BasedLine
Date: 01-August-2011
KSE-100 Index
Previous Index 12,098.05
Current Index
12,190.37
Change % 0.76%
YTD (CY11) 1.40%
YTD (FY12) -2.45%
KSE-100 Index
Previous Index 21,323.52
Current Index
21,203.61
Change % 0.68%
YTD (CY11) 12.76%
YTD (FY12) 1.28%
International Indicators
 
Close
%age
BSE-30 18,197.20 -0.07
HANGSENG 22,440.25 -0.58
NIKKEI 225 9,833.03 -0.69
FTSE 5,815.20 -0.98
DJIA 12,143.24 -0.79
SSEC 2,701.73 -0.26
NASDAQ 2,756.38 -0.36
 
Close
%age
TASI 6,392.13 0.57
KSE(Kuwait) 6,030.60 -0.09
BSE 1,291.66 -0.53
MSM 5,808.03 -0.69
ADX 2,619.70 -0.32
DFM 1,517.58 0.76
QSE 8,402.86 0.31
Capital Market Overview

Weekly review: Bourse plummets on foreign selling

The market suffered as local investors remained cautious and foreigners offloaded $12 million during the week, in line with regional peers.more... (ET)

NAVs and Returns
as of July 29, 2011
Funds Offer Redemption
POGSF
10.0119/-
10.0119/-
YTD Return
24.24%
POAIIF
51.3487/-
50.8352/-
YTD Return
14.37%
POAAAF
51.86/-
50.56/-
YTD Return
0.08%
POIAAF
54.44/-
53.08/-
YTD Return
1.59%
POAF
11.38/-
YTD Return
16.28%
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 119 117 1.71%
KSE Market Data
KSE Market Data
Capitalization
Volume
Traded Val.
KSE Return
 
(USD bn)
(Rs. bn)
(Sh. mn)
(Rs.bn)
(YTD)
KSE100
34.62
2,977
34.08
2.61
1.40%
KSE30
6.71
577
23.13
2.50
-0.24%
KMI30
5.03
433
14.73
1.74
12.76%
KSE All
37.45
3,221
46.17
2.66
1.08%
July 29, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
186.43
112.54
-6.46%
OGDC
16.54
153.85
143.19
0.56%
UBL
2.00
60.69
43.29
-1.97%
LUCK
1.70
73.12
36.79
3.22%
July 29, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
26.71
(9.63)
17.07
Foreign Corporates
7,547.22
(7,458.20)
89.02
Overseas Pakistani
190.78
(141.77)
49.01
Grand Total
7,764.70
(7,609.60)
155.11
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
28-July-11
29-July-11
Change
Gross Buy
471.85
-35.40%
52.61
-1.18%
3.13
7.76
147.9%
Gross Sell
-471.34
12.38%
-82.28
-12.88%
-7.60
-7.61
0.13%
Net Buy/(Sell)
0.52
-99.84%
-29.67
-27.99%
-4.47
0.15
96.64%
S.C.R.A
Country
During the Period FY12TD
28-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
-
-
1.17
-
-
-0.49
-
0.07
-0.07
Luxembourg
2.91
-
-
19.98
-
-
-17.07
0.46
0.37
-0.33
Switzerland
4.98
0.05
-
1.20
-
-
3.84
0.34
-
0.33
UAE
0.35
0.23
-
-
-
-
0.58
0.15
-
0.15
UK
6.03
0.13
-
10.37
-
-
-4.21
0.05
0.46
0.41
USA
14.12
-
-
36.52
-
-
-22.40
0.05
7.28
-7.22
Total
26.07
0.41
-
69.24
-
-
-39.75
1.05
8.18
-6.73
News Clippings
Economy

Hafeez for enhancing trade with international community

Federal Minister for Finance, Dr. Abdul Hafeez Shaikh said that trade volume with the rest of the world should be increased in order to strengthen country's economy. more... (BR)

Monetary policy takes everyone by surprise

The monetary policy took everyone by surprise as industrialists and analysts did not expect the key policy rate to be cut downThe State Bank of Pakistan on Saturday announced to cut key policy rate by 50 basis points to 13.5 per cent. more... (ET)

Pakistan to seek Chinese help for 19 energy projects

Pakistan, which is grappling with an energy crisis, is going to seek assistance from China to implement 19 energy projects to meet water and power requirements in a meeting of Pak-China Joint Energy Working Group scheduled to be held on August 1-2 in Beijing. more... (ET)

Petrol and light diesel prices raised

Prices of petroleum products, except the high speed diesel, have been increased for August by up to 5.2 per cent Syed Jawad Nasim, the spokesman for the Oil and Gas Regulatory Authority (Ogra), said here on Sunday that the price of motor spirit (petrol) had been increased by Rs1.09 per litre (1.3 per cent), to Rs84.80 from Rs83.71. more... (D)

Company & Sector Update

Iran-Pakistan gas pipeline: China likely to be awarded construction contract

As Russia and China vie with each other to win the construction contract for the Iran-Pakistan gas pipeline project, Pakistan is expected to finalise an engineering and procurement deal with Beijing, which may also provide financing in line with the growing energy cooperation between the two sides. more... (ET)

Haqqani hopes inception of mango export will bolster Pakistan-US ties

As Pakistani mangoes made their way to Chicago with their unique fragrance and sweet flavor, the country's ambassador to the United States voiced the hope that export of the King of Fruits would help bolster trade and broader bilateral relations between the two nations. more... (BR)

Textile City to bring $250m in investments'

Prime Minister Gilani said that the newly established Textile City would bring in $250 million in investments, in a statement released by the Ministry of Textile Industry on Saturday. more... (ET)

UBL declares 15pc dividend

United Bank Limited (UBL) has posted a record consolidated profit before tax of Rs6.409 billion for half year ending June 30, 2011 and declared an interim cash dividend of Rs1.50 per share. more... (BR)

Political

Gilani to laud role of SC in NA today

Reciprocating the Supreme Court's soft stance on the issue of relegation of Establishment Secretary Sohail Ahmed to the ineffective bureaucratic position of ‘officer on special duty', Prime Minister Yousuf Raza Gilani in his address to the National Assembly on Monday will praise the role of the apex court, according to sources privy to a decision taken by the government. more... (D)

Ch. Abdul Majeed takes oath as 11th Prime Minister of AJK

President Pakistan Peoples Party AJK and Senior Parliamentarian Ch. Abdul Majeed took oath as 11th Prime Minister of The Azad Government of The State of Azad Jammu Kashmir. more...(BR)

Govt to respect SC order on transfers of officials: PM

Prime Minister Yousaf Raza Gilani said the government will follow the Supreme Court's order in the case of former lead investigator of the Hajj scam, Hussain Asghar and former establishment secretary Sohail Ahmed, with respect to the trichotomy of power enshrined in the Constitution. more... (ET)

Nawaz vows to take to the streets if govt prolongs crisis

Chief of the Pakistan Muslim League (PML-N) Nawaz Sharif said that his party will not allow anyone to harm the country's sovereignty nor will it stand by and watch parliament misused to shield corrupt rulers, while reiterating his belief in the supremacy of parliament. more... (ET)

GCC

Iran resumes gas exports to Turkey

The flow of Iranian gas was resumed to Turkey on Saturday just 30 hours after a pipeline explosion, the managing director of the National Iranian Gas Company (NIGC) was quoted by the Mehr news agency as saying. more... (Zawya)

Middle East banking sector competitiveness to increase further, new survey reveals

The banking sector in the Middle East will become more competitive over the coming two years, according to the annual Barclays Corporate Global Banking Survey. more... (Zawya)

Oil market disappoints the interventionists

The release of 60 million barrels of crude oil from strategic stocks by the International Energy Agency (IEA) was camouflaged to cover the loss of Libyan exports but it was seen by many as nothing less than an attempt to intervene in the market to bring prices down and break Opec or at least teach it a lesson. more... (Gulf News)

Chevron profit jumps 43% as fall in output is offset by rising prices

Chevron said on Friday that profit jumped 43 per cent in the second quarter as higher oil and petrol prices made up for a decline in oil production. 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 FY12E
4.20%
GDP -2010
$176 bn
Per Capita Income FY10
$ 1,051
Population
176.71mn
US$ Reserves (July 23, 2011)
$18.30bn
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 15, 2011)
Rs731.34bn
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
28-JUL-11
29-JUL-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.74
-0.04%
10.51%
10.52%
1.20
     
28-JUL-11
29-JUL-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
844.09
846.55
2.46

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.27
13.38
13.56
13.74
Offer
13.77
13.63
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  
12.25
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
86.59
123.04
1.12
140.50
23.55
1.82
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
13.85
13.95
10 Y-PIB
13.95
14.05
13.95
14.05

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
1.08
2.54
2.80
2.86
4.80
8.45
12.61
14.05
Change bps
-1.00
-11.00
-15.00
-10.00
-1.00
-1.10
0.00
0.00

Commodities

     
29-JUL-11
01-AUG-11
change
WTI (USD/bbl)    
97.02
96.90
-0.12%
     
Brent (USD/bbl)    
117.31
118.04
0.62%
     
Arab Light (USD/bbl)    
112.76
112.39
-0.32%

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)
397.13
402.25
-1.27%
Urea Fertilizer (Rs/bag)
1,616.25
1,408.75
14.73%
Gold 24cr (Rs./10gm) Khi
44,657.00
44,724.00
-0.19%
Rice IRRI -6(Rs/100kg)
3,674.00
3,675.00
-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)
1,627.88
1,615.95
0.74%
Sugar 11 (USD/lb)
29.81
29.92
-0.36%
Steel (USD/ton)
750.66
750.18
0.06%
Wheat (CBT) (USD/bu)
715.75
735.00
-2.62%
PTA (USD/ton)
1,205.00
1,170.00
2.99%
Copper (USD/ton)
9,811.25
9,794.00
0.18%

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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.