BasedLine
Date: 19-Apr-2011
KSE-100 Index
Previous Index 11,696.25
Current Index
11,674.83
Change % -0.18%
YTD (CY11) -2.89%
YTD (FY11) 20.09%
KSE-100 Index
Previous Index 19,937.79
Current Index 19,908.22
Change % -0.15%
YTD (CY11) 5.87%
YTD (FY11) 36.16%
International Indicators
 
Close
%age
BSE-30 19,091.17 -1.50
HANGSENG 23,830.31 -0.74
NIKKEI 225 9,556.65 -0.40
FTSE 5,870.08 -2.10
DJIA 12,201.52 -1.14
SSEC 3,057.33 0.22
NASDAQ 2,735.38 -1.14
 
Close
%age
TASI 6,533.34 0.02
KSE(Kuwait) 6,375.10 0.51
BSE 1,403.22 -0.06
MSM 6,396.60 -0.14
ADX 2,709.33 0.41
DFM 1,652.76 0.26
QSE 8,645.17 -0.96
Capital Market Overview

Market watch: Bourse falls on lack of investor interest

Bearish activity was witnessed in the first trading session of the week on Monday, as limited local and foreign interest in shares across the board resulted in a dull day at the Karachi bourse. more... (ET)

NAVs and Returns
as of Apr 18, 2011
Funds Offer Redemption
POAIIF
51.7482/-
51.2307/-
YTD Return
8.74%
POIAAF
63.42/-
61.83/-
YTD Return
17.17%
POAAAF
58.84/-
57.37/-
YTD Return
14.17%
POAF
10.80/-
YTD Return
8.19%
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
34.15
2,878
36.33
2.04
-2.89%
KSE30
6.78
572
25.70
1.90
-1.65%
KMI30
5.12
431
15.10
1.54
5.87%
KSE All
36.94
3,113
47.27
2.17
-2.63%
Apr 18, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
201.72
109.46
-10.74%
OGDC
13.74
129.48
115.69
-23.16%
UBL
2.00
64.06
42.10
-6.11%
LUCK
1.70
69.94
35.78
-7.72%
Apr 18, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
14.10
(9.72)
4.38
Foreign Corporates
1,759.06
(6,234.43)
(4,475.38)
Overseas Paksitani
331.85
(280.35)
51.50
Grand Total
2,105.01
(6,524.50)
(4,419.49)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
15-Apr-11
18-Apr-11
Change
Gross Buy
293.93
71.15%
31.05
-33.22%
1.44
2.15
49.31%
Gross Sell
-232.33
4.58%
-32.81
-52.19%
-1.80
-6.66
-270.00%
Net Buy/(Sell)
61.60
-67.74%
-1.75
-92.07%
-0.36
-4.51
-1,152.78%
S.C.R.A
Country
During the Year July 10 to Date
14-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
-
34.17
-
-
6.06
-
0.64
-0.64
Luxembourg
63.08
-
-
51.07
-
-
12.11
0.13
0.002
0.13
Switzerland
35.52
-
-
13.15
-
-
22.33
-
-
-
UAE
5.30
-
-
7.34
-
-
-1.29
-
-
-
UK
138.94
192.14
-
120.58
202.63
2.85
1.86
0.55
0.47
0.08
USA
379.73
-
12.32
211.39
-
17.12
163.54
0.59
1.63
-1.03
Total
684.52
192.24
17.22
455.56
202.63
21.54
211.48
4.43
3.93
0.52
News Clippings
Economy

Member FBR proposes concrete steps for tax reforms

Member (Inland Revenue) Federal Board of Revenue, Khawar Khurshid Butt said on Monday that the real challenge being confronted by the country is to revamp the taxation system to survive as a successful nation. more... (BR)

Pakistan's July-March current account surplus at $99 mn

Pakistan's current account surplus for July-March period was a provisional $99 million, compared with a deficit of $3.106 billion in the same period last year, the State Bank of Pakistan (SBP) said on Monday. more... (BR)

US urges Pakistan to continue economic reforms

The United States on Monday encouraged Pakistan, recipient of billions of US aid dollars in recent years, to “continue efforts” on its economic reforms, according to a joint statement. more... (D)

 

 
Company & Sector Update

Indian gates open once again: Ray of hope for cement manufacturers

Though cement exports have dropped 14 per cent in the current financial year, a ray of hope has emerged after most of the cement manufacturers got a green signal for export of the commodity to India. more... (ET)

Textile exports up 30.4pc in Jul-Mar

The export of textile products showed a significant improvement and achieved record nine-month export proceeds of $9.88 billion in (July-March) of current financial year against $7.57 billion in the same period of previous year. more... (FD)

Gilani orders revamp of energy sector

Hours after President Asif Ali Zardari reappointed him adviser to the prime minister on petroleum, newly-elected Senator Asim Hussain was ordered by Prime Minister Yousaf Raza Gilani to embark on an ambitious plan to revamp the country's energy sector. more... (ET)

 

 
Political

Pak-US relations: Trade not aid

American investors say that their biggest problem in Pakistan is not corruption but the delays that our government creates. They say that it is frustrating because the government is overcautious and unable to make necessary decisions. more... (ET)

Qureshi removed from SC-mandated post

A few days after taking him out of the investigations into the National Insurance Company Limited (NICL) scam , the government has removed Zafar Ahmed Qureshi from the post of Additional Director-General of the Federal Investigation Agency (FIA). more... (ET)

Admiral Mullen to visit Pakistan this week

Top military officials from Pakistan and the United States will meet this week in the latest effort to repair ties damaged by a series of diplomatic rows between the two countries . more... (ET)

 

 
GCC

Abu Dhabi Awards $3.7B Deals To Build 7,500 Homes
Abu Dhabi's government Monday awarded contracts worth 13.5 billion U.A.E. dirhams ($3.7 billion) to a handful of real-estate developers to build 7,500 new homes for U.A.E. nationals. more... (Zawya)

Arab govts reluctant to deal with Libya

Majority of the audience at Qatar FoundationQatar FoundationQatar Foundation's DohaDebates yesterday expressed the view that the existing Arab regimes are neither capable nor willing to deal with the situation in Libya. more... (Zawya)

New scientist visas to boost development

Saudi Arabia announced Monday its plan to recruit scores of scientists and experts to support its research programs by issuing a new kind of visa. more... (Zawya)


 

Quote of the Day:

" I think in business, you have to learn to be patient. Maybe I'm not very patient myself. And I think what I've learned the most is be able to wait for something and get it when it's the right time. " -Bernard Arnault

 

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
4.10%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
175.78mn
US$ Reserves (Apr 09, 2011)
$17.31 bn
Trade Balance (Jul 10- Mar 11)
($11.22bn)
Curr. A/C (Jul 10-Mar11)
($99mn)
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
15-APR-11
18-APR-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
91.7203
-0.46%
9.13%
9.25%
11.40
     
15-APR-11
18-APR-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
875.00
903.51
28.51

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.87
13.23
13.50
13.71
Offer
13.37
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  
13.10
13.10
13.35
13.30
13.45
13.45
Low  
12.50
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
84.28
121.65
1.01
137.80
22.95
1.64
0.44

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.27
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
1.15
3.22
3.26
3.47
5.56
8.07
12.75
13.80
Change bps
-3.30
-13.10
-3.30
-4.50
1.00
0.30
-10.00
0.00

Commodities

     
15-APR-11
18-APR-11
change
WTI (USD/bbl)    
109.03
106.80
-2.04%
     
Brent (USD/bbl)    
123.45
121.14
-1.87%
     
Arab Light (USD/bbl)    
118.59
116.75
-1.55%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
92.89
82.22
12.98%
Furnace Oil (Rs/ton)
71,413.29
68,753.88
3.87%
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
40,028.00
40,028.00
0.00%
Rice IRRI -6(Rs/100kg)
3,333.00
3,312.00
0.63%
KCA Cotton (Rs/mound)
12,000.00
12,000.00
0.00%
International
Current
Previous
Change
Coal Spot(USD/ton)
122.80
123.20
-0.32%
Gold Futures (USD/oz)
1,495.30
1,486.70
0.58%
Sugar 11 (USD/lb)
32.51
32.51
0.00%
Steel (USD/ton)
745.31
749.27
-0.53%
Wheat (CBT) (USD/bu)
700.50
700.50
0.00%
PTA (USD/ton)
1,420.00
1,430.00
-0.70%
Copper (USD/ton)
9,203.50
9,384.25
-1.93%

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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.