BasedLine

Date: 06-July-2012
KSE-100 Index
Previous Index 14,178.10
Current Index 14,170.91
Change % -0.05%
YTD (CY12) 24.88%
YTD (FY13) 2.68%
KSE-100 Index
Previous Index 24,448.64
Current Index 24,503.33
Change % 0.22%
YTD (CY12) 21.68%
YTD (FY13) 3.06%
International Indicators
 
Close
%age
BSE-30 17,538.67 0.43
HANGSENG 19,809.13 0.50
NIKKEI 225 9,079.80 -0.27
FTSE 5,692.63 0.14
DJIA 12,896.67 -0.36
SSEC 2,190.71 -0.48
NASDAQ 2,976.12 0.01
 
Close
%age
TASI 6,834.77 -0.73
KSE(Kuwait) 5,861.45 0.03
BSE 1,121.89 0.00
MSM 5,577.29 0.35
ADX 2,472.27 0.01
DFM 1,504.70 1.02
QSE 8,267.36 0.16
Capital Market Overview

Market Watch: Participation level drops to six-month low

Trade volumes fell 61% to an appalling 39 million shares compared with Wednesday’s tally of 101 million shares. The Karachi Stock Exchange’s (KSE) benchmark 100-share index eased 0.05 per cent or 7.19 points to end at the 14,170.91 point level. more... (ET)

NAVs and Returns
as of Jul 05, 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
3.91%
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
36.91
3,322
30.91
1.63
24.88%
KSE30
7.22
650
22.41
1.44
20.94%
KMI30
5.26
473
14.75
1.03
21.68%
KSE All
39.90
3,591
38.84
1.70
26.75%
July 5, 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
175.19
122.72
5.38%
OGDC
15.60
167.88
147.26
4.64%
UBL
1.80
79.79
42.48
1.80%
LUCK
1.70
120.28
40.12
4.24%
July 5, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
0.50
-
0.50
Foreign Corporates
670.81
-280.07
390.74
Overseas Pakistani
222.77
-169.20
53.74
Grand Total
894.08
-449.27
444.81
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
04-Jul-12
05-Jul-12
Change
Gross Buy
492.96
21.10%
16.02
165.45%
3.59
0.89
-75.10%
Gross Sell
-515.50
37.79%
-6.16
-59.90%
-3.24
-0.45
86.13%
Net Buy/(Sell)
-22.38
-164.96%
9.34
-200.15%
0.35
0.44
26.83%
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

Foreign exchange reserves rise

Pakistan’s foreign exchange reserves rose to $15.236 billion in the week ending June 29 from $14.96 billion the previous week, the central bank said on Thursday. more... (D)

Belarus to set up heavy vehicles plant

Belarus has expressed keen desire to explore investment opportunities in Pakistan for assembling and manufacture of heavy vehicles, and for this, it is seeking collaboration with military organisations. more... (D

Bank of Chinamay enter Pakistan

Bank of China (BOC), the second Chinese bank after ICBC, is likely to make entry in Pakistan, said banking sources on Thursday. Entrance of Asian banking giants following exodus of western banks suggest changing dynamics of banking industry in Pakistan, the sources added. more... (D)

Brisk buying in new crop

Brisk activity was witnessed in new crop cotton as spinners kept chasing every lot that was offered for sale by ginners. However, some corrective nature of downward adjustment was noted in prices. more... (D)

Company & Sector Update

OGRA notifies new LPG prices

The Oil and Gas Regulatory Authority (OGRA) on Thursday notified the prices of Liquified Petroleum Gas (LPG) for domestic consumer.The price for local and imported mix LPG has been fixed as Rs 1020 per 11.8 kg cylinder i.e. Rs. 86.4 per kg. more.. (BR)

Cement sales up by 9pc in 2012

Domestic sale of cement in volume has jumped by 8.8 percent to 23.95 million tons in June 2012 compared to 22 million tons in June 2011 due to rise in construction activities in the country. more... (BR)

Govt set to produce 3.3 million ton meat in 2012-13

The government has set the target of producing about 3.3 million tons of meat during the current financial year to full fill the domestic demand as well as for export purposes. more... (BR)

FBR issues exemption certificate to Cyber Internet Services

A statement issued by FBR here on Thursday said, "It is hereby directed that no deduction of tax shall be made under Sub-section (1) of section 153 of the income tax ordinance 2001 in the case of Cyber Internet Services Karachi from payments representing services rendered by it". more... (BR)

Political

Long road ahead in US-Pakistan ties after Nato deal: Sherry

Pakistan and the United States are set to resume broader talks on security cooperation, militant threats, aid and other issues in the wake of an agreement to reopen supply routes into Afghanistan, Pakistan’s envoy to Washington said on Thursday. more... (D)

Krishna to visit Pakistan in September

The incorrigible naysayers were isolated and the maligned idealists were rewarded by India and Pakistan whose foreign secretaries set the stage on Thursday for a political engagement between the two countries — despite the never ending hiccups — to consolidate the gains of their revived dialogue. more... (D)

UK agency refuses to clarify Malik’s citizenship status

According to an official letter from the United Kingdom Border Agency (UKBA) in response to a request from The Express Tribune, Adviser to Prime Minister on Interior Affairs Rehman Malik was supposed to submit a £385 fee along with his application. more... (ET)

Imran criticises govt on Nato supply resumption, contempt of court law

Pakistan Tehreek-i-Insaf (PTI) Chief Imran Khan said that the decision to resume Nato supply routes to Afghanistan violated the supremacy of the parliament, DawnNews reported.more... (D)

GCC

BankMuscat rights issue to raise RO 96.7m

The proceeds of the issue will be utilised by the bank for financing growth resulting from the credit expansion following general economic growth in Oman; capitalising Islamic banking business and enhancing capital adequacy ratio to enable readiness for adoption of Basel III when introduced. more... (Zawya)

Qatar stands firm on improved Xstrata bid

Glencore, Xstrata’s top shareholder with an almost 34% stake, is offering 2.8 new shares for every Xstrata share it does not already hold, in a $26bn all-paper bid. more... (Gulfbase)

GCC firms boost aggregate first quarter profit to $14.1b

GCC companies reported an aggregate first-quarter profit of $14.1 billion, which was a 12 per cent year-on-year increase compared with a profit of $12.6 billion for the first quarter of 2011, according to research by Bahrain-based Securities and Investment Company (Sico).more. (Gulf Base)

Dubai stocks hit 8-week peak

Dubai's bourse mounted a late-session rally yesterday to end higher for a fourth day in five as investor risk appetite increased, while Qatar National Bank lifted Doha's index after the lender reported second-quarter profit growth.' more... (Gulf Base)

 

Quote of the Day:

"The secret of business is to know something that nobody else knows." Aristotle Onassis




 
Economic Highlights
Economic Indicators
GDP Growth FY12
3.70%
GDP -2011
$180 bn
Per Capita Income FY12
$1,372
Population
178.09mn
US$ Reserves (June 29, 2012)
$15.24 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 (June 12) 11.5%
   
NFNE Core INFL -FY12(Jul 11 - June 12) 10.6%

Money Market

 
Price
Change
05-Jul-12
04-Jul-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.274
0.38%
11.78%
11.90%
-11.90
     
05-Jul-12
04-Jul-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
913.86
904.45
9.41

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  
9.25
11.40
11.75
11.90
11.90
12.00
Low  
9.00
11.25
11.65
11.75
11.75
11.80

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
95.1
119.00
1.19
148.50
25.95
0.92
0.74

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
13.14
13.12
13.08
13.12
10 Y-PIB
13.38
13.36
13.36
13.38

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.81
1.38
1.58
1.65
3.09
8.18
13.36
Change bps
0.00
-7.00
-1.00
-7.00
-5.00
1.60
0.00

Commodities

     
05-Jul-12
06-Jul-12
change
WTI (USD/bbl)    
86.98
86.11
-1.00%
     
Brent (USD/bbl)    
99.38
99.55
0.17%
     
Arab Light (USD/bbl)    
99.15
98.68
-0.47%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
97.21
99.69
-2.49%
Furnace Oil (Rs/ton)
70,405.04
73,062.60
-3.64%
Cement (Rs. Bag Avg)
443.13
441.25
0.42%
Urea Fertilizer (Rs/bag)
1,736.67
1,719.58
0.99%
Gold 24cr (Rs./10gm) Khi
50,307.71
50,558.84
-0.50%
Rice IRRI -6(Rs/100kg)
3,563.00
3,563.00
0.00%
KCA Cotton (Rs/mound)
6,100.00
6,200.00
-1.61%
International
Current
Previous
Change
Coal Spot(USD/ton)
86.75
83.10
4.39%
Gold Futures(USD/oz)
1,605.20
1,617.00
-0.73%
Sugar 11 (USD/lb)
21.92
21.98
-0.27%
Steel (USD/ton)
641.44
642.77
-0.21%
Wheat (CBT) (USD/bu)
838.00
799.25
4.85%
PTA (USD/ton)
960.00
930.00
3.23%
Copper (USD/ton)
7,699.50
7,724.50
-0.32%

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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.