BasedLine

Date: 29-February-2012
KSE-100 Index
Previous Index 12,743.66
Current Index 12,739.22
Change % -0.03%
YTD (CY11) 12.26%
YTD (FY12) 1.95%
KSE-100 Index
Previous Index 22,686.31
Current Index 22,660.06
Change % -0.12%
YTD (CY11) 12.53%
YTD (FY12) 8.23%
International Indicators
 
Close
%age
BSE-30 17,731.10 1.64
HANGSENG 21,568.70 1.65
NIKKEI 225 9,722.52 0.92
FTSE 5,927.91 0.21
DJIA 13,005.10 0.18
SSEC 2,447.06 0.30
NASDAQ 2,986.76 0.69
 
Close
%age
TASI 7,168.99 0.27
KSE(Kuwait) 6,088.50 0.00
BSE 1,140.33 -0.49
MSM 5,810.40 1.10
ADX 2,593.22 0.70
DFM 1,698.22 2.66
QSE 8,697.26 -0.70
Capital Market Overview

Market Watch: Bourse closes flat in mixed session

The stock market closed flat on Tuesday as investors built new positions by selling and accumulating stocks. The Karachi Stock Exchange’s (KSE) benchmark 100-share index crawled down 0.03 per cent or 4.44 points to end at the 12,739.22 point level. more... (ET)

NAVs and Returns
as of February 28, 2012
Funds Offer Redemption
POGSF
10.1625/-
10.1625/-
YTD Return
11.21%
POAIIF
52.5273/-
52.0020/-
YTD Return
12.27%
POAAAF
49.66/-
48.42/-
YTD Return
-4.16%
POIAAF
56.86/-
55.44/-
YTD Return
6.11%
POAF
11.09/-
YTD Return
11.72%
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
33.58
3,060
147.86
5.80
12.26%
KSE30
7.30
628
77.29
5.16
16.75%
KMI30
5.08
437
46.95
3.60
12.53%
KSE All
38.57
3,317
217.59
6.21
12.76%
February 28 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
179.67
118.27
-9.85%
OGDC
16.50
166.00
150.12
8.50%
UBL
2.00
70.14
45.49
13.29%
LUCK
1.70
97.71
38.67
37.93%
February 28 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
34.05
-40.37
-6.33
Foreign Corporates
5,233.88
-2,888.68
2,345.19
Overseas Pakistani
839.13
-851.50
-12.36
Grand Total
6,107.06
-3,780.56
2,326.50
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
27-Feb-12
28-Feb-12
Change
Gross Buy
114.83
-35.31%
54.85
25.36%
4.22
6.11
44.75%
Gross Sell
-107.82
-2.41%
-47.38
1.54%
-5.72
-3.78
33.92%
Net Buy/(Sell)
6.85
-90.01%
7.30
-356.82%
-1.50
2.33
254.85%
S.C.R.A
Country
During the Period FY12TD
27-02-2012
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
-
-
13.12
-
-
-5.51
-
0.70
-0.70
Luxembourg
21.92
-
-
33.00
-
-
-32.65
0.17
-
0.17
Switzerland
22.61
0.35
-
29.64
1.27
-
-7.95
0.21
-
0.21
UAE
6.82
0.52
-
3.68
4.46
-
-1.33
0.11
-
0.11
UK
40.46
0.16
-
112.33
0.29
3.47
-75.50
-
0.46
-0.46
USA
130.24
-
-
212.56
-
19.06
-101.37
0.14
0.69
-0.54
Total
267.31
3.72
-
457.42
8.71
29.22
-224.86
0.64
2.29
-1.65
News Clippings
Economy

Desperate times: Iran offers 80,000 barrels of oil on 3-month credit

Amid pressure from the United States, Iran has offered to export 80,000 barrels of oil per day to Pakistan on three-month deferred payments which may ease pressure on energy supplies due to the circular debt. more... (ET)

Royalty payment: Provinces demand gas supply instead of cash

Representatives of the central government and provinces will meet today (Wednesday) to resolve a row over oil and gas rights as provinces prefer gas supply over cash on account of royalty following the biting gas crisis in the country this winter.more... (ET)

‘Pakistan gets more trade concessions from World market’

Advisor to Prime Minister on Textile Dr Mirza Ikhtiar Baig said on Monday that Pakistan has got duty free trade concessions on 75 different items from European Unions in a meeting held at Brussels recently. more... (BR)

Consolidated budget deficit at 2.5% of GDP in H1FY12

The consolidated budget deficit of the federal and four provincial governments has been recorded at Rs 532.526 billion or 2.5 percent of the gross domestic product (GDP) during the first half (July to December) period of the ongoing fiscal year 2011-12. more... (DT)

Company & Sector Update

Corporate results: Nishat Chunian profits nosedive

Nishat Chunian, the textile manufacturing company, profits plummeted 91% to Rs48 million in the first half of fiscal 2012.The decline in the spinning business margins was expected amid sharp fall in yarn prices, which took down gross profit levels for the period from July to December 2011, according to analysts. more... (ET)

Islamic banking industry may double market share

State Bank of Pakistan (SBP) Governor Yaseen Anwar has expressed hope that the country’s Islamic banking industry will double its market share in the next five years. more... (ET)

E&P FY12 profit revised up by three percent on oil rally

Woes of oil supplies arising from Iran-west standoff have created a bull run in the oil market with benchmark crude oil prices -WTI and Brent- rallying 11 percent and 18 percent in 2012YTD to currently hover around US$109 and US$127 per barrel, respectively. more... (BR)

Soneri Bank announces PAT of Rs 783m

Soneri Bank Limited has announced outperforming results for the year 2011 in both advances and deposit growth. Board meeting chaired by chairman Alauddin Feerasta expressed with satisfaction the strong growth in all areas of the Bank's operations. more... (DT)

Political

Key witnesses: Awan-Aitzaz cold war comes to the fore?

A fresh twist to the prime minister contempt case has brought to the fore a cold war between the premier’s counsel Aitzaz Ahsan and former law minister Dr Babar Awan. more... (ET)

28 suspended lawmakers restored

President Asif Ali Zardari on Tuesday signed the 20th Constitutional Amendment Bill which has now become part of the Constitution. more... (TFD)

Trade with India: Cabinet decision today

Trade liberalisation with India looks heading for more brainstorming when the federal cabinet takes up the issue on Wednesday. more... (D)

NA committee rejects dual nationality bill

A parliamentary body on Tuesday rejected a bill seeking disqualification of lawmakers having dual nationality on the grounds that it overlapped an existing legislation on the subject. more... (DT)

GCC

Dubai exports exceeded Dh3b in 2011 as new markets opened

The value of Dubai's exports exceeded Dh3 billion in 2011, the Department of Economic Development announced yesterday. Of the 58 export transactions facilitated by Dubai Exports during the year, 29 per cent were new deals while 52 per cent were won by new exporters. more... (Gulf News)

Iraq seeks up to $700b investment

A top Iraqi government official said yesterday his country needed $500-$700 billion (Dh1.8-Dh2.5 trillion) in investment to rebuild its infrastructure, comparing the war-shattered nation to post-war Germany. more... (Gulf News)

Kuwait's 9-month income soars 159% above budget

Strong oil prices boosted Kuwait's actual revenue by a whopping 159 per cent above budgeted levels and this will allow the Gulf emirate to record another large surplus of around KD9-10 billion in fiscal year 2011-2012. more...(Zawya)


Nuclear Iran would 'choke' world economy: Israel PM

Israeli Prime Minister Benjamin Netanyahu on Tuesday warned that a nuclear-armed Iran would control the major Gulf oil producers, send energy prices soaring, and "choke" the global economy. more... (Zawya)

Quote of the Day:

" The turning point, I think, was when I really realized that you can do it yourself. That you have to believe in you because sometimes that's the only person that does believe in your success but you." Tim Bixseth

 
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
28-Feb-12
27-Feb-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
79.133
0.08%
14.01%
14.03%
-1.90
     
28-Feb-12
27-Feb-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
836.87
842.81
-5.94

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.53
11.63
11.68
11.78
Offer
12.03
11.88
11.93
12.28

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
91.20
121.00
1.15
144.70
24.95
1.29
0.75

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.72
11.85
11.93
Last Cut Off.
11.74
11.81
11.89
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.97
12.93
12.93
12.81
10 Y-PIB
13.13
13.10
13.13
12.91

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.97
1.80
1.94
2.10
3.97
8.21
13.10
Change bps
0.00
-3.00
0.00
7.00
-1.00
-1.70
-3.00

Commodities

     
28-Feb-12
29-Feb-12
change
WTI (USD/bbl)    
107.96
106.94
-0.94%
     
Brent (USD/bbl)    
123.54
122.26
-1.04%
     
Arab Light (USD/bbl)    
123.59
121.96
-1.32%

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
51,427.10
50,912.84
1.18%
Rice IRRI -6(Rs/100kg)
3,217.00
3,243.00
-0.80%
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
1,788.20
1,770.30
1.01%
Sugar 11 (USD/lb)
25.33
25.55
-0.86%
Steel (USD/ton)
678.17
676.31
0.27%
Wheat (CBT) (USD/bu)
668.25
652.75
2.37%
PTA (USD/ton)
1,190.00
1,210.00
-1.65%
Copper (USD/ton)
8,603.50
8,555.00
0.57%

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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.