BasedLine

Date: 06-April-2012
KSE-100 Index
Previous Index 13,945.30
Current Index 13,831.47
Change % -0.82%
YTD (CY11) 21.89%
YTD (FY12) 10.69%
KSE-100 Index
Previous Index 23,800.29
Current Index 23,789.12
Change % -0.05%
YTD (CY11) 18.13%
YTD (FY12) 13.63%
International Indicators
 
Close
%age
BSE-30 17,486.02 -0.63
HANGSENG 20,593.00 -0.95
NIKKEI 225 9,767.61 -0.53
FTSE 5,723.67 0.35
DJIA 13,060.10 -0.11
SSEC 2,302.18 -0.02
NASDAQ 3,080.50 0.40
 
Close
%age
TASI 7,895.36 -0.44
KSE(Kuwait) 6,145.50 -0.21
BSE 1,141.25 -0.02
MSM 5,827.19 0.36
ADX 2,558.98 -0.19
DFM 1,686.50 -0.99
QSE 8,825.18 -0.28
Capital Market Overview

Market Watch: Investors opt to make quick profits

After the huge leap of 250 points a day earlier, investors made quick profits by selling at the inflated levels on Thursday.The Karachi Stock Exchange’s (KSE) benchmark 100-share index plummeted 0.82 per cent or 113.83 points to end at the 13,831.47 point level. more... (ET)

NAVs and Returns
as of April 05, 2012
Funds Offer Redemption
POGSF
10.2601/-
10.2601/-
YTD Return
10.95%
POAIIF
52.9712/-
52.4415/-
YTD Return
11.74%
POAAAF
52.59/-
51.28/-
YTD Return
1.50%
POIAAF
60.33/-
58.82/-
YTD Return
12.57%
POAF
11.22/-
YTD Return
11.66%
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
37.89
3,258
239.71
8.02
21.89%
KSE30
7.48
643
100.73
6.18
19.67%
KMI30
5.18
446
63.13
4.25
18.13%
KSE All
41.29
3,551
457.94
9.38
23.59%
April 05 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
174.10
117.75
-12.64%
OGDC
16.35
166.20
147.93
8.63%
UBL
2.00
77.45
45.24
25.10%
LUCK
1.70
121.95
38.45
72.15%
April 05 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
54.67
-94.70
-40.03
Foreign Corporates
1,749.17
-1,709.31
39.85
Overseas Pakistani
733.34
-692.22
41.12
Grand Total
2,537.17
-2,496.23
40.94
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
04-April-12
05-April-12
Change
Gross Buy
211.64
-19.49%
15.15
43.80%
7.55
2.54
-66.40%
Gross Sell
-195.75
-4.90%
-15.75
151.88%
-8.53
-2.50
70.75%
Net Buy/(Sell)
15.54
-73.37%
-0.59
-114.13%
-0.98
0.04
104.17%
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
-
-
-
Luxembourg
29.82
-
-
33.00
-
-
-27.91
-
-
-
Switzerland
28.89
0.91
-
31.84
1.27
-
-3.31
0.04
-
0.40
UAE
7.14
0.52
-
3.79
4.46
-
-1.12
-
-
-
UK
50.18
10.42
-
128.71
0.29
3.47
-71.89
0.03
0.37
9.91
USA
153.62
-
-
234.63
-
19.06
-100.07
0.42
0.35
0.07
Total
330.82
14.53
-
516.14
8.71
29.22
-209.25
0.50
9.58
1.18
News Clippings
Economy

Economy surpassing GDP target to register 4pc growth

Despite challenges, particularly energy crisis, the economic growth is expected to remain highest in three years at 4 percent during the current fiscal year, surpassing the Gross Domestic Product (GDP) target of 3.6 percent, Federal Minister for Finance, Dr. Abdul Hafeez Shaikh said Thursday. more... (BR)

World Bank to provide $850 million for Tarbela extension

The World Bank will provide about $850 million for the fourth Tarbela Extension Project. The project is expected to be completed in four years, and will generate an additional 1,410 megawatts (MW) of electricity. After completion of the extension project, the generation capacity of Tarbela Power Station will rise to 4,888 MW. more... (ET)

Moody’s may cut rating of top five banks

Moody’s Investors Service has placed on review for downgrade 14 financial institutions in Jordan, Lebanon, Pakistan and Ukraine, whose standalone credit assessments are currently positioned above their domicile countries’ sovereign debt ratings. more... (ET)

State influence on economy grows to 60%

The government’s influence on the economy has grown to 60% of gross domestic product (GDP) and the bureaucracy is facilitating ruling classes to further expand their hold, says Planning Commission Deputy Chairman Dr Nadeemul Haque. more... (ET)

Company & Sector Update

Sigh of relief: Govt rules out any increase in income tax on banks

The government has ruled out any increase in income tax on banks in the upcoming budget, saying such a move will single out the banking sector. At the same time, it has hinted at bringing few more politically pampered businesses in the tax net by withdrawing exemptions. more..(ET)

No more room for government subsidy on petroleum products: Dr Asim Hussain

Minister for Petroleum and Natural Resources Dr Asim Hussain on Thursday laid bare the government’s chips: There is no more cushion for subsidy on petroleum products. more... (ET)

Pakistan’s fuel oil imports rise 18 per cent

Pakistan bought more than 450,000 tonnes of fuel oil in March, its highest level this year, led by higher imports of high-sulphur grade fuel, official data showed on Thursday. Total fuel oil imports, used for power generation, climbed 70,328 tonnes to 460,688 tonnes, up around 18 per cent, figures from the Oil Companies Advisory Committee showed. more... (D)

Populist economics: Gas companies likely to surpass revenue targets

In a surprising move, gas providers have asked the regulator to decrease gas prices for consumers as they estimate to make a revenue slightly more than their requirement. After doing the maths, Sui Northern Gas Pipelines (SNGPL) reported that it is expected to make Rs280 million more than its financial projections in the upcoming financial year. more... (ET)

Political

Sensitive topics off table as Zardari visits India

President Asif Ali Zardari will on Sunday become the first Pakistani head of state since 2005 to visit arch-rival India when he makes a trip that includes lunch with Indian Prime Minister Manmohan Singh. more... (ET)

Memo commission meeting begins at IHC

The meeting of the memo commission resumes on Friday at the Islamabad High court, DawnNews reported.During the hearing, the correspondence between the foreign office in Pakistan and the Pakistan’s embassy in United States was scrutinised. more... (D)

Pakistan, US still far from deal: FO


Pakistan indicated on Thursday it was still far from reaching an agreement with the United States on how to patch up turbulent relations after a series of major crises. One day after a senior US diplomat held a further round of talks in Islamabad, Pakistan’s Foreign Ministry said both sides were still at odds over US drone strikes and NATO attacks that killed 24 Pakistani soldiers in November. more... (DT)

Zardari launches diatribe against Sharif brothers

President Asif Ali Zardari on Thursday lashed out against the Sharif brothers, terming them muhajirs (migrants) and claming that their “glitter” had been granted by him and he could it back anytime. Sources told Daily Times that the president, while talking to leaders of PPP Lahore, office-bearers, workers and allied party leaders at the Governor’s House. 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:

" After climbing a great hill, one only finds that there are many more hills to climb. "

Nelson Mandela







 
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 (Mar-12) 10.8%
   
CPI Gen. - FY12 (Jul 11- Mar 12) 10.8%
   
NFNE Core INFL - YoY (Mar 12) 10.9%
   
NFNE Core INFL -FY12(Jul 11 - Feb 12) 10.4%

Money Market

 
Price
Change
05-Apr-12
04-Apr-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
84.36
0.32%
12.21%
12.31%
-9.50
     
05-Apr-12
04-Apr-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
880.34
869.10
11.24

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.43
11.67
11.74
11.83
Offer
11.93
11.92
11.99
12.33

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
9.10
11.25
11.65
11.75
11.90
11.95
Low  
9.00
11.00
11.55
11.65
11.75
11.85

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
91.05
120.50
1.11
144.20
24.80
1.07
0.73

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.82
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
13.26
13.22
13.24
13.20

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.99
1.74
2.18
2.16
4.03
8.78
13.22
Change bps
-2.00
-5.00
-5.00
-5.00
-2.00
0.00
-2.00

Commodities

     
05-Apr-12
06-Apr-12
change
WTI (USD/bbl)    
102.18
103.31
1.11%
     
Brent (USD/bbl)    
123.04
123.43
0.32%
     
Arab Light (USD/bbl)    
122.56
123.54
0.80%

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
48,598.61
48,512.90
0.18%
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)
1,630.10
1,625.10
0.31%
Sugar 11 (USD/lb)
23.70
23.54
0.68%
Steel (USD/ton)
692.76
695.44
-0.39%
Wheat (CBT) (USD/bu)
638.50
639.25
-0.12%
PTA (USD/ton)
1,170.00
1,150.00
1.74%
Copper (USD/ton)
8,382.00
8,358.50
0.28%

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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.