BasedLine

Date: 21-May-2012
KSE-100 Index
Previous Index 14,063.08
Current Index 13,857.78
Change % -1.46%
YTD (CY12) 22.12%
YTD (FY12) 10.90%
KSE-100 Index
Previous Index 24,337.43
Current Index 23,865.64
Change % -1.94%
YTD (CY12) 18.51%
YTD (FY12) 13.99%
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

Weekly Review: KSE-100 drops below 14,000 points

The stock market continued to suffer heavy losses for the second week in a row, resulting in the benchmark KSE-100 index dropping below 14,000 points during the week ended on May 18. more... (ET)

NAVs and Returns
as of May 21, 2012
Funds Offer Redemption
POGSF
10.1166/-
10.1166/-
YTD Return
10.61%
POAIIF
52.1390/-
51.6176/-
YTD Return
11.23%
POAAAF
51.99/-
50.69/-
YTD Return
0.34%
POIAAF
59.68/-
58.19/-
YTD Return
11.37%
POAF
11.29/-
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
37.89
3,258
129.29
4.76
22.12%
KSE30
7.36
633
83.38
3.70
17.70%
KMI30
5.17
445
66.57
2.67
18.51%
KSE All
41.01
3,527
175.71
5.16
23.94%
May 18 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
169.99
118.24
-14.71%
OGDC
17.50
158.28
159.16
3.46%
UBL
2.00
78.67
45.48
27.07%
LUCK
1.70
121.52
38.65
71.54%
May 18, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
118.66
-113.73
4.93
Foreign Corporates
1,147.13
-2,422.44
-1,275.31
Overseas Pakistani
525.81
-480.06
45.75
Grand Total
1,791.60
-3,016.24
-1,224.63
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
17-May-12
18-May-12
Change
Gross Buy
400.08
15.59%
105.60
75.28%
2.86
1.79
-37.45%
Gross Sell
-330.25
19.18%
-74.85
46.06%
-7.26
-3.02
58.46%
Net Buy/(Sell)
68.27
-3.32%
30.07
241.61%
-4.40
-1.22
72.15%
S.C.R.A
Country
During the Period FY12TD
16-05-2012
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
-
-
-
Luxembourg
47.86
-
-
33.00
-
-
-22.41
-
0.03
-0.03
Switzerland
42.70
1.00
-
40.75
1.27
-
1.68
-
0.07
-0.07
UAE
7.45
0.52
-
4.78
4.46
-
-1.78
0.02
-
0.02
UK
91.40
18.13
-
154.23
0.29
3.47
-48.52
2.69
2.50
0.20
USA
176.66
-
-
288.26
-
19.06
-130.65
0.25
6.84
-6.59
Total
466.51
22.33
-
630.85
8.71
29.22
-180.51
4.11
9.80
5.68
News Clippings
Economy

Budget to focus jobs, uplift: Shaikh

Finance Minister Dr. Hafeez Sheikh has said that the important targets in the next financial budget would be to create new opportunity of employment and achieve the economic development.
more... (TFD)

Straight transfers, grants-in-aid: `: provinces to get an extra Rs 100.4 billion

Finance Ministry has informed the National Finance Commission (NFC) meeting that provinces would be transferred Rs 680 billion from the total tax collection of Rs 1236 billion in divisible pool for July-March 2011-12 with Rs 503 billion share of the Federal government, it was learnt. more... (BR)

Next fiscal year: Govt likely to keep petroleum levy target unchanged

The government is likely to set the target for petroleum levy on oil products at Rs120 billion for next financial year 2012-13, which is the same as fixed for the current year. more... (ET)

THE RUPEE: dollar crosses 92 in open market

The rupee crossed 92 mark against dollar in the open market dealings during the week, ended on May 19, 2012. It is most likely that the local currency may hit 91.00 in terms of the greenback in the interbank market next week due to strong demand for dollars. more... (BR)

Company & Sector Update

Pakistani auto parts makers to take part in Dubai expo

The delegation, under the banner of the Pakistan Association of Automotive Parts Accessories Manufacturers (PAAPAM), hopes to fetch orders worth millions of dollars from their participation in the international expo. more.. (ET)

Agribusiness: JDW Sugar aims for global competitiveness

Despite operating in a highly protected market, JDW Sugar Mills Managing Director Jahangir Tareen seems remarkably obsessed with building a globally competitive business, even as he continues to advocate government protection for his industry. more... (ET)

FED on cement likely to be reduced by Rs 250/ton

The federal government is likely to cut Federal Excise Duty (FED) on cement up to Rs 250 per ton in the upcoming budget for fiscal year 2012-2013. Sources in cement sector told Business Recorder on Saturday that the federal government was likely to announce some relief package for cement industry in the wake of rising energy cost and lower dispatches. more... (BR)

Power sector owing Rs 205 billion to PSO

The Pakistan State Oil's (PSO) liabilities against power sector have surged to Rs205 billion and resultantly the company has reduced fuel supply to the power sector, it is learnt. more... (BR)

Political

Pakistan to seek $1bn CSF funds from NATO

President Asif Ali Zardari will reportedly demand $1 billion from NATO as compensation for the war on terror and its dire consequences on the country’s economy. more... (DT)

Extradition pacts with Europe stalled by death penalty

With a continuing deadlock over Pakistan’s efforts to extradite former president Pervez Musharraf from the UK, Islamabad is expediting efforts to conclude extradition treaties with European countries at the earliest, according to the Foreign Office. more... (ET)

PPP leadership determined to destroy every institution: Nawaz

Pakistan Muslim League-Nawaz (PML-N) President Nawaz Sharif on Sunday said that the Pakistan People’s Party (PPP) leadership was determined to destroy each and every institution of the country for the sake of power. more... (DT)

Zardari, Karzai agree to extend transit trade

Pakistan and Afghanistan on Sunday agreed in principle to extend the Afghanistan-Pakistan Transit Trade Agreement beyond Afghanistan to the countries in Central Asia. more... (DT)

GCC

Saudi mulls deportation of expatriate debtors

Saudi Arabia is considering the abolition of prison sentences against small expatriate debtors and replacing them with deportation in line with an agreement with creditors, a newspaper said on Monday. more... (Zawya)

Saudi 2012 oil income seen at all-time high

High oil prices and an expected sharp rise in Saudi Arabia's crude output will likely boost its oil export earnings to an all time high in 2012 and this will expand its fiscal surplus and foreign assets, according to local forecasts. more... (Zawya)

Commercial fraud costs UAE Dh500m a year

Commercial fraud costs the UAE Dh500 million a year and counterfeit automobile spare parts, cosmetics, electric appliances and tobacco account for much of the fraud, according to experts. more. (Zawya)

Bahrain condemns Iran's Gulf 'flagrant meddling'

The government of Bahrain condemned on Sunday Iran's continued "flagrant meddling" in Gulf affairs after the Islamic republic slammed plans for union between the Shiite-majority kingdom and Saudi Arabia. more... (Zawya)

Quote of the Day:

"Flaming enthusiasm, backed up by horse sense and persistence, is the quality that most frequently makes for 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 (May 11, 2012)
$16.41 bn
Trade Balance ( July-Apr 12)
$-17.65bn
Curr. A/C (July 11-Apr 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 - Apr 12) 10.4%

Money Market

 
Price
Change
18-May-12
17-May-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.59
-0.37%
11.53%
11.41%
11.90
     
18-May-12
17-May-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
977.32
974.13
3.19

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.55
11.70
11.77
11.88
Offer
12.05
11.95
12.02
12.38

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.90
11.75
11.70
11.80
11.90
12.00
Low  
11.90
11.65
11.60
11.70
11.75
11.80

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
92.95
119.00
1.15
146.50
25.15
0.97
0.74

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
0.85
1.43
1.74
1.82
3.14
8.53
13.24
Change bps
2.00
2.00
3.00
-2.00
4.00
3.20
0.00

Commodities

     
18-May-12
21-May-12
change
WTI (USD/bbl)    
92.57
91.91
-0.71%
     
Brent (USD/bbl)    
107.60
107.83
0.21%
     
Arab Light (USD/bbl)    
107.50
106.84
-0.61%

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
47,571.00
46,285.00
2.78%
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)
1,598.00
1,573.90
1.53%
Sugar 11 (USD/lb)
20.47
20.86
-1.87%
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.