BasedLine

Date: 02-May-2012
KSE-100 Index
Previous Index 14,042.77
Current Index 13,990.38
Change % -0.37%
YTD (CY11) 23.29%
YTD (FY12) 11.96%
KSE-100 Index
Previous Index 24,343.78
Current Index 24,225.87
Change % -0.48%
YTD (CY11) 20.30%
YTD (FY12) 15.71%
International Indicators
 
Close
%age
BSE-30 17,318.81 0.76
HANGSENG 21,094.21 1.70
NIKKEI 225 9,350.95 -1.78
FTSE 5,812.23 1.30
DJIA 13,279.32 0.50
SSEC 2,434.09 1.58
NASDAQ 3,050.44 0.13
 
Close
%age
TASI 7,545.28 -0.17
KSE(Kuwait) 6,399.70 0.49
BSE 1,152.79 0.37
MSM 5,833.26 -0.61
ADX 2,504.78 0.04
DFM 1,623.52 -0.45
QSE 8,672.01 -0.36
Capital Market Overview

Market watch: Stocks lower as political, economic tensions prevail

The stock market plummeted on its Monday opening, but recovered some losses as the day progressed. The Karachi Stock Exchange’s (KSE) benchmark 100-share index shed 52.39 points to end at the 13,990.38 point level. more... (ET)

NAVs and Returns
as of April 30, 2012
Funds Offer Redemption
POGSF
B.C/-
B.C/-
YTD Return
n/a
POAIIF
B.C/-
B.C/-
YTD Return
n/a
POAAAF
52.67/-
51.35/-
YTD Return
1.64%
POIAAF
60.10/-
58.60/-
YTD Return
12.15%
POAF
11.24/-
YTD Return
10.97%
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
38.35
3,298
103.29
3.43
23.29%
KSE30
7.52
647
39.15
2.38
20.37%
KMI30
5.50
473
24.96
1.67
20.30%
KSE All
41.44
3,564
164.07
3.86
24.89%
April 30 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
172.11
118.42
-13.64%
OGDC
17.50
166.97
159.41
9.14%
UBL
2.00
85.31
45.55
37.80%
LUCK
1.70
130.23
38.71
83.84%
April 30, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
21.18
-29.86
-8.68
Foreign Corporates
2,503.82
-2,566.44
-62.63
Overseas Pakistani
1,009.85
-496.51
513.34
Grand Total
3,534.85
-3,092.81
442.03
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
27-April-12
30-April-12
Change
Gross Buy
294.47
-3.94%
97.98
29.08%
8.15
3.53
-56.61%
Gross Sell
-255.41
-2.71%
-75.42
12.04%
-2.03
3.09
52.60%
Net Buy/(Sell)
38.19
-15.18%
22.06
162.47%
6.12
0.44
-92.78%
S.C.R.A
Country
During the Period FY12TD
27-04-2012
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
-
-
15.63
-
-
-2.82
-
0.04
-0.04
Luxembourg
31.90
-
-
33.00
-
-
-29.51
-
0.90
-2.90
Switzerland
38.55
0.91
-
33.71
1.27
-
4.47
2.75
-
2.75
UAE
7.43
0.52
-
3.97
4.46
-
-1.01
-
-
-
UK
65.22
18.13
-
140.20
0.29
3.47
-60.67
2.80
0.47
2.33
USA
166.24
-
-
261.24
-
19.06
-114.05
0.59
1.11
0.52
Total
383.53
22.24
-
568.04
8.71
29.22
-200.77
7.46
4.52
2.94
News Clippings
Economy

Strategic retreat: Tax collection target revised downwards

The government has revised the tax target to Rs1.929 trillion, Rs23 billion less than budgetary projections after Federal Board of Revenue failed to hit monthly goalposts for consecutive two months. more... (ET)

Federal treasury: State Bank’s ‘hidden liabilities’ swell to $2.1b

The hidden liabilities of the State Bank of Pakistan (SBP) due to massive exposure to forward contracts have swelled to $2.1 billion that will have to be paid within a year and may bring down the foreign exchange reserves, putting the rupee under pressure. more... (ET)

‘India willing to invest at least $20b in Pakistan’

Indian investors have shown willingness to invest $20 billion to 50 billion in Pakistan’s mining, petroleum, energy, power and infrastructure projects. more... (ET)

Budget 2012-13: ST on raw material import may be halved

The federal government is seriously considering 50 percent reduction in the standard rate of 16 percent sales tax to 8 percent on the import of raw materials and inputs consumed by local industries and manufacturers in the upcoming budget (2012-13). more... (BR)

Company & Sector Update

Circular debt: Independent power producers feel the heat

Independent power producers have warned of power outages to increase in the coming days as operational levels drop and cash flows dry up. The government’s failure to provide payments to IPPs as per agreements has made day-to-day operations difficult, said higher officials of IPP’s. more..(ET)

Corporate results: Fatima Fertilizer performs better than peers

Fatima Fertilizer Company – the new player on the block – has managed to stay in the green zone at a time when most of the old guns could not amid gloomy days for the industry. more... (ET)

Pharma firms seek 50-60 percent price hike

Already hit by high inflation, ailing Pakistanis are in for another price shock, as some multinational pharmaceutical companies have sent a file to the Cabinet, requesting 50-60 percent rise in prices of some medicines. more... (BR)

‘CGT ordinance not an amnesty scheme,’ say tax experts

Market analysts and taxation experts said on Monday that the presidential ordinance which came into effect on April 24 – which allows stock market investors to conceal the sources of their investment for the next two years – could not be termed an ‘amnesty scheme’ for money launderers who wish to whiten their ill-gotten money. more... (ET)

Political

Punjab govt’s long march unacceptable: Gilani

Prime Minister Yousaf Raza Gilani on Tuesday said no province could launch a long march against the federal government as it was unconstitutional and unjustified, and would amount to treason. more... (DT)

Sidelined: Babar Awan stripped of all PPP posts

Former law minister Senator Babar Awan’s days as a Pakistan Peoples Party (PPP) member seem numbered. In a telling blow to Awan, the party leadership on Tuesday decided to take away his last official post within the party fold. more... (ET)

Trade talks with India postponed

The third round of commerce secretary-level talks between Pakistan and India has reportedly been deferred indefinitely, sources told Business Recorder on Tuesday. more... (BR)

PPP, PML-N interpret Kayani remarks to own advantage

Military chief General Ashfaq Pervez Kayani’s statement the day before asking all institutions to operate within the paradigms of the constitution has been lauded by all the political parties. more... (ET)

GCC

Foreign direct investment hits $60b

Foreign direct investment in the UAE clocked in at $60 billion (Dh220 billion) over the past five years, while investments made by the country abroad amount to $327 billion, Shaikha Lubna Al Qasimi, Minister of Foreign Trade, said yesterday. more... (Zawya)

Saudi consumer spending up

Saudi Arabia’s economy remained healthy, Jadwa Investment said Tuesday in its monthly chart-based review of the Kingdom’s latest economic and stock market data. It said indicators of consumer spending picked up. more... (Gulf Base)

‘Snail-pace’ reforms hit fund flows into GCC

The ‘snail-pace’ reforms of corporate and commercial laws in the Gulf region has led to an “opaque” framework for foreign ownerships, hence appropriate revision in legislations to attract more foreign investments is required, according to a study sponsored by the Qatar Financial Centre Authority (QFCA). more. (Gulf Base)

Sharjah's new mega eco tourism project to create 5,000 jobs

The emirate of Sharjah has announced a multi-billion eco-tourism project in the city of Kalba, which is expected to draw in private investments of over Dh1billion, with 5,000 new jobs created over six years. more... (Zawya)

Quote of the Day:

"Effective leadership is putting first things first. Effective management is discipline, carrying it out." Stephen Covey




 
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 13, 2012)
$16.60 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
30-Apr-12
27-Apr-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
85.82
0.15%
11.75%
11.79%
-4.30
     
30-Apr-12
27-Apr-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
832.95
849.41
-16.46

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.53
11.70
11.76
11.86
Offer
12.03
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
11.09
11.80
11.90
11.95
Low  
11.60
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
91.65
121.00
1.13
148.00
24.85
1.00
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
0.88
1.66
1.95
2.10
3.62
8.67
13.24
Change bps
-2.00
-4.00
2.00
-2.00
-8.00
2.40
0.00

Commodities

     
27-Apr-12
30-Apr-12
change
WTI (USD/bbl)    
104.79
105.96
1.12%
     
Brent (USD/bbl)    
119.60
119.50
-0.08%
     
Arab Light (USD/bbl)    
119.25
119.48
0.19%

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
49,027.17
49,155.74
-0.26%
Rice IRRI -6(Rs/100kg)
3,492.00
3,442.03
1.45%
KCA Cotton (Rs/mound)
6,300.00
6,100.00
3.28%
International
Current
Previous
Change
Coal Spot(USD/ton)
99.95
101.55
-1.58%
Gold Futures(USD/oz)
1,660.40
1,664.60
-0.25%
Sugar 11 (USD/lb)
20.95
21.21
-1.23%
Steel (USD/ton)
689.06
692.71
-0.53%
Wheat (CBT) (USD/bu)
654.50
650.00
0.69%
PTA (USD/ton)
1,165.00
1,170.00
-0.43%
Copper (USD/ton)
8,534.00
8,464.00
-0.34%

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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.