BasedLine

Date: 14-March-2012
KSE-100 Index
Previous Index 13,382.54
Current Index 13,283.65
Change % -0.74%
YTD (CY11) 17.06%
YTD (FY12) 6.30%
KSE-100 Index
Previous Index 23,194.95
Current Index 22,934.77
Change % -1.12%
YTD (CY11) 13.89%
YTD (FY12) 9.55%
International Indicators
 
Close
%age
BSE-30 17,813.60 1.28
HANGSENG 21,339.70 0.97
NIKKEI 225 9,899.08 0.09
FTSE 5,955.91 1.07
DJIA 13,177.70 1.68
SSEC 2,474.07 0.74
NASDAQ 3,039.88 1.88
 
Close
%age
TASI 7,521.60 -0.24
KSE(Kuwait) 6,148.60 -0.03
BSE 1,152.27 0.22
MSM 5,957.32 0.94
ADX 2,623.02 0.31
DFM 1,682.01 0.88
QSE 8,629.79 -0.03
Capital Market Overview

Market Watch: Stock market takes a tumble

Profit-taking was witnessed in the stock market on Tuesday as the benchmark index closed in the red.The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.74% or 98.89 points to end at the 13,283.65 point level. more... (ET)

NAVs and Returns
as of March 13, 2012
Funds Offer Redemption
POGSF
10.1970/-
10.1970/-
YTD Return
11.06%
POAIIF
52.6989/-
52.1719/-
YTD Return
12.06%
POAAAF
49.94/-
48.69/-
YTD Return
-3.62%
POIAAF
57.13/-
55.70/-
YTD Return
6.60%
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
36.82
3,167
186.22
4.46
17.06%
KSE30
7.31
629
57.21
3.16
17.01%
KMI30
5.03
433
30.90
1.74
13.89%
KSE All
40.17
3,455
313.59
5.26
18.25%
March 12 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
179.00
117.96
-10.19%
OGDC
16.50
163.91
149.72
7.14%
UBL
2.00
78.61
45.37
26.97%
LUCK
1.70
103.14
38.56
45.60%
March 12 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
122.24
-129.84
-7.60
Foreign Corporates
2,682.77
-1,633.02
1,049.76
Overseas Pakistani
707.59
-762.42
-54.83
Grand Total
3,512.60
-2,525.28
987.33
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
12-Mar-12
13-Mar-12
Change
Gross Buy
155.48
-26.56%
34.90
61.25%
5.77
3.51
-39.09%
Gross Sell
-130.69
-13.48%
-18.01
8.50%
-1.52
-2.53
-65.89%
Net Buy/(Sell)
24.25
-60.94%
16.52
234.61%
4.24
0.99
-76.74%
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
-
-
-
Luxembourg
27.17
-
-
33.00
-
-
-28.29
0.55
-
0.55
Switzerland
27.19
0.40
-
29.67
1.27
-
-3.36
0.43
-
0.43
UAE
7.06
0.52
-
3.68
4.46
-
-1.09
0.07
-
0.07
UK
44.25
0.16
-
115.97
0.29
3.47
-75.35
0.02
-
0.02
USA
139.85
-
-
220.06
-
19.06
-99.26
1.04
0.03
1.02
Total
298.75
3.77
-
470.68
8.71
29.22
-206.63
2.62
0.03
2.59
News Clippings
Economy

Financing infrastructure: CDWP to consider projects worth Rs292b for approval

The government will consider approval for 76 new development schemes on Wednesday (today), worth an estimated Rs292 billion, including a Rs30.5 billion package for the worse-than-bankrupt Pakistan Railways. more... (ET)

Chinese bank ditches Iran gas project

A consortium led by the Industrial and Commercial Bank of China (ICBC) has ‘run away’ from providing financial advisory services for the Iran-Pakistan gas pipeline project apparently because of the US opposition to the plan and forced the government to look for alternative financing options. more... (D)

New short tenure bonds soon

The National Savings Organisation will list new short tenure bonds of varying maturity to be launched shortly on the stock exchange.This was stated by National Savings Organisation (NSO) Director General Zafar M Sheikh during his visit to the Lahore Stock Exchange (LSE) on Monday. more... (D)

ABF expresses concern over 41% rise in trade deficit

American Business Forum (ABF) President Salim Ghauri has expressed concerns over 41 percent increase in trade deficit within first eight months of the current fiscal year and said the country’s economy would have to pay the price of huge fiscal and trade deficits. more... (DT)

Company & Sector Update

October-December 2011: Branchless banking network expanded by 16pc

The Branchless Banking (BB) network in Pakistan expanded by 16 percent in the second quarter (October- December 2011) of the current fiscal year (2011-12) to reach 22,512 agents covering the entire length and breadth of the country, says State Bank's Branchless Banking Newsletter released. more... (BR)

Early bird: Faw Motors – the only beneficiary of auto policy

The first and may be the only beneficiary of government’s policy to attract new carmakers, Al-Haj Faw Motors Private Limited that last week launched two 1,000cc engine vehicles, is going to get maximum advantage of the Auto Industry Development Programme (AIDP). more... (ET)

PTA to hire international consultant for 3G license auction

Pakistan Telecommunications Authority is all set to hire consultant of international repute for the smooth process of 3G license auction. According to the details, requirements have been advertised in the local and international media for hiring a consultant. more... (D)

Urea import not necessary anymore

The import of urea is no more beneficial for the economy of the country as major fertilizer plants in the country have started production after restoration of gas supply. more... (DT)

Political

Formation of Pak-Afghan Joint Chamber of Commerce augurs well: Qaim

The setting up of the Pak-Afghan JointChamber of Commerce and Industry augured well for enhancing the tradevolume between the two countries.This was stated by the Chief Minister of Sindh, Syed Qaim AliShah. more... (BR)

SC requested to put Pasha’s name on ECL

A lawyer who had approached the Supreme Court on the ‘disappearance’ of 11 Adiyala prisoners has filed another application requesting the court to order placing the name of outgoing spymaster Lt-Gen Ahmed Shuja Pasha on the Exit Control List (ECL). more... (D)


Changes in army’s hierarchy in the offing this year

The military hierarchy will see reshuffle in a phased manner and before the end of this year more than half of the formations will have new faces as their commanders. more... (D)

With 182 registered parties, Pakistan has one for every million

With the addition of 15 new entities on Tuesday, the number of registered political parties in Pakistan has risen to a whopping 182.The Election Commission of Pakistan, during its meeting on Tuesday, cleared the applications of 15 applicants under the Political Parties Order 2002. more... (ET)

GCC

French Total seeks business in Iraqi Kurdistan: chief

French oil giant TotalTotal is in talks to tap opportunities to invest in autonomous Iraqi Kurdistan, its chief said Tuesday as Baghdad insists contracts should go through the central government. more... (Zawya)

Dubai has 30% surplus energy

Dubai has an energy surplus of 30 per cent, according to the president of the Dubai Electricity and Water AuthorityDubai Electricity and Water AuthorityDubai Electricity and Water Authority (DEWA). Shaikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance and President of Dewa, told media that DEWA’s financial situation is healthy and there is no plan for the UAE to issue bonds. more... (Zawya)

Fresh boost for Riyadh development

RIYADH: The High Commission for the Development of Riyadh (HCDR) has recently approved a series of construction and service facilities for its two new urban centers in the eastern and northern parts of the city. more. (Zawya)

NBAD approves distribution of 30% cash dividend

National Bank of Abu Dhabi's (NBAD) annual general meeting on Tuesday approved the distribution of a 30 per cent cash dividend and 35 per cent bonus shares to shareholders listed in the share register held with the Abu Dhabi Securities Exchange (ADX) as of March 25. more... (Gulf News)

Quote of the Day:

" Efforts and courage are not enough without purpose and direction.

John F. Kennedy

 
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
13-Mar-12
12-Mar-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
82.517
0.70%
12.80%
13.01%
-20.80
     
13-Mar-12
12-Mar-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
795.81
819.99
-24.18

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.43
11.62
11.68
11.79
Offer
11.93
11.87
11.93
12.29

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
9.15
11.25
11.70
11.75
11.80
11.85
Low  
9.10
10.90
11.55
11.60
11.65
11.70

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
91.00
120.30
1.11
143.20
24.90
1.19
0.74

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.75
11.87
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
12.88
12.81
10 Y-PIB
13.10
13.06
13.07
12.91

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.00
1.82
2.14
2.17
4.03
8.32
13.06
Change bps
2.00
6.00
10.00
8.00
10.00
2.60
-1.00

Commodities

     
13-Mar-12
14-Mar-12
change
WTI (USD/bbl)    
106.94
106.77
-0.16%
     
Brent (USD/bbl)    
126.06
126.10
0.03%
     
Arab Light (USD/bbl)    
125.44
125.78
0.27%

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
49,537.16
50,335.70
-1.63%
Rice IRRI -6(Rs/100kg)
3,477.00
3,453.00
0.70%
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
1,674.10
1,701.32
-1.60%
Sugar 11 (USD/lb)
24.13
23.77
1.51%
Steel (USD/ton)
682.20
679.32
0.42%
Wheat (CBT) (USD/bu)
649.00
651.25
-0.35%
PTA (USD/ton)
1,205.00
1,210.00
-0.41%
Copper (USD/ton)
8,562.00
8,449.00
1.34%

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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.