BasedLine
Date: 29-Mar-2011
KSE-100 Index
Previous Index 11,552.13
Current Index
11,583.03
Change % 0.27%
YTD (CY11) -3.66%
YTD (FY11) 19.44%
KSE-100 Index
Previous Index 19,543.37
Current Index 19,645.62
Change % 0.52%
YTD (CY11) 4.47%
YTD (FY11) 34.37%
International Indicators
 
Close
%age
BSE-30 18,943.14 0.68
HANGSENG 23,068.19 -0.39
NIKKEI 225 9,478.53 -0.60
FTSE 5,904.49 0.06
DJIA 12,197.88 -0.19
SSEC 2,977.81 -1.05
NASDAQ 2,730.68 -0.45
 
Close
%age
TASI 6,508.28 -0.18
KSE(Kuwait) 6,305.80 0.32
BSE 1,427.89 0.05
MSM 6,370.65 -0.31
ADX 2,633.57 -0.46
DFM 1,557.55 0.08
QSE 8,372.99 -0.24
Capital Market Overview

Market watch : Bourse crawls up in dull trade

The stock market closed marginally higher in a dull trading session at the start of the week on Monday. The Karachi Stock Exchange (KSE) 100-share index ended 0.26 per cent or 30.11 points higher at 11,583.03 points. more... (ET)

NAVs and Returns
as of Mar 28, 2011
Funds Offer Redemption
POAIIF
53.2642/-
52.7316/-
YTD Return
8.68%
POIAAF
63.58/-
61.99/-
YTD Return
26.98%
POAAAF
58.87/-
57.40/-
YTD Return
19.16%
POAF
10.81/-
YTD Return
-3.72%
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
32.83
2,823
52.00
2.69
-3.66%
KSE30
6.59
567
39.26
2.57
-2.46%
KMI30
4.95
426
23.24
1.72
4.47%
KSE All
35.93
3,090
78.87
3.09
-3.39%
Mar 28, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
197.03
110.87
-12.82%
OGDC
14.00
136.02
119.40
-19.28%
UBL
2.00
59.63
42.64
-12.60%
LUCK
2.30
64.86
49.04
-14.42%
Mar 28, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
25.96
(79.73)
(53.77)
Foreign Corporates
2,843.96
(566.31)
2,268.64
Overseas Paksitani
165.03
(225.97)
(60.93)
Grand Total
3,025.95
(872.01)
(2,153.94)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
25-Mar-11
28-Mar-11
Change
Gross Buy
252.57
92.80%
64.35
22.34%
2.52
3.05
21.03%
Gross Sell
-187.89
26.52%
-73.35
55.85%
-2.76
-0.88
68.12%
Net Buy/(Sell)
64.68
-47.70%
-9.00
-262.59%
-0.24
2.17
804.17%
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
-0.78
News Clippings
Economy

FBR notifies establishment of Directorate General I&I IR

The Federal Board of Revenue (FBR) on Monday notified establishment of the Directorate General, Directorate of Intelligence and Investigation, Inland Revenue (I&I, IR) having powers of income tax assessment and audit of new taxpayers for detecting cases of fiscal frauds, non-reporting, under-reporting and concealment of income by persons evading direct taxes. more... (BR)

Weekly inflation decreases 0.18pc
The Sensitive Price Indicator (SPI), for the week ended on 24 March, for the lowest income group up to Rs.3,000, has registered decrease of 0.18 percent over the previous week. more... (BR)

Widening gap : Government faces Rs65b shortfall in tax collection

The gulf between tax collection and target has kept widening despite imposition of new levies, as authorities are facing a Rs65 billion shortfall in the first nine months of the current fiscal year. more... (ET)

Wheat procurement: SBP to provide funding to provinces and Passco

The State Bank of Pakistan (SBP) has, reportedly, agreed to extend conditional funding to provinces and Pakistan Agricultural Storage and Services Corporation (Passco) for wheat procurement, well-informed sources in the Finance Ministry told Business Recorder . more... (BR)

 
Company & Sector Update

SBP conducts OMO

The SBP offered treasury bills and Pakistan Investment Bonds (PIBs) worth Rs 53.750 billion and accepted bids worth Rs 35 billion at the rate of return of 13.09 percent, the SBP announced. more... (BR)

Bank Alfalah to invest Rs750m in securities firm
Bank Alfalah is planning to invest Rs750 million in Alfalah Securities by issuing right shares, said Bank Director Abdullah Khalil Al Mutawa at the annual general meeting on Monday. more... (ET)

PIA reports record earning in 2010
Pakistan International Airlines (PIA) has claimed to post revenue of Rs107.53 billion, the highest in its history despite unfavourable economic and security situation during the financial year 2010. more... (BR)

 

 
Political

Mohali visit is in nat'l interest: PM
Prime Minister Syed Yousuf Raza Gilani has condemned the desecration of Holy Quran by Terry Johns and observed that this heinous act is reflective of the presence of extremism in various societies, adding he is going to Mohali in the best of national interest. more... (TFD)

Government does not want clash among institutions: Zardari

President Asif Ali Zardari on Monday said that the government did not want clash of the institutions and deemed that "democracy is the best revenge". more... (BR)

Raymond Davis pardon: Shahbaz says he will resign if his govt's involvement proven

Provin­cial govt tells LHC it is unawar­e of the wherea­bouts of the missin­g famili­es of the Qurtab­a Chowk victims. more... (ET)

 

 
GCC

Region to spend $25 bn on energy.
Gulf states are going to spend $252 billion (Dh925.6 billion) in energy and power projects in the next few years with Qatar leading the pack with $125 billion while Saudi Arabia plans to pump in $100 billion. more... (Gulf News)

Emaar holds dividend at 10% despite protests.
Emaar Properties, developer of the world's tallest tower Burj Khalifa, proposed a 10 per cent cash dividend, worth Dh600 million, to shareholders during a chaotic annual general meeting (AGM) in Dubai on Monday. more... (Gulf News)

Damas signs debt restructuring agreement with bank creditors..
Damas International Limited said it has received all the banks' backing to the debt restructuring deal. In total, all 25 banks, representing 100 per cent of the company's bank debts, have signed the facility agreement. more... (Gulf News)


 

Quote of the Day:

"Before you can really start setting financial goals, you need to determine where you stand financially." - David Bach.

 

 

 

 

 

 
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
25-MAR-11
28-MAR-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.3489
0.31%
10.80%
10.72%
-7.70
     
25-MAR-11
28-MAR-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
925.00
926.27
1.27

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.04
13.27
13.48
13.74
Offer
13.54
13.52
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
13.60
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
85.38
120.59
1.0483
136.97
23.25
1.52
0.46

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.18
13.55
13.70
Last Cut Off.
13.25
13.64
13.80
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
14.05
13.90
14.30
14.11
10 Y-PIB
13.95
13.80
14.36
14.12

10 Yr Govt bond (%)
Japan
Germony
US
UK
Australia
India
Brazil
Pakistan
Yield
1.14
3.25
3.32
3.51
5.46
7.98
12.89
13.80
Change bps
2.00
1.40
-0.50
-1.40
5.70
-1.10
-29.40
-20.00

Commodities

     
25-MAR-11
28-MAR-11
change
WTI (USD/bbl)    
105.10
103.40
-1.62%
     
Brent (USD/bbl)    
115.54
114.71
-0.72%
     
Arab Light (USD/bbl)    
110.96
109.61
-1.22%

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)
373.75
360.00
3.82%
Urea Fertilizer (Rs/bag)
1,195.25
1,096.67
8.99%
Gold 24cr (Rs./10gm) Khi
39,257.00
38,428.00
-0.43%
Rice IRRI -6(Rs/100kg)
3,304.00
3,351.00
-1.40%
KCA Cotton (Rs/mound)
12,200.00
12,000.00
1.67%
International
Current
Previous
Change
Coal Spot(USD/ton)
122.90
124.75
-1.48%
Gold Futures (USD/oz)
1,420.40
1,429.74
-0.65%
Sugar 11 (USD/lb)
27.05
27.86
-2.91%
Steel (USD/ton)
721.40
720.57
0.12%
Wheat (CBT) (USD/bu)
853.75
733.25
16.43%
PTA (USD/ton)
1,525.00
1,530.00
-0.33%
Copper (USD/ton)
9,520.50
9,672.50
-1.57%

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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.