BasedLine
Date: 28-Mar-2011
KSE-100 Index
Previous Index 11,564.25
Current Index
11,552.13
Change % -0.10%
YTD (CY11) -3.91%
YTD (FY11) 18.83%
KSE-100 Index
Previous Index 19,565.97
Current Index 19,543.37
Change % -0.11%
YTD (CY11) 3.93%
YTD (FY11) 33.67%
International Indicators
 
Close
%age
BSE-30 18,815.64 2.53
HANGSENG 23,158.67 1.10
NIKKEI 225 9,536.13 1.10
FTSE 5,900.76 0.30
DJIA 12,220.59 0.41
SSEC 2,977.81 1.05
NASDAQ 2,743.06 0.24
 
Close
%age
TASI 6,519.76 0.21
KSE(Kuwait) 6,285.00 0.01
BSE 1,427.21 0.33
MSM 6,390.46 -0.18
ADX 2,645.85 0.49
DFM 1,556.31 0.23
QSE 8,392.79 1.02
Capital Market Overview

Weekly review: KSE index declines 0.5% as volumes dwindle

Bearish trend continued to prevail in the Karachi stock market as the KSE 100-share index declined 0.5 per cent (54 points) during the shortened week that ended on March 25. more... (ET)

NAVs and Returns
as of Mar 25, 2011
Funds Offer Redemption
POAIIF
53.2366/-
52.7042/-
YTD Return
8.67%
POIAAF
63.54/-
61.95/-
YTD Return
27.18%
POAAAF
58.83/-
57.36/-
YTD Return
19.27%
POAF
10.80/-
YTD Return
-3.88%
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
32.74
2,815
50.63
2.78
-3.91%
KSE30
6.56
565
37.96
2.61
3.93%
KMI30
4.93
424
23.59
1.59
-2.86%
KSE All
35.83
3,081
66.39
3.03
-3.68%
Mar 25, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
195.66
110.87
-13.42%
OGDC
16.00
137.52
136.46
-18.39%
UBL
2.00
59.65
42.64
-12.58%
LUCK
1.70
64.89
36.25
-14.38%
Mar 25, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
17.48
(880.44)
(862.95)
Foreign Corporates
2,255.33
(1,679.17)
576.16
Overseas Paksitani
230.56
(181.41)
(49.14)
Grand Total
2,503.36
(2,741.02)
(237.66)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
24-Mar-11
25-Mar-11
Change
Gross Buy
249.51
91.68%
61.31
35.01%
9.00
2.52
72.00%
Gross Sell
-187.01
25.93%
-72.48
72.11%
-4.03
-2.76
31.51%
Net Buy/(Sell)
62.51
-49.45%
-11.17
-438.61%
4.97
-0.24
-95.17%
S.C.R.A
Country
During the Year July 10 to Date
25-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
39.96
0.10
-
31.80
-
-
8.26
0.34
0.58
-0.25
Luxembourg
59.61
-
-
40.34
-
-
19.27
0.24
0.58
-0.34
Switzerland
34.95
-
-
11.53
-
-
23.38
-
0.04
-0.04
UAE
4.44
-
-
6.93
-
-
-2.89
-
-
-
UK
127.09
165.15
-
111.95
202.63
2.85
-29.33
0.00
0.11
-0.09
USA
360.06
-
12.27
198.58
-
17.12
156.62
0.05
0.39
-0.34
Total
640.49
165.25
12.27
416.68
202.63
21.54
172.12
1.93
2.00
-0.08
News Clippings
Economy

Ministry directed to prepare draft law on prize bonds' business

The senate standing committee on Law, Justice Human Rights and Parliamentary Affairs has directed the ministries of Law and Finance to draft legislation on illegal sales of Prize bonds' numbers business. more... (BR)

State Bank leaves discount rate unchanged at 14%
The State Bank of Pakistan (SBP) left discount rate unchanged at 14 per cent on Saturday for the second time in a row on the back of easing inflation and disciplined government borrowing. more... (ET)

Five export sectors exempted from taxes

Federal Finance Minister Dr Abdul Hafeez Shaikh has consented to maintain tax exemption for five key export sectors on their sales abroad and for supply to registered persons, businessmen say. These export sectors included textile, leather, sports goods, surgical instruments and carpets.more... (ET)

World Bank approves $400m education package

The World Bank (WB) on Thursday approved an assistance package worth $400 million to help Pakistan improve access, quality and relevance of education at every level. more... (ET)

 
Company & Sector Update

Fertiliser offtake in Feb flourishes five per cent

Fertiliser offtake depicted a slight surge of 5 per cent MoM in February 2011 to 565k tonnes compared with 540k tonnes in January 2011 due to 45-day closure of fertiliser plant on Sui network, and expectation of higher fertiliser prices which lured dealers to pile up inventories. more... (TFD)

Two more Pakistani banks enter ADB's Trade Finance Programme
Two more Pakistani banks have signed up to the Asian Development Bank's (ADB) Trade Finance Program (TFP) which should make it easier for companies to import critical goods into the country and export other products. more... (BR)

1mn Ubzek cotton bales for Pakistan
With serious effort of Prime Minister Syed Yousuf Raza Gilani, the Uzbekistan government has agreed to provide one million cotton bales to Pakistan up to 30th June 2011. more... (TFD)

 

 
Political

Fire guts goods worth millions
Dozens of shops in Empress Market caught fire during early hours on Sunday burning goods worth millions of rupees however fire was brought under control after continuous efforts of two and a half hour. more... (TFD)

Gilani begins consultation

Prime Minister Syed Yousuf Raza Gilani has taken military leadership into confidence over agenda of talks with his Indian counterpart Manmohan Singh. According to PM House sources, Prime Minister along with a small delegation will visit Mohali for watching World Cup semifinal between Pakistan and India and small plane would be used for it. more... (ET)

NICL land deal: Properties worth Rs1 billion confiscated

A trial court has confiscated properties worth Rs1 billion in the multi-billion National Insurance Company Limited (NICL) land scandal, The Express Tribune learnt on Sunday. more... (BR)

 

 
GCC

Cairo bourse closes up 5.28%.
The Cairo stock exchange on Sunday posted its first gains on its third day of trading following a seven week closure due to political unrest. more... (Zawya)

NBF to distribute 40% of 2010 profit as cash dividend.
National Bank of Fujairah PSC (NBF) held its Annual Ordinary General Meeting today at Al Diar Siji Hotel in Fujairah, United Arab Emirates (UAE), where shareholders approved the cash dividend of 6.2% (AED 68.2 million) of paid-up capital, more... (Zawya)

Army clamps down on turmoil in Syria Port City.
Developments in Syria took a dramatic turn on Sunday with the army being deployed in the port city of Latakia to protect residents against snipers. more... (Gulf News)


 

Quote of the Day:

"An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today." – Laurence J. Peter.

 

 

 

 

 

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
4.10%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
175.54mn
US$ Reserves (Mar 19, 2011)
$17.50 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
24-MAR-11
25-MAR-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.0838
0.34%
10.88%
10.80%
-8.30
     
24-MAR-11
25-MAR-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
951.10
925.00
-26.10

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.04
13.26
13.46
13.73
Offer
13.54
13.51
13.71
14.23

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.90
13.60
13.25
13.30
13.45
13.45
Low  
13.90
13.20
12.95
13.05
13.15
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
85.19
121.61
1.053
139.59
23.14
1.51
0.46

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.18
13.55
13.70
Last Cut Off.
13.25
13.69
13.80
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
3.24
3.32
3.52
5.40
7.99
13.18
14.00
Change bps
-1.00
3.40
4.00
3.10
2.50
-2.20
31.40
0.00

Commodities

     
24-MAR-11
25-MAR-11
change
WTI (USD/bbl)    
105.50
105.10
-0.40%
     
Brent (USD/bbl)    
115.95
115.54
-0.35%
     
Arab Light (USD/bbl)    
110.99
110.96
-0.03%

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)
360.00
358.75
0.35%
Urea Fertilizer (Rs/bag)
1,096.67
1,096.25
0.04%
Gold 24cr (Rs./10gm) Khi
39,257.00
38,428.00
-0.43%
Rice IRRI -6(Rs/100kg)
3,351.00
3,352.00
-0.03%
KCA Cotton (Rs/mound)
12,200.00
12,000.00
1.67%
International
Current
Previous
Change
Coal Spot(USD/ton)
124.75
130.85
-4.66%
Gold Futures (USD/oz)
1,429.74
1,430.65
-0.06%
Sugar 11 (USD/lb)
27.86
26.58
4.82%
Steel (USD/ton)
720.57
719.41
0.16%
Wheat (CBT) (USD/bu)
733.25
743.25
-1.35%
PTA (USD/ton)
1,530.00
1,500.00
2.00%
Copper (USD/ton)
9,672.50
9,704.50
-0.33%

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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.