BasedLine

Date: 16-April-2012
KSE-100 Index
Previous Index 13,693.74
Current Index 13,799.42
Change % 0.77%
YTD (CY11) 21.61%
YTD (FY12) 10.43%
KSE-100 Index
Previous Index 23,408.38
Current Index 23,700.82
Change % 1.25%
YTD (CY11) 17.69%
YTD (FY12) 13.20%
International Indicators
 
Close
%age
BSE-30 17,094.51 -1.37
HANGSENG 20,701.04 -1.84
NIKKEI 225 9,637.99 1.19
FTSE 5,651.79 -1.03
DJIA 12,849.59 -1.05
SSEC 2,353.09 -0.22
NASDAQ 3,011.33 -1.45
 
Close
%age
TASI 7,348.33 -2.34
KSE(Kuwait) 6,217.30 0.46
BSE 1,138.09 0.16
MSM 6,003.47 0.37
ADX 2,512.27 -0.43
DFM 1,675.15 -0.21
QSE 8,738.89 -0.53
Capital Market Overview

Weekly review: KSE-100 sheds 0.5% as uncertainty prevails

A lack of any new information regarding the revised Capital Gains Tax (CGT) regime resulted in a range-bound week at the stock market; the benchmark KSE-100 index closed on Friday at 13,799 points – down 0.5% (76 points) over the previous week. more... (ET)

NAVs and Returns
as of April 13, 2012
Funds Offer Redemption
POGSF
10.2779/-
10.2779/-
YTD Return
10.85%
POAIIF
53.0673/-
52.5366/-
YTD Return
11.64%
POAAAF
51.43/-
50.14/-
YTD Return
-0.75%
POIAAF
60.16/-
58.66/-
YTD Return
12.27%
POAF
11.24/-
YTD Return
11.46%
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
244.47
8.05
21.61%
KSE30
7.41
637
126.38
6.55
18.53%
KMI30
5.39
464
96.89
4.78
17.69%
KSE All
40.99
3,525
380.03
8.86
23.40%
April 13 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
174.90
117.82
-12.24%
OGDC
16.35
163.69
148.18
6.99%
UBL
2.00
78.61
45.32
26.97%
LUCK
1.70
120.94
38.52
70.72%
April 13 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
12.35
-35.55
-23.21
Foreign Corporates
6,501.97
-2,026.19
4,475.78
Overseas Pakistani
853.26
-954.75
-101.06
Grand Total
7,367.58
-3,016.49
4,351.09
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
12-April-12
13-April-12
Change
Gross Buy
228.38
-17.76%
31.89
-70.41%
3.28
7.37
124.79%
Gross Sell
-211.21
-5.66%
-31.22
-68.31%
-2.03
-3.02
-48.80%
Net Buy/(Sell)
16.79
-69.52%
0.65
-92.78%
1.25
4.35
247.98%
S.C.R.A
Country
During the Period FY12TD
12-04-2012
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
-
-
15.46
-
-
-4.30
-
0.23
-0.23
Luxembourg
29.87
-
-
33.00
-
-
-28.45
-
0.13
-0.13
Switzerland
28.91
0.91
-
32.58
1.27
-
-4.04
-
0.45
-0.45
UAE
7.14
0.52
-
3.88
4.46
-
-1.21
-
-
-
UK
50.44
10.42
-
131.31
0.29
3.47
-74.24
-
0.20
-0.20
USA
157.30
-
-
241.50
-
19.06
-103.25
1.02
0.46
0.56
Total
340.85
14.53
-
531.37
8.71
29.22
-214.44
1.02
1.55
-0.36
News Clippings
Economy

Asia to maintain growth despite global headwinds

Emerging Asian economies will experience flat growth this year before recovering in 2013, the Asian Development Bank (ADB) said in a regional report released Wednesday. more... (D)

Monetary policy: State Bank mandates higher returns for savings accounts


In its announcement on Friday, the central bank left its benchmark discount rate unchanged at 12%, in line with market expectations. Yet the SBP managed to deliver a surprise by increasing the mandatory minimum interest rate that banks must pay their depositors on savings accounts, from 5% to 6%. more... (ET)

Oil prices dip after ‘positive’ Iran nuclear talks

Oil prices slid in Asian trade Monday after nuclear talks over the weekend between major crude producer Iran and world powers eased concerns over Middle East supply, analysts said. more... (D)

Proposed budget share: 2% for higher education, 20% for military

In line with its previous allocations, the government plans on allocating less than 2% of its budget to higher education and almost 20% to the military. Authorities are considering allocating Rs47.8 billion to higher education in the upcoming budget, which amounts to 1.8% of the proposed total budget of Rs2.738 trillion. more... (ET)

Company & Sector Update

Citrus exports: Kinnow exports falling due to a multitude of issues

Pakistan, though a major citrus producer, is still lagging behind in modern techniques when it comes to enhancing the value of citrus exports. Only 10% of total production is exported, due to which citrus producers face severe financial constraints as it entails selling the produce locally; at lower prices. more..(ET)

Compressors for Qadirpur: OGDC chooses not to punish errant supplier

The Oil and Gas Development Corporation (OGDC) has chosen to ignore advice of its two key departments which said that bank guarantee of a foreign company be converted into money for breach of contract. more... (D)

The bottom line: Is the banking sector’s record streak about to snap?

Is the party in the banking sector over or is it just getting started? While the State Bank of Pakistan recently took some actions that most analysts view as having a negative impact for the banks, for the most part, the record-breaking profits look set to continue for the foreseeable future. more... (ET)

Builders ask cement makers to cut down prices

Members of the Association of Builders and Developers of Pakistan (ABAD) threatened on Saturday to bring construction activities to a halt throughout the country in two weeks if cement manufacturers did not reduce cement prices by about 30%. more... (ET)

Political

Middle ground may be found on drone campaign

The new policy guidelines approved by parliament may have demanded an immediate end to the drone strikes inside the country’s tribal belt, but Pakistan and the US will push for a ‘middle ground’ on the CIA-piloted drone campaign. more... (ET)

Baloch separatists have foreign backing: Musharraf

Separatists in Balochistan with foreign backing aim to destabilise Pakistan, said former president and All Pakistan Muslim League (APML) chief Pervez Musharraf. more... (ET)

PPP, PML-N agree to postpone LG elections

The ruling Pakistan Peoples Party (PPP) and opposition Pakistan Muslim League-Nawaz (PML-N) have agreed not to push for local government elections ahead of the parliamentary polls scheduled for early next year. more... (ET)

Consensus will be evolved on Saraiki province: Gilani

Prime Minister Yousaf Raza Gilani said on Sunday consensus would be evolved on the issue of Saraiki province in southern Punjab. Addressing a press conference, he said the manifesto committee of the Pakistan People’s Party (PPP) would decide contours of Saraiki province. more... (DT)

GCC

Foreign investments jump to $34 billion in 6 years

Saudi Arabia is rapidly making head way in mobilizing FDI and making strategic investments in projects Kingdomwide. This follows the visionary policies of Custodian of the Two Holy Mosques King Abdullah, said Fahd Hamidaddin, head of strategic investments at King Abdullah Economic City. more... (Zawya)

World's tallest tower in Jeddah to be ready in 63 months

Jeddah's Kingdom Tower, set to become the world's tallest building, will be completed in 63 months, according to Kingdom Holding Company ( KHC ) Chairman Prince Alwaleed bin Talal. more... (Zawya)

Saudization of the industrial sector boosted

Arrangements are currently under way for the setting up of the first vocational training institute in the industrial city of Jeddah. The establishment of the institute is part of the Kingdom's plan to accelerate Saudization of the industrial sector and making available a trained Saudi technical work force to the local market. more. (Gulf Base)

Saudi shares tumble to 8-month low on concerns

Saudi shares plunged to its lowest close in eight months Sunday amid investors’ concern that oil prices may retreat amid signs the global economic recovery is slowing. more... (Gulf Base)

Quote of the Day:

" It's easy to make a buck. It's a lot tougher to make a difference. "

Tom Brokaw



 
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
13-Apr-12
12-Apr-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
84.50
0.23%
12.18%
12.25%
-6.60
     
13-Apr-12
12-Apr-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
914.82
909.75
5.07

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.52
11.67
11.78
11.84
Offer
12.02
11.92
12.28
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
11.70
11.75
11.90
11.95
Low  
10.25
11.00
11.50
11.65
11.75
11.85

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
91.35
120.50
1.13
145.80
24.85
1.06
0.73

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.79
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
13.24
13.20
13.21
13.20

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.94
1.74
1.98
2.04
3.78
8.47
13.20
Change bps
-1.00
-5.00
-5.00
-5.00
-9.00
-8.50
-1.00

Commodities

     
13-Apr-12
16-Apr-12
change
WTI (USD/bbl)    
103.32
102.10
-1.18%
     
Brent (USD/bbl)    
121.13
119.92
-1.00%
     
Arab Light (USD/bbl)    
122.03
121.32
-0.58%

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)
442.88
434.75
1.87%
Urea Fertilizer (Rs/bag)
1,797.50
1,800.00
-0.14%
Gold 24cr (Rs./10gm) Khi
48,812.89
49,310.02
-1.01%
Rice IRRI -6(Rs/100kg)
3,428.00
3,505.00
-2.20%
KCA Cotton (Rs/mound)
5,700.00
5,600.00
1.79%
International
Current
Previous
Change
Coal Spot(USD/ton)
104.40
105.95
-1.46%
Gold Futures(USD/oz)
1,652.00
1,675.70
-1.41%
Sugar 11 (USD/lb)
22.81
23.52
-3.02%
Steel (USD/ton)
697.31
696.48
0.12%
Wheat (CBT) (USD/bu)
630.25
644.50
-2.21%
PTA (USD/ton)
1,165.00
1,170.00
-0.43%
Copper (USD/ton)
8,045.75
8,265.75
-2.66%

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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.