BasedLine

Date: 23-May-2012
KSE-100 Index
Previous Index 13,875.74
Current Index 14,142.08
Change % 1.92%
YTD (CY12) 24.63%
YTD (FY12) 13.17%
KSE-100 Index
Previous Index 23,889.65
Current Index 24,357.81
Change % 1.96%
YTD (CY12) 20.96%
YTD (FY12) 16.34%
International Indicators
 
Close
%age
BSE-30 16,026.41 -0.97
HANGSENG 19,039.15 0.62
NIKKEI 225 8,729.29 1.10
FTSE 5,403.28 1.86
DJIA 12,502.81 -0.01
SSEC 2,354.80 -0.78
NASDAQ 2,839.08 -0.29
 
Close
%age
TASI 7,103.52 1.06
KSE(Kuwait) 6,381.01 -0.53
BSE 1,138.32 -0.71
MSM 5,750.36 2.26
ADX 2,471.05 0.10
DFM 1,496.56 0.57
QSE 8,498.73 0.90
Capital Market Overview

Market watch: Stock market bounces back in style

The stock market bounced back in style on Tuesday as Pakistan seems to be in the driving seat in Pak-US ties and recovery in regional markets.The Karachi Stock Exchange’s (KSE) benchmark 100-share index surged 1.92 per cent or 266.34 points to end at the 14,142.08 point level after shedding 373 points last week. more... (ET)

NAVs and Returns
as of May 22, 2012
Funds Offer Redemption
POGSF
10.1283/-
10.1283/-
YTD Return
10.60%
POAIIF
52.1852/-
51.6633/-
YTD Return
11.19%
POAAAF
53.05/-
51.72/-
YTD Return
2.38%
POIAAF
60.56/-
59.05/-
YTD Return
13.01%
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
38.67
3,325
122.98
4.86
24.63%
KSE30
7.53
648
68.57
3.80
20.51%
KMI30
5.28
454
50.71
2.73
20.96%
KSE All
41.84
3,599
179.11
5.26
26.46%
May 22 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
176.02
117.46
-11.68%
OGDC
17.50
163.47
158.11
6.85%
UBL
2.00
78.03
40.66
26.04%
LUCK
1.70
127.31
38.40
79.71%
May 22, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
10.20
-29.03
-18.84
Foreign Corporates
3,033.32
-1,963.55
1,069.77
Overseas Pakistani
382.13
-378.57
3.56
Grand Total
3,425.64
-2,371.14
1,054.50
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
21-May-12
22-May-12
Change
Gross Buy
405.29
17.10%
110.82
83.95%
1.91
3.43
78.99%
Gross Sell
-333.55
20.37%
-78.14
52.49%
-1.00
-2.37
-136.59%
Net Buy/(Sell)
70.15
-0.66%
31.95
262.95%
0.91
1.05
15.67%
S.C.R.A
Country
During the Period FY12TD
21-05-2012
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
14.12
-
-
17.19
-
-
-3.07
-
0.58
-0.58
Luxembourg
48.17
-
-
33.00
-
-
-22.85
0.11
-
0.11
Switzerland
42.71
1.00
-
40.96
1.27
-
1.47
-
-
-
UAE
7.55
0.52
-
4.78
4.46
-
-1.70
0.08
-
0.08
UK
91.93
18.13
-
161.85
0.29
3.47
-55.61
0.24
2.45
-2.21
USA
179.36
-
-
296.54
-
19.06
-136.23
1.08
1.57
-0.49
Total
472.81
22.33
-
648.74
8.71
29.22
-192.10
1.57
4.65
-3.08
News Clippings
Economy

NEC may approve Rs 825.2 billion PSDP

The National Economic Council (NEC) will meet on Thursday to discuss and approve Rs 825.2 billion Public Sector Development Programme (PSDP) for next fiscal year and Macro Economic Framework for current as well as projection for next financial year as recommended by the Annual Plan Co-ordination Committee(APCC), it is learnt. more... (BR)

GDP growth projected at 4.3 percent for fiscal year 2012-13

The government has fixed GDP growth target at 4.3 percent for 2012-13. Current account deficit has been projected at $4.8 billion while the growth of exports and imports will be 4.1 percent and 7.8 percent respectively. more... (BR)

Govt borrowing swells to Rs 1tr from banking system

The government’s borrowing has been on the rise as the closing of financial year is approaching, surpassing Rs 1 trillion collectively from the banking system, including the central and scheduled banks primarily on budgetary support. more... (DT)

Traders worried over fall in foreign investment by $926.6m

Business Community on Tuesday expressed grave concern over sharp decline in foreign invest that fell sharply by $926.6 million, or 66.5 percent to $466.5 million during July-March 2011-12 against $1.393 billion in the corresponding period last year. more... (DT)

Company & Sector Update

Credit Suisse bullish on Pakistani equities

Swiss banking giant Credit Suisse appears to be optimistic about the prospect of rising equity prices on the Karachi Stock Exchange and is advising its global clientele to consider investing in Pakistan. more.. (ET)

Automobile industry may lose protective tariffs

The government has proposed to abolish protections extended to the auto industry in order to control rising prices of locally made vehicles. The auto industry, however, has expressed deep reservations over the proposed five-year (2012-17) Auto Industry Development Plan-II. more... (ET)

Retrospective adjustment: Nepra hikes power tariff by up to Rs1.79

The National Electric Power Regulatory Authority (Nepra) has raised power tariff by up to Rs1.79 per unit on account of retrospective fuel adjustment for February and March 2012. more... (ET)

Textile industry: Exports surge with sustained energy supply

All Pakistan Textile Mills Association (APTMA) Chairman Mohsin Aziz has said that textile exports have surged by 10% in April 2012 after President Asif Ali Zardari directed authorities to provide energy to the textile industry on a sustained basis. more... (ET)

Political

Pakistan, Turkey sign agreement on bilateral investment: five MoUs, 2 protocols also inked

Pakistan and Turkey on Tuesday signed one agreement on bilateral investment and five Memoranda of Understanding (MoUs) at the conclusion of Co-operation Council meeting presided over jointly by Prime Minister Syed Yousuf Raza Gilani and his Turkish counterpart Recep Tayyip Erdogan. more... (BR)

Sharifs reject police directives in court storming case

PML-N chief Nawaz Sharif and his brother Punjab Chief Minister Shahbaz Sharif have rejected the capital police’s directives to appear for questioning in connection with the storming of the Supreme Court in 1997, sources told Dawn on Tuesday. more... (D)

Imran wants resolution on Nato respected

Pakistan Tehrik-i-Insaaf’s chairman Imran Khan criticised the government on Tuesday for its alleged endeavour to get a better price for resumption of Nato supplies through the country. more... (D)

Nawaz hails Turkey’s support to Pakistan

PML-N President Nawaz Sharif on Tuesday thanked Turkish Prime Minister Recep Tayyip Erdogan for his country’s strong and generous support and assistance to Pakistan over the years. more... (DT)

GCC

Qatar GDP growth seen sharply down in 2012-2013

Qatar's economy is projected to slow down sharply in 2012-2013 after recording one of the world's highest growth rates following the completion of mega gas projects, according to a key Saudi bank. more... (Zawya)

IMF report shows steady growth recovery for UAE

Dubai: The UAE has weathered the global economic and financial crisis well due to strong fundamentals as well as timely policy responses, a new International Monetary Report shows. more... (Zawya)

Kuwait to invest $6b in airport expansion

Dubai: Kuwait intends to invest $6 billion (Dh34.84 billion) to expand its international airport to enable it to handle 13 million passengers by 2016, according to the head of the civil aviation authority. more. (Gulf News)

Mumbai top choice of UAE NRIs for realty investment

Mumbai is top choice for non-resident Indians (NRIs) in the UAE for investment in the real estate sector in India, said a survey.Around 27 per cent NRIs chose to invest in Mumbai, said a survey conducted by Sumansa Exhibitions, the organisers of Indian Property Show. more... (Zawya)

Quote of the Day:

" No matter how many goals you have achieved, you must set your sights on a higher one. " Jessica Savitch



 
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
23-May-12
21-May-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.71
0.01%
11.49%
11.49%
0.10
     
23-May-12
21-May-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
934.12
956.90
-22.79

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.43
11.68
11.75
11.87
Offer
11.93
11.93
12.00
12.37

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
10.75
11.25
11.60
11.80
11.90
12.00
Low  
9.10
10.75
11.50
11.70
11.75
11.80

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
92.55
118.50
1.15
146.50
25.30
0.97
0.74

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.80
11.90
11.95
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
13.23
13.23
13.32

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.87
1.47
1.76
1.87
3.14
8.52
13.23
Change bps
0.00
4.00
1.00
3.00
-3.00
-2.20
0.00

Commodities

     
22-May-12
23-May-12
change
WTI (USD/bbl)    
92.67
91.29
-1.49%
     
Brent (USD/bbl)    
109.04
107.95
-1.00%
     
Arab Light (USD/bbl)    
108.88
107.86
-0.94%

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
47,017.23
47,441.50
-0.89%
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)
1,559.30
1,590.00
-1.93%
Sugar 11 (USD/lb)
19.80
20.38
-2.85%
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.