BasedLine

Date: 03-May-2012
KSE-100 Index
Previous Index 13,990.38
Current Index 14,142.52
Change % 1.09%
YTD (CY11) 24.63%
YTD (FY12) 13.18%
KSE-100 Index
Previous Index 24,225.87
Current Index 24,431.70
Change % 0.85%
YTD (CY11) 21.32%
YTD (FY12) 16.70%
International Indicators
 
Close
%age
BSE-30 17,301.91 -0.10
HANGSENG 21,309.08 1.02
NIKKEI 225 9,380.25 0.31
FTSE 5,758.11 -0.93
DJIA 13,266.57 -0.08
SSEC 2,429.49 -0.37
NASDAQ 3,059.85 0.31
 
Close
%age
TASI 7,545.91 0.01
KSE(Kuwait) 6,440.90 0.64
BSE 1,150.73 -0.18
MSM 5,852.20 0.32
ADX 2,505.54 0.03
DFM 1,596.92 -1.64
QSE 8,666.24 -0.07
Capital Market Overview

Market watch: Stocks open May on positive note

The stock market kicked-off May on a strong note, with the index rising healthily on the opening day of trading for the month.The Karachi Stock Exchange’s (KSE) benchmark 100-share index surged 1.09% or 152.14 points to end at the 14,142.52 point level. more... (ET)

NAVs and Returns
as of May 02, 2012
Funds Offer Redemption
POGSF
10.0739/-
10.0739/-
YTD Return
10.68%
POAIIF
51.9570/-
51.4374/-
YTD Return
11.42%
POAAAF
53.94/-
52.59/-
YTD Return
4.10%
POIAAF
60.74/-
59.22/-
YTD Return
13.34%
POAF
11.24/-
YTD Return
10.78%
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
38.77
3,334
160.70
5.55
24.63%
KSE30
7.59
653
78.47
4.12
21.49%
KMI30
5.55
477
46.95
2.65
21.32%
KSE All
41.93
3,606
246.39
6.21
26.33%
May 02 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
174.73
118.42
-12.33%
OGDC
17.50
165.02
159.41
7.86%
UBL
2.00
85.76
45.55
38.52%
LUCK
1.70
132.87
38.71
87.56%
May 02, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
32.32
-29.75
2.57
Foreign Corporates
11,481.62
-3,475.51
8,006.11
Overseas Pakistani
1,101.25
-552.56
548.69
Grand Total
12,615.19
-4,057.82
8,557.37
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
30-April-12
02-May-12
Change
Gross Buy
306.80
-1.79%
12.33
347.25%
3.53
12.62
256.88%
Gross Sell
-259.37
-1.37%
-3.97
32.63%
-3.09
-4.06
-31.20%
Net Buy/(Sell)
46.37
-8.30%
8.18
-3683.26%
0.44
8.56
1835.90%
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
12.86
-
-
15.63
-
-
-1.77
1.06
-
1.06
Luxembourg
33.91
-
-
33.00
-
-
-27.50
2.02
0.01
2.01
Switzerland
38.94
0.91
-
33.71
1.27
-
4.86
0.38
-
0.38
UAE
7.43
0.52
-
3.97
4.46
-
-1.01
-
-
-
UK
66.68
18.13
-
141.65
0.29
3.47
-60.66
1.46
1.45
0.01
USA
168.41
-
-
261.69
-
19.06
-112.33
2.17
0.45
1.72
Total
390.84
22.24
-
569.95
8.71
29.22
-195.37
7.31
1.90
5.41
News Clippings
Economy

Turning up the heat: Inflation soars to eight month high

The increase in fuel prices have stoked inflation which clocked in at 11.3% in April, the highest level in eight months, according to the latest official statistics released on Wednesday. more... (ET)

Phasing out presumptive taxes: Tax rates may jump by 20% to 100%

Income tax rates are likely to be increased in the range of 20% to 100% for people currently availing of presumptive tax regime in a bid to discourage the use of the special facility that basically allows the very rich not to file income tax returns while paying a nominal tax. more... (ET)

IMF SBA: Pakistan to repay 2nd instalment later this month

Pakistan will pay the second installment of around $400 million of the Stand-By Arrangement (SBA) to International Monetary Fund (IMF) in the last week of May 2012. more... (BR)

Deliberations on proposed budget 2012-13 today

The National Assembly’s Standing Committee on Finance is set to start deliberations on the proposed budget 2012-13 with an aim to contain fiscal deficit at 4.2 percent of the gross domestic product (GDP) in its meeting scheduled at the Ministry of Finance on Thursday (today). more... (DT)

Company & Sector Update

Catching dust: Fate of UAE-gifted power plant still unclear

Despite the country’s dire need for increasing power generation, the fate of 320 megawatt (MW) power plant gifted by United Arab Emirates (UAE) hangs in the balance as the petroleum ministry refuses to allocate gas to operate the plant. more..(ET)

Textile industry upbeat in meeting export shortfall

Textile industry has potential to meet shortfall in exports, reaching $1 billion during first nine months of current fiscal against the corresponding period provided it was facilitated with uninterrupted energy supply and globally competitive interest rates. more... (DT)

Korea keen to produce 300MW electricity from solar energy

Korean have expressed their keen interest to invest in the solar power projects to produce 300 mw electricity in Pakistan in order to explore the solar potential and provide cheap electricity. more... (DT)

SECP facilitates modaraba sector

Keeping in view the practical difficulties reported by Modarabas, the Securities and Exchange Commission of Pakistan (SECP) has accepted the proposal of introducing a Short Form Ijarah (Lease) Agreement (SFIA) to be used in place of the model Ijarah (Lease) Agreement in the cases where more than one Ijarah transactions are involved with the same client. more... (DT)

Political

Pen friends: Rohrabacher writes letter to Gilani, calls Pakistan a 'failed state'

US Congressman Dana Rohrabacher has written a letter to Prime Minister Yousuf Raza Gilani, condemning the recent violence in Balochistan and has dubbed Pakistan a “failed state.” more... (ET)

MFN status to India will reconstruct region's economies, increase its stability: Zardari

President Asif Ali Zardari has said that granting the Most Favored Nation trading status to India was a paradigmatic shift in policy driven by the business sectors on both sides of the border. He said that the decision would reconstruct the region's economies and increase its stability. more... (BR)

PML-N disrupts parliament sessions over PM’s eligibility

Members of the Pakistan Muslim League – Nawaz (PML-N) disrupted session of the National Assembly and staged a walkout from the Senate when they were resumed on Wednesday, DawnNews reported. more... (D)

PML-LM rules out merger with PML-N

Amid rumours that the Pakistan Muslim League-Likeminded (PML-LM) is planning to join the Pakistan Muslim League-Nawaz (PML-N), the former group has ruled out the possibility of merger with the Nawaz Sharif-led party, sources told Daily Times on Wednesday. more... (DT)

GCC

India to cut back on Iran oil purchases: report

India's two biggest importers of crude oil from Iran will cut shipments from the Islamic republic by at least 15 percent this financial year due to US pressure, a report has said. more... (Zawya)

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)

Mena may need $100b in funding next year

The International Monetary Fund recognises that Egypt requires support in stabilising its economy, but the multilateral agency is waiting for the Egyptian government to present a concrete economic recovery plan, a senior IMF official said yesterday. more. (Zawya)

Kuwait to start building six oil tankers in 2014

Kuwait Oil Tanker Co will start building six oil and gas tankers in 2014 and receive nine others as part of a deal with South Korea's Daewoo Shipbuilding and Marine Engineering, Kuwait News Agency (KUNA) said on Wednesday. more... (Gulf Base)

Quote of the Day:

"I couldn't wait for success, so I went ahead without it. " Jonathan Winters




 
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 (Apr-12) 11.3%
   
CPI Gen. - FY12 (Jul 11- Apr 12) 10.8%
   
NFNE Core INFL - YoY (Apr 12) 10.8%
   
NFNE Core INFL -FY12(Jul 11 - Mar 12) 10.4%

Money Market

 
Price
Change
02-May-12
30-Apr-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.42
0.88%
11.55%
11.81%
-26.20
     
02-May-12
30-Apr-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
819.52
843.12
-23.60

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.55
11.70
11.76
11.88
Offer
12.05
11.95
12.01
12.38

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.75
11.65
11.70
11.80
11.90
11.95
Low  
10.60
11.50
11.60
11.65
11.75
11.85

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
91.55
121.30
1.14
148.60
24.85
1.00
0.73

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.83
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
13.34
13.31
13.24
13.20

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.89
1.61
1.93
2.05
3.56
8.64
13.31
Change bps
1.00
-5.00
-2.00
-5.00
-6.00
-3.60
7.00

Commodities

     
02-May-12
03-May-12
change
WTI (USD/bbl)    
105.96
105.12
-0.79%
     
Brent (USD/bbl)    
119.50
118.20
-1.09%
     
Arab Light (USD/bbl)    
119.48
117.53
-1.63%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
108.16
103.46
4.54%
Furnace Oil (Rs/ton)
81,941.24
83,022.36
-1.30%
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
48,812.89
49,027.17
-0.44%
Rice IRRI -6(Rs/100kg)
3,415.00
3,492.00
-2.21%
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)
1,649.40
1,660.40
-0.66%
Sugar 11 (USD/lb)
20.55
20.95
-1.91%
Steel (USD/ton)
689.66
688.60
0.15%
Wheat (CBT) (USD/bu)
614.50
643.00
-4.43%
PTA (USD/ton)
1,165.00
1,170.00
-0.43%
Copper (USD/ton)
8,399.00
8,537.00
-1.62%

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.