BasedLine

Date: 25-July-2012
KSE-100 Index
Previous Index 14,527.25
Current Index 14,512.07
Change % -0.10%
YTD (CY12) 27.89%
YTD (FY13) 5.15%
KSE-100 Index
Previous Index 24,973.35
Current Index 24,892.39
Change % -0.32%
YTD (CY12) 23.61%
YTD (FY13) 4.69%
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 6,670.02 0.44
KSE(Kuwait) 5,790.94 -0.38
BSE 1,108.05 -0.10
MSM 5,410.59 -0.48
ADX 2,464.49 -0.17
DFM 1,505.02 0.78
QSE 8,249.29 -0.18
Capital Market Overview

Market watch: Activity remains dull as investors await SC verdict

The Karachi Stock Exchange’s (KSE) benchmark 100-share index pared 0.10% or 15.18 points to end at the 14,512.07 points level. “Market once again displayed lacklustre activity in the absence of any positive news. Volumes remained low and shares price moved in a narrow band,” commented Topline Securities equity dealer Samar Iqbal . more... (ET)

NAVs and Returns
as of Jul 24, 2012
Funds Offer Redemption
POGSF
10.1201/-
10.1201/-
YTD Return
9.63%
POAIIF
52.2261/-
51.7038/-
YTD Return
8.51%
POAAAF
52.37/-
51.06/-
YTD Return
1.98%
POIAAF
54.95/-
53.58/-
YTD Return
1.92%
POAF
11.49/-
YTD Return
10.53%
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) 380.01 391.41 -2.9
No of AMCs 30 30 -
No of Funds 175 174 0.5
KSE Market Data
KSE Market Data
Capitalization
Volume
Traded Val.
KSE Return
 
(USD bn)
(Rs. bn)
(Sh. mn)
(Rs.bn)
(YTD)
KSE100
37.75
3,398
34.17
1.23
27.89%
KSE30
7.36
663
15.54
0.89
23.57%
KMI30
5.32
479
9.35
0.60
23.61%
KSE All
41.10
3,699
56.85
1.44
29.87%
July 24, 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
188.43
122.69
13.35%
OGDC
17.00
169.44
160.45
5.70%
UBL
1.80
90.83
42.47
15.88%
LUCK
1.70
128.58
40.11
11.43%
July 24, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
1.34
-8.62
-7.28
Foreign Corporates
1,824.50
-256.23
1,568.28
Overseas Pakistani
220.18
-143.93
-76.25
Grand Total
2,046.03
-408.78
1,637.25
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
24-Jul-12
25-Jul-12
Change
Gross Buy
535.40
22.89%
58.46
87.87%
0.60
2.05
240.05%
Gross Sell
-539.19
27.24%
-29.85
-77.84%
-0.42
-0.41
-2.09%
Net Buy/(Sell)
-4.62
-137.01%
27.10
-126.25%
0.18
1.64
788.89%
S.C.R.A
Country
During the Period FY13TD
20-07-2012
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
3.83
-
-
0.81
-
-
3.02
2.56
0.01-
2.56
Luxembourg
2.15
-
-
33.00
-
-
-2.01
-
0.44
-0.44
Switzerland
0.19
-
-
1.15
-
-
-0.97
-
-
-
UAE
0.04
0. 40
-
-
-
-
0.44
-
-
-
UK
3.24
19.26
-
5.67
-
-
16.75
1.07
0.24
-0.83
USA
23.96
-
-
4.53
-
-
19.44
1.30
0.20
1.10
Total
35.57
19.66
-
14.76
-
-
38.36
5.34
0.91
4.42



News Clippings
Economy

Sufficient funds have been provided for FY 2012-13’

National Highway Authority (NHA) Chairman Muhammad Ali Gardezi has said that sufficient funds have been provided to NHA for the financial year 2012-13, which will enable NHA to carry on all its projects. . more... (DT)

Forex reserves rise 0.2 percent to $14.939 billion

Pakistan's foreign exchange reserves rose slightly to $14.939 billion in the week ending July 13, from $14.909 billion in the previous week, State bank of Pakistan (SBP) said on Thursday. Reserves have been reduced by debt repayments in recent months, including an $8 billion loan from the International Monetary Fund (IMF).The next repayment to the IMF is due in August . more... (BR)

Pak, Afghan Joint CCI for improving trade ties

Pakistan, Afghanistan Joint Chamber of Commerce & Industry PAJCCI called for rejuvenating bilateral trade and business ties between the two neighboring countries . more...(BR)

Rs8.6bn package approved for PSM

The Economic Coordination Committee (ECC) of the Cabinet approved financial assistance of Rs. 8.6 billion for Pakistan Steels Mills (PSM) here on Tuesday. more... (TN)

Company & Sector Update

Honda Cars reports higher losses

Honda Atlas Cars Pakistan Ltd has reported a higher loss after tax of Rs 221.025 million for the quarter ending June 30, 2012. According to financial results of the company despatched to Karachi Stock Exchange here Tuesday, the pre-tax loss also soared to Rs 249.534 million for the period under review as loss per share also went up to Rs 1.55 against Rs 0.36 in 2011. Copyright APP (Associated Press of Pakistan), 2012.. more... (BR)

Textile Policy 2009-12 implementation faces obstacles

The implementation of the Textile Policy 2009-12 has faced serious obstacles owing to shortage of funds and against a total allocation of Rs 123 billion the federal government has released only Rs 24 billion or 20 percent of the allocation for textile export’s initiatives. more... (BR)

PTA’s proposals should be considered for Trade Policy 2013’

There is a dire need to provide a level-playing field to leather sector by considering Pakistan Tanners’ Association’s (PTA) proposals for incorporation in the upcoming Trade Policy 2012-13 . more... (DT)

ECC approves Rs8b bailout package for Pakistan Steel Mills

TThe cabinet’s Economic Coordination Committee (ECC) approved a bailout package worth around Rs8 billion for Pakistan Steel Mills, Express News reported on Tuesday. more... (ET)

Political

Resetting ties: Khar says parliament’s wishes not bypassed in US rapprochement

Foreign Minister Hina Rabbani Khar on Tuesday rejected the opposition’s criticism that the government had kept parliament and the general public in the dark regarding its recent rapprochement with the US. more... (ET)

No compromise: Lashkari Raisani rules out possibility of rejoining PPP

Former Balochistan PPP President, Haji Lashkari Raisani, has ruled out the possibility of his return to the Pakistan Peoples Party (PPP) . more... (ET)

Amending anti-terrorism laws: PCNS to finalise proposals on missing persons today

The Parliamentary Committee on National Security (PCNS) will meet today (Tuesday) to finalise its draft recommendations regarding the missing persons’ issue . more... (ET)

PM, president talk energy crisis

Prime Minister Raja Pervez Ashraf, on Tuesday, called on President Asif Ali Zardari at the Presidency and discussed the current energy situation in the country. more... (DT)

GCC

Saudi stock market remains 'positive' in H2

The outlook for GCC stock markets in the second half of 2012 remains bullish "due to comeback of market liquidity and robust government sector growth," Kuwait Financial Centre (Markaz) said recently in its semi-annual review titled "What to expect in 2012". more... (Zawya)

Real estate sector shows 2.3% increase

The Tadawul All-Share Index (TASI) while reflecting a 3-day fall during the week, closed at 6,628.26 points last week, trimming a nominal of 31.32 points or 0.47 percent for the entire week. Its weekly trading range narrowed to 147 points as compared to previous week's 244 points. . more... (Zawya)

Abu Dhabi Commercial Bank see Q2 net profit of Dh733 million

Abu Dhabi Commercial Bank (ADCB), one of the UAE’s largest lenders, said yesterday its fiscal second quarter net profit was Dh733 million while profit for the first half of 2012 stood at Dh1.54 billion . more. (Gulf News)

Abu Dhabi Commercial Bank see Q2 net profit of Dh733 million

Abu Dhabi Commercial Bank (ADCB), one of the UAE’s largest lenders, said yesterday its fiscal second quarter net profit was Dh733 million while profit for the first half of 2012 stood at Dh1.54 billion. more... (Gulf News)

 

Quote of the Day:

Business opportunities are like buses, there’s always another one coming .Richard Branson


 
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 13, 2012)
$14.94 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
24-Jul-12
23-Jul-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.758
-0.09%
11.65%
11.62%
3.10
     
24-Jul-12
23Jul-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
998.81
965.17
33.64

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
11.85
11.85
11.90
11.90
12.00
Low  
11.70
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
95.05
115.8
1.280
147.8
26.05
0.73
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
12.92
12.88
12.90
13.07
10 Y-PIB
13.02
13.00
13.01
13.33

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.73
1.24
1.39
1.47
2.83
8.07
13.00
Change bps
0.00
7.00
-3.00
0.00
1.00
-0.50
-1.00

Commodities

     
24-Jul-12
25-Jul-12
change
WTI (USD/bbl)    
88.11
88.42
0.35%
     
Brent (USD/bbl)    
103.47
103.35
-0.12%
     
Arab Light (USD/bbl)    
101.36
101.50
-0.14%

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
48342.00
48,342.00
0.00%
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)
1,580.95
1,576.95
0.25%
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.