BasedLine
Date: 15-July-2011
KSE-100 Index
Previous Index 12,262.52
Current Index
12022.46
Change % 0.04%
YTD (CY11) 2.04%
YTD (FY12) -1.83%
KSE-100 Index
Previous Index 21,323.49
Current Index 21,298.43
Change % -0.12%
YTD (CY11) 13.26%
YTD (FY12) 1.73%
International Indicators
 
Close
%age
BSE-30 18,618.20 -0.12
HANGSENG 21,940.20 0.06
NIKKEI 225 9,936.12 -0.27
FTSE 5,847.00 -1.00
DJIA 12,491.61 0.36
SSEC 2,810.44 0.54
NASDAQ 2,796.92 0.54
 
Close
%age
TASI 6,508.80 0.29
KSE(Kuwait) 6,168.80 -0.11
BSE 1,319.66 0.13
MSM 5,986.84 -0.05
ADX 2,725.25 0.39
DFM 1,547.86 -0.37
QSE 8,483.71 0.18
Capital Market Overview

Market watch: Trade levels fall on political tensions

The stock market closed range-bound on Thursday in thin trade owing to the poor law and order situation in the city. The Karachi Stock Exchange's (KSE) benchmark 100-share index crawled up 0.04 per cent or 4.81 points to end at 12,267.33 point level. more... (ET)

NAVs and Returns
as of July 14, 2011
Funds Offer Redemption
POAIIF
51.1361/-
50.6247/-
YTD Return
18.52%
POIAAF
54.39/-
53.03/-
YTD Return
1.49%
POAAAF
52.29/-
50.90/-
YTD Return
0.91%
POAF
11.32/-
YTD Return
18.10%
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
34.81
2,993
22.87
1.14
2.04%
KSE30
6.78
583
13.71
1.05
0.79%
KMI30
5.05
435
8.75
0.76
13.26%
KSE All
37.57
3,231
25.32
1.16
1.84%
July 14, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
198.44
111.57
-0.43%
OGDC
18.35
150.21
157.48
-1.82%
UBL
2.00
61.04
42.91
-1.41%
LUCK
1.70
71.33
36.47
0.69%
July14, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
1.27
0
(1.27)
Foreign Corporates
148.60
(301.97)
(153.38)
Overseas Pakistani
113.01
(103.17)
9.84
Grand Total
262.88
(405.15)
(142.26)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
13-July-11
14-July-11
Change
Gross Buy
438.31
-35.99%
19.06
-14.04%
0.45
0.26
-42.22%
Gross Sell
-403.98
0.35%
-14.92
-30.69%
-0.78
-0.40
48.72%
Net Buy/(Sell)
34.33
-88.05%
4.14
539.68%
-0.33
-0.14
57.57%
S.C.R.A
Country
During the Period FY12TD
11-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
-
-
0.31
-
-
-0.15
0.00
0.12
-0.12
Luxembourg
1.09
-
-
5.75
-
-
-4.66
-
2.45
-2.45
Switzerland
1.60
0.05
-
0.63
-
-
1.03
0.09
0.02
0.07
UAE
-
-
-
-
-
-
-
-
-
-
UK
0.63
-
-
0.79
-
-
-0.16
0.07
0.22
-0.15
USA
6.55
-
-
3.53
-
-
3.12
1.38
1.42
-0.04
Total
10.26
0.05
-
11.16
-
-
-0.84
1.55
4.23
-2.69
News Clippings
Economy

Forex reserves ease to $18.11 billion

Pakistan's foreign exchange reserves eased to $18.11 billion in the week ended July 10, from a record $18.25 billion the previous week , a senior central bank official said on Thursday. more... (Tribune)

Foreign investment falls eight per cent

Foreign investment in Pakistan fell 8.1 per cent to $1.92 billion in fiscal year 2010-11 because of a decrease in foreign direct investment, the central bank said on Thursday. more... (ET)

Trade deficit swells in FY11

Pakistan's merchandise trade gap with the rest of the world witnessed a paltry growth of over one per cent in 2010-11 over the previous year owing to highest-ever increase in exports and steep fall in imports. more... (D)

US contacts Shaikh, assures of economic support

The United States made a reconciliatory gesture on Thursday to improve its strained relations with Pakistan: reaching out to Finance Minister Abdul Hafeez Shaikh to assure Islamabad that recent developments would not affect its economic support to the country.more... (D)

 
Company & Sector Update

Oil and gas sector: Production remains flat for third straight year

Challenging security environment, notorious circular debt and delay in some projects due to litigation have adversely affected the country's hydrocarbon production activities in fiscal 2011. more... (ET)

Water and power crisis worsens

The water and power crisis aggravated on Wednesday with the power shortage hitting the highest ever mark of 6,800MW and the water situation moving towards the drought-like conditions of 2004. more... (D)

NBP lagging behind peers in online banking

The National Bank of Pakistan (NBP) has failed to compete with other banks in online banking services, according to a survey. The country's largest bank NBP does not even have the facility to check online banking service, survey revealed.more... (Tribune)

Telecom giant sees profits fall

Tring! Tring! Anybody and everybody who held PTCL in his portfolio had a field day yesterday. Within seconds of the telecom player's nine-month result announcement its stock price shot up to its upper circuit limit; as the company surprised its investors with an interim dividend of Rs1.75 per sharemore... (BR)

 
Political

President summons Mirza to Islamabad

President Asif Ali Zardari on Thursday summoned Senior Minister of Sindh Dr. Zulfikar Mirza to the President House for his statement given last night after which Karachi plunged into violence.According to Presidential Spokesman Farhatullah Babar, the provincial minister is summoned for his controversial statement regarding the MQM chief Altaf Hussain and Urdu speaking community. more... (D)

Zardari telephones Altaf

President Asif Ali Zardari telephoned MQM Chief Altaf Hussain and discussed the situation after Zulfiqar Mirza's controversial statement against Urdu speaking community. more... (N)

JI flays Malik's statement on Karachi killings

Terming Interior Minister Rehman Malik's statement as comical regarding the killing of 100 persons in the city, spokesman Jamaat-i-Islami (JI) has said the statement spoke volumes of Malik's mental approach. In a press release issued here on Thursday, the spokesman advised the government to refer Malik to a doctor. . more... (DT)

Four members take oath as ministers

Four members of the Sindh Assembly took oath as provincial ministers at a simple but impressive ceremony held at the Governor House here on Thursday. . more... (BR)

 
GCC

Inflation is reflected in smaller grocery purchases

Mothers in the UAE are feeling the pinch of inflation, prompting many to cut down on grocery spending, a study revealed.According to research released yesterday by electronic payments provider Visa, 94 per cent of 160 mothers polled in the UAE have noticed a significant increase in the "overall costs" of groceries.more... (Gulf News)

EU shares fall as Moody's casts new gloom over US

European stocks fell for the fourth day in five after Italy auctioned bonds and Moody's Investors Service said the American government may lose the Aaa credit rating it's held since 1917. more... (Gulf News)

Kuwait Sales Reach 300 Million Dinars

A recent report on Kuwait found that the total value of real estate sales during May reached 300 million dinars, ($1.010 billion dollars), down 23% from the previous month. However, real estate sales in May were 20% higher than levels recorded during the same period of last year. more... (Zawya)

InfraMed to assess projects in Jordan

InfraMed Infrastructure Fund will be studying the possibility of investing in the megaprojects Jordan plans to implement in key strategic sectors. .more... (Zawya)

 

Quote of the Day:

"When courage, persistence, faith, and action meet, they wipe out the fear that holds us back from achieving our greatest level of success.” Karlene Sinclair-Robinson." - Karlene Sinclair-Robinson

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
2.50%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
176.57mn
US$ Reserves (July 10, 2011)
$18.11bn
Trade Balance (Jul 10- June 11)
($15.59bn)
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
13-JUL-11
14-JUL-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.529
-0.23%
10.49%
10.55%
6.00
     
13-JUL-11
14-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
13.20
13.30
13.56
13.76
Offer
13.70
13.55
13.81
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
13.50
13.45
13.45
Low  
13.60
13.30
13.30
13.30
13.20
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
85.95
122.55
1.0857
138.83
23.40
1.82
0.41

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.45
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
2.71
2.89
3.09
4.94
8.28
12.46
13.55
Change bps
0.00
4.00
1.00
0.00
-2.00
-4.20
4.00
0.00

Commodities

     
13-JUL-11
14-JUL-11
change
WTI (USD/bbl)    
95.21
95.90
0.72%
     
Brent (USD/bbl)    
117.63
115.96
-1.42%
     
Arab Light (USD/bbl)    
112.45
112.39
-0.05%

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
42,642.00
42,600.00
0.10%
Rice IRRI -6(Rs/100kg)
2,829.00
3,856.00
-26.63%
KCA Cotton (Rs/mound)
6,700.00
6,800.00
-1.47%
International
Current
Previous
Change
Coal Spot(USD/ton)
121.45
120.40
0.87%
Gold Futures (USD/oz)
1,567.70
1,553.47
0.92%
Sugar 11 (USD/lb)
29.02
30.49
-4.82%
Steel (USD/ton)
737.40
737.11
0.04%
Wheat (CBT) (USD/bu)
672.00
639.25
5.12%
PTA (USD/ton)
1,170.00
1,155.00
1.30%
Copper (USD/ton)
9,629.00
9,549.00
0.84%

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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.