BasedLine
Date: 14-Apr-2011
KSE-100 Index
Previous Index 11,796.09
Current Index
11,734.72
Change % -0.52%
YTD (CY11) -2.39%
YTD (FY11) 20.70%
KSE-100 Index
Previous Index 19,987.63
Current Index 19,911.23
Change % -0.38%
YTD (CY11) 5.88%
YTD (FY11) 36.18%
International Indicators
 
Close
%age
BSE-30 19,696.86 2.30
HANGSENG 24,135.03 0.66
NIKKEI 225 9,641.18 0.90
FTSE 6,010.44 0.77
DJIA 12,270.99 -0.06
SSEC 3,053.29 1.01
NASDAQ 2,761.52 0.61
 
Close
%age
TASI 6,604.16 0.20
KSE(Kuwait) 6,369.00 0.07
BSE 1,401.95 -0.53
MSM 6,375.04 0.03
ADX 2,659.32 1.02
DFM 1,600.46 0.63
QSE 8,815.44 0.50
Capital Market Overview

Index to remain range bound

Market has been witnessing lackluster activities mainly due to lack of triggers and unfavorable political and law and order situation. more... (FD)

NAVs and Returns
as of Apr 13, 2011
Funds Offer Redemption
POAIIF
51.6786/-
51.1618/-
YTD Return
8.72%
POIAAF
63.48/-
61.89/-
YTD Return
17.28%
POAAAF
58.97/-
57.50/-
YTD Return
14.43%
POAF
10.71/-
YTD Return
7.29%
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
2,893
29.57
1.97
-2.39%
KSE30
6.80
574
22.48
1.86
-1.29%
KMI30
5.11
431
14.85
1.24
5.88%
KSE All
37.08
3,130
45.82
2.12
-2.12%
Apr 13, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
204.71
109.90
-9.42%
OGDC
14.34
130.54
121.23
-22.53%
UBL
2.00
64.04
42.27
-6.14%
LUCK
1.70
69.71
35.93
-8.02%
Apr 13, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
8.96
(106.57)
(97.62)
Foreign Corporates
569.48
(969.27)
(399.80)
Overseas Paksitani
170.28
(137.68)
32.61
Grand Total
748.72
(1,213.52)
(464.81)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
12-Apr-11
13-Apr-11
Change
Gross Buy
288.53
72.48%
25.72
-37.02%
1.63
0.76
-53.66%
Gross Sell
-222.57
5.82%
-23.05
-56.18%
-4.38
-1.23
72.04%
Net Buy/(Sell)
65.96
-64.86%
2.67
-122.65%
-2.75
-0.47
82.97%
S.C.R.A
Country
During the Year July 10 to Date
12-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
-
33.52
-
-
6.70
-
0.81
-0.81
Luxembourg
62.87
-
-
50.52
-
-
12.45
0.18
0.56
-0.38
Switzerland
35.52
-
-
12.73
-
-
22.75
-
0.27
-0.27
UAE
5.30
-
-
7.34
-
-
-1.29
0.20
-
0.20
UK
138.18
192.14
-
118.97
202.63
2.85
1.71
0.81
0.82
-0.01
USA
378.08
-
12.27
209.51
-
17.12
163.70
0.81
0.89
-0.08
Total
678.73
192.24
12.27
448.74
202.63
21.54
206.56
2.00
3.35
-1.35
News Clippings
Economy

Industry demands end to power outages

Unscheduled outages in the region have forced closure of almost all small industrial units and rendered over 100,000 workers jobless. more... (ET)

Army seeks Rs81bn hike in defence budget

Army has sought increase of Rs 81.46bn in defence budget in fiscal year 2011-12 against current year allocations in the wake of operation against terrorists in KP and tribal areas. more... (FD)

FBR finalises targets to broaden tax base

The Federal Board of Revenue's chief commissioners conference on Tuesday finalised targets for broadening the tax base for Large Taxpayers Units and Regional Taxpayers Unit. more... (N)

 

 
Company & Sector Update

Car sales speed up 17 per cent

Car sales sped up 17 per cent in March against the preceding month, led by Pak Suzuki Motor Company, the largest automobile manufacturer in the country, data shows. more... (ET)

Telecom conference: Executives urge government to play its role

The government should take steps to bolster the telecommunication industry and in particular deploy 3G (third generation) technology. more... (ET)

Rs1bn received PSO restarts supply to KESC

Pakistan State Oil (PSO) received Rs1 billion from Federal Government in order to provide furnace oil to Karachi Electric Supply Company (KESC) whereas SSGC despite court orders cut short gas supply to KESC hereon Tuesday. more... (FD)

 

 
Political

ZA Bhutto's case: Law minister resigns to appear as counsel
A coveted cabinet position was sacrificed by Babar Awan, who resigned as federal law minister on Wednesday before a bench hearing the presidential reference on the 1979 ‘judicial murder' of former prime minister Zulfikar Ali Bhutto. more... (ET)

Japan a big market for Pakistani exports: Zardari

President Asif Ali Zardari on Tuesday told the Japanese Minister for Economy, Trade and Industries Banri Kaieda that Pakistan considers Japan a big market for its exports. more... (ET)

Millers blame Sindh govt for wheat price hike

Pakistan Flour Mills Association (PFMA), Sindh Circle, Chairman Mian Mehmoodul Hasan has blamed the Sindh government for the increase in flour and wheat prices in Karachi, after the imposition of a ban on inter-district movement of the commodities. more... (ET)

 

 
GCC

Saudi inflation drops on food
Saudi Arabia's annual inflation eased to 4.7 percent in March thanks to a monthly dip in food prices, data showed Wednesday.Inflation in the Kingdom has been falling since it touched 18-month highs of 6.1 percent in August, and slowed to a 10-month low of 4.9 percent in February. more... (Zawya)

Middle East urged to build self-sustainable industries

Building self-sustainable industries throughout the Middle East countries will help make sectors such as construction more robust and resilient, industry experts who will be participating in the upcoming CityBuild Construction Summit 2011 in Abu Dhabi said. more... (Zawya)

GCC discusses restructuring of financial regulatory systems

The third meeting of the heads of securities regulators in member states of the Gulf Cooperation Council (GCC) was held here yesterday. more... (Zawya)


 

Quote of the Day:

" I feel sorry for the person who can't get genuinely excited about his investment. Not only will he never be satisfied, but he will never achieve anything worthwhile." -Walter Chrysler


 

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
4.10%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
175.72mn
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
12-APR-11
13-APR-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
90.6713
0.73%
9.71%
9.53%
-17.70
     
12-APR-11
13-APR-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
868.49
875.00
6.51

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.00
13.24
13.50
13.71
Offer
13.50
13.49
13.75
14.21

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
12.25
13.00
13.35
13.30
13.45
13.45
Low  
11.00
12.80
13.10
13.05
13.15
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
84.42
122.14
1.0017
137.26
22.96
1.63
0.44

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.24
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
3.41
3.34
3.62
5.59
8.02
12.86
13.80
Change bps
-1.50
-0.80
-3.80
0.90
0.70
0.10
-30.70
0.00

Commodities

     
12-APR-11
13-APR-11
change
WTI (USD/bbl)    
106.20
107.29
1.02%
     
Brent (USD/bbl)    
125.67
120.97
-3.74%
     
Arab Light (USD/bbl)    
115.42
117.60
1.89%

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
39,600.00
39,685.00
-0.21%
Rice IRRI -6(Rs/100kg)
3,312.00
3,314.00
-0.06%
KCA Cotton (Rs/mound)
12,000.00
12,500.00
-4.00%
International
Current
Previous
Change
Coal Spot(USD/ton)
123.20
122.00
0.98%
Gold Futures (USD/oz)
1,457.30
1,453.10
0.29%
Sugar 11 (USD/lb)
32.51
32.51
0.00%
Steel (USD/ton)
747.85
749.78
-0.26%
Wheat (CBT) (USD/bu)
700.50
700.50
0.00%
PTA (USD/ton)
1,430.00
1,450.00
-1.38%
Copper (USD/ton)
9,488.25
9,603.75
-1.20%

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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.