BasedLine
Date: 26-July-2011
KSE-100 Index
Previous Index 12,476.77
Current Index
12,394.49
Change % -0.66%
YTD (CY11) 3.09%
YTD (FY12) -0.81%
KSE-100 Index
Previous Index 21,732.03
Current Index
21,642.63
Change % -0.41%
YTD (CY11) 15.09%
YTD (FY12) 3.37%
International Indicators
 
Close
%age
BSE-30 18,871.29 0.80
HANGSENG 22,293.29 -0.68
NIKKEI 225 10,050.01 -0.81
FTSE 5,925.30 -0.16
DJIA 12,592.80 -0.70
SSEC 2,688.75 -2.96
NASDAQ 2,842.80 -0.56
 
Close
%age
TASI 6,472.03 -0.82
KSE(Kuwait) 6,065.30 -0.25
BSE 1,298.95 0.05
MSM 5,939.45 0.22
ADX 2,663.13 -0.89
DFM 1,510.58 -0.65
QSE 8,399.80 -0.04
Capital Market Overview

Market watch: Bourse starts week on subdued note

The stock market declined on Monday due to worsening law and order situation and trading activity remained sluggish as investors wanted to play safe. more... (ET)

NAVs and Returns
as of July 25, 2011
Funds Offer Redemption
POAIIF
51.2941/-
50.7812/-
YTD Return
15.05%
POIAAF
55.04/-
53.66/-
YTD Return
2.70%
POAAAF
52.53/-
51.22/-
YTD Return
1.39%
POAF
11.37/-
YTD Return
16.89%
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
35.20
3,027
24.00
1.33
3.09%
KSE30
6.87
591
15.67
1.20
1.96%
KMI30
5.14
442
8.75
0.74
15.09%
KSE All
38.06
3,274
32.82
1.39
2.76%
July 25, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
192.25
111.98
-3.54%
OGDC
18.35
154.98
147.55
1.30%
UBL
2.00
61.25
43.07
-1.07%
LUCK
1.70
73.50
36.61
3.75%
July 25, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
15.91
(8.99)
6.91
Foreign Corporates
599.35
(1,912.68)
(1,313.33)
Overseas Pakistani
67.29
(60.29)
7.00
Grand Total
682.55
(1,981.96)
(1,299.41)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
22-July-11
25-July-11
Change
Gross Buy
456.63
-35.85%
37.38
-28.23%
2.83
0.68
-75.90%
Gross Sell
-445.44
8.35%
-56.39
148.69%
-6.66
-1.98
-70.22%
Net Buy/(Sell)
11.18
-96.35%
-19.01
-164.10%
-3.82
-1.30
-66.01%
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

Traders optimistic about Pak, India FM's meeting

The people engaged in cross-LoC trade are looking forward to the forthcoming meeting between the foreign ministers of Pakistan and India in New Delhi with so many hopes. more... (BR)

SBP issues subsidy rates on 3rd tranche of rehab loans

The State Bank of Pakistan (SBP) on Monday announced the release of third installment of mark-up rate of subsidy on business loans for the period from January 01 to June 30, 2011 under the Prime Minister's Fiscal Relief Package to rehabilitate the economic life in Khyber Pakhtunkhwa, Federally Administered Tribal Area (FATA) and Provincially Administered Tribal Area (PATA). more... (FD)

SSGC to decide 2-day weekly gas break in Sindh, Balochistan

The Sui Southern Gas Company (SSGC) will decide to start two-day weekly gas break in Sindh and Balochistan.All trade bodies including SITE associations, all chambers and CNG associations, the SSGC official will take final decision for start of 2-day weekly gas break in Sindh and Balochistan, a private news channel reported on Monday.The SSGC officials will meet representatives of all trade bodies in first phase of the meeting today and in second phase they ... more... (BR)

PR suffered Rs26bn losses in FY11

Pakistan Railways suffered Rs26.252 billion losses during the year 2010-11 mainly due to non-rehabilitation of tracks and out of order locomotives. more... (FD)

 
Company & Sector Update

OGRA scraps plan to register LPG distributors

The Oil and Gas Regulatory Authority (Ogra) has said it has scrapped plans to register liquefied petroleum gas (LPG) distributors, which was prompted by growing incidents of gas cylinder blasts, leading to loss of lives and injuries. more... (ET)

Exports of sports and leather goods jump

The demand of Pakistan's sports goods and leather products continued to increase in fiscal year 2010-11 as their exports increased by 8.34% and 17.84%, respectively, according to the Federal Bureau of Statistics (FBS). more... (ET)

Bilateral trade: Govt considers more imports from India

The federal government has decided in principle to allow the import of certain items from India, however, the final decision will be taken by the federal cabinet, after approval of the Economic Coordination Committee (ECC). more... (ET)

Rs5bn subsidy to KESC stopped

A ministerial meeting decided on Monday to stop forthwith its over Rs5 billion monthly support to the Karachi Electric Supply Company as price differential subsidy and to conduct a thorough investigation into its affairs. more... (D)

Gold jumps to all time high at Rs 44,485

Gold jumped by Rs 428 to all time high at Rs 44,485 per 10 grams in the local market Monday, as its international price also surged to record $ 1,621 an ounce, market sources said. more... (N)

 
Political

Rift between KESC, labour union ends

The conflict between the administration of Karachi Electric Supply Company (KESC) and labour union has finally come to an end when both the parties signed a written agreement here in Governor House early on Tuesday after 14-hours of moot, Geo News reported. more... (N)

Pak-US military ties at 'very difficult' crossroads: Mullen

The top US military chief warned Monday that US-Pakistan military-to-military ties were at a "very difficult" crossroads, allowing that a path to progress on that front was not yet clear. more... (N)

45 AJK lawmakers take oath

Azad Jammu and Kashmir Legislative Assembly's newly elected 45 members have taken oath on Monday. Pakistan People's Party (PPP) candidate Sardar Ghulam Sadiq has been elected speaker and Shaheen Kausar Dar deputy speaker of Azad Jammu & Kashmir (AJK) Assembly. more... (FD)

Abbottabad Panel: US violated Pakistan's trust, says DGMO

The United States abused Pakistan’s trust and the army was taken by surprise on the day American troops carried out a covert operation to kill al Qaeda chief Osama bin Laden in Abbottabad, Director-General of Military Operations (DGMO) Major General Ashfaq Nadeem told an inquiry panel probing the matter on Monday. more... (ET)

 
GCC

Takaful and Islamic Insurance Sector Growth to Reach $25 Billion by 2015

The size of the Global Takaful and Islamic Insurance sector is predicted to reach $12 billion dollars by the end of the current year compared to $9.14 billion last year and about $8 billion in 2009. more... (Zawya)

Margin trading to be introduced on MSM soon

The market watchdog Capital Market Authority (CMA) is seriously considering the reintroduction of margin trading, with certain conditions, to prop up traded volumes on the local bourse. more... (Zawya)

Iran electricity export soars 16.5%

TEHRAN - Iran has exported over 2,402 GW/h of electricity since the beginning of the current Iranian calendar year (March 21).The amount shows 16.5 percent increase in comparison to the corresponding period previous year, the Islamic Republic of Iran Broadcasting reported. more... (Zawya)

Emirates NBD posts Dh744m net profit in second quarter

Emirates NBD, the UAE's biggest lender by assets on Monday reported a net profit of Dh744 million in the second quarter of the year, up 85 per cent compared to Dh403 million reported in the same period last year. more... (Gulf News)

 

Quote of the Day:

" There are no secrets to success. It is the result of preparation, hard work, learning from failure. "Colin Powell "

 
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
22-JUL-11
25-JUL-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.69
0.02%
10.52%
10.52%
-0.10
     
22-JUL-11
25-JUL-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
847.64
840.91
-6.74

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.27
13.35
13.56
13.74
Offer
13.77
13.60
13.81
14.24

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.90
13.70
13.60
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
86.15
123.86
1.10
140.40
23.45
1.81
0.42

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.50
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
14.05
13.90
10 Y-PIB
13.75
13.55
13.75
13.55

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
1.10
2.76
3.02
3.05
4.94
8.29
12.63
13.55
Change bps
0.00
-7.00
3.00
-6.00
1.00
2.00
8.00
0.00

Commodities

     
22-JUL-11
25-JUL-11
change
WTI (USD/bbl)    
98.97
99.53
0.56%
     
Brent (USD/bbl)    
117.85
117.97
0.10%
     
Arab Light (USD/bbl)    
113.45
113.43
0.00%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
92.10
97.31
-5.35%
Furnace Oil (Rs/ton)
68,485.16
68,540.94
1.38%
Cement (Rs. Bag Avg)
395.38
402.25
-1.71%
Urea Fertilizer (Rs/bag)
1,529.28
1,408.75
8.58%
Gold 24cr (Rs./10gm) Khi
43,485.00
43,885.00
1.37%
Rice IRRI -6(Rs/100kg)
3,603.00
3,532.00
2.01%
KCA Cotton (Rs/mound)
5,200.00
5,500.00
-5.45%
International
Current
Previous
Change
Coal Spot(USD/ton)
118.95
121.45
-2.06%
Gold Futures (USD/oz)
1,614.15
1,604.85
0.58%
Sugar 11 (USD/lb)
30.74
31.34
-1.91%
Steel (USD/ton)
750.33
742.78
1.02%
Wheat (CBT) (USD/bu)
688.50
689.50
-0.15%
PTA (USD/ton)
1,205.00
1,170.00
2.99%
Copper (USD/ton)
9,633.00
9,672.75
-0.41%

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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.