BasedLine
Date: 12-Apr-2011
KSE-100 Index
Previous Index 11,905.86
Current Index
11,868.77
Change % -0.31%
YTD (CY11) -1.28%
YTD (FY11) 22.08%
KSE-100 Index
Previous Index 20,144.14
Current Index 20,093.89
Change % -0.25%
YTD (CY11) 6.86%
YTD (FY11) 37.43%
International Indicators
 
Close
%age
BSE-30 19,262.54 -0.97
HANGSENG 24,303.07 -0.04
NIKKEI 225 9,719.70 -0.50
FTSE 6,053.44 -0.04
DJIA 12,381.11 0.01
SSEC 3,022.75 -0.24
NASDAQ 2,771.51 -0.32
 
Close
%age
TASI 6,611.73 0.08
KSE(Kuwait) 6,365.20 0.41
BSE 1,419.15 -0.00
MSM 6,329.33 0.05
ADX 2,619.34 0.42
DFM 1,572.98 0.20
QSE 8,834.90 1.03
Capital Market Overview

Market remains triggerless

The week has started on a dullish note at the Karachi Stock Exchange (KSE) with marginal losses due to the lack of positive triggers keeping the investors away from the trading floor evident from low trading volumes. more... (FD)

NAVs and Returns
as of Apr 11, 2011
Funds Offer Redemption
POAIIF
51.6506/-
51.1341/-
YTD Return
8.71%
POIAAF
63.84/-
62.24/-
YTD Return
17.95%
POAAAF
59.27/-
57.79/-
YTD Return
14.67%
POAF
10.69/-
YTD Return
7.12%
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
34.03
2,927
35.91
1.75
-1.28%
KSE30
6.75
581
20.79
1.57
-0.07%
KMI30
5.06
435
14.04
1.32
6.86%
KSE All
36.78
3,164
60.30
1.96
-1.08%
Apr 11, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
206.54
110.27
-8.61%
OGDC
13.84
134.36
117.40
-20.27%
UBL
2.00
64.01
42.41
-6.18%
LUCK
1.70
70.20
36.05
-7.38%
Apr 11, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
7.31
(94.78)
(84.78)
Foreign Corporates
1,407.86
(1,174.93)
232.93
Overseas Paksitani
157.05
(144.63)
12.42
Grand Total
1,572.21
(1,414.34)
157.87
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
08-Apr-11
11-Apr-11
Change
Gross Buy
286.06
79.23%
23.29
-33.89%
3.14
1.59
-49.36%
Gross Sell
-216.94
20.79%
-17.43
-58.30%
-3.48
-1.43
58.91%
Net Buy/(Sell)
69.13
-61.91%
5.87
-189.43%
-0.34
0.16
147.06%
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 economy shows signs of recovery

Despite the devastation caused by floods of previous year and the constrained availability of energy, the economy has been showing distinct signs of recovery, according to Business Barometer released by the Pakistan Institute of Development Economics (PIDE) here Monday. more... (BR)

Gold slips at Rs 39,771

Gold slipped by Rs 86 to Rs 39,771 per 10 grams in local bullion market Monday, as its international price also dropped to $ 1,467 an ounce, market sources said. more... (BR)

Record high: Remittances cross $1b mark in March

Overseas Pakistani workers remitted more than $1 billion to the country in the month of March. Transfers by Pakistanis living abroad touched the historic peak of $1.05 billion in March. more... (ET)

 

 
Company & Sector Update

Power shortfall further dips to 3,002 MW

The power shortfall on Monday further dipped to 3,002 MW from 3,100 MW as the total power generation was recorded as 10,700 MW against demand of 13,702 MW during the last 24 hours. more... (BR)

SBP revises criteria for Islamic banks

State Bank of Pakistan (SBP) has revised the criteria for setting up of branches by Islamic banks. According to a circular of the Central Bank issued here on Monday, (BPRD No. 08, 2011), it said that the branch licensing policy (BLPs) has been revised with immediate effect. . more... (BR)

Oil sales dip 2pc in 9M

The consumption of petroleum products during July-March in the country declined 2.1 per cent over the same period of last year, unveiled by the OCAC numbers for 9MFY11. more... (FD)

 

 
Political

ISI, CIA begin patch up talks
The head of Pakistan's powerful Inter-Services Intelligence (ISI) is visiting his counterpart at the CIA, the agency said, in an attempt to patch up an alliance considered crucial to winning the war against al Qaeda and the Afghan Taliban. more... (FD)

AG told to elucidate devolution of HEC

Supreme Court of Pakistan Monday issued notice to the Attorney General of Pakistan to appear today (Tuesday) and assist it over the issue of devolution of Higher Education Commission (HEC). more... (FD)

Provinces oppose sales tax on services

The federal government encountered another setback in meeting its fiscal targets after provinces opposed the proposal of levying sales tax on services from July. more... (ET)

 

 
GCC

Dubai is the world's most popular retail city
Dubai now equals London as the most popular retail city in the world, attracting more than half (56 per cent) of all international retail brands, according to annual survey released by leading global real estate adviser CB Richard Ellis (CBRE) on Monday. more... (Zawya)

Oil pull back from new 2.5-year peaks

World oil prices pulled back on Monday, after striking their highest levels since 2008 in earlier Asian trade on the back of the weak dollar and continued tensions in the Middle East and North Africa. more... (Zawya)

Women candidates to test their luck in Qatar polls

Shaikha Al Jefairi, Fatima Al Kuwari, Amal Eisa Al Mohannadi and Fatima Al Ghazal will face the task of winning their constituencies in the municipal elections. more... (Gulf News)


 

Quote of the Day:

" A corporation is a living organism; it has to continue to shed its skin. Methods have to change. Focus has to change. Values have to change. The sum total of those changes is transformation." -Andrew Grove


 

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
4.10%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
175.71mn
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- Mar 11)
$8.02bn
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) 9.60%

Money Market

 
Price
Change
08-APR-11
11-APR-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
90.0267
0.46%
9.82%
9.70%
-11.20
     
08-APR-11
11-APR-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
862.15
0.00
-862.15

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.13
13.28
13.50
13.73
Offer
13.63
13.53
13.75
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
84.78
122.16
0.9448
138.93
23.07
1.61
0.45

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.27
13.65
13.83
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
3.47
3.47
3.72
5.63
8.02
12.91
13.80
Change bps
0.40
1.00
0.30
-0.20
2.40
3.10
-5.90
0.00

Commodities

     
08-APR-11
11-APR-11
change
WTI (USD/bbl)    
112.70
108.20
-3.99%
     
Brent (USD/bbl)    
126.65
125.67
-0.77%
     
Arab Light (USD/bbl)    
121.91
117.76
-3.40%

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)
385.38
382.63
0.72%
Urea Fertilizer (Rs/bag)
1,190.83
1,195.00
-0.35%
Gold 24cr (Rs./10gm) Khi
39,771.00
39,857.00
-0.22%
Rice IRRI -6(Rs/100kg)
3,320.00
3,329.00
-0.27%
KCA Cotton (Rs/mound)
12,500.00
12,500.00
0.00%
International
Current
Previous
Change
Coal Spot(USD/ton)
123.20
122.00
0.98%
Gold Futures (USD/oz)
1,463.15
1,474.93
-0.80%
Sugar 11 (USD/lb)
32.51
32.51
0.00%
Steel (USD/ton)
739.96
740.25
-0.04%
Wheat (CBT) (USD/bu)
700.50
700.50
0.00%
PTA (USD/ton)
1,430.00
1,450.00
-1.38%
Copper (USD/ton)
9,836.50
9,855.50
-0.19%

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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.