BasedLine
Date: 08-August-2011
KSE-100 Index
Previous Index 11,846.16
Current Index
11,375.09
Change % -3.98%
YTD (CY11) -5.38%
YTD (FY12) -8.97%
KSE-100 Index
Previous Index 20,761.16
Current Index
19,964.77
Change % -3.84%
YTD (CY11) 6.17%
YTD (FY12) -4.64%
International Indicators
 
Close
%age
BSE-30 17,305.87 -2.19
HANGSENG 20,946.14 -4.29
NIKKEI 225 9,299.88 -3.72
FTSE 5,247.00 -2.71
DJIA 11,444.61 0.54
SSEC 2,626.42 -2.15
NASDAQ 2,532.41 -0.94
 
Close
%age
TASI 6,078.05 0.08
KSE(Kuwait) 5,968.30 -1.61
BSE 1,276.86 -0.33
MSM 5,651.27 -1.87
ADX 2,603.22 -2.53
DFM 1,484.31 -3.69
QSE 8,277.61 -2.51
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 05, 2011
Funds Offer Redemption
POGSF
10.04/-
10.04/-
YTD Return
4.30%
POAIIF
51.4386/-
50.9242/-
YTD Return
13.41%
POAAAF
49.81/-
48.56/-
YTD Return
-3.88%
POIAAF
52.97/-
51.65/-
YTD Return
-1.15%
POAF
11.37/-
YTD Return
12.01%
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
32.31
2,779
92.84
4.30
-5.38%
KSE30
27.06
2,327
60.96
4.10
-7.07%
KMI30
4.74
407
42.33
3.33
6.17%
KSE All
34.97
3008
113.17
4.46
-5.60%
August 05, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
175.18
112.10
-12.10%
OGDC
18.00
139.01
155.21
-9.14%
UBL
2.00
55.15
43.12
-10.92%
LUCK
1.70
71.09
36.65
0.35%
August 05, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
20.81
(8.03)
12.78
Foreign Corporates
1,699.43
(2,083.71)
-384.28
Overseas Pakistani
1,112.29
(256.10)
856.19
Grand Total
2,832.53
(2,347.84)
484.69
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
04-Aug-11
05-Aug-11
Change
Gross Buy
484.30
-35.61%
12.45
-15.23%
3.50
2.83
-19.14%
Gross Sell
-479.12
11.40%
-7.79
33.54%
-1.54
-2.35
-52.60%
Net Buy/(Sell)
5.18
-98.42%
4.66
-47.77%
1.96
0.48
-75.5%
S.C.R.A
Country
During the Period FY12TD
05-Aug-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
-
-
-
Luxembourg
3.15
-
-
20.70
-
-
-17.54
-
0.25
-0.25
Switzerland
5.18
0.05
-
9.69
-
-
-4.46
-
0
0
UAE
0.87
0.23
-
0.89
-
-
-0.31
-
-
-
UK
6.96
0.13
-
15.49
-
-
-8.40
-
2.64
-2.64
USA
23.82
-
-
46.19
-
-
-22.36
1.90
0.37
-1.53
Total
44.91
0.41
-
94.47
-
-
-52.66
2.43
3.26
-0.83
News Clippings
Economy

Agricultural credit falling short of demand

With its contribution of about 21% to the Gross Domestic Product and a share of 62% in total employment, agriculture continues to be the most important economic sector in Pakistan. Provision of agricultural credit at affordable interest rates and low transaction costs can play an important role in modernising agricultural production and bringing in the much-needed capital investments. more... (ET)

US loses top credit rating

For the first time in history, the United States has had its credit rating downgraded by a notch, from triple A to double A plus, causing predictions that it would affect economies around the world. more... (D)

Pakistan to hold exhibition on textile goods at Jakarta

Pakistan’s Embassy in Indonesia will hold an exhibition at National Gallery, Jakarta to showcase textile good which are famous among locals for their unique designs. The exhibition, to be arranged soon would mainly consist of old pieces of wedding dresses, stitched by nomad girls of the Sindh deserts. Such an exhibition was earlier organized in Romania as well. more... (BR)

Wheat to grow by 3.24pc this year

The wheat crop production during the current fiscal year of 2011-12 is targeted to increase by 3.24 percent over the production of last fiscal year (2010-11). As much as 25 million tons of wheat would be produced during the current fiscal year against the actual production of 24,214 million tons during last year, an official document revealed.
. more...(BR )

Company & Sector Update

SSGC role ended LNG import open to all investors

After the un-ceremonial demise of Mashal LNG import plan, the government has decided to withdraw processing of Liquefied Natural Gas (LNG) import plan from Sui Southern Gas Company and ask the interested investors to directly apply before the Oil and Gas Regulatory Authority (Ogra) to get licence for setting up of LNG terminals and send out facilities. more... (D)

SMEs, domestic industries need support of banking sector to grow

Islamabad Chamber of Commerce and Industries (ICCI) has urged upon the State Bank of Pakistan (SBP) to extend access to finance for the Small and Medium Enterprises (SMEs) in order to strengthen SMEs and the domestic industrial sector.. more... (BR)

FAP seeks government intervention to stabilise Phutti prices

Farmers Associates Pakistan (FAP) has demanded intervention of the government to stabilise fluctuating "Phutti prices" for safeguarding financial interests of the cotton growers. It urged the government to immediately direct the TCP to enter the market and start buying the lint at the price of Rs 7,000/37.324 kg till the market stabilises. more... (BR)

Energy shortage, cotton prices hit textile industry viability: Aptma

The Chairman of All Pakistan Textile Mills Association (Aptma), Gohar Ejaz, has said that energy shortage, followed by inventory losses due to sudden decline in cotton prices world-wide, has hit viability of the industry, leading to a crisis-like situation.. more... (BR)

Political

PML-N wants govt to prepare formula for new provinces

The opposition Pakistan Muslim League-N is likely to finalise on Monday its plan on the issue of making new provinces in the country. more... (D)

Gilani to meet King Abdullah today

Prime Minister Syed Yousuf Raza Gilani arrived in Jeddah on Sunday afternoon on a two-day official visit to Saudi Arabia. more...(D)

LG system 2001 restored in entire Sindh

Sindh Governor Dr Ishratul Ebad Khan has signed into law the Local Bodies (LB) Amendment Ordinance 2001 to restore the nazim-led system in entire Sindh after rolling back the commissioner system in Karachi and Hyderabad a day earlier, Geo News reported. more... (N)

PCO judges case: Gilani lets court rule, again

In an attempt to avert another executive-judiciary row, Prime Minister Yousaf Raza Gilani “de-notified” on Sunday non-functional members of the superior judiciary who had taken oath under the Provisional Constitution Order (PCO) of 2007. more... (ET)

GCC

UAE's automotive industry records high growth in sales

It seems to be a good year for the UAE's automotive industry, with signs that it might outdo the figures for 2010. more... (Gulf News)

Waterfront project to lift rents

Sharjah Residents of Al Majaz in Sharjah may see their rents rise by up to 15 per cent as the waterfront redevelopment gives the neighbourhood an uplift, a senior government official told Gulf News.. more... (Zawya)

Ray of hope for workers slapped with six-month labour ban

People who have been slapped with a six-month labour ban for breaking their contracts before the expiry of two years can work for a new company, provided they hold at least a high school diploma and have been offered a good position and salary by the new company, employers were told by the Ministry of Labour last week. more... (Zawya)

Oman: Sultanate's revenues increase to RO 2.3bn

The Sultanate's total revenues for the first quarter of the current year jumped to RO 2.308 billion as compared with RO 1.996 billion at the end of March, 2010 with a 15.6 increase. more... (Zawya)

Quote of the Day:
"Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion.” Jack Welch
 
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
04-AUG-11
05-AUG-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
88.23
0.00%
10.38%
10.38%
0.00
     
04-AUG-11
04-AUG-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
911.84
972.35
60.52

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.91
13.03
13.13
13.22
Offer
13.41
13.28
13.38
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
86.26
121.48
1.11
140.21
23.50
1.81
0.44

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.15
13.29
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
13.45
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
1.01
2.35
2.52
2.69
4.54
8.40
12.61
13.60
Change bps
1.00
5.00
-11.00
1.00
0.00
0.00
0.00
0.00

Commodities

     
05-AUG-11
08-AUG-11
change
WTI (USD/bbl)    
85.65
83.65
-2.33%
     
Brent (USD/bbl)    
107.19
106.48
-0.66%
     
Arab Light (USD/bbl)    
103.37
105.27
1.84%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
92.10
97.31
-5.35%
Furnace Oil (Rs/ton)
72,041.80
69,485.16
3.68%
Cement (Rs. Bag Avg)
396.75
397.13
-0.09%
Urea Fertilizer (Rs/bag)
1,643.33
1,616.25
1.68%
Gold 24cr (Rs./10gm) Khi
45,985.00
45,826.00
0.35%
Rice IRRI -6(Rs/100kg)
3,714.00
3,792.00
-2.06%
KCA Cotton (Rs/mound)
6,200.00
6,000.00
3.33%
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)
27.54
27.79
-0.90%
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.