BasedLine

Date: 11-April-2012
KSE-100 Index
Previous Index 13,864.68
Current Index 13,903.12
Change % 0.28%
YTD (CY11) 22.52%
YTD (FY12) 11.26%
KSE-100 Index
Previous Index 23,763.72
Current Index 23,827.91
Change % 0.27%
YTD (CY11) 18.32%
YTD (FY12) 13.81%
International Indicators
 
Close
%age
BSE-30 17,243.84 0.13
HANGSENG 20,356.24 -1.15
NIKKEI 225 9,538.02 -0.09
FTSE 5,595.55 2.24
DJIA 12,715.93 -1.65
SSEC 2,263.78 -0.96
NASDAQ 2,991.22 -1.83
 
Close
%age
TASI 7,551.88 -1.89
KSE(Kuwait) 6,154.50 0.09
BSE 1,134.65 0.01
MSM 5,879.28 -0.06
ADX 2,545.88 -0.04
DFM 1,677.13 -0.08
QSE 8,773.27 0.03
Capital Market Overview

Market Watch: Index edges towards 14,000 points

The stock market continued to flirt with the 14,000 points psychological barrier, but closed shy after posting modest overall gains during trading. The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.28% or 38.44 points to end at the 13,903.12 point level. more... (ET)

NAVs and Returns
as of April 10, 2012
Funds Offer Redemption
POGSF
10.2718/-
10.2718/-
YTD Return
10.90%
POAIIF
53.0308/-
52.5005/-
YTD Return
11.67%
POAAAF
53.38/-
52.05/-
YTD Return
3.03%
POIAAF
60.97/-
59.45/-
YTD Return
13.78%
POAF
11.24/-
YTD Return
11.63%
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
38.26
3,290
166.99
4.56
22.52%
KSE30
7.47
642
61.42
3.41
19.48%
KMI30
5.43
467
38.53
2.31
18.32%
KSE All
41.23
3,546
290.42
5.39
24.42%
April 10 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
173.29
117.82
-13.05%
OGDC
16.35
167.18
148.18
9.28%
UBL
2.00
75.17
45.32
21.42%
LUCK
1.70
123.61
38.52
74.49%
April 10 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
63.92
-218.82
-154.91
Foreign Corporates
1,386.80
-1,889.78
-502.98
Overseas Pakistani
804.54
-550.14
254.39
Grand Total
2,255.25
-2,658.75
-403.50
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
10-April-12
09-April-12
Change
Gross Buy
215.42
-20.46%
18.94
-26.70%
2.26
0.76
196.74%
Gross Sell
-202.30
-5.52%
-22.31
58.77%
-2.66
-2.08
-27.82%
Net Buy/(Sell)
12.83
-77.88%
-3.30
-128.61%
-0.40
-1.32
-69.43%
S.C.R.A
Country
During the Period FY12TD
09-04-2012
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
-
-
-
Luxembourg
29.87
-
-
33.00
-
-
-28.28
0.04
0.01
0.03
Switzerland
28.91
0.91
-
31.93
1.27
-
-3.38
-
-
-
UAE
7.14
0.52
-
3.88
4.46
-
-1.21
-
0.09
-0.09
UK
50.44
10.42
-
130.68
0.29
3.47
-73.60
-
0.41
-0.41
USA
156.21
-
-
238.62
-
19.06
-101.47
1.13
3.10
-1.97
Total
339.58
14.53
-
526.38
8.71
29.22
-210.73
1.25
7.01
-5.75
News Clippings
Economy

Federal development spending: Ministry proposes 17% hike, final figure to be higher

The finance ministry has proposed an increase federal development spending by 17% to Rs350 billion in the upcoming budget 2012-13, a figure likely to be raised considerably after dealing with objections raised by dozens of ministries. more... (ET)

Trade deficit surpasses $14.5bn target, hits $16bn

The country has crossed the trade deficit target of $14.5 billion set for fiscal year 2011-12 to $16 billion during nine months (July to March) of 2011-12, showing a rise of $1.5 billion owing to declining exports and increasing imports. more... (DT)

Workers remittances up by 21.45 percent to $ 9.73 billion

Workers remittances have surged by 21.45 percent to about $ 9,736 billion in the first nine months (July 2011 - March 2012) of the current fiscal year 2011-12. According to State Bank of Pakistan (SBP) here Tuesday, remittances jumped by $ 1,719.38 million when compared with $ 8,016.18 million received during the same period of the last fiscal year (July- March 2011). more... (BR)

Budget fiscal year 2013: risks kept in mind

The federal finance ministry has prepared Federal Budget 2012-13 accepting "risks to the budget" as well as "possible fiscal risks," according to budget documents. The budget for the next fiscal year projects a growth in Gross Domestic Product (GDP) at 4.5 percent, inflation at 9.5 percent and fiscal deficit at 4.2 percent. more... (BR)

Company & Sector Update

Lack of opportunities at home; PPL shifts focus to Iraq

At a time when the country desperately needs a boost in exploration activity in the face of high world oil prices, state-owned oil and gas explorer Pakistan Petroleum Limited (PPL) has shifted focus to war-torn but energy-rich Iraq where it is planning to invest $100 million in a joint venture with a Chinese firm. more..(ET)

Burj Bank to set up 50 branches in first phase

The Burj Bank Limited (BBL) in the first phase will established its 50 branches in the country. This was stated by the president and chief executive officer of BBL, Ahmed Khizar Khan, when he called on the Sindh Chief Minister, Syed Qaim Ali Shah, at the CM House. more... (BR)

No shortage of fertiliser: National Fertiliser MD

Managing Director National Fertilizer Marketing Company Limited, Tariq Shahfiq Khan has said there was no shortage of fertilizer in country and farmers were being provided fertilizer at reduced prices. more... (DT)

HSBC in talks to sell local operations

Europe’s biggest bank, HSBC, is in talks to sell its Pakistan business, the latest effort by the group to slim its global presence. HSBC said it was in talks with several unnamed companies to sell its Pakistan business, it said in a separate statement. more... (ET)

Political

President calls for expansion in trade, economic ties between Pakistan, Saudi Arabia

President Asif Ali Zardari Tuesday said that there exists huge potential of trade and economic activities between Pakistan and Saudi Arabia. He said that for tapping this enormous potential it was important that the existing mechanisms such as Joint Ministerial Commission and the Joint Business Council are fully utilized. more... (BR)

Change of Foreign Minister contradicted

Contrary to media reports, Foreign Minister Hina Rabbani Khar on Tuesday dispelled the impression that the government was considering to remove her as the country's Foreign Minister. more... (BR)

Memo saga heads in different direction


Although the anti-PPP publicists have renewed their claims about Mansoor Ijaz’s version of events about the memo saga looking very believable, the ruling party remains confident that this will be just another example of over-enthusiastic PPP haters celebrating the government’s difficulties while using the shoulder of the judiciary. more... (DT)

Capital traders reject energy conference decisions

Traders of Islamabad on Tuesday rejected decisions taken in the second National Energy Conference and threatened to launch a civil disobedience movement if the steps proposed in the conference were imposed. more... (DT)

GCC

SABB posts SR854m profit

The Saudi British Bank (SABB) recorded a net profit of SR854 million for the quarter ended March 31. This is an increase of SR103 million or 13.7 percent compared to SR751 million for the same period in 2011, and an increase of SR199 million or 30.4 percent as compared to the three months ended Dec. 31, 2011, which amounted to SR655 million. more... (Zawya)

IMF says Egypt needs to agree on new budget

The International Monetary Fund said Tuesday that Egypt's divided politicians needed to agree on a new budget before it can offer financial support for the country. more... (Zawya)

ADIB joins Dubai Duty Free’s $1.1b loan drive

Dubai: Dubai Duty Free yesterday said that Abu Dhabi Islamic Bank (SDIB) has joined the airport retailer’s drive to raise $1.1 billion (Dh4 billion) in loans to support the development at Dubai International Airport (DIA). more. (Zawya)

Sharjah to set up healthcare city

Sharjah: His Highness Dr Shaikh Sultan Bin Mohammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, issued an Emiri decree setting up Sharjah Healthcare City (SHCC) as a free medical zone authority. more... (Zawya)

Quote of the Day:

" Anyone who doesn't take truth seriously in small matters cannot be trusted in large ones either. "

Albert Einstein




 
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-Mar 12)
$-16.09bn
Curr. A/C (July 11-Feb 12)
$-2.95bn
Remittances (July 11- Mar 12)
$9.73n
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
10-Apr-12
09-Apr-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
84.39
-0.07%
12.21%
12.18%
2.30
     
10-Apr-12
09-Apr-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
918.82
895.30
23.52

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.51
11.67
11.75
11.84
Offer
12.01
11.92
12.00
12.34

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.80
11.25
11.75
11.67
11.90
11.95
Low  
11.50
11.60
11.65
11.92
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
24.90
1.06
0.73

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.82
11.92
11.99
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
13.30
13.25
13.22
13.20

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.95
1.64
2.00
2.01
3.87
8.68
13.25
Change bps
-2.00
-10.00
-6.00
-15.00
-3.00
-2.30
3.00

Commodities

     
10-Apr-12
11-Apr-12
change
WTI (USD/bbl)    
102.46
101.22
-1.21%
     
Brent (USD/bbl)    
122.35
120.10
-1.84%
     
Arab Light (USD/bbl)    
122.58
120.17
-1.88%

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
48,728.00
48,685.00
0.09%
Rice IRRI -6(Rs/100kg)
3,407.00
3,408.00
-0.03%
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)
1,655.30
1,653.50
0.11%
Sugar 11 (USD/lb)
23.16
23.61
-1.91%
Steel (USD/ton)
695.95
695.40
0.08%
Wheat (CBT) (USD/bu)
632.00
643.00
-1.71%
PTA (USD/ton)
1,165.00
1,170.00
-0.43%
Copper (USD/ton)
8,058.00
8,382.00
-3.87%

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.