BasedLine

Date: 13-June-2012
KSE-100 Index
Previous Index 13,601.46
Current Index 13,429.56
Change % -1.26%
YTD (CY12) 18.35%
YTD (FY12) 7.47%
KSE-100 Index
Previous Index 23,592.20
Current Index 23,221.09
Change % -1.57%
YTD (CY12) 15.31%
YTD (FY12) 10.91%
International Indicators
 
Close
%age
BSE-30 16,862.80 1.17
HANGSENG 18,872.56 -0.43
NIKKEI 225 8,536.72 -1.02
FTSE 5,473.74 0.76
DJIA 12,573.80 1.31
SSEC 2,289.79 -0.69
NASDAQ 2,843.07 1.19
 
Close
%age
TASI 6,727.83 -0.93
KSE(Kuwait) 6,016.70 -0.92
BSE 1,134.60 -0.04
MSM 5,714.11 -0.51
ADX 2,447.57 -0.64
DFM 1,468.82 -0.96
QSE 8,280.58 -0.42
Capital Market Overview

Market watch: Stocks beaten up as US withdraws negotiators

The stock market took a heavy battering on Tuesday and fell to a 12-week low, as the US broke off talks with Pakistan over Nato supply routes and recalled all its negotiators from the country. more... (ET)

NAVs and Returns
as of Jun 12, 2012
Funds Offer Redemption
POGSF
10.1818/-
10.1818/-
YTD Return
10.49%
POAIIF
52.4338/-
51.9095/-
YTD Return
11.00%
POAAAF
51.55/-
50.26/-
YTD Return
-0.51%
POIAAF
59.97/-
58.47/-
YTD Return
11.90%
POAF
11.36/-
YTD Return
10.56%
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
34.98
3,148
54.59
2.61
18.35%
KSE30
6.78
610
33.29
2.22
13.55%
KMI30
4.98
448
23.95
1.63
15.31%
KSE All
37.68
3,391
70.70
2.72
20.41%
Jun 12 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
154.96
122.41
-22.25%
OGDC
17.50
150.10
164.78
-1.89%
UBL
1.80
75.99
42.37
22.74%
LUCK
1.70
117.37
40.02
65.68%
June 12, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
8.01
-
8.01
Foreign Corporates
919.82
-4,586.98
-3,667.16
Overseas Pakistani
189.96
-131.92
58.04
Grand Total
1,117.78
-4,718.90
-3,601.12
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
11-Jun-12
12-Jun-12
Change
Gross Buy
453.01
22.38%
14.79
-82.24%
0.93
1.12
20.55%
Gross Sell
-462.36
53.63%
-101.27
114.57%
-70.36
-4.72
93.29%
Net Buy/(Sell)
-9.36
-112.92%
-86.47
-339.59%
-69.44
-3.60
94.81%
S.C.R.A
Country
During the Period FY12TD
11-06-2012
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
-
-
-
Luxembourg
50.53
-
-
33.00
-
-
-21.34
-
-
-
Switzerland
42.88
1.00
-
41.11
1.27
-
1.49
0.05
-
0.05
UAE
7.88
0.52
-
4.78
4.46
-
-1.37
-
-
-
UK
109.11
18.13
-
180.11
17.91
3.47
-74.31
1.05
-
1.05
USA
184.51
-
-
313.24
-
19.06
-147.79
0.11
0.81
-0.70
Total
514.08
22.33
-
698.61
35.49
29.22
-227.48
1.21
0.81
0.41



News Clippings
Economy

Budget: Govt announces minor allocation for Thar coalfields

Despite having touted the Thar coalfields as the solution to Pakistan’s energy crisis, the Sindh government will allocate less than $145 million for developing the coalfields during fiscal year 2013. more... (ET)

French market research firm comes to Pakistan

In the presence of a host of corporate executives, advertising professionals and marketing heads of different national and multinational companies, a France-based global market research firm announced its formal launch in Pakistan here on Tuesday. more... (ET)

World Bank initiative: Govt requests funds for power project with India

Against the backdrop of a severe energy crisis, Pakistan has officially requested the World Bank (WB) to fund a project for the import of 500 megawatts of electricity from India, a senior official of the lending agency said on Tuesday. more... (ET)

PM Fiscal Relief Package for KP, Fata: Two-year extension may cost FBR Rs20bn

The FBR will suffer a revenue loss of Rs 20 billion in case the Prime Minister Minister's fiscal relief package for the businessmen of the Khyber Pakhtunkhawa and tribal areas has been further extended for two years.. more... (BR)

Company & Sector Update

Rs30bn allocation sought: Textile exports show massive decline

Textile exports declined by 1,333 million dollars over the last seven months and if the recommended 30 billion rupees were not allocated in the budget, the downfall of textile export will be of two billion dollars by the end of current fiscal. more.. (BR)

SBP set to introduce TUFS to facilitate textile industry

State Bank of Pakistan (SBP) is set to introduce the Technology Up-gradation Fund Scheme (TUFS) of Ministry of Textile Industry this week to facilitate textile industry for further investment in the country.more... (BR)

Pakistani stocks rebound; rupee hits record low

The Karachi Stock Exchange (KSE) rebounded slightly on Monday, with investors picking up cheaper shares after the market fall sharply on Friday, dealers said. more... (D)

Pakistan gets record-high gasoline offer of $249.40/T

Pakistan has received a record high offer for a prompt gasoline cargo it needed to plug a supply gap at $249.40 a tonne to Middle East naphtha quotes on a cost-and-freight (C&F) basis, traders said on Wednesday.more... (D)

Political

Senate adopts close to 150 recommendations on budget

The Upper House of the Parliament on Tuesday adopted close to 150 recommendations proposed for the budget of fiscal year 2012-13. Finance Minister Dr Abdul Hafeez Sheikh promised the House that government would consider most , if not all of them. . more... (ET)

Nato hopes to reopen Pakistan supply routes soon

Nato's chief hopes to soon reopen military supply routes through Pakistan despite new transport agreements with other Afghanistan neighbours providing alternatives. more... (D)

Analysts term Pak-India talks on Siachen, Sir-Creek a welcome move

Defence analyst Col (Retd) Sultan Gaman said that Pak-India Secretaries level talk on Siachen and Sir-Creek issue is a positive step in the right direction.more... (BR)

‘Vindicated’: Pakistan’s justice system is fair, says Ijaz

The self-styled whistle-blower of the Memogate scandal said that the judicial commission’s report has corroborated the ‘truth’ he was speaking from day one. more... (ET)

GCC

SCA announces new transparency rules

The UAE’s capital markets regulator Securities and Commodities Authority ( SCA ) Tuesday announced an amendment to the share ownership rules and said investors will now have to reveal all direct and indirect holdings in listed companies. more... (Zawya)

In Push For Takeover Clarity, UAE Regulator Amends Share Ownership Rules

The U.A.E. market regulator has amended share ownership rules to ensure greater disclosure by investors accumulating a substantial stake in publicly-listed companies, a move that comes in the wake of Aabar Investments. more... (Zawaya)

UAE presents plan to host World Expo 2020

The UAE's Higher Committee for Hosting the World Expo 2020 Tuesday gave a detailed presentation on the UAE's bid to host World Expo 2020 during a meeting with the Bureau International des Expositions (BIE) in Paris. more. (Gulf News)

Bank Nizwa debut grabs market attention

Strong local institutional support, which lasted for three consecutive weeks, propped up the market. HSBC Oman, Raysut Cement, Galfar Engineering and Shell Oman Marketing all pushed the index higher. more... (Zawya)

 

Quote of the Day:

" The world is more malleable than you think and it's waiting for you to hammer it into shape." Bono

 

 

 

 




 
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
12-Jun-12
11-Jun-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.07
-0.05%
11.79%
11.77%
1.80
     
12-Jun-12
11-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
95.80
120.40
1.35
148.60
26.10
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

     
12-Jun-12
13-Jun-12
change
WTI (USD/bbl)    
82.08
82.90
1.00%
     
Brent (USD/bbl)    
97.61
97.08
-0.54%
     
Arab Light (USD/bbl)    
96.13
96.71
0.60%

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
49,027.17
48,478.61
1.13%
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)
1,609.90
1,594.80
0.95%
Sugar 11 (USD/lb)
19.98
20.15
-0.84%
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.