BasedLine
Date: 9-Mar-2011
KSE-100 Index
Previous Index 11,974.55
Current Index 11,940.01
Change % -0.29%
YTD (CY11) -0.69%
YTD (FY11) 22.82%
KSE-100 Index
Previous Index 19,813.83
Current Index 19,725.40
Change % -0.45%
YTD (CY11) 4.90%
YTD (FY11) 34.91%
International Indicators
 
Close
%age
BSE-30 18,439.65 1.19
HANGSENG 23,711.70 1.71
NIKKEI 255 10,525.19 0.19
FTSE 5,974.76 -0.10
DJIA 12,214.40 1.03
SSEC 2,989.84 -0.21
NASDAQ 2,765.77 0.73
 
Close
%age
TASI 6,073.79 2.07
KSE(Kuwait) 6,138.00 0.06
BSE 1,393.15 -0.28
MSM 6,292.25 0.07
ADX 2,573.05 0.95
DFM 1,412.51 2.72
QSE 8,011.77 4.30
Capital Market Overview

Market watch: Politics keeps investors away, index falls 35 points

Equity prices dipped for a second consecutive day at the Karachi Stock Exchange (KSE), as political tension and speculation over new taxes kept investors away from assuming fresh positions in the market. more... (ET)

NAVs and Returns
as of Mar 8, 2011
Funds Offer Redemption
POAIIF
52.9613/-
52.4317/-
YTD Return
8.51%
POIAAF
63.51/-
61.92/-
YTD Return
28.94%
POAAAF
58.95/-
57.48/-
YTD Return
20.92%
POAF
10.54/-
YTD Return
-7.45%
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
34.36
2,954
29.72
1.76
-0.69%
KSE30
6.78
583
21.40
1.63
0.46%
KMI30
5.04
433
12.79
0.89
4.90%
KSE All
37.41
3,217
54.22
1.91
-0.85%
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
222.57
110.94
-1.52%
OGDC
15.48
154.04
132.11
-8.59%
UBL
2.00
64.75
42.67
-5.10%
LUCK
1.70
67.40
36.27
-11.07%
F.I.P.I.
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
272.04
(46.67)
225.36
Foreign Corporates
876.83
(50.03)
826.80
Overseas Paksitani
166.39
(191.11)
(24.72)
Grand Total
1,315.25
(287.82)
1027.44
F.I.P.I.
Foregion Investment              
Foregion Investors Protfolio Investmest (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
7-Mar-11
8-Mar-11
Change
Gross Buy
212.75
118.20%
24.56
61.23%
1.86
1.32
-29.03%
Gross Sell
-136.88
19.50%
-22.23
121.50%
-1.34
-0.29
78.36%
Net Buy/(Sell)
75.86
15.92%
2.24
-56.64%
0.52
1.03
98.08%
S.C.R.A
Country
During the Year July 10 to Date
08-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
35.74
0.104
-
30.58
-
-
5.26
1.45
0.314
1.14
Luxembourg
58.68
-
-
33.32
-
-
25.36
0.059
0.088
-0.028
Switzerland
31.99
-
-
10.73
-
-
21.26
-
-
-
UAE
3.94
-
-
6.85
-
-
-3.32
0.041
-
0.041
UK
122.12
165.15
-
101.86
202.63
2.85
-24.22
-
0.435
-0.435
USA
351.66
-
12.27
172.96
-
17.12
173.84
1.75
2.09
-0.338
Total
612.94
165.25
12.27
365.70
202.63
21.54
195.56
3.31
2.93
0.380

News Clippings
Economy

Government fails to develop consensus on reducing wheat reserves

The government on Tuesday failed to take a decision on reducing strategic wheat reserves by two million tons, after the federal food minister opposed his ministry's proposal. more... (ET)

Exchangeable bond: PC told to carry out transaction
The Cabinet Committee on Privatisation (CCoP) which met here on Tuesday with Federal Minister for Privatisation, Senator Abdul Hafeez Shaikh in the chair directed the Privatisation Commission to actively carry out exchangeable bond transaction along with the roadmap presented for capital market transactions. more... (BR)

IMF talks extended after commitments

A last-minute assurance by the government to introduce new taxation measures and withdraw power sector subsidies from April 1 led to a three-day extension in weeklong topsy-turvy talks with a mission of the International Monetary Fund (IMF). more... (D)

SECP takes action against seven market players

The securities market division of the Securities and Exchange Commission of Pakistan (SECP) took action against seven non-compliant market participants in February, according to the regulator on Tuesday. more... (ET)

February CPI seen at 14.1 per cent

Annual consumer price inflation in the country was likely at 14.10 per cent in February, as food prices remained low and the government was absorbing most of the impact of higher world oil prices, a Reuters poll showed on Tuesday. more... (ET)

Company & Sector Update

PSO receives Rs20b from energy companies

Pakistan State Oil (PSO) received payments worth Rs20 billion against outstanding dues from the energy sector on Tuesday. more... (ET)

Further rise in prices witnessed on cotton market
Prices showed further increase on the cotton market on Tuesday due to persisting rise in the international market, dealers said. Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 12500, they said. more... (BR)

Gas: SNGPL - Analysis of Financial Statements - Financial Year 2004 - 1H - Financial Year 2011
SNGPL is the largest integrated gas company in the country, involved in the distribution and transmission of gas in the north of the country, besides construction of high pressure transmission and low pressure distribution systems. more... (BR)

Cement sales decline by 8 per cent
Cement sales for the first eight months of fiscal 2010-11 were recorded at 13.79 million tons, representing an eight per cent decrease, compared with the corresponding period of the preceding year, primarily due to unprecedented floods in July and August 2010, according to a research report .more... (ET)

 

Political

Car bomb kills 25, injures over 100
A car bomb exploded at a CNG station situated in front of an Inter-Services Intelligence (ISI) office in Faisalabad, killing at least 25 people and wounding 130 others on Tuesday, officials said. more... (ET)

President buys time: After hectic talks, MQM stays

Late night parleys end with promise of another meeting, action against Karachi criminals. more... (ET)

Libya no-fly zone a ‘UN decision'

Any decision to impose a no-fly zone over battle-torn Libya should be taken by the United Nations and “not the United States”, US Secretary of State Hillary Clinton told Sky News on Tuesday. more... (D)

 

GCC

Oil spike could result in double dip
The oil price spike caused by the political instability in some Middle East and North African countries could derail the fragile economic recovery in the world, said Nouriel Roubini, the economist who predicted the global financial crisis. more... (gulf news)

Dubai can meet all its debt obligations due this year
Dubai will be able to meet all debt obligations due this year, including a $4 billion (Dh14.68 billion) loan owed by its investment fund, Reuters reported yesterday. more... (gulf news)

Saudis begin freeing 25 activists held in protests.
Saudi authorities have started releasing about 25 Shiites detained last week during protests after community leaders met King Abdullah and other officials, activists said on Tuesday. more... (gulf news)

 

Quote of the Day:

"Without the strength to endure the crisis, one will not see the opportunity within. It is within the process of endurance that opportunity reveals itself. " Ching-Ning Chu

 

 

 

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
7-MAR-11
8-MAR-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.2192
-0.13%
10.69%
10.73%
3.20
     
7-MAR-11
8-MAR-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
989.85
980.17
-9.68

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.81
13.33
13.51
13.76
Offer
13.31
13.58
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
12.95
13.00
13.30
13.45
13.45
Low  
12.25
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
85.09
119.72
1.0394
139.26
23.14
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
1.20
3.27
3.43
3.67
5.52
7.96
12.75
14.15
Change bps
1.70
3.60
3.20
3.90
3.10
-0.80
0.00
0.00

Commodities

     
7-MAR-11
8-MAR-11
change
WTI (USD/bbl)    
104.80
104.36
-0.42%
     
Brent (USD/bbl)    
114.90
112.54
-2.05%
     
Arab Light (USD/bbl)    
110.53
109.16
-1.24%

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./10gm) Khi
39,214.00
39,428.00
-0.54%
Rice IRRI -6(Rs/100kg)
3,358.00
3,365.00
-0.21%
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)
1,425.00
1,431.40
-0.45%
Sugar 11 (USD/lb)
30.70
29.99
2.37%
Steel (USD/ton)
713.69
715.67
-0.28%
Wheat (CBT) (USD/bu)
781.75
792.00
-1.29%
PTA (USD/ton)
1,510.00
1,470.00
2.72%
Copper (USD/ton)
9,565.00
9,435.00
1.38%

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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.