BasedLine
Date: 22-June-2011
KSE-100 Index
Previous Index 12,165.98
Current Index
12,326.14
Change % 1.32%
YTD (CY11) 2.53%
YTD (FY11) 26.79%
KSE-100 Index
Previous Index 20,706.35
Current Index 21,016.40
Change % 1.50%
YTD (CY11) 11.76%
YTD (FY11) 43.74%
International Indicators
 
Close
%age
BSE-30 17,560.30 0.31
HANGSENG 21,668.20 0.30
NIKKEI 225 9,459.66 1.10
FTSE 5,775.31 1.44
DJIA 12,190.01 0.91
SSEC 2,621.25 -0.82
NASDAQ 2,687.26 2.19
 
Close
%age
TASI 6,462.41 1.33
KSE(Kuwait) 6,276.00 0.41
BSE 1,340.45 -0.21
MSM 6,002.74 -0.08
ADX 2,731.84 -0.92
DFM 1,578.45 0.38
QSE 8,214.63 -0.03
Capital Market Overview

Market watch: Bourse recovers from preceding day's slump

Equities rebounded sharply on Tuesday from the preceding day's steep fall led by the oil and consumer goods sectors. The Karachi Stock Exchange's (KSE) benchmark 100-share index surged 1.32 per cent or 160.16 points to end at 12,326.14 point level against fall of 195 points on Monday. more... (ET)

NAVs and Returns
as of June 21, 2011
Funds Offer Redemption
POAIIF
52.6562/-
52.1296/-
YTD Return
8.96%
POIAAF
64.93/-
63.31/-
YTD Return
22.59%
POAAAF
59.42/-
57.93/-
YTD Return
15.36%
POAF
11.20/-
YTD Return
10.41%
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
35.04
3,014
45.46
3.54
2.53%
KSE30
6.78
583
29.63
3.34
0.81%
KMI30
5.00
430
15.70
2.00
11.76%
KSE All
37.85
3,255
68.17
3.66
2.40%
June 21, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
202.44
111.41
-10.42%
OGDC
17.40
153.99
149.12
-8.62%
UBL
2.00
62.37
42.85
-8.59%
LUCK
1.70
70.09
36.42
-7.52%
June21, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
7.55
(92.13)
(84.57)
Foreign Corporates
2,449.64
(3,848.81)
(1,399.17)
Overseas Pakistani
227.91
(174.07)
53.84
Grand Total
2,685.10
(4,115.00)
(1,429.90)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
20-June-11
21-June-11
Change
Gross Buy
398.26
-36.56%
32.26
-20.37%
2.44
2.68
9.84%
Gross Sell
-327.48
-13.19%
-32.88
120.24%
-2.21
-4.11
-85.97%
Net Buy/(Sell)
70.78
-72.30%
-0.62
-102.43%
0.23
-1.43
-721.74%
S.C.R.A
Country
During the Year July 10 to Date
20-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
56.36
0.10
-
38.57
-
-
17.90
0.01
-
0.01
Luxembourg
70.40
-
-
67.82
-
-
2.70
-
0.23
-0.23
Switzerland
39.70
1.30
-
15.58
-
-
25.39
-
-
-
UAE
5.96
0.19
-
7.52
-
-
0.66
-
-
-
UK
147.55
192.14
-
135.77
202.63
2.85
-4.58
0.18
0.25
-0.07
USA
431.96
-
36.10
254.01
-
23.50
190.72
1.49
0.87
0.62
Total
787.10
193.73
48.57
547.14
202.63
30.33
246.28
1.69
1.45
0.24
News Clippings
Economy

Major concession : Excise duty abolished, sales tax reduced for importers

The government on Tuesday provided a major concession to importers as it abolished 2.5 per cent special excise duty and reduced sales tax to 16 per cent with immediate effect, which will cause a loss of Rs13 billion to the national kitty. more... (ET)

Balochistan announces Rs164bn tax-free budget

Nawab Aslam Raisani led coalition government on Tuesday unveiled Rs164.447 billion tax free budget for fiscal year 2011-12 including Rs31.241 billion of annual development program and foreign assistance program of Rs2.225 billion with a deficit of Rs6.731 billion. more... (BR)

Euro eases on profit-taking after Greece vote

The euro eased in Asia on Wednesday as investors moved to reap profits from the currency's overnight gains, after the Greek government survived a crucial vote of confidence, dealers said. more... (N)

Services sector exports up by 24.6pc

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

Sovereign guarantees: Power producers withdraw notices

Four independent power producers (IPPs), which invoked sovereign guarantees last week for the release of outstanding dues, have withdrawn their notices in the wake of assurances given by the government that Rs8 billion will be released before the end of June. more... (ET)

Price hike: Fertiliser prices skyrocket

Almost all types of fertilisers are being sold at exorbitant prices, because the sowing season of Kharif crops, especially paddy and sugarcane, is just around the corner, according to farmers. more... (ET)

SBP extends limits under EFS, IERS & LTFF Scheme

The State Bank of Pakistan (SBP) has extended the limits sanctioned by banks to individual exporters under Part-II of the Export Finance Scheme (EFS) /Islamic Export Refinance Scheme (IERS) for the year 2010-11 up to August 31, 2011. more... (ET)

LPG price increased by Rs5 per kg

The domestic cylinder will cost Rs. 59 more as Liquefied Petroleum Gas (LPG) price has been increased by Rs. 5 per kg. According to a private television channel, the LPG Dealers Association has announced that the price of LPG has officially reached to Rs. 100 per kg in Lahore , Gujranwala and Sialkot. more... (BR)

 
Political

President vows to defend democracy, institution-building

President Asif Ali Zardari vowed to stoutly defend the democracy and institution building so that democracy could take roots in the country. more... (BR)

Brigadier detained over links with militants

Pakistan on Tuesday announced the arrest of an army brigadier accused of having contacts with a banned militant group. The information was released seven weeks after US Navy SEALs found and killed Osama bin Laden in the military town of Abbottabad , reviving disturbing questions about ignorance or complicity within Pakistan 's powerful military. more... (BR)

Water disputes may derail Pak-India peace process: Wikileaks

Lingering water disputes between the two South Asian neighbours may derail the ongoing peace process or even to lead to war, Wikileaks cables revealed. more... (N)

NAB could become non-functional: SC

The Supreme Court on Tuesday ordered the federal government to fill the vacant posts of chairman and prosecutor general of National Accountability Bureau (NAB) within one month, or else the bureau could “practically cease to exist”. more... (ET)

 
GCC

Emirates signs GE for $120mn engine repair facility

Emirates, Dubai's flagship carrier, said it has signed a letter of intent with General Electric to oversee design and construction of an estimated $120 million engine repair facility in the emirate. more... (BR)

UAE must wait another six months for emerging market status verdict

The UAE has to wait another six months before finding out whether it is eligible for an upgrade to emerging market status, index compiler MSCI announced in its latest classification review early on Wednesday morning. more... (Gulf News)

US tightens Libya sanctions, targets foreign banks

The US government tightened sanctions against three Libya-controlled banks in Turkey, Tunisia and Lebanon on Tuesday, ratcheting up the pressure on leader Moamer Kadhafi's support. more... (Zawya)

Dubai business thriving

Dubai's core business is doing very well and there is double-digit growth in some sectors in the first half of the year, the government's top officials said on Tuesday. more... (Zawya)

 

Quote of the Day:

" We are the creative force of our life, and through our own decisions rather than our conditions, if we carefully learn to do certain things, we can accomplish those goals." - Stephen Covey

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
2.50%
GDP -2010
$176 bn
Per Capita Income
$ 1,046
Population
176.30mn
US$ Reserves (June 20, 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
20-JUN-11
21-JUN-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.05
0.07%
10.67%
10.65%
-1.70
     
20-JUN-11
21-JUN-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
872.50
850.57
-21.93

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.09
13.30
13.53
13.74
Offer
13.59
13.55
13.78
14.24

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.75
13.20
13.45
13.40
13.45
13.45
Low  
12.50
12.90
13.20
13.10
13.15
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
85.72
122.09
1.0679
138.66
23.33
1.77
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
0.98
2.87
2.76
3.09
5.07
8.23
12.67
13.45
Change bps
0.50
1.10
2.50
0.00
2.10
3.20
1.80
0.00

Commodities

     
20-JUN-11
21-JUN-11
change
WTI (USD/bbl)    
93.56
93.67
0.12%
     
Brent (USD/bbl)    
111.74
110.91
-0.74%
     
Arab Light (USD/bbl)    
108.07
107.40
-0.62%

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)
402.00
402.25
-0.06%
Urea Fertilizer (Rs/bag)
1,424.55
1,408.75
1.12%
Gold 24cr (Rs./10gm) Khi
42,514.00
42,428.00
0.20%
Rice IRRI -6(Rs/100kg)
3,683.00
3,659.00
0.66%
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)
1,546.30
1,540.70
0.36%
Sugar 11 (USD/lb)
26.26
24.15
8.74%
Steel (USD/ton)
739.50
737.33
0.29%
Wheat (CBT) (USD/bu)
700.50
700.00
0.07%
PTA (USD/ton)
1,195.00
1,205.00
-0.83%
Copper (USD/ton)
9,074.00
8,998.00
0.84%

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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.