BasedLine

Date: 15-June-2012
KSE-100 Index
Previous Index 13,368.89
Current Index 13,656.20
Change % 2.15%
YTD (CY12) 20.34%
YTD (FY12) 9.28%
KSE-100 Index
Previous Index 23,157.60
Current Index 23,636.51
Change % 2.70%
YTD (CY12) 17.37%
YTD (FY12) 12.90%
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
10.1875/-
10.1875/-
YTD Return
10.49%
POAIIF
52.4584/-
51.9338/-
YTD Return
10.98%
POAAAF
51.34/-
50.06/-
YTD Return
-0.91%
POIAAF
59.38/-
57.90/-
YTD Return
10.81%
POAF
11.37/-
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
35.57
3,202
91.29
4.14
20.34%
KSE30
6.92
623
64.86
3.56
15.93%
KMI30
5.07
456
49.02
2.67
17.37%
KSE All
38.13
3,431
114.33
4.30
22.42%
Jun 13 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
162.75
122.79
-18.34%
OGDC
17.50
151.54
165.29
-0.95%
UBL
1.80
61.91
42.50
25.60%
LUCK
1.70
70.84
40.14
66.64%
June 13, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
2.44
-430.24
-427.80
Foreign Corporates
1,350.23
-8,225.15
-6,874.94
Overseas Pakistani
266.30
-348.23
-81.92
Grand Total
1,618.98
-9,003.62
-7,384.64
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
13-Jun-12
14-Jun-12
Change
Gross Buy
457.02
23.21%
18.80
-79.47%
2.39
1.62
-32.27%
Gross Sell
-474.55
57.09%
-113.45
122.58%
-3.18
-9.00
182.97%
Net Buy/(Sell)
-17.53
-124.33%
-94.65
-333.08%
-0.79
-7.38
832.97%
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

'Trade links between Pakistan and the UK should rise,' British Deputy High Commissioner

Francis Martin-Xavier Campbell is a British diplomat, currently serving as the Deputy High Commissioner to Pakistan. Having joined the British Diplomatic Service in 1997, he has been posted to the European Enlargement Unit of the Foreign and Commonwealth Office and the United Nations.. more... (BR)

Comment: ‘The 1 rupee coin is worth more than 1 rupee’

A rumour has taken hold that the old 1 rupee coin is worth substantially more than the 1 rupee face value due to its metal content. What amuses me about the story is that it is, in fact, true that the coins are worth higher than face value: but for very different reasons than those that are floating around. Indeed, I can see a plausible explanation for how the whole rumour started.more... (ET)

SBP to buy govt paper in reverse

State Bank of Pakistan (SBP) said it would buy government paper from commercial banks on Friday in a seven-day reverse repo to inject funds into the money market. more... (BR)

Foreign exchange reserves decline

Pakistan’s foreign exchange reserves fell to $15.417 billion in the week ending June 8 from $15.536 billion in the previous week, the central bank said on Thursday.
more... (BR)

Company & Sector Update

Car imports to triple in fiscal 2012

Car imports have almost tripled in the current financial year amid massive jump in local assembled prices. Import data shows that 51,895 units have been imported during July 2011 to May 2012, showing a phenomenal increase from last year’s approximately 20,000 units.
more.. (ET)

Sold!: Classified websites make a perfect landing in Pakistan

In a strong sign that Pakistani consumers – usually slow to adopt new technologies – have increased the use of internet for selling and purchasing of goods, free classifieds websites are increasing and growing manifolds in the country.
more... (ET)

Banks told to process cases of sugar export

The State Bank on Thursday advised all authorised dealers in foreign exchange (Banks) to process the cases of sugar export. A circular in this regard was issued on Thursday to the heads and principal offices of all authorised dealers in foreign exchange operating in Pakistan. more... (D)

JS Bank joins queue to buy HSBC

JS Bank has entered as a third contender aiming to buy Hong Kong and Shanghai Bank (HSBC) Pakistan operation, after it succeeded in getting permission from the State Bank to carry out due diligence, banking sources said on Thursday. more... (D)

Political

Pakistan foreign minister urges unity in terror fight

Foreign Minister Hina Rabbani Khar Thursday accused governments of doing a "terrible job" at working together to tackle militancy in Afghanistan as she called for a more unified approach. more... (BR)

Pakistan insists on apology

Pakistan on Thursday called again for an apology for a Nato strike that killed two dozen of its soldiers last year before it considers reopening supply routes to foreign troops in Afghanistan. more... (D)


Parliamentarians call on PM

Farkhanda Amjad Warraich, MNA from Toba Taek Singh and Muhammad Ashraf Sohna, MPA from Okara called on Prime Minister Syed Yusuf Raza Gilani at his Parliament House Chamber on Thursday . more... (BR)

‘SC disposes of suo-motu case about Arsalan Iftikhar

A two-member bench on Thursday disposed of suo motu case regarding Dr Arsalan and ordered Attorney General for Pakistan Irfan Qadir to take action against Malik Riaz Hussain, Dr. Arsalan, Salman Ali Khan etc. according to law who might have committed any illegal acts..more... (BR)

GCC

Abu Dhabi's IPIC Lost $3.42B In Value On Daimler, Unicredit Stakes

The International Petroleum Investment Company , or IPIC , an Abu Dhabi government-owned vehicle, said Thursday it took fair-value losses of $3.42 billion last year on investments in German car maker Daimler and Italy's Unicredit. more... (Zawya)

Oil rises as OPEC leaves output target unchanged

Oil rose in Asian trade Friday after OPEC kept to its crude output quotas and vowed to eliminate overproduction, analysts said. more... (Zawya)

Dubai shares fall on bets UAE may miss upgrade

Dubai stocks headed for the lowest in a week on bets the United Arab Emirates will miss an upgrade to emerging market status at MSCI Inc. and after Spain's rating cut fueled concern the global economy is slowing. more. (Gulf News)

Airline launches direct daily flights to Ho Chi Minh city

Emirates airline has expanded this week its global network by adding the Vietnamese business hub city of Ho Chi Minh to its routes and became the first Arab airline to have a daily non-stop flights to the Far Eastern city. more... (Gulf News)

 

Quote of the Day:

" And no, we don't know where it will lead. We just know there's something much bigger than any of us here. " Steve Jobs

 

 

 

 




 
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
14-Jun-12
13-Jun-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.108
0.4%
11.78%
11.79%
-1.00
     
14-Jun-12
13-Jun-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
931.17
928.44
2.73

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  
11.25
11.65
11.80
11.85
11.90
12.00
Low  
9.10
11.50
11.65
11.75
11.75
11.80

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
95.95
120.30
1.28
149.30
26.20
0.94
0.74

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.87
11.93
11.96
Last Cut Off.
11.92
11.94
11.95
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
13.02
12.99
13.00
13.12
10 Y-PIB
13.29
13.27
13.29
13.38

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.86
1.49
1.63
1.73
3.00
8.04
13.27
Change bps
0.00
0.00
2.00
-2.00
5.00
-25.10
-2.00

Commodities

     
14-Jun-12
15-Jun-12
change
WTI (USD/bbl)    
82.85
84.60
2.10%
     
Brent (USD/bbl)    
97.26
98.02
0.78%
     
Arab Light (USD/bbl)    
96.68
96.51
-0.86%

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
49,971.00
48,857.00
2.28%
Rice IRRI -6(Rs/100kg)
3,526.00
3,502.00
0.69%
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)
1,626.00
1,619.20
0.40%
Sugar 11 (USD/lb)
19.51
19.68
-0.86%
Steel (USD/ton)
654.11
654.74
0.10%
Wheat (CBT) (USD/bu)
666.50
659.50
1.06%
PTA (USD/ton)
920.00
1,010.00
-8.91%
Copper (USD/ton)
7,405.00
7,376.00
0.40%

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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.