BasedLine
Date: 12-August-2011
KSE-100 Index
Previous Index 11,311.29
Current Index
11,264.95
Change % -0.41%
YTD (CY11) -6.30%
YTD (FY12) -9.85%
KSE-100 Index
Previous Index 20,039.33
Current Index
19,965.89
Change % 0.37%
YTD (CY11) 6.57%
YTD (FY12) -4.28%
International Indicators
 
Close
%age
BSE-30 17,059.40 -0.42
HANGSENG 19,595.14 -0.95
NIKKEI 225 8,981.94 -0.63
FTSE 5,162.83 3.11
DJIA 10,719.94 -4.62
SSEC 2,581.51 1.27
NASDAQ 2,381.05 -4.09
 
Close
%age
TASI 6,039.32 0.51
KSE(Kuwait) 5,850.60 -0.85
BSE 1,266.37 -0.47
MSM 5,426.56 -0.82
ADX 2,588.64 -0.53
DFM 1,464.00 0.21
QSE 8,107.47 -0.25
Capital Market Overview

Market watch: Heavyweights pull stock market down

After a steep slide in the early hours, the stock market recovered as value buying covered the losses. The KSE-100 benchmark index lost 46 points or 0.41% to end the day at 11,264.95 points. more... (ET)

NAVs and Returns
as of August 11, 2011
Funds Offer Redemption
POGSF
10.06/-
10.06/-
YTD Return
15.95%
POAIIF
51.73/-
51.21/-
YTD Return
17.04%
POAAAF
49.85/-
48.60/-
YTD Return
-3.80%
POIAAF
53.34/-
52.01/-
YTD Return
-0.46%
POAF
11.40/-
YTD Return
12.26%
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
32.00
2,752
50.04
3.16
-6.30%
KSE30
6.23
536
37.09
2.99
-7.49%
KMI30
4.75
409
22.49
2.18
6.57%
KSE All
34.90
3,002
58.45
3.21
-6.38%
August 11, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
174.67
112.22
-12.36%
OGDC
13.30
127.88
114.81
-16.41%
UBL
2.00
57.99
43.16
-6.33%
LUCK
1.70
72.45
36.69
2.27%
August 11, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
4.90
(6.11)
-1.20
Foreign Corporates
5,358.55
(4,306.62)
1,051.93
Overseas Pakistani
167.72
(284.45)
-116.72
Grand Total
5531.18
(4,597.17)
934.00
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
10-Aug-11
11-Aug-11
Change
Gross Buy
496.01
-36.05%
24.16
-36.67%
1.68
5.53
229.16%
Gross Sell
-501.87
14.33%
-30.54
107.13%
-4.72
-4.59
-2.75%
Net Buy/(Sell)
-5.86
-101.71%
-6.38
-127.04%
-3.04
-0.93
-69.40%
S.C.R.A
Country
During the Period FY12TD
10-08-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
3.46
-
-
20.85
-
-
-17.38
0.31-
0.064
0.24
Switzerland
5.23
0.05
-
9.69
-
-
-4.41
-
-
-
UAE
0.87
0.23
-
0.89
-
-
-0.31
-
-
-
UK
7.85
0.13
-
19.29
-
-
-11.30
0.12
1.45
-1.32
USA
26.87
-
-
48.04
-
-
-21.17
0.88
0.73
0.13
Total
50.46
0.41
-
103.57
-
-
-53.21
2.05
2.25
-0.20
News Clippings
Economy

FBR extend dates for payment of taxes

The Federal Board of Revenue (FBR) has extended the dates for payment of taxes, duty as well as for filing of Sales Tax and Federal Excise duty returns . more... (BR)

Pakistan hits record export of $2.203bn in July

Pakistan exports maintained it upward trend with the volume $2.203 billion, the highest ever exports for the month of July in the export history of Pakistan in July 2011 . more... (DT)

Forex reserves decline to $17.975bn

The country’s foreign exchange reserves declined to $17.975 billion in the week ending on August 6, 2011, as compared to $18.312 billion in the previous week. more... (DT)

Budgetary constraints to affect US aid: report

Budgetary constraints are forcing US lawmakers to seek a balance between aid and US national security interests in Pakistan, says a congressional report . more... (D )

Company & Sector Update

Evasion of duties, taxes by cigarette manufacturers

An ineffective writ of the government has resulted in the flourishing of counterfeiting and smuggling in tobacco products, while the evasion in duties and taxes by illegal cigarette manufacturers . more... (DT)

Pakistan’s first Communications Satellite

Pakistan's first Communications Satellite PAKSAT-1R, as a part of Pakistan's Space Programme 2040, was launched on Thursday at 2117 hrs on board China's Satellite Launch Vehicle from the Xichang Satellite Launch Centre. . more... (D)

Petrol sales at record high in July owing to CNG shortage

Thanks to the gas curtailment as it turning out to be a blessing in disguise for Oil Marketing Companies (OMCs), the MS (Motor Spirit) sales touched record high of 2.5 million tonnes, Daily Times learnt.
. more... (DT)

Pakistan, Turkey to transform bilateral ties: Khar

Turkey and Pakistan on Thursday took a leap forward in their bilateral relations and agreed to transform existing historical brotherly relations into tangible economic partnership . more... (D)

Political

Govt rejects PML-N’s proposal for commission

The government has described as “non-serious” the PML-N’s proposal for setting up a national commission on the issue of new provinces.. more... (D)

Qureishi returns to the FIA, only to find co-workers missing

Zafar Qureshi, the top investigation officer probing NICL scam has re-assumed charge as Additional Director General FIA following a Supreme Court decision that rendered his suspension null and viod.. more...(ET)

Consensus bill on Sindh local govt planned

The Pakistan People’s Party has decided to table a consensus local government bill in the Sindh Assembly to address the grievances of all sections of people in the provincer. more... (D)

ANP backs nationalist parties strike

Awami National Party (ANP) Sindh chapter announced to support the strike being called by the nationalist parties of Sindh over reversal of commissionerate system in Sindh. more... (DT)

GCC

Hot and humid conditions to continue in UAE

Hot and humid conditions are expected to continue with a slight drop in the humidity and a marginal increase in temperature across the country on Friday. more... (Gulf News)

Six driving institute staffers jailed for forgery and accepting bribes

Six employees of a driving institute will spend six months in jail each after a court convicted them of accepting bribes and forging applications to obtain driving licenses . more... (Gulf News)

Kuwait posts healthy budget surplus on record income

OPEC member Kuwait posted a healthy budget surplus of 5.3 billion dinars ($19.5 billion) in the last fiscal year on record revenues thanks to high oil prices, the finance ministry said on Thursday. more... (Zawya)

To survive, companies hiring unqualified Saudis

In the Nitaqat system, companies are classified into three categories: red, yellow and green. Companies in the yellow category are given a grace period of nine months. more... (Zawya)

Quote of the Day:

The most efficient way to produce anything is to bring together under one management as many as possible of the activities needed to turn out the product.. Peter Drucker
 
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
10-AUG-11
11-AUG-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.765
-0.17%
10.79%
10.84%
4.70
     
10-AUG-11
11-AUG-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1.081.97
1,105.85
23.88

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.98
13.02
13.12
13.23
Offer
13.48
13.27
13.37
13.73

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.40
13.25
13.10
13.25
13.40
13.40
Low  
13.40
13.15
13.00
13.15
13.25
13.25

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
86.35
122.99
1.14044
139.79
23.55
1.73
0.45

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.05
13.25
13.32
Last Cut Off.
13.07
13.28
13.38
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
13.47
13.43
13.55
13.43
10 Y-PIB
13.53
13.49
13.55
13.49

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
1.04
2.32
2.54
2.28
4.40
8.21
12.61
13.49
Change bps
0.00
13.00
36.00
-20.00
-3.00
1.50
0.00
0.00

Commodities

     
11-AUG-11
12-AUG-11
change
WTI (USD/bbl)    
82.58
84.93
2.84%
     
Brent (USD/bbl)    
106.33
107.74
1.32%
     
Arab Light (USD/bbl)    
102.58
103.78
1.16%

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
49,542.00
49,364.00
1.03%
Rice IRRI -6(Rs/100kg)
3,731.00
3.707.00
0.65%
KCA Cotton (Rs/mound)
6,200.00
6,000.00
3.33%
International
Current
Previous
Change
Coal Spot(USD/ton)
118.75
121.45
-2.22%
Gold Futures (USD/oz)
1,764.10
1,793.05
-1.61%
Sugar 11 (USD/lb)
28.080
27.62
-1.08%
Steel (USD/ton)
753.73
751.04
0.36%
Wheat (CBT) (USD/bu)
733.00
719.25
1.91%
PTA (USD/ton)
1,225.00
1,170.00
4.70%
Copper (USD/ton)
8,859.50
8,573.00
3.34%

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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.