BasedLine

Date: 07-June-2012
KSE-100 Index
Previous Index 13,708.23
Current Index 13,745.73
Change % 0.27%
YTD (CY12) 21.13%
YTD (FY12) 10.00%
KSE-100 Index
Previous Index 23,740.82
Current Index 23,797.38
Change % 0.24%
YTD (CY12) 18.17%
YTD (FY12) 13.67%
International Indicators
 
Close
%age
BSE-30 16,454.30 2.71
HANGSENG 18,520.53 1.43
NIKKEI 225 8,533.53 1.81
FTSE 5,384.11 2.36
DJIA 12,414.79 2.37
SSEC 2,313.55 0.17
NASDAQ 2,844.72 2.40
 
Close
%age
TASI 6,662.26 -1.12
KSE(Kuwait) 6,085.15 -0.73
BSE 1,132.17 0.06
MSM 5,783.91 0.33
ADX 2,435.19 0.07
DFM 1,455.96 0.42
QSE 8,342.51 0.24
Capital Market Overview

Market watch: Stock market keeps worries away

The stock market closed in the black on Wednesday as investors remained cautious amid foreigners pulling out $13 million in the previous two days. The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.27 per cent or 37.50 points to end at the 13,745.73 point level. more... (ET)

NAVs and Returns
as of Jun 06, 2012
Funds Offer Redemption
POGSF
10.1663/-
10.1663/-
YTD Return
10.52%
POAIIF
52.3630/-
51.8394/-
YTD Return
11.05%
POAAAF
52.17/-
50.87/-
YTD Return
0.69%
POIAAF
60.57/-
59.06/-
YTD Return
13.03%
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
37.55
3,229
58.42
3.16
21.13%
KSE30
7.30
628
34.59
2.59
16.76%
KMI30
5.35
460
18.20
1.33
18.17%
KSE All
40.78
3,507
77.90
3.40
23.28%
Jun 06 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
162.56
122.30
-4.42%
OGDC
17.50
156.13
164.64
14.21%
UBL
1.80
76.89
42.34
-6.02%
LUCK
1.70
125.53
39.98
4.42%
June 06, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
8.85
-7.22
1.63
Foreign Corporates
2,183.75
-2,527.75
-344.00
Overseas Pakistani
174.91
-230.15
-55.25
Grand Total
2,367.51
-2,765.12
-397.61
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
05-Jun-12
06-Jun-12
Change
Gross Buy
456.66
23.36%
8.49
-81.98%
1.13
2.37
109.78%
Gross Sell
-387.72
32.55%
-18.41
35.53%
-6.95
-2.77
60.24%
Net Buy/(Sell)
67.41
-15.20%
-9.71
-129.63%
-5.83
-0.40
93.18%
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

MPS: Hold your horses and the discount rate

With just a few hours remaining before the announcement of the State Banks monetary policy, consensus appears to be building about the expectation that the central bank will leave the benchmark rate unchanged. more... (BR)

Senate panel fiercely opposes 1% tax on manufacturing

The government is likely to face a tough time as a parliamentary panel discussing next year’s budget and the entire business community have opposed 1% tax on all types of manufacturing. more... (ET)

SBP refutes rumours of gold mixing in Re 1, Rs 2 coins

State Bank of Pakistan (SBP) has categorically denied the reports/rumours appearing in a section of the regional press/media regarding the mixing of gold in aluminum/copper coins of Rs 1 and Rs 2. more... (DT)

Rupee depreciation source of concerns: SME body

The Union of Small and Medium Enterprises (UNISAME) has invited the immediate attention of the Ministry of Finance (MOF) to the ill effects on the economy due to weakening of the Pakistan rupee and asked MOF to intervene and take concrete measures to save the units based on imported raw materials from closure.more... (TFD)

Company & Sector Update

Textile sector in knots over budget

The struggling textile industry of the country had hoped for some respite in the recently announced Federal Budget. But industry representatives lament that the fiscal plan has little for them. more.. (BR)

Industrialists join hands to squeeze out CNG sector

Frustrated because of continuous gas shortage, the three major industrial associations have joined hands to crush the Compressed Natural Gas (CNG) sector which they say is expanding at a rate of 25% annually and is eating away at the industrial gas share. more... (ET)

SECP registers 470 companies in May

The new corporations registered with Securities and Exchange Commission of Pakistan (SECP) has seen significant growth on every coming month as showing in May with 470 companies, 422 in March and 370 in April respectively. more... (DT)

Urea sales up 23pc MoM in May

Urea off-take depicted a surge of 23.2 per cent MoM to reach at 380 thousand tons in the month of May compared with 308 thousand tons in the month of April 2012, as per industry sources. more... (TFD)

Political

Pakistan, China sign 3 MoUs for development

Pakistan and China Wednesday signed three memorandums of understanding (MoUs) covering supply of water from Tarbela to Islamabad, establishment of Special Economic Zone in the proposed new city Zulfikarabad in Sindh and the building of 6,000 flats in I-15 sector on private-public partnership basis. more... (ET)

Iran ready to finance gas pipeline in Pakistan: report

Iran is ready to finance a multi-billion-dollar gas pipeline in Pakistan, which has been delayed for two years due to Western pressure, the Fars news agency said on Wednesday, quoting an “informed source”. more... (DT)

US provides $490,000 for research on economic uplift

Twenty-two Pakistani scholars have been awarded a total of $490,000 worth of grants by the United States government for research on various fields related to economic development and markets. more... (DT)

Buildind Consensus: PPP leader hints at reviewing dual nationality bar

Ruling Pakistan Peoples Party leader and former law minister Maula Bux Chandio on Wednesday hinted that the dual nationality law may be amended. more... (ET)

GCC

Iran, Saudi Rivalry Extends To Battle For Top OPEC Post

A competition between Saudi Arabia and Iran over a prestigious OPEC post could pave the way for a compromise candidate from a third-party country to take the job, officials and analysts said. more... (Zawya)

Metito to invest SR 500 million

Metito, a leading provider of total intelligent water management solutions in emerging markets, yesterday announced it is re-launching its operations in the Kingdom with a plan to invest SR 500 million in the water and waste water industry over the next 3 years. more... (Zawya)

Abu Dhabi's Gulf Capital To Invest AED1 Billion In Riyadh Housing

Gulf Capital , an Abu Dhabi-based investment and private equity firm, is set to plow 1 billion U.A.E. dirhams ($272 million) into a new residential compound in Riyadh through its real estate arm as it eyes other deals in Saudi Arabia, Egypt and the United Arab Emirates. more. (Zawya)

Etihad increases stake in Virgin Australia to 4.99%

Etihad Airways has increased its stake in Virgin Australia Holdings to 4.99 per cent, the company said in a statement. The move comes a day after the Abu Dhabi-based airline announced acquiring 3.96 per cent stake in Virgin Australia, in which British billionaire Sir Richard Branson’s Virgin Atlantic holds a 26 per cent stake. more... (Gulf News)

Quote of the Day:

"All riches have their origin in mind. Wealth is in ideas - not money. " Robert Collier




 
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
06-Jun-12
05-Jun-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.09
-0.12%
11.76%
11.71%
4.70
     
06-Jun-12
05-Jun-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
956.02
984.31
-28.30

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.58
11.70
11.76
11.87
Offer
12.08
11.95
12.01
12.37

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  
11.90
11.70
11.60
11.70
11.75
11.80

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
94.64
119.00
1.25
147.00
25.80
0.94
0.73

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.86
11.92
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
13.06
13.12
10 Y-PIB
13.38
13.35
13.35
13.38

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.88
1.33
1.64
1.66
3.05
8.37
13.35
Change bps
-1.00
12.00
12.00
7.00
1.00
3.90
0.00

Commodities

     
06-Jun-12
07-Jun-12
change
WTI (USD/bbl)    
85.00
85.49
0.58%
     
Brent (USD/bbl)    
99.35
100.92
1.58%
     
Arab Light (USD/bbl)    
96.58
99.78
3.31%

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
49,542.00
48,942.00
1.23%
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)
1,621.50
1,626.90
-0.33%
Sugar 11 (USD/lb)
19.90
19.06
4.41%
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.