BasedLine
Date: 23-August-2011
KSE-100 Index
Previous Index 10,879.82
Current Index
10,894.15
Change % 0.13%
YTD (CY11) -9.39%
YTD (FY12) -12.82%
KSE-100 Index
Previous Index 19,436.79
Current Index
19,531.44
Change % 0.49%
YTD (CY11) 3.87%
YTD (FY12) -6.71%
International Indicators
 
Close
%age
BSE-30 16,341.70 1.24
HANGSENG 19,486.87 0.45
NIKKEI 225 8,628.13 -1.04
FTSE 5,095.30 1.08
DJIA 10,854.65 0.34
SSEC 2,515.86 -0.73
NASDAQ 2,345.38 0.15
 
Close
%age
TASI 5,916.31 0.00
KSE(Kuwait) 5,780.90 0.29
BSE 1,263.70 0.31
MSM 5,484.32 -0.15
ADX 2,570.95 0.59
DFM 1,464.86 0.85
QSE 8,095.54 -0.01
Capital Market Overview

Market watch: Stock market crawls up amid dismal volumes

The stock market after oscillating up and down during trade on Monday closed up amid dull volumes. The Karachi Stock Exchange’s (KSE) benchmark 100-share index rose 0.13 per cent or 14.33 points to end at 10,894.15 point level, in line with regional markets. more... (ET)

NAVs and Returns
as of August 22,2011
Funds Offer Redemption
POGSF
10.09/-
10.09/-
YTD Return
13.80%
POAIIF
51.88/-
51.36/-
YTD Return
15.65%
POAAAF
49.13/-
47.90/-
YTD Return
-5.19%
POIAAF
52.98/-
51.66/-
YTD Return
-1.13%
POAF
11.43/-
YTD Return
11.87%
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
30.89
2,656
27.58
1.39
-9.39%
KSE30
6.26
538
18.34
1.31
-3.52%
KMI30
4.63
399
8.26
0.74
3.87%
KSE All
33.74
2,902
35.73
1.45
-9.33%
August 22, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
170.95
111.88
-14.22%
OGDC
14.90
124.18
128.23
-18.83%
UBL
2.00
56.98
43.03
-7.96%
LUCK
1.70
71.02
36.58
0.25%
August 22, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
3.39
-1.38
2.02
Foreign Corporates
740.51
(1,250.94)
-510.43
Overseas Pakistani
99.67
(100.60)
-0.93
Grand Total
843.57
(1,352.91)
-509.35
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
19-Aug-11
22-Aug-11
Change
Gross Buy
505.65
-36.62%
33.79
-43.98%
0.61
0.84
37.70%
Gross Sell
-517.63
14.91%
-46.29
76.55%
-2.37
-1.35
-43.03%
Net Buy/(Sell)
-11.98
-103.39%
-12.50
-136.36%
-1.76
-0.51
-71.02%
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

Financial constraints: Over 1,500 industries shut down in five years

A total of 1,579 industrial units have been shut down in the last five years across the country for various reasons, sources said on Monday. more... (ET)

Exports to UK increase 17%

Exports to the United Kingdom have increased by approximately 17% to $684.09 million during the first half of 2011 compared with the same period last year, according to a statement issued by Pakistan High Commission in the UK. more... (ET)

Gold jumps to new peak, reaches Rs61,400 per tola

Gold jumped by Rs857 to close at all time high of Rs52,628 per 10 grams in the local market Monday, as its international price also soared to $ 1,881 an ounce, market sources said. more... (BR)

Rupee once again at record low against dollar

Import payments and gloomy sentiment about Pakistan’s economic outlook forced the rupee to a fresh record low on Monday for the fourth consecutive trading session, dealers said. The rupee closed at 87.00/07 to the dollar, down from the previous record low of 86.95/99 on Saturday. more... (FD )

Company & Sector Update

Vision 2020: PTA forecasts all around growth in telecom sector

Total investments in the country’s telecom sector will be $2.4 billion by 2020, a Pakistan Telecommunication Authority (PTA) study said on Monday. more... (ET)

LPG Policy 2011: Govt may impose tax on locally produced LPG

The country’s top economic decision making body is expected to approve imposition of petroleum levy (PL), a type of tax, ranging between $100 and $120 per ton on locally produced Liquefied Petroleum Gas (LPG) in the LPG Policy 2011 today (Tuesday). more... (BR)

Banking sector: Big five profits surge 24%

The big five banks have posted above average growth of 24% in the first six month of 2011 to reach Rs40 billion. more... (ET)

Textile exports grow at 14.22 percent to 1.121bn

The textile exports during the first month of the current fiscal year (2011-12) were recorded at $1.121 billion, showing an increase of 14.22 percent. more... (BR)

Political

Advice: Resign if you can't stop the violence, Altaf tells PM

Muttahida Qaumi Movement chief Altaf Hussain, whose party will observe a day of mourning today (Tuesday), has advised Prime Minister Yousaf Raza Gilani to step down if he is unable to bring an end to the violence in the city. more... (ET)

Continuing violence: Govt opts for ‘surgical operations’ in Karachi

A special meeting of the Sindh cabinet presided over by Prime Minister Yousaf Raza Gilani on Monday has decided to launch ‘surgical operations’ against suspects involved in the ongoing violence in Karachi. more...(ET)

Muttahida and ANP refuse to meet Gilani

Prime Minister Yousuf Raza Gilani called for stern action to end the orgy of killings in Karachi, but he was put in an awkward position on Monday when a coalition partner stayed away from the Sindh cabinet meeting. more... (D)

Nawaz for joint strategy for Karachi peace

President Asif Ali Zardari has summoned Sindh Senior Minister Dr Zulfiqar Mirza in Islamabad, Geo News reported. more... (N)

GCC

Tripoli ‘under control’ of Qadhafi forces, says son

Tripoli is “under control” of the regime, a son of Libyan strongman Moamer Qadhafi claimed early Tuesday, after rebels said they had taken most of the capital and gunfire rattled the port city. more... (D)

High spending to spur Saudi growth

Global market turbulence could hit business confidence in Saudi Arabia in the short run but the domestic economy will not be impacted as high spending will spur growth, a Saudi investment firm said on Tuesday. more... (Zawya news)

Outlook for gold prices continues to be bullish

Despite recent profit-taking in gold, bets are being placed the precious yellow metal's prices will scale new highs over the medium to long-term on signs the global economic growth is faltering, experts say . more... (Gulf news)

Abu Dhabi shakes up leading company managers

Abu Dhabi, the oil-rich emirate, has changed the senior management of some of its most strategic companies as the sheikhdom adjusts to a tougher economic environment and the government reassesses previous plans . more... (Zawya)

Quote of the Day:


"The successful man is the one who finds out what is the matter with his business before his competitors do." Roy L. Smith


 
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
19-AUG-11
22-AUG-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.773
-0.30%
10.77%
10.85%
8.20
     
19-AUG-11
22-AUG-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
914.55
923.05
8.51

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.88
13.03
13.11
13.22
Offer
13.38
13.28
13.36
13.72

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.25
13.10
13.20
13.25
13.25
13.40
Low  
11.00
13.00
13.10
13.10
13.20
13.30

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
86.09
124.84
1.15
143.15
23.65
1.73
0.47

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.20
13.25
13.30
Last Cut Off.
13.07
13.28
13.38
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
13.30
13.33
13.30
13.33
10 Y-PIB
13.34
13.36
13.34
13.36

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
1.01
2.10
2.13
2.38
4.32
8.27
12.61
13.36
Change bps
3.00
0.00
5.00
-1.00
5.00
1.00
0.00
0.00

Commodities

     
22-AUG-11
23-AUG-11
change
WTI (USD/bbl)    
81.96
85.01
3.72%
     
Brent (USD/bbl)    
106.20
108.79
2.44%
     
Arab Light (USD/bbl)    
105.61
105.42
-0.18%

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
52,628.00
51,771.00
1.66%
Rice IRRI -6(Rs/100kg)
3,758.00
3.737.00
0.56%
KCA Cotton (Rs/mound)
6,300.00
6,500.00
-3.08%
International
Current
Previous
Change
Coal Spot(USD/ton)
118.40
121.45
-2.51%
Gold Futures (USD/oz)
1,897.60
1,852.10
2.46%
Sugar 11 (USD/lb)
30.79
30.96
-0.55%
Steel (USD/ton)
756.45
756.06
0.05%
Wheat (CBT) (USD/bu)
766.00
761.25
0.62%
PTA (USD/ton)
1,260.00
1,170.00
7.69%
Copper (USD/ton)
8,699.75
8,804.50
-1.19%

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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.