BasedLine
Date: 19-September-2011
KSE-100 Index
Previous Index 11,302.22
Current Index
11,353.46
Change % 0.45%
YTD (CY11) -5.56%
YTD (FY12) -9.14%
KSE-100 Index
Previous Index 20,538.21
Current Index
20,626.08
Change % 0.44%
YTD (CY11) 9.70%
YTD (FY12) -1.47%
International Indicators
 
Close
%age
BSE-30 16,933.83 0.34
HANGSENG 19,455.31 1.43
NIKKEI 225 8,864.16 2.25
FTSE 5,368.40 0.58
DJIA 11,509.09 0.66
SSEC 2,482.34 0.13
NASDAQ 2,622.31 0.58
 
Close
%age
TASI 6,144.35 -0.47
KSE(Kuwait) 6,003.30 -0.39
BSE 1,264.23 -0.08
MSM 5,742.74 0.34
ADX 2,570.82 -0.23
DFM 1,471.58 0.26
QSE 8,431.54 1.00
Capital Market Overview

Weekly review: KSE-100 recovery continues despite global economic concerns

Global economic concerns had little bearing on the Karachi Stock Exchange (KSE) as it continued to recover from the bear onslaught witnessed in August. more... (ET)

NAVs and Returns
as of September 16,2011
Funds Offer Redemption
POGSF
10.16/-
10.16/-
YTD Return
12.38%
POAIIF
52.17/-
51.64/-
YTD Return
13.19%
POAAAF
49.04/-
47.81/-
YTD Return
-5.36%
POIAAF
55.12/-
53.74/-
YTD Return
2.85%
POAF
11.52/-
YTD Return
12.66%
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
32.14
2,764
32.45
1.63
-5.56%
KSE30
6.58
566
22.41
1.47
-5.79%
KMI30
4.85
417
15.26
1.11
9.70%
KSE All
35.07
3,016
46.70
1.77
-5.62%
September 16, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
174.98
114.18
-12.20%
OGDC
14.00
127.80
122.96
-16.47%
UBL
2.00
57.77
43.92
-6.69%
LUCK
1.70
73.64
37.33
3.95%
September16, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
3.05
-2.69
0.36
Foreign Corporates
410.28
-904.10
-493.82
Overseas Pakistani
144.21
-130.29
13.92
Grand Total
557.54
-1,037.07
479.54
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
15-Sep-11
16-Sep-11
Change
Gross Buy
538.77
-97.52%
21.87
-65.47%
0.69
0.56
-19.20%
Gross Sell
-548.61
-95.88%
-21.12
-55.67%
-3.29
-1.04
-68.48%
Net Buy/(Sell)
-9.84
-99.80%
0.76
-95.22%
-2.59
-0.48
-81.49%
S.C.R.A
Country
During the Period FY12TD
16-09-2011
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
-
-
1.87
-
-
-0.79
-
0.00
0.00
Luxembourg
5.64
-
-
25.16
-
-
-19.52
-
0.01
-0.01
Switzerland
9.87
0.18
-
14.40
-
-
-4.34
0.02
0.40
-0.39
UAE
0.87
0.52
-
1.06
4.18
-
-4.38
-
-
-
UK
15.43
0.16
-
41.04
-
-
-25.44
-
0.01
-0.01
USA
46.53
-
-
70.59
-
-
-24.34
2.05
0.65
1.40
Total
88.30
0.86
-
163.62
4.18
-
-79.45
2.07
1.09
0.98
News Clippings
Economy

Rs5bn raised last year still lying unused

The government, through the United Nations, has launched an appeal for $356 million international assistance for the people of rain- and flood-affected areas despite the fact that it has not utilised Rs5 billion collected for flood victims last year. more... (D)

Pakistan Steel in dire straits; liability Rs110bn

The Pakistan Steel Mills is facing a severe financial crisis with its liabilities exceeding Rs110 billion and production dropping to 18 per cent of its capacity owing to shortage of raw material and running finances. more... (D)

Pakistan will not seek new IMF programme

Pakistan will not seek a new International Monetary Fund (IMF) programme, nor will it ask for an extension of the current one due to end on September 30, because it has no balance of payments crisis and has enough foreign exchange reserves, a finance ministry official told Reuters on Sunday. more... (DT)

SBP softens conditions for micro financing

The State Bank of Pakistan (SBP) has immediately withdrawn the general provision requirements for loans extended by microfinance banks (MFBs) against gold or other cash collateral. more... (FD)

Company & Sector Update

Petroleum Policy 2011 shortly

Petroleum Policy 2011, coming in a few days, is slated to be more pro-sector than before, Geo News reported Sunday. more... (N)

Pepco failed to recover Rs63bn dues

Recoveries made by Pakistan Electric Power Company (Pepco) declined to only 89.8 per cent during 2010-11, creating a deficit of Rs63 billion in its revenues and adding to the burden of power sector circular debt. more... (D)

SSGC cuts off gas supply: KESC

Sui Southern Gas Company (SSGC) has disconnected its gas supply to Karachi Electric Supply Company (KESC) resulting units of 220MW power plant in Korangi had tripped, Geo News reported. more... (N)

Shipping Activity at Port Qasim

One ship arrived at Port Qasim (PQ) on Saturday 17th September, 2011, carrying Diesel Oil at FOTCO. more... (BR)

Political

Khar discusses Pak-US ties with Clinton

Foreign Minister Hina Rabbani Khar, who is heading the Pakistani delegation to the United Nations General Assembly, discussed bilateral relations with US Secretary of State Hillary Clinton on Sunday. more... (D)

Blast in Karachi targets SSP CID, 8 killed

At least eight people were killed in a car bomb attack targeting a senior police official in the Darakshan area of Karachi on Monday. more... (ET)

North Waziristan: US mounts pressure on Pakistan to take action

In a meeting with Chief of Army Staff General Ashfaq Parvez Kayani in Seville, Spain, on Friday, the US Chairman of the Joint Chiefs of Staff (CJCS) Admiral Mike Mullen reportedly told his Pakistani counterpart that he would like to see the Pakistani military act against the safe havens of the Haqqani Network in North Waziristan. more... (ET)

Altaf takes his words back about Asfandyar Wali

MQM Chief Altaf Hussain on Monday took his words back about Asfandyar Wali, saying he was regretful on hurting Asfandyar and ANP workers, Geo News reported. more... (N)

GCC

UAE paper use among highest in the world

The UAE's paper consumption is one of the highest in the world, clocking annual growth of 5-6 per cent, according to international industry statistics released yesterday on the sidelines of the opening of the Paper Arabia 2011 exhibition in Dubai. more... (Gulf News)

Banker wants to focus on boosting the economy

Boosting the UAE economy is the main point on the agenda of Federal National Council (FNC) candidate Abdul Shakoor Tahlak. more... (Gulf News)

Kuwait posts 35% of budget income in two months

KUWAIT CITY, Sep 18, 2011 (AFP) - OPEC member Kuwait posted 35 percent of budget revenue estimates in the first two months of the fiscal year on the back of higher oil prices and output, according to official figures released Sunday. more...(Zawya)

Major markets in MENA face shortage of 3.5 million affordable housing units

Jones Lang LaSalle, the world's leading real estate investment and advisory firm, has today published a special report titled "Why Affordable Housing Matters?" for the Middle East and North Africa (MENA) region. more... (Zawya)

Quote of the Day:

“Profit in business comes from repeat customers, customers that boast about your project or service, and that bring friends with them.” W. Edwards Deming

 
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
15-SEP-11
16-SEP-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.84
0.05%
10.90%
10.89%
-1.10
     
15-SEP-11
16-SEP-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
991.02
981.77
9.25

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.05
13.09
13.15
13.23
Offer
13.55
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
13.30
13.30
13.30
13.30
13.40
Low  
12.75
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
87.60
120.79
1.14
138.25
23.85
1.74
0.52

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.29
13.28
13.32
Last Cut Off.
13.07
13.30
13.40
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
13.18
13.12
13.18
13.12
10 Y-PIB
13.15
13.10
13.15
13.10

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
1.01
1.86
2.05
2.48
4.15
8.36
12.61
13.10
Change bps
0.00
-7.00
-2.00
-4.00
-7.00
3.50
0.00
0.00

Commodities

     
16-SEP-11
19-SEP-11
change
WTI (USD/bbl)    
89.66
86.77
-3.22%
     
Brent (USD/bbl)    
112.87
111.32
-1.37%
     
Arab Light (USD/bbl)    
110.04
109.52
-0.47%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
92.64
92.10
0.59%
Furnace Oil (Rs/ton)
71,663.64
69,507.20
3.10%
Cement (Rs. Bag Avg)
410.88
402.63
2.05%
Urea Fertilizer (Rs/bag)
1,604.58
1,642.50
-2.31%
Gold 24cr (Rs./10gm) Khi
51,991.09
50,419.99
3.12%
Rice IRRI -6(Rs/100kg)
3,768.00
3,725.00
1.15%
KCA Cotton (Rs/mound)
7,300.00
7,400.00
-1.35%
International
Current
Previous
Change
Coal Spot(USD/ton)
122.90
120.55
1.95%
Gold Futures (USD/oz)
1,825.70
1,772.10
3.02%
Sugar 11 (USD/lb)
26.31
28.18
-6.64%
Steel (USD/ton)
752.55
754.32
-0.23%
Wheat (CBT) (USD/bu)
688.25
696.00
-1.11%
PTA (USD/ton)
1,345.00
1,275.00
5.49%
Copper (USD/ton)
8,671.25
8,686.25
-0.17%

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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.