BasedLine

Date: 02-March-2012
KSE-100 Index
Previous Index 12,877.88
Current Index 12,941.38
Change % 0.49%
YTD (CY11) 14.04%
YTD (FY12) 3.56%
KSE-100 Index
Previous Index 22,885.39
Current Index 22,966.58
Change % 0.35%
YTD (CY11) 14.05%
YTD (FY12) 9.70%
International Indicators
 
Close
%age
BSE-30 17,583.97 -1.00
HANGSENG 21,387.96 -1.35
NIKKEI 225 9,707.37 -0.16
FTSE 5,931.25 1.02
DJIA 12,980.30 0.22
SSEC 2,448.66 0.93
NASDAQ 2,988.97 0.74
 
Close
%age
TASI 7,226.43 0.80
KSE(Kuwait) 6,133.60 0.11
BSE 1,147.99 -0.06
MSM 5,841.80 0.07
ADX 2,623.87 0.49
DFM 1,702.01 -1.64
QSE 8,741.64 -0.06
Capital Market Overview

Market Watch: Bourse surges past 12,900-point level as investor sentiment soars

The stock market surged to cross the 12,900-point level as investor sentiment rose on the back of trade list finalisation with India and continued foreign buying. The Karachi Stock Exchange's (KSE) benchmark 100-share index gained 0.49 per cent or 63.50 points to end at the 12,941.38 point level. more... (ET)

NAVs and Returns
as of March 01, 2012
Funds Offer Redemption
POGSF
10.1652/-
10.1652/-
YTD Return
11.15%
POAIIF
52.5551/-
52.0295/-
YTD Return
12.25%
POAAAF
49.35/-
48.12/-
YTD Return
-4.75%
POIAAF
57.12/-
55.69/-
YTD Return
6.58%
POAF
11.10/-
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
36.01
3,097
118.18
5.11
14.04%
KSE30
7.34
631
73.52
4.52
17.39%
KMI30
5.11
440
48.59
2.88
14.05%
KSE All
38.98
3,353
182.22
5.45
14.36%
March 01 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
175.54
118.26
-11.92%
OGDC
16.50
168.47
150.10
10.12%
UBL
2.00
74.54
45.49
20.40%
LUCK
1.70
98.75
38.66
39.40%
March 01 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
65.74
-76.30
-10.56
Foreign Corporates
2,881.47
-985.14
1,896.33
Overseas Pakistani
488.73
-548.87
60.14
Grand Total
3,435.94
-1,610.31
1,825.63
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
29-Feb-12
01-Mar-12
Change
Gross Buy
120.58
-35.15%
60.60
38.51%
5.89
5.89
-3.57%
Gross Sell
-112.68
-8.13%
-52.25
11.97%
-4.98
-4.98
-31.65%
Net Buy/(Sell)
7.72
-88.07%
8.17
-387.41%
0.91
0.91
-60.87%
S.C.R.A
Country
During the Period FY12TD
29-02-2012
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
-
-
13.41
-
-
-5.53
-
0.29
-0.29
Luxembourg
22.19
-
-
33.00
-
-
-33.26
0.02
0.87
0.85
Switzerland
23.08
0.35
-
29.64
1.27
-
-7.48
0.47
-
0.47
UAE
6.93
0.52
-
3.68
4.46
-
-1.22
-
-
-
UK
40.87
0.16
-
112.79
0.29
3.47
-75.55
-
0.45
-0.45
USA
132.91
-
-
214.53
-
19.06
-100.66
2.03
0.95
1.09
Total
278.08
3.72
-
461.04
8.71
29.22
-217.70
7.51
2.57
4.95
News Clippings
Economy

Purchasing power: Inflation rises to 11.1% in February

International oil prices and the government’s deteriorating fiscal position have begun to take their toll on the purchasing power of the rupee, with inflation clocking in at 11.1% for the month of February, according to data released by the Pakistan Bureau of Statistics. more... (ET)

SECP chosen vice-chair of international body

The Securities and Exchange Commission of Pakistan (SECP) has been elected vice-chair of the International Organisation of Securities Commissions (IOSCO) Committee on Regulation of Market Intermediaries for 2013-14. South Korea will be the vice-chair of the committee for 2012-13. more... (ET)

Forex reserves slip to $16.42bn

Pakistan's foreign exchange reserves fell to $16.42 billion in the week ended February 24 because of a repayment of an International Monetary Fund (IMF) loan, compared with $16.64 billion the previous week, the central bank said on Thursday. more... (TFD)

Debt to GDP ratio fell in 3 years: SBP

Yaseen Anwar, Governor, State Bank of Pakistan (SBP) said that despite the fiscal deficit, the country's debt to GDP ratio has not increased substantially; in fact, it has declined in the last three years. more... (TFD)

Company & Sector Update

Oil scam worth Rs328 million unearthed in OGDC

Theft of diesel worth over Rs328 million has been unearthed in the Oil and Gas Development Company Limited (OGDC) where officials have allegedly been involved in stealing large amounts of High Speed Diesel (HSD) from the Tando Alam field. more... (ET)

Free market benefits: Competition between private rail companies heats up

It has only been a few weeks and already Pakistan Railways’ experiment to allow private sector companies to operate some of its train routes is beginning to yield better service quality and even the start of a price war between the two companies that have so far been given licences. more... (ET)

FBR mulling increase in tax rate

Federal Board of Revenue Chairman Mumtaz Haider Rizvi has said that authorities are considering increasing tax rates on registration of new vehicles from July 1st. more... (ET)

EU interested in financing Munda Dam

The European Union has expressed interest in financing Munda Dam and establishing small hydropower projects in an effort to help resolve the energy crisis and contribute to development of far-flung areas. more... (ET)

Political

Zardari for multi-faceted Pak-UK ties

President Asif Ali Zardari on Thursdayreiterated Pakistan's desire for a multi-faceted and deep engagementwith the United Kingdom on various issues based on sovereignequality, mutual trust and respect. more... (BR)

India welcomes Pakistan step to ease trade

India has welcomed Pakistan's efforts to liberalise bilateral trade and said the move is a step in right direction. While talking to reporters, Indian Foreign Minister SM Krishna said India welcomes Pakistan step to reduce negative trade list, private news channel reported. more... (BR)

Pakistan rejects foreign pressure on Iran-Pakistan gas pipeline project

Foreign Minister Hina Rabbani Tuesday rejecting any foreign pressure against Iran-Pakistan gas pipeline project, said it was in Pakistan's national interest to acquire energy from wherever it was available. more... (BR)

Balochistan wants FIA to probe Bugti assassination case

Balochistan is reported to have asked the federal government to transfer the investigation of Nawab Akbar Bugti’s murder to the Federal Investigation Agency. more... (D)

GCC

Saudi construction boom triggers new partnership

The ongoing construction boom in Saudi Arabia has fueled growing interest of foreign players and even lead to consolidation of resources to fortify market hold.Current available data showed that the total value of contracts awarded in the Kingdom hit $66 billion in 2011, a 6 percent increase on the previous year. more... (Zawya)

UAE telecom firms make progress in 4G development

The UAE's two telecom operators — etisalat and du — Thursday announced progress in their planned deployment of high-speed fourth-generation (4G) long-term evolution (LTE) networks. more... (Gulf News)

Markets welcome euro liquidity

The European Central Bank (ECB) yesterday injected €529.5 billion (Dh2.6 trillion) into Europe's banking system, close to the expectations of the financial markets worldwide. more...(Gulf News)

Iran oil loss would dramatically widen gap between world supply and demand

New York Excluding Iran from the global oil market would widen the shortfall between worldwide supply and demand six-fold, based on February production and consumption estimates, the US Energy Department said. more... (Gulf News)

Quote of the Day:

" Greatness is not a function of circumstance. Greatness, it turns out, is largely a matter of conscious choice, and discipline."

Jim Collins

 
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 (Feb-12) 11.1%
   
CPI Gen. - FY12 (Jul 11- Feb 12) 10.8%
   
NFNE Core INFL - YoY (Feb 12) 10.6%
   
NFNE Core INFL -FY12(Jul 11 - Jan 12) 10.2%

Money Market

 
Price
Change
01-Mar-12
29-Feb-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
79.239
-0.44%
13.99%
13.85%
13.60
     
01-Mar-12
29-Feb-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
833.96
852.19.87
-18.22

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.54
11.63
11.69
11.73
Offer
12.04
11.88
11.94
12.23

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.90
11.85
11.75
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
91.15
122.00
1.13
145.30
24.90
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
12.95
12.94
12.93
12.81
10 Y-PIB
13.12
13.12
13.08
12.91

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.97
1.86
2.03
2.22
4.09
8.24
13.08
Change bps
1.00
4.00
4.00
7.00
3.00
3.80
-4.00

Commodities

     
01-Mar-12
02-Mar-12
change
WTI (USD/bbl)    
107.01
108.56
1.45%
     
Brent (USD/bbl)    
122.67
125.52
2.32%
     
Arab Light (USD/bbl)    
123.03
124.31
1.04%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
103.46
98.82
4.70%
Furnace Oil (Rs/ton)
70,887.00
80,283.60
-11.70%
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
50,548.56
50,569.98
-0.04%
Rice IRRI -6(Rs/100kg)
3,251.00
3,251.00
1.97%
KCA Cotton (Rs/mound)
5,300.00
5,350.00
-0.93%
International
Current
Previous
Change
Coal Spot(USD/ton)
115.60
117.60
-1.70%
Gold Futures
1,721.40
1,722.60
-0.07%
Sugar 11 (USD/lb)
24.85
25.01
-0.64%
Steel (USD/ton)
679.65
678.76
0.13%
Wheat (CBT) (USD/bu)
664.00
668.25
-0.60%
PTA (USD/ton)
1,190.00
1,210.00
-1.65%
Copper (USD/ton)
8,625.00
8,493.00
1.55%

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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.