BasedLine

Date: 28-September-2011
KSE-100 Index
Previous Index 11,265.03
Current Index 11,531.24
Change % 2.36%
YTD (CY11) -4.09%
YTD (FY12) -7.72%
KSE-100 Index
Previous Index 21,516.75
Current Index 20,984.23
Change % 2.28%
YTD (CY11) 11.59%
YTD (FY12) 0.23%
International Indicators
 
Close
%age
BSE-30 16,524.03 2.95
HANGSENG 18,130.55 4.15
NIKKEI 225 8,609.95 2.82
FTSE 5,294.05 4.02
DJIA 11,190.69 1.33
SSEC 2,415.05 0.91
NASDAQ 2,546.83 1.20
 
Close
%age
TASI 6,128.47 0.40
KSE(Kuwait) 5,853.80 -0.32
BSE 1,200.16 -1.63
MSM 5,647.11 0.09
ADX 2,543.81 0.47
DFM 1,448.46 0.13
QSE 8,417.98 0.39
Capital Market Overview

Market watch: Bourse follows global peers again

The local bourse duly followed global markets again on Tuesday to recover from the massive fall witnessed the preceding day. more... (ET)

NAVs and Returns
as of September 27, 2011
Funds Offer Redemption
POGSF
10.2024/-
10.2024/-
YTD Return
12.55%
POAIIF
52.3212/-
51.7980/-
YTD Return
12.83%
POAAAF
48.68/-
47.46/-
YTD Return
-6.06%
POIAAF
53.84/-
52.49/-
YTD Return
0.46%
POAF
10.55/-
YTD Return
12.52%
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
32.45
2,790
53.45
2.67
-4.09%
KSE30
6.65
572
34.95
2.46
-4.76%
KMI30
4.90
422
24.33
1.83
11.59%
KSE All
35.36
3,041
71.52
2.76
-4.31%
September 27, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
173.93
113.66
-12.73%
OGDC
14.90
131.53
130.27
-14.03%
UBL
2.00
59.50
43.72
-3.89%
LUCK
1.70
72.79
37.16
2.75%
September 27, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
15.67
-44.46
28.79
Foreign Corporates
1,163.54
-1,268.23
-104.70
Overseas Pakistani
337.43
-170.84
166.59
Grand Total
1,516.64
-1,483.53
33.11
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
26-Sep-11
27-Sep-11
Change
Gross Buy
545.15
-37.88%
39.46
-49.11%
3.49
1.52
56.54%
Gross Sell
-552.52
7.98%
-36.01
-37.73%
-2.45
-1.48
-39.45%
Net Buy/(Sell)
-7.53
-101.98%
3.54
-82.56%
1.04
0.03
-96.82%
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

Food export increases by 33.53pc in two months

The export of food commodities from the country during the first two months of current financial year registered an increase of 33.53 percent as against the export of same period last year. more... (BR)

US firm to invest $20m in office building

A US finance institution, Overseas Private Investment Corporation (OPIC), announced on Monday to extend a $20 million loan towards the completion of a 28-story office building in Karachi. more... (ET)

Power sector, commodity financing: Govt to convert Rs380b loans into sovereign debt

The government has decided to convert outstanding loans of Rs380 billion for power sector and commodity financing into sovereign debt that will push the budget deficit above the projected ceiling. However, it will enable banks to spare money and lend to energy companies for power generation. more... (ET)

Enforcement of Cotton Control Act urged

Pakistan Cotton Ginners Association (PCGA) Vice Chairman Shahzad Khan has urged all the stakeholders of cotton economy to ensure flawless enforcement of Cotton Control Act to produce best quality lint in the country. more... (ET)

Rental power: ‘Only 3 out of 15 projects come online’

The issue of rental power projects (RPPs) is over for now as only three out of 15 could come on stream before the deadline of December 31, 2009 and the remaining are dead, stated the Central Chairman of Institute of Electrical and Electronics Engineers of Pakistan (IEEEP), Tahir Basharat Cheema. more... (ET)

Company & Sector Update

SBP conversion rates

The State Bank of Pakistan (SBP) on Tuesday announced the rates applicable for conversion into rupee of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar Bonds and profits thereon by all banks and for providing forward cover on Foreign Currency Deposits (Excluding FE 25 deposits) on September 28, 2011. more... (BR)

Marble exports touch $76mn mark this year

The marble exports have touched $76 million mark this year and this figure is expected to surpass $100 in the coming years, Chief Executive Officer, Pakistan Stone Development Company (PASDEC), Ihsanullah Khan said. more... (BR)

Industrial output grows slightly in July

The large scale manufacturing (LSM) sector showed a marginal growth of 0.68 per cent during first month of current fiscal year as compared to the same period of the last year due to higher production from food and electronic sector, according to the data from the Federal Bureau of Statistics (FBS). more... (FD)

SC seeks record of CNG licenses

The Supreme Court (SC) on Tuesday sought a detailed comparative report from Oil & Gas Regulatory Authority (OGRA) regarding the issuance of CNG licenses and production of Oil and gas during the last nine years including the tenure of Tuqeer Sadiq. more... (FD)

Political

Pakistan must clamp down on Haqqani: US

The United States stepped up pressure Tuesday on the Pakistani government, saying it must clamp down on the Haqqani network blamed for the attack on the US embassy in Kabul. more... (ET)

Haqqani issue: PML-N to attend APC

The Pakistan Muslim League Nawaz (PML-N) announced that they will be taking part in the All Parties Conference (APC) scheduled on September 29, Geo News reported. more... (N)

Stop blaming us, Gilani warns US

Prime Minister Yousaf Raza Gilani warned the United States on Tuesday to stop accusing it of playing a double game with militants, and said Washington must correct a perceived tilt towards arch-foe India. more... (DT)

China extends support to Pak sovereignty

China on Tuesday categorically extended full support to Pakistan’s sovereignty, independence and territorial integrity and vowed to work with it for progress and peace in the region and the world. more... (FD)

GCC

Real estate will bounce back

Dubai is sheltered from the crisis in Europe and the US and its real estate industry is poised to make a comeback, according to Shaikh Ahmad Bin Saeed Al Maktoum, President of Dubai Civil Aviation and Chairman and Chief Executive of Emirates airline and Group. more... (Gulf News)

Islamic Funds and Investments Market Must Achieve Critical Mass at Global Scale for Long Term Success

The 7th Annual World Islamic Funds and Financial Markets Conference (WIFFMC 2011) which opened today at the Gulf International Convention and Exhibition Centre, Gulf Hotel, Bahrain, saw more than 400 leaders in the international Shari'ah-compliant funds and investments industry engage in critical discussions that focused on developing forward-thinking strategies to get the industry back on the high-growth track, achieve critical mass, and adapt to the new global economic landscape. more... (Zawya)

Global Construction Leaders debate highlights importance of GCC market to key players

A fresh wave of infrastructure spending has cemented the GCC's position as one of the most exciting markets for the world's biggest construction firms, with Saudi Arabia offering the most opportunities. more...(Zawya)

Plane maker seeks more tie-ups with Mubadala

Long Beach, California: Boeing is exploring additional areas of collaboration with Abu Dhabi-based Mubadala Development Company, a top official has said. more... (Gulf News)

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 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 (Sep 16, 2011)
Rs751.32bn
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
26-SEP-11
27-SEP-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.70
0.50%
11.08%
10.95%
-13.30
     
26-SEP-11
27-SEP-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,098.15
1,029.59
-68.57

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.04
13.05
13.11
13.19
Offer
13.54
13.30
13.36
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
89.50
121.06
1.19
139.64
24.50
1.74
0.54

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.15
13.13
13.08
Last Cut Off.
13.07
13.23
13.31
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
13.15
13.08
13.21
13.08
10 Y-PIB
13.15
13.10
13.22
13.10

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
1.00
1.96
1.94
2.54
4.25
8.32
12.61
13.10
Change bps
0.00
13.00
4.00
11.00
11.00
1.20
0.00
-8.00

Commodities

     
27-SEP-11
28-SEP-11
change
WTI (USD/bbl)    
81.83
83.23
1.71%
     
Brent (USD/bbl)    
105.45
106.47
0.97%
     
Arab Light (USD/bbl)    
103.08
105.52
2.37%

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)
414.50
410.88
0.88%
Urea Fertilizer (Rs/bag)
1,602.50
1,604.58
-0.13%
Gold 24cr (Rs./10gm) Khi
46,925.52
46,908.37
0.04%
Rice IRRI -6(Rs/100kg)
3,551.00
3,578.00
-0.75%
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
1,645.40
1,645.00
0.02%
Sugar 11 (USD/lb)
24.70
24.28
1.73%
Steel (USD/ton)
729.25
736.73
-1.10%
Wheat (CBT) (USD/bu)
658.25
648.25
1.54%
PTA (USD/ton)
1,270.00
1,345.00
-5.58%
Copper (USD/ton)
7,578.50
7,250.75
4.52%

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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.