BasedLine

Date: 13-April-2012
KSE-100 Index
Previous Index 13,816.96
Current Index 13,693.74
Change % -0.89%
YTD (CY11) 20.67%
YTD (FY12) 9.58%
KSE-100 Index
Previous Index 23,713.00
Current Index 23,408.38
Change % -1.28%
YTD (CY11) 16.24%
YTD (FY12) 11.81%
International Indicators
 
Close
%age
BSE-30 17,332.62 0.77
HANGSENG 20,327.32 0.93
NIKKEI 225 9,524.79 0.70
FTSE 5,710.46 1.34
DJIA 12,986.58 1.41
SSEC 2,355.14 0.79
NASDAQ 3,055.55 1.30
 
Close
%age
TASI 7,573.28 0.28
KSE(Kuwait) 6,188.90 0.40
BSE 1,136.25 0.23
MSM 5,981.14 1.26
ADX 2,523.10 -0.35
DFM 1,678.74 0.40
QSE 8,785.17 0.29
Capital Market Overview

Market Watch: Bull run subsides as CGT amnesty nowhere in sight

Disappointed of the unyielding stance of the finance ministry on news regarding the Capital Gains Tax (CGT) amnesty, investors opted to book profits on Thursday – in continuation with a downward trend in the market triggered first on Wednesday. The Karachi Stock Exchange’s benchmark 100-share index fell 0.89% or 123.22 points to end at the 13,693.74 point level. more... (ET)

NAVs and Returns
as of April 12, 2012
Funds Offer Redemption
POGSF
10.2749/-
10.2749/-
YTD Return
10.85%
POAIIF
53.0548/-
52.5243/-
YTD Return
11.65%
POAAAF
51.64/-
50.35/-
YTD Return
-0.34%
POIAAF
60.01/-
58.51/-
YTD Return
11.98%
POAF
11.25/-
YTD Return
11.62%
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
37.60
3,234
195.57
6.15
20.67%
KSE30
7.33
630
76.14
4.55
17.21%
KMI30
5.33
458
52.06
3.34
16.24%
KSE All
40.79
3,508
340.51
7.07
22.60%
April 12 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
171.22
117.82
-14.09%
OGDC
16.35
163.31
148.18
6.75%
UBL
2.00
76.05
45.32
22.84%
LUCK
1.70
120.48
38.52
70.07%
April 12 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
44.48
-11.51
32.97
Foreign Corporates
2,269.56
-1,259.21
1,010.34
Overseas Pakistani
963.54
-756.48
207.06
Grand Total
3,277.57
-2,027.20
1,250.37
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
11-April-12
12-April-12
Change
Gross Buy
221.18
-19.26%
24.69
-21.54%
2.61
3.28
25.58%
Gross Sell
-208.27
-5.22%
-28.28
81.97%
-4.08
-2.03
50.31%
Net Buy/(Sell)
12.63
-77.24%
-3.50
-122.49%
-1.47
1.25
185.06%
S.C.R.A
Country
During the Period FY12TD
11-04-2012
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
-
-
15.23
-
-
-4.06
-
0.05
-0.05
Luxembourg
29.87
-
-
33.00
-
-
-28.32
-
-
-
Switzerland
28.91
0.91
-
31.12
1.27
-
-3.58
-
0.13
-0.13
UAE
7.14
0.52
-
3.88
4.46
-
-1.21
-
-
-
UK
50.44
10.42
-
131.11
0.29
3.47
-74.04
-
0.11
-0.11
USA
156.28
-
-
241.04
-
19.06
-103.81
0.07
1.29
-1.22
Total
339.66
14.53
-
529.81
8.71
29.22
-214.08
0.07
1.59
-1.22
News Clippings
Economy

Forex reserves improve to $ 16.522 billion

Pakistan's liquid foreign reserves have improved by $ 17 million to about $ 16,552 billion on April 6, 2012. According to State Bank of Pakistan (SBP) here Thursday, foreign reserves held by SBP improved to $ 11,865 billion, while net foreign reserves held by banks dropped to $ 4.657 billion. more... (BR)

SBP seen keeping policy rate flat at 12pc

All 13 analysts polled by Reuters expect the State Bank of Pakistan (SBP) to leave its key policy unchanged at 12 percent for the subsequent two months when it meets on Friday to announce its monetary policy. more... (BR)

World trade growth to slow this year

Economic shocks like the eurozone debt crisis are behind an expected slowdown in global trade growth to 3.7 per cent this year, from 5.0 per cent in 2011, the World Trade Organisation said Thursday. more... (D)

Pakistan may seek duty-free textile exports to India

Pakistan is likely to ask for allowing duty-free exports of its textiles and apparel items to India, during a meeting of commerce ministers of both countries on Thursday. more... (D)

Company & Sector Update

Former OGDC head likely to take over OGRA

Former Oil and Gas Development Company Managing Director Naeem Malik is leading the race to become the new chairman of the Oil and Gas Regulatory Authority (Ogra), according to officials. more..(ET)

PIA wins Euromoney Award

Pakistan International Airline’s $100 million syndicated transaction has won the Euromoney Air Finance Journal’s Asia Deal of the Year. The facility was arranged by Abu Dhabi Islamic Bank, Al Hilal Bank, Citibank NA and United Bank Limited as Mandated Lead Arrangers and Joint Book-runners. more... (D)

‘Increase in tobacco tax may hurt its export’

The ‘silver lining’ in the country’s bleak economic condition seems to be the most highly taxed agriculture product - tobacco - which has shown an amazing almost 300 percent increase in exports over the last two years. more... (DT)

Electricity: Govt enhances consumption limit of subsidised consumers

The government has raised the bar for the maximum amount of electricity that can be consumed by the lowest slab of ‘life-line’ consumers. The ‘life-line’ consumption limit has been increased from 50 to 100 units per month in an effort to provide relief to power consumers. more... (ET)

Political

Revisiting foreign policy: US ready to talk – but end to drone strikes unlikely

The United States is ready to discuss the new framework for relations with Pakistan, said American officials after Parliament unanimously approved new guidelines on relations with the United States on Thursday in a key step towards repairing troubled ties. more... (ET)

High-profile reshuffle: Irfan Qadir appointed new attorney general

In a show of defiance, the government on Thursday appointed Irfan Qadir, well known for his belligerent attitude towards the incumbent judiciary, as the attorney general. At the same time, chief legal officer and former Provisional Constitution Order (PCO) judge Yasmeen Abbasi has been appointed the new law secretary in his place. more... (ET)

Illegal Entry: 144 deported from Greece, UK return home

More than a hundred deportees from Greece and the United Kingdom arrived at Islamabad airport by special flights on Thursday. A majority of them were deported for illegal entry into Greece while those deported from UK had stayed beyond their visa limit, officials said. more... (ET)

No Saudi pressure on Iran gas pipeline: FO

Briefing media representatives on Thursday, Foreign Office spokesman Abdul Basit said there was no pressure from Saudi Arabia on Iran-Pakistan gas pipeline. The spokesman said Pakistan had very good relations with Saudi Arabia and Iran and there were no difficulties regarding ties with the two countries. more... (DT)

GCC

Bahrain, Japan agree to boost political, defence cooperation

Bahrain and Japan marked 40 years of diplomatic relations by renewing pledges of cooperation and signing agreements to boost political and defence cooperation. "We are here today to convey the greetings of your friends in Bahrain and to celebrate together 40 years of diplomatic relations," King Hamad Bin Eisa Al Khalifa said in Tokyo at the start of a historic visit. more... (Gulf News)

Dubai Holding arm confident of debt repayment goal

Dubai International Capital, or DIC, the private equity arm of Dubai Holding, is confident that it will pay off its $2.5 billion pile of restructured debt in five years, its chief executive said, seeking to reassure investors. more... (Gulf Base)

Price checks stepped up to protect consumers

More Sharing ServicesShare | Share on printShare on facebookShare on twitterShare on emailThe Ministry of Commerce and Industry has formulated a plan to check any rises in commodity prices and is closely monitoring the markets to end any monopoly of goods, Minister Tawfiq Al-Rabiah has said. more. (Gulf Base)

Qatar National Bank Buys 49% Stake In Private Libyan Lender

DOHA, Qatar (Zawya Dow Jones)-- Qatar National Bank ( QNB .QA), the country's largest lender by market value, said Thursday it bought a 49% stake in a private Libyan lender for an undisclosed sum. In a statement, QNB said it would acquire 49% of the Bank of Commerce and Development in Libya--a move it said would give it exposure to a fast-growing market in the North African country. more... (Zawya)

Quote of the Day:

" Success or failure in business is caused more by the mental attitude even than by mental capacities."

Walter Scott

 
Economic Highlights
Economic Indicators
GDP Growth FY12E
3.60%
GDP -2011
$180 bn
Per Capita Income FY11
$1,254
Population
178.09mn
US$ Reserves (Apr 06, 2012)
$16.52 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
12-Apr-12
11-Apr-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
84.31
-0.08%
12.25%
12.22%
2.70
     
12-Apr-12
11-Apr-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
909.75
917.23
-7.48

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.55
11.68
11.75
11.85
Offer
12.05
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  
11.90
11.50
11.70
11.75
11.90
11.95
Low  
10.50
11.25
11.60
11.65
11.75
11.85

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
91.30
120.50
1.12
145.25
24.95
1.06
0.73

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.81
11.90
11.96
Last Cut Off.
11.87
11.94
11.94
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.95
12.91
12.91
12.94
10 Y-PIB
13.25
13.21
13.21
13.20

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.95
1.79
2.03
2.09
3.87
8.55
13.21
Change bps
-1.00
1.00
0.00
4.00
-9.00
-8.30
0.00

Commodities

     
12-Apr-12
13-Apr-12
change
WTI (USD/bbl)    
102.69
103.32
0.61%
     
Brent (USD/bbl)    
120.19
121.13
0.78%
     
Arab Light (USD/bbl)    
120.00
122.03
1.69%

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
49,310.02
49,114.00
0.40%
Rice IRRI -6(Rs/100kg)
3,505.00
3,431.00
2.16%
KCA Cotton (Rs/mound)
5,600.00
5,500.00
1.82%
International
Current
Previous
Change
Coal Spot(USD/ton)
104.40
105.95
-1.46%
Gold Futures(USD/oz)
1,675.70
1,659.60
0.97%
Sugar 11 (USD/lb)
23.52
23.22
1.29%
Steel (USD/ton)
696.27
695.95
0.05%
Wheat (CBT) (USD/bu)
644.50
633.50
1.74%
PTA (USD/ton)
1,165.00
1,170.00
-0.43%
Copper (USD/ton)
8,265.75
8,077.50
2.33%

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.