BasedLine

Date: 29-September-2011
KSE-100 Index
Previous Index 11,531.24
Current Index 11,625.69
Change % 0.82%
YTD (CY11) -3.30%
YTD (FY12) -6.96%
KSE-100 Index
Previous Index 20,984.23
Current Index 20,984.23
Change % 0.91%
YTD (CY11) 12.60%
YTD (FY12) 1.14%
International Indicators
 
Close
%age
BSE-30 16,446.00 -0.47
HANGSENG 18,011.10 -0.66
NIKKEI 225 8,615.65 0.07
FTSE 5,217.63 -1.44
DJIA 11,010.90 -1.61
SSEC 2,392.06 -0.95
NASDAQ 2,491.58 -2.17
 
Close
%age
TASI 6,112.37 -0.26
KSE(Kuwait) 5,849.10 -0.08
BSE 1,183.25 -1.41
MSM 5,611.71 -0.63
ADX 2,534.70 -0.36
DFM 1,438.41 -0.69
QSE 8,422.25 0.05
Capital Market Overview

Market watch: Stock market continues bull-run

The local bourse continued the bull-run on Wednesday with investors focusing on local triggers and ignoring US tensions. more... (ET)

NAVs and Returns
as of September 28, 2011
Funds Offer Redemption
POGSF
10.2071/-
10.2071/-
YTD Return
12.61%
POAIIF
52.3351/-
51.8117/-
YTD Return
12.80%
POAAAF
48.94/-
47.72/-
YTD Return
-5.54%
POIAAF
54.03/-
52.68/-
YTD Return
0.82%
POAF
10.56/-
YTD Return
12.43%
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
32.76
2,817
79.17
4.75
-3.30%
KSE30
6.71
577
45.29
4.31
-3.87%
KMI30
4.95
426
29.24
3.21
12.60%
KSE All
35.68
3,069
87.38
4.81
-3.55%
September 28, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
173.56
113.62
-12.92%
OGDC
14.94
132.00
130.58
-13.72%
UBL
2.00
61.03
43.70
-1.42%
LUCK
1.70
72.56
37.15
2.43%
September 28, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
49.57
-25.78
23.79
Foreign Corporates
631.57
-3,575.38
-2,943.82
Overseas Pakistani
353.01
-446.38
-93.37
Grand Total
1,034.15
-4,047.54
-3,013.39
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
27-Sep-11
28-Sep-11
Change
Gross Buy
546.16
-38.20%
40.47
-2.08%
1.52
1.03
-31.81%
Gross Sell
-556.48
7.92%
-39.96
-23.26%
-1.48
-4.05
172.83%
Net Buy/(Sell)
-10.51
-102.75%
0.57
-105.14%
0.03
-3.01
-9202.51%
S.C.R.A
Country
During the Period FY12TD
27-09-2011
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
-
-
2.18
-
-
-1.10
-
0.08
-0.08
Luxembourg
6.15
-
-
26.26
-
-
-20.11
-
0.64
-0.64
Switzerland
10.83
0.18
-
14.74
-
-
-3.72
-
0.02
-0.02
UAE
1.73
0.52
-
2.39
4.18
-
-4.85
-
-
-
UK
15.86
0.16
-
44.27
-
-
-28.25
-
2.30
-2.30
USA
53.44
-
-
77.45
-
0.28
-24.29
0.43
2.15
-1.72
Total
100.02
0.86
-
176.96
4.18
0.28
-81.07
2.41
5.22
-2.81
News Clippings
Economy

ADB to raise annual project financing by $1bn

The Asian Development Bank (ADB) wants to enhance its funding for infrastructure development projects in Pakistan to $1 billion per year. more... (FD)

FBR surpasses target by Rs 15.4bn in Q1

Despite devastating floods in Sindh, worsening law and order situation in Karachi and the prevailing slowdown in the country, the Federal Board of Revenue (FBR) has managed to surpass the tax collection target of Rs 320 billion more... (DT)

India supports Pakistan’s EU waiver package

India has extended support for Pakistan’s EU waiver package in WTO and is issuing necessary instructions in this regard. more... (D)

‘China should invest in local power projects’

Minister of State and Chairman Board of Investment (BoI) Saleem Mandviwala has suggested Chinese investors invest in the power plants of different cities’ industrial areas with the capacity of 100 to 200 megawatts. more... (DT)

President directs early floatation of infrastructure bonds

President Asif Ali Zardari on Wednesday directed speeding up distribution of share certificates among employees of state-owned enterprises as well as floating infrastructure bonds. more... (BR)

Company & Sector Update

Fertiliser sales up 3.6pc in 8 months

Fertiliser off-take showed a surge of 3.6 per cent in first eight month of calendar year 2011 (8MCY11) to 5.11 million tonne compared to 4.94 million tonne in 8MCY10. more... (FD)

New cargo clearance system starts functioning

The newly-launched auto-clearance cargo system WeBOC at Model Customs Collectorate (MCC) at Port Qasim has successfully handled eight ships during last four days. more... (D)

Exchange companies to report each deal

The State Bank has asked exchange companies to report each and every transaction to State Bank, said a circular issued on Wednesday. more... (D)

Steady trend on cotton market

The cotton market on Tuesday showed a steady trend as prices were quoted further higher by Rs200 to 300 per maund as arrival of phutti remained slow at the ginneries. more... (D)

Monetary pressures: Rupee recovers 100 paisa in a single day

The rupee recovered a 100 paisa against the dollar on Wednesday in the open market to close at 88.50/88 to add to the 90 paisa recovery of Tuesday. more... (ET)

Political

India’s cbank team to visit Pak

A high-level delegation of Reserve Bank of India (RBI) will visit Pakistan in the first half of October to discuss the modalities for opening of bank branches more... (FD)

Top brass to face tough questions at APC

The federal capital hosts the biggest-ever political gathering for many years when leaders of almost all political and religious organisations meet on Thursday more... (D)

Pakistan, Iran join hands on security, border management

The interior ministers of Pakistan and Iran, on Wednesday, vowed to work together for regional peace and stability besides agreeing to cooperate with each on the issues of security and border management. more... (DT)

Section 144 imposed in city after protest demo at US Consulate

Sindh Home department on Wednesday has issued a notification enforcing the Section 144 in Karachi. more... (BR)

Mullen 'stands by every word' of his testimony

Repeating the thrust of his controversial earlier criticism, retiring Joint Chiefs Chairman Adm. Mike Mullen told in an interview on Wednesday more... (N)

 

GCC

Investor interest buoys developer

Dubai Properties Group (DPG) has delivered about 5,000 residential units and in the next year is looking to hand over its units in Business Bay, a top official told Gulf News. more... (Gulf News)

Oman: $30m steel project in Sohar

Takamul Investment Company SAOC, the majority owned downstream investment arm of Oman Oil Company (OOC), plans to establish more... (Zawya)

Damac Properties Damac has no plans to seek capital

Damac Properties does not have any immediate plans to tap the country’s capital markets after coming through the global economics downturn relatively unscathed, more...(Zawya)

Saudi Arabia targets first nuclear plant by 2020

Saudi Arabia plans to complete construction of its first nuclear power plant within nine years although it will take longer to become fully operational more... (Zawya)

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, according to Khalifa Bin Omair, more... (Gulf News)

Quote of the Day:

“Things may come to those who wait, but only things left by those who hustle.” Abraham Lincoln

 
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
27-SEP-11
28-SEP-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
82.53
-4.80%
10.95%
12.30%
135.40
     
27-SEP-11
28-SEP-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,029.59
992.41
-37.18

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.03
13.01
13.07
13.18
Offer
13.53
13.26
13.32
13.68

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
89.10
118.50
1.14
136.55
23.79
1.75
0.55

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
13.13
13.09
13.15
13.09
10 Y-PIB
13.13
13.08
13.15
13.08

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
1.00
2.01
2.00
2.55
4.25
8.34
12.61
13.08
Change bps
0.00
5.00
6.00
1.00
0.00
1.80
0.00
-2.00

Commodities

     
28-SEP-11
29-SEP-11
change
WTI (USD/bbl)    
83.23
81.15
-2.50%
     
Brent (USD/bbl)    
106.47
103.93
-2.93%
     
Arab Light (USD/bbl)    
105.52
101.58
-3.73%

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
46,292.96
46,925.52
-1.35%
Rice IRRI -6(Rs/100kg)
3,600.00
3,551.00
1.38%
KCA Cotton (Rs/mound)
6,400.00
6,300.00
1.59%
International
Current
Previous
Change
Coal Spot(USD/ton)
122.50
122.90
-0.33%
Gold Futures
1,620.50
1,645.40
-1.51%
Sugar 11 (USD/lb)
24.30
24.70
-1.62%
Steel (USD/ton)
727.82
729.25
-0.20%
Wheat (CBT) (USD/bu)
638.75
658.25
-2.96%
PTA (USD/ton)
1,270.00
1,345.00
-5.58%
Copper (USD/ton)
7,230.75
7,578.50
-4.59%

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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.