BasedLine
Date: 24-Mar-2011
KSE-100 Index
Previous Index 11,375.14
Current Index
11,488.06
Change % 0.99%
YTD (CY11) -4.45%
YTD (FY11) 18.17%
KSE-100 Index
Previous Index 19,191.76
Current Index 19,376.97
Change % 0.97%
YTD (CY11) 3.04%
YTD (FY11) 32.53%
International Indicators
 
Close
%age
BSE-30 18,206.16 1.20
HANGSENG 22,825.40 -0.14
NIKKEI 225 9,449.47 -1.70
FTSE 5,795.88 0.60
DJIA 12,086.02 0.56
SSEC 2,948.48 1.35
NASDAQ 2,668.30 -0.54
 
Close
%age
TASI 6,362.42 0.28
KSE(Kuwait) 6,294.80 -0.56
BSE 1,418.59 0.55
MSM 6,401.54 0.12
ADX 2,628.98 -0.04
DFM 1,529.40 0.55
QSE 8,295.26 -0.47
Capital Market Overview

Market watch: Selective buying helps KSE gain 113 points

The outflow of foreign investments stemmed and local participants were seen taking fresh positions at Karachi Stock Exchange (KSE), helping the KSE 100-index post gains of 113 points to close at 11,488 points on Tuesday. more... (ET)

NAVs and Returns
as of Mar 22, 2011
Funds Offer Redemption
POAIIF
53.1895/-
52.6576/-
YTD Return
8.68%
POIAAF
63.15/-
61.57/-
YTD Return
26.47%
POAAAF
58.54/-
57.08/-
YTD Return
18.72%
POAF
10.79/-
YTD Return
-4.05%
Funds Rating
AMC
AM3
POAIIF
A+ (f)
POAF
AA-
  Feb-11 Jan-11 MoM(%)
AUM's (PKR bn) 203.77 203.27 0.24%
No of AMCs 28 28  
No of Funds 112 112  
KSE Market Data
KSE Market Data
Capitalization
Volume
Traded Val.
KSE Return
 
(USD bn)
(Rs. bn)
(Sh. mn)
(Rs.bn)
(YTD)
KSE100
32.56
2,800
52.28
3.08
-4.45%
KSE30
6.52
560
37.50
2.80
-3.54%
KMI30
4.89
420
22.98
1.87
3.04%
KSE All
35.63
3,064
62.67
3.23
-4.22%
Mar 22, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
194.34
110.87
-14.01%
OGDC
14.13
137.86
120.51
-18.19%
UBL
2.00
59.08
42.64
-13.41%
LUCK
2.38
63.99
50.75
-15.57%
Mar 22, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
42.11
(119.56)
(77.44)
Foreign Corporates
2,978.39
(2,636.25)
342.15
Overseas Paksitani
231.56
(172.50)
59.06
Grand Total
3,252.07
(2,951.56)
323.77
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
21-Mar-11
22-Mar-11
Change
Gross Buy
237.98
91.95%
49.77
38.94%
0.57
3.27
473.68%
Gross Sell
-180.20
29.42%
-65.67
128.05%
-0.81
2.94
262.96%
Net Buy/(Sell)
57.78
-51.68%
-15.89
-326.21%
-0.24
6.21
2,487.5%
S.C.R.A
Country
During the Year July 10 to Date
21-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
39.56
0.104
-
31.06
-
-
8.60
0.16
0.07
0.08
Luxembourg
59.37
-
-
38.20
-
-
21.17
0.045
2.26
-2.21
Switzerland
34.95
-
-
11.14
-
-
23.77
-
0.07
-0.07
UAE
4.11
-
-
6.93
-
-
-3.23
-
-
-
UK
127.09
165.15
-
111.54
202.63
2.85
-28.93
1.29
0.81
0.48
USA
358.80
-
12.27
188.72
-
17.12
165.21
0.42
1.07
-0.66
Total
635.81
165.25
12.27
402.83
202.63
21.54
181.30
1.92
4.44
-2.52

News Clippings
Economy

15 percent surcharge on payable income tax: procedure issued by FBR

The major amount of surcharge will be collected by the Federal Board of Revenue (FBR) at the import stage also encompasses advance tax payable by banks and other companies on quarterly basis and leading withholding agents seeking services and purchasing/procuring goods from the suppliers. more... (BR)

Pak food prices ring UN alarm
Pakistan government has pushed food prices too high for its impoverished population and malnutrition is rising despite crop recovery after dire floods, a UN relief official said on Wednesday. more... (BR)

Government releases Rs 96.8 billion for PSDP projects

Government has released money amounting to Rs 96.8 billion to different ministries and divisions for development projects under Public Sector Development Programme (PSDP) during July to March 1 of the on-going financial year 2010-11. more... (BR)

Islamic Development Bank pledges $3 billion loan

Muslim states on Tuesday pledged to give $3 billion to cash-starved Pakistan, as a virtual halt of concessional foreign assistance by Western lenders has pushed Islamabad to obtain expensive short-term loans. more... (ET)

 
Company & Sector Update

Higher tax regime: Cement and fertiliser prices rise

Fertiliser and cement prices have been raised by manufacturers following the imposition of increased sales tax, industry officials revealed on Tuesday. more... (ET)

Taxes unlikely to affect farmers: Analyst
The recently passed tax ordinances, coupled with the continuous rise in fertiliser prices, are unlikely to cause a significant effect on farmers, according to analysts. more... (ET)

Issuance of OGDCL exchangeable bonds: PPRA rules violated for appointment of FAC
The Privatisation Commission (PC) has violated Public Procurement Regulatory Authority (PPRA) Rules - 2004 in inviting Expression of Interest for appointment of Financial Advisory Consortium (FAC) for issuance of Oil & Gas Development Company Ltd (OGDCL) exchangeable bonds by monetizing up to 10 percent of Government of Pakistan's shareholding (up to 430,000,000 shares) in OGDCL. more... (BR)

 

 
Political

Obama under heavy fire at home
President Barack Obama faced fierce criticism and even long-shot calls for his impeachment Wednesday over a US role in Libya that had no formal price tag and only a murky "exit strategy." more... (BR)

MQM urged to change meeting venue

Law Minister Rana Sanaullah has said that MQM would be held responsible for any untoward incident if it persisted with holding of public meeting at Minar-e-Pakistan. more... (TFD)

NAB chairman: Swiss cases may have led to Deedar's removal

A failure to satisfy the opposition's wish of the immediate reopening of Swiss cases against President Asif Ali Zardari played a key role in the removal of Syed Deedar Hussain Shah from the position of chairman National Accountability Bureau (NAB), political observers told The Express Tribune. more... (ET)

 

 
GCC

Cairo bourse falls nearly 10% after reopening
The Cairo stock exchange plummetted nearly 10 percent Wednesday after opening for the first time since Egypt's revolution began in late January, laying bare economic jitters as the country moves towards elections. more... (Zawya)

Gulf Stock markets steady
Gulf Arab markets were steady on Tuesday, consolidating recent gains, with investor risk appetite rising as concerns over unrest in Bahrain eased, while traders seemed unfazed by political turmoil in Yemen. more... (Zawya)

Dubai World signs final debt restructuring deal.
Dubai World has signed the final agreement on its debt restructuring plans with all 80 creditors, signifying an end to approximately 12 months of negotiations. more... (Gulf News)


 

Quote of the Day:

"There can be little doubt that a certain amount of corporate philanthropy is simply good business and works for the long-term benefit of the investors. " – John Mackey.

 

 

 

 

 
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
21-MAR-11
22-MAR-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
85.7912
0.00%
10.88%
10.88%
0.00
     
21-MAR-11
22-MAR-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,029.28
969.91
-59.38

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.96
13.28
13.48
13.74
Offer
13.46
13.53
13.73
14.24

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  
13.70
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
85.44
121.07
1.0535
138.87
23.22
1.50
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
14.12
14.09
14.30
14.11
10 Y-PIB
14.08
14.00
14.36
14.12

10 Yr Govt bond (%)
Japan
Germony
US
UK
Australia
India
Brazil
Pakistan
Yield
1.12
3.20
3.23
3.46
5.39
8.01
12.90
14.00
Change bps
-10.00
0.90
2.50
2.90
-0.60
-0.60
3.50
0.00

Commodities

     
21-MAR-11
22-MAR-11
change
WTI (USD/bbl)    
102.50
105.40
2.80%
     
Brent (USD/bbl)    
114.99
115.29
0.26%
     
Arab Light (USD/bbl)    
109.72
110.44
0.66%

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)
3,380.00
3,381.00
-0.03%
KCA Cotton (Rs/mound)
12,000.00
12,500.00
-4.00%
International
Current
Previous
Change
Coal Spot(USD/ton)
124.75
130.85
-4.66%
Gold Futures (USD/oz)
1,438.00
1,427.68
0.60%
Sugar 11 (USD/lb)
26.58
27.48
-3.27%
Steel (USD/ton)
714..08
720.27
-0.86%
Wheat (CBT) (USD/bu)
710.25
715.00
-0.66%
PTA (USD/ton)
1,530.00
1,500.00
2.00%
Copper (USD/ton)
9,718.50
9,390.50
3.49%

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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.