BasedLine

Date: 27-June-2012
KSE-100 Index
Previous Index 13,642.19
Current Index 13,656.04
Change % 0.10%
YTD (CY12) 20.34%
YTD (FY12) 9.28%
KSE-100 Index
Previous Index 23,596.37
Current Index 23,614.06
Change % 0.07%
YTD (CY12) 17.26%
YTD (FY12) 12.79%
International Indicators
 
Close
%age
BSE-30 16,906.58 0.14
HANGSENG 18,981.84 0.45
NIKKEI 225 8,663.99 -0.81
FTSE 5,446.96 -0.07
DJIA 12,534.67 0.26
SSEC 2,229.70 0.34
NASDAQ 2,854.67 0.26
 
Close
%age
TASI 6,696.84 0.20
KSE(Kuwait) 5,824.34 0.58
BSE 1,128.61 0.37
MSM 5,657.24 -0.10
ADX 2,482.05 -0.23
DFM 1,454.56 -0.12
QSE 8,194.65 -0.41
Capital Market Overview

Market watch: Lack of triggers keeps market quiet

The stock market remained sluggish on Tuesday as a lack of triggers restricted investor participation. The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.10 per cent or 13.84 points to end at the 13,656.04 point level.more... (ET)

NAVs and Returns
as of Jun 26, 2012
Funds Offer Redemption
POGSF
10.2199/-
10.2199/-
YTD Return
10.45%
POAIIF
52.6115/-
52.1854/-
YTD Return
10.90%
POAAAF
51.27/-
49.99/-
YTD Return
-1.07%
POIAAF
59.66/-
58.17/-
YTD Return
11.31%
POAF
11.41/-
YTD Return
10.58%
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
35.57
3,201
45.08
1.91
20.34%
KSE30
6.91
622
27.66
1.56
15.72%
KMI30
5.07
456
19.53
1.20
17.26%
KSE All
38.53
3,467
57.99
2.01
22.39%
Jun 26, 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
158.55
122.92
-20.45%
OGDC
15.60
157.70
147.50
3.08%
UBL
1.80
76.79
42.55
24.03%
LUCK
1.70
113.63
40.18
60.40%
June 26, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
6.72
-254.99
-248.28
Foreign Corporates
1,153.39
-2,911.68
-1,758.29
Overseas Pakistani
124.06
-149.43
-25.37
Grand Total
1,284.17
-3,316.11
-2,031.94
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
25-Jun-12
26-Jun-12
Change
Gross Buy
471.49
22.69%
33.28
-41.52%
0.88
1.28
46.60%
Gross Sell
-500.36
56.87%
-139.26
-16.28%
-1.23
-3.32
-169.80%
Net Buy/(Sell)
-28.38
-141.51%
-105.50
-3.17%
-0.35
-2.03
-475.40%
S.C.R.A
Country
During the Period FY12TD
25-06-2012
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
-
-
19.83
9.16
-
-14.87
-
0.02
-0.02
Luxembourg
50.84
-
-
33.00
-
-
-22.14
-
0.17
-0.17
Switzerland
42.88
1.00
-
43.17
1.37
-
-0.66
-
0.25
-0.25
UAE
7.88
0.52
-
5.02
4.46
-
-1.60
-
-
-
UK
112.19
18.13
-
189.85
17.91
3.47
-80.99
1.34
1.77
-0.43
USA
185.54
-
-
321.73
-
19.06
-155.24
0.10
1.06
-1.05
Total
515.58
22.33
-
731.27
35.59
29.22
-255.76
0.10
4.83
-3.48



News Clippings
Economy

Rice exports to increase

Pakistan has exported around 332,500 tons of rice to China and fetched $149 million. By the close of current fiscal, total exports of rice to the Chinese market is expected to reach 350,000 tons. more... (D)

TCP awards tender for import of 100,000mt urea

Trading Corporation of Pakistan (TCP), in response to its Tender Notice opened on June 25, 2012 has awarded contract for import of 100,000 metric tonnes (MT) of urea at $411.77 per MT, C&F, to the lowest bidder Transammonia AG Switzerland. more... (DT)

SECP introduces ICRS system

In order to streamline the submission of regulatory information required by the SECP under the Insurance Ordinance, 2000 and other relevant laws, the Commission has introduced an online regulatory returns submission system, namely the ICRS system. more... (DT)

Import of power machines thriving

The import of power generating machines is thriving with fading hopes of an early end to persistent long power outages across the country especially in the rural areas.more... (D)

Company & Sector Update

Cement export increases 7.73 percent

The export of cement from the country during July-May 2012 has registered an increase of 7.73 percent. During the period from July-May 2012, the export of cement was recorded at 7,644,952 metric tonnea worth $446.84 million, said the data of Pakistan Bureau of Statistics (PBS). more.. (DT)

CPPA approaches NEPRA for increase in power tariff

The Central Power Purchase Agency (CPPA) has approached the National Electric Power Regulatory Authority (NEPRA) for additional increase of Rs 1.52 per unit in power tariff under the head of fuel adjustment charges. more... (DT)

CCP detects unprecedented rise in urea price

An inquiry initiated by Competition Commission of Pakistan (CCP) has detected unprecedented increase in urea price from Rs 850 per 50 kilogrammes (kgs) bag in December 2010 to Rs 1,580 in October 2011, an increase of 86 percent in just 12 months. more... (DT)

Rs1100bn subsidy given to power sector in four years

The government has provided subsidies worth Rs 1100 billion to the power sector during last four years (2008-2012) which is 2.5 percent of Gross Domestic Product (GDP). more... (BR)

Political

Nato supply resumption several issue with Pakistan settled: Munter

United States Ambassador to Pakistan Cameron Munter on Tuesday said United States regrets the Salala check post incident and is desirous of expanding ties with Pakistan in diverse fields. more... (BR)

Talks with India postponed

The Indo-Pak foreign ministers’ meeting, which was scheduled in July, has been postponed since the dates were clashing with the presidential poll here. more... (D)

Raja chairs first cabinet meeting: Govt acts at last to ease power ordeal

Raja Pervez Ashraf chaired the first cabinet meeting on Tuesday since taking over as prime minister, setting for himself and his team a difficult task of streamlining the power sector and to enforce at-source deduction of electricity dues from all those federal and provincial government departments which default on payments. more... (D)

Apex court to weigh its options today on Swiss letter

After the ouster of former prime minister Yousaf Raza Gilani by the Supreme Court for defying its orders, a three-judge bench will resume its hearing of the National Reconciliation Ordinance (NRO) implementation case on June 27. more... (ET)

GCC

Island on The World up for sale at just Dh190 per sqft

A UAE-based real estate agency says it has some islands on The World project which are now selling for Dh190 to Dh200 per square foot. Elysian Real Estate claims it has several islands up for sale on Nakheel 's The World. more... (Zawaya)

Marvel theme park comes to Dubai

Marvel Adventure, an indoor family entertainment center spanning 350,000 square feet, is scheduled to open its doors to comic book fans by the end of 2013. Located at the City of Arabia development along Emirates Road, it will include retail outlets selling Marvel merchandise, restaurants and interactive entertainment experiences with Marvel characters. more... (Zawaya)

GCC banks capitalisation exceeds that of their international peers’

GCC banks have capitalisation that generally exceeds their international peers’, says Standard & Poor’s Ratings Services in a report. more. (Gulf Base)

Elaf Group build four new hotels in the Kingdom

The Elaf Group of Companies, a leader in Saudi travel, tourism and hospitality, has announced the commencement of construction of four new hotels in Saudi Arabia. The total construction cost of these new projects has been valued at SR 400 million and will be located across Makkah, Madinah and Jeddah. more... (Gulf Base)

 

Quote of the Day:

"Failure doesn't mean you are a failure it just means you haven't succeeded yet." Robert H. Schuller

 

 




 
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)
$15.42 bn
Trade Balance ( July-May 12)
$-16.09bn
Curr. A/C (July 11-May 12)
$-3.77bn
Remittances (July 11- May 12)
$12.07bn
Foreign Investment (Jul 11-May 12)
$721.4mn
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
26-Jun-12
25-Jun-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
85.817
-0.15%
11.91%
11.86%
5.20
     
26-Jun-12
25-Jun-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
990.40
996.15
-5.75

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.62
11.72
11.78
11.88
Offer
12.12
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  
11.70
11.90
11.90
11.90
11.90
12.00
Low  
10.25
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
96.00
121.20
1.21
150.60
26.35
0.93
0.73

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.90
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
13.29
13.38

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.81
1.50
1.63
1.60
2.96
8.11
13.29
Change bps
-2.00
4.00
2.00
-7.00
0.00
1.50
0.00

Commodities

     
26-Jun-12
27-Jun-12
change
WTI (USD/bbl)    
78.96
79.48
0.66%
     
Brent (USD/bbl)    
90.90
92.87
2.17%
     
Arab Light (USD/bbl)    
92.07
93.85
1.93%

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)
441.25
440.63
0.14%
Urea Fertilizer (Rs/bag)
1,719.58
1,686.67
1.95%
Gold 24cr (Rs./10gm) Khi
49,763.44
50,105.43
-0.68%
Rice IRRI -6(Rs/100kg)
3,548.00
3,550.00
-0.06%
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)
1,573.10
1,584.50
-0.72%
Sugar 11 (USD/lb)
20.23
19.93
1.51%
Steel (USD/ton)
651.61
653.12
-0.23%
Wheat (CBT) (USD/bu)
747.00
741.00
0.81%
PTA (USD/ton)
930.00
935.00
-0.53%
Copper (USD/ton)
7,374.50
7,345.75
0.39%

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.