BasedLine
Date: 23-Feb-2011
KSE-100 Index
Previous Index 11,964.64
Current Index 11,649.80
Change % -2.63%
YTD (CY11) -3.10%
YTD (FY11) 19.83%
KSE-100 Index
Previous Index 19,422.03
Current Index 18,867.03
Change % -2.86%
YTD (CY11) 0.33%
YTD (FY11) 29.04%
International Indicators
 
Close
%age
BSE-30 18,296.161 -0.80
HANGSENG 22,290.81 -2.11
NIKKEI 255 10,664.70 -1.80
FTSE 5,996.76 -0.30
DJIA 12,212.79 -1.44
SSEC 2,932.25 -2.61
NASDAQ 2,756.42 2.74
 
Close
%age
TASI 6,277.03 -0.35
KSE(Kuwait) 6,417.70 -0.13
BSE 1,467.92 0.15
MSM 6,729.83 -1.47
ADX 2,579.25 -1.57
DFM 1,479.41 -2.44
QSE 8,185.24 -3.57
Capital Market Overview

National stocks fall two per cent on foreign selling

Pakistani stocks tumbled by more than two per cent on Tuesday, on foreign selling that took cues from falling Asian markets responding to the unfolding crisis in Libya. The Karachi Stock Exchange's benchmark 100-share index was 2.13 per cent, or 254.59 points, lower at 11711.29 on turnover of 61.15 million shares by 1:17 pm. (0917 GMT). more... (D)

NAVs and Returns
as of Feb 22, 2011
Funds Offer Redemption
POAIIF
52.7680/-
52.2403/-
YTD Return
8.43%
POIAAF
62.57/-
61.01/-
YTD Return
27.93%
POAAAF
57.90/-
56.45/-
YTD Return
19.00%
POAF
10.33/-
YTD Return
-10.67%
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
1.76
-3.10%
KSE30
6.52
560
52.49
3.57
-3.48%
KMI30
4.84
416
35.47
2.42
0.33%
KSE All
36.65
3,151
101.52
3.99
-3.17%
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
207.00
111.09
-8.41%
OGDC
18.24
157.50
155.87
-6.53%
UBL
2.00
59.30
42.73
-13.09%
LUCK
1.70
65.91
36.32
-13.04%
F.I.P.I.
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
40.46
(10.33)
30.13
Foreign Corporates
2,466.53
(5,618.57)
(3,152.03)
Overseas Paksitani
229.83
(266.51)
(36.69)
Grand Total
2,736.83
(5,895.42)
(3,158.59)
F.I.P.I.
Foregion Investment              
Foregion Investors Protfolio Investmest (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
21-Feb-11
22-Feb-11
Change
Gross Buy
164.97
43.69%
35.56
-36.38%
3.39
2.74
-19.17%
Gross Sell
-94.89
14.81%
-28.58
-27.83%
-1.98
-5.89
197.47%
Net Buy/(Sell)
70.07
114.22%
6.97
-58.04%
1.42
-3.15
-121.83%
S.C.R.A
Country
During the Year July 10 to Date
19-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

Asia's richest man strikes big gas deal with BP
Mukesh Ambani, (C) Chairman and Managing Director of Reliance Industries Limited, shakes hands with BP Chief Executive, Bob Dudley (R) as BP Chairman, Carl-Henric Svanberg (L) looks on, following a press conference in central London on February 21, 2011. British energy giant BP said Monday that it will pay $7.2 billion (5.3 billion euros) to Mumbai-based Reliance Industries for a 30-per cent stake in 23 Indian oil and gas blocks. more... (D)

KESC resumes power cuts in industrial areas
The Karachi Electric Supply Company (KESC) has resumed industrial outages once again, citing lower gas supply by Sui Southern Gas Company (SSGC). more... (ET)

Millers cut price: Flour prices may drop due to bumper crop

The prices of flour varieties, which declined in 2010 owing to bumper wheat crop, have risen from January 2011 compared to last year. However retailers said that from Jan to Feb 22, the rates of various flour varieties had not gone up further. more... (D)

Company & Sector Update

Indus Motor profits slow down Indus Motor, the maker of Toyota Corolla, recorded a 34 per cent decline in net profit to Rs908 million in the first half of fiscal 2010-11 primarily due to higher cost pressures and lower other income. more... (ET)

Askari Bank declares bonus share
Askari Bank Ltd has reported a lower profit after tax of Rs 943.177 million for the year ending December 31, 2010 and declared a 10 percent bonus share .more... (BR)

Abbott Labs declares 30pc dividend
Abbott Laboratories Ltd posted a record profit after tax of Rs 1.176 billion for 13 months ending December 31, 2010 and declared a final cash dividend of Rs 3 per share .more... (BR)

Political

Human Development Report 2010: 51% of Pakistanis deprived of basic education, health
Over half of Pakistanis are deprived of basic education and health facilities and live below a respectable standard of living, reveals a United Nations report. more... (ET)

CIA link does not affect Davis`s immunity: US

Raymond Davis` activities in Pakistan do not affect his diplomatic immunity, says the US administration while commenting on media reports that the man was actually the head of a CIA operation in Pakistan. more... (D)

PML-N's 10-point agenda: As deadline looms, final meeting ends inconclusively
As the final meeting between negotiators of the Pakistan Peoples Party (PPP) and Pakistan Muslim League-Nawaz (PML-N) on the latter's 10-point agenda ended inconclusively on Tuesday, both parties returned to their respective corners to draw out a future line of action. more... (ET)

Popular uprising: Qaddafi vows to crush revolt
A defiant Muammar Qaddafi vowed on Tuesday to die “a martyr” in Libya and said he would crush a revolt which has seen eastern regions already break free from his rule.more... (ET)

 

GCC

Dubai Financial Market launches a free 24/7 Stock Portfolio Inquiry Call Service
Dubai Financial Market (DFM) launched today the "Stock Portfolio Inquiry Call Service", a comprehensive voice portal tailored to meet evolving investor needs and a first of its kind service amongst the region's financial markets . more... (zawya)

UAE strengthens defence capabilities
The UAE Armed Forces have announced contracts worth Dh8 billion during the first three days of the International Defence Exhibition and Conference (Idex) 2011, on military purchases and supplies to strengthen the country's security systems and boost its research and development capacity. more... (gulf news)

Incentives to help boost remittances to Pakistan
Pakistan expects a leap in remittances from its expatriates living the UAE this year due to incentives and appreciation offered for remitting the money through legal channels. more... (gulf news)

 

Quote of the Day:

"Research your idea. See if there's a demand. A lot of people have great ideas, but they don't know if there's a need for it. You also have to research your competition." Magic Johnson

 

 

 

 

 

 

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
21-FEB-11
22-FEB-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.8984
0.46%
10.62%
10.51%
-11.10
     
21-FEB-11
22-FEB-11
change
Pakistan Credit Default Swap (CDS 5 year)    
997.55
1,028.78
31.23

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.73
13.35
13.51
13.75
Offer
13.23
13.60
13.76
14.25

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.90
12.70
12.90
13.30
13.45
13.45
Low  
11.75
12.30
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
1.028
138.64
23.30
1.36
0.47

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.30
13.55
13.75
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
1.22
3.12
3.34
3.68
5.56
8.06
12.64
14.15
Change bps
-3.90
-4.20
-13.10
-5.20
-4.30
-0.90
4.50
0.00

Commodities

     
21-FEB-11
22-FEB-11
change
WTI (USD/bbl)    
93.85
95.50
1.75%
     
Brent (USD/bbl)    
107.90
106.50
-1.29%
     
Arab Light (USD/bbl)    
105.18
104.72
-0.43%

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)
355.14
352.75
0.68%
Urea Fertilizer (Rs/bag)
1,121.83
1,123.33
-0.13%
Gold 24cr (Rs./10grm) Khi
38,485.00
38,351.00
0.34%
Rice IRRI -6(Rs/100kg)
3,300.00
3,254.00
1.41%
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)
28.38
28.42
-0.14%
Steel (USD/ton)
550.00
543.25
1.24%
Wheat (CBT) (USD/bu)
792.25
860.50
-7.93%
PTA (USD/ton)
1,475.00
1,435.00
2.79%
Copper (USD/ton)
9,576.00
9760.00
-1.89%

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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 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.
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