BasedLine

Date: 11-June-2012
KSE-100 Index
Previous Index 13,717.30
Current Index 13,558.70
Change % -1.16%
YTD (CY12) 19.48%
YTD (FY12) 8.50%
KSE-100 Index
Previous Index 23,749.23
Current Index 23,466.87
Change % -1.19%
YTD (CY12) 16.53%
YTD (FY12) 12.09%
International Indicators
 
Close
%age
BSE-30 16,718.87 0.42
HANGSENG 18,502.34 -0.94
NIKKEI 225 8,459.26 2.09
FTSE 5,435.08 -0.23
DJIA 12,554.20 0.75
SSEC 2,288.70 0.32
NASDAQ 2,858.42 0.97
 
Close
%age
TASI 6,749.49 1.30
KSE(Kuwait) 6,110.89 0.19
BSE 1,137.48 0.45
MSM 5,756.87 0.49
ADX 2,454.47 0.61
DFM 1,467.03 0.23
QSE 8,301.20 -0.18
Capital Market Overview

Weekly Review: Positive budget fails to lift the market

Investors adopted a cautious approach throughout the week despite a positive budget for the capital markets.KSE-100 index was down 2.3% to close at the 13,559 point level. more... (ET)

NAVs and Returns
as of Jun 08, 2012
Funds Offer Redemption
POGSF
10.1725/-
10.1725/-
YTD Return
10.52%
POAIIF
52.3858/-
51.8619/-
YTD Return
11.03%
POAAAF
51.84/-
50.54/-
YTD Return
0.04%
POIAAF
60.18/-
58.68/-
YTD Return
12.31%
POAF
11.32/-
YTD Return
10.31%
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
37.04
3,185
89.97
3.78
19.48%
KSE30
7.19
618
43.32
2.89
15.03%
KMI30
5.28
454
27.61
1.69
16.53%
KSE All
40.21
3,458
124.44
4.02
21.56%
Jun 08 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
158.96
122.41
-20.24%
OGDC
17.50
154.69
164.78
1.17%
UBL
1.80
76.13
42.37
22.97%
LUCK
1.70
122.16
40.02
72.44%
June 08, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
23.74
-0.37
23.36
Foreign Corporates
1,852.69
-5,918.46
-4,065.77
Overseas Pakistani
412.91
-325.37
87.54
Grand Total
2,289.33
-6,244.20
-3,954.87
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
07-Jun-12
08-Jun-12
Change
Gross Buy
461.21
21.83%
13.04
-83.52%
2.37
2.29
-3.34%
Gross Sell
-396.08
28.68%
-26.78
37.75%
-2.32
-6.24
-169.54%
Net Buy/(Sell)
63.68
-12.07%
-13.44
-138.08%
0.05
-3.95
-7717.20%
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

Monetary policy: Interest rate left unchanged at 12%

The State Bank of Pakistan (SBP), while stressing the need for fundamental reforms to turn around the economy, has kept the benchmark interest rate – called the policy rate – unchanged at 12% in the face of high inflation and unchecked government borrowing from banks. more... (ET)

Punjab budget: Development allocation 13.5% above last year’s level

The Punjab government presented its biggest ever Annual Development Programme (ADP) of Rs250 billion for the upcoming 2012-13 financial year, exceeding the development budget for the year ending June 30 by Rs30 billion. more... (ET)

Power crisis: Punjab earmarks Rs10b for energy projects

The Punjab government has allocated only Rs350 million for industries, commerce and investment in the province, which is 1.4% of the total annual development budget of Rs250 billion for the fiscal year 2012-13. more... (ET)

KP budget: more of the same

THE last budget of the Khyber Pakhtunkhwa ruling coalition government is not different from the previous four ones but for a string of measures focused on the coming elections. more... (D)

Company & Sector Update

No petrol shortage in country: Dr Asim

Minister for Petroleum Dr Asim Hussain on Sunday said that there is no shortage of petroleum in the country. He said that artificial shortage of petroleum was created in some parts of the country and added that some elements are involved in this activity. more.. (TFD)

Foreigners pull out $16.8mn from KSE

Foreign portfolio investors withdrew over $16.80 million from Pakistani bourses in the last week as per the National Clearing Company of Pakistan Limited (NCCPL) data. This is biggest net selling in any one week after a gap of 8 months. more... (TFD)

State Life gets better business from smaller cities

Many would be surprised to learn that the State Life Insurance Corporation of Pakistan (SLICP) generated a larger amount of first-year individual life insurance premiums from Sialkot than from Karachi in 2011. more... (ET)

Under-served areas: PTCL extends voice, data services

Pakistan Telecommunication Company Limited (PTCL) has won a Rs3.15 billion project of the Universal Service Fund (USF) to provide basic telephony and data services in Mastung district of Balochistan, says a press release. more... (ET)

Political

Pre-feasibility report: Islamabad asks WB to weigh up power import from India

The World Bank has begun preparing a pre-feasibility report to assess the viability of Pakistan importing power from India under the Pakistan Regional Trade Programme, a senior water ministry official told The Express Tribune. more... (ET)

Arsalan Iftikhar submits plea seeking Malik Riaz's arrest

Dr Arsalan Iftikhar, son of Chief Justice Iftikhar Muhammad Chaudhry, submitted an application in the Supreme Court on Monday, seeking Bahria Town’s chief Malik Riaz’s arrest, Express News reported. more... (ET)

Indo-Pak talks: Islamabad to push for Siachen settlement, again

Islamabad will renew a proposal seeking the immediate demilitarisation of the world’s highest battlefield, Siachen, and a troop pullback to the 1984 positions, when senior officials from Pakistan and India begin talks here today (Monday) to resolve the 28-year-old dispute. more... (ET)

PML-N to hold sit-in outside Presidency

As part of its protest campaign against the government, the opposition Pakistan Muslim League (Nawaz) will hold a sit-in outside the Presidency and the Prime Minister’s House on Monday evening, Dawn has learnt. more... (D)

GCC

Riyadh among lowest risk cities in Mideast

Riyadh is among the lowest risk cities in the region, with a rating that puts it ahead of international business hubs according to the findings from the 2012 People Risk Index, created by Aon Hewitt, the global human resources business of Aon plc. more... (Gulf Base)

UAE swings to $11bn fiscal surplus in 2011

UAE’s public finances swung into a surplus of 2.9% of economic output in 2011 after two years of deficits as robust oil income offset an increase in government spending, a report by the International Monetary Fund showed. more... (Gulf Base)

UAE, Gulf may face risks from Europe crisis

The UAE and other Gulf countries could face major financial repercussions if the eurozone debt crisis spreads from the bloc’s peripheral states to its core and infects global markets, the International Monetary Fund said. more. (Gulf Base)

Qatar lenders’ reliance on foreign banks almost triples in the year to April

Qatar banks’ reliance on foreign lenders has risen to a record this year as their funding is stretched by the surge in project financing in the nation preparing to host the 2022 Fifa World Cup. more... (Gulf News)

Quote of the Day:

"Time is the scarcest resource and unless it is managed nothing else can be managed." Peter Drucker




 
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
08-Jun-12
07-Jun-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.07
-0.10%
11.77%
11.74%
3.40
     
08-Jun-12
07-Jun-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
929.22
935.89
-6.67

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.57
11.71
11.77
11.88
Offer
12.07
11.96
12.02
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  
11.60
11.65
11.60
11.70
11.75
11.80

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
95.50
119.80
1.25
148.30
26.00
0.94
0.73

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.82
11.91
11.95
Last Cut Off.
11.87
11.94
11.95
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
13.04
13.00
13.05
13.12
10 Y-PIB
13.31
13.29
13.29
13.38

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.87
1.33
1.71
1.63
3.07
8.35
13.29
Change bps
1.00
-4.00
10.00
-9.00
1.00
0.70
0.00

Commodities

     
08-Jun-12
08-Jun-12
change
WTI (USD/bbl)    
84.28
85.99
2.03%
     
Brent (USD/bbl)    
99.48
101.55
2.08%
     
Arab Light (USD/bbl)    
98.24
99.03
0.80%

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
48,478.61
48,350.00
0.27%
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)
1,597.40
1,569.50
0.28%
Sugar 11 (USD/lb)
19.98
19.76
1.11%
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.