BasedLine

Date: 05-March-2012
KSE-100 Index
Previous Index 12,941.38
Current Index 13,088.97
Change % 1.14%
YTD (CY11) 15.35%
YTD (FY12) 4.75%
KSE-100 Index
Previous Index 22,966.58
Current Index 23,125.53
Change % 0.69%
YTD (CY11) 14.84%
YTD (FY12) 10.46%
International Indicators
 
Close
%age
BSE-30 17,643.39 0.30
HANGSENG 21,562.26 0.81
NIKKEI 225 9,777.07 0.72
FTSE 5,911.13 -0.29
DJIA 12,977.57 -0.02
SSEC 2,459.35 -0.05
NASDAQ 2,976.19 -0.43
 
Close
%age
TASI 7,351.28 0.21
KSE(Kuwait) 6,186.40 0.86
BSE 1,147.68 -0.03
MSM 5,847.11 0.09
ADX 2,641.29 0.66
DFM 1,754.20 3.07
QSE 8,741.64 -0.06
Capital Market Overview

Weekly review: Five-day rally takes bourse to three-year high

Bullish sentiments prevailed at the stock market as a five-day upward trend took the benchmark KSE-100 index past the 13,000-point psychological barrier and in doing so, crossed a level last witnessed more than three years ago in June 2008. more... (ET)

NAVs and Returns
as of March 02, 2012
Funds Offer Redemption
POGSF
10.1682/-
10.1682/-
YTD Return
11.15%
POAIIF
52.5675/-
52.0418/-
YTD Return
12.24%
POAAAF
49.78/-
48.54/-
YTD Return
-3.92%
POIAAF
57.18/-
55.75/-
YTD Return
6.70%
POAF
11.10/-
YTD Return
11.70%
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
36.42
3,132
146.38
6.01
15.35%
KSE30
7.40
636
90.02
5.17
18.38%
KMI30
5.15
443
46.71
2.91
14.84%
KSE All
39.44
3,392
253.00
6.58
15.70%
March 02 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
178.63
118.26
-10.37%
OGDC
16.50
167.90
150.10
9.75%
UBL
2.00
74.73
45.49
20.71%
LUCK
1.70
102.05
38.66
44.06%
March 02 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
16.09
-85.82
-69.73
Foreign Corporates
3,208.93
-561.22
2,647.71
Overseas Pakistani
607.44
-881.52
274.08
Grand Total
3,832.45
-1,528.55
2,303.90
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
01-Mar-12
02-Mar-12
Change
Gross Buy
127.68
-35.61%
7.10
-6.28%
1.42
3.83
168.95%
Gross Sell
-115.75
-11.36%
-3.07
-60.43%
-2.85
-1.53
46.33%
Net Buy/(Sell)
11.67
-83.15%
3.95
-2434.15%
-1.42
2.30
261.89%
S.C.R.A
Country
During the Period FY12TD
02-03-2012
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
8.31
-
-
13.41
-
-
-5.10
0.43
-
0.43
Luxembourg
22.19
-
-
33.00
-
-
-33.26
-
-
-
Switzerland
25.97
0.40
-
29.64
1.27
-
-4.54
2.89
-
2.94
UAE
6.96
0.52
-
3.68
4.46
-
-1.19
0.03
-
0.03
UK
41.74
0.16
-
113.16
0.29
3.47
-75.04
0.88
0.37
0.51
USA
133.22
-
-
217.57
-
19.06
-103.41
0.30
3.05
-2.75
Total
282.61
3.77
-
464.46
8.71
29.22
-216.54
4.53
3.42
1.16
News Clippings
Economy

Changing hands: Creating a populist model for privatisation

There is a lot of talk in and outside the country about the government’s failure in Pakistan, with some political analysts categorising it as a “failed state”. Whether Pakistan provides an example of a failed state – or as Prime Minister Yousaf Raza Gilani terms it “a state within a state” – is subject to political debate. more... (ET)

EU to help resolve energy crisis

The European Union (EU) is keen on investing in the power sector in Pakistan, particularly the Munda dam, and the development of micro hydel projects in far-flung areas of the country to help resolve the energy crisis. more... (D)

Rise in bank deposits

Deposits and other accounts of all scheduled banks increased in the current week and stood at Rs5716.8bn, higher by Rs48.4bn over preceding week’s figure of Rs5668.4bn. more... (D)

Sharp decline in textile exports

Overall exports of Pakistan are heading towards total collapse as textile exports alone have faced decline of $800 million in last four months. more... (D)

Company & Sector Update

Bailout needs backing of business plan

The Economic Co-ordination Committee of the Cabinet (ECC) had approved a bailout package of Rs 11 billion for Pakistan Steel on December 4, 2011. more... (BR)

BAFL posts profit of Rs3.5bn in 2011

Banking results continue to gather momentum as Bank Alfalah Limited (BAFL) posted profit of Rs3.5bn (EPS Rs2.6) in 2011, up 3.6x compared to Rs1bn (EPS Rs0.72) in the same period last year, says a press release issued here on Friday. more... (BR)

PTEA hails decision of granting MFN status to India

Chairman Pakistan Textile Exporters Association, Rana Arif Tauseef has hailed the government's decision of granting Most Favoured Nation (MFN) status to India. more... (BR)

PSO lays out complex plan to alleviate circular debt

The government is currently considering a proposal that would seek to eliminate about Rs67 billion of the energy sector’s circular debt through a complex transaction that involves securitising the dividend stream of the state-owned Oil and Gas Development Company, and swapping the petroleum levy owed by the refineries with what the state-owned Pakistan State Oil owes them. more... (ET)

Political

PPP meeting to discuss Punjab Senate setback

President Asif Ali Zardari has convened a meeting of the PPP’s core committee on Monday to discuss the results of recent Senate polls and the unexpected loss of one seat from Punjab, sources in the presidency and the ruling party told Dawn on Sunday. more... (D)

Seraiki province right of people: Gilani

Prime Minister Yousuf Raza Gilani said on Sunday the people of Seraiki belt had the right to demand a separate province for themselves and that his party would help them achieve their goal. more... (D)

Struggle for Sharia rule to continue, says Fazl

Addressing a conference, he said that those creating hurdles in the enforcement of Sharia were criminals.Pakistan, he said, can not be freed from what he called the slavery of foreign powers because of incompetent rulers. more... (BR)

Afghan camps for Baloch militants shut: Malik

Interior Minister Rehman Malik said on Sunday that Afghanistan had closed the training camps of Baloch separatists in that country, adding that this was done at the intervention of Afghan President Hamid Karzai who had admitted recently that some of the troubles in Balochistan were originating from his country. more... (D)

GCC

Mashreq introduces interest-free payment plan

Mashreq credit card holders will now be able to buy the big-ticket items they have been eyeing without having to pay interest. The bank is the latest to launch its "0 per cent Easy Payment Plan (EPP)" allowing customers to buy their dream items — from electronics, jewellery, fashion and home furnishings — and pay them later on instalments at zero interest. more... (Gulf News)

Optimism in regional markets continues to grow

There is growing optimism regarding growth prospects for 2012 among Middle East intermediaries and investors, according to the latest poll carried out by Invesco Asset Management Limited. The results of the poll conducted during Invesco's sixth annual Dubai Investment meeting, reveal that more than two fifths of the respondents feel positively or very positively about growth prospects for 2012. more... (Gulf News)

UAE's first gold coin to go on sale by end of this month

The UAE's first gold coin, which was unveiled last year, will finally be available for distribution by the end of this month, the Dubai Multi-Commodities Centre (DMCC) told Gulf News. more...(Gulf News)

Euro council chief warns against complacency

European Council President Van Rompuy warned against complacency in handling the Eurozone debt crisis and stressed the need for meeting budget rules and reducing deficits. more... (Gulf News)

Quote of the Day:

" In the business world, everyone is paid in two coins: cash and experience. Take the experience first; the cash will come later."

Harold S. Geneen

 
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 - Feb 12) 10.3%

Money Market

 
Price
Change
02-Mar-12
01-Mar-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
79.623
0.48%
13.84%
13.99%
-14.20
     
02-Mar-12
01-Mar-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
821.10
833.96
-12.86

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.52
11.63
11.68
11.79
Offer
12.02
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
11.70
11.75
11.75
11.80
11.85
Low  
11.50
11.60
11.65
11.60
11.65
11.70

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
91.30
121.00
1.12
145.00
24.40
1.29
0.75

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.75
11.85
11.91
Last Cut Off.
11.73
11.81
11.89
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.95
12.90
12.93
12.81
10 Y-PIB
13.13
13.06
13.08
12.91

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.00
1.80
1.99
2.14
4.05
8.22
13.06
Change bps
3.00
-6.00
-4.00
-8.00
-4.00
-1.40
-2.00

Commodities

     
02-Mar-12
05-Mar-12
change
WTI (USD/bbl)    
108.56
106.95
-1.47%
     
Brent (USD/bbl)    
125.52
123.92
-0.08%
     
Arab Light (USD/bbl)    
124.31
121.97
-1.58%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
103.46
98.82
4.70%
Furnace Oil (Rs/ton)
82,228.92
80,283.60
2.42%
Cement (Rs. Bag Avg)
426.25
425.00
0.29%
Urea Fertilizer (Rs/bag)
1,799.17
1,798.75
0.02%
Gold 24cr (Rs./10gm) Khi
49,910.00
50,569.98
-2.13%
Rice IRRI -6(Rs/100kg)
3,314.00
3,315.00
-0.03%
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
1,713.50
1,722.60
-3.81%
Sugar 11 (USD/lb)
24.96
24.86
0.40%
Steel (USD/ton)
680.17
679.65
0.08%
Wheat (CBT) (USD/bu)
674.50
664.00
1.58%
PTA (USD/ton)
1,190.00
1,210.00
-1.65%
Copper (USD/ton)
8,577.25
8,625.00
-0.55%

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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.