BasedLine
Date: 17-Mar-2011
KSE-100 Index
Previous Index 12,045.38
Current Index
11,829.24
Change % -1.79%
YTD (CY11) -1.90%
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 18,358.69 -0.17
HANGSENG 22,700.88 0.54
NIKKEI 255 9,093.72 5.68
FTSE 5,598.23 -1.70
DJIA 11,613.30 -3.17
SSEC 2,930.80 1.19
NASDAQ 2,616.82 -1.89
 
Close
%age
TASI 6,069.94 0.97
KSE(Kuwait) 6,250.90 -1.16
BSE 1,413.09 1.29
MSM 6,247.33 -0.73
ADX 2,600.32 -0.55
DFM 1,454.77 0.53
QSE 8,122.54 -0.76
Capital Market Overview

New taxes weigh on KSE

Shares continued to slide at the Karachi Stock Exchange on Wednesday which closed below 11,800 levels. Strangely despite slackening political tension and regional markets recovery investors preferred to sell after the government imposed new taxes. more... (TFD)

NAVs and Returns
as of Mar 16, 2011
Funds Offer Redemption
POAIIF
53.1044/-
52.5734/-
YTD Return
8.64%
POIAAF
63.43/-
61.84/-
YTD Return
27.82%
POAAAF
58.72/-
57.25/-
YTD Return
19.63%
POAF
10.57/-
YTD Return
-6.89%
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
33.71
2,898
76.09
4.72
-1.90%
KSE30
6.67
574
58.95
4.67
-1.25%
KMI30
5.00
430
31.24
2.65
4.69%
KSE All
36.75
3,160
107.94
5.24
-1.95%
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
216.48
110.87
-4.21%
OGDC
13.00
148.73
110.87
-11.74%
UBL
2.00
57.30
42.64
-16.02%
LUCK
2.32
66.88
39.78
-11.76%
F.I.P.I.
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
12.61
(1,408.03)
(1,395.42)
Foreign Corporates
2,711.93
(3,699.84)
(987.90)
Overseas Paksitani
167.57
(271.73)
(104.17)
Grand Total
2,892.11
(5,379.60)
(2,487.49)
F.I.P.I.
Foregion Investment              
Foregion Investors Protfolio Investmest (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
15-Mar-11
16-Mar-11
Change
Gross Buy
214.65
106.66%
26.46
37.01%
2.69
2.91
8.18%
Gross Sell
-146.02
18.29%
-31.48
142.15%
-5.39
-5.42
-0.57%
Net Buy/(Sell)
68.63
-11.79%
-5.01
-179.39%
-2.70
-2.50
7.41%
S.C.R.A
Country
During the Year July 10 to Date
15-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
-1.47

News Clippings
Economy

No surcharge on people drawing up to Rs 25,000

Salaried persons with monthly income up to Rs 25,000 would not be liable to pay income tax surcharge of 15 percent. Through a Presidential Ordinance, 15 percent income tax surcharge has been imposed from March 15 to June 30, 2011. more... (BR)

ECC opposes financing procedure for commodity purchases
The economic coordination committee (ECC) of the cabinet on Wednesday expressed reservations over the procedure for raising funds from a consortium of six banks by Trading Corporation of Pakistan (TCP) for procurement of sugar and other commodities and sought details of such agreements. more... (D)

Hafeez sees Rs 210 billion fiscal space after new measures

The measures of new taxes and expenditure control announced by the government would create a fiscal space of Rs 210 billion in FY11 and would help stabilise the economy, said Finance Minister Dr Abdul Hafeez Sheikh on Wednesday. more... (BR)

Economic-hit from Japan quake seen at $200bn

Japan's devastating earthquake and deepening nuclear crisis could result in losses of up to $200 billion for the world's third largest economy but the global impact remains hard to gauge five days after a massive tsunami battered the northeast coast. more... (TFD)

Automated cargo clearance: FBR may purchase PaCCS by end of March

The Federal Board of Revenue (FBR) is expected to quote a price to Kuwait-based logistics company Agility for the purchase of its software, Pakistan Automated Container Clearing System (PaCCS), before the end of the month. more... (ET)

Company & Sector Update

Engro to list subsidiaries on bourses

Engro Corporation is planning to list its subsidiaries – Engro Foods, Engro Fertiliser and Engro Powergen Qadirpur – at local stock exchanges this year, company official informed on Wednesday. more... (ET)

Standard Chartered selects new Islamic banking head
Standard Chartered Bank Pakistan has announced the appointment of Azhar Aslam as the Head of Islamic Banking. Aslam joins the bank from Dubai Islamic Bank where he was country head corporate and investment banking. more... (ET)

EPZA registers 69pc growth in exports
The exports from Export Processing Zones showed a record grown of 69% during the current period July 2010-February 2011 as compared to the period July 2008 -February 09. The exports were 41% higher when compared with the corresponding period of 2009-10. more... (TFD)

 

Political

Davis released in accordance with Shariah Law
Federal Minister for Information Dr Firdous Ashiq Awan said on Wednesday that Raymond Davis was released after the payment of blood money (Diyat) in accordance with Shariah Law. more... (ET)

Peace committee offices closed

The Chairman of Lyari Amn Committee, Ozair Baloch Wednesday announced to close down all the offices of the Committee in Lyari Town and other parts of Karachi. more... (TFD)

Japan says Obama offers to give any support needed.

US President Barack Obama has offered to give Japan any support that it needs as it grapples with a nuclear crisis following a quake and tsunami, Japanese government spokesman Yukio Edano said Thursday. more... (ET)

 

GCC

Gulf markets, others dive as crisis deepens.
Gulf stock markets slumped Tuesday, dragged down by unrest in Bahrain and Libya as well as concerns about Japan's post-earthquake nuclear crisis. more... (Zawya)

Dubai Financial Market Posts Net Profit of AED 78.9 Million In 2010.
Dubai Financial Market (PJSC) today announced its results for the financial year ending 31st December 2010. The Company recorded a net profit of AED 78.9 million for the year 2010, compared to AED 346.6 million in 2009. more... (Zawya)

Topaz poised for $1.78 bn IPO..
Topaz Energy and Marine, the Dubai-based oil services company, will attempt to raise $500 million from a London flotation next month to fund expansion into deepwater services. more... (Zawya)


Quote of the Day:

"When defeat comes, accept it as a signal that your plans are not sound, rebuild those plans, and set sail once more toward your coveted goal." – Napoleon Hill.


 

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
15-MAR-11
16-MAR-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
85.7758
0.07%
10.88%
10.87%
-1.10
     
15-MAR-11
16-MAR-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,142.80
1,142.80
0.00

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.88
13.28
13.49
13.76
Offer
13.38
13.53
13.74
14.26

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
85.51
119.01
1.0541
136.82
23.20
1.48
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
1.20
3.09
3.19
3.48
5.33
7.96
12.70
13.85
Change bps
-5.00
-21.00
-11.00
-5.00
-7.00
0.20
6.00
0.00

Commodities

     
15-MAR-11
16-MAR-11
change
WTI (USD/bbl)    
96.80
97.80
1.03%
     
Brent (USD/bbl)    
108.27
110.66
2.21%
     
Arab Light (USD/bbl)    
103.90
106.26
2.27%

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
38,400.00
38,700.00
-0.78%
Rice IRRI -6(Rs/100kg)
3,360.00
3,329.00
0.93%
KCA Cotton (Rs/mound)
12,500.00
12,700.00
-1.57%
International
Current
Previous
Change
Coal Spot(USD/ton)
130.85
129.70
0.89%
Gold Futures (USD/oz)
1,393.10
1,395.70
-0.19%
Sugar 11 (USD/lb)
25.85
25.65
0.78%
Steel (USD/ton)
714.43
709.16
0.74%
Wheat (CBT) (USD/bu)
673.00
676.75
-0.55%
PTA (USD/ton)
1,500.00
1,470.00
2.04%
Copper (USD/ton)
9,270.00
9,230.00
0.43%

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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.