BasedLine
Date: 08-June-2011
KSE-100 Index
Previous Index 12,211.65
Current Index
12,314.99
Change % 0.85%
YTD (CY11) 2.43%
YTD (FY11) 26.67%
KSE-100 Index
Previous Index 20,854.40
Current Index 21,074.48
Change % 1.06%
YTD (CY11) 12.07%
YTD (FY11) 44.14%
International Indicators
 
Close
%age
BSE-30 18,495.62 0.41
HANGSENG 23,091.80 0.40
NIKKEI 225 9,442.95 0.70
FTSE 5,872.89 0.10
DJIA 12,070.80 -0.16
SSEC 2,735.04 0.15
NASDAQ 2,701.56 -0.04
 
Close
%age
TASI 6,614.13 -0.65
KSE(Kuwait) 6,314.10 0.02
BSE 1,339.16 0.50
MSM 6,053.32 0.16
ADX 2,690.05 0.45
DFM 1,564.88 0.09
QSE 8,183.50 0.81
Capital Market Overview

Market watch: Stocks surge amid healthy volumes

Equities started off on a slow note but witnessed a burst of activity on Tuesday to close above the 12,300 points level after a four-month gap. The Karachi Stock Exchange's (KSE) benchmark 100-share index gained 0.85 per cent or 103.34 points to end at 12,314.99 point level. more... (ET)

NAVs and Returns
as of June 07, 2011
Funds Offer Redemption
POAIIF
52.4546/-
51.9301/-
YTD Return
8.91%
POIAAF
64.99/-
63.37/-
YTD Return
22.71%
POAAAF
59.89/-
58.39/-
YTD Return
16.20%
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 117 117 -
KSE Market Data
KSE Market Data
Capitalization
Volume
Traded Val.
KSE Return
 
(USD bn)
(Rs. bn)
(Sh. mn)
(Rs.bn)
(YTD)
KSE100
35.18
3,025
79.53
6.44
2.43%
KSE30
6.91
594
60.31
6.19
2.72%
KMI30
5.04
434
43.39
4.88
12.07%
KSE All
38.03
3,271
100.02
6.59
2.46%
June 07, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
206.52
111.64
-8.62%
OGDC
14.00
153.63
120.23
-8.83%
UBL
2.00
63.76
42.94
-6.55%
LUCK
1.70
73.46
36.50
-3.07%
June 07, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
59.83
(55.63)
4.21
Foreign Corporates
1,591.73
(2,460.18)
(1,048.44)
Overseas Pakistani
233.62
(223.07)
10.55
Grand Total
1,885.19
(2,918.88)
(1,033.69)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
06-June-11
07-June-11
Change
Gross Buy
380.69
-36.70%
14.69
-38.68%
1.61
1.88
16.77%
Gross Sell
-302.23
-16.22%
-7.63
-27.10%
-1.56
-2.92
-87.18%
Net Buy/(Sell)
78.46
-68.04%
7.06
-60.66%
0.09
-1.03
-1,244.44%
S.C.R.A
Country
During the Year July 10 to Date
06-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
55.51
0.10
-
38.13
-
-
17.48
0.001
-
0.001
Luxembourg
69.93
-
-
63.35
-
-
6.70
0.05
0.09
-0.04
Switzerland
37.94
0.72
-
15.54
-
-
23.09
-
-
-
UAE
5.96
0.19
-
7.52
-
-
0.66
-
-
-
UK
146.89
192.14
-
133.91
202.63
2.85
-3.38
-
-
-
USA
422.14
-
34.48
243.08
-
23.50
190.22
1.32
0.67
0.65
Total
772.01
193.15
46.95
526.96
202.63
30.33
249.18
1.37
0.75
0.62
News Clippings
Economy

PM for early agreement on free trade with US

Prime Minister Yousaf Raza Gilani on Tuesday called for an early conclusion of Free Trade Agreement between Pakistan and United States to promote economic activity. more... (ET)

Labour force increased by 1.20 million

Labour force in the country during the outgoing fiscal 2010-11 has increased by 1.20 million as compared to the previous year as total workforce available has touched 54.92 million figures. more... (BR)

Pakistan exports to UK rise by 24pc from March 2010

Exports from Pakistan to the United Kingdom have increased by 24 percent and accounted a value of 70.15 million pounds in March 2011 as compared to 56.57 million pounds in the corresponding period up to March 2010. more... (BR)

G-B development: Govt allocates Rs19.2 billion for 15 projects

The federal government has earmarked over Rs19.214 billion for various development projects in Gilgit-Baltistan (G-B), under the Public Sector Development Programme (PSDP) 2011-12. more... (ET)

 
Company & Sector Update

Mineral sector: Only 54% funds utilised from total allocation in fiscal 2011

The government has utilised only 54 per cent funds from the total allocation on different projects in the mineral sector during the outgoing financial year. more... (ET)

Govt warns firms that licences may be cancelled

As the petrol shortage deepens, the government has given directives to the Ministry of Petroleum and the Oil and Gas Regulatory Authority (Ogra) to cancel licences of those oil marketing companies (OMCs) which have failed to build storages to keep required stocks. more... (ET)

KSE end higher, POL leads on new oil, gas discovery

Karachi Stock Exchange (KSE) ended higher on Tuesday, led by Pakistan Oilfields Ltd (POL), which announced the discovery of new oil and gas reserves yesterday. more... (BR)

Financial assistance: Cells for addressing growers' problems formed

The divisional administration has established complaint cells at offices of DCOs and EDOs revenue to readdress complaints of farmers, who were involved in acquiring loans. more... (ET)

 
Political

Punjab eying Rs20.5 billion foreign money

Punjab is eying over Rs20 billion in foreign assistance to finance various projects next year, which is 163 per cent more than what the province received this year. more... (ET)

PM pledges to control price hike, electricity shortage

Prime Minister Syed Yusuf Raza Gilani on Sunday said the PPP-led government would control price hike and energy crisis. more... (BR)

Visa restrictions to be eased: India

Indian High Commissioner Sharat Sabharwal said on Tuesday that India and Pakistan had decided to ease visa restrictions. more... (D)

 
GCC

UAE's banking and finance sectors are hiring again

Spurred by positive business sentiments, hiring in the UAE and the Middle East has gone up this year over 2010. There are sectors that are more bullish and are hiring in healthy numbers, according to experts. more... (Zawya)

Housing is pre-requisite for work permit: UAE

UAE labour authorities have told private sector establishments that they must first provide decent housing for expatriate workers if they want to have their work permits renewed or issued, press reports said on Tuesday. more... (Zawya)

Bahrain to Further Strengthen its Position as the Global Nerve Centre for Islamic Finance

More than 1,200 delegates from over 50 countries are set to join the leaders from the global Islamic finance industry at the 18 th Annual World Islamic Banking Conference (WIBC 2011) in Bahrain, confirming the Kingdom's position as the leading global hub for Islamic finance. more... (Zawya)

 

Quote of the Day:

" You can't overestimate the need to plan and prepare. In most of the mistakes I've made, there has been this common theme of inadequate planning beforehand. You really can't over-prepare in business!"

- Chris Corrigan

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
2.50%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
176.25mn
US$ Reserves (May 26, 2011)
$17.34bn
Trade Balance (Jul 10- Apr 11)
($12.11bn)
Curr. A/C (Jul 10-Apr 11)
$748mn
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 (May-11) 13.23%
   
CPI Gen. - FY11 (Jul- May 11) 14.00%
   
NFNE Core INFL - YoY (May 11) 10.20%
   
NFNE Core INFL -FY11 (Jul- May 11) 9.60%

Money Market

 
Price
Change
06-JUN-11
07-JUN-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.845
0.16%
10.44%
10.40%
-3.90
     
06-JUN-11
07-JUN-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
861.15
860.85
-0.30

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.98
13.28
13.52
13.75
Offer
13.48
13.53
13.77
14.25

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.75
13.20
13.10
13.30
13.45
13.45
Low  
12.50
12.95
12.90
13.05
13.15
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
85.95
125.42
1.0712
141.38
23.39
1.72
0.40

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.31
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
14.12
14.10

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
1.17
3.09
2.99
3.33
5.26
8.28
12.40
13.45
Change bps
1.00
7.00
-1.00
6.00
4.00
2.30
-7.00
0.00

Commodities

     
06-JUN-11
07-JUN-11
change
WTI (USD/bbl)    
98.48
98.60
0.12%
     
Brent (USD/bbl)    
113.88
116.28
2.11%
     
Arab Light (USD/bbl)    
109.35
110.91
1.43%

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
404.00
-0.15%
Urea Fertilizer (Rs/bag)
1,325.83
1,311.25
1.11%
Gold 24cr (Rs./10gm) Khi
42,642.00
42,000.00
1.53%
Rice IRRI -6(Rs/100kg)
3,585.00
3,611.00
-0.72%
KCA Cotton (Rs/mound)
8,500.00
9,000.00
-5.56%
International
Current
Previous
Change
Coal Spot(USD/ton)
118.65
118.40
0.21%
Gold Futures (USD/oz)
1,544.15
1,544.65
-0.03%
Sugar 11 (USD/lb)
24.35
23.95
1.54%
Steel (USD/ton)
750.00
751.00
-0.13%
Wheat (CBT) (USD/bu)
733.00
746.32
-1.78%
PTA (USD/ton)
1,215.00
1,210.00
0.41%
Copper (USD/ton)
9,126.50
9,122.75
0.04%

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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.