BasedLine

Date: 15-May-2012
KSE-100 Index
Previous Index 14,230.49
Current Index 14,228.77
Change % -0.01%
YTD (CY12) 25.39%
YTD (FY12) 13.87%
KSE-100 Index
Previous Index 24,519.59
Current Index 24,558.99
Change % 0.16%
YTD (CY12) 21.96%
YTD (FY12) 17.30%
International Indicators
 
Close
%age
BSE-30 16,215.84 -0.47
HANGSENG 19,735.04 -1.15
NIKKEI 225 8,973.84 0.23
FTSE 5,465.52 -1.97
DJIA 12,695.35 -0.98
SSEC 2,361.44 -0.81
NASDAQ 2,902.58 -1.06
 
Close
%age
TASI 7,067.99 -1.60
KSE(Kuwait) 6,432.28 -0.21
BSE 1,156.69 -0.27
MSM 5,654.32 -1.42
ADX 2,473.00 -0.02
DFM 1,481.95 -0.42
QSE 8,489.10 -0.55
Capital Market Overview

Market watch: Stocks flat as investors eye US-Pakistan relations

Continuing uncertainty over US-Pakistan relations made for a lacklustre opening to the week’s trading at the Karachi Stock Exchange (KSE) on Monday. The KSE’s benchmark 100-share index dropped marginally by 0.01% or 1.72 points to end at the 14,228.77 point level. more... (ET)

NAVs and Returns
as of May 14, 2012
Funds Offer Redemption
POGSF
10.1065/-
10.1065/-
YTD Return
10.63%
POAIIF
52.0910/-
51.5701/-
YTD Return
11.27%
POAAAF
53.65/-
52.31/-
YTD Return
3.54%
POIAAF
61.20/-
59.67/-
YTD Return
14.20%
POAF
11.28/-
YTD Return
10.70%
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
38.96
3,351
77.58
3.62
25.39%
KSE30
7.62
655
49.37
2.89
21.92%
KMI30
5.34
459
38.78
2.13
21.96%
KSE All
41.55
3,573
101.42
3.80
27.09%
May 11 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
175.23
118.08
-12.08%
OGDC
17.50
162.76
158.95
6.39%
UBL
2.00
83.81
45.42
35.37%
LUCK
1.70
127.56
38.60
80.07%
May 11, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
31.61
-37.28
-5.67
Foreign Corporates
8,055.42
-3,580.02
4,475.39
Overseas Pakistani
591.52
-334.07
257.45
Grand Total
8,678.55
-3,951.37
4,727.18
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
11-May-12
14-May-12
Change
Gross Buy
388.13
14.39%
93.66
193.67%
6.22
8.68
39.63%
Gross Sell
-307.54
12.95%
-52.13
66.96%
-5.37
-3.95
-26.43%
Net Buy/(Sell)
78.80
14.89%
40.61
6104.34%
0.84
4.73
459.60%
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
-
-
15.87
-
-
-1.83
-
0.09
-0.09
Luxembourg
47.62
-
-
33.00
-
-
-22.39
0.22
0.99
-0.77
Switzerland
42.70
0.91
-
40.17
1.27
-
2.26
-
3.37
-3.28
UAE
7.43
0.52
-
4.23
4.46
-
-1.27
-
-
-
UK
81.61
18.13
-
148.95
0.29
3.47
-53.03
2.13
1.75
0.38
USA
176.23
-
-
273.54
-
19.06
-116.36
0.91
2.05
-1.14
Total
450.78
22.23
-
607.29
8.71
29.22
-172.68
5.35
8.26
-2.82
News Clippings
Economy

Temporary arrangement: Provinces to receive 80% of sales tax on services

Despite the absence of two of its five members, one of the highest financial governance bodies in the country went ahead and made critical revenue-sharing decisions in a meeting on Monday, raising questions about the legitimacy of those decisions. more... (ET)

Pak-UK trade to reach 2.5bn sterling by 2015

A framework for investment has been signed with the British Government during the recent visit of Prime Minister Yousuf Raza Gilani to London in which the bilateral trade volume would be increased to 2.5 billion sterling by the year 2015. more... (BR)

Tax-to-GDP ratio will rise to 15pc of GDP by 2014-15, NFC informed

The National Finance Commission (NFC) Award Implementation Committee was informed here on Monday that tax-to-gross domestic product (GDP) ratio will be increased gradually to 15 percent of the GDP by terminal year 2014-15 by plugging revenue leakages, streamlining taxation system, effectively taxing agriculture and real estate sector by the provinces. more... (DT)

Dollar moves slightly up versus rupee

The dollar went slightly up versus the rupee in the interbank market, dealers said on Monday. The dollar commenced the day’s trading at Rs 90.84 for buying, gained a single paisa and closed at Rs 90.85 for buying and Rs 90.90 for selling. more... (DT)

Company & Sector Update

DIBPL, Western Union ink deal

Dubai Islamic Bank, Pakistan has entered into a deal with Western Union for money transactions.In a press release issued on Monday, the bank said: “The Bank will provide Western Union inbound money transfer services through its 76 branches across 30 major cities in Pakistan. This service will cater to the needs of people in Pakistan who wish to receive money promptly from abroad.” more.. (D)

SECP, CMA sign MoU

The Securities and Exchange Commission of Pakistan (SECP) and Capital Market Authority (CMA), Sultanate of Oman, signed a memorandum of understanding to boost regulatory cooperation and information sharing. more... (D)

Limit for unsecured guarantees doubled

The State Bank of Pakistan on Monday doubled the limit for issuance of unsecured guarantees by banks and DFIs. The central bank stated that amendments had been made to the Prudential Regulations for Corporate and Commercial Banking to provide flexibility to the banks and DFIs. more... (D)

Iraq venture: Chinese firm backs out; PPL to proceed alone

Chinese firm Zhenhua has decided not to partner with Pakistan Petroleum Limited and invest in Iraq due to security issues, The Express Tribune has learnt. more... (ET)

Political

Govt must not restore NATO supply routes’

Shah Mahmood Qureshi on Monday warned the government against re-opening Nato supply routes to Afghanistan.The Pakistan Tehreek-i-Insaf vice chairman was talking to reporters at the party’s media office, a week before the Defence Committee of the Cabinet (DCC) meets to take a decision.more... (ET)

Cold shoulder: Jamaat-e-Islami snubs PML-N alliance offer

After Imran Khan led Pakistan Tehreek-e-Insaf (PTI), Jamaat-e-Islami (JI), a party considered to have significant street power, has also given cold shoulder to Pakistan Muslim League-Nawaz that has been striving to muster support for a mass agitation against Pakistan Peoples Party led regime. more... (ET)

Nawaz should stop dreaming about conquering Sindh’

Senior Education and Literacy Minister Pir Mazharul Haq has said that Pakistan People’s Party (PPP)’s recently held gathering at Kamoon Shaheed proved that PPP is the largest and most popular political party of country and millions of people were with it. He expressed these views while talking to various delegations at his office here on Monday. more... (DT)

Lawyers urge Nawaz to end political deadlock

A lawyers’ delegation, led by former Supreme Court Bar Association (SCBA) president Asma Jahangir, on Monday met Nawaz Sharif, chief of his own faction of Pakistan Muslim League (PML-N), at his Raiwind residence. The delegation urged Nawaz to play his role to end the current political deadlock. more... (DT)

GCC

Kingdom says $100 per barrel great price for oil

High oil prices are threatening the global economic recovery, the Executive Director of the International Energy Agency Maria van der Hoeven said yesterday. more... (Gulf Base)

CMA luring family firms to Saudi stock market

Capital market authority (CMA) is conducting talks with some of family-owned companies to have them listed on local Saudi stock exchange (Tadawul), according to financial sources. CMA plans to attract as many family companies. more... (Gulf Base)

Gold edges up on bargain hunting

Gold edged up yesterday as bargain hunters lifted prices from four-month lows, but gains were capped as an inconclusive Greek election raised the risk the country could exit the Eurozone and fanned fears of a worsening debt crisis in the region.more. (Gulf News)

Qatar Airways in strategic alliance with Flexjet

Qatar Airways yesterday said it has signed a "strategic alliance" with fractional jet programme provider Flexjet, a unit of Canadian planemaker Bombardier, in order to expand its private jet business. more... (Gulf News)

Quote of the Day:

" If you have built castles in the air, your work need not be lost; that is where they should be. Now put foundations under them." Henry David Thoreau




 
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
14-May-12
11-May-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.17
-0.26%
11.30%
11.22%
8.30
     
14-May-12
11-May-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
917.50
868.36
49.14

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.53
11.69
11.77
11.86
Offer
12.03
11.94
12.02
12.36

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.90
11.70
11.75
11.80
11.90
12.00
Low  
11.90
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
91.85
120.20
1.15
148.40
25.05
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
13.00
13.05
10 Y-PIB
13.29
13.24
13.27
13.32

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.85
1.46
1.77
1.88
3.21
8.52
13.24
Change bps
-1.00
-6.00
-5.00
-8.00
-8.00
-4.70
-3.00

Commodities

     
14-May-12
15-May-12
change
WTI (USD/bbl)    
95.55
94.34
-1.27%
     
Brent (USD/bbl)    
111.94
111.11
-0.74%
     
Arab Light (USD/bbl)    
111.00
110.29
-0.64%

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)
6,000.00
6,100.00
-1.64%
International
Current
Previous
Change
Coal Spot(USD/ton)
99.95
101.55
-1.58%
Gold Futures(USD/oz)
1,554.20
1,581.40
-1.72%
Sugar 11 (USD/lb)
20.27
20.22
0.25%
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)
7,900.00
8,103.00
-2.51%

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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.