BasedLine

Date: 07-March-2012
KSE-100 Index
Previous Index 13,278.31
Current Index 13,324.34
Change % 0.35%
YTD (CY11) 17.42%
YTD (FY12) 6.63%
KSE-100 Index
Previous Index 23,387.73
Current Index 23,303.69
Change % -0.36%
YTD (CY11) 15.72%
YTD (FY12) 11.31%
International Indicators
 
Close
%age
BSE-30 17,173.30 -1.09
HANGSENG 20,806.20 -2.16
NIKKEI 225 9,637.63 -0.63
FTSE 5,765.80 -1.86
DJIA 12,759.20 -1.57
SSEC 2,410.07 -0.02
NASDAQ 2,910.20 -1.36
 
Close
%age
TASI 7,399.87 0.63
KSE(Kuwait) 6,227.97 -0.44
BSE 1,156.53 0.38
MSM 5,864.98 -0.07
ADX 2,610.06 -0.59
DFM 1,689.18 -3.71
QSE 8,666.13 -0.65
Capital Market Overview

Market Watch: Stock market continues upward rally

The stock market on Tuesday continued its upward rally with the banking sector leading the way. The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.35% or 46.03 points to end at 13,324.34 the point level. more... (ET)

NAVs and Returns
as of March 06, 2012
Funds Offer Redemption
POGSF
10.1786/-
10.1786/-
YTD Return
11.12%
POAIIF
52.6173/-
52.0911/-
YTD Return
12.18%
POAAAF
49.86/-
48.61/-
YTD Return
-3.78%
POIAAF
56.98/-
55.56/-
YTD Return
6.33%
POAF
11.08/-
YTD Return
11.17%
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
37.08
3,189
191.56
7.22
17.42%
KSE30
7.48
644
120.23
6.30
19.70%
KMI30
5.19
446
42.07
2.44
15.72%
KSE All
40.17
3,455
250.51
7.69
17.84%
March 06 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
177.03
118.17
-11.17%
OGDC
16.50
169.36
149.99
10.70%
UBL
2.00
80.07
45.45
29.33%
LUCK
1.70
101.38
38.63
43.11%
March 06 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
46.37
-151.16
-104.80
Foreign Corporates
3,088.82
-2,801.61
287.20
Overseas Pakistani
806.22
-665.43
140.79
Grand Total
3,941.40
-3,618.21
323.20
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
05-Mar-12
06-Mar-12
Change
Gross Buy
134.97
-32.55%
14.39
3.76%
3.51
3.94
12.21%
Gross Sell
-122.47
-7.13%
-9.79
-2.80%
-3.26
-3.62
-10.94%
Net Buy/(Sell)
12.22
-82.49%
4.49
21.20%
0.25
0.32
28.77%
S.C.R.A
Country
During the Period FY12TD
05-03-2012
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
-
-
13.86
-
-
-5.55
-
0.45
-0.45
Luxembourg
22.19
-
-
33.00
-
-
-33.26
-
-
-
Switzerland
26.25
0.40
-
29.64
1.27
-
-4.26
-
-
-
UAE
6.99
0.52
-
3.68
4.46
-
-1.16
0.03
-
0.03
UK
43.60
0.16
-
114.55
0.29
3.47
-74.57
0.46
0.39
0.07
USA
135.19
-
-
218.39
-
19.06
-102.26
1.92
0.70
1.23
Total
286.76
3.77
-
467.11
8.71
29.22
-215.05
2.41
1.54
0.88
News Clippings
Economy

The bond market speaks: Political battles bad for Pakistan’s credit image: S&P

In the fast-paced world of the international bond market, nobody has the time or patience to listen to long-winded explanations, so the credit rating agency Standard & Poors’ assessment of Pakistan’s creditworthiness is remarkably blunt. more... (ET)

Money (mis)management: National debt doubles to Rs11.7 trillion in 4 years

In the midst of allegations of bad governance, the federal government has almost doubled national debt during its four years in power. The country’s total public debt (excluding liabilities) swelled to Rs11.73 trillion by the end of December 2011, reveal official documents. more... (ET)

Pakistan to profit from Indian ban on cotton export

Domestic cotton prices are likely to rise as India has banned cotton exports, which will attract international buyers to Pakistan as the country has a good harvest this year, say market experts. more... (ET)

Renewable energy: Govt likely to waive duty on equipment import

In a move that is likely to be welcomed by consumers and power producers alike the government is likely to waive off duties on import of parts of renewable energy plants in the upcoming budget in a bid to attract investment. more... (ET)

Company & Sector Update

KESC power supply policy: Industrial captive power units may be disconnected

The Karachi Electric Supply Company has stated, that after much deliberation it has formulated a new power supply policy for its ‘captive power’ consumers. All industrial units that are generating their own power through gas and do not require KESC for their power needs and have merely kept their connections as a back-up, are to be disconnected. more... (ET)

Pakistan, Afghanistan vow to strengthen Microfinance Sector

Both Pakistan and Afghanistan, being neighbouring brotherly developing countries in the Asian region, can benefit by strengthening and promoting the financial Infrastructure to support microfinance through continuous knowledge and skill sharing experiences of their respective markets. more... (ET)

Petroleum: Indian company eyes Pakistan as trade eases

Pakistan’s move to ease trade restrictions against India may translate into a big opportunity for Hindustan Petroleum Corporation Limited (HPCL), Hindu Business Line has reported. HPCL’s Bhatinda refinery, scheduled to be commissioned soon, will benefit from an enlarged market resulting from the opening up of the Indo-Pak border. more... (ET)

CNG dealers oppose ‘proposed’ price rise

Compressed natural gas (CNG) dealers have opposed any further increase in gas prices and sought an end to loadshedding in Sindh and Punjab as the weather gets warmer. more... (ET)

Political

.Pakistan attaches high priority to regional peace: Gilani

Prime Minister Syed Yusuf Raza Gilani on Tuesday said Pakistan attaches high priority to promoting regional peace, security, prosperity and stability. more... (BR)

Govt committed to welfare of minorities: PM

Addressing a function organized by All Pakistan Minorities Alliance on first death anniversary of Shahbaz Bhatti here at Convention Centre, the Prime Minister said reservation of four seats for minorities in Senate and reservation of 5 percent quota in government jobs for them are some of the achievements of the government to ensure equal rights to the minorities. more... (BR)


BB murder case: Notice pasted outside Musharraf's farmhouse

Following directives of the apex court in PPP leader Benazir Bhutto's assignation case, a court notice has been pasted outside former president Musharraf's farmhouse No. C1 situated in Chak Shahzad on Tuesday. more... (BR)

Army has its eye on Nato supplies deal

The bankrupt Pakistan Railways management has pulled off the mother of all deals with the NLC, while the army is working hard behind the scenes for an equally big deal with the United States. more... (ET)

GCC

Top agencies rule out credit ratings for UAE

Ratings agencies have no plans to give the UAE or Dubai a credit rating because their governments have not asked to be rated, and their lack of transparency would make a credit assessment difficult, a senior analyst at Fitch said yesterday. more... (Gulf Base)

A generation is at risk of unemployment, says expert at Dubai conference

An entire generation is at risk from rising unemployment, both in the developed and the developing world, a Dubai conference was told on Tuesday. Dimitris Tsitsiragos, vice president of Eastern and Southern Europe, Central Asia and the Mena region, International Finance Corporation (IFC), said that while the Mena region has the highest unemployment figures in the world, "it is becoming a crisis even in the developed world". more... (Gulf News)

Global sukuk issuance forecast looks strong

The strong sukuk issuance trend in 2011 has continued robustly into 2012, with $6.6 billion (Dh24.24 billion) of issuances globally to date, with large issues coming from Saudi Arabia and Malaysia, HSBC Amanah said yesterday. more...(Zawya)

Dubai tumbles from 16-month high

Dubai’s bourse dropped from a 16-month high on profit-taking yesterday after a rally, while Egyptian shares rose to an eight-month high on foreign and local buying, and other Gulf markets were mixed. more... (Gulf Base)

Quote of the Day:

" Success seems to be largely a matter of hanging on after others have let go.

William Feather

 
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
06-Mar-12
05-Mar-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
80.742
1.05%
13.43%
13.74%
-31.10
     
06-Mar-12
05-Mar-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
860.36
839.07
-21.29

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.53
11.63
11.68
11.80
Offer
12.03
11.88
11.93
12.30

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.90
11.75
11.80
11.75
11.80
11.85
Low  
11.60
11.65
11.65
11.60
11.65
11.70

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
91.10
120.80
1.12
144.50
25.00
1.29
0.75

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.75
11.84
11.91
Last Cut Off.
11.73
11.81
11.89
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.88
12.81
12.81
12.81
10 Y-PIB
13.07
13.01
13.01
12.91

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.98
1.78
1.96
2.12
3.96
8.23
13.01
Change bps
-2.00
-5.00
-4.00
-7.00
-3.00
0.50
0.00

Commodities

     
06-Mar-12
07-Mar-12
change
WTI (USD/bbl)    
106.70
105.17
-1.43%
     
Brent (USD/bbl)    
123.87
122.45
-0.91%
     
Arab Light (USD/bbl)    
123.87
122.08
-1.45%

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
49,486.59
50,548.56
-1.64%
Rice IRRI -6(Rs/100kg)
3,360.00
3,411.00
-1.50%
KCA Cotton (Rs/mound)
5,350.00
5,300.00
0.94%
International
Current
Previous
Change
Coal Spot(USD/ton)
110.95
115.60
-4.02%
Gold Futures
1,678.90
1,713.50
-1.54%
Sugar 11 (USD/lb)
24.05
24.68
-2.55%
Steel (USD/ton)
680.17
679.65
0.08%
Wheat (CBT) (USD/bu)
657.75
672.00
-2.12%
PTA (USD/ton)
1,210.00
1,190.00
1.68%
Copper (USD/ton)
8,286.50
8,501.00
-2.52%

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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.