BasedLine

Date: 01-June-2012
KSE-100 Index
Previous Index 13,871.75
Current Index 13,786.62
Change % -0.61%
YTD (CY12) 21.49%
YTD (FY12) 10.33%
KSE-100 Index
Previous Index 24,093.60
Current Index 23,976.43
Change % -0.49%
YTD (CY12) 19.06%
YTD (FY12) 14.52%
International Indicators
 
Close
%age
BSE-30 16,218.53 -0.57
HANGSENG 18,629.52 -0.32
NIKKEI 225 8,542.73 -1.05
FTSE 5,320.86 0.45
DJIA 12,393.45 -0.21
SSEC 2,382.29 0.42
NASDAQ 2,827.45 -0.35
 
Close
%age
TASI 6,975.27 -0.82
KSE(Kuwait) 6,193.82 -0.76
BSE 1,139.58 0.22
MSM 5,754.69 -0.55
ADX 2,441.03 -0.36
DFM 1,471.49 0.06
QSE 8,416.83 -0.66
Capital Market Overview

Market watch: Stocks down on macroeconomic concerns, gas cess

The Karachi stock market closed on Wednesday deep in the red, as rumours regarding the rejection of an increase in the Gas Infrastructure Development Cess proved unfounded.The Karachi Stock Exchange’s (KSE) benchmark 100-share index plunged 1.42% or 200.10 points to end at the 13,871.75 points level. more... (ET)

NAVs and Returns
as of May 31, 2012
Funds Offer Redemption
POGSF
10.1506/-
10.1506/-
YTD Return
10.55%
POAIIF
52.2937/-
51.7708/-
YTD Return
11.11%
POAAAF
52.11/-
50.81/-
YTD Return
0.57%
POIAAF
60.57/-
59.06/-
YTD Return
13.03%
POAF
11.29/-
YTD Return
10.30%
Funds Rating
AMC
AM3
POAIIF
A+ (f)
POAF
AA-
POAAAF
3 Star
POIAAF
5 Star
  Apr-12 Mar-12
MoM (%)
AUM's (PKR bn) 384.32 330.78 16.18
No of AMCs 24 24 -
No of Funds 124 124 -
KSE Market Data
KSE Market Data
Capitalization
Volume
Traded Val.
KSE Return
 
(USD bn)
(Rs. bn)
(Sh. mn)
(Rs.bn)
(YTD)
KSE100
37.66
3,239
92.24
5.42
21.49%
KSE30
7.34
631
56.60
4.61
17.41%
KMI30
5.19
446
39.24
3.19
19.06%
KSE All
40.81
3,510
124.76
5.66
23.64%
May 31 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
167.63
120.84
-15.89%
OGDC
17.50
158.09
162.66
3.33%
UBL
1.80
75.32
41.83
21.66%
LUCK
1.70
126.38
39.50
78.40%
May 31, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
16.95
-9.14
7.81
Foreign Corporates
5,257.56
-9,110.29
3,852.73
Overseas Pakistani
403.50
-328.90
74.61
Grand Total
5,678.01
-9,448.99
3,770.32
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
30-May-12
31-May-12
Change
Gross Buy
448.17
191.58%
153.70
56.87%
4.82
5.68
17.73%
Gross Sell
-369.30
224.25%
-113.90
51.02%
-1.75
-9.45
438.93%
Net Buy/(Sell)
77.12
98.13%
38.92
76.41%
3.07
-3.77
-222.82%
S.C.R.A
Country
During the Period FY12TD
29-05-2012
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
14.12
-
-
17.33
-
-
-3.21
-
0.13
-0.13
Luxembourg
49.13
-
-
33.00
-
-
-22.31
0.17
0.02
0.16
Switzerland
42.83
1.00
-
40.98
1.27
-
1.58
-
-
-
UAE
7.57
0.52
-
4.78
4.46
-
-1.68
-
-
-
UK
98.68
18.13
-
168.45
0.29
3.47
-55.47
0.98
1.54
-0.56
USA
180.54
-
-
303.40
-
19.06
-141.91
0.05
3.63
-3.59
Total
491.87
22.33
-
663.01
8.71
29.22
-187.31
2.99
5.35
-2.36
News Clippings
Economy

Borrowing: Public debt rises by Rs1.3 trillion

The country’s public debt has risen 12.3% (Rs1.3 trillion) in just nine months of the outgoing fiscal year compared to the corresponding period of last year, indicating fiscal strain. more... (ET)

Tax exemptions cost Rs185 billion this year

In a sign of lost revenues, the cost of tax exemptions, largely given to the influential people of the country, has risen to Rs185.5 billion this financial year, which is higher than the amount the government expects to receive in foreign loans next year for financing development projects. more... (ET)

Pakistan has 'adequate reserves' to make IMF repayments: SBP Governor

Pakistan has "adeqaute reserves" to make repayments to the International Monetary Fund (IMF), State Bank Governor Yaseen Anwar said on Thursday. "We face no risk in not being able to make next year's IMF payments from our adequate reserves," he said in a letter published the Wall Street Journal. more... (BR)

Borrowing: Public debt rises by Rs1.3 trillion

The country’s public debt has risen 12.3% (Rs1.3 trillion) in just nine months of the outgoing fiscal year compared to the corresponding period of last year, indicating fiscal strain. more... (ET)

Company & Sector Update

Budget: Govt hopes to fetch revenues of Rs300b from oil, gas industry

The government is expected to fetch revenues of Rs300 billion, excluding general sales tax, from oil and gas companies in the next financial year 2012-13. more.. (ET)

Manufacturing sector grows 3.56 percent

The manufacturing sector posted a growth rate of 3.56 percent during the current fiscal year July to March 2011-12 as compared to 2.96 percent during the same period last year, revealed the Economic Survey of Pakistan on Thursday. more... (DT)

Pakistan Petroleum wins gas block 8 in Iraq

Pakistan Petroleum won a bid for gas block 8 on the second day of Iraq's energy auctions, the oil ministry said on Thursday. more... (BR)

Cement production increased to 44mn tonnes in 2011-12: Hafeez

Minister for Finance Dr Hafeez Shaikh on Thursday said that cement production capacity in the country increased to 44 million tonnes in 2011-12 from 30 million tonnes in 2006-07 due to the establishment of new cement plants. more... (BR)

Political

Creation of new provinces

President Asif Ali Zardari on Thursday sent a reference to the National Assembly speaker, calling for formation of a commission to look into issues relating to creation of two new provinces – Multan and Bahawalpur – in Punjab. more... (DT)

‘Mohajir province is a plot to exact revenge on PPP’

“The issue of a Mohajir province has been raised just to take revenge from the Pakistan Peoples Party for its bold stand to create a Seraiki province,” stated President Asif Ali Zardari at Bilawal House on Thursday. more... (ET)

Social Safety Nets: Govt holds out on poverty census

Despite claims of providing relief to the poor through different measures, the government appeared to avoid providing poverty figures in the Pakistan Economic Survey 2011-12. more... (ET)

Boosting ties: Pakistan, EU to launch ‘strategic dialogue’ in coming week

Pakistan and the European Union (EU) are set to launch a ‘strategic dialogue’ next week in an effort to facilitate closer links with the European Union. more... (ET)

GCC

Kuwait April inflation at 4-month low, food cheaper

Kuwait's annual inflation eased to a four-month low of 3.3 percent in April and prices fell on a monthly basis for the first time in more than a year due to a drop in food prices, Kuwait News Agency (KUNA) data showed on Thursday. more... (Zawya)

Handovers help Nakheel to profit

Handing over properties helped the Dubai developer Nakheel to post a profit in the first quarter, reversing losses suffered in the same period last year. Nakheel posted a net profit of Dh362 million (US$98.5m) in the first quarter of the year compared with a Dh36m loss a year earlier, it said yesterday. more... (Gulf Base)

Gulf markets mark heavy May losses

Gulf bourses fell yesterday, ensuring their worst monthly performance in over a year, as fears grew that Spanish banks may soon seek a bailout and concerns lingered over a disorderly Greek exit from the eurozone. more. (Gulf Base)

Infrastructure: Question mark over who pays for projects

A swift glance across the low-rise landscape of Riyadh reveals what project finance bankers across the region like to see: cranes. more... (Zawya)

Quote of the Day:

"Business, more than any other occupation, is a continual dealing with the future; it is a continual calculation, an instinctive exercise in foresight. " Henry R. Luce




 
Economic Highlights
Economic Indicators
GDP Growth FY12E
3.60%
GDP -2011
$180 bn
Per Capita Income FY11
$1,254
Population
178.09mn
US$ Reserves (May 11, 2012)
$16.41 bn
Trade Balance ( July-Apr 12)
$-17.65bn
Curr. A/C (July 11-Apr 12)
$-3.39bn
Remittances (July 11- Apr 12)
$10.88bn
Foreign Investment (Jul 11-Apr 12)
$563mn
All Sch. Banks Deposit Base (May 18, 2012)
Rs810.63bn
Inflation
CPI Gen. - YoY (Apr-12) 11.3%
   
CPI Gen. - FY12 (Jul 11- Apr 12) 10.8%
   
NFNE Core INFL - YoY (Apr 12) 10.8%
   
NFNE Core INFL -FY12(Jul 11 - Apr 12) 10.4%

Money Market

 
Price
Change
30-May-12
30-May-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.23
0.35%
11.68%
11.57%
11.40
     
30-May-12
30-May-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
965.54
957.33
8.31

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.54
11.69
11.76
11.87
Offer
12.04
11.94
12.01
12.37

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.75
11.65
11.70
11.80
11.90
12.00
Low  
11.25
11.55
11.60
11.70
11.75
11.80

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
94.55
118.00
1.19
146.80
25.90
0.97
0.74

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.84
11.90
11.95
Last Cut Off.
11.87
11.94
11.95
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
13.04
13.01
13.01
13.05
10 Y-PIB
13.32
13.28
13.26
13.32

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.85
1.36
1.72
1.78
3.08
8.52
13.28
Change bps
-1.00
0.00
-3.00
2.00
-6.00
0.60
2.00

Commodities

     
30-May-12
31-May-12
change
WTI (USD/bbl)    
87.57
86.21
-1.55%
     
Brent (USD/bbl)    
103.17
101.72
-1.41%
     
Arab Light (USD/bbl)    
102.68
102.22
-0.45%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
107.00
108.16
-1.07%
Furnace Oil (Rs/ton)
79,333.56
81,941.24
-3.18%
Cement (Rs. Bag Avg)
441.75
440.50
0.28%
Urea Fertilizer (Rs/bag)
1,693.33
1,730.83
-2.17%
Gold 24cr (Rs./10gm) Khi
47,485.00
47,614.0
-0.27%
Rice IRRI -6(Rs/100kg)
3,395.00
3,398.00
-0.09%
KCA Cotton (Rs/mound)
5,700.00
5,800.00
-1.72%
International
Current
Previous
Change
Coal Spot(USD/ton)
91.85
96.95
-5.26%
Gold Futures(USD/oz)
1,555.90
1,561.70
-0.37%
Sugar 11 (USD/lb)
19.42
19.53
-0.31%
Steel (USD/ton)
655.79
656.08
-0.04%
Wheat (CBT) (USD/bu)
656.75
680.00
-3.42%
PTA (USD/ton)
1,105.00
1,145.00
-3.49%
Copper (USD/ton)
7,680.00
7,712.00
-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.