BasedLine
Date: 05-August-2011
KSE-100 Index
Previous Index 11,941.72
Current Index
11,846.16
Change % -0.80%
YTD (CY11) -1.47%
YTD (FY12) -5.20%
KSE-100 Index
Previous Index 20,840.02
Current Index
20,761.16
Change % -0.38%
YTD (CY11) 10.40%
YTD (FY12) -0.84%
International Indicators
 
Close
%age
BSE-30 17,693.18 -1.38
HANGSENG 21,884.74 -0.49
NIKKEI 225 9,659.18 0.23
FTSE 5,393.10 -3.43
DJIA 11,383.68 -4.31
SSEC 2,684.04 0.21
NASDAQ 2,556.39 -5.07
 
Close
%age
TASI Closed -
KSE(Kuwait) 6,066.20 -0.02
BSE 1,281.04 -0.26
MSM 5,758.92 0.01
ADX 2,670.79 0.77
DFM 1,541.15 0.90
QSE 8,490.81 1.10
Capital Market Overview

Market watch: Bourse continues downward trend

The recent slump in the stock market continued on Thursday as the bourse fell another 95 points, or 0.8% to end the day at 11846.16 points. more... (ET)

NAVs and Returns
as of August 04, 2011
Funds Offer Redemption
POGSF
10.04/-
10.04/-
YTD Return
4.13%
POAIIF
51.4244/-
50.9102/-
YTD Return
13.50%
POAAAF
51.10/-
49.82/-
YTD Return
-1.39%
POIAAF
53.92/-
52.57/-
YTD Return
0.61%
POAF
11.36/-
YTD Return
11.28%
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
33.65
2,894
42.20
2.20
-1.47%
KSE30
27.32
2,350
32.70
2.10
-3.10%
KMI30
4.93
424
19.48
1.43
10.40%
KSE All
36.42
3,132
48.58
2.26
-1.72%
August 04, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
184.35
112.11
-7.50%
OGDC
18.00
146.32
155.23
-4.36%
UBL
2.00
57.98
43.12
-6.35%
LUCK
1.70
72.93
36.65
2.95%
August 04, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
29.69
(12.32)
17.36
Foreign Corporates
3,405.13
(1,407.02)
1,998.10
Overseas Pakistani
68.41
(119.20)
-50.79
Grand Total
3,503.22
(1,538.55)
1,964.67
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
03-Aug-11
04-Aug-11
Change
Gross Buy
481.47
-35.74%
9.61
-17.89%
1.32
3.50
165.23%
Gross Sell
-476.77
11.04%
-5.44
6.42%
-0.77
-1.54
99.50%
Net Buy/(Sell)
4.70
-98.56%
4.18
-37.23%
0.55
1.96
257.47%
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

WTO Cell to create awareness about changing international trading rules

Ministry of Industries and its WTO Cell is committed to broaden the industrial base of Pakistan, upgrade the production methods and create awareness among the existing industry about the rapidly changing international trading and business rules. more... (BR)

FBR to ensure Rs 1.9tr target in FY 2011-12

In the current financial year 2011-12, Federal Board of Revenue (FBR) will focus on enforcement, audit and identifying new taxpayers to ensure realization of Rs 1.952 trillion tax collection target, this was decided in Chief Commissioner's 4th Conference held here under the Chairmanship of Secretary Revenue Division on Thursday. more... (DT)

BoI, Foton China discuss investment opportunities

A 5-member delegation of M/s Foton China called on Saleem H Mandviwalla Chairman Board of Investment (BoI) Thursday to discuss investment opportunities. more... (DT)

Pak forex reserves surge to record high

Pakistan's foreign exchange reserves have surged to a record high of $18.31 billion, a central bank official said Thursday. more... (N)

PR refused Rs 11.1bn special bailout package

Plight of railway passengers is unlikely to end soon as the Ministry of Finance Thursday declined to honor the Cabinet’s decision for allowing Pakistan Railways (PR) the Special Bailout Package, a senior Railways official informed. more... (DT)

 

Company & Sector Update

SECP acts to discourage benaami transactions

The SECP has approved a notification directing all listed companies to issue dividend warrants only in the name of the registered members crossed as ‘A/C payee only’, which is now pending publication in the official gazette. It has further been advised where a shareholder has specifically instructed a company to issue dividends in the name of any third person it should also be issued through a similarly crossed dividend warrant bearing the name of the nominated person. more... (DT)

Banks achieve over 97pc of agri credit disbursement target

The banks achieved more than 97 percent agricultural credit disbursement target during the last fiscal year 2010-11 despite devastating floods in the country that damaged vast agriculture infrastructure and caused huge losses to standing crops. more... (BR)

Chinese firm to run 2,000 CNG buses in Sindh

Chinese bus manufacturing company Foton Motors will sign a deal with the Sindh government tomorrow (Saturday) to operate 2,000 CNG buses on the roads of the province. more... (ET)

Standard Chartered first half profit up 17pc to $3.64bn

Standard Chartered PLC Thursday announced a 9th successive record first half of profit with income growing by 11 per cent to $8.76 billion as profit climbed 17 per cent to $3.64 billion. more... (BR)

Mepco issues power shutdown schedule

Multan Electric Power Company (Mepco)has issued power shutdown schedule for the maintenence and repairing work of different feeders. more... (N)

 

Political

SC takes up PCO judges issue today

New tensions between the executive and judiciary may surface on Friday when a five-judge bench of the Supreme Court will review implementation of its May 18 verdict which had ordered the government to de-notify five superior court judges for taking oath under the Provisional Constitution Order (PCO). The court had given the government till July 26 to implement the orders. more... (D)

Railways schedule still disrupted

Pakistan Raliways continues to be plagued by delays and on Thursday passengers were seen waiting for several hours at stations for trains, Geo News reported. more...(N)

Few takers in NA for Altaf's call to deploy army

As lawmakers blew hot and cold in the National Assembly on Thursday over Karachi violence, there was little fancy for MQM leader Altaf Hussain's demand to call out army to restore peace in Pakistan's commercial hub. more... (D)

Sindh blasts IRSA for ‘illegal’ water supply to Punjab

The Sindh government has protested against the release of 13,000 cusecs water from Tarbela Dam to Punjab for irrigation purposes. more... (DT)

GCC

Gulf Islamic loans hit five-year low

Islamic loans from Europe, the Middle East and Africa dropped to a five-year low with banks reluctant to lend amid concerns Europe's budget crisis will roil markets as Arabian Gulf borrowers restructure debts. more... (Gulf News)

Aldar reports Dh316.4 million profits for the first half of 2011

Aldar Properties PJSC Thursday reported a Dh316.4 million for the first half of 2011, compared to a loss of Dh789.5 million for the first half of 2010. more... (Gulf News)

3 New Petchem Plants In Pipeline

Iran plans to set up three new petrochemical plants soon to increase its profits by producing more propylene, an oil official said. more... (Zawya)

UAE real estate lending shrinks

Bank credit to the UAE real estate sector lost steam it gained through 2010 and dropped by around 1.4 per cent in the first five months of 2011 as the sector appears to be still reeling under the 2008 global fiscal crisis. more... (Zawya)

Quote of the Day:
" Thoroughness characterizes all successful men. Genius is the art of taking infinite pains. All great achievement has been characterized by extreme care, infinite painstaking, even to the minutest detail." Elbert Hubbard
 
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 30, 2011)
$18.31bn
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 (July 11) 10.70%
   
NFNE Core INFL -FY11 (Jul-June 11) 9.70%

Money Market

 
Price
Change
03-AUG-11
04-AUG-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
88.23
0.07%
10.40%
10.38%
-1.60
     
03-AUG-11
04-AUG-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
868.97
911.84
42.87

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.95
13.02
13.11
13.22
Offer
13.45
13.27
13.36
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
86.55
123.74
1.09
141.82
23.56
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
13.45
13.55
13.40
13.55
10 Y-PIB
13.50
13.60
13.50
13.60

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
1.00
2.30
2.63
2.68
4.54
8.40
12.61
13.60
Change bps
0.00
-10.00
0.00
-6.00
-15.00
-1.80
0.00
0.00

Commodities

     
04-AUG-11
05-AUG-11
change
WTI (USD/bbl)    
92.09
85.65
-6.99%
     
Brent (USD/bbl)    
113.07
107.19
-5.20%
     
Arab Light (USD/bbl)    
108.45
103.37
-4.68%

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)
1,646.53
1,661.75
-0.92%
Sugar 11 (USD/lb)
27.79
27.69
0.36%
Steel (USD/ton)
753.00
753.04
-0.01%
Wheat (CBT) (USD/bu)
725.50
750.00
-3.27%
PTA (USD/ton)
1,225.00
1,170.00
4.70%
Copper (USD/ton)
9,329.50
9,509.25
-1.89%

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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.