BasedLine

Date: 22-March-2012
KSE-100 Index
Previous Index 13,303.33
Current Index 13,293.12
Change % -0.08%
YTD (CY11) 17.14%
YTD (FY12) 6.38%
KSE-100 Index
Previous Index 22,819.89
Current Index 22,700.76
Change % -0.52%
YTD (CY11) 12.73%
YTD (FY12) 8.43%
International Indicators
 
Close
%age
BSE-30 17,601.71 1.65
HANGSENG 20,856.63 -0.15
NIKKEI 225 10,086.50 -0.55
FTSE 5,891.95 0.01
DJIA 13,124.62 -0.35
SSEC 2,376.84 -1.38
NASDAQ 3,075.32 0.04
 
Close
%age
TASI 7,540.27 0.29
KSE(Kuwait) 6,249.40 0.33
BSE 1,147.65 0.06
MSM 5,922.67 0.01
ADX 2,593.25 0.26
DFM 1,655.50 0.74
QSE 8,635.87 -0.12
Capital Market Overview

Market Watch: Stock market flat as investors remain cautious

The stock market closed flat on Wednesday as investors remained cautious amid Supreme Court hearing of the contempt of court case against Prime Minister Yousaf Raza Gilani. The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.08 per cent or 10.21 points to end at the 13,293.12 point level. more... (ET)

NAVs and Returns
as of March 21, 2012
Funds Offer Redemption
POGSF
10.2182/-
10.2182/-
YTD Return
11.01%
POAIIF
52.7921/-
52.2642/-
YTD Return
11.94%
POAAAF
49.73/-
48.49-
YTD Return
-4.02%
POIAAF
57.46/-
56.02/-
YTD Return
7.22%
POAF
11.15/-
YTD Return
11.44%
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
36.30
3,122
153.33
3.78
17.14%
KSE30
7.14
614
45.11
2.66
14.26%
KMI30
4.95
425
27.21
1.75
12.73%
KSE All
39.66
3,411
266.07
4.59
18.44%
March 21 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
165.72
118.01
-16.85%
OGDC
16.50
165.62
149.79
8.26%
UBL
2.00
71.98
45.39
16.27%
LUCK
1.70
103.09
38.58
45.53%
March 21 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
15.66
-208.59
-192.93
Foreign Corporates
925.63
-1,533.57
-627.94
Overseas Pakistani
415.55
-385.42
30.14
Grand Total
1,356.85
-2,147.58
-790.73
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
20-Mar-12
21-Mar-12
Change
Gross Buy
182.10
-18.22%
61.52
70.94%
7.05
1.36
-80.77%
Gross Sell
-155.52
-12.19%
-42.84
41.44%
-1.53
-2.15
-40.01%
Net Buy/(Sell)
25.99
-44.25%
18.27
227.58%
5.52
-0.79
-114.32%
S.C.R.A
Country
During the Period FY12TD
20-03-2012
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
-
-
14.93
-
-
-6.14
-
0.37
-0.37
Luxembourg
28.92
-
-
33.00
-
-
-27.56
1.15
0.51
0.65
Switzerland
28.30
0.40
-
30.63
1.27
-
-3.20
-
-
-
UAE
7.06
0.52
-
3.79
4.46
-
-1.20
-
-
-
UK
45.63
0.16
-
120.36
0.29
3.47
-78.36
0.31
1.66
-1.35
USA
148.35
-
-
226.03
-
19.06
-96.73
0.93
4.80
-3.87
Total
316.78
3.77
-
486.86
8.71
29.22
-204.78
5.37
9.84
-4.47
News Clippings
Economy

Revenue collection up 34 per cent

The collectorate of appraisement has bagged higher revenue during the first eight months (July to Feb) of the current fiscal year at Rs86.167 billion or 34.56 per cent more over the corresponding period last year when collection stood at Rs64.035 billion. more... (D)

WB approves $1.09bn to support Pakistan’s growth agenda

The World Bank has approved two projects amounting to $1.09 billion aimed at supporting Pakistan’s growth agenda for reducing poverty, a bank statement said on Wednesday. more... (N)

FPCCI threatens closure of industrial activities

Pakistan’s apex trade body has threatened to close down entire industrial activity in the country in protest against the revenue authorities’ unilateral imposition. more... (N)

Borrowing to finance budget deficit surges to Rs979bn

The government borrowing for financing budget deficit surged by 123 percent to Rs979.26 billion in the current fiscal year against Rs438.28 billion in the corresponding period last year, according to official data released on Wednesday. more... (N)

Company & Sector Update

Agri credit disbursement surges by 19pc to Rs 172.563 billion

Agricultural credit disbursement by banks surged by 19 percent on year-on-year basis to Rs 172.563 billion in the first eight months (July-February) of the current fiscal year. more... (BR)

No money, no honey: PARCO halts jet fuel supply to PSO

Pak-Arab Refinery Company (Parco) has stopped jet fuel supply to Pakistan State Oil (PSO), raising the spectre of a fuel crisis on airports of Punjab in the next few days. more... (ET)

PC decides to accelerate privatisation process

The Privatisation Commission’s board, while discussing the Capital Market Transaction Roadmap, decided that as domestic capital market has recovered its related transactions should be expedited. more... (DT)

PEPCO leaves LESCO in dark on load shedding plan

The Lahore Electric Supply Company (LESCO) has expressed strong resentment over the Pakistan Electric Power Company (PEPCO) authorities for not providing it with the proper load shedding plan against the shortfall faced by the company. more... (DT)

Political

US committed to 'honest' relationship: Clinton makes no indepth comment on PCNS demands

Secretary of State Hillary Clinton said Wednesday that the United States and Pakistan share interests in fighting terrorism after a panel in Islamabad made demands over the troubled relationship. more... (BR)

Gas pipeline: Pakistan hiring experts to study Iran sanctions

Amid fears of possible sanctions being imposed by Washington, Pakistan has decided to hire the services of international legal experts to seek opinion on effects of prospective US sanctions. more... (ET)

Contempt case: To buy time, Gilani’s counsel argues on timing

The premier’s advocate argued on timing to buy time for his client. The prime minister never said he will not follow court orders, but he cannot comply with them during the incumbent president’s tenure. more... (ET)

SC urged to decide contempt case before NRO action

Prime Minister Yousuf Raza Gilani threw the ball back to the Supreme Court on Wednesday by requesting it to first settle the contempt matter and then raise the issue of implementation of the NRO verdict. more... (D)

GCC

GCC must remove restrictions on pension funds

The unprecedented decision by Qatar's Pension and Social Insurance Authority to invest 1.6 billion Qatari riyals (Dh1.61 billion) in a real estate company marks the beginning of a new investment approach by pension funds in the Gulf Cooperation Council (GCC). more... (Gulf News)

Dubai in Top 5 financial centres

A new ranking puts Dubai among the top 5 financial centres for new office openings this year, among the likes of Singapore, Hong Kong, London and Shanghai. more... (Zawya)

UAE sees better growth in 2012

The UAE is expected to post better economic growth this year, which can climb to four per cent over 3.3 per cent in 2011, said UAE Minister of Economy Sultan bin Saeed Al Mansouri. more. (Zawya)

Egypt Plans To Raise Funds From Gulf Expatriates

Egypt plans to offer $2 billion of certificates of deposit to its citizens working in the oil-rich Persian Gulf states as part of efforts to rebuild foreign currency reserves and protect the currency, according to an official at the state-owned National Bank of Egypt. more... (Zawya)

Quote of the Day:

" I do not believe maximizing profits for the investors is the only acceptable justification for all corporate actions. The investors are not the only people who matter. Corporations can exist for purposes other than simply maximizing profits. " John Mackey





 
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
21-Mar-12
20-Mar-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
82.872
-0.02%
12.71%
12.69%
1.60
     
21-Mar-12
20-Mar-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
790.26
784.56
5.70

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.53
11.65
11.70
11.82
Offer
12.03
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
11.35
11.70
11.80
11.90
11.95
Low  
9.05
11.10
11.60
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.
11.87
11.94
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
1.03
1.98
2.28
2.37
4.19
8.39
13.15
Change bps
-2.00
-6.00
-9.00
-5.00
-9.00
-1.90
0.00

Commodities

     
21-Mar-12
22-Mar-12
change
WTI (USD/bbl)    
106.67
106.58
-0.08%
     
Brent (USD/bbl)    
124.58
123.63
-0.76%
     
Arab Light (USD/bbl)    
124.55
124.60
0.04%

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
48,384.33
48,427.19
-0.09%
Rice IRRI -6(Rs/100kg)
3,530.00
3,531.00
-0.03%
KCA Cotton (Rs/mound)
5,300.00
5,250.00
0.95%
International
Current
Previous
Change
Coal Spot(USD/ton)
104.90
105.95
-0.99%
Gold Futures(USD/oz)
1,649.20
1,652.60
-0.21%
Sugar 11 (USD/lb)
25.33
25.61
-1.09%
Steel (USD/ton)
688.02
687.34
0.10%
Wheat (CBT) (USD/bu)
636.25
642.50
-0.97%
PTA (USD/ton)
1,160.00
1,205.00
-3.73%
Copper (USD/ton)
8,488.00
8,459.00
0.34%

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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.