BasedLine

Date: 14-May-2012
KSE-100 Index
Previous Index 14,420.19
Current Index 14,230.49
Change % -1.32%
YTD (CY12) 25.40%
YTD (FY12) 13.88%
KSE-100 Index
Previous Index 24,767.74
Current Index 24,519.59
Change % -1.00%
YTD (CY12) 21.76%
YTD (FY12) 17.12%
International Indicators
 
Close
%age
BSE-30 16,292.98 -0.77
HANGSENG 19,964.63 -1.30
NIKKEI 225 8,953.31 -0.63
FTSE 5,575.52 0.57
DJIA 12,820.60 -0.27
SSEC 2,394.98 -0.63
NASDAQ 2,933.82 -0.01
 
Close
%age
TASI 7,182.95 -0.69
KSE(Kuwait) 6,446.06 -0.01
BSE 1,159.87 -0.02
MSM 5,735.94 -0.18
ADX 2,473.51 -0.19
DFM 1,488.24 -1.77
QSE 8,536.35 -0.14
Capital Market Overview

Weekly Review: Stock market undergoes correction

After witnessing strong gains in the previous week, the Karachi stock market underwent a correction as political tensions and negative news flows, particularly regarding the upcoming budget, took their toll on the bourse. more... (ET)

NAVs and Returns
as of May 11, 2012
Funds Offer Redemption
POGSF
10.0985/-
10.0985/-
YTD Return
10.64%
POAIIF
52.0566/-
51.5360/-
YTD Return
11.30%
POAAAF
53.21/-
51.88/-
YTD Return
2.69%
POIAAF
60.76/-
59.24/-
YTD Return
13.38%
POAF
11.27/-
YTD Return
10.80%
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
38.98
3,352
195.72
8.46
25.40%
KSE30
7.60
653
139.17
7.28
21.56%
KMI30
5.33
458
111.36
5.29
21.76%
KSE All
41.56
3,574
236.95
8.79
27.07%
May 11 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
173.98
118.08
-12.70%
OGDC
17.50
162.97
158.95
6.52%
UBL
2.00
80.98
45.42
30.80%
LUCK
1.70
126.95
38.60
79.21%
May 11, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
215.04
-32.81
182.22
Foreign Corporates
5,037.71
-4,651.74
385.97
Overseas Pakistani
962.79
-686.24
276.54
Grand Total
6,215.53
-5,370.79
844.74
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
10-May-12
11-May-12
Change
Gross Buy
379.65
11.89%
85.18
167.08%
10.36
6.22
-40.03%
Gross Sell
-303.68
11.53%
-48.27
54.59%
-8.34
-5.37
-35.62%
Net Buy/(Sell)
74.29
8.30%
36.09
5414.21%
2.02
0.84
-58.20%
S.C.R.A
Country
During the Period FY12TD
11-05-2012
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
14.04
-
-
15.78
-
-
-1.74
0.18
-
0.18
Luxembourg
47.40
-
-
33.00
-
-
-21.61
0.17
0.20
-0.03
Switzerland
42.70
0.91
-
36.80
1.27
-
5.54
-
1.45
-1.45
UAE
7.43
0.52
-
4.23
4.46
-
-1.27
-
-
-
UK
79.48
18.13
-
147.20
0.29
3.47
-53.41
2.87
0.56
2.30
USA
175.32
-
-
271.49
-
19.06
-115.22
-
0.58
-0.58
Total
445.42
22.24
-
599.03
8.71
29.22
-169.86
3.91
2.79
1.12
News Clippings
Economy

Pakistan fails to achieve policy objectives: WB

Pakistan has failed to achieve the major policy objectives to reduce fiscal deficit at or below 3.5 per cent of the GDP and improving tax-to-GDP ratio to 12.7 per cent by 2012-13 could not be achieved, a World Bank mid-term progress report has said. more... (N)

A lot of factors affecting Pakistan’s economy

I have been quiet, quiet for so long that my mind often riots with my inner instincts on my reticence. It has been long since I have been longing to pen down my feelings. The war inside my soul often stifles my body and my whole being cries within. more... (N)

2009-10 report: Unspent balances of zakat not surrendered

Based on findings from the internal audit of the Central Zakat Funds, the auditor general of Pakistan disclosed in his 2009-2010 report that the institutions responsible for disbursement of billions of rupees from Zakat funds were not working optimally. more... (ET)

Railways, PIA, PSM losses equivalent to defence budget

The annual losses of only three public enterprises namely Railways, PIA and Pakistan Steel Mills aggregate to a total amount equivalent to funds allocated for defence of Pakistan, financial experts said.. more... (N)

Company & Sector Update

The benefits of business with a large food company

Have you ever wondered where the milk in packaged dairy products comes from? In case you assumed that big food companies maintained their own dairy farms that generated thousands of litres of milk daily and remained insulated from fluctuations in open market rates, you are wide of the mark. more.. (ET)

OGDC ‘glossed over’ multimillion-dollar contract

In a list of contracts sent for clearing to the National Accountability Bureau, the Oil and Gas Development Company (OGDC) “forgot” to mention a multimillion dollar contract awarded to Jamshoro Joint Venture Limited (JJVL). more... (ET)

Banking industry in profit, but some banks in trouble

Banking sources said nine banks were still facing acute problem of raising deposit which kept them far from reaching close to meet the minimum capital requirement set by the State Bank. These are mostly small and medium sized banks. more... (D)

Government’s cut: Oil consumers pay Rs262b in taxes this year

Despite claims of paying subsidy to oil consumers, the government still managed to collect Rs261.8 billion in taxes from consumers because of high oil prices in the first 10 months (July-April 2011-12) of the current fiscal year, an increase of 16.6% over the corresponding period of last financial year. more... (ET)

Political

Pakistanis have chosen path of change, says Qureshi

Pakistan Tehreek-e-Insaf (PTI) Vice Chairman Shah Mehmood Qureshi said on Sunday that Pakistanis had chosen the path of change where youth would be the backbone of the movement of revolution in the country.more... (DT)

Governor assures freeing of crew from pirates

Sindh Governor Dr Ishratul Ibad Khan has assured the families of kidnapped crew of merchant navy ship that all efforts will be utilised to free them from pirates. He gave this assurance during a meeting with family members at the Governor House here Sunday. “This is trying moment and the entire nation is with them”, he added. more... (DT)

Khar favours lifting supply line blockade

ON BOARD THE PM’S AIRCRAFT: In her short tenure as foreign minister, the young Hina Rabbani Khar has already developed a striking ability to answer questions without answering them. more... (ET)

Outstanding debts: FIA dredges up loan case against the Sharif family

The Sharif family, including former premier Nawaz Sharif, Punjab Chief Minister Shahbaz Sharif and 13 other relatives have failed to return loans worth over Rs2.3 billion despite a lapse of 18 years, a report prepared by the Federal Investigation Agency (FIA) revealed.. more... (ET)

GCC

Dubai Investments PJSC reports net profit of AED 107 million for first quarter ended 31st March 2012

Di reported strong quarterly results with profit of AED 107 million for the Period, which is 6% more than the profit of AED 101 million reported for the comparable period last year. Consolidated total income for the Period was AED 623 million as against AED 643 million for the comparable period last year. Total Assets as at 31st March 2012 stand at AED 13.5 billion, while Net Worth increased to AED 8.5 billion. The annualized return on share capital achieved for the Period is 12%. more... (Zawya)

Saudi Arabia to invest SR500 billion in water, power projects

The power and water sectors are experiencing a massive boom in Saudi Arabia, said Deputy Minister for Water Affairs Mohammed Ibrahim Al-Saud. "The Kingdom is set to invest SR500 billion in these vital utility sectors in the next 10 years," he said. more... (Zawya)

Zooming in on Alba's growth

Alba's position as the first aluminium smelter in the Middle East that pioneered the growth of the industry in the region in 1971 provided the main focus of Alba's newly-launched corporate video. more. (Gulf Base)

Selling pressure weighs on Qatar bourse

The Qatar Exchange yesterday opened the week on a weaker note mainly due to selling pressure from both foreign and domestic institutions. more... (Gulf Base)

Quote of the Day:

" A creative man is motivated by the desire to achieve, not by the desire to beat others. " Ayn Rand




 
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)
$-17.07bn
Curr. A/C (July 11-Mar 12)
$-3.08bn
Remittances (July 11- Mar 12)
$10.88bn
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
11-May-12
10-May-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.40
0.04%
11.22%
11.23%
-1.00
     
11-May-12
10-May-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
868.36
853.45
14.92

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.52
11.68
11.75
11.86
Offer
12.02
11.93
12.00
12.36

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.90
11.65
11.75
11.80
11.90
12.00
Low  
11.75
11.60
11.60
11.65
11.75
11.80

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
91.50
118.24
1.16
147.01
24.98
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
13.04
13.00
13.03
13.05
10 Y-PIB
13.30
13.27
13.28
13.32

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.86
1.55
1.82
1.96
3.29
8.57
13.27
Change bps
0.00
-2.00
-3.00
-3.00
-5.00
0.30
-1.00

Commodities

     
11-May-12
14-May-12
change
WTI (USD/bbl)    
95.92
95.55
-0.39%
     
Brent (USD/bbl)    
111.92
111.94
0.02%
     
Arab Light (USD/bbl)    
111.22
111.00
-0.20%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
107.00
108.16
-1.07%
Furnace Oil (Rs/ton)
81,941.24
83,022.36
-1.30%
Cement (Rs. Bag Avg)
441.63
442.38
-0.17%
Urea Fertilizer (Rs/bag)
1,798.33
1,798.75
-0.02%
Gold 24cr (Rs./10gm) Khi
47,998.63
47,998.63
-1.23%
Rice IRRI -6(Rs/100kg)
3,404.00
3,396.00
0.24%
KCA Cotton (Rs/mound)
6,100.00
6,200.00
-1.59%
International
Current
Previous
Change
Coal Spot(USD/ton)
99.95
101.55
-1.58%
Gold Futures(USD/oz)
1,586.50
1,586.50
-0.37%
Sugar 11 (USD/lb)
28.91
29.06
-0.52%
Steel (USD/ton)
678.41
680.05
-0.24%
Wheat (CBT) (USD/bu)
597.00
601.25
-0.71%
PTA (USD/ton)
1,175.00
1,165.00
0.86%
Copper (USD/ton)
8,207.00
8,165.00
0.51%

Kindly Click here for PDF Version

(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.