BasedLine
Date: 24-June-2011
KSE-100 Index
Previous Index 12,369.41
Current Index
12,508.42
Change % 1.12%
YTD (CY11) 4.04%
YTD (FY11) 28.66%
KSE-100 Index
Previous Index 21,150.23
Current Index 21,344.19
Change % 0.92%
YTD (CY11) 13.51%
YTD (FY11) 45.98%
International Indicators
 
Close
%age
BSE-30 17,727.49 1.01
HANGSENG 21,759.10 -0.50
NIKKEI 225 9,596.74 -0.30
FTSE 5,674.38 -1.70
DJIA 12,050.00 -0.49
SSEC 2,687.59 1.46
NASDAQ 2,686.75 0.66
 
Close
%age
TASI 6,449.49 -0.20
KSE(Kuwait) 6,263.90 -0.24
BSE 1,338.61 0.03
MSM 6,003.82 -0.03
ADX 2,716.72 -0.58
DFM 1,537.48 -0.78
QSE 8,214.35 -0.04
Capital Market Overview

Market watch: Bourse closes at five-month high

Bulls turned up the heat at the Karachi Stock Exchange on Thursday to close above 12,500 after a gap of five months with support of the fertiliser and oil sector. The Karachi Stock Exchange's (KSE) benchmark 100-share index jumped 1.12 per cent or 139.01 points to end at 12,508.42 point level. more... (ET)

NAVs and Returns
as of June 23, 2011
Funds Offer Redemption
POAIIF
52.6855/-
52.1586/-
YTD Return
8.96%
POIAAF
65.32/-
63.69/-
YTD Return
23.33%
POAAAF
59.78/-
58.29/-
YTD Return
16.00%
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
35.68
3,058
60.17
4.62
4.04%
KSE30
6.92
593
42.83
4.34
2.51%
KMI30
5.09
437
24.61
2.92
13.51%
KSE All
38.48
3,299
76.96
4.74
3.78%
June 23, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
205.96
111.44
-8.87%
OGDC
17.40
154.48
149.50
-8.33%
UBL
2.00
63.40
42.86
-7.08%
LUCK
1.70
71.81
36.43
-5.25%
June23, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
5.59
(56.52)
(50.93)
Foreign Corporates
2,474.69
(1,247.21)
1,227.48
Overseas Pakistani
191.26
(173.03)
18.22
Grand Total
2,671.54
(1,476.76)
1,194.78
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
22-June-11
23-June-11
Change
Gross Buy
410.12
62.31%
35.59
-24.59%
0.59
2.67
352.54%
Gross Sell
-328.78
-15.00%
-36.77
62.49%
-2.34
-1.48
36.75%
Net Buy/(Sell)
81.34
-70.03%
-1.18
-104.80%
-1.75
1.19
168%
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

US not to keep up aid to Pakistan without change: Clinton

In the filled-to-capacity room at the Dirksen Senate Office Building, US Secretary of State Hillary Clinton was subjected to a barrage of questions about Afghanistan and Pakistan at the hearing of the Senate Foreign Relations Committee. more... (ET)

Deals inked to import electricity from Iran

The upper house of the parliament was informed Thursday about the successful agreements of importing electricity from Iran on low rates. Senators Lashker Raesani and Dr Ismail Baladi who were part of the Water and Power Development Authority (Wapda) delegation which visited Iran to negotiate power imports on low tariff rates, informed the senate about the agreements. more... (ET)

IMF turns down request for SBA review

The International Monetary Fund (IMF) has categorically declined a Pakistan request to hold next review of the ‘suspended' $11.3 billion standby programme on the basis of estimated figures of expenditure and revenues of the outgoing financial year. more... (D)

Cotton prices rise on global bull-run

Cotton prices on Thursday showed an upward tendency apparently in sympathy with the global markets as some of the ginners raised their asking prices above Rs8,700 per maund. more... (D)

 
Company & Sector Update

Spanner in the works: Greek debt crisis delays issue of $500m OGDC bonds

Pakistan's efforts to sell $500 million worth of bonds in the international market before the end of June have faced another setback, as foreign investors advised the government to let the Greece debt crisis be resolved first. more... (ET)

Refinery at Reko-Diq: Balochistan chalks out investment plan

The Balochistan government will invest over Rs20 billion in different sectors through an Investment Board to generate resources for setting up refinery at Reko-Diq Copper-Cum-Gold Project site. more... (D)

PSO receives Rs11b in debt repayment

In a bid to tackle inter-corporate debt and reduce the shortage of petrol, the federal government has released Rs11 billion which will be paid to Pakistan State Oil (PSO) for making oil supplies, says an official of the finance ministry. more... (ET)

Joint venture project: PARCO to restart work on Khalifa Coastal Refinery

The board of directors of Pak Arab Refinery Company (Parco) has decided to sign a ‘participation agreement' within two weeks to form a company to implement the multi-billion-dollar Khalifa Coastal Refinery project with a refining capacity of 250,000 barrels per day. more... (ET)

 
Political

Foreign secretaries begin talks Pakistan, India try to keep negativity at bay

As the two-day talks between Pakistani and Indian foreign secretaries began on Thursday both sides tried to keep out negativity by feeding media with feel good phrases like ‘substantive', ‘cordial', ‘forward looking', ‘constructive'. more... (D)

MV Suez sailors: Home at last

After a long wait, the Merchant Vessel Suez finally reached the shores of Karachi on Thursday evening. The 22-member crew of the Merchant Vessel Suez (MVS), including four Pakistani nationals who had been taken hostage by Somali pirates for more than 10 months, reached aboard Pakistan Navy's ship PNS Zulfiqar at the Naval Dockyard here. more... (ET)

M Rumpus in Senate over Zardari speech

A rumpus was witnessed in the Senate on Thursday with members belonging to the ruling PPP and the opposition PML-N trading charges over President Asif Ali Zardari`s speech in Naudero on June 21. more... (N)

Gender bias marks end of NA's budget session

Gender bias marked the end of a tumultuous budget session of the National Assembly on Thursday when the house passed a Rs564 billion supplementary budget. more... (D)

 
GCC

Sharjah warns Enoc of legal action

The Sharjah executive council has been given the directive to take legal action if the Enoc group does not meet the council's demand to open petrol stations across the emirate, according to a source in the Sharjah government. more... (Zawya)

French, UAE Firms Charged In US For Illegal Iran Exports

U.S. authorities Thursday charged firms in France and the United Arab Emirates for conspiring to export components for attack helicopters and fighter jets to Iran without a license. more... (Zawya)

Libya's Kadhafi considering leaving capital: report

Libyan leader Moamer Kadhafi is "seriously considering" leaving the capital Tripoli following a blistering series of NATO air raids, the Wall Street Journal reported Friday, citing US officials. more... (Zawya)

US pushes for ‘immediate' and smooth transfer of power in Yemen

A top US official urged Yemeni political leaders to complete an “immediate” smooth transfer of power in the country, amid increasing pressure on the Yemeni president Ali Abdullah Saleh to hand over power to end nearly five months of unrest in the impoverished country. more... (Zawya)

 

Quote of the Day:

" I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well. " - Alan Greenspan

 
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
22-JUN-11
23-JUN-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.14
0.08%
10.65%
10.63%
-2.00
     
22-JUN-11
23-JUN-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
862.54
891.40
28.87

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.11
13.30
13.54
13.75
Offer
13.61
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
13.50
13.45
13.40
13.45
13.45
Low  
11.10
13.20
13.20
13.10
13.15
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
85.73
122.92
1.0663
137.93
23.35
1.77
0.40

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
0.96
2.75
2.69
3.01
5.08
8.27
12.69
13.45
Change bps
-1.00
-7.80
-7.00
-4.60
-2.00
1.70
1.50
0.00

Commodities

     
22-JUN-11
23-JUN-11
change
WTI (USD/bbl)    
94.17
92.16
-2.13%
     
Brent (USD/bbl)    
113.15
108.53
-4.08%
     
Arab Light (USD/bbl)    
110.48
106.23
-3.85%

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
42,471.00
42,514.00
-0.10%
Rice IRRI -6(Rs/100kg)
3,655.00
3,656.00
-0.03%
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)
1,521.40
1,548.95
-1.78%
Sugar 11 (USD/lb)
26.08
26.00
0.31%
Steel (USD/ton)
736.57
738.12
-0.21%
Wheat (CBT) (USD/bu)
700.50
700.00
0.07%
PTA (USD/ton)
1,195.00
1,205.00
-0.83%
Copper (USD/ton)
8,955.75
9,010.00
-0.60%

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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.