(Sell)
2.27
-96.65%
2.72
-42.84%
-0.24
-2.08
766.44%
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
21.44
-
-
33.00
-
-
-32.59
0.31
0.02
0.29
Switzerland
19.67
0.35
-
29.64
1.27
-
-10.89
-
-
-
UAE
6.12
0.52
-
3.61
4.46
-
-1.95
0.06
-
0.06
UK
39.52
0.16
-
107.59
0.29
3.47
-71.70
0.29
0.01
0.28
USA
124.11
-
-
206.72
-
19.06
-101.66
0.19
0.29
-0.10
Total
254.33
3.72
-
443.51
6.02
29.22
-221.23
0.84
0.37
0.47
News Clippings
Economy

Foreign Exchange: Forex reserves rise to $16.77 billion


Foreign exchange reserves rose to $16.77 billion in the week ending Feb. 10, compared with $16.69 billion the previous week, the central bank said on Thursday. more... (ET)

Rupee, o/n rates end flat

In the currency market, the rupee ended almost flat at 90.68/73 to the dollar, compared with Wednesday’s close of 90.68/72 but dealers expect pressure to continue as international oil prices ended on an eight-month high on Wednesday. more... (D)

Remittances may reach $12b


While talking to the media, he further said that provinces are responsible for collecting agriculture tax. Sheikh said that taxes increased by 27 percent due to addition of new and higher income groups in the tax net. “Pakistan needs economical stability,” he said. It is pertinent to mention here that under the 18th Constitutional Amendment Bill 2010, provincial governments are responsible to collect the taxes. more... (N)

BD minister for enhancing trade

Commerce Minister of Bangladesh Ghulam Muhammad Quader exchanged views with the officers and employees of Bangladesh High Commission in Islamabad on Thursday. more... (DT)

Company & Sector Update

Corporate results: Engro Corp posts healthy growth

Engro Corporation after announcing earnings of its two giant subsidiaries – fertilisers and foods –finally declared results of all its other segments on Thursday. The cumulative result of the local conglomerate did catch the market by surprise as net profit increase of 21% was much higher than analyst expectation. more... (ET)

Ownership: PIA acquires six A310 aircraft

Pakistan International Airlines (PIA) and Airbus have signed an agreement for the transfer of ownership of six A310 aircraft which were acquired by the airline on lease in 2004. more... (ET)

KESC submits plan to end loadshedding

The Karachi Electric Supply Company (KESC) has worked out a plan that it claims will end load-shedding and reduce power tariff provided the government lends support in different areas including regular payments every month and supply of 267 million cubic feet of gas per day (mmcfd). more... (ET)

PTA sets up to $27.4m base prices for various spectrums

The Pakistan Telecommunication Authority (PTA) has base prices of $25,000 to $27.4 million for frequency bands of 1.9 MHz and 3.5 MHz separately that are to be awarded to different existing telecom operators in 14 different telecom regions. more... (DT)

Political

18th Amendment: Sindh fails to legislate on subjects transferred to provinces

The 18th Amendment to the Constitution is often referred to by the ruling Pakistan Peoples Party (PPP) as one of the biggest achievements in its current tenure. The legislation – which granted provinces control of several key areas – is groundbreaking in theory. more... (ET)

Karzai seeks help for Taliban talks

Afghan President Hamid Karzai sought help from the government of Pakistan and religious parties on Thursday for advancing peace talks with Taliban in his country and said their assistance was of ‘critical’ importance for the success of the process. more... (D)

Contempt case against Gilani: Evidence in four volumes submitted to court

Attorney General Maulvi Anwarul Haq submitted to the Supreme Court on Thursday evidence relating to the contempt of court case against Prime Minister Yousuf Raza Gilani. more... (D)

Pre-election rigging: PS 57, Badin by-polls challenged in SHC

Former Sindh minister and presently a candidate from PS-57, Badin, Syed Ali Bukhsh Shah alias Pappu Shah submitted a constitutional petition in the SHC seeking for postponement of by-elections in the provincial constituency of district Badin, PS-57.more... (DT)

GCC

Kuwait orders nine firms to delist from bourse

Kuwait's Capital Markets Authority (CMA) has ordered nine listed companies, including the co-owner of Aston Martin, to be removed from the stock exchange. more... (Gulf News)

Brazil and UAE keen to develop trade relations

General Shaikh Mohammad Bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, on Thursday received Fernando Pimentel, Brazilian Minister of Development, Industry and Foreign Trade, and his delegation, who are visiting the UAE .more... (Gulf News)

Libya struggles to revive economy

Oil exports are approaching pre-conflict levels and international sanctions have been lifted, but four months after fighting ended, experts warn that Libya's financial situation remains fragile. more...(Zawya)

MoF Signs an Agreement with IFC to Establish an Institution for Registering of Mortgage Capital Assets

The agreement was signed at MoF’s Dubai’s headquarters by Younis Haji Al Khouri, Undersecretary of MoF and by Mouayed Makhlouf, IFC Director for the Middle East and North Africa. The event was attended by experts and representatives from both parties, in addition to attendees from the Arab Monetary Fund (AMF) . more... (Zawya)

Quote of the Day:

"When we put a limit on what we will do, we put a limit on what we can do."Charles Schwab

 
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 10, 2012)
$16.77 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
16-Feb-12
15-Feb-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
78.50
-0.10%
14.21%
14.17%
3.40
     
16-Feb-12
15-Feb-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
859.85
871.29
-11.44

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.53
11.64
11.68
11.76
Offer
12.03
11.89
11.93
12.26

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.90
11.80
11.75
11.70
11.80
11.85
Low  
11.90
11.70
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
120.0
1.16
143.60
24.90
1.34
0.75

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.75
11.85
11.92
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
12.81
10 Y-PIB
12.90
12.85
12.85
12.91

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.95
1.90
1.99
2.14
4.02
8.20
12.85
Change bps
0.00
4.00
8.00
6.00
7.00
0.00
0.00

Commodities

     
16-Feb-12
17-Feb-12
change
WTI (USD/bbl)    
101.56
102.39
0.82%
     
Brent (USD/bbl)    
118.56
120.29
1.46%
     
Arab Light (USD/bbl)    
119.17
120.65
1.24%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
103.46
98.82
4.70%
Furnace Oil (Rs/ton)
80,283.60
80,370.60
-0.11%
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
49,584.30
49,348.59
0.48%
Rice IRRI -6(Rs/100kg)
3,129.00
3,088.00
1.33%
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
1,733.30
1,724.60
0.50%
Sugar 11 (USD/lb)
23.73
23.57
0.68%
Steel (USD/ton)
670.77
672.85
-0.31%
Wheat (CBT) (USD/bu)
635.00
634.50
-1.16%
PTA (USD/ton)
1,210.00
1,215.00
-0.41%
Copper (USD/ton)
8,286.00
8,351.00
-0.78%

Kindly Click here for PDF Version

(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.