BasedLine

Date: 07-May-2012
KSE-100 Index
Previous Index 14,419.92
Current Index 14,612.28
Change % 1.33%
YTD (CY12) 28.77%
YTD (FY12) 16.94%
KSE-100 Index
Previous Index 24,868.74
Current Index 25,167.03
Change % 1.20%
YTD (CY12) 24.97%
YTD (FY12) 20.21%
International Indicators
 
Close
%age
BSE-30 16,831.08 -1.87
HANGSENG 21,086.00 -0.77
NIKKEI 225 9,380.25 0.30
FTSE 5,655.06 -1.93
DJIA 13,038.27 -1.27
SSEC 2,445.68 -0.26
NASDAQ 2,956.34 -2.25
 
Close
%age
TASI 7,377.61 -0.98
KSE(Kuwait) 6,471.60 -0.12
BSE 1,162.19 0.34
MSM 5,846.98 -0.26
ADX 2,495.31 -0.25
DFM 1,560.28 -1.38
QSE 8,685.19 0.18
Capital Market Overview

Weekly review: Foreign buying pushes KSE-100 up by 4%

The stock market received a shot in the arm in the form of heavy foreign buying which resulted in the benchmark KSE-100 index climbing 570 points (4.1%) during the week ended May 4. more... (ET)

NAVs and Returns
as of May 04, 2012
Funds Offer Redemption
POGSF
10.0802/-
10.0802/-
YTD Return
10.68%
POAIIF
51.9807/-
51.4609/-
YTD Return
11.39%
POAAAF
54.53/-
53.17/-
YTD Return
5.25%
POIAAF
61.83/-
60.28/-
YTD Return
15.37%
POAF
11.25/-
YTD Return
10.77%
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
40.05
3,445
240.95
9.93
28.77%
KSE30
7.83
674
164.08
8.43
25.31%
KMI30
5.71
491
126.93
6.11
24.97%
KSE All
42.72
3,674
335.17
10.50
30.31%
May 03 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
180.48
118.42
-9.44%
OGDC
17.50
170.70
159.41
11.58%
UBL
2.00
89.74
45.55
45.28%
LUCK
1.70
133.12
38.71
87.92%
May 03, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
40.22
-31.57
-8.64
Foreign Corporates
23,699.08
-3,054.69
20,644.39
Overseas Pakistani
1,036.29
-1,209.20
-172.90
Grand Total
24,775.59
-4,295.46
20,480.13
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
03-May-12
04-May-12
Change
Gross Buy
341.57
3.52%
47.10
-67.54%
10.80
24.78
129.37%
Gross Sell
-268.99
0.23%
-13.59
-84.73%
-5.55
-4.30
22.59%
Net Buy/(Sell)
70.96
12.66%
32.77
-40.24%
5.25
20.48
289.94%
S.C.R.A
Country
During the Period FY12TD
03-05-2012
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
-
-
15.69
-
-
-1.83
-
0.06
-0.06
Luxembourg
42.15
-
-
33.00
-
-
-23.47
7.50
1.50
6.00
Switzerland
41.53
0.91
-
33.71
1.27
-
7.45
0.54
-
0.54
UAE
7.43
0.52
-
4.14
4.46
-
-1.18
-
0.17
-0.17
UK
68.51
18.13
-
142.35
0.29
3.47
-59.53
0.02
-
0.02
USA
168.87
-
-
264.42
-
19.06
-114.60
0.35
0.68
-0.33
Total
404.16
22.24
-
579.56
8.71
29.22
-191.66
8.48
3.68
4.81
News Clippings
Economy

MoU signed between Sindh Board of Investment and Royal Emirates Group

Sindh Board of Investment (SBI) and Royal Emirates Group of companies signed a Memorandum of Understanding (MOU) to expand and deepen economic and industrial cooperation. more... (BR)

Web portal: FBR told to place defect-free e-return forms

Federal Tax Ombudsman (FTO) Dr Muhammad Shoiab Suddle has directed the Federal Board of Revenue (FBR) to place a foolproof electronic income tax return on FBR's official web portal. more... (BR)

Second installment to IMF next month

Despite depressive economic situation of the country, the government is all set to repay $783 million 2nd installment to the International Monetary Fund (IMF) during next month. more... (N)

Highest FPI in KSE since 28 months

Country’s equity market witnessed highest ever weekly foreign portfolio investment (FPI) of $33.2 million during last week as per the National Clearing Company of Pakistan Limited (NCCPL) data. more... (TFD)

Company & Sector Update

OGRA presentation: Bigwigs named in illegal relocation of CNG stations

An Oil and Gas Regulatory Authority (Ogra) presentation suggests that Musa Gilani, the Intelligence Bureau (IB) deputy, and at least two dozen parliamentarians were involved in ‘illegal’ relocation of hundreds of compressed natural gas (CNG) stations between January 2009 and July 2011. more.. (ET)

Air Indus orders three Russian-made aircraft

Air Indus Pvt Ltd, a fresh entrant into the Pakistani aviation industry, is interested in acquiring three Russian manufactured Sukhoi Superjet 100 aircraft, as declared by the company. more... (ET)

PSO managing director may be removed

Pakistan State Oil (PSO) Managing Director Naeem Yahya Mir may lose his job because of accusations of poor performance and ignoring directives of the presidency and prime minister’s secretariat, sources say. more... (ET)

China group interested in AJK power projects

Pakistan is seeking a push for early mobilisation of Chinese contractors to start construction of 1,100MW Kohala Hydropower Project (KHP) and increased financial support for under-construction 969MW Neelum Jhelum Hydropower Project (NJHP). more... (D)

Political

Imran asks PML-N to resign from assemblies

Pakistan Tehrik-i-Insaaf’s chief Imran Khan has said that parliament has lost its credibility after failing to implement its resolutions against drone attacks. And he asked PML-N to resign from the assemblies if it was serious about launching a march against the government. more... (D)

Pakistan not taken action against Hafiz Saeed: Clinton

Pakistan has not taken necessary action against Hafiz Saeed, Secretary of State Hillary Clinton said on Monday, referring to the Islamist suspected of masterminding an attack by Pakistan-based gunmen on the Indian city of Mumbai in 2008. more... (ET)

Getting Aafia back needs unified voice of nation’

The third massive convention entitled ‘Karwan-e-Ghairat’ seeking repatriation of Dr Aafia, a Pakistani scientist sentenced in the US, was held by Aafia Movement, here on Sunday. more... (DT)

PML-N leaders visit JI office

A delegation of Pakistan Muslim League-Nawaz (PML-N) leaders, consisting of former Sindh governor Mamnoon Hussain, Saleem Zia, Imdad Chandio and Marvi Memon, visited Jamaat-e-Islami (JI) office ‘Idara-e-Noor-e-Haq’ and held meeting with Ameer JI Karachi Muhammad Hussain Mehnti, Nasrullah Shaji and other leaders on Sunday. more... (ET)

GCC

Air Arabia posts Dh49.2m profit

Despite rising fuel costs, Air Arabia is on track to achieve a profitable 2012, its chief executive said yesterday as the airline posted an 11 per cent increase in its first-quarter net profit to Dh49.2 million, up from Dh44.2 million for the corresponding quarter in 2011. more... (Zawya)

Dubai tenants: expect a 5% hike on your rent by year-end

"Real estate in Dubai has been the center of attraction for investors, end users and home owners due to the consistent stability, which led to price increase of approximately 15 per cent in property rent rates across all areas in the city. more... (Zawya)

Egypt misses debt sale goal as yields rise

Egypt fell 38 per cent short of its four billion Egyptian-pound (Dh2.43 billion) fundraising goal at an auction of government securities as yields rose. more. (Gulf News)

Doha may raise base oil price to $65 in budget

The country's finance ministry proposed that the budget be based on an oil price of $65 a barrel, Finance Minister Yousuf Hussain Kamal told reporters at a conference in the country's capital Doha yesterday. more... (Gulf News)

Quote of the Day:

"Success is not final, failure is not fatal, it is the courage to continue that counts." Winston Churchhill




 
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)
$9.73bn
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
04-May-12
03-May-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.21
0.04%
11.27%
11.28%
-1.00
     
04-May-12
03-May-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
822.49
808.59
13.90

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.41
11.68
11.76
11.86
Offer
11.91
11.93
12.01
12.36

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.00
11.70
11.60
11.80
11.90
11.95
Low  
9.75
10.95
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
119.32
1.15
147.24
24.92
0.99
0.73

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.80
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
13.30
13.28
13.30
13.20

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.87
1.58
1.83
2.00
3.41
8.62
13.28
Change bps
9.75
-3.00
-10.00
-4.00
-13.00
0.00
-2.00

Commodities

     
04-May-12
07-May-12
change
WTI (USD/bbl)    
100.70
96.98
-3.69%
     
Brent (USD/bbl)    
116.22
112.22
-3.44%
     
Arab Light (USD/bbl)    
115.63
113.14
-2.15%

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
48,602.90
48,542.90
0.12%
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)
1,639.40
1,636.80
0.16%
Sugar 11 (USD/lb)
20.81
20.65
0.77%
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.