BasedLine

Date: 20-June-2012
KSE-100 Index
Previous Index 13,682.99
Current Index 13,754.13
Change % -0.52%
YTD (CY12) 20.58%
YTD (FY12) 9.50%
KSE-100 Index
Previous Index 23,789.98
Current Index 23,705.78
Change % -0.35%
YTD (CY12) 17.72%
YTD (FY12) 13.23%
International Indicators
 
Close
%age
BSE-30 16,859.80 0.92
HANGSENG 19,416.67 0.06
NIKKEI 225 8,655.87 0.75
FTSE 5,586.31 1.73
DJIA 12,837.33 0.75
SSEC 2,305.14 -0.47
NASDAQ 2,297.88 -0.13
 
Close
%age
TASI 6,817.26 0.14
KSE(Kuwait) 5,945.08 -0.06
BSE 1,128.70 -0.14
MSM 5,700.24 -0.15
ADX 2,467.97 0.32
DFM 1,479.20 0.38
QSE 8,314.00 0.45
Capital Market Overview

Market watch: Bourse drops as investors adopts cautious approach

The stock market took a dip on Tuesday as investors either stayed away or took a cautious approach as all eyes were on the Supreme Court proceedings. more... (ET)

NAVs and Returns
as of Jun 19, 2012
Funds Offer Redemption
POGSF
10.20/-
10.20/-
YTD Return
10.46%
POAIIF
52.5179/-
51.9927/-
YTD Return
10.94%
POAAAF
51.46/-
50.17/-
YTD Return
-0.69%
POIAAF
59.74/-
58.25/-
YTD Return
11.48%
POAF
11.38/-
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
35.63
3,207
60.76
2.45
20.58%
KSE30
6.95
626
27.65
1.78
16.44%
KMI30
5.09
458
18.94
1.16
17.72%
KSE All
38.69
3,482
75.99
2.55
22.68%
Jun 19, 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
163.25
122.63
-18.09%
OGDC
17.50
153.81
165.08
0.54%
UBL
1.80
78.50
42.45
26.80%
LUCK
1.70
114.69
40.09
61.90%
June 19, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
7.14
-25.42
-18.28
Foreign Corporates
2,585.56
-2,210.60
374.96
Overseas Pakistani
163.37
-143.96
19.41
Grand Total
2,756.07
-2,379.98
376.09
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
18-Jun-12
19-Jun-12
Change
Gross Buy
464.06
23.53%
25.84
-64.54%
2.33
2.76
18.29%
Gross Sell
-485.94
58.35%
-124.84
-23.42%
-4.67
-2.38
49.04%
Net Buy/(Sell)
-21.76
-130.23%
-98.88
9.83%
-2.33
0.38
116.14%
S.C.R.A
Country
During the Period FY12TD
18-06-2012
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
2.06
-
-
7.39
-
-
-5.33
-
-
-
Luxembourg
50.84
-
-
33.00
-
-
-21.53
-
0.50
-0.50
Switzerland
42.88
1.00
-
41.41
1.37
-
1.10
-
-
-
UAE
7.88
0.52
-
5.02
4.46
-
-1.60
-
-
-
UK
109.11
18.13
-
180.84
17.91
3.47
-79.71
-
2.82
-2.84
USA
185.21
-
-
316.73
-
19.06
-150.58
0.21
0.64
-0.43
Total
515.45
22.33
-
714.77
35.59
29.22
-242.39
0.21
5.72
-5.53



News Clippings
Economy

The nightmare of budget invalidation deemed unlikely

Nobody expects the court would be so reckless as to invalidate the passage of the federal budget. Because if they are, they will unleash an economic nightmare. more... (ET)

AGP report 2010-11: Internal control weaknesses in FBR exposed

Auditor General of Pakistan (AGP) has unearthed a number of internal control weaknesses in the working of the Federal Board of Revenue including non-reconciliation and misclassification of tax figures, blockage of revenue due to insufficient recovery and delay in disposal of appeals, et.. more... (BR)

Public debt to GDP ratio may reach 59pc

Pakistan’s public debt to GDP ratio, one of the economic indicators that show health of an economy, is expected to reach 59.3 per cent by the end of June 2012.more... (D)

Rs110bn gap in Rs714bn revenue target

The Large Taxpayers Unit (LTU) Karachi is faced with an uphill task of collecting a huge amount of Rs110 billion during the next 10 days to meet its revenue target fixed by the Federal Board of Revenue (FBR) at Rs714 billion for the current fiscal year.
more... (D)

Company & Sector Update

Textile exports to grow at higher pace during 2012-13

The textile sector of the country is expected to grow at higher pace during the year 2012-13 mainly due to concessions given by the World Trade Organization (WTO) to Pakistani textile products

more.. (BR)

Restaurant chain: Fatburger decides to taste the local market

The fast-food and restaurant market in Pakistan has reached a threshold where it may be recognised as a driving force for new investments. The billion dollar market of Pakistan isn’t only seeing growth of local food outlets but also attracting international food chains. more... (ET)

Farm loans rise by 13pc

State Bank said on Tuesday that agricultural credit disbursement by banks surged by 13.1 per cent on year-on-year basis to Rs255 billion in the first 11 months (July-May) of the current fiscal year (2011-12).more... (D)

Tea prices reduced

Unilever Pakistan, manufacturers of Lipton, Brooke Bond, Pearl Dust and A1, announced reduction of more than Rs50 per kg in the price of black tea following cut in sales tax to five from 16 per cent in the budget. more... (D)

Political

Opposition celebrates PM’s disqualification

Many lawyers, members of civil society and opposition parties, particularly the Pakistan Tehreek-e-Insaf and the Pakistan Muslim League-Nawaz had a reason to celebrate on Tuesday. more... (ET)

PM disqualification: US hopes Pakistan will resolve crisis

The United States expressed hope on Tuesday that Pakistan’s latest political crisis would be resolved in accordance with the country’s constitution amid a showdown between the judiciary and government. more... (ET)

PPP to continue role for stability of democratic system: Mukhtar

Senior leader of Pakistan People’s Party (PPP), Chaudhry Ahmed Mukhtar on Tuesday said his party would continue its constitutional and democratic role for continuity and stability of democratic system. more... (D)

Pakistan, India to find amicable solution to Sir Creek

Pakistan and India have reiterated their desire to find an amicable solution to the Sir Creek issue through sustained and result-oriented dialogue process. more... (D)

GCC

Enoc secures $100m financing

Horizon Terminals Ltd (HTL), the wholly-owned subsidiary of Emirates National Oil Company ( Enoc ) focused on terminalling operations, has signed a 10-year Islamic term financing facility of $100 million with Standard Chartered Bank, Emirates NBD and Noor Islamic Bank. more... (Zawaya)

QP main host of IPTC Doha in 2014

Qatar Petroleum will be the main host of the 7th International Petroleum Technology Conference (IPTC) that will be held in Doha from January 20 to 22, 2014.
.more... (Gulf Base)

Qatar shares extend gains to 2nd day

The Qatar Exchange strengthened for the second day yesterday even as the global index compiler MSCI is set to decide tonight whether the bourse should be upgraded to a higher tier ‘emerging market’ or not. more. (Gulf Base)

Iraq to offer Kirkuk refinery for BOO bidding by end-2012

"Feasibility studies are ongoing with two Italian and American advisers," said Salar Ameen, deputy chairman of the Iraqi National Investment Commission. more... (Zawya)

 

Quote of the Day:

" Yesterday is history, tomorrow is a mystery, today is a gift of God, which is why we call it the present" Bil Keane

 

 

 

 




 
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-May 12)
$-3.77bn
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
19-Jun-12
18-Jun-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.039
0.02%
11.81%
11.81%
-0.40
     
19-Jun-12
18-Jun-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
930.72
935.23
-4.51

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.57
11.72
11.78
11.88
Offer
12.07
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
11.80
11.80
11.85
11.90
12.00
Low  
11.75
11.70
11.70
11.75
11.75
11.80

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
95.15
120.20
1.20
149.80
26.00
0.74
0.93

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.91
11.94
11.96
Last Cut Off.
11.92
11.94
11.95
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
13.00
12.97
12.97
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
0.82
1.53
1.61
1.72
3.07
8.11
13.27
Change bps
0.00
9.00
4.00
6.00
9.00
-5.60
0.00

Commodities

     
19-Jun-12
20-Jun-12
change
WTI (USD/bbl)    
83.20
83.90
0.80%
     
Brent (USD/bbl)    
96.16
95.76
-0.42%
     
Arab Light (USD/bbl)    
96.15
96.21
0.06%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
99.69
105.77
-5.75%
Furnace Oil (Rs/ton)
73,062.60
76,360.48
-4.32%
Cement (Rs. Bag Avg)
440.63
439.38
0.28%
Urea Fertilizer (Rs/bag)
1,686.67
1,686.25
0.02%
Gold 24cr (Rs./10gm) Khi
50,681.41
51,127.11
-0.87%
Rice IRRI -6(Rs/100kg)
3,552.00
3,528.00
0.68%
KCA Cotton (Rs/mound)
5,900.00
5,800.00
1.72%
International
Current
Previous
Change
Coal Spot(USD/ton)
83.75
91.85
-8.82%
Gold Futures(USD/oz)
1,620.70
1,629.00
-0.51%
Sugar 11 (USD/lb)
20.79
19.90
4.47%
Steel (USD/ton)
654.48
654.35
0.02%
Wheat (CBT) (USD/bu)
693.50
672.50
3.12%
PTA (USD/ton)
935.00
1,010.00
-7.43%
Copper (USD/ton)
7,599.50
7,498.25
1.35%

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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.