BasedLine

Date: 12-July-2012
KSE-100 Index
Previous Index 14,374.33
Current Index 14,380.46
Change % 0.04%
YTD (CY12) 26.73%
YTD (FY13) 4.20%
KSE-100 Index
Previous Index 24,852.17
Current Index 24,830.56
Change % -0.09%
YTD (CY12) 23.30%
YTD (FY13) 4.43%
International Indicators
 
Close
%age
BSE-30 17,489.14 -0.73
HANGSENG 19,419.87 0.12
NIKKEI 225 8,851.00 -0.08
FTSE 5,664.48 0.01
DJIA 12,604.53 -0.38
SSEC 2,169.35 -0.28
NASDAQ 2,887.98 -0.49
 
Close
%age
TASI 6,659.58 -0.80
KSE(Kuwait) 5,868.20 0.26
BSE 1,112.63 -0.19
MSM 5,456.04 -0.74
ADX 2,465.41 -0.39
DFM 1,480.18 -0.55
QSE 8,242.11 0.36
Capital Market Overview

Market watch: Stock market witnesses another dull day

The Karachi Stock Exchange’s (KSE) benchmark 100-share index closed up marginally by 0.04% or 6.12 points to end at the 14,380.46 points level. Trade volumes declined to 81 million shares compared with Tuesday’s tally of 83 million shares. The value of shares traded during the day was Rs2.37 billion. . more... (ET)

NAVs and Returns
as of Jul 11, 2012
Funds Offer Redemption
POGSF
10.0888/-
10.0888/-
YTD Return
10.28%
POAIIF
52.0830/-
51.5622/-
YTD Return
9.10%
POAAAF
52.15/-
50.85/-
YTD Return
1.56%
POIAAF
54.63/-
53.26/-
YTD Return
1.31%
POAF
11.42/-
YTD Return
1.90%
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
37.46
3,371
57.12
2.17
26.73%
KSE30
7.33
659
22.48
1.32
22.67%
KMI30
5.33
480
13.96
0.93
23.30%
KSE All
40.50
3,645
80.60
2.37
28.66%
July 11, 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
179.89
122.58
8.21%
OGDC
17.00
170.49
160.29
6.26%
UBL
1.80
83.43
42.43
6.44%
LUCK
1.70
123.93
40.07
7.40%
July 11, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
2.76
-0.55
2.20
Foreign Corporates
1,556.05
-734.60
821.45
Overseas Pakistani
277.04
-177.98
99.07
Grand Total
1,835.85
-913.13
922.72
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
10-Jul-12
11-Jul-12
Change
Gross Buy
509.66
22.09%
32.72
139.28%
1.83
1.84
0.09%
Gross Sell
-527.49
37.43%
-18.15
-81.20%
-0.60
-0.91
-53.20%
Net Buy/(Sell)
-17.92
-150.92%
13.81
-116.66%
1.24
0.92
-25.47%
S.C.R.A
Country
During the Period FY13TD
10-07-2012
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
1.26
-
-
0.65
-
-
0.61
0.03
-
0.03
Luxembourg
0.17
-
-
33.00
-
-
-3.31
-
0.15
-0.15
Switzerland
0.11
-
-
-
-
-
0.11
-
-
-
UAE
0.04
0. 40
-
-
-
-
0.44
-
-
-
UK
0.67
19.26
-
4.70
-
-
15.20
-
0.18
-0.18
USA
12.75
-
-
1.92
-
-
10.84
0.45
0.24
0.21
Total
16.61
19.66
-
11.21
-
-
25.04
0.82
0.57
0.26



News Clippings
Economy

Removal of negative list, non-trade barriers to benefit Pak-India traders

Removal of negative list for trade with India and removal of non-tariff barriers (NTF) by India for trade with Pakistan would have far reaching effects on economies of the two countries and people would be benefit. more... (BR)

NAB summons officials of 5 major cellphone firms

The National Accountability Bureau has summoned representatives of five major cellular companies – the National Telecommunication Corporation, Mobilink, Warid, Telenor and Paktel/Zong — to record their statements in the Rs47 billion tax evasion case, it was officially announced on Wednesday. more... (D)

NEPRA notifies increase in power tariff

The National Electric Power Regulatory Authority (Nepra) has issued a notification for increase in power tariff by Rs1.51 per unit on account of fuel price adjustment charges for the month of May. more... (ET)

‘EU enacted bill to give increased market access’

Prime Minister Raja Pervez Ashraf on Wednesday said that the EU Parliament has enacted a bill giving increased market access to Pakistani exports. more... (DT)

Company & Sector Update

Sugar stocks enough for six months, says TCP

The Trading Corporation of Pakistan (TCP) has announced that its sugar stocks are enough for six months including Ramazan, a month when demand for the sweetener rises sharply for a variety of uses. more.. (ET)

IPO sale: Aisha Steel Mills surprises itself

Aisha Steel Mills has successfully pulled off the most successful Initial Public Offering of the past three financial years. The steel manufacturer aimed to raise Rs100 million and ended up with Rs270 million, making it the best performing offering among the past 14. more... (ET)

Meeting textile sector’s requirements: Body to chalk out plan for import of 500mmcfd LNG

Prime Minister Raja Pervez Ashraf here on Wednesday constituted a three-member committee to chalk out a plan for early import of 500 million cubic feet per day (mmcfd) liquefied natural gas (LNG) to meet gas shortfall for the textile sector. more... (DT)

Winter is coming...: Pakistan seeking 1.06m tons of oil

Pakistan State Oil (PSO) is seeking a total of 1.06 million tons of gasoline and fuel oil for August to October arrival at the port of Karachi in a tender closing on July 24, the company said on its website. more... (ET)

Political

Senate passes contempt exemption bill

Upper house of parliament Wednesday passed a bill that would exempt senior government figures from contempt of court proceedings, in an apparent bid to save the new prime minister from disqualification. more... (BR)

Cabinet approves increase in non-Muslims' seats in assemblies

The Federal Cabinet on Wednesday in principle approved to increase the number of seats reserved for non-Muslims in Assemblies proportionate to their population. more... (BR)

Khar to visit Washington to chalk out ‘clear-cut’ deal

Foreign Minister Hina Rabbani Khar will soon visit Washington in an effort to chalk out a ‘clear-cut’ deal on the relationship between the two countries, a Pakistani diplomat posted in Washington told The Express Tribune. more... (ET)

Transition time: PPP, PML-N set for talks on caretaker setup

After having reached an amiable consensus over a new chief election commissioner, the country’s two largest political parties are now said to be planning to open talks for bringing in a caretaker setup to oversee general elections. Both are said to want fresh parliamentary polls to be held within this year. more... (ET)

GCC

Credit saw strong growth in May, says NBK report

Credit growth continues to display signs of improvement compared to last year, gaining 3.9 percent year-on-year (y/y), a significant rise from the -0.4 percent (y/y) growth observed during the same period in 2011, a specialized report said on Wednesday. more... (Gulf Base)

Qatar attracts demand for $4b sukuk

DP World Sokhna, the Red Sea commercial gateway to Egypt’s capital Cairo, has received two new STS (ship-to-shore) gantry cranes in a further boost to productivity at the container facility operated by global marine terminal operator DP World. more... (Gulf Base)

Oman surplus widens to $4.2bn; inflation hits lowest in 27 months

Oman’s budget surplus rose to 1.6bn rials ($4.2bn) in the first five months of this year as oil revenue soared, while inflation slowed sharply, data showed yesterday. more. (Gulf Base)

Emaar plans $500mn sukuk

Emaar Properties, builder of the world’s tallest tower, plans to issue a $500mn seven-year sukuk this week, arranging banks said, joining a growing list of Gulf Arab entities tapping demand for Islamic debt. more... (Gulf Base)

 

Quote of the Day:

"Business, more than any other occupation, is a continual dealing with the future; it is a continual calculation, an instinctive exercise in foresight." Henry R. Luce




 
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
11-Jul-12
10-Jul-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.40
0.02%
11.75%
11.75%
0.20
     
11-Jul-12
10-Jul-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
927.96
932.66
-4.69

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

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
94.90
116.90
1.18
146.60
25.70
0.80
0.73

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.85
11.88
11.96
Last Cut Off.
11.87
11.92
11.94
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
13.02
12.99
13.00
13.12
10 Y-PIB
13.31
13.29
13.29
13.38

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.78
1.27
1.50
1.56
2.91
8.14
13.29
Change bps
-1.00
-5.00
0.00
-2.00
-8.00
-0.90
0.00

Commodities

     
11-Jul-12
12-Jul-12
change
WTI (USD/bbl)    
84.16
85.83
1.98%
     
Brent (USD/bbl)    
98.25
100.13
1.96%
     
Arab Light (USD/bbl)    
97.08
99.59
2.59%

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
48,838.60
48,894.32
-0.11%
Rice IRRI -6(Rs/100kg)
3,506.00
3,582.00
-2.12%
KCA Cotton (Rs/mound)
6,000.00
6,100.00
-1.64%
International
Current
Previous
Change
Coal Spot(USD/ton)
88.05
86.75
1.50%
Gold Futures(USD/oz)
1,571.50
1,573.00
-0.10%
Sugar 11 (USD/lb)
22.88
22.49
1.73%
Steel (USD/ton)
631.69
633.87
-0.34%
Wheat (CBT) (USD/bu)
826.25
821.25
0.61%
PTA (USD/ton)
1,005.00
960.00
4.69%
Copper (USD/ton)
7,548.00
7,491.00
0.76%

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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.