BasedLine
Date: 30-Mar-2011
KSE-100 Index
Previous Index 11,583.03
Current Index
11,711.40
Change % 1.11%
YTD (CY11) -2.59%
YTD (FY11) 20.46%
KSE-100 Index
Previous Index 19,543.37
Current Index 19,645.62
Change % 0.99%
YTD (CY11) 5.51%
YTD (FY11) 35.70%
International Indicators
 
Close
%age
BSE-30 19,120.80 0.94
HANGSENG 23,060.36 -0.03
NIKKEI 225 9,459.08 -0.21
FTSE 5,932.17 0.47
DJIA 12,279.01 0.67
SSEC 2,958.08 -0.66
NASDAQ 2,756.89 0.96
 
Close
%age
TASI 6,519.13 0.17
KSE(Kuwait) 6,323.00 0.27
BSE 1,426.57 -0.09
MSM 6,338.76 -0.50
ADX 2,634.69 0.04
DFM 1,555.49 -0.13
QSE 8,398.64 0.31
Capital Market Overview

Market watch : Renewed buying lifts stock market

Bulls took over the stock market on Tuesday as local and foreign investors resumed buying of stocks. The Karachi Stock Exchange 100-share index ended 1.11 per cent or 128.37 points higher at 11,711.40. more... (ET)

NAVs and Returns
as of Mar 29, 2011
Funds Offer Redemption
POAIIF
53.2779/-
52.7451/-
YTD Return
8.68%
POIAAF
63.75/-
62.16/-
YTD Return
27.33%
POAAAF
59.16/-
57.68/-
YTD Return
19.84%
POAF
10.81/-
YTD Return
-3.67%
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
33.46
2,855
89.10
5.13
-2.59%
KSE30
6.72
573
69.40
4.84
-1.37%
KMI30
5.04
430
53.31
3.56
5.51%
KSE All
36.59
3,122
110.39
5.40
-2.40%
Mar 29, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
201.38
110.87
-10.89%
OGDC
13.94
136.93
118.89
-18.74%
UBL
2.00
60.82
42.64
-10.86%
LUCK
2.30
65.89
49.04
-13.06%
Mar 29, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
46.64
(30.42)
16.21
Foreign Corporates
2,310.41
(5,804.19)
(3,493.78)
Overseas Paksitani
237.24
(273.99)
(36.75)
Grand Total
2,954.28
(6108.60)
(3,514.31)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
28-Mar-11
29-Mar-11
Change
Gross Buy
255.18
90.71%
66.97
9.28%
3.05
2.61
-14.43%
Gross Sell
-194.04
26.06%
-79.51
33.38%
-0.88
-6.15
598.86%
Net Buy/(Sell)
61.15
-52.01%
-12.54
-848.73%
2.17
-3.54
-263.13%
S.C.R.A
Country
During the Year July 10 to Date
28-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

'Investment Opportunities in Pakistan' conference on Thursday

A delegation of thirty representatives of Pakistan's top ranking companies would be participating in International Seminar on `Investment Opportunities in Pakistan" scheduled on Thursday, March 31 in Kuala Lumpur, Malaysia. more... (BR)

Services' exports surge 55.69 percent in 7 months
ISLAMABAD: Exports of services from Pakistan surged by 55.69 percent during the first seven months of current fiscal year as against the same period of last year. The overall export of services was recorded at US$3.424 billion during July-January (2010-11) as against the exports of US$2.199 billion during the corresponding period of last year. more... (BR)

Tax withdrawal : Machinery sales may be next in line

After surrendering to the textile lobby, the government is considering withdrawing 17 per cent tax imposed on sale of plant and machinery recently, validating concerns raised by the International Monetary Fund (IMF) about Pakistan's ability to stand by its unpopular economic decisions. more... (ET)

 
Company & Sector Update

HBFCL announces profit

The House Building Finance Corporation Limited (HBFCL) has achieved an operating profit for the first time in four years. An announcement to this effect was made at its Annual General Meeting (AGM) held on Tuesday. more... (BR)

Government relaxes car import duty rate by 2%

:The federal government has reduced import duties on cars up to five-year old by two per cent, citing wear and tear of vehicles as the reason. The move comes as part of a bid to crack down on rising prices of locally assembled cars , and follows the increase in the imported car age limit from three years to five years. more... (ET)

Gas outages cripple textile industry
Textile and other industrial sectors have been facing unprecedented gas outages for the last six months which have crippled industries, said Pakistan Yarn Merchants Association Chairman Salamat Ali on Tuesday. more... (ET)

 

 
Political

PM visit result of successful foreign policy
Pakistan People's Party Punjab Finance Secretary Aurang Zeb Barki has said that Indian Prime Minister Manmohan Singh's invitation to Prime Minister Syed Yusuf Raza Gilani was result of successful foreign policy of the government. more... (BR)

We're concerned about our people's safety, Prime Minister tells Bahrain FM

Prime Minister Syed Yousuf Raza Gilani on Tuesday expressed concerns over the security of Pakistani community in Bahrain and urged the government of Bahrain to pay special attention to them in crisis. more... (BR)

World powers raise pressure on Qadhafi to go

Britain and the United States stepped up pressure on Libyan leader Muammar Qadhafi to quit on Tuesday, and rebels fighting him promised to build a free, democratic state. more... (BR)

 

 
GCC

Nakheel creditors have received Dh4.6b.
Gunmen wearing military uniforms over explosives belts charged into a government building in Saddam Hussein's hometown Tuesday in an attack that left 56 people dead, including 15 hostages who were shot execution-style. more... (Gulf News)

Japan quake a wake-up call for region
The nuclear accident in Japan that followed an earthquake and tsunami earlier this month is a wake-up call for Gulf states that are in close proximity to Iranian nuclear facilities, experts have said. more... (Gulf News)

Gunmen kill 56 in grisly Iraq hostage siege.
Gunmen wearing military uniforms over explosives belts charged into a government building in Saddam Hussein's hometown Tuesday in an attack that left 56 people dead, including 15 hostages who were shot execution-style. more... (Gulf News)


 

Quote of the Day:

"Without the strength to endure the crisis, one will not see the opportunity within. It is within the process of endurance that opportunity reveals itself ". - Ching Ning Chu.

 

 

 

 

 

 

 
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)
($10.27bn)
Curr. A/C (Jul 10-Feb11)
($98mn)
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
28-MAR-11
29-MAR-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.4275
0.09%
10.72%
10.70%
-2.10
     
28-MAR-11
29-MAR-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
926.27
936.06
9.78

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.08
13.27
13.48
13.74
Offer
13.58
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
13.35
13.30
13.45
13.45
Low  
13.90
13.30
13.10
13.05
13.15
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
85.33
120.14
1.044
136.30
23.24
1.53
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
1.13
3.30
3.37
3.54
5.43
8.00
12.87
13.80
Change bps
-1.40
4.30
5.10
3.10
-2.50
2.20
-2.00
0.00

Commodities

     
28-MAR-11
29-MAR-11
change
WTI (USD/bbl)    
103.40
104.30
0.87%
     
Brent (USD/bbl)    
114.71
114.99
0.24%
     
Arab Light (USD/bbl)    
109.61
110.19
0.53%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
82.22
86.09
-4.50%
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
38,871.00
39,257.00
-0.98%
Rice IRRI -6(Rs/100kg)
3,311.00
3,304.00
0.21%
KCA Cotton (Rs/mound)
12,500.00
12,200.00
2.46%
International
Current
Previous
Change
Coal Spot(USD/ton)
122.90
124.75
-1.48%
Gold Futures (USD/oz)
1,418.50
1,420.40
-0.13%
Sugar 11 (USD/lb)
32.51
32.51
0.00%
Steel (USD/ton)
721.40
721.40
0.42%
Wheat (CBT) (USD/bu)
700.50
700.50
0.00%
PTA (USD/ton)
1,525.00
1,530.00
-0.33%
Copper (USD/ton)
9,569.00
9,520.50
0.51%

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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.