BasedLine
Date: 05-September-2011
KSE-100 Index
Previous Index 11,070.58
Current Index
10,903.38
Change % 1.53%
YTD (CY11) -7.92%
YTD (FY12) -11.41%
KSE-100 Index
Previous Index 19,801.92
Current Index
20,061.90
Change % 1.31%
YTD (CY11) 6.69%
YTD (FY12) -4.18%
International Indicators
 
Close
%age
BSE-30 16,821.46 0.87
HANGSENG 20,212.91 -1.81
NIKKEI 225 8,950.74 -1.21
FTSE 5,292.00 -2.34
DJIA 11,240.26 -2.20
SSEC 2,528.28 -1.09
NASDAQ 2,480.33 -2.58
 
Close
%age
TASI 6,153.36 0.76
KSE(Kuwait) 5,850.80 0.12
BSE 1,258.03 -0.02
MSM 5,839.40 1.25
ADX 2,61097 -0.07
DFM 1,479.17 -0.31
QSE 8,440.88 1.07
Capital Market Overview

Market watch: KSE hangs tough ahead of holidays

The Karachi Stock Exchange’s benchmark 100-share index on Monday closed 0.02 percent, or 2.12 points, higher at 10,903.88. The market made an intra-day low at 10,760.91. more... (N)

NAVs and Returns
as of August 30,2011
Funds Offer Redemption
POGSF
10.11/-
10.11/-
YTD Return
13.20%
POAIIF
52.00
51.48/-
YTD Return
14.95%
POAAAF
49.16
47.93
YTD Return
-5.13%
POIAAF
54.04
52.69
YTD Return
0.84%
POAF
11.46/-
YTD Return
11.94%
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 27 3.70%
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
31.29
2,691
47.60
2.08
-7.92%
KSE30
6.35
546
37.95
1.99
-8.99%
KMI30
4.73
407
19.53
1.18
6.69%
KSE All
34.13
2,935
53.06
2.12
-7.96%
August 30, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
167.78
113.49
-15.82%
OGDC
14.90
125.48
130.08
-17.98%
UBL
2.00
56.01
43.65
-9.53%
LUCK
1.70
72.32
37.10
2.09%
August 30, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
1.50
-4.70
-3.21
Foreign Corporates
640.21
-1,920.64
-1,280.43
Overseas Pakistani
106.98
-140.47
-33.50
Grand Total
748.68
-2,065.82
-1,317.14
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
29-Aug-11
30-Aug-11
Change
Gross Buy
517.45
-36.79%
45.60
-39.27%
2.56
0.75
-70.75%
Gross Sell
-528.53
13.81%
-57.19
65.64%
-1.84
-2.07
12.27%
Net Buy/(Sell)
-11.07
-103.08%
-11.59
-128.35%
0.73
-1.32
280.43%
S.C.R.A
Country
During the Period FY12TD
29-08-2011
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
8.37
0.13
-
14.00
-
-
-5.50
0.33
-
0.33
UAE
0.87
0.52
-
1.06
4.18
-
-4.38
-
-
-
UK
11.97
0.16
-
30.93
-
-
-18.80
0.05
-
0.05
USA
32.99
-
-
61.34
-
-
-28.35
0.07
0.32
0.24
Total
69.39
0.81
-
137.79
4.18
-
-72.29
0.86
0.32
0.54
News Clippings
Economy

President’s visit: Exploring new business opportunities with China

President Asif Ali Zardari's recent visit to China is expected to open up new avenues for boosting trade and regional connectivity. more... (ET)

Remittances soar by 30pc

Remittances increased by 25 to 30 per cent during Ramazan compared to regular average monthly inflows, bankers and currency dealers said. more... (D)

Karachi unrest may hit revenue collection: FBR

Federal Bureau of Revenue (FBR) has expressed fear that the disturbed law and order situation in Karachi may adversely affect the process of revenue collection, Geo News reported Sunday. more... (N)

Sindh Bank posts pre-tax Profit of Rs628mn

Sindh Bank Limited posted an operating profit of Rs. 628.32 million and an after-tax profit of Rs408.57 million during the period from 29th October 2010 to 30th June 2011. more... (BR)

Company & Sector Update

Increasing capacity: PARCO set to approve investment in $6b refinery

The board of directors of the Pak Arab Refinery Company Ltd (Parco) is expected to approve the firm’s participation in setting up the $6 billion Khalifa Coastal Refinery at their meeting on September 9 (Friday). more... (ET)

No free lunch: A powerless private sector for power reforms

When the Economic Coordination Committee of the Cabinet decided late last month to hand over management of thermal power generation companies to the private sector for 10 years, though without giving them the power to fire existing workforce, it essentially rolled back on its own new privatisation policy, that the present Cabinet had approved on January 6 last year. more... (ET)

SNGPL restores supply to industrial zone

The Sui Northern Gas Pipelines Limited has restored supply to one of the two main industrial zones in Punjab, as Qadirpur gas field has resumed routine operations earlier than expected, providing the company with much-needed breathing space. more... (D)

Rains may ruin 1mn cotton bales

Over one million cotton bales are likely to be affected by rains in the country during the current monsoon season. more... (N)

Political

SC to resume hearing on Karachi target killings amid tight security on Monday

A special bench of the Supreme Court, headed by Chief Justice of Pakistan, Justice Iftikhar Muhammad Chaudhry will resume hearing of suo motu case on target killings in Karachi here on Monday. more... (BR)

Free, fair elections always in PPP interest: Gilani

Prime Minister Syed Yusuf Raza Gilani said that free, fair and transparent elections were always in the interest of the Pakistan Peoples Party (PPP), which was popular among the people and has its roots in all the four provinces, Azad Kashmir and Gilgit-Balitistan. more...(BR)

Gilani, Malik call Altaf, reiterate policy of reconciliation

Prime Minister Yousuf Raza Gilani and Interior Minister Rehman Malik separately called MQM chief Altaf Hussain in London on Sunday and inquired after his health amid media reports that the PPP and MQM were again coming closer and the latter would soon rejoin the government. more... (D)

Five killed in clash between two groups in Karachi

A late-night clash between two groups claimed the lives of five people in New Godhra Society, Geo News reported. more... (N)

GCC

Aldar shines but Eid fails to refresh UAE shares

Fresh volatility is hitting UAE markets after the Eid holiday. Abu Dhabi's benchmark stock index, the Abu Dhabi Securities Market Index, was down 0.15 per cent at 12.15pm. The Dubai Financial Market General Index was trading 1 per cent lower. more... (Gulf News)

Dubai hotels top regional room yields

Hotels in the emirate posted the highest room yield or RevPAR (revenue per available room — an industry benchmark) increase of 22 per cent in July in the Middle East, according to a new study. more... (Gulf News)

Mutual funds hit their lowest rung in 13 years

Stock mutual funds are having their worst year since 1998 relative to their benchmarks, as higher volatility makes it harder to pick stocks, according to JPMorgan Chase & Co. more... (Gulf News)

Abu Dhabi oil rises on Saudi price speculation

Oil from Abu Dhabi for sale to Asia rose against its benchmark amid speculation Saudi Arabia may raise export prices, making alternative crude more attractive. more... (Gulf News)

Quote of the Day:

“The golden rule for every business man is this: “Put yourself in your customer’s place.” Orison Swett Marden

 
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 25, 2011)
$17.96 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
29-AUG-11
30-AUG-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.44
0.00%
10.96%
10.96%
0.00
     
29-AUG-11
30-AUG-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
944.24
923.42
-20.83

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.03
13.05
13.13
13.23
Offer
13.53
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
87.20
126.63
1.13
143.10
23.74
1.75
0.43

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
13.12
13.08
13.28
13.08
10 Y-PIB
13.10
13.05
13.22
13.05

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
1.03
2.01
1.99
2.44
4.25
8.33
12.61
13.05
Change bps
1.00
-22.00
-23.00
-4.00
-16.00
0.00
0.00
-15.00

Commodities

     
02-SEP-11
05-SEP-11
change
WTI (USD/bbl)    
86.36
85.82
-0.63%
     
Brent (USD/bbl)    
112.41
111.61
-0.71%
     
Arab Light (USD/bbl)    
109.94
108.37
-1.43%

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
52,709.35
50,161.00
5.08%
Rice IRRI -6(Rs/100kg)
3,722.00
3.723.00
-0.03%
KCA Cotton (Rs/mound)
6,000.00
6,300.00
-4.76%
International
Current
Previous
Change
Coal Spot(USD/ton)
120.10
118.55
1.31%
Gold Futures (USD/oz)
1,881.50
1,794.95
4.82%
Sugar 11 (USD/lb)
29.18
29.30
-0.41%
Steel (USD/ton)
757.17
757.95
-0.10%
Wheat (CBT) (USD/bu)
795.00
797.00
-0.25%
PTA (USD/ton)
1,275.00
1,245.00
2.41%
Copper (USD/ton)
9,145.50
9,061.75
0.92%

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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.