BasedLine
Date: 06-September-2011
KSE-100 Index
Previous Index 11,070.58
Current Index
11,162.39
Change % 0.83%
YTD (CY11) -7.15%
YTD (FY12) -10.67%
KSE-100 Index
Previous Index 20,061.90
Current Index
20,188.69
Change % 0.63%
YTD (CY11) 7.36%
YTD (FY12) -3.57%
International Indicators
 
Close
%age
BSE-30 16,713.33 -0.64
HANGSENG 19,616.40 -2.95
NIKKEI 225 8,784.46 -1.86
FTSE 5,102.60 -3.58
DJIA n/a n/a
SSEC 2,478.74 -1.96
NASDAQ n/a n/a
 
Close
%age
TASI 6,090.54 -1.02
KSE(Kuwait) 5,852.80 0.15
BSE 1,261.04 0.24
MSM 5,792.90 0.44
ADX 2,603.06 -0.37
DFM 1,478.84 -0.33
QSE 8,307.48 -1.58
Capital Market Overview

Market watch: Bourse gains on renewed interest

Renewed investor interest after a five-day break helped the Karachi stock market close higher on Monday. more... (ET)

NAVs and Returns
as of September 05,2011
Funds Offer Redemption
POGSF
10.13/-
10.13/-
YTD Return
12.76%
POAIIF
52.08
51.56/-
YTD Return
14.52%
POAAAF
49.53
48.29
YTD Return
-4.41%
POIAAF
54.21
52.85
YTD Return
1.15%
POAF
11.50/-
YTD Return
12.71%
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
31.53
2,712
62.82
3.29
-7.15%
KSE30
6.43
553
48.97
3.16
-7.86%
KMI30
4.76
409
25.00
1.93
7.36%
KSE All
34.38
2,956
74.19
3.39
-7.25%
September 05, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
174.16
113.49
-12.61%
OGDC
14.90
127.80
130.08
-16.47%
UBL
2.00
57.21
43.65
-7.59%
LUCK
1.70
71.78
37.10
1.33%
September 05, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
52.87
-60.28
-7.41
Foreign Corporates
5,027.33
-4,770.77
256.56
Overseas Pakistani
112.03
-131.69
-19.66
Grand Total
5,192.24
-4,962.75
229.49
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
30-Aug-11
05-Sep-11
Change
Gross Buy
522.65
-37.08%
5.19
-56.99%
0.75
5.19
593.52%
Gross Sell
-533.49
13.65%
-4.96
-1.00%
-2.07
-4.96
140.23%
Net Buy/(Sell)
-10.84
-102.95%
-0.23
-96.78%
-1.32
0.23
-117.42%
S.C.R.A
Country
During the Period FY12TD
30-08-2011
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
1.07
-
-
1.49
-
-
-0.42
0.06
-
0.06
Luxembourg
5.36
-
-
24.23
-
-
-18.93
-
0.06
-0.06
Switzerland
8.37
0.13
-
14.00
-
-
-5.50
-
-
-
UAE
0.87
0.52
-
1.06
4.18
-
-4.38
-
-
-
UK
12.64
0.16
-
32.98
-
-
-20.18
0.67
2.05
-1.38
USA
35.41
-
-
61.39
-
-
-25.98
2.42
0.05
2.37
Total
72.58
0.81
-
139.96
4.18
-
-71.27
3.19
2.17
1.02
News Clippings
Economy

Country's forex reserves ease to $17.90bn

Pakistan's foreign exchange reserves fell to $17.90 billion in the week ending August 27, from $17.96 billion in the previous week, State Bank of Pakistan (SBP) said on Monday. more... (BR)

Govt adopts tight cash release policy to contain fiscal deficit

The government has released Rs30 billion in the first two months (July and August) of the current fiscal year, which is about 10 per cent of the Rs290 billion federal public sector development programme (PSDP). more... (D)

Rupee vs. dollar makes record low at 87.39

The rupee fell to a fresh record low Monday on negative sentiment about the country's economic outlook, as well as the deteriorating security situation in Pakistan's financial hub Karachi. more... (N)

FBR relieves growers, steel smelters

The Federal Board of Revenue (FBR) has allowed special exemption to agricultural produce, incidental expenses of oil tankers, and purchase of steel scrap by steel smelters. more... (N)

Company & Sector Update

Surgical, medical instruments export surge 18.53 percent

The export of surgical goods and medical instruments during the first month of current financial year registered an increase of 18.53 percent as compared to the same period last year. more... (BR)

Broadband subscription to reach 9.5 million by 2014

Broadband subscription is increasing in the country and it is estimated that there will be 9.5 million broadband subscribers by 2014. more... (D)

Pakistan Steel gets insurance money of more than Rs.310 Mn

Pakistan Steel has received more than Rs.310 Million insurance money that was claimed after an incident which occurred in March this year, in which a ship that was carrying 25.812 metric ton iron ore from India to Pakistan sank in the sea in the limits of India, said a press release issued Monday. more... (D)

Local gold hits Rs62,300

The price of bullion Monday surged to a record Rs62,300 per tola in local market, Geo News reported Monday. more... (N)

Political

Pakistan floods: several Sindh districts devastated after rains

After heavy rain lashed Sindh, the number of those affected keeps increasing, Geo News reported Tuesday. The situation has become worse in several districts including Badin, Mirpurkhas and Khairpur. more... (N)

Al Qaeda’s ‘foreign minister’ captured

Sept 5: The military on Monday announced the arrest of senior Al Qaeda operative Sheikh Younis Al Mauritani, a confidant of Osama bin Laden and the central character in the terror group’s ‘Europe plot’ last year, in a joint operation with CIA. more...(D)

Karachi violence: 5 held in search operation

Police carried out search operation in Lyari and Pak Colony areas of the metropolis, apprehending five suspects and recovering weapons from their possession, Geo News reported. more... (N)

Zulfiqar Mirza’s allegations can’t be ignored: Imran

Pakistan Tahreek e Insaf Chairman Imran Khan has said that allegations and assertions of former Sindh senior minister Dr Zulfiqar Mirza cannot be ignored. more... (BR)

GCC

Iraq panel ratifies $13b liquefied gas deal with Shell, Mitsubishi

The Iraqi Higher Energy Committee yesterday ratified a liquefied gas agreement with Shell and Mitsubishi to upgrade energy facilities and to make use of gas in southern Iraq with a $13 billion (Dh45.5 billion) in investments over 25 years. more... (Gulf News)

RAK Petroleum assets in merger with DNO

Norwegian oil company DNO International yesterday said it has signed a definitive agreement to merge RAK Petroleum's oil and gas operating companies into the Norwegian company, completing talks that started in July. more... (Gulf News)

Dh1.4b worth of property claims settled

The Ajman Real Estate Regulatory Agency (Arera) has settled property claims worth Dh1.4 billion in the Al Helio Downtown project. more... (Gulf News)

Hyundai E&C wins $434 million deal in Qatar

Hyundai Engineering & Construction said on Sunday it had won a $434 million order to build a national museum in Qatar. more... (Gulf News)

Quote of the Day:

“The important thing is not being afraid to take a chance. Remember, the greatest failure is to not try. Once you find something you love to do, be the best at doing it.” Debbi Fields

 
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 27, 2011)
$17.90 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
30-AUG-11
05-SEP-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.44
0.00%
10.96%
10.96%
0.00
     
30-AUG-11
05-SEP-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
12.99
13.05
13.13
13.22
Offer
13.49
13.30
13.38
13.72

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

     
05-SEP-11
06-SEP-11
change
WTI (USD/bbl)    
85.82
83.98
-2.14%
     
Brent (USD/bbl)    
111.61
110.66
-0.85%
     
Arab Light (USD/bbl)    
108.37
107.45
-0.85%

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
53,603.33
52,709.35
1.70%
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)
1,906.00
1,881.50
1.30%
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.