BasedLine
Date: 20-July-2011
KSE-100 Index
Previous Index 12,318.24
Current Index
12,443.54
Change % 1.02%
YTD (CY11) 3.50%
YTD (FY12) -0.42%
KSE-100 Index
Previous Index 21,681.52
Current Index 21,726.70
Change % 0.21%
YTD (CY11) 15.54%
YTD (FY12) 3.78%
International Indicators
 
Close
%age
BSE-30 18,653.87 0.79
HANGSENG 21,902.40 0.45
NIKKEI 225 9,889.72 -0.85
FTSE 5,789.99 -0.65
DJIA 12,587.42 -1.63
SSEC 2,796.98 -0.70
NASDAQ 2,826.52 -2.22
 
Close
%age
TASI 6,444.65 0.27
KSE(Kuwait) 6,004.20 0.52
BSE 1,317.34 -0.08
MSM 5,961.33 -0.31
ADX 2,697.65 -0.35
DFM 1,522.10 -0.73
QSE 8,382.29 -0.70
Capital Market Overview

Bourse climbs ahead of corporate result season

The stock market rose on Tuesday in an active session as investors got into the act ahead of the corporate results season. more... (ET)

NAVs and Returns
as of July 19, 2011
Funds Offer Redemption
POAIIF
51.2087/-
50.6966/-
YTD Return
16.47%
POIAAF
54.93/-
53.56/-
YTD Return
2.51%
POAAAF
52.56/-
51.25/-
YTD Return
1.44%
POAF
11.35/-
YTD Return
19.77%
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
35.31
3,036
75.88
5.21
3.50%
KSE30
6.90
593
60.01
4.94
2.57%
KMI30
5.15
443
38.16
3.68
15.54%
KSE All
38.08
3,274
88.11
5.30
3.14%
July 19, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
197.83
112.07
-0.74%
OGDC
18.35
154.00
158.20
0.66%
UBL
2.00
60.62
43.11
-2.08%
LUCK
1.70
73.25
36.64
3.40%
July19, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
28.09
(32.13)
(4.04)
Foreign Corporates
5,218.96
(9,933.60)
(4,714.63)
Overseas Pakistani
222.03
(231.22)
(9.18)
Grand Total
5,469.08
(10,196.94)
(4,727.86)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
18-July-11
19-July-11
Change
Gross Buy
410.76
61.74%
36.24
-28.87%
2.60
5.47
110.38%
Gross Sell
-331.29
-14.51%
-39.28
67.46%
-2.57
-10.20
-296.89%
Net Buy/(Sell)
79.46
-71.39%
-3.04
-111.05%
0.02
-4.73
-23,750.00%
S.C.R.A
Country
During the Period FY12TD
18-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
-
-
0.92
-
-
-0.39
-
0.33
-0.33
Luxembourg
1.54
-
-
7.38
-
-
-5.84
0.00
0.71
-0.71
Switzerland
1.77
0.05
-
0.85
-
-
0.98
0.03
0.22
-0.19
UAE
-
-
-
-
-
-
-
-
-
-
UK
4.53
-
-
1.78
-
-
2.75
0.04
0.22
-0.19
USA
9.35
-
-
9.54
-
-
-0.19
0.13
1.71
-1.58
Total
17.91
0.05
-
23.08
-
-
-5.11
0.22
3.20
-2.98
News Clippings
Economy

Caught napping: Govt unprepared for IMF visit as fiscal data not ready

The government is not yet ready to face the International Monetary Fund (IMF) due to delay in finalisation of last fiscal year's numbers, says Secretary Finance Dr Waqar Masood, highlighting the mismanagement on the part of economic managers while handling sensitive issues. more... (ET)

Pakistan seeks financial adviser for Iranian pipeline project

Pakistan has invited expressions of interest (EOI) from national and foreign banks for the construction of a proposed $1.2 billion pipeline to pump Iranian natural gas to the energy-starved country, government officials said on Tuesday. more... (D)

ECC meeting: CNG price hike goes up for approval today

The government may approve the increase in Compressed Natural Gas (CNG) prices by Rs8 per kilogramme today (Wednesday) in a bid to discourage use of natural gas in the transport sector and bring some parity in relation with petrol prices. more... (ET)

Iran-Pakistan gas pipeline to be completed by 2012: Dr Asim

The Oil and Gas Regulatory Authority (OGRA) has advised that gas prices be increased by 13.5% and speaking to the media after the meeting of the standing committee on petroleum, Petroleum Minister Dr. Asim Hussain said the Iran-Pakistan gas pipeline project will be completed ahead of schedule. more... (N)

 
Company & Sector Update

Faysal Bank profits skyrocket

Faysal Bank kicked off the earnings season in style by announcing profits that swelled eleven-fold during April to June 2011. more... (ET)

DISCOs directed to recover Rs30bn before Ramazan

Minister for Water and Power Syed Naveed Qamar Tuesday directed the heads of power distribution companies (Discos) to recover at least Rs30 billion by the end of July. more... (BR)

Cut in FED causes illegitimate cigarette production

Illegitimate cigarette are seen in the market in abundance after the reduction of Federal Excise Duty (FED) on filter rods from Rs1 to 20 percent of the value goods. more... (BR)

Gold hits record at Rs51,150 per tola

Gold prices raced to record high level at Rs51,150 per tola in the country, Geo News reported on Tuesday. more... (N)

 
Political

Pakistan's first woman foreign minister sworn in

Pakistan's first woman foreign minister -- and also its youngest -- was sworn in on Tuesday, ending a five-month job vacancy a week before crucial peace talks in India. more... (BR)

Dr. Ebad vows to serve masses

Sindh Governor Dr. Ishratul Ebad Khan has said he arrived back on the directives of MQM Chief Altaf Hussain to reassume office as Governor so as to serve people, Geo News reported. more... (N)

Regional peace: US ‘encouraged' by Pak-India dialogue

US Secretary of State Hillary Clinton said on Tuesday she was ‘encouraged' by recent efforts by India and Pakistan to get their stop-start peace process back on track. more... (ET)

Zardari, Karzai firm on continuing fight against terrorism

During a one-on-one meeting at the Presidential Palace on Tuesday, President Asif Ali Zardari and Afghan President Hamid Karzai reiterated that they would continue the ongoing fight against terrorism and extremism till the restoration of regional peace. more... (ET)

 
GCC

Residents can choose broadband provider

UAE residents will be able to choose freely between etisalat and du for their broadband services by end of the year. more... (Gulf News)

Saudi crude exports touch 7.7m bpd in June

Saudi Arabia's crude oil exports rose to at least 7.7 million barrels per day (bpd) when output hit record highs in June, an industry source said Tuesday. more... (Gulf News)

Consumer prices in UAE rise 1.43%

Consumer prices in the UAE rose 1.43 per cent year-on-year during the first half of 2011, the latest consumer price index (CPI) figures released by the National Bureau of Statistics showed. more... (Zawya)

Tower at airport 'to be Muscat's tallest structure

If everything goes as per the plans, Muscat will be having its tallest edifice - a 97-metre-high air traffic control tower at Muscat International Airport by the end of October 2012. more... (Zawya)

 

Quote of the Day:

" Don't limit yourself. Many people limit themselves to what they think they can do. You can go as far as your mind lets you. What you believe, remember, you can achieve." Mary Kay Ash

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
2.50%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
176.67mn
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- June 11)
$1.92bn
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
18-JUL-11
19-JUL-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.74
0.09%
10.52%
10.50%
-2.20
     
18-JUL-11
19-JUL-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
859.00
845.94
-13.06

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.23
13.32
13.54
13.74
Offer
13.73
13.57
13.79
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  
12.50
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
86.02
121.53
1.0887
138.42
23.47
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
1.09
2.68
2.90
3.05
4.95
8.26
12.52
13.55
Change bps
2.00
3.00
-2.00
2.00
5.00
1.00
-1.00
0.00

Commodities

     
18-JUL-11
19-JUL-11
change
WTI (USD/bbl)    
96.08
98.22
2.22%
     
Brent (USD/bbl)    
116.33
117.84
1.29%
     
Arab Light (USD/bbl)    
111.90
112.80
0.79%

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
43,842.00
43,585.00
0.59%
Rice IRRI -6(Rs/100kg)
3,814.00
3,840.00
-0.68%
KCA Cotton (Rs/mound)
6,000.00
6,200.00
-3.23%
International
Current
Previous
Change
Coal Spot(USD/ton)
120.40
121.45
-0.86%
Gold Futures (USD/oz)
1,588.45
1,604.85
-1.02%
Sugar 11 (USD/lb)
39.06
40.55
-3.66%
Steel (USD/ton)
746.08
742.78
0.44%
Wheat (CBT) (USD/bu)
693.50
689.50
0.58%
PTA (USD/ton)
1,180.00
1,170.00
0.85%
Copper (USD/ton)
9,818.50
9,672.75
1.51%

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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.