BasedLine
Date: 02-June-2011
KSE-100 Index
Previous Index 12,123.15
Current Index
12,264.06
Change % 1.16%
YTD (CY11) 2.01%
YTD (FY11) 26.15%
KSE-100 Index
Previous Index 20,628.89
Current Index 20,977.33
Change % 1.69%
YTD (CY11) 11.55%
YTD (FY11) 43.48%
International Indicators
 
Close
%age
BSE-30 18,608.81 0.60
HANGSENG 23,626.40 -0.20
NIKKEI 225 9,719.61 0.27
FTSE 5,928.61 1.02
DJIA 12,290.10 2.22
SSEC 2,743.47 0.26
NASDAQ 2,769.19 2.33
 
Close
%age
TASI 6,741.83 0.09
KSE(Kuwait) 6,390.10 0.19
BSE 1,349.07 0.18
MSM 6,075.07 1.12
ADX 2,666.01 1.02
DFM 1,574.40 0.93
QSE 8,326.90 -0.58
Capital Market Overview

Market Watch: Bourse turns bullish led by oil stocks

The stock market turned bullish on Wednesday amid a rally in oil stocks following deregulation of oil prices. The Karachi Stock Exchange's (KSE) benchmark 100-share index jumped 1.16 per cent or 140.91 points to end at the 12264.06 point level. more... (ET)

NAVs and Returns
as of June 01, 2011
Funds Offer Redemption
POAIIF
52.3812/-
51.8574/-
YTD Return
8.92%
POIAAF
64.94/-
63.32/-
YTD Return
22.61%
POAAAF
59.93/-
58.43/-
YTD Return
16.28%
POAF
11.14/-
YTD Return
10.40%
Funds Rating
AMC
AM3
POAIIF
A+ (f)
POAF
AA-
  Apr-11 Mar-11
MoM(%)
AUM's (PKR bn) 208.80 198.91 4.97%
No of AMCs 28 28 -
No of Funds 112 112 -
KSE Market Data
KSE Market Data
Capitalization
Volume
Traded Val.
KSE Return
 
(USD bn)
(Rs. bn)
(Sh. mn)
(Rs.bn)
(YTD)
KSE100
35.01
3,010
71.26
4.46
2.01%
KSE30
6.90
593
43.80
4.10
2.60%
KMI30
5.02
431
28.00
3.33
11.55%
KSE All
37.90
3,257
118.31
4.75
2.09%
June 01, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
203.53
111.56
-9.94%
OGDC
16.75
154.01
143.74
-8.60%
UBL
2.00
63.17
42.91
-7.42%
LUCK
1.70
72.65
36.47
-4.14%
June 01, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
6.56
(39.20)
(32.64)
Foreign Corporates
1,701.34
(790.59)
910.76
Overseas Pakistani
240.79
(271.72)
(30.93)
Grand Total
1,948.70
(1,101.51)
847.18
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
31-May-11
01-June-11
Change
Gross Buy
367.95
-37.28%
1.95
-1.10%
1.30
1.95
53.85%
Gross Sell
-295.71
-14.28%
-59.74
-77.33%
-2.20
-1.10
-50.00%
Net Buy/(Sell)
72.24
-70.70%
0.85
-4524%
-0.85
-0.84
-1.18%
S.C.R.A
Country
During the Year July 10 to Date
31-May-2011
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
55.37
0.10
-
37.96
-
-
17.51
-
0.02
-0.02
Luxembourg
68.25
-
-
30.91
-
-
7.48
-
2.21
-2.21
Switzerland
37.03
0.11
-
15.53
-
-
21.55
0.90
-
0.90
UAE
6.00
0.18
-
7.34
-
-
0.83
-
-
-
UK
146.27
192.14
-
133.01
202.63
2.85
-3.07
0.30
0.60
-0.30
USA
419.32
-
34.48
240.34
-
23.50
190.15
0.10
0.70
0.70
Total
762.99
192.54
46.95
520.43
202.63
30.33
246.11
2.20
3.50
-1.3
News Clippings
Economy

Budget 2012: Economic team pressured to aid the poor in budget

Pressure is building on the government and its finance team to provide relief to the unemployed and the poor in the upcoming budget, despite strict austerity measures mandated by the International Monetary Fund (IMF). more... (ET)

CPI increases by 0.23 percent

The monthly Consumer Price Index (CPI) during the month of May registered an increase of 0.23 percent as compared to previous month of current financial year. more... (BR)

FBR collects Rs160bn revenue in May

As The Federal Board of Revenue (FBR) has collected Rs160.55 billion during the month of May as compared to Rs110.26 billion collected in May 2010. The revenue collection registered 45.6 percent growth and surpassed the target of Rs152.8 billion set for the month. more... (BR)

US report urges duty-free access for Pakistan

The United States should offer duty-free access to its markets for Pakistani exports, a new report says, declaring that trade might succeed where aid has not in developing a vibrant economy and stable partner. more... (D)

 
Company & Sector Update

Yarn buying revival improves activity on cotton market

Fresh buying interest of cotton yarn after a long time caused improvement in business activity on the cotton market on Wednesday, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 8,500, they said. more... (BR)

Revision of rules for agriculture income tax collection: CCI forms body

The Council of Common Interests (CCI) has constituted a committee, headed by Minister of Finance Dr Abdul Hafeez Sheikh, to devise uniform rules for collection of agriculture income tax from the provinces and resort to an effective and efficient mode for its assessment and collection. more... (BR)

Upcoming budget: ‘More allocation for science and technology'

To help Pakistan to join the club of technologically advanced nations, the finance ministry has planned more allocations in the upcoming budget for the science and technology sector, said Federal Minister of Science and Technology Mir Chengez Khan Jamali. more... (ET)

 

 
Political

Abbottabad commission crashes before taking off

The commission suffered a major setback right off the bat with Justice (retd) Fakhruddin G Ebrahim declining to be its member, while the PML-N and the Supreme Court Bar Association have raised questions over its composition and the procedure adopted by the government to constitute it. more... (ET)

Pak-US forming joint intelligence team

Pakistan and US are building a joint intelligence team to go after top terrorist suspects inside Pakistan, US and Pakistani officials said, a fledgling step to restoring trust blown on both sides by the killing of Osama bin Laden by US forces during a secret raid last month. more... (N)

Police Budget: Tears for the dead, raises for the living

After doling out millions of rupees to grieving widows, the police force has decided that it would be better to equip its men properly than pay compensation for policemen who die in the line of duty. more... (ET)

 

 

 
GCC

GDP expected to grow up to 3.5%

The UAE' gross domestic product is expected to grow between 3 to 3.5% this year, the country's economy minister said yesterday. more... (Gulfbase)

Oman hands over murder suspect to Pakistan

Oman police arrested a Pakistani national accused in the murder of former Attorney General and retired judge of Peshawar High Court Sardar Khan, and repatriated him back to his native country. more... (Gulfnews)

Qatar launches QR30bn industrial plan

Qatar has drawn up an ambitious industrial map to encourage manufacturing activities which are the key to its crucial economic diversification drive, and hopes to spend a whopping QR30bn on the historic initiative. more... (Zawya)


 

Quote of the Day:

" To get all there is out of living, we must employ our time wisely, never being in too much of a hurry to stop and sip life, but never losing our sense of the enormous value of a minute." - Robert Updegraff

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
2.50%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
176.20mn
US$ Reserves (May 26, 2011)
$17.07bn
Trade Balance (Jul 10- Apr 11)
($12.11bn)
Curr. A/C (Jul 10-Mar 11)
$0.75mn
Remittances (July 10- Apr 11)
$9.05bn
Foreign Investment (Jul 10- Mar 11)
$1.53bn
All Sch. Banks Deposit Base (May 13, 2011)
Rs713.90bn
Inflation
CPI Gen. - YoY (Apr-11) 13.00%
   
CPI Gen. - FY11 (Jul- Apr 11) 14.08%
   
NFNE Core INFL - YoY (Apr 11) 9.40%
   
NFNE Core INFL -FY11 (Jul- Apr 11) 9.50%

Money Market

 
Price
Change
31-MAY-11
01-JUN-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
88.2517
0.42%
10.37%
10.27%
-1.20
     
31-MAY-11
01-JUN-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
875.00
862.50
-12.50

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.15
13.25
13.49
13.71
Offer
13.65
13.50
13.74
14.21

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.75
13.20
13.25
13.30
13.45
13.45
Low  
11.10
12.90
13.05
13.05
13.15
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
85.74
123.55
1.05
140.83
23.34
1.71
0.40

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.35
13.60
13.82
Last Cut Off.
13.53
13.76
13.91
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
14.05
13.90
14.07
14.06
10 Y-PIB
13.60
13.45
14.10
14.10

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
1.14
2.99
2.96
3.25
5.24
8.33
12.44
13.45
Change bps
-2.00
-3.00
-11.00
-4.00
-3.00
-8.50
-1.00
0.00

Commodities

     
31-MAY-11
01-JUN-11
change
WTI (USD/bbl)    
102.73
99.46
-3.20%
     
Brent (USD/bbl)    
116.56
113.86
-2.32%
     
Arab Light (USD/bbl)    
111.63
110.07
-1.40%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
94.11
97.31
-3.29%
Furnace Oil (Rs/ton)
69,540.94
71,598.15
-4.27%
Cement (Rs. Bag Avg)
403.38
404.00
-0.15%
Urea Fertilizer (Rs/bag)
1,325.83
1,311.25
1.11%
Gold 24cr (Rs./10gm) Khi
42,385.00
42,471.00
-0.20%
Rice IRRI -6(Rs/100kg)
3,644.00
3,645.00
-0.03%
KCA Cotton (Rs/mound)
8,500.00
9,000.00
-5.56%
International
Current
Previous
Change
Coal Spot(USD/ton)
118.40
117.15
1.07%
Gold Futures (USD/oz)
1,541.60
1,530.90
0.70%
Sugar 11 (USD/lb)
22.46
23.18
-3.11%
Steel (USD/ton)
751.00
748.69
0.06%
Wheat (CBT) (USD/bu)
760.75
780.00
-2.47%
PTA (USD/ton)
1,210.00
1,205.00
0.41%
Copper (USD/ton)
9,090.00
9,202.25
-1.22%

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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.