BasedLine

Date: 21-February-2012
KSE-100 Index
Previous Index 12,495.68
Current Index 12,517.90
Change % 0.18%
YTD (CY11) 10.31%
YTD (FY12) 0.18%
KSE-100 Index
Previous Index 22,254.87
Current Index 22,299.85
Change % 0.20%
YTD (CY11) 10.74%
YTD (FY12) 6.51%
International Indicators
 
Close
%age
BSE-30 18,289.30 0.75
HANGSENG 21,424.80 -0.31
NIKKEI 225 9,485.09 1.08
FTSE 5,945.25 0.68
DJIA 12,949.90 0.35
SSEC 2,357.18 0.01
NASDAQ 2,951.78 -0.27
 
Close
%age
TASI 6,904.38 0.50
KSE(Kuwait) 6,114.70 0.51
BSE 1,149.62 0.19
MSM 5,675.90 0.11
ADX 2,504.17 0.61
DFM 1,568.94 -0.14
QSE 8,650.36 0.32
Capital Market Overview

Market Watch: Bourse closes slightly higher amid heavy selling

The stock market closed slightly higher on the first trading session of the week as investors were busy selling and booking profits.The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.18 per cent or 22.22 points to end at the 12,517.90 point level on Monday. more... (ET)

NAVs and Returns
as of February 20, 2012
Funds Offer Redemption
POGSF
10.1416/-
10.1416/-
YTD Return
11.28%
POAIIF
52.4273/-
51.9030/-
YTD Return
12.40%
POAAAF
48.49/-
47.28/-
YTD Return
-6.41%
POIAAF
55.81/-
54.41/-
YTD Return
4.13%
POAF
11.07/-
YTD Return
11.77%
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
34.97
3,008
134.15
3.91
10.31%
KSE30
7.17
617
60.44
3.22
14.68%
KMI30
5.00
430
30.99
1.98
10.74%
KSE All
37.97
3,265
232.85
4.63
10.94%
February 20 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
185.74
118.16
-6.80%
OGDC
16.00
163.66
149.97
6.97%
UBL
2.00
62.64
45.45
1.18%
LUCK
1.70
91.00
38.63
28.46%
February 20 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
20.82
-8.35
12.47
Foreign Corporates
341.97
-487.35
-145.38
Overseas Pakistani
403.93
-511.22
-107.29
Grand Total
766.72
-1,006.92
-240.20
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
17-Feb-12
20-Feb-12
Change
Gross Buy
90.77
-41.52%
30.79
7.10%
4.58
0.77
-83.26%
Gross Sell
-86.39
1.58%
-25.95
28.22%
-2.24
-1.01
55.05%
Net Buy/(Sell)
4.29
-94.03%
4.73
-45.66%
2.34
-0.24
-110.26%
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

Rs1,952bn revenue target to be achieved: FBR


Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh was informed on Monday that revenue generation by the Federal Board of Revenue was on track and the target of Rs1,952 billion for the current financial year will be achieved.more... (D)

Swedish companies’ officials to visit Pakistan.

Representatives of Swedish companies producing clean technologies as well as a delegation of women entrepreneurs will visit Pakistan in the next two months in an effort to help strengthen bilateral economic relations between the two countries. more... (ET)

Pak-Iran Business Council appreciates trade targets


Pak-Iran Business Council on Monday appreciated the leadership of the both countries for setting the target of bilateral trade to the tune of $5 billion. more... (DT)

Dollar dips vs rupee

The dollar slipped versus the local currency in the interbank market, dealers said Monday. It commenced the day’s trading at Rs 90.72 for buying, fell 22 paisas and closed at Rs 90.50 for buying and Rs 90.95 for selling. The euro increased versus the national currency as it began the day’s trading at Rs 118.01 for buying, appreciated Rs 2.52 and closed at Rs 120.53 for buying and Rs 120.65 for selling. more... (DT)

Company & Sector Update

Shopping: PIA to buy five Boeing 777-300ER airplanes

Boeing and Pakistan International Airlines (PIA) on Monday announced a firm order for five 777-300ER (extended range) airplanes valued at nearly $1.5 billion at list prices. more... (ET)

Industry considering producing LPG cars

Following a ban on import of compressed natural gas (CNG) kits and cylinders and restrictions on production of new CNG-fitted cars, the automobile manufacturers are considering introducing liquefied petroleum gas (LPG) kits in the vehicles. more... (ET)

Mobilink launches Gmail SMS

Mobilink officially announced the launch of Gmail SMS in collaboration with Google. Mobilink and Google signed an MoU to launch this innovative service earlier last month, says a press release.more... (N)

Govt exempts OMCs from up to 3% VAT

The federal government exempted oil marketing companies (OMCs) from the payment of up to 3 per cent value added tax (VAT) on the import of certain petroleum products on Monday – a move that stakeholders believe will ease cash flow problems in the industry. The exemption has been granted on jet fuel, light diesel oil and kerosene oil, said an official of the FBR. more... (ET)

Political

UK visit: Khar expected to meet Clinton in London

Foreign Minister Hina Rabbani Khar is expected to meet US Secretary of State Hillary Clinton during her visit to London, sources told The Express Tribune. more... (ET)

Bill adopted by Senate with two-thirds vote

The adoption of the amendment by the upper house of parliament has cleared the way for the president to sign the bill which envisages an independent and powerful election commission, setting up of a neutral caretaker regime to hold general elections and restoration of 28 suspended lawmakers. more... (D)

Obama, Karzai discuss Afghan reconciliation

President Barack Obama has spoken to Afghan President Hamid Karzai to discuss efforts to reconcile with elements of the Taliban, including his meeting last week with Pakistani and Iranian leaders. more... (D)

MQM-H team visits PTI sectt


Pakistan Tehreek-e-Insaf (PTI) believes that those who carry out politics of unrest and armed conflicts are nothing more than armed mafias, and PTI will spread the message of peace and unity besides supporting all those parties that are in favour of a peaceful and weapon-free Sindh. more... (DT)

GCC

Africa seeks equitable trade terms with Gulf countries

Dubai African officials have called for greater equity and fairness in trade with the GCC countries that use agricultural land in Africa to feed their populations while famines continue to ravage the continent. more... (Gulf News)

Brent rises after Iran halts exports, Greek deal nears

Brent crude rose Monday, briefly hitting an eight-month high above $121 a barrel, as Iran halted exports to British and French companies ahead of a European Union embargo.Policy easing by China and hopes for a Greek bailout also buoyed prices. more... (Gulf News)

Tadawul turnover exceeds SR10.4 billion

The Saudi Stock market witnessed a bullish trend on Sunday as the Tadawul All-Share Index (TASI) added 39.65 points further to close at 6,869.95 levels. TASI earlier hit 6,813.32 points intra-day low level but later the market witnessed some buying interests, and the index moved into the green zone to hit 6,872.40 points and finally closed near this intra-day high level. On a year-to-date basis TASI crossed a positive return of 7 percent. more...(Zawya)

Beirut banking stocks advance amid slow activity

As the wave of block trading in banks fades, turnover on the Beirut Stock Exchange is again falling behind in a sign of continued uncertainty over developments in Syria and their potential spillovers in Lebanon. more... (Zawya)

Quote of the Day:

"Greatness is not found in possessions, power, position, or prestige. It is discovered in goodness, humility, service, and character."William Ward

 
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
20-Feb-12
17-Feb-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
78.51
0.32%
14.21%
14.31%
-9.70
     
20-Feb-12
17-Feb-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
856.10
856.10
-

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.48
11.62
11.67
11.77
Offer
11.98
11.87
11.92
12.27

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.60
11.50
11.75
11.70
11.80
11.85
Low  
11.00
11.25
11.65
11.60
11.65
11.70

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
90.95
120.30
1.16
144.20
24.85
1.33
0.75

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.70
11.82
11.92
Last Cut Off.
11.73
11.80
11.88
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.85
12.75
12.75
12.81
10 Y-PIB
13.00
12.95
12.87
12.91

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.95
1.96
2.03
2.23
4.10
8.19
12.95
Change bps
0.00
4.00
3.00
4.00
-1.00
0.00
8.00

Commodities

     
20-Feb-12
21-Feb-12
change
WTI (USD/bbl)    
104.99
104.92
-0.07%
     
Brent (USD/bbl)    
121.09
119.97
-0.92%
     
Arab Light (USD/bbl)    
119.55
120.71
0.97%

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
49,708.58
49,674.30
0.07%
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
1,737.00
1,735.90
0.06%
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.