BasedLine
Date: 28-July-2011
KSE-100 Index
Previous Index 12,364.06
Current Index
12,265.53
Change % -0.80%
YTD (CY11) 2.02%
YTD (FY12) -1.84%
KSE-100 Index
Previous Index 21,580.26
Current Index
21,323.52
Change % -1.19%
YTD (CY11) 13.40%
YTD (FY12) 1.85%
International Indicators
 
Close
%age
BSE-30 18,432.25 -0.46
HANGSENG 22,541.69 -0.13
NIKKEI 225 10,047.19 -0.50
FTSE 5,856.60 -1.23
DJIA 12,302.55 1.59
SSEC 2,723.49 0.76
NASDAQ 2,764.79 -2.65
 
Close
%age
TASI 6,445.17 -0.49
KSE(Kuwait) 6,065.00 -0.40
BSE 1,304.99 0.39
MSM 5,924.83 -0.36
ADX 2,641.41 -1.22
DFM 1,507.48 -0.28
QSE 8,374.78 -0.31
Capital Market Overview


Market watch: Bourse drops 90 points amid widespread selling

The stock market declined on Wednesday as investors opted to book profits at a higher level. more... (ET)

NAVs and Returns
as of July 27, 2011
Funds Offer Redemption
POAIIF
51.3178/-
50.8046/-
YTD Return
14.57%
POIAAF
54.63/-
53.26/-
YTD Return
1.93%
POAAAF
52.00/-
50.70/-
YTD Return
0.36%
POAF
11.38/-
YTD Return
16.60%
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
34.83
2,995
50.32
3.64
2.02%
KSE30
6.78
584
37.80
3.51
0.86%
KMI30
5.06
435
24.37
2.88
13.40%
KSE All
37.68
3,241
61.22
3.70
1.70%
July 27, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
194.18
112.26
-2.57%
OGDC
17.00
153.66
146.80
0.44%
UBL
2.00
60.82
43.18
-1.76%
LUCK
1.70
72.84
36.70
2.82%
July 27, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
18.16
(34.19)
(16.03)
Foreign Corporates
3,165.39
(7,228.51)
(4,063.12)
Overseas Pakistani
164.10
(144.50)
19.60
Grand Total
3,347.66
(7,407.21)
(4,059.55)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
26-July-11
27-July-11
Change
Gross Buy
460.96
-35.81%
41.72
-28.61%
0.99
3.35
238.38%
Gross Sell
-456.13
10.42%
-67.07
172.24%
-3.27
-7.41
-126.60%
Net Buy/(Sell)
4.84
-98.44%
-25.35
-174.40%
-2.29
-4.06
-77.29%
S.C.R.A
Country
During the Period FY12TD
25-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
-
-
0.99
-
-
-0.31
0.01
0.05
-0.04
Luxembourg
1.95
-
-
15.70
-
-
-13.75
-
5.67
-5.67
Switzerland
4.19
0.06
-
1.06
-
-
3.18
0.09
-
0.09
UAE
0.20
0.23
-
-
-
-
0.43
0.12
-
0.12
UK
5.93
0.09
-
6.64
-
-
-0.62
0.06
0.04
0.02
USA
13.74
-
-
23.99
-
-
-10.25
0.63
4.18
-3.55
Total
26.93
0.37
-
48.38
-
-
-21.07
0.90
9.93
-9.04
News Clippings
Economy

Cabinet okays Rs 65bn bailout package for PEPCO

Federal cabinet, on Wednesday, approved the release of financial support of Rs 65 billion to PEPCO in order to improve the supply of electricity to the people. more... (DT)

Petroleum prices likely to change effective August 1

Petroleum products prices expected to slightly increase, while the diesel price to be slashed effective August 1, 2011. more... (N)

Ship breaking industry fulfills 70pc iron, steel requirements

With the revival of work in Gaddani shipyard in Balochistan, the ship-breaking industry has been currently meeting 70 percent iron and steel requirements of the country, claims a report on Wednesday. more... (BR)

Sindh: flour to be sold at Rs 21 per Kg during Ramazan

Government of Sindh has decided to provide flour to people at subsidized rate of Rs 21 per Kg during the holy month of Ramazan. more... (N)

Pakistani rupee hits record low of 86.58 due to oil payments

The Pakistani rupee fell to a record low on Wednesday on strong demand for the dollar for oil import payments, and dealers said they expected the currency to weaken further in the days ahead. more... (D)

 

 
Company & Sector Update

Govt urged to ask TCP for cotton purchase

Pakistan Agri Forum Chairman Ibrahim Mughal on Wednesday urged the government to mobilize Trading Corporation of Pakistan (TCP) to buy cotton from local market to facilitate the farmers as a target of 15 to 16 million cotton bales was likely to be achieved this year. more... (BR)

National Bank of Pakistan selects IBM for Business Continuity Services

National Bank of Pakistan NBP has selected IBM (NYSE:IBM) for Business Continuity and Resiliency Services (BCRS) to ensure uninterrupted services and protection of crucial data in the event of a disruption. more... (BR)

Auto-clearance of containers restored at ports

The auto-clearance system of containerised cargo at the Model Customs Collectorate of PaCCS, which remained suspended at the Karachi Port and the Port Qasim between Monday night and Tuesday evening was restored by the Agility — the company which owns the software for auto-clearance. more... (D)

Mutual funds grow 25% in fiscal 2011

The mutual funds industry grew of 25% in fiscal 2011 against the preceding year's decline of 2% led by the money market and Islamic income funds category. more... (ET)

 
Political

Pakistan desires genuine interaction with India: Khar

Foreign Minister Hina Rabbani Khar on Wednesday said Pakistan desires a genuine interaction with India in order to maintain cooperative relations. more... (BR)

Commission gets Saleem Shahzad's phone record

The judicial commission investigating the murder of journalist Saleem Shahzad received the unofficial record of his cellphone on Wednesday. more... (D)

Article 190 has already been invoked by SC

What the two successive secretaries of the Establishment Division did on July 1 and July 26 to reverse the transfer orders of Zafar Qureshi and Hussain Asghar respectively from FIA, without the approval of prime minister, was a rare, if not the first, application of Article 190 of the Constitution. more... (N)

Nawaz blasts government for ‘defying' courts

Presenting a charge sheet against the present and previous regimes, the newly elected PML-N President, Mian Muhammad Nawaz Sharif, on Wednesday, castigated the government for defying orders of the apex court, saying that the critical moment had arrived to save the country from destruction. more... (DT)

 
GCC

Ban could create half a million jobs for women

The Labour Ministry's decision to ban salesmen from working in women's accessory and lingerie shops would result in creating at least half a million job opportunities for Saudi women, according to market sources. more... (Gulf News)

Manufacturing, service sectors to increase workforce this year

Private sector organisations in Dubai could start expanding and hiring people during the third quarter, a report said. more... (Gulf News)

Gulf residents would feel the impact of default

As the United States lurches towards fiscal catastrophe, local economists have warned of dire consequences for the GCC if the world's largest economy fails to avoid defaulting on its massive debts. more... (Zawya)

Tourism and fine weather boost Taif real estate market

Every summer Taif Governorate's real estate market gets a welcome boost thanks to its balmy weather and plenty of tourist attractions. Many businessmen and real estate tycoons buy and sell plots of lands and develop them for business purposes. This jacks up prices in Taif during summer, unlike other governorates. more... (Zawya)

 

Quote of the Day:

" Remember the two benefits of failure. First, if you do fail, you learn what doesn't work; and second, the failure gives you the opportunity to try a new approach." Roger Von Oech

 
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
26-JUL-11
27-JUL-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.69
-0.03%
10.52%
10.53%
1.20
     
26-JUL-11
27-JUL-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
856.81
856.47
-0.34

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.21
13.36
13.65
13.74
Offer
13.71
13.61
13.81
14.24

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.75
13.20
13.50
13.50
13.45
13.45
Low  
12.75
13.00
13.30
13.30
13.20
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
86.55
124.36
1.10
140.70
23.50
1.83
0.43

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
13.85
13.95
13.95
13.95
10 Y-PIB
13.95
14.05
14.00
14.05

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
1.07
2.65
2.97
2.98
4.93
8.45
12.61
14.05
Change bps
-2.00
-9.00
0.00
-9.00
-5.00
0.70
0.00
-5.00

Commodities

     
26-JUL-11
27-JUL-11
change
WTI (USD/bbl)    
99.44
97.15
-2.30%
     
Brent (USD/bbl)    
118.40
117.71
-0.58%
     
Arab Light (USD/bbl)    
114.06
113.10
-0.84%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
92.10
97.31
-5.35%
Furnace Oil (Rs/ton)
69,485.16
68,540.94
1.38%
Cement (Rs. Bag Avg)
395.38
402.25
-1.71%
Urea Fertilizer (Rs/bag)
1,529.58
1,408.75
8.58%
Gold 24cr (Rs./10gm) Khi
44,742.00
44,400.00
0.77%
Rice IRRI -6(Rs/100kg)
3,676.00
3,627.00
1.35%
KCA Cotton (Rs/mound)
5,200.00
5,000.00
4.00%
International
Current
Previous
Change
Coal Spot(USD/ton)
118.95
121.45
-2.06%
Gold Futures (USD/oz)
1,613.65
1,619.30
-0.35%
Sugar 11 (USD/lb)
31.13
30.94
0.61%
Steel (USD/ton)
750.61
750.31
0.04%
Wheat (CBT) (USD/bu)
745.25
694.00
7.38%
PTA (USD/ton)
1,205.00
1,170.00
2.99%
Copper (USD/ton)
9,756.00
9,798.00
-0.43%

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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.