BasedLine
Date: 02-August-2011
KSE-100 Index
Previous Index 12,190.37
Current Index
12,253.39
Change % 0.52%
YTD (CY11) 1.92%
YTD (FY12) -1.94%
KSE-100 Index
Previous Index 21,203.61
Current Index
21,364.64
Change % 0.76%
YTD (CY11) 13.61%
YTD (FY12) 2.05%
International Indicators
 
Close
%age
BSE-30 18,314.33 0.64
HANGSENG 22,663.37 0.99
NIKKEI 225 9,965.01 1.34
FTSE 5,815.20 -0.98
DJIA 12,132.49 -0.79
SSEC 2,703.78 0.08
NASDAQ 2,756.38 -0.08
 
Close
%age
TASI 6,471.82 1.25
KSE(Kuwait) 6,037.20 0.11
BSE 1,290.06 -0.12
MSM 5,832.38 0.42
ADX 2,637.88 0.69
DFM 1,526.34 0.58
QSE 8,412.44 0.11
Capital Market Overview

Market watch: Central bank’s surprise move lifts stock market

The stock market rose by 63 points on Monday following the State Bank of Pakistan’s unexpected decision to lower the discount rate by 50 basis points. more... (ET)

NAVs and Returns
as of August 01, 2011
Funds Offer Redemption
POGSF
10.0205/-
10.0205/-
YTD Return
16.12%
POAIIF
51.3899/-
50.8760/-
YTD Return
13.74%
POAAAF
51.95/-
50.65/-
YTD Return
0.26%
POIAAF
54.61/-
53.24/-
YTD Return
1.89%
POAF
11.38/-
YTD Return
13.99%
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
34.79
2,992
28.69
2.14
1.92%
KSE30
6.74
580
20.61
1.20
0.20%
KMI30
5.07
436
12.36
1.45
13.61%
KSE All
37.63
3,236
38.94
2.20
1.57%
August 01, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
185.04
112.81
-7.16%
OGDC
17.51
155.46
151.95
1.61%
UBL
2.00
60.84
43.39
-1.73%
LUCK
1.70
73.40
36.88
3.61%
August 01, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
18.20
(8.92)
9.90
Foreign Corporates
2,826.64
(1,770.18)
1,056.46
Overseas Pakistani
97.76
(91.79)
5.97
Grand Total
2,942.60
(1,870.27)
1,072.33
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
29-July-11
01-Aug-11
Change
Gross Buy
474.80
-36.07%
2.94%
637.7%
7.76
2.94
-62.11%
Gross Sell
-473.21
11.16%
-1.87
315.56%
-7.61
-1.87
-75.42%
Net Buy/(Sell)
1.59
-99.51%
1.07
-2,195.7%
0.15
1.07
613.3%
S.C.R.A
Country
During the Period FY12TD
29-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
0.69
-
-
1.17
-
-
-0.47
0.017
0.002
0.015
Luxembourg
2.93
-
-
20.39
-
-
-17.45
0.018
0.41
-0.39
Switzerland
5.18
0.05
-
3.96
-
-
1.26
0.19
2.77
-2.57
UAE
0.35
0.23
-
-
-
-
0.58
-
-
-
UK
6.21
0.12
-
11.12
-
-
-4.78
0.18
0.74
0.56
USA
16.12
-
-
39.16
-
-
-23.03
2.00
2.64
-0.63
Total
31.57
0.4
-
75.8
-
-
-43.89
2.41
6.56
-2.99
News Clippings
Economy

Pakistan encouraging Chinese investment

Federal Water and Power Minister Syed Naveed Qamar has said Pakistan is extending maximum facilitation to Chinese entrepreneurs and is encouraging them to invest in the energy sector. more... (ET)

Govt hopes to achieve $40bn exports next year: Commerce Minister

Federal Minister for Commerce MakhdoomAmin Fahim has said that the government will hopefully achieve the export target of dollars 40 billion next year. more... (BR)

KIBOR drops to six-month low

After a surprise rate cut by the State Bank of Pakistan (SBP) at the weekend, the benchmark lending rate has also declined by 44 basis points.more... (ET)

Rupee touches new record low

The rupee fell on Monday to another record low due to strong dollar demand for oil import payments amid soft inflows. more... (ET)

Company & Sector Update

Tea imports increase 23.36 percent in FY 2010-11

Tea imports in the country during twelve months of last financial year (2010-11) has registered increase of 23.36 percent as country consumed about 118,820 metric tons of tea costing $33.4 million. more... (BR)

Meezan Bank records 92pc growth in profit after tax

Meezan Bank Limited (MBL) has recordedrobust growth of 92pc in its half year after-tax profit which increasedto Rs1,382 million from Rs719 million in the corresponding periodlast year. more... (BR)

Energising Thar coal gasification project

A MAJOR development on the Thar coal front this month has been the approval of an enhanced allocation of Rs900 million to Dr Samar Mubarakmand’s gasification project by the ministry of finance to enable it generate 100 MW of electricity in its first phase in Block-5. more... (D)

Corporate results: Lucky Cement profits up 27%

Lucky Cement profits grew 27 per cent to Rs3.97 billion in financial year 2011 despite a decrease in volumetric sales. more... (ET)

Political

Rapprochement: PPP confident of MQM rejoining govt

Some government functionaries are confident that the MQM may soon rejoin the government and a formal announcement would be made during President Asif Ali Zardari’s next visit to the city. more... (ET)

President for clear terms of engagement between Pakistan, US in war against militants

President Asif Ali Zardari has underlined the need for clear terms of engagement that should be agreed upon before hand between Pakistan and the United States in the war against militants so that conflicting positions and unilateral actions did not adversely impact on the bilateral ties between the two countries. more...(BR)

Altaf asks President, PM to take notice of Khi violence

Muttahida Qaumi Movement (MQM) Chief Altaf Hussain has asked the President and the Prime Minister to notice of Karachi violence and bring bloodshed to an end in 48 hours, Geo News reported. more... (N)

PML-N sets up panel on new provinces

Pakistan Muslim League-N chief Nawaz Sharif constituted on Monday a 15-member party committee to formulate suggestions relating to demand for new provinces.more... (D)

GCC

Etisalat waives annual renewal fees for prepaid mobile service

For the first time since its formation 35 years ago, UAE mobile phone service provider etisalat will no longer demand annual service renewal fees from its subscribers.more... (Gulf News)

Adnoc crude averages $106.62 in first half

The official selling price of crude oil grades produced by the Abu Dhabi National Oil Company (Adnoc) averaged $106.62 per barrel during the first six months of 2011, up 37.95 per cent over the corresponding period a year earlier, as an accelerated global economic recovery boosted oil prices on increased demand, latest data from Adnoc more... (Gulf News)

HSBC’s Mena profits up despite turmoil in region

HSBC’s operations in the Middle East and North Africa (Mena) reported a profit before tax of $747 million (Dh2,743 million) up 116 per cent compared to the $346 million (Dh1,270 million) reported in the first half of 2010 more... (Zawya)

GCC invests Dh6.8bn in Dubai property

Investors from other Gulf oil producers pumped nearly Dh6.8 billion into Dubai's real estate sector, accounting for almost a quarter of the total property deals in the emirate in the first six months of 2011. more... (Zawya)

Quote of the Day:
"As a small businessperson, you have no greater leverage than the truth." John Greenleaf Whittier
 
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
29-JUL-11
01-AUG-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
88.02
0.32%
10.52%
10.43%
-8.40
     
29-JUL-11
01-AUG-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
846.55
837.36
-9.19

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.91
13.01
13.12
13.23
Offer
13.41
13.26
13.37
13.73

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
86.8
124.77
1.13
142.04
23.55
1.82
0.43

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.15
13.27
13.34
Last Cut Off.
13.53
13.78
13.92
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
13.40
13.53
13.85
13.53
10 Y-PIB
13.50
13.65
13.95
13.65

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
1.08
2.45
2.75
2.80
4.78
8.46
12.61
13.65
Change bps
0.00
-9.00
-5.00
-6.00
-2.00
0.50
0.00
-40.00

Commodities

     
01-AUG-11
02-AUG-11
change
WTI (USD/bbl)    
96.90
94.68
-2.29%
     
Brent (USD/bbl)    
118.04
116.44
-1.35%
     
Arab Light (USD/bbl)    
112.39
112.59
0.17%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
92.10
97.31
-5.35%
Furnace Oil (Rs/ton)
72,041.80
68,540.94
5.11%
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
44,742.00
44,657.00
0.19%
Rice IRRI -6(Rs/100kg)
3,654.00
3,674.00
-0.54%
KCA Cotton (Rs/mound)
5,500.00
5,200.00
5.77%
International
Current
Previous
Change
Coal Spot(USD/ton)
119.20
121.45
-1.85%
Gold Futures (USD/oz)
1,619.00
1,627.88
-0.55%
Sugar 11 (USD/lb)
28.97
29.81
-2.81%
Steel (USD/ton)
750.82
750.66
0.02%
Wheat (CBT) (USD/bu)
720.75
715.75
0.70%
PTA (USD/ton)
1,225.00
1,170.00
4.70%
Copper (USD/ton)
9,629.50
9,811.25
-1.85%

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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.