BasedLine

Date: 16-May-2012
KSE-100 Index
Previous Index 14,228.77
Current Index 14,313.67
Change % 0.60%
YTD (CY12) 26.14%
YTD (FY12) 14.55%
KSE-100 Index
Previous Index 24,558.99
Current Index 24,764.91
Change % 0.84%
YTD (CY12) 22.98%
YTD (FY12) 18.29%
International Indicators
 
Close
%age
BSE-30 16,328.25 0.69
HANGSENG 19,894.31 0.81
NIKKEI 225 8,900.74 -0.81
FTSE 5,437.62 -0.51
DJIA 12,632.00 -0.50
SSEC 2,364.28 -0.44
NASDAQ 2,893.76 -0.50
 
Close
%age
TASI 7,104.24 0.51
KSE(Kuwait) 6,441.35 0.14
BSE 1,155.85 -0.07
MSM 5,587.14 -1.19
ADX 2,473.32 0.01
DFM 1,486.36 0.30
QSE 8,491.32 0.03
Capital Market Overview

Market watch: Index recovers as Pak-US relations gradually ease

The stock market recovered some of its recently-eroded gains on Tuesday, as some clarity was achieved on the future of US-Pakistan relations. The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.60% or 84.90 points to end at the 14,313.67 point level. more... (ET)

NAVs and Returns
as of May 15, 2012
Funds Offer Redemption
POGSF
10.1095/-
10.1095/-
YTD Return
10.63%
POAIIF
52.1051/-
51.5840/-
YTD Return
11.27%
POAAAF
53.53/-
52.19/-
YTD Return
3.31%
POIAAF
61.25/-
59.72/-
YTD Return
14.30%
POAF
11.28/-
YTD Return
10.69%
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
39.21
3,372
123.21
6.07
26.14%
KSE30
7.68
660
78.41
4.29
22.81%
KMI30
5.38
463
59.21
3.16
22.98%
KSE All
41.77
3,592
152.80
6.30
27.81%
May 15 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
178.32
118.08
-10.53%
OGDC
17.50
162.80
158.95
6.41%
UBL
2.00
82.66
45.42
33.52%
LUCK
1.70
128.91
38.60
81.97%
May 15, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
108.63
-45.65
62.98
Foreign Corporates
4,398.19
-7,814.87
-3,416.69
Overseas Pakistani
648.54
-944.98
-296.44
Grand Total
5,155.36
-8,805.50
-3,650.14
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
14-May-12
15-May-12
Change
Gross Buy
393.17
15.87%
98.70
209.47%
8.68
5.16
-40.60%
Gross Sell
-316.14
16.11%
-60.74
94.52%
-3.95
-8.81
-122.85%
Net Buy/(Sell)
75.32
9.80%
37.12
5571.45%
4.73
-3.65
-177.22%
S.C.R.A
Country
During the Period FY12TD
14-05-2012
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
-
-
-
Luxembourg
47.62
-
-
33.00
-
-
-22.39
0.12
0.02
0.10
Switzerland
42.70
0.91
-
40.17
1.27
-
2.26
-
0.23
-0.23
UAE
7.43
0.52
-
4.23
4.46
-
-1.27
-
0.55
-0.55
UK
81.61
18.13
-
148.95
0.29
3.47
-53.03
4.78
0.11
4.67
USA
176.23
-
-
273.54
-
19.06
-116.36
-
5.87
-5.87
Total
450.78
22.23
-
607.29
8.71
29.22
-172.68
7.43
6.81
0.63
News Clippings
Economy

Exports to India increase by 2.8pc

The exports from the country to India witnessed 2.8 percent increase during the first quarter of the ongoing fiscal year (2011-12) as compared to the same period of last year. more... (BR)

Government borrowings surge past Rs one trillion

The federal government's borrowing for budgetary support spiked to a record level of Rs 1.058 trillion, swelling by 58 percent during the current fiscal year. The unprecedented increase was attributed to rising current expenditure, billions of rupees subsidies being paid on commodities and slow foreign inflows. more... (BR)

FDI drops by 48 percent in 10 months

The Foreign Direct Investment (FDI) has dropped by 48 percent during the first ten months (July-April) of current fiscal year mainly due to lack of foreign investors' interest owing to adverse law & order situation. more... (BR)

Afghanistan wants Pakistan to export furnace oil

Afghanistan has asked Pakistan for the first time to allow import of furnace oil to meet the requirement of its power plants. “The government charges General Sales Tax (GST) on use of furnace in local power plants and Afghanistan will have to pay the same if exports are allowed,” the official said. more... (ET)

Company & Sector Update

Pakistan elected to global securities board

The Securities and Exchange Commission of Pakistan (SECP) has announced that it has been elected to the International Organisation of Securities Commissions (IOSCO) Board established at the IOSCO annual conference in Beijing on Tuesday. more.. (ET)

MoF urged to release Rs 2bn for Thar Coal Project

Federal Finance Ministry has been urged to immediately release funds for Thar Coal project, which is the most important venture for not only the industrial sector but for the national economy. more... (DT)

SBP to implement global accounting standards

State Bank of Pakistan (SBP) has decided to implement International Bank Account Number (IBAN) standard in the country with a view to bring account code standardisation and efficiency in processing of payments for domestic as well as cross-border transactions, according to a press statement. more... (ET)

PPL spends millions on foreign trips

Top officials of state-owned oil and gas explorer Pakistan Petroleum Limited (PPL) including its managing director have made unauthorised expenditures worth millions of rupees on foreign trips without obtaining prior approval of relevant authority. more... (ET)

Political

Government decides to end Nato blockade

Pakistan on Tuesday agreed, in principle, to open supply for Nato/Isaf forces in Afghanistan on condition that only non-lethal cargo would be allowed transit through Pakistan. The decision was taken by the Defence Committee of the Cabinet, which met here under chairmanship of Prime Minister Syed Yousuf Raza Gilani. more... (BR)

Pak economy needs reforms to overcome challenges: Morris

Pakistan's economy requires immediate reforms to overcome challenges because any more delay in initiating much-needed sector-specific reforms would further aggravate the situation. This was the upshot of the presentation given by the USAID Chief Economist Thomas Morris on the state of Pakistan's economy. more... (BR)

‘Trade between Pakistan and India to be mutually beneficial’

Steps taken by the governments of Pakistan and India to initiate bilateral trade are a welcome sign, United States Agency for International Development (USAID) Chief Economist Thomas Morris has said. more... (ET)

Nawaz Sharif says he will never allow bifurcation of Sindh

Pakistan Muslim League-Nawaz (PML-N) President Muhammad Nawaz Sharif on Monday said he had no objection over any bifurcation of Punjab, but he would never allow the same for Sindh.. more... (DT)

GCC

UAE joins 11-member Gas Exporting Countries Forum

The Gas Exporting Countries Forum is an intergovernmental organisation of 11 of the world's leading natural gas producers made up of Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago and Venezuela. more... (Gulf News)

Gulf software piracy hits Dh3.12b as IT industry growth rockets

Software piracy losses in the Gulf states rose to $850 million (Dh3.12 billion) in 2011, up 11.55 per cent over the $762 million incurred in 2010 due to the unprecedented growth of the IT industry. more... (Gulf News)

Qatar shares inch higher to snap 4-day losing streak

Buying support from local retail investors largely helped the Qatar Exchange (QE) overcome strong bearish pressure exerted by domestic institutions as the bourse closed positive, albeit at lower levels.more. (Gulf Base)

Kuwait Energy reports record net profit of $34.8 million for 2011

Kuwait Energy plc, one of the fastest growing independent oil and gas companies in the Middle East, announced in a press statement on Tuesday, its financial and operational results for the year 2011 during its annual meeting of shareholders. more... (Gulf Base)

Quote of the Day:

" Develop success from failures. Discouragement and failure are two of the surest stepping stones to success." Dale Carnegie




 
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
15-May-12
14-May-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.98
-0.22%
11.37%
11.30%
7.00
     
15-May-12
14-May-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
939.16
917.50
21.66

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.54
11.70
11.77
11.87
Offer
12.04
11.95
12.02
12.37

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

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
91.95
120.20
1.15
148.50
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
13.03
13.00
13.00
13.05
10 Y-PIB
13.28
13.25
13.24
13.32

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.84
1.47
1.76
1.89
3.24
8.50
13.25
Change bps
-1.00
1.00
-1.00
1.00
3.00
-2.20
1.00

Commodities

     
15-May-12
16-May-12
change
WTI (USD/bbl)    
94.34
92.75
-1.69%
     
Brent (USD/bbl)    
111.11
111.10
-0.01%
     
Arab Light (USD/bbl)    
110.29
110.81
0.47%

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)
1,535.20
1,554.20
-1.22%
Sugar 11 (USD/lb)
20.40
20.27
0.64%
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.