BasedLine

Date: 29-June-2012
KSE-100 Index
Previous Index 13,799.12
Current Index 13,805.42
Change % 0.05%
YTD (CY12) 21.66%
YTD (FY12) 10.48%
KSE-100 Index
Previous Index 23,828.72
Current Index 23,763.15
Change % -0.28%
YTD (CY12) 18.00%
YTD (FY12) 13.50%
International Indicators
 
Close
%age
BSE-30 16,990.76 0.14
HANGSENG 19,025.27 -0.79
NIKKEI 225 8,874.11 1.65
FTSE 5,493.06 -0.56
DJIA 12,602.26 -0.20
SSEC 2,211.52 0.71
NASDAQ 2,849.49 -0.90
 
Close
%age
TASI 6,585.63 -1.66
KSE(Kuwait) 5,789.21 -0.55
BSE 1,126.71. 0.21
MSM 5,689.83 0.66
ADX 2,447.62 -0.90
DFM 1,451.87 -0.02
QSE 8,123.02 -0.54
Capital Market Overview

Market watch: Stocks close flat as fiscal year nears end

The Karachi Stock Exchange’s (KSE) benchmark 100-share index rose 0.05% or 6.30 points to end at the 13,805.42 points level. Trade volumes declined to 63 million shares compared with Wednesday’s tally of 94 million shares. The value of shares traded during the day was Rs2.30 billion.. more... (ET)

NAVs and Returns
as of Jun 28, 2012
Funds Offer Redemption
POGSF
10.2278/-
10.2278/-
YTD Return
10.47%
POAIIF
52.6385/-
52.1121/-
YTD Return
10.89%
POAAAF
51.44/-
50.15/-
YTD Return
-0.73%
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
35.95
3,236
43.07
2.16
21.66%
KSE30
7.00
630
25.50
1.81
17.22%
KMI30
5.10
459
17.29
1.22
18.00%
KSE All
39.05
3,515
63.36
2.30
23.63%
Jun 28, 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
165.51
122.98
-16.95%
OGDC
15.60
158.92
147.58
3.88%
UBL
1.80
78.88
42.57
27.41%
LUCK
1.70
115.67
40.21
63.28%
June 28, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
10.44
-284.07
-273.63
Foreign Corporates
1,792.02
-2,523.70
-731.68
Overseas Pakistani
290.36
-130.29
160.07
Grand Total
1,092.83
-2,938.06
-845.24
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
27-Jun-12
28-Jun-12
Change
Gross Buy
474.68
22.50%
36.46
-39.31%
1.09
2.09
91.52%
Gross Sell
-505.93
54.50%
-141.83
-15.75%
-0.16
-2.94
-1694.96%
Net Buy/(Sell)
-30.63
-148.76%
-107.75
-3.11%
0.93
-0.85
-190.98%
S.C.R.A
Country
During the Period FY12TD
27-06-2012
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
-
-
19.85
9.16
-
-14.89
-
0.02
-0.02
Luxembourg
50.84
-
-
33.00
-
-
-22.30
-
0.16
-0.16
Switzerland
42.88
1.00
-
43.92
1.37
-
-1.42
-
-
-
UAE
7.88
0.52
-
5.02
4.46
-
-1.60
-
-
-
UK
112.19
18.13
-
191.88
17.91
3.47
-83.03
-
0.49
-0.49
USA
186.59
-
-
325.09
-
19.06
-157.55
0.06
0.29
-0.23
Total
519.63
22.33
-
737.60
35.59
29.22
-261.04
0.10
0.96
-0.89



News Clippings
Economy

ADB, Russia interested in financing electricity import, hydropower projects

Asian Development Bank (ADB) and Russia on Thursday expressed their willingness to finance mega electricity import and hydropower electric projects respectively. more... (DT)

Prices of petrol, diesel set for reduction

government is likely to reduce prices of petroleum products for the next fortnight (from July 1) because of declining crude prices in the international market. more... (D)

Resource crunch may stall dam progress: ADB

The Asian Development Bank (ADB) has said that Pakistan’s limited financial resources may affect progress on Diamer-Bhasha Dam even if the international lending agencies extend the assistance for completion of the multi-billion-dollar project. more... (ET)

Rs6bn bailout package for PS

As part of revitalisation of the loss-making state-owned enterprises, the Cabinet Committee on Restructuring (CCoR) on Thursday announced Rs6 billion bailout package for Pakistan Steel Mills (PSM) to help it reach breakeven level within next 18 months.more... (D)

Company & Sector Update

ISE gets ISO 9001:2008 certification

In order to assure the Quality Management System and its compliance with international standards Islamabad Stock Exchange (ISE) has got ISO 9001:2008 certification on Thursday. more.. (DT)

Surgical instruments exports touch $221mn mark

Exports of surgical goods and medical instruments reached US $ 221 million during three quarters of this year as compared to US $ 186.7 million during same period last year. more... (BR)

Sunflower growers demand increase in support price

The sunflower growers demanded the government to raise its support price to Rs 2,200 per kilogramme (kg) in order to enhance edible oil production in the country. more... (DT)

Readymade garment exports fetch US $1.2bn

The exports of readymade garment industry has contributed US $ 1.2 billion to national kitty during last nine months of this year.Though it showed a decline of 4.8 per cent as compared to same period during previous year when such exports brought US $ 1.3 billion precious foreign exchange, the government was adopting measures to achieve better results. more... (BR)

Political

Prioritising: Playing down Swiss letter, PM says power is top priority

The prime minister was questioned incessantly about his reply to the Supreme Court on writing a letter to Swiss authorities, due on July 12, but the premier downplayed the queries and chose to focus on what he stressed was his ‘top priority’: the energy crisis. more... (ET)

NAB wants all RPP accused on ECL

The National Accountability Bureau has asked the interior ministry to place the names of all accused in the rental power projects case on the Exit Control List, but the ministry is reported to be hesitating to do so because Prime Minister Raja Pervez Ashraf is one of the accused .more... (D)

Decision all but taken to reopen Nato routes

Recent reports from various quarters clearly indicate that Pakistan will soon reopen the blocked supply routes for Nato forces in Afghanistan.more... (D)

Sheikh Rasheed detained at the Houston airport

Awami Muslim League (AML) Chief Sheikh Rasheed Ahmed was detained at the Houston airport for five hours, media reported on Thursday. more... (BR)

GCC

Emirates: May Weigh Investing in Indian Carrier if Get Management Control

Emirates Airline may consider investing in an Indian carrier -- even a loss-making one -- but only if it gets management control, a senior executive said, showing some positive sentiment for the troubled sector and an economy that's losing favor with foreign investors. more... (Zawaya)

TDIC on track to achieve positive Ebitda performance in 2012

Tourism Development and Investment Company (TDIC), master developer of tourism, cultural and residential projects in Abu Dhabi, on Thursday released its 2011 results and achievements. more... (Gulf Base)

Abu Dhabi seeks power partners for Mirfa plant

Abu Dhabi Water & Electricity Authority (Adwea) is calling for companies to express interest in building and operating the latest addition to its fleet of power plants. more. (Gulf Base)

Fear factor weighs on Qtel

Qatar Telecom sank yesterday after Moody’s Investors Service said the operator’s plans to buy a stake in Kuwait’s National Mobile Telecommunications (Wataniya) for US$1.9 billion was “credit negative”. more... (Gulf Base)

 

Quote of the Day:

"In the business world, everyone is paid in two coins: cash and experience. Take the experience first; the cash will come later." Harold S. Geneen




 
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
28-Jun-12
27-Jun-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
85.786
-0.02%
11.94%
11.93%
1.00
     
28-Jun-12
27-Jun-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
983.68
972.39
11.29

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  
9.90
11.50
11.80
11.90
11.90
12.00
Low  
9.00
11.25
11.70
11.75
11.75
11.80

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
96.20
120.70
1.22
150.60
26.25
0.93
0.73

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
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
0.83
1.51
1.62
1.64
3.05
8.13
13.29
Change bps
1.00
-6.00
-1.00
-5.00
7.00
0.70
0.00

Commodities

     
28-Jun-12
29-Jun-12
change
WTI (USD/bbl)    
80.60
79.14
-1.81%
     
Brent (USD/bbl)    
93.69
92.65
-1.11%
     
Arab Light (USD/bbl)    
94.07
92.33
-1.85%

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
49,425.73
49,848.29
-0.85%
Rice IRRI -6(Rs/100kg)
3,571.00
3,547.00
0.68%
KCA Cotton (Rs/mound)
6,100.00
6,100.00
0.00%
International
Current
Previous
Change
Coal Spot(USD/ton)
83.10
83.75
-0.78%
Gold Futures(USD/oz)
1,564.70
1,577.00
-0.78%
Sugar 11 (USD/lb)
20.53
20.95
-2.00%
Steel (USD/ton)
648.06
650.58
-0.39%
Wheat (CBT) (USD/bu)
746.00
751.25
-0.70%
PTA (USD/ton)
930.00
935.00
-0.53%
Copper (USD/ton)
7,391.75
7,419.75
-0.38%

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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.