BasedLine
Date: 05-Apr-2011
KSE-100 Index
Previous Index 11,887.13
Current Index
11,873.28
Change % -0.12%
YTD (CY11) -1.24%
YTD (FY11) 22.13%
KSE-100 Index
Previous Index 20,150.12
Current Index 20,092.91
Change % -0.28%
YTD (CY11) 6.85%
YTD (FY11) 37.43%
International Indicators
 
Close
%age
BSE-30 19,701.73 1.45
HANGSENG 24,150.60 1.50
NIKKEI 225 9,718.89 0.11
FTSE 6,016.98 0.10
DJIA 12,400.03 0.19
SSEC 2,967.41 1.34
NASDAQ 2,789.19 -0.10
 
Close
%age
TASI 6,605.92 -0.16
KSE(Kuwait) 6,301.10 0.48
BSE 1,417.77 -0.24
MSM 6,296.36 0.65
ADX 2,601.35 -0.28
DFM 1,548.67 -0.37
QSE 8,460.63 -0.04
Capital Market Overview

Stocks fall marginally in dull session

The bourse fell on the first trading session of the week as investors remained on the sidelines amid no triggers.The Karachi Stock Exchange benchmark 100-share index ended 0.12 per cent or 13.85 points lower at 11,873.28. more... (ET)

NAVs and Returns
as of Apr 04, 2011
Funds Offer Redemption
POAIIF
53.3241/-
52.7909/-
YTD Return
8.67%
POIAAF
63.84/-
62.24/-
YTD Return
17.95%
POAAAF
59.29/-
57.81/-
YTD Return
15.04%
POAF
10.64/-
YTD Return
6.71%
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
34.28
2,928
48.12
2.01
-1.24%
KSE30
6.79
580
22.68
1.75
-0.26%
KMI30
5.10
436
14.79
1.12
6.85%
KSE All
37.03
3,163
60.03
2.15
-1.09%
Apr 04, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
207.35
110.87
-8.25%
OGDC
15.99
135.91
136.37
-19.35%
UBL
2.00
63.02
42.64
-7.64%
LUCK
1.70
68.04
36.25
-10.23%
Apr 04, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
15.32
(38.85)
(23.53)
Foreign Corporates
2,809.99
(1,572.81)
1,237.18
Overseas Paksitani
134.81
(130.76)
4.05
Grand Total
2,960.12
(1,742.41)
1,217.70
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
01-Apr-11
04-Apr-11
Change
Gross Buy
271.30
87.73%
83.08
9.55%
5.57
2.98
-46.50%
Gross Sell
-204.56
26.77%
-90.03
30.30%
-3.32
-1.76
46.99%
Net Buy/(Sell)
66.74
-54.87%
-6.95
-203.20%
2.25
1.23
-45.33%
S.C.R.A
Country
During the Year July 10 to Date
01-Apr-2011
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
40.12
0.10
-
32.69
-
-
7.54
-
-
-
Luxembourg
60.59
-
-
45.45
-
-
15.14
0.50
1.23
-0.74
Switzerland
34.96
-
-
12.16
-
-
22.77
-
0.14
-0.14
UAE
4.91
-
-
6.98
-
-
-2.47
-
-
-
UK
131.82
165.15
-
115.28
202.63
2.85
-27.95
1.47
2.62
-1.14
USA
367.68
-
12.27
202.82
-
17.12
160.00
0.07
1.20
-1.13
Total
655.79
165.26
12.27
431.15
202.63
21.54
172.96
2.07
5.20
-3.13
News Clippings
Economy

Tax on middlemen opposed by growers, agents

The recently-imposed tax on commission netted by middlemen from growers is likely to put the burden on final consumers of food items. more... (ET)

Sensitive Price Indicator rises 15%

The Sensitive Price Indicator (SPI) for a combined group witnessed an increase of 15.01 per cent for the week ended on March 31, compared with the corresponding week of the preceding year. more... (ET)

Hike in fuel prices to up inflation in Pakistan

Pakistan increased fuel prices by up to 13 percent, reflecting the rise in global crude oil prices, the Oil and Gas Regulatory Authority (OGRA) said on Friday, in a move that could create fresh problems for the fragile government. more... (BR)

Iran predicts oil at $150 a barrel

Iranian President Mahmoud Ahmadinejad predicted on Monday that the price of crude oil will increase in future to $150 a barrel due to "political circumstances" and not market factors. more... (BR)

 
Company & Sector Update

Cement sales expected to hit nine-month peak

The first month of spring has brought good news for cement producers as sales for March are expected to reach a nine-month high, while prices have increased by four to six per cent. more... (ET)

Summit Bank completes acquisition of MyBank

The Summit Bank Limited has completed acquisition of MyBank Limited's 59.3 per cent shares for Rs2.5 billion on Monday. more... (ET)

'Mashal LNG' contract: SSGC to send legal notice to 4Gas group

The Sui Southern Gas Company (SSGC) has decided to send a legal notice to the consortium of Dutch firm '4Gas' and French firm 'GDF-Suez to formally scrap the multibillion dollars 'Mashal LNG' import contract . more... (BR)

 

 
Political

British PM visits Pakistan to urge 'fresh start'
British Prime Minister David Cameron flew into Pakistan for talks on Tuesday, seeking a "fresh start" in relations with Islamabad, nine months after accusing it of turning a blind eye to terrorism. more... (BR)

Shaikh pledges fuel price relief

The federal government has assured all political parties including its coalition ally MQM, for providing relief to masses in petroleum products. more... (FD)

PM tempts to win Japanese investors

Prime Minister Syed Yousuf Raza Gilani said on Monday that Pakistan offers lucrative business-friendly environment for foreign investors and urged Japanese investors to benefit from the incentives. more... (FD)

 

 
GCC

Rebels reject change under Gaddafi sons
Libyan rebels insisted Monday that the whole Gaddafi family must leave before there can be any truce with regime forces amid reports that his sons are offering to oversee a transition. more... (FD)

Qatari Diar makes first move into US property
Qatari Diar Real Estate, the sovereign real estate developer, has made its first significant investment in the US property market with a deal to build a $700m development in Washington DC's city centre. more... (Zawya)

Political turmoil to support region's economic growth - expert
Recent political turmoil in some Gulf states and the geopolitical risks emerging from other Middle East and North African (Mena) neighbours are likely to support the strong economic recovery taking shape in the region . more... (Gulf News)


 

Quote of the Day:

" The key to making money in stocks is not to get scared out of them." -Peter Lynch



 

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
4.10%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
175.63mn
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
01-APR-11
04-APR-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
88.0533
-0.22%
10.19%
10.25%
5.60
     
01-APR-11
04-APR-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
895.10
872.14
-22.96

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.13
13.28
13.49
13.74
Offer
13.63
13.53
13.74
14.24

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.75
13.35
13.35
13.30
13.45
13.45
Low  
13.25
13.25
13.10
13.05
13.15
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
85.44
120.72
1.02
136.94
23.26
1.56
0.46

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.30
13.55
13.75
Last Cut Off.
13.25
13.64
13.80
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
14.05
13.90
14.29
14.11
10 Y-PIB
13.95
13.80
14.27
14.12

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
1.18
3.34
3.29
3.63
5.50
7.98
13.01
13.80
Change bps
1.40
-0.20
-2.80
0.20
-0.10
0.00
0.00
0.00

Commodities

     
01-APR-11
04-APR-11
change
WTI (USD/bbl)    
108.30
108.10
-0.18%
     
Brent (USD/bbl)    
118.70
120.78
1.75%
     
Arab Light (USD/bbl)    
114.35
115.99
1.43%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
92.89
82.22
12.98%
Furnace Oil (Rs/ton)
68,753.88
68,027.31
1.07%
Cement (Rs. Bag Avg)
382.63
373.75
2.37%
Urea Fertilizer (Rs/bag)
1,195.00
1,195.25
-0.02%
Gold 24cr (Rs./10gm) Khi
39,257.00
39,171.00
0.22%
Rice IRRI -6(Rs/100kg)
3,339.00
3,307.00
0.97%
KCA Cotton (Rs/mound)
12,500.00
12,500.00
0.00%
International
Current
Previous
Change
Coal Spot(USD/ton)
122.00
122.90
-0.73%
Gold Futures (USD/oz)
1,433.95
1,428.80
0.36%
Sugar 11 (USD/lb)
32.51
32.51
0.00%
Steel (USD/ton)
727.88
727.58
0.04%
Wheat (CBT) (USD/bu)
700.50
700.50
0.00%
PTA (USD/ton)
1,450.00
1,525.00
-4.92%
Copper (USD/ton)
9,311.25
9,343.25
-0.34%

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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.