BasedLine

Date: 06-March-2012
KSE-100 Index
Previous Index 13,088.97
Current Index 13,278.31
Change % 1.45%
YTD (CY11) 17.01%
YTD (FY12) 6.26%
KSE-100 Index
Previous Index 23,125.53
Current Index 23,387.73
Change % 1.13%
YTD (CY11) 16.14%
YTD (FY12) 11.71%
International Indicators
 
Close
%age
BSE-30 17,362.90 -1.55
HANGSENG 21,365.30 -1.38
NIKKEI 225 9,698.59 -0.80
FTSE 5,874.82 -0.61
DJIA 12,962.80 -0.11
SSEC 2,417.29 -1.13
NASDAQ 2,950.48 -0.86
 
Close
%age
TASI 7,353.79 0.03
KSE(Kuwait) 6,200.80 -0.60
BSE 1,152.11 0.39
MSM 5,868.80 0.37
ADX 2,625.42 -0.60
DFM 1,754.27 0.00
QSE 8,723.11 -0.21
Capital Market Overview

Market Watch: Trade volumes surge to two-year high

Breaking records and reaching new highs has become a daily phenomenon at the stock market in recent weeks, on Monday it was the turn of trade volumes – an indicator of the activity level – to reach a two-year high.The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 1.45 per cent or 189.34 points to end at the 13,278.31 point level. more... (ET)

NAVs and Returns
as of March 05, 2012
Funds Offer Redemption
POGSF
10.1759/-
10.1759/-
YTD Return
11.12%
POAIIF
52.6047/-
52.0787/-
YTD Return
12.19%
POAAAF
49.90/-
48.64/-
YTD Return
-3.70%
POIAAF
57.11/-
55.68/-
YTD Return
6.56%
POAF
11.08/-
YTD Return
11.23%
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
36.95
3,178
200.65
7.57
17.01%
KSE30
7.48
644
119.96
6.57
19.72%
KMI30
5.21
448
50.11
3.58
16.14%
KSE All
40.01
3,441
295.14
8.12
17.38%
March 05 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
178.15
118.26
-10.61%
OGDC
16.50
170.19
150.10
11.24%
UBL
2.00
77.35
45.49
24.94%
LUCK
1.70
102.16
38.66
44.21%
March 05 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
177.35
-97.70
79.65
Foreign Corporates
2,686.59
-2,504.67
181.92
Overseas Pakistani
648.47
-659.06
-10.59
Grand Total
3,512.41
-3,261.43
250.98
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
02-Mar-12
05-Mar-12
Change
Gross Buy
131.11
-33.87%
10.54
-14.42%
3.44
3.51
2.23%
Gross Sell
-118.93
-8.92%
-6.25
-29.97%
-1.61
-3.26
-102.53%
Net Buy/(Sell)
11.91
-82.81%
4.19
26.68%
1.83
0.25
-86.25%
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
-
-
-
Luxembourg
22.19
-
-
33.00
-
-
-33.26
-
-
-
Switzerland
26.25
0.40
-
29.64
1.27
-
-4.26
0.28
-
0.28
UAE
6.96
0.52
-
3.68
4.46
-
-1.19
-
-
-
UK
43.14
0.16
-
114.16
0.29
3.47
-74.64
1.40
1.00
0.40
USA
133.26
-
-
217.69
-
19.06
-103.48
0.05
0.12
-0.07
Total
284.34
3.77
-
465.57
8.71
29.22
-215.93
1.73
1.12
0.61
News Clippings
Economy

Weekly FPI soars 261pc

The buying spree by offshore investors continued in the last week in the local bourses as it attracted fresh net inflow of $5.60 million, as per the National Clearing Company of Pakistan Limited (NCCPL) data. Furthermore, foreign portfolio investment (FPI) hiked by 261 per cent week on week (WoW) basis compared with $1.55 million witnessed in week ended on 24th February 2012 . more... (TFD)

Vibrant bond market needed for infrastructure projects: SBP

State Bank of Pakistan (SBP) Governor Yaseen Anwar said on Monday that a vibrant bond market was necessary to finance long-term infrastructure projects in the country. more... (ET)

Govt to raise Rs30 billion through privatisation

With all fiscal deficit funding being done through domestic channels as external sources are largely dried up, the government has finally come up with a privatisation process plan to raise almost Rs30 to Rs35 billion shape to fund its deficit. more... (ET)

Excise duty collection drops 8pc

The collection of Federal Excise Duty witnessed a negative growth of 8.44 per cent in the first seven months this year partly because of low collection from cement, services and beverages. more... (ET)

Company & Sector Update

Domestic urea being tagged as imported

Imported urea is being repacked in all around the country as domestic fertiliser to exploit the price differential. The difference between the prices of imported and imported urea in rupee terms is Rs490 to Rs500 per bag. Interestingly, no one from the ministries concerned challenged it despite having been reported several times in media, sources said. more... (TFD)

Mismanaged: WAPDA to investigate water loss at Tarbela

The Indus River System Authority (Irsa) has asked the Water and Power Development Authority (Wapda) to investigate the loss of 1.5 million acre feet (MAF) of water at Tarbela and Chashma reservoirs during the ongoing Rabi crop season that has taken Tarbela Dam to almost dead level. more... (ET)

Agricultural: Punjab rebuffs Monsanto attempt to sell BT cotton seeds to farmers

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)

SECP approves regulations for exchange traded funds

The Securities and Exchange Commission of Pakistan (SECP) has approved regulations governing exchange traded funds (ETFs) for the Karachi Stock Exchange (KSE), according to a press statement issued on Monday. more... (ET)

Political

SC orders pasting of notice on Musharraf's residence

The Supreme Court on Monday ordered pasting of a notice on residence of former president Pervez Musharraf, summoning his reply in a case related to registration of second FIR in murder case of late prime minister Mohtarma Benazir Bhutto. more... (BR)

All options on table to end energy crisis: Khar

Foreign Minister Hina Rabbani Khar said here on Monday that Pakistan would avail itself of all available opportunities, including the Iran gas pipeline project, to overcome its energy crisis. more... (D)


Zardari confirms horse trading done in Senate polls

President Asif Ali Zardari said on Sunday that “horse trading” took place in the Senate elections in Punjab and investigation will be conducted against those who switched loyalties, a private news channel reported. The president called PPP worker Aslam Gill on Sunday and expressed regret at his loss in the Senate elections. more... (TFD)

Fresh aspirations: New foreign secretary pledges to protect national security

The newly-appointed foreign secretary on Monday pledged that he would strive to protect the national interests of the country under guidance from the country’s leadership and Parliament. more... (ET)

GCC

Work visa limits on foreigners 'critical for Nitaqat success'

"A foreign worker's visa should be limited up to five years and during that period a Saudi should work with him and eventually replace him. This could be a practical solution to the implementation of Nitaqat and realization of Saudization," Saad Mariq, chairman of the Shoura Council's Financial Affairs, said participating in a panel discussion at the ongoing 12th Jeddah Economic Forum. more... (Zawya)

Canada enters nuclear talks with UAE

Canada began talks Monday with the United Arab Emirates on nuclear cooperation, hoping to sell the wealthy Gulf state nuclear reactors or technologies for power generation and other civilian purposes. more... (Zawya)

Electricity export to India possible

Iran will probably export electricity to India instead of gas, energy minister said on Sunday. Speaking in a press conference, Majid Namjou said that India is one of the frontrunners in the field of generating renewable energies, Mehr News Agency reported. more...(Zawya)

Koreans to develop Abu Dhabi oil fields

South Korea has signed a multi-billion dollar deal with Abu Dhabi National Oil Company (Adnoc) to develop three new oil fields. The joint venture, under which Korea National Oil Corporation (KNOC) will take a 40 per cent stake with Adnoc retaining 60 per cent, is an attempt by the Asian powerhouse to secure oil resources, the country's leader said on Monday. more... (Gulf News)

Quote of the Day:

" Better a good decision quickly than the best decision too late."

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
05-Mar-12
02-Mar-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
79.906
0.36%
13.74%
13.84%
-10.30
     
05-Mar-12
02-Mar-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
839.07
821.10
-17.97

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.53
11.64
11.68
11.81
Offer
12.03
11.89
11.93
12.31

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  
11.60
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
12.90
12.81
12.90
12.81
10 Y-PIB
13.07
12.31
13.06
12.91

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.00
1.83
2.00
2.19
3.99
8.23
13.01
Change bps
0.00
3.00
1.00
5.00
-6.00
0.50
-5.00

Commodities

     
05-Mar-12
06-Mar-12
change
WTI (USD/bbl)    
106.95
106.70
-0.23%
     
Brent (USD/bbl)    
125.52
123.87
-1.55%
     
Arab Light (USD/bbl)    
124.31
123.87
-0.35%

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
50,548.56
50,312.85
-0.47%
Rice IRRI -6(Rs/100kg)
3,411.00
3,314.00
2.93%
KCA Cotton (Rs/mound)
5,300.00
5,350.00
-0.93%
International
Current
Previous
Change
Coal Spot(USD/ton)
110.95
115.60
-4.02%
Gold Futures
1,713.50
1,705.10
-0.49%
Sugar 11 (USD/lb)
24.68
24.85
-0.68%
Steel (USD/ton)
680.17
679.65
0.08%
Wheat (CBT) (USD/bu)
674.50
664.00
1.58%
PTA (USD/ton)
1,210.00
1,190.00
1.68%
Copper (USD/ton)
8,501.00
8,577.25
-0.89%

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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.