BasedLine
Date: 06-Apr-2011
KSE-100 Index
Previous Index 11,873.28
Current Index
11,901.37
Change % 0.24%
YTD (CY11) -1.01%
YTD (FY11) 22.42%
KSE-100 Index
Previous Index 20,092.91
Current Index 20,126.55
Change % 0.17%
YTD (CY11) 7.03%
YTD (FY11) 37.66%
International Indicators
 
Close
%age
BSE-30 19,686.82 -0.08
HANGSENG 24,150.60 1.50
NIKKEI 225 9,615.55 -1.10
FTSE 6,007.06 -0.20
DJIA 12,393.90 -0.05
SSEC 2,967.41 1.34
NASDAQ 2,791.19 0.07
 
Close
%age
TASI 6,548.42 -0.87
KSE(Kuwait) 6,303.60 0.04
BSE 1,418.26 0.25
MSM 6,290.36 0.33
ADX 2,590.14 -0.43
DFM 1,537.68 -0.71
QSE 8,496.25 0.42
Capital Market Overview

100-Index moves in narrow band

Range bound activities continued at the Karachi Stock Exchange on Tuesday also with the index ended upwards as investors took positions in fertiliser stocks on hopes of better than expected corporate results. more... (FD)

NAVs and Returns
as of Apr 05, 2011
Funds Offer Redemption
POAIIF
B.C/-
B.C/-
YTD Return
n/a
POIAAF
63.85/-
62.25/-
YTD Return
17.96%
POAAAF
59.30/-
57.82/-
YTD Return
15.06%
POAF
10.64/-
YTD Return
6.73%
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
34.43
2,935
60.45
2.91
-1.01%
KSE30
6.80
580
32.65
2.54
-0.18%
KMI30
5.12
436
17.55
1.52
7.03%
KSE All
37.20
3,171
74.13
3.07
-0.84%
Apr 05, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
207.80
110.87
-8.05%
OGDC
14.74
135.22
125.71
-19.76%
UBL
2.00
64.02
42.64
-6.17%
LUCK
1.70
67.55
36.25
-10.87%
Apr 05, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
22.58
(1,017.12)
(994.54)
Foreign Corporates
4,654.32
(1,162.58)
3,491.74
Overseas Paksitani
141.91
(128.10)
13.81
Grand Total
4,818.81
(2,307.79)
2,511.02
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
04-Apr-11
05-Apr-11
Change
Gross Buy
276.16
82.42%
13.41
-45.39%
2.98
4.85
53.69%
Gross Sell
-206.89
21.24%
-7.40
-66.86%
-1.76
-2.32
-31.82%
Net Buy/(Sell)
69.26
-57.87%
6.01
169.02%
1.23
2.53
105.69%
S.C.R.A
Country
During the Year July 10 to Date
04-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
61.02
-
-
46.12
-
-
14.89
0.43
0.67
-0.24
Switzerland
34.96
-
-
12.16
-
-
22.77
-
-
-
UAE
5.03
-
-
6.98
-
-
-2.35
0.12
-
0.12
UK
133.74
165.15
-
115.48
202.63
2.85
-26.22
1.92
0.19
1.73
USA
368.57
-
12.27
203.85
-
17.12
159.86
0.89
1.03
-0.14
Total
660.45
165.26
12.27
431.15
202.63
21.54
175.72
4.66
1.89
2.77
News Clippings
Economy

Govt not implementing NEPRA decisions

The federal government has stopped implementation of decisions made by the National Power Regulatory Authority (Nepra) regarding change in electricity tariffs during the last four months (November 2010 to February 2011) due to the fuel price variation adjustment formula. more... (ET)

Australia providing solar energy equipment to Pakistan

Australian High Commissioner, Tim George Tuesday said Australia was providing solar energy equipment to Pakistan to overcome power crisis. more... (BR)

EU gives $21mn for UN Pak plan

European Union (EU) has contributed 15 million euros ($21.2 million approx) to support the United Nations Development Program's (UNDP) early recovery work in Pakistan following the floods that devastated large parts of the country. more... (FD)

 
Company & Sector Update

China to invest in hydel, renewable energy power projects

China will invest in hydel and renewable energy power projects in the country as well as join hands with WAPDA for development of various large-scaled hydropower power projects. more... (BR)

SCB launches new priority banking offering

The Standard Chartered Bank (SCB) has launched a new enhanced `Priority Banking offering' for Pakistan's increasingly sophisticated and discerning banking customers. more... (BR)

Bestway injects Rs1.25b into Mustehkam Cement

T Bestway Cement has invested Rs1.25 billion into the company's subsidiary, Mustehkam Cement Limited, through purchase of right shares, according to a release published by the Karachi Stock Exchange on Tuesday. more... (ET)

 

 
Political

Business activity thin as shutter down observed
Business activity in the country's financial capital came to a standstill on Tuesday, after traders and shopkeepers called a strike over the deteriorating security situation in the city. more... (ET)

43% of legislators' time spent non-productively

The National Assembly spent 43 per cent of its third parliamentary year on non-productive activities, according to the Free and Fair Election Network (Fafen). more... (ET)

Transporters threaten strike

Karachi transporters on Monday gave the government a one-week ultimatum to increase fares. They threatened that if the increase does not take place, they will go on strike on April 11. more... (FD)

 

 
GCC

Gold prices rise to an all-time high, fuelled by inflation fears
Gold prices rose to an all-time high above $1,450 (Dh5,336) an ounce on Tuesday, as new peaks in crude oil and grains fuelled inflation fears and a downgrade of Portugal's credit rating fed safe-haven demand. more... (Gulf News)

Turkey steps in to calm region
Ahmet Davutoglu, Turkey's foreign minister, is expected in Bahrain on Tuesday on a brief visit amidst growing tensions and aggressive rhetoric between the two shores of the Gulf. . more... (Gulf News)

Saudi Arabia may open its skies to foreign airlines
Assistant Minister of Defense and Aviation Prince Fahd bin Abdullah has suggested that foreign airlines may be allowed to operate domestic flights in the Kingdom. more... (Zawya)


 

Quote of the Day:

" People are definitely a company's greatest asset. It doesn't make any difference whether the product is cars or cosmetics. A company is only as good as the people it keeps." -Mary Kay Ash



 

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
4.10%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
175.66mn
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
04-APR-11
05-APR-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
88.515
0.52%
10.25%
10.12%
-12.80
     
04-APR-11
05-APR-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
872.14
876.31
4.17

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.13
13.29
13.50
13.73
Offer
13.63
13.54
13.75
14.23

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.90
13.35
13.35
13.30
13.45
13.45
Low  
13.50
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
85.30
121.43
1.0155
137.94
23.22
1.57
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
1.17
3.36
3.36
3.67
5.47
7.98
13.17
13.80
Change bps
0.04
2.40
6.30
4.70
-3.50
-0.60
16.20
0.00

Commodities

     
04-APR-11
05-APR-11
change
WTI (USD/bbl)    
108.10
108.10
0.00%
     
Brent (USD/bbl)    
120.78
122.70
1.59%
     
Arab Light (USD/bbl)    
115.99
116.45
0.40%

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
39,171.00
39,257.00
-0.22%
Rice IRRI -6(Rs/100kg)
3,325.00
3,339.00
-0.42%
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)
1,455.73
1,433.95
1.52%
Sugar 11 (USD/lb)
32.51
32.51
0.00%
Steel (USD/ton)
728.37
727.88
0.07%
Wheat (CBT) (USD/bu)
700.50
700.50
0.00%
PTA (USD/ton)
1,450.00
1,525.00
-4.92%
Copper (USD/ton)
9,369.50
9,311.25
-0.63%

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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.