BasedLine
Date: 8-Mar-2011
KSE-100 Index
Previous Index 12,000.03
Current Index 11,974.55
Change % -0.21%
YTD (CY11) -0.40%
YTD (FY11) 23.17%
KSE-100 Index
Previous Index 19,892.01
Current Index 19,813.83
Change % -0.39%
YTD (CY11) 5.37%
YTD (FY11) 35.52%
International Indicators
 
Close
%age
BSE-30 18,222.67 -1.43
HANGSENG 23,313.19 -0.41
NIKKEI 255 10,505.02 -1.80
FTSE 5,973.78 -0.28
DJIA 12,090.03 -0.66
SSEC 2,996.21 1.83
NASDAQ 2,745.63 -1.40
 
Close
%age
TASI 5,950.74 3.27
KSE(Kuwait) 6,134.60 -0.89
BSE 1,397.07 0.10
MSM 6,287.83 -1.81
ADX 2,548.71 -0.37
DFM 1,375.13 -1.00
QSE 7,681.82 2.57
Capital Market Overview

KSE end lower; rupee firm against dollar

Karachi Stock Exchange (KSE) ended lower on Monday despite a strong opening, as investors remained concerned over developing political issues in the southern province of Sindh. more... (BR)

NAVs and Returns
as of Mar 7, 2011
Funds Offer Redemption
POAIIF
52.9474/-
52.4179/-
YTD Return
8.50%
POIAAF
63.56/-
61.97/-
YTD Return
29.19%
POAAAF
59.04/-
57.56/-
YTD Return
21.24%
POAF
10.53/-
YTD Return
-7.52%
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
34.46
2,963
94.32
5.28
-0.40%
KSE30
6.82
586
72.09
4.95
0.88%
KMI30
5.06
435
50.88
3.01
5.37%
KSE All
37.51
3,226
116.94
5.51
-0.57%
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
219.50
110.94
-2.88%
OGDC
15.48
152.00
132.11
-9.80%
UBL
2.00
64.50
42.67
-5.47%
LUCK
1.70
67.50
36.27
-10.94%
F.I.P.I.
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
299.50
(38.05)
261.46
Foreign Corporates
1,168.71
(874.44)
321.27
Overseas Paksitani
380.64
(444.16)
(63.52)
Grand Total
1,848.86
(1,329.66)
519.20
F.I.P.I.
Foregion Investment              
Foregion Investors Protfolio Investmest (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
4-Mar-11
7-Mar-11
Change
Gross Buy
211.40
129.31%
23.22
70.70%
7.08
1.86
-73.73%
Gross Sell
-136.58
21.59%
-22.02
155.56%
-2.22
-1.34
39.64%
Net Buy/(Sell)
74.82
46.25%
1.20
-75.93%
4.87
0.52
-89.32%
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

FBR mulls hiking tax rate on banks to 40 percent

The Federal Board of Revenue (FBR) has planned to increase the rate of income tax on the banking sector because of higher spread between the deposit and lending rates in Pakistan compared with other countries, a senior tax official said on ... more... (The News)

Loan programme: IMF not impressed by Islamabad's promises
The International Monetary Fund on Monday seemed reluctant to endorse the government's view that Pakistan's economy was on track, heightening Islamabad's financial woes since reticence on the part of the IMF is likely to keep away other donors. more... (ET)

Cotton hits fresh high

Cotton prices surged to record levels once again as spot rate reached Rs12,500 per maund (37.324 kg) during trade on the first day of the week, up by Rs500 from Friday. more... (ET)

ECC may fix wheat procurement target: export to continue till end of season

The Economic Co-ordination Committee (ECC) which is scheduled to meet on Tuesday (today) with Finance Minister, Hafeez Shaikh in the chair will fix 6.57 million tons wheat procurement target for 2010-11 and allow the exporters to continue wheat export till the end of procurement season, official sources told Business Recorder. more... (BR)

Company & Sector Update

Al Baraka to enter mutual fund industry in June

Al Baraka Pakistan Limited (ABPL) will enter the mutual fund industry by June this year and funds will be established in collaboration with a well-established fund manager, ABPL President Shafqaat Ahmed revealed while talking exclusively to The Express Tribune. more... (ET)

Cement exports post healthy growth during February 2011
Cement exports have posted healthy growth of 25 percent during February 2011 as compared to January 2011. However, local cement sales have registered a decline of 9.32 percent. Cement sales for domestic market was 1.778 million tons in February 2011 while exports sales was 0.710 million tons. more... (BR)

BEST WAY CEMENT's RESULTS
Bestway Cement Limited engages in the production and sale of cement in Pakistan. It offers ordinary Portland cement, sulphate resistant cement, quick setting cement, low alkali ordinary Portland cement, and clinker. more... (BR)

Fatima Fertiliser picks BNY Mellon
Fatima Fertiliser Company Limited has selected BNY Mellon – the global leader in asset management and securities servicing – as the depository bank for its American Depository Receipt (ADR) programme. more... (ET)

 

Political

Isolated incidents must not hurt US-PAK ties
Pakistan and the United States must not let “misperceptions and isolated incidents” to affect their relationship, President Asif Zardari said on Monday amidst a deepening controversy between the two allies over the arrest of an alleged CIA contractor on murder charges. more... (ET)

Several injured in blast near army recruitment centre in Faisalabad

Several people were injured in an explosion that took place near the army recruitment centre in Faisalabad on Tuesday, DawnNews reported. more... (D)

US, allies edge toward military options for Libya

The United States and its Nato allies edged closer Monday to formulating a military response to the escalating violence in Libya as the alliance boosted surveillance flights over the country and the Obama administration signaled it might be willing to help arm Moammar Qadhafi's opponents. more... (D)

 

GCC

Insurance House IPO witness a good demand
The response during the first week of Insurance House's IPO, which began on 27th February and ends tomorrow 9th March, has been very encouraging. Mashreq, acting as the lead receiving bank for this IPO has received good response across its branches. more... (zawya)

Investors to complain over Kuwaiti Minister's statements
A large number of Kuwait Stock Exchange (KSE) investors reportedly intend to lodge official complaints with the Council of Ministers this week against finance minister Mustafa Al-Shamali, with many labeling his recent statements about the stock exchange "misleading" and blaming the $17 billion losses sustained by the KSE since January of this year on the panic created by his words. more... (zawya)

Yemen's road to economic turmoil.
Economic growth is weak. Inflation is high. The employment scenario is grave, with the jobless rate on the rise. There are no projects that could possibly provide a start to tens of thousands of jobless people. The budget deficit is big, too. more... (gulf news)

 

Quote of the Day:

"The three great essentials to achieve anything worth while are, first, hard work; second, stick-to-itiveness; third, common sense." Thomas Edison

 

 

 

 

 

Economic Highlights
Economic Indicators
GDP Growth FY11E
4.10%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
175.36mn
US$ Reserves (Feb 26, 2011)
$17.50 bn
Trade Balance (Jul 10- 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
4-MAR-11
7-MAR-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.3279
-0.60%
10.54%
10.69%
-15.00
     
4-MAR-11
7-MAR-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
977.42
989.85
12.43

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.80
13.33
13.50
13.76
Offer
13.30
13.58
13.75
14.26

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.60
12.95
13.00
13.30
13.45
13.45
Low  
12.75
12.70
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
119.38
1.0346
138.95
23.24
1.49
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
1.18
3.23
3.39
3.63
5.49
7.97
12.75
14.15
Change bps
-2.80
-0.20
2.40
0.50
-6.20
3.60
9.00
0.00

Commodities

     
4-MAR-11
7-MAR-11
change
WTI (USD/bbl)    
106.12
104.80
-1.24%
     
Brent (USD/bbl)    
117.18
114.90
-1.95%
     
Arab Light (USD/bbl)    
111.87
110.53
-1.19%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
82.22
86.09
-4.49%
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)
1,106.25
1,112.50
-0.56%
Gold 24cr (Rs./10grm) Khi
39,428.00
39,128.00
0.77%
Rice IRRI -6(Rs/100kg)
3,365.00
3,318.00
1.42%
KCA Cotton (Rs/mound)
12,500.00
12,000.00
4.17%
International
Current
Previous
Change
Coal Spot(USD/ton)
130.30
129.70
0.46%
Gold Futures (USD/oz)
1,431.40
1,436.20
-0.33%
Sugar 11 (USD/lb)
29.99
29.88
0.37%
Steel (USD/ton)
715.67
717.87
-0.31%
Wheat (CBT) (USD/bu)
792.00
828.50
-4.40%
PTA (USD/ton)
1,510.00
1,470.00
2.72%
Copper (USD/ton)
9,435.00
9,880.00
-4.50%

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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 Bizz Info 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 Bizz Info or any part of it should not be reproduced, published or distributed without prior permission.