BasedLine
Date: 4-Mar-2011
KSE-100 Index
Previous Index 11,699.16
Current Index 11,762.00
Change % 0.54%
YTD (CY11) -2.17%
YTD (FY11) 20.98%
KSE-100 Index
Previous Index 19,348.17
Current Index 19,485.33
Change % 0.71%
YTD (CY11) 3.62%
YTD (FY11) 33.27%
International Indicators
 
Close
%age
BSE-30 18,489.76 0.23
HANGSENG 23,122.42 0.32
NIKKEI 255 10,586.02 0.89
FTSE 6,005.09 1.52
DJIA 12,258.20 1.59
SSEC 2,918.92 0.48
NASDAQ 2,798.74 1.84
 
Close
%age
TASI 5,323.27 -3.89
KSE(Kuwait) 6,177.70 -0.16
BSE 1,377.36 -2.30
MSM 6,352.23 0.77
ADX 2,529.82 0.10
DFM 1,352.24 -1.61
QSE 7,489.25 -2.20
Capital Market Overview

Gone-gains bulling back to Khi bourse

On Thursday Karachi Stock Exchange (KSE) ended higher for the fourth consecutive session above 11,700 points level with improved volumes as investors took positions ahead of Margin Trading System (MTS) launch from March 7, 2011. The KSE 100-Index sprang up by 62 points to close at 11,762 level, KSE 30-Index by 75 points to close at 11,462 mark while KSE All Share Index grew by 44 points to close at 8,171 points. more... (TFD)

NAVs and Returns
as of Mar 3,2011
Funds Offer Redemption
POAIIF
52.8840/-
52.3552/-
YTD Return
8.46%
POIAAF
63.56/-
61.97/-
YTD Return
29.67%
POAAAF
58.76/-
57.29/-
YTD Return
20.79%
POAF
10.34/-
YTD Return
-10.15%
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
34.05
2,913
124.30
5.19
-2.17%
KSE30
6.72
575
111.46
5.03
-1.08%
KMI30
5.06
428
79.35
3.09
3.62%
KSE All
37.10
3,174
162.44
5.55
-2.24%
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
214.48
111.19
-5.10%
OGDC
15.38
152.70
131.55
-9.38%
UBL
2.00
62.95
42.77
-7.74%
LUCK
1.70
64.31
36.35
-15.15%
F.I.P.I.
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
36.75
(62.62)
(25.87)
Foreign Corporates
605.78
(2,629.52)
(2,023.74)
Overseas Paksitani
305.82
(427.86)
(122.04)
Grand Total
948.36
(3,120.00)
(2,171.64)
F.I.P.I.
Foregion Investment              
Foregion Investors Protfolio Investmest (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
2-Mar-11
3-Mar-11
Change
Gross Buy
202.44
127.91%
14.26
64.18%
4.64
0.95
-79.53%
Gross Sell
-133.02
19.80%
-18.45
393.53%
-2.80
-3.13
-11.78%
Net Buy/(Sell)
69.43
46.97%
-4.19
-184.58%
1.84
-2.18
-18.48%
S.C.R.A
Country
During the Year July 10 to Date
02-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
33.97
0.104
-
30.16
-
-
3.92
0.227
0.111
0.116
Luxembourg
58.12
-
-
33.23
-
-
24.89
0.134
-
0.134
Switzerland
26.52
-
-
10.73
-
-
15.75
2.27
-
2.27
UAE
3.90
-
-
6.85
-
-
-3.36
-
-
-
UK
121.88
165.15
-
92.86
202.63
2.85
-15.46
-
0.929
(0.929)
USA
348.32
-
12.27
167.47
-
17.12
175.99
1.74
0.249
1.49
Total
600.07
165.25
12.27
350.69
202.63
21.54
197.69
4.38
1.29
3.09

News Clippings
Economy

Agility extends PaCCS till March 31
Federal Board of Revenue (FBR) Chairman Salman Siddique is expected to visit the headquarters of Kuwait-based software developer Agility over the weekend, well-informed sources told The Express Tribune on Thursday. more... (ET)

ADB to provide $400m for infrastructure in Sindh: Bengali

The Asian Development Bank (ADB) will provide soft loan of dollars 400 million to Government of Sindh for post-flood infrastructure development. more... (BR)

NRSP Microfinance Bank: SBP allows nationwide operations

The State Bank of Pakistan (SBP) has allowed NRSP Microfinance Bank to commence business as a nationwide microfinance concern. more... (ET)

Company & Sector Update

BoK posts Rs 563.486 million profit after tax

The Bank of Khyber (BoK) has posted Rs 563.486 million as profit after tax in the year ended December 31, 2010 as compared to after tax loss of Rs 637.183 million registered in the corresponding period in 2009. The board of directors of the bank in its meeting held on Thursday declared that the bank's earning per share stood at Rs 1.13 in the period under review against per share loss of Rs 1.27 in the same period a year back. more... (BR)

StanChart profit hits record as Asia booms
Profit at Standard Chartered jumped 19 percent in 2010 and the Asia-focused bank said it was off to a record start this year as China, India and other Asian markets boomed. The London-based bank, which generates more than four fifths of its profit in Asia and other emerging markets, said it had its best ever January and expects revenue to grow by at least 10 percent this year and beyond.
more... (BR)

Lotte to build $400m petrochemical plant
The Lotte Group is planning to invest $400 million for establishing a petrochemical plant in Karachi which will triple its production capacity to 1.5 million tons, according to IGI Securities. more... (ET)

 

 

Political

Fuel price revision halved
Federal Finance Minister Hafeez Sheikh announced on Thursday that the recent increase in the prices of petroleum products will be slashed by 50 per cent. more... (ET)

'President won't go for ordinance': taxation bills stalled in parliament

The President will not promulgate any Ordinance to impose 15 percent income tax surcharge and increase in Special Excise Duty (SED) by 1.5 percent," president's spokesman Farhatullah Babar said while talking to Business Recorder on Thursday. more... (TFD)

Venezuela says Libya accepts its peace plan: Obama steps up pressure as Libya jets strike
Libyan jets struck rebel positions Thursday as US President Barack Obama stepped up demands that Moamer Qadhafi cede power and his Russian counterpart warned of an impending civil war. Venezuela's President Hugo Chavez joined the diplomatic offensive, proposing an international mediation mission to pull the North African country back from the brink, a move rejected late Thursday by the rebels as "too late". more... (BR)

Bhatti's murder: Prime Minister announces three-day mourning

Prime Minister Syed Yousuf Raza Gilani has announced 3-day official mourning on the assassination of Federal Minister for Minorities' Affairs, Shahbaz Bhatti. The prime minister while making the announcement on the floor of the National Assembly here on Thursday, said that the national flag would also be kept on half mast for one-day to mourn the killing. more... (BR)

GCC

Food prices at 20-year high
Global food prices have reached their highest point in 20 years and could increase further because of rising oil prices stemming from the unrest in Libya and the Middle East, a UN agency warned yesterday. more... (gulf news)

Du will spend Dh1.7b on its infrastructure
Telecommunications operator du will spend Dh1.7 billion in infrastructure development during this year, as it expands fixed line services across the country. more... (gulf news)

Region only a decade away from severe water crisis.
Without effective policies, change in water usage behaviour and international cooperation, a catastrophic water scarcity will hit the Middle East and North Africa (Mena) region within the next ten years, a senior regional diplomat said in the capital yesterday. more... (gulf news)

 

Quote of the Day:

"Family, religion, friends.. these are the three demons you must slay if you wish to succeed in business." Monty Burns

 

 

 

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
2-MAR-11
3-MAR-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.13
-0.03%
10.74%
10.75%
0.80
     
2-MAR-11
3-MAR-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,023.92
981.62
-42.30

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.81
13.34
13.51
13.76
Offer
13.31
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  
12.00
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
85.72
118.62
1.046
139.78
23.31
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
14.70
14.20
14.30
14.29
10 Y-PIB
14.20
14.15
14.36
14.27

10 Yr Govt bond (%)
Japan
Germony
US
UK
Australia
India
Brazil
Pakistan
Yield
1.20
3.29
3.43
3.71
5.50
7.93
12.66
14.15
Change bps
2.30
13.20
8.70
7.90
4.10
-7.00
16.50
0.00

Commodities

     
2-MAR-11
3-MAR-11
change
WTI (USD/bbl)    
102.00
101.67
-0.32%
     
Brent (USD/bbl)    
116.31
114.53
-0.86%
     
Arab Light (USD/bbl)    
111.83
110.42
-1.26%

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
1,121.83
-0.83%
Gold 24cr (Rs./10grm) Khi
39,171.00
39,128.00
0.11%
Rice IRRI -6(Rs/100kg)
3,319.00
3,316.00
0.09%
KCA Cotton (Rs/mound)
12,000.00
12,000.00
0.00%
International
Current
Previous
Change
Coal Spot(USD/ton)
129.70
124.30
4.34%
Gold Futures (USD/oz)
1,419.50
1,432.90
-0.94%
Sugar 11 (USD/lb)
30.59
30.38
0.69%
Steel (USD/ton)
721.24
721.65
-0.06%
Wheat (CBT) (USD/bu)
826.75
809.65
2.11%
PTA (USD/ton)
1,470.00
1,470.00
-0.34%
Copper (USD/ton)
9,865.00
9,870.00
-0.05%

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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.