BasedLine

Date: 28-March-2012
KSE-100 Index
Previous Index 13,286.73
Current Index 13,449.73
Change % 1.23%
YTD (CY11) 18.52%
YTD (FY12) 7.63%
KSE-100 Index
Previous Index 22,660.05
Current Index 22,883.93
Change % 0.99%
YTD (CY11) 13.64%
YTD (FY12) 9.30%
International Indicators
 
Close
%age
BSE-30 17,257.40 1.20
HANGSENG 21,046.90 1.83
NIKKEI 225 10,225.20 2.36
FTSE 5,869.55 -0.56
DJIA 13,197.70 -0.33
SSEC 2,347.18 -0.14
NASDAQ 3,120.35 -0.07
 
Close
%age
TASI 7,767.33 -0.20
KSE(Kuwait) 6,186.70 -0.35
BSE 1,152.42 -0.15
MSM 5,794.58 -0.54
ADX 2,574.57 -0.11
DFM 1,652.44 -0.18
QSE 8,772.96 0.53
Capital Market Overview

Market Watch: Bourse rallies despite business shut-down in Karachi

The bourse seemed keen to shrug off its recent lethargy on Tuesday, registering a sharp rise in an all-round rally despite reports of violence and shut-down of business in the country’s financial hub.The Karachi Stock Exchange’s (KSE) benchmark 100-share index rose 1.23% or 163.00 points to end at the 13,449.73 point level. more... (ET)

NAVs and Returns
as of March 27, 2012
Funds Offer Redemption
POGSF
10.2315/-
10.2315/-
YTD Return
10.93%
POAIIF
52.8630/-
52.3344/-
YTD Return
11.85%
POAAAF
50.90/-
49.63-
YTD Return
-1.76%
POIAAF
57.81/-
56.36/-
YTD Return
7.87%
POAF
11.17/-
YTD Return
11.39%
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
36.64
3,151
165.99
4.33
18.52%
KSE30
7.21
620
76.35
3.53
15.32%
KMI30
4.99
429
43.71
2.23
13.64%
KSE All
40.16
3,454
352.78
5.48
20.17%
March 27 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
167.45
118.01
-15.98%
OGDC
16.50
166.76
149.79
9.00%
UBL
2.00
75.40
45.39
21.79%
LUCK
1.70
106.32
38.58
50.08%
March 27 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
15.28
-45.09
-29.81
Foreign Corporates
809.58
-865.31
-55.72
Overseas Pakistani
653.32
-693.97
-40.65
Grand Total
1,478.19
-1,604.37
-126.18
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
26-Mar-12
27-Mar-12
Change
Gross Buy
184.57
-22.13%
63.99
30.91%
0.51
1.48
187.48%
Gross Sell
-160.84
-13.78%
-48.16
10.25%
-1.09
-1.60
-46.58%
Net Buy/(Sell)
23.20
-55.07%
15.48
204.74%
-0.58
-0.13
78.26%
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

Energy crisis: Sovereign credit rating on the line

The government’s inability to pay its electricity bills on time may once again put the nation’s credit rating in jeopardy as the independent power producing company have threatened to invoke their sovereign guarantees if the state-owned Central Power Purchasing Agency fails to clear its dues. more... (ET)

IMF shows concern over fragile global economy

Recent improvements in the global economy are “very fragile” and an escalation of the eurozone crisis remains the most immediate concern, IMF deputy managing director Naoyuki Shinohara said on Tuesday. more... (D)

Trade, industry paralysed

Industrial production suffered and trading activities remained paralysed throughout the day here on Tuesday after the murder of two activists early in the morning. more... (D)

SBC for promotion of Pak-Swiss bilateral trade

The Swiss Business Council (SBC) would help Lahore Chamber of Commerce and Industry (LCCI) for the promotion of bilateral trade and economic relations between Pakistan and Switzerland. President Swiss Business Council Dr Ahmad Fraz at LCCI on Tuesday said the very objective of the Council was to develop, facilitate and monitor the trade and business relationship between Pakistan and Switzerland. more... (DT)

Company & Sector Update

Bouncing back: After record profits, Bank of Khyber set to continue expansion

Having just completed its best year ever, the Bank of Khyber will continue the rapid expansion of its branch network, with 16 new branches slated to be opened in the year 2012, said CEO Bilal Mustafa. more... (ET)

Stock exchanges: Parliament approves demutualisation law

joint session of parliament on Tuesday approved the Stock Exchanges (Corporatisation, Demutualisation and Integration) Law – a landmark achievement which was long awaited since the passing of the bill by the National Assembly in October 2009. more... (ET)

Second consecutive month: Fauji Fertilizer Bin Qasim production at a standstill

Fauji Fertilizer Bin Qasim (FFBL) failed to produce a single bag of urea – the highest selling fertiliser – for the second consecutive month in February as continuous winter gas shutdown haunted the plant. more... (ET)

Textile industry mulling replacing CPPs with solar energy

Textile industry is thinking seriously of opting for replacing Captive Power Plants (CPPs) with solar energy and feasibilities are under consideration to invest in near future.Reliable sources said power generation through solar is bit expensive comparing with gas but still it is feasible against thermal generation. more... (ET)

Political

Chaos and uncertainty: Industrial activity comes to a halt as fear grips city

Commercial and industrial activity virtually came to a halt on Tuesday as violence and fear enveloped the city following the killing of an activist of the Muttahida Quami Movement early in the morning. more... (ET)

Power outages: PML-N gives govt 48 hours to resolve crisis

Though meant to debate foreign policy recommendations by a parliamentary panel, Monday’s resumption of the joint session of Parliament was dominated by the return of the power crisis across the country. more... (ET)

Obama meets PM Gilani, vow to work for 'stable' Afghanistan

US President Barack Obama met Prime Minister Yousuf Raza Gilani on Tuesday. The two men met on the sidelines of a nuclear security summit in South Korea. more... (BR)

Pakistan rejected US offer of concessions on drone attacks

In a bid to save the CIA’s drone campaign against al Qaeda in Pakistan, US officials offered key concessions to Pakistan’s spy chief that included advance notice and limits on the types of targets. more... (DT)

GCC

Abu Dhabi may acquire 33% of RBS

The UK government has discussed selling some of its shares in Royal Bank of Scotland (RBS) to an Abu Dhabi sovereign wealth fund as the authorities continue to look for ways to cut the state's stake in the lender. more... (Gulf News)

BMW recalls nearly 6,900 cars in UAE

BMW is recalling nearly 6,900 5- and 6-Series cars in the UAE manufactured between 2003 and 2010 to correct a defect with the battery cable cover located in the trunk. more... (Gulf News)

Middle East told to plug itself into Asia

Just exporting oil and other lucrative raw materials to resource hungry Asian economies won't be enough to drive the growth the region needs, Dubai International Financial Centre chief economist Nasser Saidi warned yesterday at an infrastructure conference in Dubai. more. (Zawya)

Saudi Kayan Says Starts Trial Ops At Amines Plant In Jubail

The project has a capacity to produce 100,000 tons of ethanol amines per year as well as 40,000 tons of ethoxylates annually, it said in a statement posted on the Saudi bourse website.more... (Zawya)

Quote of the Day:

" Without the strength to endure the crisis, one will not see the opportunity within. It is within the process of endurance that opportunity reveals itself. " Chin-Ning Chu





 
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
27-Mar-12
26-Mar-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
83.696
-0.04%
12.42%
12.40%
1.60
     
27-Mar-12
26-Mar-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
837.78
824.87
12.91

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.57
11.65
11.72
11.82
Offer
12.07
11.90
11.97
12.32

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
11.75
11.90
11.95
Low  
11.90
11.75
11.65
11.65
11.75
11.85

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
91.30
121.40
1.10
145.20
24.90
1.16
0.74

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.82
11.92
11.98
Last Cut Off.
11.87
11.94
11.94
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
13.00
12.95
12.95
12.94
10 Y-PIB
13.30
13.24
13.25
13.20

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.01
1.89
2.19
2.26
4.09
8.51
13.24
Change bps
-1.00
-6.00
-6.00
-7.00
-8.00
3.10
-1.00

Commodities

     
27-Mar-12
28-Mar-12
change
WTI (USD/bbl)    
106.82
106.76
-0.06%
     
Brent (USD/bbl)    
125.39
124.88
-0.41%
     
Arab Light (USD/bbl)    
125.90
125.01
-0.71%

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)
428.25
425.88
0.56%
Urea Fertilizer (Rs/bag)
1,788.75
1,795.83
-0.39%
Gold 24cr (Rs./10gm) Khi
49,541.44
49,712.87
-0.34%
Rice IRRI -6(Rs/100kg)
3,577.00
3,600.00
-0.64%
KCA Cotton (Rs/mound)
5,300.00
5,250.00
0.95%
International
Current
Previous
Change
Coal Spot(USD/ton)
104.40
104.90
-0.48%
Gold Futures(USD/oz)
1,682.20
1,689.60
-0.44%
Sugar 11 (USD/lb)
24.30
24.78
-1.94%
Steel (USD/ton)
691.93
689.94
0.29%
Wheat (CBT) (USD/bu)
639.75
659.50
-2.99%
PTA (USD/ton)
1,150.00
1,160.00
-0.86%
Copper (USD/ton)
8,563.50
8,573.50
-0.12%

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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.