BasedLine

Date: 18-June-2012
KSE-100 Index
Previous Index 13,656.20
Current Index 13,665.80
Change % 0.07%
YTD (CY12) 20.43%
YTD (FY12) 9.36%
KSE-100 Index
Previous Index 23,636.51
Current Index 23,608.29
Change % -0.12%
YTD (CY12) 17.23%
YTD (FY12) 12.76%
International Indicators
 
Close
%age
BSE-30 16,949.83 1.63
HANGSENG 19,233.90 2.22
NIKKEI 225 8,589.32 0.01
FTSE 5,478.81 0.22
DJIA 12,767.20 0.91
SSEC 2,322.86 0.69
NASDAQ 2,872.80 -0.86
 
Close
%age
TASI 6,754.23 0.44
KSE(Kuwait) 5,907.73 -1.10
BSE 1,131.75 0.14
MSM 5,708.94 -0.03
ADX 2,446.42 -0.07
DFM 1,463.73 -0.96
QSE 8,251.23 -0.01
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 15, 2012
Funds Offer Redemption
POGSF
10.1899/-
10.1899/-
YTD Return
10.48%
POAIIF
52.4704/-
51.9457/-
YTD Return
10.97%
POAAAF
51.31/-
50.06/-
YTD Return
-0.97%
POIAAF
59.42/-
57.93/-
YTD Return
10.87%
POAF
11.37/-
YTD Return
10.55%
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
35.60
3,204
75.78
3.57
20.43%
KSE30
6.91
622
45.34
2.95
15.80%
KMI30
5.07
456
31.37
1.93
17.23%
KSE All
38.66
3,480
109.14
3.79
22.57%
Jun 15, 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
160.88
122.63
-19.28%
OGDC
17.50
151.48
165.08
-0.99%
UBL
1.80
78.51
42.45
26.81%
LUCK
1.70
117.07
40.09
65.26%
June 15, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
28.69
-10.66
18.02
Foreign Corporates
1,7100.48
-3,911.28
-2,200.80
Overseas Pakistani
213.70
-423.41
-209.72
Grand Total
1,952.86
-4,345.36
-2,392.50
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
14-Jun-12
15-Jun-12
Change
Gross Buy
458.97
22.18%
20.76
-71.27%
2.39
1.95
-18.30%
Gross Sell
-478.90
56.05%
-117.80
-28.95%
-3.18
-4.35
-36.57%
Net Buy/(Sell)
-19.92
-127.68%
-97.04
-3.72%
-0.79
-2.39
-202.27%
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

Domestic debt: Interest payments rose to Rs649.9bn in FY2011

A report compiled by the Auditor General of Pakistan (AGP) revealed that interest payments on domestic debt have risen to Rs 649.9 billion in the financial year 2011 as compared to Rs 577.7 billion in the previous year.more... (BR)

Salaried class: FBR increases number of tax slabs to six

The Federal Board of Revenue (FBR) has increased the number of tax slabs from five to six for the salaried class through amended Finance Bill (2012-2013) on the conscious policy decision of the government for provision of minimum tax relief to persons in the highest brackets of taxable income that is Rs 2,500,000 and above..more... (BR)

Power demand-supply gap widens to 8,500MW

The power demand-supply gap widened on Sunday to 8,500 megawatt as power generation at hydel, thermal and IPP units dropped to the lowest level in June. more... (BR)

A simple solution to Pakistan’s economic conundrum

An emerging economy, by definition, has the potential to grow more significantly than a developed economy. If Pakistan is one, then, logically speaking, all our efforts should push for a proper policy framework that will help us realise this underlying growth potential.
more... (ET)

Company & Sector Update

Prices move both ways on commodities' market

Shortened by one day on strike call by harassed businessmen trading experienced measured going, buying in mainly Ramazan related commodities during the past week. more.. (BR)

Govt buying electricity at Rs25 selling at Rs9 per unit: Kaira

Federal Minister for Information and Broadcasting Qamar Zaman Kaira said the government was buying electricity at Rs25 per unit from power producers but providing to the public at Rs9 per unit. more... (ET)

NBP to provide training, advisory services on model farms

The National Bank of Pakistan, Staff College Peshawar has embarked upon a programme of spot training and advisory services for farmers on the agriculture model farms to be irrigated through solar tube wells. more... (BR)

Textile sector deeply worried over shortage of gas supply

Worries of textile industry are on the rise with every passing day, as all its efforts to get rid of energy crisis are proving futile amidst unfavourable political situation of the country. more... (BR)

Political

Resolution of issues between Pakistan, India to usher progress

Federal Minister for Defence Syed Naveed Qamar has said that if the issues pending resolution between Pakistan and India were addressed economic progress will usher in the region.more... (BR)

SC resumes hearing in Speaker ruling case

A three-member bench, comprising Chief Justice Iftikhar Mohammad Chaudhry, Justice Jawwad S. Khawaja and Justice Khilji Arif Hussain was hearing a set of constitutional petitions challenging the NA Speaker’s ruling over the reference against Prime Minister Yousuf Raza Gilani.more... (D)

Sindh Governor condoles demise of MNA Fauzia Wahab

Sindh Governor, Dr. Ishrat ul Ebad Khan, has expressed deep sorrow and grief over the demise of leader of Pakistan Peoples Party (PPP) and MNA Fauzia Wahab. more... (BR)

NATO supply routes: K-P governor warns of isolation

A top government functionary dropped the clearest hint yet on Sunday that Pakistan may reopen Nato supply routes for US-led foreign forces stationed in Afghanistan. more... (ET)

GCC

Abu Dhabi’s Habshan 5 gas project 90 per cent complete

Abu Dhabi Gas Industries Ltd (Gasco) announced that 90 per cent of work on the Habshan 5 gas processing plant project was completed in May 2012. The announcement was published on Sunday in a Gasco magazine. more... (Gulf News)

Stocks fluctuate in a wide range

Saudi stocks appeared to be a little volatile yesterday as trading range of Tadawul index expanded over 250 points. The volume increased dramatically as more and more traders got nervous about the decline of stocks. more... (Zawya)

GCC current account surplus at $322bn in 2011

Gulf hydrocarbon producers basked in a massive current account surplus of nearly $322 billion in 2011 because of a sharp rise in their oil exports due to strong crude prices, according to a bank study. more. (Zawya)

Dubai property boost: Emaar to announce new townhouse project in Arabian Ranches

The project will have two and three-bed townhouses, with the likelihood of the current owners of Arabian Ranches being given the first option to buy these properties, market sources said.more... (Zawya)

 

Quote of the Day:

" The conventional definition of management is getting work done through people, but real management is developing people through work." Agha Hasan Abedi

 

 

 

 




 
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
15-Jun-12
14-Jun-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
85.977
-0.15%
11.83%
11.78%
5.10
     
15-Jun-12
14-Jun-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
936.22
931.17
5.05

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.49
11.72
11.78
11.88
Offer
11.99
11.97
12.03
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
11.80
11.85
11.90
12.00
Low  
11.50
11.60
11.65
11.75
11.75
11.80

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
96.20
121.90
1.30
150.40
26.20
0.94
0.74

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.88
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
12.99
13.12
10 Y-PIB
13.29
13.27
13.27
13.38

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.84
1.44
1.63
1.67
3.08
8.05
13.27
Change bps
-2.00
-5.00
2.00
-6.00
8.00
1.10
0.00

Commodities

     
15-Jun-12
18-Jun-12
change
WTI (USD/bbl)    
83.50
84.82
1.58%
     
Brent (USD/bbl)    
97.08
98.47
1.43%
     
Arab Light (USD/bbl)    
96.71
97.76
1.09%

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
49,842.00
49,971.00
-0..26%
Rice IRRI -6(Rs/100kg)
3,502.00
3,526.00
-0.68%
KCA Cotton (Rs/mound)
5,800.00
5,700.00
1.75%
International
Current
Previous
Change
Coal Spot(USD/ton)
88.85
91.85
-3.27%
Gold Futures(USD/oz)
1,624.00
1,630.00
-0.33%
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.