BasedLine

Date: 06-June-2012
KSE-100 Index
Previous Index 13,757.92
Current Index 13,708.23
Change % -0.36%
YTD (CY12) 20.80%
YTD (FY12) 9.70%
KSE-100 Index
Previous Index 23,909.17
Current Index 23,740.82
Change % -0.70%
YTD (CY12) 17.89%
YTD (FY12) 13.40%
International Indicators
 
Close
%age
BSE-30 16,020.64 0.20
HANGSENG 18,259.03 0.40
NIKKEI 225 8,382.00 1.04
FTSE 5,260.19 -1.14
DJIA 12,127.95 0.22
SSEC 2,306.37 -0.24
NASDAQ 2,778.11 0.66
 
Close
%age
TASI 6,736.82 -0.49
KSE(Kuwait) 6,130.20 0.60
BSE 1,131.46 -0.25
MSM 5,764.93 0.80
ADX 2,433.39 0.45
DFM 1,449.80 0.89
QSE 8,322.19 -0.13
Capital Market Overview

Market watch: Bourse recovers early losses

The stock market started Tuesday on a low note by dropping 150 odd points by midday, but sentiments rose in the second half as the bourse recovered 100 points.The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.36 per cent or 49.69 points to end at the 13,708.23 point level. more... (ET)

NAVs and Returns
as of Jun 05, 2012
Funds Offer Redemption
POGSF
10.1637/-
10.1637/-
YTD Return
10.52%
POAIIF
52.3517/-
51.8282/-
YTD Return
11.06%
POAAAF
52.18/-
50.88/-
YTD Return
0.71%
POIAAF
60.52/-
59.01/-
YTD Return
12.94%
POAF
11.31/-
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
37.45
3,220
48.93
2.31
20.80%
KSE30
7.27
625
27.11
1.88
16.27%
KMI30
5.34
459
17.65
1.35
17.89%
KSE All
40.60
3,491
67.62
2.48
22.99%
Jun 05 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
162.70
122.30
-4.42%
OGDC
17.50
155.37
164.64
14.21%
UBL
1.80
76.57
42.34
-6.02%
LUCK
1.70
124.82
39.98
4.42%
June 05, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
15.82
-5.00
10.83
Foreign Corporates
911.52
-6,806.09
-5,894.57
Overseas Pakistani
201.21
-143.36
57.84
Grand Total
1,128.55
-6,954.44
-5,825.90
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
04-Jun-12
05-Jun-12
Change
Gross Buy
454.35
23.27%
6.17
-86.89%
0.81
1.13
39.29%
Gross Sell
-385.02
32.32%
-15.71
15.64%
-8.27
-6.95
15.87%
Net Buy/(Sell)
67.79
-14.63%
-9.33
-128.47%
-7.46
-5.83
21.87%
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)

Accord signed for Natural Gas Efficiency worth $200m

Pakistan and World Bank (WB) on Tuesday signed an agreement for $200 million funding for Natural Gas Efficiency Project.Dr Waqar Masood Khan, Secretary Economic Affairs Division Rachid Benmessaoud, Country Director WB signed the accord. more... (DT)

Efforts underway to export petroleum products, 500MW to Pakistan: India

Indian High Commissioner to Pakistan Sharat Sabarwal has said efforts were underway to export petroleum products and 500 megawatts (MW) of electricity to Pakistan, which would greatly boost prospects of bilateral trade between the two countries. more... (DT)

Govt borrowing rises to alarming level of Rs 1,097bn

The government borrowing has increased to an alarming level of Rs 1,097 billion from the banking system primarily for budgetary support and consumer financing with its cautious approach to minimise the loans from central bank and engage in the alternative channel of scheduled banks. more... (DT)

Company & Sector Update

Shareholders to receive dividend directly into bank accounts

In order to facilitate shareholders of companies and to encourage payment of dividend through direct credit into shareholder accounts in banks, the Securities and Exchange Commission of Pakistan (SECP) has introduced certain amendments to the ‘transfer deed’. more.. (ET)

‘Imposition of new levy on CNG sector phase wise’

The Ministry of Petroleum and Natural Resources on Tuesday termed the call for indefinite strike by CNG Dealers Association against reported imposition of new levy on CNG sector as unjustified and uncalled for. more... (DT)

PPL, OGDC raise LPG base stock prices

PPL, OGDC and Pak Arab Refinery have increased LPG base stock prices to Rs63,250, Rs62,500 and Rs64,000 per ton respectively exclusive of duties and taxes. As a result of this increase, LPG producer prices have increased by as much as Rs6,000 per ton in the country and have started hitting the poor again. more... (D)

Turkish bank keen on acquiring HSBC

Isbank, the largest Turkish bank, has succeeded to get permission to conduct due diligence of HSBC Pakistan operations, banking sources told Dawn on Tuesday. more... (D)

Political

Conference: Water will be difficult to ‘cross’ for India-Pakistan: experts

Water is going to be the dominant concern in talks between India and Pakistan, as Baglihar and Kishanganga have already altered the dynamics. more... (ET)

Difa-e-Pakistan demands death sentence for Dr Shakil Afridi

The Difa-e-Pakistan Council (DPC) remarked on Tuesday that Pakistan should not “commit the mistake” of handing Dr Shakil Afridi over to the US, and should give him “nothing less than a death sentence”, reported Express News on Tuesday. more... (ET)

Senate session: Dual nationality issue spurs duel in upper house

While Pakistan Peoples Party senators expressed their reservation, and confusion, over the Supreme Court’s ruling on the issue of lawmakers’ dual nationality, the Pakistan Muslim League-Nawaz staged a walkout to protest against Rehman Malik’s appointment as Advisor to PM on Interior Affairs. more... (ET)

EU trade concessions in the offing

The European Union indicated on Tuesday that it was close to implementing exceptional trade concessions designed to help Pakistan’s economy recover from the losses caused by floods. more... (D)

GCC

Bank offers 90% funding on ready properties in UAE

The war in the home loan turf is no longer restricted to just interest rates, UAE banks have now upped the ante on their loan-to-value (LTV) ratio.Last year, banks were not willing to offer between 70 and 75 per cent finance on ready properties, but now one bank increased the limit to up to 90 per cent. more... (Zawya)

Gulf states should help Syrians defend themselves: Saudi

Saudi Foreign Minister Prince Saud al-Faisal urged Gulf states on Tuesday to mobilise their resources to help Syrians "defend themselves" against the President Bashar Al-Assad's regime. more... (Zawya)

Etihad targets 10% of Virgin Australia

Fast-growing Etihad Airways wants to boost its stake in Virgin Australia to 10 percent, its chief executive said Wednesday, following recent on-market share purchases. more. (Zawya)

Emirates leads airline industry in fuel efficiency

EMIRATES airline maintains its leading position in the industry in terms of fuel efficiency due to its young, technologically-advanced fleet, Emirates Group’s second annual "World Environment Day" report released Tuesday said. more... (Gulf Base)

Quote of the Day:

"Reason and judgment are the qualities of a leader." Tacitus




 
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
05-Jun-12
04-Jun-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.20
-0.09%
11.71%
11.68%
3.00
     
05-Jun-12
04-Jun-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
984.31
987.74
-3.43

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.57
11.72
11.78
11.89
Offer
12.07
11.97
12.03
12.39

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.90
11.80
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
94.10
119.00
1.25
147.00
25.80
0.94
0.73

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.86
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
13.35
13.36
13.32

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.89
1.21
1.52
1.59
3.04
8.33
13.35
Change bps
3.00
0.00
-3.00
7.00
12.00
-1.20
-1.00

Commodities

     
05-Jun-12
06-Jun-12
change
WTI (USD/bbl)    
84.62
85.00
0.45%
     
Brent (USD/bbl)    
99.22
99.35
0.13%
     
Arab Light (USD/bbl)    
94.38
96.58
2.33%

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
48,920.00
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)
1,626.90
1,618.85
0.46%
Sugar 11 (USD/lb)
19.06
19.09
-0.16%
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.