BasedLine
Date: 13-June-2011
KSE-100 Index
Previous Index 12,330.14
Current Index
12,377.77
Change % 0.39%
YTD (CY11) 2.96%
YTD (FY11) 27.32%
KSE-100 Index
Previous Index 21,061.41
Current Index 21,159.27
Change % 0.46%
YTD (CY11) 12.52%
YTD (FY11) 44.72%
International Indicators
 
Close
%age
BSE-30 18,268.54 -0.63
HANGSENG 22,420.40 -0.80
NIKKEI 225 9,514.44 0.50
FTSE 5,765.80 -1.52
DJIA 11,951.91 -1.42
SSEC 2,705.14 0.07
NASDAQ 2,643.73 -1.53
 
Close
%age
TASI 6,549.42 0.61
KSE(Kuwait) 6,306.00 -0.01
BSE 1,348.78 0.08
MSM 6,033.24 0.28
ADX 2,700.84 -0.09
DFM 1,551.67 -0.32
QSE 8,286.08 0.12
Capital Market Overview

KSE-100 Index gains on fresh buying

Prices of local equities ended higher on Friday, as investors accumulated energy sector shares following a rise in international oil prices, dealers said. The Karachi Stock Exchange's benchmark 100-share index ended 0.39 percent, or 47.63 points, higher at 12,377.77. more... (N)

NAVs and Returns
as of June 10, 2011
Funds Offer Redemption
POAIIF
52.4976/-
51.9726/-
YTD Return
8.92%
POIAAF
65.04/-
63.41/-
YTD Return
22.78%
POAAAF
59.79/-
58.30/-
YTD Return
16.02%
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
35.28
3,034
59.32
3.49
2.96%
KSE30
6.91
594
38.32
3.23
2.67%
KMI30
5.04
434
24.82
2.62
12.52%
KSE All
38.14
3280
102.59
3.65
2.95%
June 10, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
205.64
111.31
-9.01%
OGDC
17.01
156.07
145.64
-7.38%
UBL
2.00
63.36
42.81
-7.14%
LUCK
1.70
72.86
36.39
-3.87%
June10, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
23.17
(10.59)
12.58
Foreign Corporates
2,688.69
(3,199.74)
(511.05)
Overseas Pakistani
239.43
(151.85)
87.59
Grand Total
2,951.30
(3,362.18)
(410.88)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
09-June-11
10-June-11
Change
Gross Buy
387.37
-35.99%
21.37
-25.16%
1.80
2.95
63.89%
Gross Sell
-314.95
-13.39%
-20.35
169.58%
-4.88
-3.36
31.15%
Net Buy/(Sell)
72.42
-70.60%
1.02
-95.13%
-3.08
-0.41
86.69%
S.C.R.A
Country
During the Year July 10 to Date
10-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
56.14
0.10
-
38.34
-
-
17.90
0.63
0.21
0.42
Luxembourg
70.25
-
-
64.97
-
-
5.41
-
0.63
-0.63
Switzerland
39.45
1.30
-
15.58
-
-
25.13
-
0.01
0.05
UAE
5.96
0.19
-
7.52
-
-
0.66
-
-
-
UK
147.09
192.14
-
134.80
202.63
2.85
-4.07
0.08
0.51
-0.43
USA
425.44
-
36.10
246.47
-
23.50
191.74
0.05
1.54
-1.49
Total
778.92
193.73
48.57
533.11
202.63
30.33
252.14
0.84
2.90
-2.00
News Clippings
Economy

Forex reserves ease to $17.16bn

Foreign exchange reserves fell to $17.16 billion in the week ending June 4, from $17.34 billion the previous week, SBP official said on Thursday. more... (BR)

Remittances cross $10bn mark first time in country's history

The remittances sent home by overseas Pakistani workers have crossed $10 billion mark for the first time in country's history. more... (BR)

Trade under Pak-Afghan transit from Monday

Trade will begin under Pak-Afghan Transit Trade agreement from Monday, Geo News reported. Under the pact, trucks carrying exports goods from Afghanistan to India will make their maiden journey to Wahga Border on Monday. more... (N)

 
Company & Sector Update

Standard Chartered to expand consumer, Islamic banking in Pakistan

To grow its business in Pakistan, Standard Chartered plans to focus on expanding its consumer banking line as well as its Islamic banking portfolio, according to the bank's Pakistan head, Mohsin Nathani. more... (ET)

Govt allocates Rs.147b for energy sector subsidy

The government has allocated Rs 147 billion for energy sector subsidy for 2011-12 as against the subsidy of Rs 343 billion in FY11, down 57 percent. more... (N)

CS preside meeting on wind power projects

Sindh Chief Secretary Abdus Subhan Memon has called for coordination and cooperation among all departments to have a proper solution of different issues in accordance with the rules and devise policy. more... (BR)

 
Political

Abbottabad raid: JUI-F opposes PML-N demand for independent panel

The chief of his own faction of the Jamiat Ulema-e-Islam (JUI-F) has opposed the demand by the Pakistan Muslim League-Nawaz (PML-N) for an independent commission to investigate the May 2 killing of al Qaeda godfather Osama bin Laden in a US commando operation in Abbottabad. more... (ET)

Low rate of terrorists' conviction worries military

The military authorities have expressed serious concern over what they call dismally low rate of terrorists' conviction by courts throughout the country. more... (D)

Bureaucracy structure change likely

The government is considering to drastically change the service structure by replacing 22 pay scales and various cadres of civil bureaucracy into a contract-based National Executive Service (NES) for senior-level policy formulation. more... (D)

 
GCC

Kuwait plans residency cap to limit foreign presence

Kuwait is planning to introduce residency caps on foreigners to bring down their number in the country to 45 per cent of the total population. Currently, expatriates at 2,340,000 make up 69 per cent of the population while Kuwaitis, with 1,102,000, are only 31 per cent, according to the 2010 census. more... (Gulf News)

Dubai investor floats aircraft seats joint venture

International Project Management Investment (IPM), a Dubai-based investor, yesterday said it has entered into an agreement with Corporate Consulta SA of Fribourg, Switzerland, to create a Dh1-billion advanced aviation technology joint venture — Jiahang United Seating Technologies (JUST). more... (Zawya)

Airlines battle fuel costs with higher fares

T Airlines around the world will have to increase fares by about five per cent to offset the massive 50 per cent surge in fuel prices over the last 12 months, the chief economist of the International Air Transport Association (IATA) said. more... (Zawya)

 

Quote of the Day:

" God didn't have time to make a nobody, only a somebody.I believe that each of us has God-given talents within us waiting to be brought to fruition." - Mary Kay Ash

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
2.50%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
176.30mn
US$ Reserves (June 04, 2011)
$17.16bn
Trade Balance (Jul 10- May 11)
($14.11bn)
Curr. A/C (Jul 10-Apr 11)
$748mn
Remittances (July 10- May 11)
$10.10bn
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
09-JUN-11
10-JUN-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.662
0.18%
10.46%
10.38%
-4.30
     
09-JUN-11
10-JUN-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
851.42
850.36
-11.08

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.85
13.27
13.52
13.75
Offer
13.35
13.52
13.77
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
85.6
124.82
1.0656
138.88
23.31
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

     
09-JUN-11
10-JUN-11
change
WTI (USD/bbl)    
101.85
98.80
-2.99%
     
Brent (USD/bbl)    
119.80
118.43
-1.14%
     
Arab Light (USD/bbl)    
114.53
112.71
-1.59%

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)
24.54
23.99
2.29%
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.