BasedLine
Date: 16-Mar-2011
KSE-100 Index
Previous Index 12,045.38
Current Index
11,829.24
Change % -1.79%
YTD (CY11) -1.61%
YTD (FY11) 21.68%
KSE-100 Index
Previous Index 20,036.52
Current Index 19,712.53
Change % -1.62%
YTD (CY11) 4.83%
YTD (FY11) 34.83%
International Indicators
 
Close
%age
BSE-30 18,390.64 -0.27
HANGSENG 22,579.25 -3.29
NIKKEI 255 8,605.15 -9.70
FTSE 5,695.28 -1.40
DJIA 11,993.10 -1.15
SSEC 2,896.26 -1.41
NASDAQ 2,667.33 -1.25
 
Close
%age
TASI 6,011.85 -3.51
KSE(Kuwait) 6,234.30 -1.29
BSE 1,413.09 1.29
MSM 6,293.25 -1.68
ADX 2,614.71 -0.56
DFM 1,447.08 -1.90
QSE 8,184.71 -1.41
Capital Market Overview

Market watch: Regional market tremors reach local bourse

The stock market plunged on Tuesday as the bourse felt regional market tremors on the back of concerns of radiation leaks from a nuclear plant in Japan following a massive earthquake. more... (ET)

NAVs and Returns
as of Mar 15, 2011
Funds Offer Redemption
POAIIF
53.0905/-
52.5596/-
YTD Return
8.64%
POIAAF
63.41/-
61.82/-
YTD Return
26.51%
POAAAF
58.72/-
57.25/-
YTD Return
19.71%
POAF
10.56/-
YTD Return
-6.96%
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
33.81
2,908
78.08
4.98
-1.61%
KSE30
6.69
575
61.67
4.76
-0.95%
KMI30
5.01
431
33.78
2.81
4.83%
KSE All
36.87
3,171
135.07
5.67
-1.66%
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
219.61
111.00
-2.83%
OGDC
15.50
148.73
132.34
-11.74%
UBL
2.00
57.90
42.65
-15.14%
LUCK
1.70
66.88
36.29
-11.76%
F.I.P.I.
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
34.20
(95.33)
(61.17)
Foreign Corporates
2,164.63
(4,834.92)
(2,670.29)
Overseas Paksitani
479.54
(436.48)
43.06
Grand Total
2,678.33
(5,366.73)
(2,688.40)
F.I.P.I.
Foregion Investment              
Foregion Investors Protfolio Investmest (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
14-Mar-11
15-Mar-11
Change
Gross Buy
214.65
106.66%
26.46
37.01%
6.47
2.69
-58.42%
Gross Sell
-146.02
18.29%
-31.48
142.15%
-7.68
-5.39
29.82%
Net Buy/(Sell)
68.63
-11.79%
-5.01
-179.39%
-1.21
-2.70
-123.14%
S.C.R.A
Country
During the Year July 10 to Date
14-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
37.34
0.104
-
30.58
-
-
6.86
0.13
-
0.13
Luxembourg
59.25
-
-
33.74
-
-
25.51
0.03
0.14
-0.12
Switzerland
34.91
-
-
11.01
-
-
23.86
0.63
-
0.63
UAE
4.11
-
-
6.93
-
-
-3.23
-
-
-
UK
123.65
165.15
-
102.87
202.63
2.85
-23.70
-
0.87
-0.87
USA
353.38
-
12.27
180.15
-
17.12
168.37
0.06
5.18
-5.12
Total
621.93
165.25
12.27
379.96
202.63
21.54
190.28
0.84
6.19
-5.36

News Clippings
Economy

Five important but costly projects set to be approved

The cash-strapped government is all set to approve five new but essential projects costing Rs64 billion – a move that will further shrink resources as hundreds of already approved schemes are facing delays and cost overruns. more... (ET)

Two percent increase in power tariff notified
The Ministry of Water and Power has notified two percent increase in power tariff across the board after getting it vetted by the Ministry of Law and Justice, official sources told Business Recorder . more... (BR)

Three ordinances promulgated: 17 percent GST on fertiliser and other items, 15 percent income tax surcharge

President Asif Ali Zardari on Tuesday promulgated three ordinances to impose 17 percent sales tax on fertilisers, agricultural tractors, pesticides, plants, machinery and equipment including its parts, a 15 percent income tax surcharge for Tax Year 2011 and raised special excise duty (SED) from 1 to 2.5 percent. more... (BR)

FY11 may end with $11bn remittances

Pakistani expatriates in various foreign counties sent home remittances of over $7 billion during the eight month of the current fiscal year however, the figure is likely to reach $11 billion by the close of the year. more... (TFD)

15pc flood tax comes into effect

Going by International Monetary Fund's latest diktat of immediate actions, the government on Tuesday slapped massive new taxes besides withdrawal of Sales Tax exemptions that too through Presidential Ordinances. more... (TFD)

Company & Sector Update

Textile exports: Turkish govt approached to seek duty exemption

The Embassy of Pakistan in Ankara has approached Turkish high-ups, seeking duty exemptions for textile exports from Pakistan in the proposed safeguard measures, according to Ambassador Sardar Tariq Azizuddin. more... (ET)

Bank lending to small businesses declines Rs100 billion in 3 years
Bank credit to small and medium enterprises (SME) declined from Rs437 billion in 2007 to Rs334 billion by December 2010, according to State Bank of Pakistan (SBP) Governor Shahid Kardar. more... (ET)

SBP 8M stats say inflows up 27pc
Net Foreign Investment in Pakistan rose 27 per cent to $1.23 billion in the first eight months of the 2010/11 fiscal year because of a sharp rise in foreign portfolio investment, State Bank of Pakistan said Tuesday. Foreign investment was $969.5 million in the same period last year. more... (TFD)

 

Political

Japan disaster death-missing toll passes 11,000: police
The official toll of the dead and missing following a devastating earthquake and tsunami that flattened Japan's northeast coast has topped 11,000, with 3,676 confirmed dead, police said Wednesday. more... (ET)

Hamid Kazmi arrested

The Federal Investigation Agency (FIA) on Tuesday arrested former Religious Affairs Minister Hamid Saeed Kazmi from the District Courts Rawalpindi premises, after the court rejected extension in his interim bail. Special Judge Central (SJC) Sohail Nasir resumed the hearing of the Haj scam on Tuesday. After hearing the arguments the court indicted Kazmi in multi-million scam after dismissal of his bail plea.
more... (BR)

Written promises mark PPP-MQM rapprochement

The Pakistan Peoples Party and the Muttahida Qaumi Movement finally patched up their differences on Tuesday night, as the two parties drafted a detailed understanding seeking to tackle the law and order situation in Karachi. more... (ET)

 

GCC

Shares fall across the world.
Fear of a nuclear catastrophe in Japan pounded world stock markets on Tuesday, shredding $1 trillion (Dh3.67 trillion) in equity valuations as investors dumped assets considered risky and sought the safety of government debt. more... (Gulfnews)

Emirates NBD to invest Dh 50m in Emritisation
Emirates NBD, the UAE's largest bank in terms of assets, will invest Dh50 million in hiring and training UAE nationals in 2011, the bank's chairman announced yesterday to the media after a graduation ceremony of local trainees. more... (Gulfnews)

J.P. Morgan to double its business in Middle East.
JPMorgan (JPM) Private Bank wants to double its Middle Eastern business within the next four years, a move that would see assets under management grow annually between 15 per cent and 20 per cent, by expanding in oil-rich places like Qatar and Abu Dhabi, a senior executive told Zawya Dow Jones on Tuesday. more... (Gulfnews)


Quote of the Day:

"Satisfaction does not come with achievement, but with effort. Full effort is full victory." – Mahatma Gandhi


 

 

 

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
14-MAR-11
15-MAR-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
85.7197
-0.19%
10.83%
10.88%
5.00
     
14-MAR-11
15-MAR-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,024.51
1,142.80
118.30

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.86
13.28
13.49
13.75
Offer
13.36
13.53
13.74
14.25

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.90
13.00
13.00
13.30
13.45
13.45
Low  
13.25
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
85.43
118.80
1.0465
137.53
23.22
1.47
0.46

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.25
13.55
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
1.25
3.30
3.30
3.53
5.40
7.96
12.64
13.85
Change bps
7.00
7.00
8.00
-4.00
4.00
-1.70
2.00
0.00

Commodities

     
14-MAR-11
15-MAR-11
change
WTI (USD/bbl)    
99.10
96.80
-2.11%
     
Brent (USD/bbl)    
111.46
108.27
-2.86%
     
Arab Light (USD/bbl)    
109.63
103.90
-5.23%

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
38,700.00
39,000.00
-0.77%
Rice IRRI -6(Rs/100kg)
3,329.00
3,314.00
0.45%
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)
1,395.70
1,426.40
-2.15%
Sugar 11 (USD/lb)
25.65
27.79
-7.70%
Steel (USD/ton)
709.16
704.11
0.72%
Wheat (CBT) (USD/bu)
676.75
712.50
-5.01%
PTA (USD/ton)
1,500.00
1,470.00
2.04%
Copper (USD/ton)
9,230.00
9,130.00
1.09%

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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.