BasedLine

Date: 10-May-2012
KSE-100 Index
Previous Index 14,513.96
Current Index 14,613.59
Change % 0.69%
YTD (CY12) 28.78%
YTD (FY12) 16.95%
KSE-100 Index
Previous Index 25,019.55
Current Index 25,124.00
Change % 0.42%
YTD (CY12) 24.76%
YTD (FY12) 20.00%
International Indicators
 
Close
%age
BSE-30 16,646.49 0.61
HANGSENG 20,141.96 -1.67
NIKKEI 225 9,029.32 -0.17
FTSE 5,530.05 -0.44
DJIA 12,835.06 -0.75
SSEC 2,404.15 -0.18
NASDAQ 2,934.71 0.39
 
Close
%age
TASI 7,221.50 -2.03
KSE(Kuwait) 6,451.50 -0.51
BSE 1,160.26 0.01
MSM 5,742.83 -1.02
ADX 2,481.13 -0.34
DFM 1,526.94 -1.86
QSE 8,604.63 -0.71
Capital Market Overview

Market watch: Bourse recovers lost ground

The country’s main stock index recovered lost ground and gained 100 points led by fertiliser stocks. The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.69 per cent or 99.63 points to end at the 14,613.59 point level on Wednesday to make up for the fall of 104 points on Tuesday. more... (ET)

NAVs and Returns
as of May 09, 2012
Funds Offer Redemption
POGSF
10.0931/-
10.0931/-
YTD Return
10.65%
POAIIF
52.0333/-
51.5130/-
YTD Return
11.33%
POAAAF
54.92/-
53.55/-
YTD Return
6.00%
POIAAF
62.25/-
60.69/-
YTD Return
16.15%
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
40.03
3,443
256.67
9.52
28.78%
KSE30
7.83
673
198.78
8.52
25.22%
KMI30
5.46
470
147.69
5.77
24.76%
KSE All
42.70
3,672
318.89
9.99
30.47%
May 09 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
179.31
118.08
-10.03%
OGDC
17.50
166.14
158.95
8.60%
UBL
2.00
86.54
45.42
39.78%
LUCK
1.70
133.08
38.60
87.86%
May 09, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
41.86
-44.28
-2.41
Foreign Corporates
7,257.55
-10,967.90
-3,710.34
Overseas Pakistani
1,083.90
-1,231.86
-147.97
Grand Total
8,383.32
-12,244.04
-3,860.73
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
08-May-12
09-May-12
Change
Gross Buy
363.45
9.31%
68.98
312.22%
8.01
8.38
4.66%
Gross Sell
-290.27
7.87%
-34.87
76.89%
-5.57
-12.24
-119.80%
Net Buy/(Sell)
71.55
10.33%
33.35
-1245.68%
2.44
-3.86
-258.25%
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
47.23
-
-
33.00
-
-
-20.69
0.43
0.56
-0.13
Switzerland
42.70
0.91
-
35.22
1.27
-
7.12
-
-
-
UAE
7.43
0.52
-
4.23
4.46
-
-1.27
-
-
-
UK
73.29
18.13
-
145.87
0.29
3.47
-58.27
1.27
1.24
0.03
USA
175.27
-
-
269.70
-
19.06
-113.48
5.16
1.46
3.70
Total
437.58
22.24
-
592.46
8.71
29.22
-171.13
20.00
3.29
16.70
News Clippings
Economy

Tackling circular debt: Govt to issue Rs70b term finance certificates

In an attempt to rein in the runaway inter-corporate debt and tackle the power crisis, the government has decided to raise Rs70 billion from the reserves of Oil and Gas Development Company (OGDC) by issuing term finance certificates (TFCs). more... (ET)

Pakistan may have to go back to IMF soon

Dr Kaiser Bengali, senior economist, said on Wednesday that Pakistan may have to go back to IMF in the coming months because of fast depleting foreign exchange reserves. more... (ET)

Passing the buck: Govt considers removing cap on gas cess, petroleum levy

Finance and energy managers are seeking to increase infrastructure development cess on natural gas and petroleum levy on oil products in the upcoming budget to generate funds for the Iran-Pakistan (IP) gas pipeline project and bridge the fiscal deficit. more... (ET)

Making demutualisation of equity markets successful

Officials of the Indian stock exchanges have recommended eliminating all constraints to make the demutualisation experience successful. The officials shared their own experiences of demutualisation at a luncheon hosted by the Lahore Stock Exchange (LSE) on Wednesday for the visiting dignitaries of the Indian capital market. more... (DT)

Company & Sector Update

Mari Gas tries to keep Auditor General away from its accounts

After having already faced rejection, Mari Gas Company Limited (MGCL) has stepped up the ante and has doubled its funds for exploration activities provided by the provincial government and keep Auditor General of Pakistan (AGP) away from its accounts. more.. (ET)

Agriculture sector lacks efficiency, competitiveness’

Despite immense potential, the agricultural sector of Pakistan lacks efficiency and global competitiveness, former CEO of Engro Corporation and current member of Pakistan Tehreek-e-Insaf Asad Umar said on Wednesday. more... (ET)

Govt plans to impose tax on banks’ T-bills returns

The government has planned to earn revenues from flourishing banking sector as it decided to impose 15 percent incremental tax on banks' returns of treasury bills (T-bills) in the upcoming budget, sources in the industry said on Wednesday. more... (DT)

NEPRA reserves decision on PPIB’s proposed upfront tariff

The National Electric Power Regulatory Authority (NEPRA) reserved its decision over upfront tariff proposed by Pakistan Private Power Infrastructure Board (PPIB) for private enterprises interested in coal power projects for 50 megawatts (MW) at Rs 12.64 per kwh and 1,000 megawatts (MW) at Rs 11.28 per kwh. more... (DT)

Political

A Fraying Relationship: ‘US Shifting Blame on to Others’

As US pressure to ‘do more’ continues to mount on Pakistan, a top Pakistani Military Commander has spoken out against Washington for having double standards and for seeking to make Islamabad a scapegoat for its failure to beat insurgency in the Pakistan/Afghanistan region. more... (BT)

NA speaker holds key to Gilani’s fate

Now that the judges have spoken — and in detail —the fate of Prime Minister Yousuf Raza Gilani lies in the hands of one woman — Dr Fehmida Mirza, the Speaker of the National Assembly. more... (ET)

Pak-EU relations based on shared democratic values and mutual respect: Zardari

President Asif Ali Zardari Wednesday said Pakistan has important relationship with European Union based on shared democratic values, principles of mutual respect, trust and cooperation. more... (BR)

Former accounts officer abducted, interrogated over Sharif family assets

PML-N chief Nawaz Sharif’s former accounts officer Mohammad Akram was allegedly abducted by FIA personnel who interrogated him for information regarding the Sharif family and their businesses, Express News reported. more... (ET)

GCC

Qatar records high fiscal surplus in 9 months

Surplus is expected high at the end of the 2011-2012 fiscal year
A surge in oil prices and Qatar's LNG exports allowed the Gulf country to record a massive budget surplus in the first nine months of its 2011-2012 fiscal year, according to official data. more... (Zawya)

HWaterfront City to create 10,000 jobs

Leading real estate developer Waterfront City announced Wednesday a $1.8 million corporate social responsibility initiative targeting non-governmental organizations in the vicinity of the Dbayyeh mega project. more... (Zawya)

Telecom service provider du makes Dh666m profit

UAE telecom service provider du made a net profit of Dh666 million (before royalty fee payment) in the first quarter, up from Dh412 million in the year-before period, the company said in a statement to the Dubai Financial Market on Thursday. more. (Gulf News)

UAE lending falls short of forecast

Lending by the UAE's biggest banks is falling short of industry estimates as slower growth in the second-largest Arab economy damps credit demand. Combined lending by the top seven banks climbed 0.6 per cent in the first quarter to Dh749.5 billion ($204 billion), their earnings statements show. more... (Gulf News)

Quote of the Day:

"For me life is continuously being hungry. The meaning of life is not simply to exist, to survive, but to move ahead, to go up, to achieve, to conquer." Albert Schweitzer




 
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
09-May-12
08-May-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.41
-0.19%
11.21%
11.14%
6.70
     
09-May-12
08-May-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
833.27
833.27
19.68

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.47
11.68
11.76
11.88
Offer
11.97
11.93
12.01
12.38

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.50
11.50
11.65
11.80
11.90
11.95
Low  
10.60
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
91.50
119.50
1.15
148.10
24.85
0.98
0.73

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.82
11.90
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
0.00
10 Y-PIB
13.27
13.29
13.29
0.00

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.86
1.52
1.86
1.90
3.32
8.56
13.25
Change bps
0.00
-2.00
3.00
-4.00
-4.00
2.00
-4.00

Commodities

     
09-May-12
10-May-12
change
WTI (USD/bbl)    
96.63
96.40
-0.24%
     
Brent (USD/bbl)    
112.37
112.65
0.25%
     
Arab Light (USD/bbl)    
111.17
111.46
0.26%

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
48,598.61
48,555.76
0.09%
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)
1,592.40
1,590.60
0.11%
Sugar 11 (USD/lb)
20.38
20.37
0.05%
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.