BasedLine
Date: 03-August-2011
KSE-100 Index
Previous Index 12,253.39
Current Index
12,226.33
Change % -0.22%
YTD (CY11) 1.70%
YTD (FY12) -2.16%
KSE-100 Index
Previous Index 21,364.64
Current Index
21,308.28
Change % -0.26%
YTD (CY11) 13.31%
YTD (FY12) 1.78%
International Indicators
 
Close
%age
BSE-30 18,109.89 -1.12
HANGSENG 22,421.46 -1.07
NIKKEI 225 9,844.59 -1.21
FTSE 5,718.40 -0.97
DJIA 11,866.62 -2.19
SSEC 2,679.26 -0.91
NASDAQ 2,669.24 -2.75
 
Close
%age
TASI 6,443.16 -0.44
KSE(Kuwait) 6,074.80 0.62
BSE 1,284.62 -0.42
MSM 5,812.23 -0.35
ADX 2,645.81 0.30
DFM 1,536.42 0.66
QSE 8,429.23 0.20
Capital Market Overview

Market watch: Trade volume hits 13-month low

Volumes at the Karachi Stock Exchange touched a 13-month low as investors remained passive on the first day of Ramazan. more... (ET)

NAVs and Returns
as of August 02, 2011
Funds Offer Redemption
POGSF
n/a
n/a
YTD Return
n/a
POAIIF
n/a
n/a
YTD Return
n/a
POAAAF
51.84/-
50.54/-
YTD Return
0.04%
POIAAF
54.46/-
53.10/-
YTD Return
1.63%
POAF
n/a
YTD Return
n/a
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
34.73
2,987
12.41
0.91
1.70%
KSE30
6.73
579
9.39
0.86
0.01%
KMI30
5.06
435
4.42
0.49
13.31%
KSE All
37.56
3,230
14.94
0.39
1.35%
August 02, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
187.36
112.81
-5.99%
OGDC
17.51
154.84
156.20
1.21%
UBL
2.00
59.38
43.39
-4.09%
LUCK
1.70
72.70
36.88
2.63%
August 02, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
12.60
(8.15)
4.45
Foreign Corporates
1,768.06
(1,223.17)
544.89
Overseas Pakistani
67.42
(26.87)
40.55
Grand Total
1,848.08
(1,258.19)
589.89
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
01-Aug-11
02-Aug-11
Change
Gross Buy
476.64
-35.83%
4.79
-8.76%
2.94
1.85
-37.14%
Gross Sell
-474.46
11.45%
-3.13
112.44%
-1.87
-1.26
-32.72%
Net Buy/(Sell)
2.18
-99.32%
1.66
-56.36%
1.07
0.59
-44.87%
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
0.70
-
-
1.18
-
-
-0.48
0.02
0.00
0.02
Luxembourg
2.93
-
-
20.39
-
-
-17.46
0.02
0.41
-0.39
Switzerland
5.18
0.06
-
3.97
-
-
1.27
0.20
2.77
-2.57
UAE
0.35
0.23
-
-
-
-
0.58
-
-
-
UK
6.21
0.13
-
11.12
-
-
-4.78
0.18
0.75
-0.57
USA
16.13
-
-
39.16
-
-
-23.04
2.01
2.64
-0.64
Total
32.19
0.41
-
79.09
-
-
-46.09
2.69
6.59
-3.90
News Clippings
Economy

FBR starts year with tax shortfall of Rs26b

A shortfall of Rs26 billion has been recorded in tax collection for the first month of the current fiscal year. more... (ET)

CPI inflation soars by 13.77 percent in July

The CPI inflation soared by 13.77 percent in July 2011-12 over the same period of last year on the back of increase in the prices of food items, according to Federal Bureau of Statistics (FBS). Official figures of monthly inflation of Consumer Price index (CPI), released by the FBS, showed that inflation rose by 1.8 percent in July over previous month, and 13.77 percent over the same month of last year. more... (BR)

NEPRA approves increase in power tariff

The National Electric Power Regulatory Authority (NEPRA) has approved an Rs 1.04 increase in the power tariff under monthly fuel adjustment. more... (N)

Furnace oil price enhanced by Rs3000/ton

Pakistan State Oil (PSO) has announced an upward revision of the per ton price of furnace oil, Geo News reported. more... (N)

Trade: India biggest buyer of Pakistani dates

India is the major importer of Pakistani dates as it imported almost 85% of the country's total earnings from date exports, a report by Harvest Tradings said on Tuesday. more... (ET)

 

Company & Sector Update

Sales tax: Traders oppose changes in tax returns

Pakistan Chemical and Dyes Merchants Association Chairman Muhammad Haroon Agar has expressed concern over changes in monthly sales tax returns. Terming it anti-business, Agar said the Federal Board of Revenue (FBR), instead of facilitating the traders, was harassing them. more... (ET)

Oil and gas installations: Explosives dept to deal with safety issues

A row between Oil and Gas Regulatory Authority (Ogra) and explosives department of the Ministry of Industries and Production over regulating safety issues of oil and gas installations has ended after the intervention of the Cabinet Division. more... (ET)

Investors, businessmen of Morocco urged to invest in Pakistan

The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has called upon investors and business community of Morocco to take optimum benefits from investment opportunities being offered in Pakistan in different sectors of the economy. more... (BR)

TCP should not intervene to level price of cotton: KCA

The Karachi Cotton Association (KCA) has urged the government not to make any intervention in the cotton market through the Trading Corporation of Pakistan (TCP) as an alternative buyer in the cotton market as it would negate the policy of free trade and disrupt the cotton economy in the country. more... (BR)

Political

Pakistan, US resolve row over diplomats

The United States and Pakistan seem to have amicably resolved a row that could have led to the imposition of severe travel restrictions on each other's diplomats, diplomatic sources told Dawn. more... (Dawn)

FC gets police powers in Sindh

In order to somehow control targeted killings, arson and violence in Karachi the Sindh government here Tuesday decided to give police powers to the Frontier Constabulary (FC). more...(BR)

Altaf asks people to buy one-month ration

Muttahida Qaumi Movement (MQM) Chief Altaf Hussain has asked people that keeping in mind the insensitivity of Law Enforcement Agencies (LEAs) buy at least one-month ration, Geo News reported. more... (N)

Missing Person: Judge reprimands police chief

Justice Khalid Mahmood Khan of the Lahore High Court on Tuesday scolded the inspector general of Punjab Police (IGP) Javed Iqbal for his excuses regarding the police’s failure to recover a girl allegedly kidnapped six years ago. more... (ET)

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... (Zawya)

SR4.6 billion deal for world's tallest tower in Jeddah

Kingdom Holding Co. (KHC) chairman Prince Alwaleed bin Talal confirmed in Riyadh on Tuesday that associate firm Jeddah Economic Co. has signed a SR4.6 billion deal with the Saudi Binladen Group to build the world's tallest tower in Jeddah. more... (Zawya)

Solidere distributes $147 million in dividends to shareholders

Real-estate giant Solidere distributed dividends among shareholders Monday following a general assembly meeting.According to a Solidere statement, the general assembly agreed to offer each shareholder a $0.40 cash dividend for each share plus one share for every 30 shares held by stakeholders. more... (Zawya)

ADCB registers Dh1.34b fiscal net profit in second quarter

Abu Dhabi Commercial Bank (ADCB), UAE's third biggest lender, yesterday reported a fiscal second quarter net profit of Dh1.34 billion, compared to a net loss of Dh531 million in the corresponding period last year. more... (Gulf News)

Quote of the Day:
" The expectations of life depend upon diligence; the mechanic that would perfect his work must first sharpen his tools." Confucius
 
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 (July-11) 13.77%
   
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
01-AUG-11
02-AUG-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
88.15
0.15%
10.43%
10.40%
-3.70
     
01-AUG-11
02-AUG-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
837.36
849.50
12.14

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
86.6
124.55
1.12
142.44
23.58
1.82
0.44

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
13.40
13.53
10 Y-PIB
13.50
13.65
13.50
13.65

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
1.01
2.42
2.59
2.77
4.64
8.43
12.61
13.65
Change bps
-7.00
-3.00
-16.00
-3.00
-14.00
-2.60
0.00
0.00

Commodities

     
02-AUG-11
03-AUG-11
change
WTI (USD/bbl)    
94.68
93.50
-1.25%
     
Brent (USD/bbl)    
116.44
116.09
-0.30%
     
Arab Light (USD/bbl)    
112.59
111.83
-0.67%

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
44,828.00
44,742.00
0.19%
Rice IRRI -6(Rs/100kg)
3,667.00
3,654.00
0.36%
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)
1,661.18
1,619.00
2.61%
Sugar 11 (USD/lb)
28.16
28.97
-2.79%
Steel (USD/ton)
750.76
750.82
0.01%
Wheat (CBT) (USD/bu)
758.75
720.75
5.27%
PTA (USD/ton)
1,225.00
1,170.00
4.70%
Copper (USD/ton)
9,657.00
9,629.50
-0.29%

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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.