BasedLine

Date: 19-July-2012
KSE-100 Index
Previous Index 14,445.28
Current Index 14,596.59
Change % 1.05%
YTD (CY12) 28.63%
YTD (FY13) 5.76%
KSE-100 Index
Previous Index 24,918.45
Current Index 25,118.73
Change % 0.80%
YTD (CY12) 24.73%
YTD (FY13) 5.65%
International Indicators
 
Close
%age
BSE-30 17,185.01 0.47
HANGSENG 19,239.88 0.32
NIKKEI 225 8,726.74 0.32
FTSE 5,685.42 1.01
DJIA 12,908.70 0.81
SSEC 2,193.86 1.14
NASDAQ 2,942.60 1.12
 
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: Strong results spur mid-week bull rally

The bourse went only one way on Wednesday: the bulls – plowing through all claims of dented investor sentiment after Moody’s ratings downgrade – pulled the market up nearly 150 points in intraday trade.The Karachi Stock Exchange’s (KSE) benchmark 100-share index surged 1.05% or 151.31 points to end at the 14,596.59 points level. more... (ET)

NAVs and Returns
as of Jul 18, 2012
Funds Offer Redemption
POGSF
10.1075/-
10.1075/-
YTD Return
10.22%
POAIIF
52.1635/-
51.6419/-
YTD Return
8.82%
POAAAF
52.57/-
51.26/-
YTD Return
2.38%
POIAAF
55.19/-
53.81/-
YTD Return
2.36%
POAF
11.45/-
YTD Return
5.97%
Funds Rating
AMC
AM3
POAIIF
AA-(f)
POAF
A+ (f)
POAAAF
3 Star
POIAAF
5 Star
  June-12 May-12
MoM (%)
AUM's (PKR bn) 355.60 367.05 -3.12
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
37.97
3,417
110.25
4.87
28.63%
KSE30
7.41
667
61.23
3.74
24.42%
KMI30
5.37
483
39.70
2.59
24.73%
KSE All
41.26
3,713
167.99
5.44
30.67%
July 18, 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 18, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
55.76
-44041
11.34
Foreign Corporates
7,077.23
-1,162.30
5,914.93
Overseas Pakistani
871.46
-1,138.51
-267.06
Grand Total
8,004.44
-2,345.22
5,659.22
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
17-Jul-12
18-Jul-12
Change
Gross Buy
527.83
24.51%
50.89
120.44%
3.27
8.00
144.78%
Gross Sell
-533.52
37.09%
-26.18
-78.63%
-1.53
-2.35
53.28%
Net Buy/(Sell)
-8.31
-123.86%
23.42
-123.60%
1.74
5.66
225.24%
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

Budget deficit may reach 8% of GDP in 2011-12

The consolidated budget deficit for the fiscal year 2011-12 is likely to shoot beyond 5.5 percent of the GDP and may reach 8 percent of GDP as the four provincial governments have missed the downward revised budget surplus target of Rs 90 billion for the last fiscal year of 2011-12, sources informe. . more... (DT)

Govt currency printing likely to continue in FY13

Government is likely to continue printing currency equivalent or more than 2.4 percent of GDP in the absence of revenue generation resources from taxes, privatisation and foreign aid to meet its expenses in financial year 2012-13, analysts said. more... (DT)

NEPRA allows KESC to raise tariff by Rs 1.64/unit

National Electric Power Regulatory Authority (NEPRA) on Thursday allowed Karachi Electric Supply Company (KESC), a major debtor of energy sector, to enjoy the accumulated increase of Rs 1.64 in power tariff against fuel adjustment charges from April 2012.
more... (DT)

Govt to prioritize debt repayments

The country's economic trouble shooters have decided that the necessary international and domestic payments will be considered on case to case base during current financial year 2012-13. more... (FD)

Company & Sector Update

Sugar prices expected to remain range-bound

The outlook for sweeteners looks bright in Ramazan, as the consumption of confectioneries, bakery items, sweets and soft drinks would grow manifold. And sugar in the country is aplenty, so there should be no issue of availability and accessibility during the holy month. more... (BR)

Accountants should manage processes instead of budgets'

Cost and management accountants should manage processes, instead of managing budgets, to optimise organisational performance, Getz Pharma Supply Chain Director Hanif Ajari said on Wednesday. more... (ET)

Hubco profit grows by 51pc

The Hub Power Company recorded profit after tax (PAT) at Rs8,190 million, translating into earning per share (eps . more... (D)

SECP to probe IPPs’ financial misconduct

The Securities and Exchange Commission of Pakistan has decided to probe into the alleged misappropriations by the Independent Power Producers (IPPs) while sources inside the SECP have revealed that recent examination of financial statements of IPPs indicated some glaring discrepancies. more... (D)

Political

PPP complains mistakes in NADRA’s voter lists

Ruling Pakistan People’s Party (PPP), Sindh, on Wednesday complained mistakes in the voter lists prepared by National Database and Registration Authority (NADRA) for forthcoming general elections. more... (DT)

Joint efforts needed to give Pakistan peace: Farooqui

Special Assistant to Sindh Chief Minister on Media Affairs, Sharmila Farooqui, said on Wednesday that joint efforts are needed to give Pakistan peace, unity and love.
. more... (DT)

Pakistan dragged its feet on NATO routes: Khar

A Senate panel on foreign affairs endorsed the government’s decision to reopen NATO supply routes on Wednesday amidst concerns over a delay of five months. . more... (ET)

ECP ready to hold general elections

IActing Chief Election Commissioner Justice (r) Shakirullah Jan said that the Election Commission of Pakistan (ECP) was ready to hold general elections, however, final decision would be taken by the government. more... (DT)

GCC

Doha Bank sees H1 profit grow 5% to QR740mn

Doha Bank has reported more than 5% growth in its net profit to QR740mn in the first half of this year . more... (Gulf Base)

Dubai index hits 10-week high

Dubai stock market on Wednesday hit 10-week high as real estate and banking shares surged due to foreign institutions investment in bluechips ahead of second-quarter corporate results .more... (Gulf Base)

FANR grants ENEC licence to build two nuclear power reactor units

The UAE Federal Authority for Nuclear Regulation (FNAR) has granted the Emirates Nuclear Energy Corporation (ENEC) a licence to construct a multi-billion dollar project for two nuclear power reactor units (1 and 2) at its proposed Barakah site in the Western Region of the emirate of Abu Dhabi more. (Gulf News)

Crook hacks Dubai man’s credit card to pay Abu Dhabi police

Police have launched an investigation into a suspected hacking attack in which a Dubai resident’s credit card was illegally used to make 20 online payments to the police in the capital, XPRESS has learnt.
more... (Gulf News)

 

Quote of the Day:

'An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today." 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-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

     
18-Jul-12
19-Jul-12
change
WTI (USD/bbl)    
88.75
90.35
1.80%
     
Brent (USD/bbl)    
103.27
105.84
2.49%
     
Arab Light (USD/bbl)    
102.00
104.07
2.03%

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)
1,578.50
1,583.40
-0.20%
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.