BasedLine

Date: 20-April-2012
KSE-100 Index
Previous Index 13,937.95
Current Index 13,929.47
Change % -0.06%
YTD (CY11) 22.75%
YTD (FY12) 11.47%
KSE-100 Index
Previous Index 24,094.51
Current Index 24,061.12
Change % -0.14%
YTD (CY11) 19.48%
YTD (FY12) 14.93%
International Indicators
 
Close
%age
BSE-30 17,503.71 0.64
HANGSENG 20,995.01 1.03
NIKKEI 225 9,588.38 0.82
FTSE 5,744.55 -0.01
DJIA 12,964.10 -0.53
SSEC 2,392.92 0.60
NASDAQ 3,007.56 -0.79
 
Close
%age
TASI 7,513.85 0.03
KSE(Kuwait) 6,264.60 -0.05
BSE 1,159.30 0.49
MSM 6,004.12 -0.06
ADX 2,500.22 -0.51
DFM 1,638.25 -0.27
QSE 8,638.92 -0.90
Capital Market Overview

Market Watch: Investors wary as market remains range-bound

The stock exchange tested the 14,000 point barrier once again on Thursday, but the end of the trading session saw the benchmark index close marginally in the red after bearish investors booked profits near higher levels.The Karachi Stock Exchange’s (KSE) benchmark 100-share index shed 0.06% or 8.48 points to end at the 13,929.47 point level. more... (ET)

NAVs and Returns
as of April 19, 2012
Funds Offer Redemption
POGSF
10.2926/-
10.2926/-
YTD Return
10.80%
POAIIF
53.1387/-
52.6073/-
YTD Return
11.57%
POAAAF
53.27/-
51.94/-
YTD Return
2.81%
POIAAF
61.57/-
60.03/-
YTD Return
14.89%
POAF
11.23/-
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
38.23
3,288
182.60
6.46
22.75%
KSE30
7.48
643
93.54
4.86
19.66%
KMI30
5.47
470
44.37
3.05
19.48%
KSE All
41.50
3,569
307.93
7.48
24.67%
April 19 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
172.15
117.94
-13.62%
OGDC
16.35
165.90
148.33
8.44%
UBL
2.00
77.24
45.36
24.76%
LUCK
1.70
131.69
38.56
85.90%
April 19 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
15.57
-390.09
-374.52
Foreign Corporates
6,442.75
-2,757.08
3,685.67
Overseas Pakistani
893.71
-739.29
154.43
Grand Total
7,352.04
-3,886.46
3,465.58
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
18-April-12
19-April-12
Change
Gross Buy
248.19
-13.00%
51.70
-3.00%
5.24
7.35
40.24%
Gross Sell
-226.59
-3.45%
-46.60
18.75%
-7.04
-3.89
44.76%
Net Buy/(Sell)
21.12
-59.19%
4.99
-63.68%
-1.79
3.47
293.33%
S.C.R.A
Country
During the Period FY12TD
18-04-2012
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
0.04
0.03
0.01
Switzerland
29.06
0.91
-
33.69
1.27
-
-4.99
0.16
-
0.16
UAE
7.43
0.52
-
3.89
4.46
-
-0.93
-
-
-
UK
55.14
18.13
-
133.14
0.29
3.47
-63.66
1.80
0.34
9.17
USA
162.13
-
-
253.22
-
19.06
-110.14
1.26
1.15
0.11
Total
351.86
22.24
-
546.90
8.71
29.22
-211.26
3.27
1.52
9.46
News Clippings
Economy

Pakistan’s forex reserves rise to $16.6bn

Pakistan’s foreign exchange reserves increased to $16.6 billion in the week ended April 13, from $16.52 billion in the previous week, according to State Bank of Pakistan (SBP) on Thursday. more... (DT)

Rising balance of payments concerns

Even though the current account balance for March FY12 registered a marginal surplus for the first time this year, the overall nine-month balance did not seem to offer much respite.Much of the improvement in the current account balance for March comes at the heels of a relatively better trade balance. more... (BR)

Trade corridor to be opened this year

A regional trade corridor linking Islamabad, Tehran and Istanbul has finally been shaped up and expected to be opened this year, it was announced here on Thursday. more... (D)

Corporate compliance steps make SECP’s services efficient

Securities and Exchange Commission of Pakistan (SECP) has taken several measures for increasing corporatisation and corporate compliance and encouraged feedback from the participants for making the SECP’s existing services more efficient. more... (ET)

Company & Sector Update

Corporate results: Fauji Fertilizer Company, the shining armour of the industry

Fauji Fertilizer Company sustained earnings near the same level as last year and is expected to be the only company in the industry to make a profit in the first three months of 2012. more..(ET)

Corporate results: Pakistan Oilfields profits jump 19%

Rs9.33 billion in the first nine months of fiscal 2012 with rising oil and gas prices acting as a blessing. International oil prices, key determinant of local rates, have increased by an estimated 11% to $101 per barrel on a yearly basis. more... (ET)

Back-door dealing: Legal loophole to be closed after banks dodge taxes

To end the practice of banks using its asset management companies for transactions to dodge taxes worth billions, the government may jack up the tax rate of subsidiaries and bring it at par with the bank’s 35% tax from 20%. more... (ET)

Two more banks join race for HSBC

Two more banks have joined the queue to buy HSBC Pakistan operations reflecting the good health of local banks despite ongoing global financial crisis. Banking sources said that Habib Bank and Silkbank had approached the State Bank to allow due diligence of HSBC. more... (D)

Political

India welcomes Kayani’s remarks

India on Thursday welcomed Pakistan Army Chief General Ashfaq Parvez Kayani’s remarks on resolving the Siachen issue and demilitarisation there, and said the money spent on deployment of troops could be spent on development of the two countries. more... (D)

Issue should be settled under Simla accord: FO

The Foreign Office said on Thursday that there was no change in Pakistan’s position on Siachen, but hoped for progress in the upcoming meeting of defence secretaries of the two countries on the issue. more... (D)

Pakistan, US exploring joint ownership of drone attacks

Pakistan and the United States have begun exploring various options for joint ownership of drone attacks against militant targets in the tribal belt after the US flatly refused to stop the predator strikes. more... (D)

PML-N to induct former general for Chakwal battle

Threatened by Pakistan Tehreek-e-Insaf (PTI) in North Punjab, Pakistan Muslim League-Nawaz (PML-N) has decided to induct Lt General (retd) Abdul Qayyum immediately, assuring him of one ticket out of two constituencies in the Chakwal district, sources privy to the development told The Express Tribune. more... (ET)

GCC

Qatari wealth fund adds 5% Tiffany's stake

Qatar's sovereign wealth fund has made its first big investment in a US public company by acquiring a 5.2 per cent stake in Tiffany, the jewellery retailer known for its diamond rings and blue, ribboned boxes. more... (Zawya)

Deyaar profit drops 64% due to tough conditions

Dubai Deyaar , the real estate developer, has posted a 64 per cent drop in its net profit in the first quarter of 2012. The developer earned a net profit of Dh9.4 million amid “extremely challenging market conditions”, it said in a statement yesterday. This is compared to Dh26.3 million in net profit during the same time last year. more... (Zawya)

World Bank's Alkaffas: IMF Egypt Program To Be Ready In Next Few Weeks

WASHINGTON (Dow Jones)--An International Monetary Fund program worth $3.2 billion for Egypt in the wake of the Arab Spring should be ready in the next few weeks, the World Bank board member responsible for the country said Thursday. more. (Zawya)

TDIC plans to offer lease-to-own programme

bu Dhabi One of the properties that make up The Residences at The St Regis Saadiyat Island Resort is offering a lease-to-own programme. “Under the three-year plan, prospective homeowners will pay an annual rent which will be fixed from the start of the agreement,”. more... (Zawya)

Quote of the Day:

"Do not go where the path may lead, go instead where there is no path and leave a trail. " Ralph Waldo Emerson




 
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
19-Apr-12
18-Apr-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
84.85
0.05%
12.07%
12.09%
-1.30
     
19-Apr-12
18-Apr-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
901.54
913.40
-11.86

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
11.90
11.75
11.75
11.90
11.95
Low  
11.90
11.70
11.65
11.65
11.75
11.85

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
91.35
120.00
1.12
146.60
24.85
1.06
0.73

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.83
11.92
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
13.26
13.23
13.25
13.20

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.94
1.69
1.96
2.15
3.82
8.41
13.23
Change bps
1.00
-3.00
-2.00
2.00
0.00
5.40
-2.00

Commodities

     
19-Apr-12
20-Apr-12
change
WTI (USD/bbl)    
102.64
102.71
0.07%
     
Brent (USD/bbl)    
118.24
118.30
0.05%
     
Arab Light (USD/bbl)    
118.03
117.91
-0.10%

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
48,598.61
48,512.90
0.18%
Rice IRRI -6(Rs/100kg)
3,401.00
3,427.00
-0.76%
KCA Cotton (Rs/mound)
5,850.00
5,700.00
0.86%
International
Current
Previous
Change
Coal Spot(USD/ton)
102.40
104.40
-1.92%
Gold Futures(USD/oz)
1,644.90
1,641.50
0.21%
Sugar 11 (USD/lb)
21.77
22.01
-1.09%
Steel (USD/ton)
695.14
695.70
-0.08%
Wheat (CBT) (USD/bu)
630.00
615.75
2.31%
PTA (USD/ton)
1,165.00
1,170.00
-0.43%
Copper (USD/ton)
8,094.00
8,138.00
-0.54%

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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.