BasedLine

Date: 01-March-2012
KSE-100 Index
Previous Index 12,739.22
Current Index 12,877.88
Change % 1.09%
YTD (CY11) 13.48%
YTD (FY12) 3.06%
KSE-100 Index
Previous Index 22,660.06
Current Index 22,885.39
Change % 0.99%
YTD (CY11) 13.64%
YTD (FY12) 9.31%
International Indicators
 
Close
%age
BSE-30 17,752.70 0.12
HANGSENG 21,680.10 0.52
NIKKEI 225 9,723.24 0.01
FTSE 5,871.51 -0.95
DJIA 12,952.10 -0.41
SSEC 2,431.33 2.84
NASDAQ 2,966.89 -0.67
 
Close
%age
TASI 7,226.43 0.80
KSE(Kuwait) 6,126.90 0.63
BSE 1,148.68 0.73
MSM 5,837.66 0.47
ADX 2,611.13 0.69
DFM 1,730.43 1.90
QSE 8,746.98 0.57
Capital Market Overview

Market Watch: Bourse jumps 139 points on positive news

The stock market jumped 139 points on Wednesday as news that Iran has offered to provide crude oil to Pakistan on deferred payments rose investor sentiments.The Karachi Stock Exchange’s (KSE) benchmark 100-share index jumped 1.09 per cent or 138.66 points to end at the 12,877.88 point level. more... (ET)

NAVs and Returns
as of February 29, 2012
Funds Offer Redemption
POGSF
10.1632/-
10.1632/-
YTD Return
11.17%
POAIIF
52.5424/-
52.0170/-
YTD Return
12.27%
POAAAF
49.53/-
48.29/-
YTD Return
-4.41%
POIAAF
57.09/-
55.67/-
YTD Return
6.55%
POAF
11.09/-
YTD Return
11.71%
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 20.56%
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
35.83
3,082
152.75
6.35
13.48%
KSE30
7.31
629
93.69
5.73
16.97%
KMI30
5.09
438
62.81
3.85
13.64%
KSE All
38.82
3,338
206.48
6.64
13.87%
February 29 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
176.62
118.26
-11.38%
OGDC
16.50
169.02
150.10
10.48%
UBL
2.00
71.02
45.49
14.71%
LUCK
1.70
99.01
38.66
39.77%
February 29 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
52.98
-68.14
-15.16
Foreign Corporates
4,930.22
-4,247.62
682.60
Overseas Pakistani
904.31
-661.36
242.95
Grand Total
5,887.51
-4,977.12
910.38
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
28-Feb-12
29-Feb-12
Change
Gross Buy
120.58
-35.15%
60.60
38.51%
6.11
5.89
-3.57%
Gross Sell
-112.68
-8.13%
-52.25
11.97%
-3.78
-4.98
-31.65%
Net Buy/(Sell)
7.72
-88.07%
8.17
-387.41%
2.33
0.91
-60.87%
S.C.R.A
Country
During the Period FY12TD
28-02-2012
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
7.89
-
-
13.12
-
-
-5.24
0.27
-
0.27
Luxembourg
22.16
-
-
33.00
-
-
-32.41
0.25
-
0.25
Switzerland
22.61
0.35
-
29.64
1.27
-
-7.95
-
-
-
UAE
6.93
0.52
-
3.68
4.46
-
-1.22
0.11
-
0.11
UK
40.87
0.16
-
112.33
0.29
3.47
-75.09
0.40
-
0.40
USA
130.88
-
-
213.58
-
19.06
-101.75
0.64
1.02
-0.38
Total
270.57
3.72
-
458.47
8.71
29.22
-222.65
3.26
1.06
2.20
News Clippings
Economy

Tax collection for February beats last year’s figures

The tax authorities have bagged Rs1.105 trillion taxes from July through February of the current fiscal year, maintaining 26 per cent growth necessary to reach the annual target of Rs1.95 trillion. more... (ET)

Monthly hike: Diesel price frozen; petrol, CNG rise by up to Rs8.67

Indicating that the international price of oil warranted an increase, the government on Wednesday, contrary to recent speculation, increased oil prices by up to Rs8.67 per litre – a 7.3% increase – effective March 1 (today). more... (ET)

Energy costs: Power tariffs for most consumers to rise by 39%

Power tariffs are set to rise by an average of about 39% for most consumers throughout the country as the National Electric Power Regulatory Authority approved the increase requested by the power companies in order to account for their rising fuel costs. more... (ET)

Borrowing mounts pressure on economy

The government borrowings from both the State Bank as well as scheduled banks have gone beyond the records set last year giving a clear indication of higher inflation and much higher than the projected fiscal deficit for the ongoing financial year. more... (D)

Company & Sector Update

PTCL acquisition: Pakistan and UAE to find solution for pending $800m within weeks

United Arab Emirates and Pakistan will find an amicable solution within weeks to a standoff on final payment of a $2.6 billion telecom deal under which Emirates Telecommunication Corporation Etisalat, acquired a 26 per cent stake in Pakistan Telecommunication Company Limited (PTCL). more... (ET)

Trade liberalisation: Auto industry worried over approval of negative trade list

Manufacturers of automobiles and their parts on Wednesday lost their last hope when the cabinet approved a negative list for trade with India which will be phased out by the end of this year, believing this will massively hurt the country’s auto industry. more... (ET)

FABL profit surges 7.6pc

Faysal Bank Limited (FABL) has announced its financial results for the period ended 2011. The profit for the period hiked by 7.6 per cent to Rs1.28 billion (EPS: Rs1.55) as compared to Rs1.19 billion (EPS: Rs1.45) in the same period of last year. more... (TFD)

SSGC earns Rs1.53bn


Sui Southern Gas Company Limited (SSGC) - the Pakistan’s leading integrated gas company - profit was down by 27.1 per cent to Rs1.53 billion during the six months of current financial year ended on December 31 2011, as against Rs2.11 billion in the respective period of last year, according to financial result sent by the company to KSE. more... (TFD)

Political

Defence Minister denies financial misappropriation in PIA-Boeing agreement

Federal Defence Minister Chaudhry Ahmad Mukhtar on Wednesday refuted allegations of financial misappropriation in the lease agreement between Pakistan International Airline (PIA) and the Boeing company for purchasing five Boeing 777-ER aircraft. more... (ET)

Electoral rolls: ECP, NADRA reprimanded over missed deadline

Terming it a serious violation of orders, the Supreme Court sought on Wednesday written explanations from the Election Commission of Pakistan, its secretary and the National Database Regulatory Authority (Nadra) for their failure to finalise electoral rolls in time. more... (ET)

Gearing up: Troika briefed by Sherry, Khar

Hours after it was revealed that the long-awaited parliamentary review of Pakistan-US ties would begin from March 17, a high-level huddle of all the principal players on the matter gathered at the Presidency. more... (ET)

Judgement reserved in Babar Awan contempt case

The Supreme Court of Pakistan reserved its judgement on Thursday in the contempt of court case against former law minister Babar Awan. more... (ET)

GCC

In Theory: Politics of oil will build new power centres

Since the 1970s oil crisis, the United States and the West have been looking to reduce their reliance on energy sourced from the Middle East region, an approach which gained traction during the administration of former US president Bill Clinton in the 1990s. more... (Gulf News)

Middle East airline traffic growth at 2010 levels

Dubai Middle East airlines saw passenger demand in January recording traffic growth of 14.5 per cent over the same month last year, marking a return to 2010 levels, according to new statistics released yesterday by the International Air Transport Association. more... (Gulf News)

DFM enjoys its own record run

Dubai The iconic Charging Bull on Wall Street has not seen share prices like these since the onset of the global financial crisis in May 2008, four months before the collapse of Lehman Brothers. more...(Gulf News)

Qatar selling treasury bills to create rial debt market

Qatar has been selling as much as US$1.1 billion (Dh4.04bn) in treasury bills each month since May as it strives to be the first GCC state to develop a local currency debt market. more... (Gulf Base)

Quote of the Day:

" One of the tests of leadership is the ability to recognize a problem before it becomes an emergency. "

Arnold H. Glasow

 
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
29-Feb-12
28-Feb-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
79.586
0.57%
13.85%
14.01%
-16.00
     
29-Feb-12
28-Feb-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
852.19.87
836.87
-15.31

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.54
11.63
11.69
11.79
Offer
12.04
11.88
11.94
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  
11.90
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.
11.75
11.85
11.93
Last Cut Off.
11.73
11.81
11.89
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.98
12.94
12.93
12.81
10 Y-PIB
13.15
13.12
13.10
12.91

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.96
1.82
1.99
2.15
4.06
8.20
13.12
Change bps
-1.00
2.00
5.00
5.00
9.00
-1.30
2.00

Commodities

     
29-Feb-12
01-Mar-12
change
WTI (USD/bbl)    
106.94
107.01
0.07%
     
Brent (USD/bbl)    
122.26
122.67
0.34%
     
Arab Light (USD/bbl)    
121.96
123.03
0.88%

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
50,569.98
51,427.10
-1.67%
Rice IRRI -6(Rs/100kg)
3,251.00
3,217.00
1.06%
KCA Cotton (Rs/mound)
5,350.00
5,400.00
-0.93%
International
Current
Previous
Change
Coal Spot(USD/ton)
115.60
117.60
-1.70%
Gold Futures
1,722.60
1,788.20
-3.67%
Sugar 11 (USD/lb)
25.01
25.33
-1.26%
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)
8,493.00
8,603.50
-1.28%

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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.