BasedLine
Date: 24-August-2011
KSE-100 Index
Previous Index 10,894.15
Current Index
10,842.26
Change % -0.48%
YTD (CY11) -9.82%
YTD (FY12) -13.23%
KSE-100 Index
Previous Index 19,531.44
Current Index
19,576.53
Change % 0.23%
YTD (CY11) 4.10%
YTD (FY12) -6.49%
International Indicators
 
Close
%age
BSE-30 16,498.47 0.96
HANGSENG 19,875.53 1.99
NIKKEI 225 8,733.01 1.21
FTSE 5,129.40 0.67
DJIA 11,176.76 2.97
SSEC 2,554.02 1.52
NASDAQ 2,446.06 4.29
 
Close
%age
TASI 5,920.73 0.07
KSE(Kuwait) 5,767.50 -0.23
BSE 1,264.83 0.09
MSM 5,489.60 0.10
ADX 2,577.55 0.26
DFM 1,458.88 -0.41
QSE 8,124.12 0.35
Capital Market Overview

Market watch: Stock market drops amid thin trade

The stock market experienced dismal activity on Monday due to the strike call by Muttahida Qaumi Movement (MQM), which caused the trading session to end 90 minutes earlier than actual time. The KSE-100 benchmark index lost 52 points or 0.48% to end the day at 10,842.26 points. more... (ET)

NAVs and Returns
as of August 23,2011
Funds Offer Redemption
POGSF
10.09/-
10.09/-
YTD Return
13.71%
POAIIF
51.90/-
51.38/-
YTD Return
15.55%
POAAAF
49.03/-
47.80/-
YTD Return
-5.38%
POIAAF
53.03/-
51.70/-
YTD Return
-1.05%
POAF
11.44/-
YTD Return
11.89%
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
30.74
2,644
17.71
1.46
-9.82%
KSE30
6.26
539
14.82
1.43
-10.30%
KMI30
4.64
399
8.01
1.03
4.10%
KSE All
33.61
2,891
22.40
1.50
-9.69%
August 23, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
169.08
111.88
-15.16%
OGDC
14.90
120.29
128.23
-21.37%
UBL
2.00
56.40
43.03
-8.90%
LUCK
1.70
71.00
36.58
0.23%
August 23, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
3.72
(2.80)
0.93
Foreign Corporates
3,257.57
(950.65)
2,306.92
Overseas Pakistani
154.74
(139.72)
15.02
Grand Total
3,416.04
(1,093.71)
2,322.87
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
22-Aug-11
23-Aug-11
Change
Gross Buy
509.06
-36.38%
37.21
-40.68%
0.84
3.42
306.67%
Gross Sell
-518.72
15.09%
-47.399
79.08%
-1.35
-1.09
-19.02%
Net Buy/(Sell)
-9.66
-102.72%
-10.18
-127.83%
-0.51
2.32
-355.46%
S.C.R.A
Country
During the Period FY12TD
22-08-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
5.36
-
-
24.08
-
-
-18.72
0.04
0.04
-0.01
Switzerland
5.84
0.13
-
13.92
-
-
-7.94
-
-
-
UAE
0.87
0.52
-
1.06
4.18
-
-4.38
-
-
-
UK
11.92
0.16
-
26.79
-
-
-14.71
0.20
0.35
-0.14
USA
31.89
-
-
59.80
-
-
-27.91
0.43
0.19
-0.76
Total
64.06
0.81
-
131.83
4.18
-
-71.67
0.81
1.59
-0.78
News Clippings
Economy

Food exports up 33pc in July

Food exports from the country surged 33.12 per cent during the first month of the current fiscal year (2011-12) to reach at $388.829 million as against the exports $292.085 million during the same month of the last fiscal year. more... (FD)

PR deficit estimated Rs53bn for current fiscal

The Pakistan Railways (PR) has estimated a deficit of around Rs53 billion for the fiscal year 2011-12 against expected earnings of Rs12 billion. more... (FD)

ADB for maintaining quality standards through public private partnership

Asian Development Bank (ADB) has underscored the importance of maintaining quality standards through public private partnership (PPP). more... (BR)

Sales Tax amendments should be revoked: PTA

The Chairman, Pakistan Tanners Association (S.Z), Aziz Ahmed has demanded of the government to immediately stop implementations on the amendments in the sales tax and federal excise duty returns. more... (BR )

Company & Sector Update

Pakistan Steel taking serious measures for improvement

Despite facing huge financial crisis, country’s only steel production unit Pakistan Steel’s (PS) current management is taking keen steps for improvement in its overall performance by increasing its sale and reducing the losses. more... (DT)

ECC approves LPG Production, Distribution Policy 2011

The Economic Coordination Committee (ECC) of the Cabinet here on Tuesday approved liquefied petroleum gas (LPG) Production and Distribution Policy 2011, empowering the government to collect differential and other incidental charges in the form of petroleum levy worth Rs 3 billion annually. more... (DT)

Private firms to manage power generation companies

With 40 per cent capacity lost to mismanagement and privatisation having been ruled out, the government has decided to hand over control of Wapda's four generation companies (Gencos) to private firms on management contracts under a performance-based structure of incentives. more... (D)

Cotton purchase: FBR agrees to withdraw withholding tax

After days of dillydallying, the Federal Board of Revenue (FBR) on Tuesday agreed to withdraw the 3.5 per cent withholding tax levied at the stage of cotton purchase, prompting ginning factories to call off the strike. more... (ET)

Political

PPP decides not to call in Army in Karachi

The core committee of Pakistan Peoples Party (PPP) Tuesday decided not to call in Army, however Rangers would carry out surgical operation in the country’s financial hub to control law and order situation, sources said. more... (N)

Karachi: police, Rangers jointly launch search operation

Police and Rangers jointly carried out search operation in various parts of the metropolis on late Tuesday, detaining six suspects and recovering weapons from their possessions, Geo News reported. more...(N)

SC seeks report on illegally occupied Auqaf land in Punjab

The Supreme Court (SC), on Tuesday, directed Punjab Auqaf Department secretary to submit a comprehensive report on the property attached so far and the land retrieved from illegal occupants within four weeks, besides further measures to secure it. more... (DT)

SC gives government two weeks to repost Asghar

The Supreme Court on Tuesday granted another two weeks to the federal government to repost Hussain Asghar as the additional director general of the Federal Investigation Agency (FIA) to resume probe into Hajj arrangements corruption case. more... (DT)

GCC

Qatar's Alfardan Properties to invest in Muscat real estate project

Alfardan Properties, an innovative leader in Qatar's real estate industry, has announced that it is stepping up efforts to enhance and expand the value-added services and amenities at the 'Meydan Alathaibah', which is fast emerging as a model community in Oman. more... (Zawya)

Mohammad to inaugurate Green Line on September 9

Dubai Metro’s Green Line will be inaugurated on September 9 by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. more... (Zawya news)

Dewa income up 8.6%, loans fall

The Dubai Electricity and Water Authority (Dewa) announced an 8.6 per cent increase in income in the first six months of 2011, according to a statement posted on Nasdaq Dubai bourse Tuesday. more... (Gulf news)

Danube opens six new retail facilities

Danube Building Materials has opened six new retail facilities in the Gulf and India as part of its expansion programme for 2015, part of the ongoing Dh200 million expansion initiative. more... (Gulf News)

Quote of the Day:

"Thoroughness characterizes all successful men. Genius is the art of taking infinite pains. All great achievement has been characterized by extreme care, infinite painstaking, even to the minutest detail." Elbert Hubbard

 
Economic Highlights
Economic Indicators
GDP Growth FY12E
4.20%
GDP -2011
$180 bn
Per Capita Income FY11
$ 1,254
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 11)
$-29.67mn
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
22-AUG-11
23-AUG-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.773
-0.30%
10.77%
10.85%
8.20
     
22-AUG-11
23-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
12.95
13.04
13.12
13.22
Offer
13.45
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  
13.25
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
87.00
125.04
1.13
143.38
23.69
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

     
23-AUG-11
24-AUG-11
change
WTI (USD/bbl)    
85.01
85.48
0.55%
     
Brent (USD/bbl)    
108.79
109.34
0.51%
     
Arab Light (USD/bbl)    
105.42
107.06
1.56%

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
51,514.00
52,628.00
-2.12%
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)
30.82
30.79
0.10%
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.