BasedLine
Date: 19-August-2011
KSE-100 Index
Previous Index 11,269.95
Current Index
11,128.52
Change % -1.25%
YTD (CY11) -7.44%
YTD (FY12) -10.94%
KSE-100 Index
Previous Index 20,141.54
Current Index
19,893.48
Change % -1.23%
YTD (CY11) 5.79%
YTD (FY12) -4.98%
International Indicators
 
Close
%age
BSE-30 16,469.79 -2.20
HANGSENG 20,016.27 -1.34
NIKKEI 225 8,943.76 -1.27
FTSE 5,092.23 -4.49
DJIA 11,410.21 0.04
SSEC 2,559.47 -1.61
NASDAQ 2,511.48 -0.47
 
Close
%age
TASI 6,088.25 0.57
KSE(Kuwait) 5,826.80 -0.03
BSE 1,261.21 -0.40
MSM 5,527.09 0.71
ADX 2,583.55 -0.06
DFM 1,468.34 0.08
QSE 8,190.74 -0.15
Capital Market Overview

Market watch: Bourse plummets due to Karachi violence

The stock market witnessed a selling spree on Thursday triggered by the deteriorating law and order situation in Karachi. The KSE-100 benchmark index lost 141 points or 1.25% to end the day at 11,128.52 points. more... (ET)

NAVs and Returns
as of August 18,2011
Funds Offer Redemption
POGSF
10.08/-
10.08/-
YTD Return
14.38%
POAIIF
51.83/-
51.31/-
YTD Return
16.09%
POAAAF
50.26/-
49.00/-
YTD Return
-3.01%
POIAAF
53.64/-
52.30/-
YTD Return
0.10%
POAF
11.43/-
YTD Return
12.58%
Funds Rating
AMC
AM3
POAIIF
A+ (f)
POAF
AA-
  Jul-11 Jun -11
MoM (%)
AUM's (PKR bn) 216.00 231.32 -6.62%
No of AMCs 26 26 -
No of Funds 122 119 2.52%
KSE Market Data
KSE Market Data
Capitalization
Volume
Traded Val.
KSE Return
 
(USD bn)
(Rs. bn)
(Sh. mn)
(Rs.bn)
(YTD)
KSE100
31.57
2,715
35.45
1.62
-7.44%
KSE30
6.40
550
24.62
1.51
-1.41%
KMI30
4.72
406
16.06
0.98
5.79%
KSE All
34.46
2,964
41.62
1.69
-7.46%
August 18, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
174.60
112.84
-12.39%
OGDC
14.90
128.97
129.33
-15.70%
UBL
2.00
59.03
43.40
-4.65%
LUCK
1.70
71.93
36.89
1.54%
August 18, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
35.06
-10.35
24.71
Foreign Corporates
899.83
(2,422.16)
-1,522.33
Overseas Pakistani
66.15
(41.56)
24.59
Grand Total
1,001.04
(2,474.07)
-1,473.03
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
17-Aug-11
18-Aug-11
Change
Gross Buy
504.19
-36.48%
32.34
-42.49%
1.37
1.00
-27.00%
Gross Sell
-513.90
14.84%
-42.57
83.13%
-2.25
-2.47
9.77%
Net Buy/(Sell)
-9.71
-102.76%
-10.23
-130.75%
-0.87
-1.47
68.96%
S.C.R.A
Country
During the Period FY12TD
17-08-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
1.02
-
-
1.49
-
-
-0.47
-
0.32
-0.32
Luxembourg
5.26
-
-
23.27
-
-
-17.00
0.046
0.37
-0.32
Switzerland
5.84
0.084
-
13.92
-
-
-7.99
0.31
0.019
0.29
UAE
0.86
0.23
-
0.90
2.19
-
-2.50
-
-
-0.55
UK
11.36
0.13
-
22.53
-
-
-14.05
-
1.34
-1.34
USA
29.55
-
-
54.31
-
-
-26.76
0.11
2.64
-0.16
Total
60.61
0.44
-
126.03
2.19
-
-67.69
0.73
2.35
2.17
News Clippings
Economy

Business activity remains dull due to violence

The business activities in the city on Thursday remained thin due to a closure of business activities in old city area against the killings of traders and extortion demands from traders. more... (DT)

Finance minister briefs PM on economy

Finance Minister Abdul Hafiz Sheikh, who met Prime Minister Yousaf Raza Gilani here on Thursday, briefed him on the state of national economy, which has been showing positive indicators during the first month of Financial Year, 2011-12. more... (DT)

Pakistan eases conditions for LNG import

Pakistan has removed a condition that required companies interested in supplying LNG to enter into long-term deals and have a minimum reserve natural gas capacity of 20 years. more... (D)

Foreign exchange reserves rise to $18.04bn

The foreign exchange reserves of the country have surged to dollars 18.0423 billion, the State Bank of Pakistan (SBP) announced on Thursday. more... (BR )

Company & Sector Update

Turkey offers help to set up power units

Turkey has offered full support to Punjab government to develop power generation projects through coal, hydroelectric and wind power. more... (D)

Country to have adequate LPG supply: minister

Minister for Petroleum Dr Asim Hussain has expressed the confidence that the country will have adequate supplies of Liquefied Petroleum Gas (LPG) as Sui Southern Gas Company (SSGC) is set to acquire the Progas LPG terminal after the court formalities are cleared. more... (D)

NBP reports higher profit

(NBP) has posted a higher consolidated profit after tax of Rs 8.132 billion during the half year ending June 30, 2011. more... (BR)

Services sector to grow 5pc this year

Keeping in view the great potential for growth, the services sector of the country. more... (BR)

Political

Four more killed in Karachi’s unabated violence

Four more people were killed since Thursday night as death toll during last three days rose to 51 in the city, DawnNews reporteds .more... (D)

Moonis Elahi seeks review of verdict reinstating Zafar Qureshi

Moonis Elahi — the son of former Punjab chief minister Chaudhry Pervaiz Elahi and who has been implicated in the multi-billion-rupee National Insurance Company Limited corruption case. more...(D)

MQM chief asks PM to protect innocent Karachiites

Muttahida Qaumi Movement (MQM) chief Altaf Hussain on Thursday telephoned Prime Minister Yousaf Raza Gilani and conveyed his deep concerns over the abduction and killing of innocent people in Karachi. more... (DT)

Policy of reconciliation: High-level MQM-PPP meetings

The Pakistan Peoples Party (PPP) and Muttahida Qaumi Movement (MQM) inched closer to revive their broken alliance, by agreeing to fine-tune a proposed legislation aimed at reintroducing the local government system in Sindh. more... (ET)

GCC

Quality assurance system to be applied to buildings

By the beginning of next year, the quality assurance system will become a prerequisite before obtaining a construction licence for any building, Sami Halaseh, secretary general of the ministry, said yesterday. more... (Zawya)

Doha Cables awarded $494 million contract

The contract, valued at QR1.8 billion ($494 million) over an initial two-year period, is part of KAHRAMAA's current program to meet the growing demand for power in Qatar which it forecasts will almost double to 8GW by 2013 . more... (Zawya)

Telethon highlights UAE President's kindness

The three-day nation-wide media telethon for raising funds to assist famine and drought victims in the Horn of Africa stands testimony to the deep sense of humanity President . more... (Gulf news)

Plan to fine residents without national ID card

The Emirates Identity Authority (Emirates ID) on Thursday announced that it is working on an implementation plan for a recent government decision . more... (Gulf news)

Quote of the Day:
The winners in life think constantly in terms of I can, I will, and I am. Losers, on the other hand, concentrate their waking thoughts on what they should have or would have done, or what they can’t do. – Dennis Waitley

 
Economic Highlights
Economic Indicators
GDP Growth FY12E
4.20%
GDP -2010
$176 bn
Per Capita Income FY10
$ 1,051
Population
176.71mn
US$ Reserves (Aug 18, 2011)
$18.04 bn
Trade Balance ( July 11)
( $-1.44bn)
Curr. A/C (July 11)
$-75mn
Remittances (July 11)
$1.1bn
Foreign Investment (Jul 10- June 11)
$1.92bn
All Sch. Banks Deposit Base (Aug 05, 2011)
Rs730.32bn
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
17-AUG-11
18-AUG-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.004
0.09%
10.80%
10.78%
-2.20
     
17-AUG-11
18-AUG-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
879.51
913.63
34.13

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.02
13.04
13.12
13.22
Offer
13.52
13.29
13.37
13.72

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.40
13.30
13.30
13.30
13.30
13.35
Low  
13.40
13.20
13.20
13.20
13.20
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
86.84
124.26
1.14
143.03
23.65
1.74
0.46

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.12
13.25
13.32
Last Cut Off.
13.07
13.28
13.38
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
13.30
13.33
13.44
13.33
10 Y-PIB
13.34
13.36
13.50
13.36

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
1.00
2.09
2.04
2.31
4.21
8.26
12.61
13.36
Change bps
0.00
-11.00
-13.00
-12.00
-18.00
-6.70
0.00
-12.00

Commodities

     
18-AUG-11
19-AUG-11
change
WTI (USD/bbl)    
87.34
81.24
-6.98%
     
Brent (USD/bbl)    
110.53
106.28
-3.84%
     
Arab Light (USD/bbl)    
107.06
103.36
-3.45%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
92.10
97.31
-5.35%
Furnace Oil (Rs/ton)
70,004.84
72,041.80
-2.83%
Cement (Rs. Bag Avg)
395.13
396.75.13
-0.41%
Urea Fertilizer (Rs/bag)
1,691.25
1,643.33
2.92%
Gold 24cr (Rs./10gm) Khi
51,140.00
49,777.00
2.73%
Rice IRRI -6(Rs/100kg)
3,740.00
3.741.00
-0.03%
KCA Cotton (Rs/mound)
6,400.00
6,200.00
3.23%
International
Current
Previous
Change
Coal Spot(USD/ton)
118.55
121.45
-2.39%
Gold Futures (USD/oz)
1,823.80
1,791.25
1.82%
Sugar 11 (USD/lb)
29.12
29.49
-1.29%
Steel (USD/ton)
756.61
757.12
-0.07%
Wheat (CBT) (USD/bu)
739.25
758.00
-2.47%
PTA (USD/ton)
1,225.00
1,170.00
4.70%
Copper (USD/ton)
8,750.50
8,943.50
-2.16%

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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.