BasedLine

Date: 05-July-2012
KSE-100 Index
Previous Index 14,200.79
Current Index 14,178.10
Change % -0.16%
YTD (CY12) 24.94%
YTD (FY13) 2.73%
KSE-100 Index
Previous Index 23,402.55
Current Index 23,448.64
Change % 0.19%
YTD (CY12) 21.41%
YTD (FY13) 2.83%
International Indicators
 
Close
%age
BSE-30 17,462.81 0.21
HANGSENG 19,709.75 -0.13
NIKKEI 225 9,104.17 0.41
FTSE 5,684.47 -0.06
DJIA 12,943.82 0.56
SSEC 2,200.76 -1.19
NASDAQ 2,976.08 0.84
 
Close
%age
TASI 6,834.77 -0.73
KSE(Kuwait) 5,859.49 -0.59
BSE 1,121.86 0.04
MSM 5,557.57 -0.37
ADX 2,472.06 0.24
DFM 1,489.58 -0.84
QSE 8,254.10 0.03
Capital Market Overview

Market watch: Stock market takes a breather

The stock market decided to take a breather after two days of massive climbing despite improvement in Pak-US relations. The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.16 per cent or 22.69 points to end at the 14,178.10 point level. more... (ET)

NAVs and Returns
as of Jul 04, 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
10.54%
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
36.93
3,324
80.69
4.28
24.94%
KSE30
7.22
650
57.84
3.85
20.87%
KMI30
5.25
472
37.25
2.74
21.41%
KSE All
39.91
3,592
100.83
4.45
26.79%
July 4, 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
174.49
123.14
4.96%
OGDC
15.60
169.24
147.76
5.48%
UBL
1.80
80.00
42.62
2.07%
LUCK
1.70
120.19
40.26
4.16%
July 4, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
11.86
-6.53
5.33
Foreign Corporates
3,178.04
-2,883.90
294.14
Overseas Pakistani
400.51
-349.27
51.24
Grand Total
3,590.41
-3,239.70
350.71
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
03-Jul-12
04-Jul-12
Change
Gross Buy
492.07
21.58%
15.13
205.17%
7.88
3.59
-54.42%
Gross Sell
-515.05
38.02%
-5.71
-34.48%
-1.18
-3.24
173.98%
Net Buy/(Sell)
-22.80
-169.03%
8.92
-337.20%
6.69
0.35
-94.76%
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

Chinese help sought for easing power crisis

Pakistan sought on Wednesday all-out assistance from China to overcome prevailing electricity shortage in the country through hydro, solar and wind energy projects.. more... (D)

Demurrage charges: KPT to receive Rs2.2b from NATO for seven-month hold-up

The Karachi Port Trust (KPT) will receive up to Rs2.2 billion from Nato for storing their containers for the past seven months technically known as demurrage charges. more... (ET)

Science & technology: Rs550m irregularities surface in ministry

In a blatant violation of rules, the chairman of the Pakistan Council of Research in Water Resources (PCRWR) deposited Rs550 million – the funds which were actually meant to install water filtration plants – in a private bank account at zero interest rates in ‘return for personal favours’. more... (ET)

Tax return forms: Experts urge FBR to remove ambiguities

Tax experts have asked the Federal Board of Revenue (FBR) to remove ambiguities in the proposed income tax return forms for companies (IT-1) and individual/AOP (IT-2) for Tax Year 2012 in which certain points need clarification. more... (BR)

Company & Sector Update

Cement industry posts positive results

The cement industry’s dispatches for the year 2011-12 were the highest ever in the history of the country, a statement issued by the All Pakistan Cement Manufacturers Association said. more.. (D)

Load-shedding: Textile sector may get relief

The Ministry of Textile Industry wants the textile sector to be totally exempted from electricity and gas load-shedding. more... (D)

Stock master securities: Over 1,000 investors deprived of Rs261 million

More than 1,000 investors have allegedly been deprived of an amount totalling Rs261 million by Stock Master Securities (Private) Limited, which operated in the Lahore Stock Exchange (LSE), sources familiar with the development have revealed. more... (ET)

CNG kit makers press govt to lift import ban

Two leading Italian compressed natural gas (CNG) kit manufacturers, afraid of losing investment of billions of rupees, have asked the government to lift a ban on kit imports, which has been in place for the past seven months . more... (ET)

Political

Kashmir should centre-stage in talks: Jilani

The top pro-liberation leadership of occupied Kashmir including Mirwaiz Umar Farooq, Syed Ali Gilani and Yasin Malik have stressed that Kashmir should be the core issue in the talks process between Pakistan and India . more... (BR)

China backs Pakistan on NATO's supply to Afghanistan

China fully stands by Pakistan on its stance on NATO supply and the question of sovereignty and territorial integrity, extending all possible diplomatic support on war on terror. more... (BR)

Pak-India talks on positive trajectory

India and Pakistan held a first round of foreign secretary-level talks here on Wednesday, and sources close to the discussions said they had progressed on a positive trajectory, contrary to gloomy projections made by the media. more... (D)

Contempt law being amended: Govt move to clear judicial hurdle

With the Nato supply route controversy almost sorted out, the government on Wednesday started rolling up its sleeves to wriggle out of the problems it is facing as a result of recent judicial decisions. more... (D)

GCC


Kuwaiti crude rise up $1.40, settles at $94.95

The price of Kuwaiti crude oil increased by 1.4 US dollars on Tuesday's oil markets to settle at USD 94.95 per barrel, compared to $93.55 on the day before, said Kuwait Petroleum Corporation (KPC). more... (Gulfbase)

Foreign selling pressure lands Qatar shares in losses

Selling pressure from foreign retail traders and institutions yesterday landed the Qatar Exchange back in the negative turf. more... (Gulfbase)

More joining Qatar Holding in calls for increased Glencore bid

Xstrata shareholder Knight Vinke Asset Management joined Qatar Holding in stepping up pressure on Glencore International to improve the terms of the year’s biggest takeover. Glencore needs to increase its bid by 16% to combine with Xstrata, said Knight Vinke, which holds about 0.5% of Xstrata . more. (Gulf Base)

S&P report says Gulf banks may continue recovery through 2013

Standard & Poor's Ratings Services expects Gulf banks to continue their steady recovery from the 2008 crisis and remain isolated from eurozone turmoil for the rest of 2012 and 2013, according to its published report titled 'Gulf Banks Shrug Off Eurozone Turmoil To Continue Steady Recovery From 2008 Crisis.' more... (Gulf Base)

 

Quote of the Day:

"Avoid problems, and you'll never be the one who overcame them. " Richard Bach




 
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
04-Jul-12
03-Jul-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
85.95
0.09%
11.90%
11.94%
-4.30
     
04-Jul-12
03-Jul-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
904.45
910.27
-5.81

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  
9.75
11.00
11.75
11.90
11.90
12.00
Low  
9.00
10.50
11.55
11.75
11.75
11.80

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
95.5
119.00
1.19
149.20
26.05
0.93
0.73

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.92
11.88
11.96
Last Cut Off.
11.92
11.94
11.95
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
13.03
13.08
12.97
13.12
10 Y-PIB
13.32
13.36
13.29
13.38

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.81
1.45
1.59
1.72
3.14
8.16
13.36
Change bps
-1.00
-8.00
-4.00
-4.00
-7.00
-1.90
7.00

Commodities

     
04-Jul-12
05-Jul-12
change
WTI (USD/bbl)    
87.36
86.98
-0.43%
     
Brent (USD/bbl)    
100.41
99.38
-1.03%
     
Arab Light (USD/bbl)    
99.70
99.15
-0.55%

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
50,558.84
50,676.27
-0.23%
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)
1,617.00
1,617.60
-0.04%
Sugar 11 (USD/lb)
21.98
21.40
2.71%
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.