BasedLine

Date: 24-February-2012
KSE-100 Index
Previous Index 12,603.67
Current Index 12,515.92
Change % -0.70%
YTD (CY11) 10.30%
YTD (FY12) 0.16%
KSE-100 Index
Previous Index 22,367.67
Current Index 22,220.71
Change % -0.66%
YTD (CY11) 10.34%
YTD (FY12) 6.14%
International Indicators
 
Close
%age
BSE-30 18,078.50 -0.37
HANGSENG 21,381.00 -0.78
NIKKEI 225 9,595.57 0.44
FTSE 5,937.89 0.36
DJIA 12,984.70 0.36
SSEC 2,363.60 0.27
NASDAQ 2,956.98 0.81
 
Close
%age
TASI 7,031.26 0.93
KSE(Kuwait) 6,088.50 -0.16
BSE 1,154.13 -0.05
MSM 5,696.32 0.41
ADX 2,539.20 0.17
DFM 1,632.27 1.45
QSE 8,732.75 0.46
Capital Market Overview

Market Watch: Bourse falls on across the board selling

The stock market witnessed a breather from the recent upward spree on Thursday as investors opted to book profits.The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.7 per cent or 87.75 points to end at the 12,515.92 point level. more... (ET)

NAVs and Returns
as of February 23, 2012
Funds Offer Redemption
POGSF
10.1512/-
10.1512/-
YTD Return
11.29%
POAIIF
52.4646/-
51.9400/-
YTD Return
12.35%
POAAAF
48.58/-
47.37/-
YTD Return
-6.24%
POIAAF
55.68/-
54.29/-
YTD Return
3.90%
POAF
11.08/-
YTD Return
11.76%
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
3,007
127.65
3.17
10.30%
KSE30
7.13
613
37.72
2.22
13.98%
KMI30
5.02
431
21.98
1.42
10.34%
KSE All
37.96
3,265
178.05
3.55
10.92%
February 23 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
173.26
118.17
-13.07%
OGDC
16.00
162.69
149.99
6.34%
UBL
2.00
65.38
45.45
5.60%
LUCK
1.70
93.67
38.63
32.23%
February 23 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
67.70
-37.69
30.01
Foreign Corporates
832.27
-2,372.51
-1,540.24
Overseas Pakistani
524.99
-437.90
87.09
Grand Total
1,424.96
-2,848.10
-1,423.14
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
22-Feb-12
23-Feb-12
Change
Gross Buy
100.30
-38.76%
40.33
8.10%
3.01
1.42
-52.66%
Gross Sell
-95.88
-1.34%
-35.44
9.46%
-2.43
-2.85
17.21%
Net Buy/(Sell)
4.33
-93.65%
4.78
-5.22%
0.58
-1.42
-345.37%
S.C.R.A
Country
During the Period FY12TD
23-02-2012
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
21.75
-
-
33.00
-
-
-32.50
0.01
0.02
-0.01
Switzerland
19.96
0.35
-
29.64
1.27
-
-10.60
-
-
-
UAE
6.49
0.52
-
3.61
4.46
-
-1.59
0.22
-
0.22
UK
40.25
0.16
-
111.46
0.29
3.47
-74.83
0.00
0.81
-0.81
USA
127.44
-
-
210.62
-
19.06
-102.23
0.18
0.06
0.13
Total
261.08
3.72
-
451.77
8.71
29.22
-225.44
0.42
0.89
-0.47
News Clippings
Economy

Forex reserves fall to $16.64 billion: SBP


Pakistan’s foreign exchange reserves fell to $16.64 billion in the week ending Feb 17, compared with $16.77 billion the previous week, the central bank said on Thursday. more... (D)

Forex outflow witnesses 57.8% growth in 1HFY12

The prevailing energy crisis, poor governance and uncertain political situation has hurt confidence of foreign investors and traders who pulled out $195.5 million in the first half of the current fiscal year 2011-12 (1HFY12), State Bank of Pakistan (SBP) said on Thursday . more... (DT)

Pakistan to start repaying IMF loans from today


Pakistan will start repaying its loans, starting from a $7.6 billion repayment, from today (Friday), of which $417 billion would be paid to the International Monetary Fund (IMF). Next $433 million will be paid on May 29 and $140 million will be paid by June 30. more... (DT)

REAP for improving rice exports


Rice Exporters Association of Pakistan (REAP) Vice Chairman Safdar Mehkri highlighted the potential of Pakistani export surplus of rice and identified the hurdles faced by exporters while doing business with their Iranian counterparts .more... (DT)

Company & Sector Update

Corporate results: OGDC profits jump 32% to Rs41.57 billion

Oil and Gas Development Company (OGDC) profits jumped 32% to Rs41.57 billion during July to December 2011 on the back of higher revenue. more... (ET)

Iran to buy Pakistani wheat: Iranian Minister

This was stated by the Deputy Commerce Minister of Iran, Abbas Qobadi while talking to President and members of Karachi Chamber of Commerce at a hurriedly convened meeting here Wednesday. more... (D)

Telecom sector’s contribution in tax stands around Rs 110bn

The heads and Chief Executive Officers (CEOs) of the major telecom companies called on Prime Minister Syed Yousuf Raza Gilani on Thursday. more... (DT)

PIA gets best Haj service award.

The 7th Consumer Choice Awards ceremony organised by Consumer Association of Pakistan was held here at a local hotel, where 104 manufacturers /Companies and service providers of Pakistan were awarded shields for their quality products and services .more... (N)

Political

May 12 mayhem: Sindh High Court summons Musharraf

The Sindh High Court on Friday issued a notice summoning former president Pervez Musharraf in the May 12, 2007, Karachi violence case, Express News reported. more... (ET)

Desperate times: Govt rolls out amnesty offer for Baloch dissidents

With no progress despite heightened urgency, the government seems to have taken some desperate steps to break a crippling impasse on Balochistan – political, monetary and security-related. more... (ET)

Suicide attack on Peshawar police station kills four

Four policemen were killed when suicide bombers blew themselves up in an attack on a police station in northwest Pakistan on Friday, officials said. more... (D)

Admiral (r) Nishat Rafi joins MQM


Addressing a press conference at the MQM’s headquarters on Thursday, he said, “I express my full confidence in the leadership of Altaf Hussain and announce joining the MQM with my free will.” He said MQM could bring internal and external stability for the country and open the paths of progress and development. more... (DT)

GCC

Loan recovery by banks stymied by Dubai legal limbo

More than two years after Dubai was affected by the global financial crisis, the restructuring of corporate debts remains in legal limbo as it is unclear how banks can get their money back from government-linked enterprise. more... (Gulf News)

Carbon tax unfair to Gulf carrierss

The carbon tax imposed by the European Union on carriers for using European airspace is nothing short of "penalising" the Gulf carriers even though they boast a young and fuel-efficient fleet, according to a senior industry executive. more... (Gulf News)

Greece Eyes Libyan Oil After Iran Embargo

Iran has announced it was halting exports to several European countries, in apparent retaliation for an oil embargo that is to come fully into effect July 1 as part of Western sanctions against Tehran's nuclear program. more...(Zawya)

Friends of Syria' to mull aid demand: US official.

"The challenge is on the Syrian regime to respond to this," the official said, adding that Secretary of State Hillary Clinton had discussed the "unified humanitarian proposal" with counterparts on the sidelines of an international conference on Somalia in London on Thursday.. more... (Zawya)

Quote of the Day:

"It’s easy to have faith in yourself when you’re a winner, when you’re number one. What you’ve got to have is faith in yourself when you’re not a winner."Vince Lombardi

 
Economic Highlights
Economic Indicators
GDP Growth FY12E
3.60%
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
23-Feb-12
22-Feb-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
78.93
0.65%
14.07%
14.26%
-19.00
     
23-Feb-12
22-Feb-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
840.26
834.12
6.14

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.45
11.62
11.68
11.78
Offer
11.95
11.87
11.93
12.28

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
9.05
11.25
11.70
11.70
11.80
11.85
Low  
9.00
11.10
11.60
11.60
11.65
11.70

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
91.20
121.60
1.15
143.80
24.83
1.31
0.75

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.70
11.83
11.92
Last Cut Off.
11.73
11.80
11.88
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.95
12.91
12.85
12.81
10 Y-PIB
13.06
13.00
13.02
12.91

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.97
1.88
2.00
2.10
4.06
8.20
13.00
Change bps
-1.00
-1.00
-2.00
-1.00
1.00
-2.50
-2.00

Commodities

     
23-Feb-12
24-Feb-12
change
WTI (USD/bbl)    
105.88
108.55
2.52%
     
Brent (USD/bbl)    
122.81
124.02
0.99%
     
Arab Light (USD/bbl)    
123.04
123.93
0.72%

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
50,998.54
50,792.83
0.40%
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
1,781.30
1,774.50
0.38%
Sugar 11 (USD/lb)
24.86
24.71
0.61%
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.