BasedLine

Date: 27-July-2012
KSE-100 Index
Previous Index 14,564.68
Current Index 14,553.29
Change % -0.08%
YTD (CY12) 28.25%
YTD (FY13) 5.45%
KSE-100 Index
Previous Index 24,013.21
Current Index 24,988.52
Change % -0.10%
YTD (CY12) 24.09%
YTD (FY13) 5.10%
International Indicators
 
Close
%age
BSE-30 16,639.82 -1.22
HANGSENG 18,892.79 0.08
NIKKEI 225 8,443.10 0.92
FTSE 5,573.16 1.36
DJIA 12,887.93 1.67
SSEC 2,123.39 -0.12
NASDAQ 2,893.25 1.65
 
Close
%age
TASI 6,666.80 -0.05
KSE(Kuwait) 5,746.97 -0.07
BSE 1,113.80 0.36
MSM 5,387.76 -0.23
ADX 2,470.23 0.25
DFM 1,509.81 0.61
QSE 8,226.83 0.36
Capital Market Overview

Market watch: Investors display fatigue as Ramazan progresses

The Karachi Stock Exchange’s (KSE) benchmark 100-share index shed a nominal 0.08% or 11.39 points to end at the 14,553.29 points level. Trade volumes climbed marginally to 81 million shares compared with Wednesday’s tally of 57 million shares. The value of shares traded during the day was Rs2.96 billion. more... (ET)

NAVs and Returns
as of Jul 26, 2012
Funds Offer Redemption
POGSF
10.1213/-
10.1213/-
YTD Return
9.04%
POAIIF
52.2502/-
51.7277/-
YTD Return
8.53%
POAAAF
52.48/-
51.17/-
YTD Return
2.20%
POIAAF
55.10/-
53.72/-
YTD Return
2.19%
POAF
11.50/-
YTD Return
10.54%
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
37.86
3,407
58.77
2.70
28.25%
KSE30
7.37
664
35.92
2.11
23.71%
KMI30
5.37
481
27.24
1.74
24.09%
KSE All
40.71
3,664
81.47
2.96
30.29%
July 26, 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
188.52
122.69
13.40%
OGDC
17.00
170.47
160.45
6.25%
UBL
1.80
89.32
42.47
13.96%
LUCK
1.70
130.34
40.11
12.96%
July 26, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
20.35
-29.37
-9.02
Foreign Corporates
1,385.08
-1,012.47
372.61
Overseas Pakistani
288.36
-262.54
5.82
Grand Total
1,673.80
-1,304.38
369.41
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
26-Jul-12
27-Jul-12
Change
Gross Buy
540.38
23.58%
63.44
90.64%
5.57
1.67
-69.94%
Gross Sell
-541.49
26.29%
-32.15
-76.92%
-1.56
-1.30
16.58%
Net Buy/(Sell)
-2.08
-123.33%
29.65
-128.10%
4.00
0.37
-90.77%
S.C.R.A
Country
During the Period FY13TD
25-07-2012
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
-
-
-
Luxembourg
2.32
-
-
4.17
-
-
-1.85
-
0.00
-0.00
Switzerland
0.19
-
-
1.16
-
-
-0.97
-
-
-
UAE
0.04
0. 40
-
-
-
-
0.44
-
-
-
UK
3.25
19.26
-
5.97
-
-
16.46
0.01
0.28
-0.27
USA
26.71
-
-
10.41
-
-
16.31
0.59
0.07
0.53
Total
38.86
19.66
-
23.29
-
-
35.17
0.60
0.65
-0.05



News Clippings
Economy

FX reserves fall to $14.77bn

Pakistan's foreign exchange reserves dropped to $14.772 billion in the week ending July 20, from $14.939 billion in the previous week, the central bank said on Thursday. Pakistan's reserves have been reduced by debt repayments in recent months, including for an $8 billion loan from the International Monetary Fund (IMF). The next repayment to the IMF is due in August. more... (FD)

Better Indo-Pak trade ties remain as elusive as ever

Efforts for normalisation of trade between Pakistan have been dealt a serious blow, partly due to New Delhi’s reluctance in reciprocating moves made by Pakistan to ease trade restrictions . more... (ET)

Punjab revenue body starts functioning

The Punjab Revenue Authority (PRA), established to collect sales tax on services, has started functioning with the hope that the province may achieve a 20% increase in sales tax collection in the current fiscal year. more... (ET)

Govt agrees to pay Rs24 bn to 8 IPPs

The government on Thursday agreed before the Supreme Court to make payments to the tune of Rs24 billion to Independent Power Producers (IPPs) . more... (TN)

Company & Sector Update

Engro Fertilizers requests extension of loan deadline

Engro Fertilizers has approached banks to “re-profile” its debt and extend the loan repayment dates by about two and a half years, as the company is trying to reach an agreement with the government to shift its $1.1 billion Enven fertiliser plant from the Sui Northern Gas Pipelines Limited (SNGPL) network to non-network gas fields . more... (ET)

PSO dues: Power ministry asks for release of Rs45 billion

The Ministry of Water and Power, in an attempt to avert the fuel crisis, has pressed the Ministry of Finance to immediately release Rs45 billion for Pakistan State Oil (PSO), the oil marketing giant, which is facing the prospect of default on payments to international oil suppliers. more... (ET)

NBP crosses `One Trillion Rupee' bench mark with over 16500 employees, 1277 branches

The National Bank of Pakistan (NBP) has become the first ever bank of the country to cross the `One Trillion Rupee' bench mark with more than 16500 employees and 1277 branch network across Pakistan and 23 overseas branches and representative offices in four countries. more... (BR)

SEDF to provide opportunities for agriculture sector

DSindh Enterprise Development Fund (SEDF) has been set up by the Sindh government for providing surplus opportunities to the agriculture sector for multiple economic benefits on growth, intermediary services and productivity . more... (DT)

Political

PML-N comes down hard on SC over opp comments

Pakistan Muslim League-Nawaz (PML-N) on Thursday strongly criticised the reported remarks of some Supreme Court judges on the role of opposition during a recent debate on a bill to amend the contempt of court law. more... (TN)

President, PM, PML-Q leaders discuss current issues

Prime Minister Raja Pervaiz Ashraf, Deputy Prime Minister Chaudhry Pervez Elahi and PML-Q chief Chaudhry Shujaat Hussain on Thursday called on President Asif Ali Zardari at the Aiwan-e-Sadr and discussed the current energy situation and ways and means to address it. more... (TN)

Fakhruddin says general polls will be test of everyone

Chief Election Commissioner (CEC) Justice (retd) Fakhruddin G Ebrahim on Thursday asserted that his top-most priority was to hold free, fair and transparent elections in Pakistan, and that the fate of the country hinged upon the manner in which the upcoming polls would be conducted. Everyone will be tested in the upcoming polls, the CEC maintained . more... (TN)

Governor assures traders of support in dealing with extortion

Sindh Governor Dr Ishratul Ebad Khan said on Thursday that the government would provide all possible support to the police to help them trace extortionists and other criminals who kidnap people for ransom in the cityi. more... (ET)

GCC

RTA to tap solar power for bus shelters

With the number of non-operational or out of order bus shelters across different areas in Dubai increasing this summer, leaving regular commuters sweating in sweltering heat, the Roads and Transport Agency is planning to tap solar power to meet the demand. more... (Gulf news)

30% hike in Kerala power tariff

Thiruvananthapuram: The Kerala State Electricity Regulatory Commission Thursday announced a steep increase in power tariff.On an average, the new rates for different slabs of users are estimated to be higher by about 30 per cent. more... (Gulf news)

UAE 3rd most competitive economy in Middle East

The UAE ranks as the third most competitive economy in the region after Qatar and Saudi Arabia, according to the latest study by the Dubai Chamber of Commerce and Industry . more. (Zawya)

Kuwait's trade surplus with Japan narrows 28.2%

Kuwait's trade surplus with Japan narrowed 28.2 percent in June to 49.4 billion Japanese yen (632 million US dollars) from a year earlier, shrinking for the second straight month. Kuwait registered black ink with Japan for the 53th consecutive month, the Finance Ministry said Wednesday. more... (GulfBase)

 

Quote of the Day:

Time is our most valuable asset, yet we tend to waste it, kill it and spend it rather than invest. Jim Rohn



 
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
26-Jul-12
25-Jul-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.924
-0.19%
11.60%
11.54%
6.00
     
26Jul-12
25Jul-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
974.28
990.18
-15.91

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.60
11.70
11.75
11.83
Offer
12.10
11.95
12.00
12.33

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
11.80
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
116.5
1.270
148
26.1
0.73
0.73

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.81
11.85
11.86
Last Cut Off.
11.83
11.87
11.89
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.94
12.92
12.88
13.07
10 Y-PIB
13.04
13.02
13.02
13.33

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.74
1.32
1.44
1.48
2.94
8.11
13.02
Change bps
1.00
6.00
3.00
2.00
9.00
1.10
0.00

Commodities

     
26-Jul-12
27-Jul-12
change
WTI (USD/bbl)    
88.67
88.57
1.01%
     
Brent (USD/bbl)    
104.06
105.66
1.52%
     
Arab Light (USD/bbl)    
102.63
103.44
0.79%

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)
444.75
443.50
0.28%
Urea Fertilizer (Rs/bag)
1,754.17
1,750.00
0.24%
Gold 24cr (Rs./10gm) Khi
49,114.00
48,557.00
1.15%
Rice IRRI -6(Rs/100kg)
3,473.00
3,474.00
-0.03%
KCA Cotton (Rs/mound)
5,600.00
5,700.00
-1.75%
International
Current
Previous
Change
Coal Spot(USD/ton)
85.25
88.05
-3.18%
Gold Futures(USD/oz)
1,618
1,608
0.7%
Sugar 11 (USD/lb)
22.77
22.73
0.18%
Steel (USD/ton)
582.07
580.42
0.28%
Wheat (CBT) (USD/bu)
884.00
903.25
-2.13%
PTA (USD/ton)
1,025.00
1,005.00
1.99%
Copper (USD/ton)
7,464.50
7,440.25
0.33%

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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.