BasedLine

Date: 03-July-2012
KSE-100 Index
Previous Index 13,801.41
Current Index 14,142.92
Change % 2.47%
YTD (CY12) 24.63%
YTD (FY13) 2.47%
KSE-100 Index
Previous Index 23,776.48
Current Index 23,303.16
Change % 2.22%
YTD (CY12) 20.68%
YTD (FY13) 2.22%
International Indicators
 
Close
%age
BSE-30 17,398.98 -0.18
HANGSENG 19,441.46 2.19
NIKKEI 225 9,003.48 -0.04
FTSE 5,640.64 1.25
DJIA 12,871.39 -0.07
SSEC 2,240.23 0.63
NASDAQ 2,951.23 0.55
 
Close
%age
TASI 6,742.04 0.55
KSE(Kuwait) 5,878.76 0.14
BSE 1,121.11 0.07
MSM 5,621.89 -0.70
ADX 2,458.35 -0.07
DFM 1,464.57 0.14
QSE 8,197.09 -0.12
Capital Market Overview

Market watch: Bulls lead record charge into fiscal 2012-13

The Karachi Stock Exchange’s (KSE) benchmark 100-share index surged 2.47% or 341.51 points to end at the 14,142.92 points level. Monday was the first day since Mar 16, 2009, that the index added more than 300 points in inter-day trading. more... (ET)

NAVs and Returns
as of Jul 02, 2012
Funds Offer Redemption
POGSF
Book Closure
YTD Return
N/A
POAIIF
Book Closure
YTD Return
N/A
POAAAF
Book Closure
YTD Return
N/A
POIAAF
Book Closure
YTD Return
N/A
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
36.83
3,315
84.13
4.76
24.63%
KSE30
7.18
647
52.67
4.19
20.32%
KMI30
5.21
469
38.43
3.38
20.68%
KSE All
38.40
3,456
106.45
4.94
26.46%
July 2, 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
173.66
122.92
4.46%
OGDC
15.60
167.41
147.50
4.34%
UBL
1.80
80.96
42.55
3.29%
LUCK
1.70
119.58
40.18
3.63%
July 2, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
19.52
-17.73
1.79
Foreign Corporates
6,926.22
-743.76
6,182.47
Overseas Pakistani
930.84
-420.97
509.88
Grand Total
7,876.58
-1,182.45
6,694.13
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
29-Jun-12
02-Jul-12
Change
Gross Buy
484.82
20.90%
7.88
-81.43%
2.26
7.88
248.52%
Gross Sell
-510.52
37.17%
-1.18
99.20%
-3.41
-1.18
65.32%
Net Buy/(Sell)
-25.38
-184.21%
6.34
-105.99%
-1.15
6.69
682.10%
S.C.R.A
Country
During the Period FY12TD
29-06-2012
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
51.72
-
-
33.00
-
-
-21.41
0.43
-
0.45
Switzerland
42.88
1.00
-
44.55
1.37
-
-2.04
-
0.02
-0.02
UAE
8.93
0.52
-
5.02
4.46
-
-0.55
-
-
-
UK
113.14
18.13
-
193.93
17.91
3.47
-84.12
0.50
0.69
-0.19
USA
187.08
-
-
325.27
-
19.06
-157.24
0.41
0.12
0.29
Total
523.01
22.33
-
741.39
35.59
29.22
-261.45
1.34
1.39
-0.05



News Clippings
Economy

Government looks to renegotiate with RPPs

Amid extensive power outages and a Turkish firm’s decision to move international courts over a power deal gone sour, Pakistan is working on a plan to renegotiate with the controversial rental power plants (RPPs). more... (ET)

Retailers, final consumers not liable to 0.5% WHT: FBR

The Federal Board of Revenue (FBR) on Monday announced that retailers or final consumers will not be liable to 0.5 percent withholding tax (WHT) under new Section 153A of the Income Tax Ordinance, 2001. more... (DT)

Failure to maintain Rs 783bn circular debt increases power shortfall

The Ministry of Water and Power and its subordinate institution have failed to maintain the huge volume of circular debt of Rs 783 billion and as a result power shortfall has increased up to 4,870 megawatts (MW) on Monday. more... (DT)

British, Pakistani chambers hold successful trade talks

LCCI held a successful trade visit with the United King­dom’s Manchester Chamber of Commerce on Monday, according to a message received from Manchester. more... (ET)

Company & Sector Update

CCP imposes Rs 770m fine on 1-Link, 11 member banks

The Compe-tition Commission of Pakistan (CCP) has imposed a total penalty of Rs 770 million, including Rs 50 million on 1-Link (Guarantee) Limited and Rs 50 million each on its 11 founding member banks. more.. (DT)

NBP ranked top bank of Pakistan

National Bank of Pakistan (NBP) has been ranked by The Banker as the top bank of Pakistan in its ‘Top 1000 World Banks’ ranking for 2012. more... (DT)

Lucky cement starts supply of 20MW to HESCO

Lucky Cement Limited (LUCK) on Monday said in pursuance of electricity supply agreement signed with Hyderabad Electric Supply Company Limited (HESCO), It has started despatch of 20 megawatt (MW) per hour electric supply to HESCO as per terms of agreement. more... (DT)

Korea allows mango import after approving quality

South Korea has become the third new high-value market, after the United States and Japan, that has allowed mango import from Pakistan after approving the country’s quality standards, traders say. more... (ET)

Political

US to continue to work with Pakistan on supply routes restoration: T.Nides

The State Department on Monday said the United States continues to work with Pakistan on the issue of reopening the country's key land routes that transport supplies into and out of landlocked Afghanistan. more... (BR)

Afghanistan, Pakistan clash over border violence

Pakistani officials accused up to 60 Afghan soldiers on Monday of crossing into their territory and sparking clashes that killed two tribesman. more... (BR)

Bureaucrats named in NICL scam have either fled or been set free: FIA tells NA panel

The Federal Investigation Agency’s (FIA) Punjab chapter informed the National Assembly’s Standing Committee on Commerce on Monday that most of the bureaucrats said to be involved in the National Insurance Company Limited (NICL) scandal have either been set free or have fled the country. more... (ET)

Govt, opposition narrow differences over CEC

Top negotiators from the government and the opposition managed to partially break a months old deadlock over the appointment of a new chief election commissioner (CEC) on Monday. Both sides appeared to be departing from their hardened positions to reach a mandatory consensus. more... (ET)

GCC

Queen Elizabeth2 converted into floating hotel

The emirate added another iconic tourist destination to the list by converting the Queen Elizabeth 2 cruise ship into a floating hotel at Rashid Port turning the whole area into an entertainment port village in 18 months, Sultan Ahmad Bin Sulayem, Chairman, Istithmar World , said. more... (Zawaya)

Food prices to be cut by 30% in the UAE from next week

Muslims bracing for the fasting month of Ramadan later this month will be able to buy up to 27 food items cheaper by nearly 30 per cent as part of a Ramadan price-cut initiative spearheaded by the Ministry of Economy. more... (Zawaya)

Kingdom’s foreign assets soar to all-time high in May

Saudi Arabia's foreign assets soared in May after recording one of their biggest increases in 2011 on account of high oil prices, the Saudi Arabia Monetary Agency (SAMA) said in its latest monthly bulletin.
more. (Gulf Base)

SHUAA Partners Fund returns 7.6% IRR over its vintage period

SHUAA Capital, the leading regional financial services company, announced that it has successfully closed its SHUAA Partners Fund 1, yielding significant returns despite the tough market conditions. During the Fund's vintage period, from 2005 to 2012, public equity markets in the UAE (MSCI UAE Index) posted a decline of 78%. more... (Gulf Base)

 

Quote of the Day:

"It's easy to make a buck. It's a lot tougher to make a difference." Tom Brokaw




 
Economic Highlights
Economic Indicators
GDP Growth FY12
3.70%
GDP -2011
$180 bn
Per Capita Income FY11
$1,254
Population
178.09mn
US$ Reserves (June 28, 2012)
$14.96 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 (June-12) 11.3%
   
CPI Gen. - FY12 (Jul 11- June 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
02-Jul-12
29-Jun-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
85.755
-0.03%
11.96%
11.95%
1.10
     
02-Jul-12
29-Jun-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
936.07
952.03
-15.95

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
95.95
121.00
1.19
150.10
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
1.52
1.60
1.70
3.19
8.18
13.29
Change bps
-2.00
-6.00
-5.00
-3.00
-2.00
-0.20
0.00

Commodities

     
02-Jul-12
03-Jul-12
change
WTI (USD/bbl)    
84.00
84.25
0.35%
     
Brent (USD/bbl)    
96.30
98.11
1.88%
     
Arab Light (USD/bbl)    
98.44
96.74
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
50,676.27
50,317.99
0.71%
Rice IRRI -6(Rs/100kg)
3,567.00
3,545.00
0.62%
KCA Cotton (Rs/mound)
6,200.00
6,100.00
1.64%
International
Current
Previous
Change
Coal Spot(USD/ton)
86.75
83.10
4.39%
Gold Futures(USD/oz)
1,600.00
1,594.00
0.38%
Sugar 11 (USD/lb)
21.40
21.01
1.86%
Steel (USD/ton)
644.71
646.21
-0.23%
Wheat (CBT) (USD/bu)
772.50
757.25
2.01%
PTA (USD/ton)
960.00
930.00
3.23%
Copper (USD/ton)
7,634.75
7,691.75
-0.74%

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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.