BasedLine
Date: 15-Mar-2011
KSE-100 Index
Previous Index 12,045.24
Current Index
12,045.38
Change % 0.00%
YTD (CY11) 0.19%
YTD (FY11) 23.90%
KSE-100 Index
Previous Index 20,036.35
Current Index 20,036.52
Change % 0.00%
YTD (CY11) 6.55%
YTD (FY11) 37.04%
International Indicators
 
Close
%age
BSE-30 18,439.48 1.46
HANGSENG 23,345.90 0.40
NIKKEI 255 9,520.49 -5.20
FTSE 5,775.24 -0.90
DJIA 11,993.16 -0.43
SSEC 2,937.63 -2.15
NASDAQ 2,700.97 -0.54
 
Close
%age
TASI 6,230.70 -1.25
KSE(Kuwait) 6,406.90 0.16
BSE 1,395.06 -1.56
MSM 6,400.66 -0.25
ADX 2,629.41 -0.99
DFM 1,475.15 -2.48
QSE 8,301.55 -1.84
Capital Market Overview

Market watch: Stocks flat despite launch of leverage product

The stock market ended at the same level it opened on Monday despite the much-awaited margin trading system marking its first day at the bourse. more... (ET)

NAVs and Returns
as of Mar 14, 2011
Funds Offer Redemption
POAIIF
53.0587/-
52.5281/-
YTD Return
8.58%
POIAAF
63.96/-
62.36/-
YTD Return
29.47%
POAAAF
59.16/-
57.68/-
YTD Return
21.00%
POAF
10.56/-
YTD Return
-7.03%
Funds Rating
AMC
AM3
POAIIF
A+ (f)
POAF
AA-
  Feb-11 Jan-11 MoM(%)
AUM's (PKR bn) 192.80 193.55 -0.39%
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
34.58
2,974
34.67
2.15
0.19%
KSE30
6.86
591
30.60
2.06
1.57%
KMI30
5.09
438
12.54
0.86
6.55%
KSE All
37.65
3,238
77.05
2.57
0.02%
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
225.77
110.85
-0.10%
OGDC
15.26
153.68
130.12
-8.80%
UBL
2.00
60.19
42.64
-11.78%
LUCK
1.70
68.15
36.24
-10.08%
F.I.P.I.
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
19.86
(666.30)
(646.44)
Foreign Corporates
6,281.69
(6,814.05)
(532.36)
Overseas Paksitani
120.97
(141.00)
(20.03)
Grand Total
6,422.51
(7,621.35)
(1,198.84)
F.I.P.I.
Foregion Investment              
Foregion Investors Protfolio Investmest (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
11-Mar-11
14-Mar-11
Change
Gross Buy
214.65
106.66%
26.46
37.01%
2.28
6.47
183.78%
Gross Sell
-146.02
18.29%
-31.48
142.15%
-2.62
-7.68
-193.13%
Net Buy/(Sell)
68.63
-11.79%
-5.01
-179.39%
-0.34
-1.21
-255.89%
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

IMF team's next visit likely in May

The International Monetary Fund (IMF) team will finalise the schedule for its next visit to Pakistan for the fifth review under the Stand-By Arrangement (SBA) programme within the next 15 days, sources close to IMF told Business Recorder here on Monday. This effectively implies that the SBA is stalled, not cancelled, analysts said. more... (BR)

Tokyo stocks take $287bn hit
Japan's central bank pumped a record $184 billion into money markets and took other measures to protect a teetering economy Monday, as the Tokyo stock market nose-dived following a devastating earthquake and tsunami. The benchmark Nikkei 225 stock average slid 6.2 per cent in its first day of trading since the 8.9-magnitude quake centered on northeastern Japan struck Friday, triggering enormous waves that swamped towns and killed thousands. more... (TFD)

State Bank expected to leave discount rate unchanged

The State Bank of Pakistan (SBP) is likely to keep discount rate unchanged at 14 per cent in the monetary policy announcement due by the end of this month, according to a poll conducted by The Express Tribune. more... (ET)

 

Company & Sector Update

Government aims to enhance value addition in textile

The government is targeting to enhance value of cotton by 100 per cent from $1,000 per bale to $2,000 per bale, through value addition over the next four years, according to Ministry of Textile Industry Secretary Shahid Rasheed. more... (ET)

ICI eyes expansion of soda ash and polyester business
ICI Pakistan is planning to invest further in its soda ash business and is also evaluating the possibility of expanding the polyester staple fibre (PSF) segment, according to Chief Executive Waqar A Malik. more... (ET)

JS Bank to issue discounted shares
JS Bank has decided to increase its paid-up capital by issuing shares at a discounted value to meet the central bank's minimum capital requirement. The bank, however, did not disclose the amount of shares it will issue. more... (BR)

 

Political

Bills stalled in parliament: ordinances in 48 hours
Two Ordinances will be promulgated in the next 48 hours that will allow the government to impose taxes proposed in the Finance Amendment Bill 2010 pending for parliamentary approval, informed sources revealed to Business Recorder on Monday. more... (D)

UK mutely backed torture: Musharraf

Former president Pervez Musharraf revealing the dual policy of Britain over torture of arrested al Qaeda suspects has said that UK government never stopped him from torturing the al Qaeda's arrested suspects. more... (TFD)

Japan battles against nuclear meltdown

Japan has officially asked the UN atomic watchdog for a team of experts and the United States for additional equipment as its engineers raced to prevent a meltdown at a stricken nuclear plant late Monday night. Tokyo needs water and other resources from Washington to keep its quake-damaged nuclear reactors cool. more... (ET)

 

GCC

Dubai trades up despite unrest.
Unrest across the Middle East and increased scrutiny over exports to Iran are unlikely to impact trade through the regional hub Dubai, and volumes are expected to rise 16 per cent in 2011, the emirate's customs head said. more... (Gulfnews)

GCC forces in Bahrain to help restore order
Bahrain on Monday confirmed the arrival of military units from the Peninsula Shield “following regrettable events that undermined security and threatened citizens and residents. more... (Gulfnews)

New rating system for small and medium enterprises launched.
Shaikh Mohammad Bin Rashid Establishment for Small and Medium Enterprises, an agency under the Dubai Department of Economic Development (DED), yesterday launched Dubai SME100, a ranking system for UAE-based Small and Medium Enterprises (SMEs). more... (Gulfnews)


Quote of the Day:

"A warrior of light who trusts too much in his intelligence will end up underestimating the power of his opponent. " – Paulo Coehlo



 

 

 

 

 

Economic Highlights
Economic Indicators
GDP Growth FY11E
4.10%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
175.44mn
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 (Feb-11) 12.91%
   
CPI Gen. - FY11 (Jul- Feb 11) 14.33%
   
NFNE Core INFL - YoY (Feb 11) 9.20%
   
NFNE Core INFL -FY11 (Jul- Feb 11) 9.80%

Money Market

 
Price
Change
11-MAR-11
14-MAR-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
85.8858
0.02%
10.84%
10.83%
-0.30
     
11-MAR-11
14-MAR-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,019.19
1,024.51
5.32

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.86
13.29
13.50
13.76
Offer
13.36
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  
13.75
13.00
13.00
13.30
13.45
13.45
Low  
13.00
12.90
12.80
13.05
13.15
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
85.56
118.73
1.039
136.94
23.22
1.49
0.46

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.25
13.60
13.78
Last Cut Off.
13.29
13.69
13.86
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
14.15
14.00
14.30
14.29
10 Y-PIB
14.00
13.85
14.36
14.27

10 Yr Govt bond (%)
Japan
Germony
US
UK
Australia
India
Brazil
Pakistan
Yield
1.18
3.23
3.22
3.57
5.36
7.98
12.62
13.85
Change bps
-4.00
2.00
-16.00
-6.00
-9.00
2.30
5.00
-10.00

Commodities

     
11-MAR-11
14-MAR-11
change
WTI (USD/bbl)    
99.63
99.10
-0.53%
     
Brent (USD/bbl)    
111.94
111.46
-0.43%
     
Arab Light (USD/bbl)    
108.09
109.63
1.43%

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
39,000
39,042.00
-0.11%
Rice IRRI -6(Rs/100kg)
3,314.00
3,355.00
-1.22%
KCA Cotton (Rs/mound)
12,700.00
13,700.00
-7.29%
International
Current
Previous
Change
Coal Spot(USD/ton)
130.85
129.70
0.89%
Gold Futures (USD/oz)
1,414.20
1,424.40
-0.72%
Sugar 11 (USD/lb)
27.79
28.86
-3.71%
Steel (USD/ton)
704.11
704.62
-0.07%
Wheat (CBT) (USD/bu)
712.50
718.00
-0.76%
PTA (USD/ton)
1,500.00
1,470.00
2.04%
Copper (USD/ton)
9,130.00
9,125.00
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.