BasedLine

Date: 09-March-2012
KSE-100 Index
Previous Index 13,244.95
Current Index 13,271.39
Change % 0.20%
YTD (CY11) 16.95%
YTD (FY12) 6.20%
KSE-100 Index
Previous Index 23,165.44
Current Index 23,205.24
Change % 0.17%
YTD (CY11) 15.23%
YTD (FY12) 10.84%
International Indicators
 
Close
%age
BSE-30 17,430.00 1.70
HANGSENG 20,900.70 1.32
NIKKEI 225 9,768.96 2.01
FTSE 5,859.73 1.18
DJIA 12,907.90 0.55
SSEC 2,429.40 0.66
NASDAQ 2,970.42 1.18
 
Close
%age
TASI 7,374.92 -0.34
KSE(Kuwait) 6,177.10 -0.10
BSE 1,161.11 0.32
MSM 5,859.11 0.57
ADX 2,561.74 0.33
DFM 1,610.48 0.17
QSE 8,593.67 -0.13
Capital Market Overview

Market Watch: Bourse recovers as volumes reach two-year high

The stock market staged a recovery yesterday with volumes touching a two-year high, after profit-taking saw the index dip on Wednesday. The Karachi Stock Exchange’s (KSE) benchmark 100-share index rose 0.20 per cent or 26.44 points to end at the 13,271.39 point level. more... (ET)

NAVs and Returns
as of March 08, 2012
Funds Offer Redemption
POGSF
10.1844/-
10.1844/-
YTD Return
11.11%
POAIIF
52.6415/-
52.1151/-
YTD Return
12.15%
POAAAF
50.00/-
48.75/-
YTD Return
-3.50%
POIAAF
57.20/-
55.77/-
YTD Return
6.74%
POAF
11.10/-
YTD Return
11.36%
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
36.85
3,169
146.25
4.66
16.95%
KSE30
7.41
638
79.86
3.87
18.60%
KMI30
5.13
441
42.67
2.16
15.23%
KSE All
40.09
3,448
358.18
5.88
17.84%
March 08 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
178.23
118.01
-10.57%
OGDC
16.50
164.60
149.79
7.59%
UBL
2.00
77.28
45.39
24.83%
LUCK
1.70
104.87
38.58
48.04%
March 08 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
86.47
-112.43
25.97
Foreign Corporates
2,407.40
-1,154.08
1,253.32
Overseas Pakistani
546.34
-656.38
-110.04
Grand Total
3,040.21
-1,922.89
1,117.32
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
07-Mar-12
08-Mar-12
Change
Gross Buy
142.22
-29.78%
21.64
25.78%
4.38
3.04
-30.59%
Gross Sell
-125.37
-5.94%
-12.869
-1.12%
-1.05
-1.92
-83.13%
Net Buy/(Sell)
16.47
-76.76%
8.74
104.94%
3.33
1.12
-66.45%
S.C.R.A
Country
During the Period FY12TD
07-03-2012
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
-
-
14.27
-
-
-5.96
-
0.27
-0.27
Luxembourg
24.12
-
-
33.00
-
-
-31.33
0.16
-
0.16
Switzerland
26.76
0.40
-
29.64
1.27
-
-3.75
0.51
-
0.51
UAE
6.99
0.52
-
3.68
4.46
-
-1.16
-
-
-
UK
44.20
0.16
-
115.06
0.29
3.47
-74.48
0.02
0.41
-0.39
USA
136.33
-
-
218.39
-
19.06
-101.12
0.24
-
0.24
Total
291.04
3.77
-
468.04
8.71
29.22
-211.70
0.93
0.68
0.24
News Clippings
Economy

Forex reserves fall to $16.34 billion

Pakistan’s foreign exchange reserves fell to $16.34 billion in the week ended March 2, compared with $16.42 billion in the previous week, the central bank said on Thursday. more... (D)

Rs.1771.452 billion currency notes in circulation

The total number of currency notes in circulation through out the country decreased to Rs.1771.452 billion, according to latest report of the State Bank of Pakistan for the week ending on February 24. The figure for the corresponding week was Rs.1794.098 billion. more... (BR)

Fuel costs: CPPA wants power tariffs to rise by another 21%

Having risen by about 39% last month, power tariffs in most of the country may once again go up by as much as 21% if the National Electric Power Regulatory Authority approves the petition by the state-owned Central Power Purchasing Agency. more... (ET)

Beware of currency counterfeiters, says SBP

State Bank of Pakistan (SBP) Governor Yaseen Anwar has said the main goal of security printing for the central bank is to prevent forgery, tampering and counterfeiting of banknotes. more... (ET)

Company & Sector Update

Assistance: Korea to provide $7.2m loan to NTDC

The Republic of Korea and the Economic Affairs Division of the government of Pakistan has signed a loan agreement for a supplementary amount of $7.2 million, on Wednesday. more... (ET)

Wind power project to start production in Dec

A Turkish wind power project, being set up in Sindh’s coastal area of Jhimpir with a capacity of 56 megawatts, is expected to start production from December this year, say officials of the company working on the project. more... (ET)

Fish exports surge over 15 percent in 7 months

The fish and fish preparations exports from the country increased by 15.27 percent during the first seven months of the current year over the corresponding period of last year. more... (BR)

Tunnel farming: Pakistan slow to adopt technology

Pakistan is lagging far behind in adopting tunnel farming technology which can substantially increase production of high-value agricultural crops and boost incomes of farmers, says University of Agriculture Faisalabad Vice Chancellor Dr Iqrar Ahmad. more... (ET)

Political

Senate gets new rules of business

After about 24 years, the Senate approved on Thursday new rules of business, making it mandatory for ministers to be in the house during the question hour, introducing ‘prime minister’s question hour’ and abolishing discretionary powers of chairman to appoint the leader of opposition. more... (D)

MQM denies receiving money from ISI

The Muttahida Qaumi Movement rejected on Thursday allegations that its chief Altaf Hussain had received money from the country’s prime spy agency in the late 1980s and said the party leadership had a clean record and clear conscience and was ready to defend itself at every forum. more... (D)


Pakistan to propose alternative trade schemes to US

The promise of establishing reconstruction opportunity zones (ROZ) in conflict-affected areas of Pakistan has been unfulfilled for the last seven years, prompting Pakistan to push the United States to offer alternate trade benefits. more... (ET)

‘JUI-F will not allow Nato supply resumption’

Jamiat Ulema-e-Islam Fazl (JUI-F) General Secretary and Senate opposition leader Maulana Abdul Ghafoor Haideri said that they will not allow restoration of Nato supplies through Pakistan. more... (ET)

GCC

Oil rises on Greek debt hopes, Iran concerns

World oil prices swung higher on Thursday as the euro gained on hopes Greece's debt swap would be successful, with tensions over Iran also supporting the crude market, analysts said. New York's main contract, light sweet crude for delivery in April, added 76 cents to $106.92 a barrel. more... (Zawya)

Arab world to see $300bn ICT investment in 5 years

The Arab World will witness more than $300bn worth of investment in the information communication technology (ICT) sector over the next five years that will be at par with other technologically advanced countries, Secretary General of International Telecommunication Union told The Peninsula on the sidelines of the Connect Arab Summit 2012 summit yesterday. more... (Zawya)

UAE Cement Cos Eye Saudi Mkt As Local Demand Slows

A number of U.A.E. cement producers are preparing to enter the Saudi market now that the Saudi government has removed restrictions on the import of the building material in order to meet a growing domestic demand, Saudi-based Al Eqtisadiah daily reports Thursday citing executives in U.A.E. cement companies. more...(Zawya)

Kuwait's refinery project well underway, says Chinese mayor

Construction of mammoth refinery and steel projects involving Kuwait in the southern Chinese city of Zhanjiang are well underway, its mayor has said, state-run media reported Thursday. more... (Zawya)

Quote of the Day:

" High achievement always takes place in the framework of high expectation."

Charles Kettering

 
Economic Highlights
Economic Indicators
GDP Growth FY12E
3.60%
GDP -2011
$180 bn
Per Capita Income FY11
$1,254
Population
178.09mn
US$ Reserves (Mar 02, 2012)
$16.34 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 (Mar 02, 2012)
Rs824.99bn
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
08-Mar-12
07-Mar-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
81.337
0.22%
13.22%
13.29%
-6.30
     
08-Mar-12
07-Mar-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
821.14
842.21
-21.07

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.54
11.65
11.71
11.80
Offer
12.04
11.90
11.96
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.
11.80
11.86
11.93
Last Cut Off.
11.83
11.90
11.94
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.94
12.90
12.88
12.81
10 Y-PIB
13.10
13.05
13.05
12.91

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.99
1.80
2.02
2.15
3.99
8.24
13.05
Change bps
0.00
3.00
4.00
1.00
5.00
0.00
0.00

Commodities

     
08-Mar-12
09-Mar-12
change
WTI (USD/bbl)    
106.40
106.91
0.48%
     
Brent (USD/bbl)    
124.22
125.58
1.08%
     
Arab Light (USD/bbl)    
124.31
125.53
0.97%

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
50,314.00
49,486.59
1.29%
Rice IRRI -6(Rs/100kg)
3,358.00
3,334.00
0.72%
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
1,699.77
1,685.10
0.88%
Sugar 11 (USD/lb)
23.96
23.92
0.97%
Steel (USD/ton)
679.98
680.67
-0.10%
Wheat (CBT) (USD/bu)
634.75
639.25
-0.70%
PTA (USD/ton)
1,210.00
1,190.00
1.68%
Copper (USD/ton)
8,331.00
8,293.25
0.46%

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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.