BasedLine

Date: 26-March-2012
KSE-100 Index
Previous Index 13,293.12
Current Index 13,273.29
Change % -0.15%
YTD (CY11) 16.97%
YTD (FY12) 6.22%
KSE-100 Index
Previous Index 22,700.76
Current Index 22,664.63
Change % -0.16%
YTD (CY11) 12.55%
YTD (FY12) 8.26%
International Indicators
 
Close
%age
BSE-30 17,196.50 -2.30
HANGSENG 20,668.80 -1.11
NIKKEI 225 10,011.50 -1.14
FTSE 5,854.89 0.16
DJIA 13,080.70 0.27
SSEC 2,349.54 -1.10
NASDAQ 3,067.92 0.15
 
Close
%age
TASI 7,758.66 1.08
KSE(Kuwait) 6,221.50 -0.35
BSE 1,155.61 0.64
MSM 5,916.14 -0.70
ADX 2,587.67 0.75
DFM 1,669.18 0.54
QSE 8,705.15 0.60
Capital Market Overview

Weekly Review: Stock market eases in shortened week

Activity at the country’s leading stock market finally took a breather as the benchmark KSE-100 index remained range-bound and closed down by 24 points or 0.2% during the shortened trading week ended March 22. more... (ET)

NAVs and Returns
as of March 22, 2012
Funds Offer Redemption
POGSF
10.2200/-
10.2200/-
YTD Return
10.99%
POAIIF
52.8038/-
52.2758/-
YTD Return
11.93%
POAAAF
49.77/-
48.53-
YTD Return
-3.94%
POIAAF
57.52/-
56.08/-
YTD Return
7.33%
POAF
11.15/-
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
36.18
3,111
102.65
2.75
16.97%
KSE30
7.11
612
33.81
1.86
13.78%
KMI30
4.94
425
23.47
1.17
12.55%
KSE All
39.56
3,402
225.98
3.66
18.34%
March 22 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
163.09
118.01
-18.17%
OGDC
16.50
165.81
149.79
8.38%
UBL
2.00
72.00
45.39
16.30%
LUCK
1.70
103.29
38.58
45.81%
March 22 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
21.30
-60.90
-39.60
Foreign Corporates
74.77
-2,327.01
-2,252.24
Overseas Pakistani
440.28
-362.73
77.55
Grand Total
536.35
-2,750.64
-2,214.30
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
21-Mar-12
22-Mar-12
Change
Gross Buy
182.62
-19.14%
62.05
59.36%
1.36
0.54
-60.47%
Gross Sell
-158.20
-12.09%
-45.53
39.40%
-2.15
-2.75
28.08%
Net Buy/(Sell)
23.88
-49.14%
16.15
163.26%
-0.79
-2.21
180.03%
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

Customs collection: Entrepreneurs demand automated procedures

Automation of customs duty collection is the only way to ensure trade facilitation and bring the country out of its fiscal mess, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) said on Saturday. more... (ET)

FDI during July-January 2011-12: Power, other sectors witness steep decline

The Ministry of Finance has reportedly informed the Economic Coordination Committee (ECC) of the Cabinet that Foreign Direct Investment (FDI) has declined by 128 percent in the power sector and 72 percent in financial sector during July-January 2011-12 over the same period of last year, it was reliably learnt. more... (BR)

Inflow of $16.153m FIPI seen in March

The foreign investors' interest continued as a healthy inflow of $16.153 million of foreign investors' portfolio investment (FIPI) was seen on the local equity market in the current month so far. more... (BR)

Foreign exchange reserves flat at $16.39 billion

Pakistan's foreign exchange reserves were $16.39 billion in the week ended March 16, unchanged from the previous week, the central bank said on Thursday. more... (BR)

Company & Sector Update

Indian oil giants gear up for Pakistani market

With in-principle status of Most Favoured Nation (MFN) granted to India by Pakistan, Indian oil companies – such as the Hindustan Petroleum Corporation (HPCL), the Indian Oil Corporation (IOCL) and GAIL India – are gearing up to cash in on the opportunity by exporting petroleum products and gas to its energy-starved neighbour. more... (ET)

Resolving circular debt: Wapda, MoF allowed to make direct payments to PSO

Under the government policy to resolve the issue of circular debt in power sector, the Federal Board of Revenue (FBR) has allowed payments made by M/s Wapda or Ministry of Finance (MoF) directly to M/s PSO on behalf of power producers. more... (BR)

Corporate results finale: Corporate world protects profits, passes on price hikes

The cement industry used the magic wand to double its profits in 2011 as cement output remained at the same level. All-time high local cement prices and gradual improvement in export prices turned profits around, according to a BMA Capital research note. more... (ET)

Investors place Rs110bn in mutual funds

Pakistan’s mutual funds industry while continuing its upward trajectory appreciated by 5.6 per cent in February over the earlier month to Rs360 billion, from Rs342 billion a month ago. more... (D)

Political

Resumption of NATO supplies: Parliamentary approval likely to suffer long delay

A bitter blend of diplomatic obligations and domestic political considerations appears to be forcing Pakistan to delay a key decision on unplugging Nato supply routes, with the government and opposition wrangling over fresh terms of engagement with the United States. more... (ET)

Memo Commission hearing underway

The three-member judicial commission formed to probe memo controversy has resumed the hearing at Islamabad High Court (IHC) today, Geo News reported. Jammu and Kashmir Liberation Front (JKLF) Chairman Yasin Malik has also reached the court to appear before the commission. more... (N)

Injustice being done to Punjab: Shahbaz

Injustice is being committed against the people of Punjab, said Punjab Chief Minister Shahbaz Sharif while replying to a question regarding electricity load shedding in the province. more... (DT)

Four nations join hands for peace

Pakistan, Afghanistan, Iran and Tajikistan on Sunday reiterated their resolve to promote and strengthen trade and economic cooperation in the region. more... (DT)

GCC

Arab summit 2012: new leaders, new politics

This week's Arab summit in Baghdad will be very different from the one that met two years ago, with many long-time autocrats swept away by the political tsunami that has struck across the region. more... (Zawya)

Dubai Chamber hopes ratings service will attract investment

The Dubai Chamber of Commerce and Industry is urging companies to use its credit rating service in an effort to bring in more foreign investment. more... (Gulf News)

UAE-Bangladesh trade expected to exceed $1b mark this year

The volume of trade between Bangladesh and the UAE is likely to cross the $1 billion (Dh3.67 billion) mark for the financial year ending July 2012, said Nazmul Qununine, Bangladesh Ambassador to the UAE. more. (Gulf News)

Oil up near $124 over continuing supply concerns

Oil rebounded to around $124 (Dh455) a barrel yesterday after Thursday's sell-off as supply concerns underpinned prices despite reassurances from the International Energy Agency (IEA). more... (Gulf News)

Quote of the Day:

"You can't overestimate the need to plan and prepare. In most of the mistakes I've made, there has been this common theme of inadequate planning beforehand. You really can't over-prepare in business! " Chris Corrigan





 
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- Feb 12)
$8.59bn
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
22-Mar-12
21-Mar-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
82.872
-0.02%
12.71%
12.69%
1.60
     
22-Mar-12
21-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
11.28
11.63
11.71
11.82
Offer
11.78
11.88
11.96
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
91.20
121.00
1.10
145.00
24.90
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

     
22-Mar-12
26-Mar-12
change
WTI (USD/bbl)    
106.58
106.70
0.11%
     
Brent (USD/bbl)    
123.63
124.90
1.03%
     
Arab Light (USD/bbl)    
124.60
125.39
0.63%

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
48,855.75
48,384.33
0.97%
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)
1,662.50
1,649.20
0.81%
Sugar 11 (USD/lb)
25.63
25.33
1.18%
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.