BasedLine

Date: 20-February-2012
KSE-100 Index
Previous Index 12,404.24
Current Index 12,495.68
Change % 0.74%
YTD (CY11) 10.12%
YTD (FY12) -0.00%
KSE-100 Index
Previous Index 22,141.38
Current Index 22,254.87
Change % 0.51%
YTD (CY11) 10.51%
YTD (FY12) 6.30%
International Indicators
 
Close
%age
BSE-30 18,289.30 0.75
HANGSENG 21,491.60 1.01
NIKKEI 225 9,384.17 1.58
FTSE 5,905.07 0.33
DJIA 12,949.90 0.35
SSEC 2,357.18 0.01
NASDAQ 2,951.78 -0.27
 
Close
%age
TASI 6,869.95 0.58
KSE(Kuwait) 6,083.40 1.69
BSE 1,147.42 0.32
MSM 5,669.57 0.28
ADX 2,489.07 0.59
DFM 1,571.09 3.63
QSE 8,623.10 0.92
Capital Market Overview

Weekly review: Healthy earnings push bourse up by 2.2%

The KSE-100 index posted growth of 2.2 per cent or 265 points to close at 12,495 points, a level last witnessed in June 2011. The index climbed upwards by 2.1 per cent or 249 points in the previous week. more... (ET)

NAVs and Returns
as of February 17, 2012
Funds Offer Redemption
POGSF
10.1338/-
10.1338/-
YTD Return
11.31%
POAIIF
52.3902/-
51.8663/-
YTD Return
12.45%
POAAAF
48.71/-
47.49/-
YTD Return
-6.00%
POIAAF
55.77/-
54.38/-
YTD Return
4.08%
POAF
11.02/-
YTD Return
11.25%
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
34.91
3,002
152.80
6.57
10.12%
KSE30
7.17
616
92.68
5.83
14.66%
KMI30
4.99
429
53.78
3.74
10.51%
KSE All
37.88
3,258
233.27
7.05
10.69%
February 17 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
187.25
117.52
-6.05%
OGDC
16.00
162.93
144.64
6.50%
UBL
2.00
62.09
45.20
0.29%
LUCK
1.70
91.01
38.42
28.47%
February 17 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
60.74
-45.67
15.07
Foreign Corporates
3,551.91
-1,293.42
2,258.49
Overseas Pakistani
968.16
-897.25
70.91
Grand Total
4,580.81
-2,236.35
2,344.46
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
16-Feb-12
17-Feb-12
Change
Gross Buy
90.02
-40.96%
30.04
15.57%
2.68
4.58
70.98%
Gross Sell
-85.40
1.32%
-24.97
28.14%
-4.76
-2.24
-53.00%
Net Buy/(Sell)
4.51
-93.53%
4.96
-25.51%
-2.08
2.34
-212.74%
S.C.R.A
Country
During the Period FY12TD
17-02-2012
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
21.57
-
-
33.00
-
-
-32.46
0.13
-
0.13
Switzerland
19.67
0.35
-
29.64
1.27
-
-10.89
-
-
-
UAE
6.12
0.52
-
3.61
4.46
-
-1.95
-
-
-
UK
39.62
0.16
-
107.63
0.29
3.47
-71.64
0.10
0.04
0.06
USA
124.16
-
-
207.58
-
19.06
-102.47
0.05
0.86
-0.81
Total
254.67
3.72
-
444.44
6.02
29.22
-221.82
0.34
0.93
0.59
News Clippings
Economy

Devising a Shariah compliant monetary policy


Many opponents of Islamic banking and finance claim that an Islamic financial system does not offer a credible framework for running monetary policy, as in the absence of an interest rate mechanism, the central authorities, eg the State Bank of Pakistan, would find it impossible to run a monetary management programme. more... (ET)

Major economic targets to be lowered

The government is working on a plan to lower major economic targets for next financial year because of economic difficulties and transfer the responsibility of financing social sector projects to the provincial governments from the Public Sector Development Programme (PSDP). more... (D)

Unchanged policy rate fails to weaken investors sentiments


State Bank of Pakistan’s (SBP) decision to keep the policy rate unchanged failed to weaken the investor sentiments at the local bourse. Investors also ignored domestic political uncertainty, as strong corporate announcements, US State department’s allocation of $2.4 billion for Pakistan and attractive valuations lured investors. more... (N)

Foreign funding for coal, energy sector falls

Foreign programme assistance for the coal and energy sector of Sindh has declined, which reflects donor’s fatigue due to progress of Thar project at a snail’s pace from fiscal years 2009 to 2012, show findings of the Sindh Economic Survey. more... (ET)

Company & Sector Update

Keeping pace: How Pakistan can benefit from textile automation

Increasing global competition, energy costs, living costs and high inflation have made it difficult for the textile industry of Pakistan to compete in European and North American markets. For the government, finding solutions to the economic recession seems secondary to tackling the political crises in the country. more... (ET)

Iran not keen on trade pacts

Sanctions-hit Iran has been offering new trading agreements to countries in an effort to skirt around the restrictions but it may be reluctant to extend the same to Pakistan, according to sources. more... (D)

KESC signs $200m pact with BEE

Karachi Electric Supply Company has embarked on the first of its kind project in Pakistan, with the aim to convert its 1,260 MW (210 MW x 6 units) Bin Qasim Power Plant into a coal-fired generation plant. This project will have a step-wise execution, the phase-one of which will see the conversion of 2 units, with a generating capacity of 420 MW. more... (N)

Pakistani IT professionals in high demand

From business process outsourcing to developing smartphone apps, Pakistani IT professionals are seem to be going after every opportunity, especially in the online job market, to bring home valuable foreign exchange. more... (ET)

Political

Women power: Records tumble as MQM holds female-only rally

While linking women empowerment to the prosperity of the country, Muttahida Qaumi Movement (MQM) chief Altaf Hussain added another milestone to the country’s political history by supposedly hosting the largest congregation of women in the world. more... (ET)

Playing the waiting game: Karzai warns against plot to install puppets

When the Afghan president met with the Pakistani civil and military leadership last week, his main aim was to decipher Islamabad’s ‘real’ position on the Afghan endgame. more... (ET)

PML-Q to table counter resolution on Balochistan

The Pakistan Muslim League-Quaid (PML-Q) is set to table a resolution condemning the US motion on Balochistan issue, in the Punjab Assembly today (Monday). more... (DT)

Memogate scandal: Judicial panel official in UK for Ijaz’s testimony


Secretary for the memo commission, Raja Jawad Abbas, left on Sunday morning to accept evidence and record the statements of the Pakistani-American businessman. more... (ET)

GCC

Gulf to see rise in capital inflows

In mid-January, global rating agency Standard & Poor's (S&P) downgraded nine European sovereigns.The rating agency justified its decision by pointing to a combination of economic and financial factors along with ‘insufficient' measures taken by European leaders in dealing with the crisis. more... (Gulf News)

Benchmark hits six-month high

The National Bureau of Statistics (NBS) revealed that the country's Consumer Price Index (CPI) reached 116.91 in January, up 0.3 per cent over Dec-ember and 0.7 per cent higher than in the same period last year. more... (Gulf News)

GIB's profit $104.5 million in 2011

GIB recorded consolidated net income after tax of $104.5 million being $4.1 million or 4 per cent up on the prior year. Net income after tax in the fourth quarter was $19.9 million compared to $14.3 million in the fourth quarter of 2010. more...(Zawya)

CMA favours $10m standalone takaful firms

The Capital Market Authority (CMA), the Sultanate's insurance and stock market regulator, will favour standalone/exclusive companies for Sharia-compliant takaful insurance business, which is against window operations proposed for conventional banks in the banking sector. more... (Zawya)

Quote of the Day:

"Happiness is not in the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort."Franklin D. Roosevelt

 
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
17-Feb-12
16-Feb-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
78.26
-0.32%
14.31%
14.21%
10.00
     
17-Feb-12
16-Feb-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
856.10
859.85
-3.75

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.51
11.63
11.68
11.78
Offer
12.01
11.88
11.93
12.28

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.70
11.70
11.75
11.70
11.80
11.85
Low  
11.00
11.60
11.65
11.60
11.65
11.70

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
91.05
119.17
1.14
143.51
24.85
1.33
0.75

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.73
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
12.92
12.87
12.85
12.91

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.95
1.92
2.00
2.19
4.11
8.19
12.87
Change bps
0.00
2.00
1.00
5.00
9.00
-1.10
2.00

Commodities

     
17-Feb-12
20-Feb-12
change
WTI (USD/bbl)    
102.39
104.99
2.54%
     
Brent (USD/bbl)    
120.29
121.09
0.67%
     
Arab Light (USD/bbl)    
120.65
119.55
-0.91%

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
49,674.30
49,584.30
0.18%
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
1,735.90
1,733.30
0.15%
Sugar 11 (USD/lb)
23.77
23.73
0.17%
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%

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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.