BasedLine

Date: 17-July-2012
KSE-100 Index
Previous Index 14,332.29
Current Index 14,384.58
Change % 0.36%
YTD (CY12) 26.76%
YTD (FY13) 4.23%
KSE-100 Index
Previous Index 24,679.80
Current Index 24,772.25
Change % 0.37%
YTD (CY12) 23.01%
YTD (FY13) 4.19%
International Indicators
 
Close
%age
BSE-30 17,103.31 -0.64
HANGSENG 19,192.34 0.15
NIKKEI 225 8,724.12 0.05
FTSE 5,662.43 -0.07
DJIA 12,727.21 -0.39
SSEC 2,159.73 0.55
NASDAQ 2,896.94 -0.40
 
Close
%age
TASI 6,641.30 -0.33
KSE(Kuwait) 5,860.38 0.09
BSE 1,115.14 0.23
MSM 5,498.51 0.56
ADX 2,456.89 -0.16
DFM 1,516.53 0.93
QSE 8,295.03 0.14
Capital Market Overview

Market watch: Bourse consolidates ahead of corporate results

The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.36% or 52.29 points to end at the 14,384.58 points level. Trade volumes slumped to 74 million shares, compared with Friday’s tally of 112 million shares. The value of shares traded during the day was Rs2.92 billion. more... (ET)

NAVs and Returns
as of Jul 16, 2012
Funds Offer Redemption
POGSF
10.1023/-
10.1023/-
YTD Return
10.27%
POAIIF
52.1394/-
51.6180/-
YTD Return
8.82%
POAAAF
52.28/-
50.97/-
YTD Return
1.80%
POIAAF
54.85/-
53.48/-
YTD Return
1.73%
POAF
11.44/-
YTD Return
5.33%
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
37.43
3,368
55.40
2.62
26.76%
KSE30
7.29
656
34.23
2.05
22.26%
KMI30
5.29
477
27.69
1.68
23.01%
KSE All
40.57
3,651
73.85
2.92
28.77%
July 16, 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
179.08
122.69
7.72%
OGDC
17.00
168.12
160.45
4.79%
UBL
1.80
87.16
42.47
11.20%
LUCK
1.70
126.63
40.11
9.74%
July 16, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
26.98
-33.94
-6.96
Foreign Corporates
2,009.99
-73.14
1,936.85
Overseas Pakistani
256.59
-313.21
-46.61
Grand Total
2,303.59
-420.29
1,883.28
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
13-Jul-12
16-Jul-12
Change
Gross Buy
516.56
22.57%
39.62
90.87%
0.99
2.30
132.09%
Gross Sell
-531.64
36.96%
-22.30
-81.07%
-0.96
-0.42
56.20%
Net Buy/(Sell)
-15.32
-144.01%
16.41
-116.91%
0.03
1.88
5596.92%
S.C.R.A
Country
During the Period FY13TD
13-07-2012
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
1.47
-
-
33.00
-
-
-2.02
0.31
-
0.31
Switzerland
0.12
-
-
0.24
-
-
-0.13
0.01
0.24
-0.23
UAE
0.04
0. 40
-
-
-
-
0.44
-
-
-
UK
1.60
19.26
-
4.80
-
-
15.98
0.23
0.06
0.11
USA
17.80
-
-
2.27
-
-
15.53
2.06
0.06
2.00
Total
23.93
19.66
-
11.91
-
-
31.60
2.60
0.36
2.19



News Clippings
Economy

Korea to invest in Pakistan: envoy

Ambassador of Republic of Korea, Choi Choong Joo has said his country would eager to enhance trade relations with Pakistan and Korea is keen to invest in Pakistan. more... (DT)

Pakistan, China ink agreement for cooperation in archive

Pakistan and China Monday signed an agreement on archives that would open yet another door of cooperation for mutual benefits of the two countries. more... (BR)

Fiscal deficit reaches whopping Rs1.68 trillion

While the government is still trying to somehow reconcile the numbers – the budget deficit has reached a whopping Rs1.68 trillion or 8% of the total size of the economy. The ministry had initially estimated the deficit to be Rs850 billion or 4% of the GDP. Even after it revised its estimates the figure stood at 6.1%, according to the Economic Survey of Pakistan. more... (BR)

FBR may reduce withholding tax rate to 0.1pc

The Federal Board of Revenue (FBR) may reduce the withholding tax to 0.1 percent to be deducted by manufacturers at the time of sale made to distributors, dealers and wholesalers, official sources said on Monday. more... (N)

Company & Sector Update

Import of used cars dents local output by 25,000 units

The local production of cars has registered a massive reduction of 22,000-25,000 units due to import of 50,000 used cars, shrinking the local market to currently 30 percent or 140,000 units from its peak level of the year 2007 when some 200,000 units were produced. more... (DT)

Pakistan motorcycle sector — issues and prospects

Pakistan motorcycle industry sector is vibrant, flourishing and exemplary, as it achieved 95 percent localisation through latest technology transfer, billions of rupees investment and hundreds of thousands of skilled workers. more... (DT)

Mansha to march into Indian banking sector

Mian Mohammad Mansha, Pakistan’s richest man and chairman of the $5 billion Nishat Group, says he is keen to launch banking services in India. more... (ET)

Gift from UAE: Power plant proves to be a headache for government

A 320 Megawatt (MW) power plant gifted by the United Arab Emirates (UAE) has proven to be a white elephant for the government due to its poor efficiency in generating electricity. more... (ET)

Political

CJ says courts can guide legislatures to amend laws

Addressing the lawyers’ community at the inauguration ceremony of the Judicial Complex here on Monday, the chief justice said there was no doubt that judges could not legislate but they could at least set such standards through their rational and research-based judgments to serve as guidelines for legislators for making necessary changes in outdated laws and regulations. more... (D)

New protest at reopening of NATO supply routes

Thousands of people gathered at a park in northwest Monday for a protest at the reopening of NATO supply routes into Afghanistan, which will culminate in a march the following day. more... (BR)

Pakistani, Saudi leadership discuss regional and international situation

Prime Minister Raja Pervez Ashraf Monday had an audience with King of Saudi Arabia and custodian of two Holy Mosques Abdullah bin Abdul Aziz and discussed bilateral relations, situation in the region and international issues. more... (BR)

Media paints negative picture of Balochistan: CM

It’s proverbial Nero-fiddles-while-Rome-burns situation. While Balochistan is sliding into chaos, the chief minister says the situation is not as bad as is portrayed by the media. more... (ET)

GCC

Saudi economic growth to slow in ’13: Poll

Saudi economy is expected to expand at a median rate of 5.2 percent this year, instead of the 4.5 percent forecast in the March poll, a Reuters poll of analysts showed. Last year, the Saudi economy grew 6.8 percent. However, the Kingdom’s outlook for next year was cut to 4.0 percent from 4.3 percent. more... (Gulf Base)

Alstom to supply the steam tail for the Riyadh PP12 gas-fired power plant in Saudi Arabia

Alstom Thermal Power, has signed a contract worth over €100 million with Arabian Bemco Contracting Co. & GS E&C to provide the steam tail for the Riyadh PP12 gas-fired power plant being constructed by them for the Saudi Electric Company (SEC). more... (Zawya)

Qatar credit growth expands 35.3% until April this year

Qatar’s credit growth accelerated in the first months of this year, expanding by 35.3% through to April 2012, according General Secretariat for Development Planning report on Qatar’s Economic Outlook for 2012-13. more. (Gulf Base)

Barclays to quit UAE rate panel

British bank Barclays plans to pull out of the rate-setting panel for interbank lending in the United Arab Emirates because of its involvement in the Libor scandal in Britain, industry sources told Reuters yesterday. more... (Gulf Base)

 

Quote of the Day:

"Anyone who has lost track of time when using a computer knows the propensity to dream, the urge to make dreams come true and the tendency to miss lunch." Tim Berners-Lee


 
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
95.25
117.00
1.20
148.60
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

     
16-Jul-12
17-Jul-12
change
WTI (USD/bbl)    
86.93
88.60
1.92%
     
Brent (USD/bbl)    
102.62
103.54
0.90%
     
Arab Light (USD/bbl)    
101.12
102.32
1.19%

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
50,189.42
50,009.21
0.36%
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)
1,594.00
1,587.00
0.44%
Sugar 11 (USD/lb)
22.77
22.73
0.18%
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.