BasedLine
Date: 11-Mar-2011
KSE-100 Index
Previous Index 12,128.15
Current Index
12,125.79
Change % -0.02%
YTD (CY11) 0.86%
YTD (FY11) 24.73%
KSE-100 Index
Previous Index 20125.26
Current Index 20161.83
Change % 0.18%
YTD (CY11) 7.22%
YTD (FY11) 37.90%
International Indicators
 
Close
%age
BSE-30 18,327.98 -0.77
HANGSENG 23,660.79 -0.63
NIKKEI 255 10,434.38 -1.50
FTSE 5,845.29 -1.60
DJIA 11,984.61 -1.87
SSEC 3,002.15 -0.41
NASDAQ 2,701.02 -1.84
 
Close
%age
TASI 6,108.67 0.57
KSE(Kuwait) 6,286.60 1.09
BSE 1,410.98 0.12
MSM 6,334.72 0.49
ADX 2,617.13 0.43
DFM 1,449.98 0.46
QSE 8,228.87 0.70
Capital Market Overview

Market watch: Local bulls lock horns with foreign bears

Bears and bulls locked horns at the Karachi Stock Exchange (KSE) on Thursday, with neither prevailing by the end of the day's trade. more... (ET)

NAVs and Returns
as of Mar 10, 2011
Funds Offer Redemption
POAIIF
53.0028/-
52.4728/-
YTD Return
8.56%
POIAAF
64.25/-
62.64/-
YTD Return
30.72%
POAAAF
59.38/-
57.90/-
YTD Return
21.96%
POAF
10.55/-
YTD Return
-7.31%
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
34.84
2,996
86.48
5.89
0.86%
KSE30
6.92
595
73.35
5.69
2.44%
KMI30
5.14
442
56.29
3.98
7.22%
KSE All
37.91
3,259
103.06
6.11
0.61%
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
226.05
110.99
0.02%
OGDC
15.05
154.80
132.34
-8.14%
UBL
2.00
64.80
42.69
-5.03%
LUCK
1.70
67.60
36.29
-10.81%
F.I.P.I.
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
44.09
(199.29)
(155.21)
Foreign Corporates
419.78
(7,465.34)
(7,045.56)
Overseas Paksitani
218.51
(266.58)
48.07
Grand Total
682.38
(7,931.22)
(7,248.83)
F.I.P.I.
Foregion Investment              
Foregion Investors Protfolio Investmest (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
9-Mar-11
10-Mar-11
Change
Gross Buy
207.93
-85.23%
26.29
94.83%
1.21
0.68
-43.80%
Gross Sell
-144.32
-82.49%
-31.27
46.06%
-1.16
-7.9
581.03%
Net Buy/(Sell)
63.62
-89.11%
-4.98
-193.43%
0.05
-7.25
-14,400%
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

Exports show biggest growth in history

For the first time in 63 years, Pakistan's exports grew by 42 per cent in February over the corresponding month of the previous year, as the country continued to reap benefits of rising commodity prices in the world market. more... (ET)

Inflation eases to 12.91pc
Inflation has decelerated in February on the back of decline in food items, suggested data of Statistics Division issued on Thursday.As a result, the headline inflation, which is based on consumer price index, eased to 12.91 per cent in February from 13.04 per cent in the same month last year. more... (D)

$200 million exchangeable bonds for OGDCL: PC Board gives go ahead for hiring FA

The Privatisation Commission Board on Thursday approved initiation of the process for hiring Financial Advisor (FA) for offloading $200 million exchangeable bonds for Oil & Gas Development Company Limited (OGDCL). The board met under the chairmanship of Federal Minister for Privatisation, Water & Power Syed Naveed Qamar also agreed over the roadmap for the capital market transaction upto June 30, 2011. more... (BR)

Oil futures drop on strong dollar; all eyes set on Libya

Crude oil futures slumped on Thursday as the dollar index strengthened on fresh euro-zone credit woes, while the focus remained on Libya, where the escalating violence triggered fears the country's oil infrastructure could suffer long-lasting damage. more... (TFD)

Company & Sector Update

OGDCL may lose Jakhro field

The Oil and Gas Development Company Limited (OGDCL) is expected to lose Jakhro field with oil and gas reserves worth millions of dollars as the Sindh government is reportedly making a bid for the field declared dormant by OGDCL. Sources told Business Recorder that the Sindh government has demanded that it be granted the lease for Jakhro field after OGDCL lease for the field expires. Jakhro field was termed by OGDCL management as dormant. more... (BR)

Textile industry may face shortage of yarn, cotton
Textile industry of the country is likely to face shortage of yarn and cotton next month which will result in decline of value added textile exports, it is learnt. With expected shortage of these commodities, the prices will rise further making it difficult for the value-added sector to meet foreign orders, sources in the textile industry revealed to Business Recorder. more... (BR)

Huge foreign portfolio outflow of $7.25m
As the Brent is on the boil, foreign funds are seen to be quickly shifting capital from the emerging markets – that largely depend on oil, to the developed markets. more... (D)

 

Political

Supreme Court asks NAB chief Deedar Shah to pack up
The Supreme Court has ruled the appointment of Justice (retd) Syed Deedar Hussain Shah as chairman of the National Accountability Bureau (NAB) illegal, accepting a challenge from the PML-N. The court ordered Justice (retd) Shah to immediately relinquish the office. more... (D)

Violence erupts in Karachi

Violence erupted in many parts of city on Thursday night, which left six people injured, while unknown armed men set three buses on fire. According to details, enraged protesters took to street against the decision of Supreme Court to nullify the appointment of Chairman National Accountability Bureau (NAB). more... (BR)

Gen Kayani lauds role of PAF in war on terror

Chief of the Army Staff General Ashfaq Parvez Kayani said on Thursday that the role of Pakistan Air Force had been critical in the war on terror. Speaking as chief guest at a re-equipment ceremony of No 5 Squadron of Pakistan Air Force held at the Shahbaz PAF Base in Jacobabad, he said: “Pakistan Army fully appreciates the high level of professionalism displayed by the PAF in all counter-terrorist operations.” more... (D)

 

GCC

GCC pledges $20billion in aid for Oman, Bahrain
The Gulf Cooperation Council on Thursday launched a $20 billion aid package for Bahrain and Oman, both of which are facing anti-government protests. The job-generating measure, which will give $10 billion to each country to upgrade their housing and infrastructure over 10 years, was above the $10 billion to $15 billion indicated by officials earlier this week. more... (Gulfnews)

Gulf markets upbeat as volatility eases
Gulf Arab markets edged higher yesterday, extending a week-long rebound as investors became more comfortable with heightened geopolitical risk and stock volatility eased. more... (Gulfnews)


First Gulf Bank to pay dividend, bonus
First Gulf Bank PJSC. successfully concluded its annual general meeting yesterday that approved a cash dividend of 60 per cent, as well as distribution of 5 per cent bonus shares, a total of 75 million shares to the shareholders. more... (zawya)

 

Quote of the Day:

"The golden rule for every business man is this: “Put yourself in your customer’s place." – Orison Swett Marden


 

 

 

Economic Highlights
Economic Indicators
GDP Growth FY11E
4.10%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
175.36mn
US$ Reserves (Mar 05, 2011)
$17.37 bn
Trade Balance (Jul 10- Jan 11)
$(9.32)bn
Curr. A/C (Jul 10-Jan-11)
$(81)mn
Remittances (July 10- Feb 11)
$6.96bn
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) 12.91%
   
CPI Gen. - FY11 (Jul- Feb 11) 14.33%
   
NFNE Core INFL - YoY (Feb 11) 9.20%
   
NFNE Core INFL -FY11 (Jul- Jan 11) 10.30%

Money Market

 
Price
Change
9-MAR-11
10-MAR-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
85.7392
-0.44%
10.76%
10.87%
11.10
     
9-MAR-11
10-MAR-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
975.44
1,008.63
33.19

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.87
13.31
13.50
13.76
Offer
13.37
13.56
13.75
14.26

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.90
12.95
13.00
13.30
13.45
13.45
Low  
12.50
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
85.47
118.40
1.030
138.10
23.22
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
3.21
3.35
3.60
5.47
7.95
12.72
13.95
Change bps
0.40
-4.30
-10.80
-6.50
-6.50
-2.30
6.00
-20.00

Commodities

     
9-MAR-11
10-MAR-11
change
WTI (USD/bbl)    
104.77
101.72
-2.91%
     
Brent (USD/bbl)    
116.27
114.63
1.41%
     
Arab Light (USD/bbl)    
112.45
111.43
-0.90%

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
39,042.00
39,145.00
-0.26%
Rice IRRI -6(Rs/100kg)
3,331.00
3,357.00
-0.77%
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)
1,412.200
1,430.97
-1.31%
Sugar 11 (USD/lb)
28.71
30.42
-5.62%
Steel (USD/ton)
707.99
712.07
-0.57%
Wheat (CBT) (USD/bu)
836.50
760.00
10.06%
PTA (USD/ton)
1,510.00
1,470.00
2.72%
Copper (USD/ton)
9,240.00
9,245.00
-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 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.