BasedLine
Date: 25-Feb-2011
KSE-100 Index
Previous Index 11,523.42
Current Index 11,539.26
Change % 0.14%
YTD (CY11) -4.02%
YTD (FY11) 18.69%
KSE-100 Index
Previous Index 18,641.99
Current Index 18,705.82
Change % 0.34%
YTD (CY11) -0.53%
YTD (FY11) 27.94%
International Indicators
 
Close
%age
BSE-30 17,632.41 -3.00
HANGSENG 22,601.04 -1.34
NIKKEI 255 10,452.71 -1.20
FTSE 5,919.98 -0.10
DJIA 12,068.50 -0.31
SSEC 2,878.60 0.56
NASDAQ 2,737.90 0.55
 
Close
%age
TASI 6,263.79 -0.21
KSE(Kuwait) 6,481.10 0.22
BSE 1,432.61 -2.73
MSM 6,646.34 -0.14
ADX 2,613.50 0.20
DFM 1,479.61 -1.30
QSE 8,211.27 0.42
Capital Market Overview

String of KSE losses break

After some continuous bearish activities, Karachi Stock Exchange (KSE) managed to recover somewhat on Thursday. Market ended up in green as investors took positions in oil stocks at attractive levels following higher international crude oil prices which on Thursday touched a dayhigh of $119 a barrel. The benchmark KSE 100-Index closed 15 points up at 11,539 points, KSE 30-Index grew by 21 points to close at 11,063 points and KSE All Share Index rose by 6 points to close at 8,015 points. more... (TFD)

NAVs and Returns
as of Feb 24, 2011
Funds Offer Redemption
POAIIF
52.7952/-
52.2672/-
YTD Return
8.44%
POIAAF
62.74/-
61.17/-
YTD Return
28.17%
POAAAF
57.59/-
56.15/-
YTD Return
17.93%
POAF
10.34/-
YTD Return
-10.50%
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
33.31
2,864
64.81
2.76
-4.02%
KSE30
6.45
555
41.14
2.63
-4.53%
KMI30
4.80
413
23.39
1.53
-0.53%
KSE All
36.29
3,120
80.20
2.94
-4.11%
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
204.50
110.85
-9.51%
OGDC
15.80
155.90
134.73
-7.48%
UBL
2.00
58.00
42.63
-14.99%
LUCK
1.70
62.00
36.24
-18.20%
F.I.P.I.
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
14.48
(4.19)
10.29
Foreign Corporates
3,215.40
(1,899.23)
1,316.18
Overseas Paksitani
245.80
(285.30)
(39.50)
Grand Total
3,475.68
(2,188.72)
1,286.96
F.I.P.I.
Foregion Investment              
Foregion Investors Protfolio Investmest (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
23-Feb-11
24-Feb-11
Change
Gross Buy
171.05
44.60%
41.65
-60.86%
5.35
3.48
-34.95%
Gross Sell
-101.63
12.11%
-35.32
-31.28%
-10.45
-2.19
79.04%
Net Buy/(Sell)
69.43
146.91%
6.33
-88.68%
-5.09
1.29
74.66%
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

Senate body approves bill to privatise IDBP
Govt to absorb Rs24b losses incurr­ed by the bank. more... (ET)

KP, FATA economic revitalization project launching next month
World Bank funded US$ 14 million Economic Revitalization Project for flood and conflict affected Small and Medium Enterprises (SMEs) in Khyber Pakhtunkwha and FATA is likely to start from mid of next month. Proposals for the utilization of fund and waiting for the release of the fund likely to be released in the mid of March to formally launch the project, Javed Iqbal Khattak. more... (BR)

Gilgit-Baltistan: Ban on mining lifted

Gilgit-Baltistan (G-B) Chief Minister Mehdi Shah has ordered lifting of a ban on mining temporarily, requesting associated businessmen to help the government formulate a comprehensive policy to make the industry more productive . more... (ET)

FX reserves at new peak of $17.59bn

Country's foreign exchange reserves rose to a record $17.59 billion in the week ending February 19, up from $17.44 billion the previous week, the central bank said on Thursday. more... (TFD)

 

Company & Sector Update

Market watch: Oil stocks break bearish spell at KSE
The Karach­i Stock Exchan­ge benchm­ark 100-share index ended 0.14 per cent or 15.84 points higher at 11,539.26. more... (ET)

OGDCL fails to declare dividend for the first time
The Oil and Gas Development Company Limited (OGDCL), the country's largest oil and gas explorer, for the first time in its history has failed to announce a dividend with its quarterly results, according to analysts .more... (ET)

Textile exports can touch $ 15bn mark
Pakistan's textile exports can rise to at least $ 15 billion in next two years from the present figure of $ 9 billion per annum by ensuring uninterrupted supply of gas. more... (BR)

 

Political

Air Blue crash: SHC issues notices to airline's CEO
Human Rights and Civil Libert­ies Societ­y files petition claimi­ng invest­igatio­ns in fatal accide­nt still inconclusive. more... (ET)

2011 declared Pak-China Friendship year

ISLAMABAD: Minister of State for Foreign Affairs Ms. Hina Rabbani Khar on Thursday said. more... (TFD)

PML-N can steer country out of current challenges: Nawaz
Nawaz Sharif said on Thursday that price hike, unemployment, load shedding, corruption and terrorism were the result of continuity of Musharraf's policies. more... (BR)

GCC

Jordan Lower House financial committee discusses decline in bourse
The Lower House financial committee on Wednesday blamed regulatory authorities, brokers and listed companies on the Amman Stock Exchange (ASE) for the recent decline in the bourse. more... (zawya)

Selling pressure eases on Gulf bourses
Middle East markets were mixed on Wednesday as selling pressure eased on most bourses following a sharp correction triggered by unprecedented political unrest in the region. more... (zawya)

Al Maktoum International now fully operational
Al Maktoum International Airport has officially opened for general aviation operations, Dubai Airports said in a statement yesterday.The General Civil Aviation Authority (GCAA) granted regulatory approval following a review of safety, security and standard operational procedures at the Jebel Ali airport. more... (gulf news)

 

Quote of the Day:

"Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years." Warren Buffett

 

 

 

 

 

 

Economic Highlights
Economic Indicators
GDP Growth FY11E 4.10%
GDP -2010 $176 bn
Per Capita Income $ 1,051
Population 175.27mn
US$ Reserves (Feb 19, 2011) $17.59 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
23-FEB-11
24-FEB-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.8815
-0.02%
10.51%
10.52%
1.00
     
23-FEB-11
24-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
12.86
13.34
13.50
13.74
Offer
13.36
13.59
13.75
14.24

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
85.41
117.87
0.9585
137.87
23.36
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

     
23-FEB-11
24-FEB-11
change
WTI (USD/bbl)    
98.98
97.63
-1.36%
     
Brent (USD/bbl)    
112.77
112.50
-0.24%
     
Arab Light (USD/bbl)    
110.48
110.11
-0.33%

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)
1,407.40
1,411.90
-0.32%
Sugar 11 (USD/lb)
27.83
27.36
1.72%
Steel (USD/ton)
550.00
543.25
1.24%
Wheat (CBT) (USD/bu)
788.75
763.00
3.37%
PTA (USD/ton)
1,475.00
1,435.00
2.79%
Copper (USD/ton)
9,580.00
9,421.00
1.69%

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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.