BasedLine

Date: 16-March-2012
KSE-100 Index
Previous Index 13,360.67
Current Index 13,451.07
Change % 0.68%
YTD (CY11) 18.54%
YTD (FY12) 7.64%
KSE-100 Index
Previous Index 22,009.41
Current Index 23,062.60
Change % 0.23%
YTD (CY11) 14.52%
YTD (FY12) 10.16%
International Indicators
 
Close
%age
BSE-30 17,675.80 -1.36
HANGSENG 21,353.50 0.21
NIKKEI 225 10,123.30 0.72
FTSE 5,940.72 -0.08
DJIA 13,252.80 0.44
SSEC 2,391.23 -2.62
NASDAQ 3,056.37 0.51
 
Close
%age
TASI 7,567.98 0.62
KSE(Kuwait) 6,200.40 0.59
BSE 1,152.07 0.26
MSM 5,951.00 -0.41
ADX 2,625.85 -0.16
DFM 1,683.41 -0.45
QSE 8,659.87 0.38
Capital Market Overview

Market Watch: Stock market closes green after jittery start

The stock market fell nearly 80 points in early trade, but support from cement and oil stocks saw it close in the positive territory after a volatile trading session.The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.68% or 90.40 points to end at the 13,451.07 point level. more... (ET)

NAVs and Returns
as of March 15, 2012
Funds Offer Redemption
POGSF
10.2021/-
10.2021/-
YTD Return
11.30%
POAIIF
52.7232/-
52.1960/-
YTD Return
12.04%
POAAAF
50.19/-
48.94-
YTD Return
-3.13%
POIAAF
57.20/-
55.77/-
YTD Return
6.74%
POAF
11.12/-
YTD Return
11.30%
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
37.14
3,194
149.69
4.64
18.54%
KSE30
7.33
631
62.83
3.92
17.29%
KMI30
5.06
435
40.96
2.41
14.52%
KSE All
40.57
3,489
336.91
5.71
19.86%
March 15 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
163.91
180.51
-17.76%
OGDC
16.50
167.55
165.34
9.52%
UBL
2.00
73.65
45.39
18.96%
LUCK
1.70
102.46
38.58
44.64%
March 15 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
454.14
243.01
211.14
Foreign Corporates
5,502.59
-8,076.99
-2,574.40
Overseas Pakistani
551.37
-453.74
97.63
Grand Total
6,508.10
-8,773.74
-2,265.64
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
14-Mar-12
15-Mar-12
Change
Gross Buy
165.32
-23.87%
44.74
75.00%
3.56
6.51
82.82%
Gross Sell
-142.33
-11.90%
-29.65
30.13%
-3.14
-8.77
-179.56%
Net Buy/(Sell)
22.48
-60.49%
14.76
442.22%
0.42
-2.27
-637.64%
S.C.R.A
Country
During the Period FY12TD
14-03-2012
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
-
-
14.30
-
-
-5.99
-
-
-
Luxembourg
27.59
-
-
33.00
-
-
-27.88
0.00
-
0.00
Switzerland
27.19
0.40
-
29.67
1.27
-
-3.36
-
-
-
UAE
7.06
0.52
-
3.68
4.46
-
-1.09
-
-
-
UK
44.48
0.16
-
116.88
0.29
3.47
-76.03
0.08
0.07
0.01
USA
146.01
-
-
220.11
-
19.06
-93.14
2.32
0.05
2.27
Total
306.20
3.77
-
472.01
8.71
29.22
-200.51
2.72
0.47
2.25
News Clippings
Economy

Mutual funds industry grows by 44% in 8MFY12

Pakistan mutual funds industry showed a healthy growth of 44 percent in its value to reach Rs 360 billion by February as against June 2011 closings, when the entire industry stood at Rs 250 billion. more... (DT)

Forex reserves rise to $16.39bn

Pakistan’s foreign exchange reserves rose to $16.39 billion in the week ended March 9, compared with $16.34 billion in the previous week, the central bank said on Thursday. Reserves held by the SBP fell to $11.86 billion from $11.90 billion a week earlier. more... (DT)

Circular debt soars 465% in four years

It has not happened overnight but is an alarming development nonetheless, that the circular debt among energy companies has soared 465% in four years since the Pakistan Peoples Party-led coalition government came to power in March 2008.more... (ET)

Businessman optimistic about better Indian ties

The recent political development between India and Pakistan has encouraged business leaders to evolve a strategy for further deepening of economic cooperation between Pakistan and India to the extent of their true potential. more... (DT)

Company & Sector Update

Govt ready to probe Steel Mills affairs, SC told

The Supreme Court reserved on Thursday its judgment on a case relating to corruption in Pakistan Steel Mills, which had suffered a whopping loss of Rs26.5 billion in 2008-09 alone. more... (D)

Gas, fuel shortage creates mass outages

Electricity shortfall rose on Thursday beyond 6,000 megawatt (MW) that is almost 50 per cent of total 13,000MW demand in the country, thus necessitating a 10 to 14 hours loadshedding throughout the country. more... (D)

Pakistan rated among fastest growing markets in mobile banking

The disparity between the banked and unbanked segments of the country as well as recent growth in branchless banking sector remained the highlights of the International Mobile Commerce Conference held on Thursday. more... (ET)

Pakistan plans to import LNG from Qatar: Petroleum minister

Minister for Petroleum and Natural Resources Dr Asim Hussain said on Thursday that Pakistan plans to import 500 Million British Thermal Unit (mmbtu) LNG from Qatar to meet its energy requirements.more... (ET)

Political

Prison better than going to the gallows’

Maintaining his defiant stance on the issue of writing a letter to Swiss authorities to reopen corruption cases also involving President Asif Ali Zardari, Prime Minister Yousuf Raza Gilani said on Thursday he would rather go to prison than write the letter. more... (D)

Haqqani, Ijaz come face to face

Erstwhile phone buddies and currently legal opponents came face to face on Thursday for the first time since the infamous memo scandal broke out last year. more... (D)


MQM threatens to boycott joint session

The Muttahida Qaumi Movement (MQM) on Thursday threatened to boycott the forthcoming joint session of parliament to protest the unabated activities of extortionists in Karachi, urging the government to take appropriate measures to improve the situation in the city. more... (DT)

Before the elections: PML-N predicts pre-poll rigging will take place

The Pakistan Muslim League-Nawaz’s (PML-N) leaders have claimed that pre-poll rigging was being planned as the names of their party voters were not enrolled in Karachi and other parts of Sindh. more... (ET)

GCC

Saudi investors to take Egypt to court over seizures

Egypt will be taken before international arbitration courts by Saudi investors that claim to have lost over $350 million (Dh1.28 billion) following asset seizures. Noubaria Seed Production Company and Tanta Flax and Oil Company, both owned by Shaikh Abdul Elah Kaki and his family, will be claiming $250 million and $100 million from the Egyptian government respectively in two legal claims. more... (Gulf News)

Dubai cements role as stable trading hub

Gary Seabrook is busy tripling capacity at the paint business he runs near the Dubai port because he doesn't want to miss out on any sales.The general manager of Caparol Paints in the UAE and a Dubai veteran of 23 years has seen the booms and bust, and his company is now investing as much as Dh40 million so it can serve countries across the Gulf and North Africa. more... (Gulf News)

Iranian state-run firms cede $3.9 billion worth of shares

Some 118 trillion rials (around $10 billion) of the Iranian government's equities will be transferred to domestic banks on the stock market through holding tenders, the deputy director of the Iranian Privatization Organization announced on March 6 . more. (Zawya)

Insurance sector stays in limelight

Saudi stock market sustained major upward trend as the Tadawul All-Share Index (TASI), after suffering a dip during the week, continued its upward march and added further 46.4 points to close at 7,567.98 levels on Wednesday, up 0.62 percent over the close of the previous trading day. On year-to-date basis the index has accumulated about 1,150.25 points or up 17.92 percent.more... (Zawya)

Quote of the Day:

" Good management is the art of making problems so interesting and their solutions so constructive that everyone wants to get to work and deal with them." Paul Hawken





 
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
15-Mar-12
14-Mar-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
82.799
0.03%
12.71%
12.72%
-0.60
     
15-Mar-12
14-Mar-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
794.75
788.38
6.37

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.50
11.63
11.70
11.81
Offer
12.00
11.88
11.95
12.31

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
9.25
11.40
11.70
11.75
11.80
11.85
Low  
9.10
11.25
11.55
11.60
11.65
11.70

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
90.77
119.40
1.10
143.20
24.82
1.17
0.74

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.78
11.90
11.96
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
12.94
10 Y-PIB
13.23
13.19
13.06
13.20

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.04
1.97
2.28
2.37
4.21
8.36
13.19
Change bps
0.00
2.00
-4.00
3.00
-5.00
7.90
13.00

Commodities

     
15-Mar-12
16-Mar-12
change
WTI (USD/bbl)    
105.73
105.61
-0.11%
     
Brent (USD/bbl)    
125.00
123.21
-1.43%
     
Arab Light (USD/bbl)    
125.06
123.33
-1.38%

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
49,285.00
49,372.00
-0.18%
Rice IRRI -6(Rs/100kg)
3,426.00
3,477.00
-1.47%
KCA Cotton (Rs/mound)
5,200.00
5,300.00
-1.89%
International
Current
Previous
Change
Coal Spot(USD/ton)
105.95
110.95
-4.51%
Gold Futures
1,644.88
1,674.10
-1.75%
Sugar 11 (USD/lb)
24.44
24.13
1.28%
Steel (USD/ton)
684.29
682.77
0.22%
Wheat (CBT) (USD/bu)
643.75
649.00
-0.81%
PTA (USD/ton)
1,205.00
1,210.00
-0.41%
Copper (USD/ton)
8,473.50
8,562.00
-1.03%

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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.