BasedLine
Date: 19-July-2011
KSE-100 Index
Previous Index 12,346.52
Current Index
12,318.24
Change % -0.23%
YTD (CY11) 2.46%
YTD (FY12) -1.42%
KSE-100 Index
Previous Index 21,563.27
Current Index 21,681.52
Change % 0.55%
YTD (CY11) 15.30%
YTD (FY12) 3.56%
International Indicators
 
Close
%age
BSE-30 18,507.04 -0.30
HANGSENG 21,804.75 -0.32
NIKKEI 225 9,974.47 0.39
FTSE 5,752.81 -1.55
DJIA 12,385.16 -0.76
SSEC 2,816.69 -0.12
NASDAQ 2,765.11 -0.88
 
Close
%age
TASI 6,423.29 -0.56
KSE(Kuwait) 5,973.10 -1.57
BSE 1,318.46 -0.12
MSM 5,979.72 -0.03
ADX 2,707.23 -0.94
DFM 1,533.23 -0.76
QSE 8,441.40 -0.50
Capital Market Overview

Market watch: Bourse falls amid dismal volumes

The stock market fell on the first trading session of the week while the fertiliser sector continued to dominate activity at the bourse. more... (ET)

NAVs and Returns
as of July 18, 2011
Funds Offer Redemption
POAIIF
51.1939/-
50.6820/-
YTD Return
16.77%
POIAAF
54.70/-
53.33/-
YTD Return
2.07%
POAAAF
52.41/-
51.10/-
YTD Return
1.15%
POAF
11.35/-
YTD Return
20.17%
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
34.95
3,006
47.04
4.04
2.46%
KSE30
6.87
591
37.29
3.96
2.10%
KMI30
5.14
442
27.79
3.49
15.30%
KSE All
37.71
3,242
57.34
4.11
2.17%
July 18, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
198.54
112.09
-0.38%
OGDC
18.35
150.99
158.21
-1.31%
UBL
2.00
60.47
43.11
-2.33%
LUCK
1.70
77.62
36.64
9.57%
July18, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
3.17
(180.80)
(177.63)
Foreign Corporates
2424.37
(1,542.31)
882.06
Overseas Pakistani
172.72
(851.75)
(679.03)
Grand Total
2600.26
(2,574.85)
25.41
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
15-July-11
18-July-11
Change
Gross Buy
410.76
61.74%
36.24
-28.87%
2.72
2.60
-4.41%
Gross Sell
-331.29
-14.51%
-39.28
67.46%
-2.25
-2.57
-14.22%
Net Buy/(Sell)
79.46
-71.39%
-3.04
-111.05%
0.47
0.02
-95.74%
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

FBR extends date for taxes payment for Karachi residents

Federal Board of Revenue has extended date for payment of taxes, duty and filing of Sales Tax and Federal Excise Duty (FED) returns upto July 22 for the period June 2011, for persons registered in LTU/RTOs, Karachi. more... (BR)

Pakistan's FY10/11 current account surplus at $542mn

Pakistan 's current account surplus for the 2010/11 fiscal year (July-June) was a provisional $542 million, compared with a deficit of $3.946 billion in the 2009/10 fiscal year, the State bank of Pakistan (SBP) said on Monday. more... (BR)

Proposal for currency swap with Iran to boost trade: UNISAME

The Union of Small and Medium Enterprises (UNISAME) has said the proposal of President Asif Ali Zardari for currency swap with Islamic Republic of Iran will boost up trade as it will resolve the problems faced by Pakistani exporters. more... (BR)

THE RUPEE: dollar gains

The rupee managed to gain versus dollar on the currency market on Monday in process of trading, dealers said. INTER-BANK MARKET RATES: The rupee dropped by 18 paisa in terms of the US currency for buying at 86.25 and fell by 20 paisa for selling at 86.30, they said. more... (BR)

 
Company & Sector Update

NEPRA allows KESC to increase tariff

The National Electric Power Regulatory Authority (NEPRA) has allowed Karachi Electric Supply Company (KESC) to increase tariff by Rs 0.24 per unit, Geo News reported. more... (N)

State Life makes ‘bad investments' of Rs300m

Expressing dissatisfaction with investments of more than Rs300 million by the State Life Insurance Corporation (SLIC) in various companies, the Special Committee of the Public Accounts Committee (PAC) on Monday directed its management to submit a complete report in this regard within a month. more... (Tribune)

NA body recommends use of nuclear energy, coal

The National Assembly standing committee on petroleum has recommended the use of nuclear energy and coal as alternative energy sources. more... (Tribune)

No power load-shedding during Sahr-o-Iftar

Pakistan Electric Power Company (PEPCO) has chalked out a Ramadan Package under which there will be no electricity load-shedding during Sahr-o-Iftar. more... (BR)

 
Political

State Bank governor's resignation accepted

Prime Minister Yousuf Raza Gilani accepted on Monday the resignation of State Bank Governor Shahid Kardar. more... (D)

PML-N knew Dr. Ebad would resume office

Pakistan Muslim League-N Information Secretary Ahsan Iqbal reacting to the MQM's decision to have Dr. Ishrat-ul-Ebad resume office as Sindh Governor, said that his party knew this would happen. more... (N)

Hina waits for date to take oath as foreign minister

Hina Rabbani Khar, long tipped to be elevated as foreign minister, is now awaiting a date to take oath. more... (D)

PM to meet Shahbaz Sharif after UK visit

Prime Minister Syed Yusuf Raza Gilani would hold a meeting with Chief Minister Punjab Shahbaz Sharif after his visit to United Kingdom. more... (BR)

 
GCC

Saudi Arabia ups oil output in May to 8.89m bpd

Saudi Arabia, the world's largest crude exporter, produced 8.89 million barrels a day of oil in May, up 0.8 per cent from April, amid reduced demand from Asia, figures from the Joint Organisation Data Initiative showed. more... (Gulf News)

DIFC accounts for 1% of UAE's GDP

Dubai International Financial Centre's sub-economy contributed about 3.6 per cent to the gross domestic product of Dubai while accounting for one per cent of the UAE's GDP. more... (Gulf News)

UAE oil production rose by 80,000 bpd last month

Abu Dhabi The UAE's oil production increased by 80,000 barrels per day (bpd) in June to 2.6 million bpd from 2.42 million bpd in May, latest figures from the Paris-based International Energy Agency (IEA) showed. more... (Zawya)

'Saudi Build' to draw top construction firms

A top construction trade event to be held in Riyadh is set to renew focus on the SR300 billion worth of planned housing projects in the Kingdom. more... (Zawya)

 

Quote of the Day:

" Business, more than any other occupation, is a continual dealing with the future; it is a continual calculation, an instinctive exercise in foresight." Henry R. Luce

 
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-June 11)
$542mn
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
15-JUL-11
18-JUL-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.658
-0.14%
10.48%
10.52%
3.90
     
15-JUL-11
18-JUL-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
849.18
859.00
9.82

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.20
13.31
13.55
13.74
Offer
13.70
13.56
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
13.45
13.50
13.45
13.45
Low  
13.90
13.40
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
13.70
13.87
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
1.07
2.65
2.92
3.03
4.90
8.25
12.53
13.55
Change bps
-2.00
-5.00
1.00
-5.00
1.00
-2.40
-1.00
0.00

Commodities

     
15-JUL-11
18-JUL-11
change
WTI (USD/bbl)    
97.22
96.08
-1.17%
     
Brent (USD/bbl)    
116.77
116.33
-0.37%
     
Arab Light (USD/bbl)    
112.71
111.90
-0.71%

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)
3,840.00
3,700.00
3.78%
KCA Cotton (Rs/mound)
6,200.00
6,000.00
3.33%
International
Current
Previous
Change
Coal Spot(USD/ton)
120.40
121.45
-0.86%
Gold Futures (USD/oz)
1,604.85
1,593.55
0.71%
Sugar 11 (USD/lb)
28.94
28.97
-0.10%
Steel (USD/ton)
742.78
741.25
0.21%
Wheat (CBT) (USD/bu)
689.50
694.75
-0.76%
PTA (USD/ton)
1,180.00
1,155.00
2.16%
Copper (USD/ton)
9,672.75
9,651.25
0.22%

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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.