BasedLine
Date: 24-Feb-2011
KSE-100 Index
Previous Index 11,649.80
Current Index 11,523.42
Change % -1.08%
YTD (CY11) -4.15%
YTD (FY11) 18.53%
KSE-100 Index
Previous Index 18,867.03
Current Index 18,641.99
Change % -1.19%
YTD (CY11) -0.86%
YTD (FY11) 27.50%
International Indicators
 
Close
%age
BSE-30 18,178.33 -0.60
HANGSENG 22,906.90 -0.36
NIKKEI 255 10,579.10 -0.80
FTSE 5,923.53 -1.20
DJIA 12,105.80 -0.88
SSEC 2,862.63 -2.37
NASDAQ 2,722.99 -1.21
 
Close
%age
TASI 6,263.79 -0.21
KSE(Kuwait) 6,466.60 0.76
BSE 1,472.77 0.33
MSM 6,655.53 -1.10
ADX 2,608.24 1.12
DFM 1,499.04 1.33
QSE 8,176.74 -0.10
Capital Market Overview

Market watch: Bourse continues to fall in line with world markets

The bourse continued to tumble on foreign selling as stock markets around the world remained under pressure from the Middle East crisis.The Karachi Stock Exchange benchmark 100-share index ended 1.08 per cent or 125.96 points lower at 11,523.42 on Wednesday – its lowest closing since December 7, 2010. more... (ET)

NAVs and Returns
as of Feb 23, 2011
Funds Offer Redemption
POAIIF
52.7815/-
52.2537/-
YTD Return
8.43%
POIAAF
62.63/-
61.06/-
YTD Return
27.96%
POAAAF
57.79/-
56.35/-
YTD Return
18.62%
POAF
10.33/-
YTD Return
-10.58%
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
33.26
2,860
81.73
3.91
-4.15%
KSE30
6.44
554
48.89
3.35
-4.72%
KMI30
4.78
411
34.10
2.41
-0.86%
KSE All
36.26
3,118
100.50
4.12
-4.18%
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
208.50
110.96
-7.74%
OGDC
16.76
157.79
143.05
-6.36%
UBL
2.00
59.30
42.68
-13.09%
LUCK
1.70
59.95
36.27
-20.90%
F.I.P.I.
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
14.38
(386.99)
(372.61)
Foreign Corporates
2,323.88
(3,832.71)
(1,508.83)
Overseas Paksitani
275.78
(329.91)
(54.13)
Grand Total
2,614.05
(4,549.62)
(1,935.57)
F.I.P.I.
Foregion Investment              
Foregion Investors Protfolio Investmest (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
22-Feb-11
23-Feb-11
Change
Gross Buy
164.97
43.69%
35.56
-36.38%
2.74
5.35
95.26%
Gross Sell
-94.89
14.81%
-28.58
-27.83%
-5.89
-10.45
77.42%
Net Buy/(Sell)
70.07
114.22%
6.97
-58.04%
-3.15
-5.09
61.58%
S.C.R.A
Country
During the Year July 10 to Date
22-Feb-2011
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
31.82
0.104
-
27.78
-
-
4.15
0.001
0.351
(0.350)
Luxembourg
57.93
-
-
32.87
-
-
25.06
0.398
-
0.398
Switzerland
23.99
-
-
8.61
-
-
15.34
-
0.422
(0.422)
UAE
2.93
-
-
6.76
-
-
-4.24
-
-
-
UK
120.32
165.15
-
89.39
202.63
2.85
-13.56
0.735
0.217
0.518
USA
340.71
-
12.27
157.87
-
17.12
177.97
1.11
1.67
(0.557)
Total
583.75
165.25
12.27
332.70
202.63
21.54
199.36
2.25
2.66
(0.412)

News Clippings
Economy

Cut in development spending: Punjab and Sindh the most affected provinces
A massiv­e cut of Rs100b in federa­l develo­pment budget will largel­y affect projec­ts in Punjab and Sindh. more... (ET)

FBR says 70 per cent of corporate sector not paying taxes
Chairman of the Federal Board of Revenue, Salman Siddique, voiced out concerns in the federal capital today, about the bleak tax collection issue in the country. He raised a concerning issue, by saying that 70 per cent of the corporate sector in Pakistan is not paying tax. more... (D)

Bilour demands 400 locomotives to transform PR into profit entity

Minister for Railways Haji Ghulam Ahmad Bilour on Wednesday said Pakistan Railways (PR) could be transformed into a profit earning organization if it gets 400 locomotives. more... (BR)

State Bank raises liquidity requirements for Islamic banks
Statut­ory liquid­ity requir­ement for Islami­c banks has been raised to 14 per cent of total demand liabil­ities. more... (ET)

Company & Sector Update

OGRA fines oil marketing firms Rs8m

The Oil and Gas Regulatory Authority (Ogra) has imposed fines worth Rs8.05 million on oil marketing companies (OMCs), said a statement issued by the regulatory authority. more... (ET)

Yamaha to establish plant at Bin Qasim
Yamaha Motors Pakistan will spend $150 million on setting up a new plant on a 50-acre plot at Bin Qasim, near Karachi, according to Yamaha Motors President Hiroyuki Yanagi. .more... (ET)

Monthly oil price revision: Govt faced with three options
The government is expected to pick one of three options for the monthly price revision of petroleum products, according to Topline Securities .more... (ET)

 

Political

Divorce in Punjab: PML-N, PPP to part ways tomorrow
Pakist­an Muslim League-Nawaz (PML-N) decides to distance itself from its partner in the Punjab govern­ment. more... (ET)

Pakistanis living in Libya are safe: Envoy

Pakistan's Acting Ambassador to Libya Ali Javed said on Wednesday that all the Pakistanis living in Libya were safe and the embassy was in contact with them.more... (BR)

WB loan for education questioned in NA
Lawmakers from both the treasury and opposition benches in National Assembly on Wednesday questioned the government's decision to borrow $300 million from World Bank for the development of higher education sector. more... (D)

GCC

Qatar stocks fall 3.57pc
Qatari stocks fell a massive 3.57 percent (303 points) yesterday but analysts said the decline was normal considering that most listed companies have announced their 2010 financials, cash and stock dividends. more... (zawya)

Reality shock: 1bhk for 25,000
As rents continue to slide in some Dubai areas, residents are wondering if we're seeing rock bottom or there's more to come. A one-bedroom unit at International City is now offered for Dh25,000 (60 per cent off the peak) while a similar unit at the Discovery Gardens was being advertised this week for Dh35,000, down from its peak of about Dh75,000 .more... (gulf news)

Major firms seal deal with UAE Armed Forces
Many companies based on joint ventures between Emirati and international companies have won a large number of contracts awarded by the UAE Armed Forces at the exhibition so far. more... (gulf news)

 

Quote of the Day:

"Positive things happen to positive people". Sarah Beeny

 

 

 

 

 

 

Economic Highlights
Economic Indicators
GDP Growth FY11E 4.10%
GDP -2010 $176 bn
Per Capita Income $ 1,051
Population 175.26mn
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
22-FEB-11
23-FEB-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.8815
-0.02%
10.51%
10.52%
1.00
     
22-FEB-11
23-FEB-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,028.78
1,056.20
27.43

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.82
13.36
13.51
13.75
Offer
13.32
13.61
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
13.10
13.00
13.30
13.45
13.45
Low  
13.50
12.85
12.80
13.05
13.15
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
85.44
117.01
1.03
138.69
23.21
1.37
0.47

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.35
13.60
13.80
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
1.19
3.11
3.37
3.67
5.53
8.05
12.89
14.15
Change bps
-3.40
-1.00
3.00
-1.20
-2.90
-1.70
25.80
0.00

Commodities

     
22-FEB-11
23-FEB-11
change
WTI (USD/bbl)    
95.50
98.98
3.64%
     
Brent (USD/bbl)    
106.50
112.77
5.89%
     
Arab Light (USD/bbl)    
104.72
110.48
5.50%

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
38,571.00
38,485.00
0.22%
Rice IRRI -6(Rs/100kg)
3,284.00
3,300.00
-0.48%
KCA Cotton (Rs/mound)
11,800
12,000
-1.67%
International
Current
Previous
Change
Coal Spot(USD/ton)
124.30
126.75
-1.93%
Gold Futures (USD/oz)
1,411.90
1,399.40
0.89%
Sugar 11 (USD/lb)
27.36
28.28
-3.25%
Steel (USD/ton)
550.00
543.25
1.24%
Wheat (CBT) (USD/bu)
763.00
762.25
0.10%
PTA (USD/ton)
1,475.00
1,435.00
2.79%
Copper (USD/ton)
9,421.00
9,576.00
-1.62%

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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.