BasedLine

Date: 03-October-2011
KSE-100 Index
Previous Index 11,642.46
Current Index 11,761.97
Change % 1.03%
YTD (CY11) -2.17%
YTD (FY12) -5.87%
KSE-100 Index
Previous Index 21,148.29
Current Index 21,313.30
Change % 0.78%
YTD (CY11) 13.34%
YTD (FY12) 1.80%
International Indicators
 
Close
%age
BSE-30 16,453.76 -1.46
HANGSENG 17,592.41 -2.32
NIKKEI 225 8,700.29 -0.01
FTSE 5,128.48 -1.32
DJIA 10,913.38 -2.16
SSEC 2,359.22 -0.26
NASDAQ 2,415.40 -2.63
 
Close
%age
TASI 6,112.41 -0.07
KSE(Kuwait) 5,839.20 0.10
BSE 1,176.89 0.96
MSM 5,594.23 -0.14
ADX 2,535.84 0.10
DFM 1,429.73 -0.14
QSE 8,356.77 -0.44
Capital Market Overview

Weekly review: KSE gains despite Pak-US tensions

Investors chose to put aside concerns surrounding deteriorating ties between Pakistan and the United States as the stock market continued to make solid gains. The benchmark KSE-100 index rose 1.3 per cent (156 points) during the week ended September 30. more... (ET)

NAVs and Returns
as of September 30, 2011
Funds Offer Redemption
POGSF
10.2166/-
10.2166/-
YTD Return
12.79%
POAIIF
52.3643-
51.8407/-
YTD Return
12.75%
POAAAF
49.11/-
47.88/-
YTD Return
-5.23%
POIAAF
54.15/-
52.80/-
YTD Return
1.05%
POAF
10.57/-
YTD Return
12.53%
Funds Rating
AMC
AM3
POAIIF
A+ (f)
POAF
AA-
POAAAF
5 Star
POIAAF
3 Star
  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
33.13
2,849
83.50
4.59
-2.17%
KSE30
6.76
581
58.24
4.24
-3.17%
KMI30
4.98
428
41.24
3.11
13.34%
KSE All
36.09
3,104
96.87
4.73
-2.39%
September 30, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
173.27
113.66
-13.06%
OGDC
14.94
132.14
130.62
-13.63%
UBL
2.00
60.14
43.72
-2.86%
LUCK
1.70
75.52
37.16
6.61%
September 30, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
38.91
-61.18
-22.27
Foreign Corporates
2,237.98
-5,021.52
-2,783.54
Overseas Pakistani
1,092.19
-297.39
794.79
Grand Total
3,369.07
-5,380.09
-2,011.02
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
29-Sep-11
30-Sep-11
Change
Gross Buy
550.37
-37.94%
44.67
0.25%
0.94
3.37
260.07%
Gross Sell
-566.02
9.09%
-49.51
-11.43%
-4.38
-5.38
22.73%
Net Buy/(Sell)
-15.90
-104.16%
-4.83
-58.33%
-3.45
-2.01
-41.67%
S.C.R.A
Country
During the Period FY12TD
28-09-2011
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
-
-
2.60
-
-
-1.52
-
0.28
-0.28
Luxembourg
6.56
-
-
26.83
-
-
-20.27
0.41
0.57
-0.16
Switzerland
10.83
0.18
-
14.96
-
-
-3.94
-
0.03
-0.03
UAE
1.73
0.52
-
2.39
4.18
-
-4.85
-
-
-
UK
16.05
0.16
-
44.57
-
-
-28.36
0.19
0.19
-0.00
USA
54.20
-
-
80.64
-
0.28
-26.71
0.17
1.47
-1.30
Total
101.78
0.86
-
181.80
4.18
0.28
-84.15
0.96
2.54
-1.58
News Clippings
Economy

Wattoo unveils Rs8.3bn AJK Council budget

Minister for Kashmir and Gilgit-Baltistan Affairs Mian Manzoor Wattoo presented on Saturday AJK Council’s budget estimates of Rs8.352 billion for 2011-12 more... (D)

Increase in bank deposits

September 23, deposits and other accounts of the scheduled banks increased in the current week and stood at Rs5393.6bn, more... (D)

Govt offers more Thar coal fields to exploration

The Sindh Government plans to offer more blocks this month for exploration of coal in Thar coal field to meet the demand of the investors from various countries. more... (BR)

Revenue generation: Govt formally decides to tax Gilgit-Baltistan

Gilgit-Baltistan (G-B) government will generate nearly Rs10 billion from taxes on the corporate sector, registered firms,more... (ET)

Revenue generation: Existing income tax laws need simplification

The Pakistan Economy Watch (PEW) on Sunday said that existing income tax laws have failed to deliver therefore the country needs new and simple income tax law more... (ET)

Pakistan Sept. CPI up 10.46 pct yr/yr

Pakistan's consumer price index (CPI), a key indicator of inflation, rose 10.46 percent in September from a year ago, the Federal Bureau of Statistics said on Monday more... (CNBC)

Company & Sector Update

POL price hike to hit industry, trade: LCCI

The Lahore Chamber of Commerce andIndustry (LCCI) on Saturday criticised the increase in petroleumproducts which it said, would affect trade and industry and raise the inflation more... (BR)

Utility Store expand around Rs.60bn in 2010-11

Advisor to Prime Minister on Industries Muhammad Basharat Raja on Sunday declared that Utility Store has expanded its services to overall sales around Rs.60 billion in the fiscal year 2010-2011. more... (BR)

National Savings decreases profit rate on new investment

National Savings has decreased the profit rate on new investment starting from October 1, Geo News reported. more... (ET)

Shell refinery fire in Singapore to affect Asian supply

A fire that disrupted production in Shell's largest refinery will affect regional supplies of gasoline and other products in the short term, analysts said Friday. more... (N)

Containing Trade Deficit

The probability of signing another standby arrangement with the International Monetary Fund (IMF) in the near future more... (FD)

Govt urged to restore wool testing facility

The Pakistan Wool and Hair Exporters Association has urged the government to restore testing facility of agriculture and livestock products marketing department more... (D)

Political

Foreign office rejects Afghan minister's allegations

Pakistan on Sunday strongly rejected the allegations by Afghanistan linking Inter-Services Intelligence (ISI) with peace envoy Burhanuddin Rabbani's assassination. more... (BR)

US should tone down verbal assaults: Zardari

President Asif Ali Zardari called for "serious dialogue" with the United States on Sunday, amid a fierce dispute over US claims that his intelligence agency has links to militants. more... (BR)

Police fiasco at Kati Pahari

Gangs of gunmen armed to the teeth abetted by a hopping-mad mob hemmed in the security personnel conducting a search/arrest operation in the Kati Pahari area of Orangi Town more... (N)

Korea keen to help Pakistan towards bright future

Consul General (CG) of the Republic of Korea at Karachi, In Ki Lee last Saturday hosted a cake cutting ceremony to commemorate National Foundation Day of Korea, more... (DT)

Making it explicit: We will talk to the Haqqani network, says PM

It had only been hinted at in the resolution adopted by the all parties conference (APC) on Thursday, but Prime Minister Yousaf Raza Gilani on Sunday confirmed that his administration is ready to start talks with all factions of the Taliban, including the Haqqani network. more... (ET)

 

GCC

Economist sees opportunities for Arabs in US and Europe financial dilemma

A veteran economist expected the Arab region to be key player in a solution to redress the widening public debts and budget deficits in the US and Europe. more... (Zawya)

UAE deposit-loan gap falls at fastest pace in 7 months

The gap between deposits held by UAE banks in August and loans shrank at its fastest pace since February despite a sharp fall in deposits last month, more... (Zawya)

Dh1.4bn mega property deal struck in Ajman

A major property deal - over a billion dirhams - has been struck in Ajman, according to a statement posted on the Plus Stock Exchange in London by one of the parties involved. more...(Zawya)

IMF chief set to attend GCC finance summit this month

GCC finance ministry undersecretaries yesterday discussed 20 items on the agendas of the 91st GCC Financial and Economic Committee meetings, more... (Gulf News)

Unrest hits UAE trade with Arab nations

The Arab Spring has slowed the UAE's trade with the five countries affected by the unrest. more... (Gulf News)

Uprisings cost region Dh24.5b

The Arab uprisings have inflicted heavy losses on Arab countries estimated at Dh24.5 billion ($7 billion), more... (Gulf News)

Quote of the Day:

“We are built to conquer environment, solve problems, achieve goals, and we find no real satisfaction or happiness in life without obstacles to conquer and goals to achieve.” Maxwell Maltz

 
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 30, 2011)
$17.38 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 23, 2011)
Rs757.26bn
Inflation
CPI Gen. - YoY (Sep-11) 10.46%
   
CPI Gen. - FY11 (Jul 11- Aug 11) 12.00%
   
NFNE Core INFL - YoY (Aug 11) 10.10%
   
NFNE Core INFL -FY11 (Jul 11 - Aug 11) 9.80%

Money Market

 
Price
Change
29-SEP-11
30-SEP-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
79.99
-2.02%
12.60%
13.17%
56.80
     
29-SEP-11
30-SEP-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,027.49
1,099.88
72.39

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.94
12.92
12.95
13.03
Offer
13.44
13.17
13.20
13.53

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
87.35
118.91
1.14
136.48
23.78
1.75
0.56

T Bill Rates (%)
3 month
6 month
12 month
Avg.
12.90
12.90
12.85
Last Cut Off.
13.07
13.23
13.31
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.90
12.80
13.06
12.80
10 Y-PIB
12.80
12.70
13.05
12.70

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
1.03
1.89
1.90
2.43
4.12
8.44
0.0
12.70
Change bps
2.00
-12.00
-8.00
-10.00
-12.00
0.00
0.00
-30.00

Commodities

     
30-SEP-11
03-OCT-11
change
WTI (USD/bbl)    
82.42
77.96
-5.41%
     
Brent (USD/bbl)    
104.18
101.74
-2.34%
     
Arab Light (USD/bbl)    
103.17
100.28
-2.80%

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)
1,595.42
1,602.50
-0.44%
Gold 24cr (Rs./10gm) Khi
46,466.10
46,292.96
0.37%
Rice IRRI -6(Rs/100kg)
3,623.00
3,599.00
0.67%
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
1,632.50
1,628.30
0.26%
Sugar 11 (USD/lb)
25.29
25.87
-2.24%
Steel (USD/ton)
725.22
727.10
-0.26%
Wheat (CBT) (USD/bu)
609.25
654.25
-6.88%
PTA (USD/ton)
1,270.00
1,345.00
-5.58%
Copper (USD/ton)
6,998.00
7,210.25
-2.94%

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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.