BasedLine
Date: 22-July-2011
KSE-100 Index
Previous Index 12,433.17
Current Index
12,474.76
Change % 0.33%
YTD (CY11) 3.76%
YTD (FY12) -0.17%
 
KSE-100 Index
Previous Index 21,686.46
Current Index 21,683.27
Change % -0.01%
YTD (CY11) 15.31%
YTD (FY12) 3.57%
International Indicators
 
Close
%age
BSE-30 18,436.19 -0.36
HANGSENG 21,987.29 -0.07
NIKKEI 225 10,010.39 0.04
FTSE 5,899.89 0.79
DJIA 12,724.41 1.21
SSEC 2,765.89 -1.01
NASDAQ 2,834.43 0.72
 
Close
%age
TASI 6,489.50 0.76
KSE(Kuwait) 6,077.90 0.74
BSE 1,303.27 -0.49
MSM 5,942.81 -0.31
ADX 2,693.27 0.18
DFM 1,523.42 -0.16
QSE 8,393.25 0.06
Capital Market Overview

Market watch :Banks lead stock market upwards

The stock market continued its upward trend led by banking stocks as late buying in MCB Bank and National Bank of Pakistan (NBP) helped the index gain. more... (ET)

NAVs and Returns
as of July 21, 2011
Funds Offer Redemption
POAIIF
51.2372/-
50.7248/-
YTD Return
15.90%
POIAAF
55.06/-
53.68/-
YTD Return
2.74%
POAAAF
52.61/-
51.29/-
YTD Return
1.52%
POAF
11.36/-
YTD Return
19.08%
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
35.40
3,044
53.97
3.10
3.76%
KSE30
6.90
593
32.92
2.86
2.55%
KMI30
5.14
442
18.68
2.38
15.31%
KSE All
38.24
3,289
70.32
3.24
3.39%
July 21, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
197.25
112.07
-0.74%
OGDC
18.35
154.49
158.20
0.66%
UBL
2.00
60.79
43.11
-2.08%
LUCK
1.70
72.88
36.64
3.40%
July 21, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
19.03
(16.13)
(2.90)
Foreign Corporates
649.60
(7,622.26)
(6,972.66)
Overseas Pakistani
93.31
(165.13)
(71.82)
Grand Total
761.94
(7,803.52)
(7,041.58)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
20-July-11
21-July-11
Change
Gross Buy
453.11
-34.89%
33.87
-6.61%
3.25
0.76
-76.56%
Gross Sell
-436.81
7.98%
-47.75
196.87%
-10.00
-7.80
-21.96%
Net Buy/(Sell)
16.30
-94.51%
-13.89
-168.26%
-6.75
-7.04
4.32%
S.C.R.A
Country
During the Period FY12TD
20-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
-
-
-
Luxembourg
1.95
-
-
7.72
-
-
-5.77
0.04
0.19
-0.15
Switzerland
2.17
0.06
-
1.06
-
-
1.16
0.37
-
0.37
UAE
-
-
-
-
-
-
-
-
-
-
UK
4.58
0.02
-
2.39
-
-
2.21
0.02
0.38
-0.35
USA
10.96
-
-
14.51
-
-
-3.54
0.46
4.43
-3.97
Total
20.41
0.08
-
29.20
-
-
-8.71
0.90
5.00
4.10
News Clippings
Economy

US Congress sends mixed signals on aid

The US Congress sent a mixed signal to Pakistan on Thursday, rejecting one move to restrict aid to the country while supporting the other.The development came amid a warning from the new CIA chief not to push Pakistan too hard as the country had already poked “a lot of short sticks in hornets' nests”. more... (D)

Plan to raise power tariff, cut subsidies

With no respite in sight from power outages, officials in the finance and power ministries are toying with the idea of further increasing the electricity tariff and reducing subsidy on tubewells in Balochistan, besides improving recoveries, in order to create fiscal space for reduction in the circular debt. more... (D)

FPCCI for supporting leasing sector

Chairman Coordination, Federation of Pakistan Chamber of Commerce and Industry (FPCCI), Raza Khan on Thursday urged the government to announce a bailout package for leasing sector. more... (BR)

Rs900 million for Thar coal power project

Finance Minister Abdul Hafeez Shaikh said on Thursday that Rs900 million had been approved for the Thar coal gasification project to generate 100MW of electricity. more... (D)

 

 
Company & Sector Update

Textile exports surge over 35pc during last fiscal year

The textile exports surge by 35.06 percent during the fiscal year 2010-11 as compared to the exports of 2009-10, Federal Bureau of Statistics (FBS) reported. more... (BR)

ARL plans to enhance crude oil refining capacity

The Attock Oil Refinery (ARL) has planned to expand its existing crude oil refining capacity through pre-flash unit and Isomerization Unit, which would cost $100 millions. more... (BR)

Telecoms nostalgic for robust FDI

The telecom sector in the country has attracted merely $79.1 million foreign direct investment (FDI) in the fiscal year 2010-11, showing a declining trend as compared to previous years. more... (FD)

CDA-Bahria Town nexus: A tale of two enclaves

Instead of giving proper attention to the Park Enclave project which was launched amid much hype, the planning director of the Capital Development Authority (CDA) is busy “ensuring success” for the Bahria Enclave , it has been learnt. The latter is a housing project owned by an influential realtor. more... (ET)

 
Political

Army's expanding footprint: NLC allowed to bid for state-owned construction firm

In what appears to be a setback to the efforts to limit the military's footprint in the economy, the government on Thursday allowed the National Logistics Cell (NLC) – the army's commercial logistics arm – to bid for a state-owned construction company, in violation of the NLC charter. more... (ET)

Abbottabad commission: ‘Findings might take time to be revealed'

A member of the commission empowered to probe the May 2 incident of Abbottabad, Lt General (retd) Nadeem Ahmad, said that the commission's findings might take time to be released to the public. more... (ET)

Malik proposes APC on Karachi violence

Federal Interior Minister Rehman Malik has proposed an all-party parliamentary committee to investigate the violence in Karachi and expressed his readiness to present the arrested murder suspects before it. more... (D)

Pak embassy in US biggest spender among missions

The Pakistan embassy in Washington leads in terms of annual expenditures among all 121 foreign missions which the country maintains throughout the world, the National Assembly was informed on Thursday. more... (D)

 
GCC

Saudi Prince Alwaleed Calls For Reforms For More Openness

Prince Alwaleed bin Talal of Saudi Arabia on Friday called for political reforms in the Arab state to encourage greater participation by the people and by women in particular, saying Saudi Arabia "cannot be insulated" from broader changes happening in the Arab world. more... (Zawya)

'Property prices to fall 10% on oversupply'

Dubai's housing market still has nearly a third too much supply and prices will plummet by another 10 per cent, a Reuters poll showed on Wednesday. more... (Zawya)

CBD profits up 2% in first half

Commercial Bank of Dubai (CBD) said on Thursday its net profit in the first half rose two per cent to Dh523 million from Dh513m for the same period last year. more... (Zawya)

Rally in Gulf Finance lifts Kuwait bourse for third day

Kuwait-listed Gulf Finance House soared yesterday after its chairman sold a $1.4 million (Dh5.138 million) stake in the firm, helping the country's index gain for a third straight day. more... (Gulf News)

 

Quote of the Day:

" A business is successful to the extent that it provides a product or service that contributes to happiness in all of its forms. "Mihaly Csikszentmihalyi"

 
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
20-JUL-11
21-JUL-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.69
-0.06%
10.50%
10.52%
2.00
     
20-JUL-11
21-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
86.20
122.91
1.09
139.24
23.47
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

     
20-JUL-11
21-JUL-11
change
WTI (USD/bbl)    
98.30
99.58
1.30%
     
Brent (USD/bbl)    
117.79
117.92
0.11%
     
Arab Light (USD/bbl)    
113.74
113.48
-0.23%

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)
29.85
28.92
3.21%
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.