BasedLine

Date: 21-June-2012
KSE-100 Index
Previous Index 13,682.99
Current Index 13,667.18
Change % -0.12%
YTD (CY12) 20.44%
YTD (FY12) 9.37%
KSE-100 Index
Previous Index 23,705.78
Current Index 23,667.83
Change % -0.16%
YTD (CY12) 17.53%
YTD (FY12) 13.05%
International Indicators
 
Close
%age
BSE-30 16,896.63 0.22
HANGSENG 19,518.85 0.53
NIKKEI 225 8,752.31 1.11
FTSE 5,622.29 0.64
DJIA 12,824.39 0.10
SSEC 2,257.38 -1.55
NASDAQ 2,930.45 0.02
 
Close
%age
TASI 6,838.05 0.30
KSE(Kuwait) 5,916.73 -0.48
BSE 1,129.23 0.05
MSM 5,689.59 -0.19
ADX 2,489.55 0.87
DFM 1,476.57 -0.18
QSE 8,307.00 -0.08
Capital Market Overview

Market Watch: Investors stay away after Gilani’s ouster

The stock market crawled up on painfully low volumes as investors opted to walk away instead getting caught up in the widely expected panic selling after the premier’s ouster a day earlier.The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.12 per cent or 15.81 points to end at 13,667.18 point level. more... (ET)

NAVs and Returns
as of Jun 20, 2012
Funds Offer Redemption
POGSF
10.2024/-
10.2024/-
YTD Return
10.46%
POAIIF
52.5297/-
52.0044/-
YTD Return
10.93%
POAAAF
51.38/-
50.10/-
YTD Return
-0.83%
POIAAF
59.74/-
58.25/-
YTD Return
11.43%
POAF
11.39/-
YTD Return
10.54%
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
37.17
1.67
20.44%
KSE30
6.94
625
23.92
1.36
16.27%
KMI30
5.08
457
17.45
0.95
17.53%
KSE All
38.69
3,482
75.99
2.55
22.68%
Jun 20, 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
163.55
122.63
-17.94%
OGDC
17.50
152.40
165.08
-0.39%
UBL
1.80
78.49
42.45
26.78%
LUCK
1.70
114.65
40.09
61.84%
June 20, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
8.98
-12.65
-3.67
Foreign Corporates
664.16
-2,767.93
-2,103.77
Overseas Pakistani
123.20
-145.07
-21.88
Grand Total
796.34
-2,925.66
-2,129.32
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
19-Jun-12
20-Jun-12
Change
Gross Buy
464.85
22.98%
26.64
-63.84%
2.76
0.80
-71.11%
Gross Sell
-488.87
58.21%
-127.77
-23.01%
-2.38
-2.93
-22.93%
Net Buy/(Sell)
-23.78
-132.93%
-100.90
9.61%
0.38
-2.13
-666.17%
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

SECP required to surrender surplus funds to FCF

The federal government has made it mandatory for the Securities and Exchange Commission of Pakistan (SECP) to surrender its surplus funds to the Federal Consolidated Fund (FCF). more... (BR)

Inadmissible input tax adjustments: FBR amnesty scheme fails to deliver

Leading tax experts of Karachi have contested that the amnesty scheme announced by the Federal Board of Revenue (FBR) vide notification 563(I)/2012 has failed to attract a large number of persons involved in claiming inadmissible input tax adjustments. more... (BR)

SBP Governor rolls out Microfinance Credit Information Bureau

State Bank of Pakistan (SBP) Governor Yaseen Anwar has said that Microfinance-exclusive Credit Information Bureau (MF-CIB) will help microfinance banks (MFBs) and microfinance institutions (MFIs) in developing robust risk management systems and practices.more... (ET)

Import bill increases

Pakistan’s import bill of oil and eatables increased by over 22pc in the first 11 months of the current fiscal year over the last year because of high domestic consumption and surge in oil prices in the international market. more... (ET)

Company & Sector Update

PSO, Parco sign accord

Pakistan State Oil (PSO) and Pak Arab Refinery Limited (Parco) have signed an agreement whereby the latter will provide POL products to the former from its mid-country refinery. more.. (D)

Engro blames rival for gas supply disruptions

Engro Corporation President and CEO Muhammad Aliuddin Ansari has said that vested interests within the fertiliser industry are behind the continuous gas disruptions that Enven, which is the company’s flagship fertiliser plant, has been facing since its inception in January 2011.more... (ET)

Clean credit card limit hiked

The State Bank on Wednesday allowed banks and development finance institutions (DFIs) to assign clean credit card and personal loan limits up to a maximum of Rs5 million with a sub-limit of Rs2 million on clean personal loans to their “prime customers”. more... (D)

Air-conditioners, refrigerators production increase

The Production of Air-conditioners and refrigerators increased by 5.39 percent and 8.09 percent respectively during the first ten months of the ongoing fiscal year (2011-12) as compared to the corresponding period of last year.. more... (BR)

Political

President Zardari nominates textiles minister Makhdoom Shahbuddin for PM

President Asif Ali Zardari has nominated textile industry minister Makhdoom Shahabuddin as the new prime minister, state television reported on Thursday.more... (BR)

Senators urge US to apologise for Salala attack

Concluding a two-day session on Wednesday, the Senate Standing Committee on Foreign Affairs, Kashmir Affairs and Gilgit-Baltistan said that by demanding one-sided steps from Pakistan, the US cannot get desired results in the region, especially following the Salala incident.more... (ET)

Arsalan/Riaz case: NAB chairman to head broad-based inquiry team

The National Accountability Bureau (NAB) has decided to constitute a Joint Investigation Team (JIT) to probe the Arslan Iftikhar-Malik Riaz case after it received a letter from Attorney General for Pakistan (AGP). more... (BR)

Benazir Bhutto’s 59th birth anniversary today

The 59th anniversary of former premier and the late Pakistan Peoples Party chairperson, Benazir Bhutto, will be observed today.more... (BR)

GCC

Taqa to build 100 MW plant

Abu Dhabi National Energy Company ( Taqa ) and The Centre of Waste Management Abu Dhabi (CWM) have signed a Memorandum of Understanding for the development of 100mw Waste to Energy facility in Abu Dhabi by 2015-16. more... (Zawaya)

Middle East's US$6.8 billion investment in solar power creates new industry platform in Dubai

Dubai, 20 June, 2012: The Middle East's lead role in the growth of the solar power industry will be underlined by a new event in the UAE, creating major opportunities for manufacturers and suppliers worldwide to capitalise on heavy investment by regional governments.more... (Zawaya)

Ejari-registered leases mandatory for renewing commercial licenses in Dubai

TLease contracts registered with Ejari, the official online registration system in Dubai, will be mandatory for renewing, amending and receiving commercial licenses issued by Dubai Economic Development Department (DED). more. (Zawaya)

Boubyan Bank backs $2.1 billion NBK offer

National Bank of Kuwait (NBK) moved a step closer to a takeover of Kuwait's Boubyan Bank on Wednesday, but a disputed stake held by another bank remains an obstacle to the 2.1 billion US dollars deal.
more... (Gulf Base)

 

Quote of the Day:

" A man should look for what is, and not for what he thinks should be." Albert Einstein

 

 

 

 




 
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
20-Jun-12
19-Jun-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.056
0.02%
11.81%
11.81%
0.30
     
20-Jun-12
19-Jun-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
924.28
930.72
11.56

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.58
11.72
11.78
11.88
Offer
12.08
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  
11.90
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
95.30
120.50
1.20
150.00
26.10
0.93
0.74

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
0.83
1.61
1.63
1.77
3.12
8.11
13.27
Change bps
1.00
8.00
2.00
5.00
5.00
0.20
0.00

Commodities

     
20-Jun-12
21-Jun-12
change
WTI (USD/bbl)    
83.90
80.40
-4.20%
     
Brent (USD/bbl)    
95.76
92.27
-3.64%
     
Arab Light (USD/bbl)    
96.21
93.39
-2.93%

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
50,187.71
50,681.41
-0.97%
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)
1,603.00
1,620.70
-1.10%
Sugar 11 (USD/lb)
20.97
20.79
0.87%
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.