BasedLine

Date: 18-May-2012
KSE-100 Index
Previous Index 14,313.67
Current Index 14,063.08
Change % -0.13%
YTD (CY12) 23.93%
YTD (FY12) 12.54%
KSE-100 Index
Previous Index 24,764.91
Current Index 24,337.43
Change % -0.05%
YTD (CY12) 20.86%
YTD (FY12) 16.25%
International Indicators
 
Close
%age
BSE-30 16,070.48 0.25
HANGSENG 19,200.93 -0.31
NIKKEI 225 8,876.59 0.86
FTSE 5,338.38 -1.24
DJIA 12,442.49 -1.24
SSEC 2,352.39 -1.11
NASDAQ 2,813.69 -2.10
 
Close
%age
TASI 7,099.90 -0.06
KSE(Kuwait) 6,429.09 -0.13
BSE 1,151.52 -0.41
MSM 5,656.77 0.23
ADX 2,467.85 0.03
DFM 1,475.58 0.65
QSE 8,455.33 -0.15
Capital Market Overview

Market watch: Stocks close flattish, as investors deliberate strategy

The stock exchange survived Thursday above the 14,000 points psychological barrier; after panic selling saw the market close deep in the red on Wednesday. Investor sentiments were mixed, and the market closed flattish amidst thinner volumes of trade. more... (ET)

NAVs and Returns
as of May 17, 2012
Funds Offer Redemption
POGSF
10.1141/-
10.1141/-
YTD Return
10.61%
POAIIF
52.1287/-
51.6074/-
YTD Return
11.24%
POAAAF
53.85/-
51.53/-
YTD Return
2.00%
POIAAF
60.75/-
59.23/-
YTD Return
13.36%
POAF
11.28/-
YTD Return
10.68%
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
38.49
3,311
103.30
4.67
23.93%
KSE30
7.54
648
66.56
3.52
20.58%
KMI30
5.29
455
50.53
2.40
20.86%
KSE All
41.10
3,535
143.06
5.01
25.70%
May 17 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
174.36
118.08
-12.51%
OGDC
17.50
160.22
158.95
4.73%
UBL
2.00
82.81
45.42
33.76%
LUCK
1.70
125.73
38.60
77.48%
May 17, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
51.06
-71.19
-20.13
Foreign Corporates
2,359.26
-6,557.34
-4,198.08
Overseas Pakistani
454.16
-633.01
-178.85
Grand Total
2,864.49
-7,261.54
-4,397.05
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
16-May-12
17-May-12
Change
Gross Buy
398.32
16.42%
103.85
163.61%
2.41
2.86
18.09%
Gross Sell
-327.31
19.90%
-71.90
100.14%
-4.16
-7.26
-74.50%
Net Buy/(Sell)
69.44
-1.88%
31.24
820.25%
-1.75
-4.40
-150.86%
S.C.R.A
Country
During the Period FY12TD
15-05-2012
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
14.06
-
-
16.55
-
-
-2.49
0.02
0.67
-0.65
Luxembourg
47.86
-
-
33.00
-
-
-22.38
0.12
0.21
-0.09
Switzerland
42.70
1.00
-
40.68
1.27
-
1.75
-
0.28
-0.28
UAE
7.45
0.52
-
4.78
4.46
-
-1.80
0.02
-
0.02
UK
88.71
18.13
-
151.73
0.29
3.47
-48.71
2.32
2.67
-0.35
USA
176.41
-
-
281.42
-
19.06
-124.06
0.18
2.02
-1.84
Total
462.40
22.33
-
621.06
8.71
29.22
-174.83
4.19
6.96
2.77
News Clippings
Economy

Pakistan forex reserves drop to $16.103bn

Pakistan's foreign exchange reserves dropped to $16.103 billion in the week ending May 11 from $16.416 billion the previous week, the central bank said on Thursday. more... (BR)

Pak-India trade volume to be increased up to $10bn

National Standing Committee on Commerce was informed on Thursday that the trade volume between Pakistan and India would be increased up to the level of US $ 10 billion. more... (BR)

Pakistan July-April c/a deficit increases to nearly $3.4bn

Pakistan's current account deficit widened to a provisional $3.394 billion in the first 10 months of the 2011/12 fiscal year from $3.081 billion in the first nine, the central bank said on Thursday. more... (BR)

Incentives for businesses in next budget: Hafeez

Federal Finance Minister Dr Abdul Hafeez Shaikh has said that the government will give incentives to the business community and people to achieve economic stability in the next budget. more... (ET)

Company & Sector Update

PSO cuts oil product requirements for May-July

Pakistan State Oil (PSO) has cut its total oil product requirements for May to July by 20 percent, after dropping plans to buy a jet fuel cargo and three low sulphur fuel oil cargoes, industry sources said on Thursday. more.. (BR)

India may lease out 50 locomotives to Pakistan

Following the energy’s sector lead by lending a hand across the border, Indian Railways is considering the proposal to provide 50 diesel locomotives on hire to Pakistan. more... (ET)

Massive increase in power tariff

Besides recent massive increase in power tariff by the Ministry of Water and Power up to 16 percent, bureaucratic regime of power sector on Thursday forecasted two more major jumps in electricity prices during the next two months in context of tariff differential. more... (DT)

PAC forms body to check wrongdoing of auto sector

The Public Accounts Committee (PAC) on Thursday formed a sub-committee to check the wrongdoings of the auto sector, which always raised prices of their products frequently without justification and directed to submit detailed recommendation before the annual budget 2012-13. more... (DT)

Political

$32 million money laundering scandal

The National Accountability Bureau (NAB) on Thursday said it has started investigations against the Sahrif brothers in a $32 million money laundering scandal. more... (DT)

‘Pak, India cannot be treated equally on nuclear issue’

Australian High Commissioner Tim George on Thursday said that Pakistan and India had different cases and both could not be treated equally for provision of civil nuclear technology from Australia. more... (DT)

Iran, Pakistan, Israel most negatively rated countries: BBC poll

Pakistan was ranked second in the list of most negatively rated countries in the world by a global poll for BBC World Service, which surveyed 24,090 people around the world. more... (ET)

Maulana Fazl advises PML-N to remove Chaudhry Nisar as opposition leader

The Jamiat Ulema-e-Islam-Fazl (JUI-F) on Thursday is said to have has ‘advised’ Pakistan Muslim League-Nawaz (PML-N) to replace Opposition Leader in the National Assembly Chaudhry Nisar Ali Khan with some ‘reasonable’ person if it wants to succeed in its plan to form a grand anti-government alliance. more... (ET)

GCC

Bahrain warns Iran against meddling in its affairs

Bahrain on Thursday warned Iran to stop interfering in its internal affairs while affirming its support for a union between the six nations of the Gulf Cooperation Council. more... (BR)

Al-Qaeda chief urges Saudis to rise up against rulers

Al-Qaeda chief Ayman al-Zawahiri urged Saudis to follow Tunisians, Egyptians and Libyans in rising up against their rulers, US-based monitors said Thursday. more... (Zawya)

US group to send 22 observers to Egypt's election: US

The Atlanta-based Carter Center has the green light to send 22 observers to monitor Egypt's presidential election next week, the US State Department said Thursday. more. (Zawya)

Massive construction spending to support Qatar cement demand

Massive investment in Qatar’s construction sector on the back of “strong economic fundamentals” will trigger demand for cement, a new report has said. more... (Gulf Base)

Quote of the Day:

"All change is not growth, as all movement is not forward." Ellen Glasgow




 
Economic Highlights
Economic Indicators
GDP Growth FY12E
3.60%
GDP -2011
$180 bn
Per Capita Income FY11
$1,254
Population
178.09mn
US$ Reserves (May 11, 2012)
$16.41 bn
Trade Balance ( July-Apr 12)
$-17.65bn
Curr. A/C (July 11-May 12)
$-3.39bn
Remittances (July 11- Apr 12)
$10.88bn
Foreign Investment (Jul 11-Apr 12)
$563mn
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
17-May-12
16-May-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.91
0.39%
11.41%
11.53%
-11.80
     
17-May-12
16-May-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
974.13
959.91
14.22

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
11.80
11.75
11.85
11.90
12.00
Low  
11.90
11.70
11.60
11.65
11.75
11.80

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
92.10
119.00
1.15
147.80
25.17
0.98
0.73

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.85
11.90
11.98
Last Cut Off.
11.87
11.94
11.95
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
13.00
12.99
12.99
13.05
10 Y-PIB
13.26
13.24
13.24
13.32

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.83
1.41
1.71
1.84
3.10
8.50
13.24
Change bps
0.00
-6.00
-7.00
-4.00
-16.00
-2.20
0.00

Commodities

     
17-May-12
18-May-12
change
WTI (USD/bbl)    
93.23
92.57
-0.71%
     
Brent (USD/bbl)    
109.38
107.60
-1.63%
     
Arab Light (USD/bbl)    
109.18
107.50
-1.54%

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)
442.63
441.63
0.23%
Urea Fertilizer (Rs/bag)
1,795.33
1,798.75
-0.19%
Gold 24cr (Rs./10gm) Khi
46,285.00
46,114.00
0.37%
Rice IRRI -6(Rs/100kg)
3,458.00
3,459.00
-0.03%
KCA Cotton (Rs/mound)
6,000.00
6,000.00
-1.64%
International
Current
Previous
Change
Coal Spot(USD/ton)
98.35
99.95
-1.68%
Gold Futures(USD/oz)
1,573.90
1,535.20
1.70%
Sugar 11 (USD/lb)
20.86
20.73
0.63%
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)
7,694.50
7,695.00
-0.01%

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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.