BasedLine

Date: 04-May-2012
KSE-100 Index
Previous Index 14,142.52
Current Index 14,419.92
Change % 1.96%
YTD (CY11) 27.07%
YTD (FY12) 15.40%
KSE-100 Index
Previous Index 24,431.70
Current Index 24,868.74
Change % 1.79%
YTD (CY11) 23.49%
YTD (FY12) 18.78%
International Indicators
 
Close
%age
BSE-30 17,151.19 -0.87
HANGSENG 21,249.53 -0.28
NIKKEI 225 9,380.25 0.31
FTSE 5,766.55 0.15
DJIA 13,206.59 -0.47
SSEC 2,442.56 0.10
NASDAQ 3,024.30 -1.16
 
Close
%age
TASI 7,545.91 0.01
KSE(Kuwait) 6,479.10 0.59
BSE 1,158.25 0.65
MSM 5,862.43 0.17
ADX 2,501.44 -0.16
DFM 1,582.09 -0.93
QSE 8,669.89 0.04
Capital Market Overview

Market watch: Charging bulls thrust aside political, economic concerns

The bulls continued their charge on Thursday; as investors rallied aggressively across the board, riding a wave of positivity generated by the recently-signed Capital Gains Tax (CGT) ordinance. more... (ET)

NAVs and Returns
as of May 03, 2012
Funds Offer Redemption
POGSF
10.0768/-
10.0768/-
YTD Return
10.67%
POAIIF
51.9690/-
51.4493/-
YTD Return
11.41%
POAAAF
54.58/-
53.22/-
YTD Return
5.34%
POIAAF
61.61/-
60.07/-
YTD Return
14.97%
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
39.53
3,399
209.92
7.82
27.07%
KSE30
7.72
664
133.24
6.43
23.57%
KMI30
5.64
485
93.61
4.54
23.49%
KSE All
42.22
3,631
293.97
8.48
28.73%
May 03 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
177.98
118.42
-10.70%
OGDC
17.50
168.38
159.41
10.06%
UBL
2.00
87.52
45.55
41.37%
LUCK
1.70
137.57
38.71
94.20%
May 03, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
144.99
-229.22
-84.23
Foreign Corporates
9,602.93
-4,086.86
5,516.07
Overseas Pakistani
1,053.51
-1,233.25
-179.74
Grand Total
10,801.43
-5,549.33
5,252.11
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
02-May-12
03-May-12
Change
Gross Buy
317.36
1.30%
22.88
332.57%
12.62
10.80
-14.38%
Gross Sell
-264.80
0.26%
-9.39
88.70%
-4.06
-5.55
-36.76%
Net Buy/(Sell)
51.39
2.11%
13.20
4189.09%
8.56
5.25
-38.62%
S.C.R.A
Country
During the Period FY12TD
30-04-2012
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
13.86
-
-
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

Forex reserves rise to $16.43 billion

Pakistan’s foreign exchange reserves rose to $16.43 billion in the week ending April 27, from $16.42 billion the previous week, the central bank said on Thursday. more... (D)

Budget deficit reached 4.2pc of GDP

Massive rise in debt servicing cost has resulted in increasing the budget deficit to 4.2 percent of the gross domestic product (GDP) in July to March period of the current fiscal year 2011-12 as against the upward revised target of 4.7 percent of GDP for the whole fiscal year 2011-12, official sources informed here on Thursday. more... (DT)

Govt may face default on IPPs’ dues

The government is on the edge of sovereign default unless it pays by Friday (today) evening eight independent power producers (IPPs) their dues of Rs34 billion on account of electricity purchased from them in October and November last year. more... (D)

Spendthrift ways: Govt consumes 91% of budget in nine months

In an alarming development, the federal government has consumed 91 per cent of the total annual budget in just nine months, while its revenues could not match the reckless spending, resulting in a budget deficit of Rs1.38 trillion – the highest ever in the country’s history. more... (ET)

Company & Sector Update

NEPRA raises power tariff

The National Electric Power Regulatory Authority (Nepra) has raised the power tariff by Rs6.03 per unit; on account of fuel adjustment charges for four months from October 2011 to January 2012. more..(ET)

SECP commissioner for making capital markets investor-friendly

Securities and Exchange Commission of Pakistan (SECP) Commissioner for Securities’ Market Imtiaz Haider has emphasised upon the crucial role of the board and management in the organised development of capital market, protection of investors’ interest and curbing unfair and fraudulent activities in the market. more... (DT)

Plan to export 400,000 tons of sugar

The government intends to export 400,000 tons of surplus sugar and believes that the performance of the agricultural sector is improving despite natural calamities. more... (D)

Record cotton harvest of 14.8m bales

A record cotton harvest of 14.813 million bales has been achieved this season (2011-12), showing a growth of over 26 per cent over previous year when production stood at 11.698 million bales. more... (D)

Political

Trust reposed in Gilani; NA seeks new province

In a rebuff to noisy protests from the main opposition party, the remainder majorities of both houses of parliament on Thursday placed their “complete confidence” in Prime Minister Yousuf Raza Gilani. more... (D)

Malik wants Sharifs quizzed in SC attack case

Amid intensifying political acrimony between the government and PML-N, the interior ministry instructed Islamabad police on Thursday to reopen investigations against Nawaz Sharif and Shahbaz Sharif over the storming of the Supreme Court building in 1997. more... (D)

After parliament nods, Gilani vows to continue as PM

Just after the National Assembly and the Senate passed the resolutions, Prime Minister Yousaf Raza Gilani met journalists and clarified that his party is not looking for any successor and that he will continue as prime minister. more... (ET)

Al Qaeda’s relations with Pakistan were fraught with difficulties

The Bin Laden documents, released by the US military on Thursday, have no explicit references to any institutional Pakistani support for al Qaeda or its operatives. more... (D)

GCC

Iran Crude Exports Down More Than 1/4th - Shipping Source

Iran's crude-oil exports have fallen by over a quarter in two months with China the only growing buyer, a shipping source said Thursday. more... (Zawya)

UAE Energy Minister: Fujairah Bypass Pipe Complete, Being Tested

A planned Gulf oil pipeline that will bypass the Strait of Hormuz is complete and is now being tested, the energy minister of the United Arab Emirates said Thursday. more... (Zawya)

OPEC Wants To Push Oil Price Down To $100/Bbl - Chief

OPEC wants to push oil prices back down to $100 a barrel by boosting production as it fears demand destruction, the group's chief said Thursday. more. (Zawya)

Emaar to pump EGP30bn into Egypt in 2012, GM says

Emaar Misr, the Egyptian subsidiary of Dubai-based Emaar Properties , will invest up to EGP 30 billion (USD 5 billion) in three real estate projects in the North African country by the end of 2012, making Egypt the developer's third-largest investment destination after the UAE and Saudi Arabia, a senior executive said. more... (Zawya)

Quote of the Day:

"I am reminded how hollow the label of leadership sometimes is and how heroic followership can be." Warren Bennis




 
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 27, 2012)
$16.43 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
03-May-12
02-May-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.18
0.89%
11.28%
11.55%
-26.90
     
03-May-12
02-May-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
808.59
819.52
-10.93

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.46
11.68
11.75
11.87
Offer
11.96
11.93
12.00
12.37

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
9.25
11.25
11.60
11.80
11.90
11.95
Low  
9.00
11.00
11.50
11.65
11.75
11.85

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
91.55
119.5
1.14
146.60
24.97
1.00
0.73

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.81
11.92
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
13.32
13.30
13.31
13.20

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.89
1.61
1.93
2.04
3.54
8.62
13.30
Change bps
0.00
0.00
0.00
-1.00
-2.00
-1.60
-1.00

Commodities

     
03-May-12
04-May-12
change
WTI (USD/bbl)    
105.12
102.68
-2.32%
     
Brent (USD/bbl)    
118.20
116.22
-1.68%
     
Arab Light (USD/bbl)    
117.53
115.63
-1.62%

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
48,542.90
48,812.89
-0.55%
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)
1,636.80
1,649.40
-0.76%
Sugar 11 (USD/lb)
20.65
20.55
0.49%
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%

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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.