BasedLine
Date: 30-June-2011
KSE-100 Index
Previous Index 12,362.44
Current Index
12,423.30
Change % 0.49%
YTD (CY11) 3.33%
YTD (FY11) 27.79%
KSE-100 Index
Previous Index 21,019.63
Current Index 20,986.94
Change % -0.16%
YTD (CY11) 11.61%
YTD (FY11) 43.54%
International Indicators
 
Close
%age
BSE-30 18,693.86 1.09
HANGSENG 22,061.18 0.00
NIKKEI 225 9,797.26 1.54
FTSE 5,856.00 1.54
DJIA 12,261.42 0.60
SSEC 2,728.48 -1.14
NASDAQ 2,740.49 0.41
 
Close
%age
TASI 6,576.00 0.69
KSE(Kuwait) 6,211.70 -0.24
BSE 1,316.77 -0.87
MSM 5,916.47 0.20
ADX 2,704.19 -0.26
DFM 1,516.93 0.62
QSE 8,334.51 0.53
Capital Market Overview

Market watch: Bourse gains in dull session

Equities rebounded sharply on Wednesday to recover the preceding day losses amid relatively low volumes. The Karachi Stock Exchange's (KSE) benchmark 100-share index gained 0.49 per cent or 60.86 points to end at 12,423.3 point level against the preceding day's fall of 103 points. more... (ET)

NAVs and Returns
as of June 29, 2011
Funds Offer Redemption
POAIIF
52.7858/-
52.2579/-
YTD Return
9.01%
POIAAF
65.13/-
63.50/-
YTD Return
22.96%
POAAAF
59.34/-
57.86/-
YTD Return
15.14%
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
35.25
3,031
48.56
3.01
3.33%
KSE30
6.71
577
26.38
2.57
-0.23%
KMI30
4.98
428
14.98
1.81
11.61%
KSE All
38.03
3,271
61.59
3.10
3.08%
June 29, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
199.30
111.83
-11.81%
OGDC
17.14
148.84
147.44
-11.67%
UBL
2.00
62.22
43.01
-8.81%
LUCK
1.70
70.94
36.56
-6.40%
June29, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
13.78
(17.55)
(3.77)
Foreign Corporates
1,199.78
(1,885.93)
(686.15)
Overseas Pakistani
189.92
(729.36)
(539.45)
Grand Total
1,403.47
(2,632.84)
(1,229.37)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
28-June-11
29-June-11
Change
Gross Buy
406.92
-37.92%
40.92
-18.97%
1.66
1.40
-15.66%
Gross Sell
-345.32
-9.72%
-50.72
118.17%
-1.32
-2.63
-99.24%
Net Buy/(Sell)
61.60
-77.85%
-9.80
-135.97%
0.33
-1.23
-472.73%
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

Foreign buying falls 77% at bourse in 2011

Foreign buying has fallen by 77 per cent in the first six months of 2011, a trend seen in all developing economies. After huge foreign inflows seen in developing markets including Pakistan last year, foreign fund managers have seemed to have started to reduce their exposure to these markets, according to a Topline Securities research note. more... (ET)

Strengthening trade: Food exports rise 35% to Rs338 billion

Food exports have increased 35 per cent to Rs338 billion in the first eleven months of the current financial year with the largest share of revenues coming from rice. more... (ET)

Vegetable, fruit exports increase by 87.01,16.55 pc

Export of vegetables and fruits from Pakistan registered an increase of 87.01 percent and 16.55 percent, respectively, during the last eleven months of the current financial year. more... (BR)

15-100% rise in gas tariff from July 1

The people of Pakistan will be hit by an inflation drone on July 1st, with the government planning to impose a massive gas tariff hike of 15-100%, affecting all categories of consumers on the first day of the new fiscal year 2011-12. The textile sector, however, is expected to be spared the rod in the long run. more... (N)

 
Company & Sector Update

OMCs' licences: Suspension in Azad Kashmir, northern areas only, says OGRA

The Oil and Gas Regulatory Authority (Ogra) has suspended licences of Oil Marketing Companies only for Azad Jammu and Kashmir and Northern Areas, an official clarified on Wendesday. more... (ET)

Initial public offering: Engro Foods targets Rs675m from share offer

Engro Foods has announced an initial public offering (IPO) of its shares, targeting to raise Rs675 million in a bid to finance different projects. Speaking to the media on Wednesday, Engro Foods Limited President and CEO Sarfaraz A Rehman said 27 million shares of the company would be offered at Rs25 per share, including a premium of Rs15. Subscription will be open from July 5 to 7. more... (ET)

Summit bank merger: SBP cancels licence of Mybank

The State Bank of Pakistan (SBP) has announced that following the amalgamation of Mybank Limited into Summit Bank Limited, it has cancelled the licence of Mybank and notified its de-scheduling. more... (ET)

Fertilizers sale falls 11pc in 5 months

Sale of fertilizers has witnessed 11 per cent decrease during January to May in the current fiscal year, Geo News reported on Wednesday. more... (N)

 
Political

‘Change of IMF head will not affect negotiations'

Change of International Monetary Fund (IMF) head will not affect the ongoing negotiations for financial assistance under ‘standby arrangement programme to Pakistan', said a top official of the finance ministry. more... (ET)

Pakistan pays heavy price in war on terror, suffers around US $ 67.93bn

Pakistan continues to pay a heavy price in terms of both the economic and security terms in the war on terror and has suffered huge losses of more than US $ 67.93 billion during last ten years. more... (BR)

US asked to leave Shamsi airbase: Mukhtar

Federal Minister for Defence, Ch. Ahmed Mukhtar said on Wednesday that the trust between the US and Pakistan has reduced to a great extent after May 02 incident. more... (BR)

Overthrowing the govt: PML-N looks to unite parties on anti-govt platform

Preparing to create a grand opposition alliance, Pakistan Muslim League-Nawaz (PML-N) chief Nawaz Sharif is looking to gather all political parties hostile towards the government, including the Muttahida Qaumi Movement (MQM). more... (ET)

 
GCC

Saudi Arabia stops hiring domestic helpers from Indonesia and Philippines

The Saudi Labour Ministry announced on Wednesday afternoon that it will stop issuing visas for domestic helpers from both Indonesia and Philippines starting from Saturday. more... (Gulf News)

First $100 million of aid transferred to Libya rebels: UK

Libya's cash-strapped rebels have received the first $100 million (70 million euros) from a fund set up by international donors, British Foreign Secretary William Hague said Wednesday. more... (Zawya)

Kuwait parliament OKs record budget with deficit

Kuwait's parliament on Wednesday passed a deficit budget for the 2011-2012 fiscal year projecting the highest spending in the OPEC member's history amid warnings the country's future is at risk. more... (Zawya)

Budget cuts force closure of Austrian Embassy

Budget cuts imposed upon the Austrian Foreign Ministry in the wake of the financial crisis that swept through Europe has resu-lted in the closure of the embassy in Muscat, according to the outgoing envoy. more... (Zawya)

 

Quote of the Day:

" People ought to invest in us because they like our company and the way they run it. We still do quarterly earnings guidance, but we tell people openly that they ought to look at the company for the long term and that's how they ought to invest." - Jeffery Immelt

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
2.50%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
176.48mn
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)
$1.74bn
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
28-JUN-11
29-JUN-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.31
0.40%
10.69%
10.60%
-9.80
     
28-JUN-11
29-JUN-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
850.00
850.00
-

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  
11.50
13.20
13.45
13.40
13.45
13.45
Low  
11.00
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
86.04
123.50
1.0818
137.59
23.43
1.78
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
1.15
2.98
3.11
3.33
5.23
8.32
11.44
13.55
Change bps
3.00
5.00
9.00
7.00
7.00
3.40
-96.00
0.00

Commodities

     
28-JUN-11
29-JUN-11
change
WTI (USD/bbl)    
92.97
95.07
2.26%
     
Brent (USD/bbl)    
108.81
112.45
3.34%
     
Arab Light (USD/bbl)    
107.19
110.81
3.38%

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
42,000.00
41,957.00
0.10%
Rice IRRI -6(Rs/100kg)
3,697.00
3,698.00
-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)
1,512.30
1,501.40
0.73%
Sugar 11 (USD/lb)
26.92
27.01
-0.33%
Steel (USD/ton)
734.01
735.57
-0.21%
Wheat (CBT) (USD/bu)
673.25
705.50
-4.57%
PTA (USD/ton)
1,170.00
1,195.00
-2.09%
Copper (USD/ton)
9,312.00
9,060.00
2.78%

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.