BasedLine

Date: 23-April-2012
KSE-100 Index
Previous Index 13,929.47
Current Index 13,936.48
Change % 0.05%
YTD (CY11) 22.81%
YTD (FY12) 11.53%
KSE-100 Index
Previous Index 24,061.12
Current Index 24,118.81
Change % 0.24%
YTD (CY11) 19.77%
YTD (FY12) 15.20%
International Indicators
 
Close
%age
BSE-30 17,373.84 -0.74
HANGSENG 21,010.64 0.07
NIKKEI 225 9,561.36 -0.28
FTSE 5,772.15 0.48
DJIA 13,029.26 0.50
SSEC 2,402.30 -0.17
NASDAQ 3,000.45 -0.24
 
Close
%age
TASI 7,581.16 -0.48
KSE(Kuwait) 6,302.90 0.61
BSE 1,156.67 -0.23
MSM 5,970.32 -0.56
ADX 2,495.78 -0.18
DFM 1,650.20 0.73
QSE 8,702.61 0.74
Capital Market Overview

Weekly Review: Despite gains, KSE-100 fails to breach 14,000 points barrier

The stock market witnessed a relatively muted week: the benchmark KSE-100 index made steady gains, but failed to cross the 14,000 point barrier, ending with gains of 137 points (1%) to close at 13,936 points for the week ended April 21. more... (ET)

NAVs and Returns
as of April 20, 2012
Funds Offer Redemption
POGSF
10.2940/-
10.2940/-
YTD Return
10.78%
POAIIF
53.1508/-
52.6193/-
YTD Return
11.56%
POAAAF
53.15/-
51.82/-
YTD Return
2.57%
POIAAF
61.45/-
59.91/-
YTD Return
14.66%
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) 330.78 360.15 -8.15%
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
38.20
3,285
182.60
6.46
22.81%
KSE30
7.51
646
93.54
4.86
20.08%
KMI30
5.48
471
44.37
3.05
19.77%
KSE All
41.51
3,570
307.93
7.48
24.70%
April 20 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
171.42
117.94
-13.99%
OGDC
16.35
163.58
148.33
6.92%
UBL
2.00
81.07
45.36
30.95%
LUCK
1.70
133.29
38.56
88.16%
April 20 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
8.84
-32.93
-24.09
Foreign Corporates
7,961.25
-4,138.17
3,823.08
Overseas Pakistani
771.56
-583.36
188.20
Grand Total
8,741.65
-4,754.46
3,987.20
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
19-April-12
20-April-12
Change
Gross Buy
256.74
-13.53%
60.25
-2.90%
7.35
8.74
18.90%
Gross Sell
-231.23
-4.46%
-51.24
12.56%
-3.89
-4.75
22.33%
Net Buy/(Sell)
24.93
-55.60%
8.80
-45.50%
3.47
3.99
15.05%
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

World Bank allocates $1.8b for Pakistan this year

The World Bank has allocated an unprecedented amount of $1.8 billion for Pakistan’s development projects in the energy and water sectors. more... (ET)

Provinces to get Rs250bn more

The federal government is considering to transfer to the provinces Rs1,520 billion under the 7th National Finance Commission (NFC) Award as revenue share and grants in the next financial year starting July 1, 2012. more... (TFD)

New programme?: Mounting foreign debt may need IMF’s helping hand

Pakistan may opt for another International Monetary Fund (IMF) monetary package, after the lender raised concerns over the country’s ability to repay foreign debts in the next financial year. more... (ET)

Foreigners invest $8.15mn in bourse

Last week bourses attracted fresh net inflow of $8.15 million, as per the National Clearing Company of Pakistan Limited (NCCPL) data. Furthermore, foreign portfolio investment (FPI) hiked by 254 per cent week on week basis (WoW) compared with $2.30 million witnessed in week ended on 13th April 2012. more... (TFD)

Company & Sector Update

Automobile production goes up in 8-month

The Production of cars and jeeps increased by 11.29 percent during the first eight months of the current fiscal year (2011-12) as compared to the production during the corresponding period of last year. more..(BR)

Import of textile machinery: Law & order, energy crisis cause 59pc cut

The import of textile machinery has slumped by 59 percent during March this year due to the phenomenal decrease in textile exports and output capacity caused by the country's worst law and order situation coupled with severe energy crisis. more... (BR)

OGDC’s dormant fields: Centre moves to cancel gas allocation for Sindh

The central government has decided to cancel the gas allocation to Sindh from dormant fields of the Oil and Gas Development Company (OGDC), a move that will save the company from a loss of over Rs5 billion per annum. more... (ET)

Insurers playing down crop insurance claims

Most of the insurance companies in Sindh are reportedly refusing to pay full amount against crop insurance claims of growers whom crops were perished by heavy rains of last year. more... (TFD)

Political

Treaty on hold: Musharraf’s expulsion hits capital roadblock

Efforts to have former President Pervez Musharraf extradited to Pakistan from the United Kingdom have hit a roadblock as the possibility of capital punishment impedes the formulation of an agreement between the two countries. more... (ET)

Balochistan unrest: PTI president urges self-exiled leaders to return

The Pakistan Tehreek-e-Insaaf (PTI) President Javed Hashmi said that the people of Balochistan are compelled to escape from Pakistan if they continue to be targeted. more... (ET)

Iran reopens trade gate on Pak border

The Iran government reopened Zero-Point trade gate at Pak-Iran border in Taftan area of the Chaghai district on Sunday. A Levies official said that the Iranian border forces had closed Zero-Point trade gate for trade activities four weeks ago due to Eid-Nauroz. more... (DT)

Pakistan and Saudi Arabia pledge to expand ties

Pakistan and Saudi Arabia on Sunday vowed to further expand their trade and investment relations as Pakistani Finance Minister Abdul Hafeez Shaikh met with his Saudi counterpart here during the annual IMF-World Bank spring gathering. more... (D)

GCC

Qatar sovereign fund exceeds $100 billion: top official

The assets under management by the sovereign wealth fund (SWF) of gas-rich Qatar have far exceeded $100 billion, Qatar Investment Authority board member executive Hussein al-Abdulla said Sunday. more... (Zawya)

Aldar chief says group in healthy financial position

Aldar Properties, the largest developer of commercial properties in Abu Dhabi, does not need further financial help, Mohammad Al Mubarak, deputy CEO, told Gulf News yesterday. more... (Zawya)

Egypt halts gas supplies to Israel

Egypt has terminated its longstanding agreement to supply natural gas to Israel, according to companies on both sides of East Mediterranean Gas, the joint venture that operates the pipeline between the two countries. more. (Zawya)

Kuwait inflation climbs to four-month high

Kuwait's annual inflation edged up to a four-month high of 4.1 per cent in March as food costs surged in their fastest monthly pace in more than a year, data showed yesterday, fuelled by more expensive food globally and domestic strikes. more... (Gulf News)

Quote of the Day:

"Know or listen to those who know. " Baltasar Gracian




 
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
20-Apr-12
19-Apr-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
84.87
0.03%
12.07%
12.07%
-0.60
     
20-Apr-12
19-Apr-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
876.97
901.54
-24.57

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.55
11.69
11.75
11.85
Offer
12.05
11.94
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
11.75
11.75
11.90
11.95
Low  
11.75
11.65
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
120.20
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
0.92
1.71
1.96
2.18
3.77
8.54
13.23
Change bps
-2.00
2.00
0.00
3.00
-5.00
13.40
0.00

Commodities

     
20-Apr-12
23-Apr-12
change
WTI (USD/bbl)    
102.71
103.74
1.00%
     
Brent (USD/bbl)    
118.30
118.78
0.41%
     
Arab Light (USD/bbl)    
117.91
118.63
0.61%

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
48,598.61
-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)
1,642.60
1,644.90
-0.14%
Sugar 11 (USD/lb)
21.55
21.77
-1.01%
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.