BasedLine
Date: 28-June-2011
KSE-100 Index
Previous Index 12,464.26
Current Index
12,464.49
Change % 0.00%
YTD (CY11) 3.68%
YTD (FY11) 28.21%
KSE-100 Index
Previous Index 21,193.24
Current Index 21,257.53
Change % 0.30%
YTD (CY11) 13.04%
YTD (FY11) 45.39%
International Indicators
 
Close
%age
BSE-30 18,412.41 0.94
HANGSENG 22,041.77 -0.59
NIKKEI 225 9,578.31 -1.04
FTSE 5,722.30 0.43
DJIA 12,043.56 0.91
SSEC 2,758.23 0.44
NASDAQ 2,688.28 1.33
 
Close
%age
TASI 6,507.21 -0.07
KSE(Kuwait) 6,253.50 -0.11
BSE 1,330.03 -0.58
MSM 5,953.70 -0.93
ADX 2,704.47 -0.51
DFM 1,525.61 0.29
QSE 8,249.62 0.51
Capital Market Overview

Market watch: Bourse ends range-bound as investors stay away

Local investors stayed away from the market on the first trading session of the week due to falling international bourses and domestic political tensions. The Karachi Stock Exchange's (KSE) benchmark 100-share index crawled up 0.23 point to end at 12,464.49 points. more... (ET)

NAVs and Returns
as of June 27, 2011
Funds Offer Redemption
POAIIF
52.7566/-
52.2290/-
YTD Return
9.00%
POIAAF
65.21/-
63.58/-
YTD Return
23.11%
POAAAF
59.57/-
58.08/-
YTD Return
15.58%
POAF
11.24/-
YTD Return
10.52%
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
35.44
3,047
43.72
2.29
3.68%
KSE30
6.83
587
27.24
2.07
1.51%
KMI30
5.06
435
16.68
1.53
13.04%
KSE All
38.23
3,287
52.78
2.37
3.42%
June 27, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
203.80
111.93
-10.58%
OGDC
17.35
152.95
149.38
-9.84%
UBL
2.00
63.29
43.05
-7.17%
LUCK
1.70
71.27
36.59
-6.33%
June27, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
15.36
(19.19)
(3.83)
Foreign Corporates
720.90
(7,382.94)
(6,662.04)
Overseas Pakistani
951.65
(161.16)
790.50
Grand Total
1,687.91
(7,563.29)
(5,875.38)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
24-June-11
27-June-11
Change
Gross Buy
403.86
-37.89%
37.85
-25.04%
0.65
1.69
160.00%
Gross Sell
-341.37
-10.54%
-46.76
101.15%
-2.50
-7.56
-202.40%
Net Buy/(Sell)
62.49
-77.17%
-8.91
-132.69%
-1.86
-5.87
-215.59%
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

Government to announce steps for containing expenditures and reducing fiscal deficit

The government will announce austerity measures in the second week of July to contain expenditures and reduce fiscal deficit, according to the Ministry of Finance on Monday. more... (ET)

Boosting ties: Pakistan-India to open new trade post

Pakistan and India on Monday decided to open up another trade point at the Wagah border, to boost trade ties between the two neighbouring countries. more... (ET)

Fiscal 2011 review: Rupee rewrites recent history, falls only 0.5% against dollar

The rupee depreciated against the dollar by just 0.5 per cent during fiscal 2011 against the average depreciation of seven per cent in the last five fiscal years. more... (ET)

Gold drops to Rs41,957

Gold slipped by Rs 43 to Rs 41,957 per 10 grams in local bullion market on Monday, as its international price dropped to $ 1,502 an ounce, market sources said. more... (BR)

 
Company & Sector Update

Increasing reliance: More civil nuclear plants to be built

Prime Minister Yousaf Raza Gilani on Monday said that more civil nuclear plants would be built to address the severe energy deficit. more... (ET)

SBP includes packaging materials in refinance scheme

The State Bank of Pakistan (SBP) has announced that plant and machinery used in the export oriented projects for producing packaging material exclusively used in packaging/preservation of food items are also eligible for refinance under the Long Term Financing Facility (LTFF) Scheme. more... (BR)

Meezan fund's IPO from July 5 to 7

The Initial Public Offering (IPO) of Meezan Capital Protected Fund-II will be from July 5 to 7. A statement Monday said the subscription of the fund would remain open till August 15, 2011. The MCPF-II is an open-end mutual fund with a maturity period of three years and six weeks. more... (DT)

Sindh to collect sales tax on services from July 1

The Sindh Assembly unanimously passed the Sindh Sales Tax on Services Bill-2011 into law earlier this month, enabling the government to collect Sales Tax (ST) on services from July 1, which is likely to bring significant revenue to the government's kitty. more... (N)

 
Political

MQM quits government

Muttahida Qaumi Movement (MQM) said Monday it had quit the beleaguered administration, citing the "dictatorial" and "brutal" approach of the ruling Pakistan People's Party. more... (BR)

OICCI appreciates budget 2011-12

The Overseas Investors Chamber of Commerce and Industry (OICCI) has appreciated the efforts of the government in announcing a budget 2011-12 with positive measures despite the economic difficulties and operating constraints prevalent in the country. more... (BR)

PPP asks MQM to reconsider decision

Although the People's Party faces no threat to its governments at the centre and in Sindh, it has asked the Muttahida Qaumi Movement to ‘reconsider' its decision of quitting the ruling coalition. more... (D)

Excise duty, other surcharges to go in two years: Hafeez

Finance Minister Abdul Hafeez Sheikh said on Saturday that within next two years, the excise duty and other surcharges would be totally abolished and the federal government would only be collecting income and sales tax. more... (D)

 
GCC

No Libya solution with Qadhafi still in power: EU

The European Union opposes any solution to the war in Libya that involves Moamer Qadhafi remaining in power, the spokesman for the EU's foreign policy chief said Monday. more... (BR)

Libyan rebels advance towards Tripoli

Libyan rebels trying to overthrow Muammar Gaddafi have pushed to within about 80 kilometres of the capital, a rebel spokesman said on Monday, in the biggest rebel breakthrough in weeks. more... (DT)

Sharjah fuel shortage to end before Ramadan

Sharjah residents can expect an end to the fuel shortage before Ramadan begins, a top official told Gulf News. "Inshallah it will be resolved. In Ramadan there won't be a lot of pressure on the stations. I am optimistic... Alternative solutions are in place, there won't be problem," the official, who declined to be named, said. more... (Gulf News)

Iran's capital market growth up 34%

Iran's capital market has grown to date around 34 percent in 2011 compared to the year before, the head of Securities and Exchange Organization announced. more... (Zawya)

 

Quote of the Day:

" I believe that I was lucky to have suffered. Some people don't realize that in suffering there is great potential, because if you are deprived for any reason.. politically, financially, socially or otherwise.. and if you set your mind in the right direction, you will find that the only way to survive is for you to excel, by being better so you can be treated better." - Talal Abu Ghazaleh

 
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
24-JUN-11
27-JUN-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.111
-0.06%
10.63%
10.65%
1.80
     
24-JUN-11
27-JUN-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
907.87
906.07
-1.79

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.01
13.29
13.54
13.75
Offer
13.51
13.54
13.79
14.25

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
12.00
13.20
13.45
13.40
13.45
13.45
Low  
11.10
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
86.12
121.40
1.0649
136.91
23.40
1.76
0.40

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.42
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
13.75
13.55
14.10
14.09

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
1.10
2.89
2.91
3.16
5.05
8.26
12.35
13.55
Change bps
-1.00
6.00
6.00
3.00
5.00
1.80
-3.00
10.00

Commodities

     
24-JUN-11
27-JUN-11
change
WTI (USD/bbl)    
90.72
90.87
0.16%
     
Brent (USD/bbl)    
103.85
105.99
2.06%
     
Arab Light (USD/bbl)    
103.46
105.65
2.12%

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
41,957.00
42,257.00
-0.71%
Rice IRRI -6(Rs/100kg)
3,699.00
3,653.00
1.26%
KCA Cotton (Rs/mound)
8,650.00
8,500.00
1.76%
International
Current
Previous
Change
Coal Spot(USD/ton)
119.55
118.60
0.80%
Gold Futures (USD/oz)
1,498.05
1,502.65
-0.31%
Sugar 11 (USD/lb)
25.91
26.00
-0.35%
Steel (USD/ton)
735.22
735.00
0.03%
Wheat (CBT) (USD/bu)
695.75
708.00
-1.73%
PTA (USD/ton)
1,170.00
1,195.00
-2.09%
Copper (USD/ton)
8,958.50
9,036.00
-0.86%

Kindly Click here for PDF Version

(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.