BasedLine

Date: 02-April-2012
KSE-100 Index
Previous Index 13,559.10
Current Index 13,761.76
Change % 1.49%
YTD (CY11) 21.27%
YTD (FY12) 10.13%
KSE-100 Index
Previous Index 23,189.41
Current Index 23,571.97
Change % 1.65%
YTD (CY11) 17.05%
YTD (FY12) 12.59%
International Indicators
 
Close
%age
BSE-30 17,404.20 2.03
HANGSENG 20,555.60 -0.26
NIKKEI 225 10,083.60 -0.31
FTSE 5,768.45 0.46
DJIA 13,212.00 0.50
SSEC 2,262.79 0.47
NASDAQ 3,091.57 -0.12
 
Close
%age
TASI 7,907.41 0.92
KSE(Kuwait) 6,164.10 -0.01
BSE 1,152.45 0.18
MSM 5,721.83 0.56
ADX 2,567.98 0.59
DFM 1,661.67 0.78
QSE 8,851.78 0.69
Capital Market Overview

Weekly review: Bourse surges upwards despite many concerns

The announcement of the delay in the implementation of the revised Capital Gains Tax regime had little bearing on the market as the KSE-100 index marched forward 488 points or 3.7% during the week ended March 30.The index’s gain resulted in it closing at the 13,761 points level, levels last seen in May 2008. more... (ET)

NAVs and Returns
as of March 30, 2012
Funds Offer Redemption
POGSF
10.2414/-
10.2414/-
YTD Return
10.94%
POAIIF
52.8989/-
52.3699/-
YTD Return
11.81%
POAAAF
51.97/-
50.67/-
YTD Return
0.30%
POIAAF
59.27/-
57.79/-
YTD Return
10.60%
POAF
11.19/-
YTD Return
11.48%
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
37.48
3,223
223.11
6.28
21.27%
KSE30
7.44
640
80.29
5.00
19.01%
KMI30
5.13
442
46.76
3.27
17.05%
KSE All
41.04
3,529
413.94
7.62
22.82%
March 30 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
175.44
118.01
-11.97%
OGDC
16.50
167.66
149.79
9.59%
UBL
2.00
76.68
45.39
23.86%
LUCK
1.70
113.45
38.58
60.15%
March 30 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
24.80
-58.45
-33.65
Foreign Corporates
1,502.08
-10,969.51
-9,467.43
Overseas Pakistani
1,275.88
-954.52
321.36
Grand Total
2,802.76
-11,982.49
-9,179.72
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
29-Mar-12
30-Mar-12
Change
Gross Buy
196.49
-21.36%
75.91
25.25%
6.85
2.80
-59.08%
Gross Sell
-179.99
-9.40%
-67.31
-28.84%
-4.42
-11.98
170.95%
Net Buy/(Sell)
16.13
-69.20%
8.41
2.87%
2.43
-9.18
-478.21%
S.C.R.A
Country
During the Period FY12TD
29-03-2012
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
9.43
-
-
14.93
-
-
-5.49
-
-
-
Luxembourg
29.66
-
-
33.00
-
-
-27.17
0.31
-
0.31
Switzerland
28.44
0.81
-
30.66
1.27
-
-2.68
-
-
-
UAE
7.14
0.52
-
3.79
4.46
-
-1.12
0.08
-
0.08
UK
46.55
0.16
-
124.63
0.29
3.47
-81.70
0.21
0.89
-0.68
USA
150.75
-
-
231.45
-
19.06
-99.76
0.15
0.10
0.05
Total
321.87
4.17
-
497.22
8.71
29.22
-209.64
0.75
1.26
-0.51
News Clippings
Economy

Managing micro-equity: The economics of numbers and poverty

Paradoxical though it may seem, there are huge business opportunities in countries with large numbers of poor people. The opportunities for businesses to profit are even more lucrative when such populations happen to live in clusters. All modern emerging markets (China, India, Brazil and Indonesia) have risen from a base level where large segments of their populations were living in poverty. more... (ET)

Economic aspect of making new provinces

Measuring and evaluating the effects of a policy is a complex and challenging task. Public policies have to be designed to accomplish certain goals in pursuit of national ideology and long-term benefits for the nation. This task becomes complicated when the governments are faced with uncertain economic climate and there is no reliable data to underpin policies that can ascertain regional growth. more... (ET)

Precarious law and order in Karachi: FBR still collects Rs1,270bn

Despite a massive revenue loss of over and above Rs 25 billion due to law and order situation in Karachi, the Federal Board of Revenue (FBR) has managed to collect Rs 1270 billion during July-March (2011-2012) against Rs 1020 billion in the corresponding period last fiscal, reflecting a handsome growth of 25 percent. more... (BR)

Rs144bn released for PSDP in nine months

The government has released about Rs144 billion for the Public Sector Development Programme (PSDP) during the first nine months (July-March) of the current financial year, accounting for 48 per cent of the total annual allocation of Rs300 billion. more... (D)

Company & Sector Update

Gilani seeks Chinese investment in steel, hydropower sectors

Prime Minister Syed Yousuf Raza Gilani on Sunday invited the investment by Chinese financial sector in Pakistan in fields of steel, hydropower and thermal energy and sought cooperation in the country's banking sector. In a meeting with Chairman of China International Capital Corporation (CICC), Li Jiange, the Prime Minister said Pakistan also welcomed Chinese investment in its mega projects like hydropower dams and infrastructure projects. more... (BR)

Stocks see best Q1 after six years

The Pakistan equity market posted stellar gains of 2,414 points of 21 per cent in the first quarter (January-March) of the current calendar year.It represented the best first quarter performance in six long years, bringing cheer to the market and fortunes to the investors in stocks. more... (D)

PBIT offer to investors

Punjab offers lucrative investment opportunities to prospective local and foreign investors for making higher contribution towards country’s GDP and exports. more... (D)

Suzuki car prices raised

Pak Suzuki Motor Company Limited (PSMCL) has raised the car prices by Rs10,000 to maximum 110,000 on various models from April 1, 2012. Chairman All Pakistan Motor Dealers Association (APMDA) H.M. Shahzad said: “The car assemblers are raising the prices of automobiles due to losing value of the rupee against the yen. This shows that they have failed to achieve the parts localisation targets.” more... (D)

Political

Boao forum for Asia: Gilani says China’s enemy is our enemy

Pakistan and China moved in lockstep a notch higher than their “time-tested” and “all-weather” friendship status on Sunday when Prime Minister Yousaf Raza Gilani declared that “China’s enemy is our enemy”. more... (ET)

Soaring oil prices: Amidst outcry, allies, opposition censure govt

As Saturday’s massive increase in fuel prices triggered calls for a countrywide strike from transporters and traders, the Pakistan Peoples Party’s government came under scathing criticism from the opposition and allies alike. more... (ET)

Zardari to make day-long trip to India on April 8

President Asif Ali Zardari is tentatively scheduled to make a day-long trip to India in a purely private capacity on April 8, officials disclosed on Sunday, a move that many interpret as part of a bid by the two nuclear-armed rivals to maintain progress made on the warming bilateral relationship. more... (The News)

Govt not serious about resolving Balochistan’s issues: Nawaz

PML-N President Nawaz Sharif has said the PPP government is not serious about resolving the problems of the people of Balochistan. Talking to PML-N Balochistan leader Abdul Sattar Mandokhel who called on him in Raiwand Sunday, Nawaz said the confidence of the Baloch people could not be restored till missing persons were recovered and the killers of Akbar Bugti arrested and put on trial. more... (The News)

GCC

Saudi Arabia likely to reduce oil usage

Saudi Arabia is likely to burn less crude in its power plants this summer thanks to rising output from dedicated gas fields and gas that would be associated with any increase in oil output to make up for lower Iranian production. more... (D)

Cost of living in Abu Dhabi rises

The cost of living in Abu Dhabi rose by almost two per cent in 2011, pushed up by rising prices of food and drink, government data revealed yesterday. The Statistics Centre of Abu Dhabi (SCAD) said that Abu Dhabi’s Consumer Price Index (CPI) rose from 119.3 points in 2010 to 121.6 points in 2011, a 1.9 per cent increase in prices for an average basket of goods and services. more... (Zawya)

Gulf carriers have mixed results

Airlines in the Middle East delivered a combined annual profit of approximately $1 billion (Dh3.67 billion) in 2011, according to estimates by the International Air Transport Association (IATA). more. (Zawya)

Iraq working on Strait of Hormuz tension

Iraq is "working very hard" with Washington and Tehran to reduce tensions over Iran's threat to close the Strait of Hormuz, a key global oil chokepoint, Baghdad's top energy official said on Sunday. more... (Zawya)

Quote of the Day:

" An intellectual is someone whose mind watches itself."

Albert Camus






 
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
30-Mar-12
29-Mar-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
83.824
0.15%
13.39%
12.42%
-3.50
     
30-Mar-12
29-Mar-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
845.87
856.33
-10.46

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.55
11.66
11.72
11.83
Offer
12.05
11.91
11.97
12.33

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  
11.50
11.80
11.65
11.65
11.75
11.85

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
91.15
121.70
1.10
145.30
24.90
1.10
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
1.79
2.24
2.20
4.13
8.57
13.24
Change bps
1.00
-2.00
7.00
0.00
15.00
6.90
0.00

Commodities

     
30-Mar-12
02-Apr-12
change
WTI (USD/bbl)    
103.36
103.23
-0.13%
     
Brent (USD/bbl)    
122.71
123.18
0.38%
     
Arab Light (USD/bbl)    
121.59
121.84
0.21%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
108.16
103.46
4.54%
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)
1,793.75
1,788.75
0.28%
Gold 24cr (Rs./10gm) Khi
49,370.02
49,061.46
0.63%
Rice IRRI -6(Rs/100kg)
3,495.00
3,445.00
1.45%
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)
1,668.35
1,680.77
-0.74%
Sugar 11 (USD/lb)
23.82
24.60
-3.17%
Steel (USD/ton)
695.44
691.93
0.51%
Wheat (CBT) (USD/bu)
660.75
639.75
3.28%
PTA (USD/ton)
1,150.00
1,160.00
-0.86%
Copper (USD/ton)
8,474.50
8,563.50
-1.04%

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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.