BasedLine
Date: 04-July-2011
KSE-100 Index
Previous Index 12,496.03
Current Index
12,484.17
Change % -0.09%
YTD (CY11) 3.84%
YTD (FY11) -0.09%
KSE-100 Index
Previous Index 20,936.20
Current Index 20,979.15
Change % 0.21%
YTD (CY11) 11.56%
YTD (FY11) 0.21%
International Indicators
 
Close
%age
BSE-30 18,762.80 -0.44
HANGSENG 22,796.15 1.78
NIKKEI 225 9,868.07 0.53
FTSE 5,989.80 0.74
DJIA 12,582.77 1.36
SSEC 2,759.36 -0.12
NASDAQ 2,816.03 1.53
 
Close
%age
TASI 6,660.17 0.10
KSE(Kuwait) 6,172.90 -0.62
BSE 1,317.44 -0.17
MSM 5,933.34 0.29
ADX 2,708.40 0.16
DFM 1,553.31 2.40
QSE 8,478.79 1.41
Capital Market Overview

Weekly review: Stock market ends flat amid dismal volumes

The stock market plummeted 190 points in the first two days of the week on news of the Muttahida Qaumi Movement quitting the coalition government. The first day investors held back but after reports confirmed the next day they started to press the ‘sell' button. more... (ET)

NAVs and Returns
as of July 04, 2011
Funds Offer Redemption
POAIIF
B.C
B.C
YTD Return
n/a
POIAAF
B.C
B.C
YTD Return
n/a
POAAAF
B.C
B.C
YTD Return
n/a
POAF
11.25/-
YTD Return
9.29%
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
35.42
3,047
31.38
1.18
3.84%
KSE30
6.73
579
17.87
1.02
0.06%
KMI30
4.98
428
7.97
0.63
11.56%
KSE All
38.21
3,286
34.69
1.20
3.54%
June 30, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
199.30
111.54
-0.45%
OGDC
17.70
152.99
151.86
0.00%
UBL
2.00
61.91
42.90
-0.65%
LUCK
1.70
70.84
36.46
0.17%
July01, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
3.63
(3.68)
(0.05)
Foreign Corporates
334.05
(327.71)
6.34
Overseas Pakistani
61.21
(118.67)
(57.46)
Grand Total
398.89
(450.06)
(51.17)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
30-June-11
01-July-11
Change
Gross Buy
419.64
-36.42%
0.40
-94.23%
12.32
0.40
-96.75%
Gross Sell
-389.50
0.26%
-0.45
-72.21%
-43.73
-0.45
98.97%
Net Buy/(Sell)
30.14
-89.11%
-0.05
-100.97%
-31.40
-0.05
99.84%
S.C.R.A
Country
During the Year FY11
30-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
57.18
0.10
-
39.55
-
-
17.74
0.03
-
0.03
Luxembourg
71.90
-
-
69.99
-
-
2.03
-
0.02
-0.02
Switzerland
40.05
1.36
-
15.99
-
-
25.39
0.03
-
0.09
UAE
7.13
0.19
-
7.52
-
-
1.82
-
-
-
UK
149.25
192.14
-
138.52
202.63
2.85
-5.64
0.22
0.11
0.11
USA
437.82
-
36.10
267.47
-
23.50
183.12
0.43
0.51
-0.08
Total
798.95
193.78
48.57
567.76
202.63
30.33
237.56
1.07
0.65
0.47
News Clippings
Economy

Hydroelectricity projects: ADB agrees to provide $6b for Diamer-Bhasha dam

The Asian Development Bank (ADB) has agreed to provide a $6-billion loan to Pakistan to fund the construction of the Diamer-Bhasha dam , a project that is expected to add 4,500 megawatts of electricity. more... (ET)

KSE, not as impressive as it looks: Numbers don't lie, or do they?

With fiscal year 2011 ending, Pakistan's main stock index, the KSE-100 Index showed impressive growth of 28.91%, closing at 12,532.28 points. more... (ET)

Inflation soars 14pc in FY11

Pakistan's annual inflation went up by 13.92 per cent in the fiscal year 2010-11, data showed on Saturday, and pressure is mounting on the government to step up efforts to check rising prices in the new fiscal year. more... (D)

First quarter 2011-12: Govt to borrow Rs800 billion

The government will borrow Rs750 billion from the banking system in the first quarter of this fiscal year, while another Rs50 billion will be raised through auction of Pakistan Investment Bonds (PIBs). more... (D)

 
Company & Sector Update

Insects attack cotton crop in south Punjab

Insects have infested high-yielding Bt cotton varieties sown early in southern Punjab because of ongoing spell of heavy rains and humidity, say agricultural experts. more... (ET)

Petroleum minister suggests increase in gas prices

Federal Minister for Petroleum, Dr. Asim Hussain suggested an increase in gas prices on Sunday due to a raise in gas shortage in the country, DawnNews reported. more... (D)

Ban sought on production of fertiliser used in IED

The United States is now focusing on stopping the production of ammonium nitrate in Pakistan and hopes that a meeting in Islamabad this week would lead to a ban on the substance, says Ambassador Mark Grossman. more... (D)

Rs10m penalty imposed on Engro Vopak

The Competition Commission of Pakistan has imposed a penalty of Rs10 million on Engro Vopak Terminal Limited for entering into a monopolistic contract with Port Qasim Authority. more... (D)

 
Political

MQM signals joining PML-N grand alliance

The Muttahida Qaumi Movement (MQM) has for the first time ever hinted at ‘joining' a proposed grand opposition alliance led by Pakistan Muslim League-N chief Nawaz Sharif , indicating tough times ahead for the struggling government. more... (ET)

Operation launched in central Kurram

A military offensive has been launched against militants in central tehsil of Kurram Agency and families have started fleeing the conflict zone, sources said. more... (D)

Pakistan has ‘altered' stance on terrorism: India

India's outgoing Foreign Secretary Nirupama Rao has said there is a change in Pakistan's attitude towards tackling terrorism and it is a “concrete” development that India should take note of. more... (D)

“No mid-term polls as it's time for local govt elections,” says Gilani

Prime Minister Syed Yusuf Raza Gilani on Sunday rejected opposition's call for mid-term polls and said it was time for local government elections in the country. more... (D)

 
GCC

Gaddafi can stay in Libya if he quits - rebel chief

Muammar Gaddafi is welcome to live out his retirement inside Libya as long as he gives up all power, Libya's rebel chief told Reuters on Sunday in the clearest concession the rebels have so far offered. more... (Gulf News)

3-year property visa to open doors to driving licence, schools for holders

T The new three-year property visa announced by the UAE Federal government is likely to make life easier for those who opt for it. more... (Zawya)

UAE praises Bahrain initiative which gets under way tomorrow

The UAE is throwing its full support behind the National Dialogue initiative due to get under way here tomorrow evening. more... (Zawya)

IIF revises Lebanon growth downward to between 1.1 and 3 pct

The Institute of International Finance revised downward its real GDP growth forecast for Lebanon from 4 percent last January to between 1.1 and 3 percent for 2011. more... (Zawya)

 

Quote of the Day:

" Money is human kind's greatest invention. Money doesn't discriminate. Money doesn't care whether a person is poor, whether a person comes from a good family, or what his skin color is. Anybody can make money." - Takafumi Horie

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
2.50%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
176.48mn
US$ Reserves (June 25, 2011)
$17.47bn
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- June 11)
$0.03bn
All Sch. Banks Deposit Base (June 24, 2011)
Rs725.80bn
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
30-JUN-11
01-JUL-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.465
0.18%
10.55%
10.53%
-2.00
     
30-JUN-11
01-JUL-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
820.35
820.35
0.00

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.06
13.29
13.55
13.76
Offer
13.56
13.54
13.80
14.26

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.90
13.60
13.45
13.40
13.45
13.45
Low  
13.90
13.30
13.20
13.10
13.15
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
85.90
124.08
1.0634
138.16
23.39
1.79
0.40

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.45
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
3.02
3.15
3.38
5.28
8.33
12.47
13.55
Change bps
3.00
4.00
4.00
5.00
5.00
0.80
103.00
0.00

Commodities

     
30-JUN-11
30-JUN-11
change
WTI (USD/bbl)    
94.70
95.27
0.60%
     
Brent (USD/bbl)    
111.84
112.01
0.15%
     
Arab Light (USD/bbl)    
109.01
107.98
-0.94%

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
42,042.00
41,000.00
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)
1,500.35
1,512.30
-0.79%
Sugar 11 (USD/lb)
27.25
26.34
3.45%
Steel (USD/ton)
733.96
734.01
-0.01%
Wheat (CBT) (USD/bu)
669.25
673.25
-0.59%
PTA (USD/ton)
1,170.00
1,195.00
-2.09%
Copper (USD/ton)
9,414.00
9,312.00
1.10%

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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.