BasedLine
Date: 14-Mar-2011
KSE-100 Index
Previous Index 12,125.79
Current Index
12,045.24
Change % -0.68%
YTD (CY11) 0.19%
YTD (FY11) 23.90%
KSE-100 Index
Previous Index 20,161.83
Current Index 20,036.35
Change % -0.62%
YTD (CY11) 6.55%
YTD (FY11) 37.04%
International Indicators
 
Close
%age
BSE-30 18,174.09 -0.84
HANGSENG 23,249.78 -1.55
NIKKEI 255 10,254.43 -1.70
FTSE 5,828.67 -0.30
DJIA 12,044.40 0.50
SSEC 3,002.15 -0.41
NASDAQ 2,715.61 0.54
 
Close
%age
TASI 6,309.63 0.20
KSE(Kuwait) 6,396.40 1.75
BSE 1,417.22 0.44
MSM 6,416.44 1.29
ADX 2,655.63 1.47
DFM 1,512.59 4.32
QSE 8,457.12 2.77
Capital Market Overview

Optimism Amid All-trends

Following tough IMF conditions, foreign offloading, and ongoing political crisis bearishness may persist going forward leading to a low of 11,500 points. More lows could be in store if it fails to sustain there. more... (TFD)

NAVs and Returns
as of Mar 12, 2011
Funds Offer Redemption
POAIIF
53.0305/-
52.5002/-
YTD Return
8.57%
POIAAF
63.95/-
62.35/-
YTD Return
29.79%
POAAAF
59.18/-
57.70/-
YTD Return
21.30%
POAF
10.55/-
YTD Return
-7.24%
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
34.61
2,976
51.09
3.08
0.19%
KSE30
6.88
592
42.30
2.83
1.86%
KMI30
5.11
439
26.95
1.75
6.55%
KSE All
37.66
3,239
67.50
3.28
-0.03%
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
229.95
110.85
1.75%
OGDC
15.50
158.20
132.17
-6.12%
UBL
2.00
65.89
42.64
-3.43%
LUCK
1.70
68.25
36.24
-9.95%
F.I.P.I.
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
18.86
(7.61)
(11.26)
Foreign Corporates
2,106.02
(2,449.11)
(343.08)
Overseas Paksitani
160.96
(165.87)
(7.66)
Grand Total
2,285.85
(2,622.59)
(339.49)
F.I.P.I.
Foregion Investment              
Foregion Investors Protfolio Investmest (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
10-Mar-11
11-Mar-11
Change
Gross Buy
210.21
-75.69%
28.57
75.69%
0.68
2.28
-235.29%
Gross Sell
-146.94
-24.69%
-33.89
10.09%
-7.9
-2.62
-66.84%
Net Buy/(Sell)
63.27
-105.75%
-5.32
-68.60%
-7.25
-0.34
-95.31%
S.C.R.A
Country
During the Year July 10 to Date
10-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
37.16
0.104
-
30.58
-
-
6.68
0.59
-
0.51
Luxembourg
59.17
-
-
33.59
-
-
25.58
0.20
0.23
-0.23
Switzerland
34.27
-
-
10.73
-
-
23.50
-
-
0.003
UAE
4.11
-
-
6.85
-
-
-3.15
0.16
-
0.16
UK
123.65
165.15
-
101.86
202.63
2.85
-22.71
0.10
-
0.08
USA
353.27
-
12.27
174.11
-
17.12
173.70
0.75
0.02
0.72
Total
620.46
165.25
12.27
373.03
202.63
21.54
199.75
1.53
5.55
-4.02

News Clippings
Economy

Detection of income tax fraud cases: FBR to empower proposed DG I&I Inland Revenue

The Federal Board of Revenue (FBR) has decided to empower the proposed Directorate General of Intelligence and Investigation (DG I&I) Inland Revenue to check wrong issuance of income tax refunds and investigate matters relating to the non-reporting of taxable income, under-reporting of taxes and evasion of income tax, advance tax and withholding tax. more... (BR)

'Gas, power shortages discouraging industrial investment'
Chaudhry Salamat Ali, Chairman Pakistan Hosiery Manufacturers & Exporters Association (PHMEA), North Zone has said that the gas shortage in conjunction with electricity shortage has forced a large number of textile industries and small and medium enterprises to close down or become sick units. more... (BR)

PIA: New management struggles to take control

Nearly a month after taking charge, the new management team of Pakistan International Airlines (PIA) has not yet been able to assert itself against the influence of the powerful unions and other interest groups at the national airline. more... (ET)

 

Company & Sector Update

Sindh refuses to pay wellhead price for Sara West field

Oil and Gas Development Company Limited (OGDCL)'s three-member committee is considering a proposal to develop Sara West, Reti/Maru fields and Qadirpur Permeate gas estimated to generate around $18 million revenue per annum as the Sindh government has reportedly refused to pay the wellhead price for Sara West field according to Petroleum Concession Agreement (PCA). more... (BR)

Circular debt delaying exploration projects
While the ministry of Petroleum and Natural Resources is pushing for increased activities for oil and gas exploration to increase production, the main upstream oil and gas companies have complained that the mounting circular debt has created serious financing problems to execute new exploration projects. more... (D)

PFMA demands doubling of wheat quota
Pakistan Flour Mills Association (PFMA), Khyber Pakhtunkhwa has demanded of the government for increasing wheat procurement quota from 0.4 million to 0.8 million tons for coming season to fulfil the need of the province. more... (BR)

 

Political

Mending fences: Malik meets Altaf Hussain
In a separate bid to mend fences , Federal Interior Minister Rehman Malik met Muttahidda Qaumi Movement chief Altaf Hussain in London on Sunday where he expressed the hope that the alliance between the Pakistan Peoples Party (PPP) and the MQM would remain intact. He also said that both parties would jointly combat all internal and external challenges in the “best national interest.” more... (ET)

Davis immunity issue to be decided by trial court: LHC

The Lahore High Court (LHC) on Monday ruled that the issue of Raymond Davis' immunity will be decided by the trial court, DawnNews reported. The ruling came after the Ministry for Foreign Affairs submitted its reply to the LHC on the Davis immunity issue. more... (D)

Awan says Nisar conspiring against Sharifs

Law Minister Babar Awan said on Sunday that Leader of Opposition in the National Assembly, Chaudhry Nisar Ali Khan, was working on a plan to send the Sharifs back to Saudi Arabia. more... (D)

 

GCC

NBAD Approves 30% Cash Dividend
The National Bank of Abu Dhabi's (NBAD) annual general meeting (AGM), held on Sunday at Emirates Palace in Abu Dhabi, approved the distribution of 30 per cent cash dividend and 20 per cent bonus shares to shareholders listed in the share register held with Abu Dhabi Securities Exchange (ADX) as at 23 March 2011. more... (Gulfnews)


UAE Firms Paying Dh13Bn Cash Dividends For 2010

Despite a lacklustre stock market performance, 50 listed firms on the Dubai and Abu Dhabi bourses are paying Dh12.8 billion in cash dividends for the year 2010, data compiled by Emirates 24|7 shows. This is marginally above the Dh12.27b paid by UAE listed companies. more... (Gulfnews)


Inflation between 5-6% seen
Kuwaiti inflation is expected to be between 5 and 6 percent this year, the Central Bank governor said yesterday, adding interest rates are at a 'suitable' level. Kuwait's annual inflation eased to 5.2 percent in January from a nearly two-year high. Price pressure rose in Kuwait last year, led by food costs, pushing inflation to 6.0 percent in December. more... (zawya)

 

Quote of the Day:

"Business opportunities are like buses, there’s always another one coming." – Richard Branson



 

 

 

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- Feb 11)
$(10.27)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
12.89
13.29
13.50
13.76
Offer
13.39
13.54
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
85.46
118.71
1.031
137.34
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
3.21
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

     
10-MAR-11
11-MAR-11
change
WTI (USD/bbl)    
101.72
99.63
-2.05%
     
Brent (USD/bbl)    
114.63
111.94
-2.34%
     
Arab Light (USD/bbl)    
111.43
108.09
-2.99%

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)
1,029.00
1,106.25
-6.98%
Gold 24cr (Rs./10gm) Khi
38,877.00
39,042.00
-0.42%
Rice IRRI -6(Rs/100kg)
3,331.00
3,357.00
-0.77%
KCA Cotton (Rs/mound)
13,700.00
13,000.00
5.30%
International
Current
Previous
Change
Coal Spot(USD/ton)
130.30
129.70
0.46%
Gold Futures (USD/oz)
1,424.40
1,412.20
0.86%
Sugar 11 (USD/lb)
28.86
28.71
0.52%
Steel (USD/ton)
707.99
712.07
-0.57%
Wheat (CBT) (USD/bu)
718.00
836.50
-14.16%
PTA (USD/ton)
1,510.00
1,470.00
2.72%
Copper (USD/ton)
9,125.00
9,240.00
-1.24%

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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.