BasedLine
Date: 29-July-2011
KSE-100 Index
Previous Index 12,265.53
Current Index
12,098.05
Change % -1.37%
YTD (CY11) 0.63%
YTD (FY12) -3.18%
KSE-100 Index
Previous Index 21,060.24
Current Index
21,323.52
Change % -1.23%
YTD (CY11) 12.00%
YTD (FY12) 0.59%
International Indicators
 
Close
%age
BSE-30 18,209.52 -1.21
HANGSENG 22,570.74 0.13
NIKKEI 225 9,901.35 -1.45
FTSE 5,873.20 0.28
DJIA 12,240.11 -0.51
SSEC 2,708.78 -0.54
NASDAQ 2,766.25 0.05
 
Close
%age
TASI 6,445.17 -0.49
KSE(Kuwait) 6,036.00 -0.48
BSE 1,298.50 -0.50
MSM 5,848.66 -1.29
ADX 2,627.99 -0.51
DFM 1,506.13 -0.09
QSE 8,377.00 0.03
Capital Market Overview

Market Watch: Bourse dips to two-month low

The stock market declined to its lowest point in two months on Thursday as fears over the United States defaulting gripped an already weak local market. more... (ET)

NAVs and Returns
as of July 28, 2011
Funds Offer Redemption
POGSF
10.0103/-
10.0103/-
YTD Return
n/a
POAIIF
51.3320/-
50.8187/-
YTD Return
14.43%
POAAAF
51.72/-
50.43/-
YTD Return
-0.18%
POIAAF
54.37/-
53.01/-
YTD Return
1.45%
POAF
11.38/-
YTD Return
16.41%
Funds Rating
AMC
AM3
POAIIF
A+ (f)
POAF
AA-
  Jun-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
34.35
2,954
50.71
3.84
0.63%
KSE30
6.68
574
38.96
3.68
-0.74%
KMI30
5.00
430
25.29
2.87
12.00%
KSE All
37.19
3,198
64.32
3.94
0.36%
July 28, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
188.30
112.41
-5.52%
OGDC
16.76
150.63
144.92
-1.54%
UBL
2.00
60.13
43.24
-2.88%
LUCK
1.70
72.94
36.75
2.96%
July 28, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
71.96
(25.66)
46.30
Foreign Corporates
2,801.80
(7,326.54)
(4,524.74)
Overseas Pakistani
252.36
(247.41)
4.94
Grand Total
3,126.12
(7,599.61)
(4,473.50)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
27-July-11
28-July-11
Change
Gross Buy
410.76
61.74%
36.24
-28.87%
3.35
3.13
-6.57%
Gross Sell
-331.29
-14.51%
-39.28
67.46%
-7.41
-7.60
-2.56%
Net Buy/(Sell)
79.46
-71.39%
-3.04
-111.05%
-4.06
-4.47
-10.10%
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

Pakistan's forex reserves rise to a record $18.30 billion

Pakistan's foreign exchange reserves rose to a record $18.30 billion in the week ending July 23, from $18.23 billion the previous week, a senior central bank official said on Thursday. The previous record was in week ending July 2 and at $18.25 billion. more... (D)

Gold eases at Rs44,657

Gold slipped by Rs85 to close at Rs44,657 per 10 grams in the local market Thursday after touching peak, as its international price closed lower at $1,616 an ounce, market sources said more... (BR)

SBP to unveil Monetary Policy Statement on July 30

State Bank of Pakistan (SBP) Acting Governor Yaseen Anwar will unveil Monetary Policy Statement at press conference on July 30, 2011 at 4.pm at SBP Learning Resource Centre Auditorium, KarachI. more... (BR)

Pak-China initiative: Funds approved for rebuilding Karakoram Highway

Prime Minister Yousaf Raza Gilani has approved funds of $90 million for the reconstruction of a portion of Karakoram Highway (KKH) that was submerged by massive landslides in Gilgit-Baltistan (G-B) early last year. The credit to repair the strategic highway has been provided by the Chinese government as part of a larger grant for flood reconstruction activities in communication, energy and transport sectors. more... (ET)

 

 

 
Company & Sector Update

Cuts in PSDP led to power, water crises: govt

The government has conceded playing a key role in prolonging economic recession in the country by repeatedly cutting down the Public Sector Development Programme (PSDP), resulting in energy and water shortages and unemployment in the country. more... (D)

KESC resumes operation, appreciates Governor's role to end unrest

The Karachi Electric Supply Company (KESC) has appreciated the Sindh Governor and the City Administration for their positive input into resumption of repair and maintenance work that will provide great relief to the outage-stricken general public of Karachi . more... (BR)

Nokia launches Ramazan mobile Apps

Nokia has announced the launch of a new range of mobile applications for the holy month of Ramazan. The applications have been specifically developed and designed for the month of Ramadan and include features that provide an opportunity to the customers to utilize their free time by gaining religious knowledge. 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)

 
Political

PPP, allies decide not to back off

Partners in the ruling coalition decided on Thursday to defend the ‘supremacy of parliament' and not to back off on the crucial issue of the authority of the executive. more... (D)

Provinces to build own power houses: Gilani

Prime Minister Syed Yusuf Raza Gilani Thursday said the government was undertaking long and short term measures to address its energy needs and has permitted the provinces to build their own power houses, to meet the shortfall. . more... (BR)

Complying with Orders: Court gives govt one more day

The Supreme Court has given the government one more day to obey its directives, including the reinstatement of a top bureaucrat, a written response by the prime minister and bringing back the chief investigator of the Hajj corruption scam. more... (ET)

Government respects all institutions: PM

Rubbishing clash between institutions as ‘speculations', Prime Minister Yousaf Raza Gilani, on Thursday, said the present government respected all institutions. “We restored the 1973 constitution, which is a sufficient proof that we want to build institutions.more... (DT)

 
GCC

Abu Dhabi rents cool on supply

News of falling rents in Abu Dhabi does not sound implausible any more with a number of developments across the capital steadily coming online more... (Gulf News)

Food and transport costs pushes Qatar inflation up

Rising food and transport costs pushed annual inflation in Qatar to a four-month high of 1.8 per cent in June, data showed yesterday. . more... (Gulf News)

British oil company make $588m Kurdistan aquisition

British oil company, Afren, is making moves into Iraq with a US$588m purchase of fields in Kurdistan, the Daily Telegraph reports.
more... (Zawya)

Al Rajhi Bank in Jordan plans to expand operations

kAl Rajhi Bank in Jordan plans to expand its operations in Jordan and at the regional level, Tarek Akel, the bank's chief executive officer said on Wednesday. more... (Zawya)

 

Quote of the Day:

" A culture of discipline is not a principle of business; it is a principle of greatness." Jim Collins

 
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
27-JUL-11
28-JUL-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.69
0.12%
10.53%
10.51%
-2.90
     
27-JUL-11
28-JUL-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
856.47
844.09
-12.38

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.25
13.37
13.56
13.75
Offer
13.75
13.62
13.81
14.25

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
86.49
123.54
1.12
140.96
23.55
1.83
0.43

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.60
13.75
13.90
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
1.09
2.65
2.95
2.96
4.81
8.47
12.61
14.05
Change bps
2.00
0.00
-2.00
-2.00
-12.00
1.70
0.00
0.00

Commodities

     
27-JUL-11
28-JUL-11
change
WTI (USD/bbl)    
97.15
97.02
-0.13%
     
Brent (USD/bbl)    
117.71
117.31
-0.33%
     
Arab Light (USD/bbl)    
113.10
112.76
-0.30%

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
44,657.00
44,724.00
-0.19%
Rice IRRI -6(Rs/100kg)
3,675.00
3,676.00
-0.03%
KCA Cotton (Rs/mound)
5,500.00
5,200.00
5.77%
International
Current
Previous
Change
Coal Spot(USD/ton)
118.95
121.45
-2.06%
Gold Futures (USD/oz)
1,615.65
1,613.65
0.14%
Sugar 11 (USD/lb)
29.92
31.13
3.80%
Steel (USD/ton)
750.61
750.31
0.04%
Wheat (CBT) (USD/bu)
750.18
745.25
-1.38%
PTA (USD/ton)
1,205.00
1,170.00
2.99%
Copper (USD/ton)
9,794.00
9,756.00
0.39%

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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.