BasedLine
Date: 06-June-2011
KSE-100 Index
Previous Index 12,179.81
Current Index
12,236.66
Change % 0.47%
YTD (CY11) 1.78%
YTD (FY11) 25.87%
KSE-100 Index
Previous Index 20,839.62
Current Index 20,940.60
Change % 0.48%
YTD (CY11) 11.36%
YTD (FY11) 43.22%
International Indicators
 
Close
%age
BSE-30 18,376.48 -0.60
HANGSENG 22,940.00 -0.60
NIKKEI 225 9,492.21 -0.70
FTSE 5,855.01 0.10
DJIA 12,151.30 -0.79
SSEC 2,728.02 0.84
NASDAQ 2,732.78 -1.46
 
Close
%age
TASI 6,626.94 0.03
KSE(Kuwait) 6,290.40 -0.76
BSE 1,337.42 -0.13
MSM 6,042.57 -0.64
ADX 2,666.16 -0.24
DFM 1,566.71 0.02
QSE 8,156.60 -1.02
Capital Market Overview

Market Watch: Bourse crawls up on pre-budget reports

Budget related news brought some life to a quiet stock market during the week ended June 3. The KSE-100 benchmark index gained only 0.1 per cent to close at 12,236.66 on a weekly basis. more... (ET)

NAVs and Returns
as of June 03, 2011
Funds Offer Redemption
POAIIF
52.4045/-
51.8805/-
YTD Return
8.92%
POIAAF
64.90/-
63.28/-
YTD Return
22.53%
POAAAF
59.89/-
58.39/-
YTD Return
16.20%
POAF
11.14/-
YTD Return
10.41%
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
34.93
3,004
43.74
2.39
1.78%
KSE30
6.90
589
28.58
2.21
1.92%
KMI30
5.01
430
19.30
1.58
11.36%
KSE All
37.81
3,251
65.32
2.46
1.92%
June 03, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
200.20
111.57
-11.42%
OGDC
14.00
154.09
120.15
-8.65%
UBL
2.00
63.03
42.91
-7.62%
LUCK
1.70
74.75
36.47
-1.37%
June 03, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
27.94
(31.25)
(3.31)
Foreign Corporates
6,857.28
(625.30)
6,231.99
Overseas Pakistani
88.89
(68.42)
20.47
Grand Total
6,974.11
(724.96)
6,249.15
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
02-June-11
03-June-11
Change
Gross Buy
377.16
-36.93%
11.15
-31.07%
2.23
6.97
200.45%
Gross Sell
-297.75
-16.60%
-3.14
-81.42%
-1.32
-0.73
-44.70%
Net Buy/(Sell)
79.41
-67.70%
8.01
-1,169.11%
0.91
6.25
586.81%
S.C.R.A
Country
During the Year July 10 to Date
03-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
-
-
-
Luxembourg
68.25
-
-
30.91
-
-
7.48
0.80
0.01
0.80
Switzerland
37.03
0.11
-
15.53
-
-
21.55
0.04
-
0.20
UAE
6.00
0.18
-
7.34
-
-
0.83
-
-
-
UK
146.27
192.14
-
133.01
202.63
2.85
-3.07
-
-
-
USA
419.32
-
34.48
240.34
-
23.50
190.15
1.20
1.30
-0.10
Total
762.99
192.54
46.95
520.43
202.63
30.33
246.11
2.20
1.40
0.90
News Clippings
Economy

Budget focuses on best possible management of resources

Federal Minister for Finance Dr. Abdul Hafeez Sheikh on Saturday said the budgetary measures taken for the upcoming fiscal year are aimed at bringing economic stability with best possible management and mobilization of resources. more... (BR)

Extra Rs150b sanctioned above defence budget

On top of the Rs495 billion officially-sanctioned defence budget, the government has allocated an additional Rs150 billion for the armed forces, almost half of which was billed under the Armed Forces Development Programme. more... (ET)

Such budgets will eliminate middle class: Pagara

Spiritual leader of Hurs, Pir Pagara, criticizing the federal budget for 2011-12 presented on Friday, said if more budgets of this sort kept coming they would completely eliminate the middle class. more... (N)

Hafeez optimistic on meeting Rs1588bn tax collection target

Minister for Finance, Dr. Abdul Hafeez Sheikh on Saturday said Federal Bureau of Revenue (FBR) would be successful in meeting the tax collection target of Rs1588 billion during this fiscal year. more... (BR)

 
Company & Sector Update

Rs3bn secret funds for one ministry

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)

Government keeps strategic reserves to reduce imports

Federal Minister for Finance, Dr. Abdul Hafeez Sheikh on Saturday said government was keeping strategic reserves of essential food items including wheat and sugar to reduce dependence on imports. more... (BR)

Government increases development spending by 9% to Rs730b

The government has increased the public sector development budget by nine per cent to Rs730 billion for the upcoming financial year, with centre's share being Rs290 billion and provinces getting Rs430 billion. more... (ET)

Modest trading, small fluctuations marked the week; spot rate remains static at Rs 8,500

Modest trading was marked on the cotton market throughout the week where price variation was only in a day or two. The spot rate was same right from day one to the closure of the week. more... (BR)

 
Political

Budget 2011, an excellent budget: PM Gilani

Prime Minister Yousuf Raza Gilani said that the government has successfully come up with an excellent budget despite enormous financial odds. Talking to the media in Multan, Prime Minister Gilani said democratic values and principles concerning the budget would be upheld. more... (ET)

Rs3bn secret funds for one ministry

While calls for disclosing details of budgetary allocations in parliament and its standing committees are getting louder, the ministry of information and broadcasting will spend nearly Rs3 billion under the head of ‘other expenditures' without explaining the purpose for which such a huge amount has been allocated. more... (D)

Planning function to be devolved to provinces

The government has decided to change the composition of the Planning Commission and induct as members one nominee of each province to formulate national plans in line with provincial development and planning priorities. more... (D)

Defending the document: Budget not a panacea, says Hafeez Shaikh

Amidst scepticism about its ability to deliver on a tight budget, the government on Saturday vowed to stand firm and implement its proposed fiscal framework . This, it said, will be done by authorising power sector regulators to pass on an increase in the power rates and by widening the tax net significantly. more... (ET)

 

 
GCC

Dubai debt no longer among the riskiest

The cost of insuring five-year Dubai debt against default plunged to below its pre-crisis levels over the weekend, with the emirate no longer among the top 10 default probables. more... (Zawya)

Slow market trading as Saudi sell-off sets the tone

The UAE's markets were slow to rise yesterday from their weekend slumber as volumes remained thin. more... (Gulfbase)

Bahrain approves $16.4b spending

Bahrain's king approved a budget of $16.44 billion over the next two years, a finance ministry spokesman said Sunday - a 44 percent rise in expenditures in the kingdom, hit by political unrest earlier this year. more... (Gulfbase)


 

Quote of the Day:

" In the struggle for survival, the fittest win out at the expense of their rivals because they succeed in adapting themselves best to their environment." - Charles Darwin

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
2.50%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
176.24mn
US$ Reserves (May 26, 2011)
$17.34bn
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)
Rs712.98bn
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
02-JUN-11
03-JUN-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.9383
-0.28%
10.29%
10.37%
7.30
     
02-JUN-11
03-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
13.01
13.29
13.52
13.76
Offer
13.51
13.54
13.77
14.26

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.00
13.10
13.30
13.30
13.45
13.45
Low  
11.75
12.80
13.05
13.05
13.15
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
85.10
124.46
1.06
139.70
23.16
1.72
0.40

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.40
13.65
13.81
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
3.06
2.99
3.29
5.23
8.27
12.44
13.45
Change bps
-1.00
7.00
-2.00
4.00
-2.00
-0.50
0.00
0.00

Commodities

     
02-JUN-11
03-JUN-11
change
WTI (USD/bbl)    
100.38
99.92
-0.46%
     
Brent (USD/bbl)    
115.43
115.41
-0.02%
     
Arab Light (USD/bbl)    
111.70
112.21
0.46%

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
42,557.00
42,642.00
-0.20%
Rice IRRI -6(Rs/100kg)
3,616.00
3,592.00
0.67%
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)
1,546.90
1,531.60
1.00%
Sugar 11 (USD/lb)
23.95
23.52
1.83%
Steel (USD/ton)
751.00
750.00
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)
9,087.75
8,907.00
2.03%

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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.