BasedLine
Date: 16-June-2011
KSE-100 Index
Previous Index 12,337.94
Current Index
12,317.15
Change % -0.17%
YTD (CY11) 2.45%
YTD (FY11) 26.69%
KSE-100 Index
Previous Index 21,054.63
Current Index 21,010.28
Change % -0.21%
YTD (CY11) 11.73%
YTD (FY11) 43.70%
International Indicators
 
Close
%age
BSE-30 18,132.24 -0.96
HANGSENG 22,343.80 -0.68
NIKKEI 225 9,574.32 0.28
FTSE 5,742.55 -1.04
DJIA 11,897.30 -1.48
SSEC 2,730.04 1.10
NASDAQ 2,631.46 -1.76
 
Close
%age
TASI 6,546.06 -0.34
KSE(Kuwait) 6,346.00 0.25
BSE 1,346.01 -0.36
MSM 6,051.81 -0.16
ADX 2,743.64 1.18
DFM 1,601.55 2.15
QSE 8,386.30 0.90
Capital Market Overview

Market watch: Stock market falls in dull session

The stock market continued its dull phase on Wednesday as volumes remained depleted while a major chunk of activity was confined to second tier stocks. The Karachi Stock Exchange's (KSE) benchmark 100-share index fell 0.17 per cent or 20.79 points to end at 12,317.15 point level. more... (ET)

NAVs and Returns
as of June 15, 2011
Funds Offer Redemption
POAIIF
52.5693/-
52.0436/-
YTD Return
8.94%
POIAAF
64.93/-
63.31/-
YTD Return
22.59%
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
35.02
3,011
32.99
1.72
2.45%
KSE30
6.84
588
16.37
1.53
1.64%
KMI30
5.00
430
12.92
1.29
11.73%
KSE All
37.86
3256
54.81
1.81
2.44%
June 15, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
203.93
111.61
-9.77%
OGDC
17.20
154.91
147.66
-8.07%
UBL
2.00
63.35
42.93
-7.15%
LUCK
1.70
70.89
36.49
-6.47%
June15, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
6.88
(33.99)
(27.11)
Foreign Corporates
724.19
(672.80)
51.39
Overseas Pakistani
121.95
(170.01)
(48.06)
Grand Total
853.02
(786.81)
(23.79)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
14-June-11
15-June-11
Change
Gross Buy
389.03
-36.33%
23.03
-31.34%
0.51
0.85
66.67%
Gross Sell
-317.01
-14.27%
-22.41
124.47%
-0.53
-0.79
-49.06%
Net Buy/(Sell)
72.02
-70.74%
0.62
-97.35%
-0.02
-0.02
0.00%
S.C.R.A
Country
During the Year July 10 to Date
14-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
-
38.47
-
-
17.77
0.001
0.12
-0.12
Luxembourg
70.25
-
-
66.95
-
-
3.43
-
0.28
-0.28
Switzerland
39.48
1.30
-
15.58
-
-
25.16
0.03
-
0.03
UAE
5.96
0.19
-
7.52
-
-
0.66
-
-
-
UK
147.09
192.14
-
135.13
202.63
2.85
-4.40
-
0.32
-0.32
USA
429.56
-
36.10
249.19
-
23.50
193.14
0.12
0.30
-0.18
Total
783.59
193.73
48.57
540.30
202.63
30.33
249.62
0.18
3.05
-2.87
News Clippings
Economy

FPCCI to explore trade opportunities

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has decided to take a 100-member delegation comprising leading industrialists and traders to Uzbekistan to boost trade and investment ties between the two countries. more... (ET)

Zardari, Emomali Rahmon agree to expand economic ties

President Asif Ali Zardari and Tajik President Emomali Rahmon on Wednesday agreed to expand economic ties by expediting work on the current development projects jointly undertaken by the two countries. more... (BR)

Euro flat amid Greek debt contagion fears

The euro was flat against the dollar in Asian trading Thursday, after tumbling on fears over contagion from Greece's deepening debt woes, dealers said. The single currency plunged Wednesday after eurozone finance ministers failed to bridge their differences over a second debt bailout plan for Greece, against a backdrop of violent anti-government protests. more... (N)

SMEDA pledges to continue pro-active role for development

Chief Executive Officer of the Small and Medium Enterprises Development Authority (SMEDA) Yousaf Naseem Khokhar, has pledged to continue pro-active role of his organization in strengthening collaboration with International agencies for development of Pakistan 's SMEs. more... (BR)

 
Company & Sector Update

Best days of consumer banking behind us: Bank Alfalah

Bank Alfalah, the bank that was at the forefront of the massive expansion of consumer lending in Pakistan in the 2000s, has effectively sidelined the product, with top leaders describing it as not being part of mainstream banking in Pakistan anymore. more... (ET)

Uzbekistan offers help in alternative energy

Uzbekistan Ambassador to Pakistan Oybek Arif Usmanov has offered Pakistan assistance in generating alternative energy and expressed keen interest in investing in banking, construction and infrastructure sectors. more... (ET)

Gender representation: FWBL initiates training courses for women

First Women Bank Limited (FWBL) President Shafqat Sultana on Wednesday said that the institution will continue to strive for economic empowerment of women by employing all available resources to enhance their capacity. more... (ET)

Byco Oil to set up Pakistan's first aromatic plant

Byco Oil Pakistan Ltd BOPL, which currently operates a refinery of 35,000 barrels/ day, is setting up the first ever aromatics plant in the country, to produce petrochemicals like benzene, paraxylene and isomer-grade mixed xylene. more... (BR)

 
Political

PPP, MQM, ANP delegations meet in Governor House

PPP, MQM and ANP in a meeting of Coordination Committee has decided to pay compensation to the family members of victims affected in target killing incidents. more... (N)

Demand of protesting journalists accepted

Government has accepted the demand of journalists and appointed a sitting judge of the Supreme Court Justice Saqib Nisar to head the commission for the investigation of the murder of journalist Saleem Shehzad. more... (N)

Informants' arrest: Cleansing process in progress, says ISPR

The Army on Wednesday confirmed media reports that it had made several detentions in connection with the US raid killing Osama bin Laden and other unspecified incidents under ‘a purge', but denied holding any military officer. more... (D)

SC judge to head judicial probe on Saleem Shahzad's murder

The government announced on Thursday the formation of a judicial commission headed by a Supreme Court judge to investigate the murder of journalist Syed Saleem Shahzad, DawnNews reported. more... (D)

 
GCC

GCC condemns Iran's interference in affairs of its member states

GCC foreign ministers renewed their condemnation of Iran's "flagrant" intervention in the internal affairs of the member states. In the final communiqué after their meeting in Jeddah on Tuesday, the ministers said Tehran's interference in their affairs comes "through conspiring against their national security, sowing seeds of sectarian discords among these states' citizens." more... (Gulf News)

Saudi GDP to rise 6.1% in 2011

Strong oil prices will ally with higher crude output and a sharp rise in public expenditure to boost Saudi Arabia's economy by nearly 6.1 per cent in 2011 while a budgeted deficit will turn into a large surplus. more... (Zawya)

UAE ranked 33rd peaceful country, US 82nd

Despite regional unrest, the UAE saw its ranking improving substantially in the Global Peace Index (GPI) in 2011 released on Wednesday. The UAE was rated 33rd peaceful country as compared to 44th last year, ahead of many of the world's major developed countries, Institute for Economics and Peace's (IEP) GPI figures showed. more... (Zawya)

Higher oil output to sharply boost Saudi finances

An expected increase in Saudi Arabia's oil production to offset Libya's crude disruption following the failure of OPEC to reach agreement on raising quotas would sharply boost the Gulf Kingdom's revenue and allow it to record massive surpluses. more... (Zawya)

 

 

 

Quote of the Day:

"I'm a firm believer that to really understand a business takes years, not months. As an investment analyst you think you understand a business from the outside, but the reality is that, once you are inside, you can go on learning for five or ten years." - Chris Corrigan

 
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
14-JUN-11
15-JUN-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.088
-0.01%
10.63%
10.64%
0.80
     
14-JUN-11
15-JUN-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
823.81
824.38
0.57

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.01
13.29
13.53
13.75
Offer
13.51
13.54
13.78
14.25

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  
11.10
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
85.70
123.47
1.0659
140.26
23.33
1.74
0.39

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.34
13.65
13.81
Last Cut Off.
13.49
13.74
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
1.01
2.84
2.74
3.11
5.19
8.40
12.59
13.45
Change bps
1.50
-6.30
-12.90
-6.00
2.20
6.70
1.50
0.00

Commodities

     
14-JUN-11
15-JUN-11
change
WTI (USD/bbl)    
98.92
95.50
-3.46%
     
Brent (USD/bbl)    
120.80
114.00
-5.63%
     
Arab Light (USD/bbl)    
114.10
109.12
-4.36%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
94.11
97.31
-3.29%
Furnace Oil (Rs/ton)
68,540.94
69,658.29
-1.60%
Cement (Rs. Bag Avg)
402.25
402.75
-0.12%
Urea Fertilizer (Rs/bag)
1,408.75
1,386.25
1.62%
Gold 24cr (Rs./10gm) Khi
42,085.00
42,214.00
-0.31%
Rice IRRI -6(Rs/100kg)
3,600.00
3,626.00
-0.72%
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)
1,530.88
1,523.78
0.47%
Sugar 11 (USD/lb)
24.15
24.23
-0.33%
Steel (USD/ton)
747.00
747.29
-0.04%
Wheat (CBT) (USD/bu)
700.50
700.00
0.07%
PTA (USD/ton)
1,205.00
1,215.00
-0.82%
Copper (USD/ton)
9,142.75
9,157.25
-0.16%

Kindly Click here for PDF Version

(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.