BasedLine
Date: 22-September-2011
KSE-100 Index
Previous Index 11,522.87
Current Index 11,851.98
Change % 2.86%
YTD (CY11) -1.42%
YTD (FY12) -5.15%
KSE-100 Index
Previous Index 20,978.47
Current Index 21,489.38
Change % 2.44%
YTD (CY11) 14.28%
YTD (FY12) 2.64%
International Indicators
 
Close
%age
BSE-30 17,065.15 -0.20
HANGSENG 18,824.17 -1.00
NIKKEI 225 8,741.16 0.23
FTSE 5,288.41 -1.40
DJIA 11,124.84 -2.49
SSEC 2,512.96 2.66
NASDAQ 2,538.19 -2.01
 
Close
%age
TASI 6,142.26 -0.03
KSE(Kuwait) 5,955.90 -0.35
BSE 1,256.56 0.00
MSM 5,741.74 0.09
ADX 2,557.99 0.04
DFM 1,472.65 0.45
QSE 8,497.40 0.62
Capital Market Overview

Market watch: Massive buying takes bourse to six-week high

Investors pushed the stock market to a six-week high on Wednesday with massive buying across the board as expectation rose of a cut in discount rate following lower-than-expected inflation data. more... (ET)

NAVs and Returns
as of September 21,2011
Funds Offer Redemption
POGSF
10.1802/-
10.1802/-
YTD Return
12.35%
POAIIF
52.2375/-
51.7151/-
YTD Return
13.02%
POAAAF
48.97/-
47.75/-
YTD Return
-5.48%
POIAAF
54.29/-
52.93/-
YTD Return
1.30%
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
33.37
2,870
102.94
6.52
-1.42%
KSE30
6.85
589
74.61
6.19
-1.91%
KMI30
5.03
432
47.07
4.32
14.28%
KSE All
36.33
3,124
117.14
6.67
-1.73%
September 21, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
183.75
113.97
-7.80%
OGDC
14.00
137.92
122.74
-9.85%
UBL
2.00
59.65
43.84
-3.65%
LUCK
1.70
73.00
37.26
3.05%
September 21, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
32.01
-51.74
-19.73
Foreign Corporates
6,702.90
-2,493.05
4,209.85
Overseas Pakistani
385.52
-674.92
-289.41
Grand Total
7,120.42
-3,219.71
3,900.71
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
20-Sep-11
21-Sep-11
Change
Gross Buy
536.53
-38.29%
30.84
-55.56%
1.05
7.12
-578.13%
Gross Sell
-542.79
6.90%
-26.27
-51.26%
-1.32
-3.22
144.62%
Net Buy/(Sell)
-6.40
-101.70%
4.68
-70.75%
-0.27
3.90
-1,565.35%
S.C.R.A
Country
During the Period FY12TD
20-09-2011
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
-
-
2.01
-
-
-0.93
-
0.07
-0.07
Luxembourg
5.64
-
-
25.21
-
-
-19.56
0.01
0.01
0.00
Switzerland
9.87
0.18
-
14.49
-
-
-4.43
-
0.04
-0.04
UAE
1.00
0.52
-
1.06
4.18
-
-4.25
0.06
-
0.06
UK
15.85
0.16
-
41.14
-
-
-25.13
0.42
0.10
0.32
USA
46.69
-
-
72.03
-
-
-25.62
0.00
0.73
-0.73
Total
89.05
0.86
-
165.44
4.18
-
-80.51
0.49
0.94
-0.45
News Clippings
Economy

SBP slashes yields on 6, 12 months’ T-bills

The State Bank of Pakistan (SBP) on ednesday reduced the cut-off yields on 6 and 12 months’ treasury bills (T-bills). more... (FD)

Nuclear power plants for energy advocated

Pakistan needs to build more nuclear power plants to provide energy relief that the country so desperately need and therefore requires international collaboration. more... (FD)

Ogra increases gas tariff by up to Rs12.6 per unit

(Ogra) has allowed gas distributors to increase tariff by up to Rs12.64 per unit to improve their revenues and the price hike will take effect from January next year. more... (ET)

Default looming: PSO to pay Rs15b to oil suppliers by Sept 23

Cash-strapped Pakistan State Oil (PSO) is again close to defaulting on payments to international fuel suppliers as it has not been able to arrange Rs15.6 billion more... (ET)

Russia, Ukraine emerge biggest markets for Pakistani Kinnow

Russia and Ukraine have emerged as the biggest markets for Pakistani kinnow as exports to these countries have reached to 30 percent more... (BR)

Company & Sector Update

Cement sales rise 7% on higher local demand

Cement sales rose seven per cent to 5.2 million tons on the back of higher demand in the first two months of fiscal 2012 more... (ET)

Private sector borrowing shrinks in 1st quarter

First quarter of the current fiscal year is coming to an end, but economy seems to have no indication of positive growth as main engine for growth, more... (D)

KSE scales a 7-week peak

Karachi Stock Exchange (KSE) ended over a month-and-a-half high on Wednesday on expectations the central bank may again cut its key policy rate more... (N)

SECP, PBC talk corporate governance

The Securities and Exchange Commission of Pakistan (SECP) held a meeting with the Pakistan Business Council (PBC) and discussed amendments to the Code of Corporate Governance. more... (N)

Petroleum levy troubles local LPG producers

Private local Liquefied Petroleum Gas (LPG) producers faced uncertainty on Wednesday after Oil and Gas Regulatory Authority (OGRA) notified the new price of LPG—Rs 115 more... (DT)

Political

US Senate ties Pakistan aid to Haqqani crackdown

A US Senate committee voted on Wednesday to make economic and security aid to Pakistan conditional on its cooperation in fighting militants such as the Haqqani network, more... (D)

Sarkozy allies drawn into Karachi kickbacks affair

A friend of French President Nicolas Sarkozy was arrested and another placed under investigation on Wednesday over their possible role in a corruption case more... (D)

Better law & order to spur economic progress: Ibad

The government is committed to create environment conducive for peace and development, and restore the confidence of investors. more... (DT)

Gilani vows to rehabilitate 7.3 million flood affected people

Prime Minister Syed Yusuf Raza Gilani Wednesday said the government would do all within more... (BR)

'Well done Shahbaz,' says Khosa

Punjab Governor Sardar Latif Khan Khosa has admired Punjab Chief Minister Shahbaz Sharif for his efforts to control dengue more... (N)

GCC

$23bn windfall for the new Libya

Libya's revolutionary government has enjoyed a surprise windfall that will help finance the country's post-war recovery after discovering $23bn-worth of assets more... (Zawya)

UAE: All employees entitled to end of service benefits

The Fatwa and Legislation Department in the UAE Ministry of Justice has affirmed that end of service gratuity is an indisputable right an employee attains, more... (Zawya)

New law to regulate economic activity in Dubai

A new law regulating economic activity in Dubai was issued yesterday by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE more...(Gulf News)

Dubai's economy 'shows extraordinary expansion'

Dubai managed to catch up with higher labour productivity levels in Singapore by 2007 more... (Gulf News)

New efforts to boost SMEs

Dubai's government wants to boost the number of small- and medium-sized enterprises (SME) more... (Gulf News)

Quote of the Day:

“History, despite its wrenching pain, cannot be unlived, however, if faced with courage, need not be lived again.” Maya Angelou

 
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
20-SEP-11
21-SEP-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.93
-0.28%
10.78%
10.87%
8.20
     
20-SEP-11
21-SEP-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,055.91
930.63
-125.28

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.02
13.08
13.14
13.22
Offer
13.52
13.33
13.39
13.72

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.25
13.20
13.30
13.30
13.30
13.40
Low  
11.00
13.10
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
119.70
1.14
137.51
23.85
1.74
0.53

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.25
13.22
13.28
Last Cut Off.
11.00
13.23
13.31
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
13.20
13.16
13.25
13.16
10 Y-PIB
13.20
13.16
13.26
13.16

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
0.99
1.77
1.81
2.41
4.09
8.33
12.61
13.16
Change bps
0.00
-2.00
-14.00
2.00
-12.00
-1.10
0.00
-5.00

Commodities

     
21-SEP-11
22-SEP-11
change
WTI (USD/bbl)    
86.82
84.28
-2.93%
     
Brent (USD/bbl)    
110.50
108.50
-1.81%
     
Arab Light (USD/bbl)    
107.98
107.26
-0.67%

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
50,731.12
51,691.95
-1.86%
Rice IRRI -6(Rs/100kg)
3,685.00
3,712.00
-0.73%
KCA Cotton (Rs/mound)
6,900.00
7,000.00
-1.43%
International
Current
Previous
Change
Coal Spot(USD/ton)
122.55
122.90
-0.28%
Gold Futures
1,779.20
1,815.00
-1.97%
Sugar 11 (USD/lb)
25.91
26.79
-3.28%
Steel (USD/ton)
742.53
745.83
-0.44%
Wheat (CBT) (USD/bu)
666.75
674.75
-1.19%
PTA (USD/ton)
1,340.00
1,345.00
-0.37%
Copper (USD/ton)
8,275.75
8,279.75
-0.05%

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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.