BasedLine

Date: 26-June-2012
KSE-100 Index
Previous Index 13,730.82
Current Index 13,642.19
Change % -0.65%
YTD (CY12) 20.22%
YTD (FY12) 9.17%
KSE-100 Index
Previous Index 23,765.10
Current Index 23,596.37
Change % -0.71%
YTD (CY12) 17.18%
YTD (FY12) 12.71%
International Indicators
 
Close
%age
BSE-30 16,882.16 -0.53
HANGSENG 18,897.45 -0.51
NIKKEI 225 8,734.62 -0.72
FTSE 5,450.65 -1.14
DJIA 12,502.56 -1.09
SSEC 2,214.11 -0.45
NASDAQ 2,836.66 -1.09
 
Close
%age
TASI 6,683.34 -0.92
KSE(Kuwait) 5,791.02 -0.74
BSE 1,124.50 0.04
MSM 5,662.91 0.12
ADX 2,487.71 0.28
DFM 1,456.32 -0.30
QSE 8,228.52 -0.02
Capital Market Overview

Market watch: Bourse falls early in session

The stock market faced a huge onslaught in the early hours of trade and fell deep – 90 points – into the red zone amid thin trade. The Karachi Stock Exchange’s (KSE) benchmark 100-share index declined 0.65 per cent or 88.63 points to end at 13,642.19 point level. more... (ET)

NAVs and Returns
as of Jun 25, 2012
Funds Offer Redemption
POGSF
10.2170/-
10.2170/-
YTD Return
10.45%
POAIIF
52.5987/-
52.0727/-
YTD Return
10.91%
POAAAF
51.25/-
49.97/-
YTD Return
-1.09%
POIAAF
59.66/-
58.17/-
YTD Return
11.33%
POAF
11.40/-
YTD Return
10.54%
Funds Rating
AMC
AM3
POAIIF
A+ (f)
POAF
AA-
POAAAF
3 Star
POIAAF
5 Star
  May-12 Apr-12
MoM (%)
AUM's (PKR bn) 367.05 353.78 3.75
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
35.53
3,198
45.67
1.79
20.22%
KSE30
6.91
622
21.69
1.19
15.68%
KMI30
5.06
456
13.38
0.79
17.18%
KSE All
38.61
3,475
56.83
1.86
22.30%
Jun 25, 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
158.58
122.63
-20.43%
OGDC
15.60
156.40
147.44
2.23%
UBL
1.80
77.37
42.53
24.97%
LUCK
1.70
113.20
40.17
59.80%
June 25, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
30.10
-22.22
7.88
Foreign Corporates
606.12
-1,056.02
-449.89
Overseas Pakistani
239.75
-150.87
88.88
Grand Total
875.97
-1,229.11
-353.14
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
22-Jun-12
25-Jun-12
Change
Gross Buy
470.21
22.36%
31.99
-47.21%
1.60
0.88
-45.38%
Gross Sell
-497.04
55.83%
-135.95
-17.49%
-2.25
-1.23
45.33%
Net Buy/(Sell)
-26.45
-138.69%
-103.57
-0.19%
-0.64
-0.35
45.21%
S.C.R.A
Country
During the Period FY12TD
22-06-2012
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
-
-
19.82
9.16
-
-14.85
-
0.03
-0.03
Luxembourg
50.84
-
-
33.00
-
-
-21.97
-
0.07
-0.07
Switzerland
42.88
1.00
-
42.92
1.37
-
-0.41
-
0.73
-0.73
UAE
7.88
0.52
-
5.02
4.46
-
-1.60
-
-
-
UK
110.84
18.13
-
188.08
17.91
3.47
-80.57
-
0.23
-0.23
USA
185.53
-
-
320.68
-
19.06
-154.19
0.10
0.15
-0.04
Total
517.23
22.33
-
726.44
35.59
29.22
-252.28
0.10
1.62
-1.51



News Clippings
Economy

Food imports go down 1.56% in ongoing year

The food imports into the country witnessed negative growth of 1.56 percent during July-May 2012 against the imports of the corresponding period of last year. The overall food imports during July-May were recorded at $4.639 billion against the imports of $4.713 billion during same period last year. more... (DT)

Pakistan seeks Indonesian support to join ASEAN

Pakistan wants to join the Association of South East Asian Nations (Asean) and Indonesia should support it in its endeavour, Karachi Chamber of Commerce and Industry (KCCI) President Mian Abrar Ahmad said in a statement on Monday. more... (ET)

McLeod Road mammoth: State Bank profits down 10% over two years

Despite rising government borrowing and high interest rates, profits at the State Bank of Pakistan have been declining for the last two years, largely due to a decline in non-interest income, declining by 10% over two years. more... (ET)

FBR extends tax amnesty scheme

Facing an imminent shortfall in revenue, the Federal Board of Revenue (FBR) has extended the tax amnesty schaeme until June 30 to facilitate defaulting taxpayers to deposit principal revenue with the tax machinery.. more... (D)

Company & Sector Update

Agriculture sector exhibits 3.1pc growth this year

The agriculture sector has exhibited growth of 3.1 percent during last ten months of current fiscal year mainly due to positive growth in agri-related sub-sectors, except minor crops. more.. (BR)

Telecos invested $500m in fiscal 2012

The telecom sector has invested more than $500 million during the last one year which helped improved infrastructure and other projects to ensure expanded services in every nook and corner of the country. In addition, Universal Service Fund (USF) also invested Rs3.5 billion during the period. Cellular mobile sector contributed in a major way in the investment.. more... (ET)

Incoming: Linde Pakistan to invest Rs556m in power plant

Linde Pakistan has decided to invest Rs556 million to set up a power generation plant to produce four megawatts of electricity at its Port Qasim facility. Top management of Linde Pakistan, formerly known as BOC Pakistan, made this decision in a meeting held on Monday, says a notice sent to the Karachi Stock Exchange on Monday. more... (ET)

Banks invest 99pc money in govt papers

How the debt-ridden government has changed the entire banking in the country was obvious from a latest report of the State Bank which showed that banks have just loaned 1.2 per cent of what they invested in government securities during a year. more... (ET)

Political

Chaudhry Pervez Elahi appointed as Deputy PM

Pakistan Muslim League-Q leader Chaudhry Pervez Elahi has been appointed as the deputy Prime minister of the country,Business Recorder reported on Monday. more... (BR)

Pak, India trade to continue despite clashes at LoC

Chairman Karachi Chamber of Commerce Mian Abrar Ahmed said trade between India and Pakistan cannot be stopped despite clashes at Line of Control (LoC). more... (BR)

Gen John Allen to visit Pakistan for Nato route talks

General John Allen, top US commander stationed in Afghanistan, is expected to arrive in Pakistan on Wednesday to discuss the 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

Cinnober wins Dubai exchange deal

The Dubai Gold & Commodities Exchange is to upgrade its trading infrastructure by the end of the year to attract high-frequency flow traders after agreeing to take a new platform from Cinnober Financial Technology, a Swedish trading technology company. more... (Zawaya)

Abu Dhabi enforces rent contract rule for families

Abu Dhabi-based expatriates bringing in their families or those renewing residence visas for their wives and children must now submit a tenancy contract along with other required documents, applicants said on Tuesday. more... (Zawaya)

Saudi keeps oil tap on for world growth; Russia hurts

Saudi Arabia is showing no sign of changing its policy of high oil output to support global economic growth, despite a fall in crude prices below $90 a barrel for the first time in 18 months. more. (Gulf Base)

Politics drags down Kuwait's stock market

Kuwait's shares declined for a fifth day as the country's political crisis worsened. more... (Gulf Base)

 

Quote of the Day:

"All lasting business is built on friendship." Alfred A. Montapert

 

 




 
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
25-Jun-12
22-Jun-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
85.949
-0.05%
11.86%
11.84%
2.00
     
25-Jun-12
22-Jun-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
996.15
988.54
7.61

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
11.90
11.90
11.90
11.90
12.00
Low  
11.60
11.80
11.75
11.75
11.75
11.80

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
96.30
121.20
1.21
150.50
26.35
0.93
0.74

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.93
11.95
11.97
Last Cut Off.
11.92
11.94
11.95
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.99
12.92
12.92
13.12
10 Y-PIB
13.32
13.29
13.27
13.38

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.83
1.46
1.61
1.67
2.96
8.09
13.29
Change bps
0.00
-12.00
-5.00
-5.00
-6.00
0.70
2.00

Commodities

     
25-Jun-12
26-Jun-12
change
WTI (USD/bbl)    
80.05
78.96
-1.36%
     
Brent (USD/bbl)    
91.18
90.90
-0.31%
     
Arab Light (USD/bbl)    
91.87
92.07
0.22%

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)
441.25
440.63
0.14%
Urea Fertilizer (Rs/bag)
1,719.58
1,686.67
1.95%
Gold 24cr (Rs./10gm) Khi
50,105.43
49,898.86
0.41%
Rice IRRI -6(Rs/100kg)
3,550.00
3,528.00
0.62%
KCA Cotton (Rs/mound)
6,000.00
6,000.00
0.00%
International
Current
Previous
Change
Coal Spot(USD/ton)
83.10
83.75
-0.78%
Gold Futures(USD/oz)
1,584.50
1,574.40
0.64%
Sugar 11 (USD/lb)
19.93
19.75
0.91%
Steel (USD/ton)
653.12
653.11
0.00%
Wheat (CBT) (USD/bu)
741.00
687.50
7.78%
PTA (USD/ton)
930.00
935.00
-0.53%
Copper (USD/ton)
7,345.75
7,317.00
0.39%

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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.