BasedLine

Date: 03-April-2012
KSE-100 Index
Previous Index 13,761.76
Current Index 13,663.32
Change % -0.72%
YTD (CY11) 20.41%
YTD (FY12) 9.34%
KSE-100 Index
Previous Index 23,571.97
Current Index 23,433.16
Change % -0.59%
YTD (CY11) 16.36%
YTD (FY12) 11.93%
International Indicators
 
Close
%age
BSE-30 17,478.20 0.42
HANGSENG 20,552.30 -0.16
NIKKEI 225 10,109.90 0.26
FTSE 5,874.89 1.85
DJIA 13,264.50 0.40
SSEC 2,262.79 0.47
NASDAQ 3,119.70 0.91
 
Close
%age
TASI 7,908.30 0.01
KSE(Kuwait) 6,189.00 0.40
BSE 1,150.92 -0.13
MSM 5,777.29 0.97
ADX 2,559.87 -0.32
DFM 1,654.39 -0.44
QSE 8,866.81 0.71
Capital Market Overview

Market Watch: Stock market loses upward momentum

After gaining 4% last week, the stock market lost momentum on Monday as investors opted to book profits.The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.72 per cent or 98.44 points to end at the 13,663.32 point level. more... (ET)

NAVs and Returns
as of April 03, 2012
Funds Offer Redemption
POGSF
10.2495/-
10.2495/-
YTD Return
10.93%
POAIIF
52.9347/-
52.4054/-
YTD Return
11.77%
POAAAF
51.84/-
50.54/-
YTD Return
0.04%
POIAAF
59.47/-
57.98/-
YTD Return
10.97%
POAF
11.21/-
YTD Return
11.69%
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
37.61
3,234
147.84
4.73
20.41%
KSE30
7.39
635
64.40
3.60
18.14%
KMI30
5.10
439
35.08
2.31
16.36%
KSE All
40.76
3,505
315.37
5.73
21.99%
March 30 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
175.17
118.01
-12.11%
OGDC
16.50
164.54
149.79
7.55%
UBL
2.00
75.18
45.39
21.43%
LUCK
1.70
113.04
38.58
59.57%
March 30 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
28.80
-59.59
-30.79
Foreign Corporates
2,266.67
-2,579.70
-313.03
Overseas Pakistani
525.17
-420.16
105.00
Grand Total
2,820.64
-3,059.45
-238.81
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
30-Mar-12
02-April-12
Change
Gross Buy
199.24
-21.94%
2.76
-61.19%
2.80
2.82
0.74%
Gross Sell
-182.98
-9.36%
-2.99
-2.53%
-11.98
-3.06
-74.46%
Net Buy/(Sell)
15.90
-70.88%
-0.23
-105.78%
-9.18
-0.24
-97.40%
S.C.R.A
Country
During the Period FY12TD
30-03-2012
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
10.19
-
-
14.93
-
-
-4.74
0.69
-
0.69
Luxembourg
29.79
-
-
33.00
-
-
-27.30
0.12
0.19
-0.07
Switzerland
28.46
0.81
-
30.99
1.27
-
-2.99
-
0.33
-0.33
UAE
7.14
0.52
-
3.79
4.46
-
-1.12
-
-
-
UK
47.16
0.16
-
125.78
0.29
3.47
-82.25
0.21
0.63
-0.43
USA
150.83
-
-
231.97
-
19.06
-100.19
0.04
0.43
-0.38
Total
323.57
4.17
-
499.87
8.71
29.22
-210.59
1.06
1.98
-0.92
News Clippings
Economy

CPI increased by 1.17% in March

The consumer price index (CPI) during the month of March 2012 has registered an increase of 1.17 percent as compared to the previous month February of the current financial year. The monthly inflation witnessed an increase of 10.79 percent as compared to the corresponding month of last year, said the data of Pakistan Bureau of Statistics (PBS) on Monday. more... (DT)

Hefty corporate tax drags down regional competitiveness

The Institute of Chartered Accountants of Pakistan (ICAP) has asked the Federal Board of Revenue (FBR) to reduce corporate tax rate from existing 35% to 25%-28% to give Pakistani companies a competitive edge in the region and encourage corporatisation. more... (ET)

The Ides of March: Violence, rioting cost Rs26b in lost revenues to FBR

The national exchequer was set back by Rs26 billion in March, as turmoil and agitation in two of the country’s largest cities took a toll on the government’s efforts in salvaging the country’s fast deteriorating fiscal balance. more... (BR)

Govt ready to support SMEs: Pervaiz Elahi

Senior Federal Minister Industries and Defence Production Chaudhry Pervaiz Elahi on Monday said the government would extend its support to SMEs for economic prosperity in the country. more... (D)

Company & Sector Update

Sufficient stock of urea available for Kharif season

The stock of urea is sufficient for Kharif season in the country, which will help to prevent the shortage and price hike in the country.“As much as 300,000 metric tonnes of urea are more than the demand 3,200,000 metric tonnes of the urea for the Kharif season,” an official in the National Fertilizer Development Center (NFDC) said on Monday.
more..(DT)

Credibility gap: Engro may pull out of $3b coal mining project

Having been bitten once by the government’s failure to keep its promises, Engro Corporation seems unwilling to let itself be sucked in once again.The company’s subsidiary Engro Powergen is considering pulling out of its joint venture with the Sindh government for a $3 billion coal mining and power generation project. more... (ET)

Exploration: Oil and gas production grows

Oil and gas production levels have recovered strongly in 2012 following commencement of new wells and better performance from existing production assets.Oil production grew 4.6% whereas gas production was up by 4.7% during January to March on a yearly basis, according to PPIS production data up till March 20. more... (D)

Indus Motor pulls the plug on Coure

After assembling Coure for 11 years, Indus Motor Company (IMC) last week pulled the plug on the only non-Suzuki car in the lower segment. “We have shut down Daihatsu Coure’s assembly plant,” said IMC CEO Parvez Ghias, on the sidelines of a research launched at NED University on Monday. “Coure had lived its life. The product life cycle had come to an end.” more... (ET)

Political

NAB freezes assets, puts prominent figures on ECL

The National Accountability Bureau (NAB), has frozen the assets of 19 individuals accused in the Rental Power Projects case and placed on the Exit Control List (ECL) a number of prominent figures. more... (D)

Pakistani official voices support for Iran's peaceful Nuclear-program

Deputy Speaker of Pakistan's National Assembly strongly condemned western opposition against Iran's peaceful nuclear program terming it baseless.Talking to IRNA, Faisal Karim Kundi said that exerting pressure on Iran's peaceful nuclear program is unjustified. more... (BR)

Govt in no hurry to open Nato routes: PM

Prime Minister Yousuf Raza Gilani has said his government is in no hurry to reopen Nato supply routes and a decision to that effect will be taken only after evolving a consensus at the Parliamentary Committee on National Security. more... (D)

Karachi violence: ‘Zero tolerance’ against extortionists, says Zardari

Not forgetting the rhetoric of ‘zero tolerance’ for extortion and other street crimes, President Asif Ali Zardari on Monday called for the use of the latest technology to combat violence and innovative ways to raise funds for this purpose. more... (ET)

GCC

Burgan Bank wins ‘Best Banking Group in MENA 2012' award

Burgan Bank Group announced yesterday that it has received the prestigious “Best Banking Group in MENA 2012? award by Global Banking & Finance Review, one of the world’s leading global banking and finance online publications. more... (Gulf Base)

Saudi cabinet approves law to curb money laundering

The Council of Ministers yesterday approved the law for combating money laundering, which will also be applied to fight funding terrorism and terror organizations. The Cabinet meeting, which was chaired by Custodian of the Two Holy Mosques King Abdullah, also approved the establishment of Makkah Techno Valley as a Saudi joint stock company. more... (Zawya)

Dubai commodities bourse plans trading platform for copper futures

The Dubai Multi Commodities Centre (DMCC) is planning to launch a copper futures trading platform on the the Dubai Gold and Commodities Exchange (DGCX) in the “near future,” said Ahmad Bin Sulayem, DGCX’s chairman and head of DMCC. more. (Zawya)

Tadawul turnover reaches SR14.5bn

The Tadawul All-Share Index (TASI) dived in the south earlier on Monday, traveled sideways in the red territory for most of the session and finally crossed the breakeven line to close in the green at 7,908.3 points level, which was roughly where it started the day. more... (Zawya)

Quote of the Day:

" A creative man is motivated by the desire to achieve, not by the desire to beat others."

Ayn Rand






 
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
02-Apr-12
30-Mar-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
83.85
0.03%
12.38%
13.39%
-0.60
     
02-Apr-12
30-Mar-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
856.42
845.87
10.55

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.55
11.67
11.73
11.95
Offer
12.05
11.92
11.98
11.85

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.70
11.25
11.80
11.75
11.90
11.95
Low  
9.50
11.00
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
11.96
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
13.28
13.24
13.24
13.20

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.02
1.80
2.18
2.22
4.07
8.57
13.24
Change bps
1.00
1.00
-0.81
2.00
-6.00
0.00
0.00

Commodities

     
02-Apr-12
03-Apr-12
change
WTI (USD/bbl)    
103.23
104.93
1.65%
     
Brent (USD/bbl)    
123.18
125.07
1.53%
     
Arab Light (USD/bbl)    
121.84
124.65
2.31%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
108.16
103.46
4.54%
Furnace Oil (Rs/ton)
84,408.56
83,023.52
1.67%
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
49,712.87
49,370.02
0.69%
Rice IRRI -6(Rs/100kg)
3,566.00
3,495.00
2.03%
KCA Cotton (Rs/mound)
5,300.00
5,250.00
0.95%
International
Current
Previous
Change
Coal Spot(USD/ton)
104.40
105.95
-1.46%
Gold Futures(USD/oz)
1,681.10
1,668.35
0.62%
Sugar 11 (USD/lb)
23.78
23.82
-0.17%
Steel (USD/ton)
695.44
691.93
0.51%
Wheat (CBT) (USD/bu)
657.00
660.75
-0.57%
PTA (USD/ton)
1,170.00
1,150.00
1.74%
Copper (USD/ton)
8,674.50
8,474.50
2.36%

Kindly Click here for PDF Version

(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.