BasedLine

Date: 22-February-2012
KSE-100 Index
Previous Index 12,517.90
Current Index 12,544.45
Change % 0.21%
YTD (CY11) 10.55%
YTD (FY12) 0.39%
KSE-100 Index
Previous Index 22,299.85
Current Index 22,430.00
Change % 0.58%
YTD (CY11) 11.38%
YTD (FY12) 7.14%
International Indicators
 
Close
%age
BSE-30 18,428.60 0.76
HANGSENG 21,478.70 0.25
NIKKEI 225 9,463.02 -0.23
FTSE 5,928.20 -0.29
DJIA 12,965.70 0.12
SSEC 2,363.60 0.27
NASDAQ 2,948.57 -0.11
 
Close
%age
TASI 6,966.73 0.90
KSE(Kuwait) 6,098.20 -0.27
BSE 1,145.45 -0.36
MSM 5,666.77 -0.16
ADX 2,527.04 0.91
DFM 1,596.26 1.74
QSE 8,681.01 0.35
Capital Market Overview

Market Watch: Volumes jump to 22-month high

Volumes jumped to a 22-month high as investors participation rose on a flurry of banking sectors results on Tuesday in a volatile session.
The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.21 per cent or 26.55 points to end at the 12,544.45 point level. more... (ET)

NAVs and Returns
as of February 21, 2012
Funds Offer Redemption
POGSF
10.1441/-
10.1441/-
YTD Return
11.27%
POAIIF
52.4398/-
51.9154/-
YTD Return
12.38%
POAAAF
48.97/-
47.75/-
YTD Return
-5.48%
POIAAF
56.01/-
54.61/-
YTD Return
4.52%
POAF
11.07/-
YTD Return
11.74%
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
35.05
3,014
197.84
5.93
10.55%
KSE30
7.18
617
90.05
4.84
14.84%
KMI30
5.03
433
47.39
2.70
11.38%
KSE All
38.07
3,274
322.47
6.68
11.25%
February 21 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
179.39
118.17
-9.99%
OGDC
16.00
163.31
149.99
6.75%
UBL
2.00
63.61
45.45
2.75%
LUCK
1.70
93.76
38.63
32.35%
February 21 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
310.69
-255.28
55.41
Foreign Corporates
4,289.15
-3,371.60
917.55
Overseas Pakistani
717.78
-807.31
-89.53
Grand Total
5,317.62
-4,434.19
883.43
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
20-Feb-12
21-Feb-12
Change
Gross Buy
95.97
-39.47%
35.99
12.21%
0.77
5.32
593.55%
Gross Sell
-90.72
4.31%
-30.29
36.60%
-1.01
-4.43
-340.37%
Net Buy/(Sell)
5.13
-93.00%
5.58
-44.96%
-0.24
0.88
467.79%
S.C.R.A
Country
During the Period FY12TD
20-02-2012
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
-
-
-32.47
-
-
-
Switzerland
19.73
0.35
-
29.64
1.27
-
-10.83
-
-
-
UAE
6.12
0.52
-
3.61
4.46
-
-1.95
-
-
-
UK
40.04
0.16
-
107.93
0.29
3.47
-71.52
0.02
0.19
-0.17
USA
125.58
-
-
208.30
-
19.06
-101.77
-
-
-
Total
256.56
3.72
-
445.72
8.71
29.22
-223.90
0.02
0.19
-0.17
News Clippings
Economy

Rupee depreciates against dollar


In the currency market, the rupee ended marginally weaker at 90.86/91 to the dollar, compared with Monday’s close of 90.85/95, but dealers expect pressure to continue because of higher import payments, especially for oil. more... (N)

Revenue to grow by 17pc per year

The economic growth of the country would reach 4.7 per cent by fiscal year 2014 while the growth during the current year is expected at 3.8 per cent, official document revealed. more... (TFD)

First sugar futures contract launched at PMEX


Pakistan Mercantile Exchange Limited (PMEX) announced the commencement of trading, said PMEX Managing Director Samir Ahmed. PMEX has currently three contracts in the months of March, April and May 2012 and this futures contract launch marks a big step forward in the domestic commodities portfolio of PMEX, he added. . more... (DT)

Fiscal deficit stands at 3.1% of GDP

The finance secretary said on Tuesday that the fiscal deficit stood at 3.1% of the Gross Domestic Growth (GDP) during July 2011 to January 2012, according to a statement released by the finance ministry. more... (ET)

Company & Sector Update

Corporate results: MCB Bank profits grow 15%, below market expectation

MCB Bank managed to take profits up by 15% to Rs19.4 billion in 2011, but failed to cheer investors as they expected more from the financial giant. more... (ET)

Corporate results: United Bank profits jump 39% to Rs15.5 billion

United Bank beat market expectation by posting net profit increase of 39% on the back of all around improvement in 2011. Net profit stood at Rs15.5 billion during the year compared with Rs11.2 billion in 2010, according to unconsolidated results announced on Tuesday.more... (ET)

Cement sector’s profitability doubles

Cement companies reported a gigantic growth in their profitability during the first half of fiscal year 2011-12 (1HFY12). According to data, cumulative profitability of 6 cement companies increased by 2.2x to Rs4.8 billion in 1HFY12. more... (TFD)

KESC net loss at Rs2.8bn

Karachi Electric Supply Company (KESC) posted loss for the six months ended Dec 31, at Rs2.8. billion, a shade lower than Rs3.1 billion suffered in the same time last year. more... (D)

Political

SC resumes PM’s contempt of court hearing

The Supreme Court on Wednesday resumed contempt of court proceedings against Prime Minister Yousuf Raza Gilani, DawnNews reported.A seven-member bench, presided by Justice Nasir-ul-Mulk, was hearing the case. more... (D)

Musharraf to be brought back with Interpol help

Interior Minister Rehman Malik on Tuesday informed members of the Sindh Assembly that soon former president Gen (retd) Pervez Musharraf would be brought back to the country to face trial in the Benazir Bhutto assassination case, following issuance of red warrants by the trial court to Interpol. more... (D)

Sindh governor presents charter of SMI University

Sindh Governor Dr Ishratul Ibad Khan on Tuesday handed over the charter of Sindh Madressatul Islam (SMI) University to Dr Muhammad Ali Shaikh and also appointing him as its first vice chancellor. more... (DT)

Pakistan’s Khar to meet Clinton to discuss strains


Pakistani Foreign Minister Hina Rabbani Khar on Tuesday urged Washington to establish a “predictable, transparent and sustainable” relationship ahead of a meeting with US Secretary of State Hillary Clinton to repair damaged ties. more... (D)

GCC

Firms in DIFC increase 7 per cent in 2011

The Dubai International Financial Centre (DIFC) said Tuesday the number of companies operating from the financial services free zone increased seven per cent in 2011. more... (Gulf News)

Source: Greece to get $170b bailout, reduce debt

After more than 12 hours of talks, the countries that use the euro reached an agreement early on Tuesday to hand Greece 130 billion euro ($170 billion) in extra bailout loans to save it from a potentially disastrous default next month, an European Union diplomat said. more... (Gulf News)

QIB's2011 net profit up 8% to QR 1.365 Billion

The core business of the bank has grown strongly, leading to an18% increase in net operating income which reached QR 2.68billion at the end of 2011 compared to QR 2.28billion in the corresponding period of last year. more...(Zawya)

Stimulants urged to boost GCC bourses

Stock markets in Gulf oil producers need to introduce stimulants as part of a series of measures aimed at upgrading their performance and preventing sharp fluctuations following one of their largest declines in 2011. more... (Zawya)

Quote of the Day:

"Courage is not the absence of fear, but rather the judgement that something else is more important than fear.."James Neil Hollingworth

 
Economic Highlights
Economic Indicators
GDP Growth FY12E
3.80%
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
21-Feb-12
20-Feb-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
78.42
-0.11%
14.25%
14.21%
3.80
     
21-Feb-12
20-Feb-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
842.80
856.10
-13.30

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.48
11.63
11.68
11.79
Offer
11.98
11.88
11.93
12.29

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.75
11.60
11.75
11.70
11.80
11.85
Low  
11.00
11.40
11.65
11.60
11.65
11.70

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
91.15
121.00
1.15
143.87
24.85
1.32
0.75

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.75
11.85
11.94
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
13.03
12.97
12.95
12.91

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.97
1.98
2.06
2.22
4.06
8.17
12.97
Change bps
2.00
2.00
3.00
-1.00
-4.00
-1.30
2.00

Commodities

     
21-Feb-12
22-Feb-12
change
WTI (USD/bbl)    
104.92
106.15
1.17%
     
Brent (USD/bbl)    
119.97
121.41
1.20%
     
Arab Light (USD/bbl)    
120.71
121.19
0.40%

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
50,334.28
49,708.58
1.26%
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
1,757.70
1,737.00
1.19%
Sugar 11 (USD/lb)
24.47
23.77
2.94%
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.