BasedLine
Date: 10-June-2011
KSE-100 Index
Previous Index 12,367.29
Current Index
12,330.14
Change % -0.30%
YTD (CY11) 2.56%
YTD (FY11) 26.83%
KSE-100 Index
Previous Index 21,125.76
Current Index 21,061.41
Change % -0.30%
YTD (CY11) 12.00%
YTD (FY11) 44.05%
International Indicators
 
Close
%age
BSE-30 18,384.90 -0.05
HANGSENG 22,609.80 -0.20
NIKKEI 225 9,467.15 0.20
FTSE 5,856.34 0.80
DJIA 12,124.36 0.63
SSEC 2,697.99 -1.90
NASDAQ 2,684.87 0.35
 
Close
%age
TASI 6,540.65 -1.11
KSE(Kuwait) 6,306.70 -0.02
BSE 1,347.69 0.03
MSM 6,016.48 0.29
ADX 2,703.34 0.26
DFM 1,556.71 0.26
QSE 8,276.27 1.13
Capital Market Overview

Market watch : Stocks fall in lacklustre session

Stocks fell on Thursday after spending most of the day on the neutral line as investors opted to book profits at higher levels. The Karachi Stock Exchange's (KSE) benchmark 100-share index fell 0.3 per cent or 37.15 points to end at 12,330.14 point level. more... (ET)

NAVs and Returns
as of June 09, 2011
Funds Offer Redemption
POAIIF
52.4832/-
51.9584/-
YTD Return
8.92%
POIAAF
65.01/-
63.38/-
YTD Return
22.73%
POAAAF
59.78/-
58.29/-
YTD Return
16.00%
POAF
11.17/-
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
35.22
3,029
75.86
3.26
2.56%
KSE30
6.91
594
44.73
2.92
2.65%
KMI30
5.04
433
17.95
1.79
12.00%
KSE All
38.09
3275
111.86
5.31
2.59%
June 09, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
205.54
111.44
-9.05%
OGDC
13.00
155.34
111.44
-7.82%
UBL
2.00
63.50
42.86
-6.93%
LUCK
1.70
73.33
36.43
-3.25%
June 09, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
14.93
(13.33)
1.60
Foreign Corporates
939.27
(4,693.95)
(3,754.68)
Overseas Pakistani
845.99
(169.60)
676.39
Grand Total
1,800.20
(4,876.88)
(3,076.68)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
08-June-11
09-June-11
Change
Gross Buy
384.42
-36.40%
18.42
-30.63%
1.93
1.80
-6.73%
Gross Sell
-311.59
-14.08%
-16.98
152.24%
-4.48
-4.88
-8.93%
Net Buy/(Sell)
72.83
-70.48%
1.43
-92.76%
-2.55
-3.08
-20.78%
S.C.R.A
Country
During the Year July 10 to Date
08-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
-
-
-
Luxembourg
70.25
-
-
63.63
-
-
6.75
0.22
0.16
0.06
Switzerland
39.45
1.24
-
15.54
-
-
25.12
-
-
-
UAE
5.96
0.19
-
7.52
-
-
0.66
-
-
-
UK
146.89
192.14
-
133.91
202.63
2.85
-3.38
-
-
-
USA
425.09
-
36.10
244.09
-
23.50
193.78
1.94
0.37
1.58
Total
777.56
193.67
48.57
528.25
202.63
30.33
255.58
2.42
0.52
1.90
News Clippings
Economy

Centre to provinces: Project aid depends on increase in agriculture tax collection

The federal government has informed the provinces that future flow of foreign aid for provincial development projects would largely depend on their ability to improve agriculture tax collection. more... (BR)

Punjab govt plans to broaden sales tax base

The Punjab government proposes to adjust property and motor vehicles taxes and broaden the scope of provincial sales tax on services in the budget for the fiscal 2011/12 being announced on Friday (today). more... (D)

Country's exports increase by 33 percent

The exports of Pakistan in May 2011 increased by 33 percent over the exports in May 2010, according to the provisional trade statistics released by Federal Board of Revenue (FBR). more... (BR)

 
Company & Sector Update

PM asks ministry to speed up work on Khalifa Refinery

Prime Minister Syed Yousaf Raza Gilani has directed the Ministry of Petroleum to finalise the plan for the proposed Khalifa Coastal Refinery near Gwadar, which will be established with the assistance of United Arab Emirates. more... (ET)

Turkish firm to generate power from Thar coal

The Sindh government and a Turkish company have signed an agreement for generating electricity from Thar coal. Under the agreement, which was signed at the Chief Minister's House the other day, Turkish firm Colakoglu Investment would produce 600 megawatts of electricity from coal in the first phase through an investment of $1 billion. more... (ET)

Textile exporters seek refund facility extension

Textile exporters have expressed concern that their exports will fall drastically if the duty drawback facility is not extended beyond June and pending claims are not cleared. more... (ET)

 
Political

President Karzai arrives on Friday

Afghanistan President Hamid Karzai will arrive here Friday on a two-day visit to Pakistan on the invitation of President Asif Ali Zardari. " Pakistan and Afghanistan enjoy close cordial relations. more... (BR)

Needs-based efforts underway to overcome petrol shortage: Secretary

Secretary Petroleum Muhammad Ejaz Chaudhry on Wednesday said needs-based efforts had been made to ensure smooth petrol supply across the country. more... (BR)

Zardari vows to enhance Pakistan-Japan trade

President Asif Ali Zardari on Thursday said the trade volume between Pakistan and Japan was yet to fully reflect the depth of bilateral relations. He stressed the need to increase mutual trade activities by encouraging Japanese investment in Pakistan. more... (BR)

 
GCC

Dubai set to return to the bond market

Dubai plans a return to the bond markets as the indebted emirate seeks to tap rising confidence in its status as a haven amid Arab unrest. more... (Zawya)

Donors at Abu Dhabi summit pledge over $1.3 billion for Libya's main opposition

More than $1.3 billion to help support Libya's main opposition group were pledged here Thursday at the ministerial meeting of the Contact Group as countries met to prepare for the post-Muammar Gaddafi era. more... (Gulf News)

Beirut political crisis weighs on commercial sector

Thecomplicated local political situation is weighing heavily on thecommercial sector in Lebanon, said Zuhair Itani, head of Hamra'smerchants association. “Hamra shops are suffering from a very low salesturnover rate due to the absence of a government which is having a verybad impact on consumers' sentiments,” he said. more... (Zawya)

 

Quote of the Day:

" The most efficient way to produce anything is to bring together under one management as many as possible of the activities needed to turn out the product." - Peter Drucker

 
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
08-JUN-11
09-JUN-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.662
0.18%
10.50%
10.46%
-4.30
     
08-JUN-11
09-JUN-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
862.50
851.42
-11.08

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.05
13.28
13.53
13.75
Offer
13.51
13.53
13.78
14.25

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.90
13.20
13.25
13.30
13.45
13.45
Low  
13.00
12.95
13.00
13.05
13.15
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
85.7
124.451
1.0699
140.07
23.33
1.74
0.40

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.34
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
1.14
3.03
2.98
3.27
5.19
8.27
12.31
13.45
Change bps
0.00
-2.00
3.00
-2.00
0.00
2.70
-1.00
0.00

Commodities

     
08-JUN-11
09-JUN-11
change
WTI (USD/bbl)    
101.20
101.85
0.64%
     
Brent (USD/bbl)    
118.35
119.80
1.22%
     
Arab Light (USD/bbl)    
113.43
114.53
0.97%

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
42,428.00
42,471.00
-0.10%
Rice IRRI -6(Rs/100kg)
3,633.00
3,609.00
0.67%
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)
1,544.10
1,537.65
0.42%
Sugar 11 (USD/lb)
23.99
24.35
0.98%
Steel (USD/ton)
750.63
751.00
-0.05%
Wheat (CBT) (USD/bu)
769.75
759.25
1.38%
PTA (USD/ton)
1,215.00
1,210.00
0.41%
Copper (USD/ton)
9,040.00
9,015.00
0.28%

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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.