BasedLine
Date: 22-August-2011
KSE-100 Index
Previous Index 11,128.52
Current Index
10,879.82
Change % -2.23%
YTD (CY11) -9.50%
YTD (FY12) -12.93%
KSE-100 Index
Previous Index 19,893.48
Current Index
19,436.79
Change % -2.30%
YTD (CY11) 3.36%
YTD (FY12) -7.16%
International Indicators
 
Close
%age
BSE-30 16,141.67 -1.99
HANGSENG 19,399.92 -3.08
NIKKEI 225 8,719.24 -2.51
FTSE 5,040.76 -1.01
DJIA 10,817.65 -1.57
SSEC 2,534.36 -0.98
NASDAQ 2,341.84 -1.62
 
Close
%age
TASI 5,916.31 -0.25
KSE(Kuwait) 5,764.30 -1.07
BSE 1,259.80 -0.11
MSM 5,492.29 -0.63
ADX 2,555.86 -1.07
DFM 1,452.54 -1.08
QSE 8,096.09 -1.16
Capital Market Overview

Weekly review: Market slides 3.4% under peer pressure

Concerns about the state of the US economy and the deteriorating law and order situation in Karachi weighed down heavily on the market as the benchmark KSE-100 index fell below the 11,000 point barrier for the first time in 39 weeks. more... (ET)

NAVs and Returns
as of August 19,2011
Funds Offer Redemption
POGSF
10.08/-
10.08/-
YTD Return
14.16%
POAIIF
51.84/-
51.32/-
YTD Return
15.97%
POAAAF
50.26/-
49.00/-
YTD Return
-5.29%
POIAAF
52.79/-
51.47/-
YTD Return
-1.49%
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
30.85
2,653
33.56
1.70
-9.50%
KSE30
6.24
536
20.98
1.58
-3.89%
KMI30
4.61
397
15.25
1.24
3.36%
KSE All
33.72
2,900
41.01
1.78
-9.42%
August 19, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
170.95
112.92
-14.22%
OGDC
14.90
124.18
129.42
-18.83%
UBL
2.00
56.98
43.43
-7.96%
LUCK
1.70
71.02
36.92
0.25%
August 19, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
1.35
-32.22
-30.87
Foreign Corporates
545.91
(2,238.20)
-1,692.29
Overseas Pakistani
64.49
(105.04)
-40.55
Grand Total
611.75
(2,375.46)
-1,763.71
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
18-Aug-11
19-Aug-11
Change
Gross Buy
504.80
-36.73%
32.95
-45.38%
1.00
0.61
-39.00%
Gross Sell
-516.28
14.61%
-44.94
71.39%
-2.47
-2.37
-4.04%
Net Buy/(Sell)
-11.47
-103.25%
-11.99
-134.88%
-1.47
-1.76
19.72%
S.C.R.A
Country
During the Period FY12TD
19-08-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
-
-
-
Luxembourg
5.33
-
-
24.03
-
-
-18.71
0.017
0.65
-0.64
Switzerland
5.84
0.13
-
13.92
-
-
-7.94
-
-
0.049
UAE
0.86
0.52
-
1.06
4.18
-
-4.38
-
0.16
-0.16
UK
11.72
0.16
-
26.45
-
-
-14.57
-
0.61
-0.58
USA
31.46
-
-
58.61
-
-
-27.16
0.87
1.58
-0.71
Total
63.25
0.81
-
130.23
4.18
-
-70.89
0.98
3.04
1.98
News Clippings
Economy

Gold touches new peak at Rs60,600

Local gold price continued to break its previous historical record and on Friday it touched a new peak of Rs60,600 per tola, up by Rs2,200 as compared to Wednesday. more... (D)

Banks face cash crunch on heavy withdrawals

The killings and frequent market closures in Karachi failed to alter the consumer’s behavior as banks noted heavy withdrawal during Ramazan keeping the financial sector in persistent liquidity crunch. more... (D)

Weekly inflation increases 0.30 percent

The Sensitive Price Indicator (SPI), for the week ended on August 18 for the lowest income group up to Rs3,000 has registered a nominal increase of 0.30 percent over the previous week. more... (BR)

Rs 71.63bn allocated for social sector: minister

Provincial Labour Minister Haji Ehsanuddin Qureshi has said the government has allocated Rs 71.63 billion for social sector whereas record funds of Rs 220 billion have been provided for development projects. more... (BR )

Company & Sector Update

OGDCL spuds 21 new wells with 37,370 crude oil production

The Oil and Gas Development Company Limited (OGDCL) spudded as many as 21 new wells with net crude production of 37,370 Bpd, gas production of 1,013 MMcfd. more... (BR)

4th Tarbela extension project to add 1410 MW

The total generation capacity of the Tarbela Hydropower Station will touch 4,888 megawatt mark with the addition of 1,410 MW as a result of 4th extension project.Official sources told APP on Sunday that the detailed engineering design. more... (BR)

Test burn at Thar coal gasification project next month

The first test burn at the underground coal gasification project in Tharparkar is expected to be conducted in September while two foreign companies. more... (D)

KESC, SSGC still at odds over bills

The issue of circular debt between Karachi Electricity Supply Company and the Sui Southern Gas Company remains unresolved as the two utilities have not been able to thrash out. more... (D)

Political

Manzoor Wassan claims 100 target killers arrested

Sindh’s Home Minister Manzoor Wassan on Saturday claimed that the police had arrested 100 target killers involved in Karachi’s ongoing unrest, DawnNews reported. more... (D)

Zardari invites MQM to immediately rejoin govt

President Asif Ali Zardari called Muttahida Qaumi Movement chief Altaf Hussain on Friday and invited his party to immediately rejoin the ruling coalition. more...(D)

Lahore Police fails to arrest rising crime rate

The Lahore Police has been unsuccessful in controlling the law and order situation in the city. more... (DT)

Nawaz for joint strategy for Karachi peace

Pakistan Muslim League-N President Nawaz Sharif, while expressing concern over the situation in Karachi, proposed on Friday that national security institutions present their intelligence reports, analysis and recommendations before the parliament. more... (DT)

GCC

Egypt recalls envoy from Israel over deaths

Egypt said on Saturday it would withdraw its ambassador from Israel, insisting the killing of five Egyptian security personnel, while Israeli forces pursued gunmen across the border was a breach of its 1979 peace treaty with the Jewish state. more... (Gulf news)

Many doctors in small UAE clinics work on commission basis

Though it is unethical, doctors working on a commission basis in smaller clinics is a common practice in the UAE, medical professionals said. more... (Gulf news)

Adia restructures management

The Abu Dhabi Investment Authority sovereign wealth fund has promoted a key son of the country's president as it revamps one of its main fund management divisions . more... (Zawya)

Oil mixed as Libyan rebels seize parts of capital

Oil prices were mixed in early Asian trade Monday as rebels seized parts of Libya's capital and the fate of leader Moamer Kadhafi hung in the balance. more... (Zawya)

Quote of the Day:
"The successful always has a number of projects planned, to which he looks forward. Anyone of them could change the course of his life overnight." Mark Caine


 
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
18-AUG-11
19-AUG-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.03
0.03%
10.78%
10.77%
-0.70
     
18-AUG-11
19-AUG-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
913.63
914.55
0.91

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.99
13.04
13.11
13.22
Offer
13.49
13.29
13.36
13.72

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.40
13.25
13.25
13.30
13.25
13.35
Low  
12.75
13.15
13.15
13.20
13.20
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
86.88
124.79
1.14
142.88
23.55
1.73
0.47

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
0.98
2.10
2.08
2.39
4.27
8.26
12.61
13.36
Change bps
-2.00
1.00
4.00
8.00
6.00
0.00
0.00
0.00

Commodities

     
19-AUG-11
21-AUG-11
change
WTI (USD/bbl)    
81.24
81.96
0.88%
     
Brent (USD/bbl)    
106.28
106.20
-0.07%
     
Arab Light (USD/bbl)    
103.36
105.61
2.17%

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)
395.75
395.13
0.16%
Urea Fertilizer (Rs/bag)
1,718.75
1,691.25
1.63%
Gold 24cr (Rs./10gm) Khi
52,346.00
51,140.00
2.35%
Rice IRRI -6(Rs/100kg)
3,737.00
3.739.00
-0.05%
KCA Cotton (Rs/mound)
6,500.00
6,400.00
1.56%
International
Current
Previous
Change
Coal Spot(USD/ton)
118.55
121.45
-2.39%
Gold Futures (USD/oz)
1,852.10
1,823.80
1.55%
Sugar 11 (USD/lb)
30.96
29.12
6.31%
Steel (USD/ton)
756.06
756.61
-0.07%
Wheat (CBT) (USD/bu)
761.25
739.25
2.98%
PTA (USD/ton)
1,245.00
1,170.00
6.41%
Copper (USD/ton)
8,804.50
8,750.50
0.62%

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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.