BasedLine
Date: 11-Apr-2011
KSE-100 Index
Previous Index 11,848.84
Current Index
11,905.86
Change % 0.48%
YTD (CY11) -0.97%
YTD (FY11) 22.46%
KSE-100 Index
Previous Index 20,045.89
Current Index 20,144.14
Change % 0.49%
YTD (CY11) 7.12%
YTD (FY11) 37.78%
International Indicators
 
Close
%age
BSE-30 19,451.45 -0.71
HANGSENG 24,396.10 0.50
NIKKEI 225 9,768.08 1.90
FTSE 6,007.37 -0.56
DJIA 12,380.05 -0.24
SSEC 3,030.02 0.94
NASDAQ 2,780.41 -0.24
 
Close
%age
TASI 6,606.69 -0.03
KSE(Kuwait) 6,339.30 -0.14
BSE 1,419.17 0.57
MSM 6,326.05 0.26
ADX 2,608.50 0.44
DFM 1,569.80 0.93
QSE 8,744.48 0.87
Capital Market Overview

KSE runs on oils

Share prices bounced back at the Karachi Stock Exchange on Friday as rising international oil prices attracted investors to take positions in oil stocks pushing the index on the last session of the week to above 11,900 levels. more... (FD)

NAVs and Returns
as of Apr 09, 2011
Funds Offer Redemption
POAIIF
51.6228/-
51.1066/-
YTD Return
8.70%
POIAAF
63.84/-
62.24/-
YTD Return
17.95%
POAAAF
59.30/-
57.82/-
YTD Return
15.06%
POAF
10.68/-
YTD Return
6.86%
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
34.62
2,937
51.60
3.85
-0.97%
KSE30
6.87
582
38.04
3.60
0.22%
KMI30
5.15
437
20.45
2.77
7.12%
KSE All
37.42
3,174
68.09
4.01
-0.77%
Apr 08, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
207.99
110.29
-7.97%
OGDC
15.99
134.50
135.65
-20.18%
UBL
2.00
64.22
42.42
-5.88%
LUCK
1.70
70.37
36.06
-7.15%
Apr 08, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
15.36
(1,220.68)
(1,205.32)
Foreign Corporates
2,867.60
(1,979.65)
887.95
Overseas Paksitani
217.57
(231.89)
(14.33)
Grand Total
3,100.52
(3,432.22)
(331.70)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
07-Apr-11
08-Apr-11
Change
Gross Buy
284.45
78.78%
21.69
-24.61%
2.53
3.14
24.11%
Gross Sell
-215.49
19.99%
-15.99
-53.16%
-1.67
-3.48
-108.38%
Net Buy/(Sell)
68.96
-62.00%
5.70
-206.52%
0.86
-0.36
-141.86%
S.C.R.A
Country
During the Year July 10 to Date
08-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
62.40
-
-
49.39
-
-
13.11
0.04
0.40
-0.25
Switzerland
35.52
-
-
12.46
-
-
23.02
0.009
0.09
-0.08
UAE
5.10
-
-
7.34
-
-
-1.49
-
0.37
-0.37
UK
136.73
192.14
-
116.53
202.63
2.85
2.70
0.36
0.23
0.13
USA
375.44
-
12.27
207.41
-
17.12
163.17
0.39
0.72
-0.33
Total
673.97
192.24
12.27
441.66
202.63
21.54
208.88
1.95
1.80
0.26
News Clippings
Economy

Pak export boom will not repair economy

One of thousands laid off by textile bosses last year, the father of four is now back at work and one of those to benefit from a surge in Pakistani exports in the current fiscal year, which ends on June 30. more... (TN)

Exports up by 41.1pc in March

"The exports in the first nine months of the current financial year have touched US $ 17.799 billion, showing an increase of 26.5 per cent which is unprecedented", said a senior official of the Ministry of Commerce. more... (TN)

Food inflation and insecurity: ‘48.6% of the population faces food insecurity'

The increasing gap between availability and affordability of food has increased the incidence of food insecurity in Pakistan – an alarming 48.6 per cent of the population now faces food insecurity. more... (ET)

 

 
Company & Sector Update

After industry, agri sector also badly affected

The deteriorating economic situation of the country can be judged from the fact that after the industrial sector the performance of the agricultural sector has now been seriously affected. more... (TN)

IFC provides $30mn to Engro Fertilizers

International Financial Corporation (IFC), a member of the World Bank Group has approved to provide US$30 million equivalent to Rs2,580 million loan to Engro Fertilizers Limited. more... (FD)

STA launched

Keeping in view the importance of technical analysis in trading of stocks, a group of technical analysts has formed Society of Technical Analysts (STA) and elected its governing body. more... (FD)

 

 
Political

ANP decides to give one-month ultimatum to Sindh Govt.
Sindh Awami National Party (ANP) has decided to serve one-month ultimatum to Sindh government, Geo News reported. more... (TN)

Gilani invites political advice on energy subsidies

The government on Sunday elicited suggestions from leading national politicians on whether to continue subsidies into the next fiscal year even as energy sector stakeholders were huddled in meetings on how to end power shortages. more... (ET)

NICL scandal: Ex-FIA head accused of obstructing investigation

The former head of the Federal Investigation Agency (FIA), Waseem Ahmed, is among those who have been asked by the organisation he led until last week to respond to allegations of obstructing the progress of the investigation of the National Insurance Company Ltd (NICL) scandal. more... (ET)

 

 
GCC

Saudi banks weigh; Dubai at 7-wk high
Saudi Arabia bank stocks fall as Riyad Bank's earnings fail to excite, weighing on the kingdom's index, but petrochemicals hit a 12-week high. Riyad Bank drops 0.8 per cent after it posted an 8.3 per cent rise in first-quarter profit. more... (FD)

Short-term funds lure investors in Mideast

Small-ticket funding opportunities strictly with a short-term investment horizon are doing the rounds in the region for investors. Such a trend is in keeping with the times with high networth investors looking for a quick entry and exit given the economic uncertainties. more... (Gulf News)

Mideast public transport investment to touch $80b

The Middle East is expected to invest about $80 billion in public transport projects over the next 10 years, it was announced yesterday. more... (Gulf News)


 

Quote of the Day:

" Wide diversification is only required when investors do not understand what they are doing. " -Warren Buffett


 

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
4.10%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
175.69mn
US$ Reserves (Apr 02, 2011)
$17.64 bn
Trade Balance (Jul 10- Mar 11)
($11.22bn)
Curr. A/C (Jul 10-Feb11)
($98mn)
Remittances (July 10- Feb 11)
$6.96bn
Foreign Investment (Jul 10- Mar 11)
$0.30bn
All Sch. Banks Deposit Base (Apr 01, 2011)
Rs700.40bn
Inflation
CPI Gen. - YoY (Mar-11) 13.16%
   
CPI Gen. - FY11 (Jul- Mar 11) 14.20%
   
NFNE Core INFL - YoY (Mar 11) 9.50%
   
NFNE Core INFL -FY11 (Jul- Mar 11) 9.80%

Money Market

 
Price
Change
07-APR-11
08-APR-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
89.618
0.26%
9.88%
9.82%
-6.40
     
07-APR-11
08-APR-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
875.00
862.15
-12.86

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.12
13.28
13.51
13.73
Offer
13.62
13.53
13.76
14.23

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
84.84
122.16
0.99
138.93
23.10
1.60
0.45

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.27
13.60
13.82
Last Cut Off.
13.30
13.69
13.87
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
1.22
3.46
3.46
3.72
5.61
7.99
12.97
13.80
Change bps
1.20
6.40
3.80
5.90
4.50
1.30
-19.20
0.00

Commodities

     
07-APR-11
08-APR-11
change
WTI (USD/bbl)    
111.01
112.70
1.52%
     
Brent (USD/bbl)    
121.84
126.65
3.95%
     
Arab Light (USD/bbl)    
117.28
121.91
3.95%

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)
385.33
382.63
0.71%
Urea Fertilizer (Rs/bag)
1,190.83
1,195.00
-0.35%
Gold 24cr (Rs./10gm) Khi
39,857.00
39,600.00
0.65%
Rice IRRI -6(Rs/100kg)
3,329.00
3,330.00
-0.03%
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)
1,474.93
1,458.07
1.16%
Sugar 11 (USD/lb)
32.51
32.51
0.00%
Steel (USD/ton)
740.25
735.36
0.67%
Wheat (CBT) (USD/bu)
700.50
700.50
0.00%
PTA (USD/ton)
1,450.00
1,525.00
-4.92%
Copper (USD/ton)
9,855.50
9,650.50
2.12%

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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.