BasedLine

Date: 08-June-2012
KSE-100 Index
Previous Index 13,745.73
Current Index 13,717.30
Change % -0.21%
YTD (CY12) 20.88%
YTD (FY12) 9.77%
KSE-100 Index
Previous Index 23,797.38
Current Index 23,749.23
Change % -0.20%
YTD (CY12) 17.93%
YTD (FY12) 13.44%
International Indicators
 
Close
%age
BSE-30 16,649.05 1.18
HANGSENG 18,678.29 0.85
NIKKEI 225 8,639.72 1.24
FTSE 5,447.79 1.18
DJIA 12,460.96 0.37
SSEC 2,296.24 0.14
NASDAQ 2,831.02 0.37
 
Close
%age
TASI 6,661.26 -1.12
KSE(Kuwait) 6,099.26 0.23
BSE 1,132.33 0.01
MSM 5,785.16 0.02
ADX 2,439.65 0.18
DFM 1,463.69 0.53
QSE 8,316.05 -0.32
Capital Market Overview

Market watch: Bourse falls on uncertain US ties

The stock market witnessed a downward amid increasing tension with the US on Thursday, a day on which most Asian markets closed at a week-high. The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.21 per cent or 28.43 points to end at the 13,717.30 point level. more... (ET)

NAVs and Returns
as of Jun 07, 2012
Funds Offer Redemption
POGSF
10.1696/-
10.1696/-
YTD Return
10.52%
POAIIF
52.3741/-
51.8504/-
YTD Return
11.04%
POAAAF
52.10/-
50.80/-
YTD Return
0.55%
POIAAF
60.43/-
58.92/-
YTD Return
12.77%
POAF
11.32/-
YTD Return
10.29%
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
37.47
3,223
69.79
2.47
20.88%
KSE30
7.29
627
30.64
1.78
16.62%
KMI30
5.34
459
17.84
0.94
17.93%
KSE All
40.67
3,498
110.65
2.76
22.92%
Jun 07 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
161.64
122.30
-18.90%
OGDC
17.50
157.67
164.64
3.06%
UBL
1.80
76.64
42.34
23.79%
LUCK
1.70
125.75
39.98
77.51%
June 07, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
14.60
-361.58
-346.98
Foreign Corporates
2,124.43
-1,655.58
468.85
Overseas Pakistani
229.49
-299.44
-69.95
Grand Total
2,368.52
-2,316.60
51.92
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
06-Jun-12
07-Jun-12
Change
Gross Buy
458.98
23.37%
10.80
-79.60%
2.37
2.37
0.04%
Gross Sell
-389.98
32.03%
-20.68
18.45%
-2.77
-2.32
16.22%
Net Buy/(Sell)
67.46
-14.02%
-9.66
-127.82%
-0.40
0.05
113.06%
S.C.R.A
Country
During the Period FY12TD
06-06-2012
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
-
-
17.39
9.16
-
-12.43
-
0.02
-0.02
Luxembourg
50.53
-
-
33.00
-
-
-21.19
-
-
-
Switzerland
42.83
1.00
-
41.11
1.27
-
1.44
-
-
-
UAE
7.80
0.52
-
4.78
4.46
-
-1.44
0.05
-
0.05
UK
107.78
18.13
-
177.17
17.91
3.47
-72.70
-
3.67
-3.67
USA
184.27
-
-
310.97
-
19.06
-145.76
-
3.00
-3.00
Total
512.21
22.33
-
688.91
35.49
29.22
-211.64
0.05
6.70
-6.65
News Clippings
Economy

WB requested to participate in $10bn Bhasha Dam consortium

Pakistan has placed a formal request with the World Bank for participation in the proposed consortium for arrangement of $10 billion for Bhasha Dam project and the formal decision on Pakistan’s request would be taken when the new World Bank president takes charge next month. more... (DT)

Forex reserves slips to $ 15.536bn

Country's foreign exchange reserves have plunged by $ 470 million to around $ 15,536 billion as on June 1, 2012 on foreign payments. more... (BR)

IFC to finance dry bulk cargo terminal

The International Finance Cor-poration (IFC) has entered into an agreement with Pakistan International Bulk Terminal (PIBT) for providing investment to the tune of $45.5 million, including $19 million in equity and $26.5 million in debt. more... (D)

Single digit sales tax on FBR cards

Chairman Federal Board of Revenue Mumtaz Haider Rizvi has said that FBR has taken cognizance of disparity in rates of sales tax and is moving towards introducing single digit sales tax. more... (TFD)

Company & Sector Update

Cement manufacturers unhappy with duty cut

Cement manufacturers, while praising the government for cutting the federal excise duty from Rs500 to Rs400 per ton in the budget, have stressed that the duty reduction should actually be Rs250 per ton according to the assurances given in this regard earlier. more.. (ET)

KSE urges federal govt to reconsider proposals

While applauding various components of the federal budget 2012-13, directors of the Karachi Stock Exchange (KSE) have urged the federal government to reconsider some important proposals forwarded by them earlier which were not made part of the Finance Bill 2012-13. more... (DT)

4,655 MW power shortfall recorded

The electricity shortfall in the country on Thursday remained at 4,655 MW as the total power generation was recorded as 12,045 MW against the demand of 16,700 MW during the last 24 hours. more... (BR)

110,059 cars produced this year; 9.1pc growth registered

Pakistan has produced 110,059 cars during first three quarters of current fiscal year as compared to 100,870 units during the same period last year, showing 9.1 percent growth. more... (BR)

Political

Bangladesh decides to join TAPI gas pipeline project

Bangladesh, powered by its economic growth, has decided to join the $7.5 billion Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, which enjoys the backing of the United States and the Asian Development Bank (ADB). more... (ET)

Govt admits dismal performance of power ministry

The government has conceded that the performance of the water and power ministry has been dismal.Despite exceeding the spending limit by almost 25 per cent, the ministry has admitted that none of the service delivery targets assigned to it in the federal budget could be met during the current financial year. more... (D)

Zardari calls for Pakistan's full membership in SCO

President Asif Ali Zardari on Thursday announced that Pakistan will host an international conference on narcotics and called for full membership of the Shanghai Cooperation Organisation (SCO) to further advance the agenda of peace. more... (DT)

Quashing rumours: AQ Khan says he will not join any political party

Dr Abdul Qadeer Khan is unlikely to join any political party or enter active politics, The Express Tribune has learnt. Khan confirmed the move himself, saying, “I’m not going to join any political party.” more... (ET)

GCC

UAE Mobile Subscribers +13% In 1Q Vs Yr Ago; Penetration Rate At 154%

Mobile subscribers in the U.A.E. rose 13% on the year in the first quarter of 2012, while the country's penetration rate stood at 154%, a level, analysts say, that shows there's still some growth left in the domestic market. more... (Zawya)

Airline arranges $517m in Islamic facility

Emirates, the world's largest airline by international traffic, raised 1.9 billion dirhams ($517 million) from an Islamic facility for the purchase of three aircraft. more... (Gulf News)

Qatar’s budget surplus narrows to 2.9%

Qatar's state budget surplus narrowed to 2.9 per cent of quarterly economic output in the third quarter of its 2011/12 fiscal year, as revenue dropped compared with the previous three months while spending took off, data showed on Thursday. more. (Gulf News)

Bill likely to allow foreigners to hold telco’s shares

Abu Dhabi’s stock market will receive a much needed liquidity boost if foreigners are allowed to own shares in etisalat, analysts said on Thursday. more... (Gulf News)

Quote of the Day:

"Success or failure in business is caused more by the mental attitude even than by mental capacities." Walter Scott




 
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 18, 2012)
$16.31 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 (May-12) 12.3%
   
CPI Gen. - FY12 (Jul 11- May 12) 11.0%
   
NFNE Core INFL - YoY (May 12) 11.2%
   
NFNE Core INFL -FY12(Jul 11 - May 12) 10.5%

Money Market

 
Price
Change
07-Jun-12
06-Jun-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.15
0.06%
11.74%
11.76%
-1.70
     
07-Jun-12
06-Jun-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
935.89
956.02
-20.13

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.57
11.73
11.78
11.87
Offer
12.07
11.98
12.03
12.37

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

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
94.75
119.80
1.25
147.60
25.95
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

     
07-Jun-12
08-Jun-12
change
WTI (USD/bbl)    
85.49
83.12
-2.77%
     
Brent (USD/bbl)    
100.92
98.62
-2.28%
     
Arab Light (USD/bbl)    
99.78
98.24
-1.54%

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
49,285.00
49,542.00
-0.52%
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)
1,569.50
1,621.50
-3.21%
Sugar 11 (USD/lb)
19.76
19.90
-0.70%
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.