BasedLine

Date: 22-May-2012
KSE-100 Index
Previous Index 13,857.78
Current Index 13,875.74
Change % 0.13%
YTD (CY12) 22.28%
YTD (FY12) 11.04%
KSE-100 Index
Previous Index 23,865.64
Current Index 23,889.65
Change % 0.10%
YTD (CY12) 18.63%
YTD (FY12) 14.11%
International Indicators
 
Close
%age
BSE-30 16,183.26 0.19
HANGSENG 18,922.32 -0.16
NIKKEI 225 8,633.89 0.26
FTSE 5,304.48 0.70
DJIA 12,504.48 1.09
SSEC 2,360.59 0.52
NASDAQ 2,847.21 2.46
 
Close
%age
TASI 7,029.35 0.71
KSE(Kuwait) 6,415.24 -0.10
BSE 1,146.44 -0.21
MSM 5,623.22 0.08
ADX 2,468.49 0.21
DFM 1,488.09 1.47
QSE 8,423.30 0.24
Capital Market Overview

Market Watch: Bourse wanders along the neutral line

The stock market wandered along the neutral line on Monday while trade activity more than halved against the previous trading session The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.13 per cent or 17.96 points to end at the 13,875.74 point level. more... (ET)

NAVs and Returns
as of May 22, 2012
Funds Offer Redemption
POGSF
10.1253/-
10.1253/-
YTD Return
10.60%
POAIIF
52.1722/-
51.6505/-
YTD Return
11.20%
POAAAF
51.89/-
50.59/-
YTD Return
0.14%
POIAAF
59.71/-
58.22/-
YTD Return
11.43%
POAF
11.30/-
YTD Return
10.67%
Funds Rating
AMC
AM3
POAIIF
A+ (f)
POAF
AA-
POAAAF
3 Star
POIAAF
5 Star
  Apr-12 Mar-12
MoM (%)
AUM's (PKR bn) 384.32 330.78 16.18
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
37.95
3,263
46.36
1.86
22.28%
KSE30
7.37
634
23.60
1.36
17.95%
KMI30
5.18
445
16.04
0.81
18.63%
KSE All
41.15
3,539
81.45
2.12
24.10%
May 18 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
172.46
117.46
-14.71%
OGDC
17.50
160.01
158.11
3.46%
UBL
2.00
77.11
40.66
27.07%
LUCK
1.70
122.08
38.40
71.54%
May 18, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
25.29
-11.15
14.14
Foreign Corporates
1,686.58
-797.69
888.89
Overseas Pakistani
201.96
-193.36
8.60
Grand Total
1,913.82
-1,002.20
911.63
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
18-May-12
21-May-12
Change
Gross Buy
401.95
16.13%
107.48
78.39%
1.79
1.91
6.82%
Gross Sell
-331.23
19.53%
-75.83
47.97%
-3.02
-1.00
66.77%
Net Buy/(Sell)
69.14
-2.08%
30.95
251.50%
-1.22
0.91
174.44%
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

Pakistan debt servicing payment up by 72 percent

Pakistan debt servicing payment increased steeply by 72 percent in the third quarter of the financial year 2012 on the scheduled repayment of International Monetary Fund (IMF) loans and huge amount on the account of external debt liabilities. more... (DT)

Indo-Pak: Bilateral trade down 30% to $1.56b

Bilateral trade between India and Pakistan has declined by about 30% to $1.56 billion during April 2011 and January 2012, according to the Press Trust of India. more... (ET)

Govt likely to expand next year’s budget

The federal government is likely to increase the size of next fiscal’s budget to Rs2.9 trillion, higher than what the cabinet approved in its budget strategy paper, a populist move aimed at creating space to give more subsidies and ‘relief’ in the all-important election year. more... (ET)

Budget deficit touches five percent of GDP

Budget deficit has surpassed the upwards revised target of 4.7 percent of the GDP and has touched five percent of the GDP mark (Rs 1 trillion) during the first 10 months (July-April) period of ongoing fiscal year 2011-12, official sources said on Monday. more... (DT)

Company & Sector Update

Agri credit surged by over 15pc to Rs 223.845bn in July-April 2012

Agricultural credit disbursement by banks surged by 15.29 percent on year-on-year basis to Rs 223.845 billion in July-April of the current fiscal 2011-12. more.. (DT)

Banks cash recovery, NPLs down in Q3 FY12

The banking sector’s cash recoveries were down by 29 percent and its non-performing loans (NPLs) dropped by 5.6 percent in the third quarter of the current financial year as compared with previous quarter. more... (DT)

Pharmaceuticals: Producers warn of shortage if prices stay unadjusted

Multinational and local pharmaceutical companies (MNCs) have warned the government about possible drug shortages saying that the government had not allowed an increase in prices – against inflation – making it financially unfeasible for them to continue supplying a number of medicines, a press release said on Monday. more... (ET)

Agreement: PSO to buy 65% of Byco products from new refinery

Byco Oil Pakistan and Pakistan State Oil have signed a product sale and purchase agreement which will ensure guaranteed sale of 65% of Byco’s petroleum products from its new refinery to PSO. more... (ET)

Political

Pak, Turkey vows to up trade ties

Pakistan and Turkey have decided to open banks branches in each other countries to boost bilateral trade to a new height of $ 2 billion by facilitating the businessmen. The two sides reached the understanding at 14th session of Pak-Turkey Joint Ministerial Commission (JMC) meeting of trade ministers on Monday. more... (TFD)

Electoral reforms package: ‘If less than 10% women vote, nullify poll result’

It is common practice in Khyber-Pakthunkhwa (K-P) to exclude women from voting in elections, usually through compromises and accords between political parties’ representatives in the region as well as family members. more... (ET)

Saddle up, the DPC long march starts on May 27

The Difa-e-Pakistan Council has announced its schedule for a countrywide ‘long march’ against the possible resumption of Nato supplies. more... (ET)

President bound to heed parliament over Nato supplies: Farhatullah Babar

President Asif Ali Zardari’s spokesman Farhatullah Babar said the perception that President Zardari had arrived in Chicago to announce the resumption of Nato supplies was proved wrong, DawnNews reported. more... (D)

GCC

World powers, Iran seek to write history in Baghdad

World powers and Iran hope to lay the groundwork for an end to the long-running crisis over Tehran's nuclear programme in talks in Baghdad on Wednesday, but the challenges are immense. more... (Zawya)

Debt rollover risks substantial for UAE firms: IMF

The International Monetary Fund said on Monday that refinancing the maturing debt of state-linked companies in the United Arab Emirates poses a challenge as the global financial environment remains volatile. more... (Zawya)

Arabtec Unit Says Aabar Interest In Co Underscores Growth Potential

ABU DHABI (Zawya Dow Jones)-- Arabtec Construction expects the U.A.E. to remain a key target market over the next five years, and sees Aabar Investments ' increased interest in the Dubai-based company underlining the sector's growth potential, according to its top executive. more. (Zawya)

KEC Madinah to deliver main infrastructure, 206 villas this year

The first phase of a gated villa district project comprising 206 villas, part of the USD 7 billion Knowledge Economic City (KEC) in Madinah, will be delivered before the end of June 2012, a person close to the project told Zawya. KEC Real Estate Company launched the Dar El Jiwar project in the middle of 2011. more... (Zawya)

Quote of the Day:

" Believe you can and you're halfway there. " Theodore Roosevelt



 
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
21-May-12
18-May-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.71
0.13%
11.49%
11.53%
-3.90
     
21-May-12
18-May-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
956.90
977.32
-20.42

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.52
11.72
11.79
11.88
Offer
12.02
11.97
12.04
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  
11.85
11.60
11.60
11.70
11.75
11.80

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
92.20
119.10
1.15
146.50
25.20
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
13.25
13.23
13.23
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

     
21-May-12
22-May-12
change
WTI (USD/bbl)    
91.91
92.67
0.83%
     
Brent (USD/bbl)    
107.83
109.04
1.12%
     
Arab Light (USD/bbl)    
106.84
108.88
1.91%

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)
440.50
442.63
-0.48%
Urea Fertilizer (Rs/bag)
1,730.83
1,795.33
-3.57%
Gold 24cr (Rs./10gm) Khi
47,441.50
47,571.00
-0.27%
Rice IRRI -6(Rs/100kg)
3,428.00
3,457.00
-0.84%
KCA Cotton (Rs/mound)
6,000.00
6,000.00
-1.64%
International
Current
Previous
Change
Coal Spot(USD/ton)
96.95
98.35
-1.42%
Gold Futures(USD/oz)
1,590.00
1,598.00
-0.50%
Sugar 11 (USD/lb)
20.38
20.47
-0.44%
Steel (USD/ton)
666.15
667.96
-0.27%
Wheat (CBT) (USD/bu)
704.00
695.25
1.26%
PTA (USD/ton)
1,105.00
1,145.00
-3.49%
Copper (USD/ton)
7,790.00
7,702.00
1.14%

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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.