BasedLine

Date: 04-June-2012
KSE-100 Index
Previous Index 13,786.62
Current Index 13,876.97
Change % 0.66%
YTD (CY12) 22.29%
YTD (FY12) 11.05%
KSE-100 Index
Previous Index 23,976.43
Current Index 24,202.81
Change % 0.94%
YTD (CY12) 20.19%
YTD (FY12) 15.60%
International Indicators
 
Close
%age
BSE-30 15,965.16 -1.56
HANGSENG 18,558.34 -0.38
NIKKEI 225 8,440.25 -1.20
FTSE 5,260.19 -1.14
DJIA 12,118.57 -2.22
SSEC 2,331.25 -1.78
NASDAQ 2,747.48 -2.82
 
Close
%age
TASI 6,747.69 1.00
KSE(Kuwait) 6,121.96 -1.16
BSE 1,138.16 -0.12
MSM 5,721.10 -0.58
ADX 2,426.82 -0.58
DFM 1,441.80 -2.02
QSE 8,333.07 -1.00
Capital Market Overview

Weekly review: Market bucks tradition ahead of budget

The week before the budget is historically thinly traded as investors step away but this time with the rupee plummeting to new lows and varied news flow on the budget, the value of shares traded traded rose up a notch.The week started on a positive note but slipped mid week and closed down 0.35% on a weekly basis. more... (ET)

NAVs and Returns
as of Jun 01, 2012
Funds Offer Redemption
POGSF
10.1533/-
10.1533/-
YTD Return
10.54%
POAIIF
52.3054/-
51.7823/-
YTD Return
11.10%
POAAAF
52.45/-
51.14/-
YTD Return
1.23%
POIAAF
60.90/-
59.38/-
YTD Return
13.65%
POAF
11.38/-
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
37.91
3,260
78.17
3.88
22.29%
KSE30
7.40
637
44.59
3.35
18.44%
KMI30
5.44
468
31..70
2.41
20.19%
KSE All
41.09
3,534
107.09
4.09
24.50%
Jun 01 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
167.49
121.89
-15.96%
OGDC
17.50
158.65
164.08
3.70%
UBL
1.80
76.98
42.19
24.34%
LUCK
1.70
128.51
39.85
81.41%
June 01, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
6.61
-53.35
-46.74
Foreign Corporates
4,101.21
-462.46
3,638.76
Overseas Pakistani
269.46
-340.47
71.01
Grand Total
4,377.28
-856.27
3,521.01
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
31-May-12
01-Jun-12
Change
Gross Buy
452.45
22.75%
4.28
-81.31%
5.68
4.38
-22.91%
Gross Sell
-370.14
27.20%
-0.48
-91.09%
-9.45
-0.86
-90.94%
Net Buy/(Sell)
80.48
1.36%
3.36
74.50%
-3.77
3.52
-193.39%
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

As elections approach, govt boosts development spending by a fifth

The government has announced Rs873 billion for the national development budget for the upcoming financial year. The allocation is higher by Rs143 billion – or 20% – compared to the current fiscal year as the government gears up for upcoming elections. more... (ET)

Turnover tax rate: FBR to rectify error in Finance Bill

The Federal Board of Revenue (FBR) will rectify an error in the Finance Bill (2012-2013) by amending Section 113(2)(b) of the Income Tax Ordinance of 2001 for a reduction in the turnover tax rate from one percent to 0.5 percent as announced in the next year's budget. more... (ET)

FBR bags Rs1631bn till May-end

Federal Board of Revenue (FBR) has collected Rs1631 billion up to May 31 for the current financial year, a senior FBR official said on Saturday. "The FBR has collected Rs1631 billion upto May 31 this year against Rs 1,319 billion during the same period last fiscal year showing an increase of 25 percent", Shahid Hassan Member Inland Revenue of FBR told APP. more... (TFD)

Tax breaks to cut cost of doing business

THE Large-scale tax breaks proposed in the federal budget for the next fiscal year must reduce the surging cost of doing business.However, the new incentives are not enough to boost investment in the manufacturing sector and spur economic growth. more... (D)

Company & Sector Update

Construction industry: Stakeholders reject govt’s growth claims

Builders and developers have reacted with scepticism to the recently released Economic Survey of Pakistan that claims the construction industry grew by 6.46% during the outgoing fiscal year. more.. (ET)

Textile sector: Exporters not satisfied with Budget 2013

The federal government has not addressed issues in the new budget regarding the uncountable problems hurting exporters, said Pakistan Textile Exporters Association (PTEA) Chairman Rana Arif Tauseef on Saturday. more... (ET)

More growers to get subsidy on tractors

THE Sindh government will continue to provide subsidy on tractors for farmers as part of a number of agriculture-related schemes in the budget 2012-13. The number of growers eligible for subsidy is expected to be increased to 8,000 from this fiscal year’s 6,000. more... (D)

Funds assured for coal gasification

RECOGNISING the significance of the underground coal gasification process at Thar for developing indigenous energy sources, Prime Minister Yousuf Raza Gilani has agreed to provide Rs900 million for the project. more... (D)

Political

US agrees to pay $1.18bn of CSF arrears

The United States has agreed to reimburse $1.18 billion or almost 75 per cent of the claims Pakistan has submitted for the expenses incurred in the fight against militants along the Afghan border, diplomatic sources told Dawn. more... (D)

Budget debate: PML-N likely to boycott proceedings over PM’s refusal to resign

While all political parties have set their agendas to carry out a constructive debate today over the budget for the fiscal year 2012-13, the Pakistan Muslim League-Nawaz plans to launch a strong protest instead. more... (ET)

Imran wants audit of defence budget

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan called for auditing the defence budget of the country by bringing it in the knowledge of elected government as to where it is spent. more... (DT)

Dual nationality: Another petition filed against Malik

Another application was filed in the Supreme Court against the interior minister’s dual nationality case amid contradictory reports on whether Rehman Malik is still a British national or not. more... (ET)

GCC

RAK growth at 8% last year

Ras Al Khaimah is taking measures to spur growth by developing tourism and other non-oil sector and believes it will benefit from tourism expansion in any other emirate, its ruler was quoted on Sunday as saying. more... (Zawya)

Emaar joins initiative on stalled projects

The total number of companies joining Dubai Land Department 's ( DLD ) Tanmia initiative touched 13 with the latest entrant being Emaar Properties , a publicly-listed company. more... (Zawya)

Oil windfall fuels faster growth in UAE

The steady rise in oil prices in the first five months of this year and significantly higher average oil prices last year, than what was predicted, have prompted analysts to forecast that the UAE and some of its Gulf neighbours are headed towards another oil-led economic boom. more. (Gulf News)

Saudi Arabia to liberalise aviation

Saudi Arabia plans to open its skies gradually, phasing in new airlines to avoid an abrupt crowding of the sector, according to a senior official at the kingdom’s top aviation authority. more... (Gulf News)

Quote of the Day:

"Good management is the art of making problems so interesting and their solutions so constructive that everyone wants to get to work and deal with them." Paul Hawken




 
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
01-Jun-12
31-May-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.20
-0.05%
11.70%
11.68%
1.90
     
01-Jun-12
31-May-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
981.43
965.54
15.89

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.54
11.70
11.76
11.88
Offer
12.04
11.95
12.01
12.38

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.75
11.65
11.75
11.80
11.90
12.00
Low  
11.35
11.50
11.65
11.70
11.75
11.80

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
94.50
118.00
1.13
146.70
25.70
0.97
0.74

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.86
11.92
11.96
Last Cut Off.
11.87
11.94
11.95
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
13.12
13.06
13.05
13.05
10 Y-PIB
13.38
13.34
13.32
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

     
01-Jun-12
04-May-12
change
WTI (USD/bbl)    
83.10
82.10
-1.55%
     
Brent (USD/bbl)    
98.75
97.35
-1.42%
     
Arab Light (USD/bbl)    
102.22
97.28
-4.83%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
105.77
107.00
-1.15%
Furnace Oil (Rs/ton)
76,360.48
79,333.56
-3.75%
Cement (Rs. Bag Avg)
439.50
441.75
-0.51%
Urea Fertilizer (Rs/bag)
1,683.33
1,693.33
-0.59%
Gold 24cr (Rs./10gm) Khi
48,942.00
48,000.0
1.96%
Rice IRRI -6(Rs/100kg)
3,391.00
3,392.00
-0.03%
KCA Cotton (Rs/mound)
5,600.00
5,700.00
-1.75%
International
Current
Previous
Change
Coal Spot(USD/ton)
91.85
96.95
-5.26%
Gold Futures(USD/oz)
1,621.10
1,605.00
1.00%
Sugar 11 (USD/lb)
19.09
19.42
-1.70%
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.