BasedLine

Date: 18-July-2012
KSE-100 Index
Previous Index 14,384.5
Current Index 14,443.64
Change % 0.41%
YTD (CY12) 27.28%
YTD (FY13) 4.65%
KSE-100 Index
Previous Index 24,772.25
Current Index 24,898.03
Change % 0.51%
YTD (CY12) 23.64%
YTD (FY13) 4.72%
International Indicators
 
Close
%age
BSE-30 17,105.30 0.01
HANGSENG 19,455.33 1.75
NIKKEI 225 8,755.00 0.35
FTSE 5,629.09 -0.59
DJIA 12,805.54 0.62
SSEC 2,159.73 0.55
NASDAQ 2,910.04 0.45
 
Close
%age
TASI 6,588.81 -0.79
KSE(Kuwait) 5,856.05 -0.07
BSE 1,116.43 0.12
MSM 5,504.14 0.10
ADX 2,462.75 0.24
DFM 1,529.42 0.85
QSE 8,314.33 0.23
Capital Market Overview

Market watch: Bourse rises amid positive triggers

The stock market rose on Tuesday with major blue chips closing in the green. The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.41 per cent or 59.06 points to end at 14,443.64 point level. more... (ET)

NAVs and Returns
as of Jul 17, 2012
Funds Offer Redemption
POGSF
10.1048/-
10.1048/-
YTD Return
10.22%
POAIIF
52.1514/-
51.6299/-
YTD Return
8.82%
POAAAF
52.40/-
51.09/-
YTD Return
2.04%
POIAAF
54.97/-
53.60/-
YTD Return
1.96%
POAF
11.45/-
YTD Return
5.72%
Funds Rating
AMC
AM3
POAIIF
AA-(f)
POAF
A+ (f)
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
37.60
3,384
73.33
3.24
27.28%
KSE30
7.33
660
40.79
2.32
23.06%
KMI30
5.32
479
29.58
1.60
23.64%
KSE All
40.76
3,668
91.33
3.49
29.27%
July 17, 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
183.00
122.69
10.08%
OGDC
17.00
167.70
160.45
4.53%
UBL
1.80
88.80
42.47
13.29%
LUCK
1.70
122.62
40.11
6.27%
July 17, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
58.68
-22.13
36.55
Foreign Corporates
2,899.78
-1,114.76
1,785.01
Overseas Pakistani
312.41
-395.68
-83.27
Grand Total
3,270.86
-1,532.57
1,738.30
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
16-Jul-12
17-Jul-12
Change
Gross Buy
519.83
23.35%
42.89
106.63%
2.30
3.27
41.99%
Gross Sell
-533.17
37.35%
-23.83
-79.77%
-0.42
-1.53
-264.65%
Net Buy/(Sell)
-13.67
-139.28%
18.05
-118.60%
1.88
1.74
-7.70%
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

C/A deficit swells to $4.517bn in FY12

Pakistan’s current account deficit rose to $4.517 billion in 2011-12, compared with a surplus of $214 million in the previous fiscal year, the State Bank of Pakistan reported on Tuesday. more... (D)

Error in slab rates: Salaried class may pay more tax

A major flaw has been noted by tax experts in the calculation of tax slab rates for salaried persons for tax year 2013. more... (D)

Mood swings: ‘Rating downgrade to further dent investor confidence’

Moody’s decision to downgrade Pakistan’s sovereign credit ratings will affect trading in the stock market as foreign investors will further shy away from investing in equities, said Muhammad Ali, Chairman Securities and Exchange Commission of Pakistan (SECP) here on Tuesday. more... (ET)

Pakistan, Iran teams start discussion on financing options

TThe technical teams of Pakistan and Iran have started discussion on financing options for the Iran-Pakistan (IP) gas pipeline project to take the project forward for its completion within the scheduled timeframe, a senior official at the Ministry of Petroleum informed on Tuesday. more... (N)

Company & Sector Update

Despite lead, Pepsi aims for bigger piece of the cake

It is the single largest food and beverages company in the country, yet Pepsi has shown no signs of slowing down its rapid growth in the Pakistani market, according to Pepsico global executive Qasim Khan. more... (ET)

Corporate results: Engro Foods profits grow four-fold

Engro Foods profits rose more than four-folds to Rs1.02 billion in the first half of 2012 led by Olpers.“Volumetric growth of 50% is expected in the dairy segment combined with Rs10 per litre price hike in Olpers and Tarang during April to June 2012,”. more... (ET)

Bike makers up in arms over changing govt policy

Changes in current policy governing the motorcycle industry – following the Board of Investment’s initiatives to incentivise a Japanese motorcycle manufacturer’s re-entry in the Pakistani market at zero rates – have purportedly shaken the confidence of investors and local manufacturers. more... (ET)

TCP to import 0.3m tons of urea by mid August

The Trading Corporation of Pakistan (TCP) is set to complete its urea import operation of 0.3 million metric tons till mid August in order to avert any shortage of urea in the country, a TCP official has said. more... (ET)

Political

Caretaker set-up: PPP to hold formal talks with PML-N soon

The Pakistan Peoples Party’s top leadership has decided to initiate formal negotiations with the opposition for an interim government to supervise the upcoming general elections, but not before it implements an ‘emergency’ programme to revive the troubled economy. more... (ET)

Imran rules out alliance with parties in Parliament

Reiterating his stance for a solo flight, Imran Khan on Tuesday ruled out alliance with any of the parties sitting in parliament. more... (ET)

India, Pak to talk cross-LoC trade

Senior officials from Pakistan and India will meet this week to discuss confidence building measures that seek to remove hurdles in travel and trade across the Line of Control (LoC).
. more... (ET)

Contempt of court: CDA officials to be indicted on 20th

IJustice Shaukat Aziz Siddiqui of Islamabad High Court (IHC) on Tuesday, expressing dissatisfaction over the reply filed by the officials of Capital Development Authority (CDA) in contempt of court proceedings regarding their meeting with Faisal Sakhi Butt, fixed July 20 for their indictment. more... (D)

GCC

Price fixed for 1,600 food items until end of year

Some 1,600 food items are to be sold at fixed prices at 340 outlets across the country until the end of 2012, a Ministry of Economy official announced . more... (Gulf News)

Saudi bank lending up to 5-year high on big spending

Saudi Arabian banks are lending the most in at least five years as the government’s plan to invest $500 billion in new housing, infrastructure and industry boosts confidence in the Kingdom’s economy, Bloomberg reported Tuesday.more... (Gulf Base)

Saudi stocks edge down to 3-week low; most Gulf markets up

Saudi Arabia’s market extended losses yesterday, edging down to another three-week low as investors cut positions ahead of the Ramadan Holy Month amid a mixed bag of earnings. more. (Gulf Base)

Al khaliji extends financing to Doha Festival City

Al Khalij Commercial Bank (al khaliji) has extended financing to the Doha Festival City project, as part of a consortium of lenders providing the developers, BASREC, with a club deal of QR3.8bn.
more... (Gulf Base)

 

Quote of the Day:

"A budget tells us what we can't afford, but it doesn't keep us from buying it." William Feather


 
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-June 12)
$-4.52bn
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
11.72
11.76
11.86
Offer
12.10
11.97
12.01
12.36

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
11.75
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
116.90
1.20
148.70
26.10
0.77
0.73

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.84
11.86
11.88
Last Cut Off.
11.87
11.92
11.94
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
13.07
13.04
13.04
13.12
10 Y-PIB
13.35
13.32
13.32
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

     
17-Jul-12
18-Jul-12
change
WTI (USD/bbl)    
88.60
88.75
0.17%
     
Brent (USD/bbl)    
103.54
103.27
-0.26%
     
Arab Light (USD/bbl)    
102.32
102.00
-0.31%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
97.21
99.69
2.48%
Furnace Oil (Rs/ton)
71,913.04
70,405.04
2.14%
Cement (Rs. Bag Avg)
443.50
444.38
-0.20%
Urea Fertilizer (Rs/bag)
1,750.00
1,736.67
0.77%
Gold 24cr (Rs./10gm) Khi
48,771.00
48,685.00
0.18%
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)
1,583.40
1,589.38
-0.38%
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.