BasedLine

Date: 27-September-2011
KSE-100 Index
Previous Index 11,606.86
Current Index 11,265.03
Change % -2.95%
YTD (CY11) -6.30%
YTD (FY12) -9.85%
KSE-100 Index
Previous Index 21,122.57
Current Index 20,516.75
Change % -2.87%
YTD (CY11) 9.10%
YTD (FY12) -2.00%
International Indicators
 
Close
%age
BSE-30 16,051.10 -0.69
HANGSENG 17,407.80 -1.48
NIKKEI 225 8,374.13 -2.17
FTSE 5,089.37 0.45
DJIA 11,043.86 2.53
SSEC 2,393.18 -1.64
NASDAQ 2,516.69 1.35
 
Close
%age
TASI 6,103.78 0.34
KSE(Kuwait) 5,872.40 0.39
BSE 1,220.08 -0.14
MSM 5,642.23 -0.34
ADX 2,531.88 -0.24
DFM 1,446.59 0.00
QSE 8,385.33 -0.20
Capital Market Overview

Market Watch: Stock market nosedives on panic selling

The stock market took a nosedive on panic selling in the first few hours of the trading session as investor sentiments dropped on the back of heightened tensions with the US over the weekend and falling global markets. more... (ET)

NAVs and Returns
as of September 26, 2011
Funds Offer Redemption
POGSF
10.1995/-
10.1995/-
YTD Return
12.55%
POAIIF
52.3073/-
51.7842/-
YTD Return
12.86%
POAAAF
48.03/-
46.83/-
YTD Return
-7.30%
POIAAF
53.27/-
51.94/-
YTD Return
-0.59%
POAF
10.55/-
YTD Return
12.37%
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
31.70
2,726
70.62
3.21
-6.30%
KSE30
6.48
557
43.30
2.88
-7.22%
KMI30
4.80
412
30.41
2.16
9.10%
KSE All
35.56
2,973
79.81
3.29
-6.44%
September 26, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
167.42
113.88
-16.00%
OGDC
14.50
128.60
127.02
-15.94%
UBL
2.00
58.02
43.80
-6.28%
LUCK
1.70
70.48
37.23
-0.51%
September 26, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
61.79
-37.35
24.44
Foreign Corporates
3,204.29
-2,108.50
1,095.79
Overseas Pakistani
223.12
-307.19
-84.07
Grand Total
3,489.20
-2,453.04
1,036.16
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
23-Sep-11
26-Sep-11
Change
Gross Buy
543.67
-37.94%
37.97
-50.07%
1.86
3.49
87.50%
Gross Sell
-551.08
7.93%
-34.56
-39.07%
-3.82
-2.45
-35.78%
Net Buy/(Sell)
-7.56
-101.99%
3.51
-82.39%
-1.96
1.04
-152.90%
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

South Korea to invest $15mn in TSML

Engineering Development Board (EDB) has successfully facilitated South Korean manufacturer of Iron and Steel products, Pohang Iron and Steel Company (POSCO) to invest in Pakistan. more... (FD)

Pakistan says will be able to repay IMF loans

Pakistan will have no trouble repaying a loan from the International Monetary Fund, its finance minister said on Monday, even though the country's economy has been hurt by heavy rains and floods. more... (BR)

Circular debt of Rs280b to get a face change

The government has decided to settle the power sector circular debt that currently stand around Rs280 billion by issuing Pakistan Investment Bond (PIB) to the banking industry. more... (ET)

Destitute energy chain: PSO pleads for help again, Rs50 billion this time

It has become a depressingly familiar sight. Pakistan State Oil, the largest oil marketing company in the country, needs about Rs50 billion in financing over the coming month to avoid defaulting on the letters of credit it uses to pay for the country’s oil imports. more... (ET)

Company & Sector Update

Govt yet to decide power tariff increase: Naveed

Minister for Water and Power, Syed Naveed Qamar Monday said that the government has not yet decided to increase the power tariff. more... (D)

New LPG policy's safety standards to prevent mishaps

The Liquified Petroleum Gas (LPG) Production and Distribution Policy 2011 enshrines elaborate safety standards to prevent and avoid any untoward incident. more... (BR)

Thar coal project to be operational in late 2013

Member of the Science and Technology Planning Commission Dr Samar Mubarakmand on Monday said that the Thar coal project will become operational in December 2013 and will bring prosperity into the country. more... (ET)

FBR to eleminate NIC condition on voucher: AKTI

Federal Board of Revenue (FBR) to abolish its condition of NIC number on delivery voucher immediately or the small traders would seek alternative methods to avoid legal ways of business. more... (BR)

Political

China vice premier hails Pak Army role

Vice Premier of Peoples Republic of China Meng Jianzhu has appreciated the role played by the armed forces of Pakistan in the fight against terror. more... (FD)

Haqqani links: Khar says US should not test patience

Pakistan Foreign Minister Hina Rabbani Khar says the Haqqani group that the US holds responsible for last week's attack against the American embassy in Kabul was CIA's "blue-eyed boy" for many years. more... (N)

Premier convenes APC on September 29 to discuss national security

Prime Minister Syed Yusuf Raza Gilani has convened the All Parties Conference on Thursday to discuss with political leaders the serious challenges to the national security and to forge a united stance. more... (BR)

US envoy calls on foreign secretary

Amid bitter relationship between Pakistan and United States, US ambassador to Pakistan Cameron Munter Monday called on Foreign Secretary Salman Bashir on Monday. more... (FD)

GCC

ENI restarts oil production from Libya wells

ENI, the Italian energy group, has resumed oil production in Libya six months after the civil war brought operations to a near standstill, and hopes to have a large part of its output restored by the end of the year, said Paolo Scaroni, chief executive. more... (Zawya)

Nakheel plans 200 villas on Palm Jumeirah: Sources

Nakheel a Dubai-based developer, is planning to build close to 200 villas on Palm Jumeirah, market sources told 'Emirates24|7'. more... (Zawya)

Islamic fund assets grew 7.6% last year

Islamic fund assets under management (AuM) grew by 7.6 per cent to $58 billion (Dh213 billion) in 2010, up from $53.9 billion in 2009, according to the fifth annual Ernst & Young Islamic Funds and Investments Report (IFIR 2011) released yesterday. more...(Gulf News)

UAE banks take steps to deal with Eurozone debt contagion

UAE banks have made the necessary provisions to deal with the European debt crisis and a potential global recession is not a worry for the oil producer's business hub Dubai, top government officials said Monday. more... (Gulf News)

Quote of the Day:

“Everyone experiences tough times, it is a measure of your determination and dedication how you deal with them and how you can come through them.” Lakshmi Mittal

 
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 (July 11- 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
23-SEP-11
26-SEP-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.27
-0.73%
10.88%
11.08%
20.20
     
23-SEP-11
26-SEP-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,066.78
1,098.15
31.37

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.04
13.05
13.10
13.19
Offer
13.54
13.30
13.35
13.69

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

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
90.00
117.33
1.15
135.38
23.85
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
13.21
13.17
10 Y-PIB
13.22
13.18
13.22
13.18

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
1.00
1.83
1.90
2.43
4.14
8.31
12.61
13.18
Change bps
2.00
8.00
8.00
7.00
12.00
1.10
0.00
0.00

Commodities

     
26-SEP-11
27-SEP-11
change
WTI (USD/bbl)    
79.75
81.83
2.61%
     
Brent (USD/bbl)    
103.71
105.45
1.68%
     
Arab Light (USD/bbl)    
101.66
103.08
1.40%

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
46,908.37
46,596.38
0.67%
Rice IRRI -6(Rs/100kg)
3,632.00
3,632.00
-1.49%
KCA Cotton (Rs/mound)
6,300.00
6,700.00
-5.97%
International
Current
Previous
Change
Coal Spot(USD/ton)
122.55
122.90
-0.28%
Gold Futures
1,645.00
1,633.40
0.71%
Sugar 11 (USD/lb)
24.28
24.13
0.62%
Steel (USD/ton)
736.73
737.71
-0.13%
Wheat (CBT) (USD/bu)
648.25
640.75
1.17%
PTA (USD/ton)
1,270.00
1,345.00
-5.58%
Copper (USD/ton)
7,250.75
7,343.00
-1.26%

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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.