BasedLine

Date: 06-October-2011
KSE-100 Index
Previous Index 11,933.28
Current Index 11,868.17
Change % -0.55%
YTD (CY11) -1.28%
YTD (FY12) -5.02%
KSE-100 Index
Previous Index 21,767.79
Current Index 21,719.14
Change % -0.22%
YTD (CY11) 15.50%
YTD (FY12) 3.74%
International Indicators
 
Close
%age
BSE-30 15,792.40 -0.46
HANGSENG 16,975.00 4.46
NIKKEI 225 8,382.98 -0.86
FTSE 5,102.17 3.19
DJIA 10,940.00 1.21
SSEC 2,368.40 0.39
NASDAQ 2,460.51 2.32
 
Close
%age
TASI 6,002.09 0.62
KSE(Kuwait) 5,819.60 0.26
BSE 1,165.63 -0.12
MSM 5,542.13 -0.26
ADX 2,488.43 -0.34
DFM 1,385.08 -0.16
QSE 8,155.71 -0.02
Capital Market Overview

Market watch: Bourse falls as investors book profits

The stock market’s rally ended on Wednesday as investors opted to book profits with stock prices standing at inflated levels.The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.55 per cent or 65.11 points to end at 11,868.17 points. more... (ET)

NAVs and Returns
as of October 05, 2011
Funds Offer Redemption
POGSF
10.2420/-
10.2420/-
YTD Return
13.28%
POAIIF
52.4341/-
51.9098/-
YTD Return
12.62%
POAAAF
49.44/-
48.20/-
YTD Return
-4.59%
POIAAF
54.51/-
53.15/-
YTD Return
1.72%
POAF
11.73/-
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
33.70
2,898
65.35
3.92
-1.28%
KSE30
6.86
590
46.48
3.62
-1.71%
KMI30
5.08
437
31.15
2.59
15.50%
KSE All
36.42
3,132
82.64
4.03
-1.57%
October 05 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
173.20
113.71
-13.10%
OGDC
14.94
136.71
130.68
-10.64%
UBL
2.00
59.60
43.74
-3.73%
LUCK
1.70
75.13
37.17
6.06%
October 05 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
79.98
-93.10
-13.11
Foreign Corporates
2,622.56
-3,198.70
-576.14
Overseas Pakistani
340.45
-361.82
-21.37
Grand Total
3,042.99
-3,653.62
-610.62
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
04-Oct-11
05-Oct-11
Change
Gross Buy
559.81
-38.34%
9.44
86.05%
5.94
3.04
-48.81%
Gross Sell
-574.80
9.89%
-8.77
80.92%
-4.08
-3.65
-10.48%
Net Buy/(Sell)
-15.23
-103.81%
0.67
193.41%
1.86
-0.61
-132.78%
S.C.R.A
Country
During the Period FY12TD
04-10-2011
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
1.17
-
-
3.16
-
-
-1.98
0.10
-
0.10
Luxembourg
6.87
-
-
27.64
-
-
-20.77
0.32
0.75
-0.44
Switzerland
10.83
0.18
-
15.13
-
-
-4.11
-
0.05
-0.05
UAE
1.73
0.52
-
2.39
4.18
-
-4.85
-
-
-
UK
16.28
0.16
-
46.60
-
-
-30.15
0.00
1.60
-1.59
USA
55.07
-
-
91.66
-
0.85
-37.44
0.20
3.07
-2.87
Total
104.64
0.86
-
196.48
4.18
0.85
-96.53
1.64
5.50
-3.86
News Clippings
Economy

Poverty rate: Three years on, govt decides to redraw the line

As pressure mounts on the government to spill out the number of people living below the poverty line, it has finally agreed to bring a three-year drought to an end. more... (ET)

Tax collection target: FBR gets the job done one way or another

Tax authorities have surpassed the quarterly target with the help of excessive indirect taxation but experts have questioned the mismatch in the growth rates of sales tax at import stage and customs duties. more... (ET)

Govt borrows Rs247bn from banks in Q1

The first quarter of the current fiscal ended with rampant government borrowing from the banking system, which was totally unmatched with the borrowing it made during the same quarter of the pervious year. more... (D)

July-Sept revenue collection up 27pc

The Federal Board of Revenue on Tuesday claimed that revenue collection registered a growth of 27.4 per cent in the first quarter of this fiscal year. more... (D)

Company & Sector Update

Tough love: ‘No money until power companies improve efficiency’

Slowly but surely, the finance ministry seems to be getting its way: after saying for months that they would not release any money to the power sector until it undertakes governance reforms, officials at Q block have managed to persuade the special cabinet committee on the energy crisis approve the ‘tough love’ stance as well. more... (ET)

Power crisis: Finance ministry releases funds for PSO

The finance ministry released Rs11 billion to the petroleum ministry for onward payment to Pakistan State Oil (PSO) for the resumption of full supply of fuel to the thermal power plants, Express 24/7 reported on Wednesday. more... (ET)

Cotton: Forum urges price to be fixed at Rs3,500 per maund

Pakistan Agri Forum (PAF) on Wednesday demanded cotton price to be fixed at Rs3,500 per maund on the back of drop in global prices to facilitate growers in the country. more... (ET)

Apple co-founder Steve Jobs dead at 56

Apple Inc co-founder and former CEO Steve Jobs, counted among the greatest American CEOs of his generation, died on Wednesday at the age of 56, after a years-long and highly public battle with cancer and other health issues .more... (ET)

Political

MQM back in govt

For the umpteenth time, the Muttahida Qaumi Movement has rejoined the federal and provincial governments and decided to help the Pakistan People’s Party solve the many problems that ail the country. more... (D)

Temporary: IMF offices closed on security concerns

The offices of the International Monetary Fund (IMF), situated at Q-Block, have been closed for security reasons and the staff has been asked to work from their homes for a week, a finance ministry official said. more... (ET)

PPP, PML-Q to contest next elections together: Shujaat

Threats by the Pakistan Muslim League-Q to quit the ruling coalition turned out to be just a storm in a teacup when two main leaders of the party met President Asif Ali Zardari on Wednesday and assured him of their support for the PPP-led coalition. more... (D)

US on Pakistan: Good cop, bad cop or confused cop

There are two ways to explain why the Obama administration is distancing itself from harsh criticism of Pakistan by America's top military officer — that the US is playing ”good cop/bad cop,” or that policymaking toward a key ally is in disarray. more... (D)

 

GCC

Bahrain investment park will feature 43 projects

Around five billion dinars (Dh48.56 billion) will be invested over the next few years at the Bahrain International Investment ParkBahrain International Investment ParkBahrain International Investment Park
BIIP in the Hidd area on Muharraq Island, the industry and commerce minister has said. more... (Zawya)

Will the UAE banking sector witness job cuts again?

Firings are picking up pace at banks across the world, with industry professionals saying more rounds are set to come. The big question for those in the UAE is whether the banking sector here will be a part of this round of job cuts - a phenomenon that seems wide spread everywhere else? Headhunters and recruitment experts in the country believe that even though the regional banks may not be totally immune to global happenings but any major culling does not seem in sight. more.. .(Zawya)

Oil prices could be hit by fresh global crisis

Oil prices have remained firm and stable because of the relatively strong demand in emerging economies and commitment by Gulf producers to balance the market but prices could tumble if the current western financial crisis spreads worldwide, a well known Arab energy analyst has said. more... (Zawya)

Etihad third-quarter revenue up 39%

Etihad Airways said yesterday its revenue for the third quarter of the year grew 39 per cent to $1.1 billion (Dh4 billion) compared to $785 million in the same period in 2010. more... (Zawya)

Quote of the Day:

“ Keeping taxes low and restraining spending leads to a vibrant economy; it leads to new jobs; it leads to better opportunities; and it leads to a shrinking deficit.” George Bush

 
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- Sep 11) 11.47%
   
NFNE Core INFL - YoY (Sep 11) 10.60%
   
NFNE Core INFL -FY11 (Jul 11 - Sep 11) 10.10%

Money Market

 
Price
Change
04-Oct-11
05-Oct-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
80.223
0.58%
13.26%
13.11%
-14.80
     
04-Oct-11
05-Oct-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,217.75
1,219.84
2.10

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.78
12.76
12.77
12.85
Offer
13.28
13.01
13.02
13.35

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.40
13.40
13.00
13.10
13.00
13.00
Low  
13.40
13.30
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
117.81
1.65
136.47
24.25
1.76
0.57

T Bill Rates (%)
3 month
6 month
12 month
Avg.
12.75
12.75
12.75
Last Cut Off.
12.75
12.78
12.84
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.90
12.60
12.90
12.60
10 Y-PIB
12.70
12.65
12.65
12.65

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
0.98
1.84
1.87
2.36
4.07
8.58
0.00
12.65
Change bps
-1.00
11.00
5.00
11.00
2.00
0.70
0.00
5.00

Commodities

     
05-OCT-11
06-OCT-11
change
WTI (USD/bbl)    
77.85
79.52
2.15%
     
Brent (USD/bbl)    
99.02
102.38
3.39%
     
Arab Light (USD/bbl)    
99.12
101.51
2.41%

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
47,355.79
46,708.67
1.39%
Rice IRRI -6(Rs/100kg)
3,566.00
3,617.00
-1.41%
KCA Cotton (Rs/mound)
6,000.00
6,100.00
-1.64%
International
Current
Previous
Change
Coal Spot(USD/ton)
122.25
122.50
-0.20%
Gold Futures
1,646.50
1,630.70
0.97%
Sugar 11 (USD/lb)
24.80
24.69
0.45%
Steel (USD/ton)
725.22
727.10
-0.26%
Wheat (CBT) (USD/bu)
625.25
604.00
3.52%
PTA (USD/ton)
1,215.00
1,270.00
-4.33%
Copper (USD/ton)
6,800.75
6,779.25
0.32%

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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.