BasedLine
Date: 09-June-2011
KSE-100 Index
Previous Index 12,314.99
Current Index
12,367.29
Change % 0.42%
YTD (CY11) 2.87%
YTD (FY11) 27.21%
KSE-100 Index
Previous Index 21,074.48
Current Index 21,125.76
Change % 0.24%
YTD (CY11) 12.34%
YTD (FY11) 44.49%
International Indicators
 
Close
%age
BSE-30 18,394.29 -0.55
HANGSENG 22,661.63 -0.90
NIKKEI 225 9,449.46 0.10
FTSE 5,808.89 -1.00
DJIA 12,048.90 -0.18
SSEC 2,750.29 0.56
NASDAQ 2,675.38 -0.97
 
Close
%age
TASI 6,540.65 -1.11
KSE(Kuwait) 6,308.10 -0.10
BSE 1,347.34 0.61
MSM 5,999.38 -0.89
ADX 2,696.36 0.23
DFM 1,552.74 -0.78
QSE 8,183.41 0.00
Capital Market Overview

Market watch: Bourse gains amid strong volumes

The stock market managed to close in the black on Wednesday after late profit taking was covered by rise in index heavyweight Oil and Gas Development Company. The Karachi Stock Exchange's (KSE) benchmark 100-share index gained 0.42 per cent or 52.3 points to end at 12,367.29 point level. more... (ET)

NAVs and Returns
as of June 08, 2011
Funds Offer Redemption
POAIIF
52.4689/-
51.9442/-
YTD Return
8.92%
POIAAF
65.07/-
63.44/-
YTD Return
22.84%
POAAAF
59.91/-
58.41/-
YTD Return
16.24%
POAF
11.16/-
YTD Return
10.43%
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
35.33
3,038
123.23
5.15
2.87%
KSE30
6.94
596
57.23
4.30
3.17%
KMI30
5.05
434
36.23
3.01
12.34%
KSE All
38.19
3284
151.29
5.31
2.88%
June 07, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
208.10
111.57
-7.92%
OGDC
17.60
155.92
151.05
-7.47%
UBL
2.00
63.93
42.91
-6.30%
LUCK
1.70
73.53
36.48
-2.98%
June 07, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
15.59
(26.92)
(11.33)
Foreign Corporates
1,661.08
(3,536.48)
(1,875.40)
Overseas Pakistani
251.70
(917.15)
(665.45)
Grand Total
1,928.37
(4,480.55)
(2,552.18)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
07-June-11
08-June-11
Change
Gross Buy
380.69
-36.70%
14.69
-38.68%
1.88
1.93
2.66%
Gross Sell
-302.23
-16.22%
-7.63
-27.10%
-2.92
-4.48
-53.42%
Net Buy/(Sell)
78.46
-68.04%
7.06
-60.66%
-1.03
-2.55
-147.57%
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

Compliance with international standards critical for increasing trade: Zardari

President Asif Ali Zardari said the key to Pakistan's economic development lies in trade and not aid and compliance with international standards through accreditation is critical for gaining market access and enhancing trade. more... (BR)

SECP issues warning to company owners for late filing of returns

The Securities and Exchange Commission of Pakistan (SECP) has issued 21 warning letters to the directors and beneficial owners of 13 listed companies for late filing of returns. more... (BR)

Minimum capital requirement: 50pc banks in trouble: SBP

Many banks are failing to meet the Minimum Capital Requirement (MCR) set by the State Bank as number of failing banks has reached nearly half of the total banks. more... (D)

Pakistan is a hard sell for its investment chief

The investment board chairman is charged with persuading foreign companies to pump money into a country marred by suicide bombings, rampant corruption, an inept government and power cuts that cripple industries. more... (D)

 
Company & Sector Update

Oil and gas sector: Tax collection may fall short of target

Tax collection from the oil and gas sector will increase by nine per cent in the upcoming fiscal year against the government's expectation of a whopping of 33 per cent, according to JS Global Capital.
more... (ET)

Textile mills to operate during gas outages

Textile associations, while rejecting gas outages in summer, have announced that they will not close their manufacturing facilities during the scheduled shutdown and will continue to consume gas. more... (ET)

French firms asked to buy OGDC bonds

The Privatisation Commission has offered French business groups to participate in the upcoming monetising of up to 10 per cent of government shareholding in Oil & Gas Development Company (OGDC) through exchangeable bonds. more... (D)

Mayday: Filling stations run out of petrol

The shortage of petrol has deepened as sales of the fuel have been suspended in various areas of Karachi, industry stakeholders say. more... (ET)

 
Political

Govt approves Rs56.9bn road projects

The government has given a go-ahead for nine road projects of Rs56.9 billion proposed by the National Highway Authority (NHA). more... (D)

Rangers shooting: Extrajudicial killing caught on tape

A youth was killed when Rangers shot him in a busy area of Karachi, Boat Basin, television channels reported late on Wednesday. more... (ET)

Buried in red tape: Govt runs budget overruns without parliament's approval

The government has spent Rs386.7 billion over the budgeted limit approved by Parliament, with the country's economic managers misleading the legislature by burying the government's real expenditure inside official documents and citing different figures in the finance minister's budget speech. more... (ET)

 
GCC

Saudis rue 'worst Opec meeting'

Talks between members of the Organisation of Petyroleum Exporting Countries (Opec) broke down in acrimony yesterday without an agreement to raise oil output after Saudi Arabia failed to convince the group to lift production. more... (GN)

Kuwait: Investors concentrate on medium sized stocks

Blue chips closed almost unchanged during yesterday session as Investors concentrate on selected medium sized stocks. All 10 large cap stocks closed flat, except for Gulf Bank which lost 1.82 percent from its share value. more... (Zawya)

Saudi index at 7-week low

Saudi stock benchmark Tadawul All Share Index slumped to a seven-week low since April 19, losing 1.11 percent to close at 6,540.65 points Wednesday, with investors reducing positions ahead of end-of-year school holidays. more... (Zawya)

 

Quote of the Day:

" Don't limit yourself. Many people limit themselves to what they think they can do. You can go as far as your mind lets you. What you believe, remember, you can achieve!"

- Mary Kay Ash

 
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
85.85
125.51
1.0724
141.90
23.37
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

     
07-JUN-11
08-JUN-11
change
WTI (USD/bbl)    
98.60
101.20
2.64%
     
Brent (USD/bbl)    
116.28
118.35
1.78%
     
Arab Light (USD/bbl)    
110.91
113.43
2.27%

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.