BasedLine

Date: 14-June-2012
KSE-100 Index
Previous Index 13,429.56
Current Index 13,368.89
Change % -0.45%
YTD (CY12) 17.81%
YTD (FY12) 6.99%
KSE-100 Index
Previous Index 23,221.09
Current Index 23,157.60
Change % -0.27%
YTD (CY12) 15.00%
YTD (FY12) 10.61%
International Indicators
 
Close
%age
BSE-30 16,880.51 0.11
HANGSENG 18,026.52 0.82
NIKKEI 225 8,587.84 0.60
FTSE 5,483.81 0.18
DJIA 12,496.38 0.62
SSEC 2,311.38 -0.33
NASDAQ 2,818.61 -0.86
 
Close
%age
TASI 6,744.53 0.25
KSE(Kuwait) 5,915.96 -1.67
BSE 1,116.99 -1.55
MSM 5,710.63 -0.06
ADX 2,448.22 0.03
DFM 1,477.86 0.62
QSE 8,261.09 -0.24
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
10.1847/-
10.1847/-
YTD Return
10.49%
POAIIF
52.4464/-
51.9219/-
YTD Return
10.99%
POAAAF
51.48/-
50.19/-
YTD Return
-0.65%
POIAAF
59.92/-
58.42/-
YTD Return
11.81%
POAF
11.36/-
YTD Return
11.56%
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
34.82
3,134
62.25
3.36
17.81%
KSE30
6.75
607
43.06
2.90
12.97%
KMI30
4.97
447
23.91
1.53
15.00%
KSE All
37.37
3,363
77.66
3.46
19.93%
Jun 13 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
155.13
122.41
-22.16%
OGDC
17.50
147.63
164.78
-3.50%
UBL
1.80
76.07
42.37
22.87%
LUCK
1.70
115.72
40.02
63.35%
June 13, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
57.80
-4.94
52.86
Foreign Corporates
2,200.10
-3,036.54
-836.44
Overseas Pakistani
132.43
-140.37
7.94
Grand Total
2,390.33
-3,181.85
-791.52
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
12-Jun-12
13-Jun-12
Change
Gross Buy
455.40
22.93%
17.18
-79.37%
1.12
2.39
113.85%
Gross Sell
-465.55
54.37%
-104.45
121.31%
-4.72
-3.18
-32.57%
Net Buy/(Sell)
-10.15
-114.08%
-87.27
-341.79%
-3.60
-0.79
-78.02%
S.C.R.A
Country
During the Period FY12TD
12-06-2012
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
-
-
-
UAE
7.88
0.52
-
4.78
4.46
-
-1.37
-
-
-
UK
109.11
18.13
-
180.62
17.91
3.47
-74.83
-
0.51
-0.51
USA
184.51
-
-
314.57
-
19.06
-149.12
-
1.33
-1.33
Total
514.08
22.33
-
700.72
35.49
29.22
-229.60
-
2.11
-2.11



News Clippings
Economy

Fiscal responsibility: Govt accused of violating law

The government, over the past four years, has been violating the core objective of the Fiscal Responsibility and Debt Limitation (FRDL) Act of 2005 to eliminate revenue deficit from the economy via policies, a report compiled by the Auditor-General of Pakistan said. more... (BR)

The World Bank has forecast firm recovery in Pakistan’s economic growth over the next two years.

In its medium-term outlook for South Asia contained in the just-released ‘Global Economic Prospects 2012’, the World Bank says that the GDP growth in Pakistan was estimated to have increased to 3.6 per cent in the 2011-12 fiscal year after the sharp deceleration experienced in 2010-11. more... (D)

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)

Exports of sports goods up 2.37 percent

The export of sports goods from the country during the first ten months of the current financial year registered an increase of 2.37 percent as compared to the same period of last year.more... (BR)

Company & Sector Update

Vertical integration: PSO to set up refinery in Khyber-Pakhtunkhwa

Pakistan State Oil’s (PSO) two-year old plan to enter the refining business has finally made some headway as Khyber-Pakhtunkhwa (K-P) has agreed to allot 400 acres of land to set up a refinery.The proposed PSO refinery will produce 40,000 barrels per day. more.. (ET)

Philips to provide 20m energy savers to PEPCO

The Pakistan Electric Power Company (Pepco) has signed a supply contract for 20 million Compact Fluorescent Lamps (CFLs) on a cost, insurance and place of destination (CIP) basis with Philips Electrical Industries of Pakistan. Pepco PMU Project Director Khalid Hussain Rai and Philips Chairman and CEO Asad S Jaffer signed the contract deed at Wapda House. more... (ET)

Up to Rs7.5 per kg cut in CNG price likely

The government is likely to reduce the price of Compressed Natural Gas (CNG) by up to Rs. 7.50 per kg, effective from June 16. more... (BR)

Pakistan military introduces new Android tablet

The PAC Kamra, whose self-described mission is “to produce and support weapon systems for a high state of operational readiness of the Pakistan Air Force (PAF)” has partnered with a Chinese company Innavtek International to produce Takhti 7, a better form of PAC Pad1.more... (ET)

Political

Pandemonium in NA as Shaikh winds up budget discussion

The Pakistan Muslim League-Nawaz (PML-N) members reached the House shouting slogans as members from the coalition parties were extending their proposals to improve the budget.The opposition members gathered in front of the Speaker’s dais and raised anti-government slogans and ‘No to budget’. more... (D)

US Senator blocked from adding Pakistan aid cut provision

US Senator Paul Rand was blocked from attaching an amendment to the farm bill that would withhold US aid to Pakistan. The amendment would have defunded US aid to Pakistan until the country frees an imprisoned doctor, who worked for CIA in hunt for al Qaeda chief Osama bin Laden. more... (D)

Dual nationality: Court disqualifies three more MPAs

The Supreme Court on Wednesday suspended the membership of three Members of Provincial Assembly (MPA) – two from Punjab and one from Sindh – while hearing the dual nationality case. more... (ET)

‘Contemnor’ summoned to court

Taking suo moto notice of a ‘scandalising' press conference by Malik Riaz, the Supreme Court Wednesday issued the real estate tycoon a show cause notice, asking him to personally appear before the court today (Thursday).more... (N)

GCC

UAE To Add 200,000 B/D by End of This Year - Oil Minister

"We are planning to add 200,000 barrels a day by the end of this year to our current production," oil minister Mohammad Al-Hamli said in Vienna where the Organization of Petroleum Exporting Countries are meeting Thursday. more... (Zawya)

UAE free zones prove attractive to global firms

Dubai Airport Freezone has been named the world’s top economic cluster in a report by the Financial Times’ Foreign Direct Investment (fDi) magazine.more... (Gulf News)

Oil cools after Saudi minister says Opec may need to raise production ceiling

Oil fell a fourth day after Saudi Arabian Oil Minister Ali Al Naimi said the Organisation of Petroleum Exporting Countries (Opec) may need a higher output quota and the US issued more exemptions from sanctions for buying Iran’s crude, reducing the risk of supply disruption. more. (Gulf News)

Kuwait Investment Authority, Malaysia's EPF to Be Investors in $2 Bln IHH IPO

Malaysia EPF agree to invest in IHH IPO, a person familiar with the situation says --KIA, EPF To Invest total of $350M in IHH IPO as cornerstone investors, the person says --IFC also to be cornerstone investor in IHH IPO, the person says . 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
13-Jun-12
12-Jun-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.074
0.21%
11.79%
11.84%
-5.80
     
13-Jun-12
12-Jun-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
928.44
933.27
-4.82

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.57
11.72
11.79
11.88
Offer
12.07
11.97
12.04
12.38

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.90
11.70
11.80
11.80
11.90
12.00
Low  
10.50
11.40
11.60
11.70
11.75
11.80

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
95.90
120.20
1.21
149.00
26.15
0.94
0.74

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.86
11.92
11.96
Last Cut Off.
11.92
11.94
11.95
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
13.04
13.00
13.00
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
1.49
1.61
1.75
2.95
8.29
13.29
Change bps
0.00
7.00
-4.00
5.00
-8.00
-0.20
0.00

Commodities

     
13-Jun-12
14-Jun-12
change
WTI (USD/bbl)    
82.90
82.85
-0.06%
     
Brent (USD/bbl)    
97.08
97.26
-0.54%
     
Arab Light (USD/bbl)    
96.71
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
48,857.00
48,857.00
0.00%
Rice IRRI -6(Rs/100kg)
3,502.00
3,503.00
-0.03%
KCA Cotton (Rs/mound)
5,700.00
5,700.00
0.00%
International
Current
Previous
Change
Coal Spot(USD/ton)
88.85
91.85
-3.27%
Gold Futures(USD/oz)
1,617.05
1,609.80
0.45%
Sugar 11 (USD/lb)
28.82
28.97
-0.52%
Steel (USD/ton)
65.74
654.58
0.03%
Wheat (CBT) (USD/bu)
659.50
616.00
7.06%
PTA (USD/ton)
920.00
1,010.00
-8.91%
Copper (USD/ton)
7,376.00
7,381.00
-0.07%

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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.