BasedLine

Date: 28-February-2012
KSE-100 Index
Previous Index 12,706.52
Current Index 12,743.66
Change % 0.29%
YTD (CY11) 12.30%
YTD (FY12) 1.98%
KSE-100 Index
Previous Index 22,655.25
Current Index 22,686.31
Change % 0.14%
YTD (CY11) 12.66%
YTD (FY12) 8.36%
International Indicators
 
Close
%age
BSE-30 17,445.80 -2.67
HANGSENG 21,217.90 -0.88
NIKKEI 225 9,633.93 -0.14
FTSE 5,915.55 0.33
DJIA 12,981.50 -0.01
SSEC 2,438.89 -0.33
NASDAQ 2,966.16 0.08
 
Close
%age
TASI 7,149.74 0.86
KSE(Kuwait) 6,088.50 0.00
BSE 1,145.91 0.20
MSM 5,747.33 0.54
ADX 2,575.13 0.14
DFM 1,654.20 -1.33
QSE 8,758.36 -0.21
Capital Market Overview

Market Watch: Bourse continues to strengthen position

Renewed investor interest in oil and cement stocks on the first trading session of the week pushed the index to levels not seen since 2010. The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.29% or 37.14 points to end at the 12,743.66 point level. more... (ET)

NAVs and Returns
as of February 27, 2012
Funds Offer Redemption
POGSF
10.1599/-
10.1599/-
YTD Return
11.22%
POAIIF
52.5147/-
51.9896/-
YTD Return
12.29%
POAAAF
49.66/-
48.42/-
YTD Return
-4.16%
POIAAF
56.72/-
55.30/-
YTD Return
5.84%
POAF
11.08/-
YTD Return
11.73%
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
33.96
2,920
129.92
5.93
12.30%
KSE30
7.30
627
75.72
5.39
16.72%
KMI30
5.08
437
47.64
3.38
12.66%
KSE All
34.53
2,970
205.79
7.31
12.84%
February 27 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
179.60
118.27
-9.88%
OGDC
16.50
165.69
150.12
8.30%
UBL
2.00
69.72
45.49
12.62%
LUCK
1.70
95.05
38.67
34.18%
February 27 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
125.31
-116.85
8.46
Foreign Corporates
3,424.77
-5,036.24
-1,611.47
Overseas Pakistani
669.09
-568.48
100.61
Grand Total
4,219.17
-5,721.57
-1,502.40
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
24-Feb-12
27-Feb-12
Change
Gross Buy
108.86
-38.68%
48.88
11.72%
4.54
4.22
-7.07%
Gross Sell
-104.12
-5.75%
-43.69
-6.37%
-2.72
-5.72
110.35%
Net Buy/(Sell)
4.63
-93.25%
5.08
-278.63%
1.82
-1.50
-182.55%
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
-
-
12.42
-
-
-4.81
-
0.29
-0.29
Luxembourg
21.75
-
-
33.00
-
-
-32.82
-
0.31
-0.31
Switzerland
22.39
0.35
-
29.64
1.27
-
-8.17
0.59
-
0.59
UAE
6.71
0.52
-
3.68
4.46
-
-1.44
-
-
-
UK
40.46
0.16
-
111.88
0.29
3.47
-75.04
0.21
0.03
0.19
USA
130.10
-
-
211.88
-
19.06
-100.83
1.45
0.79
0.66
Total
266.67
3.72
-
455.13
8.71
29.22
-223.20
2.26
2.42
2.40
News Clippings
Economy

Supporting role: SBP acts as a lifeline for federal budget

Any decision to stop liquidity injection and financing the federal government’s budget may eventually result into a downgrade of Pakistan’s credit ratings and collapse of financial institutions, said State Bank of Pakistan Governor Yaseen Anwar here on Monday. more... (ET)

Govt issues 20 more CNG licences, despite ban

Despite a ban on licences for new compressed natural gas (CNG) stations, the government has issued 20 new marketing licences allegedly under pressure from influential lobbies, sparking a new controversy. more... (ET)

Pakistan eyes $1.3bn from US

Showing an ease in Pak-US tension, the United States has indicated to disburse withheld bills under the Coalition Support Fund for services provided by Pakistan to coalition forces in Afghanistan, according to a senior finance ministry official. more... (ET)

Lacklustre conditions on cotton market

Cotton market on Saturday lacked normal trading interest as ginners and spinners remained locked in price war owing to unsettled conditions on the major world trading centres. more... (D)

Company & Sector Update

Case filed against PSO in US court

ICC Chemical Corporation has filed a case against Pakistan State Oil (PSO) in a US court, alleging that PSO has caused losses to it by breaching a contract for import of base oil. more... (ET)

Fertiliser sector output falls to 71% of capacity

2011 was the worst year for domestic fertiliser plants as they produced just 4.9 million tons of urea against an installed capacity of 6.9 million tons due to announced and unannounced gas shortages. SNGPL based fertiliser plants were the worst hit and managed capacity utilisation of just 31%. more... (ET)

CNG price goes up

The government has imposed an unusual general sales tax on the recently introduced Gas Infrastructure Development Cess raising the compressed natural gas (CNG) prices by Rs1.06 to Rs75.35 per kg in the Potohar region. more... (ET)

ZTBL allocates Rs6.9 billion for tractor financing

Zarai Taraqiati Bank Limited (ZTBL) under the tractor financing scheme has started financing the farmers to help them mechanize the agriculture sector to enhance per hectare yield in the country.more... (BR)

Political

NA session: Opposition to grill govt on radio tax, media laws

The Pakistan Muslim League-Nawaz (PML-N) on Monday hinted at re-launching its campaign to hold fresh elections, adding that the party would quiz the government regarding the imposition of radio tax, increase in the price of petroleum products and manhandling of polling staff in the upcoming National Assembly (NA) session. more... (ET)

PM contempt: Aitzaz submits application to bring in witnesses

Prime Minister Yousaf Raza Gilani’s counsel Barrister Aitzaz Ahsan submitted an application in the Supreme Court on Monday seeking permission to bring witnesses in the contempt of court case. more... (ET)

Slapper's poll results withheld

Election Commission withheld result while taking notice of PPP candidate's torture on polling staff. Election Commission of Pakistan has withheld the result of by-election for the PS-53 Tando Muhammad Khan after incident of beating polling staff by a PPP candidate Waheeda Shah. more... (TFD)

Karzai says has sought Pak help

Afghan President Hamid Karzai admitted at a news conference to having asked Pakistan to facilitate talks between the Afghan government and the Taliban. President Karzai said that he had clearly expressed his demands to Pakistani officials during his recent visit to Islamabad. He asked for Islamabad to play a practical role in Afghan peace talks. more... (TFD)

GCC

Bull rally continues in Dubai as volumes return to levels seen in April 2010

Dubai's benchmark index extended its bull-market rally on Sunday as trading volumes returned to levels not seen since April 2010. more... (Gulf News)

Combined value of projects under construction $1.25tr

The combined value of current construction projects in the UAE is about $1.25 trillon (Dh4.59 trillion), figures from research conducted by Ventures Middle East reveals. more... (Gulf News)

HSBC earns $21.9b pre-tax profit

HSBC Holdings yesterday reported $21.9 billion pre-tax profit, an increase of 15 per cent over the $19 billion earned in 2010. more...(Gulf News)


UAE to back Pakistan’s quest for free trade agreement with the GCC

Abu Dhabi The meeting between the foreign ministers of the UAE and Pakistan confirmed the continued strong alliance and cooperation between the two countries. more... (Zawya)

Quote of the Day:

"Effort only fully releases its reward after a person refuses to quit. "

Napoleon Hill

 
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
27-Feb-12
24-Feb-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
79.072
0.19%
14.03%
14.08%
-4.80
     
27-Feb-12
24-Feb-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
842.81
843.79
-0.98

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.53
11.63
11.68
11.79
Offer
12.03
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  
11.90
11.80
11.70
11.75
11.80
11.85
Low  
11.75
11.70
11.60
11.60
11.65
11.70

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
90.98
121.85
1.14
143.93
24.80
1.29
0.75

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.72
11.85
11.93
Last Cut Off.
11.73
11.80
11.88
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.97
12.93
12.91
12.81
10 Y-PIB
13.15
13.13
13.06
12.91

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.97
1.83
1.94
2.03
3.98
8.23
13.13
Change bps
-1.00
-5.00
-3.00
-4.00
-8.00
0.30
7.00

Commodities

     
27-Feb-12
28-Feb-12
change
WTI (USD/bbl)    
109.52
107.96
-1.42%
     
Brent (USD/bbl)    
124.02
123.54
-0.39%
     
Arab Light (USD/bbl)    
123.93
123.59
-0.27%

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)
426.25
425.00
0.29%
Urea Fertilizer (Rs/bag)
1,800.83
1,798.75
0.12%
Gold 24cr (Rs./10gm) Khi
50,912.84
50,998.54
-0.17%
Rice IRRI -6(Rs/100kg)
3,243.00
3,246.00
-0.09%
KCA Cotton (Rs/mound)
5,400.00
5,500.00
-1.82%
International
Current
Previous
Change
Coal Spot(USD/ton)
115.60
117.60
-1.70%
Gold Futures
1,767.68
1,772.45
-0.27%
Sugar 11 (USD/lb)
25.55
25.22
1.31%
Steel (USD/ton)
676.31
674.31
0.30%
Wheat (CBT) (USD/bu)
652.75
641.00
1.79%
PTA (USD/ton)
1,190.00
1,210.00
-1.65%
Copper (USD/ton)
8,555.00
8,553.00
0.02%

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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.