BasedLine
Date: 1-Mar-2011
KSE-100 Index
Previous Index 11,223.52
Current Index 11,289.23
Change % 0.59%
YTD (CY11) -6.10%
YTD (FY11) 16.12%
KSE-100 Index
Previous Index 18,298.92
Current Index 18,671.73
Change % 2.04%
YTD (CY11) -0.71%
YTD (FY11) 27.71%
International Indicators
 
Close
%age
BSE-30 17,823.40 0.69
HANGSENG 23,338.00 1.42
NIKKEI 255 10,624.09 0.90
FTSE 5,994.01 0.10
DJIA 12,226.30 0.79
SSEC 2,905.05 0.92
NASDAQ 2,782.27 0.04
 
Close
%age
TASI 5,941.63 -0.15
KSE(Kuwait) 6,481.10 0.22
BSE 1,430.77 -0.40
MSM 6,142.42 -4.89
ADX 2,588.90 -1.50
DFM 1,410.70 -3.83
QSE 7,932.84 -3.19
Capital Market Overview

Market watch: Stock market recovers slightly

The stock market recovered slightly on Monday as investors got into action and bought shares at lower levels. The Karachi Stock Exchange benchmark 100-share index ended 0.59 per cent or 65.7 points higher at 11,289.22. more... (ET)

NAVs and Returns
as of Feb 28, 2011
Funds Offer Redemption
POAIIF
52.8387/-
52.3103/-
YTD Return
8.43%
POIAAF
62.98/-
61.41/-
YTD Return
28.41%
POAAAF
57.60/-
56.16/-
YTD Return
17.67%
POAF
10.35/-
YTD Return
-10.17%
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
32.71
2,802
68.72
3.27
-6.10%
KSE30
6.40
549
52.47
3.05
-5.59%
KMI30
4.81
412
31.71
1.93
-0.71%
KSE All
35.69
3,058
86.23
3.38
-6.03%
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
204.81
111.25
-9.38%
OGDC
15.01
146.52
128.45
-13.05%
UBL
2.00
60.30
42.79
-11.62%
LUCK
1.70
62.11
36.37
-18.05%
F.I.P.I.
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
56.46
(383.95)
327.49
Foreign Corporates
6,806.13
(4,294.61)
2,511.52
Overseas Paksitani
290.92
(252.33)
38.58
Grand Total
7,153.51
(4,930.89)
2,222.61
F.I.P.I.
Foregion Investment              
Foregion Investors Protfolio Investmest (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
25-Feb-11
28-Feb-11
Change
Gross Buy
188.18
148.08%
52.60
-55.11%
3.43
7.20
109.91%
Gross Sell
-114.56
20.90%
-47.07
-16.65%
-6.48
-4.97
23.30%
Net Buy/(Sell)
73.62
127.74%
5.54
-90.88%
-3.05
2.24
26.56%
S.C.R.A
Country
During the Year July 10 to Date
25-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
32.62
0.104
-
27.91
-
-
4.81
0.377
0.127
0.250
Luxembourg
57.99
-
-
32.87
-
-
25.11
0.015
-
0.015
Switzerland
24.01
-
-
9.15
-
-
14.81
0.011
-
0.011
UAE
3.43
-
-
6.85
-
-
-3.82
-
-
-
UK
120.88
165.15
-
90.74
202.63
2.85
-14.34
0.369
0.367
0.003
USA
344.49
-
12.27
165.61
-
17.12
174.02
1.49
3.11
(1.61)
Total
590.63
165.25
12.27
342.54
202.63
21.54
196.41
3.30
3.60
(0.300)

News Clippings
Economy

Petrol pump operators end ‘strike'
Petrol pumps remained closed on Monday morning as the Pakistan Petroleum Dealers Association (PPDA) called a one-day strike against the government's perceived unwillingness to increase margins earned by dealers on fuel sales. more... (ET)

POL products: prices raised almost 10 percent
The government has increased oil prices by 9.9 percent up to Rs 8.58 per litre, in line with hike in global prices due to unrest in North Africa and the Middle East, effective from today (Tuesday), a day prior to International Monetary Fund team's talks with Pakistani officials on its suspended programme. more... (BR)

Centre borrowed Rs 443 billion against budgeted Rs 166 billion

The government borrowed Rs 443 billion from domestic sources during the first six months of the current fiscal year to finance the budget deficit against an estimated Rs 166 billion earmarked in the budget for the entire fiscal year, according to fiscal operation report. more... (BR)

IMF team likely due today

The International Monetary Fund (IMF) team is expected to arrive here on Tuesday to discuss recent economic developments and progress made by the government of Pakistan in implementing policy measures to restore macroeconomic stability and supporting structural reforms, sources told Business Recorder.more... (BR)

 

Company & Sector Update

Fertiliser sales fall as gas outages rise

Fertiliser sales fell 22 per cent to 540,000 tons in January on the back of increased curtailment of gas supply to the sector during the month. Four of eight producers of urea, a type of fertiliser, remained idle in the month due to the reduction in gas supply, according to KASB Securities. more... (ET)

APTMA demands nonstop gas supply; Zardari ready for talks
Rejecting the SNGPL move for five- day gas suspension to the textile industry, the All Pakistan Textile Mills Association (APTMA) has demanded uninterrupted gas supply from March 1. more... (D)

Textile: AZGARD NINE LIMITED - Analysis of Financial Statements Financial Year 2003 - 3Q 2010
Pakistan being the fourth largest cotton producing country in the world, its textile industry receives great importance locally as well as globally. The industry plays a pivotal role in the national economy, contributing 60% to the total exports. more... (BR)

 

Political

EU agrees Libya arms embargo, travel ban
European Union governments approved a package of sanctions against Libyan leader Muammar Qadhafi and his closest advisers on Monday, including an arms embargo and bans on travel to the bloc. The 27 EU states also agreed to freeze the assets of Gaddafi, his family and government, and ban the sale of goods such as tear gas and anti-riot equipment that can be used against demonstrators. more... (BR)

SHC appointments: Federation restrained from issuing notification

SC reiter­ates decisi­on to suspen­d parlia­mentar­y commit­tee's recomm­endati­ons. more... (ET)

US not to swap Dr Aafia with Davis
The Obama administration has rejected Pakistan's proposal to trade Raymond Davis for Dr Aafia Siddiqui, a Pakistani neuroscientist serving an 86-year term in a US prison, diplomatic sources told Dawn. more... (D)

Petition filed to make the US party in Davis immunity case

A petition was filed in the Lahore High Court (LHC) on Tuesday to make the United States of America a party in the ongoing Raymond Davis immunity case, DawnNews reported. The petitioner also stated that the court should issue a notice to the US Ambassador to Pakistan in the case. more... (D)

GCC

Regional turmoil brings TASI down 5%
Saudi Arabia's Tadawul All-Share Index (TASI) slumped to a nine-month low on Sunday and most Gulf markets also slid due to fears unrest was spreading in the region. more... (zawya)

Saudi Arabia: US cables reveal extent of royal welfare
When Saudi King Abdullah arrived home last week, he came bearing gifts: handouts worth $37 billion (Dh135.88 billion), apparently intended to placate Saudis of modest means and insulate the world's biggest oil exporter from the wave of protest sweeping the Arab world. more... (gulf news)

Regional markets extend losses as unrest grows
Middle East stock markets extended their losses yesterday, with no sign of selling pressure easing as deadly unrest sweeping the region spooks investors. more... (gulf news)

 

Quote of the Day:

"Don't limit yourself. Many people limit themselves to what they think they can do. You can go as far as your mind lets you. What you believe, remember, you can achieve." Mary Kay Ash

 

 

 

Economic Highlights
Economic Indicators
GDP Growth FY11E 4.10%
GDP -2010 $176 bn
Per Capita Income $ 1,051
Population 175.31mn
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
25-FEB-11
28-FEB-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.1022
0.18%
10.50%
10.46%
-4.20
     
25-FEB-11
28-FEB-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,048.22
1,042.33
-5.89

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.79
13.34
13.51
13.75
Offer
13.29
13.59
13.76
14.25

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.25
13.00
13.00
13.30
13.45
13.45
Low  
12.50
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
85.76
117.83
1.049
138.12
23.33
1.38
0.47

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.35
13.60
13.78
Last Cut Off.
13.49
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
3.14
3.30
3.60
5.46
8.01
12.59
14.15
Change bps
0.60
1.80
0.90
-1.40
-4.20
-6.30
0.00
0.00

Commodities

     
25-FEB-11
28-FEB-11
change
WTI (USD/bbl)    
96.98
97.41
0.44%
     
Brent (USD/bbl)    
114.35
112.44
-1.69%
     
Arab Light (USD/bbl)    
110.02
108.41
-1.46%

Domestic
Current
Previous
Change
High Speed Diesel ((litre)
86.09
78.33
9.91%
Furnace Oil (Rs/ton)
62,405.46
58,042.53
7.52%
Cement (Rs. Bag Avg)
357.13
355.14
0.56%
Urea Fertilizer (Rs/bag)
1,020.00
1,121.83
-9.07%
Gold 24cr (Rs./10grm) Khi
38,785.00
38,571.00
0.55%
Rice IRRI -6(Rs/100kg)
3,343.00
3,322.00
0.63%
KCA Cotton (Rs/mound)
11,800.00
12,000.00
-1.67%
International
Current
Previous
Change
Coal Spot(USD/ton)
129.70
124.30
4.34%
Gold Futures (USD/oz)
1,413.40
1,407.40
0.43%
Sugar 11 (USD/lb)
29.45
27.83
5.82%
Steel (USD/ton)
729.17
728.71
0.06%
Wheat (CBT) (USD/bu)
819.50
788.75
3.89%
PTA (USD/ton)
1,470.00
1,475.00
-0.34%
Copper (USD/ton)
9,815.00
9,580.00
2.45%

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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.