BasedLine
Date: 10-Mar-2011
KSE-100 Index
Previous Index 11,940.01
Current Index 12,128.15
Change % 1.58%
YTD (CY11) 0.88%
YTD (FY11) 24.75%
KSE-100 Index
Previous Index 19,725.40
Current Index 20125.26
Change % 2.03%
YTD (CY11) 7.02%
YTD (FY11) 37.65%
International Indicators
 
Close
%age
BSE-30 18,469.95 0.16
HANGSENG 23,810.11 0.42
NIKKEI 255 10,589.50 0.60
FTSE 5,937.30 -0.60
DJIA 12,213.09 -1.01
SSEC 3,002.15 0.41
NASDAQ 2,761.72 -0.51
 
Close
%age
TASI 6,108.67 0.57
KSE(Kuwait) 6,218.90 1.32
BSE 1,409.32 1.16
MSM 6,303.82 0.18
ADX 2,605.80 1.27
DFM 1,443.28 2.18
QSE 8,171.59 1.99
Capital Market Overview

Fertiliser stocks carry index above 12,000 points

Equity prices bounced back at the Karachi Stock Exchange (KSE) on Wednesday on the back of renewed interest from foreign funds. more... (ET)

NAVs and Returns
as of Mar 9, 2011
Funds Offer Redemption
POAIIF
52.9888/-
52.4589/-
YTD Return
8.55%
POIAAF
64.10/-
62.50/-
YTD Return
30.45%
POAAAF
59.33/-
57.85/-
YTD Return
21.91%
POAF
10.54/-
YTD Return
-7.38%
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
34.88
2,999
71.11
5.41
0.88%
KSE30
6.93
596
53.16
4.98
2.61%
KMI30
5.14
442
39.08
2.92
7.02%
KSE All
37.95
3,263
100.41
5.71
0.64%
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
229.95
110.22
1.75%
OGDC
13.05
158.20
110.65
-6.12%
UBL
2.00
65.89
42.39
-3.43%
LUCK
1.70
68.25
36.03
-9.95%
F.I.P.I.
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
29.27
(36.36)
(7.09)
Foreign Corporates
838.00
(812.81)
25.19
Overseas Paksitani
328.83
(301.47)
27.36
Grand Total
1,196.09
(1,150.64)
45.46
F.I.P.I.
Foregion Investment              
Foregion Investors Protfolio Investmest (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
8-Mar-11
9-Mar-11
Change
Gross Buy
213.97
113.89%
25.78
52.90%
1.32
1.21
-8.33%
Gross Sell
-138.05
17.05%
-23.50
113.20%
-0.29
-1.16
300.00%
Net Buy/(Sell)
75.92
8.56%
2.28
-60.92%
1.03
0.05
-95.15%
S.C.R.A
Country
During the Year July 10 to Date
09-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
36.33
0.104
-
30.58
-
-
5.85
0.59
-
0.59
Luxembourg
58.90
-
-
33.36
-
-
25.55
0.23
0.042
0.19
Switzerland
34.27
-
-
10.73
-
-
23.51
2.29
-
2.29
UAE
3.94
-
-
6.85
-
-
-3.32
-
-
-
UK
123.53
165.15
-
101.86
202.63
2.85
-22.82
1.41
-
1.41
USA
351.94
-
12.27
174.11
-
17.12
172.97
0.28
1.16
-0.88
Total
617.73
165.25
12.27
366.89
202.63
21.54
199.15
4.79
1.19
3.59

News Clippings
Economy

5.3 percent budget deficit estimated for current fiscal: IMF approval required

The government has estimated 5.3 per cent budget deficit for the current fiscal year on the basis of cut in expenditure and proposed revenue measures to be implemented from April 1 and is requesting International Monetary Fund (IMF) for its approval, it was learnt. more... (BR)

Govt decides to withdraw 50% sales tax relief on sugar
Within 24 hours of the International Monetary Fund's (IMF) deadline, the government has in principle decided to withdraw 50 per cent sales tax relief on sugar sale and increase the rate to 17 per cent, a first step towards winning the shattered confidence of the Fund. more... (ET)

State Bank borrows Rs174b

The State Bank of Pakistan (SBP) on Wednesday borrowed Rs174.4 billion on behalf of the government in an auction of market treasury bills at returns ranging from 13.39 to 13.85 per cent. more... (ET)

IMFassured of RGST in FY12.

Government of Pakistan has assured International Monetary Fund (IMF) here Wednesday of implementing Reformed-General Sales Tax (RGST) from the next fiscal year (FY12), while also agreed to raise electricity tariff by 6 per cent during next three months – dividing it by 2 per cent each during April, May and June – on the other hand, Fund has demanded a written guarantee regarding the abolishment of all subsidies. more... (TFD)

Company & Sector Update

Securities lending and borrowing from March 21

A securities lending and borrowing (SLB) system will be introduced in all three stock exchanges of the country from March 21, according to National Clearing Company of Pakistan Limited (NCCPL) Chief Executive Officer Muhammad Lukman on Wednesday. more... (ET)

Cotton prices surge to Rs13,000
Cotton prices shot up to another peak at Rs13,000 per maund (37.324 kg) on Wednesday on the back of skyrocketing international market and shortage of the commodity in the domestic market, dealers said. more... (ET)

Toyota bets on emerging markets, to double profit
Toyota Motor Corp will rely more on emerging markets for sales and launch about 10 new hybrid models under a long-term strategy aimed at nearly doubling profits before 2015, its president said on Wednesday. more... (BR)

 

Political

President assures to remove MQM grievances
MQM Deputy Convener Dr Farooq Sattar on Wednesday said that President Asif Ali Zardari has promise to solve all differences of MQM.
During a quick chat with host of journalists in Karachi airport, Sattar said that President Zardari promised to resolve all lingering problems of MQM in an amicable manner. more... (TFD)

US charges Pakistani with illegal nuclear exports

A Pakistani national has been arrested and charged with a scheme to illegally export nuclear-related materials to his home country from the United States, the US Justice Department said on Wednesday.more... (D)

Pakistan plans to buy more F-16s

Pakistan is trying to purchase used F-16 fighter jets from the United States to enhance its air capabilities, diplomatic sources told. more... (D)

 

GCC

KSE priceindex starts the day in green
The price index of Kuwait Stock Exchange was green at 9:32 a.m. Wednesday coming to 6,192.3 points with an up of 54.3 points, while the weighted index came to 435.03 points with an up of 8.69 points. more... (zawya)

Qatari bourse index crosses 8,000 points
Qatari stocks rallied on the second trading day yesterday with bourse index recovering considerably to breach the psychologically critical level of 8,000 points. The market capitalisation, which fell below the QR400bn-mark also jumped back to reach QR404.42bn. more... (zawya)

Mubadala seeks Dubal stake in strategic move.
Abu Dhabi-based Mubadala Development Company has offered to buy shares in the state-owned industry giant Dubai Aluminium Company (Dubal) to form a holding company that includes Emirates Aluminium Company (Emal) and create a production capacity of 2.5 million tonnes annually, according to a top government official. more... (gulf news)

 

Quote of the Day:

"The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly central bankers." Ben Beranke

 

 

 

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
8-MAR-11
9-MAR-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.1154
-0.12%
10.73%
10.76%
3.50
     
8-MAR-11
9-MAR-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
980.17
975.44
-4.74

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.84
13.33
13.51
13.76
Offer
13.34
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  
12.75
12.75
12.80
13.05
13.15
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
85.22
118.51
1.0314
137.69
23.25
1.49
0.46

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.35
13.60
13.78
Last Cut Off.
13.29
13.69
13.85
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
3.26
3.35
3.66
5.54
7.98
12.66
14.15
Change bps
1.00
-1.40
-7.80
-1.10
1.30
1.60
-8.50
0.00

Commodities

     
8-MAR-11
9-MAR-11
change
WTI (USD/bbl)    
104.36
104.77
0.39%
     
Brent (USD/bbl)    
112.54
116.27
3.31%
     
Arab Light (USD/bbl)    
109.16
112.45
3.01%

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
39,145.00
39,214.00
-0.18%
Rice IRRI -6(Rs/100kg)
3,357.00
3,358.00
-0.03%
KCA Cotton (Rs/mound)
13,000.00
12,500.00
4.00%
International
Current
Previous
Change
Coal Spot(USD/ton)
130.30
129.70
0.46%
Gold Futures (USD/oz)
1,430.97
1,425.00
0.42%
Sugar 11 (USD/lb)
30.42
30.70
-0.91%
Steel (USD/ton)
712.07
713.69
-0.23%
Wheat (CBT) (USD/bu)
760.00
781.75
-2.78%
PTA (USD/ton)
1,510.00
1,470.00
2.72%
Copper (USD/ton)
9,245.00
9,565.00
-3.35%

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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 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.