BasedLine

Date: 23-July-2012
KSE-100 Index
Previous Index 14,568.21
Current Index 14,564.48
Change % -0.03%
YTD (CY12) 28.35%
YTD (FY13) 5.53%
KSE-100 Index
Previous Index 25,057.14
Current Index 25,019.71
Change % -0.15%
YTD (CY12) 24.24%
YTD (FY13) 5.23%
International Indicators
 
Close
%age
BSE-30 17,158.44 -0.70
HANGSENG 19,640.80 0.42
NIKKEI 225 8,669.87 -1.43
FTSE 5,651.77 -1.09
DJIA 12,822.57 -0.93
SSEC 2,175.75 0.42
NASDAQ 2,925.30 -1.37
 
Close
%age
TASI 6,700.36 0.52
KSE(Kuwait) 5,814.50 0.48
BSE 1,110.56 -0.39
MSM 5,436.48 -0.16
ADX 2,471.76 0.15
DFM 1,515.84 -1.29
QSE 8,283.35 0.03
Capital Market Overview

Weekly Review: Stock market rises on foreign interest

The stock market witnessed a strong week amid foreign buying worth $10.8 million, almost triple the amount bought in the preceding week. The benchmark KSE 100-share index gained 232 points or 1.6% to close at 14,564 points on a weekly basis. more... (ET)

NAVs and Returns
as of Jul 20, 2012
Funds Offer Redemption
POGSF
10.1109/-
10.1109/-
YTD Return
9.83%
POAIIF
52.1875/-
51.6656/-
YTD Return
8.81%
POAAAF
52.47/-
51.16/-
YTD Return
2.18%
POIAAF
55.05/-
53.67/-
YTD Return
2.09%
POAF
11.45/-
YTD Return
4.17%
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
37.89
3,410
70.86
2.89
28.35%
KSE30
7.39
665
33.53
2.13
24.02%
KMI30
5.35
481
13.64
0.98
24.24%
KSE All
41.117
3,705
96.12
3.15
30.40%
July 20, 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
188.03
122.69
13.11%
OGDC
17.00
170.55
160.45
6.30%
UBL
1.80
91.17
42.47
13.32%
LUCK
1.70
128.76
40.11
11.59%
July 20, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
12.14
-6.24
5.90
Foreign Corporates
3,042.83
-1,354.81
1,688.02
Overseas Pakistani
232.93
-464.23
-321.30
Grand Total
3,287.89
-1,825.27
1,462.62
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
19-Jul-12
20-Jul-12
Change
Gross Buy
532.76
22.28%
55.82
79.37%
1.64
3.29
101.00%
Gross Sell
-538.37
27.05%
-29.03
-78.45%
-1.03
-1.83
-77.78%
Net Buy/(Sell)
-6.35
-150.84%
25.38
-124.58%
0.61
1.46
140.13%
S.C.R.A
Country
During the Period FY13TD
18-07-2012
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
-
-
0.81
-
-
0.46
-
-
-
Luxembourg
1.99
-
-
33.00
-
-
-1.73
0.28
0.00
0.28
Switzerland
0.12
-
-
1.15
-
-
-1.04
-
-
-
UAE
0.04
0. 40
-
-
-
-
0.44
-
-
-
UK
1.70
19.26
-
5.25
-
-
15.64
0.00
0.03
-0.03
USA
21.44
-
-
3.38
-
-
18.07
1.62
0.02
1.60
Total
28.31
19.66
-
14.76
-
-
33.12
1.99
0.05
1.94



News Clippings
Economy

Rs.15bn required for uplift of agri sector: ICCI

Member Export Islamabad Chamber of Commerce & Industry (ICCI), Ahmad Jawad has asked the Prime Minister to call meeting of Cabinet Committee on Agriculture (CCA) and formulate some aggressive and comprehensive polices to uplift this sector and allocate at least Rs15 billion for the required infrastructure; which was remained neglected . more... (BR)

Pakistan ranked 71 in World Bank Logistics Performance Index

A significant determinant of the economic performance of any country is the infrastructure present in the country. The more a country builds its infrastructure, the better the flow of logistics over its geography. This forms the backbone of smooth trade.. more... (ET)

Govt of Pakistan, PSA develop differences

The Senate’s Standing Committee on Ports and Shipping was informed here on Thursday by the ports and shipping secretary that the Port of Singapore Authority. more... (DT)

Govt borrows Rs.51bn in 6 days from SBP

The central bank has issued new statistics of borrowings of the government, according to which the government has borrowed Rs51 billion only in 6 days in the current fiscal year. more... (TNews)

Company & Sector Update

CNG out, LPG in: PSO to set up 26 LPG filling stations

The Oil and Gas Regulatory Authority (Ogra) has decided to give permission to Pakistan State Oil (PSO) for setting up 26 liquefied petroleum gas (LPG) filling stations at its retail outlets across the country, officials say. more... (ET)

Poultry sector attractive for investment: UVAS VC

Vice Chancellor of the University of Veterinary and Animal Sciences (UVAS) Prof Dr Talat Naseer Pasha has said that poultry sector is the most attractive for investment which has become the second largest industry after textile in the country after having local investment of Rs 300 billion. more... (BR)

Local auto parts industry suffer losses due to import of used cars

The local production of cars has registered a massive reduction of 22,000-25,000 units owing to import of 50,000 used cars in one year, besides hurting the domestic auto parts vending industry to the tune of Rs 27 billion. more... (BR)

Point of concern: Has our banking system become unsound?


Pakistan's financial sector liberalisation in general and privatisation of banks in particular has largely been hailed by experts on account of professionalisation, financial inclusion and penetration of banks. more... (ET)

Political

MQM supports demand of South Punjab province: Farooq Sattar

Federal Minister for Overseas Pakistanis and Deputy Convener MQM Dr Muhammad Farooq Sattar said that no one can create hurdles in establishment of South Punjab as separate province. more... (BR)

JSQM rules out any possible alliance with PML-N

Pakistan Muslim League-Nawaz (PML-N) has not contacted directly or indirectly to the nationalists of Sindh for any support in the elections nor the nationalists would extend cooperation to it, as they are struggling for the freedom while the former is doing politics of federalism, Dr Niaz Kalani, acting chairman Jeay Sindh Qaumi Mahaz (JSQM) said. more... (DT)

New contempt law: Presidential immunity up for debate at court hearing


With the Supreme Court all set to hear petitions challenging the new contempt law on Monday, the concept of presidential immunity will come under discussion for the first time in the country’s history.
. more... (ET)

PPP losing trust in judiciary

The Pakistan People’s Party (PPP) is losing trust in the superior judiciary for getting justice in the sub judice cases involving its leadership. more... (DT)

GCC

UAE top destination for India’s exports

The UAE has emerged as the top export destination for India during 2012, while the country’s shipments to the US are declining, a study has said . more... (GulfNews)

New 50 dirham banknote into circulation by end of July 2012

The UAE Central Bank on Sunday announced that it would put into circulation an amended Dh50 currency note. .more... (GulfNews)

Kuwait’s NIG asks for $475 mln sukuk extension as maturity looms

National Industries Group Holding (NIG), a Kuwaiti investment firm controlled by one of the country’s biggest family conglomerates, has asked creditors for a four-year extension on a $475-million Islamic bond, or sukuk, maturing next month . more. (Gulf News)

Saudi banks accelerate lending

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. more... (Gulf News)

 

Quote of the Day:

'An economist's guess is liable to be as good as anybody else's. Will Rogers


 
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
20-Jul-12
19-Jul-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.835
0.00%
11.61%
11.61%
0.45
     
20-Jul-12
19-Jul-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
922.09
900.43
21.66

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.57
11.70
11.74
11.85
Offer
12.07
11.95
11.99
12.35

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  
1175
11.70
11.75
11.75
11.75
11.80

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
94.46
116.60
12.21
148.40
25.90
0.74
0.73

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.81
11.82
11.83
Last Cut Off.
11.87
11.92
11.94
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.93
12.90
12.90
13.07
10 Y-PIB
13.05
13.01
13.08
13.33

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.73
1.17
1.44
1.48
2.81
8.08
13.01
Change bps
-1.00
-5.00
-5.00
-4.00
-12.00
-1.00
-7.00

Commodities

     
20-Jul-12
23-Jul-12
change
WTI (USD/bbl)    
92.10
90.54
-1.69%
     
Brent (USD/bbl)    
107.35
105.53
-1.70%
     
Arab Light (USD/bbl)    
105.28
105.28
0.00%

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
48,600.00
48,642.00
-0.09%
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)
1,584.50
1,581.43
0.19%
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.