BasedLine

Date: 05-June-2012
KSE-100 Index
Previous Index 13,876.97
Current Index 13,757.92
Change % -0.86%
YTD (CY12) 21.24%
YTD (FY12) 10.10%
KSE-100 Index
Previous Index 24,202.81
Current Index 23,909.17
Change % -1.21%
YTD (CY12) 18.73%
YTD (FY12) 14.20%
International Indicators
 
Close
%age
BSE-30 15,965.16 -1.56
HANGSENG 18,558.34 -0.38
NIKKEI 225 8,295.63 -1.71
FTSE 5,260.19 -1.14
DJIA 12,101.46 -0.14
SSEC 2,373.44 -0.05
NASDAQ 2,760.01 0.45
 
Close
%age
TASI 6,770.19 0.33
KSE(Kuwait) 6,093.86 -0.46
BSE 1,134.35 -0.33
MSM 5,719.20 -0.03
ADX 2,422.39 -0.18
DFM 1,437.03 -0.33
QSE 8,332.64 -0.01
Capital Market Overview

Market Watch: Bourse fails to lift off despite friendly budget

Despite the budget being pro-capital markets, the stock market still fell on the first trading session of the week amid decline in regional markets.The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.86 per cent or 119.06 points to end at the 13,757.91 point level. more... (ET)

NAVs and Returns
as of Jun 04, 2012
Funds Offer Redemption
POGSF
10.1611/-
10.1611/-
YTD Return
10.53%
POAIIF
52.3403/-
51.8169/-
YTD Return
11.07%
POAAAF
52.30/-
50.99/-
YTD Return
0.93%
POIAAF
60.71/-
59.19/-
YTD Return
13.28%
POAF
11.30/-
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
37.58
3,232
78.17
3.88
21.24%
KSE30
7.32
630
44.59
3.35
17.16%
KMI30
5.37
462
31..70
2.41
18.73%
KSE All
40.96
3,523
107.09
4.09
23.45%
Jun 04 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
167.23
122.11
-4.42%
OGDC
17.50
156.01
164.38
14.21%
UBL
1.80
76.51
42.27
-6.02%
LUCK
1.70
126.55
39.92
4.42%
June 04, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
7.27
-6.14
1.13
Foreign Corporates
572.54
-8,051.62
-7,479.08
Overseas Pakistani
230.43
-208.88
21.55
Grand Total
810.24
-8,266.64
-7,456.40
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
01-Jun-12
04-Jun-12
Change
Gross Buy
453.24
22.97%
5.07
-89.24%
4.38
0.81
-81.49%
Gross Sell
-378.22
29.98%
-8.92
-34.38%
-0.86
-8.27
865.42%
Net Buy/(Sell)
73.36
-7.62%
-3.76
-111.48%
3.52
-7.46
-311.77%
S.C.R.A
Country
During the Period FY12TD
01-06-2012
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
-
-
17.37
9.16
-
-12.41
-
-
-9.16
Luxembourg
50.53
-
-
33.00
-
-
-21.04
0.86
0.13
0.73
Switzerland
42.83
1.00
-
41.07
1.27
-
1.48
-
0.10
-0.10
UAE
7.62
0.52
-
4.78
4.46
-
-1.63
-
-
-
UK
104.89
18.13
-
170.68
17.91
3.47
-69.10
2.14
1.79
-17.27
USA
180.71
-
-
307.46
-
19.06
-145.80
-
0.52
-0.52
Total
505.56
22.33
-
674.18
35.49
29.22
-211.57
3.32
2.54
-26.00
News Clippings
Economy

Future priority for 2012-15

The Ministry of Finance has set the development of the Small and Medium Enterprises (SMEs) sector as the future priority for 2012-15. The ministry estimates that some 40,000 employment opportunities more may be generated through the service of SMEs sector. more... (DT)

July to May 2012: Marble products export increased to $39.82m

The finished and semi-finished marble products export registered an increase of $7.52 million to $39.82 million during July to May 2012 as compared to the same period of last year. more... (DT)

Inflation: Index down 0.05% during week

The Sensitive Price Indicator (SPI), for the week ended May 31, has registered a decrease of 0.05% over the previous week for the lowest income group. more... (ET)

Dollar sheds strength versus rupee

The dollar shed strength against rupee in the interbank market, dealers said on Monday. The dollar started the day’s trading at Rs 93.77 for buying, shed 47 paisas and closed at Rs 93.20 for buying and Rs 93.40 for selling. more... (DT)

Company & Sector Update

Despite corruption probe, PSO officers promoted

Some members of Pakistan State Oil (PSO)’s board of management have labelled the large-scale promotions made in the company a few months ago a violation of the principles of merit and pointed out that some promoted officers are even facing corruption cases. more.. (ET)

Cost of doing business surges 15%

Energy shortages and a sharp spike in oil prices have pushed up the cost of doing business by at least 15%, say industrialists and traders. more... (ET)

Power transmission chief removed for inefficiency

On his first day in office as Federal Minister for Water and Power, Chaudhry Ahmad Mukhtar removed on Monday the National Transmission and Dispatch Company’s Managing Director, Rasul Khan Mehsud, from his post. more... (D)

KESC receives Rs500m in TFC offer

Certificates (TFCs) have been subscribed in the sum of Rs500 million, making a quarter of the total amount of Rs2 billion on offer, inclusive of Green shoe option of Rs1 billion.more... (D)

Political

National Assembly session: PML-N ready for talks on interim setup if PM resigns

In an apparent change of heart, the Pakistan Muslim League-Nawaz (PML-N) has formally offered talks to the government on a caretaker setup for holding parliamentary elections later this year – but on one condition: Prime Minister Yousaf Raza Gilani should resign first. more... (ET)

US apology needed to re-open supply routes: Khar

The United States should apologise for an air raid that killed 24 Pakistani soldiers if it wants Pakistan to reopen key supply routes into Afghanistan, Foreign Minister Hina Rabbani Khar said in an interview published on Monday. more... (D)

PTI will end family politics in country'

Central leader of Pakistan Tehreek-e-Insaf (PTI) Makhdoom Javed Hashmi has said on Monday that demands for creation of new provinces in the country are coming from everywhere, therefore, the government should resolve the issue by constituting a high level commission. more... (DT)

MQM chief for protection of earth, restoration of ecological balance

Muttahida Qaumi Movement MQM chief Altaf Hussain has said that uncontrolled human activities damaged the environment, adding that the observation of World Environment Day in Pakistan was a positive sign. more... (DT)

GCC

Etihad acquires 3.96 per cent stake in Virgin Australia

Etihad Airways believes that this equity investment in Virgin Australia’s domestic operations significantly strengthens the 10-year strategic partnership forged by the two carriers in August 2010 and will enrich the commercial benefits which the alliance already provides for both airlines as well as increasing the benefits to Australian consumers and visitors to Australia. more... (Gulf News)

Dubai fines retailers for violating rules over prices

The Department of Economic Development (DED) has slapped fines of up to Dh250,000 and confiscated 800 products from several shops in Dubai for violating rules, DED said Sunday. more... (Gulf News)

Gulf petrochemical firms see quarterly profits drop 10% year-on-year

Gulf petrochemical companies witnessed a 10% decline year-on-year (y-o-y) in their net profit in the first quarter (Q1) of this year mainly due to rising cost of sales, which, in turn, impacted the gross margins in the sector, says a study. more. (Gulf Base)

Saudi banks leading record loans to support spend drive

Saudi Arabia’s banks have arranged the most loan syndications on record this year as they support the government’s $514bn spending plans and offset a decline in funding from Europe. Banks in the largest Arab economy were lead arrangers for $4.19bn of syndicated loans so far in 2012.. more... (Gulf Base)

Quote of the Day:

"The man who has done his level best... is a success, even though the world may write him down a failure." B.C Forbes




 
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
04-Jun-12
01-Jun-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.27
0.09%
11.68%
11.70%
-2.40
     
04-Jun-12
01-Jun-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
987.74
981.43
6.31

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.53
11.70
11.76
11.88
Offer
12.03
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  
11.90
11.75
11.75
11.80
11.90
12.00
Low  
11.75
11.60
11.60
11.70
11.75
11.80

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
94.50
115.84
1.19
143.55
25.43
0.94
0.73

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.87
11.94
11.98
Last Cut Off.
11.87
11.94
11.95
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
13.12
13.06
13.06
13.05
10 Y-PIB
13.38
13.36
13.34
13.32

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.86
1.21
1.55
1.52
2.92
8.34
13.36
Change bps
4.00
4.00
10.00
-1.00
8.00
-2.50
2.00

Commodities

     
04-Jun-12
05-Jun-12
change
WTI (USD/bbl)    
82.10
84.62
3.09%
     
Brent (USD/bbl)    
97.35
99.22
1.92%
     
Arab Light (USD/bbl)    
97.28
94.38
-2.98%

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
48,920.00
48,942.00
-0.04%
Rice IRRI -6(Rs/100kg)
3,387.00
3,391.00
-0.12%
KCA Cotton (Rs/mound)
5,500.00
5,600.00
-1.79%
International
Current
Previous
Change
Coal Spot(USD/ton)
91.85
96.95
-5.26%
Gold Futures(USD/oz)
1,618.85
1,624.10
-0.32%
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)
1,010.00
1,145.00
-11.79%
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.