BasedLine

Date: 12-April-2012
KSE-100 Index
Previous Index 13,903.12
Current Index 13,816.96
Change % -0.62%
YTD (CY11) 21.76%
YTD (FY12) 10.57%
KSE-100 Index
Previous Index 23,827.91
Current Index 23,713.00
Change % -0.48%
YTD (CY11) 17.75%
YTD (FY12) 13.26%
International Indicators
 
Close
%age
BSE-30 17,199.40 -0.26
HANGSENG 20,140.67 -1.06
NIKKEI 225 9,458.74 -0.83
FTSE 5,634.74 0.70
DJIA 12,805.39 0.70
SSEC 2,318.16 0.40
NASDAQ 3,016.46 0.84
 
Close
%age
TASI 7,573.28 0.28
KSE(Kuwait) 6,164.30 0.25
BSE 1,133.60 -0.09
MSM 5,906.70 0.40
ADX 2,532.03 -0.58
DFM 1,672.01 -0.38
QSE 8,760.05 -0.13
Capital Market Overview

Market Watch: Bulls stumble as finance ministry remains tight-lipped

The stock exchange closed red on Wednesday, as investors grew restless and chose to book profits after failing to obtain any official signal related to a relaxation on the Capital Gains Tax (CGT) regime. The Karachi Stock Exchange’s (KSE) benchmark 100-share index lost 0.62% or 86.16 points to end at the 13,816.96 point level. more... (ET)

NAVs and Returns
as of April 11, 2012
Funds Offer Redemption
POGSF
10.2742/-
10.2742/-
YTD Return
10.89%
POAIIF
53.0427/-
52.5123/-
YTD Return
11.66%
POAAAF
53.59/-
52.25/-
YTD Return
3.42%
POIAAF
61.06/-
59.53/-
YTD Return
13.93%
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
37.95
3,263
262.13
7.39
21.76%
KSE30
7.41
637
88.95
5.47
18.52%
KMI30
5.39
464
54.49
3.81
17.75%
KSE All
41.19
3,542
511.29
9.09
23.80%
April 11 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
172.08
117.82
-13.66%
OGDC
16.35
164.63
148.18
7.61%
UBL
2.00
75.63
45.32
22.16%
LUCK
1.70
124.34
38.52
75.52%
April 11 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
51.05
-169.23
-118.17
Foreign Corporates
1,408.78
-2,730.23
-1,321.46
Overseas Pakistani
1,152.42
-1,179.11
-26.69
Grand Total
2,612.26
-4,078.58
-1,466.32
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
10-April-12
11-April-12
Change
Gross Buy
217.98
-19.97%
21.49
-16.82%
2.26
2.61
15.83%
Gross Sell
-206.29
-4.28%
-26.30
87.13%
-2.66
-4.08
-53.40%
Net Buy/(Sell)
11.43
-80.35%
-4.70
-140.77%
-0.40
-1.47
-263.40%
S.C.R.A
Country
During the Period FY12TD
10-04-2012
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
-
-
-28.32
-
0.04
-0.04
Switzerland
28.91
0.91
-
31.99
1.27
-
-3.45
-
0.07
-0.07
UAE
7.14
0.52
-
3.88
4.46
-
-1.21
-
-
-
UK
50.44
10.42
-
131.00
0.29
3.47
-73.93
-
0.32
-0.32
USA
156.21
-
-
239.74
-
19.06
-102.59
-
1.12
-1.12
Total
339.58
14.53
-
528.22
8.71
29.22
-212.57
-
1.84
-1.84
News Clippings
Economy

SBP revises fee on funds transfers

The State Bank of Pakistan has revised the fee on funds transfers and remittances under the Remittance Facility to banks, said a circular issued on Wednesday. more... (D)

Ministry seeks approval for $100m PPL investment in Iraq

Despite the fact that investment of Pakistan Petroleum Limited (PPL) has got stuck in Yemen due to poor law and order situation, the Ministry of Petroleum and Natural Resources has sought the approval of the Economic Coordination Committee (ECC) for an investment of $100 million by the company in war-torn Iraq in a joint venture with a Chinese firm. more... (ET)

MSCI index includes 10 Pakistani stocks

After much demand from global investors, MSCI Inc has announced the launch a new index, the MSCI Frontier Markets 100 Index, with ten Pakistani stocks making the list. The index is highly linked to the broader MSCI Frontier Markets Index, but is composed of just 100 of its largest constituents. more... (ET)

FBR urged to refund ST claims

The Lahore Chamber of Commerce and Industry on Wednesday demanded of the Federal Board of Revenue (FBR) to expedite refund of stuck-up sales tax and income tax claims. In a statement issued on Wednesday, LCCI President Irfan Qaiser Sheikh said: “The FBR is killing the most productive sectors by denying exporters and manufacturers their right of refund of sales tax and income tax.” more... (D)

Company & Sector Update

Local car sale jumps 15pc

Sales of locally assembled cars reportedly surged by 15.25 per cent to 112,721 units in July-March 2011-2012 from 97,804 units in the same period of last fiscal year. Uncertain economic and political conditions, law and order, high car fuel prices (petrol, diesel and CNG) and rising import of used cars did not affect the sale of locally assembled cars so far. more..(D)

Urea import to cause a dent of $282m

The Ministry of Industries is planning to import 600,000 tons of urea at a price of $470 per ton which will cause a dent of $282 million to the national exchequer.The import plan is contrary to an estimate of the National Fertiliser Development Centre (NFDC) which believes that the country does not need to import urea, say industry people. more... (ET)

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)

Banks asked to boost farm financing

Banks must adopt agricultural financing as a viable business activity for development of the agriculture sector in Pakistan, State Bank of Pakistan (SBP) Executive Director Muhammad Ashraf Khan said on Wednesday. more... (D)

Political

Indo-Pak private sectors to keep pace with political development

Pakistan and India are making headway to improve bilateral relations on political fronts while the private sector is geared up to practically demonstrate its potential to unleash the economic potential. more... (DT)

'PM sought proposals from coalition partners to make budget pro-people'

Information Minister Dr Firdous Ashiq Awan on Wednesday said that Prime Minister Syed Yusuf Raza Gilani has urged all the coalition partners to come up with their proposals to make the upcoming budget pro-people, as the government's budget strategy would be discussed at a special sitting of the Cabinet next week. more... (BR)

President administers oath to Senator Naek as Federal Minister

President Asif Ali Zardari on Wednesday administered oath to Senator Farooq H Naek as Federal Minister at a ceremony held at the Aiwan-e-Sadr. Prime Minister Syed Yusuf Raza Gilani, federal ministers and senior officials were present during the ceremony. more... (BR)

PM gives status of minister to Ambassador Sherry Rehman

Prime Minister Yousaf Raza Gilani on Wednesday conferred the status of federal minister on Ambassador of Pakistan to the USA Sherry Rehman. The Cabinet Division issued the notification in this regard on Wednesday. more... (DT)

GCC

Banks urged to lend to small, medium businesses

UAE Central Bank Governor Sultan Bin Nasser Al Suwaidi yesterday urged banks to boost lending to small and medium enterprises (SMEs) as they create new job opportunities and are catalysts for growth in the economy. more... (Zawya)

UAE’s oil income to soar high

The UAE’s hydrocarbon export earnings are expected to climb to their highest ever level of more than $122 billion in 2012 because of high production and prices, said the IMF. IMF expects country’s output at 2.6 mbpd and crude prices at record $122 billion. more... (Gulf Base)

High oil prices to fuel Saudi economic growth to 4.7%

Saudi Arabia’s economy is likely to grow to 4.7 percent from the 2.9 percent forecast earlier mainly driven by the high oil prices and elevated oil output, Standard Chartered Bank in its latest forecast. more. (Gulf Base)

Abu Dhabi Inflation at 0.9 Percent in Q1 2012

Abu Dhabi (SCAD) issued today its periodic report on the consumer price index (CPI) and the inflation rate in the Emirate of Abu Dhabi for the month of March and the first quarter of 2012. The report analyzes the CPI calculations for the periods under review, with the year 2007 fixed as the base year. It also details CPI results by welfare levels and types of households. more... (Gulf Base)

Quote of the Day:

" Democracy cannot succeed unless those who express their choice are prepared to choose wisely. The real safeguard of democracy, therefore, is education." Franklin D. Roosevelt

 
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
11-Apr-12
10-Apr-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
84.38
-0.02%
12.22%
12.21%
1.50
     
11-Apr-12
10-Apr-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
917.23
918.82
-1.60

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.54
11.68
11.75
11.85
Offer
12.04
11.93
12.00
12.35

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

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.81
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
13.25
13.21
13.25
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

     
11-Apr-12
12-Apr-12
change
WTI (USD/bbl)    
101.22
102.69
1.45%
     
Brent (USD/bbl)    
120.10
120.19
0.07%
     
Arab Light (USD/bbl)    
120.27
120.00
-0.22%

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
49,114.00
48,728.00
0.79%
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)
1,659.60
1,655.30
0.26%
Sugar 11 (USD/lb)
23.22
23.16
0.26%
Steel (USD/ton)
696.27
695.95
0.05%
Wheat (CBT) (USD/bu)
633.00
632.00
0.24%
PTA (USD/ton)
1,165.00
1,170.00
-0.43%
Copper (USD/ton)
8,077.00
8,058.00
0.24%

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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.