BasedLine

Date: 13-March-2012
KSE-100 Index
Previous Index 13,352.74
Current Index 13,382.54
Change % 0.22%
YTD (CY11) 17.93%
YTD (FY12) 7.09%
KSE-100 Index
Previous Index 23,189.39
Current Index 23,194.95
Change % 0.02%
YTD (CY11) 15.18%
YTD (FY12) 10.79%
International Indicators
 
Close
%age
BSE-30 17,587.70 0.48
HANGSENG 21,134.20 0.23
NIKKEI 225 9,889.86 -0.40
FTSE 5,892.75 0.09
DJIA 12,959.70 0.29
SSEC 2,434.86 -0.19
NASDAQ 2,983.66 -0.16
 
Close
%age
TASI 7,539.70 0.08
KSE(Kuwait) 6,150.20 -0.07
BSE 1,149.77 -0.03
MSM 5,901.82 0.28
ADX 2,614.83 1.08
DFM 1,667.38 -1.14
QSE 8,634.19 -0.03
Capital Market Overview

Market watch :Volumes sustain six-year highs

The stock market surged on Monday after the opening bell, but was unable to sustain its morning highs as trading progressed at record volumes.The index dallied at an intra-day high of 1.3%, but settled at a more restrained level. Meanwhile, low priced stocks were the pick of the day for investors. more... (ET)

NAVs and Returns
as of March 12, 2012
Funds Offer Redemption
POGSF
10.1947/-
10.1947/-
YTD Return
11.08%
POAIIF
52.6868/-
52.1599/-
YTD Return
12.08%
POAAAF
50.19/-
48.94/-
YTD Return
-3.13%
POIAAF
57.33/-
55.90/-
YTD Return
6.99%
POAF
11.11/-
YTD Return
11.32%
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
37.10
3,190
323.63
6.56
17.93%
KSE30
7.40
637
70.61
4.18
18.43%
KMI30
5.09
438
39.10
2.35
15.18%
KSE All
40.42
3,476
576.82
7.91
18.99%
March 12 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.36
180.41
107.14
-9.48%
OGDC
16.50
165.93
149.59
8.46%
UBL
2.00
79.37
45.33
28.20%
LUCK
1.70
103.65
38.53
46.32%
March 12 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
252.87
-284.65
-31.78
Foreign Corporates
4,716.75
-618.58
4,098.16
Overseas Pakistani
797.08
-619.05
178.02
Grand Total
5,766.69
-1,522.29
4,244.40
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
09-Mar-12
12-Mar-12
Change
Gross Buy
152.05
-25.99%
31.47
-65.82%
4.30
5.77
34.20%
Gross Sell
-128.22
-10.71%
-15.54
-77.08%
-1.39
-1.52
-9.64%
Net Buy/(Sell)
23.30
-63.17%
15.58
-34.41%
2.91
4.24
45.93%
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

SECP takes action against market players for non-compliance

The Securities Market Division of the Securities and Exchange Commission of Pakistan (SECP) has taken enforcement actions against market participants for non-compliance to the regulatory framework during the month of February, according to a statement issued. more... (D)

Trade gap: With four months still to go, deficit crosses annual targets

The trade deficit widened to $14.6 billion or 41.3% in the first eight months of the current fiscal year, higher than the Finance Ministry, Planning Commission and State Bank of Pakistan estimates for the entire fiscal year. more... (ET)

SBP for enhancing due diligence to check money laundering

State Bank of Pakistan (SBP) has asked banks/ DFIs to conduct "enhanced" due diligence, including obtaining senior management approval while establishing relationship with non-governmental organisations (NGOs)/ not-for-profit organisations (NPOs) and charities to ensure that these accounts are used for legitimate purposes. more... (BR)

Pakistan to participate in 2nd round of Annual Investment Meeting in Dubai

Senior Minister for Commerce MakhdoomAmin Fahim on Monday said that Pakistan would participate in the secondround of Annual Investment Meeting (AIM), to be held from May 1-3 atDubai, UAE. more... (BR)

Company & Sector Update

Corporate results: Fatima Fertilizer rounds off its first year in profit

Fatima Fertilizer has managed to post a profit of Rs4.12 billion in 2011 – its first year of operation – by taking advantage of the massively low gas price offered for being a new player in the industry. more... (ET)

Low prices discourage farmers from growing sugarcane next season

It is the seesaw that the agricultural commodity markets go through every couple of years: farmers in many parts of Punjab are planning on not growing sugarcane next season owing to the low prices they have gotten this season. more... (ET)

Millers ask govt to buy sugar from them and shun imports

Sugar millers have proposed to the government to purchase 400,000 tons of sugar from the domestic market instead of importing the commodity at a higher price. more... (ET)

Railways fares up by 15-20pc

Passenger fares will increase by 15 per cent while the hike will be 20 per cent for inter-city, mail and express trains. From Jan 11 this year, railways has increased by 60 per cent its minimum passenger fare by merging seat reservation charges into the fare of all trains. more... (D)

Political

Fresh faces: PPP celebrates Senate conquest

As 54 newly-elected senators entered the chambers of the upper house on Monday, victorious roars of “Zinda hai Bhutto, zinda hai” (Bhutto is alive) erupted, as Pakistan Peoples Party (PPP) emerged as the single largest party in the house. more... (ET)

Khyber-Pakhtunkhwa: Zardari urged to resolve PPP workers’ issues

The provincial leadership of Pakistan Peoples Party (PPP) on Monday urged President Asif Ali Zardari to visit Khyber-Pakhtunkhwa to remove the sense of neglect among party workers. more... (ET)


FM Khar calls for expanding Pak-Morocco economic cooperation

Ambassador of Morocco, Mohammed Rida El Fassi paid a courtesy call on Foreign Minister Hina Rabbani Khar here at her office on Monday. more... (BR)

Waheeda case draws SC’s attention to service conditions

The incident of slapping polling staff by Syeda Waheeda Shah has now drawn attention of the Supreme Court to indecorous service conditions of civil servants. more... (D)

GCC

SAP Announces Four-Year US $450 Million Additional Spend in MENA

AP AG (NYSE: SAP) today announced a four-year plan worth US $450 million (AED1.65 billion) to up-skill local talent and drive sustainable innovation and growth in the Middle East and North Africa (MENA) region. The decision highlights the region as a fast-growth market and an integral part of the company's overall business strategy. more... (Zawya)

Islamic Development Bank signs MoU with British Int'l Development

 

JEDDAH, March 11 (KUNA) -- The Islamic Development Bank (IDB) and United Kingdom International Development Department signed on Sunday a memorandum of understanding (MoU) which aims at enhancing coordination and cooperation between the two sides in the fields of combating poverty and reducing uemployment. more... (Zawya)

All eyes turn to Spanish deficit

Brussels Eurozone finance ministers were to sign off on a second bailout for Greece Monday and shift their focus to Spain, whose government looks set to violate newly agreed European Union (EU) budget rules by missing its deficit target again this year. more. Gulf News)

Slowdown in Abu Dhabi real estate could signal more mergers

Abu Dhabi Recent merger talks among Abu Dhabi property developers are an indicator that the capital's real estate sector is going through a market cycle, industry experts said Monday. more... (Gulf News)

Quote of the Day:

" Always do right. This will gratify some people and astonish the rest. "

Mark Twain

 
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-Feb 12)
$-14.60bn
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
12-Mar-12
09-Mar-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
81.941
0.57%
13.01%
13.18%
-16.90
     
12-Mar-12
09-Mar-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
819.99
820.61
-0.62

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.47
11.62
11.69
11.80
Offer
11.97
11.87
11.94
12.30

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
9.15
11.10
11.70
11.75
11.80
11.85
Low  
9.10
10.75
11.55
11.60
11.65
11.70

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
91.20
120.30
1.19
143.00
24.95
1.19
0.74

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.78
11.88
11.92
Last Cut Off.
11.83
11.90
11.94
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.90
12.88
12.87
12.81
10 Y-PIB
13.10
13.07
13.06
12.91

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.98
1.76
2.04
2.09
3.93
8.30
13.07
Change bps
0.00
-3.00
2.00
-6.00
1.00
1.40
1.00

Commodities

     
12-Mar-12
13-Mar-12
change
WTI (USD/bbl)    
106.84
106.94
0.09%
     
Brent (USD/bbl)    
125.35
126.06
0.57%
     
Arab Light (USD/bbl)    
125.73
125.44
-0.23%

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
50,335.70
50,409.70
-0.11%
Rice IRRI -6(Rs/100kg)
3,453.00
3,382.00
2.10%
KCA Cotton (Rs/mound)
5,300.00
5,350.00
-0.93%
International
Current
Previous
Change
Coal Spot(USD/ton)
105.95
110.95
-4.51%
Gold Futures
1,701.32
1,713.65
-0.72%
Sugar 11 (USD/lb)
23.77
23.66
0.46%
Steel (USD/ton)
682.20
679.32
0.42%
Wheat (CBT) (USD/bu)
651.25
634.00
1.28%
PTA (USD/ton)
1,205.00
1,210.00
-0.41%
Copper (USD/ton)
8,449.00
8,502.00
-0.62%

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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.