BasedLine

Date: 08-March-2012
KSE-100 Index
Previous Index 13,324.34
Current Index 13,244.95
Change % -0.60%
YTD (CY11) 16.72%
YTD (FY12) 5.99%
KSE-100 Index
Previous Index 23,303.69
Current Index 23,165.44
Change % -0.59%
YTD (CY11) 15.04%
YTD (FY12) 10.65%
International Indicators
 
Close
%age
BSE-30 17,145.52 -0.16
HANGSENG 20,627.78 -0.86
NIKKEI 225 9,576.06 -0.64
FTSE 5,791.41 0.44
DJIA 12,837.33 0.61
SSEC 2,419.68 1.04
NASDAQ 2,935.69 1.09
 
Close
%age
TASI 7,374.92 -0.34
KSE(Kuwait) 6,183.20 -0.72
BSE 1,157.38 0.07
MSM 5,826.06 -0.66
ADX 2,553.32 -2.17
DFM 1,607.77 -4.82
QSE 8,605.17 -0.70
Capital Market Overview

Market Watch: Five-day rally comes to an end

After a five-day upward trend that helped the bourse climb to levels not seen since June 2008, the stock market witnessed profit-taking across the board on Wednesday.The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.6 per cent or 79.39 points to end at the 13,244.95 point level. more... (ET)

NAVs and Returns
as of March 07, 2012
Funds Offer Redemption
POGSF
10.1802/-
10.1802/-
YTD Return
11.09%
POAIIF
52.6295/-
52.1032/-
YTD Return
12.16%
POAAAF
49.72/-
48.48/-
YTD Return
-4.04%
POIAAF
56.89/-
55.47/-
YTD Return
6.16%
POAF
11.09/-
YTD Return
11.35%
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
36.86
3,170
194.98
6.21
16.72%
KSE30
7.44
640
116.73
5.22
19.09%
KMI30
5.16
443
55.68
2.60
15.04%
KSE All
40.00
3,440
318.61
7.06
17.34%
March 07 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
176.57
118.17
-11.40%
OGDC
16.50
166.13
149.99
8.59%
UBL
2.00
77.91
45.45
25.84%
LUCK
1.70
100.13
38.63
41.35%
March 07 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
79.39
-29.57
49.82
Foreign Corporates
3,673.06
-474.85
3,198.21
Overseas Pakistani
625.53
-544.20
81.33
Grand Total
4,377.98
-1,048.62
3,329.37
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
06-Mar-12
07-Mar-12
Change
Gross Buy
139.25
-30.85%
18.67
14.15%
3.94
4.38
11.12%
Gross Sell
-123.49
-6.56%
-10.82
-12.28%
-3.62
-1.05
71.03%
Net Buy/(Sell)
15.40
-78.25%
7.68
95.17%
0.32
3.33
940.43%
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
-
-
14.00
-
-
-5.69
-
0.14
-0.14
Luxembourg
23.97
-
-
33.00
-
-
-31.48
1.78
-
1.78
Switzerland
26.25
0.40
-
29.64
1.27
-
-4.26
-
-
-
UAE
6.99
0.52
-
3.68
4.46
-
-1.16
-
-
-
UK
44.18
0.16
-
114.65
0.29
3.47
-74.09
0.58
0.10
0.48
USA
136.09
-
-
218.39
-
19.06
-101.36
0.90
-
0.90
Total
290.11
3.77
-
467.35
8.71
29.22
-211.94
3.36
0.24
3.11
News Clippings
Economy

22pc increase in withholding tax collection

Withholding tax collection recorded a growth of 22 per cent in the first seven months of the current fiscal year from a year ago. Withholding tax, even after the introduction of the Universal Self Assessment Scheme, was the major contributor to the revenue generated through income tax during the period under review. more... (D)

Gas woes may worsen in coming years: officials

With gas supplies partially restored to four fertiliser plants on the SNGPL (Sui Northern Gas Pipelines Limited) system following recent rises in temperatures, policymakers are worried about continuous surge in CNG consumption which they believe may adversely affect the country’s long-term economic growth. more... (D)

Govt urged to regulate cotton, yarn exports

The value-added textile sector has urged the government to immediately start regulating cotton and cotton yarn exports to safeguard raw material supply to the local industry in the light of Indian decision to ban raw cotton exports. more... (D)

Disputed projection: Wheat output put on higher side at 27m tons

Despite a 2.5 per cent decline in cultivated area, Pakistan Bureau of Statistics (PBS) has estimated wheat production at 27.35 million tons in the current season, the highest in the country’s history but largely contested by the planners. more... (ET)

Company & Sector Update

Cement sales stagnate over the last four years

Cement manufacturers are ruing past decisions to increase production capacities. Cement consumption has stagnated over the last four years, while exports are on a constant decline; forcing the sector to operate at no higher than 69 per cent installed capacity. more... (ET)

Nepotism: Petroleum ministry misusing funds

Favouritism is eating up public money at the Ministry of Petroleum and Natural Resources where rules are being violated in nominating trainees and allocating money from the training fund established by oil and gas exploration companies for sending government officials for training abroad, sources say. more... (ET)

Fuel import: Qatar quotes hefty price for its LNG

Qatar has demanded $18 per Million British Thermal Unit (mmbtu) for LNG import to Pakistan, a price that seems to be much higher than expectations as potential buyers have said they will not purchase the fuel at the current price, according to an official. more... (ET)

EOBI asked to exercise caution in releasing funds

Leading trade associations of the textile sector have asked the Employees Old-age Benefit Institution (EOBI) to ensure that fake workers do not receive the fund which is meant for the welfare of genuine workers. more... (ET)

Political

NRO implementation: SC asks Gilani to write letter to Swiss authorities...again

The Supreme Court of Pakistan on Thursday while hearing the National Reconciliation Ordinance (NRO) implementation case, directed Prime Minister Yousaf Raza Gilani to write a letter to Swiss authorities again, Express News reported. more... (ET)

Pakistan’s importance in peace efforts stressed

The reconciliation talks with the Taliban will succeed if Pakistan agrees to play a constructive role in those talks, says Senator Carl Levin, chairman of the US Senate Armed Services Committee. more... (D)


Nargis Sethi faces tough questions in court

Defence and Cabinet Secretary Nargis Sethi informed the Supreme Court on Wednesday that no summary had been received from the law ministry about reopening graft cases against President Asif Ali Zardari when she worked as principal secretary to Prime Minister Yousuf Raza Gilani from Sept 23, 2010 to Jan 17, 2011. more... (D)

One general broke up country, other killed Bugti: Shahbaz

Punjab Chief Minister Shahbaz Sharif on Wednesday said there were both good and bad generals in the army and similarly in politics we have both kinds of politicians, Geo News reported. more... (The News)

GCC

Saudi construction market worth $163.5b

With an estimated $163.5 billion worth of construction projects currently in concept stage in Saudi Arabia in the coming year, the four-day "Big 5 Saudi 2012" will open Saturday to provide unrivalled opportunities for the regional and international industry to access these projects in concept stage. more... (Zawya)

Iran electricity exports up by 29 percent

Iran exported over 8,162 gigawatt hours (GWh) of electricity to the neighboring countries since the beginning of the current calendar year (March 21, 2011), showing some 29 percent rise year on year, Fars news agency reported. more... (Gulf News)

Investment firm signs $130 million finance deal

MENAdrill Investment Company (MIC), incorporated in Cayman Islands and principally promoted by First Energy Bank (FEB), yesterday signed a three-year $130 million limited recourse Islamic financing with Gulf International Bank (GIB) as the mandated lead arranger and investment agent for this Murabaha. more...(Gulf Base)

Kuwaiti crude price rises to $121.12 per barrel

The price of Kuwaiti crude rose to 121.12 US dollars per barrel Tuesday, the state-run Kuwait Petroleum Corporation (KPC) said Wednesday. The prices are in a state of instability, due to several factors, such as geopolitical events, Iranian file, in addition to speculators and exploitation of workers. more... (Gulf Base)

Quote of the Day:

" If there is no struggle, there is no progress."

Frederick Douglass

 
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
07-Mar-12
06-Mar-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
81.157
0.51%
13.29%
13.43%
-14.30
     
07-Mar-12
06-Mar-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
842.21
860.36
-18.15

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.52
11.63
11.69
11.80
Offer
12.02
11.88
11.94
12.30

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

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
91.15
120.30
1.14
144.10
24.90
1.29
0.75

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.74
11.84
11.91
Last Cut Off.
11.83
11.90
11.94
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.90
12.88
12.81
12.81
10 Y-PIB
13.09
13.05
13.01
12.91

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.99
1.77
1.98
2.14
3.94
8.24
13.05
Change bps
1.00
-1.00
2.00
2.00
-2.00
0.80
4.00

Commodities

     
07-Mar-12
08-Mar-12
change
WTI (USD/bbl)    
105.17
106.40
1.17%
     
Brent (USD/bbl)    
122.45
124.22
1.45%
     
Arab Light (USD/bbl)    
122.08
124.31
1.86%

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
49,486.59
0.46%
Rice IRRI -6(Rs/100kg)
3,334.00
3,360.00
-0.77%
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
1,685.10
1,678.90
0.37%
Sugar 11 (USD/lb)
23.91
24.05
-0.54%
Steel (USD/ton)
680.67
680.54
0.02%
Wheat (CBT) (USD/bu)
639.25
657.75
-2.81%
PTA (USD/ton)
1,210.00
1,190.00
1.68%
Copper (USD/ton)
8,293.25
8,286.50
0.08%

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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.