BasedLine

Date: 13-July-2012
KSE-100 Index
Previous Index 14,380.46
Current Index 14,401.74
Change % 0.15%
YTD (CY12) 26.91%
YTD (FY13) 4.35%
KSE-100 Index
Previous Index 24,830.56
Current Index 24,825.16
Change % -0.02%
YTD (CY12) 23.28%
YTD (FY13) 4.43%
International Indicators
 
Close
%age
BSE-30 17,232.55 -1.47
HANGSENG 19,025.11 -2.03
NIKKEI 225 8,720.11 -1.48
FTSE 5,608.25 -0.99
DJIA 12,573.27 -0.25
SSEC 2,184.82 -0.03
NASDAQ 2,866.19 -0.75
 
Close
%age
TASI 6,659.58 -0.80
KSE(Kuwait) 5,860.71 -0.13
BSE 1,113.89 0.11
MSM 5,445.29 -0.20
ADX 2,466.54 0.05
DFM 1,491.08 0.74
QSE 8,285.03 0.52
Capital Market Overview

Market watch: Stocks close flat while pundits return for results season

Thursday saw greater participation at the stock market as investors trickled back into the market for the corporate results announcements season. The market rallied to an intraday high of 14,500 points before investors chose to cash in on inflated levels; leaving the market to close with only marginal gains.The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.15% or 21.28 points to end at the 14,401.74 points level. more... (ET)

NAVs and Returns
as of Jul 12, 2012
Funds Offer Redemption
POGSF
10.0919/-
10.0919/-
YTD Return
10.41%
POAIIF
52.0912/-
51.5703/-
YTD Return
8.83%
POAAAF
52.17/-
50.87/-
YTD Return
1.60%
POIAAF
54.68/-
53.31/-
YTD Return
1.41%
POAF
11.43/-
YTD Return
2.62%
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
37.51
3,376
83.23
4.37
26.91%
KSE30
7.33
660
49.25
3.46
22.72%
KMI30
5.33
479
36.79
2.86
23.28%
KSE All
40.58
3,652
109.10
4.63
28.93%
July 12, 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
179.13
122.69
7.75%
OGDC
17.00
170.09
160.45
6.01%
UBL
1.80
84.99
42.47
8.43%
LUCK
1.70
125.27
40.11
8.56%
July 12, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
10.21
-0.50
9.70
Foreign Corporates
3,095.44
-2,341.02
754.42
Overseas Pakistani
491.41
-426.72
64.69
Grand Total
3,597.06
-2,768.24
828.82
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
11-Jul-12
12-Jul-12
Change
Gross Buy
513.26
22.75%
36.32
145.51%
1.84
3.60
95.93%
Gross Sell
-530.26
37.77%
-20.92
-79.34%
-0.91
-2.77
-203.16%
Net Buy/(Sell)
-17.13
-149.22%
14.59
-116.87%
0.92
0.83
-10.18%
S.C.R.A
Country
During the Period FY13TD
11-07-2012
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
1.27
-
-
0.65
-
-
0.62
0.01
-
0.01
Luxembourg
0.17
-
-
33.00
-
-
-3.32
-
0.01
-0.01
Switzerland
0.11
-
-
-
-
-
0.11
-
-
-
UAE
0.04
0. 40
-
-
-
-
0.44
-
-
-
UK
1.02
19.26
-
4.71
-
-
15.55
0.35
0.01
0.35
USA
14.98
-
-
2.03
-
-
12.95
2.33
0.11
2.12
Total
19.22
19.66
-
11.34
-
-
27.52
2.61
0.13
2.48



News Clippings
Economy

Mew markets to be set up in Balochistan to boost Pak, Iran bilateral trade

Pakistan Peoples Party leader Bismillah Khan Kakar has said that markets will be established in Balochistan for boosting trade with Iran. more... (D)

Plan to raise Rs80bn for fuel supply

Amid worsening cash flows of Pakistan State Oil and over Rs32 billion of foreign liabilities due within this month against oil imports, a meeting presided over by Prime Minister Raja Pervez Ashraf on Thursday decided to raise about Rs80 billion from the banking sector. more... (D)

Services exports fall 15pc

Pakistan’s export of services fell by over 15 per cent in the first 11 months (July-May) of 2011-12 from a year ago, data released by the Pakistan Bureau of Statistics showed on Thursday. more... (D)

Reserves fall to $14.9bn

The foreign exchange reserves of the country dropped to $14.909 billion in the week ending July 6 from $15.236 billion in the previous week, the State Bank of Pakistan said on Thursday. more... (D)

Company & Sector Update

Ogra wants oil prices unchanged

Even though international prices have inched up, the Oil and Gas Regulatory Authority (Ogra) on Thursday recommended to the government to keep the prices of four major oil products unchanged and reduce petroleum levy to maintain the prices at the existing level. more... (D)

Automobile sales hit highest level in 4 years

Tax relief and yellow cab scheme have pushed the automobile companies’ sales upward despite tough circumstances like inflows of imported cars and shortage of imported spare parts, as the industry managed to complete the financial year 2011-12 with highest selling units of 179,000 after four years. more... (DT)

LPG shortage looms

Following a notification by Oil and Gas Regulatory Authority (Ogra) to cap the price of imported LPG below its landed cost, LPG importers have begun to cancel their shipments ahead of Ramazan. more... (D)

Lint price report clarified

The Karachi Cotton Association (KCA) circulated on Wednesday faulty information to the media.It quoted highly-exaggerated rates of cotton transactions in certain markets in Punjab. The rates reflected 50 per cent hike in the markets. more... (D)

Political

Reactions: ‘New contempt law won’t save PM Ashraf’

The Supreme Court’s order in the National Reconciliation Ordinance (NRO) implementation case on Thursday triggered a fresh round of legal debate regarding the fate of the premier, and the role that the controversial new contempt legislation will play in saving him from disqualification. more... (ET)

US, Pakistan to ink new deal on NATO supply routes

Islamabad and Washington will soon formally sign a new agreement to regulate trucks carrying supplies for Nato troops in Afghanistan, the Foreign Office said on Thursday. more... (ET)

PPP not to go for caretaker set-up if PM removed

President Asif Ali Zardari signed into law on Thursday the Contempt of Court Bill, 2012, adopted by both houses of parliament. more... (D)

Railways scam: NAB to probe $92m Chinese engines deal

The Public Accounts Committee (PAC) ordered National Accountability Bureau (NAB) on Thursday to investigate the $92 million case of purchasing 175 railway coaches without ensuring fair competition, making it the eighth case of Pakistan Railways to be investigated by NAB. more... (ET)

GCC

Sukuk lift Qatar and Dubai

Markets in Qatar and Dubai rallied on strong demand for Islamic bonds and as investors positioned themselves ahead of the release of corporate earnings for the second quarter. more... (Gulf Base)

‘Qatargas plans halt of train in September’

Qatar Liquefied Gas Co (Qatargas), the world’s largest producer of the fuel, plans to shut its liquefaction plant number 5 in September, two people with knowledge of the work said. more... (Gulf Base)

Qatar buys fashion house Valentino: firm

"Mayhoola for Investments SPC, an investment vehicle backed by a major private investor group from Qatar, has agreed to acquire Valentino Fashion Group SpA," said Permira, which has a controlling interest in the group. more. (Zawya)

Airbus says MEA proposes to buy 10 neo jets

European aircraft maker Airbus announced Thursday that Lebanese airline MEA has proposed to buy ten of its single-aisle neo passenger planes. Airbus did not disclose the deal amount for the aircraft, which have a combined list price of $1.0 billion at list prices. more... (Zawya)

 

Quote of the Day:

"Believe you can and you're half way there. " Theodore Roosevelt




 
Economic Highlights
Economic Indicators
GDP Growth FY12
3.70%
GDP -2011
$180 bn
Per Capita Income FY12
$1,372
Population
178.09mn
US$ Reserves (July 12, 2012)
$14.91 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
12-Jul-12
11-Jul-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.66
0.31%
11.65%
11.75%
-9.60
     
12-Jul-12
11-Jul-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
928.29
927.96
0.32

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.60
11.73
11.78
11.88
Offer
12.10
11.98
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
11.85
11.90
11.90
12.00
Low  
11.90
11.90
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
117.00
1.18
146.50
25.60
0.78
0.73

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.85
11.87
11.90
Last Cut Off.
11.87
11.92
11.94
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
13.02
12.99
12.99
13.12
10 Y-PIB
13.31
13.26
13.29
13.38

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.77
1.25
1.47
1.53
2.89
8.10
13.26
Change bps
-1.00
-2.00
-3.00
-3.00
-2.00
-3.80
-3.00

Commodities

     
12-Jul-12
13-Jul-12
change
WTI (USD/bbl)    
85.83
85.94
0.13%
     
Brent (USD/bbl)    
100.13
100.72
0.54%
     
Arab Light (USD/bbl)    
99.59
99.63
0.04%

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
48,812.89
48,838.60
-0.05%
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)
1,570.50
1,571.50
-0.06%
Sugar 11 (USD/lb)
22.46
22.88
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.