BasedLine
Date: 18-Mar-2011
KSE-100 Index
Previous Index 11,829.24
Current Index
11,858.27
Change % 0.54%
YTD (CY11) -1.37%
YTD (FY11) 21.97%
KSE-100 Index
Previous Index 19,712.53
Current Index 19,885.97
Change % 0.88%
YTD (CY11) 5.75%
YTD (FY11) 36.01%
International Indicators
 
Close
%age
BSE-30 18,149.87 -1.14
HANGSENG 22,284.43 -1.84
NIKKEI 255 8,962.67 -1.40
FTSE 5,696.11 1.80
DJIA 11,774.59 1.39
SSEC 2,930.80 1.19
NASDAQ 2,626.05 0.73
 
Close
%age
TASI 6,069.94 0.97
KSE(Kuwait) 6,263.80 0.21
BSE 1,414.44 0.10
MSM 6,270.22 0.37
ADX 2,584.89 -0.59
DFM 1,471.63 1.16
QSE 8,185.72 0.78
Capital Market Overview

Market Watch: Bullish activity at bourse, index up by 64 points.

The stock market recorded bullish activity on Thursday after the release of Raymond Davis , a US citizen accused of killing two Pakistanis on January 27, which increased expectations of improved relations between Pakistan and the US. more... (ET)

NAVs and Returns
as of Mar 17, 2011
Funds Offer Redemption
POAIIF
53.1186/-
52.5874/-
YTD Return
8.65%
POIAAF
63.81/-
62.21/-
YTD Return
28.72%
POAAAF
59.10/-
57.62/-
YTD Return
20.59%
POAF
10.57/-
YTD Return
-6.82%
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
33.84
2,910
73.51
5.70
-1.37%
KSE30
6.72
577
61.59
5.63
-0.63%
KMI30
5.02
432
35.56
3.36
5.75%
KSE All
36.93
3,176
117.02
6.26
-1.36%
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
218.16
110.87
-3.47%
OGDC
13.00
146.54
110.87
-13.04%
UBL
2.00
57.86
42.64
-15.20%
LUCK
2.32
67.49
39.78
-10.95%
F.I.P.I.
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
15.11
(18.12)
(3.00)
Foreign Corporates
304.66
(4,314.12)
(1,207.14)
Overseas Paksitani
266.54
(265.73)
0.81
Grand Total
3,388.64
(4,597.97)
(1,209.33)
F.I.P.I.
Foregion Investment              
Foregion Investors Protfolio Investmest (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
16-Mar-11
17-Mar-11
Change
Gross Buy
214.65
106.66%
26.46
37.01%
2.91
3.41
17.18%
Gross Sell
-146.02
18.29%
-31.48
142.15%
-5.42
-4.62
14.76%
Net Buy/(Sell)
68.63
-11.79%
-5.01
-179.39%
-2.50
-1.22
51.22%
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

July-February current account deficit at $98 million

The country's current account deficit has narrowed down by 97 percent during first eight month of FY11 primarily driven by massive decline in trade and services deficit and high foreign inflows. more... (BR)

Foreign exchange: Reserves rise to record $17.61 billion
Foreign exchange reserves rose to a record $17.61 billion in the week ended on March 12, from $17.37 billion the previous week , according to the State Bank of Pakistan (SBP) on Thursday. more... (ET)

EU urged to get Pak GSP status.

Minister of State for Foreign Affairs, Hina Rabbani Khar has expressed appreciation for EU Council's decision to grant enhanced market access to Pakistan, in the wake of 2010 floods in Pakistan. more... (TFD)

Businessmen oppose new taxes

Pakistan Business Council (PBC) Chief Executive Kamran Mirza has said that businessmen are not against government taxes , but have reservations about the way these are implemented. more... (ET)

Three IPPs allowed to raise tariff

National Electric Power Regulatory Authority (NEPRA) has allowed three power production companies to enhance the power tariff due to increase in the price of furnace oil. more... (TFD)

Company & Sector Update

Telecom taxes reach 36 per cent

Soon after the imposition of Presidential Ordinance regarding raising withholding tax by 1.5 per cent, cellular companies have raised the WTH on all prepaid cards and postpaid bills. According to the new enhancement, based on Ordinance, all prepaid cards and postpaid bills will now be charged 11.5 per cent as withholding tax. more... (TFD)

WorldCall gets $35 million loan
WorldCall has received a loan of $35 million from a local bank against corporate guarantee provided by the parent company – Oman Telecommunication (Omantel) – in order to meet capital expenditure and restructure debt. more... (ET)

Car makers pass on duty increase to consumers
All leading car makers increased their prices within two days of the government increasing a duty applicable on the automobile sector. Two car makers – Pak Suzuki and Honda Atlas – officially announced increase in different variants of their cars on Thursday. more... (ET)

 

Political

Gilani, Kayani condemn attack
Prime Minister Yousuf Raza Gilani on Thursday strongly condemned as "irrational behaviour" a US drone strike in a tribal region. Civilians and police were among those killed when missiles fired by a drone hit a militant training compound in Datta Khel town, 40 kilometres (25 miles) west of Miranshah. more... (BR)

Punjab only complied with court orders: Sanaullah

Punjab Law Minister Rana Sanaullah informed the Punjab Assembly here on Thursday that Raymond Davis was released on the orders of a court and his government had only complied with these orders. more... (BR)

Drone attacks: Altaf demands blood money for victims

The Muttahida Qaumi Movement (MQM) chief Altaf Hussain on Thursday condemned in strongest terms the drone attack in Data Khel area of North Waziristan and asked the US to also pay blood money for those who lost their lives in the assault. more... (ET)

 

GCC

Gulf bourses extend losses, TASI up.
Most Middle East markets extended losses on Wednesday as unrest intensified in Bahrain. more... (Zawya)

Regional markets shrug off political unrest.
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)

Sharjah looks to build on prosperous 2010.
Defying all global economic projections and predictions, the emirate of Sharjah has been hogging the limelight for quite some time. At a time when the rest of the world had been struggling with the continuing effects of the recession, it continues to attract thousands of foreign tourists. more... (Gulf News)


 

Quote of the Day:

"There is a certain degree of satisfaction in having the courage to admit one's errors. It not only clears up the air of guilt and defensiveness, but often helps solve the problem created by the error. " – Dale Carnegie.


 

 

 

 

Economic Highlights
Economic Indicators
GDP Growth FY11E
4.10%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
175.44mn
US$ Reserves (Mar 18, 2011)
$17.61 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
16-MAR-11
17-MAR-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
85.8173
0.05%
10.87%
10.86%
-1.00
     
16-MAR-11
17-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
12.87
13.28
13.49
13.75
Offer
13.37
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  
13.75
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
118.72
1.0796
136.54
23.22
1.48
0.46

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.23
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
14.11
10 Y-PIB
14.00
13.85
14.36
14.12

10 Yr Govt bond (%)
Japan
Germony
US
UK
Australia
India
Brazil
Pakistan
Yield
1.23
3.17
3.28
3.55
5.39
7.99
12.76
13.85
Change bps
3.00
8.00
9.00
7.00
6.00
2.30
6.00
0.00

Commodities

     
16-MAR-11
17-MAR-11
change
WTI (USD/bbl)    
97.80
103.25
5.57%
     
Brent (USD/bbl)    
110.66
116.48
5.26%
     
Arab Light (USD/bbl)    
106.26
110.36
3.86%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
82.22
86.09
-4.49%
Furnace Oil (Rs/ton)
68,783.13
62,405.46
10.22%
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
38,528.00
38,400.00
0.33%
Rice IRRI -6(Rs/100kg)
3,323.00
3,360.00
-1.10%
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)
1,411.00
1,393.10
1.28%
Sugar 11 (USD/lb)
26.74
25.85
3.44%
Steel (USD/ton)
714.32
714.43
-0.02%
Wheat (CBT) (USD/bu)
732.00
673.00
8.77%
PTA (USD/ton)
1,500.00
1,470.00
2.04%
Copper (USD/ton)
9,540.00
9,270.00
2.91%

Kindly Click here for PDF Version

(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.