BasedLine
Date: 12-September-2011
KSE-100 Index
Previous Index 11,348.42
Current Index
11,286.21
Change % -0.55%
YTD (CY11) -6.12%
YTD (FY12) -9.68%
KSE-100 Index
Previous Index 20,539.42
Current Index
20,434.92
Change % -0.51%
YTD (CY11) 8.67%
YTD (FY12) -2.93%
International Indicators
 
Close
%age
BSE-30 16,866.97 -1.74
HANGSENG 19,866.63 -0.23
NIKKEI 225 8,737.66 -0.63
FTSE 5,214.65 -2.35
DJIA 10,992.13 -2.69
SSEC 2,825.10 -0.83
NASDAQ 2,467.99 -2.42
 
Close
%age
TASI 6,140.79 0.04
KSE(Kuwait) 5,980.20 0.30
BSE 1,270.87 -0.04
MSM 5,712.57 -0.42
ADX 2,594.01 -0.22
DFM 1,473.46 -0.48
QSE 8,376.64 0.12
Capital Market Overview

Weekly review: Bulls return to the helm

After dropping 9.2% in the month of Ramazan, bulls returned to the helm as the stock market rose for four of the five sessions during the outgoing week. more... (ET)

NAVs and Returns
as of September 09,2011
Funds Offer Redemption
POGSF
10.14/-
10.14/-
YTD Return
12.54%
POAIIF
52.14/-
51.62/-
YTD Return
14.29%
POAAAF
49.54/-
48.30/-
YTD Return
-4.39%
POIAAF
54.74/-
53.37/-
YTD Return
2.14%
POAF
11.51/-
YTD Return
12.67%
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
31.88
2,742
57.36
3.08
-6.12%
KSE30
6.55
563
42.49
2.95
-6.18%
KMI30
4.82
414
27.88
2.15
8.67%
KSE All
34.80
2,992
72.66
3.22
-6.16%
September 09, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
176.06
113.79
-11.66%
OGDC
14.00
125.66
122.54
-17.86%
UBL
2.00
59.32
43.77
-4.18%
LUCK
1.70
74.30
37.20
4.88%
September 09, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
32.04
-23.17
8.87
Foreign Corporates
1,044.30
-695.79
348.51
Overseas Pakistani
196.49
-143.54
52.95
Grand Total
1,272.83
-862.50
410.33
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
08-Sep-11
09-Sep-11
Change
Gross Buy
531.68
-38.73%
14.22
-71.03%
2.18
1.27
-41.51%
Gross Sell
-541.03
7.38%
-12.50
-68.32%
-2.39
-0.86
-63.97%
Net Buy/(Sell)
-9.35
-102.53%
1.72
-82.24%
-0.22
0.41
-288.83%
S.C.R.A
Country
During the Period FY12TD
09-09-2011
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
-
-
24.86
-
-
-19.24
0.00
0.37
-0.37
Switzerland
8.78
0.13
-
14.00
-
-
-5.08
-
-
-
UAE
0.87
0.52
-
1.06
4.18
-
-4.38
-
-
-
UK
14.72
0.16
-
40.86
-
-
-25.98
0.48
1.97
-1.49
USA
42.57
-
-
66.84
-
-
-24.54
1.05
1.12
-0.07
Total
82.51
0.81
-
153.88
4.18
-
-75.55
1.54
3.48
-1.94
News Clippings
Economy

Cross-border exchange: Trade gap widens as export growth slows down

Pakistan’s trade deficit significantly widened in August as imports grew at double the pace of exports which dropped below $2 billion for the first time in seven months. more... (ET)

Iran to donate $100 million for rain affectees

Iranian Interior Minister Mostafa Mohammad Najjar, on Sunday, said Iran will donate $100 million for the rehabilitation of the rain affected people of Sindh. more... (DT)

Trade policy sets export target at $26 billion

Approving the recommendations of Trade Policy 2011-12, Prime Minister Yousuf Raza Gilani on Saturday directed the commerce ministry to realise the immense potential for regional trade in order to enhance the country's exports. more... (D)

Basic food prices rose by 74pc in 3 years

The cost of basic food items increased by 74 per cent in three years (from June 2008 to 2011), leading to increased hunger and malnutrition, according to official findings. more... (D)

Company & Sector Update

Recent rain-spell to reduce power shortfall around 1,932 mw: PEPCO

The power shortfall has reduced to 1,932 MW due to recent rain spell and improved water level in dams was the reasons of reduction in power short fall. more... (BR)

Pak-Malaysia business forum ready to kick off

As many as 120 businessmen, including 100 from Malaysia, are set to attend the Pakistan-Malaysia Business Forum being held in Kuala Lumpur on September 13 to explore avenues for joint investment and business opportunities in Pakistan. more... (ET)

0.5mn MCF gas being lost per day

Pakistan loses 500,000 million cubic feet per day (MCF/d)of gas due to theft and a poor distribution network, forcing gas companies to increase load shedding to textile mills and compressed natural gas stations, an official of the ministry of petroleum and natural gas said Thursday. more... (FD)

PTCL, Muller & Phipps sign EVO distribution agreement

Pakistan Telecommunication Company Limited (PTCL) has signed a nationwide distribution agreement for EVO and related products with Muller & Phipps, the largest and oldest distribution company established in 1912. more... (BR)

Political

Fireworks over Karachi likely in NA, Senate

Though guns have largely fallen silent in Karachi, new fireworks over the affairs of the country's commercial capital are likely to mark the sessions of the two houses of parliament beginning on Monday. more... (D)

Pakistan ‘severely affected' by terrorism: FO

Pakistan, where Al Qaeda chief Osama bin Laden holed up for years after 9/11, paid tribute to the victims of the attacks on their 10th anniversary on Sunday, saying it too was a target of terrorism. more... (DT)

Search operation near Maskan Chowrangi, 2 held

Rangers and police jointly carried out search operation in residential apartments near Maskan Chowrangi, apprehending two people; meanwhile police also arrested a suspected extortionist in Korangi area. more... (N)

Backdoor channel: Zardari, Nawaz keep in touch through aides

Despite growing bitterness between them, President Asif Ali Zardari and his political arch-rival Nawaz Sharif are maintaining a backdoor communication channel as part of their broader understanding to resist any “adventure” against democracy in the country. more... (ET)

GCC

Iraq eyes 3 mln bpd oil output by year-end: minister

Iraqi Oil Minister Abdelkarim al-Luaybi said on Sunday that his country is seeking to produce three million barrels of crude per day by the end of the year. more... (Zawya)

Industrial Area project delay draws ire

DOHA: A vast majority of nationals and residents responding to an online survey have expressed disappointment over the poor infrastructural facilities in the Industrial Area and the delay in implementing maintenance and development projects. more... (Zawya)

Abu Dhabi's trade with China increases 64.2%

The volume of non-oil trade between Abu Dhabi and China during the first half of 2011 amounted to Dh2.16 billion, up 64.24 per cent from Dh1.32 million during the corresponding period a year earlier, figures released yesterday by Abu Dhabi's Department of Economic Development (DED) showed. more... (Gulf News)

UAE markets: Crises make investors hesitate

Investors in the UAE markets remain hesitant as volatility in international markets and uncertainty about the economies of the US and Europe raise concerns about the future. It could still be a little while before this uncertainty gets worked out and investors feel hopeful again. more... (Gulf News)

Quote of the Day:

“ Troubles are often the tools by which God fashions us for better things.” Henry Ward Beecher

 
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
08-SEP-11
09-SEP-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.40
0.14%
10.73%
10.70%
-3.70
     
08-SEP-11
09-SEP-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
917.78
948.49
30.71

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.02
13.06
13.15
13.22
Offer
13.52
13.31
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
13.30
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
87.55
119.46
1.13
139.97
23.82
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
13.19
13.15
13.17
13.15
10 Y-PIB
13.25
13.20
13.18
13.20

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
1.00
1.77
1.92
2.26
4.12
8.31
12.61
13.20
Change bps
-1.00
-10.00
-9.00
-9.00
-14.00
1.60
0.00
5.00

Commodities

     
09-SEP-11
12-SEP-11
change
WTI (USD/bbl)    
89.28
86.14
-3.52%
     
Brent (USD/bbl)    
114.85
111.91
-2.56%
     
Arab Light (USD/bbl)    
110.21
107.96
-2.04%

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)
402.63
391.25
2.91%
Urea Fertilizer (Rs/bag)
1,642.50
1,695.42
-3.12%
Gold 24cr (Rs./10gm) Khi
52,310.79
52,445.36
-0.26%
Rice IRRI -6(Rs/100kg)
3,708.00
3,710.00
-0.05%
KCA Cotton (Rs/mound)
7,000.00
6,800.00
2.94%
International
Current
Previous
Change
Coal Spot(USD/ton)
120.55
118.40
1.82%
Gold Futures (USD/oz)
1,849.60
1,864.10
-0.78%
Sugar 11 (USD/lb)
27.64
28.73
-3.79%
Steel (USD/ton)
756.68
756.98
-0.04%
Wheat (CBT) (USD/bu)
729.75
738.00
-1.12%
PTA (USD/ton)
1,275.00
1,260.00
1.19%
Copper (USD/ton)
8,799.75
9,096.25
-3.26%

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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.