BasedLine
Date: 20-Apr-2011
KSE-100 Index
Previous Index 11,674.83
Current Index
11,599.28
Change % -0.65%
YTD (CY11) -3.52%
YTD (FY11) 19.31%
KSE-100 Index
Previous Index 19,908.22
Current Index 19,780.60
Change % -0.64%
YTD (CY11) 5.19%
YTD (FY11) 35.29%
International Indicators
 
Close
%age
BSE-30 19,121.83 0.16
HANGSENG 23,520.60 -1.30
NIKKEI 225 9,441.03 -1.20
FTSE 5,896.87 0.50
DJIA 12,266.80 0.53
SSEC 3,057.33 0.22
NASDAQ 2,744.97 0.35
 
Close
%age
TASI 6,525.07 -0.13
KSE(Kuwait) 6,396.50 0.34
BSE 1,393.82 -0.67
MSM 6,369.90 -0.42
ADX 2,703.57 -0.21
DFM 1,654.50 0.11
QSE 8,633.40 -0.14
Capital Market Overview

Bears Overtake Bulls at KSE

Decline in global stock markets and fears of further selling by foreigners kept the Karachi Stock Exchange in the grip of bears on Tuesday also forcing the index to close below 11,600 levels despite some good corporate result announcements. more... (FD)

NAVs and Returns
as of Apr 19, 2011
Funds Offer Redemption
POAIIF
51.7636/-
51.2460/-
YTD Return
8.75%
POIAAF
63.11/-
61.53/-
YTD Return
16.60%
POAAAF
58.62/-
57.15/-
YTD Return
13.73%
POAF
10.80/-
YTD Return
8.19%
Funds Rating
AMC
AM3
POAIIF
A+ (f)
POAF
AA-
  Mar-11 Feb-11
MoM(%)
AUM's (PKR bn) 198.13 203.77 -2.76%
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
33.79
2,857
46.22
2.76
-3.52%
KSE30
6.69
566
34.25
2.63
-2.64%
KMI30
5.06
428
18.39
1.91
5.19%
KSE All
36.55
3,091
56.30
2.85
-3.23%
Apr 19, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
197.67
109.46
-12.54%
OGDC
15.88
129.13
133.71
-23.37%
UBL
2.00
63.77
42.10
-6.54%
LUCK
1.70
69.96
35.78
-7.69%
Apr 19, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
12.04
(9.02)
3.01
Foreign Corporates
5,321.22
(4,220.45)
1,100.77
Overseas Paksitani
297.01
(289.75)
7.26
Grand Total
5,630.26
(4,519.22)
1,111.04
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
18-Apr-11
19-Apr-11
Change
Gross Buy
299.64
70.13%
36.77
-26.12%
2.14
5.75
168.69%
Gross Sell
-236.91
3.77%
-37.40
-43.05%
-6.63
-4.61
30.47%
Net Buy/(Sell)
62.73
-68.47%
-0.63
-96.05%
-4.49
1.13
125.17%
S.C.R.A
Country
During the Year July 10 to Date
18-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
40.43
0.10
-
35.67
-
-
4.86
0.12
0.37
-0.26
Luxembourg
63.33
-
-
51.21
-
-
12.23
0.26
0.14
0.12
Switzerland
35.52
-
-
13.16
-
-
22.32
-
0.002
-0.002
UAE
5.30
-
-
7.34
-
-
-0.49
-
-
-
UK
138.97
192.14
-
121.42
202.63
2.85
1.05
-
0.60
-0.60
USA
381.26
-
24.61
216.07
-
17.12
172.67
0.43
1.20
4.80
Total
686.93
192.24
31.05
462.78
202.63
21.54
221.29
1.09
2.32
4.34
News Clippings
Economy

Gold soars to fresh record above $1,500

Gold hit a fresh record above $1,500 dollars in Hong Kong on Wednesday as traders sought out the safe haven amid concerns over the global economy. more... (BR)

Economic woes: Fresh IMF loan linked to tough conditions

The International Monetary Fund (IMF) is unlikely to sanction a second loan programme for cash-starved Pakistan without upfront implementation of the tough conditions that were not the hallmark of the $11.3 billion bailout package. more... (ET)

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

Large-scale manufacturing output up 0.98%

After showing signs of recovery, output growth in the large-scale manufacturing (LSM) sector remained below one per cent from July through February due to negative growth in the oil and gas industry, largely affected by inter-corporate debt. more... (ET)

Oil consumption grows 21% in March

The business community of Pakistan is now more optimistic about a positive business climate in the coming six months, after months of negative perception, according to a survey conducted by the Overseas Investors Chamber of Commerce and Industry (OICCI). more... (ET)

Mutual fund industry grows 3% in third quarter

The mutual funds industry recorded static growth during the third quarter (January-March) of fiscal 2011, increasing three per cent to close at Rs229 billion, according to an InvestCap research note. more... (ET)

 

 
Political

Hafeez asks US to remove barriers to trade access

Finance Minister Dr Abdul Hafeez Shaikh has urged the United States to remove barriers in the way of greater trade access for Pakistani products in the American market. more... (BR)

Pak successfully conducts first test of Hatf 9 missile

Pakistan, Tuesday successfully conducted the first flight test of the newly developed short range surface to surface Multi Tube Ballistic Missile Hatf 9. more... (BR)

PPP seeks to form ‘broad-based' government

In an effort to form a stable, broad-based government ahead of next year's Senate elections, the ruling Pakistan Peoples Party (PPP) has begun to woo key political parties , including the Pakistan Muslim League-Quaid (PML-Q), for their support. more... (ET)

 

 
GCC

Dubai to allow private power firms
The private sector will be allowed to invest in the Hessyan Power and Desalination Complex — the biggest project of its kind in the region, Saeed Mohammad Al Tayer, vice-chairman of the Supreme Council for Energy, told Gulf News on the sidelines of the Dubai Global Energy Forum yesterday. more... (Gulf News)

GCC inflation to pick up in 2011

Inflation in Gulf oil producers is expected to edge up to more than four per cent through 2011 because of high global commodity prices but it is unlikely to return to the 2008 double-digit rates, a Kuwait bank has said. more... (Zawya)

UAE-Japan trade jumps 25.4% to $36.62bn

Japan's trade with the UAE increased 25.38 per cent to $36.62 billion (Dh134.4 billion) in 2010 compared to $29.21bn in the previous year on the back of higher car imports by the UAE and Japan's higher crude oil imports, Japan External Trade Organization (Jetro) said in a statement. more... (Zawya)


 

Quote of the Day:

" You are surrounded by simple, obvious solutions that can dramatically increase your income, power, influence and success. The problem is, you just don't see them." -Jay Abraham

 

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
4.10%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
175.79mn
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
18-APR-11
19-APR-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
91.375
-0.38%
9.25%
9.35%
9.80
     
18-APR-11
19-APR-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
903.51
875.00
-28.51

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.89
13.23
13.50
13.71
Offer
13.39
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  
13.50
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
84.58
120.75
1.017
137.15
22.02
1.64
0.43

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
1.13
3.24
3.25
3.46
5.45
8.08
12.81
13.80
Change bps
-1.70
2.50
-1.30
-0.40
-10.40
0.50
5.90
0.00

Commodities

     
18-APR-11
19-APR-11
change
WTI (USD/bbl)    
106.80
108.50
1.59%
     
Brent (USD/bbl)    
121.14
120.88
-0.21%
     
Arab Light (USD/bbl)    
116.75
116.09
-0.56%

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)
396.63
385.38
2.92%
Urea Fertilizer (Rs/bag)
1,184.17
1,190.83
-0.56%
Gold 24cr (Rs./10gm) Khi
40,200.00
40,028.00
0.43%
Rice IRRI -6(Rs/100kg)
3,330.00
3,333.00
-0.09%
KCA Cotton (Rs/mound)
11,500.00
12,000.00
-4.17%
International
Current
Previous
Change
Coal Spot(USD/ton)
122.80
123.20
-0.32%
Gold Futures (USD/oz)
1,496.32
1,495.30
0.07%
Sugar 11 (USD/lb)
32.51
32.51
0.00%
Steel (USD/ton)
744.19
745.31
-0.15%
Wheat (CBT) (USD/bu)
700.50
700.50
0.00%
PTA (USD/ton)
1,420.00
1,430.00
-0.70%
Copper (USD/ton)
9,317.75
9,203.50
1.24%

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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.