BasedLine
Date: 21-June-2011
KSE-100 Index
Previous Index 12,361.31
Current Index
12,165.98
Change % -1.58%
YTD (CY11) 1.19%
YTD (FY11) 25.14%
KSE-100 Index
Previous Index 21,084.95
Current Index 20,706.35
Change % -1.80%
YTD (CY11) 10.11%
YTD (FY11) 41.62%
International Indicators
 
Close
%age
BSE-30 17,506.63 -2.04
HANGSENG 21,599.51 -0.44
NIKKEI 225 9,354.32 0.03
FTSE 5,693.39 -0.38
DJIA 12,080.38 0.63
SSEC 2,642.82 -0.80
NASDAQ 2,629.66 0.50
 
Close
%age
TASI 6,377.71 -1.01
KSE(Kuwait) 6,250.50 -0.99
BSE 1,343.27 0.04
MSM 6,007.55 -0.22
ADX 2,757.12 -0.66
DFM 1,572.46 -1.65
QSE 8,217.32 -1.41
Capital Market Overview

Market watch: Bourse nosedives on across-the-board selling

The Karachi bourse witnessed across-the-board selling on Monday, sparked by Engro that fell to its lower limit for the day on uncertainty over gas supply. The Karachi Stock Exchange's (KSE) benchmark 100-share index plummeted 1.58 per cent or 195.34 points to end at 12,165.98 points. more... (ET)

NAVs and Returns
as of June 20, 2011
Funds Offer Redemption
POAIIF
52.6414/-
52.1150/-
YTD Return
8.95%
POIAAF
64.73/-
63.11/-
YTD Return
22.20%
POAAAF
59.21/-
57.73/-
YTD Return
14.89%
POAF
11.20/-
YTD Return
10.40%
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
34.66
2,975
39.29
2.63
1.19%
KSE30
6.71
576
26.20
2.51
-0.51%
KMI30
4.94
424
12.60
1.14
10.11%
KSE All
37.45
3,214
51.09
2.70
1.12%
June 20, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
199.62
111.57
-11.67%
OGDC
17.40
151.97
149.33
-9.82%
UBL
2.00
62.26
42.91
-8.75%
LUCK
1.70
69.65
36.47
-8.10%
June20, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
16.86
(39.08)
(22.22)
Foreign Corporates
2,262.58
(2,088.78)
173.80
Overseas Pakistani
166.33
(82.01)
84.32
Grand Total
2,445.76
(2,209.86)
235.89
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
17-June-11
20-June-11
Change
Gross Buy
395.58
-36.60%
29.57
-26.99%
1.78
2.44
37.08%
Gross Sell
-323.37
-14.16%
-28.76
92.68%
-1.62
-2.21
-36.42%
Net Buy/(Sell)
72.21
-71.37%
0.81
-96.84%
0.16
0.23
43.75%
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

Water availability has dropped 500% since 1947

Indus River System Authority (Irsa) Chairman Rao Irshad Ali Khan has warned that Pakistan is becoming a water-scarce country as since independence per capita water availability has dropped 500 per cent and the situation is worsening day by day. more... (ET)

Shaikh chairs meeting on trade regulatory authority

Federal Minister for Finance, Dr. Abdul Hafeez Shaikh here on Monday chaired a meeting about the proposal for the constitution of a trade regulatory authority. more... (BR)

More focus on development of agro-based industries: ICCI

The government should focus on development of agro-based industries to enhance export of processed food products so that Pakistan is able to reap benefits in the agri sector to its full potential. more... (BR)

Weekly inflation increases by 0.51pc

The Sensitive Price Indicator (SPI), for the week ended on June 16, for the lowest income group up to Rs.3,000 has registered increase of 0.51 per cent over the previous week. more... (BR)

 
Company & Sector Update

Gas shortage: Crisis not to end anytime soon, says Engro

Engro Corporation does not see the gas crisis coming to an end in the near future and has called on the government to prepare a new exploration policy which could encourage extraction of local gas reserves. more... (ET)

Italian company: ENI to construct 400MW power plant

Italian oil and gas exploration company ENI will soon begin construction of a 400-megawatt power plant in Pakistan, according to Board of Investment Chairman Saleem H Mandviwalla. more... (ET)

Low-income people will now enjoy branchless banking service

The State Bank of Pakistan (SBP) has announced that it has revised branchless banking regulations for financial institutions including commercial, Islamic and microfinance banks for expanding the outreach of banking operations in the country. more... (ET)

Fertiliser: Country to import further 50,000 tons

The Trading Corporation of Pakistan (TCP) has awarded a tender for import of a further 50,000 tons of urea, a type of fertiliser, in a swift move to ensure supply of sufficient fertiliser for the current Kharif crop sowing season amid domestic shortages caused mainly by insufficient gas supply. more... (ET)

 
Political

NWA Ulema condemn terrorism, declare suicide attacks ‘Haram'

A meeting of 300 eminent religious scholars and Ulema have unanimously agreed and pronounced condemning all forms of terrorists' activities in North Waziristan Agency and issued stern warning to terrorists about serious consequences. more... (N)

AJK polls: Electioneering to end on June 24

The election campaign for the 41-seat Azad Jammu and Kashmir (AJK) Legislative Assembly would end 32 hours before the beginning of polling, it was officially declared. more... (N)

CJ gives approval for two judges to head inquiry commissions

Chief Justice of Pakistan Iftikhar Muhammad Chaudhry on Monday gave approval over government's requests for nominating two Judges of the Supreme Court, Justice Javed Iqbal, the senior most Judge and Justice Mian Saqib Nisar, to head two separate inquiry commissions to investigate US operation in Abbotabad and murder case of journalist Saleem Shahzad. more... (D)

Current govt has broken all records of corruption: Nawaz

Pakistan Muslim League – Nawaz (PML-N) chief Nawaz Sharif on Monday said that the current government had broken all records of corruption and that the country's national treasury was being looted ruthlessly, DawnNews reported. more... (D)

 
GCC

Clinton raises women's driving ban with Saudis

US Secretary of State Hillary Clinton, a strong advocate of women's rights, has raised Saudi Arabia's ban on women driving with the kingdom's foreign minister, the State Department said on Monday. more... (Gulf News)

No plan to raise foreign ownership limit: UAE Economy Ministry

The UAE has no plans to raise the 49 per cent foreign ownership limit for listed firms, a senior economy ministry official, says Reuters. "The companies law, the new one, will maintain the same percentage in terms of ownership," Mohammed Al Shihhi, undersecretary at the Economy Ministry Economy Ministry. more... (Zawya)

Qatar: GCC urged to join Hague Conference

The Hague Conference Secretary-General yesterday called upon Qatar and other Gulf countries to join the world organisation for cross border cooperation in civil and commercial matters. more... (Zawya)

UAE growth put at 3.2% in 2011

Strong oil prices allied with massive public spending to boost the UAE economy by around 2.7 per cent in 2010 after a contraction in 2009 and growth will pick up to nearly 3.2 per cent in 2011, according to UN forecasts. more... (Zawya)

 

Quote of the Day:

" The problem is the average person isn't tuned in to lifelong learning, or going to seminars and so forth. If the information is not on television, and it's not in the movies they watch, and it's not in the few books that they buy, they don't get it." - Jack Canfield

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
2.50%
GDP -2010
$176 bn
Per Capita Income
$ 1,046
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
17-JUN-11
20-JUN-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.987
0.01%
10.67%
10.67%
-0.20
     
17-JUN-11
20-JUN-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
862.50
872.50
10.00

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.10
13.30
13.54
13.75
Offer
13.60
13.55
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  
13.50
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
85.84
122.37
1.0682
138.71
23.37
1.76
0.39

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.45
13.66
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
2.86
2.73
3.09
5.04
8.19
12.65
13.45
Change bps
0.50
0.50
1.00
2.30
-5.40
-7.60
0.00
0.00

Commodities

     
17-JUN-11
20-JUN-11
change
WTI (USD/bbl)    
92.05
93.56
1.64%
     
Brent (USD/bbl)    
112.01
111.74
-0.24%
     
Arab Light (USD/bbl)    
109.53
108.07
-1.33%

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
42,428.00
42,085.00
0.81%
Rice IRRI -6(Rs/100kg)
3,659.00
3,639.00
0.58%
KCA Cotton (Rs/mound)
8,600.00
8,500.00
1.18%
International
Current
Previous
Change
Coal Spot(USD/ton)
118.60
119.20
-0.50%
Gold Futures (USD/oz)
1,540.70
1,539.45
0.08%
Sugar 11 (USD/lb)
26.21
24.15
8.53%
Steel (USD/ton)
737.33
743.86
-0.88%
Wheat (CBT) (USD/bu)
700.50
700.00
0.07%
PTA (USD/ton)
1,195.00
1,205.00
-0.83%
Copper (USD/ton)
8,998.00
9,087.00
-0.98%

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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.