BasedLine

Date: 20-March-2012
KSE-100 Index
Previous Index 13,297.12
Current Index 13,077.72
Change % -1.65%
YTD (CY11) 15.25%
YTD (FY12) 4.65%
KSE-100 Index
Previous Index 22,716.97
Current Index 22,467.99
Change % -1.10%
YTD (CY11) 11.57%
YTD (FY12) 7.32%
International Indicators
 
Close
%age
BSE-30 17,273.40 -1.10
HANGSENG 21,115.30 -0.95
NIKKEI 225 10,142.00 0.12
FTSE 5,961.11 -0.07
DJIA 13,239.10 0.05
SSEC 2,404.74 1.30
NASDAQ 3,078.32 0.75
 
Close
%age
TASI 7,616.01 0.00
KSE(Kuwait) 6,231.00 -0.04
BSE 1,148.01 -0.46
MSM 5,896.35 -0.52
ADX 2,604.74 -0.06
DFM 1,668.07 0.46
QSE 8,684.01 0.15
Capital Market Overview

Market Watch: Stock market closes in the red on panic selling

The stock market failed to start the week on a positive note, as technical corrections continued and investors abandoned positions amid lower volumes.The Karachi Stock Exchange’s (KSE) benchmark 100-share index lost 1.65% or 219.40 points to end at the 13,077 point level. more... (ET)

NAVs and Returns
as of March 19, 2012
Funds Offer Redemption
POGSF
10.2122/-
10.2122/-
YTD Return
11.01%
POAIIF
52.7700/-
52.2423/-
YTD Return
11.97%
POAAAF
48.39/-
47.18-
YTD Return
-6.61%
POIAAF
56.41/-
55.00/-
YTD Return
5.26%
POAF
11.14/-
YTD Return
11.43%
Funds Rating
AMC
AM3
POAIIF
A+ (f)
POAF
AA-
POAAAF
3 Star
POIAAF
5 Star
  Feb-12 Jan-12
MoM (%)
AUM's (PKR bn) 334.07 320.29 4.30%
No of AMCs 24 24 -
No of Funds 124 124 -
KSE Market Data
KSE Market Data
Capitalization
Volume
Traded Val.
KSE Return
 
(USD bn)
(Rs. bn)
(Sh. mn)
(Rs.bn)
(YTD)
KSE100
36.02
3,098
123.42
3.82
15.25%
KSE30
7.10
610
48.96
3.01
13.54%
KMI30
4.93
424
28.16
1.72
11.57%
KSE All
39.32
3,382
256.86
4.53
16.45%
March 19 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
162.02
180.51
-18.71%
OGDC
16.50
163.84
165.34
7.09%
UBL
2.00
69.00
45.39
11.45%
LUCK
1.70
100.83
38.58
42.33%
March 19 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
11.55
-29.76
-18.21
Foreign Corporates
1,937.77
-1,702.21
235.55
Overseas Pakistani
857.83
-462.82
395.01
Grand Total
2,807.14
-2,194.80
612.35
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
16-Mar-12
19-Mar-12
Change
Gross Buy
173.88
-21.71%
53.30
77.41%
5.95
2.81
-52.82%
Gross Sell
-151.92
-13.83%
-39.24
57.15%
-7.62
-2.19
-71.19%
Net Buy/(Sell)
21.47
-54.18%
13.75
177.08%
-1.67
0.61
-136.68%
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

High inflation: regional comparison puts Pakistan at second place

The Economic Co-ordination Committee (ECC) of the Cabinet was informed that Pakistan is experiencing the second highest inflation in the region after Bangladesh, it is learnt. more... (BR)

Financing needs: IP gas pipeline – Russia catches Pakistan’s eye

As a Chinese bank has backed off from financing the $1.5 billion Iran-Pakistan gas pipeline project amid pressure from the United States, Russia has caught the attention of Pakistan, which is planning to explore this viable option first. more... (ET)

Current Account: Deficit widens between July-February

Pakistan’s current account deficit widened to $2.952 billion in the first eight months of the 2011/12 fiscal year, compared with $194 million over the same period in the previous year, the central bank said on Monday. more... (ET)

Net foreign investment declines by 65 percent

Net foreign investment in the country has decline by 65 percent during the first eight months of current fiscal year 2011-2012 because of adverse law and order situation, energy crisis and uncertainty on economic front. more... (BR)

Company & Sector Update

Corporate results: Suzuki profits triple in 2011

Suzuki faced some sharp turns in 2011 but handled them with perfection as profits more than tripled to Rs794 million. more... (ET)

National Savings Schemes may increase profit rates

The government may increase profit rates of National Saving Schemes to keep the avenue lucrative as bonds have become an alternate for investors with a spike in its returns of late. more... (ET)

Nepra chief quits amid controversy over tariff

Amid an ongoing legal controversy over electricity tariffs, National Electric Power Regulatory Authority’s chairman Khalid Saeed submitted his resignation to the prime minister on Monday. more... (D)

Govt making efforts to generate cheaper electricity: Qamar

Federal Minister for Water and Power, Syed Naveed Qamar has said the government was making all out endeavors to generate cheaper electricity by developing indigenous energy resources, especially renewable in the country. more... (DT)

Political

Delayed response: US to apologise over NATO air raid – finally

After months of diplomatic squabbling over a deadly cross-border air raid by Nato troops on Pakistani posts, the United States now plans to offer a formal public apology to Islamabad, officials said on Monday. more... (ET)

PM’s response to court: Gilani demurs from writing Swiss letter

Prime Minister Yousaf Raza Gilani turned to legal gymnastics on Monday to argue that he was a victim of “pre-trial” opinions and as such not guilty of contempt charges as he made his stoutest refusal till date to write a letter to the Swiss authorities against President Asif Ali Zardari. more... (ET)

Javed Hashmi made PTI president: Imran

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Monday said that Javed Hashmi had been made the party's President, Geo News reported. more... (N)

Parliament meets today to review US ties

With a lapse of two days, another joint parliamentary session would be held on Tuesday (today) to discuss the recommendations of the Parliamentary Committee on National Security to consider new terms of engagement with the United States. more... (DT)

GCC

Bank lending to remain tepid in UAE

The UAE is expected to experience a continued credit squeeze although the local banks, particularly those Abu Dhabi-based, have reported a significant reduction in the non-performing loan (NPL) ratios, Moody's said yesterday. more... (Gulf News)

UAE seeking to keep financial ties open with Tehran

The UAE is looking for ways to continue financing legitimate trade with Iran after the organisation that handles worldwide banking transfers disconnected most Iranian banks from its systems over the weekend, according to Minister of Economy Sultan Bin Saeed Al Mansouri. more... (Gulf News)

Bahrain's debt doubles after crisis

Measures taken by Bahrain to cushion the repercussions of the 2008 global fiscal distress nearly doubled its public debt but its ratio to GDP remains far below the 60 per cent ceiling required by the Gulf monetary union, a Kuwait bank has said. more. (Zawya)

Gold will fall to $1,550 within a month: UBS

Swiss investment bank UBS has downgraded its one- and three-month forecasts for gold in expectations of a sustainable global economic recovery, especially in the US. more... (Zawya)

Quote of the Day:

" I feel sorry for the person who can't get genuinely excited about his work. Not only will he never be satisfied, but he will never achieve anything worthwhile. " Walter Chrysler





 
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-Feb 12)
$-2.95bn
Remittances (July 11- Jan 12)
$7.44bn
Foreign Investment (Jul 11-Feb 12)
$430.20mn
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
19-Mar-12
16-Mar-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
82.995
0.24%
12.64%
12.71%
-6.80
     
19-Mar-12
16-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
11.55
11.65
11.70
11.81
Offer
12.05
11.90
11.95
12.31

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
91.25
119.80
1.11
143.50
24.95
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

     
19-Mar-12
20-Mar-12
change
WTI (USD/bbl)    
107.30
107.60
0.28%
     
Brent (USD/bbl)    
125.95
125.24
-0.56%
     
Arab Light (USD/bbl)    
126.83
126.08
-0.59%

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
48,512.90
48,684.32
-0.35%
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)
1,657.20
1,663.50
-0.38%
Sugar 11 (USD/lb)
25.66
25.41
0.98%
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.