BasedLine

Date: 23-September-2011
KSE-100 Index
Previous Index 11,851.98
Current Index 11,690.23
Change % -1.36%
YTD (CY11) -2.76%
YTD (FY12) -6.45%
KSE-100 Index
Previous Index 21,489.38
Current Index 21,303.98
Change % -1.33%
YTD (CY11) 12.76%
YTD (FY12) 1.28%
International Indicators
 
Close
%age
BSE-30 16,361.15 -4.13
HANGSENG 17,911.95 -4.85
NIKKEI 225 8,560.26 -2.07
FTSE 5,041.61 -4.67
DJIA 10,733.83 -3.51
SSEC 2,443.06 -2.78
NASDAQ 2,455.67 -3.25
 
Close
%age
TASI n/a n/a
KSE(Kuwait) 5,916.20 -0.67
BSE 1,245.01 -0.92
MSM 5,699.29 -0.74
ADX 2,557.45 -0.02
DFM 1,460.29 -0.84
QSE 8,444.79 -0.62
Capital Market Overview

Market watch: Bourse follows global market trend

The Karachi stock market followed the global bearish trend on Thursday after the Federal Reserve said the economic outlook remains grim. more... (ET)

NAVs and Returns
as of September 22,2011
Funds Offer Redemption
POGSF
10.1860/-
10.1860/-
YTD Return
12.53%
POAIIF
52.2514/-
51.7289/-
YTD Return
12.98%
POAAAF
48.78/-
47.56/-
YTD Return
-5.86%
POIAAF
54.05/-
52.70/-
YTD Return
0.86%
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
32.90
2,829
72.41
3.22
-2.76%
KSE30
6.75
580
36.32
2.88
-3.36%
KMI30
4.96
426
27.71
2.17
12.76%
KSE All
35.84
3,082
82.73
3.30
-3.01%
September 22, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
180.43
113.78
-9.47%
OGDC
15.00
134.11
131.28
-12.34%
UBL
2.00
59.38
43.76
-4.09%
LUCK
1.70
72.91
37.20
2.92%
September 22, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
27.41
-22.43
4.97
Foreign Corporates
1,652.22
-1,989.81
-337.59
Overseas Pakistani
270.06
-193.44
76.62
Grand Total
1,949.69
-2,205.68
-255.99
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
21-Sep-11
22-Sep-11
Change
Gross Buy
538.44
-38.25%
32.75
-54.48%
7.12
1.95
-72.62%
Gross Sell
-544.94
7.13%
-28.43
-48.17%
-3.22
-2.21
-31.49%
Net Buy/(Sell)
-6.65
-101.76%
4.42
-74.92%
3.90
-0.26
-106.56%
S.C.R.A
Country
During the Period FY12TD
21-09-2011
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
-
-
2.03
-
-
-0.96
-
0.03
-0.03
Luxembourg
5.65
-
-
25.21
-
-
-19.56
0.01
-
0.01
Switzerland
10.41
0.18
-
14.49
-
-
-3.89
0.54
-
0.54
UAE
1.18
0.52
-
2.34
4.18
-
-5.34
0.18
1.28
-1.10
UK
15.85
0.16
-
41.65
-
-
-25.64
-
0.51
-0.51
USA
46.74
-
-
72.14
-
-
-25.68
0.05
0.11
-0.07
Total
89.83
0.86
-
167.37
4.18
-
-81.66
0.78
1.93
-1.15
News Clippings
Economy

IMF sees Pakistan’s FY11 GDP at 3.8pc

Pakistan’s GDP growth rate will hover around 3.8 and inflation about 12 percent, Geo News reported. more... (N)

Local tea second best in the world taste-wise

Pakistan has great potential to produce tea for local consumption and save billions of rupees it spends on tea imports, an official of Pakistan Agriculture Research Council (PARC) told APP on Thursday. more... (ET)

Marine food exports top 10pc

Export of fish and fish preparations increased by 10.10 percent during the first two months of the current fiscal year (2011-12) as compared to the exports of the same period of last year. more... (N)

Pakistan forex reserves fall to $17.64 bn

Pakistan's foreign exchange reserves fell to $17.64 billion in the week ending Sept 17 from $17.79 billion the previous week, the central bank said on Thursday. more... (ET)

Company & Sector Update

CCP showcauses PEMA for collusive bidding

The Competition Commission of Pakistan (CCP) Thursday issued a showcause notices to Pakistan Electric Power Equipment Manufacturers Association (PEMA) and its 21 members more... (N)

Livestock export: Leather industry, meat sellers demand ban

Meat merchants and representatives of the leather industry said on Thursday that in the post-floods scenario, the government should ban animal exports, especially to Iran and Afghanistan, to prevent shortages of meat and animal skins. more... (D)

Punjab to spend Rs37b on irrigation system

The Punjab government has approved a Rs36.9 billion project for introducing modern technology in irrigation system to give a significant boost to the agricultural sector, more... (N)

Three reconstructed KPT berths to be inaugurated on Sept 23

The three reconstructed berths of Karachi Port Trust (KPT) will be inaugurated at a ceremony here on Friday (Sept 23). more... (BR)

Political

“No US boots on our ground”

Pakistan would not tolerate any incursion on its territory by US forces targeting militant groups, the country’s interior minister said on Thursday, calling for Washington to provide the intelligence Islamabad needs to take them out itself. more... (D)

Pakistan exporting terror in Afghanistan: Mullen

US Admiral Mike Mullen has accused Pakistan on Thursday of "exporting" violent extremism to Afghanistan by allowing militants to act as an "arm" of Islamabad's intelligence service. more... (N)

Khar urges US to share proofs with Pakistan

While responding to the US allegations against Pakistan with respect to the aid provided to Haqqani network, Pakistan Foreign Minister Hina Rabbani Khar said that if US has any such proofs, they should be shared with the Pakistani government. more... (N)

Imran Farooq murder case: SHC seeks missing accused’s travel record

The Sindh High Court has directed the state to file the most recent travel details of a missing employee of the Karachi Water and Sewerage Board, who is allegedly involved in the Imran Farooq murder case. more... (ET)

GCC

Global recession fears spook world markets$23bn windfall for the new Libya

World stocks plunged on Thursday on continuing economic uncertainty and fears of a double-dip recession. more... (Gulf News)

Peugeot UAE targets 5% share of automobile market by 2015

Peugeot will increase its market share in the UAE from 1 per cent to 5 per cent by 2015, eyeing a double-digit profit in 2012, more... (Gulf News)

Analysts optimistic about new law

New legislation that consolidates commercial laws and regulations in Dubai will cut red tape for investors and clear the way for companies operating in free zones to open branches in Dubai. more...(Gulf News)

Dewa extends final date to receive bids for power project

Dubai Electricity and Water Authority (Dewa) has decided to extend the final date to receive bids for the Independent Power Project of Hassyan-1 till December 12, more... (Gulf News)

Quote of the Day:

“There is one thing stronger than all the armies in the world, and that is an idea whose time has come.” Victor Hugo

 
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 17, 2011)
$17.64 bn
Trade Balance ( Aug 11)
$-2.43bn
Curr. A/C (Aug 11)
$-189mn
Remittances (July 11- 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
21-SEP-11
22-SEP-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.86
-0.09%
10.87%
10.89%
2.60
     
21-SEP-11
22-SEP-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
930.63
985.94
55.31

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.02
13.07
13.13
13.21
Offer
13.52
13.32
13.38
13.71

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  
13.40
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
87.50
118.51
1.14
134.79
23.82
1.73
0.54

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.15
13.13
13.16
Last Cut Off.
13.07
13.23
13.31
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
13.21
13.17
13.20
13.17
10 Y-PIB
13.22
13.18
13.20
13.18

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
0.99
1.67
1.72
2.31
4.01
8.30
12.61
13.18
Change bps
1.00
-10.00
-9.00
-10.00
-8.00
-2.80
0.00
2.00

Commodities

     
22-SEP-11
23-SEP-11
change
WTI (USD/bbl)    
84.28
81.06
-3.82%
     
Brent (USD/bbl)    
108.50
106.25
-2.07%
     
Arab Light (USD/bbl)    
107.26
102.33
-4.60%

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
49,873.15
50,731.12
-1.69%
Rice IRRI -6(Rs/100kg)
3,634.00
3,685.00
-1.38%
KCA Cotton (Rs/mound)
6,700.00
6,900.00
-2.90%
International
Current
Previous
Change
Coal Spot(USD/ton)
122.55
122.90
-0.28%
Gold Futures
1,745.70
1,779.20
-1.88%
Sugar 11 (USD/lb)
24.81
25.91
-4.25%
Steel (USD/ton)
742.53
745.83
-0.44%
Wheat (CBT) (USD/bu)
633.75
666.75
-4.95%
PTA (USD/ton)
1,340.00
1,345.00
-0.37%
Copper (USD/ton)
7,653.25
8,275.75
-7.52%

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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.