BasedLine
Date: 26-August-2011
KSE-100 Index
Previous Index 10,941.08
Current Index
10,901.76
Change % -0.36%
YTD (CY11) -9.32%
YTD (FY12) -12.76%
KSE-100 Index
Previous Index 19,813.17
Current Index
19,722.94
Change % -0.46%
YTD (CY11) 4.88%
YTD (FY12) -5.80%
International Indicators
 
Close
%age
BSE-30 16,146.33 -0.85
HANGSENG 19,752.48 1.47
NIKKEI 225 8,772.36 1.54
FTSE 5,131.10 -1.43
DJIA 11,149.82 -1.51
SSEC 2,615.26 2.92
NASDAQ 2,419.63 -1.95
 
Close
%age
TASI Closed -
KSE(Kuwait) 5,785.60 0.06
BSE 1,260.95 -0.06
MSM 5,584.67 1.23
ADX 2,590.49 0.32
DFM 1,465.01 0.53
QSE 8,171.48 0.77
Capital Market Overview

Market watch: Bourse falls ahead of long weekend

Stock market fell on Thursday as investors opted to book profits at higher levels ahead of the long weekend. more... (ET)

NAVs and Returns
as of August 25,2011
Funds Offer Redemption
POGSF
10.10/-
10.10/-
YTD Return
13.43%
POAIIF
51.93/-
51.41/-
YTD Return
15.36%
POAAAF
48.86/-
47.64/-
YTD Return
-5.70%
POIAAF
53.45/-
52.11/-
YTD Return
-0.27%
POAF
11.44/-
YTD Return
11.92%
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
30.86
2,654
38.75
2.15
-9.32%
KSE30
6.28
540
32.16
2.00
-10.09%
KMI30
4.66
401
20.72
1.43
4.88%
KSE All
33.68
2,896
44.82
2.21
-9.31%
August 25, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
168.90
112.81
-15.25%
OGDC
14.90
125.15
129.30
-18.20%
UBL
2.00
56.92
43.39
-8.06%
LUCK
1.70
71.20
36.88
0.15%
August 25, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
2.04
(68.93)
-66.89
Foreign Corporates
2,191.54
(1,386.16)
805.38
Overseas Pakistani
328.36
(119.20)
209.16
Grand Total
2,521.93
(1,574.28)
947.65
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
24-Aug-11
25-Aug-11
Change
Gross Buy
514.14
-36.03%
42.29
-36.19%
2.56
2.52
-1.36%
Gross Sell
-524.63
16.02%
-53.29
90.66%
-4.33
-1.57
-63.64%
Net Buy/(Sell)
-10.48
-102.93%
-11.00
-128.48%
-1.77
0.95
-153.46%
S.C.R.A
Country
During the Period FY12TD
24-08-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
-
-
24.16
-
-
-18.80
-
-
-
Switzerland
6.46
0.13
-
14.00
-
-
-7.40
0.59
-
0.59
UAE
0.87
0.52
-
1.06
4.18
-
-4.38
-
-
-
UK
11.92
0.16
-
28.55
-
-
-16.46
-
0.02
-0.02
USA
32.44
-
-
60.57
-
-
-28.13
0.56
0.35
0.21
Total
65.55
0.81
-
134.53
4.18
-
-72.88
1.19
0.36
0.83
News Clippings
Economy

Forex reserves ease to $17.96bn

Pakistan's foreign exchange reserves fell to $17.96 billion in the week ending August 20, from $18.04 billion the previous week, due to scheduled debt repayments, a senior central bank official said on Thursday. more... (FD)

Profit repatriation up 76pc to $109.6mn in July

The repatriation of foreign exchange in the form of profit and dividend has increased by 76 per cent during July, the first month of the new fiscal year. more... (FD)

Thar coal gasification: Project to become operational by 2013

The Thar coal project will become operational in December 2013, member of the Science and Technology Planning Commission, Dr Samar Mubarakmand, said on Thursday. more... (ET)

Electricity: Power shortfall drops to 3,175MW

The electricity shortfall in the country on Thursday dropped to 3,175 megawatts (MW) from 4,059MW, as the total power generation was recorded at 14,320MW against the demand of 17,495MW during the last 24 hours. more... (ET )

Company & Sector Update

Shares manipulation: Conflict of interest hampering

The two high profile cases of alleged share manipulation by their sponsors investigated by the Securities and Exchange Commission of Pakistan (SECP) have not been taken to the courts for prosecution for more than two years apparently owing to conflict of interest. more... (D)

Late buying helps recover earlier losses at KSE

Shares ended lower at the Karachi Stock Exchange (KSE) on Thursday as invertors stayed cautious and preferred to book profits ahead of the long weekend as the market would remain close on Friday on account of last Friday of Ramadan. more... (FD)

Thar coal project to be operational from Dec 2013’

Thar coal project will be operational from December 2013 which will bring prosperity in the country, said Dr Samar Mubarakmand member Science and Technology Planning Commission on Thursday. more... (DT)

ICI announces after tax profit of Rs 0.973bn for H1

The Board of Directors of ICI Pakistan Limited has announced the financial results for half year ended for June 30, 2011. The company posted an after tax profit of Rs 0.973 billion, which was 17 percent less than the same period last year. more... (DT)

Political

Two arrested in Imran Farooq murder case

Two men were arrested at Karachi airport a few days ago in connection with the killing of MQM leader Imran Farooq in London in September last year. more... (D)

MQM moves to become party in SC case

A day before a crucial Supreme Court hearing on the volatile law and order situation in Karachi, a Muttahida Qaumi Movement (MQM) delegation met the court`s registrar and informed him of the party`s desire to become a party in the suo motu case. more...(ET)

Bone of contention: CJ questions top auditor's appointment

The recent appointment of a new auditor-general has become a simmering point of contention for the government – the latest quarter raising questions being none other than the Supreme Court. more... (ET)

Pak-India detente needs mutual trust: Hina

India and Pakistan should learn to live with each other's positions and talk so that “issues” between the two countries do not pass on to the next generation, Foreign Minister Hina Rabbani Khar has said. more... (FD)

GCC

LG Chem signs $4b Kazakh chemical deal

LG Chem, South Korea's largest chemical company, signed a deal worth at least $4 billion (Dh14.6 billion) Thursday to develop a large petrochemical complex in Kazakhstan it says will rival Middle Eastern suppliers. more... (Gulf News)

Saudi Arabia's cement industry to fuel sector profitability in Gulf

Saudi Arabia remains the only driver of GCC cement sector profitability with the net profit increasing by 13.5 percent year-on-year in H1 2011, Global Investment House (GIH) said in a research note. The other member countries were expected to continue an erosion in their profitability, it added. more... (Zawya news)

RAM Ratings reaffirms AA1(bg)/P1 ratings of AEON Credit's RM400 million debt facility, with stable outlook

RAM Ratings has reaffirmed the respective long- and short-term ratings of AA1(bg) and P1 for AEON Credit Service (M) Berhad's (AEON Credit or the Company) RM400 million Conventional and Islamic Commercial Papers/Medium-Term Notes (CP/MTN) Programme, with a stable outlook. The ratings reflect the strength of the unconditional and irrevocable guarantee extended by a consortium of 3 guarantor banks - Bank of Tokyo Mitsubishi UFJ Ltd, Mizuho Corporate Bank Ltd, and Malayan Banking Berhad - based on the weakest-link approach. more... (Zawya)

Wasl hopes to acquire 30% of freehold market in Dubai

Wasl Properties is expanding into facilities management (FM) in a big way, with 26,000 residential units currently under management, its officials told. more... (Gulf News)

Quote of the Day:

“To succeed in business, to reach the top, an individual must know all it is possible to know about that business.” J. Paul Getty

 
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)
$-1.48bn
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
24-AUG-11
25-AUG-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.86
0.32%
10.91%
10.83%
-8.00
     
24-AUG-11
25-AUG-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
958.89
980.65
21.77

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.02
13.06
13.12
13.23
Offer
13.52
13.31
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
13.25
13.30
13.25
13.40
Low  
13.40
13.15
13.15
13.15
13.20
13.30

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
86.8
125.08
1.12
143.13
23.63
1.73
0.43

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

     
25-AUG-11
26-AUG-11
change
WTI (USD/bbl)    
85.12
85.11
-0.01%
     
Brent (USD/bbl)    
110.17
110.74
0.52%
     
Arab Light (USD/bbl)    
106.96
107.78
0.77%

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
50,500.93
49,891.34
1.22%
Rice IRRI -6(Rs/100kg)
3,781.00
3.757.00
0.64%
KCA Cotton (Rs/mound)
6,000.00
6,300.00
-4.76%
International
Current
Previous
Change
Coal Spot(USD/ton)
118.40
118.55
-0.13%
Gold Futures (USD/oz)
1,776.70
1,755.00
1.24%
Sugar 11 (USD/lb)
29.60
30.18
-1.92%
Steel (USD/ton)
756.85
757.23
-0.05%
Wheat (CBT) (USD/bu)
777.25
784.50
-0.92%
PTA (USD/ton)
1,260.00
1,245.00
1.20%
Copper (USD/ton)
8,859.50
8,830.75
0.33%

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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.