BasedLine
Date: 03-June-2011
KSE-100 Index
Previous Index 12,264.06
Current Index
12,179.81
Change % -0.69%
YTD (CY11) 1.31%
YTD (FY11) 25.28%
KSE-100 Index
Previous Index 20,977.33
Current Index 20,839.62
Change % -0.66%
YTD (CY11) 10.82%
YTD (FY11) 42.53%
International Indicators
 
Close
%age
BSE-30 18,494.18 -0.62
HANGSENG 23,253.80 -1.60
NIKKEI 225 9,555.04 -1.70
FTSE 5,847.92 -1.40
DJIA 12,248.55 -0.34
SSEC 2,705.18 -1.40
NASDAQ 2,773.31 0.15
 
Close
%age
TASI 6,741.83 0.09
KSE(Kuwait) 6,338.70 -0.80
BSE 1,339.21 -0.73
MSM 6,081.76 0.11
ADX 2,672.55 0.25
DFM 1,566.34 -0.51
QSE 8,240.39 -1.04
Capital Market Overview

Market Watch: Bourse moves in tandem with regional peers

The local bourse followed regional markets and remained lacklustre for most part of the day amid thin activity. The Karachi Stock Exchange's (KSE) benchmark 100-share index declined 0.69 per cent or 84.25 points to end at 12,179.81 point level. more... (ET)

NAVs and Returns
as of June 02, 2011
Funds Offer Redemption
POAIIF
52.3924/-
51.8685/-
YTD Return
8.92%
POIAAF
64.88/-
63.26/-
YTD Return
22.49%
POAAAF
59.84/-
58.34/-
YTD Return
16.10%
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
34.80
2,990
51.02
3.40
1.31%
KSE30
6.84
588
37.89
3.27
1.69%
KMI30
4.98
428
20.07
2.34
10.82%
KSE All
37.63
3,236
87.31
3.66
1.45%
June 02, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
201.07
111.62
-11.03%
OGDC
17.02
152.20
146.13
-9.68%
UBL
2.00
63.19
42.93
-7.39%
LUCK
1.70
71.97
36.49
-5.04%
June 02, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
22.80
(14.99)
7.81
Foreign Corporates
2,004.50
(1,182.60)
821.90
Overseas Pakistani
202.37
(118.98)
83.40
Grand Total
2,229.68
(1,316.57)
913.11
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
01-June-11
02-June-11
Change
Gross Buy
370.18
-37.23%
4.18
-46.82%
1.95
2.23
14.40%
Gross Sell
-297.02
-14.51%
-2.42
-67.00%
-1.10
-1.32
-20.00%
Net Buy/(Sell)
73.16
-70.40%
1.76
224.49%
-0.84
0.91
-8.33%
S.C.R.A
Country
During the Year July 10 to Date
01-Jun-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
0.20
-
0.20
Luxembourg
68.25
-
-
30.91
-
-
7.48
0.84
0.03
0.81
Switzerland
37.03
0.11
-
15.53
-
-
21.55
-
-
0.50
UAE
6.00
0.18
-
7.34
-
-
0.83
-
-
-
UK
146.27
192.14
-
133.01
202.63
2.85
-3.07
-
0.12
-0.12
USA
419.32
-
34.48
240.34
-
23.50
190.15
0.03
-
0.03
Total
762.99
192.54
46.95
520.43
202.63
30.33
246.11
1.97
0.20
2.34
News Clippings
Economy

Economic Survey 2010-11: Floods, terrorism, oil price surge restrict growth to 2.4%

The worst floods in the country's history, the ongoing war against terrorism and a spurt in world oil prices pulled back the economy that grew by only 2.4% against a target of 4.5% in the outgoing financial year, said Finance Minister Hafeez Shaikh. more... (ET)

Forex reserves rise to $17.339 billion

The foreign exchange reserves of the country increased by $311 million to $17.339 billion, State Bank of Pakistan (SBP) weekly report issued here on Thursday said. more... (BR)

Budget to envisage Rs105bn fresh taxes

Finance Minister Dr Abdul Hafeez Shaikh will present his second and PPP-led coalition government's fourth national budget in the National Assembly on Friday, with fresh taxation measures of about Rs105 billion, a reduction of Rs60 billion in subsidies and a consolidated deficit of Rs840 billion or four per cent of GDP. more... (D)

Cost of being a frontline state: $68b

While pressure to launch an operation in North Waziristan mounts, the latest economic survey reveals that Pakistan has already suffered almost $68 billion (Rs5.1 trillion) in losses – equivalent to almost half of the country's total debt – on account of being a frontline state in the war on terror. more... (ET)

 
Company & Sector Update

Mobile financial services: Wider access can help raise GDP by 3%: report

Wider access to mobile financial services in the country can lead to an estimated $2 billion addition to government revenues annually and help raise Pakistan's GDP growth by 3%, according to a study. more... (ET)

KESC, union tussle: Attackers shut down 27 feeders in Clifton

As many as 100 ‘miscreants' are said to have shut down 27 feeders in the Clifton Grid Station, leaving the President's Camp Office, Bilawal House, the Clifton chapter of Ziauddin Hospital, Keamari, Shirin Jinnah Colony, Clifton and Defence without electricity. more... (ET)

Farm sector posts 1.2pc growth

Agriculture sector posted a modest growth of 1.2 per cent during the outgoing fiscal year against the growth target of 3.8 per cent. However, it provided much needed support to boost exports, revival of manufacturing sector and responsible for upbeat in the consumption, says Economic Survey for 2010-11 released here on Thursday. more... (D)

'Futures contract in cotton provides regulated platform for investors'

Answering criticism in respect of approving trading of futures contract in cotton at the Pakistan Mercantile Exchange Limited (PMEX), the SECP has reiterated that the concerns raised in this regard are unsubstantiated. The SECP granted this approval after the PMEX had undertaken an extensive process of stakeholder consultation, which includes textile mills and cotton traders/brokers. more... (BR)

 

 

 
Political

Masses should come on street to protect Pakistan: Qureshi

Former Foreign Minister Shah Mehmood Qureshi has said that the nation should have to come on streets to protect country. He said that if the nation failed to react now, there will be more armed assaults and attacks on the sovereignty of Pakistan. more... (N)

'Dangerous' to abandon Pakistan: US military chief

The head of the US military said Thursday that Pakistan needed time to come to terms with the raid that killed Osama bin Laden, warning it would be a dangerous mistake to abandon the war partnership. more... (BR)

Leaderless Senate opposition to take up budget today

The opposition in the Senate will be leaderless when the government presents the budget for the next fiscal year today (Friday). more... (ET)

 

 

 
GCC

Petrol stations turn away motorists

Dubai The flow of petrol has been stemmed yet again as some fuel stations in Sharjah and Dubai turn away customers from locked pumps without explanation. more... (Zawya)

Kuwaiti bourse drops by 50-plus points

The price index of the Kuwait Stock Exchange (KSE) retreated by 51.4 points, around 0.8 percent, on Thursday, bringing the index to 6338.7 points, an eight-week low, by the end of trade, while the weighted index also saw similar losses, with a decline of 4.65 points to end at 439.1 points. more... (Gulfbase)

Dubai shares fall after global sell-off

Dubai shares retreated to their lowest in a week after Moody's, the credit ratings agency, raised the probability of Greece's defaulting on its debt to 50 per cent, igniting a global sell-off. more... (Gulfbase)


 

Quote of the Day:

" The most important single central fact about a free market is that no exchange takes place unless both parties benefit." - Milton Friedman

 
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
01-JUN-11
02-JUN-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
88.1875
-0.07%
10.27%
10.29%
2.10
     
01-JUN-11
02-JUN-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
862.50
862.50
-

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.05
13.32
13.54
13.75
Offer
13.55
13.57
13.79
14.25

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
12.50
13.20
13.30
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
85.44
123.11
1.05
139.66
23.26
1.71
0.40

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.36
13.60
13.85
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
1.15
2.99
3.01
3.25
5.25
8.27
12.44
13.45
Change bps
1.00
0.00
5.00
0.00
1.00
-5.40
0.00
0.00

Commodities

     
01-JUN-11
02-JUN-11
change
WTI (USD/bbl)    
99.46
100.38
0.93%
     
Brent (USD/bbl)    
113.86
115.43
1.38%
     
Arab Light (USD/bbl)    
110.07
111.70
1.50%

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
42,642.00
42,385.00
0.61%
Rice IRRI -6(Rs/100kg)
3,592.00
3,644.00
-1.43%
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)
1,531.60
1,541.60
-0.65%
Sugar 11 (USD/lb)
23.52
22.46
4.72%
Steel (USD/ton)
750.00
751.00
-0.13%
Wheat (CBT) (USD/bu)
774.75
760.75
1.84%
PTA (USD/ton)
1,210.00
1,205.00
0.41%
Copper (USD/ton)
8,907.00
9,090.00
-2.01%

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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.