BasedLine
Date: 21-July-2011
KSE-100 Index
Previous Index 12,433.17
Current Index
12,443.54
Change % -0.08%
YTD (CY11) 3.42%
YTD (FY12) -0.50%
 
KSE-100 Index
Previous Index 21,726.70
Current Index 21,686.46
Change % -0.19%
YTD (CY11) 15.33%
YTD (FY12) 3.58%
International Indicators
 
Close
%age
BSE-30 18,502.38 -0.81
HANGSENG 22,003.69 0.46
NIKKEI 225 10,005.90 1.17
FTSE 5,853.80 1.10
DJIA 12,571.91 -0.12
SSEC 2,794.20 -0.10
NASDAQ 2,814.23 -0.43
 
Close
%age
TASI 6,489.50 0.76
KSE(Kuwait) 6,006.50 0.49
BSE 1,390.73 -0.58
MSM 5,942.81 -0.31
ADX 2,688.32 -0.35
DFM 1,525.83 0.25
QSE 8,388.50 0.07
Capital Market Overview

Market watch: Stock market takes a breather

The stock market flirted near the 12,500 point level on Wednesday but investors booking profits in the final hours of the trading session pulled the bourse down. more... (ET)

NAVs and Returns
as of July 20, 2011
Funds Offer Redemption
POAIIF
51.2229/-
50.7107/-
YTD Return
16.17%
POIAAF
55.01/-
53.63/-
YTD Return
2.64%
POAAAF
52.57/-
51.26/-
YTD Return
1.46%
POAF
11.36/-
YTD Return
19.42%
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
35.28
3,034
66.58
3.66
3.42%
KSE30
6.89
592
57.71
3.50
2.39%
KMI30
5.15
443
34.65
2.83
15.33%
KSE All
38.03
3,271
83.25
3.76
3.05%
July 20, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
196.07
112.07
-0.74%
OGDC
18.35
155.02
158.20
0.66%
UBL
2.00
60.76
43.11
-2.08%
LUCK
1.70
72.60
36.64
3.40%
July 20, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
12.62
(23.13)
(10.50)
Foreign Corporates
2,952.52
(9,626.99)
(6,674.47)
Overseas Pakistani
287.98
(354.70)
(66.72)
Grand Total
3,253.12
(10,004.81)
(6,751.69)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
19-July-11
20-July-11
Change
Gross Buy
410.76
61.74%
36.24
-28.87%
5.47
3.25
-40.58%
Gross Sell
-331.29
-14.51%
-39.28
67.46%
-10.20
-10.00
-1.96%
Net Buy/(Sell)
79.46
-71.39%
-3.04
-111.05%
-4.73
-6.75
-42.71%
S.C.R.A
Country
During the Period FY12TD
19-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
-
-
0.00
Luxembourg
1.91
-
-
7.52
-
-
-5.61
0.37
0.14
0.23
Switzerland
1.80
0.05
-
1.06
-
-
0.79
0.03
0.21
-0.19
UAE
-
-
-
-
-
-
-
-
-
-
UK
4.58
-
-
2.01
-
-
2.57
0.05
0.23
-0.18
USA
10.51
-
-
10.08
-
-
043
1.15
0.53
0.62
Total
19.53
0.05
-
24.19
-
-
-4.61
1.62
1.12
0.50
News Clippings
Economy

Revenue collection: FBR gets the job done

The Federal Board of Revenue (FBR) surpassed the revenue collection target by Rs8.4 billion and collected Rs1,596.4 billion in fiscal 2011 against the target of Rs1,588 billion, according to provisional figures. more... (ET)

Musical chairs: ‘Constant reshuffling in finance ministry hurting economy'

The State Bank of Pakistan needs to investigate the “mysterious rise in remittances” as there are possibilities that money earned through illegal means is being re-routed into the country under the garb of remittances, said renowned economist Dr Ashfaque Hasan Khan. more... (ET)

Chief economist of planning commission resigns

The government's chief economist, Dr Jaffer Qamar, resigned on Wednesday. more... (D)

Economy sneezes as Karachi freezes

MARRIUM, a young mother in early 20s, sits tight on a wooden frame, her hands moving like a lever of an automatic machine, clipping extra threads on Banarsi material fitted on the loom. She works from home and earns Rs50 per piece of five meters silk. more... (D)

Shahid asks world community to support Pakistan economically

An economic expert, Dr. Shahid Hassan Siddiqui asked the world community to support Pakistan economically as Pakistan 's economy affected badly due to global war on terror. more... (BR)

 
Company & Sector Update

Govt borrowing exceeds private sector credit

July 20: The State Bank on Wednesday issued a summary of loan borrowers which indicated that the government was the top borrower during the fiscal year ended on June 30. more... (D)

Egypt gives Pakistan complete access to international markets

Ambassador of Arab Republic of Egypt to Pakistan Magdy Amer on Wednesday said the economic outlook of his country is strong despite recent disturbances. He said that Pakistan businessmen can enjoy access to American, EU and African markets through Egypt which will help us achieve common goal of shared prosperity. more... (D)

Country's reliance on textile for export increases

The country's reliance on the textile sector for exports increased to 56 per cent of total exports compared with 53 per cent in fiscal 2010, according to Federal Bureau of Statistics. The growth has primarily been driven by an astounding 90 per cent increase in cotton prices during the year which impacted the entire textile chain, according to a BMA Capital research note. more... (ET)

SBP realigns functions of EPD to supervise Exchange Companies more effectively

The State Bank of Pakistan (SBP) has with immediate effect realigned the functions of its Exchange Policy Department (EPD). This has been done in order to regulate, supervise and monitor the affairs of the Exchange Companies (Category A & B) in an efficient and more effective manner. more... (BR)

 
Political

Unofficial results: MQM wins Azad Kashmir assembly elections

Candidates of the Muttahida Qaumi Movement (MQM) won the elections for the Azad Jammu and Kashmir Legislative Assembly, according to unofficial results released late on Wednesday. more... (ET)

Gilani says Pakistan's future bright despite odds

Prime Minister Syed Yousuf Raza Gilani on Wednesday said though Pakistan was going through a difficult phase but there was no reason to be pessimistic about its future. "Challenges abound, but so ... more... (BR)

PML-N issues show-cause notice to Anjum Aqeel

The disciplinary committee of the PML-N on Wednesday issued a show-cause notice to MNA Anjum Aqeel Khan, asking him to explain his position regarding the police cases registered against him and his attempt to escape from police custody on July 15, 2011. more... (N)

Rangers deployed to guard KESC

Rangers have been deployed at major installations of KESC across Karachi owing to fear of attacks, Geo News reported. more... (N)

 
GCC

Egypt cabinet to be sworn in Thursday: military official

The new Egyptian cabinet is due to be sworn in on Thursday, a military official said, three days behind schedule after last minute negotiations and the prime minister's admission to hospital. more... (Zawya)

UPDATE: Tax Reforms Should Be Kuwait's Top Fiscal Priority - IMF

DUBAI (Zawya Dow Jones)--Tax reforms should top Kuwait's reform agenda if the oil-rich Gulf Arab state aims to improve further its fiscal framework, the International Monetary Fund said. more... (Zawya)

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)

Kingdom Holding's profit rises 21%

Kingdom Holding, controlled by Saudi billionaire Prince Al Waleed Bin Talal, said second-quarter profit rose 21 per cent as income from investments and dividends increased. Net income climbed to 163.5 million Saudi riyals (Dh160 million) from 135.4 million riyals a year earlier, the Riyadh-based company said yesterday. Six-month earnings rose to 0.07 riyal a share from 0.06 riyal in the year- earlier period. Income from operations advanced 4.7 per cent to 183.5 million riyals. Kingdom Holding "is poised to capitalise on financial and strategic opportunities as they come up," CEO Shadi Sanbar said in a statement. more... (Gulf News)

 

Quote of the Day:

" If you have a task to perform and are vitally interested in it, excited and challenged by it, then you will exert maximum energy. But in the excitement, the pain of fatigue dissipates, and the exuberance of what you hope to achieve overcomes the weariness." Jimmy Carter

 
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
19-JUL-11
20-JUL-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.69
-0.06%
10.50%
10.52%
2.00
     
19-JUL-11
20-JUL-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
845.94
845.94
0.00

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.23
13.32
13.55
13.74
Offer
13.73
13.57
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  
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
86.21
122.76
1.11
139.29
23.55
1.81
0.42

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
2.77
2.94
3.07
4.97
8.28
12.54
13.55
Change bps
0.00
9.00
4.00
2.00
2.00
2.10
2.00
0.00

Commodities

     
19-JUL-11
20-JUL-11
change
WTI (USD/bbl)    
98.22
98.30
0.08%
     
Brent (USD/bbl)    
117.84
117.79
-0.04%
     
Arab Light (USD/bbl)    
112.80
113.74
0.83%

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)
3,812.00
3,814.00
-0.05%
KCA Cotton (Rs/mound)
5,800.00
6,000.00
-3.33%
International
Current
Previous
Change
Coal Spot(USD/ton)
120.40
120.40
-0.86%
Gold Futures (USD/oz)
1,600.50
1,588.45
0.76%
Sugar 11 (USD/lb)
28.92
28.97
-0.17%
Steel (USD/ton)
747.39
746.08
0.18%
Wheat (CBT) (USD/bu)
697.00
693.50
0.50%
PTA (USD/ton)
1,180.00
1,170.00
0.85%
Copper (USD/ton)
9,734.50
9,818.50
-0.86%

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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.