BasedLine
Date: 22-Mar-2011
KSE-100 Index
Previous Index 11,606.61
Current Index
11,375.14
Change % -1.99%
YTD (CY11) -5.38%
YTD (FY11) 17.01%
KSE-100 Index
Previous Index 19,521.43
Current Index 19,191.76
Change % -1.69%
YTD (CY11) 2.06%
YTD (FY11) 31.26%
International Indicators
 
Close
%age
BSE-30 17,918.59 0.22
HANGSENG 22,685.22 1.73
NIKKEI 225 9,206.75 2.72
FTSE 5,786.09 1.20
DJIA 12,036.50 1.50
SSEC 2,909.14 0.08
NASDAQ 2,692.09 1.83
 
Close
%age
TASI 6,357.37 0.21
KSE(Kuwait) 6,313.40 0.99
BSE 1,401.00 0.66
MSM 6,365.52 0.19
ADX 2,614.01 0.45
DFM 1,506.37 -0.23
QSE 8,340.97 -0.64
Capital Market Overview

Stocks tumble as investor confidence stays low.

The stock market tumbled on Monday, as investor confidence remained low following continued foreign outflows and deteriorating law and order situation in the city. more... (ET)

NAVs and Returns
as of Mar 21, 2011
Funds Offer Redemption
POAIIF
53.1753/-
52.6435/-
YTD Return
8.67%
POIAAF
62.78/-
61.21/-
YTD Return
25.61%
POAAAF
58.17/-
56.72/-
YTD Return
17.80%
POAF
10.78/-
YTD Return
-4.11%
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
32.39
2,785
47.64
2.87
-5.38%
KSE30
6.46
555
33.79
2.73
-4.34%
KMI30
4.84
416
18.19
1.46
2.06%
KSE All
35.44
3,047
58.54
2.97
-5.13%
Mar 22, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
192.72
110.87
-14.73%
OGDC
14.02
135.63
119.57
-19.51%
UBL
2.00
58.10
42.64
-14.85%
LUCK
2.30
63.07
49.04
-16.78%
Mar 22, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
35.64
(3.16)
32.49
Foreign Corporates
264.54
(595.68)
(333.14)
Overseas Paksitani
265.79
(205.12)
60.66
Grand Total
565.97
(792.33)
(237.99)
F.I.P.I.
Foregion Investment              
Foregion Investors Protfolio Investmest (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
18-Mar-11
21-Mar-11
Change
Gross Buy
234.71
116.63%
46.50
40.61%
1.68
0.57
-66.07%
Gross Sell
-183.14
48.36%
-68.61
200.16%
-10.57
-0.81
92.34%
Net Buy/(Sell)
51.57
-33.72%
-22.11
-316.60%
-8.89
-0.24
97.30%
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

POL prices seen up in April by Rs. 7-12/ltr

The prices of petroleum products are likely to go up again from April by Rs7-12 per liter after monthly review of POL prices by OGRA. Due to earthquake in Japan and turmoil in many oil producing Gulf States, prices of oil in world markets are uncertain and vulnerable to go up further. more... (TFD)

Violence, killings reduce trading activities by 80 percent
Fresh wave of violence and targeted killings forced market to closures on Monday in main parts of the city, scaling down trade and business activities by 80 percent, traders said. more... (BR)

Russia to establish mining companies

Russia will soon establish a coal mining company in Balochistan to take advantage of rich metal and mineral resources present in the country, according to Russia's Ambassador to Pakistan Andrey Demidov. more... (ET)

Tea imports touch Rs17b

Pakistan has imported more than 90 million kilogrammes (kg) of tea worth Rs17.2 billion in the first eight months (July to February) of fiscal 2010-11. more... (ET)

Company & Sector Update

Sugar mills' outstanding loans surge to Rs 73 billion

Sugar mills' outstanding bank loans, obtained mainly for procurement of sugarcane, have reached Rs 73 billion. Sources in banking sector told Business Recorder on Monday that for the current crushing season sugar mills got more financing from banks as compared to last season because of better crop and higher price of sugarcane. more... (BR)

PSMA wants Prime Minister to help raise credit limit of mills.
Pakistan Sugar Mills Association (PSMA) has approached the Prime Minister, Syed Yousuf Raza Gilani, to immediately raise credit limit of mills to enable them to clear growers' outstanding amounts, subsequent to the rejection of this request by the Economic Co-ordination Committee (ECC) of the cabinet. more... (BR)

Mercantile exchange increases trading hours
The Pakistan Mercantile Exchange Limited (PMEX) has announced an increase in trading hours and will now open at 5 am instead of 10 am. more... (ET)

KESC told to explain fibbing in bills
National Electric Power Regulatory Authority (NEPRA) on Monday demanded an explanation from Karachi Electric Supply Company (KESC) over the round-figure-billings regarding bank and fuel-adjustment charges. more... (TFD)

 
Political

Bids fall flat to woo opposition
President Asif Ali Zardari will address the joint sitting of the parliament today (Tuesday) at 4 pm in the Parliament House amidst the protest of Opposition parties against government's policies and its failure to maintain good governance. more... (TFD)

World divided days after Libya action: Putin, Beijing, renew criticism

The international community was deeply divided over Libya on Monday, just days after the United Nations passed a no-fly resolution that allowed Western air strikes to protect civilians from Muammar Gaddafi's forces. more... (BR)

'NAB chief must be bipartisan'

Opposition Leader in the National Assembly Chaudhry Nisar Ali Khan has apparently rejected a government proposal that Justice (retd) Deedar Hussain Shah be reappointed as head of the National Accountability Bureau (NAB). more... (ET)

 

GCC

No Emaar Dividend for the Third Year Running..
Emaar Properties - for the third consecutive year -- is not likely to pay dividend for 2010, the proposal for which will be discussed at the annual general meeting (AGM). more... (Zawya)

Saudi Kingdom Holding: Intention To Invest In Zain KSA Hasn't Changed.
Saudi's Kingdom Holding said that it still intends to acquire, along with Bahrain's Batelco, the Saudi operations of Kuwait-based Zain Group. more... (Zawya)

Arab stock turnover sinks $ 247bn.
Share dealing in the Arab equity markets plummeted by nearly $247 billion through 2010 and the bulk of the decline was in Saudi Arabia and other Gulf markets. more... (Zawya)


 

Quote of the Day:

"People who ask confidently get more than those who are hesitant and uncertain. When you've figured out what you want to ask for, do it with certainty, boldness and confidence." – Jack Canfield.

 

 

 

 

 
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-Feb11)
$(98)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
18-MAR-11
21-MAR-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
85.787
0.01%
10.88%
10.88%
-0.10
     
18-MAR-11
21-MAR-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,037.64
1,029.28
-8.36

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.93
13.29
13.49
13.76
Offer
13.43
13.54
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
13.15
13.15
13.30
13.45
13.45
Low  
13.50
13.05
12.90
13.05
13.15
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
85.56
120.03
1.05
137.28
23.28
1.49
0.46

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.24
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
3.20
3.43
5.40
8.02
12.86
13.85
Change bps
0.00
0.10
-7.00
-7.80
-3.30
1.40
0.00
0.00

Commodities

     
18-MAR-11
21-MAR-11
change
WTI (USD/bbl)    
102.90
102.50
-0.39%
     
Brent (USD/bbl)    
115.69
114.99
-0.61%
     
Arab Light (USD/bbl)    
110.82
109.72
-0.99%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
82.22
86.09
-4.49%
Furnace Oil (Rs/ton)
68,027.31
66,210.30
2.74%
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
39,128.00
38,828.00
0.77%
Rice IRRI -6(Rs/100kg)
3,381.00
3,357.00
0.71%
KCA Cotton (Rs/mound)
12,500.00
12,700.00
-1.57%
International
Current
Previous
Change
Coal Spot(USD/ton)
124.75
130.85
-4.66%
Gold Futures (USD/oz)
1,430.00
1,418.90
0.78%
Sugar 11 (USD/lb)
27.48
27.71
-0.83%
Steel (USD/ton)
720.27
721.30
-0.14%
Wheat (CBT) (USD/bu)
715.00
728.75
-1.89%
PTA (USD/ton)
1,530.00
1,500.00
2.00%
Copper (USD/ton)
9,390.50
9,512.50
-1.28%

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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.