BasedLine

Date: 02-July-2012
KSE-100 Index
Previous Index 13,805.42
Current Index 13,801.41
Change % -0.03%
YTD (CY12) 21.62%
YTD (FY12) 10.45%
KSE-100 Index
Previous Index 23,763.15
Current Index 23,776.48
Change % 0.06%
YTD (CY12) 18.07%
YTD (FY12) 13.57%
International Indicators
 
Close
%age
BSE-30 17,429.98 2.59
HANGSENG 19,441.46 2.19
NIKKEI 225 9,006.78 1.50
FTSE 5,571.15 1.42
DJIA 12,880.09 2.20
SSEC 2,226.56 0.05
NASDAQ 2,935.09 3.00
 
Close
%age
TASI 6,705.49 -0.07
KSE(Kuwait) 5,854.74 1.13
BSE 1,120.35 -0.56
MSM 5,661.24 -0.50
ADX 2,460.09 0.51
DFM 1,462.52 0.73
QSE 8,206.91 1.03
Capital Market Overview

Market Watch: Gains pared on last trading day of FY-12

The stock market closed fiscal 2011-12 flat on Friday, but up nearly 26% year-to-date supported by cements and second tier stocks.The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell by a marginal 0.03% or 4.01 points to end at the 13,801.41 points level. more... (ET)

NAVs and Returns
as of Jun 29, 2012
Funds Offer Redemption
POGSF
10.2319/-
10.2319/-
YTD Return
10.48%
POAIIF
52.6540/-
52.1275/-
YTD Return
10.89%
POAAAF
51.35/-
50.07/-
YTD Return
-0.82%
POIAAF
59.90/-
58.40/-
YTD Return
11.77%
POAF
11.42/-
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
3,235
57.08
2.89
21.62%
KSE30
6.99
629
32.19
2.41
17.12%
KMI30
5.10
459
20.45
1.61
18.07%
KSE All
37.52
3,377
74.05
3.40
23.57%
Jun 29, 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
166.24
122.92
-16.59%
OGDC
15.60
160.44
147.50
4.87%
UBL
1.80
78.38
42.55
26.60%
LUCK
1.70
115.39
40.18
62.89%
June 29, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
57.78
9.27
48.56
Foreign Corporates
1,995.78
-2,599.52
-603.74
Overseas Pakistani
297.64
-803.22
-595.59
Grand Total
2,261.19
-3,411.96
-1,150.77
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
28-Jun-12
29-Jun-12
Change
Gross Buy
476.94
18.94%
38.73
-72.39%
2.09
2.26
8.91%
Gross Sell
-509.34
36.85%
-148.24
47.27%
-2.94
-3.41
-16.05%
Net Buy/(Sell)
-31.72
-205.26%
-108.84
374.90%
-0.85
-1.15
-35.38%
S.C.R.A
Country
During the Period FY12TD
28-06-2012
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
-
-
-
Luxembourg
51.30
-
-
33.00
-
-
-21.84
0.45
-
0.45
Switzerland
42.88
1.00
-
44.53
1.37
-
-2.03
-
0.60
-0.60
UAE
8.93
0.52
-
5.02
4.46
-
-0.55
1.06
-
1.06
UK
112.64
18.13
-
193.24
17.91
3.47
-83.93
0.45
1.35
-0.90
USA
186.67
-
-
325.15
-
19.06
-157.53
0.08
0.06
0.02
Total
521.67
22.33
-
740.00
35.59
29.22
-261.40
2.04
2.40
-0.36



News Clippings
Economy

E&P drilling misses target

The oil and gas exploration companies (E&P) activities in the financial year 2012 continued to limp, which marked the third successive year when the drilling fell far short of the target for the year. more... (D)

FBR needs to clarify legal position in certain cases: experts

The Federal Board of Revenue has to clarify whether the manufacturers of sales tax exempted items such as medicines under the Sixth Schedule of the Sales Tax Act 1990 would be liable to 0.5 percent tax against the sales made to dealers, distributors and wholesalers from next fiscal year.. more... (BR)

SECP re-launches amnesty schemes

In order to facilitate the corporate sector, the Securities and Exchange Commission of Pakistan (SECP) is re-launching the Companies Regularisation Scheme (CRS) and Companies Easy Exit Scheme (CEES) for two months from July 2 to August 31. more... (ET)

National treasury facing Rs6b to Rs8b loss per day: NAB chairman

The National Accountability Bureau Chief (NAB) Fasih Bukhari has said that due to corruption, the national treasury is facing a Rs6 billion to Rs8 billion loss per day. more... (ET)

Company & Sector Update

Flour millers cut prices again

The price of flour no.25 have been reduced to Rs1,450 per 50 kg bag, from Rs1,490. A 10-kg bag is now priced at Rs295 as compared to Rs303. more.. (D)

Power shortage: IPPs to run on 100% capacity now

In a belated move to cope with the power crisis, the government has shipped furnace oil for one week to seven independent power producers (IPPs), which have fuel supply agreements with Pakistan State Oil (PSO), and asked them to start running plants at 100% capacity.more... (ET)

Health insurance: State Life to launch scheme for UAE

Pakistan’s State Life Insurance Corporation (SLIC) is planning to launch a health insurance scheme for residents in the United Arab Emirates (UAE) and elsewhere in the Gulf region, said SLIC Chairman Shahid Aziz Siddiqui. more... (DT)

SNGPL moves to curb gas consumption

Sui Northern Gas Pipelines Limited (SNGPL), in an attempt to restrict excessive use of gas in residences as well as improve its revenues, has started collecting data of residential consumers to find out those who are violating the law and running generators on gas for long hours during power load-shedding. more... (ET)

Political

Pakistan and US near accord on Nato routes

The United States and Pakistan appear to be close to resolving the dispute over the reopening of Nato supply routes to Afghanistan, official sources in both the capitals told Dawn on Sunday. more... (D)

PML-N urged to give more names for CEC post

The positive response from the PML-N to the offer made by Prime Minister Raja Pervez Ashraf for talks on appointing the new chief election commissioner (CEC) is not without reservations. more... (D)

NA session likely to ratify ordinance

The government is considering an option of convening a session of the National Assembly to approve a presidential ordinance issued on June 24 to provide legal cover to all decisions taken by former prime minister Yousuf Raza Gilani and his cabinet between April 26 and June 19. .more... (D)

Imran Khan most popular leader: PEW research

Pakistan Tehreek-i-Insaf (PTI) chairman Imran Khan has been declared as the most popular leader, based on the findings of a survey conducted by the Global Attitudes project of PEW Research Centre. more... (ET)

GCC

Egypt's IDA to sign contract this week to build USD100m sugar plant

IDA's partnership in the project is to the tune of EGP 100 million, which is the value of 450,000 square meters of land on which the plant will be located. The other shareholders are Egyptian businessmen Fawzi Shendi, Omar Komi and Saeed Shendi, El-Nagdy said more... (Zawaya)

Qatari investors near French hotels deal

The Qatari acquirer of the hotels, which include the art deco Martinez on Cannes' Croisette waterfront, is understood to be Katara Hospitality, a state-owned hotels group. more... (Zawaya)

Bahraini private equity firm raises exposure in Europe with €140m deal

The Bahraini private equity firm Investcorp has acquired an Austrian online-payments company for €140 million (Dh651.1m), as it increases its exposure to European markets. more. (Gulf Base)

DFM, ADX post gains on Europe plan

Dubai’s shares advanced the most in three weeks, helping gains in gulf stock markets, after oil surged on optimism that Europe’s debt crisis may be contained, boosting the appeal for riskier assets. more... (Gulf Base)

 

Quote of the Day:

"The golden rule for every business man is this: “Put yourself in your customer’s place." Orison Swett Marden




 
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
29-Jun-12
28-Jun-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
85.777
-0.01%
11.95%
11.94%
1.00
     
29-Jun-12
28-Jun-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
952.03
983.68
-31.65

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  
11.95
11.90
11.80
11.90
11.90
12.00
Low  
11.90
11.85
11.70
11.75
11.75
11.80

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
96.05
121.00
1.19
150.00
26.95
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
0.83
1.58
1.65
1.73
3.21
8.18
13.29
Change bps
2.00
7.00
3.00
9.00
16.00
4.60
0.00

Commodities

     
29-Jun-12
02-Jul-12
change
WTI (USD/bbl)    
79.14
84.00
6.10%
     
Brent (USD/bbl)    
92.65
96.30
3.94%
     
Arab Light (USD/bbl)    
92.33
98.44
6.62%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
97.21
99.69
-2.49%
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
50,317.99
49,425.73
1.81%
Rice IRRI -6(Rs/100kg)
3,545.00
3,571.00
-0.73%
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)
1,594.00
1,564.70
1.87%
Sugar 11 (USD/lb)
21.01
20.53
2.34%
Steel (USD/ton)
646.21
648.06
-0.29%
Wheat (CBT) (USD/bu)
757.25
746.00
1.51%
PTA (USD/ton)
930.00
935.00
-0.53%
Copper (USD/ton)
7,691.75
7,391.75
4.06%

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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.