BasedLine
Date: 21-Mar-2011
KSE-100 Index
Previous Index 11,858.27
Current Index
11,606.61
Change % -2.12%
YTD (CY11) -3.46%
YTD (FY11) 19.39%
KSE-100 Index
Previous Index 19,885.97
Current Index 19,521.43
Change % -1.83%
YTD (CY11) 3.81%
YTD (FY11) 33.52%
International Indicators
 
Close
%age
BSE-30 17,878.81 -1.49
HANGSENG 22,300.23 0.07
NIKKEI 255 9,206.75 2.72
FTSE 5,718.13 0.40
DJIA 11,858.50 0.71
SSEC 2,906.89 0.09
NASDAQ 2,643.67 0.29
 
Close
%age
TASI 6,343.79 4.51
KSE(Kuwait) 6,251.60 -0.19
BSE 1,391.81 -1.60
MSM 6,353.64 1.33
ADX 2,602.26 0.67
DFM 1,509.82 2.60
QSE 8,395.02 2.56
Capital Market Overview

Weekly review: KSE sheds 3.6% amid foreign selling.

Foreign selling was witnessed in the Karachi bourse which resulted in a setback for the market, as the KSE 100-share index shed 3.6 per cent, or 439 points, during the week ended March 18. more... (ET)

NAVs and Returns
as of Mar 18, 2011
Funds Offer Redemption
POAIIF
53.1473/-
52.6158/-
YTD Return
8.66%
POIAAF
63.35/-
61.77/-
YTD Return
27.42%
POAAAF
58.61/-
57.14/-
YTD Return
19.18%
POAF
10.58/-
YTD Return
-6.75%
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
33.11
2,848
102.00
5.44
-3.46%
KSE30
6.60
567
97.53
5.50
-2.46%
KMI30
4.93
424
71.52
3.51
3.81%
KSE All
36.18
3,111
125.13
5.82
-3.32%
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
193.85
110.87
-14.23%
OGDC
17.00
141.06
144.99
-16.29%
UBL
2.00
57.92
42.64
-15.11%
LUCK
1.70
64.13
36.25
-15.38%
F.I.P.I.
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
51.72
(39.09)
12.62
Foreign Corporates
1,319.11
(10,298.13)
(8,979.02)
Overseas Paksitani
301.23
(165.77)
135.46
Grand Total
1,672.06
(10,503.00)
(1,209.33)
F.I.P.I.
Foregion Investment              
Foregion Investors Protfolio Investmest (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
17-Mar-11
18-Mar-11
Change
Gross Buy
214.65
106.66%
26.46
37.01%
3.41
1.68
-50.73%
Gross Sell
-146.02
18.29%
-31.48
142.15%
-4.62
-10.57
-128.78%
Net Buy/(Sell)
68.63
-11.79%
-5.01
-179.39%
-1.22
-8.89
-628.69%
S.C.R.A
Country
During the Year July 10 to Date
18-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
39.39
0.104
-
30.98
-
-
8.52
0.061
-
0.061
Luxembourg
59.32
-
-
35.94
-
-
23.38
-
0.088
-0.088
Switzerland
34.95
-
-
11.07
-
-
23.84
-
0.056
-0.056
UAE
4.11
-
-
6.93
-
-
-3.23
-
-
-
UK
125.80
165.15
-
110.73
202.63
2.85
-29.41
1.04
0.57
0.47
USA
353.38
-
12.27
187.65
-
17.12
165.87
0.37
2.77
-2.41
Total
633.89
165.25
12.27
398.39
202.63
21.54
183.82
1.47
3.72
-2.25

News Clippings
Economy

Govt fears cut in US Aid this year

Pakistan fears a reduction in US assistance this year because the US Congress is in the process of slashing the national budget and is looking at foreign assistance in this regard. more... (BR)

Sales tax on plant, machinery and equipment: KCCI objects to withdrawal of zero-rating
Finance Minister, Dr Adbul Hafeez Shaikh, has sought co-operation of the business community to broaden the tax net and enhance revenue generation equally from all sectors of economy. more... (BR)

Import bill rises across-the-board

Pakistan imports of mostly all the sectors surged during the first eight-month of fiscal year 2010-11, as import bill increased 17.3 per cent to $25.59 billion during the July-February, 2011 compared to $21.82 billion in the same period of last year. more... (TFD)

Country's first Halal industrial park planned

The Sindh Board of Investment (SBI) has planned to construct Pakistan's first Halal industrial park near Karachi, with technical assistance from the Halal Industry Development Corporation, Malaysia. more... (ET)

Company & Sector Update

Sugar mills: ECC declines to raise credit line limit

Economic Co-ordination Committee (ECC) of the cabinet has reportedly declined to increase the credit line limit of sugar mills meant for expeditious payment to growers, sources close to Secretary Ministry of Industries and Production (MoI&P) told Business Recorder. more... (BR)

Ogra accused of violating Ordinance 2002.
Explosives Department, Ministry of Industries and Production has accused Oil and Gas Regulatory Authority (Ogra) of violating Ogra Ordinance 2002 by encroaching on its powers, Business Recorder has learnt. more... (BR)

SLB to be implemented from today
Securities Lending and Borrowing (SLB), a new leveraged product would be implemented at all three stock exchanges from Monday (today). more... (BR)

MCB to open four new branches in Sri Lanka
Muslim Commercial Bank (MCB) has announced that it will open four new branches in Sri Lanka by next year where six branches are already operational. more... (BR)

WB offers $200m loan to SSGC
The World Bank (WB) has offered a loan of $ 200 million to the Sui Southern Gas Pipelines Company (SSGC) for improving its efficiency. more... (BR)

SBP conducts Open Market Operation
State Bank of Pakistan (SBP) conducted Open Market Operation (OMO) and injected Rs 46.5 billion under its 7-day reverse repo operation on Friday. more... (BR)

Political

Gaddafi vows to strike back
At-least hundred people have reportedly been killed and 200 others wounded in the air raids carried out by western forces since Saturday, Libya's health officials said on Sunday. more... (TFD)

If killings don't stop, the president has failed: MQM

After three more Muttahida Qaumi Movement (MQM) workers were killed on Sunday, the party held a stinging press conference to declare that the violence challenged the writ of the president who had promised to tackle lawlessness in Pakistan's largest city. more... (ET)

Joint session of parliament: PML-Q to boycott presidential address

The Pakistan Muslim League-Quaid-e-Azam (PML-Q) has decided to boycott the upcoming joint session of parliament in protest against the release of CIA contractor Raymond Davis and increasing frequency of US drone attacks in tribal regions. more... (ET)

 

GCC

Saudi Stocks Soar on King's spending spree.
Saudi stocks rose sharply at the start of trading on Sunday, in the stock market's first session since King Abdullah ordered unprecedented economic benefits worth around $100 billion. more... (Zawya)

Selling pressure likely to increase on regional stocks.
The region stock markets are likely to come under increased selling pressure in the week ahead due to mounting unrest in Libya and Bahrain, but markets in the UAE and Qatar offer some attractive buying opportunities which, potentially, can limit the slide if investors take longer-term bets, market analysts say. more... (Zawya)

GCC railways projects touch $ 106.2bn.
The GCC countries are forging ahead with railway projects worth $106.2 billion (Dh390 billion), new research has revealed in the build-up to next month's CityBuild Construction Summit in Abu Dhabi. more... (Gulf News)


 

Quote of the Day:

"I took advice from none but the best. I listened, how I listened! That's how I finally became my own expert." – Peggy Guggenheim.


 

 

 

 

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
17-MAR-11
18-MAR-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
85.7759
-0.05%
10.86%
10.88%
-1.00
     
17-MAR-11
18-MAR-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,065.83
1,037.64
-28.19

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.92
13.27
13.48
13.75
Offer
13.42
13.52
13.73
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
13.15
13.30
13.45
13.45
Low  
13.75
12.90
12.90
13.05
13.15
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
85.38
120.07
1.0423
137.94
23.22
1.48
0.46

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.23
13.55
13.70
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
1.22
3.19
3.27
3.51
5.43
8.00
12.86
13.85
Change bps
-1.00
2.00
-1.00
-4.00
4.00
1.60
10.00
0.00

Commodities

     
17-MAR-11
18-MAR-11
change
WTI (USD/bbl)    
103.25
102.90
-0.34%
     
Brent (USD/bbl)    
116.48
115.69
-0.68%
     
Arab Light (USD/bbl)    
110.36
110.82
0.42%

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
38,828.00
38,528.00
0.78%
Rice IRRI -6(Rs/100kg)
3,357.00
3,323.00
1.02%
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)
1,429.30
1,411.00
1.29%
Sugar 11 (USD/lb)
27.71
26.74
3.63%
Steel (USD/ton)
721.30
714.32
0.98%
Wheat (CBT) (USD/bu)
728.75
732.00
-0.44%
PTA (USD/ton)
1,500.00
1,470.00
2.04%
Copper (USD/ton)
9,512.50
9,564.00
-0.54%

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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.