BasedLine

Date: 27-March-2012
KSE-100 Index
Previous Index 13,273.29
Current Index 13,286.73
Change % 0.10%
YTD (CY11) 17.09%
YTD (FY12) 6.33%
KSE-100 Index
Previous Index 22,664.63
Current Index 22,660.05
Change % -0.02%
YTD (CY11) 12.53%
YTD (FY12) 8.23%
International Indicators
 
Close
%age
BSE-30 17,052.78 -0.80
HANGSENG 20,668.90 0.01
NIKKEI 225 10,018.24 0.10
FTSE 5,902.70 0.80
DJIA 13,241.60 1.23
SSEC 2,350.60 0.04
NASDAQ 3,122.57 1.78
 
Close
%age
TASI 7,782.85 0.31
KSE(Kuwait) 6,208.50 -0.21
BSE 1,154.16 -0.13
MSM 5,826.22 -1.52
ADX 2,577.40 -0.40
DFM 1,655.46 -0.82
QSE 8,726.50 0.25
Capital Market Overview

RECORDER REPORT: KSE close of day

After witnessing a mixed trend on Monday the KSE-100 index finally closed at 13,286.73 points, up 13.44 points on the back of late buying in some selective stocks.During the session, the index moved both sides between 13,306.03 points intra-day high and 13,234.54 points intra-day low levels. more... (BR)

NAVs and Returns
as of March 26, 2012
Funds Offer Redemption
POGSF
10.2284/-
10.2284/-
YTD Return
10.93%
POAIIF
52.8510/-
52.3225/-
YTD Return
11.87%
POAAAF
50.30/-
49.04-
YTD Return
-2.93%
POIAAF
57.50/-
56.06/-
YTD Return
7.29%
POAF
11.17/-
YTD Return
11.40%
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
36.21
3,114
153.66
2.78
17.09%
KSE30
7.10
611
49.10
1.86
13.65%
KMI30
4.94
425
28.59
1.04
12.53%
KSE All
39.66
3,411
278.01
3.71
18.62%
March 26 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
162.95
118.01
-18.24%
OGDC
16.50
164.56
149.79
7.56%
UBL
2.00
71.94
45.39
16.20%
LUCK
1.70
103.31
38.58
45.84%
March 26 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
8.41
-69.73
-61.31
Foreign Corporates
227.39
-737.10
-509.71
Overseas Pakistani
278.38
-287.67
-9.29
Grand Total
514.18
-1,094.50
-580.31
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
22-Mar-12
26-Mar-12
Change
Gross Buy
183.13
-22.74%
62.55
39.75%
0.54
0.51
-4.13%
Gross Sell
-159.27
-14.62%
-46.59
22.31%
-2.75
-1.09
60.21%
Net Buy/(Sell)
23.32
-54.84%
15.60
139.44%
-2.21
-0.58
73.79%
S.C.R.A
Country
During the Period FY12TD
22-03-2012
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
9.37
-
-
14.93
-
-
-5.55
0.59
-
0.59
Luxembourg
29.35
-
-
33.00
-
-
-27.32
0.01
0.02
-0.01
Switzerland
28.44
0.81
-
30.63
1.27
-
-2.65
0.15
0.01
0.55
UAE
7.06
0.52
-
3.79
4.46
-
-1.20
-
-
-
UK
46.34
0.16
-
122.90
0.29
3.47
-80.19
0.69
0.26
0.44
USA
150.42
-
-
229.67
-
19.06
-98.30
0.77
2.74
-1.96
Total
320.89
4.17
-
493.24
8.71
29.22
-206.64
2.36
3.02
-0.25
News Clippings
Economy

FY12 tax collection shows historic 26pc increase: Hafeez

Finance Minister Dr Abdul Hafeez Shaikh said that tax collection by Federal Board of Revenue has shown a remarkable increase of over 26 percent during 2011-12 as compared to the same period of last fiscal year. more... (BR)

Govt signs accord with WB for $150 million additional finance

The government of Pakistan signed an agreement with the World Bank (WB) amounting to $150 million as Additional Financing for Social Safety Net Project on Monday in the Economic Affairs Division (EAD). more... (DT)

Low-income people: NFLP programme by SBP, ADB to impart concepts

Nationwide Financial Literacy Programme (NFLP) aims to impart knowledge and understanding of basic financial concepts and services to low-income Pakistanis to enable better economic decisions. more... (DT)

Dollar moves up versus rupee

The dollar went up versus the rupee in the interbank market, dealers said on Monday. It commenced the day’s trading at Rs 90.81 for buying, increased 24 paisas and closed at Rs 91.05 for buying and Rs 91.35 for selling. more... (DT)

Company & Sector Update

Govt losing interest in IP gas pipeline project

There appears to be a visible decline in government interest in the Iran Pakistan (IP) gas pipeline project due to mounting pressure by the United States, according to officials privy to the deliberations related to the project. more... (BR)

Meezan Bank awarded `Best Islamic Bank in Pakistan'

Meezan Bank, Pakistan's first and largest Islamic bank, has been awarded `Best Islamic Bank in Pakistan' for 2011 by Asia Money magazine, Hong Kong. more... (BR)

Kharif season Q2CY12: Sindh, Punjab to witness 21% water shortage: IRSA

After a treacherous power mess up in the country, available water for irrigation purposes is undergoing a crisis-like situation as the Indus River System Authority (IRSA) on Monday declared 21 percent water shortage in Punjab and Sindh during the second quarter of calendar year 2012 for Kharif season. more... (DT)

Int’l Power selling its total shareholding of 17.4% in Hubco

International Power on Monday announced it has entered into two separate sets of sale and purchase agreements in connection with its holdings in Hub Power Company Ltd (Hubco) and Uch 1 assets in Pakistan. more... (DT)

Political

MQM announces day of mourning in Sindh

The Muttahida Qaumi Movement has announced a day of mourning in Sindh on Tuesday after an MQM sector member in PIB Colony was killed. more... (ET)

US to wait for Pak request for nuclear technology

The United States will wait for a request from Pakistan on its needs for nuclear technology and energy before deciding if it can accept the Pakistani demand, a US official said on Monday. more... (D)

Commission misses second deadline to complete memo probe

The memo commission missed its second deadline given by the Supreme Court to complete investigation into the controversy as former ambassador Husain Haqqani did not appear before it on Monday for cross-examination. more... (D)

Electricity crisis worsens

With hydroelectric generation at an alarmingly low level because of serious water shortage, the electricity shortfall increased on Sunday to 5,500MW, about 40 per cent of the estimated peak demand of 13,500MW, resulting in an average loadshedding of 11 hours across the country. more... (D)

GCC

Saudi nonoil exports rise 21% to SR14.39bn

Saudi Arabia's nonoil exports in January 2012 rose by 21 percent to SR14.39 billion compared to SR11.89 billion in January 2011, a report issued by the Central Department of Statistics and Information (CDSI) said. more... (Zawya)

DP World to repay $3b loan due in October six months early

Port operator DP World said yesterday that it would reach into its cash reserves to pay back $3 billion (Dh11.02 billion) outstanding under its revolving credit facility due to mature in October. The repayments will take place between April 4 and 10. more... (Gulf News)

Kingdom trade deficit up by 63%

Jordan's trade balance deficit rose by 63% in January 2012 compared to the same period of 2011 due to a rise in the value of imports and a decline in exports.Trade balance deficit is the difference between total exports and imports in a specific period of time. more. (Zawya)

GCC Corporate Profitability - FY2011

GCC corporate managed to post good financial results in FY2011. Aggregate net profit of all GCC listed stocks stood at USD52.21bn in 2011, up by 29.8 percent YoY. With exception of Oman and Kuwait, the aggregate profitability of all GCC countries increased. more... (Zawya)

Quote of the Day:

" You are surrounded by simple, obvious solutions that can dramatically increase your income, power, influence and success. The problem is, you just don't see them. " Jay Abraham





 
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
26-Mar-12
22-Mar-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
82.872
-0.02%
12.71%
12.69%
1.60
     
26-Mar-12
22-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
11.56
11.66
11.71
11.82
Offer
12.06
11.91
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
91.35
121.30
1.10
145.10
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

     
26-Mar-12
27-Mar-12
change
WTI (USD/bbl)    
106.70
106.82
0.11%
     
Brent (USD/bbl)    
124.90
125.39
0.39%
     
Arab Light (USD/bbl)    
125.39
125.90
0.41%

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
49,712.87
48,855.75
1.75%
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)
1,689.60
1,662.50
1.63%
Sugar 11 (USD/lb)
24.78
25.63
-3.32%
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.