BasedLine

Date: 19-April-2012
KSE-100 Index
Previous Index 13,764.22
Current Index 13,937.95
Change % 1.26%
YTD (CY11) 22.83%
YTD (FY12) 11.54%
KSE-100 Index
Previous Index 23,789.20
Current Index 24,094.51
Change % 1.28%
YTD (CY11) 19.65%
YTD (FY12) 15.09%
International Indicators
 
Close
%age
BSE-30 17,392.39 0.20
HANGSENG 20,780.73 1.06
NIKKEI 225 9,667.26 2.14
FTSE 5,745.29 -0.38
DJIA 13,032.75 -0.63
SSEC 2,377.57 -0.14
NASDAQ 3,031.14 -0.37
 
Close
%age
TASI 7,513.85 0.03
KSE(Kuwait) 6,268.00 0.49
BSE 1,153.68 0.84
MSM 6,007.71 0.41
ADX 2,513.01 0.32
DFM 1,642.65 -0.39
QSE 8,717.09 0.04
Capital Market Overview

Market Watch: Market rallies on IMF growth forecasts, better earnings

Wednesday saw positivity in the stock exchange; the bulls rallied once again on rumours of the signing of the capital gains tax ordinance over the weekend, positive economic outlook forecasts by the International Monetary Fund (IMF) and expectations of better earnings results for the quarter. more... (ET)

NAVs and Returns
as of April 18, 2012
Funds Offer Redemption
POGSF
10.2914/-
10.2914/-
YTD Return
10.83%
POAIIF
53.1270/-
52.5957/-
YTD Return
11.58%
POAAAF
53.01/-
51.68/-
YTD Return
2.30%
POIAAF
61.51/-
59.97/-
YTD Return
14.78%
POAF
11.22/-
YTD Return
11.12%
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
38.26
3,291
150.62
6.14
22.83%
KSE30
7.50
645
75.36
5.16
19.91%
KMI30
5.48
471
51.85
3.88
19.65%
KSE All
41.48
3,568
261.52
6.97
24.76%
April 18 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
169.49
117.95
-14.96%
OGDC
16.35
166.28
148.34
8.69%
UBL
2.00
77.50
45.37
25.18%
LUCK
1.70
132.67
38.56
87.28%
April 18 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
18.92
-30.04
-11.12
Foreign Corporates
4,263.70
-6,138.95
-1,875.25
Overseas Pakistani
959.93
-866.17
93.76
Grand Total
5,242.54
-7,035.16
-1,792.61
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
17-April-12
18-April-12
Change
Gross Buy
241.01
-13.85%
44.52
-63.03%
2.68
5.24
95.49%
Gross Sell
-222.79
-3.25%
-42.80
-61.13%
-3.22
-7.04
-118.45%
Net Buy/(Sell)
17.81
-64.83%
1.68
-83.32%
-0.54
-1.79
-232.71%
S.C.R.A
Country
During the Period FY12TD
17-04-2012
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
-
-
-
Luxembourg
29.87
-
-
33.00
-
-
-28.57
-
0.02
-0.02
Switzerland
28.91
0.91
-
32.69
1.27
-
-4.14
-
1.01
-1.01
UAE
7.43
0.52
-
3.89
4.46
-
-1.21
0.29
0.01
0.28
UK
53.33
10.42
-
132.80
0.29
3.47
-74.14
1.57
0.26
1.30
USA
160.87
-
-
252.07
-
19.06
-107.87
2.41
4.79
-2.38
Total
348.59
14.53
-
545.38
8.71
29.22
-219.33
4.69
6.09
1.40
News Clippings
Economy

Pakistan to clock in 4% growth this year: Hafeez Shaikh

Pakistan’s Finance Minister Hafeez Shaikh says Pakistan is expected to cap this year with nearly 4% in growth, while the country has to pay $1.4 billion in loan repayments. more... (ET)

Pakistan needs to arrange Rs7.3t in upcoming year

Pakistan will need to raise a huge debt from the market equivalent to 30.3% of the country’s economy or Rs7.3 trillion in next fiscal year to retire maturing debt and bridge the gap between income and expenses, according to an International Monetary Fund report. more... (ET)

C/A deficit swelled to $3.08bn in July to March 2011-12

The current account deficit maintained its deteriorating situation as it touched $3.08 billion mark in July to March period of the current fiscal year 2011-12, State Bank of Pakistan (SBP) statistics said on Wednesday, but inflows of $142 million in March under the head of remittances and other different sources contained its uncontrolled situation from becoming worse. more... (DT)

Tax collection improves since unearthing of container scam

Federal Tax Ombudsman (FTO) Dr Shoaib Suddle has claimed that the Federal Board of Revenue (FBR) has been collecting an additional Rs1 billion every month with a 60% decline in cargo smuggling since January last year when the FTO unearthed the Nato container scam. more... (ET)

Company & Sector Update

Corporate results: DG Khan Cement profit jumps tenfold

The country's second largest cement manufacturer net profit swelled 1070% to Rs2.07 billion in the first nine months of fiscal 2012 against Rs177 million posted in the same period last year, according to unconsolidated results sent to the Karachi Stock Exchange on Wednesday. more..(ET)

Caught in the act: SECP sanctions Faysal Bank for manipulating stock prices

The Securities and Exchange Commission of Pakistan (SECP) has issued a prohibitory order against Faysal Bank after getting evidence that the bank was involved in manipulating prices of a few stocks. more... (ET)

Attock Refinery posts higher PAT

Attock Refinery Ltd (ARL) has reported a higher profit after tax (PAT) of Rs 2.611 billion during July-March, 2012. According to financial results to KSE on Wednesday, the PTA profit of the refinery surged to Rs 2.257 billion during the period under review compared to Rs 1.806 billion in the same period last year. The earning per share also improved to Rs 30.62 compared to Rs 22.87 in March 2011. more... (DT)

Challenges of fertiliser, gas sectors identified

Challenges faced by the oil and gas, fertilisers and petro-chemical industries both in public and private sectors were discussed at the first ever “Plant Maintenance and Operation Conference’ here on Wednesday. more... (D)

Political

Kayani urges less spending on defence

Chief of the Army Staff (COAS) General Ashfaq Kayani Wednesday said he would like to see the country spend less on defence, arguing that national security depended on development as much as on protecting borders. more... (BR)

NATO supply: ‘Pakistan not given deadline to open routes’

Pakistan has not been given any deadline by the US to resume the Nato supply routes since it was already “moving in the right direction”, the minister counsellor for public affairs of the US embassy said on Wednesday while speaking to a group of journalists in Peshawar. more... (ET)

Prospects of PML-Nawaz, PML-Likeminded alliance fade

The Pakistan Muslim League-Nawaz (PML-N) and a breakaway faction of the Pakistan Muslim League-Quaid don’t seem to be likeminded after all. more... (ET)

PPP’s Seraiki plan sorely needs PML-N support

The Pakistan Peoples Party (PPP), despite its continued call for the Seraiki province, has not yet sought the support of PML-N – without which the division of Punjab is unlikely. more... (ET)

GCC

UAE, India fix double-tax problem

An amended double taxation avoidance agreement (DTAA) between the UAE and India is likely to plug the loopholes in a previous agreement that enabled tax authorities in India to sometimes unnecessarily go after non-resident businessmen and individuals for alleged tax evasion, say experts. more... (Zawya)

Gulf assets forecast to top $1.9 tn in 2012: IIF

Net foreign assets held by energy-rich Gulf states are forecast to soar to $1.9 trillion in 2012 as a result of high oil prices, the Institute of International Finance said Wednesday. more... (Zawya)

Gulf oil revenue to hit $572bn in 2012: IIF

Oil revenue for the six Gulf Co-operation Council states will reach a record $572bn this year on higher crude prices and output intended to replace Iranian exports, a banking association said. The GCC countries, which together account for about 25% of global oil supply, will generate 6.3% more revenue from crude than last year. more. (Gulf Base)

Dubai’s foreign trade hits Dh1.1tr in 2011

Dubai’s foreign trade grew 22 per cent to Dh1.1 trillion last year over 2010, according to Dubai Customs . This is the first time it has crossed the Dh1 trillion mark. more... (Zawya)

Quote of the Day:

"Far and away the best prize that life has to offer is the chance to work hard at work worth doing." Theodore 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 (Apr 06, 2012)
$16.52 bn
Trade Balance ( July-Mar 12)
$-16.09bn
Curr. A/C (July 11-Mar 12)
$-3.08bn
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
11.53
11.68
11.75
11.85
Offer
12.03
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
11.75
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
91.30
120.00
1.13
145.50
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

     
18-Apr-12
19-Apr-12
change
WTI (USD/bbl)    
104.47
102.64
-1.75%
     
Brent (USD/bbl)    
118.69
118.24
-0.38%
     
Arab Light (USD/bbl)    
118.34
118.03
-0.26%

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
48,512.90
48,855.75
-0.70%
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)
1,641.50
1,654.10
-0.76%
Sugar 11 (USD/lb)
22.01
22.57
-2.48%
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.