BasedLine
Date: 27-June-2011
KSE-100 Index
Previous Index 12,508.42
Current Index
12,464.26
Change % -0.35%
YTD (CY11) 3.67%
YTD (FY11) 28.21%
KSE-100 Index
Previous Index 21,344.19
Current Index 21,193.24
Change % -0.71%
YTD (CY11) 12.70%
YTD (FY11) 44.95%
International Indicators
 
Close
%age
BSE-30 18,240.68 2.90
HANGSENG 22,171.95 1.90
NIKKEI 225 9,678.71 0.85
FTSE 5,697.72 0.41
DJIA 11,934.58 -0.96
SSEC 2,746.21 2.16
NASDAQ 2,652.89 -1.26
 
Close
%age
TASI 6,511.94 0.85
KSE(Kuwait) 6,260.10 -0.06
BSE 1,337.78 -0.06
MSM 6,009.68 0.10
ADX 2,718.43 0.06
DFM 1,521.15 -1.06
QSE 8,207.36 -0.09
Capital Market Overview

Weekly review: Market makes gains as fertiliser sector takes centre stage

The country's stock markets recorded light gains, despite stagnant activity due to a lack of triggers, during the week ended June 24. The benchmark KSE-100 index rose 0.8 per cent (103 points) as investors resorted to selective buying. more... (ET)

NAVs and Returns
as of June 24, 2011
Funds Offer Redemption
POAIIF
52.7001/-
52.1731/-
YTD Return
8.97%
POIAAF
65.15/-
63.52/-
YTD Return
23.00%
POAAAF
59.64/-
58.15/-
YTD Return
15.72%
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
35.43
3,047
42.28
2.69
3.67%
KSE30
6.83
588
32.21
2.57
1.58%
KMI30
5.04
434
17.74
1.38
12.70%
KSE All
38.23
3,288
51.73
2.77
3.43%
June 24, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
203.80
111.58
-9.82%
OGDC
17.55
152.95
150.63
-9.23%
UBL
2.00
63.29
42.92
-7.24%
LUCK
1.70
71.27
36.48
-5.96%
June24, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
2.91
(40.56)
(37.65)
Foreign Corporates
456.39
(2,317.28)
(1,860.90)
Overseas Pakistani
188.92
(147.36)
41.56
Grand Total
648.22
(2,505.20)
(1,856.98)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
23-June-11
24-June-11
Change
Gross Buy
402.17
-37.97%
36.16
-16.63%
2.67
0.65
-75.65%
Gross Sell
-333.80
-12.23%
-39.20
125.32%
-1.48
-2.50
-68.92%
Net Buy/(Sell)
68.36
-74.97%
-3.03
-111.67%
1.19
-1.86
-56.30%
S.C.R.A
Country
During the Year July 10 to Date
24-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
-
38.69
-
-
17.80
0.002
0.06
-0.06
Luxembourg
71.74
-
-
68.36
-
-
3.51
0.14
-
0.14
Switzerland
40.02
1.30
-
15.99
-
-
25.30
-
0.40
-0.40
UAE
7.13
0.19
-
7.52
-
-
1.82
-
-
-
UK
148.93
192.14
-
135.71
202.63
2.85
-4.15
0.66
0.17
0.49
USA
434.76
-
36.10
260.42
-
23.50
187.11
0.17
3.38
-3.21
Total
794.16
193.73
48.57
556.29
202.63
30.33
244.20
0.99
4.02
-3.03
News Clippings
Economy

Tax collection bid: FBR announces tax amnesty scheme to lure defaulters

In yet another attempt to achieve the tax target, the authorities on Saturday announced an amnesty scheme for tax defaulters , waiving penalties and surcharges on all overdue taxes, as tax bosses need to collect another Rs115 billion in five days. more... (ET)

PM seeks investment for country's prosperity

Prime Minister Yousaf Raza Gilani has said that the government is taking all measures to facilitate local and foreign investors to enhance investment in various sectors, which will help realise the vision of a prosperous Pakistan. more... (ET)

Pakistani forex reserves flat at $17.52bn

Pakistan's foreign exchange reserves were flat at $17.52 billion in the week ending June 18, unchanged from the previous week, a central bank official said on Thursday. more... (BR)

CFY inflation over 14, power costlier 24 pc

Whereas the inflation rate during the current fiscal year remained over 14 percent and electricity went costlier by 24 percent, the petroleum products prices also soared by 28-60 percent. more... (BR)

 
Company & Sector Update

Govt to convert Rs283b power company debt to PIB

The government has decided to convert Rs283 billion debt of power companies to Pakistan Investment Bonds (PIB) on Saturday, a move that will easing the cash backlog hurting the energy sector's operations. The meeting also decided to convert Rs114 billion commodity finance to PIBs. more... (ET)

Korean plans to invest $ 500mn in Pakistan

A South Korean conglomerate, Lotte, plans to invest up to dollars 500 million in Pakistan .This was stated by Executive Director of Lotte Pakistan PTA Limited Jung Neon Kim. more... (BR)

Govt sets growth rate at 3.7pc for manufacturing sector

The government in the next financial year 2011-12 has set growth rate at 3.7 percent for manufacturing Sector as a whole, while 2 percent and 7.5 percent growth rates have been fixed for large scale and small scale manufacturing respectively. more... (BR)

Germany to provide 527mn Euros for energy sector

With 330 days of sunlight, more than 300 kilo-meters of strong wind corridor, flowing rivers and vast agricultural land, Pakistan is an ideal country to generate power from solar, wind, biogas and hydel power. more... (BR)

 
Political

Fight against corruption unstoppable: Shaikh

Federal Finance Minister Dr Abdul Hafeez Shaikh has said that with a vibrant civil society and media in Pakistan, the voice of people against corruption has become unstoppable and will get stronger with every passing day. more... (ET)

Kalabagh Dam a must but with consensus

Federal Commerce Minister Makhdoom Amin Fahim has said Kalabagh Dam must be constructed but after evolving a consensus among all provinces. more... (ET)

PPP secures majority in AJK elections, wins 19 seats

The Pakistan People's Party (PPP) has secured majority in Azad Jammu and Kashmir (AJK) Legislative Assembly by securing 19 seats in elections on Sunday. more... (BR)

Govt stabbed MQM in the back: Altaf

Muttahida Qaumi Movement (MQM) chief Altaf Hussain has lashed out at the PPP-led government for postponing the election on three constituencies of the Azad Kashmir Legislative Assembly and urged the judiciary to take notice of the `undemocratic, unethical and illegal act'. more... (D)

 
GCC

Dubai Ruler visits Ministry of Public Works

A three-phase development programme for remote areas in the UAE was given the go-ahead by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, during an inspection visit to the Ministry of Public Works Sunday. more... (Gulf News)

Saudi trial opens for 85 suspected Al Qaida agents

Saudi Arabia's state news agency says 85 suspected members of Al Qaida accused of taking part in a deadly 2003 terrorist attack have gone on trial in a Riyadh court. more... (Gulf News)

Rental business to be DREC's sole focus despite legal amendment

The Dubai government has no plans to sell state-owned property or go to the stock market despite a legal amendment that makes changes to the way Dubai Real Estate Corporation (DREC) is run. more... (Zawya)

Saudi Arabia: Ministry drawing up rules to phase out unskilled foreigners

The Labor Ministry is working on new rules and regulations aimed at phasing out unskilled foreign workers from the Kingdom so as to replace them with Saudis, Al-Eqtisadiah newspaper quoted Labor Minister Adel Fakeih as saying on Saturday. more... (Zawya)

 

Quote of the Day:

" We want these assets to be productive. We buy them. We own them. To say we care only about the short term is wrong. What I care about is seeing these assets in the best hands." - Carl Icahn

 
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
23-JUN-11
24-JUN-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.165
0.03%
10.63%
10.63%
-0.60
     
23-JUN-11
24-JUN-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
891.40
907.87
16.47

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.09
13.29
13.54
13.74
Offer
13.59
13.54
13.79
14.24

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.25
13.20
13.45
13.40
13.45
13.45
Low  
12.50
13.00
13.20
13.10
13.15
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
85.86
122.17
1.0649
137.29
23.33
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
1.11
2.83
2.85
3.13
5.00
8.24
12.38
13.45
Change bps
15.50
8.30
16.50
11.80
-7.50
-2.20
-31.00
0.00

Commodities

     
23-JUN-11
24-JUN-11
change
WTI (USD/bbl)    
92.16
90.72
-1.56%
     
Brent (USD/bbl)    
108.53
103.85
-4.31%
     
Arab Light (USD/bbl)    
106.23
103.46
-2.61%

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
42,257.00
42,471.00
-0.50%
Rice IRRI -6(Rs/100kg)
3,653.00
3,655.00
-0.05%
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)
1,502.65
1,521.40
-1.23%
Sugar 11 (USD/lb)
26.00
26.08
-0.31%
Steel (USD/ton)
735.00
736.57
-0.21%
Wheat (CBT) (USD/bu)
708.00
700.50
1.07%
PTA (USD/ton)
1,195.00
1,205.00
-0.83%
Copper (USD/ton)
9,036.00
8,955.75
0.90%

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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.