BasedLine
Date: 18-Apr-2011
KSE-100 Index
Previous Index 11,652.54
Current Index
11,696.25
Change % 0.38%
YTD (CY11) -2.71%
YTD (FY11) 20.31%
KSE-100 Index
Previous Index 19,838.63
Current Index 19,937.79
Change % 0.50%
YTD (CY11) 6.03%
YTD (FY11) 36.37%
International Indicators
 
Close
%age
BSE-30 19,386.82 -1.57
HANGSENG 23,929.32 -0.35
NIKKEI 225 9,591.52 -1.81
FTSE 5,996.01 0.50
DJIA 12,341.83 0.46
SSEC 3,050.53 -0.09
NASDAQ 2,764.65 0.16
 
Close
%age
TASI 6,531.87 -1.11
KSE(Kuwait) 6,342.90 -0.72
BSE 1,404.07 -0.56
MSM 6,405.60 0.17
ADX 2,698.15 0.72
DFM 1,648.44 1.59
QSE 8,728.90 -0.59
Capital Market Overview

Market watch: Index continues downward slide, falls 82 points

Bearish activity continued in scrips across the board on Thursday on the back of limited institutional and foreign interest before the corporate earnings season got into full swing. more... (ET)

NAVs and Returns
as of Apr 16, 2011
Funds Offer Redemption
POAIIF
51.6925/-
51.1756/-
YTD Return
8.73%
POIAAF
63.09/-
61.51/-
YTD Return
16.56%
POAAAF
58.66/-
57.19/-
YTD Return
13.81%
POAF
10.71/-
YTD Return
7.30%
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
33.40
2,872
64.55
2.59
-2.71%
KSE30
6.63
570
47.22
2.45
-1.58%
KMI30
5.00
430
31.53
1.84
6.03%
KSE All
36.13
3,107
89.03
2.79
-2.46%
Apr 15, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
202.07
109.47
-10.59%
OGDC
15.99
129.65
134.64
-23.06%
UBL
2.00
63.76
42.10
-6.55%
LUCK
1.70
70.10
35.79
-7.51%
Apr 15, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
10.63
(83.37)
(72.74)
Foreign Corporates
1,197.33
(1,511.41)
(314.09)
Overseas Paksitani
205.44
(172.92)
32.52
Grand Total
1,413.40
(1,767.70)
(354.30)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
13-Apr-11
14-Apr-11
Change
Gross Buy
290.28
71.68%
27.45
-37.97%
0.76
1.72
126.32%
Gross Sell
-223.90
4.92%
-24.36
-57.43%
-1.23
-1.30
-5.69%
Net Buy/(Sell)
66.38
-65.34%
3.08
-123.74%
-0.47
0.42
10.64%
S.C.R.A
Country
During the Year July 10 to Date
13-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
4.41
News Clippings
Economy

Pakistan's forex reserves ease to $17.31bn

Pakistan's foreign exchange reserves eased to $17.31 billion in the week ending on April 9, from $17.64 billion the previous week, a senior central bank official said on Thursday. more... (BR)

Foreign investment stands at $1.31b in nine months

Foreign investment in the country stood at $1.32 billion in the first nine months of the current fiscal year 2010-11, remaining almost the same as in the same period the previous year. more... (ET)

Infrastructure damaged by floods: ADB decides to invest $650 million

The Asian Development Bank (ADB) has decided to invest $650 million in reconstruction of vital infrastructure damaged by the last year's devastating floods in Pakistan. more... (BR)

 

 
Company & Sector Update

Wapda suffered Rs five billion, Pepco Rs three billion losses

Wapda suffered loss to the tune of Rs 5425.384 million while Pepco Rs 3324.436 million during the floods of 2010 and the government would construct 32 medium dams during next five years for power generation, irrigation and to minimise losses in future. more... (BR)

IT exports may grow to $10b by 2020

Pakistan could play host to an extreme growth spurt in the information technology industry in the next 10 years, according to a study quoted by IBM's Country General Manager Hamayun Bashir. more... (ET)

China's largest bank to expand in to Pakistan

Industrial and Commercial Bank of China Limited (ICBC), the world's biggest bank by market value, plans to increase its global footprint by setting up new branches in countries such as Brazil, India and Pakistan, according to bank chairman on Thursday. more... (ET)

 

 
Political

ZAB reference needs correction: no constitutional question properly raised: Chief Justice
Chief Justice Iftikhar Mohammed Chaudhry Thursday said that no constitutional question has been properly raised in the presidential reference for scrutiny of apex court, which gives an impression that a draftsman had prepared it, which needs correction. more... (BR)

18 percent increase in defence budget for fiscal year 2012 proposed

Ministry of Defence has sent a proposal to federal government for an allocation of Rs 582 billion for defence budget 2011-12. According to sources, the defence ministry had asked for the allocation after calculating inflation and expenditure in war against terror ie, Rs 582 billion. more... (BR)

Natural resources: lawmakers demand higher royalties

Lawmakers from Khyber-Pakhtunkhwa have urged the federal government to raise royalty rates for oil and gas reserves in the province to mitigate the sense of deprivation among the people. more... (ET)

 

 
GCC

Mubadala sells $1.5bn in bondsat premium
Mubadala Development Co, an Abu Dhabi investor with stakes in Carlyle Group and General Electric Co, paid a premium over its existing debt to raise $1.5 billion (Dh5.51 billion) in bonds. more... (Gulf News)

Nakheel's $10.9b restructuring likely to favour lenders

Developer Nakheel, restructuring $10.9 billion (Dh40 billion) in debt, has offered lenders repayment after four and a half years at a rate of 4 per cent on part of its debt in a deal that favours banks, sources said. more... (Gulf News)

Reap benefits from climate changes

Companies across the UAE are adapting their business models to capitalise on new opportunities created by climate change. more... (Gulf News)


 

Quote of the Day:

"And while the law of competition may be sometimes hard for the individual, it is best for the race, because it ensures the survival of the fittest in every department." - Andrew Carnegie



 

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
4.10%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
175.72mn
US$ Reserves (Apr 09, 2011)
$17.31 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
13-APR-11
14-APR-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
91.506
0.91%
9.53%
9.30%
-22.70
     
13-APR-11
14-APR-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
875.00
880.42
5.42

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.95
13.23
13.50
13.71
Offer
13.45
13.48
13.75
14.21

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.20
12.75
13.35
13.30
13.45
13.45
Low  
11.00
12.60
13.10
13.05
13.15
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
84.30
121.30
1.01
137.47
22.95
1.63
0.44

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.24
13.60
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
1.19
3.40
3.38
3.60
5.57
8.02
12.80
13.80
Change bps
-2.60
-0.80
4.40
-1.80
-2.10
0.10
-6.00
0.00

Commodities

     
13-APR-11
14-APR-11
change
WTI (USD/bbl)    
107.29
108.31
0.95%
     
Brent (USD/bbl)    
120.97
122.15
0.98%
     
Arab Light (USD/bbl)    
117.60
117.67
0.06%

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)
3,311.00
3,312.00
-0.03%
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)
1,474.18
1,457.30
1.16%
Sugar 11 (USD/lb)
32.51
32.51
0.00%
Steel (USD/ton)
750.23
747.85
0.32%
Wheat (CBT) (USD/bu)
777.00
700.50
10.92%
PTA (USD/ton)
1,430.00
1,450.00
-1.38%
Copper (USD/ton)
9,389.25
9,488.25
-1.04%

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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.