BasedLine

Date: 12-June-2012
KSE-100 Index
Previous Index 13,558.70
Current Index 13,601.46
Change % 0.32%
YTD (CY12) 19.86%
YTD (FY12) 8.85%
KSE-100 Index
Previous Index 23,466.87
Current Index 23,592.20
Change % 0.53%
YTD (CY12) 17.15%
YTD (FY12) 12.69%
International Indicators
 
Close
%age
BSE-30 16,668.01 -0.30
HANGSENG 18,953.63 2.44
NIKKEI 225 8,624.90 1.96
FTSE 5,432.37 -0.05
DJIA 12,411.23 -1.14
SSEC 2,287.44 -0.80
NASDAQ 2,809.73 -1.70
 
Close
%age
TASI 6,790.96 0.61
KSE(Kuwait) 6,072.36 -0.63
BSE 1,135.01 -0.22
MSM 5,743.69 -0.23
ADX 2,463.38 0.36
DFM 1,483.00 1.09
QSE 8,315.23 0.17
Capital Market Overview

Market watch: Stocks end with dull gains as investors remain wary

Monday saw a lacklustre opening to the trading week, with volumes falling to their lowest in almost five months as investors chose to stay at the sidelines in the absence of any significant stimulus to market sentiment.The Karachi Stock Exchange’s (KSE) benchmark 100-share index climbed 0.32% or 42.76 points to end at the 13,601.46 point level. more... (ET)

NAVs and Returns
as of Jun 11, 2012
Funds Offer Redemption
POGSF
10.1794/-
10.1794/-
YTD Return
10.50%
POAIIF
52.4208/-
51.8966/-
YTD Return
11.00%
POAAAF
51.88/-
50.58/-
YTD Return
0.12%
POIAAF
60.30/-
58.79/-
YTD Return
12.52%
POAF
11.36/-
YTD Return
10.57%
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
37.08
3,189
44.82
1.58
19.86%
KSE30
7.21
620
21.42
1.15
15.40%
KMI30
5.30
456
15.67
0.73
17.15%
KSE All
40.24
3,461
60.21
1.69
21.92%
Jun 11 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
158.54
122.41
-20.45%
OGDC
17.50
153.06
164.78
0.05%
UBL
1.80
76.99
42.37
24.36%
LUCK
1.70
123.02
40.02
73.66%
June 11, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
5.38
-3.03
2.35
Foreign Corporates
783.69
-73,502.19
-72,718.50
Overseas Pakistani
181.32
-130.97
50.34
Grand Total
970.39
-73,636.19
-72,665.80
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
08-Jun-12
11-Jun-12
Change
Gross Buy
462.16
22.08%
13.99
-83.58%
2.29
0.97
-57.61%
Gross Sell
-468.05
52.07%
-98.74
104.57%
-6.24
-73.64
1079.27%
Net Buy/(Sell)
-5.75
-107.95%
-82.87
-329.62%
-3.95
-72.67
1737.37%
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

Workers’ remittances up 19.54% to $12.07bn in July-May FY12

Overseas Pakistanis remitted an amount of $12,069.10 million in July-May 2012 of the current fiscal, showing an impressive growth of 19.54 percent or $1972.69 million when compared with $10,096.41 million received during the same period of the last fiscal year. more... (DT)

Sindh Finance Minister presents Rs577.98bn Sindh budget

Annual budget of Sindh for the year 2012-13, having total estimated outlay of Rs 577.98 billion for the year, was announced on Monday evening by the Provincial Finance Minister Syed Murad Ali Shah in the Sindh Assembly. more... (BR)

Balochistan assembly presents Rs179.93bn tax-free Budget

The Balochistan coalition government has presented Rs 179.93 billion Budget for financial year 2012-13 during the provincial assembly session here on Monday. more... (BR)

Untamed ambitions: Sales tax target revised upwards

In his budget speech on Monday, Sindh Finance Minister Murad Ali Shah reiterated his trust in the Sindh Revenue Board’s (SRB) abilities, and insisted that the SRB will successfully achieve the collection target for General Sales Tax (GST) on Services set at Rs25 billion for fiscal 2011-12. more... (ET)

Company & Sector Update

National Savings Organisation launches new schemes

National Savings Organisation announced two new schemes for short term and small savers particularly students on Monday. A short-term scheme with the taxonomy of Short-Term Savings Certificates (STSC) is introduced to promote the saving rate and to control the currency in circulation. more.. (DT)

SECP takes steps to strengthen mutual funds governance

Securities and Exchange Commission of Pakistan (SECP) through amendment to the regulatory framework for mutual funds industry has issued detailed requirements and procedures for convening meeting of the unit holders of open end and closed end mutual funds through a circular number 19 of 2012. more... (DT)

Atlas Honda invests $35m

The government will support the manufacturers through prudent policies and encourage them to enhance the capacity and transfers of technology which will not only benefit local consumers but also increase exports of ‘Made in Pakistan’ motorcycles, said Chairman Federal Board of Revenue (FBR), Mumtaz Haider Rizvi. more... (DT)

Car sales jump 16%

Locally assembled car sales increased by 16% during July 2011 to May 2012, mainly driven by the Punjab government’s taxi scheme under which 15,000 units have reportedly been delivered. more... (ET)

Political

Senate proceedings: PML-N comes under fire over farm tax

The Upper House on Monday resumed the budget debate and lawmakers addressed their individual issues, including the energy crisis, agriculture tax and respite for the poor. more... (ET)

Nato supply line not closed to raise prices: Sherry Rehman

Pakistan’s Ambassador to the US Sherry Rehman refuted the notion that the NATO supply routes had been closed to leverage a price advantage. more... (ET)

Siachen resolution to contribute towards peace, prosperity: Naved Qamar

Indian delegation led by its Defence Secretary, Shashi Kant Sharma called on Federal Minister for Defence, Syed Naveed Qamar here on Tuesday. more... (BR)

Disgruntled PML-N MNA joins PPP

A number of disgruntled Pakistan Muslim League-Nawaz (PML-N) activists from Haripur, led by MNA Sardar Mushtaq and his brother Sardar Haroon Rasheed, have announced their defection to the Pakistan People’s Party (PPP). more... (DT)

GCC

UAE to issue new SME law by year-end

A new law on small and medium enterprises (SMEs) that is underway in the UAE, is expected to simplify and streamline bank loans and help regulate this important segment of the UAE’s private sector, a senior government official said. more... (Zawya)

UAE central bank may exempt bonds from new loans cap

The United Arab Emirates' central bank has told banks they may be allowed to exclude bonds issued by state-linked entities from planned lending limits slated to take effect later this year, a local newspaper said on Monday, citing bankers. more... (Gulf Base)

Euro Jumps As Markets Respond Positively to Weekend Developments

Markets are off to a positive start in the early week, with two key developments over the weekend seen as the primary drivers for the initial surge in risk correlated assets. more. (Gulf Base)

Emirates not buying stake in Qantas: Tim Clark

Tim Clark, yesterday denied outright recent reports about Emirates is in talks with Qantas for a potential stake in the Australian carrier.“I had a chat with Alan Joyce [Qantas’ CEO] about codeshares and then the next thing we hear that Emirates is buying Qantas",Clark told Gulf News. more... (Zawya)

Quote of the Day:

" Effective leadership is putting first things first. Effective management is discipline, carrying it out." Stephen Covey




 
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- May 12)
$12.07bn
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
11-Jun-12
08-Jun-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.07
-0.05%
11.79%
11.77%
1.80
     
11-Jun-12
08-Jun-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
941.75
929.22
12.53

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.55
11.70
11.76
11.86
Offer
12.05
11.95
12.01
12.36

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.90
11.80
11.80
11.80
11.90
12.00
Low  
11.80
11.70
11.65
11.70
11.75
11.80

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
95.90
120.30
1.25
148.50
26.20
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
0.86
1.31
1.60
1.65
3.00
8.33
13.29
Change bps
-1.00
-2.00
-11.00
2.00
-7.00
-2.50
0.00

Commodities

     
11-Jun-12
12-Jun-12
change
WTI (USD/bbl)    
85.99
82.08
-4.55%
     
Brent (USD/bbl)    
101.55
97.61
-3.88%
     
Arab Light (USD/bbl)    
99.03
96.13
-2.93%

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
48,771.00
48,857.00
-0.18%
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)
1,594.80
1,597.40
-0.16%
Sugar 11 (USD/lb)
20.15
19.98
0.85%
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.