BasedLine

Date: 30-July-2012
KSE-100 Index
Previous Index 14,553.29
Current Index 14,526.41
Change % -0.18%
YTD (CY12) 28.01%
YTD (FY13) 5.25%
KSE-100 Index
Previous Index 24,988.52
Current Index 24,983.36
Change % -0.02%
YTD (CY12) 24.06%
YTD (FY13) 5.08%
International Indicators
 
Close
%age
BSE-30 16,839.19 1.20
HANGSENG 19,274.96 2.02
NIKKEI 225 8,566.64 1.46
FTSE 5,627.21 1.36
DJIA 12,887.93 1.67
SSEC 2,123.39 0.97
NASDAQ 2,958.09 2.24
 
Close
%age
TASI 6,769.12 0.02
KSE(Kuwait) 5,748.78 0.03
BSE 1,109.62 -0.38
MSM 5,376.57 -0.21
ADX 2,485.51 0.25
DFM 1,509.05 -0.05
QSE 8,285.96 0.72
Capital Market Overview

KSE: Index dips 28pts volumes at 28-wk low

Range bound activities witnessed on last week in Karachi Stock Exchange (KSE) as investor's remained sidelined and their participation was limited to small cap stocks on account of Ramadan as volume hit 28 week low. The benchmark KSE-100 index down by 38.08 points to close at 14,526.41 points. KSE-30 index decreased by 42.2 points to close at 12,581.7 points and KSE all-share index down by 22.55 points to close at. more... (ET)

NAVs and Returns
as of Jul 27, 2012
Funds Offer Redemption
POGSF
10.1242/-
10.1242/-
YTD Return
9.11%
POAIIF
52.2596/-
51.7370/-
YTD Return
8.46%
POAAAF
52.59/-
51.28/-
YTD Return
2.42%
POIAAF
55.27/-
53.89/-
YTD Return
2.51%
POAF
11.50/-
YTD Return
10.56%
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
37.79
3,401
44.85
1.39
28.01%
KSE30
7.37
663
29.07
1.49
23.60%
KMI30
5.34
481
21.02
1.13
24.06%
KSE All
40.61
3,655
58.34
2.11
30.11%
July 27, 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
188.21
122.69
13.22%
OGDC
17.00
170.04
160.45
5.98%
UBL
1.80
88.51
42.47
12.92%
LUCK
1.70
129.29
40.11
12.05%
July 27, 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
1.53
-12.59
-11.06
Foreign Corporates
295.34
-365.46
-70.12
Overseas Pakistani
175.70
-155.13
20.57
Grand Total
472.58
-533.19
-60.61
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
27-Jul-12
30-Jul-12
Change
Gross Buy
540.86
22.79%
63.92
85.96%
5.57
0.47
-91.51
Gross Sell
-542.02
24.36%
-32.68
-76.97%
-1.56
-0.53
65.90%
Net Buy/(Sell)
-2.13
-144.09%
29.59
-127.67%
4.00
-0.06
-101.51%
S.C.R.A
Country
During the Period FY13TD
26-07-2012
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
-
-
0.88
-
-
2.96
-
0.06
-0.06
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
-
6.14
-
-
16.29
-
0.17
-0.17
USA
27.26
-
-
10.59
-
-
16.68
0.55
0.18
0.37
Total
39.47
19.66
-
23.73
-
-
35.34
0.61
0.44
0.17



News Clippings
Economy

FBR for filing IT returns in normal tax regime

The Federal Board of Revenue (FBR) has given an option to the commercial importers, traders and exporters to file income tax returns in the normal tax regime with payment of minimum tax. more... (BR)

PTC VSS implementation: Negatives Overplayed

As per news reports, PTC is planning a second round of Voluntary Separation Scheme (VSS) whereby the company will be offering VSS to upto 16.5k of its employees or around 55% of its workforce, with an estimated cost of PkR8bn-PkR10bn (annualized EPS impact of PkR1.0-PkR1.3) .more... (BR)

Offshorers invest $4.2mn last week

Offshore investors once again finished on the net buying side last week with a net investment of $4.21 million registered as per the National Clearing Company of Pakistan Limited (NCCPL) data. . more... (FD)

Govt likely to import 0.6mn tons of urea’

The government is likely to import 600,000 tons of urea immediately for the remaining Kharif season and Rabi 2012, fearing that urea shortage will trigger hoarding and black marketing, sources close to Deputy Prime Minister told Business Recorder . more... (BR)

Company & Sector Update

KCA concerns on suspension of export sales of raw cotton registration

The Karachi Cotton Association has expressed its serious concern over the suspension of Registration of Export Sales of Raw Cotton by the Trade Development Authority of Pakistan (TDAP). more... (BR)

Pakistan likely to miss mango export target for second year

Pakistan is likely to miss export target of mango largely for second consecutive year as the country has only exported 73000 tons out of the target of 0.15 million tons of the fruit so far. more... (BR)

Export ban suggested: PSM calls for exempting ST on local iron ore purchase

Pakistan Steel Mills (PSM) has requested the government to either exempt local iron ore from 16 percent sales tax or impose a ban or regulatory duty (RD) on its export because its supply to the PSM is declining rapidly because of exports. more... (BR)

Power sector's circular debt concerns LCCI

The Lahore Chamber of Commerce and Industry here Saturday expressed grave concern over increase in power sector's circular debt and urged the government to ensure availability of sufficient resources to end unprecedented outages. . more... (BR)

Political

Government target of 'TV politics': Zardari

President Asif Ali Zardari on Sunday announced that next general elections will be fair, free and impartial and these will be held on time. Addressing workers of Pakistan People's Party here at the residence of PPP leader Manzoor Wasaan, in D.G. Kot area, the President said, "I want to make promise with the people that the next elections will be held on time and these will be fair, free and impartial." more... (BR)

PPP comes into govt with power of vote: Memon

Sindh Information Minister Sharjeel Inam Memon on Sunday said that we have come into government with the power of the votes of the people. more... (DT)

ANP, MQM-H slam target killing

Awami National Party (ANP) Sindh president Shahi Syed has said that the government had failed to maintain peace in the metropolis. . more... (DT)

Zardari eyes rule in Punjab

SPresident Asif Ali Zardari Sunday declared Sindh as fortress of the PPP and vowed to rule Punjab after upcoming general election, which he said will be ‘free and fair’ and held on time.Addressing party workers at the residence of PPP . more... (TN)

GCC

Banks in UAE can't seize client accounts

The UAE Central Bank has held that banks operating in the UAE have no right to seize the money of their clients unless they had defaulted on payment of three successive loan instalments. more... (Gulf news)

New investment fund system from SCA

The Security and Commodities Authority, or SCA, has issued a new investment fund system that will help attract new investments and provide more opportunities for stability in the country's financial market . more... (Zawya)

HEC decision on delayed projects soon

The Higher Economic Council (HEC) in the next few days will issue decisions regarding 12 recommendations submitted by ministerial committees that were formed to address delayed government projects, council sources told Arabic daily Al-Sharq. more. (Zawya)

Emaar records 45% jump in first-half net operating profit

Emaar Properties today said its first-half net operating profit surged more than 45 per cent to Dh1.22 billion compared to Dh843 million in the same period last year. more... (Gulfnews)

 

Quote of the Day:

If you did not look after today’s business then you might as well forget about tomorrow .Isaac Mophatlane



 
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
27-Jul-12
26-Jul-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.938
0.02%
11.59%
11.60%
-0.20
     
27Jul-12
26Jul-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
960.01
974.28
-14.27

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
11.75
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
117.1
1.280
148.8
26
0.73
0.73

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.82
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
12.92
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
0.77
1.40
1.54
1.54
3.11
8.12
13.02
Change bps
3.00
8.00
10.00
6.00
17.00
1.60
0.00

Commodities

     
27-Jul-12
30-Jul-12
change
WTI (USD/bbl)    
89.57
90.68
1.1.24%
     
Brent (USD/bbl)    
105.64
106.71
1.01%
     
Arab Light (USD/bbl)    
103.44
104.55
1.07%

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
49,242.00
49,114.00
0.26%
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)
1,622.90
1,615.77
0.44%
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.