BasedLine
Date: 21-September-2011
KSE-100 Index
Previous Index 11,356.64
Current Index
11,522.87
Change % 1.46%
YTD (CY11) -4.16%
YTD (FY12) -7.79%
KSE-100 Index
Previous Index 20,712.04
Current Index
20,978.47
Change % 1.29%
YTD (CY11) 11.56%
YTD (FY12) 0.20%
International Indicators
 
Close
%age
BSE-30 17,099.28 2.11
HANGSENG 19,014.80 0.51
NIKKEI 225 8,721.24 -1.61
FTSE 5,363.70 1.98
DJIA 11,408.66 0.07
SSEC 2,447.76 0.41
NASDAQ 2,590.24 -0.86
 
Close
%age
TASI 6,144.27 0.42
KSE(Kuwait) 5,977.00 0.01
BSE 1,256.50 -0.06
MSM 5,736.56 0.03
ADX 2,556.93 -0.28
DFM 1,466.08 0.24
QSE 8,444.67 0.46
Capital Market Overview

Market watch: Healthy economic data lifts stock market

Surprisingly low inflation data for August triggered an across-the-board rally at the Karachi bourse on Tuesday. more... (ET)

NAVs and Returns
as of September 20,2011
Funds Offer Redemption
POGSF
10.18/-
10.18/-
YTD Return
12.30%
POAIIF
52.22/-
51.70/-
YTD Return
13.05%
POAAAF
48.48/-
47.27/-
YTD Return
-6.43%
POIAAF
53.94/-
52.59/-
YTD Return
0.65%
POAF
B.C
YTD Return
B.C
Funds Rating
AMC
AM3
POAIIF
A+ (f)
POAF
AA-
  Jul-11 Aug -11
MoM (%)
AUM's (PKR bn) 216.00 225.15 4.24%
No of AMCs 26 26 -
No of Funds 122 122 -
KSE Market Data
KSE Market Data
Capitalization
Volume
Traded Val.
KSE Return
 
(USD bn)
(Rs. bn)
(Sh. mn)
(Rs.bn)
(YTD)
KSE100
32.48
2,793
39.54
2.54
-4.16%
KSE30
6.66
573
25.64
2.36
-4.60%
KMI30
4.91
423
16.26
1.84
11.56%
KSE All
35.41
3,045
49.26
2.64
-4.32%
September 20, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
177.29
113.97
-11.04%
OGDC
14.00
131.37
122.74
-14.13%
UBL
2.00
58.50
43.84
-5.51%
LUCK
1.70
71.34
37.26
0.71%
September 20, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
14.67
-19.93
-5.25
Foreign Corporates
911.87
-1,161.75
-249.88
Overseas Pakistani
123.46
-134.53
-11.06
Grand Total
1,050.01
-1,316.21
-266.20
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
19-Sep-11
20-Sep-11
Change
Gross Buy
529.58
-38.86%
23.88
-63.92%
1.51
1.05
-30.56%
Gross Sell
-539.64
6.83%
-23.13
-54.93%
-1.23
-1.32
7.05%
Net Buy/(Sell)
-10.30
-102.74%
0.78
-94.94%
0.28
-0.27
-194.19%
S.C.R.A
Country
During the Period FY12TD
19-09-2011
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
-
-
1.94
-
-
-0.87
0.00
0.07
-0.07
Luxembourg
5.64
-
-
25.20
-
-
-19.56
0.00
0.04
-0.04
Switzerland
9.87
0.18
-
14.45
-
-
-4.40
-
0.05
-0.05
UAE
0.94
0.52
-
1.06
4.18
-
-4.30
0.07
-
0.07
UK
15.43
0.16
-
41.04
-
-
-25.44
-
-
-
USA
46.69
-
-
71.30
-
-
-24.89
0.16
0.71
-0.54
Total
88.56
0.86
-
164.49
4.18
-
-80.06
0.26
0.87
-0.61
News Clippings
Economy

IFC lends $70mn to KPT for uplift

International Financial Corporation (IFC), a member of the World Bank Group, is providing a $70 million loan to the Karachi Port Trust, in parallel with up to $120 million in World Bank financing, to help improve the port's efficiency, increase Pakistan's international trade, and create jobs for the people. more... (FD)

Rains hit most Pak cotton crop in region

Seasonal floods across South Asia have largely spared summer crops this year, helping meet output targets for key rice and cane harvests, but Pakistan could import more cotton after losing about two million bales of the fibre to rains. more... (FD)

Punjab to set up industrial park in Rahim Yar Khan

The Punjab government has approved construction of an industrial park in Rahim Yar Khan to cater to increasing needs of textile and food products. more... (ET)

CPI falls to 11.56% in August 2011

The Consumer Price Index (CPI) fell to 11.56 percent on yearly basis in August 2011, which is far less the consensus forecast and July reported CPI of 13.89 percent, Federal Bureau of Statistics revealed Wednesday. more... (N)

Oil & gas projects: NA panel slams bureaucrats for delays

A parliamentary panel on Tuesday grilled the oil and gas sector regulator and energy companies for creating hurdles in the way of completing development projects in the country. more... (ET)

Company & Sector Update

Consumer Price Index: Govt changes method for calculating inflation

The government has changed its inflation calculating methodology to depict changes in spending practices and that has brought down inflation numbers in August compared to the same month a year earlier. more... (ET)

Dr Asim briefs PM about petroleum policy

Dr Asim Hussain, Federal Minister for Petroleum and Natural Resources, called on Prime Minister Yousaf Raza Gilani here Tuesday and apprised him about the Petroleum Policy 2011 more... (DT)

LPG brokers slam OGRA notification

Liquefied Petroleum Gas (LPG) prices across Pakistan have been increased by at least 16 percent more... (DT)

Mutual funds flat in August

After witnessing an appreciation of 4 per cent month on month basis (MoM) in July 2011, the local mutual funds industry remained stagnant in August 2011 more... (FD)

Oil and gas sector: Exploration companies now partial distributors

The government has decided to allow oil and gas exploration companies to sell ten per cent of their oil and gas findings directly to consumers, under the Petroleum Policy 2011. more... (ET)

Political

US demands Pakistan action against Haqqani network

The United States on Tuesday renewed blunt demands that Pakistan crack down on Haqqani network, saying the network posed a serious threat to US forces in Afghanistan. more... (N)

ISI seeks one-week to submit reply in Saleem Shahzad case

The top spy agency of the country, ISI, on Tuesday sought one week time from the judicial commission probing journalist Saleem Shahzad's murder to submit a reply on the matter. more... (DT)

Pakistan allows limited presence of US troops: report

The United States and Pakistan have agreed to limit the number of Americans in that country, amid frayed relations between the two nations and a struggle to repair them, British daily newspaper reported. more... (N)

SC expresses dissatisfaction over police reports on Karachi

A two-member bench of the Supreme Court, comprising Justice Anwar Zaheer Jamali and Justice Sarmad Jalal Osmani, on Tuesday expressed dissatisfaction over the reports submitted by the Karachi Police in compliance with an interim order in a suo motu case on the law and order situation in Karachi. more... (DT)

GCC

Free trade with Asean, GCC being pursued

Pakistan expects to seal free trade agreement (FTAs) with two promising regional groupings to boost the country's trade performance, Secretary Commerce, more... (FD)

IMF sees Mideast stagnation

The International Monetary Fund (IMF) said yesterday that it expects economic growth in the Middle East and North Afirca region more... (Zawya)

US$63.5b construction spend in Kuwait will see significant increase in residential developments by 2014

UAE. September 20, 2011. The construction industry in Kuwait is estimated to spend more than US$63b over the next three years, more...(Zawya)

Middle East airlines' 2012 profit forecast to shrink to $700m: IATA

The Middle East's airlines will see their 2012 profit shrinking to $700 million, from the $800 million forecast for 2011,more... (Gulf)

New Opec quota accord hinges on Libya recovery

Opec will reach an agreement at the December meeting after acrimonious talks broke down in June,more... (Gulf)

Quote of the Day:

“Those who believe that they are exclusively in the right are generally those who achieve something.” Aldous Huxley

 
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 ( Aug 11)
$-2.43bn
Curr. A/C (Aug 11)
$-189mn
Remittances (Aug 11)
$2.41bn
Foreign Investment (Jul 11-Aug 11)
$65.2mn
All Sch. Banks Deposit Base (Aug 30, 2011)
Rs715.78bn
Inflation
CPI Gen. - YoY (Aug-11) 11.56%
   
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
19-SEP-11
20-SEP-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.41
0.66%
10.71%
10.89%
-17.60
     
19-SEP-11
20-SEP-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,033.30
981.77
51.53

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.03
13.09
13.15
13.23
Offer
13.53
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  
13.00
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
119.17
1.14
137.26
23.85
1.74
0.52

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.29
13.28
13.36
Last Cut Off.
13.07
13.30
13.40
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
13.24
13.22
13.18
13.22
10 Y-PIB
13.28
13.22
13.15
13.22

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
0.99
1.80
1.94
2.39
4.15
8.33
12.61
13.22
Change bps
-2.00
-6.00
-11.00
-9.00
-0.00
-3.60
0.00
12.00

Commodities

     
20-SEP-11
21-SEP-11
change
WTI (USD/bbl)    
85.70
86.82
1.31%
     
Brent (USD/bbl)    
109.32
110.50
1.08%
     
Arab Light (USD/bbl)    
106.41
107.98
1.48%

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
51,691.95
50,785.98
1.78%
Rice IRRI -6(Rs/100kg)
3,713.00
3,768.00
-1.46%
KCA Cotton (Rs/mound)
7,300.00
7,400.00
-1.35%
International
Current
Previous
Change
Coal Spot(USD/ton)
122.55
122.90
-0.28%
Gold Futures (USD/oz)
1,815.00
1,785.00
1.68%
Sugar 11 (USD/lb)
26.79
26.71
0.30%
Steel (USD/ton)
748.40
752.55
-0.55%
Wheat (CBT) (USD/bu)
673.00
688.25
-2.22%
PTA (USD/ton)
1,340.00
1,345.00
-0.37%
Copper (USD/ton)
8,339.00
8,671.25
-3.83%

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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.