CAPITAL MARKET

S.KAMAL HAYDER KAZMI,
(feedback@pgeconomist.com)
Research Analyst
, PAGE
May 28 - June 3, 2012

KARACHI STOCK EXCHANGE DURING 2012 (weekly ended)

Date 30 Share
Index
100 Share
Index
Market
Capitalization
Volume
Leader
Leader Volume (Million Shares) Total Volume (Million shares) Active Plus Minus Un-changed
6 Jan 10,165.59 11,125.35 2,893.21 Hub-Power 5.524 39.043 306 96 105 105
13 Jan 10.176.24 11,014.46 2,866.56 JS & Co 3.271 32.057 320 147 47 126
20 Jan 10.907.45 11,774.68 3.056.335 Lafarg Pakistan 27.736 178.42 340 185 69 86
27 Jan 11,216.56 11,960.22 3,105.71 Lotte Pakistan 12.78 75.602 305 88 121 96
2 Feb 11,223.23 11,929.78 3,100.34 J,S.& Co 21.378 107.722 318 113 123 82
10 Feb 11,415.20 12,231.60 3,185.38 Fauji Cement 14.455 107.14 308 108 127 71
17 Feb 11,572.02 12,495.68 3,257.09 Jah Siddi and Co 30.6 233.26 340 138 121 81
23 Feb 11,602.25 12,515.92 3,263.10 Jahangir Siddiqui Co 41.019 178.045 347 112 160 75
2 Mar 23,125.53 12,941.38 3,352.67 Fauji Cement 44.646 182.21 349 183 73 93
9 Mar 12,117.94 13,352.74 3,472.24 NIB Bank 86.58 553 367 205 108 54
30 Mar 12,114.13 13,761.76 3,528.14 Lafarge Pakistan 54.063 414 344 204 83 57

SAVINGS RATE AND GROWTH OF MUTUAL FUNDSí INDUSTRY
(As at June 30, 2010)

ACCUMULATED SAVINGS
. FY05 FY06 FY07 FY08 FY09 FY10
Accumulated Savings (Stock) 4,183 4,686 5,477 6,133 6,816 7,795
Deposits of Banking Sector 2,405 2,772 3,310 3,701 4,045 4,595
Investment in NSS 940 934 1,000 1,094 1,361 1,586
Currency in Circulation 66 739 839 981 1,152 1,295
Deposits of NBFIs 48 61 56 41.3 13.9 21.9
Mutual Funds 103 135 228 274 204 258
GP Fund 22 44 43 43 40 40
GROWTH IN ACCUMULATED SAVINGS
Accumulated Savings (Stock) 13.4 12.0 16.9 12 11.1 14.4
Deposits of Scheduled Banks 21.8 15.3 19.4 11.8 9.3 13.6
Investment in NSS (4.5) (0.6) 7.1 9.3 24.4 16.5
Currency in Circulation 15.1 11.1 13.4 17.0 17.4 12.4
Deposits of NBFIs 3.4 26.0 (7.8) (26.2) (66.3) 57.8
Mutual Funds 21.6 31.2 69.0 19.8 (25.4) 26.7
GP Fund 1.0 103.9 (2.6) (1.9) (5.7) (1.3)

INTEREST RATES

DATE (%)
2-Aug-10 13.00
30-Sep-10 13.5
30-Nov-10 14.00
1-Aug-11 13.5
9-Oct-11 to date 12.00

LAHORE STOCK EXCHANGE (LSE) DURING 2011
(RS in "000")

INDICATORS VALUE
Addition to Fixed Assets-Cost 4,336
Disposal of Fixed Assets-Cost 84
Amount Allocated to the Employees' Welfare Fund 318
Payments made from the Employees' Welfare Fund 318
Provision made against Doubtful Receivables 7,224
Related Parties Transactions 18,433

LAHORE STOCK EXCHANGE (LSE): 5-YEAR FINANCIAL TARGETS

Size of Reserves & Surplus Target 11-16 14.9 %
From Rs. 648 Million Budget FY-11 10.0 %
To Rs. 1,300 Million Actual FY-11 16.5 %
Economic Value Added Budget FY-11 10.4 %
20% on Average Actual FY-11 16.5 %
Profit Growth Target 11-16 43.0 %
From Rs. 32 Million Budget FY-11 86.0 %
To Rs. 194 Million Actual FY-11 210 %

REAL GDP GROWTH RATE

FY (%)
2006-07 6.8
2007-08 3.7
2008-09 1.7
2009-10 3.8
2010-11 2.4

ISLAMABAD STOCK EXCHANGE (in million)

INDICATORS 2009 2010 2011
Revenue 117.54 767.66 410.54
Administration expenses 73.15 136.99 168.98
Finance cost 16.45 76.82 142.27
Income before taxation 31.57 548.37 102.64
Income after taxation 7.52 285.51 369.00

FBR TAX COLLECTION IN PAKISTAN (Rs. Million)

MONTHS TOTAL DIRECT TOTAL INDIRECT TAXES TAX COLLECTION
April-11 49,635 80,051 129,686
May-11 46,995 112,628 159,623
June-11 124,204 124,352 248,556
July-11 28,966 83,309 112,275
Aug-11 32,069 88,437 120,506
Sep-11 63,507 84,516 148,023
Oct-11 39,659 86,749 126,408
Nov-11 45,421 86,428 131,849
Dec-11 102,945 98,731 201,676
Jan-12 41,580 94,423 136,003

BANKS & NON-BANKS HOLDINGS OF GOP SECURITIES
(Outstanding Stock Basis-Face Value)

PAKISTAN INVESTMENT BONDS (PIBS)
. Total %
Scheduled Banks 475.4 51.6%
Non-Banks/Corporates: of which 445.0 48.4%
Insurance Cos 224.0 50.3%
Funds 164.3 36.9%
Corporates/ Others 56.7 12.7%
Total (PIBs) 920.4
GOP IJARA SUKUK (GIS)
Scheduled Banks 294.4 88.0%
Non-Banks/Corporates: of which 40.3 12.0%
Insurance Cos 35.9 89.1%
Funds 1.9 4.7%
Corporates/ Others 2.5 6.2%
Total (GIS) 334.8
MARKET TREASURY BILLS (MTBS)
Scheduled Banks 2,000.3 75.4%
Non-Banks/Corporates 653.2 24.6%
Total (MTBs) 2,653.5
Note: As at 30Apr2012, amount in billion Rupees