BasedLine
Date: 09-September-2011
KSE-100 Index
Previous Index 11,329.77
Current Index
11,348.42
Change % 0.16%
YTD (CY11) -5.61%
YTD (FY12) -9.18%
KSE-100 Index
Previous Index 20,436.46
Current Index
20,539.42
Change % 0.50%
YTD (CY11) 9.23%
YTD (FY12) -1.90%
International Indicators
 
Close
%age
BSE-30 17,165.54 0.59
HANGSENG 19,912.82 -0.67
NIKKEI 225 8,793.12 0.34
FTSE 5,340.40 0.41
DJIA 11,295.81 -1.04
SSEC 2,498.94 -0.65
NASDAQ 2,529.14 -0.78
 
Close
%age
TASI n/a n/a
KSE(Kuwait) 5,962.50 0.92
BSE 1,271.43 0.65
MSM 5,736.77 0.30
ADX 2,599.64 -0.05
DFM 1,480.60 -0.50
QSE 8,366.39 -0.38
Capital Market Overview

Market watch: Bourse firms as activity picks up

The stock market continued its upward trend and rose 19 points on continued local institutional support amid healthy activity. more... (ET)

NAVs and Returns
as of September 08,2011
Funds Offer Redemption
POGSF
10.14/-
10.14/-
YTD Return
12.65%
POAIIF
52.13/-
51.60/-
YTD Return
14.34%
POAAAF
49.61/-
48.37/-
YTD Return
-4.26%
POIAAF
54.58/-
53.22/-
YTD Return
1.86%
POAF
11.51/-
YTD Return
12.68%
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
32.06
2,757
77.02
4.14
-5.61%
KSE30
6.59
567
50.38
3.87
-5.62%
KMI30
4.84
416
30.78
2.83
9.23%
KSE All
34.94
3,005
90.93
4.25
-5.72%
September 08, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
178.36
113.72
-10.51%
OGDC
14.00
126.04
122.47
-17.62%
UBL
2.00
59.69
43.74
-3.59%
LUCK
1.70
75.02
37.18
5.90%
September 08, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
25.70
-37.35
-11.65
Foreign Corporates
1,700.65
-2,119.67
-419.02
Overseas Pakistani
449.91
-236.55
213.36
Grand Total
2,176.26
-2,393.56
-217.30
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
07-Sep-11
08-Sep-11
Change
Gross Buy
530.41
-37.90%
12.95
-63.48%
1.83
2.18
19.18%
Gross Sell
-540.17
10.24%
-11.64
-54.56%
-2.27
-2.39
5.47%
Net Buy/(Sell)
-9.76
-102.64%
1.31
-86.78%
-0.44
-0.22
-50.98%
S.C.R.A
Country
During the Period FY12TD
07-09-2011
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
-
-
-
Luxembourg
5.62
-
-
24.47
-
-
-18.84
0.26
0.04
0.21
Switzerland
8.68
0.13
-
14.00
-
-
-5.18
0.30
-
0.30
UAE
0.87
0.52
-
1.06
4.18
-
-4.38
-
-
-
UK
13.50
0.16
-
35.36
-
-
-21.70
0.75
0.04
0.71
USA
38.98
-
-
64.98
-
-
-26.28
3.14
1.93
1.21
Total
77.57
0.81
-
146.09
4.18
-
-72.70
4.45
2.02
2.43
News Clippings
Economy

Weekly inflation increase

The Sensitive Price Indicator (SPI), for the week ended on 30 August 2011, for the lowest income group up to Rs.3,000, has registered increase of 0.90 percent over the previous week. more... (BR)

NEPRA approves increase in power tariff

The National Electric Power Regulatory Authority (NEPRA) has approved an Rs 2.4 increase in the power tariff under monthly fuel adjustment. more... (N)

Pakistan, Iran sign three MoUs

At the conclusion of the 18th session of the Pakistan-Iran Joint Economic Commission on Thursday, Pakistan and Iran have signed three memoranda of understanding (MoUs) to enhance economic and technical cooperation, set up a joint investment company and cooperation in electronic media and both the sides agreed to minimise if not possible to do away with tariff and non-tariff barriers to exploit trade potential. more... (DT)

PPAF allocates Rs 258 million for Sindh flood victims

Being the first national institution to respond to the plight of flood-affected people in Sindh, Pakistan Poverty Alleviation Fund (PPAF) has allocated Rs 258 million for the purpose and started relief operations to help 400,000 displaced individuals in 14 union councils badly ravaged by the raging flood waters in district Badin. more... (DT)

Company & Sector Update

Corporate results: Hubco profits ease, healthy payouts continue

Hub Power Company (Hubco), one of the country’s largest independent power producers, saw its profits fall two per cent to Rs5.42 billion on higher financial charges in fiscal 2011, according to its unconsolidated results. more... (ET)

Plastic goods manufacturing sector

The plastic goods manufacturing sector showed a negative growth of around 20 percent during January to August 2011 on higher input cost and decline in imports. more... (DT)

SECP finalises Code of Corporate Governance

The Securities and Exchange Commission of Pakistan (SECP) held the second roundtable meeting with external stakeholders to finalise the amendments to the Code of Corporate Governance. The roundtable was held in Lahore, on Thursday. The first of such roundtables was held on July 29 in Karachi. more... (DT)

SECP amends law to boost mutual funds

Securities and Exchange Commission of Pakistan (SECP) has made amendments in the respective laws to give mutual fund industry a boost, Geo News reported Wednesday. more... (N)

Political

Zardari phones Ban Ki-moon, urges humanitarian help for flood victims

President Asif Ali Zardari on Thursday phoned UN Secretary General Ban Ki-moon and urged the United Nations to launch an international appeal for humanitarian assistance to the flood victims in Pakistan. more... (BR)

Isaf reluctant to act against Pakistani Taliban

The Nato-led International Security Assistance Force (Isaf) in Afghanistan is resisting Islamabad's pressure for a big push against terrorists in eastern Afghan provinces, where most of Pakistani Taliban have set up sanctuaries and have launched multiple attacks from there on Pakistan's border checkposts. more... (D)

Karachi horror briefing stuns cabinet

Prime Minister Yousuf Raza Gilani did not allow members of the federal cabinet at a meeting on Thursday to discuss the Karachi situation after Interior Minister Rehman Malik had given a presentation on government's efforts to bring peace to the city plagued by target killings and other crimes. more... (D)

Situations like Karachi lead to military takeovers: Chief Justice

Chief Justice of Pakistan (CJ) Iftikhar Muhammad Chaudhry on Thursday said it was situations like the one in Karachi that lead to military takeovers. more... (ET)

GCC

UAE oil trader eyes Asia expansion

United Arab Emirates-based trader Gulf Petrochem is looking to expand into the Asian market by setting up a trading and bunkering desk in Singapore before the end of the year, the company's chief executive told Reuters. more... (Gulf News)

Major indices post impressive gains

Kuwait Stock Exchange (KSE) ended yesterday session in a booming state, tracking Asian equity gains. The advance was broad based with 7 out of 8 sectors managing to record hefty gains. All major indices posted impressive gains during the session. It is worth mentioning that the local bourse gained 1.99 percent in September so far. more... (Zawya)

Millions spent on Sharjah facelift

Sharjah is not known as a crowd magnet for entertainment and luxury resorts, with residents putting up with an industrial area encroaching on the city, bottleneck traffic and inferior shop fronts. more... (Gulf News)

Developers fear new recession; bullish on UAE

Abu Dhabi Developers are dreading a global double-dip recession and keeping an eye out for any warning signals. more... (Zawya)

Quote of the Day:

“ Business is more exciting than any game.” Lord Beaverbrook

 
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
07-SEP-11
08-SEP-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.27
0.26%
10.80%
10.73%
-6.80
     
07-SEP-11
08-SEP-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
923.14
917.78
-5.36

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.03
13.05
13.15
13.22
Offer
13.53
13.30
13.40
13.72

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.40
13.35
13.35
13.30
13.35
13.40
Low  
13.40
13.25
13.25
13.20
13.25
13.30

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
87.45
122.89
1.13
139.55
23.81
1.73
0.50

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.29
13.27
13.38
Last Cut Off.
13.07
13.30
13.40
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
13.17
13.13
13.18
13.13
10 Y-PIB
13.18
13.15
13.15
13.15

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
1.01
1.87
2.01
2.35
4.26
8.30
12.61
13.15
Change bps
-1.00
-4.00
-1.00
1.00
-5.00
-1.50
0.00
2.00

Commodities

     
08-SEP-11
09-SEP-11
change
WTI (USD/bbl)    
89.35
89.28
-0.08%
     
Brent (USD/bbl)    
115.52
114.85
-0.58%
     
Arab Light (USD/bbl)    
112.17
110.21
-1.75%

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
52,445.36
51,349.10
2.13%
Rice IRRI -6(Rs/100kg)
3,731.00
3,788.00
-1.50%
KCA Cotton (Rs/mound)
6,800.00
6,500.00
4.62%
International
Current
Previous
Change
Coal Spot(USD/ton)
120.55
118.40
1.82%
Gold Futures (USD/oz)
1,864.10
1,833.10
1.69%
Sugar 11 (USD/lb)
28.73
28.41
1.13%
Steel (USD/ton)
756.98
757.09
-0.01%
Wheat (CBT) (USD/bu)
738.00
751.50
-1.80%
PTA (USD/ton)
1,275.00
1,260.00
1.19%
Copper (USD/ton)
9,096.25
9073.50
0.25%

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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.