BasedLine

Date: 28-May-2012
KSE-100 Index
Previous Index 13,936.92
Current Index 13,925.06
Change % -0.09%
YTD (CY12) 22.71%
YTD (FY12) 11.44%
KSE-100 Index
Previous Index 24,046.80
Current Index 24,120.35
Change % 0.31%
YTD (CY12) 19.78%
YTD (FY12) 15.21%
International Indicators
 
Close
%age
BSE-30 16,217.82 -0.03
HANGSENG 18,713.41 0.25
NIKKEI 225 8,580.39 0.20
FTSE 5,351.53 0.03
DJIA 12,454.83 -0.60
SSEC 2,334.72 0.05
NASDAQ 2,837.53 -0.07
 
Close
%age
TASI 6,989.45 -0.35
KSE(Kuwait) 6,277.21 -0.98
BSE 1,143.43 -0.17
MSM 5,681.92 -0.46
ADX 2,460.36 -0.18
DFM 1,480.35 0.50
QSE 8,490.12 0.32
Capital Market Overview

Weekly review: Bourse witnesses massive mood swing

The stock market took off to a great start by gaining more than 268 points in the first two days but unsettled Pak-US ties and budget frights took the bourse downwards in the next three days.The Karachi Stock Exchange’s benchmark 100-share index rose 0.49% to close at 13,925 points during the week. more... (ET)

NAVs and Returns
as of May 25, 2012
Funds Offer Redemption
POGSF
10.1351/-
10.1351/-
YTD Return
10.58%
POAIIF
52.2198/-
51.6976/-
YTD Return
11.16%
POAAAF
52.54/-
51.23/-
YTD Return
1.41%
POIAAF
60.48/-
58.97/-
YTD Return
12.86%
POAF
11.31/-
YTD Return
10.65%
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
38.08
3,275
120.41
4.88
22.71%
KSE30
7.42
639
82.54
4.30
18.78%
KMI30
5.23
449
68.40
3.41
19.78%
KSE All
40.88
3,516
165.29
5.35
24.77%
May 25 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
171.33
119.81
-13.40%
OGDC
17.50
160.02
161.28
5.31%
UBL
1.80
76.38
41.47
25.15%
LUCK
1.70
127.29
39.17
77.51%
May 25, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
122.50
-10.27
112.23
Foreign Corporates
4,129.89
-274.21
3,855.68
Overseas Pakistani
966.00
-1,524.82
-558.82
Grand Total
5,218.39
-1,809.30
3,409.09
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
24-May-12
25-May-12
Change
Gross Buy
424.01
19.14%
129.54
37.04%
10.35
5.22
-49.59%
Gross Sell
-341.61
19.76%
-86.20
19.07%
-3.65
-1.81
-50.42%
Net Buy/(Sell)
80.57
11.47%
42.38
95.82%
6.70
3.41
-49.14%
S.C.R.A
Country
During the Period FY12TD
24-05-2012
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
-
-
-
Luxembourg
48.17
-
-
33.00
-
-
-22.91
-
0.03
-0.03
Switzerland
42.83
1.00
-
40.96
1.27
-
1.59
0.02
-
0.02
UAE
7.57
0.52
-
4.78
4.46
-
-1.68
-
-
-
UK
94.90
18.13
-
166.07
0.29
3.47
-57.01
2.16
0.15
2.01
USA
180.43
-
-
299.30
-
19.06
-137.92
0.27
1.75
-1.48
Total
477.20
22.33
-
656.12
8.71
29.22
-195.09
2.66
1.93
0.72
News Clippings
Economy

Fiscal year 2012-13: MQM presents Rs3.61 trillion shadow budget

The Muttahida Qaumi Movement (MQM) presented a shadow budget of Rs3.61 trillion on Sunday, a day ahead of consultations with Prime Minister Yousaf Raza Gilani and prominent members of parties in the Pakistan Peoples Party (PPP)-led ruling coalition. more... (BR)

Govt to miss release of 30pc PSDP

Government may miss the release of 30 per cent of Public Sector Development Programme (PSDP) as till 25 May 2012 during eleven months of current fiscal year the federal government has released Rs169.8 billion for various developmental projects for the ongoing PSDP. more... (TFD)

Budget would focus on macro-economic stability, growth and relief to public: PM

Federal Finance Minister Dr Abdul Hafeez Shaikh called on Prime Minister Syed Yousuf Raza Gilani at Prime Minister House here on Sunday to review the decisions of the National Economic Council. more... (BR)

Economic growth: Energy deficit big constraint: ADB report

The Asian Development Bank (ADB) in its recent report has said that the energy deficit is a major constraint on efficient economic growth in Pakistan. The report titled '2011 Clean Energy Investments' notes that energy deficit is a major constraint on efficient economic growth in Pakistan. more... (BR)

Company & Sector Update

Boosting exports: Textile association demands duty free access to West

Pakistan Textile Exporters Association (PTEA) released a statement on Saturday that greater duty free access to Pakistani exports to the US and European markets is imperative to cope with the current economic recession. more.. (ET)

Increase in bank deposits

IN the week ended May 18, 2012, deposits and other accounts of all scheduled banks increased and stood at Rs5975.181bn, higher by Rs39.419bn over preceding week’s figure of Rs5935.762bn.more... (D)

$12.31mn weekly FPI recorded in bourse

Last week bourses attract fresh net inflow of $12.31 million, as per the National Clearing Company of Pakistan Limited (NCCPL) data. Furthermore, since the start of current year 2012, foreigners’ net buying reached $80.57 million. more... (TFD)

No cartel operating in cement industry

Cement industry circles has termed increase of Rs 10 per 50kgs cement bag by the south zone's cement companies and decrease of Rs 20 per bag in the north zone as a proof that there is no cartel working in the industry. more... (BR)

Political

PML-N decides to challenge speaker’s ruling

The opposition Pakistan Muslim League-Nawaz has decided to challenge in the Supreme Court National Assembly Speaker Dr Fehmida Mirza’s ruling to save Prime Minister Yousuf Raza Gilani from disqualification. more... (D)

Gilani rejects chance of emergency rule

Prime Minister Syed Yusuf Raza Gilani has said there will be no martial law in the country as it cannot afford it and our future is linked with democracy. more... (TFD)

'PTI to go to SC against speaker ruling'

Pakistan Tehreek-e-Insaf Chief Imran Khan Sunday said his party was going to file a petition tomorrow in the Supreme Court against National Assembly Speaker Dr. Fehmida Mirza's ruling on Prime Minister Gilani's conviction by the apex court. more... (TN)

Relations with Pak most complicated ever

US Defence Secretary Leon Panetta called the US relationship with Pakistan “one of the most complicated we’ve had.” Panetta during an interview to ABC described relations with Pakistan as up and down and stated that country was still critical in that region of the world. more... (TN)

GCC

UAE eyes June opening for pipeline bypassing Hormuz

FUJAIRAH - A pipeline being built by the United Arab Emirates to pump most of its oil exports from east coast terminals bypassing the Iran-threatened Strait of Hormuz, will be operational in June, the ruler of Fujairah told AFP in an interview. more... (Zawya)

Jordan raises fuel, power prices to tackle deficit

Cash-strapped Jordan on Sunday raised the prices of petrol and electricity to offset a $3 billion (2.4 billion euro) deficit in this year's $9.6 billion budget. more... (Zawya)

Ma'aden signs $1.5b aluminum refinery contract

JEDDAH - Saudi Arabian Mining Company (') has awarded a $1.5 billion contract to South Korea's Hyundai Engineering & Construction Co. to build an aluminum refinery in the Kingdom, a bourse statement said Sunday. more. (Zawya)

GCC cruise visa will help tourism sector expand

Dubai: The top tourism body in Dubai expects the UAE to allow multiple entry visas for cruise tourists by September, a move that will boost the emirate’s bid to become a regional hub for cruise tourism. more... (Zawya)

Quote of the Day:

" Corporation: An ingenious device for obtaining profit without individual responsibility. " Ambrose Bierce




 
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 (May 18, 2012)
Rs810.63bn
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
25-May-12
24-May-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.54
0.20%
11.56%
11.63%
-6.40
     
25-May-12
24-May-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
962.86
956.54
6.32

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.52
11.70
11.76
11.88
Offer
12.02
11.95
12.01
12.38

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.75
11.69
11.70
11.80
11.90
12.00
Low  
11.00
11.50
11.60
11.70
11.75
11.80

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
93.35
117.30
1.17
146.70
25.50
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
1.37
1.74
1.75
3.18
8.51
13.26
Change bps
0.00
-2.00
-2.00
-3.00
4.00
1.20
0.00

Commodities

     
25-May-12
28-May-12
change
WTI (USD/bbl)    
90.40
91.77
1.52%
     
Brent (USD/bbl)    
106.26
107.47
1.14%
     
Arab Light (USD/bbl)    
106.02
106.11
0.08%

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
47,641.21
46,915.23
1.55%
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)
1,578.50
1,554.90
1.52%
Sugar 11 (USD/lb)
19.62
19.58
0.20%
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.