BasedLine

Date: 17-April-2012
KSE-100 Index
Previous Index 13,799.42
Current Index 13,770.70
Change % -0.21%
YTD (CY11) 21.35%
YTD (FY12) 10.20%
KSE-100 Index
Previous Index 23,700.82
Current Index 23,917.37
Change % 0.91%
YTD (CY11) 18.77%
YTD (FY12) 14.24%
International Indicators
 
Close
%age
BSE-30 17,150.95 0.33
HANGSENG 20,610.64 -0.44
NIKKEI 225 9,470.64 -1.74
FTSE 5,666.28 0.26
DJIA 12,921.41 0.56
SSEC 2,357.03 -0.09
NASDAQ 2,988.40 -0.76
 
Close
%age
TASI 7,277.89 -0.96
KSE(Kuwait) 6,196.00 -0.34
BSE 1,138.68 0.05
MSM 5,949.02 -0.91
ADX 2,499.67 -0.50
DFM 1,649.25 -1.55
QSE 8,727.07 -0.14
Capital Market Overview

Market Watch: Banking sector takes over the wheel

The stock market fell on the first trading session of the week led by the banking sector that received a hammering following central bank’s increase in the returns they have to pay their account holders over the weekend. The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.21 per cent or 28.73 points to end at the 13,770.70 point level. more... (ET)

NAVs and Returns
as of April 16, 2012
Funds Offer Redemption
POGSF
10.2864/-
10.2864/-
YTD Return
10.84%
POAIIF
53.1030/-
52.5720/-
YTD Return
11.60%
POAAAF
51.69/-
50.40/-
YTD Return
-0.24%
POIAAF
60.78/-
59.26/-
YTD Return
13.42%
POAF
11.22/-
YTD Return
11.13%
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
37.81
3,251
170.09
5.61
21.35%
KSE30
7.42
638
71.31
4.06
18.73%
KMI30
5.44
468
45.54
2.65
18.77%
KSE All
40.92
3,519
261.02
6.23
23.20%
April 16 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
168.73
117.82
-15.34%
OGDC
16.35
164.39
148.18
7.45%
UBL
2.00
75.76
45.32
22.37%
LUCK
1.70
126.37
38.52
78.39%
April 16 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
47.82
-11.01
36.81
Foreign Corporates
4,257.52
-681.76
3,575.76
Overseas Pakistani
690.34
-895.91
-205.57
Grand Total
4,995.68
-1,588.68
3,407.00
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
13-April-12
16-April-12
Change
Gross Buy
233.26
-16.00%
36.78
-27.26%
7.37
5.00
-32.19%
Gross Sell
-212.77
-4.97%
-32.78
-11.64%
-3.02
-1.59
47.33%
Net Buy/(Sell)
20.04
-63.61%
3.91
-70.30%
4.35
3.41
-21.70%
S.C.R.A
Country
During the Period FY12TD
13-04-2012
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
-
-
-
Luxembourg
29.87
-
-
33.00
-
-
-28.45
-
0.09
-0.09
Switzerland
28.91
0.91
-
32.58
1.27
-
-4.04
-
-
-
UAE
7.14
0.52
-
3.88
4.46
-
-1.21
-
-
-
UK
50.44
10.42
-
131.40
0.29
3.47
-74.32
-
0.08
-0.08
USA
158.17
-
-
247.20
-
19.06
-108.08
0.86
5.69
-4.83
Total
342.18
14.53
-
537.76
8.71
29.22
-219.50
1.33
6.39
-5.06
News Clippings
Economy

US pledges $110m aid amid talks over NATO supplies

This time, it seems, it’s give and take for Islamabad and Washington. At a time when the country is set to make a final decision on reopening vital land routes for Western forces stationed in Afghanistan, US Ambassador Cameron Munter has pledged $110 million in aid to Pakistan. more... (ET)

Federal ministries propose projects worth Rs180bn for next year


Different federal ministries have proposed various development projects cumulatively worth Rs180 billion for inclusion in the upcoming Public Sector Development Programme (PSDP) of the 2012-13 fiscal year, a senior official at the Planning Commission told The News. more... (N)

‘Pakistan, India trade likely to surge in 2013’

Pakistan and India might see reasonable surge in bilateral trade in 2013 as New Delhi is most likely to liberalise its Pakistan’s specific sensitive list by that time, secretary commerce, Zafar Mehmood said here on Monday. more... (N)

ICCI demands govt to set realistic targets in budget 2012-13

The business community on Monday demanded for the government to announce the realistic economic targets for forthcoming fiscal year 2012-13 by keeping in view the ground realities to achieve sustainable development. more... (DT)

Company & Sector Update

President Engro Corporation takes early retirement

After more than twenty-seven years with Engro, Asad Umar, President and CEO of Engro Corporation, has decided to take early retirement and pursue other interests, according to Engro Corporation's press release issued here on Monday. more..(BR)

Oil prices mixed after Iran nuclear talks

Oil prices were mixed on Monday after weekend talks between Iran and world powers regarding the Islamic republic’s nuclear program eased concerns over crude supplies, according to analysts. more... (ET)

Move likely to impact earnings of big banks

The State Bank of Pakistan’s last week decision to increase minimum profit rate on savings accounts by one percentage point to six percent from next month is likely to trim earnings of big five banks by up to 10 percent in 2012, analysts said. They said smaller banks are already offering higher returns i.e. in the range of 7-9 percent in order to fetch higher deposits, therefore the impact of the State Bank of Pakistan’s decision would largely hurt large banks. more... (N)

MFN status to India may not boost cement exports due to NTBs

The Most Favoured Nation (MFN) status to India may not give boost to the cement exports to the neighbouring country mainly due to the Pakistan-specific non-tariff barriers (NTBs), despite the fact that 50 kilogrammes (kgs) cement bag in India is around 16 percent costlier than in Pakistan. more... (DT)

Political

NAB directed to submit progress report in NRO-implementation issue

The Supreme Court on Monday directed the National Accountability Bureau to submit its progress report till May 3 over its direction of March 8, regarding progress on implementation of National Reconciliation Ordinance verdict. more... (BR)

Pakistan-US relations: Kabul attack could spark tension

A brazen, 18-hour attack allegedly carried out on targets in the Afghan capital, including the US Embassy, could spark fresh tension between Washington and Islamabad just as they seemed to be patching up their vital but troubled relationship. more... (BR)

Clinton to continue to press Pakistan on Haqqani network

US Secretary of State Hillary Clinton said Monday that she will continue to urge Pakistan to squeeze the Haqqani network, as signs emerged it might be behind weekend attacks in Afghanistan. more... (ET)

Tehreek-e-Sooba Hazara warns of civil disobedience

Tehreek-e-Sooba Hazara leader Baba Haider Zaman threatened to launch countrywide civil disobedience movement if the government announced creation of Saraiki province while ignoring their demands. more... (DT)

GCC

Emirates open to India deal

Emirates airline said it would look at investing in an Indian carrier as the Indian government moves toward opening up to foreign direct investment. more... (Gulf News)

Aviation sector powers economy to new heights

The aviation industry has directly contributed Dh61.3 billion to the UAE's economy, which is around 6.3 per cent, said Sultan Bin Saeed Al Mansouri, UAE Minister of Economy, in Abu Dhabi yesterday. more... (Gulf News)

Dubai residential market prices back to early-2008 levels

The Dubai residential real estate market appears to have bottomed out as prices are now at rates similar to early 2008 levels and the general rental trend being positive, Jones Lang LaSalle said on Monday.Dubai is expected to see completion of 28,000 new units in 2012 with Dubailand and Jumeirah Park likely to see completion of 4,380 and 4,242 units, respectively. more. (Zawya)

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. more... (Zawya)

Quote of the Day:

" We can never be certain about the future and therefore we must continue to be flexible and adaptable so that we can react quickly to the needs of our clients and our market place." Talal Abu-Ghazaleh



 
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
16-Apr-12
13-Apr-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
84.50
0.23%
12.18%
12.25%
-6.60
     
16-Apr-12
13-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
11.50
11.68
11.75
11.85
Offer
12.00
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  
11.80
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
119.50
1.13
145.20
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

     
16-Apr-12
17-Apr-12
change
WTI (USD/bbl)    
102.10
102.10
-1.18%
     
Brent (USD/bbl)    
119.92
119.92
-1.00%
     
Arab Light (USD/bbl)    
121.32
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
48,770.04
48,812.89
-0.09%
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)
1,650.60
1,652.00
-0.08%
Sugar 11 (USD/lb)
22.31
22.81
-2.19%
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.