BasedLine

Date: 30-April-2012
KSE-100 Index
Previous Index 14,066.09
Current Index 14,042.77
Change % -0.17%
YTD (CY11) 23.75%
YTD (FY12) 12.38%
KSE-100 Index
Previous Index 24,348.01
Current Index 24,343.78
Change % -0.02%
YTD (CY11) 20.89%
YTD (FY12) 16.28%
International Indicators
 
Close
%age
BSE-30 17,134.25 0.02
HANGSENG 20,741.45 -0.33
NIKKEI 225 9,520.89 -0.43
FTSE 5,777.11 0.49
DJIA 13,228.31 0.18
SSEC 2,396.32 -0.35
NASDAQ 3,069.20 0.61
 
Close
%age
TASI 7,555.77 -0.68
KSE(Kuwait) 6,336.50 -0.01
BSE 1,148.50 0.28
MSM 5,870.75 0.54
ADX 2,512.17 0.17
DFM 1,639.44 -0.75
QSE 8,687.83 0.30
Capital Market Overview

Weekly Review: KSE-100 finally crosses 14,000 points

After weeks of flirting with the 14,000 point psychological barrier, the benchmark KSE-100 index finally managed to break through following the signing of the much-awaited Capital Gains Tax Ordinance by the President. more... (ET)

NAVs and Returns
as of April 27, 2012
Funds Offer Redemption
POGSF
10.3109/-
10.3109/-
YTD Return
10.72%
POAIIF
53.2334/-
52.7011/-
YTD Return
11.47%
POAAAF
52.81/-
51.49/-
YTD Return
1.92%
POIAAF
60.33/-
58.82/-
YTD Return
12.57%
POAF
11.25/-
YTD Return
11.08%
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
38.49
3,310
131.73
5.24
23.75%
KSE30
7.58
652
70.74
4.16
21.29%
KMI30
5.53
476
41.83
2.73
20.89%
KSE All
41.59
3,576
196.16
5.65
25.36%
April 27 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
174.54
118.08
-12.42%
OGDC
17.50
166.93
158.95
9.11%
UBL
2.00
84.57
45.42
36.60%
LUCK
1.70
130.48
38.60
84.19%
April 27, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
183.86
-100.81
83.05
Foreign Corporates
7,079.56
-1,327.11
5,752.45
Overseas Pakistani
882.74
-598.77
283.98
Grand Total
8,146.17
-2,026.68
6,119.48
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
26-April-12
27-April-12
Change
Gross Buy
291.02
-5.06%
94.53
29.19%
7.43
8.15
9.69%
Gross Sell
-252.39
3.86%
-72.40
30.21%
-5.51
-2.03
63.23%
Net Buy/(Sell)
37.77
-161.12%
21.64
25.99%
1.91
6.12
219.56%
S.C.R.A
Country
During the Period FY12TD
26-04-2012
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

Double-counting: GDP overestimated, may be slashed by 10%

Pakistan’s economy was reported to stand at Rs21 trillion this year – except, it may not have been.The size of the country’s economy will shrink by up to Rs2.5 trillion, or roughly 10%. more... (ET)

Power shortfall crosses 4,000MW

Power shortfall has crossed 4,000MW with rise in temperature amidst short supply of fuel to thermal and water to hydel generation. Power generation remained stagnant but the demand kept on rising that hit the supply side hard. more... (BR)

Trade with India not at cost of local industry: Shujaat

Pakistan Muslim League-Quaid (PML-Q) chief Chaudhry Shujaat Hussain on Sunday said enhanced trade with India was a preference of the government, but it would not be pursued at the cost of local industry. more... (DT)

Plan to do away with duty waivers in budget

The government is considering imposing in the 2012-13 budget minimal taxes on products, raw materials and machinery that are currently being imported without duty, thus doing away with protection provided to some industries flourishing at the cost of consumers. more... (D)

Company & Sector Update

From manufacturing to branding: Garment manufacturers operate with squeezed margins

If we draw a list of countries where the largest apparel brands of the United States and Europe run their overseas manufacturing operations, Pakistan’s name will likely be at the top. more..(ET)

Solution to energy crisis lies in short, long-term measures

Being dissatisfied with government’s efforts to resolve the energy crisis, experts stress that the solution lies in taking short and long-term measures simultaneously as the energy shortage could lead to food insecurity. more... (ET)

Over 40pc Pak textile units relocate to Bangladesh

Having a Gross Domestic Product (GDP) of $282.5 billion in Purchasing Power Parity terms and having experienced a growth rate of 6.3 percent during 2011, Bangladesh has been given tax-free access to 37 countries including the European Union, Canada and Australia. more... (TN)

Nine LOIs issued to produce 228 MW solar electricity

Ministry of Water and Power has issued nine Letters of Intent (LOIs) to different Solar Independent Power Producers (IPPs) to produce cumulative capacity of 228 MW electricity. more... (D)

Political

Senate session today: PPP to move resolution in support of PM

The Pakistan Peoples Party plans to move a resolution in the Senate calling upon Yousaf Raza Gilani to continue as prime minister despite his recent conviction by the Supreme Court and subsequent calls by opposition parties for his resignation. more... (ET)

Revival of Silk Route to benefit Pakistan: Chinese minister

Revival of the ancient Silk Route can benefit Pakistan’s ailing economy, if the country upgrades its infrastructure along modern lines, says a Chinese minister. more... (ET)

PPP, PML-N on collision course again

The on-again, off-again confrontation between the two major political parties, the PPP and PML-N, has returned in all its ugliness, mudslinging and tit-for-tat attacks. more... (D)

Supreme Court justifies dispatching its orders in PM’s case

Supreme Court Registrar Dr Faqir Hussain on Sunday clarified that dispatching of orders in the prime minister’s contempt of court case to the National Assembly speaker was in accordance with the court’s regular practice under the Supreme Court Rules 1980 and there was nothing improper in following that procedure. more... (DT)

GCC

MENA needs $250 bn for power sector

Gulf oil producers and other countries in the Middle East and North Africa (MENA) need to pump nearly $250 billion in the next five years to expand their power sector and face a rapid growth in domestic demand. more... (Zawya)

Abu Dhabi seeks US investment in industrial zones

Abu Dhabi’s top businessmen have invited US companies to invest in its booming industrial zones. Headed by Mohammed Thani Al Rumeithi, President of the Abu Dhabi Chamber of Commerce and Industry, the ADCCI delegation to the USA held a meeting with the President and the Board Members of the National US-Arab Chamber of Commerce. more... (Gulf Base)

Centrica considered Qatar gas supply deal

Centrica, the owner of British Gas, was prepared to give Qatar a stake in its business and a board seat in return for a 20-year gas supply deal worth up to £30bn, documents seen by the Financial Times reveal. more. (Zawya)

Hotels feel impact of Arab Spring

More than a year after the popular risings across the Arab world changed the region’s business outlook, hotel operators still believe in the investment potential of the Middle East, but expressed concern about the impact of rising Islamist parties on the tourism industry. more... (Zawya)

Quote of the Day:

"Do not pray for tasks equal to your powers. Pray for powers equal to your tasks. " Phillips Brooks




 
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
27-Apr-12
26-Apr-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
85.69
0.10%
11.79%
11.82%
-2.70
     
27-Apr-12
26-Apr-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
849.41
857.26
-7.86

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.52
11.70
11.77
11.87
Offer
12.02
11.95
12.02
12.37

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.60
11.60
11.09
11.80
11.90
11.95
Low  
10.50
11.50
11.65
11.65
11.75
11.85

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
91.65
121.00
1.13
148.00
24.85
1.06
0.73

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.84
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
12.98
12.94
10 Y-PIB
13.26
13.24
13.24
13.20

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.90
1.70
1.93
2.12
3.70
8.65
13.24
Change bps
-1.00
2.00
3.00
2.00
5.00
-0.90
0.00

Commodities

     
27-Apr-12
28-Apr-12
change
WTI (USD/bbl)    
104.12
104.79
0.64%
     
Brent (USD/bbl)    
119.50
119.60
0.08%
     
Arab Light (USD/bbl)    
119.09
119.25
0.13%

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)
442.38
440.25
0.43%
Urea Fertilizer (Rs/bag)
1,798.75
1,793.33
0.30%
Gold 24cr (Rs./10gm) Khi
49,155.74
48,941.46
0.44%
Rice IRRI -6(Rs/100kg)
3,442.03
3,497.00
-1.57%
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)
1,664.60
1,655.00
0.58%
Sugar 11 (USD/lb)
21.21
21.25
-0.19%
Steel (USD/ton)
689.06
692.71
-0.53%
Wheat (CBT) (USD/bu)
650.00
635.50
2.28%
PTA (USD/ton)
1,170.00
1,165.00
0.43%
Copper (USD/ton)
8,564.00
8,454.00
1.30%

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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.