BasedLine
Date: 12-July-2011
KSE-100 Index
Previous Index 12,390.12
Current Index
12,291.90
Change % -0.79%
YTD (CY11) 2.24%
YTD (FY12) -1.63%
KSE-100 Index
Previous Index 21,330.46
Current Index 21,250.84
Change % -0.37%
YTD (CY11) 13.01%
YTD (FY12) 1.50%
International Indicators
 
Close
%age
BSE-30 18,721.39 -0.72
HANGSENG 22,347.23 -1.67
NIKKEI 225 10,069.53 -0.67
FTSE 5,929.20 -1.02
DJIA 12,505.76 -1.20
SSEC 2,802.69 0.18
NASDAQ 2,802.62 -2.00
 
Close
%age
TASI 6,567.14 -0.22
KSE(Kuwait) 6,183.50 -0.45
BSE 1,318.94 -0.04
MSM 5,985.00 -0.13
ADX 2,725.20 0.13
DFM 1,548.69 -1.18
QSE 8,496.87 0.10
Capital Market Overview

Market Watch: Downward trend continues in thin trade

The downward trend continued at the stock market on Monday on the back of unrest in the city. The Karachi Stock Exchange's (KSE) benchmark 100-share index dropped 0.79 per cent or 98.22 points to end at 12,291.9 point level. more... (ET)

NAVs and Returns
as of July 11, 2011
Funds Offer Redemption
POAIIF
51.0899/-
50.5790/-
YTD Return
20.47%
POIAAF
54.28/-
52.92/-
YTD Return
1.28%
POAAAF
52.22/-
50.91/-
YTD Return
0.77%
POAF
11.31/-
YTD Return
18.61%
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
34.88
2,999
25.55
1.31
2.24%
KSE30
6.81
586
16.63
1.20
1.24%
KMI30
5.04
434
10.75
0.87
13.01%
KSE All
37.65
3,238
31.59
1.36
2.06%
July 11, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
201.74
111.55
1.22%
OGDC
19.31
152.07
165.69
-0.60%
UBL
2.00
62.02
42.90
0.18%
LUCK
1.70
71.96
36.47
1.58%
July11, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
7.11
(5.95)
1.16
Foreign Corporates
3,530.50
(775.19)
2,755.31
Overseas Pakistani
51.82
(70.53)
(18.72)
Grand Total
3,589.43
(851.67)
2,737.75
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
08-July-11
11-July-11
Change
Gross Buy
433.28
-35.18%
14.04
-15.52%
2.79
3.59
28.67%
Gross Sell
-400.83
2.13%
-11.78
-2.69%
-2.93
-0.85
70.99%
Net Buy/(Sell)
32.45
-88.46%
2.26
-49.94%
-0.14
2.74
-2,057.14%
S.C.R.A
Country
During the Period FY12TD
08-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
-
-
0.19
-
-
-0.04
0.001
0.09
-0.08
Luxembourg
1.09
-
-
3.30
-
-
-2.21
0.00
0.26
-0.26
Switzerland
1.51
0.05
-
0.61
-
-
0.96
0.34
-
0.34
UAE
-
-
-
-
-
-
-
-
-
-
UK
0.56
-
-
0.57
-
-
-0.01
0.27
-
0.27
USA
5.27
-
-
2.11
-
-
3.16
0.63
0.14
0.50
Total
8.58
0.05
-
6.78
-
-
1.85
1.28
0.48
0.79
News Clippings
Economy

Pakistan June fuel oil imports at all-time high near 850,000T

Pakistan's June fuel oil imports, mainly for power-generation, were at all-time high volumes of nearly 850,000 tonnes, on the back of severe power shortages in the country, official data showed on Monday. more... (Reuters)

SECP, KSE take measures to boost capital market activities

The Securities and Exchange Commission of Pakistan (SECP) and Karachi Stock Exchange (KSE) have agreed to withdraw a mandatory basic deposit requirement to take part in deliverable futures market (DFM) and allow 50 percent margin in eligible securities and 50 percent in cash in DFM to encourage trading activities in country's capital market. more... (BR)

Futures dip on Europe's debt crisis

US stock index futures fell on Monday as renewed jitters about Europe's debt crisis and the global economy overshadowed the start of earnings season. more... (DT)

Asian stocks hit by poor US, China data

Asian stock markets mostly slipped Monday after an anaemic US jobs report last week and data showing Chinese inflation was still high despite Beijing's monetary policy tightening. more... (DT)

 
Company & Sector Update

Meezan Bank awarded Best Islamic Financial Institution

The first and largest Islamic bank in Pakistan, Meezan Bank, was awarded the Best Islamic Financial Institution by the Global Finance magazine at its Annual Awards for the World's Best Islamic Financial Institutions 2011. more... (BR)

WAPDA saves Rs41.64bn with increase of 3.84 billion hydel units

The Pakistan Water and Power Development Authority (WAPDA) generated 31.45 billion units of hydel electricity during the fiscal year 2010-11, registering an increase of 3.84 billion units as compared to 2009-10. more... (ET)

Shipping activity at Port Qasim

Brisk shipping activity has been observed at the Port Qasim where five ships carrying containers, cements, chemicals and edible oil were allotted berth at QICT, Multi Purpose, EVTL and LCT Terminals respectively on Sunday, July 10. more... (BR)

SSGC teams monitor 2-day CNG closure

At least 23 monitoring teams of Sui Southern Gas Company (SSGC) are touring the entire city to ensure that the two-day closure of CNG filling stations is strictly implemented. more... (BR)

 
Political

Debt talks yield little; Obama rules out stopgap

President Barack Obama and congressional leaders on Monday emerged still deeply divided over how to slash the nation's debt, with reality sinking in that even a middle-ground proposal was not big enough to succeed and would not get through Congress anyway. more... (DT)

Graffiti on Karachi walls incurs PPP ire

The Pakistan People`s Party and Muttahida Qaumi Movement continued on a collision course on Monday as graffiti demanding a Mohajir province appeared overnight in many areas of the city, mostly MQM strongholds. more... (D)

US sets terms for aid resumption

The United States wants Pakistan to do more in the fields of counter-terrorism, counter-insurgency and intelligence to qualify for the resumption of US military aid, the State Department said on Monday. more... (D)

SC cancels 879 out-of-turn promotions in Sindh police

Expressing concern over 879 out-of-turn shoulder promotions in the Sindh police, the Supreme Court ordered the provincial police chief on Monday to reverse the decision by bringing back within a week these officers to their original ranks. more... (DT)

 
GCC

GCC ready for customs union launch by 2015

The six-nation Gulf Cooperation Council will complete measures to establish a regional customs union by 2015, according to the official Saudi Press Agency (SPA). more... (Gulf News)

Stocks reel on global economy fears

Stocks opened sharply lower yesterday amid fresh fears about the global economy.The Dow Jones industrial average fell 144 points, or 1.1 per cent, to 12,513, at the start of trading. The Standard & Poor's 500 index fell 19, or 1.4 per cent, to 1,324. Every industry group in the S&P 500 fell. The Nasdaq composite fell 36, or 1.3 per cent, to 2,824. more... (Gulf News)

Arabian Automobiles posts 20% rise in first-half sales

Dubai: It was a mix of the external and internal combustions that weighed heavily on demand and sales of Japanese automobile brands during the first-half of the year. more... (Gulf News)

Oil drops on signs China, US fuel demand may slow

Oil declined for a second day in New York as investors bet that a slump in Chinese imports and rising unemployment in the US indicated that fuel demand may falter in the world's biggest crude-consuming nations. more... (Gulf News)

 

Quote of the Day:

"Talk of nothing but business, and dispatch that business quickly." -Aldus Manutius

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
2.50%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
176.57mn
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- June 11)
$11.20bn
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
08-JUL-11
11-JUL-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.727
-0.03%
10.48%
10.49%
0.90
     
08-JUL-11
11-JUL-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
864.55
850.00
-14.45

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.18
13.30
13.55
13.75
Offer
13.68
13.55
13.80
14.25

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
13.50
13.45
13.45
Low  
13.50
13.30
13.25
13.30
13.20
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
85.95
122.10
1.0649
137.68
23.41
1.83
0.40

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.40
13.65
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
1.11
2.67
2.88
3.09
4.96
8.32
12.42
13.55
Change bps
-4.00
-16.00
-14.00
-10.00
-14.00
-3.30
-1.00
0.00

Commodities

     
08-JUL-11
11-JUL-11
change
WTI (USD/bbl)    
95.54
94.63
-0.95%
     
Brent (USD/bbl)    
117.71
116.66
-0.89%
     
Arab Light (USD/bbl)    
113.27
112.18
-0.96%

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
42,600.00
42,171.00
1.02%
Rice IRRI -6(Rs/100kg)
3,856.00
3,809.00
1.23%
KCA Cotton (Rs/mound)
6,800.00
7,100.00
-4.22%
International
Current
Previous
Change
Coal Spot(USD/ton)
121.45
118.60
2.40%
Gold Futures (USD/oz)
1,533.47
1,544.15
0.60%
Sugar 11 (USD/lb)
28.92
29.36
-2.47%
Steel (USD/ton)
737.11
736.54
0.08%
Wheat (CBT) (USD/bu)
639.25
612.25
4.41%
PTA (USD/ton)
1,170.00
1,195.00
-2.09%
Copper (USD/ton)
9,549.00
9,644.00
-0.99%

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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.