BasedLine

Date: 21-March-2012
KSE-100 Index
Previous Index 13,077.72
Current Index 13,303.33
Change % 1.73%
YTD (CY11) 17.23%
YTD (FY12) 6.46%
KSE-100 Index
Previous Index 22,467.99
Current Index 22,819.89
Change % 1.57%
YTD (CY11) 13.32%
YTD (FY12) 9.00%
International Indicators
 
Close
%age
BSE-30 17,316.18 0.25
HANGSENG 20,888.24 -1.08
NIKKEI 225 10,142.00 0.12
FTSE 5,891.41 -1.17
DJIA 13,170.19 -0.52
SSEC 2,410.18 0.23
NASDAQ 3,074.15 -0.14
 
Close
%age
TASI 7,518.66 -1.28
KSE(Kuwait) 6,228.90 -0.03
BSE 1,146.96 -0.09
MSM 5,921.82 0.43
ADX 2,586.53 -0.70
DFM 1,643.31 -1.48
QSE 8,646.60 -0.43
Capital Market Overview

Market Watch: KSE close of day

The Karachi share market on Tuesday witnessed bullish trend on the back of investors’ interest in E&P, cement, fertilizer and banking sector stocks.The benchmark KSE-100 index increased by 225.61 points and closed at the level of 13,303.33 points. more... (BR)

NAVs and Returns
as of March 20, 2012
Funds Offer Redemption
POGSF
10.2150/-
10.2150/-
YTD Return
11.01%
POAIIF
52.7806/-
52.2528/-
YTD Return
11.96%
POAAAF
49.75/-
48.51-
YTD Return
-3.98%
POIAAF
57.19/-
55.76/-
YTD Return
6.72%
POAF
11.15/-
YTD Return
11.42%
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
36.51
3,140
148.20
4.54
17.23%
KSE30
7.21
620
59.21
3.39
15.34%
KMI30
4.98
428
31.71
1.85
13.32%
KSE All
39.87
3,429
247.81
5.14
18.46%
March 20 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
166.95
117.97
-16.23%
OGDC
16.50
165.08
149.73
7.90%
UBL
2.00
70.63
45.37
14.08%
LUCK
1.70
104.49
38.57
47.50%
March 20 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
27.58
-50.41
-22.83
Foreign Corporates
6,500.57
-820.21
5,680.36
Overseas Pakistani
525.99
-663.28
-137.29
Grand Total
7,054.14
-1,533.90
5,520.24
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
19-Mar-12
20-Mar-12
Change
Gross Buy
180.77
-18.61%
60.20
95.48%
2.81
7.05
151.29%
Gross Sell
-153.42
-12.98%
-40.74
56.97%
-2.19
-1.53
30.11%
Net Buy/(Sell)
26.75
-42.92%
19.02
301.97%
0.61
5.52
801.49%
S.C.R.A
Country
During the Period FY12TD
19-03-2012
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
8.78
-
-
14.55
-
-
-5.77
0.47
-
0.47
Luxembourg
27.76
-
-
33.00
-
-
-28.21
0.15
0.39
-0.24
Switzerland
28.30
0.40
-
30.63
1.27
-
-3.20
-
0.81
-0.81
UAE
7.06
0.52
-
3.79
4.46
-
-1.20
-
-
-
UK
45.32
0.16
-
118.71
0.29
3.47
-77.01
0.27
1.11
-0.84
USA
147.42
-
-
221.23
-
19.06
-92.86
0.53
0.47
0.06
Total
311.41
3.77
-
477.02
8.71
29.22
-200.31
1.93
3.01
-1.07
News Clippings
Economy

Economy showing signs of modest improvement: SBP

The country's economy is showing signs of modest improvement. This was stated in the second quarterly report of the State Bank of Pakistan (SBP) here on Tuesday. more... (BR)

Risks to macroeconomic stability rising, SBP warns

The State Bank of Pakistan (SBP) warned on Tuesday that the risks to macroeconomic stability have increased while projecting high inflation outlook due to incessant government borrowing from the central bank and widening of the budget deficit amid lack of inflows and pressure of IMF repayment which may lead to further decline in the foreign exchange reserves. more... (N)

World Bank approves $1 bn for projects in Pakistan

The World Bank said Tuesday it would fund two projects totaling $1.09 billion, in energy and irrigation, aimed at supporting Pakistan's growth agenda for reducing poverty. more... (ET)

Forex inflows slowdown challenges C/A deficit

The slowdown in foreign exchange inflows has also raised concerns about the country's balance of payments particularly the overall external account deficit has increased to $1 billion as compared to $0.8 billion in the first quarter of the year, the State Bank of Pakistan's quarterly report said on Tuesday. more... (DT)

Company & Sector Update

Lucky Cement intends to sell 20MW electricity to PESCO

Lucky Cement Limited, Pakistan's largest cement producer, having cement plants in Karachi and Darra Pezu, Khyber Pakhtunkhwa (KPK), intends to sell additional electricity to power supply companies of KPK Province through its Plant in Darra Pezu. more... (DT)

Power tariffs to rise by as much as 21%

It does not come without warning, but the nearly 21% increase in power tariffs that the National Electric Power Regulatory Authority (Nepra) approved on Tuesday is likely to be unwelcome amongst consumers of electricity who only last month went through another 39% increase in electricity rates. more... (ET)

Mari Gas supplying 44MMSCF gas to SNGPL

Mari Gas Company Limited has started supplying 44 MMSCF per day gas to Sui North Gas Pipeline Limited (SNGPL)from March 10, Geo News reported. more... (N)

Refinery sales decline by 2pc

Overall refinery sales went down by two percent during the first eight months of the current fiscal year with major decline being witnessed in sales of furnace oil, which was down by 11 percent, suggest latest figures issued by Oil Companies Advisory Committee (OCAC). more... (N)

Political

Response: US diplomats not surprised … but waiting

For the United States, it was not a shock by any definition. Not even a surprise. However, the response will come only after the parliamentary process is over. Recommendations made in Parliament on Tuesday regarding ties with the US were almost exactly anticipated by Washington. more... (ET)

Gilani calm and composed on eve of crucial hearing

A composed and smiling Prime Minister Yousuf Raza Gilani welcomed guests at a lunch he hosted in honour of a royal guest from Thailand on Tuesday, showing no signs of strain due to the ongoing contempt case hearing in the apex court. more... (D)

Commission directs Husain Haqqani to appear on March 26

The Memo Commission constituted, pursuant to the order of the Supreme Court of Pakistan, that Mansoor Ijaz has concluded his evidence and that Husain Haqqani has not carried out the admission or denial of documents. more... (D)

Govt wasting time in Balochistan: CJ

Chief Justice Iftikhar Muhammad Chaudhry on Tuesday questioned why the government was not establishing its writ in Balochistan and who was stopping it from doing so, adding that the government was doing nothing but wasting time in the province. more... (N)

GCC

EU set to sanction Syria, Iran, Belarus this week

European Union foreign ministers will consider slapping fresh sanctions this week against Syria, Iran and Belarus as the bloc ramps up its drive to stop human rights abuse. more... (Zawya)

Oil prices, inflation likely to rise if Iran crisis worsens

An escalation in the ongoing Iran crisis will hit the region’s economies and boost oil prices, according to Darwish Bin Esmail Bin Ali Al Beloushi, Oman’s Minister of Finance Affairs. more... (Zawya)

UAE Government Slashes Dubai-based Amlak's Debt By AED4 Bln -Econ Min

The U.A.E. government has slashed the debt pile of Dubai-based Amlak Finance PJSC (AMLAK.DFM) by 4 billion U.A.E. dirhams($1.09 billion) as the Islamic mortgage provider continues to overhaul its business. more. (Zawya)

Gulf banks warned to brace for fall in European funding

Some banking systems in the GCC could face funding gaps in the event of massive deleveraging and the consequent exit of European banks from funding in the region, Moody's analysts said yesterday. more... (Gulf News)

Quote of the Day:

" I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well. " Alan Greenspan





 
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
20-Mar-12
19-Mar-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
82.887
-0.06%
12.69%
12.67%
2.30
     
20-Mar-12
19-Mar-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
784.56
773.46
11.10

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.55
11.65
11.71
11.80
Offer
12.05
11.90
11.96
12.30

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.90
11.90
11.80
11.80
11.90
11.95
Low  
11.60
11.75
11.70
11.70
11.75
11.85

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
91.30
121.80
1.11
145.00
24.95
1.16
0.74

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.82
11.92
11.96
Last Cut Off.
11.83
11.90
11.94
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.95
12.90
12.90
12.94
10 Y-PIB
13.21
13.15
13.15
13.20

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.05
2.05
2.37
2.42
4.28
8.41
13.15
Change bps
1.00
-2.00
-1.00
-1.00
-2.00
-0.50
0.00

Commodities

     
20-Mar-12
21-Mar-12
change
WTI (USD/bbl)    
107.60
106.67
-0.86%
     
Brent (USD/bbl)    
125.24
124.58
-0.53%
     
Arab Light (USD/bbl)    
126.08
124.55
-1.21%

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
48,427.19
48,512.902
-0.18%
Rice IRRI -6(Rs/100kg)
3,558.00
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)
104.90
105.95
-0.99%
Gold Futures(USD/oz)
1,652.60
1,657.20
-0.28%
Sugar 11 (USD/lb)
25.61
25.66
-0.19%
Steel (USD/ton)
687.34
686.74
0.09%
Wheat (CBT) (USD/bu)
642.50
652.25
-1.49%
PTA (USD/ton)
1,160.00
1,205.00
-3.73%
Copper (USD/ton)
8,459.00
8,601.50
-1.66%

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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.