BasedLine

Date: 09-May-2012
KSE-100 Index
Previous Index 14,617.97
Current Index 14,513.96
Change % -0.71%
YTD (CY12) 27.90%
YTD (FY12) 16.15%
KSE-100 Index
Previous Index 25,221.31
Current Index 25,019.55
Change % -0.80%
YTD (CY12) 24.24%
YTD (FY12) 19.50%
International Indicators
 
Close
%age
BSE-30 16,546.18 -2.17
HANGSENG 20,484.75 -0.25
NIKKEI 225 9,181.65 0.69
FTSE 5,554.55 -1.78
DJIA 12,932.09 -0.59
SSEC 2,416.28 -1.33
NASDAQ 2,946.27 0.39
 
Close
%age
TASI 7,371.42 0.17
KSE(Kuwait) 6,484.50 -0.12
BSE 1,160.14 -0.11
MSM 5,802.06 0.18
ADX 2,489.69 0.07
DFM 1,555.89 -0.53
QSE 8,666.51 0.17
Capital Market Overview

Market Watch: Oil stocks drag down bourse

A slump in market-mover oil stocks dragged down the entire index on Tuesday as international oil prices continue their downward trend.The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.71 per cent or 104.01 points to end at 14,513.96 point level. more... (ET)

NAVs and Returns
as of May 07, 2012
Funds Offer Redemption
POGSF
10.0902/-
10.0902/-
YTD Return
10.65%
POAIIF
52.0218/-
51.5016/-
YTD Return
11.34%
POAAAF
54.55/-
53.19/-
YTD Return
5.29%
POIAAF
61.72/-
60.18/-
YTD Return
15.18%
POAF
11.26/-
YTD Return
10.73%
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
39.76
3,419
176.83
9.23
27.90%
KSE30
7.78
669
131.95
8.51
24.50%
KMI30
5.44
468
99.70
6.16
24.24%
KSE All
42.38
3,645
226.22
9.63
29.52%
May 07 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
179.28
118.42
-8.76%
OGDC
17.50
166.71
159.41
10.08%
UBL
2.00
86.39
45.55
43.90%
LUCK
1.70
132.05
38.71
85.63%
May 07, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
57.88
-40.61
17.26
Foreign Corporates
5,921.07
-4,450.81
1,470.26
Overseas Pakistani
2,031.38
-1,079.21
952.18
Grand Total
8,010.33
-5,570.63
2,439.70
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
07-May-12
08-May-12
Change
Gross Buy
355.26
7.67%
60.79
280.14%
6.00
8.01
33.58%
Gross Sell
-278.31
3.70%
-22.90
29.54%
-3.96
-5.57
40.66%
Net Buy/(Sell)
75.24
19.45%
37.04
-2344.61%
2.04
2.44
19.80%
S.C.R.A
Country
During the Period FY12TD
07-05-2012
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
-
-
15.78
-
-
-1.92
-
-
-
Luxembourg
46.81
-
-
33.00
-
-
-20.56
3.09
0.87
2.22
Switzerland
42.70
0.91
-
35.22
1.27
-
7.12
0.45
1.50
-1.05
UAE
7.43
0.52
-
4.23
4.46
-
-1.27
-
0.09
-0.09
UK
72.02
18.13
-
144.63
0.29
3.47
-58.30
2.97
0.69
2.28
USA
170.11
-
-
268.24
-
19.06
-117.18
0.66
1.94
-1.28
Total
417.58
22.24
-
589.16
8.71
29.22
-187.84
9.55
5.09
4.46
News Clippings
Economy

RPriority expenditure: Govt plans to spend Rs208b on water, power projects

In a bid to holistically tackle the energy crisis, the government plans to spend over Rs208 billion on water and power sector projects in the coming financial year. more... (ET)

Power sector dues: Govt defaults on sovereign guarantees

Failure to honour its financial commitments to Independent Power Producers (IPP) has led to the first-ever sovereign default by the government in Pakistan’s history. more... (ET)

Reverting to old base year: Economy grows by 3.67% this year, but misses target

The economy grew by 3.67% this year, missing even the revised growth target despite government’s efforts to keep the economy at a higher level by sticking to the old base year for calculations. more... (ET)

Once again, Pakistan asks China to finance IP gas pipeline

Pakistan has once again asked China to finance the Iran-Pakistan (IP) gas pipeline project, as Beijing appears to be least interested in the face of pressure from the United States. more... (ET)

Company & Sector Update

Unified gateway for incoming international calls on the cards

Pakistan Telecommunication Authority (PTA) and local telecom operators have agreed to establish the much-awaited unified gateway for incoming international calls, according to analysts. more.. (ET)

KASB allowed due diligence of HSBC

The State Bank of Pakistan has allowed KASB Finance to conduct due diligence of HSBC Pakistan operations while rejecting requests of the four big banks for the same, banking sources told Dawn on Tuesday. more... (D)

'Energy sector should be given priority over fertiliser industry,

Minister for Overseas Pakistanis Dr Farooq Sattar said on Tuesday that the energy sector should be given priority over the fertiliser industry for gas supply. more... (ET)

Exchange traded funds rules okayed

The Securities and Exchange Commission of Pakistan (SECP) has prescribed detailed requirements for launching the Index Tracking Exchange Traded Funds by the Asset Management Companies in Pakistan. more... (D)

Political

Executive may question a court decision, but can’t flout it: SC

The Supreme Court released on Tuesday the detailed verdict in contempt of court case against Prime Minister Yousaf Raza Gilani, which read that the premier had “willfully, deliberately and persistently defied a clear direction of the highest court of the country”. more... (DT)

Think Before You Speak: ‘PPP should apologise at Kingri House’

Pakistan Muslim League-Functional (PML-F) has threatened to walk out of the coalition government if Pakistan Peoples Party leadership does not visit Kingri House to apologise to Pir Pagara Sibghatullah Shah Rashdi for its members passing derogatory remarks about Shah Mardan Shah, the late Pir Pagara. more... (ET)

Sindh governor for timely completion of uplift projects

Sindh Governor Dr Ishratul Ibad Khan has emphasised that the timetable of completion of development projects be strictly maintained besides taking due care of the quality of work. more... (DT)

Supreme Court issues detailed judgment in contempt case

The much-awaited Supreme Court verdict which explained the reasons behind Prime Minister Yousuf Raza Gilani’s contempt charge left much to be desired after it failed to answer the most important political question of the day: should the prime minister be disqualified? more... (D)

GCC

Saudis store 80m barrels of oil to meet disruptions

Tokyo Top oil exporter Saudi Arabia is pumping around 10 million barrels per day (bpd) and is storing 80 million barrels to meet any sudden disruption in supplies, Oil Minister Ali Al Naimi said Tuesday. more... (Gulf News)

Dubai hotels register strong performance

The first quarter of 2012 saw Dubai hotels performing better than the corresponding period last year as room yields and occupancy jumped, benefitting from the Arab Spring, according to the latest hotel benchmark report by Ernst & Young (E&Y). more... (Gulf News)

Kuwaiti crude at $108.82 per barrel

Price of Kuwaiti crude oil dropped 3.03 US dollars to $108.82 per barrel (pb) in transactions on Monday, compared with $111.85 pb on Friday, reported Kuwait Petroleum Corporation (KPC) on Tuesday. more. (Gulf Base)

Bahrain eyes global bond market return, picks banks

Bahrain plans a sovereign bond targeting the US market by the summer, its central bank said yesterday, in a sign the Gulf state is confident it can attract international investors in the face of social unrest and budget pressures. 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
08-May-12
07-May-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.58
0.02%
11.14%
11.15%
-0.20
     
08-May-12
07-May-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
833.27
821.17
12.10

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.44
11.67
11.75
11.85
Offer
11.94
11.92
12.00
12.35

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.75
11.55
11.65
11.80
11.90
11.95
Low  
10.75
11.40
11.50
11.65
11.75
11.85

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
91.60
119.70
1.15
148.30
24.93
0.98
0.73

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.81
11.91
11.98
Last Cut Off.
11.87
11.94
11.94
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
13.00
12.99
12.99
12.94
10 Y-PIB
13.31
13.29
13.29
13.20

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.86
1.54
1.83
1.94
3.36
8.54
13.29
Change bps
-1.00
-6.00
-4.00
-7.00
-5.00
-14.90
0.00

Commodities

     
08-May-12
09-May-12
change
WTI (USD/bbl)    
97.84
96.63
-1.24%
     
Brent (USD/bbl)    
113.59
112.37
-1.07%
     
Arab Light (USD/bbl)    
113.05
111.17
-1.66%

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)
1,590.60
1,639.40
-2.84%
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.