BasedLine
Date: 22-Feb-2011
KSE-100 Index
Previous Index 12,041.15
Current Index 11,964.64
Change % -0.64%
YTD (CY11) -0.48%
YTD (FY11) 23.07%
KSE-100 Index
Previous Index 19,445.15
Current Index 19,422.03
Change % -0.12%
YTD (CY11) 3.28%
YTD (FY11) 32.84%
International Indicators
 
Close
%age
BSE-30 18,438.31 1.25
HANGSENG 23,485.42 -0.47
NIKKEI 255 10,857.53 0.14
FTSE 6,014.80 -1.12
DJIA 12,391.25 0.59
SSEC 2,932.25 1.19
NASDAQ 2,833.95 0.08
 
Close
%age
TASI 6,298.85 -0.55
KSE(Kuwait) 6,426.00 0.50
BSE 1,465.74 -0.39
MSM 6,830.35 -0.94
ADX 2,620.29 -0.47
DFM 1,516.43 -1.30
QSE 8,488.08 -0.88
Capital Market Overview

Stock market remains dull on opening day

The stock market recorded another lacklustre session on Monday as investors preferred to stay on the sidelines before the launch of margin trading system and clearance of prevailing political uncertainty. more... (Tribune)

NAVs and Returns
as of Feb 21, 2011
Funds Offer Redemption
POAIIF
52.7595/-
52.2319/-
YTD Return
8.44%
POIAAF
62.93/-
61.36/-
YTD Return
29.10%
POAAAF
58.75/-
57.28/-
YTD Return
21.64%
POAF
10.33/-
YTD Return
-10.71%
Funds Rating
AMC
AM3
POAIIF
A+ (f)
POAF
AA-
  Jan-11 Dec-10 MoM(%)
AUM's (PKR bn) 193.55 181.7 6.53%
No of AMC's 28 28  
No of Funds 113 113  
KSE Market Data
KSE Market Data
Capitilization
Volume
Traded Val.
KSE Return
 
(USD bn)
(Rs. bn)
(Sh. mn)
(Rs.bn)
(YTD)
KSE100
34.57
2,973
36.96
1.81
-0.48%
KSE30
6.72
578
29.96
1.74
-0.52%
KMI30
5.00
430
22.29
1.82
3.28%
KSE All
37.64
3,236
50.83
1.96
-0.63%
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
210.50
110.97
-6.86%
OGDC
15.00
164.00
128.04
-2.68%
UBL
2.00
60.55
42.68
-11.26%
LUCK
1.70
66.90
36.28
-11.73%
F.I.P.I.
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
18.68
(6.33)
12.35
Foreign Corporates
3,162.32
(1,816.43)
1,345.89
Overseas Paksitani
218.44
(152.75)
65.69
Grand Total
3,399.44
(1,975.51)
1,423.94
F.I.P.I.
Foregion Investment              
Foregion Investors Protfolio Investmest (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
18-Feb-11
21-Feb-11
Change
Gross Buy
162.23
41.30%
32.82
-42.94%
2.82
3.39
20.21%
Gross Sell
-88.99
7.67%
-22.69
-43.35%
-0.77
-1.98
157.14%
Net Buy/(Sell)
73.24
123.90%
10.13
-41.98%
2.04
1.42
-30.39%
S.C.R.A
Country
During the Year July 10 to Date
18-Feb-2011
Cumulative Inflow
Cumulative Onflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
31.82
0.104
-
27.43
-
-
4.50
0.001
0.067
(0.066)
Luxembourg
57.53
-
-
32.87
-
-
24.66
1.74
0.053
1.69
Switzerland
23.99
-
-
8.19
-
-
15.76
-
-
-
UAE
2.93
-
-
6.76
-
-
-4.24
-
-
-
UK
119.58
165.15
-
89.17
202.63
2.85
-14.08
-
-
(0.08)
USA
339.58
-
12.27
156.20
-
17.12
178.53
0.041
0.12
2.29
Total
581.50
165.25
12.27
330.04
202.63
21.54
199.77
3.14
0.85
3.83

News Clippings
Economy

Government promises to release Rs30b for power producers this week
The federal government will provide Rs30 billion to the power sector to partly offset the impact of the vicious circular debt — a decision that will ensure thermal power plants keep running and vehicles remain on roads, though only temporarily. more... (tribune)

Cotton price rises to new record high
Cotton price rose Rs200 to a fresh peak of Rs12,000 per maund (37.324 kg) in a lacklustre market on Monday as the New York cotton exchange was closed for a public holiday, a dealer said. more... (Tribune)

Fuel prices likely to jump 15 per cent

A 15 per cent increase in prices of petroleum products is likely to be made from March 1, for which Oil and Gas Regulatory Authority (Ogra) is formulating an initial report, sources said. more... (Tribune)

Company & Sector Update

Pharma industry seeks government action against fake drugs The business of fake medicines has continued to flourish without any significant check, posing a threat to lives of people and eating into the earnings of pharmaceutical companies. To tackle the production and supply of such drugs, a top official of the pharmaceutical industry considers the government's role quite important. more... (tribune)

PSO may halt supply to Pakistan Railways
Pakistan State Oil (PSO) has warned that it will discontinue supplies of oil to Pakistan Railways (PR) if the latter remains unable to clear its outstanding dues for fuel purchases.more... (Tribune)

Government promises to release Rs30b for power producers this week
Pakistan and Sultanate of Oman on Monday agreed to extend cooperation between the two countries in fields of Science and Technology (S & T) Oceanography and enhancement of human resource Development that would help to strengthen trade relations between the two muslim brotherly countries.more... (Tribune)

Political

Death sentence confirmed for Ajmal Kasab
Two Indian judges on Monday confirmed the death sentence for the sole surviving gunman of the 2008 Mumbai attacks, in which 10 gunmen laid siege to the city, killing 166 people. more... (BR)

Ten-point agenda: PML-N rhetoric heats up

Balancing their opposition to the PPP-led administration with the support for democratic governance, leaders from the Pakistan Muslim League Nawaz (PML-N) seemed to be gearing up for the next big political fight with the Pakistan Peoples Party (PPP).more... (tribune)

"Davis was assigned to protect CIA team tracking militants"
US national Raymond Davis was assigned to protect a CIA team tracking militants in Pakistan, British newspaper The Guardian said in its report. On January 27, Davis was familiarising himself with a “sensitive area” of Lahore. more... (D)

GCC

Air Arabia profit falls 31.5% despite increased revenue
Yield pressure and fuel costs left budget carrier Air Arabia with a 31.5 per cent decline in full-year net profits to Dh309 million even though revenue increased to Dh2.08 billion. more... (zawya)

Gaddafi defiant in face of mounting
Libyan leader Muammar Gaddafi signalled his defiance in the face of a mounting revolt against his 41-year rule on Tuesday, making a brief appearance on state television and denying he had fled the country. more... (gulf news)

Bank of Beirut buys majority in Australian bank
Bank of Beirut has acquired 85 percent of the Australian Laiki Bank as part of its expansion, the bank announced Monday.more... (zawya)

 

Quote of the Day:

" The Internet will help achieve "friction free capitalism" by putting buyer and seller in direct contact and providing more information to both about each other." Bill Gates

 

 

 

 

 

 

Economic Highlights
Economic Indicators
GDP Growth FY11E 4.10%
GDP -2010 $176 bn
Per Capita Income $ 1,051
Population 175.24mn
US$ Reserves (Feb 12, 2011) $17.44 bn
Trade Balance Jul - Jan 11 $(9.32)bn
Curr. A/C (Jul 10-Jan-11) $(81)mn
Remittances (July 10- Jan 11) $6.12bn
Foreign Investment (Jul 10- Jan 11) $1.18bn
All Sch. Banks Deposit Base (Jan 21, 2010) Rs704.34bn
Inflation
CPI Gen. - YoY (Jan-11) 14.19%
   
CPI Gen. - FY11 (Jul- Jan 11) 14.55%
   
NFNE Core INFL - YoY (Jan 11) 9.40%
   
NFNE Core INFL - FY11 (Jul - Jan 11) 10.30%

Money Market

 
Price
Change
18-FEB-11
21-FEB-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.4996
-0.44%
10.50%
10.62%
11.5
     
18-FEB-11
21-FEB-11
change
Pakistan Credit Default Swap (CDS 5 year)    
1,004.16
997.55
(6.61)

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.79
13.34
13.51
13.75
Offer
13.20
13.59
13.75
14.25

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
12.00
12.30
12.90
13.30
13.45
13.45
Low  
11.25
12.00
12.70
13.05
13.15
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
85.53
116.83
1.03
138.64
23.30
1.35
0.47

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.20
13.50
13.70
Last Cut Off.
13.53
13.69
13.86
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
14.23
14.18
14.30
14.29
10 Y-PIB
14.22
14.15
14.36
14.27

10 Yr Govt bond
Japan
Germony
US
UK
Australia
India
Brazil
Pakistan
Yield
1.26
3.16
3.47
3.73
5.60
8.07
12.59
14.15
Change bps
0.70
-7.00
0.80
-7.30
-0.60
-2.80
-28.70
0.00

Commodities

     
18-FEB-11
21-FEB-11
change
WTI (USD/bbl)    
87.35
93.85
7.44%
     
Brent (USD/bbl)    
103.73
107.90
4.02%
     
Arab Light (USD/bbl)    
101.04
105.18
4.09%

Domestic
Current
Previous
Change
High Speed Diesel ((litre)
78.33
73.82
6.11%
Furnace Oil (Rs/ton)
62,405.46
58,042.53
7.52%
Cement (Rs. Bag Avg)
352.75
350.25
0.71%
Urea Fertilizer (Rs/bag)
1,020.00
1,123.33
-9.20%
Gold 24cr (Rs./10grm) Khi
38,485.00
38,351.00
0.34%
Rice IRRI -6(Rs/100kg)
3,250.00
3,306.00
-1.69%
KCA Cotton (Rs/mound)
12,000
11,800.00
1.69%
International
Current
Previous
Change
Coal Spot(USD/ton)
124.30
126.75
-1.93%
Gold Futures (USD/oz)
1,399.40
1,389.53
0.78%
Sugar 11 (USD/lb)
28.42
28.85
-1.49%
Steel (USD/ton)
550.00
543.25
1.24%
Wheat (CBT) (USD/bu)
860.25
855.75
0.53%
PTA (USD/ton)
1,475.00
1,435.00
2.79%
Copper (USD/ton)
9,760.00
9890.00
-1.31%

Kindly Cick here for PDF Version

(BR) Business Recorder, (D) Dawn, (N) The News, (DT) Daily Times, (FD) The Financial Daily, (KSE) Karachi Stock Exchange

Separator
Disclaimer:
This news update 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 news update or any part of it should not be reproduced, published or distributed without prior permission.