BasedLine

Date: 25-June-2012
KSE-100 Index
Previous Index 13,600.60
Current Index 13,730.82
Change % 0.96%
YTD (CY12) 21.00%
YTD (FY12) 9.88%
KSE-100 Index
Previous Index 23,528.83
Current Index 23,765.10
Change % 1.00%
YTD (CY12) 18.01%
YTD (FY12) 13.51%
International Indicators
 
Close
%age
BSE-30 16,972.51 -0.35
HANGSENG 18,995.13 -1.40
NIKKEI 225 8,798.35 -0.29
FTSE 5,513.69 -0.96
DJIA 12,640.78 0.53
SSEC 2,248.23 -0.56
NASDAQ 2,892.78 1.17
 
Close
%age
TASI 6,745.36 -0.43
KSE(Kuwait) 5,833.96 -1.15
BSE 1,124.09 -0.36
MSM 5,655.99 -0.17
ADX 2,480.84 -1.11
DFM 1,460.74 -0.66
QSE 8,229.80 -0.29
Capital Market Overview

Market Watch: Stock market in recovery mode

The stock market staged a recovery on the last trading session of the week and almost covered for the decline posted in the last three trading sessions. The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.96 per cent or 130.22 points to end at the 13,730.82 point level on Friday after plummeting 153 points for three consecutive days. more... (ET)

NAVs and Returns
as of Jun 22, 2012
Funds Offer Redemption
POGSF
10.2088/-
10.2088/-
YTD Return
10.46%
POAIIF
52.5599/-
52.0343/-
YTD Return
10.93%
POAAAF
51.44/-
50.15/-
YTD Return
-0.73%
POIAAF
59.78/-
58.29/-
YTD Return
11.56%
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
35.76
3,219
57.03
2.83
21.00%
KSE30
6.96
627
36.13
2.17
16.58%
KMI30
5.10
459
24.18
1.79
18.01%
KSE All
38.74
3,487
84.86
2.97
23.08%
Jun 22, 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
161.75
122.63
-18.84%
OGDC
15.60
156.70
147.15
2.42%
UBL
1.80
77.25
42.45
24.78%
LUCK
1.70
114.32
40.09
61.38%
June 22, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
3.08
-5.32
-2.24
Foreign Corporates
1,426.78
-1,993.90
-567.18
Overseas Pakistani
173.92
-249.10
-75.18
Grand Total
1,603.78
-2,248.32
-644.55
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
21-Jun-12
22-Jun-12
Change
Gross Buy
469.33
22.13%
31.12
-55.30%
2.88
1.60
-44.22%
Gross Sell
-495.81
55.44%
-134.72
-19.34%
-4.70
-2.25
52.17%
Net Buy/(Sell)
-26.12
-138.20%
-103.24
6.40%
-1.83
-0.64
64.69%
S.C.R.A
Country
During the Period FY12TD
21-06-2012
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
-
-
19.79
-
-
-14.82
-
0.25
-0.25
Luxembourg
50.84
-
-
33.00
-
-
-21.89
-
-
-
Switzerland
42.88
1.00
-
42.19
1.37
-
0.31
-
-
-
UAE
7.88
0.52
-
5.02
4.46
-
-1.60
-
-
-
UK
110.84
18.13
-
187.84
17.91
3.47
-80.33
1.38
1.05
0.32
USA
185.43
-
-
320.53
-
19.06
-154.15
0.01
0.57
-0.57
Total
517.13
22.33
-
724.82
35.59
29.22
-250.76
1.39
3.11
-1.73



News Clippings
Economy

UN curbs cloud hopes for Iran power deal

Pakistan’s plan to import 1,000 megawatts of electricity from Iran might be thwarted by further UN sanctions and relentless pressure from the United States, senior water and power ministry officials said on Sunday. more... (ET)

Subsidising the poor still remains a dream

Subsidies are considered a form of government intervention in a free market mechanism to offset market imperfections through inducing high level of production or consumption. It also aims to ensure social equity through redistribution of income in society. more... (ET)

PEW for early execution of ADB’s water report

The Pakistan Economy Watch (PEW) on Friday demanded of the government to approve Asian Development Bank’s water report to overcome many problems faced by the country. more... (FD)

Pakistan, China cooperating in space tech

Pakistan and China are actively cooperating in space technology, said Wu Ping, the spokesperson for China Manned Space Engineering Programme, here on Sunday. more... (D)

Company & Sector Update

Govt likely to suspend gas supply to textile industry for 15 days

Despite all the opposition from the owners and workers, the government is likely to cut gas supply to textile industry for at least 15 days anytime from now onwards. more.. (BR)

Entrepreneurs advised to build inventory to overcome devaluation of rupee

The Union of Small and Medium Enterprises (UNISAME) has advised SMEs to build their inventories to overcome the devaluation of the rupee rather than following the practise of buying dollars for temporary gains. more... (FD)

PR forced to buy fuel from local market

Late arrival and departure of trains is a routine but late arrival of a freight train carrying diesel for Pakistan Railways’ Rawalpindi division from Karachi on Sunday forced the administration to buy 10,000 litres of fuel from the open market to continue operations. more... (D)

Shifting patterns: Pakistan’s exports tilting to Asia, away from GCC, US

The Middle East and the United States are decreasing in importance as export markets for Pakistan, as exporters increasingly target countries in South Asia and East Asia.more... (ET)

Political

Zardari issues decree to stop challenges to ex-PM's actions

President Asif Ali Zardari on Sunday issued a decree to prevent actions taken in the past two months by the ex-premier Yousaf Raza Gilani, recently ousted by judges, from being challenged in court. more... (BR)

Rehman Malik protests Afghan militant incursion

Adviser to prime minister on interior affairs, Abdul Rehman Malik on Monday expressed his grievances to Afghanistan over the Afghan militant attack on Pakistani security personnel in Upper Dir area on Sunday, DawnNews reported. more... (D)

The US has not hinted clearly on Nato supply: Qamar

Defence Minister Naveed Qamar said that Pakistan has been receiving mixed indications from the US regarding restoration of Nato supply routes, DawnNews reported. more... (D)

President’s immunity and dual posts challenged in SC

President Asif Ali Zardari’s immunity and dual posts held by him were challenged in the Supreme Court on Monday, DawnNews reported. Advocate Mahmood Akhtar Naqvi has filed a petition against the immunity and dual positions held by the President. more... (D)

GCC

Probe sought into Al-Kharj project delay

The National Anti-Corruption Commission (NACC) has demanded the Ministry of Municipal and Rural Affairs investigate the excessive delay and negligence in implementing the industrial city project in Al-Kharj. more... (Zawaya)

Oil up in Asia on Gulf of Mexico supply disruption

Crude prices rose in Asia on Monday as the onset of Tropical Storm Debby forced oil and gas operators in the Gulf of Mexico to evacuate some platforms and rigs, analysts said. more... (Zawaya)

Depa's Dh900 million Qatar airport contract pulled

Depa has lost its Dh900 million (US$245m) fit-out contract with New Doha International Airport in a blow for the interior design company's international ambitions more. (Gulf Base)

Saudi Arabia Islamic finance assets estimated at $94 billion

A Deloitte Middle East Islamic Finance Knowledge Center (IFKC) report, entitled 'Empowering Risk Intelligence in Islamic Finance', addresses and investigates the important issues in practice and regulation in Islamic Finance in the current market challenges. more... (Gulf Base)

 

Quote of the Day:

" Business is a combination of war and sport." Andre Maurois

 

 

 

 




 
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-Jun 12)
$-16.095bn
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
11.62
11.73
11.79
11.89
Offer
12.12
11.98
12.04
12.39

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
96.10
121.50
1.21
150.70
26.25
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

     
22-Jun-12
25-Jun-12
change
WTI (USD/bbl)    
78.60
80.05
1.82%
     
Brent (USD/bbl)    
89.87
91.18
1.46%
     
Arab Light (USD/bbl)    
90.15
97.87
1.91%

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
49,898.86
49,964.88
1.08%
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)
1,574.40
1,566.40
0.51%
Sugar 11 (USD/lb)
19.75
20.79
-5.00%
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%

Kindly Click here for PDF Version

(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.