BasedLine

Date: 19-March-2012
KSE-100 Index
Previous Index 13,451.07
Current Index 13,297.12
Change % -1.14%
YTD (CY11) 17.18%
YTD (FY12) 6.41%
KSE-100 Index
Previous Index 23,062.60
Current Index 22,716.97
Change % -1.50%
YTD (CY11) 12.81%
YTD (FY12) 8.51%
International Indicators
 
Close
%age
BSE-30 17,466.20 -1.19
HANGSENG 21,317.80 -0.17
NIKKEI 225 10,129.80 0.06
FTSE 5,965.58 0.42
DJIA 13,232.60 -0.15
SSEC 2,404.74 1.30
NASDAQ 3,055.26 -0.04
 
Close
%age
TASI 7,615.69 0.20
KSE(Kuwait) 6,233.40 0.53
BSE 1,153.28 0.11
MSM 5,927.11 -0.40
ADX 2,606.29 -0.74
DFM 1,660.47 -1.36
QSE 8,670.81 0.13
Capital Market Overview

Weekly review: Market rally comes to an end as profit-taking kicks in

The stock market’s rally finally came to an end as investors chose to book profits, resulting in the benchmark KSE-100 index shedding 0.4% or 55 points to close at the 13,297 point level, during the week ended March 16. more... (ET)

NAVs and Returns
as of March 16, 2012
Funds Offer Redemption
POGSF
10.2046/-
10.2046/-
YTD Return
11.04%
POAIIF
52.7343/-
52.2070/-
YTD Return
12.02%
POAAAF
49.56/-
48.32-
YTD Return
-4.35%
POIAAF
56.73/-
55.31/-
YTD Return
5.86%
POAF
11.12/-
YTD Return
11.29%
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
36.63
3,150
190.19
5.48
17.18%
KSE30
7.20
619
69.16
4.01
15.15%
KMI30
4.98
428
48.08
2.67
12.81%
KSE All
40.03
3,442
426.21
6.69
18.51%
March 16 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
163.81
180.51
-17.81%
OGDC
16.50
164.87
165.34
7.77%
UBL
2.00
70.00
45.39
13.07%
LUCK
1.70
101.25
38.58
42.93%
March 16 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
34.21
-76.94
-42.72
Foreign Corporates
5,100.30
-6,906.98
-1,806.68
Overseas Pakistani
814.84
-635.03
179.81
Grand Total
5,949.36
-7,618.95
-1,669.59
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
15-Mar-12
16-Mar-12
Change
Gross Buy
171.14
-21.19%
50.56
97.74%
6.51
5.95
-8.59%
Gross Sell
-149.77
-7.29%
-37.09
62.81%
-8.77
-7.62
13.16%
Net Buy/(Sell)
20.89
-63.29%
13.16
383.61%
-2.27
-1.67
26.31%
S.C.R.A
Country
During the Period FY12TD
15-03-2012
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
-
-
-27.90
-
0.02
-0.02
Switzerland
28.30
0.40
-
29.82
1.27
-
-2.39
1.11
0.15
0.96
UAE
7.06
0.52
-
3.79
4.46
-
-1.20
0.00
0.11
-0.11
UK
44.77
0.16
-
117.33
0.29
3.47
-76.18
0.30
0.45
-0.15
USA
146.39
-
-
220.21
-
19.06
-92.87
3.38
0.10
0.27
Total
308.17
3.77
-
472.83
8.71
29.22
-199.36
1.97
0.83
1.14
News Clippings
Economy

Need for social entrepreneurship and impact investment!

As we are all aware, Pakistan is lagging behind other countries on economic growth. GDP of countries like China and India is growing two to three times our current growth rates respectively. more... (ET)

Trade with Iran: Govt to barter wheat for seeds and fertilisers

Pakistan has decided to export one million tons of surplus wheat to Iran in return for agricultural seeds, equipment and fertilisers and will send a delegation to Tehran to determine prices of commodities to be traded under a barter system. more... (ET)

Tax-to-GDP ratio fell to 8.6pc in FY11

Pakistan's tax-to-GDP ratio declined from 9.1 percent in 2008-09 (registering the same ratio in 2009-10) to 8.6 percent in 2010-11 while revenue collection, the President proudly announced in his speech to the joint sitting of parliament, doubled from Rs 1000 billion to about Rs 2000 billion since 2008. more... (BR)

Overall food prices rose by 79pc in four years

The cost of minimum food basket comprising basic items increased by 79 per cent during four years of the current government, adding to malnutrition and poverty, according to official findings. more... (D)

Company & Sector Update

Capital markets taxation: SECP feels its role is misunderstood

The Securities and Exchange Commission of Pakistan feels that its position in the government’s decision to grant an extension on documentation of income sources for capital markets investors has been misunderstood. more... (ET)

38 new oil, gas reservoirs discovered in last four years

Oil and Gas Exploration companies working in different parts of the country drilled 102 wells during the last four years and discovered 38 reservoirs, taking the natural gas production from 3,973 million cubic feet per day (MMcfd) to 4,165 Mmcfd. more... (BR)

Delay in capacity payments to IPPs:PPIB fails to induce ECC to make side pacts

Private Power and Infrastructure Board (PPIB) has reportedly failed to convince the Economic Coordination Committee (ECC) of the Cabinet to make side agreements with the Independent Power Producers (IPPs) in case of delay in capacity payments. more... (BR)

Gul Ahmed Textiles honoured

Gul Ahmed Textiles (Pvt) Limited was recently honoured at the coveted 8th Pakistan France Business Alliance (PFBA) Trade Performance Awards for being the highest volume exporter. more... (DT)

Political

Swiss letter impasse: Gilani offers to resign, but says it will not help

A defiant premier has said that he is willing to resign, if it helps.But, in the same breath, he added that his resignation will not resolve the issue of president’s immunity and that the matter should be referred to Parliament. more... (ET)

Zardari, Haqqani wanted to create civil-military tensions: Ijaz

Key witness in the memo scandal, Mansoor Ijaz, told the judicial commission investigating the matter that it was President Asif Ali Zardari and former ambassador to the US Husain Haqqani who were trying to create civil-military tensions, absolving himself of the charge. more... (ET)

Intellectuals, scholars should end division among Sindhis, says Altaf Husain

Muttahida Qaumi Movement (MQM) chiefAltaf Hussainsaid that intellectuals and scholars should eradicate any possibility of division among the ranks of new and old Sindhis. more... (BR)

Nawaz hopes new ISI DG will not meddle in politics

Pakistan Muslim League-Nawaz (PML-N) President Nawaz Sharif has expressed hope that Pak Army chief General Ashfaq Parvez Kayani will make sure that the new Inter-Services Intelligence chief General Zaheerul Islam will not meddle in the country's affairs to engineer the political course. more... (DT)

GCC

Etisalat eyes mobile remittances in the Gulf

Etisalat, which saw $1.8 billion (Dh6.6 billion) moved over its network last year via money transfers, has sought regulatory approval to expand its financial services offerings in the Gulf. more... (Gulf News)

UAE's trade relations with South Korea to grow stronger

South Korea is fast emerging as a key trade and investment partner of the UAE, with the huge potential for future economic partnerships signifying a strategic shift in the country's economic relations with fast growing Asian economies, according to Standard Chartered. more... (Gulf News)

Credit growth in UAE will remain under pressure

UAE credit growth will remain under pressure this year as the debt restructuring of some government related entities (GREs) and high loans to deposit ratios are likely to limit the lending capacity of local banks, according to Standard Chartered officials. more. (Gulf News)

MENA Tax landscape to promote business and improve transparency: Ernst & Young

Ernst & Young's MENA Tax Conference 2012, held in Dubai today, outlined the evolving tax landscape in the Middle East and North Africa (MENA) region. The conference was attended by more than 250 senior finance and tax professionals from across the region and was chaired by Sherif El-Kilany, MENA Tax Leader, Ernst & Young. more... (Zawya)

Quote of the Day:

"You have to start with the truth. The truth is the only way that we can get anywhere. Because any decision-making that is based upon lies or ignorance can't lead to a good conclusion." Julian Assange





 
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
16-Mar-12
15-Mar-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
82.995
0.24%
12.64%
12.71%
-6.80
     
16-Mar-12
15-Mar-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
785.67
794.75
-9.08

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.54
11.66
11.70
11.82
Offer
12.04
11.90
11.95
12.32

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.90
11.80
11.75
11.75
11.80
11.85
Low  
11.50
11.60
11.60
11.65
11.65
11.70

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
91.30
119.60
1.11
143.10
24.75
1.16
0.74

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.80
11.91
11.97
Last Cut Off.
11.83
11.90
11.94
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.94
12.90
12.90
12.94
10 Y-PIB
13.23
13.19
13.19
13.20

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.05
2.05
2.31
2.44
4.29
8.42
13.19
Change bps
1.00
8.00
3.00
7.00
8.00
6.20
0.00

Commodities

     
16-Mar-12
19-Mar-12
change
WTI (USD/bbl)    
105.61
107.30
1.60%
     
Brent (USD/bbl)    
123.21
125.95
2.22%
     
Arab Light (USD/bbl)    
123.33
126.83
2.84%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
103.46
98.82
4.70%
Furnace Oil (Rs/ton)
83,023.52
82,228.92
0.97%
Cement (Rs. Bag Avg)
425.88
425.63
0.06%
Urea Fertilizer (Rs/bag)
1,795.83
1,799.17
-0.19%
Gold 24cr (Rs./10gm) Khi
48,684.32
48,524.90
0.33%
Rice IRRI -6(Rs/100kg)
3,485.00
3,442.00
1.25%
KCA Cotton (Rs/mound)
5,250.00
5,200.00
0.96%
International
Current
Previous
Change
Coal Spot(USD/ton)
105.95
110.95
-4.51%
Gold Futures(USD/oz)
1,663.50
1,662.00
0.09%
Sugar 11 (USD/lb)
25.41
25.50
-0.35%
Steel (USD/ton)
684.91
683.99
0.13%
Wheat (CBT) (USD/bu)
672.00
664.75
1.09%
PTA (USD/ton)
1,205.00
1,210.00
-0.41%
Copper (USD/ton)
8,531.00
8,582.75
-0.60%

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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.