BasedLine

Date: 28-June-2012
KSE-100 Index
Previous Index 13,656.04
Current Index 13,799.12
Change % 1.05%
YTD (CY12) 21.60%
YTD (FY12) 10.43%
KSE-100 Index
Previous Index 23,614.06
Current Index 23,828.72
Change % 0.91%
YTD (CY12) 18.33%
YTD (FY12) 13.82%
International Indicators
 
Close
%age
BSE-30 16,967.76 0.36
HANGSENG 19,176.95 1.03
NIKKEI 225 8,730.49 0.77
FTSE 5,523.92 1.41
DJIA 12,627.01 0.74
SSEC 2,215.38 -0.07
NASDAQ 2,875.32 0.74
 
Close
%age
TASI 6,585.63 -1.66
KSE(Kuwait) 5,820.94 -0.06
BSE 1,124.39 -0.37
MSM 5,652.39 -0.09
ADX 2,469.86 -0.49
DFM 1,452.18 -0.16
QSE 8,166.98 -0.34
Capital Market Overview

Market watch: Stocks rebound even as investors remain wary

The bourse witnessed renewed investor interest on Wednesday, climbing significantly after positive signals from the Nato supplies resumption front.The Karachi Stock Exchange’s (KSE) benchmark 100-share index surged 1.05% or 143.08 points to end at the 13,799.12 points level. more... (ET)

NAVs and Returns
as of Jun 27, 2012
Funds Offer Redemption
POGSF
10.2246/-
10.2246/-
YTD Return
10.47%
POAIIF
52.6243/-
52.0981/-
YTD Return
10.90%
POAAAF
51.42/-
50.13/-
YTD Return
-0.77%
POIAAF
59.79/-
58.30/-
YTD Return
11.58%
POAF
11.41/-
YTD Return
10.55%
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
35.94
3,234
56.72
2.50
21.60%
KSE30
7.00
630
38.60
2.12
17.24%
KMI30
5.11
460
22.87
1.48
18.33%
KSE All
39.04
3,514
94.36
2.82
23.58%
Jun 26, 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
163.14
122.98
-18.14%
OGDC
15.60
159.72
147.58
4.40%
UBL
1.80
78.11
42.57
26.17%
LUCK
1.70
115.33
40.21
62.80%
June 26, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
11.70
-128.01
-116.31
Foreign Corporates
866.94
-30.58
836.35
Overseas Pakistani
214.12
-5.09
209.03
Grand Total
1,092.76
-163.68
929.08
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
26-Jun-12
27-Jun-12
Change
Gross Buy
472.59
22.46%
34.37
-40.73%
1.28
1.09
-14.91%
Gross Sell
-502.99
54.20%
-141.89
-16.03%
-3.32
-0.16
95.06%
Net Buy/(Sell)
-29.83
-147.74%
-106.95
-3.13%
-2.03
-0.93
145.72%
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
518.58
22.33
-
731.27
35.59
29.22
-255.76
0.10
4.83
-3.48



News Clippings
Economy

Russia agrees to finance IP gas pipeline project

Russia on Wednesday agreed to finance the billion-dollar Iran-Pakistan (IP) gas pipeline as well as other gas and power import projects, while Pakistani authority would submit draft agreement for financial and construction assistance for IP within the next 15 days. more... (DT)

Illegally adjusted input sales tax

The Federal Board of Revenue (FBR) here on Wednesday through a new scheme extended the deadline for the sales tax registered persons to pay back by December 31, 2012 from earlier deadline of June 30, 2012.more... (DT)

Edulearn Air Services to introduce UK qualifications in Pakistan

UK Trade and Investment, Pakistan introduced Edulearn Air Services Academy that would set up Pakistan’s first European Part 147 maintenance training facility in Karachi in collaboration with Air Service Training (AST) Perth and Scotland. more... (DT)

Govt overturns gas cut plan to industry

Petroleum Minister Dr Asim Hussain on Wednesday overturned a Sui Northern Gas Pipelines Limited (SNGPL) decision to cut gas supplies to the industry in Punjab from five days to four days a week.more... (D)

Company & Sector Update

NIB Bank enters race to acquire Citi Bank’s consumer portfolio

NIB Bank has entered the race to acquire Citi Bank consumers portfolio after it has been granted permission for conducting due diligence by the central bank. more.. (DT)

PIA reduces airfare on domestic routes

Pakistan Inter-national Airlines (PIA) in order to provide relief to general public and promote domestic tourism, offered competitive fares according to market demand, starting from as low as Rs 3,020 between Karachi and Islamabad and Rs 2,810 between Karachi and Lahore. These fares are One Way, excluding surcharge and taxes valid for sale in Pakistan. more... (DT)

Rs1.51 hike in power tariff

The National Electric Power Regulatory Authority on Wednesday announced an increase of Rs1.51 per unit in power tariff on account of fuel adjustment charges to match the cost of rising prices of furnace oil in May this year. more... (D)

Spot rate increases by Rs 100/maund

Dull trading prevailed at the Karachi cotton market while the spot rate increased, traders at the Karachi Cotton Association (KCA) said on Wednesday. The KCA revised the spot rate upward by Rs 100 per maund to Rs 6,100 per maund, floor brokers said . more... (DT)

Political

Rehman discusses bilateral relations with US senators

Pakistan’s ambassador to the United States Sherry Rehman met Senator Mitch McConnell, Senate Minority Leader, in his Chamber on Wednesday and discussed Pakistan-US relations. more... (D)

NRO implementation case: SC expects Ashraf to write Swiss letter

It’s back to square one for the government. Having spent less than a week in the prime minister’s office, Raja Pervaiz Ashraf has been presented a conundrum that led to the ousting of his predecessor. more... (ET)

Election commission issues new, tougher rules

The commission on Wednesday issued an amended code of conduct for election campaigns, for an interim period, prescribing punishments that could ultimately lead to disqualification of violators. more... (ET)

LHC asks Zardari to quit one office by Sept 5

A full bench of the Lahore High Court gave an opportunity to President Asif Ali Zardari on Wednesday to disassociate his office from political activities in accordance with an order issued by a larger bench on May 12 last year. more... (D)

GCC

Saudi giant plans to merge two oil carriers

Saudi Arabia's oil giant Aramco on Wednesday announced plans to merge its company Vela with Saudi firm Bahri to form the world's fourth largest oil transporter. more... (Zawaya)

MAF said to sell $500mn in bonds

Majid Al Futtaim Holding, an operator of malls and hotels in the Middle East, raised $500mn from the sale of seven-year bonds, according to six bankers familiar with the transaction. more... (Gulf Base)

Etihad Cargo starts freighter operations to Dammam

Etihad Cargo has inaugurated a new weekly freighter operation from Abu Dhabi to the Saudi Arabian city of Dammam. The new cargo service operates every Tuesday using an Airbus A300-600F freighter, with a capacity of 42 metric tonnes. more. (Gulf Base)

Saudi stock index drops to 5-month low on jitters

Saudi Arabia’s bourse fell to a five-month low Wednesday on jitters about political uncertainty in the region and weak oil prices, raising investor concerns that the world’s top oil exporter may reduce the size of a $500 billion government stimulus. more... (Gulf Base)

 

Quote of the Day:

"Whenever an individual or a business decides that success has been attained, progress stops." Thomas J. Watson




 
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
27-Jun-12
26-Jun-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
85.804
-0.02%
11.93%
11.91%
1.40
     
27-Jun-12
26-Jun-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
972.39
990.40
-18.02

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  
11.50
11.75
11.90
11.90
11.90
12.00
Low  
9.00
11.25
11.75
11.75
11.75
11.80

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
95.80
119.70
1.21
150.50
26.35
0.93
0.73

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.92
11.94
11.96
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
0.82
1.57
1.63
1.69
2.98
8.12
13.29
Change bps
1.00
7.00
0.00
9.00
2.00
1.90
0.00

Commodities

     
27-Jun-12
28-Jun-12
change
WTI (USD/bbl)    
79.48
80.60
1.41%
     
Brent (USD/bbl)    
92.87
93.69
0.88%
     
Arab Light (USD/bbl)    
93.85
94.07
0.23%

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
49,848.29
49,763.44
0.17%
Rice IRRI -6(Rs/100kg)
3,547.00
3,548.00
-0.03%
KCA Cotton (Rs/mound)
6,100.00
6,000.00
1.67%
International
Current
Previous
Change
Coal Spot(USD/ton)
83.10
83.75
-0.78%
Gold Futures(USD/oz)
1,577.00
1,573.10
0.25%
Sugar 11 (USD/lb)
20.95
20.23
3.56%
Steel (USD/ton)
650.58
651.61
-0.16%
Wheat (CBT) (USD/bu)
751.25
747.00
0.57%
PTA (USD/ton)
930.00
935.00
-0.53%
Copper (USD/ton)
7,419.75
7,374.50
0.61%

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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.