BasedLine

Date: 04-October-2011
KSE-100 Index
Previous Index 11,761.97
Current Index 11,708.25
Change % -0.46%
YTD (CY11) -2.61%
YTD (FY12) -6.30%
KSE-100 Index
Previous Index 21,313.30
Current Index 21,281.34
Change % -0.15%
YTD (CY11) 13.17%
YTD (FY12) 1.65%
International Indicators
 
Close
%age
BSE-30 16,151.45 -1.84
HANGSENG 16,822.15 -4.38
NIKKEI 225 8,545.48 -1.78
FTSE 5,075.50 -1.03
DJIA 10,655.30 -2.36
SSEC 2,359.22 -0.26
NASDAQ 2,335.83 -3.29
 
Close
%age
TASI 6,024.39 -1.44
KSE(Kuwait) 5,811.90 -0.47
BSE 1,169.67 -0.61
MSM 5,581.46 -0.23
ADX 2,519.02 -0.66
DFM 1,407.58 -1.55
QSE 8,290.83 -0.79
Capital Market Overview

Market watch: Stock market follows global market trend

The Karachi bourse remained under pressure amid thin business on Monday as global markets fell because of worsening European debt crisis. more... (ET)

NAVs and Returns
as of October 03, 2011
Funds Offer Redemption
POGSF
10.2312/-
10.2312/-
YTD Return
13.05%
POAIIF
52.4064-
51.8823/-
YTD Return
12.67%
POAAAF
49.10/-
47.87/-
YTD Return
-5.25%
POIAAF
54.09/-
52.74/-
YTD Return
0.94%
POAF
10.56/-
YTD Return
11.73%
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
33.21
2,856
43.21
2.41
-2.61%
KSE30
6.74
580
27.76
2.18
-3.40%
KMI30
4.97
428
16.51
1.42
13.17%
KSE All
35.94
3,091
55.95
2.53
-2.81%
October 03 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
173.16
113.71
-13.12%
OGDC
14.94
133.44
130.68
-12.78%
UBL
2.00
60.41
43.74
-2.42%
LUCK
1.70
74.98
37.17
5.84%
October 03 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
34.00
-19.65
-14.35
Foreign Corporates
332.06
-939.89
-607.83
Overseas Pakistani
306.60
-284.17
22.43
Grand Total
672.66
-1,243.70
-571.04
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
30-Sep-11
03-Oct-11
Change
Gross Buy
551.03
-38.14%
0.66
-98.52%
3.37
0.67
80.03%
Gross Sell
-567.24
8.96%
-1.22
-97.83%
-5.38
-1.24
-76.88%
Net Buy/(Sell)
-16.47
-104.28%
-0.56
-95.13%
-2.01
-0.57
-71.60%
S.C.R.A
Country
During the Period FY12TD
30-09-2011
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
-
-
3.16
-
-
-2.08
-
0.56
-0.56
Luxembourg
6.56
-
-
26.89
-
-
-20.33
-
0.06
-0.06
Switzerland
10.83
0.18
-
15.02
-
-
-4.01
-
0.07
-0.07
UAE
1.73
0.52
-
2.39
4.18
-
-4.85
-
-
-
UK
16.18
0.16
-
44.90
-
-
-28.56
0.13
0.33
-0.20
USA
54.87
-
-
81.15
-
0.28
-26.56
0.67
0.51
0.16
Total
102.61
0.86
-
183.35
4.18
0.28
-84.87
0.82
1.55
-0.73
News Clippings
Economy

Circular debt issue to be resolved by good corporate governance: Hafeez

Federal Minister for Finance and Economic Affairs Dr Abdul Hafeez Shaikh has reiterated the government's resolve to end the circular debt issue by good corporate governance, more... (BR)

PM orders immediate payment of Rs11bn to PSO

With electricity loadshedding snowballing into mass protests across the country, particularly in Punjab, more... (D)

Pakistan Steel considering mortgage financing as last option

As a last option, Pakistan Steel Mills (PS) is considering acquiring mortgage financing by pledging a huge area of land measuring 16,000 acres more... (ET)

Gas suspension to increase urea shortage

A huge urea shortage will happen in the next couple of months if the government does not provide gas to fertiliser companies. more... (BR)

Company & Sector Update

India to support Pakistan at WTO: Faheem

ISLAMABAD: Federal Minister for Trade Makhdoom Ameen Faheem on Monday said that India will support Pakistan at World Trade Organisation (WTO). more... (BR)

Textile retires Rs30bn debt in July-Aug

Textile, the backbone of country`s economy, has made net retirement of Rs30 billion banking debt in just two months of the current fiscal year. more... (D)

SECP issues fertilizer industry cost accounting records order

The Securities and Exchange Commission of Pakistan has developed and issued notification for draft of Fertilizer Industry (Cost Accounting Records) Order, 2011, more... (DT)

Oil marketing companies: Profit margins up 10%

Oil marketing companies are one of the few who made gains from the recent increase in petroleum product prices. more... (ET)

 

Political

Angry protesters turn violent against power outages in Lahore

Angry protesters took out a rally which turned violent in Lahore over unscheduled power outages in the country. more... (BR)

PML-N going for all-out confrontation

Pakistan Muslim League-N chief Nawaz Sharif upped the ante in the policy of confronting the PPP-led government head-on that he now appears to be pursuing when he called upon his party workers on Monday to join the agitation against power outages and to mobilise the street in order to highlight corruption and the government’s “failure to resolve the energy crisis”. more... (D)

Indian PM accepts invitation to visit Pakistan, says Fahim

Commerce Minister Amin Fahim formally invited on Monday Indian Prime Minister Dr Manmohan Singh to visit Pakistan, reviving hopes that the two countries would fully exploit the potential of economic and business ties. more... (D)

China treads carefully amid US-Pakistan rift

Pakistan, facing a crisis with the United States, has leaned closely to longtime partner China, offering its “all-weather friendship” with Beijing as an alternative to Washington. more... (ET)

 

GCC

Dubai oilfield to start production this year

The new oilfield, named after the daughter of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, more... (Gulf News)

Rate of GCC oil output encourages continuing industry investment

Oil production in the GCC is in good condition despite the global economic crisis, more... (Gulf News)

UAE banks have enough liquidity to support growth

The UAE's banks are sufficiently liquid to support the country's economic growth and the problems in Europe more...(Gulf News)

Qatar Holding to create standalone investment vehicle

Qatar Holding, an arm of the gulf state's sovereign wealth fund, is planning to create a standalone investment vehicle to buy stakes in, or take over, gold companies. more... (Zawya)

Wiped off: $41b in GCC's market cap disappears in Q3

From $720.93 billion on June 30, 2011 (end of Q2, 2011), the combined market cap of the seven Gulf bourses declined 5.66 per cent to $680.08 billion on September 29 more... (Zawya)

Quote of the Day:

“Troubles are often the tools by which God fashions us for better things.” Henry Ward Beecher

 
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
30-SEP-11
03-Oct-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
80.22
0.28%
12.60%
13.10%
-7.50
     
30-SEP-11
03-Oct-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,027.49
1,149.13
49.25

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.87
12.86
12.87
12.94
Offer
13.37
13.11
13.12
13.44

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.40
13.35
13.00
13.10
13.05
13.00
Low  
13.40
13.25
12.80
12.90
12.70
12.55

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
88.30
116.44
1.13
135.71
23.80
1.75
0.56

T Bill Rates (%)
3 month
6 month
12 month
Avg.
12.75
12.70
12.75
Last Cut Off.
13.07
13.23
13.31
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.90
12.60
12.90
12.60
10 Y-PIB
12.65
12.60
12.80
12.60

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
1.00
1.82
1.76
2.35
1.02
8.54
0.0
12.60
Change bps
-3.00
-7.00
-14.00
-8.00
-310.00
9.50
0.00
-10.00

Commodities

     
03-OCT-11
04-OCT-11
change
WTI (USD/bbl)    
77.96
76.36
-2.05%
     
Brent (USD/bbl)    
101.74
100.70
-1.02%
     
Arab Light (USD/bbl)    
100.28
97.74
-2.53%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
94.15
92.64
1.63%
Furnace Oil (Rs/ton)
70,574.72
71,663.64
-1.52%
Cement (Rs. Bag Avg)
414.75
414.50
0.06%
Urea Fertilizer (Rs/bag)
1,595.42
1,602.50
-0.44%
Gold 24cr (Rs./10gm) Khi
47,828.00
47,485.00
0.72%
Rice IRRI -6(Rs/100kg)
3,619.00
3,623.00
-0.11%
KCA Cotton (Rs/mound)
6,100.00
6,400.00
-4.69%
International
Current
Previous
Change
Coal Spot(USD/ton)
122.25
122.55
-0.24%
Gold Futures
1,669.00
1,632.50
2.24%
Sugar 11 (USD/lb)
24.85
25.29
-1.74%
Steel (USD/ton)
725.22
727.10
-0.26%
Wheat (CBT) (USD/bu)
619.50
609.25
1.68%
PTA (USD/ton)
1,215.00
1,340.00
-9.33%
Copper (USD/ton)
6,968.00
6,998.00
-0.42%

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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.