BasedLine

Date: 04-April-2012
KSE-100 Index
Previous Index 13,663.32
Current Index 13,691.08
Change % 0.20%
YTD (CY11) 20.65%
YTD (FY12) 9.56%
KSE-100 Index
Previous Index 23,433.16
Current Index 23,442.85
Change % 0.04%
YTD (CY11) 16.41%
YTD (FY12) 11.97%
International Indicators
 
Close
%age
BSE-30 17,597.40 0.68
HANGSENG 20,791.00 1.31
NIKKEI 225 10,050.40 -0.59
FTSE 5,838.34 -0.62
DJIA 13,199.50 -0.49
SSEC 2,262.79 0.47
NASDAQ 3,113.57 -0.20
 
Close
%age
TASI 7,930.58 0.28
KSE(Kuwait) 6,179.20 -0.16
BSE 1,150.24 -0.06
MSM 5,792.53 0.26
ADX 2,563.57 0.14
DFM 1,693.67 2.37
QSE 8,852.87 -0.16
Capital Market Overview

Market watch: Bourse ends higher in mixed session

The stock market closed marginally higher on Tuesday after oscillating in both directions during the trading session.The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.2 per cent or 27.76 points to end at the 13,691.08 point level.Market moved in both directions. more... (ET)

NAVs and Returns
as of April 03, 2012
Funds Offer Redemption
POGSF
10.2526/-
10.2526/-
YTD Return
10.93%
POAIIF
52.9472/-
52.4177/-
YTD Return
11.76%
POAAAF
51.89/-
50.59/-
YTD Return
0.14%
POIAAF
59.57/-
58.08/-
YTD Return
11.16%
POAF
11.22/-
YTD Return
11.68%
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
37.68
3,241
198.77
5.85
20.65%
KSE30
7.40
637
81.93
3.87
18.44%
KMI30
5.11
439
41.67
2.17
16.41%
KSE All
40.84
3,512
318.14
6.75
22.23%
March 30 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
173.78
117.75
-12.80%
OGDC
16.35
164.08
148.10
7.25%
UBL
2.00
75.22
45.29
21.50%
LUCK
1.70
114.35
38.50
61.42%
April 02 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
27.38
-62.61
-35.23
Foreign Corporates
964.99
-1,391.30
-428.31
Overseas Pakistani
1,600.31
-575.99
1,024.32
Grand Total
2,592.68
-2,031.90
560.78
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
02-April-12
03-April-12
Change
Gross Buy
201.78
-21.84%
5.29
-99.16%
2.82
2.59
-8.06%
Gross Sell
-184.97
-9.14%
-4.98
-99.38%
-3.06
-2.03
33.60%
Net Buy/(Sell)
16.44
-70.56%
-0.31
-100.17%
-0.24
0.56
333.66%
S.C.R.A
Country
During the Period FY12TD
02-04-2012
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
10.85
-
-
15.17
-
-
-4.32
0.66
0.24
0.42
Luxembourg
29.82
-
-
33.00
-
-
-27.91
0.02
0.64
-0.61
Switzerland
28.85
0.81
-
30.99
1.27
-
-2.60
0.39
-
0.39
UAE
7.14
0.52
-
3.79
4.46
-
-1.12
-
-
-
UK
48.09
0.16
-
126.98
0.29
3.47
-82.52
0.93
1.20
-0.27
USA
153.20
-
-
233.44
-
19.06
-99.29
2.36
1.47
0.89
Total
327.94
4.17
-
503.42
8.71
29.22
-209.77
4.37
3.55
0.82
News Clippings
Economy

Industry assured of govt support in Indian trade

“Some 70% Pakistani industries would face stiff competition in the beginning of [liberalised] trade with India, but it will benefit local industries in long run,” Ministry of Industries Joint Secretary Shaista Sohail said on Tuesday. “The rest of the 30% industries of country could compete with any other country, as they would not face any serious problems,” she added. more... (ET)

Regulatory framework for modaraba sector strengthened

The joint session of the parliament has unanimously approved the 2009 Modaraba Companies and Modaraba (Floatation and Control) Ordinance, (Amendment) Bill. The bill seeks to empower the Securities and Exchange Commission of Pakistan (SECP) to make regulations and issue circulars, code and guidelines so as to strengthen regulatory framework for the modaraba sector and to enable the SECP to safeguard the interest of stakeholders in a more proactive and effective manner. more... (DT)

1,000MW clean energy to be produced in a year

The government has said that it is gearing up efforts to add about 1,000 megawatts of clean and cheaper electricity to the national grid within a year.This is part of government’s drive to change its energy fuel mix and focus on hydro, wind, coal and solar power generation in order to produce cheaper electricity. more... (ET)

More trade: India may cut sensitive import list by 30%

India’s Commerce and Industry Ministry plans to shorten its sensitive list of imports from Pakistan by up to 30% soon.India’s sensitive list of Pakistani imports has 878 items, mostly textiles and chemicals products, which attract high import duties. “We may knock off some 263 items from our sensitive list,” a senior official of the Department of Commerce told The Indian Express on Tuesday. more... (ET)

Company & Sector Update

Textile sector: Massive misuse of revised ST zero-rating regime unearthed

Directorate General of Intelligence and Investigation Inland Revenue (IR) Federal Board of Revenue (FBR) has unearthed massive misuse of the revised sales tax zero-rating regime by textile sector and launched country-wide investigation drive to identify textile units involved in large scale sales tax evasion by using SRO 1125(1)/2011 and SRO.283(1)/2011 instead of paying lower rate of sales tax. more..(BR)

Cotton production hits all-time high level of 14.67m bales

The country’s cotton production reached an all-time high level of 14.67 million bales of cotton on March 31, 2012, around one-and-a-half month ahead of the end of the crop season 2011-12, by breaking the previous high record of 14.31 million bales in 2004-05. more... (DT)

HUBCO delays dividend as FBR freezes accounts

Hub Power Company (Hubco) has announced to delay dividend payment of Rs3 per share announced earlier as company accounts have been frozen by the Federal Board of Revenue (FBR). more... (ET)

Regulatory victory: CCP breaks cartel after Siemens admits to collusion

The anti-trust watchdog finally won a big one. The Competition Commission of Pakistan has managed to bust a cartel of power distribution equipment suppliers involved in price-fixing and quota distribution on Rs45 billion worth of public sector contracts after the biggest player – Siemens Pakistan – admitted guilt and asked for leniency. more... (ET)

Political

President criticises judiciary and rulers of Lahore

Addressing the 33rd anniversary function of the Pakistan Peoples Party founder Zulfiqar Ali Bhutto on Wednesday, President Asif Ali Zardari said that history needs to be corrected, DawnNews reported. President Zardari said he wanted to do a lot more for the country but it was difficult to progress until the correction of history. more... (D)

PM will not write letter to Swiss Authorities: Ahsan

Barrister Aitzaz Ahsan on Zulfikar Ali Bhutto’s death anniversary has said that he had consulted with the Indian intellectuals and had confirmed that President Asif Ali Zardari has international immunity, DawnNews reported. more... (D)

Coalition Support Fund: Alternatives for refund of war on terror bills


While political forces wrestle over terms of reengagement with the United States, Islamabad and Washington have covered some ground, through backdoor channels, to resolve the issue of reimbursement of outstanding military expenses. more... (ET)

Staking claim: PML-Likeminded threatens to spoil unanimity

Already busy assuaging the Pakistan Muslim League-Nawaz (PML-N), the government has another parliamentary group threatening to sabotage the much sought after unanimity in the review of ties with the US. more... (ET)

GCC

Egypt likely to cut banks' reserve ratio another 2% to free up EGP10bn

The Central Bank of Egypt is expected to reduce lenders' required reserve ratio (RRR) by another 2% this year to add liquidity of about EGP 10 billion (USD 1.6 billion) to the system and enable banks to lend more to growing business sectors as well as subscribe to Treasury bills and sovereign bonds, a high-placed source said. more... (Zawya)

$1bn Islamic bank in Doha

KHARTOUM: A tripartite agreement has been signed here yesterday to establish a large Islamic bank in Doha with a capital of $1 billion. Sudan President Omar Al-Bashir attended the signing by Qatar Islamic Bank, Islamic Development Bank and Dallah Albaraka Group. more... (Zawya)

UAE among world's top 20 happiest nations

The UAE is among the world's top 20 happiest countries in the world, according to the UN's survey released on Tuesday.Ranked 17th globally, the results showed that the UAE residents are more satisfied than people in UK, France, Spain, Italy, Germany, Singapore, Japan, Saudi Arabia, Qatar and Hong Kong among others. more. (Zawya)

Indians biggest first-time buyers of Dubai property in 2011

"The Indians topped the list of new investors in Dubai properties and conducted 927 transactions worth Dh2.1 billion. This represents 16 per cent of the overall value of transactions carried out by new investors," the department said in a statement. more... (Zawya)

Quote of the Day:

" Being the richest man in the cemetery doesn't matter to me. Going to bed at night saying we've done something wonderful, that's what matters to me."

Steve Jobs






 
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
03-Apr-12
02-Apr-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
84.05
0.23%
12.32%
12.38%
-5.90
     
03-Apr-12
02-Apr-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
860.48
856.42
4.06

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.46
11.65
11.73
11.82
Offer
11.96
11.90
11.98
12.32

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
10.75
11.25
11.80
11.75
11.90
11.95
Low  
9.25
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
91.20
121.00
1.11
145.50
24.85
1.10
0.74

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.81
11.90
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
1.04
1.80
2.28
2.17
4.08
8.77
13.24
Change bps
2.00
0.00
10.00
-5.00
1.00
20.10
0.00

Commodities

     
03-Apr-12
04-Apr-12
change
WTI (USD/bbl)    
104.93
103.68
-1.19%
     
Brent (USD/bbl)    
125.07
124.68
-0.31%
     
Arab Light (USD/bbl)    
124.65
125.59
0.75%

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
49,500.00
49,414.00
0.17%
Rice IRRI -6(Rs/100kg)
3,489.00
3,566.00
-2.16%
KCA Cotton (Rs/mound)
5,400.00
5,300.00
1.89%
International
Current
Previous
Change
Coal Spot(USD/ton)
104.40
105.95
-1.46%
Gold Futures(USD/oz)
1,644.80
1,681.10
-2.16%
Sugar 11 (USD/lb)
23.46
23.78
-1.35%
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%

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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.