BasedLine

Date: 08-May-2012
KSE-100 Index
Previous Index 14,612.28
Current Index 14,617.97
Change % 0.04%
YTD (CY12) 28.82%
YTD (FY12) 16.98%
KSE-100 Index
Previous Index 25,167.03
Current Index 25,221.31
Change % 0.22%
YTD (CY12) 25.24%
YTD (FY12) 20.47%
International Indicators
 
Close
%age
BSE-30 16,912.71 0.48
HANGSENG 20,536.65 -2.61
NIKKEI 225 9,119.14 -2.78
FTSE 5,655.06 -1.93
DJIA 13,008.53 -0.40
SSEC 2,451.95 -0.04
NASDAQ 2,957.76 0.05
 
Close
%age
TASI 7,358.87 -0.25
KSE(Kuwait) 6,492.40 0.32
BSE 1,161.43 -0.07
MSM 5,791.63 -0.95
ADX 2,487.84 -0.30
DFM 1,564.15 0.25
QSE 8,651.76 -0.38
Capital Market Overview

Market watch: Bourse starts week on dull note

The stock market started the week on a dull note amid regional peers witnessing a downward trend and news reports dragging down the most influential sector on the bourse.The Karachi Stock Exchange’s (KSE) benchmark 100-share index crawled up 0.04 per cent or 5.69 points to end at the 14,617.97 point level. more... (ET)

NAVs and Returns
as of May 07, 2012
Funds Offer Redemption
POGSF
10.0880/-
10.0880/-
YTD Return
10.66%
POAIIF
52.0157/-
51.4955/-
YTD Return
11.36%
POAAAF
54.93/-
53.56/-
YTD Return
6.02%
POIAAF
61.98/-
60.43/-
YTD Return
15.66%
POAF
11.26/-
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
40.04
3,444
174.86
8.56
28.82%
KSE30
7.84
674
121.92
7.53
25.38%
KMI30
5.48
472
88.41
5.31
25.24%
KSE All
42.67
3,670
254.41
9.07
30.41%
May 07 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
181.85
118.42
-8.76%
OGDC
17.50
168.41
159.41
10.08%
UBL
2.00
89.09
45.55
43.90%
LUCK
1.70
131.50
38.71
85.63%
May 07, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
34.81
-42.13
-7.32
Foreign Corporates
4,792.64
-2,207.77
2,584.87
Overseas Pakistani
1,169.26
-1,710.35
-541.08
Grand Total
5,996.71
-3,690.24
2,036.47
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
04-May-12
07-May-12
Change
Gross Buy
347.43
5.30%
52.96
231.18%
24.78
6.00
-75.80%
Gross Sell
-272.86
1.67%
-17.46
-1.25%
-4.30
-3.96
-7.80%
Net Buy/(Sell)
72.91
15.75%
34.71
-2203.35%
20.48
2.04
-90.06%
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

Raising funds: Government opens doors to private lenders

The government has decided, in-principle, to allow individual depositors to invest in government securities through commercial banks; a move aimed at boosting declining savings and ensuring almost double returns to investors against what they currently receive from banks. more... (ET)

'Friendship year to further strengthen ties between Pakistan, Japan'

President Asif Ali Zardari on Monday said that Pakistan and Japan Friendship Year would further strengthen partnership between the people and the two governments. more... (BR)

Pak-China traditional partnership transform into economic terms: President

President Asif Ali Zardari on Monday said that the traditional friendship of Pakistan and China was being transformed into economic terms and Pakistan was trying to tap the full potential of the economic and commercial relations. more... (BR)

India eyes $12bn trade with Pakistan

Indian High Commissioner Sharat Shabarwal on Monday said that India and Pakistan should target $12 billion trade within next five years, asserting, “Our growing economic agenda also includes finalisation of modalities of electricity trade between the two countries and trade in petroleum products.”more... (DT)

Company & Sector Update

Neelum Jhelum: WAPDA spends billions to speed up hydropower project

The Water and Power Development Authority (Wapda) has agreed on a controversial multi-million dollar deal to buy two tunnel boring machines for the Neelum Jhelum Hydropower project. more.. (ET)

Stock exchanges demutualisation bill signed into law

President Asif Ali Zardari has given assent to the Stock Exchanges (Corporatisation, Demutualisation and Integration) Act 2012 to further strengthen the country’s stock markets. more... (ET)

ADB report: Fertiliser sector should get priority over power

In 2011 from January 1 till Oct 31, fertiliser plants on the SNGPL network received the equivalent of only 3.5 days of gas per week relative to other sectors who received 4 to 5 days of gas a week. more... (ET)

Cement export continue to decrease, local dispatch increased by 3.3pc

Although cement sales in domestic market posted fifth straight month of increase as compared to last year, the industry still faces difficult times as export registered third consecutive month of decline and capacity utilization at its lowest since year 2002-03. more... (BR)

Political

Politicians declare assets: ‘Gilani, Shahbaz own no cars purchased by themselves’

The annual declaration of assets and liabilities to the Election Commission of Pakistan (ECP) shows that the net worth of assets belonging to both Punjab Chief Minister Shahbaz Sharif and Prime Minister Yousaf Raza Gilani have increased. more... (ET)

Pak-US ties: Challenges ahead

Ahead of a Nato summit in Chicago which is to review the military effort in Afghanistan and take stock of progress towards reconciliation, Pakistani and US officials are negotiating a way out of the impasse that began with the Nov 26 attack on the Salala checkpost. more... (ET)

PML-N, PML-Q retain their PA seats in by-polls

Nothing unexpected happened in the by-elections for two Punjab Assembly seats – PP 243 and PP 245, Dera Ghazi Khan — as all major political parties — the PML-N, the PML-Q and the PPP saved their prestige by getting their candidates returned to the provincial legislature. more... (DT)

GHQ appoints new ANF chief

The GHQ appointed Maj Gen Malik Zafar Iqbal as Anti-Narcotics Force (ANF) director general. According to an ISPR press release issued on Monday, Iqbal is presently commanding an infantry division in Lahore. Meanwhile, according to a separate ISPR press release, Maj Gen Azeem Asif was appointed Earthquake Reconstruction and Rehabilitation Authority (ERRA) deputy chairman. more... (DT)

GCC

Dubai fund gives up control of Barneys

Dubai's sovereign wealth fund has given up control of luxury retailer Barneys New York, dealing a blow to Istithmar World , the emirate's investment arm which paid $942m for the high-end retailer in 2007. more... (Zawya)

Shoura OKs water accord with Japan

The Shoura Council approved a draft agreement between the Kingdom and Japan on water management and maintenance of sewage systems in Saudi Arabia. The 30th session of the Shoura Council was held yesterday under the chairmanship of the council's Vice Chairman Mohammed bin Amin Al-Jaafri. more... (Zawya)

Bahrain to spend $8bn on modernising refinery

Bahrain is to spend between $6 billion and $8bn on modernising its refinery within the next six to seven years, Energy Minister Dr Abdulhussain Mirza said yesterday. Speaking at the opening of the 20th Middle East Petroleum and Gas Conference. more. (Gulf Base)

Commercialbank sets up dedicated desk to assist Korean firms

Commercialbank has set up a dedicated Korea Business Desk within its corporate division, following its recent tie up with Hana Bank . Qatar’s largest private bank recently signed a Memorandum of Understanding (MoU) with Hana Bank, one of the largest banks in South Korea, and a subsidiary of Hana Financial Group. more... (Gulf Base)

Quote of the Day:

"We are taught to understand, correctly, that courage is not the absence of fear, but the capacity for action despite our fears." John McCain




 
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
07-May-12
04-May-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.21
0.04%
11.27%
11.28%
-1.00
     
07-May-12
04-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
11.43
11.68
11.74
11.85
Offer
11.93
11.93
11.99
12.35

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

     
07-May-12
08-May-12
change
WTI (USD/bbl)    
96.98
97.84
0.89%
     
Brent (USD/bbl)    
112.22
113.59
1.22%
     
Arab Light (USD/bbl)    
113.14
113.05
-0.08%

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
48,555.76
48,602.90
-0.10%
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
1,637.10
-0.14%
Sugar 11 (USD/lb)
20.81
21.05
1.15%
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.