BasedLine
Date: 20-June-2011
KSE-100 Index
Previous Index 12,369.12
Current Index
12,361.31
Change % -0.06%
YTD (CY11) 2.82%
YTD (FY11) 27.15%
KSE-100 Index
Previous Index 21,138.96
Current Index 21,084.956
Change % -0.26%
YTD (CY11) 12.13%
YTD (FY11) 44.21%
International Indicators
 
Close
%age
BSE-30 17,870.53 -0.64
HANGSENG 21,695.26 -1.17
NIKKEI 225 9,351.40 -0.64
FTSE 5,714.90 0.28
DJIA 12,004.36 0.36
SSEC 2,642.82 -0.80
NASDAQ 2,616.48 -0.27
 
Close
%age
TASI 6,442.70 -0.90
KSE(Kuwait) 6,313.30 -0.37
BSE 1,342.76 -0.18
MSM 6,020.67 -0.01
ADX 2,775.44 0.51
DFM 1,598.79 -0.14
QSE 8,334.67 0.18
Capital Market Overview

Weekly review: KSE index closes flat amidst plummeting volumes

Lack of triggers resulted in a sharp decline in activity at the country's bourses as the benchmark KSE-100 index closed flat during the week ended June 17. The index dropped slightly by 0.1 per cent (16 points), while volumes plummeted 53 per cent. more... (ET)

NAVs and Returns
as of June 17, 2011
Funds Offer Redemption
POAIIF
52.5980/-
52.0720/-
YTD Return
8.94%
POIAAF
65.07/-
63.44/-
YTD Return
22.84%
POAAAF
59.67/-
58.18/-
YTD Return
15.78%
POAF
11.19/-
YTD Return
10.42%
Funds Rating
AMC
AM3
POAIIF
A+ (f)
POAF
AA-
  May-11 Apr-11
MoM(%)
AUM's (PKR bn) 220.07 208.80 5.40%
No of AMCs 28 28 -
No of Funds 118 112 5.36%
KSE Market Data
KSE Market Data
Capitalization
Volume
Traded Val.
KSE Return
 
(USD bn)
(Rs. bn)
(Sh. mn)
(Rs.bn)
(YTD)
KSE100
35.14
3,022
28.83
2.01
2.82%
KSE30
6.83
588
20.00
1.89
1.56%
KMI30
5.02
431
13.01
1.41
12.13%
KSE All
37.98
3,266
47.68
2.11
2.74%
June 17, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
203.35
111.59
-10.02%
OGDC
17.40
155.96
149.36
-7.45%
UBL
2.00
62.98
42.92
-7.69%
LUCK
1.70
71.03
36.48
-6.28%
June17, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
18.94
(57.37)
(38.43)
Foreign Corporates
1,662.19
(1,512.29)
149.90
Overseas Pakistani
97.09
(47.95)
49.15
Grand Total
1,778.23
(1,617.61)
160.61
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
16-June-11
17-June-11
Change
Gross Buy
393.13
-36.99%
27.13
-31.87%
2.32
1.78
-23.27%
Gross Sell
-321.16
-14.74%
-26.55
120.72%
-2.53
-1.62
35.97%
Net Buy/(Sell)
71.97
-71.46%
0.57
-97.94%
-0.21
0.16
-176.19%
S.C.R.A
Country
During the Year July 10 to Date
17-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
56.35
0.10
-
38.57
-
-
17.89
0.004
-
0.004
Luxembourg
70.40
-
-
67.59
-
-
2,93
0.14
0.13
0.01
Switzerland
39.70
1.30
-
15.58
-
-
25.39
-
-
-
UAE
5.96
0.19
-
7.52
-
-
0.66
-
-
-
UK
147.37
192.14
-
135.52
202.63
2.85
-4.51
0.28
0.29
-0.01
USA
430.47
-
36.10
253.14
-
23.50
190.10
0.41
0.13
0.28
Total
785.41
193.73
48.57
545.69
202.63
30.33
246.04
0.5858
0.55
0.30
News Clippings
Economy

Pak-China Development Programme on Trade to be launched in 2012

The next five-year (2012-1216) Pak-China Development Programme on Trade and Economic Cooperation (FYDP) will be launched next year. more... (BR)

July-May current account surplus at $205mn

Pakistan's current account surplus for the July-May period was a provisional $205 million, compared with a deficit of $3.402 billion in the same period last year, the central bank said on Friday. more... (BR)

Exports likely to hit $25b

The Trade Development Authority of Pakistan (Tdap) has expressed hope that the country's exports will reach $25 billion compared to the target of $20 billion by the end of the current financial year this month. more... (ET)

Oil down in Asian trade

Oil was lower in Asian trade Monday on continuing fears over Greece's debt crisis and concerns over the US economy, analysts said. New York's main contract, West Texas Intermediate (WTI) light sweet crude for July delivery, fell 69 cents to $92.32 a barrel. more... (N)

 
Company & Sector Update

Pepco gave 2mn new power connections in 2 years

As many as 201,000 new power connections has been given to consumers of all categories- agri, commercial, industrial and domestic during last two years. more... (BR)

Thar-Coal project to produce cheap electricity: Dr Samar

Renowned scientist Dr Samar Mumbarkmand on Saturday said the country had third biggest coal reserves which could be utilized for producing cheap electricity. more... (BR)

Stagnant growth: Energy shortage stunts growth in large scale manufacturing

The circular debt and energy crisis keep pulling back growth in the large scale manufacturing sector that grew 1.7 per cent from July through April – a stagnant number for the second consecutive month. more... (ET)

Competition in Pakistan's aviation market to grow

Nasair, a low-cost airline of Saudi Arabia, has launched operations to Pakistan in a bid to tap the lucrative aviation market from where hundreds of thousands of passengers travel to Saudi Arabia for pilgrimage and employment purposes every year. more... (ET)

 
Political

PM to give 2-year vision to nation for economical, political stability

Prime Minister Syed Yousaf Raza Gillani has pledged that he will soon give a two-year long vision to the nation for the economical and political stability in the country. more... (BR)

General Kayani seeks to repair dented army pride

Chief of Army Staff General Ashfaq Parvez Kayani is working to repair Pakistan Army's wounded pride in the bitter aftermath of the raid that killed Osama bin Laden. more... (ET)

Gilani urged to immediately release Rs11bn for power crisis

With people having to brave an average of 10 hours of loadshedding daily, the ministry of water and power has requested Prime Minister Yousuf Raza Gilani to release Rs11 billion urgently to bring the power crisis under manageable levels and avoid international embarrassment. more... (D)

Pakistan suffered $67.93bn losses due to operation against militants

Pakistan's economy has suffered direct and indirect losses of upto $ 67.93 billion due its role as a frontline state in operations against terrorists, miscreants and militants since 2001 besides causing damage to its social fabric. more... (D)

 
GCC

UAE raises undeclared cash import limit

Travellers leaving the UAE will have to declare large sums of money from September as part of a crackdown to combat money laundering, Central Bank officials said on Sunday. more... (Gulf News)

Cabinet formation could shift focus to pressing economic issues

The Cabinet's birth could stop the deterioration in economic performance in the second half of 2011, Merrill Lynch said in its latest study about Lebanon but expressed caution over the near-term, as reported by Lebanon This Week, the economic publication of the Byblos Bank Group. more... (Zawya)

EU rejects Algeria proposal to delay free-trade zone: report

The European Union rejected Algeria's proposal to delay the introduction of a free-trade accord, Commerce Minister Mustapha Benbada said Sunday. more... (Zawya)

Dubai landlords under pressure as developers dole out freebies

As the rental and capital values in most areas of Dubai continue to be under pressure, a select number of developers are offering incentives and freebies to attract more tenants. more... (Zawya)

 

Quote of the Day:

" Financial education needs to become a part of our national curriculum and scoring systems so that it's not just the rich kids that learn about money.. it's all of us." - David Bach

 
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-May 11)
$205mn
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
16-JUN-11
17-JUN-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.975
-0.10%
10.64%
10.67%
2.90
     
16-JUN-11
17-JUN-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
824.89
862.50
19.61

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.07
13.29
13.54
13.75
Offer
13.57
13.54
13.79
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
13.35
13.30
13.45
13.45
Low  
12.75
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
85.86
121.06
1.0634
138.35
23.37
1.76
0.40

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.45
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
2.85
2.72
3.06
5.10
8.27
12.65
13.45
Change bps
-0.50
4.40
1.90
1.80
3.80
-2.70
1.50
0.00

Commodities

     
16-JUN-11
17-JUN-11
change
WTI (USD/bbl)    
94.80
92.05
-2.90%
     
Brent (USD/bbl)    
113.58
112.01
-1.38%
     
Arab Light (USD/bbl)    
109.74
109.53
-0.19%

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)
3,638.00
3,639.00
-0.03%
KCA Cotton (Rs/mound)
8,600.00
8,500.00
1.18%
International
Current
Previous
Change
Coal Spot(USD/ton)
119.20
118.65
0.46%
Gold Futures (USD/oz)
1,539.45
1,529.80
0.63%
Sugar 11 (USD/lb)
25.38
24.15
0.91%
Steel (USD/ton)
743.86
745.83
-0.26%
Wheat (CBT) (USD/bu)
700.50
700.00
0.07%
PTA (USD/ton)
1,205.00
1,215.00
-0.82%
Copper (USD/ton)
9,087.00
9,056.75
0.33%

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.