BasedLine
Date: 25-July-2011
KSE-100 Index
Previous Index 12,474.76
Current Index
12,476.77
Change % 0.02%
YTD (CY11) 3.78%
YTD (FY12) -0.15%
 
KSE-100 Index
Previous Index 21,683.27
Current Index 21,732.03
Change % 0.22%
YTD (CY11) 15.57%
YTD (FY12) 3.80%
International Indicators
 
Close
%age
BSE-30 18,722.30 1.55
HANGSENG 22,444.80 2.08
NIKKEI 225 10,132.11 1.22
FTSE 5,935.00 0.59
DJIA 12,681.16 -0.34
SSEC 2,770.79 0.18
NASDAQ 2,858.83 0.86
 
Close
%age
TASI 6,625.34 0.04
KSE(Kuwait) 6,080.40 0.04
BSE 1,298.35 -0.38
MSM 5,926.43 -0.28
ADX 2,687.17 -0.23
DFM 1,520.47 -0.19
QSE 8,403.09 0.12
Capital Market Overview

Weekly review: KSE-100 makes solid gains ahead of earnings season

Activity returned to the market ahead of the corporate earnings season as the benchmark KSE-100 index climbed 1.1% (130 points) to close at 12,477 points during the week ended July 22. more... (ET)

NAVs and Returns
as of July 22, 2011
Funds Offer Redemption
POAIIF
51.2514/-
50.7389/-
YTD Return
15.66%
POIAAF
55.11/-
53.73/-
YTD Return
2.83%
POAAAF
52.64/-
51.32/-
YTD Return
1.58%
POAF
11.36/-
YTD Return
18.78%
Funds Rating
AMC
AM3
POAIIF
A+ (f)
POAF
AA-
  June -11 May -11
MoM (%)
AUM's (PKR bn) 221.51 220.07 0.66%
No of AMCs 26 28 -7.14%
No of Funds 117 117 0.00%
KSE Market Data
KSE Market Data
Capitalization
Volume
Traded Val.
KSE Return
 
(USD bn)
(Rs. bn)
(Sh. mn)
(Rs.bn)
(YTD)
KSE100
35.40
3,045
57.82
3.53
3.78%
KSE30
6.92
595
41.63
3.35
2.84%
KMI30
5.16
443
24.63
2.54
15.57%
KSE All
38.25
3,289
126.25
3.61
3.41%
July 22, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
197.40
111.98
-0.95%
OGDC
18.35
155.83
147.55
1.86%
UBL
2.00
61.28
43.07
-1.02%
LUCK
1.70
74.57
36.61
5.27%
July 22, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
53.91
(31.55)
(22.37)
Foreign Corporates
2,617.25
(6,407.06)
(3,789.81)
Overseas Pakistani
161.48
(216.50)
(55.02)
Grand Total
2,832.64
(6,655.10)
(3,822.46)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
21-July-11
22-July-11
Change
Gross Buy
455.94
-34.60%
36.70
-2.21%
0.76
2.83
271.77%
Gross Sell
-443.46
9.53%
-54.41
230.90%
-7.80
-6.66
-14.72%
Net Buy/(Sell)
12.48
-95.81%
-17.71
-183.30%
-7.04
-3.82
-45.72%
S.C.R.A
Country
During the Period FY12TD
22-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
0.68
-
-
0.94
-
-
-0.26
0.07
0.00
0.07
Luxembourg
1.95
-
-
10.03
-
-
-8.08
0.00
1.92
-1.91
Switzerland
4.10
0.06
-
1.06
-
-
3.10
1.89
-
1.89
UAE
0.08
0.23
-
-
-
-
0.31
-
-
-
UK
5.87
0.09
-
6.59
-
-
-0.64
0.13
3.93
-3.73
USA
13.11
-
-
19.81
-
-
-6.70
0.25
3.34
-3.10
Total
26.03
0.37
-
41.05
-
-
-14.65
2.36
9.20
-6.77
News Clippings
Economy

Pakistan likely to seek new IMF programme

With their inability to meet thrice-revised revenue target, the economic managers are uncertain about the remaining part of $11.3 billion programme of the International Monetary Fund. And they are likely to request for a fresh programme which, if approved, will be with even more stringent conditions. more... (D)

Power tariff to be raised by 2pc: minister

Minister for Water and Power Syed Naveed Qamar has rejected reports that power tariff is being increased by six per cent, saying there is a proposal to raise it by only two per cent which is necessary. more... (D)

1,900 km roads damaged by floods repaired so far

1,900 kms of roads affected by the last year's flood in the province, repaired so far. This was informed to the Senior Sindh Minister for Works and Services Dr. Zulfikar Mirza at a briefing here on Saturday. An official of the Department said that 2,352 kms of provincial roads and 27 service bridges had been damaged due to unprecedented floods 2010 in Sindh. more... (BR)

Between a rock and a hard place: Security, regulated pricing squeezing opportunities for gas sector

Pakistan's energy industry – despite operating in a country with a large and rapidly expanding demand – has been struggling for two reasons: even as the deteriorating security situation in the country keeps raising their costs of new explorations, the government refuses to deregulate prices, forcing them to sell their product at below-market rates. more... (ET)

 

 
Company & Sector Update

PSO seeks Rs40bn to avoid default

The Pakistan State Oil has sought Rs40 billion to avoid default on LCs (letters of credit) for payments to overseas suppliers, including the Kuwait Petroleum Company (KPC). more... (D)

Textile city to create 80 thousand jobs: Dr Hafeez

Finance Minister Dr Abdul Hafeez Sheikh on Saturday said that textile city in Karachi would create 80 thousands jobs, Geo News reported. more... (N)

POL products output down 2pc in

The production of petroleum products during May 2011 witnessed negative growth of 2.11 per cent as compared to the same month of the last year. more... (FD)

State Bank allows relaxations in Export Finance Scheme to facilitate exporters

State Bank of Pakistan SBP has allowed some relaxations in Export Finance Scheme EFS for the benefit of exporters whose export proceeds are overdue. more... (D)

ZTBL to issue loans among farmers till end of July

The disbursement of agriculture loans among small farmers for current season would continue under one window operation by Zarai Taraqiati Bank Limted (ZTBL) till end of current month. more... (BR)

 

 
Political

Pakistan to defy regional hegemony of India: Hina Rabbani Khar

Foreign Minister Hina Rabbani Khar said that Pakistan is a sovereign state and it would not accept hegemony of any country in the region. more... (BR)

'Pakistan will send judicial commission to probe Mumbai attacks'

Interior Minister Rehman Malik says Islamabad will send a judicial commission to India to probe the Mumbai attacks. more... (ET)

Car theft don who wants to expose all but fears for his life

An underworld don, involved in the multi-billion car theft trade in the country, has volunteered to name and expose the powerful mafia players who, according to him, include several police officials, Excise Department personnel, private businessmen and some political figures. But the don fears for his life for which he is seeking protection.
more... (N)

Sindh govt fails to restore pace in Khi: Malik

Interior minister Senator Rehman Malik has said the coalition government in Sindh has been ‘miserably failed' to ensure peace in Karachi. more... (FD)

 
GCC

Markets should get boost from Greece's rescue

The region's stock markets are likely to get a boost in the week ahead on the successful rescue plan for Greece drawn up by fellow Eurozone member countries, say market analysts. more... (Zawya)

Oman Cables net earnings slip 27 per cent

Oman Cables Industry (OCI), the region's leading producer of high quality cables, said its net profit fell 27.3 per cent to RO3 million for the first half of 2011 from RO4.1 million for the same period last year. more... (Zawya)

Emal board clears $4.5b investment

The board of Emirates Aluminium (Emal) has approved a $4.5 billion (Dh16.51 billion) investment that seeks to almost double the Al Taweelah-based facility's production capacity to about 1.3 million metric tonnes a year by the end of 2014, Emal said yesterday. more... (Gulf)

Iraq inks $6.5 billion refinery deal

Iraq's oil ministry has signed an agreement with the Refinery of Karbala Corporation Ltd, which will build a refinery in central Iraq's Karbala region that could potentially cost $6.5 billion (Dh24 billion) when completed in four years. 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 FY12E
4.20%
GDP -2010
$176 bn
Per Capita Income FY10
$ 1,051
Population
176.71mn
US$ Reserves (July 16, 2011)
$18.23bn
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 10- June 11) 13.92%
   
NFNE Core INFL - YoY (June 11) 10.40%
   
NFNE Core INFL -FY11 (Jul-June 11) 9.70%

Money Market

 
Price
Change
21-JUL-11
22-JUL-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.69
-0.06%
10.52%
10.52%
0.00
     
21-JUL-11
21-JUL-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
845.94
845.94
-

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.28
13.34
13.56
13.75
Offer
13.78
13.59
13.81
13.25

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  
13.50
13.50
13.30
13.30
13.20
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
86.16
124.27
1.11
140.61
23.50
1.81
0.42

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.48
13.72
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
1.10
2.83
2.99
3.11
4.93
8.27
12.55
13.55
Change bps
-1.00
-5.00
-1.00
-6.00
-7.00
0.00
-3.00
0.00

Commodities

     
22-JUL-11
25-JUL-11
change
WTI (USD/bbl)    
99.58
98.97
0.61%
     
Brent (USD/bbl)    
117.92
117.85
-0.06%
     
Arab Light (USD/bbl)    
113.48
113.45
-0.47%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
92.10
94.11
-5.35%
Furnace Oil (Rs/ton)
68,696.36
68,540.94
0.23%
Cement (Rs. Bag Avg)
395.75
402.25
-1.62%
Urea Fertilizer (Rs/bag)
1,444.56
1,408.75
2.54%
Gold 24cr (Rs./10gm) Khi
43,885.00
43,971.00
-0.20%
Rice IRRI -6(Rs/100kg)
3,532.00
3,735.00
-5.44%
KCA Cotton (Rs/mound)
5,500.00
5,700.00
-3.51%
International
Current
Previous
Change
Coal Spot(USD/ton)
120.40
120.40
-0.86%
Gold Futures (USD/oz)
1,604.85
1,590.70
0.89%
Sugar 11 (USD/lb)
31.34
29.85
4.99%
Steel (USD/ton)
742.78
748.00
-0.70%
Wheat (CBT) (USD/bu)
689.50
677.25
1.81%
PTA (USD/ton)
1,180.00
1,170.00
0.85%
Copper (USD/ton)
9,672.75
9,659.59
0.13%

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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.