BasedLine
Date: 07-July-2011
KSE-100 Index
Previous Index 12,576.48
Current Index
12,533.55
Change % -0.34%
YTD (CY11) 4.25%
YTD (FY11) 0.30%
KSE-100 Index
Previous Index 21,341.24
Current Index 21,402.31
Change % 0.29%
YTD (CY11) 13.81%
YTD (FY11) 2.23%
International Indicators
 
Close
%age
BSE-30 18,726.97 -0.10
HANGSENG 22,726.97 -1.01
NIKKEI 225 10,082.48 1.10
FTSE 6,002.90 -0.35
DJIA 12,626.02 0.45
SSEC 2,817.32 0.03
NASDAQ 2,834.02 0.29
 
Close
%age
TASI 6,612.46 -0.22
KSE(Kuwait) 6,208.50 -0.08
BSE 1,318.47 0.09
MSM 5,952.48 0.04
ADX 2,717.07 -0.45
DFM 1,552.11 0.44
QSE 8,492.71 -0.11
Capital Market Overview

Index falls as investors prefer the sidelines

The stock market fell on Wednesday as investors opted the wait and watch approach. The Karachi Stock Exchange's (KSE) benchmark 100-share index fell 0.34 per cent or 42.93 points to end at 12,533.55 point level. more... (ET)

NAVs and Returns
as of July 06, 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
11.2708/-
YTD Return
13.35%
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
35.56
3,058
50.27
2.62
4.25%
KSE30
6.88
592
39.95
2.45
2.26%
KMI30
5.08
437
22.97
1.58
13.81%
KSE All
38.34
3,297
68.50
2.70
3.94%
July 05, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
204.19
111.59
0.25%
OGDC
19.31
154.50
165.76
-14.01%
UBL
2.00
62.25
42.92
0.25%
LUCK
1.70
72.83
36.48
0.25%
July05, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
20
(13)
8
Foreign Corporates
1,229
(1,311)
81
Overseas Pakistani
464
(179)
285
Grand Total
1,714
(1,502)
212
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
05-July-11
06-July-11
Change
Gross Buy
410.76
61.74%
36.24
-28.87%
2.44
1.72
-29.51%
Gross Sell
-331.29
-14.51%
-39.28
67.46%
-1.02
-1.50
-47.06%
Net Buy/(Sell)
79.46
-71.39%
-3.04
-111.05%
1.42
0.21
-85.21%
S.C.R.A
Country
During the Period FY12TD
04-Jul-2011
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
0.001
-
-
-
-
-
0.001
0.001
-
0.001
Luxembourg
0.02
-
-
-
-
-
0.02
0.02
-
0.02
Switzerland
-
-
-
-
-
-
-
-
-
-
UAE
-
-
-
-
-
-
-
-
-
-
UK
0.06
-
-
-
-
-
0.06
0.06
-
0.06
USA
0.85
-
-
0.02
-
-
0.82
0.85
0.02
0.82
Total
0.93
-
-
0.02
-
-
0.90
0.93
0.02
0.90
News Clippings
Economy

Budget deficit at 5.3 per cent in 2010-11

Budget deficit for fiscal year 2010-11, which ended on June 30, was 5.3 per cent of gross domestic product (GDP), higher than estimated earlier, a finance official said on Wednesday. more... (ET)

Housing Foundation's Rs 1.5bn stuck with private company

Federal Minister for Housing and Works Makhdoom Syed Faisal Saleh Hayat, on Wednesday, said that despite the passage of two years, Housing Foundation was awaiting return of money worth Rs 1.57 billion from a private company, M/S Green Trees. more... (DT)

Power plant equipment not cleared by customs

Addressing a Pakistani media delegation currently visiting China, Consul General Hasan Hameed said here that China's biggest company DEC had sent the 315MW equipment a year ago but the customs authorities in Karachi had not been releasing it for reasons best known to them. more... (D)

Move to hit exports: Turkey to raise duty on pet resin

Turkey has decided to impose safeguard duty on import of pet (Polyethylene Terephthalate) resin from Pakistan for a period of three years. The move will lead to reduction in market access for the export of raw materials to the Turkish market, it is learnt. more... (D)

 
Company & Sector Update

Gas crisis to be resolved with imports from Iran

The energy crisis will be resolved to a considerable extent following the completion of Iran-Pakistan gas pipeline project, members of the Standing Senate Committee for Textile told the Faisalabad Chamber of Commerce and Industry (FCCI) on Wednesday. more... (ET)

M Oil sales fall 3% in fiscal 2011

Despite the increasing energy needs, the country's oil consumption dropped by 3.1 per cent to 19.6 million tons in the outgoing financial year compared with 20.3 million tons last year. more... (ET)

Nestle determines stock market health

The market price of one share of the par value of Rs10 in Nestle Pakistan stands at an incredible Rs4,844! It makes the stock, the most expensive among the 639 listed on the Karachi Stock Exchange. more... (D)

Aptma hopeful of gas supply

The All Pakistan Textile Mills Association (Aptma) has expressed the hope that the government would ensure five days a week supply of gas to the industry from 10th of this month. more... (D)

 
Political

North Korea bribed Pakistanis to get nuclear know-how: report

Nuclear scientist Abdul Qadeer Khan said North Korea's government paid more than $3 million in bribes to top Pakistani military officials to obtain nuclear technology, the Washington Post reported on Wednesday. more... (D)

PPP, PML-N fail to evolve consensus

The ruling Pakistan People's Party (PPP) and the largest opposition party, Pakistan Muslim League-Nawaz (PML-N), could not evolve a consensus on the National Accountability Bill on Wednesday, dampening the chances for early constitution of a National Accountability Commission. more... (DT)

Opposition alliance takes cautious steps forward

P While the Pakistan Muslim League-Nawaz (PML-N) and the Muttahida Qaumi Movement (MQM) failed on Wednesday to agree to entering a full-fledged alliance, both parties agreed to operate as a more ‘coordinated opposition' against the government. more... (ET)

Karachi death toll reaches 33 in 48 hours

Violence blamed on political and ethnic tensions in Karachi has killed 33 people in consecutive nights of bloody murders , officials said Thursday. more... (ET)

 
GCC

Dubai to build 18,000 new homes

Dubai's real estate market will see another 18,000 homes by the end of the year, adding to the emirate's oversupply woes and pushing prices further down, a report from property consultancy Jones Lang LaSalle said. more... (Gulf Base)

Saudi Arabia's health-care sector set to expand in 5 years

Saudi Arabia has the largest health care market in the GCC (Gulf Cooperation Council), boasting the region's most technologically advanced infrastructure, state-of-the-art facilities and medical equipment. more... (Zawya)

Dubai World Appoints MD, CFO; To Transfer RE Units To Govt

Dubai World said Wednesday it had appointed two new senior managers to help run the government-owned conglomerate's day-to-day business and had signed agreements towards transferring ownership of real-estate units Nakheel and Limitless to the government. more... (Zawya)

Al Qaida ambush kills 10 Yemeni soldiers: military

Suspected Al Qaida militants killed 10 soldiers when they ambushed them on a road in southern Yemen, where the jihadist network has a stronghold, a military official said on Thursday. more... (Gulf News)

 

Quote of the Day:

" You are surrounded by simple, obvious solutions that can dramatically increase your income, power, influence and success. The problem is, you just don't see them." - Jay Abraham

 
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- May 11)
$1.39bn
All Sch. Banks Deposit Base (June 24, 2011)
Rs725.80bn
Inflation
CPI Gen. - YoY (June-11) 13.13%
   
CPI Gen. - FY11 (Jul- June 11) 13.90%
   
NFNE Core INFL - YoY (June 11) 10.40%
   
NFNE Core INFL -FY11 (Jul-June 11) 9.70%

Money Market

 
Price
Change
05-JUL-11
06-JUL-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.578
0.03%
10.53%
10.53%
-0.40
     
05-JUL-11
06-JUL-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
850.00
850.00
0.00

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.12
13.30
13.55
13.74
Offer
13.62
13.55
13.80
14.24

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.90
13.50
13.40
13.40
13.45
13.45
Low  
13.50
13.20
13.15
13.20
13.20
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
85.85
124.20
1.0623
138.18
23.39
1.81
0.40

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.40
13.64
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
1.18
2.93
3.12
3.25
5.20
8.33
12.38
13.55
Change bps
1.00
-8.00
-2.00
-7.00
-1.00
-1.70
-3.00
0.00

Commodities

     
05-JUL-11
06-JUL-11
change
WTI (USD/bbl)    
97.50
97.40
0.1%
     
Brent (USD/bbl)    
113.84
114.24
0.35%
     
Arab Light (USD/bbl)    
108.86
109.80
0.86%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
94.11
97.31
-3.29%
Furnace Oil (Rs/ton)
68,696.36
68,540.94
0.23%
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
41,871.00
41,657.00
0.51%
Rice IRRI -6(Rs/100kg)
3,763.00
3,764.00
-0.03%
KCA Cotton (Rs/mound)
7,100.00
7,600.00
-6.58%
International
Current
Previous
Change
Coal Spot(USD/ton)
120.40
118.60
1.52%
Gold Futures (USD/oz)
1,528.90
1,515.65
0.87%
Sugar 11 (USD/lb)
27.84
27.60
0.87%
Steel (USD/ton)
735.37
735.91
-0.07%
Wheat (CBT) (USD/bu)
674.25
671.75
0.37%
PTA (USD/ton)
1,155.00
1,195.00
-3.35%
Copper (USD/ton)
9,503.00
9,522.25
-0.20%

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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.