BasedLine
Date: 08-July-2011
KSE-100 Index
Previous Index 12,533.55
Current Index
12,441.40
Change % -0.74%
YTD (CY11) 3.48%
YTD (FY12) -0.44%
KSE-100 Index
Previous Index 21,402.31
Current Index 21,355.60
Change % -0.22%
YTD (CY11) 13.57%
YTD (FY12) 2.00%
International Indicators
 
Close
%age
BSE-30 19,078.30 1.88
HANGSENG 22,530.18 0.06
NIKKEI 225 10,071.14 -0.11
FTSE 6,054.50 0.86
DJIA 12,719.49 0.74
SSEC 2,794.27 -0.58
NASDAQ 2,872.66 1.36
 
Close
%age
TASI 6,612.46 -0.22
KSE(Kuwait) 6,212.90 0.07
BSE 1,319.51 0.08
MSM 5,975.81 0.39
ADX 2,714.77 -0.08
DFM 1,557.85 0.37
QSE 8,502.49 0.12
Capital Market Overview

Market watch : Stocks fall as violence grips city

Stocks fell on Thursday after massive foreign selling on the back of the deteriorating law and order situation in the city. The Karachi Stock Exchange's (KSE) benchmark 100-share index fell 0.74 per cent or 92.15 points to end at 12,441.4 point level. more... (ET)

NAVs and Returns
as of July 07, 2011
Funds Offer Redemption
POAIIF
50.9628/-
50.4532/-
YTD Return
17.68%
POIAAF
54.15/-
52.80/-
YTD Return
1.05%
POAAAF
52.23/-
50.92/-
YTD Return
0.79%
POAF
11.2754/-
YTD Return
13.74%
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
3.48%
KSE30
6.88
592
39.95
2.45
1.89%
KMI30
5.08
437
22.97
1.58
13.57%
KSE All
38.34
3,297
68.50
2.70
3.21%
July 07, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
202.90
111.59
1.81%
OGDC
19.31
153.79
165.76
0.52%
UBL
2.00
62.00
42.92
0.15%
LUCK
1.70
70.84
36.48
2.40%
July07, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
16.65
(7.91)
8.74
Foreign Corporates
2,669.52
(4,710.22)
(2,040.70)
Overseas Pakistani
104.97
(148.93)
(43.96)
Grand Total
2,791.13
(4,867.05)
(2,075.93)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
06-July-11
07-July-11
Change
Gross Buy
430.49
-35.29%
11.25
-23.41%
1.72
2.79
62.21%
Gross Sell
-397.90
1.70%
-8.85
16.05%
-1.50
-4.87
-224.67%
Net Buy/(Sell)
32.59
-88.33%
2.40
-66.01%
0.21
-2.07
-1,085.71%
S.C.R.A
Country
During the Period FY12TD
06-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
0.15
-
-
0.10
-
-
0.05
0.13
0.02
0.10
Luxembourg
0.69
-
-
1.98
-
-
-2.30
0.62
0.43
0.18
Switzerland
0.62
0.05
-
0.61
-
-
0.06
0.62
0.05
0.57
UAE
-
-
-
-
-
-
-
-
-
-
UK
0.16
-
-
0.57
-
-
-0.41
0.02
0.02
0.001
USA
4.24
-
-
1.23
-
-
3.01
0.72
0.17
0.56
Total
5.95
0.05
-
5.63
-
-
0.37
2.13
0.70
1.43
News Clippings
Economy

Forex reserves hit all-time high of $18.25b

Pakistan's foreign exchange reserves reached an all-time high of $18.25 billion in the week ended July 2, following inflows of more than $400 million that included loans from multilateral donors, a central bank official said on Thursday. more... (ET)

Pak companies to attend trade fair

Six leading Pakistani companies are set to showcase their products at the 12th Malaysian International Food and Beverage Trade Fair 2011 which opens in the Malaysian capital next week. more... (BR)

Excise and Taxation department surpasses tax recovery target

While presiding over the monthly review meeting here Wednesday, Sindh Minister for Excise and Taxation, Mukesh Kumar, said that his department collected 13 percent additional tax as compared to the target. more... (BR)

‘Foreign debts reach alarming level of $58bn'

The present government has increased the burden of foreign debts to an alarming level of $58 billion. Vice President, Asia Pacific Chamber of Commerce and Industry, Tariq Saiyeed at Korangi Association of Trade and Industry (KATI) said government has printed currency notes worth Rs 1 trillion, which was extremely disturbing. more... (DT)

 
Company & Sector Update

Energy policy: Govt plans separate tariff for thermal, wind power

In order to attract investment in the energy sector, the government is planning to set a benchmark upfront tariff of eight cents per unit for thermal power plants and 13 to 16 cents per unit for wind power projects in the proposed tariff policy, sources say. more... (ET)

Hurdles removed: OGDCL bond sale back on track

The international equity markets have shown sign of improvements following the approval of the austerity measures by the Greek Parliament. more... (ET)

Refinery output falls in fiscal 2011 again

Refinery operations declined for the third straight year despite surge in international oil prices advocating improved operating environment. Refinery operations declined by 4.4 per cent to 7.7 million tons. more... (ET)

PTA concerned over gas, power load shedding

The leather goods and leather exports declined around 30 percent due to power and gas load shedding, animals and basic raw material smuggling and higher cost of doing business. more... (DT)

 
Political

MQM announces peaceful protest over Karachi violence

Muttahida Qaumi Movement (MQM), announced that its members in Sindh Assembly (MPAs), will stage a protest march against recent violence in Karachi, from Karachi Press Club to Sindh Chief Minister's House here, on July 8. more... (BR)

Power plant equipment not cleared by customs

An energy equipment provided by a Chinese company for easing electricity crisis in Pakistan has been awaiting customs clearance at Karachi for one year, officials said. more... (D)

US admits ‘difficulties' in Pak relations

US Ambassador Cameron Munter admitted on Thursday to having “difficulties in our relationship” with Pakistan, while Khyber Pakhtunkhwa (KP) Senior Minister Bashir Ahmed Bilour pressed Washington to “stop drone attacks” and “trust” Islamabad. more... (DT)

Government has planned targeted action against criminals, says Malik

Sindh government has planned to conduct targeted actions by using real time intelligence and modern technology against the criminals creating law and order situation in Karachi, however no operation will be initiated. more... (DT)

 
GCC

UAE’s non-performing loans to peak above 10% in 2011

Non-performing loans (NPLs) of the UAE banks are expected to peak above 10 per cent this year up from 8.3 per cent in 2010 and 4.9 per cent in 2009, rating agency Moody's said in a report Thursday. more... (Gulf Base)

Egypt braces for Friday of fury

Egypt braced for a huge turnout of protesters yesterday after growing frustration with the country's transitional leadership intensified this week. more... (Gulf News)

Lebanon gets failing grade on MDGs

As the U.N. releases its Millennium Development Goals Global Report 2011 Thursday, attention is shifting to the many hurdles ahead, which for Lebanon range from countering devastating environmental degradation to reducing regional income disparities. more... (Zawya)

DAE Capital cancels all Airbus orders

DAE CapitalDAE CapitalDAE Capital, leasing arm of Dubai Aerospace EnterpriseDubai Aerospace EnterpriseDubai Aerospace Enterprise (DAEDAE), has cancelled all of its aircraft orders with Airbus, worth $5.8 billion (in list prices) for 45 planes. more... (Zawya)

 

Quote of the Day:

" Success seems to be connected with action. Successful people keep moving. They make mistakes, but they don't quit." - Conrad Hilton

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
2.50%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
176.55mn
US$ Reserves (July 02, 2011)
$18.25bn
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
06-JUL-11
07-JUL-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.578
0.03%
10.53%
10.55%
-0.40
     
06-JUL-11
07-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
13.14
13.31
13.56
13.75
Offer
13.64
13.56
13.81
14.25

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
122.96
1.0609
137.38
23.37
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

     
06-JUL-11
07-JUL-11
change
WTI (USD/bbl)    
97.40
98.50
1.13%
     
Brent (USD/bbl)    
114.24
117.92
3.22%
     
Arab Light (USD/bbl)    
109.80
113.69
3.54%

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)
29.52
27.84
6.03%
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.