BasedLine

Date: 05-April-2012
KSE-100 Index
Previous Index 13,691.08
Current Index 13,945.30
Change % 1.86%
YTD (CY11) 22.89%
YTD (FY12) 11.60%
KSE-100 Index
Previous Index 23,442.85
Current Index 23,800.29
Change % 1.52%
YTD (CY11) 18.19%
YTD (FY12) 13.68%
International Indicators
 
Close
%age
BSE-30 17,486.02 -0.63
HANGSENG 20,790.98 1.31
NIKKEI 225 9,819.99 -2.29
FTSE 5,703.77 -2.30
DJIA 13,074.75 -0.95
SSEC 2,262.79 0.47
NASDAQ 3,068.09 -1.46
 
Close
%age
TASI 7,895.36 -0.44
KSE(Kuwait) 6,185.60 -0.33
BSE 1,141.47 -0.76
MSM 5,806.18 0.24
ADX 2,563.77 0.01
DFM 1,703.30 0.57
QSE 8,849.58 -0.04
Capital Market Overview

Market Watch: Bourse surges; nears 14,000 point level

The stock market surged on Wednesday to close near the 14,000-point level amid speculations that presidential order on changes in capital gains tax will be issued next week.The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 1.86 per cent or 254.22 points to end at the 13,945.30 point level. more... (ET)

NAVs and Returns
as of April 04, 2012
Funds Offer Redemption
POGSF
10.2576/-
10.2576/-
YTD Return
10.96%
POAIIF
52.9592/-
52.4296/-
YTD Return
11.75%
POAAAF
52.80/-
51.48/-
YTD Return
1.90%
POIAAF
59.95/-
58.45/-
YTD Return
11.87%
POAF
11.22/-
YTD Return
11.67%
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
38.38
3,301
234.57
7.97
22.89%
KSE30
7.54
648
128.14
6.47
20.57%
KMI30
5.18
446
78.02
4.07
18.19%
KSE All
41.51
3,570
409.30
9.22
24.48%
April 03 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
176.59
117.75
-11.39%
OGDC
16.35
168.07
148.10
9.86%
UBL
2.00
77.28
45.29
24.83%
LUCK
1.70
116.59
38.50
64.58%
April 03 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
36.73
-109.69
-72.96
Foreign Corporates
6,677.55
-7,694.67
-1,017.12
Overseas Pakistani
837.52
-729.22
108.30
Grand Total
7,551.80
-8,533.58
-981.78
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
03-April-12
04-April-12
Change
Gross Buy
209.16
-18.98%
12.67
78.38%
2.59
7.55
191.27%
Gross Sell
-193.31
-5.05%
-13.32
334.07%
-2.03
-8.53
319.98%
Net Buy/(Sell)
15.50
-72.24%
-0.63
-115.98%
0.56
-0.98
-275.07%
S.C.R.A
Country
During the Period FY12TD
03-04-2012
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
11.17
-
-
15.17
-
-
-4.00
0.32
-
0.32
Luxembourg
29.82
-
-
33.00
-
-
-27.91
-
0.01
-0.01
Switzerland
28.85
0.91
-
31.84
1.27
-
-3.36
-
0.85
-0.75
UAE
7.14
0.52
-
3.79
4.46
-
-1.12
-
-
-
UK
50.15
0.16
-
128.33
0.29
3.47
-81.81
2.06
1.35
0.71
USA
153.20
-
-
234.28
-
19.06
-100.14
-
0.85
-0.85
Total
330.32
4.27
-
506.56
8.71
29.22
-210.44
2.38
3.14
-0.66
News Clippings
Economy

GITR 2012: WEF ranks Pakistan at 102; drops 14 points

Pakistan has lost its footing in the Global Information Technology Report (GITR) 2012 of the World Economic Forum (WEF) by 14 points to 102 points. This was revealed in the latest rankings of GITR 2012: Living in a Hyper connected World, released by the WEF on Wednesday. more... (DT)

Exports decline of 24% overshadows highest-ever local sales

Exports that provided cushion to the cement manufacturers against unutilised capacities continued their downward trend in March 2012 by falling 23.72 percent as compared to last year, defeating the commendable increase of 14.8 percent in domestic sales that crossed 2.5 million tonnes. more... (DT)

Spot rate remains firm at cotton market.

Trading remained range-bound with strong physical prices and firm spot rate at the Karachi cotton market, traders at the Karachi Cotton Association (KCA) said on Wednesday. more... (DT)

Rs1tr borrowing for budgetary support

The State Bank reported on Wednesday that government’s budgetary support borrowing for the first time touched the mark of Rs1 trillion, which is half of the entire targeted budget revenue for the current fiscal year.more... (D)

Company & Sector Update

Decline in cement exports offsets record local sales

Exports – that once provided a cushion to cement manufacturers against under-utilised capacity – continued their downward trend in March 2012. Compared to last year, the export of cement declined by 23.72% in March; offsetting a significant 14.8% increase in domestic sales. more..(ET)

Domestic gas output to fall by 30pc, demand to rise by 70pc

Pakistan’s entire production of natural gas, in the next 10 years, is likely to fall by 30 per cent while demand is expected to rise by almost 70 percent, reaching 8.5 billion cubic feet per day. If this trend persists the country would run out of gas in less than 20 years, knowledgeable sources told Business Recorder here on Wednesday. more... (BR)

Footwear exports witness upward trend in eight months

Exports of footwear increased by 1.96 percent during the first eight months of the current fiscal year as against the same period of last year. According to data released by Pakistan Bureau of Statistics (PBS), the footwear exports were recorded at $69.655 million during July-February (2011-12) against the production of $68.319 million during July-February (2010-11). more... (BR)

Construction sector: Security issues deter investment

Foreign investors are showing interest in the construction sector of Pakistan, but security issues have deterred many companies from investing in the country, said Saleem Kassim Patel, Chairman Sindh-Balochistan Region of Association of Builders and Developers of Pakistan (ABAD). more... (ET)

Political

NATO supplies, military bills: Pakistan, US agree on new framework

While parliament squabbles over the contours of a future relationship with the United States, Islamabad and Washington have agreed to revisit two key issues: Nato supplies and military reimbursements. more... (ET)

Senior US diplomat arrives today

Senior US diplomat Thomas Nides is expected to arrive here on Wednesday for continuing talks on reengagement as parliament struggles to firm up new terms for bilateral cooperation. more... (D)

Govt urged to implement ‘five dam plan’


The economic growth of Pakistan is not possible without resolving water and energy crisis and implementation on the ‘five dam plan’ is inevitable for the survival of Pakistan. These thoughts were shared by experts of economics, water and agricultural during a brainstorming session at TECH Society Club. more... (DT)

MQM-H for eliminating no-go areas

Muhajir Qaumi Movement-Haqiqi (MQM-H) Vice Chairman Shamshad Ghori has said that the Chief Justice of Pakistan should give strict orders to the concerned quarters for eliminating no-go areas, weapons besides restoring peace in the metropolis. more... (DT)

GCC

QNB Group net profit rises 17.4% to 2bn Qatari riyals

QNB Group has announced its financial results for the three months ended March 31, 2012. The group recorded a net profit of QR2.0 billion, up by 17.4 percent compared to the same period last year.more... (Zawya)

.Arab market cap soars $95bn in Q1

Arab stock markets gained nearly $95 billion in the first quarter of 2012 after plummeting by nearly $107 billion in 2011 because of the political unrest sweeping the region, according to official data. more... (Zawya)

Prius sales rise as companies grow smaller

Detroit Toyota Motor Corp.'s Prius hybrid was the third best-selling US car line last month, helping Asian automakers post a 10 per cent sales increase amid improving consumer demand for new vehicles. more. (Gulf News)

Monthly contracts surge 141% at DGCX

Dubai Volumes on the Dubai Gold and Commodities Exchange (DGCX) in March surged 141 per cent from the previous year to 550,735 contracts, the highest ever monthly volumes achieved. more... (Gulf News)

Quote of the Day:

" If we are going to carry on growing, and we will, because no country is going to forfeit its right to economic growth, we have to find a way of doing it sustainably. " Tony Blair






 
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
04-Apr-12
03-Apr-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
84.09
0.05%
12.31%
12.32%
-1.40
     
04-Apr-12
03-Apr-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
869.10
860.48
8.62

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.42
11.66
11.73
11.83
Offer
11.92
11.91
11.98
12.33

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
9.50
11.00
11.60
11.75
11.90
11.95
Low  
9.10
10.50
11.55
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
1.07
0.73

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.84
11.90
11.96
Last Cut Off.
11.87
11.94
11.94
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.96
12.92
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
1.01
1.79
2.23
2.21
4.05
8.78
13.24
Change bps
-3.00
-1.00
-5.00
4.00
-3.00
0.80
0.00

Commodities

     
04-Apr-12
05-Apr-12
change
WTI (USD/bbl)    
103.68
102.18
-1.45%
     
Brent (USD/bbl)    
124.68
123.04
-1.32%
     
Arab Light (USD/bbl)    
125.59
122.56
-2.41%

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
48,512.90
49,500.00
-1.06%
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)
1,625.10
1,644.80
-1.20%
Sugar 11 (USD/lb)
23.54
23.46
0.34%
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.