BasedLine
Date: 3-Mar-2011
KSE-100 Index
Previous Index 11,608.43
Current Index 11,699.16
Change % 0.78%
YTD (CY11) -2.69%
YTD (FY11) 20.34%
KSE-100 Index
Previous Index 19,227.57
Current Index 19,348.17
Change % 0.63%
YTD (CY11) 2.89%
YTD (FY11) 32.34%
International Indicators
 
Close
%age
BSE-30 18,318.32 -0.70
HANGSENG 23,048.66 -1.49
NIKKEI 255 10,492.38 -2.43
FTSE 5,914.89 -0.35
DJIA 12,066.80 0.07
SSEC 2,918.92 0.48
NASDAQ 2,748.07 0.39
 
Close
%age
TASI 5,323.27 -3.89
KSE(Kuwait) 6,157.70 -2.59
BSE 1,409.79 -1.02
MSM 6,303.82 -1.53
ADX 2,527.40 -1.82
DFM 1,374.43 -3.53
QSE 7,657.47 -3.57
Capital Market Overview

Market watch: Stock market gains 91 points

The stock market gained 91 points on Wednesday as investors accumulated shares before the launch of a margin trading system, according to analysts. more... (ET)

NAVs and Returns
as of Mar 2,2011
Funds Offer Redemption
POAIIF
52.8706/-
52.3419/-
YTD Return
8.45%
POIAAF
63.43/-
61.84/-
YTD Return
29.41%
POAAAF
58.55/-
57.09/-
YTD Return
20.28%
POAF
10.36/-
YTD Return
-10.00%
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 AMCs 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
33.69
2,897
107.40
5.12
-2.69%
KSE30
6.64
571.11
62.84
4.89
-1.73%
KMI30
4.94
425.24
42.59
3.45
2.89%
KSE All
36.71
3,157
143.29
5.42
-2.77%
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
212.70
111.23
-5.88%
OGDC
15.60
152.50
133.47
-9.50%
UBL
2.00
62.95
42.78
-7.74%
LUCK
1.70
62.98
36.36
-16.90%
F.I.P.I.
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
373.58
(20,927)
352.65
Foreign Corporates
3,875.78
(2,410.83)
1,464.95
Overseas Paksitani
374.56
(354.38)
20.18
Grand Total
4,623.93
(2,786.14)
1,873.78
F.I.P.I.
Foregion Investment              
Foregion Investors Protfolio Investmest (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
1-Mar-11
2-Mar-11
Change
Gross Buy
194.89
46.15%
20.41
17.77%
8.67
4.64
-46.48%
Gross Sell
-128.29
34.70%
-20.18
91.28%
-12.52
-2.80
77.64%
Net Buy/(Sell)
66.60
71.92%
0.23
-96.61%
-3.85
1.84
147.79%
S.C.R.A
Country
During the Year July 10 to Date
01-Mar-2011
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
33.74
0.104
-
30.04
-
-
3.80
1.11
2.13
1.02
Luxembourg
57.99
-
-
33.23
-
-
24.76
-
-
-
Switzerland
24.26
-
-
10.733
-
-
13.49
-
0.99
(0.999)
UAE
3.90
-
-
6.85
-
-
-3.36
0.46
-
(0.467)
UK
121.88
165.15
-
91.32
202.63
2.85
-14.53
0.44
0.61
(166)
USA
346.57
-
12.27
167.21
-
17.12
174.45
0.69
0.41
(0.018)
Total
595.68
165.25
12.27
349.41
202.63
21.54
194.59
2.79
4.15
(0.463)

News Clippings
Economy

All set to resume two percent monthly raise in power tariff
The government is all set to resume 2 percent monthly increase in electricity tariff probably from next month to do away with subsidy in an effort to get the IMF Stand-Bay-Arrangement (SBA) restored, it is learnt. Sources in the finance ministry said the proposal for 2 percent monthly increase in power tariff for the remaining months of current.. more... (BR)

FBR awaiting green signal to chase tax evaders

The government is reluctant to give tax authorities the green signal to crack down on 700,000 tax evaders, even at a time when there is a shortfall in revenue collection. more... (ET)

Govt plans 15pc flood-surcharge

Pakistan will impose a flood surcharge of 15 per cent on income tax in order to tackle the country's widening budget deficit, a government source involved in talks with the IMF said on Wednesday. “Yes, we plan to impose the flood surcharge,” the source told Reuters, declining to give details of when the surcharge might be levied. more... (ET)

Company & Sector Update

Tim Draper invests in agribusiness in Pakistan

One of the world's most successful venture capitalists, Tim Draper, has invested in Agroventures (Pvt) Ltd, a high-growth food and agribusiness company based in Islamabad. Draper is the founder and a managing director of international venture capital firm. more... (BR)

KESC's energy conservation programme SSUET offers technical support
Sir Syed University of Engineering and Technology (SSUET) has offered its technical support for the ongoing Energy Conservation Programme (CSP) of the Karachi Electric Supply Company (KESC). The offer was made by Chancellor of SSUET, Z.A. Nizami, at the physical energy conservation demonstration organised by KESC at the University campus on Wednesday. more... (BR)

‘Gasoline demand to triple by 2025'
Population and economic growth will help Pakistan's motor gasoline consumption triple in the next 15 years, according to the head of Attock Refinery Limited (ARL). more... (ET)

 

 

Political

Terrorists silence another voice of interfaith harmony
More or less two months after the assassination of Punjab governor Salman Taseer, Federal Minister for Minorities Affairs Shahbaz Bhatti has lost his life in a well-planned attack for his alleged opposition to the misuse of the blasphemy law. more... (D)

Gaddafi swears to fight till last man

trongman Moamer Gaddafi vowed on Wednesday that he would never step down as Libyan leader because he was “not a president to resign, or a king to step off the throne.” Gaddafi appeared at a televised public rally in Tripoli among loyalists of his regime as rebels fought back his forces east of the capital. more... (TFD)

Gilani vows new strategy to fight extremism
Prime Minister Yousuf Raza Gilani told a mournful National Assembly after the assassination of his minorities affairs minister on Wednesday his government would make a new strategy to combat religious extremism in consultation with parliament and military leadership. more... (D)

Hike in POLP products'' prices: MQM holds out three-day ultimatum to government

Prime Minister Yousuf Raza Gilani told a mournful National Assembly after the assassination of his minorities affairs minister on Wednesday his government would make a new strategy to combat religious extremism in consultation with parliament and military leadership. more... (BR)

GCC

Arab unrest pushes Gulf markets down
Stock markets in the Gulf states dived on Wednesday as they continued to be impacted by fear from unrest sweeping several Arab countries despite soaring oil prices. more... (zawya)

Gulf turmoil: Tadawul hits two-year low
Political unrest in the Middle East continues to rattle the Saudi stock market. The Tadawul All-Share Index (TASI) made its largest drop in two years on Tuesday as uncertainty continues to erode the confidence of investors in the region. more... (gulf news)

GCC working on economic packages for Bahrain, Oman
The Gulf Cooperation Council (GCC) plans to launch a massive Marshall Plan-style programme to assist Bahrain and Oman, a Kuwaiti daily reported yesterday. more... (gulf news)

 

Quote of the Day:


" I think that only daring speculation can lead us further and not accumulation of facts." Albert Einstein

 

 

 

Economic Highlights
Economic Indicators
GDP Growth FY11E 4.10%
GDP -2010 $176 bn
Per Capita Income $ 1,051
Population 175.33mn
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 (Feb 4, 2011) Rs5,046.86bn
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
1-MAR-11
2-MAR-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.1517
-1.05%
10.47%
10.74%
26.50
     
1-MAR-11
2-MAR-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,046.73
1,023.92
-22.82

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.79
13.34
13.51
13.76
Offer
13.29
13.59
13.76
14.26

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
85.74
117.89
1.046
139.15
23.33
1.38
0.46

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
1.18
3.16
3.25
3.64
5.46
8.00
12.49
14.15
Change bps
-3.80
1.70
7.10
1.50
-3.00
-0.80
-6.90
0.00

Commodities

     
1-MAR-11
2-MAR-11
change
WTI (USD/bbl)    
100.32
102.00
1.67%
     
Brent (USD/bbl)    
115.83
116.31
0.41%
     
Arab Light (USD/bbl)    
112.46
111.83
0.56%

Domestic
Current
Previous
Change
High Speed Diesel ((litre)
86.09
78.33
9.91%
Furnace Oil (Rs/ton)
66,210.30
62,405.46
6.10%
Cement (Rs. Bag Avg)
357.13
355.14
0.56%
Urea Fertilizer (Rs/bag)
1,112.50
1,020.00
-0.83%
Gold 24cr (Rs./10grm) Khi
39,128.00
38,764.00
0.94%
Rice IRRI -6(Rs/100kg)
3,316.00
3,342.00
-0.78%
KCA Cotton (Rs/mound)
12,000
12,000
0.00%
International
Current
Previous
Change
Coal Spot(USD/ton)
129.70
124.30
4.34%
Gold Futures (USD/oz)
1,432.90
1,430.70
0.15%
Sugar 11 (USD/lb)
30.38
29.45
3.15%
Steel (USD/ton)
721.65
728.46
-0.10%
Wheat (CBT) (USD/bu)
809.65
808.25
0.17%
PTA (USD/ton)
1,470.00
1,475.00
-0.34%
Copper (USD/ton)
9,870.00
9,845.00
0.35%

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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.