BasedLine
Date: 18-July-2011
KSE-100 Index
Previous Index 12,267.33
Current Index
12,346.52
Change % 0.65%
YTD (CY11) 2.70%
YTD (FY12) -1.20%
KSE-100 Index
Previous Index 21,298.43
Current Index 21,563.27
Change % 1.24%
YTD (CY11) 14.67%
YTD (FY12) 3.00%
International Indicators
 
Close
%age
BSE-30 18,561.92 -0.30
HANGSENG 21,875.38 -0.30
NIKKEI 225 9,974.47 0.39
FTSE 5,847.00 -1.00
DJIA 12,479.73 0.34
SSEC 2,820.17 0.35
NASDAQ 2,789.80 0.98
 
Close
%age
TASI 6,459.23 -0.98
KSE(Kuwait) 6,068.60 -0.09
BSE 1,316.91 -0.21
MSM 5,981.55 -0.09
ADX 2,732.85 0.28
DFM 1,545.02 -0.18
QSE 8,483.66 -0.06
Capital Market Overview

Weekly review: Investors remain sidelined amid violence in Karachi

The law and order situation in Karachi failed to improve and kept investors on the sidelines as the benchmark KSE-100 index shed 0.4% (44 points) to close at 12,346 points during the week ended July 15. more... (ET)

NAVs and Returns
as of July 15, 2011
Funds Offer Redemption
POAIIF
51.1489/-
50.6374/-
YTD Return
17.90%
POIAAF
54.70/-
53.33/-
YTD Return
2.07%
POAAAF
52.44/-
51.13/-
YTD Return
1.21%
POAF
11.34/-
YTD Return
22.45%
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
35.03
3,013
62.86
3.54
2.70%
KSE30
6.84
588
50.46
3.41
1.77%
KMI30
5.11
440
35.28
2.75
14.67%
KSE All
37.80
3,250
69.23
3.59
2.45%
July 15, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
199.65
111.57
0.18%
OGDC
18.35
150.73
157.48
-1.48%
UBL
2.00
61.19
42.91
-1.16%
LUCK
1.70
71.87
36.47
1.45%
July15, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
20.70
(19.49)
1.21
Foreign Corporates
2,517.66
(1,954.88)
562.78
Overseas Pakistani
181.99
(276.52)
(94.52)
Grand Total
2,720.35
(2,250.89)
469.46
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
14-July-11
15-July-11
Change
Gross Buy
438.31
-35.99%
19.06
-14.04%
0.26
2.72
946.15%
Gross Sell
-403.98
0.35%
-14.92
-30.69%
-0.40
-2.25
462.50%
Net Buy/(Sell)
34.33
-88.05%
4.14
539.68%
-0.14
0.47
-435.71%
S.C.R.A
Country
During the Period FY12TD
14-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
0.53
-
-
0.58
-
-
-0.05
0.001
0.04
-0.04
Luxembourg
1.54
-
-
6.49
-
-
-4.95
0.16
0.11
0.05
Switzerland
1.71
0.05
-
0.63
-
-
1.13
0.05
-
0.05
UAE
-
-
-
-
-
-
-
-
-
-
UK
4.31
-
-
1.53
-
-
2.79
1.09
0.26
0.83
USA
9.22
-
-
6.91
-
-
2.31
1.31
0.63
-0.32
Total
17.47
0.05
-
18.74
-
-
-1.22
1.63
1.03
0.59
News Clippings
Economy

$1.20bn required for infrastructure development in Thar Coal field

The infrastructure development in Thar Coalfield would require $1.20 billion in next five years, Sindh Information Minister Sharjeel Inam Memon said. more... (BR)

US renews commitment to economic support for Pakistan

The United States on Thursday renewed its commitment to support Pakistan's economic development with the State Department emphasizing that Washington's economic assistance for Islamabad continues to flow, irrespective of a slowdown in the security aid .more... (BR)

Rs37bn for PSEs to avert default

Government will provide Rs37 billion on emergency basis to loss incurring state entities to enable them to avert international default.As per details furnished by ministry of petroleum and natural resources to parliament, Prime Minister Syed Yousuf Raza Gilani had already approved broad based frame work to address the circular debt issue of petroleum sector. more... (FD)

FBR extends date for payment of taxes

FBR has extended date for payment of taxes/duty and filling of Sales Tax/FED returns up to July 22, for the period June 2011, for persons registered in LTU/RTOs, Karachi. more... (N)

 
Company & Sector Update

MoU signed between the Punjab Government and NORINCO

A Memorandum of Understanding (MoU) was signed between Punjab government and Chinese international company NORINCO regarding Lahore mass transit project. more... (D)

Power shortfall slips to 5,169 MW

The electricity shortfall in the country on Saturday dropped to 5,169 MW from 5,825 MW as the total power generation was recorded as 12,809 MW against the demand of 17,978 MW during the last 24 hours. more... (BR)

Wheat exports come to a halt

July 16: Wheat exports have come to a sudden halt following crash in its world prices where Russia made a debut at a low price of $260 per ton, thereby making exports from Pakistan unviable, exporters said. more... (D)

Global cotton production projections cause overall fall in prices

Buying pace failed to match the falling prices of cotton during the violence struck week. Over all downtrend prevailed through week. On the last day prices, compared with previous week closure were: spot rate down Rs 600 at Rs6200, lint prices by almost Rs 700 from Rs 6800/7000 to Rs 6025/6300. Domestic market appears to be moving along the world market trend. more... (BR)

 
Political

Government making policies on IMF directives: Quereshi

Former Foreign Minister, Shah Mehmood Qureshi said that the current government was making policies on the directives of the IMF and this would not only ruin the economy of the country but also its politics, Geo News reported. more... (N)

US assures Pakistan of continued civilian assistance

The United States has assured of continued civilian assistance to Pakistan and help in energy sector projects, Finance Minister Dr. Abdul Hafeez Sheikh told Prime Minister Syed Yusuf Raza Gilani on Saturday. more... (BR)

Israeli weapons being used to foment unrest in Karachi: Malik

Interior Minister, hinting at involvement of foreign hands behind unrest in Karachi, on Sunday, said Israeli-made weapons were being used by miscreants in the city. more... (BR)

MQM to cooperate govt. while staying in opposition: Altaf

Muttahida Qaumi Movement (MQM) Chief Altaf Hussain has assured President Asif Ali Zardari that his party, while staying in the opposition, would not only welcome positive measures of the government but also extents its full cooperation, Geo News reported on Friday. more... (BR)

 
GCC

Profits at Abu Dhabi Aviation leap 150%

Abu Dhabi Aviation yesterday reported a net profit of Dh181.61 million for the six month period that ended in June, a jump of 150.4 per cent over the corresponding period last year. more... (Gulf News)

Rents in some Abu Dhabi buildings fall 15% in Q2

Rents for "inferior quality and old buildings" in Abu Dhabi fell 10 to 15 per cent in the second quarter 2011, while price recovery is not expected before next year, according to Jones Lang LaSalle (JLL) report. more... (Zawya)

Kurdish crude will boost Iraq reserves

Iraq may raise its proven oil reserves by 21 per cent after adding those from the semi- autonomous Kurdish region, Hussain Al Shahristani, deputy prime minister for energy affairs, said yesterday. more... (Gulf News)

Crude prices mixed in Asian trade

Oil prices were mixed in Asian trade Monday as news of European banks passing closely-watched stress tests counteracted concerns over the US government's debt problems, analysts said. more... (Zawya)

 

Quote of the Day:

" Whatever qualities the rich may have, they can be acquired by anyone with the tenacity to become rich. The key, I think, is confidence. Confidence and an unshakable belief it can be done and that you are the one to do it." Felix Dennis

 
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 (July 08, 2011)
Rs727.17bn
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
14-JUL-11
15-JUL-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.529
-0.23%
10.49%
10.55%
6.00
     
14-JUL-11
15-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
13.17
13.31
13.55
13.75
Offer
13.67
13.56
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  
13.60
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
86.05
121.10
1.0888
138.54
23.43
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

     
14-JUL-11
15-JUL-11
change
WTI (USD/bbl)    
95.90
97.22
1.38%
     
Brent (USD/bbl)    
117.05
116.77
-0.24%
     
Arab Light (USD/bbl)    
112.39
112.71
0.28%

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
43,585.00
43114.00
1.09%
Rice IRRI -6(Rs/100kg)
3,700.00
3,775.00
-1.99%
KCA Cotton (Rs/mound)
6,200.00
6,000.00
3.33%
International
Current
Previous
Change
Coal Spot(USD/ton)
121.45
120.40
0.87%
Gold Futures (USD/oz)
1,593.55
1,587.30
0.39%
Sugar 11 (USD/lb)
28.97
29.02
-0.17%
Steel (USD/ton)
741.25
740.79
0.06%
Wheat (CBT) (USD/bu)
694.00
707.25
-1.73%
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.