BasedLine

Date: 27-February-2012
KSE-100 Index
Previous Index 12,515.92
Current Index 12,706.52
Change % 1.52%
YTD (CY11) 11.97%
YTD (FY12) 1.68%
KSE-100 Index
Previous Index 22,220.71
Current Index 22,655.25
Change % 1.96%
YTD (CY11) 12.50%
YTD (FY12) 8.21%
International Indicators
 
Close
%age
BSE-30 17,923.60 -0.86
HANGSENG 21,406.90 0.12
NIKKEI 225 9,647.38 0.54
FTSE 5,935.13 0.05
DJIA 12,983.00 -0.01
SSEC 2,461.38 -0.89
NASDAQ 2,963.75 0.23
 
Close
%age
TASI 7,088.48 0.18
KSE(Kuwait) 6,088.50 0.00
BSE 1,143.64 -0.91
MSM 5,716.28 0.35
ADX 2,571.58 1.28
DFM 1,676.49 2.71
QSE 8,776.82 0.50
Capital Market Overview

Weekly review: Stocks rally as focus shifts to earnings

There was no stopping the bulls at the country's bourses as the market's impressive rally continued, with the benchmark KSE-100 index closing a 45-month high after climbing 1.7% or 211 points during the week ended February 24. more... (ET)

NAVs and Returns
as of February 24, 2012
Funds Offer Redemption
POGSF
10.1535/-
10.1535/-
YTD Return
11.27%
POAIIF
52.4772/-
51.9424/-
YTD Return
12.34%
POAAAF
49.64/-
48.40/-
YTD Return
-4.20%
POIAAF
56.44/-
55.03/-
YTD Return
5.32%
POAF
11.08/-
YTD Return
11.75%
Funds Rating
AMC
AM3
POAIIF
A+ (f)
POAF
AA-
POAAAF
3 Star
POIAAF
5 Star
  Jan-12 Dec-11
MoM (%)
AUM's (PKR bn) 320.28 264.26 50.56%
No of AMCs 24 24 -
No of Funds 124 123 0.81%
KSE Market Data
KSE Market Data
Capitalization
Volume
Traded Val.
KSE Return
 
(USD bn)
(Rs. bn)
(Sh. mn)
(Rs.bn)
(YTD)
KSE100
35.49
3,052
138.89
6.37
11.97%
KSE30
7.27
626
79.74
5.55
16.37%
KMI30
5.08
437
48.87
3.79
12.50%
KSE All
38.49
3,310
192.35
6.79
12.54%
February 24 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
179.10
118.11
-10.14%
OGDC
16.50
165.86
149.90
8.41%
UBL
2.00
66.41
45.43
7.27%
LUCK
1.70
95.43
38.61
34.71%
February 24 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
18.93
-77.99
-59.07
Foreign Corporates
3,824.29
-1,510.42
2,313.88
Overseas Pakistani
692.18
-1,127.33
-435.15
Grand Total
4,535.40
-2,715.73
1,819.66
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
23-Feb-12
24-Feb-12
Change
Gross Buy
104.73
-38.58%
44.76
2.30%
1.42
4.54
218.28%
Gross Sell
-98.53
-6.74%
-38.10
-18.36%
-2.85
-2.72
4.65%
Net Buy/(Sell)
6.07
-90.86%
6.51
-329.12%
-1.42
1.82
227.86%
S.C.R.A
Country
During the Period FY12TD
24-02-2012
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
-
-
-32.51
-
0.01
-0.01
Switzerland
21.80
0.35
-
29.64
1.27
-
-8.76
1.84
-
1.84
UAE
6.71
0.52
-
3.68
4.46
-
-1.44
0.22
0.07
0.15
UK
40.25
0.16
-
111.85
0.29
3.47
-75.23
-
0.39
-0.39
USA
128.65
-
-
211.09
-
19.06
-101.49
1.21
0.47
0.74
Total
264.41
3.72
-
452.71
8.71
29.22
-223.04
3.33
0.94
2.40
News Clippings
Economy

Rs.1798.987bn notes in circulation


The total number of currency notes in circulation throughout the country increased to Rs.1798.987 billion, according to a State Bank of Pakistan report for the week ending on February 10. The corresponding figure for the week ending on February 3 was Rs.1754.920 billion notes. more... (BR)

OICCI sees $3bn investment

Foreign investors and members of Overseas Investors Chambers of Commerce and Industry (OICCI) have indicated positive investment plans of approximately $3billion in the next two to five years despite issues of security, access to energy and governance. more... (D)

Shariah compliance and public sector borrowing


As the debate on public sector borrowing intensified in the wake of the recent US debt crisis, and before that the adverse budgetary situations in a number of European countries, including but not limited to Greece and Ireland, led to political debate on the issue, it would be instructive to look into Shariah guidelines for public debt. more... (ET)

Import bill of oil rises in 7 months


Import bill of oil and eatables surged by 23 per cent in the first seven months of 2011-12 over the same period last year, causing higher than expected trade deficit. more... (D)

Company & Sector Update

Exploited sector: Farmers overcharged for urea, dealers pocket Rs14b

Fertiliser dealers are likely to have pocketed Rs14 billion because of a wide difference between prices of imported commodity and local produce and to check this trend a proposal has been floated for increasing the sale price of imported urea to reduce the gap. more... (ET)

Target for textile exports may not be achieved

Pakistan's export of textile and clothing plunged for the fourth consecutive month in January this year from a year ago, as continuing global recession cut demand from key markets, like Europe and United States.more... (ET)

Private sector airport opens up new avenues of businesses

The first private sector airport of Pakistan is not only helping traditional export industries of Sialkot but has also created an environment in which people are taking interest in new businesses like flower exports and meat processing industries that need air route for shipments abroad. more... (DT)

EOBI plans to invest in energy schemes

The Employees Old-Age Benefits Institution (EOBI) is planning to invest money in alternative energy schemes to enhance its revenues and help ease the energy crisis in the country. more... (D)

Political

Professionals, not politicians, to handle energy sector: PTI

The Pakistan Tehreek-e-Insaaf (PTI) on Sunday announced it will delegate decision-making authority from politicians to professionals in the energy sector to tackle the prevailing crisis. more... (ET)

PTI boycott call fails to affect bypoll turnout

Pakistan Tehrik-i-Insaaf's decision to boycott the by-elections held over the weekend appears to have left the PTI itself bruised, rather than its political rivals. more... (D)

Key ministries yet to agree on negative list for trade with India

The government has promised to complete the negative list for trade with India by the end of this month but differences between two key ministries concerned on certain points are making it difficult to give it a final shape. more... (D)

Transparent election to be ensured by 20th amendment: PML-N

Central Leader Pakistan Muslim League (PML-N), Ahsan Iqbal on Sunday said passage of the 20th amendment of the Constitution is a positive step and will help ensure transparency in the upcoming election. more... (D)

GCC

UAE banks see low profit growth

Dubai UAE banks saw another year of modest profit growth as continued high provisioning and lower fee incomes took a heavy toll on performance. more... (Zawya)

Iraq cuts oil exports to Jordan by almost half

Iraq's crude oil exports to Jordan have dropped to 6,000 barrels per day (bpd), an official said. Instead of 10,000 bpd Jordan now receives 6,000 bpd through the oil tankers trafficking between the two countries. more... (Zawya)

TDIC plans to tap debt markets to fund UAE projects

The Tourism Development and Investment Corporation (TDIC) is tapping the private equity market for two new projects, including a retail development on Saadiyat Island. more...(Gulf News)


Crude prices set to soar further


" Global crude prices are likely to continue their upward movement this week, boosted by a weaker dollar, Iran's unresolved nuclear issues with the West and supply disruptions in some of the oil producing countries, experts say. more... (Zawya)

Quote of the Day:

"A budget tells us what we can't afford, but it doesn't keep us from buying it."

William Feather

 
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
24-Feb-12
23-Feb-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
78.92
-0.01%
14.08%
14.07%
0.90
     
24-Feb-12
23-Feb-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
843.79
840.26
3.52

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.53
11.62
11.68
11.79
Offer
12.03
11.87
11.93
12.29

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.90
11.80
11.70
11.75
11.80
11.85
Low  
11.50
11.65
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
121.00
1.15
144.70
24.95
1.31
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
12.95
12.91
12.91
12.81
10 Y-PIB
13.12
13.06
13.00
12.91

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.98
1.88
1.97
2.07
4.06
8.23
13.06
Change bps
1.00
0.00
-3.00
-3.00
0.00
2.90
6.00

Commodities

     
24-Feb-12
27-Feb-12
change
WTI (USD/bbl)    
108.55
109.52
0.89%
     
Brent (USD/bbl)    
124.02
124.93
0.73%
     
Arab Light (USD/bbl)    
123.93
125.63
1.37%

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
50,912.84
50,998.54
-0.17%
Rice IRRI -6(Rs/100kg)
3,246.00
3,207.00
1.22%
KCA Cotton (Rs/mound)
5,500.00
5,800.00
-5.22%
International
Current
Previous
Change
Coal Spot(USD/ton)
117.60
116.45
0.99%
Gold Futures
1,777.50
1,781.30
-0.21%
Sugar 11 (USD/lb)
25.22
24.86
1.45%
Steel (USD/ton)
674.31
673.49
0.12%
Wheat (CBT) (USD/bu)
641.25
641.00
0.04%
PTA (USD/ton)
1,210.00
1,215.00
-0.41%
Copper (USD/ton)
8,553.00
8,394.75
1.89%

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.