BasedLine

Date: 18-April-2012
KSE-100 Index
Previous Index 13,770.70
Current Index 13,764.22
Change % -0.05%
YTD (CY11) 21.30%
YTD (FY12) 10.15%
KSE-100 Index
Previous Index 23,917.37
Current Index 23,789.20
Change % -0.54%
YTD (CY11) 18.13%
YTD (FY12) 13.63%
International Indicators
 
Close
%age
BSE-30 17,357.94 1.21
HANGSENG 20,562.31 -0.23
NIKKEI 225 9,464.71 -0.06
FTSE 5,766.95 1.78
DJIA 13,115.54 1.50
SSEC 2,366.11 1.33
NASDAQ 3,042.82 1.82
 
Close
%age
TASI 7,511.72 3.21
KSE(Kuwait) 6,237.40 0.67
BSE 1,144.10 0.48
MSM 5,983.10 0.57
ADX 2,504.88 0.21
DFM 1,649.14 -0.01
QSE 8,713.27 -0.16
Capital Market Overview

Market Watch: Index closes flat as market struggles to regain footing

The stock exchange on Tuesday took investors on a roller-coaster ride: the index ended almost flat after a strong upsurge in the early hours of trading was wiped out in profit-taking by the session’s end.The Karachi Stock Exchange’s (KSE) benchmark 100-share index shed 0.05% or 6.49 points to end at the 13,764 points. more... (ET)

NAVs and Returns
as of April 17, 2012
Funds Offer Redemption
POGSF
10.2889/-
10.2889/-
YTD Return
10.84%
POAIIF
53.1151/-
52.5839/-
YTD Return
11.59%
POAAAF
52.07/-
50.77/-
YTD Return
0.49%
POIAAF
60.97/-
59.45/-
YTD Return
13.78%
POAF
11.22/-
YTD Return
11.13%
Funds Rating
AMC
AM3
POAIIF
A+ (f)
POAF
AA-
POAAAF
3 Star
POIAAF
5 Star
  Mar-12 Feb-12
MoM (%)
AUM's (PKR bn) 305.29 334.07 -8.61%
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
37.78
3,249
180.29
4.68
21.30%
KSE30
7.39
635
71.66
3.34
18.17%
KMI30
5.41
465
52.12
2.37
18.13%
KSE All
40.95
3,522
268.73
5.30
23.15%
April 17 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
168.41
117.95
-15.50%
OGDC
16.35
164.01
148.34
7.20%
UBL
2.00
76.17
45.37
23.03%
LUCK
1.70
127.19
38.56
79.55%
April 17 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
39.02
-13.73
25.29
Foreign Corporates
2,060.12
-2,442.58
-382.46
Overseas Pakistani
582.58
-764.20
-181.62
Grand Total
2,681.72
-3,220.51
-538.79
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
16-April-12
17-April-12
Change
Gross Buy
235.88
-15.06%
39.40
-22.08%
5.00
2.68
-46.32%
Gross Sell
-215.91
-3.56%
-35.92
-3.16%
-1.59
-3.22
-102.72%
Net Buy/(Sell)
19.53
-64.54%
3.40
-74.21%
3.41
0.54
-115.81%
S.C.R.A
Country
During the Period FY12TD
16-04-2012
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
-
-
15.59
-
-
-4.42
-
0.13
-0.13
Luxembourg
29.87
-
-
33.00
-
-
-28.57
-
0.03
-0.03
Switzerland
28.91
0.91
-
32.68
1.27
-
-4.14
-
0.10
-0.10
UAE
7.14
0.52
-
3.88
4.46
-
-1.21
-
-
-
UK
51.76
10.42
-
132.54
0.29
3.47
-74.14
1.32
1.14
0.18
USA
158.47
-
-
247.28
-
19.06
-107.87
0.30
0.09
0.21
Total
343.90
14.53
-
539.30
8.71
29.22
-219.33
1.71
1.54
0.17
News Clippings
Economy

Foreign investment falls 64pc

The country is losing charm for foreign investors as both direct and portfolio investment fell sharply during the nine months of the current fiscal year. The State Bank reported on Tuesday that foreign private investment fell by 64.7 per cent during July-March 2012. In terms of dollar, the investment fell by $946 million during this period. more... (D)

IMF’s ‘Balancing Fiscal Policy Risks’ report

Pakistan’s budget deficit will reach at 6.7 percent of the Gross Domestic Product (GDP) during 2012, said International Monetary Fund (IMF) Fiscal Monitor of April 2012 titled ‘Balancing Fiscal Policy Risks’ in the member countries released on Tuesday. more... (DT)

Govt makes fresh borrowing of Rs 83bn from SBP

The government has made fresh borrowing of Rs 82.76 billion from central bank as of April 6, for meeting its budgetary expenses that have already reached Rs 296.895 billion whereas it funded Rs 49.24 billion to scheduled banks in the past few weeks. more... (DT)

TAPI pipeline: Pakistan, Afghanistan and India agree on transit fee

Pakistan, India and Afghanistan have agreed on the rate of transit fee on supply of gas from Turkmenistan through a transnational pipeline, popularly known as Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline. more... (ET)

Company & Sector Update

Corporate results: Fauji Fertilizer Bin Qasim hit bad by gas shortfall

The cracks caused by the massive gas shortfall in the country have finally started to show, Fauji Fertilizer Bin Qasim witnessed its worst quarter in more than three years during January to March 2011. more..(ET)

Kapco profits decline 17%

Kot Addu Power Company’s (Kapco) profits have declined 17% to Rs4.36 billion in the current financial year so far as cash flows shrink for the entire energy sector mostly due to the circular debt. more... (ET)

Textile industry exempted from load shedding: PEPCO

Pakistan Electric Power Company (PEPCO) said on Tuesday on the instructions of federal government, the textile industry both prime users and having self generation were exempted from load shedding.
more... (DT)

Meezan Bank records 54pc growth in Profit-after-tax for first quarter

The Meezan Bank Limited has recorded 54percent growth in its Profit-after-tax which increased to Rs. 903 million for the quarter ended March 31, 2012 as compared to Rs. 585 million earned in first quarter of 2011. more... (BR)

Political

Govt appoints Rana Asad Amin as Advisor Finance Division

The government here on Tuesday appointed, Rana Asad Amin as "Advisor to Finance Division" with immediate effect.Notification in this regard has been issued. Rana Asad will also continue to work as Spokesperson to the Ministry of Finance. more... (BR)

DCC go-ahead for resetting Pak-US ties

The Defence Committee of the Cabinet (DCC) gave a go-ahead on Tuesday for starting negotiations with the US for resetting ties in the light of parliamentary review. more... (D)

Imran to AQ – more fuel for PTI’s ideological fire?

Remember Dr Abdul Qadir Khan? The ‘father of Pakistan’s nuclear programme’ seems to have been inspired by his counterpart in India, who served as president a few years ago. more... (ET)

Nawaz wants Siachen de-militarised

PML-N President Nawaz Sharif has urged Pakistan and India to immediately start negotiations to resolve the Siachen issue and pull their troops out of the region. more... (D)

GCC

IMF Says MENA Region Vulnerable To Worsening In Europe Crisis

DUBAI (Zawya Dow Jones)--A renewed crisis in Europe would push down oil prices and hurt economic growth in several Middle East and North African countries, adding to the uncertainties for the region caused by rising tensions with Iran, the International Monetary Fund said Tuesday. more... (Zawya)

Dubai achieves 7.8% growth in exports

Dubai The value of Dubai's exports and re-exports grew 7.8 per cent to Dh63.5 billion in the first quarter compared with Dh58.9 billion last year, which the Dubai Chamber of Commerce and Industry says "clearly shows that Dubai's economy is firmly back in the saddle and ready to make giant strides". more... (Gulf News)

Aldar signs Dh4b revolving credit facility with NBAD

Abu Dhabi Aldar Properties, Abu Dhabi's largest property developer by market capitalisation, said Tuesday it had signed a Dh4 billion revolving credit facility with National Bank of Abu Dhabi (NBAD). more. (Gulf News)

Kingdom to sustain growth as lending to private sector rises

Bank of America Merill Lynch, HSBC Holdings and Standard Chartered have raised their 2012 growth forecasts for Saudi Arabia since March, as oil above $100 a barrel and credit growth spur expansion of the non-oil economy. more... (Gulf Base)

Quote of the Day:

" Don't aim for success if you want it; just do what you love and believe in, and it will come naturally." David Frost



 
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-Mar 12)
$466.50mn
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
17-Apr-12
16-Apr-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
84.82
0.46%
12.07%
12.21%
-13.70
     
17-Apr-12
16-Apr-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
896.78
907.17
-10.40

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.52
11.68
11.74
11.85
Offer
12.02
11.93
11.99
12.35

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.90
11.75
11.70
11.75
11.90
11.95
Low  
11.90
11.60
11.60
11.65
11.75
11.85

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
91.35
119.50
1.13
145.20
24.85
1.06
0.73

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.83
11.93
11.98
Last Cut Off.
11.87
11.94
11.94
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
13.05
12.95
12.95
12.94
10 Y-PIB
13.30
13.25
13.28
13.20

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.94
1.75
2.01
2.10
3.85
8.34
13.25
Change bps
0.00
3.00
3.00
7.00
4.00
-11.40
-3.00

Commodities

     
17-Apr-12
18-Apr-12
change
WTI (USD/bbl)    
102.97
104.47
1.46%
     
Brent (USD/bbl)    
118.18
118.69
0.43%
     
Arab Light (USD/bbl)    
118.52
118.34
-0.15%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
108.16
103.46
4.54%
Furnace Oil (Rs/ton)
83,022.36
84,408.56
-1.64%
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
48,855.75
48,770.04
0.18%
Rice IRRI -6(Rs/100kg)
3,453.00
3,458.00
-0.14%
KCA Cotton (Rs/mound)
5,800.00
5,700.00
1.75%
International
Current
Previous
Change
Coal Spot(USD/ton)
102.40
104.40
-1.92%
Gold Futures(USD/oz)
1,654.10
1,650.60
0.21%
Sugar 11 (USD/lb)
22.57
22.31
1.17%
Steel (USD/ton)
696.60
695.45
0.17%
Wheat (CBT) (USD/bu)
620.25
621.25
-0.16%
PTA (USD/ton)
1,165.00
1,170.00
-0.43%
Copper (USD/ton)
8,164.00
8,049.50
1.42%

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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.