BasedLine

Date: 25-May-2012
KSE-100 Index
Previous Index 14,032.82
Current Index 13,936.92
Change % -0.68%
YTD (CY12) 22.82%
YTD (FY12) 11.53%
KSE-100 Index
Previous Index 24,209.30
Current Index 24,046.80
Change % -0.67%
YTD (CY12) 19.41%
YTD (FY12) 14.86%
International Indicators
 
Close
%age
BSE-30 16,222.30 1.72
HANGSENG 18,666.40 -0.64
NIKKEI 225 8,563.38 0.08
FTSE 5,350.05 1.59
DJIA 12,529.75 0.27
SSEC 2,341.54 -0.40
NASDAQ 2,839.38 -0.38
 
Close
%age
TASI 7,061.43 -0.59
KSE(Kuwait) 6,339.39 -0.43
BSE 1,145.39 0.68
MSM 5,708.37 -0.23
ADX 2,464.68 -0.44
DFM 1,479.67 -0.03
QSE 8,462.91 -0.05
Capital Market Overview

Market watch: Sell-off continues at the bourse

Sell-off continued to be the move investors opted to take at the bourse on Thursday and the march downwards was led by the fertiliser sector.The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.68 per cent or 95.90 points to end at the 13,936.92 point level. The bourse fell an astounding 377 points last week. more... (ET)

NAVs and Returns
as of May 24, 2012
Funds Offer Redemption
POGSF
10.1325/-
10.1325/-
YTD Return
10.58%
POAIIF
52.2079/-
51.6858/-
YTD Return
11.17%
POAAAF
52.55/-
51.24/-
YTD Return
1.43%
POIAAF
60.44/-
58.93/-
YTD Return
12.78%
POAF
11.31/-
YTD Return
10.56%
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
38.10
3,277
137.56
6.24
22.82%
KSE30
7.42
638
88.18
5.44
18.69%
KMI30
5.21
448
60.14
4.43
19.41%
KSE All
41.15
3,539
177.59
6.62
24.77%
May 24 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
172.39
119.81
-13.40%
OGDC
17.50
160.83
161.28
5.31%
UBL
1.80
76.54
41.47
25.15%
LUCK
1.70
128.07
39.17
77.51%
May 24, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
0.49
-27.07
-26.59
Foreign Corporates
10,024.24
-3,243.93
6,780.31
Overseas Pakistani
327.87
-378.15
-50.28
Grand Total
10,352.61
-3,649.16
6,703.44
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
23-May-12
24-May-12
Change
Gross Buy
418.92
20.06%
124.44
79.39%
3.59
10.35
188.73%
Gross Sell
-339.84
21.58%
-84.43
38.59%
-2.79
-3.65
-30.95%
Net Buy/(Sell)
77.32
8.87%
39.12
373.56%
0.80
6.70
739.19%
S.C.R.A
Country
During the Period FY12TD
23-05-2012
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
-
-
17.20
-
-
-3.08
-
0.01
-0.01
Luxembourg
48.17
-
-
33.00
-
-
-22.88
-
0.03
0.03
Switzerland
42.81
1.00
-
40.96
1.27
-
1.57
-
-
-
UAE
7.57
0.52
-
4.78
4.46
-
-1.68
0.02
-
0.02
UK
92.74
18.13
-
166.07
0.29
3.47
-59.02
0.55
0.09
0.45
USA
180.15
-
-
297.55
-
19.06
-136.44
0.56
0.61
-0.05
Total
474.55
22.33
-
654.19
8.71
29.22
-195.81
1.13
0.91
0.21
News Clippings
Economy

July-March period: external debt, liabilities stocks fall by $1.5 billion

Pakistan's external debt and liabilities stocks fell by some 3 percent or $1.5 billion during the first nine months of current fiscal year, mainly due to repayment of loans to international financial institutions. more... (BR)

Rs 873 billion expenditure approved by NEC

The National Economic Council (NEC) has projected 4.3 percent GDP growth target and approved consolidated development expenditure of Rs 873 billion for the next fiscal year as the country missed almost all the macroeconomic indicators for the current fiscal year. more... (BR)

Forex reserves increase by $207m to $16.311bn

Pakistan’s gross foreign exchange reserves increased by $207 million to $16.311 billion in the week ended on May 18, 2012 from $16.104 billion the previous week, the State Bank of Pakistan (SBP) said on Thursday. more... (DT)

Foreign assistance to fall short by 18pc in FY 2011-12

Foreign assistance for the economic development of Pakistan is expected to fall short by 18 percent of the budgetary projection of $3.712 billion for fiscal year 2011-12 as the country is expected to receive $3.0391 billion during the said period, official figures revealed on Thursday. more... (DT)

Company & Sector Update

Minimising costs: PSO saves $5m in base oil purchase

Pakistan State Oil (PSO) has claimed that it has saved around $5 million by purchasing base oil directly from the manufacturers and eliminating the role of middlemen and commission agents. more.. (ET)

Recovery drive: Mobilink bank accounts locked down

Tax authorities on Thursday seized all bank accounts of Mobilink until it recovers Rs8.6 billion, an amount the country’s largest cellular service provider collected from customers in form of taxes but did not deposit in the national exchequer. more... (ET)

Askari Bank, Zong launch branchless banking services

Askari Bank Limited and Zong have entered into a joint venture to launch branchless banking services in the country with its soft launch taken off from May 22, 2012. Askari Bank Ltd in collaboration with Zong has become one of the leading Bank to offer Branchless Banking services under ‘Bank Telco’ JV arrangement. more... (DT)

Power generation improves by 600MW

A spokesman for the National Transmission and Dispatch Company Limited (NTDCL) said on Thursday that more than 600 megawatts (MW) of power have been added to the national grid due to improvements in gas and oil supply to power plants in the past 24 hours. more... (ET)

Political

Pakistan seeks face-saving formula in NATO talks

Pakistan is unlikely to re-open supply routes to NATO troops in Afghanistan unless the United States offers a politically acceptable formula in talks on ending a six-month standoff on the issue, a Pakistani official said on Thursday. more... (DT)

'No question of disqualification' Madam Speaker finally rules

National Assembly Speaker Dr Fehmida Mirza, finalising her decision in Prime Minister Yousuf Raza Gilani's contempt case, said there was no question of his disqualification. more... (BR)

Recycling cases?: References against Sharifs already pending in courts

Interior Minister Rehman Malik’s move against the eponymous chief of Pakistan Muslim League-Nawaz and his family, for involvement in $32 million worth of money laundering, is “eyewash,” sources claimed. more... (ET)

Court orders action against Amin Fahim

The Supreme Court asked the Federal Investigation Agency (FIA) on Thursday to take action against Commerce Minister Makhdoom Amin Fahim for his involvement in the National Insurance Company (NICL) land scam. more... (D)

GCC

.Dubai Investments pursues loan, sukuk

DUBAI - Dubai Investments said it may secure a $180 million loan next week from Italian export credit agency SACE and that it plans to sell Islamic bonds.The Dubai-based company with stakes in 40 businesses from real estate to glass production will use loan proceeds to fund a second production line at its Emirates Float Glass factory in Abu Dhabi. more... (Zawya)

Egyptians wait for key presidential vote results

CAIRO - Vote counting was underway in Egypt Friday after two days of polling in a landmark presidential election which pitted stability against the ideals of the uprising that ended Hosni Mubarak's rule. more... (Zawya)

Oil dips in Asia on eurozone debt woes

Oil prices eased in Asian trade Friday on growing fears about the eurozone's debt troubles but the falls were tempered by worries about the nuclear standoff between the West and Iran, analysts said. more. (Zawya)

Hempel intensifies expansion in Qatar

DOHA: Hempel, one of the world's largest, independent suppliers of decorative, marine and protective coatings, has announced that it is intensifying its expansion drive in Qatar, taking advantage of the country's rapidly expanding market for construction materials. more... (Zawya)

Quote of the Day:

" The only thing that overcomes hard luck is hard work." Harry Golden




 
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
24-May-12
23-May-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.37
-0.17%
11.63%
11.57%
5.70
     
24-May-12
23-May-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
956.54
938.53
18.01

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.48
11.69
11.76
11.87
Offer
11.98
11.94
12.01
12.37

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
9.10
11.30
11.65
11.80
11.90
12.00
Low  
9.00
11.15
11.60
11.70
11.75
11.80

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
93.6
118.25
1.17
146.70
25.60
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
13.04
13.01
13.01
13.05
10 Y-PIB
13.28
13.26
13.27
13.32

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.88
1.39
1.76
1.78
3.14
8.50
13.26
Change bps
2.00
1.00
1.00
1.00
0.00
-1.20
-1.00

Commodities

     
24-May-12
25-May-12
change
WTI (USD/bbl)    
90.52
90.40
-0.13%
     
Brent (USD/bbl)    
105.97
106.26
0.27%
     
Arab Light (USD/bbl)    
105.16
106.02
0.82%

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
46,915.23
47,047.23
-0.28%
Rice IRRI -6(Rs/100kg)
3,428.00
3,457.00
-0.84%
KCA Cotton (Rs/mound)
5,700.00
5,800.00
-1.72%
International
Current
Previous
Change
Coal Spot(USD/ton)
96.95
98.35
-1.42%
Gold Futures(USD/oz)
1,554.90
1,560.00
-0.33%
Sugar 11 (USD/lb)
19.58
19.51
0.36%
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.