BasedLine
Date: 29-June-2011
KSE-100 Index
Previous Index 12,464.49
Current Index
12,362.44
Change % -0.82%
YTD (CY11) 2.83%
YTD (FY11) 27.16%
KSE-100 Index
Previous Index 21,257.53
Current Index 21,019.63
Change % -1.12%
YTD (CY11) 11.78%
YTD (FY11) 43.77%
International Indicators
 
Close
%age
BSE-30 18,492.45 0.43
HANGSENG 22,061.78 0.09
NIKKEI 225 9,648.98 0.74
FTSE 5,766.90 0.78
DJIA 12,188.69 1.20
SSEC 2,759.97 0.06
NASDAQ 2,688.28 1.33
 
Close
%age
TASI 6,531.17 0.37
KSE(Kuwait) 6,226.80 -0.43
BSE 1,328.34 -0.13
MSM 5,904.68 -0.82
ADX 2,711.30 0.25
DFM 1,507.61 -1.18
QSE 8,290.39 0.49
Capital Market Overview

Stocks end lower; rupee weakens; o/n rates flat

Pakistani stocks ended lower on Tuesday on fears of growing violence in the country's financial hub Karachi, following the Muttahida Qaumi Movement's (MQM) decision to quit the ruling coalition, dealers said. The Karachi Stock Exchange's benchmark 100-share index ended 0.82 percent, or 102.05 points, lower at 12,362.44. more... (N)

NAVs and Returns
as of June 28, 2011
Funds Offer Redemption
POAIIF
52.7712/-
52.2435/-
YTD Return
9.01%
POIAAF
65.15/-
63.52/-
YTD Return
23.00%
POAAAF
59.35/-
57.87/-
YTD Return
15.16%
POAF
11.24/-
YTD Return
10.50%
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
35.08
3,017
54.69
2.45
2.83%
KSE30
6.72
578
35.14
2.24
-0.13%
KMI30
4.99
429
21.43
1.58
11.78%
KSE All
37.85
3,255
67.07
2.59
2.57%
June 28, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
203.80
111.88
-12.43%
OGDC
16.95
152.95
145.87
-11.50%
UBL
2.00
63.29
43.03
-8.97%
LUCK
1.70
71.27
36.58
-7.60%
June28, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
20.12
(10.94)
9.17
Foreign Corporates
1,470.23
(1,242.62)
227.60
Overseas Pakistani
170.39
(71.41)
98.98
Grand Total
1,660.73
(1,324.98)
335.76
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
27-June-11
28-June-11
Change
Gross Buy
405.52
-37.90%
39.51
-21.75%
1.69
1.66
-1.77%
Gross Sell
-342.69
-10.32%
-48.08
106.85%
-7.56
-1.32
82.54%
Net Buy/(Sell)
62.82
-77.23%
-8.57
-131.46%
-5.87
0.33
-105.62%
S.C.R.A
Country
During the Year July 10 to Date
27-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
56.57
0.10
-
38.86
-
-
17.81
0.18
0.17
0.01
Luxembourg
71.89
-
-
68.52
-
-
3.50
0.16
0.16
-0.004
Switzerland
40.02
1.30
-
15.99
-
-
25.30
-
0.00
-0.00
UAE
7.13
0.19
-
7.52
-
-
1.82
-
-
-
UK
149.00
192.14
-
137.64
202.63
2.85
-4.99
0.08
0.93
-0.85
USA
435.84
-
36.10
262.09
-
23.50
186.52
1.07
1.67
-0.60
Total
795.70
193.73
48.57
559.32
202.63
30.33
242.71
1.54
3.04
-1.49
News Clippings
Economy

Up, up and away: 10 to 100% increase in gas prices proposed

The government has worked out a plan to increase prices of gas from 10 to 100 per cent from the new financial year beginning July in a bid to end cross-subsidy, which was agreed to with multilateral lenders. more... (ET)

KSE announces withdrawal of CVT, revision of flood surcharge

Karachi Stock Exchange (KSE) said Tuesday that capital value tax (CVT) on the purchase of modaraba certificates and listed instrument of redeemable capital, has been withdrawn from July 1, 2011 through Finance Bill/Act 2011. more... (BR)

No end to power outages till 2018: WAPDA

Negating the tall claims of the government that it will overcome the power shortfall soon, the Water and Power Development Authority's (WAPDA) Chairman, Shakeel Ahmed Durrani, said on Tuesday that complete elimination of electricity load shedding was not possible till 2018. more... (DT)

Government to rationalise employees' salaries

Ministry of Finance has planned to remove restorations in the salary structure of the federal government employees, and recommendations to be finalised by a high-level committee in this regard by December 31, 2011 would be implemented in the next fiscal year 2012-13. more... (DT)

 
Company & Sector Update

Looming power shortage: PSO threatens cut in oil supply

A dispute between oil marketing giant, Pakistan State Oil (PSO) and power generation companies has emerged once again due to delay in payment of dues as PSO threatened reduction in furnace oil supply, which may aggravate power situation in the country. more... (ET)

Food sector gives highest returns at bourse

The food sector has posted a whopping return of 129 per cent in the current financial year so far, securing top slot amongst other sectors while massively outperforming the benchmark KSE-100 index that provided a return of 24 per cent. more... (ET)

Agricultural output: ‘Bio-technology can increase productivity'

Bio-technology has emerged as a strategic industry of the 21st century which can increase agro-productivity, according to Punjab Minister for Agriculture Malik Ahmad Ali. more... (ET)

'Pakistan to build more nuclear plants to overcome energy needs'

Prime Minister Syed Yusuf Raza Gilani Monday categorically stated that country's nuclear capability was purely for peaceful purposes and it would build more power plants to meet its growing energy needs. more... (BR)

 
Political

At least 14 ministers resign in wake of MQM decision

Federal and provincial ministers from an influential political party resigned on Tuesday after Muttahida Qaumi Movement (MQM) quit the government in protest. more... (BR)

PM chairs cabinet's special meeting

The special meeting of the federal cabinet started here Tuesday with Prime Minister Gilani in chair. The cabinet will deliberate on a single-point agenda of the devolution of seven ministries to provinces. more... (BR)

France's Lagarde first woman IMF chief

France's Christine Lagarde was named Tuesday as the first-ever female chief of the IMF, faced with an immediate crisis as violent Greek protests rocked the stability of the eurozone. more... (D)

PML-N demands fresh polls in AJK

The Pakistan Muslim League-Nawaz (PML-N), on Tuesday, rejected the results of the AJK elections, and demanded fresh polls under an impartial and fair election commission. more... (DT)

 
GCC

US panel approves Libya action amid voices of dissent

A US Senate panel on Tuesday approved a resolution formally authorising continued US participation in the NATO-led military intervention in Libya but banning the introduction of US troops on the ground there. more... (DT)

New visa rule will woo real estate investors

Foreign investors who own properties worth more than Dh1 million will be entitled to three-year multiple-entry visit visas, the UAE Cabinet said yesterday. more... (Zawya)

UAE to open consulate in Kerala: Indian minister

The southern Indian state of Kerala will host a UAE Consulate, according to Indian media quoting E Ahmed, the Minister of State for External Affairs. The city where the consulate will be located is to be identified by the UAE mission in India, reports said. The report could not be confirmed from the UAE Foreign Ministry. more... (Zawya)

Dubai trade grows 34%

Dubai's trade rose 34 per cent to Dh183 billion in the first quarter of 2011 as compared to Dh136 billion for the same period last year, according to Dubai CustomsDubai Customs statistics released on Tuesday. more... (Zawya)

 

Quote of the Day:

" If we are going to carry on growing, and we will, because no country is going to forfeit its right to economic growth, we have to find a way of doing it sustainably." - Tony Blair

 
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
27-JUN-11
28-JUN-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.959
-0.17%
10.65%
10.69%
4.70
     
27-JUN-11
28-JUN-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
906.07
850.00
-56.07

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.04
13.28
13.54
13.75
Offer
13.54
13.53
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
86.08
123.05
1.0653
137.48
23.44
1.77
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
1.12
2.93
3.02
3.26
5.16
8.28
12.40
13.55
Change bps
2.00
4.00
11.00
10.00
11.00
2.20
5.00
0.00

Commodities

     
27-JUN-11
28-JUN-11
change
WTI (USD/bbl)    
90.87
92.97
2.31%
     
Brent (USD/bbl)    
105.99
108.81
2.66%
     
Arab Light (USD/bbl)    
105.65
107.19
1.46%

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)
3,698.00
3,699.00
-0.03%
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)
1,501.40
1,498.05
0.22%
Sugar 11 (USD/lb)
27.01
25.91
-0.35%
Steel (USD/ton)
735.57
735.22
0.05%
Wheat (CBT) (USD/bu)
705.50
695.75
1.40%
PTA (USD/ton)
1,170.00
1,195.00
-2.09%
Copper (USD/ton)
9,060.00
8,958.50
1.13%

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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.