BasedLine
Date: 7-Mar-2011
KSE-100 Index
Previous Index 11,762.00
Current Index 12,000.03
Change % 2.02%
YTD (CY11) -0.19%
YTD (FY11) 23.43%
KSE-100 Index
Previous Index 19,485.33
Current Index 19,892.01
Change % 2.09%
YTD (CY11) 5.78%
YTD (FY11) 36.05%
International Indicators
 
Close
%age
BSE-30 18,486.45 0.02
HANGSENG 23,408.86 1.24
NIKKEI 255 10,693.66 1.02
FTSE 5,990.39 -0.20
DJIA 12,169.90 -0.72
SSEC 2,942.31 0.80
NASDAQ 2,784.70 -0.50
 
Close
%age
TASI 5,762.50 0.92
KSE(Kuwait) 6,189.90 0.69
BSE 1,395.72 1.33
MSM 6,403.62 0.81
ADX 2,558.28 1.12
DFM 1,389.04 2.72
QSE 7,489.25 -2.20
Capital Market Overview

Weekly review: Bulls regain control of market as KSE-100 surges 7%.

Bulls returned to the market and held a firm grip on proceedings at the Karachi Stock Exchange, as the benchmark KSE-100 index rose seven per cent, or 776 points, during the week ended March 4, recouping losses suffered in the previous week. more... (ET)

NAVs and Returns
as of Mar 4, 2011
Funds Offer Redemption
POAIIF
52.9186/-
52.3894/-
YTD Return
8.48%
POIAAF
63.76/-
62.17/-
YTD Return
30.12%
POAAAF
59.14/-
57.66/-
YTD Return
21.79%
POAF
10.35/-
YTD Return
-10.07%
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
34.53
2,969
158.78
8.60
-0.19%
KSE30
6.83
587
130.16
8.17
1.11%
KMI30
5.08
437
78.33
5.00
5.78%
KSE All
37.59
3,233
187.49
8.94
-0.36%
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
216.48
111.09
-4.21%
OGDC
15.86
154.67
135.53
-8.21%
UBL
2.00
62.95
42.73
-7.74%
LUCK
1.70
66.12
36.32
-12.76%
F.I.P.I.
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
43.19
(40.46)
2.72
Foreign Corporates
6,501.00
(1,592.83)
4,908.12
Overseas Paksitani
503.35
(571.49)
(68.14)
Grand Total
7,047.49
(2,204.79)
4,842.70
F.I.P.I.
Foregion Investment              
Foregion Investors Protfolio Investmest (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
3-Mar-11
4-Mar-11
Change
Gross Buy
209.53
128.17%
21.35
67.30%
0.95
7.08
645.26%
Gross Sell
-135.23
20.40%
-20.67
168.19%
-3.13
-2.22
29.07%
Net Buy/(Sell)
74.30
45.23%
0.68
-86.61%
-2.18
4.87
123.39%
S.C.R.A
Country
During the Year July 10 to Date
04-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
34.29
0.104
-
30.27
-
-
4.12
0.060
-
0.060
Luxembourg
58.62
-
-
33.23
-
-
25.39
0.221
-
0.221
Switzerland
31.99
-
-
10.73
-
-
21.22
2.27
-
2.27
UAE
3.90
-
-
6.85
-
-
-3.36
-
-
-
UK
122.12
165.15
-
101.43
202.63
2.85
-23.79
0.201
7.02
(6.82)
USA
349.91
-
12.27
170.87
-
17.12
174.18
0.310
1.81
(1.50)
Total
609.64
165.25
12.27
362.78
202.63
21.54
195.18
4.49
8.84
(4.35)

News Clippings
Economy

92 foreign companies among 825 borrowers: over Rs 4 billion loans written off in 2009
Around 825 borrowers, including 92 foreign companies, got written off their Rs 4019.355 million loans from four major financial institutions in 2009. more... (BR)

Lessons from across the border: Don't raise power tariff, reduce line losses (II)

In the first part of this article we discussed how the power crisis is bleeding the economy dry. And we spoke not just about the residential consumer but the impact on industry and the resulting unemployment. more... (ET)

Online verification of import documents: FBR, SBP working on EDI

The Federal Board of Revenue (FBR) and the State Bank of Pakistan (SBP) are working on a new system, ie, Electronic Data Interchange (EDI) between banks and customs department for online verification of import documents including Letters of Credit (LCs) etc to check under-invoicing. more... (BR)

Company & Sector Update

125,000 metric tons of urea: SABIC assures supply during March

Saudi Basic Industries Corporation (SABIC) has assured supply of 125,000 metric tons urea under the 100 million dollar credit facility during this month and first consignment is expected to reach Gwadar sea port on March 15, 2011. more... (BR)

Bin Qasim Thermal Power Station to run partially coal
The Karachi Electric Supply Company (KESC) has signed a Memorandum of Understanding (MoU) with a Chinese company to convert two of its boilers at the Bin Qasim Thermal Power Station from furnace oil to coal , said KESC Manager Strategic Planning and Business Development Ammar Ali Talaat. more... (ET)

Increase in age limit of used car: PAMA facing split after govt decision
Pakistan Automotive Manufacturers Association (PAMA) is reportedly facing split after the government's decision to increase the age limit of used cars from three to five years and increase in depreciation in assessable value from 50 to 60 per cent. more... (BR)

 

 

Political

Secret British team leaves Libya
Britain said on Sunday that a “small diplomatic team” who were reportedly being held in Benghazi after trying to “initiate contacts” with opposition rebels had left Libya after experiencing “difficulties.” more... (ET)

MQM to boycott Sindh Assembly session over Mirza's statement

The Muttahida Qaumi Movement (MQM) on Monday announced that it will be boycotting the Sindh Assembly session over the recent statements of provincial home minister Zulfiqar Mirza, DawnNews reported. more... (D)

Rebels repel raids on Sirte

Forces loyal to Muammar Gaddafi on Sunday forced rebels back from areas around Bin Jawad, a town between rebel-held Ras Lanuf and Gaddaffi's home town of Sirte on which the rebels had set their sights. Rebels had set out towards Sirte on Sunday morning from Ras Lanuf but came under heavy fire at Bin Jawad, 160 km (100 miles) from Sirte. more... (TFD)

 

GCC

Fund to help Bahrain, Oman
Gulf Arab officials are considering setting up a fund that would help Bahrain and Oman deal with some of the economic issues that have helped stoke unrest in those two nations, an official with the six-nation Gulf Cooperation Council said yesterday. more... (gulf news)

Saudi clerics endorse ban on public demonstrations
Saudi clerics have backed the Ministry of Interior's decision to ban all demonstrations in the kingdom. more... (gulf news)

Emaar Gets Dh214M From Amlak.
Dubai-headquartered real estate developer Emaar Properties received Dh214.43 million from its subsidiary, Islamic mortgage provider Amlak Finance, in 2010, and believes that the remainder Dh712m that its arm owes it is "fully recoverable," according to the Emaar financial statement published on the Dubai bourse. more... (zawya)

 

Quote of the Day:

"I've always worked very, very hard, and the harder I worked, the luckier I got." Alan Bond

 

 

 

 

 

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
3-MAR-11
4-MAR-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.8454
0.83%
10.75%
10.54%
-20.30
     
3-MAR-11
4-MAR-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
981.62
977.42
-4.20

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.84
13.35
13.51
13.76
Offer
13.34
13.60
13.76
14.26

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.40
12.95
13.00
13.30
13.45
13.45
Low  
12.25
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
85.47
118.46
1.0454
139.18
23.29
1.48
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
1.21
3.24
3.37
3.63
5.55
7.93
12.75
14.15
Change bps
1.20
-5.20
-6.40
-8.70
5.50
0.30
9.00
0.00

Commodities

     
3-MAR-11
4-MAR-11
change
WTI (USD/bbl)    
101.67
106.12
4.38%
     
Brent (USD/bbl)    
114.53
117.18
2.31%
     
Arab Light (USD/bbl)    
110.42
111.87
1.31%

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
39,128.00
39,171.00
-0.11%
Rice IRRI -6(Rs/100kg)
3,318.00
3,319.00
-0.03%
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)
1,436.20
1,419.50
1.18%
Sugar 11 (USD/lb)
29.88
30.59
-2.32%
Steel (USD/ton)
717.87
721.24
-0.47%
Wheat (CBT) (USD/bu)
828.50
826.75
0.22%
PTA (USD/ton)
1,470.00
1,470.00
-0.34%
Copper (USD/ton)
9,880.00
9,865.00
0.15%

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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.