BasedLine
Date: 08-September-2011
KSE-100 Index
Previous Index 11,319.15
Current Index
11,329.77
Change % 0.09%
YTD (CY11) -5.76%
YTD (FY12) -9.33%
KSE-100 Index
Previous Index 20,483.51
Current Index
20,436.46
Change % -0.23%
YTD (CY11) 8.68%
YTD (FY12) -2.39%
International Indicators
 
Close
%age
BSE-30 17,065.00 1.20
HANGSENG 20,048.00 1.71
NIKKEI 225 8,793.12 0.34
FTSE 5,318.60 3.14
DJIA 11,414.86 2.47
SSEC 2,515.41 1.82
NASDAQ 2,548.94 3.04
 
Close
%age
TASI 6,124.40 1.04
KSE(Kuwait) 5,908.10 0.00
BSE 1,263.92 0.06
MSM 5,729.93 0.18
ADX 2,605.47 0.17
DFM 1,488.83 0.06
QSE 8,411.27 0.15
Capital Market Overview

Market watch: Stock market takes a breather

After gaining more than 150 points in two days, the market witnessed profit-taking to close in the same range on Wednesday. more... (ET)

NAVs and Returns
as of September 07,2011
Funds Offer Redemption
POGSF
10.14/-
10.14/-
YTD Return
12.70%
POAIIF
52.11/-
51.59/-
YTD Return
14.40%
POAAAF
49.59/-
48.35/-
YTD Return
-4.30%
POIAAF
54.37/-
53.01/-
YTD Return
1.45%
POAF
11.50/-
YTD Return
12.69%
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
32.00
2,752
69.32
3.86
-5.76%
KSE30
6.56
565
50.37
3.65
-5.98%
KMI30
4.82
414
32.36
2.59
8.68%
KSE All
34.89
3,000
86.23
4.02
-5.88%
September 07, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
179.54
113.74
-9.19%
OGDC
14.00
127.84
122.49
-16.44%
UBL
2.00
59.53
43.75
-3.84%
LUCK
1.70
73.70
37.18
4.04%
September 07, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
42.15
-42.36
-0.21
Foreign Corporates
1,538.82
-2,058.11
-519.30
Overseas Pakistani
245.08
-168.90
76.19
Grand Total
1,826.05
-2,269.38
-443.32
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
06-Sep-11
07-Sep-11
Change
Gross Buy
528.23
-36.68%
10.77
-31.07%
3.76
1.83
-51.39%
Gross Sell
-537.77
14.14%
-9.24
36.53%
-2.01
-2.27
12.80%
Net Buy/(Sell)
-9.54
-102.59%
1.53
-82.87%
1.74
-0.44
-125.41%
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
-
-
24.24
-
-
-19.06
-
0.06
-0.06
Switzerland
8.38
0.13
-
14.00
-
-
-5.48
-
-
-
UAE
0.87
0.52
-
1.06
4.18
-
-4.38
-
-
-
UK
12.74
0.16
-
35.32
-
-
-22.41
0.67
2.05
-1.38
USA
35.83
-
-
63.05
-
-
-27.49
2.42
0.05
2.37
Total
73.11
0.81
-
144.08
4.18
-
-75.14
3.19
2.17
1.02
News Clippings
Economy

Budget measures lead to revenue shortfall: FBR

The Federal Board of Revenue (FBR) has said it has so far suffered a revenue shortfall of Rs27 billion because of various tax relief measures announced by the government in the budget for fiscal year 2011-12. more... (ET)

Payment to IPPs: Finance may borrow Rs 100 billion from banks

The Finance Ministry is likely to borrow Rs 100 billion from commercial banks to pay at least half of the overdue amount of independent power producers (IPPs), against total dues of Rs 210 billion. more... (BR)

Pakistan's ranking improves at Global Competitiveness

Pakistan has been ranked at 118th position in the Global Competitiveness Report, showing improvement in the position of the country as compared to the last year's placement at 123th number. more... (BR)

Rehabilitation work: France provides €26.5m for hydropower project

The French government through French Development Agency (AFD) is providing finances of 26.5 million euros to rehabilitate Jabban Hydropower plant in Khyber-Pakhtunkhwa and train Water and Power Development Authority's engineers and technicians. more... (ET)

Company & Sector Update

Top five banks on easy street

Banking on a large branch network, renowned brand and a pool of low-cost deposit accounts, each of five biggest banks of the country; namely MCB, UBL, ABL, HBL and NBP posted strong first-half earnings this season. more... (BR)

Kapco weathers the circular debt storm

It is not always bad being trapped in the infamous inter-corporate circular debt, at least not when your buyers and suppliers both belong to the government. more... (BR)

Power tariff increased by Rs2.04 per unit

The National Electric Power Regulatory Authority (Nepra) has approved an increase of Rs2.04 per unit in power tariff of electricity distribution companies for July, excluding Karachi Electric Supply Company, under the monthly fuel price variation adjustment formula. more... (ET)

PSO seeks Rs 32 billion for payment to KPC: frantic appeal to government

Pakistan State Oil has requested the federal government to provide at least Rs 32 billion on an emergency basis as it has to pay Rs 40 billion to its fuel supplier Kuwait Petroleum Company before September 13. more... (BR)

Political

Armed groups of ethnic, political parties involved in Karachi violence

Director General, Sindh Rangers Major General Ejaz Chaudhry has said that armed groups of political and ethnic parties were involved in violence in Karachi . more... (BR)

Islamabad, Tehran explore wide-ranging collaboration

Islamabad and Tehran are discussing the setting up of a branch of an Iranian bank in Pakistan. more... (D)

Wasan rejects Mirza`s allegations

Taking strong exception to certain allegations levelled by former home minister Dr Zulfikar Mirza that targeted killers were being released, the home minister, Manzoor Wasan, made it clear on Wednesday that his predecessor was holding press conferences and expressing his views in his personal capacity and the Pakistan People's Party did not own them. more... (D)

Sindh govt appoints six ATC judges

On the order of the Supreme Court (SC), the Sindh government has appointed six Anti-Terrorism Court (ATC) judges. Advocate General Sindh Abdul Fatah Malik will produce a notification of the judges appointment in the SC on September 8 (today). more... (DT)

GCC

Private-sector growth in UAE hits 15-month low

Growth in private sector business activity in the UAE plummeted to a 15-month low in August as output stagnated and new order growth fell to its lowest rate in a year, according to the HSBC Purchasing Managers' Index (PMI) released yesterday. more... (Gulf News)

Qatar Public sector in Qatar to get 60 per cent pay rise

Gross salaries of all Qatari employees have been raised by 60 per cent with effect from September 1, while the salaries of defence personnel of officer rank have been hiked by 120 per cent. more... (Gulf News)

UAE ranks 27 in World Economic Forum report

The UAE has been ranked 27th in the world in the Global Competitiveness Report issued by the World Economic Forum (WEF), it was announced yesterday. more... (Zawya)

Local contractors may receive a boost

Plans are afoot to introduce stipulations on international contracting companies that are bidding for projects in Oman, in an apparent move to encourage local firms to get more business. more... (Zawya)

Quote of the Day:

“ To succeed... you need to find something to hold on to, something to motivate you, something to inspire you.” Tony Dorsett

 
Economic Highlights
Economic Indicators
GDP Growth FY12E
4.20%
GDP -2011
$180 bn
Per Capita Income FY11
$1,254
Population
177.1mn
US$ 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-Aug 11)
$-41.26mn
All Sch. Banks Deposit Base (Aug 26, 2011)
Rs737.14bn
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
06-SEP-11
07-SEP-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.04
-0.15%
10.75%
10.80%
4.70
     
06-SEP-11
07-SEP-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
947.10
923.14
-23.97

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.02
13.05
13.13
13.22
Offer
13.52
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
87.49
122.76
1.13
139.72
23.80
1.73
0.50

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.23
13.25
13.35
Last Cut Off.
13.07
13.30
13.40
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
13.18
13.16
13.08
13.16
10 Y-PIB
13.15
13.13
13.08
13.13

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
1.02
1.91
2.02
2.34
4.31
8.31
12.61
13.13
Change bps
1.00
6.00
8.00
5.00
0.00
1.00
0.00
8.00

Commodities

     
07-SEP-11
08-SEP-11
change
WTI (USD/bbl)    
86.40
89.35
3.41%
     
Brent (USD/bbl)    
113.22
115.52
2.03%
     
Arab Light (USD/bbl)    
109.34
112.17
2.59%

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
51,349.10
51,613.95
-0.51%
Rice IRRI -6(Rs/100kg)
3,731.00
3,788.00
-1.50%
KCA Cotton (Rs/mound)
6,500.00
6,300.00
3.17%
International
Current
Previous
Change
Coal Spot(USD/ton)
120.55
118.40
1.82%
Gold Futures (USD/oz)
1,833.10
1,877.00
-2.34%
Sugar 11 (USD/lb)
28.41
28.29
0.42%
Steel (USD/ton)
757.09
756.74
0.05%
Wheat (CBT) (USD/bu)
751.50
760.00
-1.12%
PTA (USD/ton)
1,275.00
1,260.00
1.19%
Copper (USD/ton)
9073.50
8,913.00
1.80%

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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.