BasedLine
Date: 17-June-2011
KSE-100 Index
Previous Index 12,317.15
Current Index
12,369.12
Change % 0.42%
YTD (CY11) 2.88%
YTD (FY11) 27.23%
KSE-100 Index
Previous Index 21,010.28
Current Index 21,138.96
Change % 0.61%
YTD (CY11) 12.41%
YTD (FY11) 44.58%
International Indicators
 
Close
%age
BSE-30 17,985.88 -0.81
HANGSENG 21,953.10 -1.80
NIKKEI 225 9,411.28 1.70
FTSE 5,698.81 -0.80
DJIA 11,961.52 0.54
SSEC 2,664.28 -1.52
NASDAQ 2,623.70 -0.29
 
Close
%age
TASI 6,546.06 -0.34
KSE(Kuwait) 6,336.90 -0.14
BSE 1,345.21 -0.06
MSM 6,021.12 -0.51
ADX 2,761.48 0.65
DFM 1,600.98 -0.04
QSE 8,319.65 -0.79
Capital Market Overview

Market watch: Pakistan Petroleum lifts stock market

Pakistan Petroleum came to the rescue and broke the stock market's three-day downward trend on Thursday following news of the company's board calling an unscheduled meeting. The Karachi Stock Exchange's (KSE) benchmark 100-share index rose 0.42 per cent or 51.97 points to end at 12,369.12 point level. more... (ET)

NAVs and Returns
as of June 16, 2011
Funds Offer Redemption
POAIIF
52.5835/-
52.0577/-
YTD Return
8.94%
POIAAF
65.11/-
63.48/-
YTD Return
22.92%
POAAAF
59.76/-
58.27/-
YTD Return
15.96%
POAF
11.19/-
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
35.17
3,024
26.53
1.72
2.88%
KSE30
6.87
590
18.33
2.11
2.05%
KMI30
5.03
432
14.15
1.65
12.41%
KSE All
38.00
3,268
45.98
2.33
2.81%
June 16, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
205.11
111.61
-9.24%
OGDC
17.10
156.00
146.80
-7.42%
UBL
2.00
63.54
42.93
-6.87%
LUCK
1.70
71.47
36.49
-5.70%
June16, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
4.62
(90.28)
(85.65)
Foreign Corporates
2,147.47
(2,268.99)
(121.53)
Overseas Pakistani
165.91
(169.18)
(3.27)
Grand Total
2,318.00
(2,528.45)
(210.45)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
15-June-11
16-June-11
Change
Gross Buy
391.35
-36.14%
25.35
-28.81%
0.85
2.32
172.94%
Gross Sell
-319.54
-13.83%
-24.94
139.57%
-0.79
-2.53
-220.25%
Net Buy/(Sell)
71.81
-70.92%
0.41
-98.36%
-0.02
-0.21
-950.00%
S.C.R.A
Country
During the Year July 10 to Date
15-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
56.31
0.10
-
38.57
-
-
17.85
0.17
0.10
0.08
Luxembourg
70.25
-
-
67.32
-
-
3.05
-
0.37
-0.37
Switzerland
39.70
1.30
-
15.58
-
-
25.39
0.22
-
0.22
UAE
5.96
0.19
-
7.52
-
-
0.66
-
-
-
UK
147.09
192.14
-
135.18
202.63
2.85
-4.45
-
0.05
-0.05
USA
429.72
-
36.10
251.60
-
23.50
190.90
0.16
2.41
-2.24
Total
784.17
193.73
48.57
543.23
202.63
30.33
247.27
0.58
2.93
-2.35
News Clippings
Economy

Foreign exchange reserves rise to $17.5b

Foreign exchange reserves of the country have increased by $353 million to $17.52 billion in the week ended on June 11 compared with the previous week, when reserves stood at $17.16 billion, data released by the State Bank of Pakistan shows. more... (ET)

Change of hands: First privatisation deal in three years expected by Sept

Three private sector parties, including a franchise of a foreign company, have shown interest in purchase of majority shares of Heavy Electrical Complex (HEC), raising hopes for the first privatisation transaction in almost three years. more... (ET)

Pakistan keen to strengthen ties with Bahrain: PM

Prime Minister Syed Yousuf Raza Gilani on Thursday said Pakistan values its brotherly relations with Bahrain and desired to further strengthen cooperation in all spheres. more... (BR)

Indus River bridge: PM approves additional funds for construction

Prime Minister Syed Yousaf Raza Gilani on Thursday approved additional funds of Rs one billion for the construction of the Khushal Garh Bridge over the Indus River. more... (ET)

 
Company & Sector Update

ECC to decide on award of Uch-II project

Prime Minister Yousaf Raza Gilani has tasked the Ministry of Petroleum and Natural Resources with seeking approval of the Economic Coordination Committee (ECC) for award of a $186 million engineering, procurement and construction contract for Uch-II gas field to state-run Kahuta Research Laboratories (KRL). more... (ET)

Fertiliser sector: Gas shortage may fall 10% in two years

The fertiliser sector will find some relief as the existing gas shortage of 25 per cent is expected to fall to 15 per cent in two years, once additional gas supply of 400 to 450 million cubic feet per day (mmcfd) becomes operational, according to Topline Securities. more... (ET)

Nokia to take over dual SIM market in Pakistan

Nokia Thursday unveiled the first two of its Dual SIM phones - Nokia X1-01 and Nokia C2-00 in Pakistan . Nokia hopes that its Dual SIM range with competitive features would help the company maintain its leadership position in emerging markets like Pakistan. more... (BR)

Tomato, onion prices soar in retail market

Victims of loadshedding and petrol shortage, the Karachiites are now facing price hike of vegetables, Geo news reported.The price of tomato has been raised from Rs.8-10 to Rs.20-25 per kilogram in the wholesale market while its retail price is raised to Rs45-50/kg. more... (N)

 
Political

Provision of basic facilities to people tops development agenda: PM

Prime Minister Syed Yusuf Raza Gilani on Tuesday said that the provision of basic facilities to the people at their doorsteps was at the top of government's development agenda for the coming fiscal year. more... (BR)

Sindh CM chairs meeting about housing society scheme for MPAs

Chief Minister Sindh Syed Qaim Ali Shah presided over a high level meeting regarding housing society scheme for members of Sindh Provincial Assembly (MPAs), held at CM House here on Thursday. . more... (BR)

Pak, US forms joint counterterrorism task force

Pakistan and the United States of America (US) have formed a ‘joint counterterrorism task force' to oversee operations against terrorism, Washington Post reported. more... (N)

Rozgar Scheme lacks selection criteria

The Punjab Rozgar Scheme for the youth, which includes provision of yellow cabs and loans on easy terms, looks like an attempt to woo voters before the next general elections, say critics. more... (D)

 
GCC

Earthquakes pose no imminent threat to UAE, experts say

The major earthquakes occurring not far from the UAE, in Iran, have often raised questions as to whether it is only a matter of time until the country suffers a similar occurrence. more... (Gulf News)

Gulf business confidence improves

Dubai Despite the political turmoil across the region, business confidence across the Middle East improved in the second quarter, according to a survey of the regional business community by HSBC Plc. more... (Zawya)

Kadhafi in talks with Libya's rebels: envoy

Moamer Kadhafi's regime is in direct talks with Libya's rebels, a Russian envoy indicated Thursday, as the strongman's son said the way out of a months-long conflict is the staging of elections. more... (Zawya)

Qatar is richest nation on earth

Qatar became the wealthiest nation on earth in 2010 after it steadily pushed up its way on the global rich list, aided by its massive gas wealth. The small European state of Luxembourg was the second richest while Kuwait and the UAE followed Qatar as the wealthiest countries in the Arab region. more... (Zawya)

 

Quote of the Day:

" Keeping taxes low and restraining spending leads to a vibrant economy; it leads to new jobs; it leads to better opportunities; and it leads to a shrinking deficit." - George Bush

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
2.50%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
176.30mn
US$ Reserves (June 11, 2011)
$17.52bn
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
15-JUN-11
16-JUN-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.066
-0.03%
10.64%
10.64%
0.80
     
15-JUN-11
16-JUN-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
824.38
824.89
18.52

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.06
13.29
13.52
13.74
Offer
13.56
13.54
13.77
14.24

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.90
13.20
13.35
13.30
13.45
13.45
Low  
12.50
12.90
13.10
13.05
13.15
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
85.87
122.88
1.0642
139.90
23.37
1.75
0.40

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.42
13.69
13.85
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
0.97
2.81
2.70
3.05
5.06
8.30
12.64
13.45
Change bps
-3.80
-3.80
-3.70
-6.10
-13.40
-10.20
4.20
0.00

Commodities

     
15-JUN-11
16-JUN-11
change
WTI (USD/bbl)    
95.50
94.80
-0.70%
     
Brent (USD/bbl)    
114.00
113.58
-0.37%
     
Arab Light (USD/bbl)    
109.12
109.74
0.57%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
94.11
97.31
-3.29%
Furnace Oil (Rs/ton)
71,345.43
68,540.94
4.09%
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
42,257.00
42,085.00
0.41%
Rice IRRI -6(Rs/100kg)
3,639.00
3,600.00
1.08%
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)
1,529.80
1,530.88
-0.07%
Sugar 11 (USD/lb)
24.93
24.15
3.23%
Steel (USD/ton)
745.83
747.00
-0.16%
Wheat (CBT) (USD/bu)
700.50
700.00
0.07%
PTA (USD/ton)
1,205.00
1,215.00
-0.82%
Copper (USD/ton)
9,056.75
9,142.75
-0.94%

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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.