BasedLine

Date: 23-February-2012
KSE-100 Index
Previous Index 12,544.45
Current Index 12,603.67
Change % 0.47%
YTD (CY11) 11.07%
YTD (FY12) 0.86%
KSE-100 Index
Previous Index 22,430.00
Current Index 22,367.67
Change % -0.28%
YTD (CY11) 11.07%
YTD (FY12) 6.84%
International Indicators
 
Close
%age
BSE-30 18,145.20 -1.54
HANGSENG 21,549.30 0.33
NIKKEI 225 9,554.00 0.96
FTSE 5,916.55 -0.20
DJIA 12,938.70 -0.21
SSEC 2,363.60 0.27
NASDAQ 2,933.17 -0.52
 
Close
%age
TASI 7,031.26 0.93
KSE(Kuwait) 6,088.50 -0.16
BSE 1,154.69 0.81
MSM 5,672.87 0.11
ADX 2,534.91 0.31
DFM 1,608.92 0.79
QSE 8,692.50 0.13
Capital Market Overview

Market Watch: Bourse gains amid healthy volumes

The stock market managed to close in the positive territory on Wednesday led by index heavyweight Oil and Gas Development Company (OGDC).The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.47 per cent or 59.22 points to end at the 12,603.67 point level. more... (ET)

NAVs and Returns
as of February 22, 2012
Funds Offer Redemption
POGSF
10.1465/-
10.1465/-
YTD Return
11.26%
POAIIF
52.4522/-
51.9277/-
YTD Return
12.37%
POAAAF
48.87/-
47.65/-
YTD Return
-5.68%
POIAAF
55.87/-
54.47/-
YTD Return
4.25%
POAF
11.07/-
YTD Return
11.72%
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
35.21
3,028
194.11
4.92
11.07%
KSE30
7.19
618
83.15
3.94
14.99%
KMI30
5.02
431
29.79
1.96
11.07%
KSE All
38.22
3,287
272.37
5.38
11.69%
February 22 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
177.72
118.17
-10.83%
OGDC
16.00
166.22
149.99
8.65%
UBL
2.00
66.65
45.45
7.66%
LUCK
1.70
93.31
38.63
31.72%
February 22 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
254.82
-270.13
-15.31
Foreign Corporates
2,392.57
-1,857.81
534.76
Overseas Pakistani
363.71
-298.45
65.26
Grand Total
3,011.10
-2,426.39
584.71
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
21-Feb-12
22-Feb-12
Change
Gross Buy
98.91
-38.65%
38.93
12.04%
5.32
3.01
-43.40%
Gross Sell
-93.09
0.38%
-32.66
16.92%
-4.43
-2.43
45.23%
Net Buy/(Sell)
5.69
-91.88%
6.14
-12.02%
0.88
0.58
-33.56%
S.C.R.A
Country
During the Period FY12TD
22-02-2012
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
21.74
-
-
33.00
-
-
-32.49
0.17
0.19
-0.02
Switzerland
19.96
0.35
-
29.64
1.27
-
-10.60
0.23
-
0.23
UAE
6.27
0.52
-
3.61
4.46
-
-1.81
0.14
-
0.14
UK
40.25
0.16
-
110.65
0.29
3.47
-74.03
0.21
2.71
-2.51
USA
127.26
-
-
210.56
-
19.06
-102.36
1.68
2.26
-0.58
Total
260.66
3.72
-
450.88
8.71
29.22
-224.97
4.10
5.17
-1.07
News Clippings
Economy

CPI slumps 10.7% during last 7 months: Shaikh


The country has witnessed decrease in Consumer Price Index (CPI) of 10.7 percent during the first seven-month of current financial year as compared to 14.3 percent recorded in corresponding period of last year fiscal year. more... (DT)

Debt markets are 5% of total banking market’

Debt markets in Pakistan are shallow as well as small with less than 5 percent of the primary banking market whereas bank deposits are 30 percent of the gross domestic product (GDP). more... (DT)

Agricultural credit releases surge 20%


Agricultural credit disbursement by banks surged 20 per cent to Rs149.658 billion in the first seven months (July-January) of the current fiscal year compared to the same period last year, according to data released by the State Bank of Pakistan (SBP) on Wednesday
.. more... (ET)

PIA’s MRO section fetches Rs 1.1b business in 2011


Deputy Managing Director PIA, Salim Sayani has claimed that the Pakistan International Airline has earned Rs1.1 billion in the year 2011 through its Maintenance, Repair and Overhaul business and it is expected to earn revenue of Rs1.4 billion during 2012.more... (N)

Company & Sector Update

Financial result: PTCL announces six-month earnings

Pakistan Telecommunication Company Limited’s (PTCL) has announced net profit of Rs2.84 billion in its half-year earnings for the six months ending December 31, says a press release issued on Wednesday. more... (ET)

Corporate results: Indus Motor half-yearly profits race away

Indus Motor Company’s profits almost doubled to Rs1.77 billion during July to December 2011 primarily due to higher sales and prices of its leading brand Toyota Corolla. more... (ET)

Engro cuts DAP price by Rs310

The Engro Fertilisers Limited on Wednesday reduced the DAP (di-ammonium phosphate) prices by Rs310 per bag, from Rs4,060 to Rs3,750 per bag, following reduction in international prices, effective immediately. more... (D)

17.94 million tons cement produced in seven months

All Pakistan Cement Manufacturers Association Chairman Aizaz Mansoor Shaikh has said that industry produced 17.94 million ton of cement in the first seven months of this fiscal year which is 3.94 percent higher than corresponding period of last fiscal year.more... (N)

Political

Indian delegation visit: Gilani reaffirms commitment to peace with New Delhi

Lauding the Indian prime minister’s peace efforts, Prime Minister Yousaf Raza Gilani expressed hope that the ongoing peace process between Pakistan and India would lead to a resolution of issues that have bedevilled the relationship between the two neighbours. more... (ET)

US should stop atrocities in Indian Kashmir: Fazl

Jamiat Ulema-e-Islam Fazl (JUI-F) Chief Maulana Fazlur Rahman said that the United States should compel India to stop atrocities in Indian administered Kashmir rather than taking up the Balochistan issue. more... (ET)

Haqqani sought US help for COAS removal

Mansoor Ijaz, the man who set off the memo scandal in October, made a much-awaited testimony on Wednesday before the commission constituted by the Supreme Court. more... (D)

Pakistan jets kill 15 Taliban militants: officials


Two war planes were sent to the area early this morning after reports from local intelligence sources that militants from Tehreek-e-Taliban Pakistan (TTP) were hiding in the mountainous region,” a senior military officer told AFP. more... (D)

GCC

Dubai obtains $675m financing for Al Sufouh tramway project

The Dubai Department of Finance announced Wednesday that it has completed dual currency financing of $675 million (Dh2.48 billion) to complete phase 1 of the construction of the Al Sufouh Tram project.. more... (Gulf News)

UAE's January average oil output at 2.58m bpd

Abu Dhabi The UAE's average oil output in January was at 2.58 million barrels per day (bpd), unchanged from December, latest data from the Paris-based International Energy Agency (IEA) showed. more... (Gulf News)

Etisalat to quit Indian telecoms market

Etisalat of the United Arab Emirates has announced plans to leave India's telecoms market, adding to the ongoing reverberations of a recent Supreme Court decision cancelling 122 mobile licences. more...(Zawya)

Oman crude output up by 2.3%

Rain and labour unrest were some of the factors that caused a marginal decline in state-run Petroleum Development Oman’s (PDO) oil production, although the country’s oil production increased by 2.3 per cent in 2011. more... (Zawya)

Quote of the Day:

"Everybody counts, everybody deserves a chance, everybody has a responsible role to play and we all do better when we work together."Bill Clinton

 
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-Jan 12)
$-2.63bn
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
22-Feb-12
21-Feb-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
78.42
0.00%
14.26%
14.25%
1.10
     
22-Feb-12
21-Feb-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
834.12
842.80
-8.68

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.50
11.64
11.69
11.80
Offer
12.00
11.89
11.94
12.30

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

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
91.25
120.46
1.47
142.94
24.86
1.32
0.75

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.75
11.85
11.95
Last Cut Off.
11.73
11.80
11.88
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.90
12.85
12.75
12.81
10 Y-PIB
13.06
13.02
12.97
12.91

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.98
1.98
2.02
2.11
4.05
8.22
13.02
Change bps
1.00
-9.00
-4.00
-11.00
-1.00
4.90
5.00

Commodities

     
22-Feb-12
23-Feb-12
change
WTI (USD/bbl)    
106.15
105.88
-0.25%
     
Brent (USD/bbl)    
121.41
122.81
1.15%
     
Arab Light (USD/bbl)    
121.19
123.04
1.53%

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
50,792.83
50,334.28
0.91%
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
1,774.50
1,757.70
0.96%
Sugar 11 (USD/lb)
24.71
24.47
0.98%
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.