BasedLine

Date: 15-Aug-2012
KSE-100 Index
Previous Index 14,761.49
Current Index 14,911.97
Change % 1.02%
YTD (CY12) 31.41%
YTD (FY13) 8.05%
Volume (mn) 143.42
Capitilization(USD bn) 38.76
FIPI (USDmn)(Daily) 0.87
FIPI (USDmn) (YTD) 38.66

KSE-100 Index
Previous Index 25,656.53
Current Index 25,295.16
Change % 2.49%
YTD (CY12) 30.58%
YTD (FY13) 10.59%
Volume (mn) 41.80
Capitilization (USDbn) 5.62

International Indicators
 
Close
%age
BSE-30 17,728.20 0.54
HANGSENG 20.052.93 -1.18
NIKKEI 225 8,914.80 -0.17
FTSE 5,864.78 0.56
DJIA 13,172.14 0.02
SSEC 2,126.48 -0.75
NASDAQ 3,016.98 -0.18

 
Close
%age
TASI 6,968.31 0.04
KSE(Kuwait) 5,700.51 0.20
BSE 1,076.44 0.03
MSM 5,498.74 0.05
ADX 2,553.56 0.26
DFM 1,577.61 -0.24
QSE 8,418.29 0.07

KIBOR
 
%age
3 Months 10.53
6 Months 10.57
12 Months 10.89

T-Bills
%age
3 Months 10.47
6 Months 11.45
12 Months 10.50

Bonds
 
%age
3-Y PIB 11.29
5-Y PIB 11.61
10-Y PIB 11.94
20-Y PIB 12.51
30-Y PIB 12.67
Capital Market Overview

Market watch: Bourse gains on interest rate cut

The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 1.02 per cent or 150.48 points to end at 14,911.97 point level.The State Bank of Pakistan (SBP) on Friday evening surprised the market and reduced the policy rate by 150 basis points to 10.5%. Trade volumes surged to 193 million shares compared with Friday’s tally of just 36 million shares. more... (ET)

News Clippings

Corporate results: Pakistan Petroleum makes Rs41 billion in fiscal 2012

Pakistan Petroleum Limited (PPL), the country’s second largest oil and gas explorer, profits soared 30% to Rs40.9 billion in fiscal 2012 on the back of higher oil and gas volumes and its prices. more... (ET)

Auto parts makers press for single-digit interest rate

Auto parts manufacturers, appreciating the State Bank of Pakistan’s move to cut the discount rate by 150 basis points, urged the central bank to bring it down to single digit, as the banking spread at 10.5% policy rate is still high after including the Karachi interbank offer rate, making undue profits for banks at the cost of the industry. more... (ET)


LCCI resents unilateral hike in gas tariff

The Lahore Chamber of Commerce and Industry (LCCI) on Monday took a strong exception to the Oil and Gas Regulatory Authority (Ogra) decision making around 15-percent increase in gas tariff without any prior notice to the industry and said this decision would cost devastating repercussions for local industry apart from ousting the export-oriented industries from the international export market. . more... (DT)

15% gas price hike to spell doom for industry: LCCI v

The Lahore Chamber of Commerce and Industry (LCCI) Monday took a strong exception to the Oil and Gas Regulatory Authority (OGRA) for making around 15 percent increase in gas tariff without any prior notice to the industry and said that it will cast devastating repercussions for the local industry and oust the export-oriented industries from the international export market. more... (BR)

Remittances keep rising, clock in 9.8% growth

Keeping in line with the stellar growth of the past few years, the remittances sent home by overseas Pakistanis rose 9.89% to $1.205 billion in July this year compared with $1.096 billion received in the same month of last fiscal year. more... (ET)

Profit after tax of Meezan Bank rises to Rs 1.844 billion

The profit after tax of Meezan Bank Limited has increased to Rs 1.844 billion in the half year period ended June 30, 2012 as compared to Rs 1.382 billion earned in the corresponding period in 2011. The board of directors of the bank in its meeting held here on Monday declared that the bank's earning per share increased to Rs 2.04 in the period under review against Rs 1.53 in the same period last year. more... (ET)

 

NAVs and Returns
as of Aug13, 2012
Funds Offer Redemption
POGSF
10.2546/-
10.2546/-
YTD Return
17.31%
POAIIF
52.4629/-
51.9383/-
YTD Return
8.55%
POAAAF
53.28/-
51.95/-
YTD Return
3.75%
POIAAF
55.99/-
54.59-
YTD Return
3.84%
POAF
11.57/-
YTD Return
11.42%

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 -

Economic Highlights
 
GDP Growth FY12 3.70%
Per Capita Income $1,372
Reserves
(August 12, 2012)
$15.54bn
Trade Deficit
(July 12)
$(1.60)bn
Curr. A/C
(July 11-June 12)
$(4.52bn)
Remittances
(July 12)
$1.20bn
Foreign Investment (July11-June 12) $741.5mn
CPI Gen. - YoY
(July-12)
9.60%
CPI Gen. - FY12
(July 11- June 12)
11.0%

Commodities
 
WTI (USD/bbl) 93.01
Gold Futures(USD/oz) 1,609.75
Cement (Rs./Bag) 448.50
Coal Spot(USD/ton) 87.15
Urea Fertilizer (Rs/bag) 1,741.25
DAP (Rs./bag) 2,660.35
KCA Cotton (Rs/mound) 5,800.00
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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.