BasedLine

Date: 27-April-2012
KSE-100 Index
Previous Index 14,217.74
Current Index 14,066.09
Change % -1.07%
YTD (CY11) 23.96%
YTD (FY12) 12.56%
KSE-100 Index
Previous Index 24,503.02
Current Index 24,348.01
Change % -0.63%
YTD (CY11) 20.91%
YTD (FY12) 16.30%
International Indicators
 
Close
%age
BSE-30 17,130.67 -0.12
HANGSENG 20,809.71 0.79
NIKKEI 225 9,561.83 0.01
FTSE 5,748.72 0.52
DJIA 13,204.62 0.87
SSEC 2,402.60 -0.09
NASDAQ 3,050.61 0.69
 
Close
%age
TASI 7,541.50 0.39
KSE(Kuwait) 6,337.00 0.01
BSE 1,145.24 -0.20
MSM 5,839.19 -1.26
ADX 2,507.90 -0.17
DFM 1,651.90 -0.50
QSE 8,661.46 0.10
Capital Market Overview

Market Watch: Stock market stumbles after PM’s conviction

The stock market remained jittery following the conviction of Prime Minister Yousaf Raza Gilani in the contempt of court proceedings against the premier.The Karachi Stock Exchange’s (KSE) benchmark 100-share index slipped 1.07% or 151.65 points to end at the 14,066.09 point level. more... (ET)

NAVs and Returns
as of April 26, 2012
Funds Offer Redemption
POGSF
10.3095/-
10.3095/-
YTD Return
10.74%
POAIIF
53.2216/-
52.6894/-
YTD Return
11.48%
POAAAF
53.01/-
51.68/-
YTD Return
2.30%
POIAAF
60.59/-
59.08/-
YTD Return
13.07%
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
38.56
3,316
182.55
6.99
23.96%
KSE30
7.59
653
92.70
5.44
21.43%
KMI30
5.53
476
66.24
3.96
20.91%
KSE All
41.66
3,583
270.53
7.58
25.61%
April 26 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
176.65
118.08
-11.36%
OGDC
17.50
167.17
158.95
9.27%
UBL
2.00
84.94
45.42
37.20%
LUCK
1.70
127.28
38.60
79.67%
April 26, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
40.61
-149.84
-109.23
Foreign Corporates
6,533.57
-4,159.70
2,373.86
Overseas Pakistani
852.43
-1,202.09
-349.65
Grand Total
7,426.61
-5,511.63
1,914.97
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
25-April-12
26-April-12
Change
Gross Buy
283.06
-5.45%
79.31
38.40%
10.17
7.43
-26.98%
Gross Sell
-250.40
3.09%
-65.03
51.12%
-4.20
-5.51
-31.23%
Net Buy/(Sell)
31.93
-44.76%
15.79
1.26%
5.97
1.91
-67.92%
S.C.R.A
Country
During the Period FY12TD
25-04-2012
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
-
-
-
Luxembourg
30.22
-
-
33.00
-
-
-28.27
-
-
-
Switzerland
35.15
0.91
-
33.71
1.27
-
1.07
0.02
-
0.02
UAE
7.43
0.52
-
3.97
4.46
-
-1.01
-
0.08
-0.08
UK
59.10
18.13
-
139.60
0.29
3.47
-66.18
0.37
0.10
0.27
USA
165.24
-
-
257.87
-
19.06
-111.68
0.68
0.59
0.09
Total
369.23
22.24
-
558.25
8.71
29.22
-205.27
2.04
0.78
1.27
News Clippings
Economy

Rs848b national development budget recommended

The Priorities Committee has recommended a Rs848 billion national development budget for the next financial year, which is 16.1% higher than the current budget, but still significantly lower than the demand of various ministries. more... (ET)

Short of expectations: Unemployment surges as growth falls short of target

Pakistan’s economy grew by 3.2%, which is much below the official target and the required growth rate, leaving at least 1.3 million people jobless this year. more... (ET)

Foreign exchange reserves fall to $16.42 billion

Pakistan's foreign exchange reserves fell to $16.42 billion in the week ending April 20, from $16.6 billion the previous week, the central bank said on Thursday. more... (BR)

Base year changed for accounts calculations

The base year for calculation of national accounts has been changed to depict the actual performance of economy and variables. Such a revision should be undertaken every five to seven years. more... (D)

Company & Sector Update

Lucky Cement profits and foreign projects double

Lucky Cement has managed to increase its profit by 90% to Rs4.69 billion in the current financial year despite production levels staying at the same levels as last year. more..(ET)

HUBCO profits rise 16% to Rs4.97b

Hub Power Company (Hubco), the largest independent power producer, profits surged by 16% in the first nine months of the current financial year on the back of higher revenues. more... (ET)

Fertiliser sales pick up, but still dismally low

Fertiliser sales continued to pick up in March 2012; total urea off-take was registered at 263,000 tons – down 37% year-on-year (YoY) but up by 65% month-on-month (MoM). more... (ET)

NBP signs alliance with Ria Financial Services

National Bank of Pakistan (NBP) has entered into a remittance agreement with Ria Financial Services, a wholly owned subsidiary of Euro net World-wide, Inc. more... (DT)

Political

Strategising: PML-N ready to play its trump cards

The main opposition party held on to its position on convicted Prime Minister Yousaf Raza Gilani with a new set of strategies, observers said. Earlier in the day, Pakistan Muslim League-Nawaz demanded an immediate resignation from Prime Minister Gilani. more... (ET)

Why didn’t the court jail the prime minister?

The Supreme Court’s verdict to punish Prime Minister Gilani till the rising of the court was an anti-climax for many. The punishment was over before it began. Prime Minister Gilani went straight to his office to chair a meeting of the Cabinet instead of landing in Adiala Jail. more... (ET)

Pakistan, US resume talks

A special US envoy met Pakistani government and army officers on Thursday in the federal capital in an effort to get the country to reopen American and NATO supply routes to Afghanistan. more... (DT)

Osama family deported to Saudi Arabia

The government says Osama bin Laden’s three widows and his children have been deported to Saudi Arabia. A statement said the family left early on Friday to the “country of their choice, Saudi Arabia”. more... (DT)

GCC

Dubai's $1.25B Sukuk 3.5 Times Oversubscribed, Strong Investor Interest

The government of Dubai on Thursday said that its two-tranche, $1.25 billion Islamic bond, or sukuk, was more than three-and-a-half times oversubscribed, attracting orders from more than 260 investors. more... (Zawya)

Dubai to lead UAE growth in 2013

The UAE’s GDP, the second largest in the Arab world, surged by 4.7 per cent in 2011 after recording 3.2 per cent growth in 2010 and 3.7 per cent contraction in 2009, said the study by the Washington-based Institute for international Finance (IIF). more... (Gulf Base)

Most Gulf bourses down; EFG-Hermes up on QInvest talks

Most Gulf bourses fell ahead of the weekend as investors, eyeing a string of on target earnings results, booked recent gains, while Egyptian investment bank EFG Hermes surged after a report it had finalised talks to sell a stake to Qatar’s QInvest. more. (Gulf Base)

SIBCO in key accord

Saudi Insulated Blocks Company (SIBCO), the specialist manufacturer of lightweight concrete, signed an agency agreement with Bahrain-based construction group Janada during gulfBID 2012. more... (Gulf Base)

Quote of the Day:

"Don't find fault, find a remedy. " 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 (Apr 13, 2012)
Rs811.83bn
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
26-Apr-12
25-Apr-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
85.61
0.14%
11.82%
11.86%
-3.90
     
26-Apr-12
25-Apr-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
857.26
862.55
-5.28

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.55
11.70
11.76
11.86
Offer
12.05
11.95
12.01
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
11.80
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
91.60
121.20
1.13
148.00
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
0.91
1.68
1.90
2.10
3.65
8.66
13.24
Change bps
-1.00
-6.00
-8.00
-66.00
-6.00
2.80
0.00

Commodities

     
26-Apr-12
27-Apr-12
change
WTI (USD/bbl)    
104.07
104.12
0.05%
     
Brent (USD/bbl)    
119.03
119.50
0.39%
     
Arab Light (USD/bbl)    
118.09
119.09
0.85%

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
48,941.46
48,791.46
0.31%
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)
1,655.00
1,646.90
0.49%
Sugar 11 (USD/lb)
21.25
21.61
-2.52%
Steel (USD/ton)
689.06
692.71
-0.53%
Wheat (CBT) (USD/bu)
635.50
626.00
1.52%
PTA (USD/ton)
1,170.00
1,165.00
0.43%
Copper (USD/ton)
8,454.00
8,304.00
1.81%

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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.