BasedLine

Date: 10-April-2012
KSE-100 Index
Previous Index 13,875.53
Current Index 13,864.68
Change % -0.08%
YTD (CY11) 22.18%
YTD (FY12) 10.95%
KSE-100 Index
Previous Index 23,820.54
Current Index 23,763.72
Change % -0.24%
YTD (CY11) 18.01%
YTD (FY12) 13.51%
International Indicators
 
Close
%age
BSE-30 17,222.14 -1.51
HANGSENG 20,365.11 -1.10
NIKKEI 225 9,546.26 -1.47
FTSE 5,723.67 0.35
DJIA 12,929.59 -1.00
SSEC 2,263.78 -0.96
NASDAQ 3,047.08 -1.08
 
Close
%age
TASI 7,697.70 -0.26
KSE(Kuwait) 6,120.00 -0.55
BSE 1,139.40 -0.32
MSM 5,829.33 -0.21
ADX 2,546.54 -0.45
DFM 1,657.59 -0.66
QSE 8,756.64 -0.25
Capital Market Overview

Market watch : Bourse stays close to 14,000-point mark

The stock market closed slightly lower on the first trading session of the week and with this decline, fell further away from the 14,000-point barrier.The Karachi Stock Exchange’s (KSE) benchmark 100-share index crawled down 0.08 per cent or 10.85 points to end at the 13,864.68 point level. more... (ET)

NAVs and Returns
as of April 09, 2012
Funds Offer Redemption
POGSF
10.2692/-
10.2692/-
YTD Return
10.90%
POAIIF
53.0188/-
52.4886/-
YTD Return
11.69%
POAAAF
53.16/-
51.83/-
YTD Return
2.59%
POIAAF
60.52/-
59.01/-
YTD Return
12.94%
POAF
11.24/-
YTD Return
11.64%
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
38.15
3,281
182.65
4.46
22.18%
KSE30
7.45
641
59.23
3.05
19.19%
KMI30
5.41
465
34.45
2.07
18.01%
KSE All
41.46
3,565
348.24
5.41
24.06%
April 09 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
173.29
117.82
-13.05%
OGDC
16.35
166.33
148.18
8.72%
UBL
2.00
74.06
45.32
19.63%
LUCK
1.70
123.56
38.52
74.42%
April 09 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
39.19
-67.68
-28.49
Foreign Corporates
174.36
-1,474.83
-1,300.47
Overseas Pakistani
546.87
-537.52
9.36
Grand Total
760.42
-2,080.03
-1,319.60
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
06-April-12
09-April-12
Change
Gross Buy
213.22
-21.27%
16.73
-35.23%
0.86
0.76
-11.56%
Gross Sell
-199.70
-6.74%
-19.71
40.27%
-1.97
-2.08
-5.69%
Net Buy/(Sell)
13.22
-77.22%
-2.91
-125.26%
-1.11
-1.32
-19.08%
S.C.R.A
Country
During the Period FY12TD
06-04-2012
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
-
-
15.18
-
-
-4.01
-
0.01
-0.01
Luxembourg
29.83
-
-
33.00
-
-
-28.31
-
0.40
-0.40
Switzerland
28.91
0.91
-
31.93
1.27
-
-3.38
-
-
-
UAE
7.14
0.52
-
3.79
4.46
-
-1.12
-
-
-
UK
50.44
10.42
-
130.27
0.29
3.47
-73.19
0.08
0.02
0.06
USA
155.08
-
-
235.52
-
19.06
-99.50
1.42
0.21
1.21
Total
338.33
14.53
-
519.37
8.71
29.22
-204.98
1.54
0.92
0.62
News Clippings
Economy

Import stage: Sales tax collection rose 47.6% in July-March 2011-12

Some 47.6 percent increase in sales tax collection at import stage has helped the Federal Board of Revenue (FBR) post a 24.1 percent growth in overall tax collection during July to March 2011-12 as compared with the same period of last fiscal year. more... (DT)

Revenue mobilisation: EAC advises MoF to engage with provinces

The Economic Advisory Council (EAC) advised the Ministry of Finance to engage with the representatives of provincial governments to discuss about revenue mobilisation efforts at provincial level. more... (DT)

Making a self-sufficient economy: Taxpayers’ net should be broadened: Ishrat Hussain

The taxpayers’ net should be broadened on priority basis in private and informal sectors for long-term self-sufficiency and financial sovereignty of the country. more... (DT)

Foreign investment much lower than potential

Foreign investors are of the view that socio-political environment and governance issues in Pakistan are big challenges to foreign investment, which should be five times more than the current level keeping in view the country’s potential. more... (ET)

Company & Sector Update

Engro Foods plans to invest Rs 8.7 billion in 2012

Engro Foods Limited has planned to invest Rs 8.7 billion in 2012 mainly for expansion of its various production units and sales channels in different portfolios, analysts said.he expansion plan comprises investing Rs 2 billion in the powdered milk business, whereas the rest of Rs 6.7 billion will be invested to acquire more livestock, expand dairy capacity and cold chain infrastructure development. more..(DT)

Changing platform: Banks concerned over shifting of institutional investments

Banks have started pressurising the government to reverse its decision that has allowed pension and trust funds to invest in national savings schemes (NSS) – a move aimed at preventing large investments from shifting to savings schemes from banks, which will deprive depositors of good returns. more... (ET)

Fertiliser sector expected to post losses for first quarter of 2012

A combination of gas supply issues, plant shutdowns, and cheaper imports have led to abysmal sales for nearly all of the major companies in the fertiliser sector, and most of them are expected to post losses in the first quarter of 2012, according to analysts. more... (ET)

Farmers selling wheat at lower prices in open market

Farmers have complained about the delay in the start of wheat procurement and asked the Sindh government to launch an inquiry to find out the reasons for this delay, which has forced them to sell the crop at lower prices in open market. more... (ET)

Political

Contempt of court case: Babar Awan seeks exemption from personal appearance in SC

Pakistan People’s Party (PPP) leader Babar Awan has requested the Supreme Court to exempt him from personal appearance in a contempt of court case against him.Advocate-on-Record Raja Abdul Ghafoor moved an application, saying Babar Awan had gone to India on an official visit and requested he be exempted from personal appearance until April 17. more... (DT)

China supports cooperation between Pakistan, India

A Chinese Foreign Ministry spokesman on Monday said that China supported dialogues and cooperation between Pakistan and India as both were major countries in South Asia."China is happy to see the two countries improve their relations through dialogue and cooperation for common development," said spokesman Liu Weimin. more... (DT)

Markets to close at 8pm: Uniform power hardship for all provinces


The second national energy conference decided here on Monday to introduce uniform power loadshedding across the country and to take a number of energy conservation measures. The decisions were announced by Prime Minister Yousuf Raza Gilani in the presence of chief ministers of the four provinces. more... (D)

Parties urged to decide themselves on election spending

The Supreme Court on Monday said that political parties should themselves decide about election expenditures. Hearing a petition seeking to bound political parties to limit expenditures during the general elections, the court directed the federal government to submit a reply by today (Tuesday).more... (DT)

GCC

Emirates Islamic Bank, Dubai Bank unify management

Emirates Islamic Bank and Dubai Bank, the two Islamic banking subsidiaries of Emirates NBD, have finalised the selection and appointment of the unified top management team and the establishment of a unified Executive Committee that will manage both banks. more... (Gulf Base)

Bahrain Salaries Rise 4.5 Per Cent

Salaries in Bahrain increased by 4.5 per cent last year, compared with an inflation rate of minus 0.4pc . This year salaries are expected to rise by an average of a further 4.5pc, according to a survey by Dubai-based online recruitment firm GulfTalent.com. The Gulf region continues to create jobs despite the impact of the Arab Spring in 2011, according to the firm. more... (Gulf Base)

Cement plants to review environmental impact

Dubai Cement factories face permanent closure if they fail to meet the new green measures announced by the Ministry of Environment and Water. In an advisory issued earlier this week by Dr Rashid Ahmad Bin Fahd, Minister of Environment and Water, cement companies were warned that a temporary three-month closure may be issued to the 11 existing factories in the country if facilities were found in non-compliance. more. (Gulf News)

Dubai Duty Free seeks loan to fund airport expansion

Dubai: Dubai Duty Free (DDF) said it plans to raise a $1.1 billion (Dh4.04 billion) loan to support further development at Dubai International Airport (DIA). To coordinate the loan facilities, the airport retailer said in a statement that it has mandated Citibank, London branch, Dubai Islamic Bank, Emirates NBD Capital Limited, and HSBC Bank Middle East Limited and each of their respective affiliates. more... (Gulf News)

Quote of the Day:

" Ask yourself whether the dream of heaven and greatness should be waiting for us in our graves - or whether it should be ours here and now and on this earth. " 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 23, 2012)
$16.44 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 - Mar 12) 10.4%

Money Market

 
Price
Change
09-Apr-12
06-Apr-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
84.45
0.35%
12.18%
12.29%
-10.50
     
09-Apr-12
06-Apr-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
895.30
882.77
12.54

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.50
11.67
11.74
11.84
Offer
12.00
11.92
11.99
12.34

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.50
11.70
11.75
11.75
11.90
11.95
Low  
11.30
11.55
11.65
11.65
11.75
11.85

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
91.30
120.00
1.12
145.00
24.85
1.07
0.73

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.83
11.92
11.97
Last Cut Off.
11.87
11.94
11.94
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.95
12.91
12.91
12.94
10 Y-PIB
13.27
13.22
13.21
13.20

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.97
1.74
2.06
2.16
3.90
8.71
13.22
Change bps
0.00
0.00
-1.00
0.00
-13.00
-7.60
1.00

Commodities

     
09-Apr-12
10-Apr-12
change
WTI (USD/bbl)    
102.14
102.46
0.31%
     
Brent (USD/bbl)    
122.44
122.35
-0.07%
     
Arab Light (USD/bbl)    
123.54
122.58
-0.78%

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)
434.75
428.25
1.52%
Urea Fertilizer (Rs/bag)
1,800.00
1,793.75
0.35%
Gold 24cr (Rs./10gm) Khi
48,685.00
48,514.00
0.35%
Rice IRRI -6(Rs/100kg)
3,408.00
3,487.00
-2.27%
KCA Cotton (Rs/mound)
5,500.00
5,400.00
1.85%
International
Current
Previous
Change
Coal Spot(USD/ton)
104.40
105.95
-1.46%
Gold Futures(USD/oz)
1,653.50
1,641.80
0.71%
Sugar 11 (USD/lb)
23.61
23.70
-0.38%
Steel (USD/ton)
695.40
694.92
0.07%
Wheat (CBT) (USD/bu)
643.00
638.50
0.70%
PTA (USD/ton)
1,165.00
1,170.00
-0.43%
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.