BasedLine

Date: 12-March-2012
KSE-100 Index
Previous Index 13,271.39
Current Index 13,352.74
Change % 0.61%
YTD (CY11) 17.67%
YTD (FY12) 6.86%
KSE-100 Index
Previous Index 23,205.24
Current Index 23,189.39
Change % -0.07%
YTD (CY11) 15.15%
YTD (FY12) 10.76%
International Indicators
 
Close
%age
BSE-30 17,503.24 2.09
HANGSENG 21,086.00 0.89
NIKKEI 225 9,929.74 1.65
FTSE 5,887.49 0.47
DJIA 12,922.02 0.11
SSEC 2,439.46 0.79
NASDAQ 2,988.34 0.60
 
Close
%age
TASI 7,533.74 0.70
KSE(Kuwait) 6,154.40 -0.37
BSE 1,150.06 -0.95
MSM 5,885.43 0.45
ADX 2,586.95 0.98
DFM 1,686.66 4.73
QSE 8,636.82 0.50
Capital Market Overview

Weekly review: Stock market climbs for eighth successive week

The market continued its relentless upward drive, as the benchmark KSE-100 index rose for an eighth consecutive week, by posting a 2% or 264 points gain to close at the 13,353-point level during the week ended March 9. more... (ET)

NAVs and Returns
as of March 09, 2012
Funds Offer Redemption
POGSF
10.1884/-
10.1884/-
YTD Return
11.13%
POAIIF
52.6535/-
52.1270/-
YTD Return
12.13%
POAAAF
50.17/-
48.92/-
YTD Return
-3.17%
POIAAF
57.19/-
55.76/-
YTD Return
6.72%
POAF
11.10/-
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
37.06
3,187
307.65
5.91
17.67%
KSE30
7.44
640
82.80
4.42
19.05%
KMI30
5.12
440
40.64
2.08
15.15%
KSE All
40.37
3,472
552.79
7.11
18.70%
March 09 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
183.68
118.01
-7.84%
OGDC
16.50
164.99
149.79
7.84%
UBL
2.00
79.16
45.39
27.86%
LUCK
1.70
104.17
38.58
47.05%
March 09 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
94.15
-77.27
16.87
Foreign Corporates
3,623.98
-692.07
2,931.91
Overseas Pakistani
578.84
-619.04
-40.20
Grand Total
4,296.97
-1,388.39
2,908.58
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
08-Mar-12
09-Mar-12
Change
Gross Buy
146.42
-27.71%
25.84
50.19%
3.04
4.30
41.34%
Gross Sell
-126.73
-4.92%
-14.05
9.45%
-1.92
-1.39
27.80%
Net Buy/(Sell)
19.25
-72.84%
11.52
170.08%
1.12
2.91
160.32%
S.C.R.A
Country
During the Period FY12TD
08-03-2012
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
-
-
14.28
-
-
-5.97
-
0.02
-0.02
Luxembourg
24.12
-
-
33.00
-
-
-31.34
-
0.02
-0.02
Switzerland
26.76
0.40
-
29.67
1.27
-
-3.78
-
0.03
-0.03
UAE
6.99
0.52
-
3.68
4.46
-
-1.16
-
-
-
UK
44.20
0.16
-
115.92
0.29
3.47
-75.34
-
0.86
-0.86
USA
138.14
-
-
219.32
-
19.06
-100.23
1.82
0.93
0.89
Total
292.86
3.77
-
469.89
8.71
29.22
-211.73
1.82
1.86
-0.04
News Clippings
Economy

Trade bodies compiling proposals for budget 2012-13

Trader bodies including Karachi Chamber of Commerce and Industry (KCCI) has initiated compiling proposals for the budget 2012-13 to be submitted to Finance Ministry and Federal Board of Revenue (FBR) for its consideration and adaptation. more... (BR)

French trade delegation to visit Pakistan

A high profile trade delegation from France is scheduled to visit Pakistan in September; this was stated by Christian Ramage, Consul General of France in Karachi. more... (BR)

Budget to be presented in May: minister

The federal budget will be presented in May and consultations will be held with coalition partners and the opposition on the schedule for general elections, Religious Affairs Minister Syed Khursheed Ahmed Shah said here on Sunday. more... (DT)

Fiscal discipline: Government tightens its belt and lowers spending

Amid fears of a significant shortfall in non-tax receipts, the government has exhibited financial discipline and managed to spend less than its allocated amount for the period from July 2011 to February. more... (ET)

Company & Sector Update

Exhibition aimed at reviving construction industry begins

The first international Construction Material, Property, Furniture, Stone and Technology Exhibition – Build Pakistan 2012 started at the Lahore Expo Centre on Saturday, which will be open for trade and corporate visitors only. more... (ET)

Textile industry to get incentives

Pakistan has fixed an ambitious textile export target of $25 billion till 2014 in the five-year textile policy and the government is fully supporting the industry to achieve this target, said Dr Mirza Ikhtiar Baig, advisor to Prime Minister on Textile. more... (BR)

Qatar takes interest in water & power projects

With lending from multilateral institutions declining, the government has stepped up efforts to attract bilateral funding for implementation of major infrastructure projects, particularly in the water and power sector. more... (DT)

India reverses cotton export ban

India on Sunday reversed its ban on cotton exports in a swift U-turn just six days after the policy announcement was greeted with outrage from farmers. more... (N)

Political

Shaky relationship: ‘Pakistan, US will tide over difficult phase’

The Pentagon has expressed confidence that the United States and Pakistan would be able to find more common ground to forge close cooperative ties, as a top general acknowledged the importance of America’s relationship with the key South Asian country. more... (ET)

PTI to target youth for next elections: Imran

In a mass-contact campaign aimed at capitalising on its appeal in the country’s youth, the Pakistan Tehreek-e-Insaf (PTI) decided on Sunday to initiate a nationwide drive. more... (ET)


Letter to Swiss authorities

Prime Minister Yousaf Raza Gilani, on Sunday, said he would follow the constitution in writing a letter to Swiss authorities for reopening of corruption cases, and that parliament will decide about immunity to President Asif Ali Zardari. more... (DT)

Mehran Bank scandal

The Pakistan Muslim League-Nawaz (PML-N), with its president being alleged for accepting the establishment’s funds in the 1990 elections, faces testing times as the Pakistan People’s Party (PPP) urges the Supreme Court to take action against the politicians who got funds from intelligence agencies and recover the public’s money with markup. more... (DT)

GCC

Aldar, Sorouh plan Dh13.61b merger

Abu Dhabi's two major property developers Aldar Properties and Sorouh Real Estate said they have started talks on a possible merger which could create a new entity with Dh13.61 billion in assets based on the net value of their combined assets as of December 31, 2011. more... (Gulf News)

Stagnation in real incomes

Failing to build the private sector more quickly is also taking its toll on improvement of real incomes among Saudi citizens and residents. Looking at nominal GDP figures, which fluctuate widely based on oil prices, per-capita GDP figures have shown a distinct improvement in the last decade. Each Saudi resident earned $20,651 in 2011, a surge of 124 percent since 2000. more... (Zawya)

Saudi Arabia's trade balance surplus to reach SR915bn

Since oil plays an overwhelming role in Saudi Arabia's economy, it figures that oil receipts and hence the current account plays a dominant role in the balance of payments account. more...(Zawya)

Saudi Arabia ranks second in terms of savings

Saudi Arabia, the biggest oil exporter, has remained the world's second largest country in terms of savings. Its rate of savings to the gross domestic product (GDP) stood at 29.29 percent between 1970 and 2008, Al-Riyadh newspaper has reported quoting an International Monetary Fund (IMF) report. more... (Zawya)

Quote of the Day:

" I believe that I was lucky to have suffered. Some people don't realize that in suffering there is great potential, because if you are deprived for any reason.. politically, financially, socially or otherwise.. and if you set your mind in the right direction, you will find that the only way to survive is for you to excel, by being better so you can be treated better." Talal Abu-Ghazaleh

 
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
09-Mar-12
08-Mar-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
81.473
0.17%
13.18%
13.22%
-4.70
     
09-Mar-12
08-Mar-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
820.61
821.14
-0.53

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.53
11.66
11.71
11.80
Offer
12.03
11.91
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
11.90
11.85
11.75
11.80
11.85
Low  
11.75
11.80
11.70
11.60
11.65
11.70

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
91.10
120.50
1.12
143.50
24.93
1.20
0.74

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.80
11.88
11.93
Last Cut Off.
11.83
11.90
11.94
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.92
12.87
12.90
12.81
10 Y-PIB
13.07
13.06
13.05
12.91

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.98
1.79
2.02
2.15
3.92
8.28
13.06
Change bps
-1.00
-1.00
0.00
0.00
-7.00
4.00
1.00

Commodities

     
09-Mar-12
12-Mar-12
change
WTI (USD/bbl)    
106.91
106.84
-0.07%
     
Brent (USD/bbl)    
124.22
125.35
0.91%
     
Arab Light (USD/bbl)    
124.31
125.73
1.14%

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)
425.63
426.25
-0.15%
Urea Fertilizer (Rs/bag)
1,806.25
1,800.83
0.30%
Gold 24cr (Rs./10gm) Khi
50,356.56
50,409.70
0.11%
Rice IRRI -6(Rs/100kg)
3,382.00
3,358.00
0.71%
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
1,706.50
1,708.40
0.11%
Sugar 11 (USD/lb)
23.92
23.66
-1.09%
Steel (USD/ton)
679.32
679.98
-0.10%
Wheat (CBT) (USD/bu)
643.00
634.75
1.30%
PTA (USD/ton)
1,210.00
1,190.00
1.68%
Copper (USD/ton)
8,502.00
8,331.00
2.05%

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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.