BasedLine
Date: 30-August-2011
KSE-100 Index
Previous Index 10,901.76
Current Index
10,903.38
Change % 0.02%
YTD (CY11) -9.30%
YTD (FY12) -12.74%
KSE-100 Index
Previous Index 19,722.94
Current Index
19,801.92
Change % 0.40%
YTD (CY11) 5.30%
YTD (FY12) -5.42%
International Indicators
 
Close
%age
BSE-30 16,416.30 3.58
HANGSENG 19,865.10 1.44
NIKKEI 225 8,851.35 0.61
FTSE 5,129.92 -0.02
DJIA 11,539.20 2.26
SSEC 2,576.41 -1.37
NASDAQ 2,562.11 3.32
 
Close
%age
TASI 5,979.30 0.99
KSE(Kuwait) 5,791.30 0.07
BSE 1,258.25 -0.22
MSM 5,767.35 1.14
ADX 2,616.02 0.54
DFM 1,492.44 1.22
QSE 8,351.77 0.75
Capital Market Overview

Market watch: Market ends range-bound in dull session

The market managed to recover early losses and close range-bound on Monday as activity remained dull ahead of the long holidays. more... (ET)

NAVs and Returns
as of August 29,2011
Funds Offer Redemption
POGSF
10.11/-
10.11/-
YTD Return
13.20%
POAIIF
51.98
51.46/-
YTD Return
15.03%
POAAAF
48.55
47.34
YTD Return
-6.29
POIAAF
53.49
52.15
YTD Return
-0.19
POAF
11.46/-
YTD Return
11.96%
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
33.25
1.72
-9.30%
KSE30
6.26
538
25.01
1.63
-3.53%
KMI30
4.67
402
12.88
1.04
5.30%
KSE All
33.67
2,895
36.83
1.75
-9.29%
August 29, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
164.83
112.84
-17.30%
OGDC
14.90
124.26
129.33
-18.78%
UBL
2.00
55.86
43.40
-9.77%
LUCK
1.70
72.00
36.89
1.64%
August 29, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
6.65
-3.83
2.82
Foreign Corporates
2,461.41
-1,739.94
721.47
Overseas Pakistani
95.72
-93.19
2.52
Grand Total
2,563.78
-1,836.97
726.81
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
25-Aug-11
29-Aug-11
Change
Gross Buy
516.71
-36.26%
44.85
-14.75%
2.52
2.56
1.59%
Gross Sell
-526.46
15.12%
-55.13
-33.00%
-1.57
-1.84
-17.20
Net Buy/(Sell)
-9.76
-102.72%
-10.28
-65.37%
0.95
0.73
-23.16
S.C.R.A
Country
During the Period FY12TD
26-08-2011
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
-
-
24.23
-
-
-18.87
-
-
-
Switzerland
8.03
0.13
-
14.00
-
-
-5.83
-
-
-
UAE
0.87
0.52
-
1.06
4.18
-
-4.38
-
-
-
UK
11.92
0.16
-
30.93
-
-
-18.85
-
0.60
-0.60
USA
32.92
-
-
61.02
-
-
-28.11
0.04
0.06
-0.02
Total
68.53
0.81
-
137.47
4.18
-
-72.83
0.96
0.66
0.29
News Clippings
Economy

IPO-Pakistan will be made trade, commerce friendly body

Intellectual Property Organisation (IPO-Pakistan) would be made trade and commerce friendly organisation by strict enforcement of trademark, patent and copyright infringement laws. more... (DT)

Karachi’s real estate market slumps

Investment in land and property has been traditionally considered as the safest avenue for ordinary people. more... (D)

Trading remains range-bound on firm spot rate, slow supply

The buyers remained cautious for grade with range-bound trading amid firm spot rate, traders at Karachi Cotton Association (KCA) said on Monday. more... (DT)

Iranian gas still a long way

A formal discussion on extending the deadline is expected soon. Islamabad is seeking extension in the cut-off date because of a penalty clause in the agreement that makes mandatory for it to buy gas from Tehran or pay for the equivalent quantities if it is unable to purchase.more... (D )

Company & Sector Update

Cash crisis worsens for power sector

With furnace oil supplies at a critical point, the ministry of finance has declined to release Rs25 billion ordered by the prime minister 10 days ago to oil suppliers and power companies to ease the circular debt and energy crisis in the country.. more... (D)

NewSat signs $134m Jabiru satellite contract to Pak telco

Satellite provider NewSat has signed a 10-year $134 million contract to provide satellite capacity to Pakistani telco 3A Technology, hot on the heels of a similar $105 million deal earlier this month, ZDNet.com.au reported on Monday. more... (DT)

HBFCL announces strong profit-after-tax of Rs 95m in 1H2011

House Building Finance Company Limited – HBFCL (previously known as the House Building Finance Corporation Limited), created history Monday by announcing an after-tax profit of Rs 95.0 million for the first half of 2011. more... (DT)

Interest rates stable

Whatever adjustment the market had to make has been made,” remarked a treasurer of a local bank referring to 48-55 basis points decline in weighted average rates of return on TBs in the first auction. more... (D)

Political

Mirza`s tirade unacceptable, says PPP

The ruling Pakistan People`s Party described on Monday former Sindh home minister Dr Zulfikar Mirza`s tirade against the Muttahida Qaumi Movement, its chief Altaf Hussain and Interior Minister Rehman Malik as an “unacceptable violation of party discipline”, but announced no action against him. more... (D)

Two dead in blast in Karachi’s Gulshan-i-Iqbal

At least two people were killed and several injured on Tuesday morning when a blast took place at the Abul Hasan Isphahani Road in Karachi’s Gulshan-i-Iqbal Town, DawnNews reported. more...(D)

SSP orders not to take any action without his consent

Highly placed official of interior ministry on condition of anonymity confirmed that the new SSP had given a general instruction that Islamabad police department would not even initiate any step without his permission. more... (DT)

SC calls for reports on Karachi killings, adjourns hearing

Supreme Court of Pakistan Monday directed Attorney General to place on record requisite reports from Inter Services Intelligence. more... (BR)

GCC

Jordan Islamic Bank posts JD13.4m net after-tax profit during first half of 2011

Deputy Chairman Musa Shihadeh indicated that the bank's assets plus its managed accounts went up to around JD3 billion at the end of June 2011 compared to JD2.8 billion at the end of 2010. more... (Zawya)

Kuwait equities continue to drop

(KSE) continued its losses for the third consecutive week, ending last week in the red zone, in light of continued sales transactions that controlled the trading on the one hand more... (Zawya)

Egypt to resume Jordan gas sales

Egypt will sign a deal to resume gas exports to Jordan next month despite attacks by armed groups on the gas pipeline in Egypt's Sinai region, Egyptian state news agency Mena cited Jordan Energy Minister Khaled Toukan as saying Monday. more... (Gulf News)

Nasdaq Dubai to migrate Dubai Gold Securities

NASDAQ Dubai said Monday that it intends to migrate the trading of Dubai Gold Securities (DGS) to the DFM X-Stream Trading Platform . more... (Gulf News)

Quote of the Day:

“If you're attacking your market from multiple positions and your competition isn't, you have all the advantage and it will show up in your increased success and income.” Jay Abraham

 
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
25-AUG-11
29-AUG-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.44
-0.03%
10.95%
10.96%
1.20
     
25-AUG-11
29-AUG-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
969.95
944.24
-25.71

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.01
13.05
13.13
13.23
Offer
13.51
13.30
13.38
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
13.30
13.30
13.25
13.40
Low  
13.00
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
87.25
126.34
1.14
142.34
23.65
1.75
0.48

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.20
13.25
13.35
Last Cut Off.
13.07
13.28
13.38
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
13.28
13.22
13.33
13.22
10 Y-PIB
13.22
13.20
13.28
13.20

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
1.02
2.23
2.22
2.48
4.41
8.33
12.61
13.20
Change bps
-2.00
7.00
0.00
-2.00
-2.00
2.50
0.00
-6.00

Commodities

     
29-AUG-11
30-AUG-11
change
WTI (USD/bbl)    
85.42
87.30
2.20%
     
Brent (USD/bbl)    
110.65
112.26
1.45%
     
Arab Light (USD/bbl)    
108.40
108.62
0.20%

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)
390.63
395.13
-1.30%
Urea Fertilizer (Rs/bag)
1,707.92
1,718.75
-0.63%
Gold 24cr (Rs./10gm) Khi
50,161.00
51,203.39
-2.0%
Rice IRRI -6(Rs/100kg)
3,779.00
3.781.00
-0.05%
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)
1,788.43
1,827.95
2.70%
Sugar 11 (USD/lb)
29.89
30.22
2.09%
Steel (USD/ton)
757.77
756.85
0.12%
Wheat (CBT) (USD/bu)
797.00
777.25
2.54%
PTA (USD/ton)
1,260.00
1,245.00
1.20%
Copper (USD/ton)
9,061.75
8,859.50
2.28%

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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.