BasedLine

Date: 29-May-2012
KSE-100 Index
Previous Index 13,925.06
Current Index 14,031.51
Change % 0.76%
YTD (CY12) 23.65%
YTD (FY12) 12.29%
KSE-100 Index
Previous Index 24,120.35
Current Index 23,376.97
Change % 1.06%
YTD (CY12) 21.05%
YTD (FY12) 16.43%
International Indicators
 
Close
%age
BSE-30 16,416.84 1.23
HANGSENG 18,800.99 0.47
NIKKEI 225 8,593.15 0.15
FTSE 5,356.34 0.09
DJIA 12,454.83 -0.60
SSEC 2,381.60 0.86
NASDAQ 2,837.53 -0.07
 
Close
%age
TASI 7,056.68 0.96
KSE(Kuwait) 6,216.04 -0.97
BSE 1,143.14 -0.03
MSM 5,697.70 0.28
ADX 2,456.68 -0.15
DFM 1,477.04 -0.22
QSE 8,508.97 0.22
Capital Market Overview

Market watch: Institutional buying, inflows help stocks recover

The stock market kicked off the final week of May on a positive note, with foreign inflows and institutional activity guiding investor sentiment to help restore the market to levels above the 14,000 points psychological barrier. The Karachi Stock Exchange’s (KSE) benchmark 100-share index recovered 0.76% or 106.45 points to end at the 14,031.51 point level. more... (ET)

NAVs and Returns
as of May 28, 2012
Funds Offer Redemption
POGSF
10.1435/-
10.1435/-
YTD Return
10.57%
POAIIF
52.2558/-
51.7332/-
YTD Return
11.13%
POAAAF
52.66/-
51.34/-
YTD Return
1.62%
POIAAF
60.90/-
59.38/-
YTD Return
13.65%
POAF
11.31/-
YTD Return
10.60%
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
38.37
3,300
119.69
5.24
23.65%
KSE30
7.51
646
71.43
4.35
20.24%
KMI30
5.28
454
52.64
3.17
21.05%
KSE All
41.54
3,572
181.33
5.73
25.75%
May 28 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
174.63
119.99
-13.40%
OGDC
17.50
160.90
161.53
5.31%
UBL
1.80
77.45
41.54
25.15%
LUCK
1.70
128.37
39.23
77.51%
May 28, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
93.82
-23.14
70.68
Foreign Corporates
8,194.44
-1,923.01
6,271.43
Overseas Pakistani
316.42
-1,334.29
-1,017.87
Grand Total
8,604.69
-3,280.44
5,324.24
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
25-May-12
28-May-12
Change
Gross Buy
432.42
21.51%
137.95
45.94%
5.22
8.60
64.89%
Gross Sell
-344.81
20.88%
-89.41
23.50%
-1.81
-3.28
81.31%
Net Buy/(Sell)
85.66
18.51%
47.47
119.33%
3.41
5.32
56.18%
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

Federal budget 2012-13’s tax proposals

After reviewing the 95 percent duty and tax proposals to be announced in the federal budget, the Ministry of Finance has termed the federal tax collection target of Rs 2.338 trillion as difficult, official sources informed here on Tuesday. more... (DT)

Currency swap arrangement to facilitate bilateral trade with Turkey

In order to create awareness about the ongoing efforts of government of Pakistan for having currency swap arrangements especially with regional countries, Ministry of Commerce (MoC) and Trade Development Authority of Pakistan (TDAP) had organised a meeting on Monday. more... (DT)

6.85 percent fiscal deficit projected for fiscal year 2012

The government has projected 6.85 percent fiscal deficit for the outgoing fiscal year following the inability of the provinces to generate a surplus of Rs 124 billion estimated in the budget, it is learnt. more... (BR)

Budget team mulls tax relief, revised revenue target

The government has decided to impose 5 per cent tax on monetised transport facility of senior government officers, unlike private salaried class whose salary, perks and allowances are subject to up to 20 per cent of income tax. more... (D)

Company & Sector Update

Unsold local fertiliser stock swells to record high

Huge influx of cheap foreign fertiliser in the market has taken local fertiliser in the backdrop and swelled its unsold inventory level to a record high in April. more.. (ET)

Agriculture needs investment in new seeds, technology

In an effort to increase crop yield for achieving food security, massive investment is needed in introducing new varieties of seeds and improving farm technologies, suggest agricultural experts and farmers. more... (ET)

Doing away with subsidies: Plan under study to up gas supply to power plants

As power outages worsen sparking protests across the country, a plan is under study to divert gas allocated to compressed natural gas (CNG) stations and captive power plants to power companies in a bid to produce cheap electricity and end swelling subsidy. more... (ET)

LPG prices increased again

After three days of silence, marketing companies have once again increased the rate of Liquefied Petroleum Gas (LPG). The raise this time around is by Rs4 to 5 per kilogramme (kg), according to statement issued by the All Pakistan LPG Distribution Association. more... (ET)

Political

Charges against Dr Shakeel Afridi a pack of lies: brother

The family of Dr Shakeel Afridi, who was convicted for helping the US in tracking al Qaeda chief Osama bin Laden, came out to defend him as his brother on Monday said the charges against him were ‘a pack of lies’. more... (DT)

'Status quo parties': PTI will not make alliance with MQM, PML-N

Pakistan Tehreek-e-Insaf (PTI) will not make an alliance with the Muttahida Qaumi Movement (MQM) and Pakistan Muslim League – Nawaz (PML-N) because they are “status quo parties,” said PTI Chairman Imran Khan on Monday. more... (ET)

Dempsey for cutting some US aid to Pak

Gen. Martin Dempsey, President Obama's top military adviser, said Monday that Senate lawmakers made the right call by voting to trim aid to Pakistan. more... (TN)

Imran paid no tax in 35 years: Ch Nisar

Opposition Leader in National Assembly, Chaudhry Nisar Ali Khan Monday asked as to how a man like PTI leader Imran Khan who has not even paid a single penny in tax in a period of 3.5 decades could hurl allegations against others. more... (TN)

GCC

Dubai economy gains Dh10bn in 2011

Dubai's economy, the second largest in the UAE and one of the most diversified economies in the Gulf, gained around Dh10 billion in 2011 as the emirate continued to recover from the 2008 global fiscal crisis. more... (Zawya)

Qtel Says QAR6.8 Billion Rights Issue Fully Subscribed

DUBAI (Zawya Dow Jones)-- Qatar Telecom Q.S.C. (QTEL.DO) said Monday its 6.8 billion Qatari riyals ($1.9 billion) rights issue has been fully subscribed and it will use part of the proceeds to refinance existing debt. more... (Zawya)

Dubai's gold trade loses its sparkle

The Indian rupee's rapid decline has taken the sheen off Dubai's gold and jewellery retail prospects in the past two weeks, with prospective shoppers preferring to send funds back to their home country and making full use of the exchange rate benefits. more. (Gulf News)

Credit facilities by Kuwaiti banks increase to KD 26 billion in March

During March 2012, the credit facilities portfolio of local banks extended last month's gain to add around 158 million Kuwaiti dinars and stand at KD 26 billion. During 2011, credit facilities saw a marginal increase of 1.6 percent or around KD 407 million. more... (Gulf Base)

Quote of the Day:

" Excellence is not a skill. It is an attitude." Ralph Marston




 
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
28-May-12
25-May-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.48
-0.08%
11.59%
11.56%
2.50
     
28-May-12
25-May-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
959.80
962.86
-3.07

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.48
11.68
11.75
11.87
Offer
11.98
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  
11.25
11.45
11.70
11.80
11.90
12.00
Low  
10.75
11.25
11.60
11.70
11.75
11.80

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
93.10
117.50
1.17
146.65
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
0.86
1.36
1.75
1.76
3.14
8.51
13.26
Change bps
-2.00
-1.00
1.00
1.00
-4.00
0.30
0.00

Commodities

     
28-May-12
29-May-12
change
WTI (USD/bbl)    
91.77
91.26
-0.56%
     
Brent (USD/bbl)    
107.47
107.10
-0.34%
     
Arab Light (USD/bbl)    
106.11
107.31
1.13%

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)
441.75
440.50
0.28%
Urea Fertilizer (Rs/bag)
1,693.33
1,730.83
-2.17%
Gold 24cr (Rs./10gm) Khi
47,614.00
47,400.0
0.45%
Rice IRRI -6(Rs/100kg)
3,395.00
3,398.00
-0.09%
KCA Cotton (Rs/mound)
5,700.00
5,800.00
-1.72%
International
Current
Previous
Change
Coal Spot(USD/ton)
91.85
96.95
-5.26%
Gold Futures(USD/oz)
1,580.94
1,573.03
0.50%
Sugar 11 (USD/lb)
19.62
19.58
0.20%
Steel (USD/ton)
656.08
660.79
-0.71%
Wheat (CBT) (USD/bu)
680.00
695.25
-2.19%
PTA (USD/ton)
1,105.00
1,145.00
-3.49%
Copper (USD/ton)
7,712.00
7,671.00
0.54%

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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.