BasedLine

Date: 16-July-2012
KSE-100 Index
Previous Index 14,401.74
Current Index 14,332.29
Change % -0.48%
YTD (CY12) 26.30%
YTD (FY13) 3.85%
KSE-100 Index
Previous Index 24,825.16
Current Index 24,679.80
Change % -0.59%
YTD (CY12) 22.56%
YTD (FY13) 3.80%
International Indicators
 
Close
%age
BSE-30 17,213.70 -0.11
HANGSENG 19,092.63 0.35
NIKKEI 225 8,724.12 0.05
FTSE 5,666.13 1.03
DJIA 12,777.09 1.62
SSEC 2,159.69 -1.20
NASDAQ 2,908.43 1.62
 
Close
%age
TASI 6,662.96 -0.57
KSE(Kuwait) 5,854.99 -0.10
BSE 1,112.60 -0.12
MSM 5,468.13 0.42
ADX 2,460.74 -0.24
DFM 1,502.54 0.77
QSE 8,283.13 -0.02
Capital Market Overview

Market Watch: Investors ‘moody’ as bourse seesaws into the red

The Karachi Stock Exchange’s (KSE) benchmark 100-share index shed 0.48% or 69.45 points to end at the 14,332.29 points level. “Panic selling was witnessed in the second session in stocks across the board, ahead of major corporate earnings announcements at the KSE due next week,” added Ahsan Mehanti from Arif Habib Corp. more... (ET)

NAVs and Returns
as of Jul 13, 2012
Funds Offer Redemption
POGSF
10.0948/-
10.0948/-
YTD Return
10.46%
POAIIF
52.1033/-
51.5823/-
YTD Return
8.83%
POAAAF
52.12/-
50.82/-
YTD Return
1.50%
POIAAF
54.69/-
53.32/-
YTD Return
1.43%
POAF
11.43/-
YTD Return
3.25%
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
37.26
3,354
92.99
4.19
26.30%
KSE30
7.26
653
57.06
3.26
21.84%
KMI30
5.27
475
46.95
2.71
22.56%
KSE All
40.39
3,635
111.92
4.43
28.33%
July 13, 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
178.09
122.69
7.13%
OGDC
17.00
168.78
160.45
5.20%
UBL
1.80
84.66
42.47
8.01%
LUCK
1.70
125.88
40.11
9.09%
July 13, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
8.54
-14.77
-6.23
Foreign Corporates
614.27
-676.52
-62.25
Overseas Pakistani
369.72
-268.18
101.54
Grand Total
992.53
-959.48
33.06
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
12-Jul-12
13-Jul-12
Change
Gross Buy
514.25
22.03%
37.31
79.77%
3.60
0.99
-72.43%
Gross Sell
-531.22
36.85%
-21.88
-81.43%
-2.77
-0.96
65.36%
Net Buy/(Sell)
-17.10
-149.14%
14.62
-115.07%
0.83
0.03
-96.02%
S.C.R.A
Country
During the Period FY13TD
12-07-2012
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
-
-
-
Luxembourg
0.16
-
-
33.00
-
-
-2.33
0.99
-
0.99
Switzerland
0.11
-
-
-
-
-
0.11
-
-
-
UAE
0.04
0. 40
-
-
-
-
0.44
-
-
-
UK
1.37
19.26
-
4.71
-
-
15.87
0.35
0.03
0.32
USA
15.75
-
-
2.21
-
-
13.53
0.76
0.18
0.58
Total
21.32
19.66
-
11.55
-
-
29.41
2.11
0.21
1.89



News Clippings
Economy

Government plans to spend Rs38.7bn for less-developed regions this year

The government plans to spend Rs38.7 billion for accelerated development of less-developed regions of the country during the current fiscal year. more... (BR)

Despite challenges, LSM posts growth of 1.26 percent

Despite energy challenges, the large-scale manufacturing (LSM) sector posted a growth of 1.26 percent in the first eleven months of the fiscal year 2011-12 as against the same period of last year. more... (BR)

Withholding tax not applicable on all property transactions

The 0.5 percent adjustable withholding tax under section 236C of the Income Tax Ordinance 2001 on sellers of immovable property would not be applicable on property transactions where the Capital Gains Tax (CGT) is not collected under Finance Act 2012. more... (BR)

‘Pakistan-Iran can increase trade up to $10 billion'

Iran trades with a large numbers of countries but Iran wants to improve its bilateral trade ties with Pakistan further, as Iran and Pakistan can increase trade up to 10 billion dollar. more... (BR)

Company & Sector Update

Prices of petrol, light diesel and CNG increased

The government, through a notification issued on Sunday, increased the price of petrol by Rs1.41 to Rs85.90 from Rs84.49 per litre. The price of High Octane Blending Component (HOBC) was raised by Rs5.64 to Rs112.52 from Rs106.88 per litre. more... (D)

Fresh tender for procurement of 50,000 tons of urea issued

Following relaxation in rules by Public Procurement Regulatory Authority (PPRA), Trading Corporation of Pakistan (TCP) has decided to import urea on urgent basis and complete procurement for Kharif season in next two weeks. more... (BR)

Nokia: App summit to be held in Pakistan

Nokia has announced a one-of-its-kind event – the Nokia App Summit 2012 that will be held soon in Karachi to showcase its latest better, faster and smarter offerings along with a line-up of relevant app content developed by Pakistani developers that adds up to a mobility experience par excellence. more... (ET)

Cotton ginners allowed to pay tax to FBR directly

Federal Board of Revenue (FBR) has allowed the Cotton ginners to pay tax directly to the FBR against the sale of cotton to local textile mills and others so that they could claim their refunds as per rule, said Noor-ul-Ameen Hotiana. more... (BR)

Political

Obama welcomes Pak-India efforts to lessen tension

US President Barack Obama has ruled out any outside role in the Kashmir dispute but has emphasised the need for other nations to play a role in stabilising Pakistan. more... (D)

Caretaker govt negotiations: PPP allies waiting to be included in dialogue

While a fresh round of covert talks between the government and opposition has begun to draw a roadmap for the upcoming elections, allied partners of the ruling Pakistan Peoples Party (PPP) are still waiting to be taken into confidence. more... (ET)

New poll chief: ‘Ebrahim’s age, health is a concern’

Constitutional law experts stand deeply divided over questions surrounding the age and health of the new chief election commissioner (CEC). more... (ET)

Negotiating with the US: Pakistan offers new drone-use mechanism

With fissures in their bilateral ties quickly being healed, Pakistan has offered the US a new mechanism encompassing ‘surveillance’ of targeted operations against wanted militants as an alternative to drone strikes in the country’s tribal regions. more... (ET)

GCC

UAE Central Bank Tells Lenders to Hold 10% of Liabilities in Liquid Assets

The United Arab Emirates central bank is preparing local lenders for new Basel III banking supervision standards by requiring them to hold 10% of their liabilities in liquid assets starting next year, according to new regulations posted on the regulator's website. more... (Zawya)

UAE's Fujairah Pipeline Starts Up, First Cargo to Pakistan

A new oil pipeline that bypasses the Strait of Hormuz started its exports Sunday, and the first cargo is heading to a refinery in Pakistan, officials and industry sources said. more... (Zawya)

Petchems drag Saudi stocks after Q2 misses

Saudi Arabian petrochemical firms dragged down the bourse yesterday after Saudi Kayan, a unit of Saudi Basic Industries Corp (Sabic), reported a widening quarterly loss. more. (Gulf Base)

RAK visitors exceed 500,000 in Jan-May period

The Ras Al Khaimah Tourism Development Authority announced on Sunday that the total number of visitors to the emirate from January to May 2012 was recorded at 523,568 visitors, generating a revenue boost at almost Dh277 million ($75.5 million). more... (Gulf Base)

 

Quote of the Day:

"Lead, follow, or get out of the way." Laurence J. Peter


 
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
13-Jul-12
12-Jul-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.66
0.00%
11.66%
11.65%
0.30
     
13-Jul-12
12-Jul-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
927.96
928.29
-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  
11.90
11.80
11.85
11.90
11.90
12.00
Low  
11.25
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
95.35
117.60
1.17
148.10
26.10
0.77
0.73

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.86
11.89
11.91
Last Cut Off.
11.87
11.92
11.94
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
13.07
13.04
12.99
13.12
10 Y-PIB
13.36
13.32
13.26
13.38

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.78
1.26
1.49
1.55
2.92
8.10
13.32
Change bps
1.00
1.00
2.00
2.00
3.00
-0.70
6.00

Commodities

     
13-Jul-12
16-Jul-12
change
WTI (USD/bbl)    
85.94
86.93
1.15%
     
Brent (USD/bbl)    
100.72
102.62
1.89%
     
Arab Light (USD/bbl)    
99.63
101.12
1.50%

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
50,182.57
49,603.29
1.17%
Rice IRRI -6(Rs/100kg)
3,503.00
3,505.00
-0.06%
KCA Cotton (Rs/mound)
6,000.00
6,000.00
0.00%
International
Current
Previous
Change
Coal Spot(USD/ton)
88.05
86.75
1.50%
Gold Futures(USD/oz)
1,587.00
1,570.50
1.05%
Sugar 11 (USD/lb)
22.73
22.46
1.20%
Steel (USD/ton)
623.25
626.48
-0.52%
Wheat (CBT) (USD/bu)
847.75
846.75
0.12%
PTA (USD/ton)
1,005.00
960.00
4.69%
Copper (USD/ton)
7,709.00
7,573.50
1.79%

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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.