BasedLine
Date: 04-August-2011
KSE-100 Index
Previous Index 12,226.33
Current Index
11,941.72
Change % -2.33%
YTD (CY11) -0.67%
YTD (FY12) -4.44%
KSE-100 Index
Previous Index 21,308.28
Current Index
20,840.02
Change % -2.20%
YTD (CY11) 10.82%
YTD (FY12) -0.46%
International Indicators
 
Close
%age
BSE-30 17,940.55 -0.94
HANGSENG 21,992.72 -1.91
NIKKEI 225 9,637.14 -2.11
FTSE 5,584.50 -2.34
DJIA 11,896.44 0.25
SSEC 2,678.48 -0.03
NASDAQ 2,693.07 0.89
 
Close
%age
TASI 6,423.87 -0.30
KSE(Kuwait) 6,067.60 -0.12
BSE 1,284.36 -0.02
MSM 5,758.11 -0.93
ADX 2,650.45 0.18
DFM 1,527.42 -0.59
QSE 8,398.23 -0.37
Capital Market Overview

Market watch: Bourse plummets 285 points to two-and-a-half-month low

Panic settled in as the stock market took a drastic 285 point or 2.33% drop on Wednesday to close at a two-and-a-half month low of 11,941.72 points. more... (ET)

NAVs and Returns
as of August 03, 2011
Funds Offer Redemption
POGSF
10.04/-
10.04/-
YTD Return
20.92%
POAIIF
51.4103/-
50.8962/-
YTD Return
13.58%
POAAAF
51.13/-
49.85/-
YTD Return
-1.33%
POIAAF
53.92/-
52.57/-
YTD Return
0.61%
POAF
11.38/-
YTD Return
13.83%
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
33.85
2,911
39.14
1.96
-0.67%
KSE30
27.35
2,352
26.92
1.81
-2.58%
KMI30
4.94
425
16.81
1.29
10.82%
KSE All
36.63
3,150
46.11
2.01
-0.96%
August 03, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
182.00
112.49
-8.68%
OGDC
18.00
148.10
155.75
-3.20%
UBL
2.00
57.75
43.27
-6.72%
LUCK
1.70
70.75
36.78
-0.13%
August 03, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
3.05
(4.09)
-1.03
Foreign Corporates
1,184.29
(679.37)
504.92
Overseas Pakistani
133.49
(87.77)
45.72
Grand Total
1,320.83
(771.22)
549.61
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
02-Aug-11
03-Aug-11
Change
Gross Buy
477.97
-35.96%
6.11
-31.45%
1.85
1.32
-28.53%
Gross Sell
-475.24
11.18%
-3.90
21.82%
-1.26
-0.77
-38.70%
Net Buy/(Sell)
2.73
-99.16%
2.21
-61.60%
0.59
0.55
-6.83%
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
-
-
-46.49
2.69
6.59
-3.90
News Clippings
Economy

Govt seeks six months grace for IP gas project

Owing to red-tapeism dominant in the Ministry of Petroleum and Natural Resources, government has requested to Iran for another six months to complete its $3 billion component of Iran-Pakistan gas pipeline project which earlier was supposed to be completed till December 2014. more... (FD)

No sales tax on plant, machinery hailed

Federal advisor on Textiles, Dr Mirza Ikhtiar Baig has hailed the sales tax exemption on plant and machinery and said it is a big relief for the importers of textile machinery and would encourage capital investment in the country. more... (FD)

Food inflation soars 17.58pc

Inflation in Pakistan is picking up as food prices up by over 17.58 per cent in July making eatables dearer for consumers, data showed on Tuesday, and pressure is mounting on the government to step up efforts to check rising prices. more... (D)

Zero govt borrowing from SBP in July

The government made zero borrowing from the State Bank in the first month of this fiscal year, but from commercial banks its borrowings exceeded even the last year`s figure in the same month. more... (D)

Water works: Hydropower projects of 37,000MW in pipeline

Although 26 hydropower projects of 37,312 megawatts are in the pipeline to meet energy needs of the country, engineers have expressed concern that lack of political will may further delay these projects. more... (ET)

 

Company & Sector Update

ICCI for hefty cut in discount rate to ensure macroeconomic stability

The Islamabad Chamber of Commerce and Industry (ICCI) Wednesday said that there was need of hefty cut in the discount rates by the State Bank of Pakistan as reduction of 50 basis points would not provide any benefit to the business community. more... (BR)

Meeting to discuss cotton support price on Thursday

Sindh government has convened a meeting on August 4, 2011, to discuss support price for cotton as a measure to stabilise cotton prices in the country. more... (BR)

FBR offers more time to pay up Mar taxes

Federal Board of Revenue has extended the date for payment of taxes / duty for the tax period March, 2011, and filing of Sales Tax / Federal Excise returns, up to 20th April, 2011, for registered persons claiming benefit under SRO 283(1)/2011 dated 01.04.2011. more... (FD)

Cotton prices increase in local markets

The price of cotton has increased across the country, Geo News reported. In recent days the price of 40 kilos of cotton has increased by Rs 400 and is currently Rs 5,900 in Punjab. more... (N)

Ogra issues licence for LNG terminal

The Oil and Gas Regulatory Authority (Ogra) has issued a ‘conditional construction licence' to a private foreign firm in “larger national interest” to set up a terminal, jetty and allied facilities at Port Qasim for import of liquefied natural gas (LNG), a move termed by some officials as a serious violation of rules and regulations. more... (D)

 

Political

US facing challenges in relations with Pakistan: Toner

US State Department has said that the US is facing challenges in relations with Pakistan, adding that to overcome these and set long-term partnership is in the strategic interest of both the countries, Geo News reported on Wednesday. more... (N)

Presidency wakes up to Karachi killings

The government adopted on Wednesday a ‘carrot and stick' policy to deal with the law and order situation in Karachi by keeping its doors open for negotiations with the Muttahida Qaumi Movement (MQM) and giving more powers and resources to security forces to take stern action against troublemakers. more...(D)

India wish to have constructive ties with Pak: SM Krishna

Indian external affairs minister SM Krishna Wednesday said India wished to have constructive relations with Pakistan, but wanted an environment free from terror and reining in of anti-India jihadi leaders. . more... (N)

US will not ditch Pak this time: envoy

The US Special Ambassador for Afghanistan and Pakistan Marc Grossman Wednesday told Prime Minister Yousuf Raza Gilani that the United States does not contemplate any reconciliation process in Afghanistan without Pakistan. more... (FD)

GCC

Du grabs 43.6% of market share

Dubai, du, the UAE's second largest telecommunications provider, is now "playing in the same playground" as rival etisalat in terms of local market share, the company's chief executive said Wednesday. more... (Gulf News)

Standard Chartered's Middle East profit up 17%

Emerging markets focused bank Standard Chartered reported 17 per cent increase in profit before tax at $3.64 billion (Dh13.3 billion) for the first half of 2011 supported by its robust results across Asia and the Middle East. more... (Gulf News)

UAE central bank shuns US government debt

The Abu Dhabi-based central bank of the United Arab Emirates made an unusual public announcement last week. It said it had no US Treasury bills in its reserves nor any other financial instrument issued by the US government. more... (Zawya)

GCC stock markets lose USD 16 bln in July

KUWAIT, Aug 3 (KUNA) -- An Asset Management Company (KAMCO) report said that the Gulf Cooperation Council (GCC) countries' stock markets lost more than USD 16 billion in the past month of July, reaching a loss of USD 28 billion in the first half of the fiscal year 2011. more... (Zawya)

Quote of the Day:
" Our business in life is not to get ahead of others,but to get ahead of ourselves, to break our own records,to outstrip our yesterday by our today." Stewart B. Johnson
 
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
02-AUG-11
03-AUG-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
88.17
0.02%
10.40%
10.40%
-0.10
     
02-AUG-11
03-AUG-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
849.50
868.97
19.47

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.94
13.02
13.12
13.22
Offer
13.44
13.27
13.37
13.72

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
86.70
123.13
1.12
141.08
23.45
1.81
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
1.00
2.40
2.63
2.74
4.69
8.42
12.61
13.60
Change bps
-1.00
-2.00
4.00
-3.00
5.00
-1.30
0.00
0.00

Commodities

     
03-AUG-11
04-AUG-11
change
WTI (USD/bbl)    
93.50
92.09
-1.51%
     
Brent (USD/bbl)    
116.09
113.07
-2.60%
     
Arab Light (USD/bbl)    
111.83
108.45
-3.02%

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
45,857.00
44,828.00
2.30%
Rice IRRI -6(Rs/100kg)
3,792.00
3,667.00
3.41%
KCA Cotton (Rs/mound)
5,600.00
5,500.00
1.82%
International
Current
Previous
Change
Coal Spot(USD/ton)
119.20
121.45
-1.85%
Gold Futures (USD/oz)
1,661.75
1,661.18
0.03%
Sugar 11 (USD/lb)
27.69
28.16
-1.67%
Steel (USD/ton)
753.04
750.76
0.30%
Wheat (CBT) (USD/bu)
750.00
758.75
-1.15%
PTA (USD/ton)
1,225.00
1,170.00
4.70%
Copper (USD/ton)
9,507.25
9,657.00
-1.53%

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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.