BasedLine
Date: 01-Apr-2011
KSE-100 Index
Previous Index 11,808.61
Current Index
11,809.54
Change % 0.01%
YTD (CY11) -1.77%
YTD (FY11) 21.47%
KSE-100 Index
Previous Index 20,072.10
Current Index 20,063.68
Change % -0.04%
YTD (CY11) 6.70%
YTD (FY11) 37.23%
International Indicators
 
Close
%age
BSE-30 19,445.22 0.80
HANGSENG 23,527.50 0.30
NIKKEI 225 9,755.10 0.50
FTSE 5,908.76 -0.70
DJIA 12,319.73 -0.25
SSEC 2,928.11 0.03
NASDAQ 2,781.07 0.15
 
Close
%age
TASI 6,562.85 0.67
KSE(Kuwait) 6,295.60 0.02
BSE 1,424.64 -0.58
MSM 6,167.36 -0.93
ADX 2,607.12 -0.98
DFM 1,556.04 0.85
QSE 8,456.17 0.83
Capital Market Overview

Low activity continues as bourse edges up 0.93 point

Investor mood remained sombre on the final trading day of the quarter at the stock market, but a positive close was witnessed on the back of institutional and foreign interest in blue chips. more... (ET)

NAVs and Returns
as of Mar 31, 2011
Funds Offer Redemption
POAIIF
53.2983/-
52.7653/-
YTD Return
8.67%
POIAAF
63.90/-
62.30/-
YTD Return
18.17%
POAAAF
59.32/-
57.84/-
YTD Return
15.10%
POAF
10.82/-
YTD Return
-3.56%
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
33.72
2,878
55.38
3.59
-1.77%
KSE30
6.79
580
43.95
3.40
-0.23%
KMI30
5.10
435
32.44
2.41
6.70%
KSE All
36.87
3,148
68.53
3.72
-1.60%
Mar 31, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
207.54
110.87
-8.17%
OGDC
14.00
135.67
119.40
-19.49%
UBL
2.00
61.50
42.64
-9.86%
LUCK
1.70
67.48
36.25
-10.96%
Mar 31, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
51.71
(98.00)
(46.29)
Foreign Corporates
4,713.08
(2,677.31)
2,035.77
Overseas Paksitani
290.96
(421.53)
(130.57)
Grand Total
5,055.75
(3,196.84)
1,858.91
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
30-Mar-11
31-Mar-11
Change
Gross Buy
262.74
86.62%
74.53
11.43%
2.47
5.10
106.48%
Gross Sell
-199.49
26.66%
-84.96
29.63%
-2.23
-3.22
-44.39%
Net Buy/(Sell)
63.26
-56.62%
-10.43
-879.41%
0.24
1.87
679.16%
S.C.R.A
Country
During the Year July 10 to Date
30-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
39.98
0.10
-
32.34
-
-
7.75
-
-
-
Luxembourg
59.85
-
-
42.08
-
-
17.77
0.08
0.25
-0.16
Switzerland
34.96
-
-
12.01
-
-
22.91
-
-
-
UAE
4.66
-
-
6.98
-
-
-2.73
0.21
0.04
0.17
UK
129.87
165.15
-
112.58
202.63
2.85
-27.19
0.71
-
0.71
USA
366.18
-
12.27
201.23
-
17.12
160.10
1.73
0.03
1.71
Total
651.17
165.26
12.27
422.80
202.63
21.54
176.69
2.74
0.32
2.41
News Clippings
Economy

Oil prices raised up to 13 percent

The government on Thursday increased oil prices up to 13 percent in line with global oil prices effective today (Friday). The price of High Speed Diesel (HSD) has been increased by Rs 10.67 per litre, petrol Rs 6.98 per litre, HOBC Rs 7.16 per litre kerosene oil Rs 9.65 per litre and Light Diesel Oil (LDO) by Rs 9.07 per litre. more... (BR)

FBR quarterly review: tax target scaled down

The Federal Board of Revenue has revised revenue collection target downward from Rs 1,667 billion for 2010-11 to Rs 1,604 billion, as macroeconomic indicators that were assumed to perform better in the beginning of the year turned negative. more... (BR)

Government intends to borrow Rs 1.255 trillion in fourth quarter

The federal government intends to borrow Rs 1.255 trillion from banking sector during the fourth quarter (April-June) of FY11 to meet its rising financial needs. more... (BR)

 
Company & Sector Update

State Bank raises T-bill, PIB auction targets to cover budget deficit

The State Bank of Pakistan (SBP) has planned to increase financing through domestic secondary debt markets during the last quarter of the current fiscal year. more... (ET)

HBL to increase stake in Nigerian bank

: Habib Bank Limited (HBL) has announced an intention to up its stake in Bank PHB, Nigeria and New Jubilee Insurance Company in its annual general meeting held this week. more... (ET)

MoP asks OGDCL to scrap KPD project

Ministry of Petroleum (MoP) is pressurising Oil and Gas Development Company Limited (OGDCL) to scrap a multimillion dollar Kunnar Pasakhi Deep Project (KPD). more... (BR)

 

 
Political

Engagement between Gilani, Manmohan: Mohali a 'win-win' for India, Pakistan
Pakistan on Thursday termed the engagement between Prime Minister Yousuf Raza Gilani and his Indian counterpart Dr Manmohan Singh on the Indian soil after the 2008 Mumbai attacks a 'win-win' situation for resumption of a meaningful dialogue on all contentious issues including Kashmir. more... (BR)

Out of the box solutions needed: Zardari's plea to economists President Asif Ali Zardari on Thursday called upon the economists of the country to come up with out of the box solutions to the economic problems of the country more... (BR)

Court doesn't care Generals, says CJP

The SC ordered to give the name of that general who made a fun of the court. During the hearing of review petitions filed by convicts of former president Pervez Musharraf's attack case, Chief Justice of Pakistan (CJP) Iftikhar Muhammad Chaudhry remarked that public representatives had made fun of courts on roads. more... (FD)

 

 
GCC

Al Assad takes a gamble with address to nation
Bashar Al Assad doesn't really look like an Arab president. Or a dictator, come to that. He doesn't have the arrogant grandeur of a Bin Ali or the self-centred pomposity of a Mubarak. more... (Gulf News)

UAE to study Japan nuclear crisis
The Federal Authority for Nuclear Regulation (FANR) has asked the Emirates Nuclear Energy Corporation (ENEC) to explain how it would apply lessons learned from Japan's Fukushima disaster to its proposed new nuclear reactors at Braka. more... (Gulf News)

Qatar forecasts budget surplus of $6.1 billion
Gas-rich Qatar on Thursday unveiled a budget for the 2011-2012 fiscal year that forecasts 22.5 billion riyals ($6.1 billion) in surplus revenues. more... (Zawya)


 

Quote of the Day:

" The future you see is the future you get." -Robert G Allen



 

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
4.10%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
175.61mn
US$ Reserves (Mar 26, 2011)
$17.95 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- Feb 11)
$1.23bn
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
30-MAR-11
31-MAR-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
88.125
2.15%
10.75%
10.22%
-52.90
     
30-MAR-11
31-MAR-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
930.23
925.00
-5.23

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.09
13.27
13.48
13.75
Offer
13.59
13.52
13.73
14.25

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
85.38
120.05
1.03
136.77
23.24
1.55
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
3.32
3.34
3.60
5.45
7.98
12.97
13.80
Change bps
0.40
1.60
2.50
2.10
-4.10
-3.30
-2.50
0.00

Commodities

     
30-MAR-11
31-MAR-11
change
WTI (USD/bbl)    
104.70
107.03
2.22%
     
Brent (USD/bbl)    
115.27
117.18
1.66%
     
Arab Light (USD/bbl)    
110.14
111.89
1.59%

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
39,171.00
38,871.00
0.77%
Rice IRRI -6(Rs/100kg)
3,319.00
3,310.00
0.27%
KCA Cotton (Rs/mound)
12,500.00
12,500.00
0.00%
International
Current
Previous
Change
Coal Spot(USD/ton)
122.90
124.75
-1.48%
Gold Futures (USD/oz)
1,423.30
1,423.02
0.65%
Sugar 11 (USD/lb)
32.51
32.51
0.00%
Steel (USD/ton)
728.89
724.97
0.54%
Wheat (CBT) (USD/bu)
700.50
700.50
0.00%
PTA (USD/ton)
1,525.00
1,530.00
-0.33%
Copper (USD/ton)
9,413.25
9,363.50
0.53%

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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.