BasedLine
Date: 23-June-2011
KSE-100 Index
Previous Index 12,326.14
Current Index
12,369.41
Change % 0.35%
YTD (CY11) 2.89%
YTD (FY11) 27.23%
KSE-100 Index
Previous Index 21,016.40
Current Index 21,150.23
Change % 0.64%
YTD (CY11) 12.47%
YTD (FY11) 44.66%
International Indicators
 
Close
%age
BSE-30 17,550.63 -0.06
HANGSENG 21,860.00 0.04
NIKKEI 225 9,629.43 1.80
FTSE 5,772.99 -0.04
DJIA 12,109.67 -0.66
SSEC 2,655.70 0.24
NASDAQ 2,669.19 -0.67
 
Close
%age
TASI 6,449.49 -0.20
KSE(Kuwait) 6,278.70 0.04
BSE 1,338.22 -0.17
MSM 6,005.67 0.05
ADX 2,732.54 0.03
DFM 1,549.61 -1.83
QSE 8,217.42 0.03
Capital Market Overview

Market watch: Bourse gains led by oil and fertiliser sector

The bourse gained on Wednesday with oil and fertiliser stocks in the limelight but volumes were dismal. The Karachi Stock Exchange's (KSE) benchmark 100-share index rose 0.35 per cent or 43.27 points to end at 12,369.41 point level. more... (ET)

NAVs and Returns
as of June 22, 2011
Funds Offer Redemption
POAIIF
52.6710/-
52.1443/-
YTD Return
8.96%
POIAAF
65.08/-
63.45/-
YTD Return
22.86%
POAAAF
59.47/-
57.98/-
YTD Return
15.38%
POAF
11.21/-
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 117 115 1.74%
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
46.70
3.76
2.89%
KSE30
6.80
583
35.11
3.63
1.11%
KMI30
5.03
433
20.02
2.44
12.47%
KSE All
37.96
3,265
59.47
3.85
2.70%
June 22, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
202.71
111.19
-10.31%
OGDC
17.40
153.51
149.16
-8.90%
UBL
2.00
62.04
42.77
-9.07%
LUCK
1.70
70.63
36.35
-6.81%
June22, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
13.82
(16.91)
(3.09)
Foreign Corporates
414.46
(2,106.39)
(1,691.94)
Overseas Pakistani
157.77
(212.72)
(54.95)
Grand Total
586.04
(2,336.03)
(1,749.99)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
21-June-11
22-June-11
Change
Gross Buy
398.85
-37.25%
32.84
-18.92%
2.68
0.59
-77.98%
Gross Sell
-329.82
-13.03%
-35.21
135.89%
-4.11
-2.34
43.07%
Net Buy/(Sell)
69.03
-73.59%
-2.37
-109.27%
-1.43
-1.75
-22.38%
S.C.R.A
Country
During the Year July 10 to Date
21-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
56.39
0.10
-
38.57
-
-
17.92
0.02
-
0.02
Luxembourg
70.40
-
-
68.09
-
-
2.43
-
0.26
-0.26
Switzerland
39.82
1.30
-
15.58
-
-
25.50
0.11
-
0.11
UAE
5.96
0.19
-
7.52
-
-
0.66
-
-
-
UK
147.97
192.14
-
135.92
202.63
2.85
-4.31
0.42
0.15
0.27
USA
433.21
-
36.10
254.75
-
23.50
191.23
1.25
0.74
0.51
Total
788.91
193.73
48.57
549.02
202.63
30.33
246.22
1.82
1.88
-0.06
News Clippings
Economy

MSCI Annual Review 2011: Pakistan's index going nowhere

MSCI has decided not to include Pakistan in the list of potential reclassification back to MSCI Emerging Marketing Index, according to the annual review. more... (ET)

Govt collects Rs16b in sales tax on services

The government has so far collected Rs15.89 billion in sales tax from nine services during the current financial year 2010-11 and has set a tax target of Rs17.5 billion from these services next year, figures show. more... (ET)

Wapda seeks 120pc hike in power tariff

The Water and Power Development Authority (Wapda) has sought an increase of 120 per cent in its tariff for hydel power from less than Rs6 per unit at present to Rs13 from July 1 this year. more... (D)

Federal budget for 2011-12 ‘approves'

The National Assembly on Wednesday approved the Financial Bill 2011 for the upcoming year worth Rs. 2.7 trillion, with majority vote and rejecting amendments moved by the opposition. more... (BR)

 
Company & Sector Update

ADB targets solar power projects in Pakistan

Asian Development Bank (ADB) has said it will launch the Asia Accelerated Solar Energy Development Fund with $2.25 billion as it targets solar power projects in countries including China, India, Pakistan, Uzbekistan and Thailand to add another 1,000 megawatts next year and 1,500MW in 2013. more... (ET)

Ogra Chairman, Member Finance involved in bribery scam

The Chairman and Member Finance of the Oil and Gas Regulatory Authority (Ogra) were found to be involved in a bribery scam regarding the issue of licenses to CNG stations, DawnNews reported. more... (D)

Govt provided Rs35bn subsidy on POL products in March: Shaikh

Finance Minister Dr. Abdul Hafeez Shaikh said Friday that the government had given subsidy of Rs35 billions on petroleum products during the last month. more... (D)

Petroleum products` prices reduced

After eight straight months of increases, the government on Tuesday cut petroleum prices by 0.2 per cent to 6.5 per cent with immediate effect in view of the decline in international market and partially deregulated the price fixation of some products to save about Rs10 billion a year. more... (D)

 
Political

Special zones to offer 10-year tax holiday

Federal Law, Justice and Parliamentary Affairs Minister Maula Bukhsh Chandio has said that the ministry will soon accord approval to the Special Economic Zone Act to promote business culture in the country. more... (ET)

Five million Pakistanis at risk from floods: UN

Up to five million people in Pakistan are at risk from floods this year, partly due to poor reconstruction and the inadequate rehabilitation of survivors who are still reeling from last year's epic deluge, the UN said on Wednesday. more... (BR)

Marvi Memon resigns from NA, PML-Q

Marvi Memon has resigned from her seat in the National Assembly and from the PML-Q, Geo News reported. Speaking to the media, Memon said that she took the decision in protest of the PML-Q joining the government and in opposition of the budget which was against the aspirations of the people. more... (N)

Obama, Zardari for steps to repair ties

US President Barack Obama telephoned President Asif Ali Zardari in Karachi on Wednesday night. The two leaders discussed bilateral ties and the latest situation in the region and agreed to take appropriate steps to repair the ties between the two countries on the basis of mutual respect and mutual benefit. more... (N)

 
GCC

Dubai retailers face fines up to Dh20,000 if prices are raised during Ramadan

Government inspectors will be visiting retailers to ensure that they are not raising food prices during Ramadan, according to an official at the Department of Economic Development (DED). The DED will go on 15 planned inspections of most retail outlets during Ramadan, Abdullah Al Shehi, Director of Commercial Protection at DED, told Gulf News. more... (Gulf News)

Shaikh Abdullah's India visit to cement ties

Shaikh Abdullah Bin Zayed Al Nahyan, UAE Foreign Minister, will pay an official visit to India on June 27 along with a high-level delegation, UAE government sources and the Indian Embassy in Abu Dhabi told Gulf News Wednesday. more... (Gulf News)

Saudi Arabia: Final-exit rumors deter foreigners from traveling

A number of expatriates, especially laborers, drivers, masons and salesmen have said they would cancel their plans to travel home this summer following strong rumors that exit and re-entry visas would be converted into final exit visas at the airports. more... (Zawya)

Iran expects UN chief to adopt 'just' approach toward all countries

Iranian ambassador to the United Nations has said UN Secretary General Ban Ki-moon is expected to provide even-handed justice for all countries. Ambassador Mohammad Khazaei made the remarks on Tuesday in response to the re-election of Ban Ki-moon as the UN secretary general for the second term. more... (Zawya)

 

Quote of the Day:

" We see our investors as invited guests to a party, and we are the hosts. It's our job every day to make every important aspect of the investor experience a little bit better." - Jeff Bezos

 
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
21-JUN-11
22-JUN-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.067
0.02%
10.65%
10.65%
0.00
     
21-JUN-11
22-JUN-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
850.57
862.54
11.96

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.09
13.29
13.53
13.74
Offer
13.59
13.54
13.78
14.24

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.20
13.20
13.45
13.40
13.45
13.45
Low  
11.50
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
85.55
122.75
1.0685
138.66
23.31
1.77
0.39

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.43
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
14.06
14.05
10 Y-PIB
13.60
13.45
14.10
14.09

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
0.97
2.83
2.76
3.06
5.10
8.25
12.68
13.45
Change bps
-1.00
-4.10
-0.30
-2.90
3.00
2.40
0.60
0.00

Commodities

     
21-JUN-11
22-JUN-11
change
WTI (USD/bbl)    
93.67
94.17
0.53%
     
Brent (USD/bbl)    
110.91
113.15
2.02%
     
Arab Light (USD/bbl)    
107.40
110.48
2.87%

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)
3,656.00
3,683.00
-0.73%
KCA Cotton (Rs/mound)
8,500.00
8,600.00
-1.16%
International
Current
Previous
Change
Coal Spot(USD/ton)
118.60
119.20
-0.50%
Gold Futures (USD/oz)
1,548.95
1,546.30
0.17%
Sugar 11 (USD/lb)
26.00
26.26
-0.99%
Steel (USD/ton)
738.12
739.50
-0.19%
Wheat (CBT) (USD/bu)
700.50
700.00
0.07%
PTA (USD/ton)
1,195.00
1,205.00
-0.83%
Copper (USD/ton)
9,010.00
9,074.00
-0.71%

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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.