BasedLine

Date: 26-April-2012
KSE-100 Index
Previous Index 14,132.59
Current Index 14,217.74
Change % 0.60%
YTD (CY11) 25.29%
YTD (FY12) 13.78%
KSE-100 Index
Previous Index 24,406.67
Current Index 24,503.02
Change % 0.39%
YTD (CY11) 21.68%
YTD (FY12) 17.04%
International Indicators
 
Close
%age
BSE-30 17,151.29 -0.33
HANGSENG 20,646.29 -0.15
NIKKEI 225 9,561.01 0.98
FTSE 5,718.89 0.16
DJIA 13,090.72 0.69
SSEC 2,401.83 -0.21
NASDAQ 3,029.63 2.30
 
Close
%age
TASI 7,541.54 0.39
KSE(Kuwait) 6,336.50 0.14
BSE 1,147.59 -0.04
MSM 5,913.85 -0.65
ADX 2,512.19 0.28
DFM 1,660.26 -0.59
QSE 8,652.87 -0.13
Capital Market Overview

Market Watch: Stocks close positive on signing of CGT ordinance

Investors breathed easier on Wednesday after reports that the long-awaited capital gains tax ordinance was finally signed by President Asif Ali Zardari; giving some certainty to investors over the issue. The bill is due to be tabled before the National Assembly on May 25. more... (ET)

NAVs and Returns
as of April 25, 2012
Funds Offer Redemption
POGSF
10.3065/-
10.3065/-
YTD Return
10.74%
POAIIF
53.2099/-
52.6778/-
YTD Return
11.50%
POAAAF
54.11/-
52.76/-
YTD Return
4.43%
POIAAF
61.52/-
59.98/-
YTD Return
14.79%
POAF
11.25/-
YTD Return
11.09%
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
38.97
3,352
190.62
7.89
25.29%
KSE30
7.66
659
119.87
6.85
22.53%
KMI30
5.56
478
78.20
4.68
21.68%
KSE All
42.26
3,635
306.80
8.69
27.00%
April 24 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
179.32
117.94
-10.03%
OGDC
16.35
166.63
148.33
8.92%
UBL
2.00
86.40
45.36
39.56%
LUCK
1.70
133.33
38.56
88.21%
April 24 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
621.71
-247.80
373.92
Foreign Corporates
8,773.65
-3,150.47
5,623.18
Overseas Pakistani
776.28
-804.80
-28.52
Grand Total
10,171.64
-4,203.07
5,968.58
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
24-April-12
25-April-12
Change
Gross Buy
275.80
-7.44%
79.31
27.83%
7.84
10.17
29.70%
Gross Sell
-245.02
1.19%
-65.03
42.84%
-8.90
-4.20
52.78%
Net Buy/(Sell)
30.10
-47.31%
13.96
-13.55%
-1.06
5.97
663.78%
S.C.R.A
Country
During the Period FY12TD
20-04-2012
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
12.80
-
-
15.59
-
-
-2.79
0.18
-
0.18
Luxembourg
30.22
-
-
33.00
-
-
-28.27
0.09
-
0.09
Switzerland
35.13
0.91
-
33.71
1.27
-
1.06
4.13
0.01
4.12
UAE
7.43
0.52
-
3.89
4.46
-
-0.93
-
-
-
UK
58.73
18.13
-
139.51
0.29
3.47
-66.45
0.87
1.77
-0.90
USA
164.56
-
-
257.28
-
19.06
-111.77
1.71
2.24
-0.53
Total
367.19
22.24
-
557.48
8.71
29.22
-206.54
7.27
4.02
3.25
News Clippings
Economy

USAID to cut down over 100 projects in Pakistan: Thier

The number of programmes funded by the USAID in Pakistan will be cut down to 35 from 150 by 2013, senior USAID official Alex Thier revealed — adding that the reduction will not affect the funding numbers. more... (ET)

Power tariff up by Rs 2.38 per unit

The government on Wednesday announced a massive hike of up to Rs 2.38 per unit in power tariff against fuel adjustment charges for the months of February and March.Increase in power prices will not be applicable to Karachi Electric Supply Company (KESC) consumers.
more... (DT)

One step closer: State Bank of India prepares to open branches in Pakistan

After 45 years of shutting its service in Karachi and Lahore, the State Bank of India is looking forward to visiting and working in Pakistan again after the two countries agreed in principle to allow banks from both sides to open branches across the borders. more... (ET)

ADB Annual Report 2011

Pakistan has been ranked at third among the top recipients of financing from the Asian Development Bank (ADB) including co-financing, ADB Annual Report 2011 said on Wednesday. more... (DT)

Company & Sector Update

Pakistan Petroleum profits soar 33% to Rs32 billion

Pakistan Petroleum profits rose 33% to Rs32.27 billion in the period from July 2011 to March 2012 amid better performance across the board. more..(ET)

PTCL earns net profit of Rs 1.4 billion in Q3FY12

The Pakistan Telecommunications Company Limited (PTCL) has gained net profit of Rs 1.4 billion in its third quarter earnings for fiscal year 2011-12 for the period ending on March 31, 2012, showing a growth of 11.3 percent in revenue. more... (DT)

OGDC slashes LPG price by Rs7,000 per ton

The Oil and Gas Development Company Limited (OGDCL) has reduced its base stock price of LPG by Rs7,000 per ton due to depressed sales.
more... (ET)

SECP approves regulations for index option contracts at KSE

Securities and Exchange Commission of Pakistan (SECP) has approved the Regulations Governing Index Option Contracts of the Karachi Stock Exchange (KSE). more... (DT)

Political

Verdict out: SC convicts Gilani of contempt

The Supreme Court of Pakistan convicted Prime Minister Yousaf Raza Gilani on Thursday during the announcement of a verdict in the contempt proceedings against him and sentenced him till the rising of court, Express News reported. more... (ET)

US eyes options to restart Afghan peace talks

US President Barack Obama’s administration, seeking to revive stalled Afghan peace talks, may alter plans to transfer Taliban detainees from Guantanamo Bay prison after its initial proposal fell foul of political opponents at home and the insurgents themselves. more... (DT)

SC petition: Govt challenges RPPs verdict

The Supreme Court’s verdict on Rental Power Projects (RPPs) has been challenged by the government.The government justified the use of rental plants as a short-term measure, saying their induction would have helped in bridging the energy deficit. more... (ET)

Nadeem Afzal Chan elected PAC chairman

PPP MNA Nadeem Afzal Chan has been elected chairman of the Public Accounts Committee (PAC) unopposed. The PAC met at the Parliament House on Wednesday and elected Chan as its new chairman. more... (DT)

GCC

UAE controlled 17% of 2010 Arab GDP

The UAE accounted for nearly 17 per cent of the combined Arab GDP in 2010 and controlled around a third of the total economy of Gulf hydrocarbon producers, according to official data. more... (Zawya)

Penalty set for firms with excess foreign workers

All companies in the private sector would have to make a non-refundable monthly payment of SR200 to the Human Resources Development Fund ( Hadaf ) for every foreign worker who is in excess over the number of Saudi employees, local daily Al-Madinah reported Monday quoting an official source. more... (Zawya)

Banking stocks lift Abu Dhabi after Q1; Gulf bourses mixed

Abu Dhabi’s heavyweight banks gained yesterday after posting above-estimate earnings, lifting the emirate’s index, while other Gulf markets were mixed. more. (Gulf Base)

Deal signed to document Kingdom's oil history

Saudi Aramco and King Abdul Aziz Foundation signed an agreement in Riyadh yesterday in the presence of Defense Minister Prince Salman, who is the foundation’s chairman, to document the history of the Kingdom’s oil industry and support the historical content of King Abdul Aziz International Cultural Center. more... (Gulf Base)

Quote of the Day:

"Failure is simply the opportunity to begin again, this time more intelligently." Henry Ford



 
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
25-Apr-12
24-Apr-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
85.49
0.59%
11.86%
12.03%
-17.20
     
25-Apr-12
24-Apr-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
862.55
868.14
-5.60

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.55
11.70
11.77
11.86
Offer
12.05
11.95
12.02
12.36

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  
11.80
11.60
11.65
11.65
11.75
11.85

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
91.70
121.00
1.13
147.60
24.85
1.06
0.73

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.85
11.93
11.98
Last Cut Off.
11.87
11.94
11.94
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
13.00
12.98
12.94
12.94
10 Y-PIB
13.26
13.24
13.26
13.20

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.92
1.74
1.98
2.76
3.71
8.63
13.24
Change bps
0.00
10.00
6.00
64.00
5.00
6.10
-2.00

Commodities

     
25-Apr-12
26-Apr-12
change
WTI (USD/bbl)    
103.73
104.07
0.33%
     
Brent (USD/bbl)    
118.33
119.03
0.59%
     
Arab Light (USD/bbl)    
117.23
118.09
0.73%

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)
440.25
442.88
-0.59%
Urea Fertilizer (Rs/bag)
1,793.33
1,797.50
-0.23%
Gold 24cr (Rs./10gm) Khi
48,791.46
48,684.32
0.22%
Rice IRRI -6(Rs/100kg)
3,498.00
3,474.00
0.69%
KCA Cotton (Rs/mound)
6,300.00
6,100.00
3.28%
International
Current
Previous
Change
Coal Spot(USD/ton)
101.55
102.40
-0.83%
Gold Futures(USD/oz)
1,646.90
1,642.70
0.26%
Sugar 11 (USD/lb)
21.61
21.54
0.32%
Steel (USD/ton)
692.71
693.34
-0.09%
Wheat (CBT) (USD/bu)
626.00
632.00
-0.95%
PTA (USD/ton)
1,170.00
1,165.00
0.43%
Copper (USD/ton)
8,304.00
8,258.00
0.56%

Kindly Click here for PDF Version

(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.