BasedLine
Date: 16-September-2011
KSE-100 Index
Previous Index 11,297.02
Current Index
11,302.22
Change % 0.05%
YTD (CY11) -5.99%
YTD (FY12) -9.55%
KSE-100 Index
Previous Index 20,519.51
Current Index
20,538.21
Change % 0.09%
YTD (CY11) 9.22%
YTD (FY12) -1.90%
International Indicators
 
Close
%age
BSE-30 16,876.54 1.00
HANGSENG 19,181.50 0.71
NIKKEI 225 8,668.86 1.76
FTSE 5,337.54 2.11
DJIA 11,433.18 1.66
SSEC 2,479.05 -0.25
NASDAQ 2,607.07 1.34
 
Close
%age
TASI n/a n/a
KSE(Kuwait) 6,027.10 -0.14
BSE 1,265.21 -0.39
MSM 5,723.01 0.40
ADX 2,576.69 -0.10
DFM 1,467.74 0.06
QSE 8,347.74 0.34
Capital Market Overview

Market watch: Bourse ends flat as investors play safe

For a second day running, equities struggled along the neutral line as investors opted to play it safe. more... (ET)

NAVs and Returns
as of September 14,2011
Funds Offer Redemption
POGSF
10.16/-
10.16/-
YTD Return
12.37%
POAIIF
52.15/-
51.63/-
YTD Return
13.23%
POAAAF
48.99/-
47.77/-
YTD Return
-5.44%
POIAAF
55.07/-
53.69/-
YTD Return
2.76%
POAF
11.53/-
YTD Return
12.62%
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
47.45
2.66
-5.99%
KSE30
6.55
564
35.03
2.48
-6.15%
KMI30
4.83
415
23.04
1.77
9.22%
KSE All
34.91
3,002
54.11
2.73
-6.04%
September 15, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
174.82
114.08
-12.28%
OGDC
14.00
126.56
122.85
-17.28%
UBL
2.00
58.01
43.88
-6.30%
LUCK
1.70
74.26
37.29
4.83%
September15, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
19.69
-32.48
-12.80
Foreign Corporates
469.80
-2,961.05
-2,491.25
Overseas Pakistani
204.86
-294.89
-90.03
Grand Total
694.34
3,288.42
2,594.07
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
14-Sep-11
15-Sep-11
Change
Gross Buy
538.77
-38.73%
21.32
-64.88%
4.29
0.69
-83.82%
Gross Sell
-548.61
7.43%
-20.08
-56.58%
-1.69
-3.29
-94.39%
Net Buy/(Sell)
-9.84
-102.63%
1.24
-91.52%
2.60
-2.59
-199.80%
S.C.R.A
Country
During the Period FY12TD
13-09-2011
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
-
-
1.86
-
-
-0.79
-
-
-
Luxembourg
5.62
-
-
24.95
-
-
-19.33
-
0.01
-0.01
Switzerland
9.69
0.18
-
14.00
-
-
-4.12
-
-
-
UAE
0.87
0.52
-
1.06
4.18
-
-4.38
-
-
-
UK
15.04
0.16
-
41.01
-
-
-25.82
0.12
0.09
0.03
USA
43.38
-
-
68.10
-
-
-25.00
0.53
0.49
0.04
Total
84.54
0.86
-
160.45
4.18
-
-80.04
0.65
5.17
-4.52
News Clippings
Economy

Foreign investment falls 77pc in two months

Net foreign investment inflow in the country dropped by 76.9 per cent to $65.2 million in initial two months of fiscal year 2011-12 (2MFY12) compared with $282.50 million in same period last year as per the State Bank of Pakistan. more... (FD)

Foreign exchange reserves ease

The foreign exchange reserves of the country have dwindled down by 270 million dollar 17.79 billion dollar, a weekly statement of the State Bank of Pakistan (SBP) stated here on Thursday. more... (BR)

Low steel consumption an opportunity for investors

Pakistan's per capital consumption of steel is very low as compared to the global average, indicating huge potential for growth and thereby investment, an official in the Engineering Development Board (EDB) said. more... (BR)

USTR delegation to visit Pakistan soon

A high powered delegation from United States Trade Representatives (USTR) will be visiting Pakistan in the third week of this month to hold talks on Free Trade Agreement (FTA) and promote bilateral trade between Pakistan and USA. more... (BR)

Company & Sector Update

Energy, power sector FY11 recurring profits up 29%

Higher global crude oil prices, slight improved hydrocarbon production and restricted exploration expense reflected positively on energy and power sector's profitability in FY11. more... (DT)

Government resumes payments to IPPs

Nine independent power producers (IPPs) decided on Thursday to withdraw notices they had served for calling Pakistan's sovereign guarantee for non-payment of dues after reaching an agreement with a government team about resumption of full payments for daily power supplies and clearance of Rs8.5 billion arrears this month. more... (D)

Earnings review: Corporate profits soar 18%

Corporate profits soared 18 per cent led by the banking and oil and gas exploration sectors in financial year 2011. more... (ET)

Rice export surges 8.13 percent

Basmati rice exports from the country surged by 8.13 percent during July-April 2010-11 to reach at US$78 million as against the exports of US$71 million during same period of 2009-10, however the overall rice exports decreased by 1.1 percent during period under review. more... (BR)

Political

Military leaders to meet to salvage Pakistan-US ties

The top US and Pakistani military leaders were to meet on the sidelines of a NATO meeting in hopes of fixing strained ties following the US military operation that killed Osama bin Laden. more... (BR)

SC reserves verdict on Karachi violence case

A special bench of the Supreme Court on Thursday reserved its verdict on the suo motu case over the violence in Karachi, DawnNews reported. more... (D)

Altaf phones Zardari

Chief of Muttahida Qaumi Movement (MQM) Altaf Hussain phoned President Asif Ali Zardari on Thursday and inquired after his health. more... (FD)

PM calls for provincial unity to overcome national challenges

Prime Minister Syed Yousaf Raza Gilani on Thursday said that strong provinces were a guarantee for a strong federation and stressed for adopting an approach to ensure provincial unity over issues of national importance. more... (ET)

GCC

Qatar Airways Shelves IPO Due To Global Economic Woes -Source

(Zawya Dow Jones)-Qatar Airways has postponed its planned initial public offering due to fresh uncertainty sweeping global markets, a person familiar with the matter said Thursday. more... (Zawya)

GHESA LUMAT awarded the ITCC water features project in Riyadh

GHESA LUMAT has been awarded the design and construction of the main package of water features at the new Information Technology Communication Complex (ITCC) in Riyadh (Kingdom of Saudi Arabia), by Al-Rajhi Projects & Construction LLC. more... (Zawya)

Iraq has ambitious plans for housing

The recent news from property consultancy CBRE that Iraq is the fastest growing construction market in the Middle East was no surprise given the dire need for housing, infrastucture and facilities after more than eight years of war. more...(Gulf news)

Oil exports resume from Iraq's Kurdish region

Oil exports resumed from Iraq's semi-autonomous Kurdish region for the first time since the beginning of the month and are flowing at a rate of 75,000 barrels a day, a North Oil Co official said. more... (Gulf news)

Quote of the Day:

“I never feel age...If you have creative work, you don't have age or time.” Louise Nevelson

 
Economic Highlights
Economic Indicators
GDP Growth FY12E
4.20%
GDP -2011
$180 bn
Per Capita Income FY11
$1,250
Population
177.1mn
US$ Reserves (Sep 10, 2011)
$17.79 bn
Trade Balance ( July 11)
$-1.48bn
Curr. A/C (July 11)
$-75mn
Remittances (Aug 11)
$1.3bn
Foreign Investment (Jul 11-Aug 11)
$-65.2mn
All Sch. Banks Deposit Base (Aug 30, 2011)
Rs715.78bn
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
14-SEP-11
15-SEP-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.79
-0.40%
10.79%
10.90%
11.10
     
14-SEP-11
15-SEP-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,003.28
991.02
12.26

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.04
13.09
13.15
13.23
Offer
13.54
13.34
13.40
13.73

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.40
13.35
13.30
13.30
13.30
13.40
Low  
12.40
13.25
13.20
13.20
13.20
13.30

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
87.55
120.26
1.14
138.08
23.84
1.73
0.52

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.29
13.28
13.34
Last Cut Off.
13.07
13.30
13.40
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
13.18
13.12
13.25
13.12
10 Y-PIB
13.15
13.10
13.26
13.10

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
1.01
1.93
2.07
2.52
4.22
8.33
12.61
13.10
Change bps
1.00
5.00
8.00
8.00
11.00
-1.70
0.00
-11.00

Commodities

     
15-SEP-11
16-SEP-11
change
WTI (USD/bbl)    
89.80
89.66
-0.16%
     
Brent (USD/bbl)    
112.10
112.87
0.69%
     
Arab Light (USD/bbl)    
106.87
110.04
2.97%

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
50,419.99
51,288.25
-1.69%
Rice IRRI -6(Rs/100kg)
3,725.00
3,751.00
-0.69%
KCA Cotton (Rs/mound)
7,400.00
7,000.00
5.71%
International
Current
Previous
Change
Coal Spot(USD/ton)
122.90
120.55
1.95%
Gold Futures (USD/oz)
1,772.10
1,818.00
-2.52%
Sugar 11 (USD/lb)
28.18
28.12
0.21%
Steel (USD/ton)
754.32
756.06
-0.25%
Wheat (CBT) (USD/bu)
696.000
704.50
-1.21%
PTA (USD/ton)
1,345.00
1,275.00
5.49%
Copper (USD/ton)
8,686.25
8,603.25
0.96%

Kindly Click here for PDF Version

(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.