BasedLine

Date: 11-July-2012
KSE-100 Index
Previous Index 14,379.54
Current Index 14,374.33
Change % -0.04%
YTD (CY12) 26.67%
YTD (FY13) 4.15%
KSE-100 Index
Previous Index 24,787.66
Current Index 24,852.17
Change % 0.26%
YTD (CY12) 23.41%
YTD (FY13) 4.52%
International Indicators
 
Close
%age
BSE-30 17,618.35 1.30
HANGSENG 19,396.36 -0.16
NIKKEI 225 8,857.36 -0.44
FTSE 5,664.07 0.65
DJIA 12,653.12 -0.65
SSEC 2,159.75 -0.22
NASDAQ 2,902.33 -1.00
 
Close
%age
TASI 6,713.18 -0.65
KSE(Kuwait) 5,853.08 0.19
BSE 1,114.72 -0.18
MSM 5,496.47 -0.68
ADX 2,474.97 -0.15
DFM 1,488.39 -0.24
QSE 8,271.79 0.29
Capital Market Overview

Market watch: Volatile session ends where it started

The stock market closed flat after witnessing a mixed session on Tuesday amid low volumes.The Karachi Stock Exchange’s (KSE) benchmark 100-share index crawled down 0.04 per cent or 5.21 points to end at the 14,374.33 point level. more... (ET)

NAVs and Returns
as of Jul 10, 2012
Funds Offer Redemption
POGSF
10.0865/-
10.0865/-
YTD Return
10.44%
POAIIF
52.0703/-
51.5496/-
YTD Return
9.08%
POAAAF
52.21/-
50.90/-
YTD Return
1.66%
POIAAF
54.79/-
53.42/-
YTD Return
1.62%
POAF
11.42/-
YTD Return
1.03%
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
37.44
3,370
65.46
3.62
26.67%
KSE30
7.33
660
36.18
2.62
22.80%
KMI30
5.33
480
25.93
2.02
23.41%
KSE All
40.47
3,642
82.53
3.78
28.57%
July 10, 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
179.39
122.66
7.91%
OGDC
17.00
170.34
160.40
6.17%
UBL
1.80
84.16
42.46
7.37%
LUCK
1.70
124.42
40.10
7.83%
July 10, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
5.35
-21.14
-15.79
Foreign Corporates
1,449.81
-277.15
1,172.66
Overseas Pakistani
378.97
-297.76
81.22
Grand Total
1,834.13
-596.04
1,238.09
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
09-Jul-12
10-Jul-12
Change
Gross Buy
507.83
22.66%
30.89
142.28%
3.39
1.83
-45.90%
Gross Sell
-526.58
37.48%
-17.24
-34.17%
-0.90
-0.60
33.77%
Net Buy/(Sell)
-18.79
-157.91%
12.93
-196.24%
2.49
1.24
-50.28%
S.C.R.A
Country
During the Period FY13TD
09-07-2012
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
1.23
-
-
0.65
-
-
0.58
-
-
-
Luxembourg
0.17
-
-
33.00
-
-
-3.16
0.17
0.12
0.06
Switzerland
0.11
-
-
-
-
-
0.11
-
-
-
UAE
0.04
0. 40
-
-
-
-
0.44
-
-
-
UK
0.67
19.26
-
4.52
-
-
15.39
-
0.18
-0.17
USA
12.30
-
-
1.68
-
-
10.62
1.16
0.03
1.13
Total
15.79
19.66
-
10.64
-
-
24.78
1.44
0.32
1.11



News Clippings
Economy

Remittances cross $13bn mark

Pakistani workers' remittances have crossed the $ 13 billion for the first time in country's history during the last fiscal year (2011-12). more... (BR)

Sindh inks MoUs worth $2b with Scottish firms

A delegation of the Sindh government signed several memorandums of understanding (MoUs) worth $2 billion with different business houses in Scotland, on Tuesday. The delegation was led by Governor Dr Ishratul Ebad and comprised federal and provincial ministers. more... (ET)

Electricity supply: Iran links power price with world crude rates

Iran has linked the price for export of 1,000 megawatts of electricity with international crude prices and the rate will fluctuate in the range of 7 to 11 cents per unit. more... (ET)

Trade gap widens by 36pc in 2011-12

Pakistan’s trade gap with the rest of the world witnessed a growth of over 36 per cent in 2011-12 over previous year because of increase in imports and fall in exports. more... (D)

Company & Sector Update

Pakistan earns $425mn from cotton export

Pakistan has earned $ 425 million from export of cotton while $ 320 million was spent on importing the commodity during last fiscal year 2011-12. more.. (BR)

Prices of imported, local cars raised

Makers have raised the prices of locally-assembled cars and brand new imported vehicles by more than the actual losing value of the rupee against the Japanese yen and the US dollar in the last one year. more... (D)

Cement export price for India slashed by 13 percent

Pakistani cement manufacturers have reduced export price for India by 13 percent due to appreciation of the greenback versus the rupee. more... (BR)

SECP penalizes non-compliant market participants

The Security and Exchange Commission of Pakistan (SECP) here on Tuesday took enforcement actions for non-compliance with the securities laws during the month of June. more... (BR)

Political

Govt committed to free, fair, transparent election: Pervez Ashraf

Prime Minister Raja Pervez Ashraf Tuesday said the government was committed to holding of free, fair and transparent election in the country and consensus on a new Chief Election Commissioner was a step in the right direction. more... (BR)

Fighting terror: Munter draws up another ‘to-do list’ for Pakistan

Barely a week after Pakistan reopened its territory to Nato supplies, US ambassador Cameron Munter has drawn up another “to-do list” for his country’s war-on-terror ally. more... (ET)

Contempt of Court bill: Zardari to take governors into confidence

President Asif Ali Zardar has convened a high-level meeting at Bilawal House on Wednesday to discuss the contempt of court and dual nationality legislation. more... (ET)

CNN interview: Drone strikes radicalise Pakistani tribes, says Sherry

Asserting that the US drone campaign is counterproductive, Pakistan’s Ambassador in Washington Sherry Rehman has said that negotiations with the United States over the controversial unilateral strikes are yet to take place. more... (ET)

GCC

Saudi inflation eases to 4.9% in June

Saudi Arabia's annual inflation eased to 4.9 percent in June, its lowest level since September 2011, despite a big rise in housing prices, an official statement said yesterday. more... (Zawya)

Boeing says Kuwait lessor to buy 20 of its 737 MAX planes

Boeing on Tuesday said Kuwaiti aircraft leasing company ALAFCO had commited to buy 20 of the US planemaker's future single-aisle 737 MAX planes worth a combined $1.9 billion. more... (Zawya)

AIR SHOW: Qatar Airlines Mulls UK Soccer Deal

Qatar Airways is mulling sponsoring an English Premier League soccer club as the aggressive Gulf airline, which is among Middle East and other Asian carriers that have grabbed a growing share of long-haul traffic to Europe, seeks to enhance its overseas reputation ahead of the 2022 World Cup. more. (Zawya)

Saudi stocks plunge to 9-day low

Saudi Arabia’s bourse slumped to a nine-day low Tuesday as investors reacted to second-quarter earnings, while UAE banks were steady despite three international lenders withdrawing from debt restructuring talks with Dubai Group.Saudi stock benchmark Tadawul All Share Index fell 0.65 percent to its lowest close since July 1 at 6,713.18 points. more... (Gulf Base)

 

Quote of the Day:

"Live out of your imagination, not your history." Stephen Covey




 
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-June 12)
$-21.27bn
Curr. A/C (July 11-May 12)
$-3.77bn
Remittances (July 11- June 12)
$13.19bn
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
10-Jul-12
09-Jul-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.38
0.12%
11.75%
11.78%
-3.4
     
10-Jul-12
09-Jul-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
932.66
934.77
-2.12

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  
11.90
11.85
11.85
11.90
11.90
12.00
Low  
11.90
11.75
11.75
11.75
11.75
11.80

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
94.55
116.70
1.18
146.50
25.75
0.81
0.74

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.84
11.88
11.96
Last Cut Off.
11.92
11.94
11.95
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
13.05
13.00
13.07
13.12
10 Y-PIB
13.31
13.29
13.35
13.38

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.79
1.32
1.50
1.58
2.99
8.15
13.29
Change bps
-1.00
0.00
-1.00
0.00
0.00
0.30
-6.00

Commodities

     
10-Jul-12
11-Jul-12
change
WTI (USD/bbl)    
84.76
84.16
-0.71%
     
Brent (USD/bbl)    
98.40
98.25
-0.15%
     
Arab Light (USD/bbl)    
98.80
97.08
-1.74%

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)
444.38
443.13
0.28%
Urea Fertilizer (Rs/bag)
1,750.00
1,736.67
0.77%
Gold 24cr (Rs./10gm) Khi
48,894.32
49,038.31
-0.29%
Rice IRRI -6(Rs/100kg)
3,582.00
3,568.00
0.39%
KCA Cotton (Rs/mound)
6,100.00
6,200.00
0.00%
International
Current
Previous
Change
Coal Spot(USD/ton)
88.05
86.75
1.50%
Gold Futures(USD/oz)
1,573.00
1,584.90
-0.75%
Sugar 11 (USD/lb)
22.49
22.70
-0.93%
Steel (USD/ton)
633.87
636.14
-0.36%
Wheat (CBT) (USD/bu)
821.25
828.25
-0.85%
PTA (USD/ton)
1,005.00
960.00
4.69%
Copper (USD/ton)
7,491.00
7,559.25
-0.90%

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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.