BasedLine
Date: 07-June-2011
KSE-100 Index
Previous Index 12,236.66
Current Index
12,211.65
Change % -0.20%
YTD (CY11) 1.57%
YTD (FY11) 25.61%
KSE-100 Index
Previous Index 20,940.60
Current Index 20,854.40
Change % -0.41%
YTD (CY11) 10.90%
YTD (FY11) 42.63%
International Indicators
 
Close
%age
BSE-30 18,420.11 0.24
HANGSENG 22,940.00 -0.60
NIKKEI 225 9,380.35 -1.20
FTSE 5,863.16 0.10
DJIA 12,089.96 -0.50
SSEC 2,730.95 0.11
NASDAQ 2,702.56 -1.11
 
Close
%age
TASI 6,657.63 0.46
KSE(Kuwait) 6,312.90 0.36
BSE 1,332.48 -0.37
MSM 6,043.44 0.01
ADX 2,678.04 0.45
DFM 1,563.41 -0.21
QSE 8,117.36 -0.48
Capital Market Overview

Market watch: Bourse declines 25 points, averts major slide

The first stock market session after the budget recorded selling as the announcement had nothing for the capital market.The Karachi Stock Exchange's (KSE) benchmark 100-share index declined 0.2 per cent or 25 points to end at 12,211.65 points. more... (ET)

NAVs and Returns
as of June 06, 2011
Funds Offer Redemption
POAIIF
52.4479/-
51.9234/-
YTD Return
8.93%
POIAAF
64.80/-
63.18/-
YTD Return
22.34%
POAAAF
59.72/-
58.23/-
YTD Return
15.88%
POAF
11.16/-
YTD Return
10.42%
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
34.86
2,998
62.85
4.40
1.57%
KSE30
6.84
588
47.50
4.20
1.69%
KMI30
4.99
429
37.02
3.60
10.90%
KSE All
37.71
3,243
95.85
4.50
1.66%
June 06, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
204.01
111.74
-9.73%
OGDC
14.00
152.77
120.33
-9.34%
UBL
2.00
63.50
42.98
-6.93%
LUCK
1.70
74.30
36.53
-1.97%
June 06, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
17.79
(26.13)
(8.34)
Foreign Corporates
1,435.31
(1,299.26)
136.05
Overseas Pakistani
198.08
(238.15)
(40.06)
Grand Total
1,615.18
(1,563.54)
87.64
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
03-June-11
06-June-11
Change
Gross Buy
378.81
-36.66%
12.80
-20.87%
6.97
1.61
-76.90%
Gross Sell
-299.31
-16.17%
-4.71
-72.17%
-0.73
-1.56
-113.70%
Net Buy/(Sell)
79.49
-67.67%
8.10
-1,180.80%
6.25
0.09
-98.56%
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

`4.2pc GDP growth won`t meet job demands`

According to the plan the labour force growth, based on projected average population and increase in labour force participation rate estimated at 3 per cent which indicates that around 1.75 million new jobs would be required in next fiscal year. more... (D)

Tax evasion hit 79pc, FBR admits

The Federal Board of Revenue admitted on Monday that tax evasion hit 79 per cent this year and said it would have to be reduced to achieve the revenue target set for 2011-12. more... (D)

Deficit stable despite rising energy costs

Prime Minister Yousaf Raza Gilani has said that despite rising energy costs, the government has managed to contain the current account deficit at 1.7 per cent of total national income, which has kept the currency stable. more... (ET)

Rs30.8bn for less developed areas

The federal government would spend Rs30.8 billion for accelerated development of less-developed regions where disturbed law and order situation hampered development. more...

 
Company & Sector Update

Oil import bill to soar by 28pc

Pakistan has estimated the import of oil would increase by up to 28 per cent during next financial year, resulting in total oil import bill of more than $14.06 billion the single largest burden on foreign exchange reserves. more... (D)

Telecom services: PTCL to invest Rs16b in next five years: MD

Pakistan Telecommunication Company Limited (PTCL) would invest about Rs16 billion in the telecom sector over the next five years, stated PTCL Managing Director Walid Irshad. more... (ET)

Countdown begins again: PEPCO extends deadline for KESC for ‘dues payment'

Pakistan Electric Power Company (Pepco) has given another three days to the Karachi Electric Supply Company (KESC) “for payment of outstanding dues worth Rs28 billion” and in case of failure power supply will be stopped to Karachi, said Pepco Director General Muhammad Khalid. more... (ET)

Banks park Rs1.6tr in govt papers

Scheduled banks' investment in market treasury bills has crossed Rs1.2 trillion, while they hold 67.8 per cent of the entire government papers. more...

 
Political

Devolution continues: Sindh moves to collect sales tax on services

The Sindh Assembly passed a bill on Monday authorising the provincial government to collect general sales taxes on services, marking what is hoped to be the end of a decades-long battle between the federal and Sindh governments over the right to collect GST on services. more... (ET)

Budget debate: Lawmakers ignore discussion of the budget

Lawmakers in both houses of Parliament spent most of the session discussing all manner of subjects except the finance bill itself, with members of the Senate protesting the election of their new opposition leader and members of the National Assembly choosing to discuss political disagreements over national security matters. more... (ET)

US refuses to confirm Ilyas Kashmiri's death

The United States while refusing to confirm the death of Al-Qaeda leader and mastermind of PNS Mehran Ilyas Kashmiri in drone strike, said that the US has no source to confirm it. more... (N)

 
GCC

Gulf equities to come under selling pressure

GCC stock markets are expected to come under selling pressure in the week ahead amid softening international oil prices and concerns about the faltering US economy, market analysts say. . more... (Zawya)

High Oil Prices May Prop Up Gulf Bourses

Arab stock markets were volatile last week as investors came under negative pressure from weak US economic data and the ongoing political turmoil in the region. more... (Zawya)

Strong euro could drive UAE food prices up

Imported food in the UAE could become more expensive as the euro continues to rise, a leading economist has said. more... (Gulfbase)


 

Quote of the Day:

" I mean I'm not smarter than the market, but I can recognize a good tape and a bad tape. I recognize when it's right and when it's wrong and that's what my strength is." - Jim Cramer

 
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- May 11)
$0.32bn
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
03-JUN-11
06-JUN-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.705
-0.27%
10.37%
10.44%
7.00
     
03-JUN-11
06-JUN-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
862.50
861.15
-1.35

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.83
13.26
13.52
13.75
Offer
13.33
13.51
13.77
14.25

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
12.75
12.65
13.10
13.30
13.45
13.45
Low  
11.75
12.25
12.90
13.05
13.15
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
85.98
125.86
1.0713
141.38
23.11
1.72
0.40

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.30
13.63
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
1.16
3.02
3.00
3.27
5.22
8.26
12.47
13.45
Change bps
2.00
-4.00
1.00
-2.00
-1.00
-0.70
3.00
0.00

Commodities

     
03-JUN-11
06-JUN-11
change
WTI (USD/bbl)    
99.92
98.48
-1.44%
     
Brent (USD/bbl)    
115.41
113.88
-1.33%
     
Arab Light (USD/bbl)    
112.21
109.35
-2.55%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
94.11
97.31
-3.29%
Furnace Oil (Rs/ton)
68,540.94
71,598.15
-4.27%
Cement (Rs. Bag Avg)
403.38
403.38
0.00%
Urea Fertilizer (Rs/bag)
1,325.83
1,311.25
1.11%
Gold 24cr (Rs./10gm) Khi
42,000.00
42,642.00
-1.51%
Rice IRRI -6(Rs/100kg)
3,611.00
3,616.00
-0.14%
KCA Cotton (Rs/mound)
8,500.00
9,000.00
-5.56%
International
Current
Previous
Change
Coal Spot(USD/ton)
118.65
117.15
1.28%
Gold Futures (USD/oz)
1,544.65
1,541.95
0.18%
Sugar 11 (USD/lb)
23.59
23.95
-1.50%
Steel (USD/ton)
751.00
750.00
0.13%
Wheat (CBT) (USD/bu)
746.32
773.34
-3.49%
PTA (USD/ton)
1,215.00
1,205.00
0.83%
Copper (USD/ton)
9,122.75
9,087.75
0.39%

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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.