BasedLine

Date: 22-June-2012
KSE-100 Index
Previous Index 13,667.18
Current Index 13,600.60
Change % -0.49%
YTD (CY12) 19.85%
YTD (FY12) 8.84%
KSE-100 Index
Previous Index 23,667.83
Current Index 23,528.83
Change % -0.59%
YTD (CY12) 16.84%
YTD (FY12) 12.38%
International Indicators
 
Close
%age
BSE-30 17,032.56 0.80
HANGSENG 19,265.07 -1.30
NIKKEI 225 8,824.07 0.82
FTSE 5,566.36 -0.99
DJIA 12,573.57 -1.96
SSEC 2,257.38 -1.55
NASDAQ 2,260.88 -1.40
 
Close
%age
TASI 6,838.05 0.30
KSE(Kuwait) 5,901.57 -0.26
BSE 1,128.10 -0.09
MSM 5,665.66 -0.42
ADX 2,508.59 0.76
DFM 1,470.45 -0.41
QSE 8,253.46 -0.65
Capital Market Overview

Market watch: Stock market falls in dismal session

Low participation and depressed activity continued on Thursday amid political uncertainty. The Karachi Stock Exchange’s (KSE) benchmark 100-share index dropped 0.49 per cent or 66.58 points to end at the 13,600.60 point level. more... (ET)

NAVs and Returns
as of Jun 21, 2012
Funds Offer Redemption
POGSF
10.2049/-
10.2049/-
YTD Return
10.45%
POAIIF
52.5414/-
52.0160/-
YTD Return
10.92%
POAAAF
51.26/-
49.98/-
YTD Return
-1.07%
POIAAF
59.65/-
58.16/-
YTD Return
11.31%
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
35.42
3,188
44.86
2.12
19.85%
KSE30
6.89
620
29.52
1.72
15.40%
KMI30
5.05
454
22.20
1.27
16.84%
KSE All
37.98
3,418
57.16
2.20
21.91%
Jun 21, 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
161.20
122.63
-19.12%
OGDC
15.60
152.84
147.15
-0.10%
UBL
1.80
78.00
42.45
25.99%
LUCK
1.70
113.18
40.09
59.77%
June 21, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
4.54
-1.56
2.98
Foreign Corporates
2,637.62
-4,620.00
-1,982.38
Overseas Pakistani
233.21
-79.30
153.91
Grand Total
2,875.37
-4,700.85
-1,825.48
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
20-Jun-12
21-Jun-12
Change
Gross Buy
467.73
22.91%
29.51
-61.44%
0.80
2.88
261.07%
Gross Sell
-493.57
57.72%
-132.47
-22.37%
-2.93
-4.70
-60.68%
Net Buy/(Sell)
-25.57
-136.04%
-102.62
9.44%
-2.13
-1.83
14.27%
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

MSCI maintains Pakistan's position

MSCI, a leading provider of investment decision support tools world-wide, has announced the results of the June 2012 Annual Index Review for MSCI Equity Indices with no major change for Pakistan. more... (BR)

$437m taken out from SBP in 7 days

Around $450 million drained out from the State Bank’s reserves within a week despite the fact that no extra-ordinary payments were made.more... (D)

Thai investors to enter JVs in cool chains, food processing

Karachi Chamber of Commerce and Industry (KCCI) urged the Thai investors to enter into joint ventures in cool chains, food processing and halal food sectors.more... (DT)

Chinese show interest in mining, energy, marble, chemical

Chinese investors are interested to invest in mining, energy, marble, chemical and other potential economic sectors of Pakistan.more... (DT)

Company & Sector Update

SBP to buy govt paper in reverse repos

State Bank of Pakistan (SBP) said it would buy government paper from commercial banks on Friday in seven-day and 14-day reverse repos to inject funds into the money market. more.. (BR)

3pc growth in surgical, sports goods export

Export of non-textile products posted a paltry growth of 3.13 per cent in the first 11 months of the current fiscal year over last year, a move towards exports diversification.more... (D)

5,905 MW power shortfall recorded

The electricity shortfall in the country on Thursday remained 5,905 megawatt (MW) as the total generation was recorded as 12,209 MW against the demand of 18,114 MW during the last 24 hours. more... (D)

PTA launches Tariff Awareness Guide for consumers

Pakistan Telecom-munication Authority (PTA) has issued ‘Tariff Awareness Guide’ for consumers. Continuously increasing multiplicity and complexity of tariff packages and promotions.. more... (DT)

Political

Premiership race: On election day, PPP keeps up the intrigue

Parliament will elect a prime minister today (Friday) – but with the previous frontrunner suffering a setback in the form of a non-bailable arrest warrant. more... (ET)

All decisions after April 26 by Gilani challenged

All decisions taken by the former Prime Minister Yusuf Raza Gilani after April 26, 2012 have been challenged in the Supreme Court..more... (FD)

General elections to be held in eight months, says Zardari

President Asif Ali Zardari discussed the country’s current political crisis at a meeting of the Pakistan People’s Party’s leadership here Wednesday, following the Supreme Court’s verdict disqualifying his prime minister.. more... (D)

PML-Q to get a seat at the top, almost

As a part of its political strategy, the top leadership of the Pakistan Peoples Party (PPP) has decided, in principle, to appoint Chaudhry Pervaiz Elahi as a deputy prime minister in the new federal government set-up, highly placed sources told The Express Tribune.more... (ET)

GCC

GCC’s strongest banks on Forbes list

A new list is out by Forbes Middle East ranking the 75 largest banks in the Arab stock markets, based on their performance during the year ending December 31, 2011. more... (Zawaya)

Tadawul index takes small but positive steps

Saudi stocks hovered in small gains and losses yesterday, almost a repeat of previous day's flat performance which became positive and the day ended in green. more... (Zawaya)

Dh10b pipeline begins oil exports yesterday

The new Dh10 billion Habshan-Fujairah pipeline saw crude oil exports begin yesterday in Abu Dhabi, bypassing the Straits of Hormuz — a politically and economically strategic move for the UAE, experts said.more. (Zawaya)

Dubai bond yields compress as investors return

Dubai’s sovereign bonds have rallied this week, benefiting from good liquidity in the market as well as a rise of investor confidence in the high-flying emirate’s ability to repay debts and sustain growth.
more... (Gulf Base)

 

Quote of the Day:

" A man always has two reasons for doing anything: a good reason and the real reason." J.P. Morgan

 

 

 

 




 
Economic Highlights
Economic Indicators
GDP Growth FY12E
3.60%
GDP -2011
$180 bn
Per Capita Income FY11
$1,254
Population
178.09mn
US$ Reserves (June 14, 2012)
$15.417 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
21-Jun-12
20-Jun-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.056
0.00%
11.82%
11.81%
0.30
     
21-Jun-12
20-Jun-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
979.83
924.28
37.55

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
95.70
121.00
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
1.53
1.62
1.70
3.06
8.06
13.27
Change bps
0.00
-8.00
-1.00
-7.00
-6.00
-5.80
0.00

Commodities

     
21-Jun-12
22-Jun-12
change
WTI (USD/bbl)    
80.40
78.60
-2.23%
     
Brent (USD/bbl)    
92.27
89.87
-2.60%
     
Arab Light (USD/bbl)    
93.39
90.15
-3.47%

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
49,364.88
50,187.71
-1.64%
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)
1,566.40
1,603.30
-2.30%
Sugar 11 (USD/lb)
20.79
20.97
-0.86%
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.