BasedLine
Date: 07-September-2011
KSE-100 Index
Previous Index 11,162.39
Current Index
11,319.15
Change % 1.40%
YTD (CY11) -5.85%
YTD (FY12) -9.42%
KSE-100 Index
Previous Index 20,188.69
Current Index
20,483.51
Change % 1.46%
YTD (CY11) 8.93%
YTD (FY12) -2.16%
International Indicators
 
Close
%age
BSE-30 16,862.81 0.89
HANGSENG 19,710.50 0.48
NIKKEI 225 8,590.57 -2.21
FTSE 5,156.80 1.06
DJIA 11,139.30 -0.90
SSEC 2,470.52 -0.33
NASDAQ 2,473.83 -0.26
 
Close
%age
TASI 6,061.53 -0.48
KSE(Kuwait) 5,860.90 0.14
BSE 1,261.04 0.00
MSM 5,731.63 -1.06
ADX 2,604.85 0.07
DFM 1,485.02 0.42
QSE 8,342.19 0.42
Capital Market Overview

Market watch: Stock market jumps in active session

The stock market continued the upward trend on Tuesday amid rumours of healthy foreign activity. more... (ET)

NAVs and Returns
as of September 06,2011
Funds Offer Redemption
POGSF
10.13/-
10.13/-
YTD Return
12.75%
POAIIF
52.10
51.58/-
YTD Return
14.46%
POAAAF
49.56
48.32
YTD Return
-4.35%
POIAAF
54.27
52.91
YTD Return
1.26%
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
31.97
2,750
70.39
3.83
-5.85%
KSE30
6.56
564
47.89
3.63
-6.11%
KMI30
4.83
415
24.85
2.26
8.93%
KSE All
34.84
2,996
87.04
4.01
-6.00%
September 06, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
179.18
113.70
-10.10%
OGDC
14.00
129.19
122.44
-15.56%
UBL
2.00
57.70
43.73
-6.80%
LUCK
1.70
72.83
37.17
2.81%
September 06, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
28.70
-35.71
-7.02
Foreign Corporates
3,415.64
-1,620.56
1,795.09
Overseas Pakistani
311.95
-355.65
-43.70
Grand Total
3,756.29
-2,011.92
1,744.37
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
05-Sep-11
06-Sep-11
Change
Gross Buy
526.40
-36.75%
8.95
-34.59%
5.19
3.76
-27.66%
Gross Sell
-535.50
13.98%
-6.97
-28.48%
-4.96
-2.01
-59.46%
Net Buy/(Sell)
-9.10
-102.47%
1.97
-76.27%
0.23
1.74
660.11%
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

Price indicator: Weekly index rises 0.9%

The Sensitive Price Indicator (SPI) for the lowest income group up to Rs3,000 has registered an increase of 0.9 per cent over the previous week for the week ended on August 30. more... (ET)

Govt earns $790 million through foreign tourists

The government has earned around 790 million dollar foreign exchange through foreign tourists who visited Pakistan during last three years. more... (BR)

Floods destroy about 1.5 million cotton bales

The recent spell of monsoon rains which caused flash floods in Sindh province has badly affected the standing crops including cotton, sugarcane, onion and vegetables of different varsities. more... (BR)

Afghan transit trade: Three bodies formed to remove bottlenecks

As the two-month waiver for non-submission of financial guarantees for Kabul-bound transit goods expires on Wednesday, Pakistan and Afghanistan constituted three committees on Tuesday, to resolve the Afghanistan Pakistan Transit Trade Agreement (APTTA)-related issues on a priority basis. more... (ET)

Company & Sector Update

Corporate results: Nishat beats expectation; KAPCO profit soars

Nishat Mills beat market expectations as it posted increase an increase in net profit by 66 per cent to Rs4.84 billion during fiscal 2011 on the back of higher prices and other income. more... (ET)

Minimum mutual fund size set at Rs100m

The Securities and Exchange Commission of Pakistan (SECP) has replaced the requirement of seed capital with minimum fund size of Rs100 million in a bid to offer flexibility in launching new mutual funds. more... (ET)

NBFC rules amended

Rupee touched a record low level at 87.50 against dollar in the inter-bank market—weakest ever thus far traded, truly reflecting the downbeat economy, Geo News reported. more... (N)

Parco: PM calls for investment in energy sector

Pak-Arab Refinery Limited (Parco) Chairman Nawab Hassan Ali Khan called on Prime Minister Yousuf Raza Gilani at Prime Minister's House on Tuesday and briefed him on various projects undertaken by the company. more... (ET)

Political

SC orders appointment of ATC judges within 2 days

Chief Justice of Pakistan (CJP) Iftikhar Muhammad Chaudhry on Tuesday ordered the Sindh government to appoint the Anti-Terrorism Courts (ATCs) judges within two days. more... (DT)

MQM terms Zulfiqar Mirza's 'appalling' allegations unfounded

Muttahida Qaumi Movement (MQM) once again brushed aside the allegations leveled by former Sindh home minister Dr. Zulfiqar Mirza, terming them as completely baseless and false, Geo News reported. more... (N)

MQM pioneered extortion in Karachi: Asma

KARACHI: Supreme Court Bar Association (SCBA) President Asma Jahangir said on Tuesday that the Muttahida Qaumi Movement (MQM) introduced extortion in Karachi. more... (DT)

Rangers demand police powers on a permanent basis

The Sindh Rangers director-general warned on Tuesday that the current peace in Karachi might prove temporary and killings could return to the city if the additional powers given to the paramilitary troops were withdrawn. more... (D)

GCC

Arab Spring cost GCC $150bn

Policymakers in the Gulf Cooperation Council (GCC) have sharply increased spending in the wake of recent political unrest, according to Bank of America Merrill LynchBank of America Merrill LynchMerrill Lynch (BofAML), which estimates such additional spending at a whopping $150 billion. more... (Zawaya)

GCC market capitalisation drops

Market capitalisation of the GCC markets fell $30.7 billion to $675.7bn during August, Kuwait-based Global Investment House said on Tuesday. more... (Zawaya)

Saudi Arabia: STC cuts call rates

Saudi Telecom Company has announced new reductions on outgoing overseas calls from Saudi Arabia through Marhaba prepaid calling cards as well as from fixed phone lines and call cabins. The new reduced rates allow customers to communicate with their families, friends and loved ones all over the world 24/7 at the lowest prices in the Saudi market. more... (Zawya)

Iran requires $5b to replace ageing civilian aircraft fleet

Iran, the target of international sanctions that frustrate the country's efforts to renew its ageing aircraft fleet, needs $5 billion (Dh18 billion) to purchase planes and navigation equipment, parliamentary member Mehrdad Lahouti said. more... (Gulf News)

Quote of the Day:

“ A business has to be involving, it has to be fun, and it has to exercise your creative instincts.” Richard Branson

 
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
05-SEP-11
06-SEP-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.18
0.27%
10.83%
10.75%
-7.10
     
05-SEP-11
06-SEP-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
928.74
947.10
18.36

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.00
13.05
13.13
13.22
Offer
13.50
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
13.30
13.35
13.30
13.35
13.40
Low  
13.40
13.20
13.25
13.20
13.25
13.30

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
87.47
123.60
1.14
140.40
23.75
0.50
1.73

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.23
13.25
13.33
Last Cut Off.
13.07
13.28
13.38
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
13.08
13.06
13.08
13.06
10 Y-PIB
13.08
13.05
13.08
13.05

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
1.01
1.85
1.94
2.29
4.31
8.30
12.61
13.05
Change bps
1.00
0.00
0.00
1.00
13.00
1.60
0.00
0.00

Commodities

     
06-SEP-11
07-SEP-11
change
WTI (USD/bbl)    
83.98
86.40
2.88%
     
Brent (USD/bbl)    
110.66
113.22
2.31%
     
Arab Light (USD/bbl)    
107.45
109.34
1.76%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
92.64
92.10
0.59%
Furnace Oil (Rs/ton)
69,507.20
70,004.84
-0.71%
Cement (Rs. Bag Avg)
391.25
390.63
0.16%
Urea Fertilizer (Rs/bag)
1,695.42
1,707.92
-0.73%
Gold 24cr (Rs./10gm) Khi
51,613.95
53,603.33
-3.71%
Rice IRRI -6(Rs/100kg)
3,788.00
3.724.00
1.72%
KCA Cotton (Rs/mound)
6,300.00
6,000.00
5.00%
International
Current
Previous
Change
Coal Spot(USD/ton)
120.55
118.55
1.82%
Gold Futures (USD/oz)
1,877.00
1,906.00
-1.52%
Sugar 11 (USD/lb)
28.29
29.18
-3.05%
Steel (USD/ton)
756.74
756.99
-0.03%
Wheat (CBT) (USD/bu)
760.00
795.00
-4.40%
PTA (USD/ton)
1,275.00
1,260.00
1.19%
Copper (USD/ton)
8,913.00
8,940.00
-0.30%

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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.