BasedLine
Date: 14-June-2011
KSE-100 Index
Previous Index 12,377.77
Current Index
12,353.36
Change % -0.20%
YTD (CY11) 2.75%
YTD (FY11) 27.07%
KSE-100 Index
Previous Index 21,159.27
Current Index 21,085.94
Change % -0.35%
YTD (CY11) 12.13%
YTD (FY11) 44.22%
International Indicators
 
Close
%age
BSE-30 18,266.03 -0.01
HANGSENG 22,245.98 -0.78
NIKKEI 225 9,448.21 -0.70
FTSE 5,773.46 0.13
DJIA 11,952.97 0.01
SSEC 2,700.38 -0.17
NASDAQ 2,639.69 -0.15
 
Close
%age
TASI 6,584.58 0.54
KSE(Kuwait) 6,317.60 0.18
BSE 1,346.03 -0.20
MSM 6,056.84 0.39
ADX 2,709.56 0.32
DFM 1,557.60 0.38
QSE 8,285.67 -0.00
Capital Market Overview

Market watch: Stock market falls in dull session amid lack of triggers

The stock market fell on the first trading session of the week amid lack of participation and any positive triggers.The Karachi Stock Exchange's (KSE) benchmark 100-share index fell 0.2 per cent or 24.4 points to end at 12,353.36 points on Monday. more... (ET)

NAVs and Returns
as of June 13, 2011
Funds Offer Redemption
POAIIF
52.5406/-
52.0152/-
YTD Return
8.93%
POIAAF
64.99/-
63.37/-
YTD Return
22.71%
POAAAF
59.66/-
58.17/-
YTD Return
15.76%
POAF
11.18/-
YTD Return
10.41%
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
35.12
3,020
36.28
1.79
2.75%
KSE30
6.85
589
22.02
1.58
1.88%
KMI30
5.02
431
10.36
0.90
12.13%
KSE All
37.97
3265
63.07
1.90
2.72%
June 13, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
203.66
111.31
-9.88%
OGDC
17.01
154.74
145.64
-8.17%
UBL
2.00
63.15
42.81
-7.45%
LUCK
1.70
72.02
36.39
-4.97%
June13, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
13.04
(17.69)
(4.65)
Foreign Corporates
200.38
(551.43)
(351.04)
Overseas Pakistani
89.11
(88.78)
0.32
Grand Total
302.53
(657.90)
(355.37)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
10-June-11
13-June-11
Change
Gross Buy
387.67
-36.13%
21.67
-35.39%
2.95
0.30
-89.83%
Gross Sell
-315.61
-13.44%
-21.00
110.40%
-3.36
-0.66
80.36%
Net Buy/(Sell)
72.07
-70.85%
0.67
-97.16%
-0.41
-0.35
14.63%
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

Meeting tax target: Political pressure termed key hurdle

Nepotism, political pressure and transfer fears are major obstacles that are standing in the way of tax officials in meeting the revenue target, says a key member of the tax department. more... (ET)

FBR surpasses last year's total revenue collections

Federal Board of Revenue (FBR) has surpassed last year's revenue collections of Rs1327.38 billion in the first week of June. A comparison reveals that in fiscal year 2009-10, total collection of Rs1327.38 billion was made by the close of that year. more... (BR)

Weekly inflation goes up by 0.50pc

The Sensitive Price Indicator (SPI) for the week ended on June 9, for the lowest income group up to Rs.3,000, has registered increase of 0.50 per cent over the previous week. more... (BR)

Oil down in Asian trade

Oil prices were down in Asian trade Tuesday on Greece's credit ratings downgrade and a cooling Chinese economy, analysts said. New York's main contract, light sweet crude for July delivery, lost 24 cents to $97.06 a barrel, while Brent North Sea crude for delivery in July dipped 17 cents to $118.93. more... (N)

 
Company & Sector Update

Suzuki profits to ride high on Punjab taxi scheme

Suzuki profits are expected to jump 88 per cent following the Punjab government's taxi scheme, according to KASB Securities. The Punjab government allocated Rs4.5 billion in fiscal 2012 budget to provide 20,000 yellow cabs to youth of the province. more... (ET)

Five-year revival plan: PIA seeks billions of rupees to overcome losses

The Pakistan International Airlines is seeking injection of billions of rupees in taxpayer money mainly to buy 16 new aircraft and overcome losses under a five-year revival plan, as the carrier's losses have crossed Rs96 billion. more... (ET)

Engineering and construction: OGDCL may award gas field contract to Kahuta Labs

The board of directors of Oil and Gas Development Company Limited (OGDCL), which is scheduled to meet today (Tuesday), is likely to accord formal approval to the award of $186 million engineering, procurement and construction contract for Uch-II oil and gas field to state-run Kahuta Research Laboratories (KRL). more... (ET)

Union vs utility: KESC threatens to close down all operations

If the residents of Karachi have had enough, so has the Karachi Electric Supply Company (KESC). It will stop all ongoing operations because the unionists have been preventing outsourced repair teams from doing their work. more... (ET)

 
Political

Rangers killing: DG Rangers, IG Sindh removed following SC order


The chiefs of the Pakistan Rangers Sindh and Sindh police were removed in compliance with the Supreme Court's order on Tuesday. more... (ET)

Suicide hit in Islamabad: Guard loses life, saves bank

After almost a gap of 18 months, the terror of suicide bombings revisited the federal capital when a teenage suicide bomber blew himself up at the entrance of a bank in sector I-8 in Islamabad. more... (ET)

Four Pakistanis among 22 set free by Somali pirates

Four Pakistani and six Indian seamen and 12 other hostages have been released by Somali pirates after payment of $2.1 million ransom. more... (D)

Joint management of water proposed with Afghanistan

The World Bank has offered finances and services as an ‘honest broker' to help Pakistan and Afghanistan in joint water management under a bilateral treaty on the pattern of Pak-India Indus Waters Treaty of 1960. more... (D)

 
GCC

Labor Ministry outlines Saudization percentage

The Labor Ministry has fixed the minimum Saudization level at 49 percent for banks that employ 500 or more people as part of the second phase of the Nitaqat program that will start on Sept. 10. Under Saudization rules, different sectors have different quotas. more... (Zawya)

High oil prices, robust trade to speed up UAE growth

A combination of higher than expected oil prices, a strong performance from the trade sector, and expectations of faster regional growth will help accelerate UAE's overall gross domestic product. more... (Zawya)

UAE outpaces GCC
in remittance growth

Remittances by the UAE-based migrant workers grew 11 per cent in 2010, at a faster pace compared to the 6.1 per cent surge in the amount remitted by expatriates across the GCC. more... (Zawya)

GCC seeks to increase jobs for nationals

The Gulf Cooperation Council is adopting policies to increase job opportunities for the national workforce, making it a constitutional obligation for member states, a statement said. more... (Gulf News)

 

Quote of the Day:

" Many great ideas go unexecuted, and many great executioners are without ideas. One without the other is worthless." - Tim Bixseth

 
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
10-JUN-11
13-JUN-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.373
-0.14%
10.51%
10.55%
3.90
     
10-JUN-11
13-JUN-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
853.81
835.30
-18.51

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.95
13.28
13.54
13.76
Offer
13.45
13.53
13.79
14.26

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
12.50
12.60
13.10
13.30
13.45
13.45
Low  
11.80
12.40
12.90
13.05
13.15
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
85.69
122.99
1.0658
139.22
23.36
1.74
0.39

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.34
13.65
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
1.15
2.96
3.00
3.25
5.17
8.28
12.27
13.45
Change bps
0.00
1.00
2.00
3.00
0.00
4.80
0.00
0.00

Commodities

     
10-JUN-11
13-JUN-11
change
WTI (USD/bbl)    
98.80
97.18
-1.64%
     
Brent (USD/bbl)    
118.43
119.28
0.72%
     
Arab Light (USD/bbl)    
112.71
113.47
0.67%

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
42,257.00
42,428.00
-0.40%
Rice IRRI -6(Rs/100kg)
3,628.00
3,632.00
-0.11%
KCA Cotton (Rs/mound)
8,500.00
9,000.00
-5.56%
International
Current
Previous
Change
Coal Spot(USD/ton)
119.20
118.65
0.46%
Gold Futures (USD/oz)
1,520.80
1,531.65
-0.71%
Sugar 11 (USD/lb)
24.38
24.54
-0.65%
Steel (USD/ton)
748.00
749.73
-0.23%
Wheat (CBT) (USD/bu)
700.00
773.75
-9.53%
PTA (USD/ton)
1,205.00
1,210.00
-0.82%
Copper (USD/ton)
8,896.25
8,923.50
-0.31%

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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.